Nov 2006 Peter Schiff Mortgage Bankers Speech Part 1 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 before anyone else even realized it was coming.


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Why dishonest and " ... ( 2 months ago by alauc)
Why dishonest and "stupid" people are better SELF-ORGANIZED, than honest and smart ones?
Array ( 2 months ago by anujissexy)
hay hay hay. ;D
whoa!!!!!! good vid! vQ
I wish only white ... ( 2 months ago by abcdeuy)
I wish only white people were arogant. Unfortunetly this is not the case. You have to be totally stupid not to notice how arogant are most of political leaders in Africa. Of course great harm was done to Africa by white people but for last 50 years or so they were left on their own (mostly). This however didn't lead to substantial positive change. On the contrary most of the nations have much bigger problems.
U.S has had 232 yrs ... ( 2 months ago by ngonea)
U.S has had 232 yrs to fuck up their country, yet you say Africa a whole continent after being raped by western nations for 500 yrs, millions of their ppl killed and enslaved which = depopulation, then the west spreads IMF & WB loans with strings attached and the WHO spreads AIDS, they should be up and running in 50 yrs? your not stupid, your dishonest.
"the 5 chinese ... ( 1 month ago by chunhaylee)
"the 5 chinese would be better off just kicking the american off the island" That was harsh.... but I guess that's what's happening now.
Ha, left alone for ... ( 1 month ago by leeleehat)
Ha, left alone for 50 years? Rhodesia anyone? I don't think you could discount the ravages of imperialism even if they were "left alone" in recent history. The diamond trade today takes more than it gives to Africa. Even if you don't want to buy into the blood diamond image in it's entirety it is certainly evident of great economic disparity, again due to defunct economic systems that without the aid of militant imperialism in the past would not exist in the present.
God he's good. ... ( 1 month ago by IPTVBoyz)
God he's good. Compare this guy to the two socialist shills Obama and McCain...man we are in deep shit!
China is in the ... ( 1 month ago by stringbean9000)
China is in the crap too. many moved from rural areas to cities where they worked in factories. If the US stops buying a lot of goods those factories will close and those people become reliant on the govt.
It is more like the Asians plundered the island to feed the fat American and now the economy has to regrow. They gave up some of their self reliance and national interest.
Interesting to compare the 1870s Long Depression for how the US had a rail boom and the Chinese response at the moment.
although at least ... ( 1 month ago by stringbean9000)
although at least China has some savings and won't have to print ridiculous amounts of money.
He's full of it. ... ( 1 month ago by erikmartin2)
He's full of it. The GDP of the US is 14 trillion. The GDP of China is 3 trillion. In the appropriate analogy, the one American is producing more than 4 times the goods and services than the 5 Chinese put together. The idea of the US trade deficit ignores the reality that Treasury bonds and bills are exported products. Products that happen to be in extreme demand right now.
I dont see how ... ( 1 month ago by daizee106)
I dont see how anyone can think this man is full of it.He is obviously one man who understands exactly what has been done to us.But I do understand the denial.Noone wants to see the elephant in the room.Maybe we need to wake up before it is too late.If it isnt already
GDP = C+I+G+( ... ( 1 month ago by tooltalk)
GDP = C+I+G+(export-import) - in America, everything except for I (saving) is pretty high. In another word, the US $14T economy is driven by consumption, gov't deficit and imported goods, not by saving, manufacturing or export. Americans don't save anymore - they all have negative savings, $20-30K in credit-debts + long-term loans like automobile, college, in addition to their huge mortgages.
just watch the remaining videos.
Imports are a ... ( 1 month ago by sssssup)
Imports are a negative - they don't "drive" GDP.
Noone denies the ... ( 1 month ago by sssssup)
Noone denies the significance of the U.S. economy. The point is that (1) American consumption is unsustainable, largely because it is debt-driven; (2) American consumption comes at the expense of present foreign consumption, hence the trade deficit. As an extreme example for (1), a beggar could previously get a loan to buy a $1m sportscar, thus adding $1m to GDP. Obviously that's flawed.
ok, "characterized" ... ( 1 month ago by tooltalk)
ok, "characterized". Are you happy?
is your IQ negative ... ( 1 month ago by trxtan1)
is your IQ negative or something?
No only denial is ... ( 4 weeks ago by nep808)
No only denial is the problem, some people are too stupid to see reality
And what goods are ... ( 3 weeks ago by CeoOfKFC)
And what goods are they producing for export?
Dream on buddy. America is fucked.
Are you in reality? ... ( 3 weeks ago by seanannapolis)
Are you in reality? Examine what GDP is and how the numbers are formulated, to include inflation rigged inflation figures, and then revisit your stance on our GDP.
Furthermore, we are ... ( 3 weeks ago by seanannapolis)
Furthermore, we are a net consumer economy with a small and shrinking productive base. Our debt as an export to be proud of is a fallacy; our debt is worthless and our creditors are slowly figuring it out and are trying to figure out how to dump us as they receive devalued dollars in payments. The rally in the US dollar will end as soon as the flight to perceived safety is over (IE deleveraging is over) ad we are in for a collapse in the dollar and rapid price inflation of consumer goods.
Yep. This is the ... ( 2 weeks ago by 00587649)
Yep. This is the world today. Sheer madness
Array ( 1 week ago by myrelative)
a product?
that's funny, I always thought selling a bond to china meant borrowing money from china. how's that adding to the GDP? except of course that you can inflate the GDP further by spending the borrowed money.
what you're looking for is the capital account. which happens to be negative for the US too, but the current account is more relevant in this situation anyway.
Fallow Jim rogers ... ( 1 week ago by flagship21)
Fallow Jim rogers to singapore. He's has it right
thehelpfund.blogspot ( 3 days ago by mannyfeseha)
thehelpfund.blogspot



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