Nov 2006 Peter Schiff Mortgage Bankers Speech Part 5 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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I did this last year, wasn’t old enough to vote in 88.
I’m almost 18 and from what i know you buy a house and invest in it. You can’t invest much if you sell it within a couple of years.
Sentinel
YEP
Am I the ONLY one who voted (wrote in) Dr Ron Paul???? – I did so in 1988 as well.
I second your nomination. I wish Milton Firedman could come back and we could have a geniuses manage the economy.
We can’t pay for it all. IMPOSSIBLE. It is already time to start talking about bankruptcy.
I know plenty of those people
New house
new car
crap job
and crazy cool “shoppaholics” ooo its just so cute to be one of those!
Fools and their money are soon parted
My name is KiKi,and i was raped before i died.i used to enjoy the pain and now i inflict it on people.iwas trotured and raped until i could breathe no longer.Those bastards now suffer and die,and those who do not repost this 5 videos will die too
At the strike of 12a.m. ,those who did not repost this will die a horrible death after seeing a bllody face covered with long black hair
Those who repost this wil recieve a kiss from their crush
i didn`t wanna die,sorry
PAUL/SCHIFF 2012!!!!
At 1:50 Wow! 5 years ago all my single young female friendsbought home, in which many could not afford them.
now we know why he was so sure subprime will collapse. he backs his faith on his research and clear understanding
thehelpfund.blogspot
We need guys like this helping the government fix this mess. Instead we have the same jackasses “fixing” the problem that made it.
there are a lot of squatingz here in da pinas…
Everything you say is sound, except Social Security is not in debt (today), the federal government actually uses SS surpluses to help keep deficits down when budgeting.
But that is about to end very quickly as the baby boomers retire. The bubble Peter talks about is completely accurate, but it’s going to be compounded over the next 25 years as the national debt quintuples paying for SS and Medicare for retirees. Search YT for David Walker to learn more.
just listen
It’s pretty funny that they lend you something they don’t even own or have in existence but you have to pay them back actual money but more than the amount supposedly that they lent you. There is a reason banking is so profitable. Selling nothing physical or actual services but get multiple times of what they promised to lend out. The people that oversee them are the people that get funding their elections, it’s a full circle.
Have you ever wondered why we pay three times the cost of a home to own one home? The banks loan money they do not have thru fractional lending practices, and the Gov. approves that practice. There is a great video that expl’s this: “Money as Debt” also “Global Imbalance, Imminent Dollar Crisis”, Construction co started doing their own financing, but there was over production, they over built, many empty homes and condos all over America, rich cats will buy up the excess, like 1929, all planned!
Some of these comments on here are crazy… but none are as beautiful as my videos!
he did so in 2002… search “peter schiff 2002″ and watch the interview
Perhaps, but take a look at his expert opponent in video 6, Dr. Barry Asmus who “has been named by USA Today as one of the five most requested speakers in the United States” and is “a Senior Economist for the prestigious National Center for Policy Analysis”
*interest, not internet
There’s nothing special about knowing this stuff in 2006 (things were already in free fall in 2006, just that mainstream media havn’t picked up).
If this guy foresaw this crisis in 2004, it would be more amazing.