Peter Schiff on Impending Economic Collapse
‘Crisis Only Just Beginning’: Right About the Crash, Peter Schiff Sees More Pain Ahead There’s a popular YouTube clip called “Peter Schiff Was Right” that shows the president of Euro Pacific Capital engaged in on-air debates with financial luminaries such as Art Laffer and Ben Stein, circa 2006-07. The clips show the wisdom of Schiff’s dire forecasts — and, judging from the dismissive reactions, just how far he was outside the mainstream. Ben Stein publicly apologized to Schiff in a New York Times column, but Laffer refuses to admit defeat, recently telling Bill Maher his economic forecasts have a statute of limitations of just nine months. To his credit, Schiff isn’t declaring victory, noting “100% of my forecast hasn’t panned out,” most notably “a major collapse in the dollar” that leads to a spike commodity prices. As discussed in the accompanying video, Schiff believes the recent dollar rally and commodity price weakness will prove temporary.
Video Rating: 4 / 5
Riots are going to start soon it’s not a matter of is there it’s when and at the moment it’s coming across as the 1-2 of April being the begining as the G20 meeting is carried out in London. When will Martial law come? summer 2009 or sooner?
this is the future of our government control. the new world order is not a lie, it is no consieracy, it is not imagination, it is as real as the footage in this film. we have no control over our country. there will be more “detention” facilities, all police are beeing trained for riot defuseal. we lost our beloved constitution with bush and obama is only the next distraction to fullfill this plan. this vidio and 1,000,000,000 more like it are documenting the progress. inform your selves.godbless
This is an incredible video…shows just how right Mr. Schiff was on the economy…amazing.
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Wah
Our economy has been based on deficit spending by our Congress for years! Why doesn’t Pete reveal the real reason. It’s in our Constitution that gives Congress the “power to borrow money on the credit of the United States.” Just abolish that power by an amendment, and Congress will be forced to balance the budget forever, and ever.
For a sober, thought out view point, check out Roubini. This man predicted the credit crisis in detail, and is now predicting that a U shaped recovery will start this year, onwards.
I hate to disapointb but the future is positive.
Schiffty Pete has been predicting economic collapse for many, many years. every time the facts prove him wrong, he changes the time parameters and move that goal posts.
Schiffty is just another fearmongering Republican politician.
Arthur Laffer a liberal? Are you kidding? Laffer was the guy who pimped Trickle Down Reaganomics.
I totally agree with his forecasts : europeans major specialists say exactly that
laffer is another liberal idiot be afraid we will all be in obongo bread lines soon
the only good thing about the economy going bonkers was that it sent many illegals back home where they belong
because krugmann is more of a one world government guy, and reflects the concerns and needs of swedish politics.
If ever the Dollar collapses, then maybe, just maybe, with the much lower wages for Americans, manufacturing might be enticed to come back to this country. But, given that scenario, the Dollar has a long way to fall to even come close to wages in China. In the meantime, Americans will just have to deal with a much reduced standard of living before things might eventually get any better.
They aren’t borrowing money to save America. They’re borrowing to save their own ass.
Also Pete was right again! they’re slanting the dollar again and it is down significantly as of July 09.. get ready, inflation nation
Art Laffer is a fucking idiot! I knew he was a rube the moment I heard him speak so highly of Slick Willie’s accomplishments in the 1990′s. I screamed at the TV set: “What accomplishments???”
I have no idea what intellect Reagan saw in this guy. Maybe he had a stroke after the 1980′s and part of his brain died! lol
SPECIFICALLY!!! CNBC and FOX business
Where is my penny bitch!!
Many of us DID know this was coming; and, we benefitted too.
Enron was the first of your clues.
and why did people know about this financial crisis almost 3 years b4 it happened…?
2 words “Bilderberg” “Illuminati”
Theese are the fucks that is pulling the string wether u like it or not
my grandmother warned me about this 2 years ago..she says that this will get worse
He is a genous..
Why didn’t Peter Schiff win the Nobel Peace Prize for Economics and Paul Krugmann did?
FUCK FOX
and CNN, NBC…etc
Lol.
Peter Schiff in 2010!
there was a riot in brighton yesterday (4th May)
well its may
put police in there place rip them apart if show aggression 1000 protester 100 cops
the guy killed was middle aged man
If violence doesn’t work, why do “riot police” use violence to dominate and control? Why don’t the people marching have bats and shields? This is insanity, repeating the same behavior and expecting a different result. Please don’t get beat to show what is obvious! The corrupt insane world monetary system is protected using violence, fraud, and propaganda.
The riots have started.. Just saw it.
I was gutted .. as i am sure we all were .. when i heard that that young man had died ..
On the same day that that young man died .. weren’t the bankers hanging out of their windows .. waving money and jeering at the protestors??
THOSE PATHETIC WANKERS MAKE ME SICK!!
Continue the surge against the banking greed .. and if need be .. “SHUT THEM DOWN”!!
Good video resaxz .. you posed a couple of interesting questions..
The “terries” are a reservist force and the government idiots will call on them if civil unrest prevails as a result of the governments stupidity.
The “Summer of Rage” is going to happen..
Civil Unrest is going to happen..
What happened/ is happening .. this week in London .. is just the start of it
good video!!! American here, the media like always is blacking out what is really going on so it’s nice to hear from someone else
1 dead at the hands of the dirty police facists, continue the struggle people
R.I.P strong protestor!
Brave men do not gather by thousands to torture and murder a single individual, so gagged and bound he cannot make even feeble resistance or defense.
may we continue the surge against the banking greed!
Hold on to your pants chap, dont flap around just yet, the truth is very frightening, untill it gathers pace, chill out enjoy life while you can, “drink some wine and eat some cheese” and quietly educate yourself, prepare and network, and then when the time is right, fight !
This cannot be stopped its global evolution ! But it can be defeated !
but at the presnet time nothing can be done.
Good luck.
I wouldnt mind if the protesters were woking class but most have middle class backgrounds and come fom a university background ie typical middle class liberals im working class and come from bradford none of these pathetic anarchists (4 windows broke wow) speak for working class lads.
im with you man…sweden here..we need change, and its comming..just make sure to spread it as well as you can…make plans..look at the map of london / your city of choice and try to think of roads to cut of and where to escape etc etc..because im feeling it commin..stand strong.
peace brother!
the stock markets today were all down at 10:00a.m. today in the u.s. and canada. should i pull all my money out of my bank wpuld that help any?
i agree
i wouldn’t say it was the best, take care.
In my 30 years of life, I’ve only ever been to London twice and I have to go there for 3 days (1st – 3rd April), beginning tomorrow for a librarian conference.
Is it right I’m feeling that this is the worst timing ever?
thanks for sharing your insight, things are definitely in motion and major shifts ahead. Take it easy
WE are in the early stages of a Depression, not recession.
Notice how our media in the West always shows us the views of elites. Official sources are seemingly the only ones that count. If they do show ‘ordinary’ people, they are usually portrayed as stupid or extreme. Most of our media are rich, second-home-owning mouthpieces for the super rich. They are happy capitalists because they are beneficiaries of it. Billions of poor victims are portrayed as ‘natural’ casualties of social Darwinism. It is a lie. Poverty is engineered and manipulated.
if u guys riot dnt attack innocent property.
these protests that will turn to rioting will be an excuse for them to crackdown further on us and get us closer to martial law, how many of you pay your taxes? if you do and are planning to ‘protest’ then what fucking planet are you on. stop paying your money supporting these systems and then maybe you would have the moral highground to protest but until then your cash is funding the G20 and the killing of innocents worldwide. WAKE UP!
true thats why peaceful protest is the best
do you want your kids in these riots ?
It really underlines how the ‘system’ has completed failed. Not that it could really be considered to have ever worked. What type of system allows billionaires to created, avoiding tax in the process, while the average ‘worker’ lives in a life of grind and misery, with forced evictions and visits from the bailiffs when they loose their jobs? If people want to riot.. find the homes of the super elite, the old banking elite and riot there.