Sep 05 2010
Posted by Greg Reed as Article Writing
In 2006 Peter Schiff tells over 1000 mortgage brokers they are about to be out of jobs. Watch how he completely nails the coming real estate/mortgage debacle before anyone else even realized it was coming.
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25 Responses
Comment by gaguy1967
September 5, 2010 at 2:34 am
He wasnt invited back in 2007
Comment by gaguy1967
September 5, 2010 at 3:23 am
I agree food is maniuplated as a commodity. Also using food as fuel made it worse
Comment by pretorious700
September 5, 2010 at 3:34 am
Depends on which side of the trade you are on. Food is now being manipulated globally as a commodity….Actually, it has been for a long time, but recently speculation has begun to affect supply, not a good thing.
Comment by pretorious700
September 5, 2010 at 3:50 am
wow, you can hear the audience squirming
Comment by wilsonspaulding
September 5, 2010 at 4:18 am
This is not fortune telling, just basic Austrian economics. This shows how much we need to pay attention to the same principles right now so we’re not blind sided by the coming economic fiasco even as people were in ’06….
Comment by LesPaulElitist
September 5, 2010 at 4:36 am
Yes, current government CPI measurements aren’t an effective guage of inflation. But the higher inflation numbers he speaks of are from corrected/adjusted numbers from places like shadowstats, David Tice’s statistics, comparing with PPI, measuring via commodities (gold, etc.) and using original CPI measuements/methods, etc.
Comment by PoliticsAddict
September 5, 2010 at 5:01 am
cpi doesn’t measure food and energy etc. thats core cpi.
Comment by halbortico
September 5, 2010 at 5:22 am
lol schiff used CPI argument, but earlier he said inflation is 10%, since CPI is a gauge of inflation something is wrong….
Comment by Elbottoo
September 5, 2010 at 6:19 am
Food goes bad after a certain amount of time. So guess again.
Comment by NoisemakerArrow
September 5, 2010 at 7:14 am
Even from the attractive ones?
Comment by NoisemakerArrow
September 5, 2010 at 8:04 am
Leave it on the counter for a week and then come back and let us know how it went.
Comment by Jakearoo14
September 5, 2010 at 8:38 am
Yea i don’t know why i equated an asset to food.
Comment by gaguy1967
September 5, 2010 at 9:20 am
Food isnt something that is depreciated over time.
Comment by gaguy1967
September 5, 2010 at 10:17 am
Food is an expense not an asset.
Comment by lazy666leo
September 5, 2010 at 10:28 am
you don’t understand shit gotveggieoil you should stay away from kids you sick perv
Comment by gotveggieoil
September 5, 2010 at 10:53 am
Most people in this country do not even understand what the secondary market is, soI do not expect a rush of common sense to break out.
Comment by kobe88124
September 5, 2010 at 11:18 am
Ron Paul is a G.
Comment by BigRedMcCool
September 5, 2010 at 11:30 am
Peter Shiff for the U.S. Senate 2010
Comment by ajnako12
September 5, 2010 at 12:06 pm
the problem with that is all the money to do that first comes from taxes. Why would you want a more intrusive government who would arbitrarily distribute YOUR income when you could have had a tax break and spent the money where you wanted/needed to spend it? Right now our problem is government, and it’s spending/borrowing still wont help. Read “Economics in One Lesson” by Henry Hazlitt for a quick lesson on the fallacies of government intervention.
Comment by Justprayfirst
September 5, 2010 at 12:31 pm
No, my entire family(4 of us) voted for Ron Paul
Comment by Bilakaifa
September 5, 2010 at 1:28 pm
no, they are assets… they do have a cost to them to keep up and keep going, but it is a place to live, store stuff, run a business from… it is an asset…
Comment by josheek1
September 5, 2010 at 1:56 pm
I still think that all of the money spent should have been distributed among the tax paying adults in the country. Mortgages can be paid, credit card debt can be reduced, cars will be purchased, and the money will eventually get into the hands of the financial institutions.
Comment by ari1989
September 5, 2010 at 1:57 pm
yes
Comment by ari1989
September 5, 2010 at 2:45 pm
they are liabilities
Comment by orangefield1
September 5, 2010 at 3:10 pm
is this in las vegas?
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