Peter Schiff

[maple_leafs182]

http://www.youtube.com/watch?v=2I0QN-FYkpw

This is a collage of clips of Peter Schiff warning us about the recession years before it happened.

He is now saying that America will slip into a depression and they will have a currency crisis.
He is warning us again, should we not take his warning seriously.

[M.Dancer]

Given that he has been wrong more than he's been right, and when he was right, his clients still lost an amazing amount of capital...I would take his prediction with a grain of salt.

I note today that inflation had dropped yet again.

[Topaz]

Well, the real estate did crash in the US. I saw last night on TV, in Florida, a real estate agents having a bus to take people to see homes . One home the owners bought for over 700,000 and lost it, but the bank was getting rid of it for 250,000!!! US debt is in the TRILLIONS and I hope they are get their way out the mess but the "amero" may just be around the corner.

[bush_cheney2004]

...He is now saying that America will slip into a depression and they will have a currency crisis.

He is warning us again, should we not take his warning seriously.

No...if this be "depression"....I want more of it...not less. Overvaluations must be distinguished from real value.

There is little political will to change the underlying causes of the fiscal mis-management, and a default would technically solve a lot of long term problems for short term pain.

[punked]

Is this the guy who is about to lose to the WWF lady? Seriously?

[maple_leafs182]

Given that he has been wrong more than he's been right, and when he was right, his clients still lost an amazing amount of capital...I would take his prediction with a grain of salt.

I note today that inflation had dropped yet again.

Well he was encouraging people to buy gold when it was $300, if you listened to him you would of made almost 4 times in return.

Why would you take it with a grain of salt. He was warning us of the problem for years before it happened. He obviously understands what caused the problem. You should really see this through then fluff it of, this will end up affecting your life.

No...if this be "depression"....I want more of it...not less. Overvaluations must be distinguished from real value.

you're right, the recession should of been embraced but it wasn't.

The government shouldn't of got involved, they are just propping up the economy with stimulus money.

Spending more money and going more into debt is just going to make the problem worse.

Edited April 24, 2010 by maple_leafs182

[M.Dancer]

Well he was encouraging people to buy gold when it was $300, if you listened to him you would of made almost 4 times in return.

And if you kept leistening, you would have lost your shirt. He predicted that Gold would hit $2000 in 2009...

Why would you take it with a grain of salt. He was warning us of the problem for years before it happened. He obviously understands what caused the problem. You should really see this through then fluff it of, this will end up affecting your life.

It's like someone warning that there ill be an earthquake in the US in the future. Eventually they will be right.

He's basically a schill for his own brokerage, whose clients keep losing money based on his predictions.