Peter Schiff Was Right 2006 - 2007 (2nd Edition)

tristramshandy3 Says:

Mar 11, 2010 - None of the things you mentioned matter if the consumer isn't knowledgeable and informed, and therefore able to make an intelligent choice that reflects their values and desires. I disagree with your analysis of consolidation- to me this is the heart of the dysfunction of capitalism- because by consolidating, you invariably open the door for corruption- companies that get too large will choose to simply buy off govt rather than conform to market desires. We see it today over and over and over.

soundmoneyfan Says:

Mar 11, 2010 - 1) Sure people need to be educated about the products they buy but people do that already, not as important as no reserve banking 2) That is why you need a gov't that doesn't spend a lot of money, so there will be no way for "companies that get too large will choose to simply buy off govt rather than conform to market desires." The reason we have corporatism is b/c the gov't is so huge that it gives the incentive for companies to use the spending power of gov't to make a profit like we see today

tristramshandy3 Says:

Mar 11, 2010 - "but people do that already" LOL. Seriously? Are you even TRYING to argue that the American consumer has a CLUE about the products they buy? LOL. Go to any mall and ask around- MOST American consumers are 99% clueless about methods of production, and every other aspect of business. This is more of an indictment of our corporate media system than the lack of education, but certainly that plays a crucial role as well. Have a great day. Life is fun!

soundmoneyfan Says:

Mar 11, 2010 - that is because 99% of the people don't give a shit. people put plenty of research in the flat screen tvs or cars that they buy. sure they don't research the under shirts they buy b/c that is immaterial to them. if they DO care than they will look into it. just like I only buy organic foods and very little things with corn b/c i care about what I eat. but if others don't and they want to eat modified corn products, who gives a shit? there is a market for that too! You may get it one day.....

BMBaccount Says:

Mar 11, 2010 - Couldn't I make the argument that competition breeds innovation and variety?

tristramshandy3 Says:

Mar 11, 2010 - You could try. Go right ahead. But, can you tell me I am wrong about competition inherently leaving winners and losers- the winners consolidating power then tending to become corrupt. I say tend to because I have seen it happen a thousand times.

jtw886 Says:

Mar 12, 2010 - Wow and how sickening is it that MSM heckles Peter and makes fun of him. This why I dont watch TV.

hyylo Says:

Mar 12, 2010 - RON PAUL and PETER SCHIFF are true americans. bush and obama should be put into jail. END THE FEDERAL RESERVE

blackAstro88 Says:

Mar 13, 2010 - lady is a talented and creative dancer/singer and she realy inspires me and i wont to be just like her!=) - "naked lady gaga DOT comm" heehee

LetFreedomRlng Says:

Mar 13, 2010 - Start saving and invest in local products and services. Stop buying the junk you don't need from china.

ed2276 Says:

Mar 13, 2010 - I agree. I used to watch the morning financial shows back in the day, and I thought all those who talked up the markets and gave investment picks knew what they were talking about. I know better now. The ONLY one I have seen get it right is Peter. All those other pundits didn't have the faintest clue as to what was coming and WHY it was coming. Why anyone would care what any of those talking heads have to say today is beyond me. They ought to be rejected outright. Peter was--and is--right!

TruthAxe Says:

Mar 13, 2010 - As Obama is the Socialist Joker, Art Laffer is the Economics Joker. He was oh so wrong. No one on earth should listen Art Laffer again. Ben Stein. Stick to Clear Eyes. You know schmuck all about money, banking, investing and economics.

jeremyraybrown Says:

Mar 15, 2010 - Wow, from 6:30 to 7:15 they're suggesting the worst financial stocks on earth to buy at the time their suggestions were made.

Pirate1014 Says:

Mar 15, 2010 - "I'll bet you more than a penny!" love ya peter schiff!

satanicaa Says:

Mar 16, 2010 - prophet win

ExhibitMan Says:

Mar 17, 2010 - "Might be a big year, but big losses" Peter for senate!

Nomaddictas Says:

Mar 17, 2010 - It seems that even the heads in USA are as dumb as a casual American looks like. Just care about their own asses, living in their own, one and the only respected world - USA. Well, greetings. It is obvious that once so called "American dream" has turned out to be something that every, at least a little bit politically and socially conscious man, would beware of.

thegreatestg Says:

Mar 17, 2010 - is there anywhere videos of the people who were laughing at Peter Schiff then, what they think now?

jbo5112 Says:

Mar 17, 2010 - Out of all the stocks recommended, Goldman Sachs is the only corporation still around. They're actually up a tiny bit, but it took a $10 billion bailout from the US Government and a $5 billion stock purchase from Warren Buffett. NASDAQ lost 1/3 of its value in 2008. Schiff recommended the exchange traded fund GLD which is up about 1/3.

jbo5112 Says:

Mar 17, 2010 - I should mention that Goldman Sachs is up slightly when priced in USD, but the shares of stock have less purchasing power now due to inflation.

dream2last Says:

Mar 18, 2010 - what a bunch of idiots except Peter shame on them the way they are deceiving innocent peoples

Tomminightmare Says:

Mar 19, 2010 - No wonder GS is still here, everyone in Washington is a former employee.

cleburne61 Says:

Mar 19, 2010 - Answer: they may not be laughing, but they're still not listening. It will take the entire United States crashing and burning for them to look up from the wreckage and finally see he was right.

38DSB Says:

Mar 19, 2010 - These stupid douchebags (not Peter) saying "Nuh uh! It's not gonna happen!" A-holes.

emkayenne Says:

Mar 21, 2010 - Still amazing to watch this video. I watched this for the first time in 2008 and it's still pretty impressive to listen to this guy.