Nov 2006 Peter Schiff Mortgage Bankers Speech Part 1 of 8
Uploaded by: EPAdmin
Video Description:
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.
Tags for this video: analysis commentary economy mortgage Peter Schiff
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whoa!!!!!! good vid! vQ
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.
just watch the remaining videos.
Dream on buddy. America is fucked.
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.