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Nov 2006 Peter Schiff Mortgage Bankers Speech

  • 01-07-2009 9:23am
    #1
    Sherifu
    Registered Users, Registered Users 2 Posts: 17,727 ✭✭✭✭


    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.

    http://www.youtube.com/view_play_list?p=B077EA2B610F7D6D&playnext=1&playnext_from=PL (~60 mins long)

    Having watched this today I found it very interesting to see the coming crisis predicted and compared to the dot-com bubble.


Comments

  • #2
    curiousd
    Closed Accounts Posts: 11 ✭curiousd


    Sherifu wrote: »
    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.

    http://www.youtube.com/view_play_list?p=B077EA2B610F7D6D&playnext=1&playnext_from=PL (~60 mins long)

    Having watched this today I found it very interesting to see the coming crisis predicted and compared to the dot-com bubble.


    Yeah, what amazes me is that policy makers don't look for the guys who best predicted the crash and then carefully consider their advice. They ignored them before the crash and they're doing the opposite to what they recommend to deal with the crash.

    I love Peter Schiff's weekly podcast "Wall St. Unspun" available on iTunes.
    http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=292655537

    Also check out Doug Casey
    http://www.youtube.com/watch?v=zKIYNr2PPgM
    http://www.caseyresearch.com/casey-s...ns-with-casey/

    and Gerlade Celente
    http://www.youtube.com/watch?v=J3DfjLCcbzw
    http://www.trendsjournal.com/


    The next time you hear someone say "nobody could have predicted how bad this was going to be" you'll know that it's just not true. The mortgage brokers speech above is great.

    Quite often the answers can't be found in the mainstream.


  • #3
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    meanwhile back at the Fed...

    https://www.youtube.com/watch?v=HQ79Pt2GNJo

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #4
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    Mish for Fed Chairman , however his first act would be to close the Fed. I pulled one of his posts from March 2005. It starts off with a your are here on a "bubble" chart. I've been reading his blog since 05 and his perspective has been priceless. Funny that any ex Irish billionaire could have saved themselves a fortune by kicking a few more tyres.


    http://globaleconomicanalysis.blogspot.com/2005/03/its-totally-new-paradigm.html

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #5
    anonymous_joe
    Registered Users, Registered Users 2 Posts: 9,255 ✭✭✭anonymous_joe


    curiousd wrote: »
    Yeah, what amazes me is that policy makers don't look for the guys who best predicted the crash and then carefully consider their advice. They ignored them before the crash and they're doing the opposite to what they recommend to deal with the crash.

    Erm, politicians are not doing it for the good of society - it's their job. Like most people, they'd like to keep their job. Bad news is unpopular. A politician who rides the wave of an artificial boom will be more popular than one who preaches sense and negativity.

    An unfortunate inevitability.


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