View Full Version : Peter Schiff Predicts Recession
Here is a video where Peter Schiff tells exactly what is going to happen and the media trying to make him look like an idiot.
http://www.youtube.com/watch?v=2I0QN-FYkpw&feature=related
I love when Republicans and FreakyCons root for our demise.
I love when Republicans and FreakyCons root for our demise.
Not sure what you are getting at. Did you watch the video?
coadie
09-15-2010, 03:03 PM
I asked Jerym to define a recession and he couldn't a recession is 2 consecutive quarters of decrease in GDP. By the clinical definition we aren't in one. We are hurting because the 3% annual growth in the workfocre is much higher than the number of jobs increase.
The media attack any truth that doesn't make their boss look good.
coadie
09-15-2010, 03:09 PM
Here is a video where Peter Schiff tells exactly what is going to happen and the media trying to make him look like an idiot.
http://www.youtube.com/watch?v=2I0QN-FYkpw&feature=related
I laugh at Laffer. Yes the video is 3 years old. He was wrong and we did see the subprime kill Lehman, the CDO's parked at Bear sterns and I can give a long list from the top of my head. Laffer is famous for the Laffer Curve.
AIG folded by reason of default swaps. Goldman was hurt by reason of leverage or VAR that they use to calculate risk,
Has anyone watched the video? This is Peter Schiff talking back in 2006 and 2007 about what is going to happen in 2008. He tells it exactly like it is and others are laughing at him.
rgcraig
09-15-2010, 03:11 PM
LOL....too funny!
People posting without even bothering to watch the video!
coadie
09-15-2010, 03:12 PM
I love when Republicans and FreakyCons root for our demise.
They don't cover this in public schools. America is dangerously over leveraged. If we default on treasuries, of course wealthy americans hold more federal paper than do the chinese.
The American public is very ignorant about most of this stuff.
coadie
09-15-2010, 03:14 PM
LOL....too funny!
People posting without even bothering to watch the video!
I watched it. I read last Night about Paulson's account of the take over of the 2 big GSE's.
kindofbelieve
09-15-2010, 03:15 PM
Peter is the man. I'm not quite sure of his run for office. But he was indefinately right.
Peter is the man. I'm not quite sure of his run for office. But he was indefinately right.
Yeah, his run for office turns me off a bit....not sure why....I guess he thinks he can make more of a difference there.....but I like him right where he is.
kindofbelieve
09-15-2010, 06:19 PM
Yeah, his run for office turns me off a bit....not sure why....I guess he thinks he can make more of a difference there.....but I like him right where he is.
I think he'd be more use educating public. While I don't blame him entirely, it is people like him who have pushed me where I am, philosophically, both economically and politically.
He seems to be leaning toward a "neo-con" sort of lean on foreign policy - interventionist, that is. That's what bothers me.
kindofbelieve
09-15-2010, 06:20 PM
Peter is the man. I'm not quite sure of his run for office. But he was indefinately right.
I meant definitely - I was on my phone and it auto-corrected.
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