Anybody into economics might like this

**SMCengineer** · 11-12-2008, 11:40 PM

This is a really good collection of clips of Peter Schiff from 2006-2007 predicting the exact crisis we're in now almost to the day. Everybody laughed at him then. If you're like me you'll find it pretty funny:

http://www.youtube.com/watch?v=2I0QN-FYkpw
http://www.youtube.com/watch?v=_HFNJw7xGSA
http://www.youtube.com/watch?v=2drsYPRU_QU

**Kale** · 11-12-2008, 11:50 PM

OMG How dumb do all theses fvckwits, that were laughing at him look now !!! I wonder if Fox News has fired all there financial advisers, this is sensational.
How could this guy have been so right, its like he traveled into the future !!!
I would love to know what he is saying now

**Prada** · 11-13-2008, 11:05 AM

Whats sad is that Shiff's arguments are not outlandish. Actually they make complete sense. I guess everyone was high on this bubble.

Would you be for more government control and regulation regarding the banking industry?
Some EU countries and Canada aren't currently going through this crisis but then again it comes with certain drawbacks as well.

**bigt10** · 11-13-2008, 06:41 PM

Peter Schiff is my hero i watch all his videos and read all his stuff at EuroPac.

He was ron paul's economic advisor.

They beleive in liberty and sound money.

Peter Schiff's Book crash proof is excellent. his website is www.europac.net

Those who are intrigued by what he says and the points he makes may enjoy reading some real economics.

www.mises.org
www.lewrockwell.com

also ron paul publishes weekly articles at his home page

www.house.gov/paul

**Hoggage_54** · 11-13-2008, 07:06 PM

That one guy, I think on CNN, who's always yelling at the TV and talks about money, stocks, etc. predicted the same thing. He probably should have been yelling louder

**OH REALLY** · 11-13-2008, 07:48 PM

thats un real i would love to hear what those guys have to say now

**Panzerfaust** · 11-13-2008, 08:25 PM

Arthur Laffer should be ****ing executed, guy is a ****ing moron and now everyone can see...but its not like it matters, Americans don't give a **** regardless.

**FallenWyvern** · 11-13-2008, 09:11 PM

I found this very interesting.

But, if you take a strong position either way, eventually you will be right.

If you go to a book store that resells old paper back books, you can look up old books on the economy. You will find some authors very bearish and mostly others very bullish for every time period in history.

I wonder what Peter is recommending now. Is he still bearish?

**bigt10** · 11-14-2008, 12:17 AM

Ya he is very bearish on the US markets. I dont blame him.

We borrowed tons of money and spent it. Our GDP and all the stats are phony they consist of consumption of consumer goods.

What Peter is saying and his company Euro Pacific capital makes alot of since. He is taking clients money and investing in sound economics that have savings ( real capital ), and production.

**Kale** · 11-14-2008, 03:50 AM

Originally Posted by FallenWyvern

I found this very interesting.

But, if you take a strong position either way, eventually you will be right.

If you go to a book store that resells old paper back books, you can look up old books on the economy. You will find some authors very bearish and mostly others very bullish for every time period in history.

I wonder what Peter is recommending now. Is he still bearish?

He is saying now that the US is heading for 20% unemployment and this recession will go on for years. God help all of us. I have never seen a down turn that has impacted so many, and I have seen a few in my lifetime !!!