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.
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Boosters
He wasnt invited back in 2007
I agree food is maniuplated as a commodity. Also using food as fuel made it worse
Depends on which side of the trade you are on. Food is now being manipulated globally as a commodity….Actually, it has been for a long time, but recently speculation has begun to affect supply, not a good thing.
wow, you can hear the audience squirming
This is not fortune telling, just basic Austrian economics. This shows how much we need to pay attention to the same principles right now so we’re not blind sided by the coming economic fiasco even as people were in ’06….
Yes, current government CPI measurements aren’t an effective guage of inflation. But the higher inflation numbers he speaks of are from corrected/adjusted numbers from places like shadowstats, David Tice’s statistics, comparing with PPI, measuring via commodities (gold, etc.) and using original CPI measuements/methods, etc.
cpi doesn’t measure food and energy etc. thats core cpi.
lol schiff used CPI argument, but earlier he said inflation is 10%, since CPI is a gauge of inflation something is wrong….
Food goes bad after a certain amount of time. So guess again.
Even from the attractive ones?
Leave it on the counter for a week and then come back and let us know how it went.
Yea i don’t know why i equated an asset to food.
Food isnt something that is depreciated over time.
Food is an expense not an asset.
you don’t understand shit gotveggieoil you should stay away from kids you sick perv
Most people in this country do not even understand what the secondary market is, soI do not expect a rush of common sense to break out.
Ron Paul is a G.
Peter Shiff for the U.S. Senate 2010
the problem with that is all the money to do that first comes from taxes. Why would you want a more intrusive government who would arbitrarily distribute YOUR income when you could have had a tax break and spent the money where you wanted/needed to spend it? Right now our problem is government, and it’s spending/borrowing still wont help. Read “Economics in One Lesson” by Henry Hazlitt for a quick lesson on the fallacies of government intervention.
No, my entire family(4 of us) voted for Ron Paul
no, they are assets… they do have a cost to them to keep up and keep going, but it is a place to live, store stuff, run a business from… it is an asset…
I still think that all of the money spent should have been distributed among the tax paying adults in the country. Mortgages can be paid, credit card debt can be reduced, cars will be purchased, and the money will eventually get into the hands of the financial institutions.
yes
they are liabilities
is this in las vegas?