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Thread: Predicted recession: Peter Schiff was right!

  1. #1
    Hit By Ban Bus! AliceInWonderland's Avatar
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    Default Predicted recession: Peter Schiff was right!

    I'm sure a lot of you have seen this or heard about this guy lately. it's scary and sad to watch. and disappointing in the retarded talking heads of various "news" networks who can speak well in front of a camera and repeat what producers feed them in their ears, but are incapable of critical thinking and research on their own accord. along the lines of that jim cramer bullshit.

    [youtube]http://www.youtube.com/watch?v=Z0YTY5TWtmU[/youtube]

    [youtube]http://www.youtube.com/watch?v=2I0QN-FYkpw&feature=related[/youtube]

    I wonder what he made in gold! I wish I had invested in it back then; damn...*checking to see what I could have bought and what it'd be worth now*

    Gold 100 oz. (GC, COMEX): Monthly Price Chart

    oh, I see....
    Last edited by AliceInWonderland; April 20th, 2009 at 03:31 PM.

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    Elite Member MontanaMama's Avatar
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    God do they hate him. I've always wondered how people get so rich in the US (I wish I were one of them though) when we don't make anything anymore. I'm not in any way shape or form an economics student, but it just seems illogical.

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    Hit By Ban Bus! AliceInWonderland's Avatar
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    ^ I know, its seems so obvious now and he was saying it all along back to 2002. its so arrogant isn't it, which is something we're kind of known for unfort.

    i like this guys comment from youtube:
    ethericplane (6 days ago)

    God how I hate the fucking Media.

    The Illuminati has their arm up the Media's ass and runs their mouths like an ugly, yapping puppet.

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    Elite Member nana55's Avatar
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    Wow, he was right on everything. I've been hearing about the next big problem is going to be the credit cards. It makes sense. So many people use them for everything. glad we pay ours off every month. Also glad my husband is old fashioned and we had no investments and we own our house.
    If I can't be a good example, then let me be a horrible warning.

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    Hit By Ban Bus! AliceInWonderland's Avatar
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    it seems like you can't go wrong when you're financially conservative....

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    This guy's got a couple of books out...worth reading?

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    I don't know whether this guy is a genius, but the clip shows that so much of the business media were fools.

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    Hit By Ban Bus! AliceInWonderland's Avatar
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    I've been checking out his blog and will definitely give his advice a grain a salt vs. the not listening to any of the other assholes out there like I usually do.

    damn, just wish I went the gold route! fuck!! i remember I brought it up to someone I trust who has an extensive financial education and is conservative with their investments even told me to fore-go gold and buy stocks b/c they were at an all time low and this was a few months back like 6 or 8 months, and now! jeez, of course we all see the low is even lower...and today dropping again. i didn't take their advice and buy (thankfully b/c they did and lost so far...) but who even knows in this climate?!

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