Peter Schiff right on the mark - Economy

[Chickpea]

For those of you who have the patience, please watch this in its enitrety. It is an incredible display of Peter Schiff (who is calm and patient) trying to warn everyone that fundamentals of our economy were quite weak and that we are heading into very serious and widespread recession - what is the big deal you ask???? - he was warning of this in 2006 and being mocked and dismissed.


http://www.youtube.com/watch?v=2I0Q...11/24/kristol-wrongly-impugns-e_n_146144.html

 

[lerxst]

Very interesting. His detractors were laughing at him. I love what Mr. laffer said, "Our economy has never been in better shape".... Amazing!

In a similar warning, the Late Larry Burkett warned of a coming economic earthquake. The article can be read here. http://www.crown.org/Articles/EconomicLandscape.aspx

 

[Miss Kitty]

Very interesting. His detractors were laughing at him. I love what Mr. laffer said, "Our economy has never been in better shape".... Amazing!

In a similar warning, the Late Larry Burkett warned of a coming economic earthquake. The article can be read here. http://www.crown.org/Articles/EconomicLandscape.aspx

:roll:...in a similar warning, SHELLY warned us a long time ago.

 

[SHELLY]

It is an incredible display of Peter Schiff (who is calm and patient) trying to warn everyone that fundamentals of our economy were quite weak and that we are heading into very serious and widespread recession - what is the big deal you ask???? - he was warning of this in 2006 and being mocked and dismissed.

Maybe if he held up something like this:

uh...forget that.

 

[Danny Burns]

Amazing predictions from Mr. Schiff! Did you notice the DJIA was at 13, 079 in the crawl under Ben Stein as he was recommending Merryl Lynch ($76 then - $7 now) to buyers? The Dow now sits at 8579. Most of the companies they were recommending to buy into have gone under or been bought out for pennies on the dollar. One guy thought the DJIA would hit 16,000 in 2008 and all of them were laughing at Schiff. What a bunch of bone heads. Who has the last laugh? Schiff was right. Gold was the place to invest. America should have been listening to this guy 2 years ago, but...

 

[Carol G]

:roll:...in a similar warning, SHELLY warned us a long time ago.

:scratch:Methinks the mystery of SHELLY'S identity has finally been solved... SHELLY IS PETER SCHIFF!

 

[BeachSiO2]

Thanks for the post. If Shelley isn't Schiff, they definitely went to "school" together!

 

[chrisv]

Schiff last week...

Put simply, our government doesn't have enough spare cash to bailout a lemonade stand let alone a bloated and failing industry that is losing tens of billions of dollars per month.

Read more here

 

[Bobskunk]

Amazing

Thanks for the link. I sent this to a lot of people today. His detractors were not too graceful. Oops. Ben Stein was absolutely in love with Merril at $76. He must be out of his mind in love with it now. Again, thanks.

 

[Miss Critter]

I hope Mr. Schiff got his penny from Mr. Laffer (aptly named, it seems) before he lost his last one. Thanks, Chickpea. Now I know which talking head (besides our own shelly, of course) to actually listen to.