Nov 2006 Peter Schiff Mortgage Bankers Speech Part 3 of 8
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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
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You’re such a dumbfuck stupid muslim nazi scumbag , you have no idea that Osama Bin Laden is a CIA asset, that’s why he hasn’t been caught, he was their pointman with the Taliban. What shitbag muslim hellhole did you crawl out of to leech off the British taxpayers? Don’t even try to tell me you have a job, no employer would hire you to wipe the soles of his shoes.
Fuck you – you slimy creep you are the fuckin filthy Jews of America FILTHYLEECHES. Jews have DRAINED the US – but wait til these dopey Yanks realise. They were HOPEFUL and are now FEARFUL of whats going on. Once the DESPERATION stage comes then they will turn to your LEECHES and kill you. Fuck Hitler who did HALF the job. Wait til Bin Laden comes after Afghansitan. Go to Cremationistan where your Jews will be burned in Palestine. FUCK THE JEWS THE ANARCHISTS OF THE PLANET
Hahahaha!! Stupid muslim nazi, go fuck yourself. You’re too stupid to see that Peter Schiff is a proud, patriotic, brilliant and JEWISH American hero! His father is too! That’s why we live in Judeo-Christian western civilization, not some Islamic shithole Trashcanistan dump like you slithered out of.
The Jews have fucked up the USA – foolish Irish descent peoples duped by the Semetic Jews and the Arabs own 6% of USA …… Schiff is 1 of a million who has sense. You dopey stupid Yanks. Gung Ho people. Killing Vietnamese and Iraqis and Afghans – Osama Bin Laden will herald the destruction with haste. What a time to destroy US might – Fake Might
China has more gold in the ground than any other countries in the world. In a new report. China gold companies are not for export, they mine it and keep it within the country.
Welcome to America Wok!! you want shrimp fried rice with that? No looky, looky, you pay now!!
those gold reserves are long gone!
Boy…does he ever nail it here.
testify Pete!!
Hey, why is this video not up anymore…?
Which part is weak? The part where their dozen carrier groups dominate the high seas?
There is something to say for their monetary/fiscal police being screwed, but calling them a paper tiger is ridiculous no matter what standard you go by.
How will they pull the plug? If they sink the dollar all their foreign reserves become worthless, and the US is left with the largest reserve of gold (or at least what’s left of it?) in fort knox.
You furthermore ignore how big a powder keg China really is. Too much instability and it could fracture into a dozen different countries and civil war / revolution. The rulers of China know this, and so they won’t rock the boat.
This guy is a juggernaut
I agree. The US is a paper tiger – appearance of strength or power but is actually weak or ineffectual.
China should pull the plug on america. Then take over as world number 1.
Because they didn’t want to believe it, they were living in some kind of fantasy, its kind of this mass mentality of greed.
Some people are going to be saying this again, because this “crisis” hasn’t even hit us yet, remember 70% of GDP is consumption, AND the Debt to GDP level is STILL 64%, so when consumption reduces in this crisis, DEBT to GDP is probably more accurately exposed to something like 250% or even higher, and since we don’t have the infrastructure to work.
The most amazing thing of this guy is that he is just talking with common sense. Everyone can understand this. But why on earth nobody saw this coming?
Right after 9/11, Americans seem to have lost the plot. They elected George Bush who doubled the national debt and then they buy houses thinking they didn’t have to work anymore because the house was like some sort of money tree. Learn from your mistakes.
Fair point, but dividends are real. It is money in your hand. It’s an easy way to figure the value of a stock. If you buy small cap or growth stocks then you may make a mistake about the future or the company may squander the money e.g. on executive wages. There’s nothing wrong with growth stocks but dividend stocks are safer.
hmmm… tokpu?
This man is a breath of fresh air, but I disagree with his comment at 8.55 about dividends. Quote “If you don’t get a good dividend, then you’re overpaying for the stock”. There are many quality companies out there that retain dividends to further grow the company, and pay minimal dividends. These companies will grow more than a 7,8 or 9% dividend. Its not all about yield, ask Warren Buffett.
Im so happy that i am still 21 and got to listen to Ron Paul, Peter Schiff, Jim Rogers, Rothbard, Mises and god bless the internet
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these set of videos are so important, the ppl in that room are so blessed to get this information!!! I bet at least 80% of them took this and did not end up as bad as the rest of the mortgage brokers and agents. The base line is that everything in the world is a balance and when there is a lot of something at a place, that same thing is decreasing at the same rate somewhere else…
clap clap, 8:20 mark. very cleaver