Peter Schiff warned us! (VID)

[Adam_M]

These "experts" laughed in his face!

[StuBradley]

Yes they did. Who's laughing now?

[IllTestYourGirls]

He gave a good speech in 06 to real estate agents that is on Youtube. I dont have the link of hand but if you do a search you will find it. The video is about an hour long and he gave great detail of the problems that the fed and the market were creating. Most of his predictions in that speech came true.

[jollyperv]

Fucking Ben Stein, what a retard

[EscortBiz]

someone needs to put together a page of videos of the people who keps saying how its all good not to worry and warn people not to listen or trust these people with your money

[$5 submissions]

Originally Posted by IllTestYourGirls

He gave a good speech in 06 to real estate agents that is on Youtube. I dont have the link of hand but if you do a search you will find it. The video is about an hour long and he gave great detail of the problems that the fed and the market were creating. Most of his predictions in that speech came true.

Here's the link: https://youtube.com/watch?v=6G3Qefbt0n4

Dude's so right on, it's scary.

However, I hope he's not right on his ultimate prediction--the USD will be essentially worthless. Another guy who predicted the crash is putting all his money on China.

[onwebcam]

Better start looking into the New World Order. This is real stuff people. They are intentionally causing the US to collapse as will the entire world financial system. Everyone will be robbing and killing each other for something to eat if we as a people don't put a stop to it.

[onwebcam]

And with the new proposed tax on cows and pigs under the guise of "methane emissions" imagine how much food is going to cost. Before you know it we'll be paying a tax on farting.

[IllTestYourGirls]

Originally Posted by EscortBiz

someone needs to put together a page of videos of the people who keps saying how its all good not to worry and warn people not to listen or trust these people with your money

Sadly no one really cares or even trys to understand the real reason we are here. MSM has been telling people not to sell since 11,000. They have been wrong the whole way. Listen to the wording of MSM tomorrow IF the market rebounds they will be saying things like "the market HAS rebounded from yesterdays loses" or "the market is rallying from yesterdays loses" When in FACT the only market trend is down.

[DaddyHalbucks]

Yes, all the experts laughed at him.

That's important to note.

[Adam_M]

Originally Posted by DaddyHalbucks

Yes, all the experts laughed at him.

That's important to note.

Yes it is! Means you know they are still talking out there ass now

[GregE]

The problem with Schiff is that he never offers any solutions.

None....none whatsoever.

Never....ever.

No solutions.

Except maybe to put a gun in your mouth.

Let's hope that the man's not thaaaat right

[Tempest]

Originally Posted by GregE

The problem with Schiff is that he never offers any solutions.
None....none whatsoever.
Never....ever.
No solutions.

Why should he? He's not in a position to fix anything.. and they don't listen to him anyway..

[Tempest]

And so what's the lesson to learn? That no one knows anything about this stuff when it comes right down to it.. They all hold on and wish for luck.. So listen to a bunch of them and make your own decisions.. The sooner people learn that there are no "experts" the better everyone will be.

[L-Pink]

Borrowers are at the mercy of lenders.
Consumers are at the mercy of producers.

We are now at the mercy of COMMUNIST CHINA.

Nice job everyone ........


.

[Spunky]

I blame those immigrants milking the system..send em back

[BV]

Originally Posted by GregE

The problem with Schiff is that he never offers any solutions.

None....none whatsoever.

Never....ever.

No solutions.

Except maybe to put a gun in your mouth.

Let's hope that the man's not thaaaat right

maybe you didn't listen, or don't like the sound of his solution. (you're not alone if so)

1 minute into the video quote: The cure is to stop consuming and start saving and producing again.

[Adam_M]

Originally Posted by BV

maybe you didn't listen, or don't like the sound of his solution. (you're not alone if so)

1 minute into the video quote: The cure is to stop consuming and start saving and producing again.

I think your exactly right, people don't like to hear they need to cut spending.

[GregE]

Originally Posted by BV

maybe you didn't listen, or don't like the sound of his solution. (you're not alone if so)

1 minute into the video quote: The cure is to stop consuming and start saving and producing again.

The recession won't end until people do start spending again. The longer the recession lasts the higher the unemployment numbers will get. Kinda hard to save money when you ain't got no job.

As for producing, produce what? We shipped almost all of our manufacturing jobs overseas years ago. Once the big three automakers go down (and Schiff strongly advises against bailing them out) they'll be no manufacturing jobs left. None, zip, nada, that's nothing to produce.

Like it or not we've got ourselves a service economy now and we're stuck with it.

A classic catch 22, eh?

[onwebcam]

The only servicing we're going to be doing is suckin dick. That is if you want to bow down.

[GatorB]

Originally Posted by jollyperv

Fucking Ben Stein, what a retard

Yeps tupid know it all jew who think the rich should pay any taxes. fuck him. Has even admitted he was a fucking tard and Schiff was right? Has any of these other so called "experts" admitted Schiff was right? Anyone that lsiten to these experts probably lost their shirts. I love how all the experts said buy Merril Lynch, Bearns Sterns and Goldman Sachs adn Shiff said no way stay away and they all basically called him a fucking reatrd. Who are the real retards. I hope all these fucktards lost everything. So much for trickle down economics. Only time that works is when things go bad. The bad financial dealings fo the rich trickle down and hurt the poor and middle class. Actually more like deluge instead of trickle though.

[GatorB]

Originally Posted by GregE

The recession won't end until people do start spending again. The longer the recession lasts the higher the unemployment numbers will get. Kinda hard to save money when you ain't got no job.

Do you not pay attention we can NOT have a economy that based on mostly comsumer spending. So no if everyone started spending things won't get better not for long anyways. American compnaies that produce things will have to move factories back to the US if they want to survive. The days of making a kiling off of 5 cent an hour Chinese labor are over. Funny thing is even a retard could tell you that if you ship all the jobs overseas no one will have any money to buy these products even if they are cheaper.

[$5 submissions]

Actually, he does. He says go back to 'sound money' (gold standard), slash govt spending, lower taxes, and go through a period of "withdrawal" from the recent capital markets' 'sugar high'. Watch the series: https://youtube.com/watch?v=6G3Qefbt0n4 He gave that lecture WAY before the credit crunch and current crisis.

Originally Posted by GregE

The problem with Schiff is that he never offers any solutions.

None....none whatsoever.

Never....ever.

No solutions.

Except maybe to put a gun in your mouth.

Let's hope that the man's not thaaaat right

[GregE]

Originally Posted by GatorB;150hahahahaha

Do you not pay attention we can NOT have a economy that based on mostly comsumer spending. So no if everyone started spending things won't get better not for long anyways.

And if they don't spend more people get laid-off and the recession deepens. Like I said, it's a classic catch-22.

Originally Posted by GatorB;150hahahahaha

Funny thing is even a retard could tell you that if you ship all the jobs overseas no one will have any money to buy these products even if they are cheaper.

And those retards represented the majority of American public opinion for the last 25 years. Problem is our governments, both Republican and Democrat, ignored the wishes of the public and rammed NAFTA, and similar garbage, down our throats anyway.

And now....those good paying manufacturing jobs are gone.

Thing is, you can't turn the clock back. It would take f-o-r-e-v-e-r to re-tool our industrial base. Hell, the only thing we manufacture nowadays are weapons and cars and by the looks of it we won't be doing the latter for much longer.

It sucks. It really, really sucks but we've got to play with the hand we're left with.

Cause it's all we got.

[HomerSimpson]

people laughed to many of today's famous scientists and artists...

[Trax]

i wanna hear some of schiffs more recent comments... anyone have any recommendations on what to watch, where to get it?

[Ethersync]

Originally Posted by Trax

i wanna hear some of schiffs more recent comments... anyone have any recommendations on what to watch, where to get it?

Listen to his podcasts...
http://www.europac.net/radioshow_archives.asp

Subscribe to this guy's channel. He has been posting all of Peter's appearances for years...
https://youtube.com/user/PhilDeCarolis

[Ethersync]

Originally Posted by onwebcam

And with the new proposed tax on cows and pigs under the guise of "methane emissions" imagine how much food is going to cost. Before you know it we'll be paying a tax on farting.

They already have this tax in a few countries. New Zealand and Estonia as I recall.

[buyandsell]

should have listenned to this guy!

[ADL Colin]

I read Schiff's most recent book and though he called some things right he missed on others big-time and there is a public record on all that. For one he believed strongly that the US economy was decoupled from others. That it was safe to invest overseas because the coming problems in the US would not infect the rest of the world. He particularly liked Asia. Last I checked China was down more than the US. Decoupling, while all the rage for a few months. has turned out to be completely wrong. A worldwide recession hit, not a US one. The economies of the world are highly coupled.

Schiff specifically said that oil was NOT in a bubble in May of 2008. Oil was $117 at the time. He predicted that oil could see "$150-$200" in 2009. Oil is now in the $40s.

He also thought the US dollar would collapse. He said that when it was at $160 vs Euro. He said it would drop 40-50% and that as early as 2009 we could see aggressive moves by Asian and Middle Eastern countries that could really put pressure on the dollar.

He also predicted that oil would hit $1200 to $1500 by the end of 2008.

Here is an article (Peter Schiff was wrong).
http://globaleconomicanalysis.blogsp...was-wrong.html

There are a number of points made, some similar to, some different than mine. Also according to that website the author knows a number of people who lost 40-70% with Schiff. Probably not very unreliable but considering Schiff's views and misses it seems highly likely that his clients were losing chunks of money if he was putting then in oil and going negative on the dollar.

Schiff loves to position himself as the guy who got everything right when everyone else was wrong. David facing Goliath. but when i read his book I thought he got more wrong than right - based on what has happened so far. Now, sure there's always the future .. but we ain't there yet. It reminds me of those companies that run dozens of funds, some long some short. Every year they can blast their successes. What they leave out is all the funds that did poorly. Schiff himself won't tell you what he missed wildly on. His record is out there though.

[ADL Colin]

Check out this video of Schiff in 2002.
http://seekingalpha.com/article/1068...hiff-right-now

"My prediction is that the Dow will go to 2000-4000. Maybe even lower than 2000 and that the NASDAQ will go to 500.

Anyone wanna jump on board with that one? I don't think it will happen.

Warren Buffet in a recent statement tells us the market is extremely undervalued right now at DOW 8000. Buffet tells us specifically that the way to value the market as a whole is to compare GDP to the market cap of all domestically traded company. He tells us that this method is "probably the best single measure of where valuations stand at any given moment". And by this method the market is severely undervalued.

We've heard similar statement from Marty Whitman, Ron Barron, Wally Weitz, etc etc

[JP-pornshooter]

Originally Posted by GregE

The recession won't end until people do start spending again. The longer the recession lasts the higher the unemployment numbers will get. Kinda hard to save money when you ain't got no job.

As for producing, produce what? We shipped almost all of our manufacturing jobs overseas years ago. Once the big three automakers go down (and Schiff strongly advises against bailing them out) they'll be no manufacturing jobs left. None, zip, nada, that's nothing to produce.

Like it or not we've got ourselves a service economy now and we're stuck with it.

A classic catch 22, eh?

you are right and you are wrong.. the root of the problem is the housing market, dropping real estate values started the entire demise and it is still going strong.. the feds have been dancing around the issue and think that putting money in the hands of banks will make all good again, WRONG they must fix the real estate problem, either fed start buying homes or "force" banks to buy up real estate so that the values dont keep dropping.
real estate is like currency, if they start free falling government must intervene, and at this point just dropping interest rates is not enough since the banks will not release the funds.

[onwebcam]

Originally Posted by JP-pornshooter

you are right and you are wrong.. the root of the problem is the housing market, dropping real estate values started the entire demise and it is still going strong.. the feds have been dancing around the issue and think that putting money in the hands of banks will make all good again, WRONG they must fix the real estate problem, either fed start buying homes or "force" banks to buy up real estate so that the values dont keep dropping.
real estate is like currency, if they start free falling government must intervene, and at this point just dropping interest rates is not enough since the banks will not release the funds.

The root of the problem is the Fed debt based/fractional reserve MT banking itself and the derivative market. Not the Housing market. There are ten of trillions if not 100s of trillions of derivatives floating around that all blew up because of the housing downturn. They used the housing market as an excuse to pass the problem off on the general public. The reason the housing market blew up is because the prices grew too much faster than peoples earnings. More or less prices were greatly increasing and wages were not. As far as schiff is concerned you have to take your information from many places but those who are telling the truth about certain things that people don't want to accept they are ridiculed.

[firecracker]

"12 Ways Schiff Was Wrong in 2008":

Schiff's Investment Thesis

* US Dollar Will Go To Zero (Hyperinflation).
* Decoupling (The rest of the world would be immune to a US slowdown.
* Buy foreign equities and commodities and hold them with no exit strategy.

12 Ways Schiff Was Wrong in 2008

* Wrong about hyperinflation
* Wrong about the dollar
* Wrong about commodities except for gold
* Wrong about foreign currencies except for the Yen
* Wrong about foreign equities
* Wrong in timing
* Wrong in risk management
* Wrong in buy and hold thesis
* Wrong on decoupling
* Wrong on China
* Wrong on US treasuries
* Wrong on interest rates, both foreign and domestic


That's a lot of things to be wrong about, especially given all the "Peter Schiff Was Right" videos floating around everywhere. The one thing he was right about was the collapse of US equities and no part of his investment strategy sought to make a gain from that prediction.

[xxxdesign-net]

Originally Posted by ADL Colin

I read Schiff's most recent book and though he called some things right he missed on others big-time and there is a public record on all that. For one he believed strongly that the US economy was decoupled from others. That it was safe to invest overseas because the coming problems in the US would not infect the rest of the world. He particularly liked Asia. Last I checked China was down more than the US. Decoupling, while all the rage for a few months. has turned out to be completely wrong. A worldwide recession hit, not a US one. The economies of the world are highly coupled.

Schiff is Ron Pauls economic adviser... Ron Paul said many times that theres going to be a world wide economic crisis... Strange? Youve got quotes with dates?

Schiff specifically said that oil was NOT in a bubble in May of 2008. Oil was $117 at the time. He predicted that oil could see "$150-$200" in 2009. Oil is now in the $40s.

Many predicts that oil will shoot back to those numbers in 2009.. whats your point?

He also thought the US dollar would collapse. He said that when it was at $160 vs Euro. He said it would drop 40-50% and that as early as 2009 we could see aggressive moves by Asian and Middle Eastern countries that could really put pressure on the dollar.

Yeah again, will probably happen.. where was he proven wrong?

He also predicted that oil would hit $1200 to $1500 by the end of 2008.

Gold maybe? Would if this happen in 2009? Would he be shamed?

Here is an article (Peter Schiff was wrong).
http://globaleconomicanalysis.blogsp...was-wrong.html

There are a number of points made, some similar to, some different than mine. Also according to that website the author knows a number of people who lost 40-70% with Schiff. Probably not very unreliable but considering Schiff's views and misses it seems highly likely that his clients were losing chunks of money if he was putting then in oil and going negative on the dollar.

Schiff loves to position himself as the guy who got everything right when everyone else was wrong. David facing Goliath. but when i read his book I thought he got more wrong than right - based on what has happened so far. Now, sure there's always the future .. but we ain't there yet. It reminds me of those companies that run dozens of funds, some long some short. Every year they can blast their successes. What they leave out is all the funds that did poorly. Schiff himself won't tell you what he missed wildly on. His record is out there though.

lol youre the same guy that tried to pull all sorts of dirt on Ron Paul not too long ago, saying, in 1983 he predicted a recession that will happen in a few years and was dead wrong, then arguing this with some stats and dates but conveniently stopped at 1986.. lol

[Snake Doctor]

Originally Posted by ADL Colin

I read Schiff's most recent book and though he called some things right he missed on others big-time and there is a public record on all that. For one he believed strongly that the US economy was decoupled from others. That it was safe to invest overseas because the coming problems in the US would not infect the rest of the world. He particularly liked Asia. Last I checked China was down more than the US. Decoupling, while all the rage for a few months. has turned out to be completely wrong. A worldwide recession hit, not a US one. The economies of the world are highly coupled.

Schiff specifically said that oil was NOT in a bubble in May of 2008. Oil was $117 at the time. He predicted that oil could see "$150-$200" in 2009. Oil is now in the $40s.

He also thought the US dollar would collapse. He said that when it was at $160 vs Euro. He said it would drop 40-50% and that as early as 2009 we could see aggressive moves by Asian and Middle Eastern countries that could really put pressure on the dollar.

He also predicted that oil would hit $1200 to $1500 by the end of 2008.

Here is an article (Peter Schiff was wrong).
http://globaleconomicanalysis.blogsp...was-wrong.html

There are a number of points made, some similar to, some different than mine. Also according to that website the author knows a number of people who lost 40-70% with Schiff. Probably not very unreliable but considering Schiff's views and misses it seems highly likely that his clients were losing chunks of money if he was putting then in oil and going negative on the dollar.

Schiff loves to position himself as the guy who got everything right when everyone else was wrong. David facing Goliath. but when i read his book I thought he got more wrong than right - based on what has happened so far. Now, sure there's always the future .. but we ain't there yet. It reminds me of those companies that run dozens of funds, some long some short. Every year they can blast their successes. What they leave out is all the funds that did poorly. Schiff himself won't tell you what he missed wildly on. His record is out there though.

That's the way it is with the chicken littles out there. Every time something bad happens they say they told you so...and if something bad doesn't happen, they say it just hasn't happened yet, so they never have to admit to being wrong.

[onwebcam]

Originally Posted by firecracker

"12 Ways Schiff Was Wrong in 2008":

Schiff's Investment Thesis

* US Dollar Will Go To Zero (Hyperinflation).
* Decoupling (The rest of the world would be immune to a US slowdown.
* Buy foreign equities and commodities and hold them with no exit strategy.

12 Ways Schiff Was Wrong in 2008

* Wrong about hyperinflation
* Wrong about the dollar
* Wrong about commodities except for gold
* Wrong about foreign currencies except for the Yen
* Wrong about foreign equities
* Wrong in timing
* Wrong in risk management
* Wrong in buy and hold thesis
* Wrong on decoupling
* Wrong on China
* Wrong on US treasuries
* Wrong on interest rates, both foreign and domestic


That's a lot of things to be wrong about, especially given all the "Peter Schiff Was Right" videos floating around everywhere. The one thing he was right about was the collapse of US equities and no part of his investment strategy sought to make a gain from that prediction.

At least he didn't lead everyone into the slaughterhouse. I'll agree with yo on the other countries being a safe haven. There really isn't a safe haven right now besides food and bills paid up for as long as you can afford. As far as those predictions most of them are still on the table. There's tension with China at this very moment. US Treasuries (not sure what his prediction was) were trading in the negative for a period of time which is strange considering the market was crashing. Gold should have also went up majorly during the market crashing but it went down as well only to now slowly creeping up. I could go on and on. The whole point is that everything that would have been a complete norm wasn't happening if you look at the market numbers. What was happening is people were making their moves to the save havens and they were immediately getting cut down by the "working group." Simply put the markets didn't crash the wealth just got transferred to someone else. Considering that the "working group" is also the same group who are being bailed out and the same one's who lead everyone to the slaughter house then you don't have to look very far.

[Vendot]

http://www.gofuckyourself.com/showth...t=peter+schiff

Posted it long time back..... Art Laffer actually got pulled up about this on a chat show and he had to admit how bad he got it wrong.

[Malicious Biz]

Originally Posted by xxxdesign-net

Schiff is Ron Pauls economic adviser... Ron Paul said many times that theres going to be a world wide economic crisis... Strange? Youve got quotes with dates?

If Ron Paul and peter schiff are such economic masterminds, shouldn't they be some of the richest men in America by now?

[xxxdesign-net]

Originally Posted by firecracker

"12 Ways Schiff Was Wrong in 2008":

Schiff's Investment Thesis

* US Dollar Will Go To Zero (Hyperinflation).
* Decoupling (The rest of the world would be immune to a US slowdown.
* Buy foreign equities and commodities and hold them with no exit strategy.

12 Ways Schiff Was Wrong in 2008

* Wrong about hyperinflation
* Wrong about the dollar
* Wrong about commodities except for gold
* Wrong about foreign currencies except for the Yen
* Wrong about foreign equities
* Wrong in timing
* Wrong in risk management
* Wrong in buy and hold thesis
* Wrong on decoupling
* Wrong on China
* Wrong on US treasuries
* Wrong on interest rates, both foreign and domestic


That's a lot of things to be wrong about, especially given all the "Peter Schiff Was Right" videos floating around everywhere. The one thing he was right about was the collapse of US equities and no part of his investment strategy sought to make a gain from that prediction.

most of those are highly exaggerated, no specifics...

Schiff himself says he was wrong a few times this last year... I think he is dead wrong on few other things but compare his track record with your favorite economist and then we ll talk...

[xxxdesign-net]

Originally Posted by Malicious Biz

If Ron Paul and peter schiff are such economic masterminds, shouldn't they be some of the richest men in America by now?

Ron Paul is a multi millionaire... but you argue like a 10yo would once again... What could they have done to be the richest men in america based on what they have been predicted?

[Malicious Biz]

Originally Posted by xxxdesign-net

Ron Paul is a multi millionaire... but you argue like a 10yo would once again... What could they have done to be the richest men in america based on what they have been predicted?

Oh I don't know.. make investments? Since they seem to be right about everything they should be able to make a killing, no?

[Brent 3dSexCash]

Originally Posted by Malicious Biz

Oh I don't know.. make investments? Since they seem to be right about everything they should be able to make a killing, no?

You dont think Peter is making a killing right now? He is on CNN or Fox every other day promoting his book and his Euro Pac company.

[ADL Colin]

Originally Posted by xxxdesign-net

lol youre the same guy that tried to pull all sorts of dirt on Ron Paul not too long ago, saying, in 1983 he predicted a recession that will happen in a few years and was dead wrong, then arguing this with some stats and dates but conveniently stopped at 1986.. lol

"All kinds of dirt"? No, I just pointed out that Paul's prediction of an imminent recession in '83 was - like you said - "dead wrong". It was far off the mark.

Paul is a perma-bear. For my entire life he has done nothing but predict doom and gloom. A broken clock is right twice a day.

[Malicious Biz]

Originally Posted by Brent 3dSexCash

You dont think Peter is making a killing right now? He is on CNN or Fox every other day promoting his book and his Euro Pac company.

My point is if these dudes are such infallible economic geniuses they should be pulling down bill gates money. Not whoring out shitty books money.

[xxxdesign-net]

Originally Posted by Malicious Biz

Oh I don't know.. make investments? Since they seem to be right about everything they should be able to make a killing, no?

investment in what? gold? commodities? agriculture? This is what he is doing... but this year is not when theyll make their money... Master investor Jim Rogers is doing the exact same thing, one of the richest man in america btw... so again, what are you getting at?

[Snake Doctor]

Originally Posted by ADL Colin

Paul is a perma-bear. For my entire life he has done nothing but predict doom and gloom. A broken clock is right twice a day.

EXACTLY

The nature of the business cycle means these chicken littles will be right once in awhile. It's like a weatherman who predicts torrential rain every day.

At some point people get wet and he and his followers bring out the I told you so routine....but they were bound to be right eventually.

[xxxdesign-net]

Originally Posted by ADL Colin

"All kinds of dirt"? No, I just pointed out that Paul's prediction of an imminent recession in '83 was - like you said - "dead wrong". It was far off the mark.

To quote you, you said he said "in a few years" ...

Interesting article here:
http://www.nationmaster.com/encyclop...980s-recession

"
On Black Monday of October 1987 a stock collapse of unprecedented size lopped twenty-five percent off the Dow Jones Industrial Average. The collapse, larger than that of 1929, was handled well by the economy and the stock market began to quickly recover. However the lumbering savings and loans were beginning to collapse, putting the savings of millions of Americans in jeopardy.


The panic that followed lead to a sharp recession that hit hardest those countries most closely linked to the United States, including Canada, Australia, and the United Kingdom. The economies of Europe and Japan were hurt, but not as badly. The US economy continued to grow as a whole, although certain sectors of the market such as energy and real estate slumped.


The first burst of the recession was short-lived, as fervent activity by the government leading up to elections in both the United States and Canada created what many economists at the time saw as an economic miracle a growing consumer confidence and increased consumer spending almost single handedly lifted the North American economy out of recession.


It soon turned out that the quick recovery was illusory, and by 1989 economic malaise had returned. For the next several years high unemployment, massive government deficits, and slow GDP growth affected the United States until 1992 and Canada until 1995. "





Its official, Ron Paul is a fraud, he couldnt give out an exact date and is wrong on a few details... All other great economists are always spot on! Lets praise them and give out a few names can we? lol

[notime]

I've seen his warnings & profhecies (afterwards) but I did not hear his current solutions yet....
This would be a good time to hear them from Peter...

[pornguy]

One of the thins that companies have lost in general is the ability to turn a TRUE profit. They can no longer run without the help of banks and thats just silly.