This video titled Peter Schiff was Right has been going around for a while, but it just finally made it’s way to me – thanks Calin!
I first heard of Peter a few months back when I read his book Bull Moves in a Bear Market which I really enjoyed. I can’t say that I am on board 100% with everything he says, but he seems to be a very common sense guy in the midst of foolishness.
Well anyway, in the video, it shows clips of Peter being interviewed on a bunch of business news stations and giving his predictions on the US economy and him being laughed at by just about everyone back in 2006-2007. While I wish he would have been wrong, he had some foresight about what debt, greed, and hype would inevitably do to our economy and we have and are continuing to watch it come to pass.
We all know that our economy is facing a bit of a credit crisis right now among other challenges and I don’t care to dwell on it, but it is such a sweet feeling watching the video and seeing how they mocked him as he patiently stood his ground. I really enjoyed it, hope you do too…
Peter Schiff on housing and the economy
What did you think? Did you enjoy the video?
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If you liked that, you’ll LOVE this speech by Schiff.
http://www.youtube.com/watch?v=EgMclXX5msc#t=40m55s
Thanks so much for sharing, I hadn’t seen this video yet.
That video was awesome! I hadn’t seen that yet. The guy didn’t buy into what the networks were pushing, which was, “the good times will last forever!”
Good for him. Wish we’d had more of Peter Schiff in 2003-2006
WOW! That’s all I can say… People need to learn how to listen to sound reasonable logic.
That’s really funny. I just posted this on my blog on Saturday along with the review of the bull moves in bear markets book. Great minds think alike! Good post as always!
BTW nice video link aliotsy, a bit long but very informative!
Aliosty: many thanks for the link. Very useful!
Calin
Yep! I’m a huge Peter Schiff fan, and have done tons of posts about his work. I just finished a 5-post review of his latest book on Bull Moves in a Bear Market – so if you’re interested in it please come check it out. I’ve been following Peter Schiff since 2004… and yes, he’s very smart and means what he says. He’s consistent, common sensical and worth listening to. By the way, every Wednesday night he does a radio show where you can call in and ask questions about the economy. I’d recommend listening to it!
Yep, yet the main street media still doesn’t get it and most the nation is still very supportive of Obama – while he is actively destroying the value of the dollar and expanding government in the process, which will only further burden the economy for decades to come.
Wow. In 2007 I know I wouldnt have believed him.
If you look at his other interviews, it is just as hard to believe him now about his future predictions i.e. the economy will get worse. MUCH worse.
It is crazy that so many experts didn’t listen to the people who warned them that there was the danger of an economic crisis. Now, that we are in a deep mess, I hope that the government starts to listen to the people who saw the signs of an economic crisis and not to the people who missed it. I read an interview with Med Yones, economic oracle and forecaster of the economic crisis in January 2007, which was published in CEO Magazine. The interview gives a comprehensive overview about the health of the economy, the impact of Obama’s policies on the economy, and most importantly logical solutions to get out of the crisis, such as lower interest rates and tax rates for smaller and new businesses and foreign investments to attract capital, start new companies and create new jobs, raise banks’ mandatory reserves and reduce government size and expenses drastically. More details can be found at
http://www.ceoqmagazine.com/2009Q1/economics/financialcrisis/index.htm
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