Nov 2006 Peter Schiff Mortgage Bankers Speech Part 7 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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Lol…. Thy probably cancelled the fucking conference because their little association went broke. Lol…..
I guess they didn’t invite Peter again?
Peter Schiff was so right!!!
Barry whoever was so wrong…
i think barry took a cheap shot at peter there, and he missed…
lol “he’s selling to the book!”
totally right though.
2009 Peter has officially won the debate.
Barry has lost.
Barry couldnt keep on topic!
Good call Barry. You got 100% wrong and Peter was 100% correct. Wonder if you came back in 2007 2008 to explain yourself? Automobile companies…going BK, Mortgage Co. banking….going BK. Dollar value sliding daily. Home prices down by 50% in many areas. Thanks Barry but I’ll be taking my buy/sell signals from the guy that was spot on and has been for years.
this economy is hummmming!
The tragic juxtaposition of Barry the clown with Peter the prophet is striking!
ya sure they why everyone on this planet are millionares. Lol
You can predict the future by looking at what’s going on.
Barry the joker: with a personal attack; peter is upset; peter has a personal agenda!
boy, that guy Barry is a complete idiot.
@3::40 you can prove anything with statistics and peter is personally biased. Ugh. Post-modernist commie cock sucker. The complete lack of moral values like this is exactly why Americans have no problem letting the Feds run amok.
what are we looking at home to go to a million dollars a unit?? who can afford that??
LOL! All u need is common sense mate
7:23-7:30! HAHAHA!
The old guy is wrong, but who can blame him.. most ppl thought it was a bull market. Oh well Peter Was right as usual yep
No one can predict the future. No one knows where the economy is head now.
“Majority of stock brokers= joke”
Peter is not your majority stock broker k
can someone write to that talk show host who invited Art Laffer back? Ask him to invite this Barry guy back.
did that author guy slit his wrist?
I guess that drunk countering Peter’s argument is in the gutter now. what a fool
This guy who asked a question should slit his wrist anyway for being sarcastic. He is in the real estate business and he simply did not like what he heard.
With regards to Mr. Schiff’s opponent is his specious accusation that he is only motivated by his need to hype his company. Talk about the pot and the kettle. A huge reason behind the real-estate collapse was the repackaging of sub-prime mortgages as triple AAA. Who did this assessing? People who got commissions for their assessments. An accurate assessment (that these mortgages were next to worthless) meant no one commissioned your company. Now, that’s an actual comflict of interest.
I recall a investment broker on PBS’s NOW who took clients out to these houses Mr. Schiff is referring to. He showed them the uncollected junk mail on the front porches and the empty streets. They then realized why his company was not participating in this real estate speculation. The small bit of good news is that poor people’s rent may take a nosedive lowering their cost of living. But if you haven’t got a job…well, it small comfort.