8/28/2006-Peter Schiff Predicts The US Economic Collapse With Unbelievable Accuracy
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Comments
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Listening to this today is so much like watching a staged train wreck. You know what happened, how, why. And you know who's off base.
Pay up, Laffer-stock. -
Peter's final comment lmao
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I would LOVE TO make enough money to keep my wife home to raise my children and support us while I'm at work all day, but unfortunately we both have to work because I simply do not make enough. I would LOVE for her not to work, and the best part of it all is that my wife agrees 110%. my wife doesn't like her job, she's not there because she likes it, she has to so that we can both make our ends meet. I'm simply astonished how both reporters get offended so easily as if peter is making some sexist comment about women. so misunderstood and so closed minded. I guarantee if a national poll was taken by women 21 years or older if they would rather work or be happily supported by their significant other, it would be a no Brainer which result would be in favor
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Wasn’t expecting that news reporter to expose her cancerous feminist ideologies. Man did she get triggered by listening to the truth!
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"I have never heard so many mistakes ever in my life"
"all you gonna be worth is a penny"
LUL -
What a spastic. I know not to judge a book by it's cover but look at the difference in style between the 2 men. One looks like cancer, one looks calm and composed.
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That penny lost 1000% of its value. Betting to just melt it for its raw material.
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Ahahahaha! Who is laughing now?
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WOuld this be considered macroeconomics or microeconomics?
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Laffer - so blatant and smug. Hindsight is 20/20, I guess.
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Peter made that dumb liberal look so stupid! he was 100% right!
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why is peter Schiff not our president! US might actually be saved!
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Think he actually gave up his penny?
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10 years later. Crippling debt for student loans, mortgages, 19.5 Trillion spending debt, 94+ million not in the workforce, the real unemployment rate about 10+%, crippling car loan debt (the next bubble), etc etc
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And yet Art was part of Reagan's team
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It's worth noting that Schiff, and many of the others who predicted the crisis, were of the Austrian school of economic thought.
On the other hand, the fools who ran basically everything, from the Fed to the SEC to the banks which nearly failed, were ostriches – and neo-Keynesians – to a man.
And then the partisan tribalists come out insisting that the economic handwaving peddled at them by their neo-Keynesian crony-capitalist politicians (of whichever party) could have saved the day.
The myopia is astounding.
The actual Keynes understood what Schiff understands, which is that debt is not an asset unless it is used to expand your productive capability. These neo-Keynsians big-government spendhards still maintain that all debt is good, so long as government expenditures are increasing (no matter on what). -
Art Laugher is a joke!!! An he advised a president?? Wow....what an IDIOT!!! I hate when people who dont know what their talking about, talk as if it is law. HES the DUMMY way off base!!! Bet LOTS of people listened to this moron & LOST ALL!! He should of bet his life!! An that dumb news anchor sides with Art the idiot & they both laugh like their SSsssooooo much smarter then Peter, what total fools!!! It amazes me the stupidity of these two.....YEAH ALL women with kids WANT to work!!!
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That Laffer guy has his penny lodged in his ass.
Betting his mom's twat doesn't change the fact that we have no more factory jobs.
Most of us are earning 20th century wages with 21st century cost of living. -
Peters last comment of the clip was gold lol
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the "laugher" curve... fucking idiot
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