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Thread: Peter Schiff was right

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    Default Peter Schiff was right

    Economist and fund manager Peter Schiff predicted the economic collapse in the US successfully. He's a voice worth listening to, predicting the long demise of the US.

    The proof in video clips below.

    [ame=http://www.youtube.com/watch?v=Z0YTY5TWtmU]YouTube - Peter Schiff was right 2006-2007 - CNBC edition[/ame]


    Well worth a look and great entertainment value.

    Any other vidoes or opinions on Schiff please post.
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    Politics.ie Member liamfoley's Avatar
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    It was no prediction, it was the implosion of the subprime market in 07, it was in the news back then, I returned to Ireland (despite complicated personal circumstances) because I knew it would be easier to ride out the worst of a recession in Ireland. Remember the dip in the markets late in 07? I just cannot understand why people didn't see it then.

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    Politics.ie Member 20000miles's Avatar
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    His hour-long speech at Mises U. is worth listening to:

    [ame="http://www.youtube.com/watch?v=EgMclXX5msc"]YouTube - Why the Meltdown Should Have Surprised No One[/ame]

    As well as the famous "Art Laffer owes Peter Schiff a Penny" video:

    [ame="http://www.youtube.com/watch?v=IU6PamCQ6zw"]YouTube - Peter Schiff - (Former Ron Paul Economic Advisor) Versus Art Laffer (Former Ronald McReagan Economic Advisor) - August 28, 2006 - Peter Schiff [Pimp][/ame]

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    Quote Originally Posted by liamfoley View Post
    It was no prediction, it was the implosion of the subprime market in 07, it was in the news back then... I just cannot understand why people didn't see it then.
    Except that, he predicted this in 2006...and also if you look back at other youtube clips you'll see predictions after the tech bubble burst in 2001, him saying that the Fed was just going to inflate another bubble with its lax easy money policy....and look what happened.

    The Laffer clip is hilarious.

    Is Dan O Brien the Irish Schiff?
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    Peter Schiff has a better track record that Nouribi (is that how you spell it). I always enjoy his talks, even though I would not subscribe to the libertarian views that he sometimes expresses.
    Fianna Fáil
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    Nouriel Roubini, NYU economist, rgemonitor.com
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    [ame=http://www.youtube.com/watch?v=0OKSrMWCw1k]YouTube - Peter Schiff vs Obama's Stimulus - 3-25-2009 on MSNBC[/ame]

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    Schiff was right... on many things. He overestimated European and Asian stocks, and how well Europe would do in the recession (though I think he is correct, in the long term, about the positions of the creditor countries like China - save a war)

    Quote Originally Posted by Eorna View Post
    Peter Schiff has a better track record that Nouribi (is that how you spell it). I always enjoy his talks, even though I would not subscribe to the libertarian views that he sometimes expresses.
    I relate.

    The strength of Schiff's track record, and Austrian economics, is in certain logical axioms, and its stance on epistemological issues (ie what can be known).

    However I don't agree with a truly laissez faire philosophy.

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    Peter Schiff update on the markets and government debt

    [ame="http://www.youtube.com/watch?v=QNtO_Muz7OU"]YouTube - Peter Schiff Video Blog May 21 2009[/ame]
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    Telling it as it is:

    [ame="http://www.youtube.com/watch?v=ucvJQ7PD0Xo&feature=player_embedded"]YouTube - Peter Schiff The Schiff Report Video Blog May 26 2009[/ame]
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