Also for 2002 I meant to say that the Hang Sang was at 9000, not 900. Also I just added as favorites the two youtube clips from 2002 on my youtube page. There are several versions, so I linked to the same version as my critic. ...also check me out on www.facebook.com and twitter.com
Tags: Another, Critic, Debunking
Clearly he didn't do a good job. Why make billions when you can make... millions!
I see a lot of people saying he shouldn't bother with this critic.
One, Peter has to protect his firm so it is Peters money so he can do what he feels he needs to do to protect it. It's not a social thing.
Two, his rebuttal gives him a forum to teach us. It's a rant but an intelligent rant. He always does his videos in the form of a rant l(ike most people). He has to start somewhere otherwise there is no content.
Peter is a proponent of Austrian economic theory (though he is only a layman). Austrian school economists have predicted every recession since the Great Depression (Ludwig von Mises predicted that one). Murray Rothbard predicted many of the recessions in the 60s and 70s. While Peter Schiff is not an economist, he is knowledgeable of Austrian theory; but, he is also a broker. So, he is essentially an Austrian, but from an investor's perspective. In summation, that is why he knows.
I have to ask: how is it that you can see all of these problems and everyone else is oblivious? I can understand they are probably in denial. But how do you research these things? How can you forecast this stuff so accurately? It's really unfortunate that there aren't more economically sound people in the world. I'm trying to reset my own deficits right now. College is probably the number one creator of debt in this country. And Obama wants even more kids to go. Sorry, had to throw that in there
How bout I respond by puttin my foot in your ass mother fucker
Can you not read butt lips? It's always been prevalent never dormant. The government just gave everyone a means to exercise it in their own moronic ways.
Don't respond until you learn to read asswipe.
Why do you even bother debunking Idiots?? You do know that it is the mission of the MEDIA to try to debunk you. If they wouldn't, it be obvious that they failed to bring a clear warning. You make understanding the financial crash so understandable and straight forward, that you make them look stupid. They are trying 2 save their positions as financial "experts" which u are obviously endangering.
Greek socialists win in a landslide.
You should have sold and bought in a place that wasn't hit so bad.
@sayah
So you believe that all of a sudden when Bush became president that everyone became greedy all of a sudden. Greed must have been lying dormant for centuries.
You fuckin moron
Don't sweat the small town stuff. A "critic" is small stuff - even in this big world. You have so much more important insight to share than to take time out to defend a 6 year old interview. This critic must be an idiot to have to go back 6 years to try to discredit your forecasts. Laugh at your critics, get to Washington, and keep changing the world. Good video anyways.
"Greed" is too general a word to be of any use. Now, it's true that a combination of bad policy at the federal level (pretty much everything electroman cited) and short-sighted by business DID cause the crisis, but this is different from saying that "greed", generally, caused the crisis.
Right...I'll work on that after completing my tinfoil hat, and obtaining a supply of pure grain alcohol so the godless communist of fluoridation can't harm me.
No man I'm dead serious. This whole financial trap is staged. We are being enslaved into a scientific dictatorship. They keep our brainwashed minds occupied with all kinds of distractions, so we won't see the bigger picture, and happily accept the solution for the chaos they have caused. This has been the game since 1776. Now they are going for the kill to set up their antichrist world order. Jesus is the only way out of this mess. Don't take the mark and don't get vaccinated!
Not that unusual when you consider that you could only afford $8,000 for your hovel in Arkansas and then it only went up to $20,000. I bet it is still worth 12K though.
FACT: Anyone using the word FACT in a comment when there is no FACT present is a moron....,yourself included.
FACT: Greed created the crash...the Government allowed it. Learn the difference.
You really are crazy !!
Many of us saw this coming....
In 2005 when I saw the value of my home go up 250%%% in a period of 3 years I knew something was very wrong !
In the past 100 years this has never happend without an outside factor!!
Yet it was right in front of us as Dems and Repubs were adding to the problem...
Easy money, no down, low intrest, "social justice"...
FACT.... The government created this crash !!
By creating hyper demmand which hyper inflated prices
Um, Ramohog...you're joking, right?
Exactly !!!
He is also one of the few who IS NOT A LAWER AND HAS ACTUALLY HAD A REAL PRIVATE SECTOR JOB !!!!
Unlike say... Obama, Biden,McCain,Frank and so on...
I dont think between the three of them they could accuratly explain securites, finance and the banking system...
YET WE PUT THEM IN CHARGE
WTF
HEY! I NEED MONEY!
Peter Schiff is probably from the Schiff family which are known to be luciferians. Look at the inverted pentagram on his senate banner. He is exposing the planned financial dark side of illuminati, implying he is on the good side. It is all a huge deception, and the love of money is still the root to all evil.
Do not weary yourself to gain wealth, Cease from your consideration of it. Just use your talents in a creative way, honouring God and people around you.
Schiff
You will do well in politics. Deleting my last post? Epic!
Well clearly I struck too close to home for your liking. I hope you at least took my message about your insecurities to heart. Keep up the good Nazi censorship and I'm sure you will do well working side by side with Obama. lol
good man
Hey Schiff , were do you stand on a global currency?
"Ron Paul is a phony and a wacko"
Compared to the rest of the Congress, he's the most genuine person there.
And as for "wacko"-what exactly compares to the belief (so fashionable in the US government today) that we can somehow spend, borrow, and our inflate our way out of a recession caused by spending, borrowing, and inflation?
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You are a very smart person!