That moment when your knowledge of economics leaves you looking like a conspiracy theorist and alienated but you are hitting the nail on the head. Makes you wonder where the news stations go searching to find their "experts"
@@cat-le1hf who cares he claims he knows science but recommends unscientific medical experiments a lot of dumb people take his word as gospel because they thought his videos were funny in school.
When someone is calming telling you that the world is going to explode and they are backing it up with evidence, while another person is manically laughing at them, then you know something is wrong.
Same with people who are telling ua climate changeia anthropogenic and going to cause major issues, and the people who call them "alarmists". Its fair to be an alarmist when shit is about to hit the fan
Who is the histeric: Human-caused climate disaster. Who is calm: Deniers. As per your affirmation, the deniers are right. Thanks for endorsing a Scientific-backed position.
I didn't know the subprime crisis was so clear to some economists/analysts. Theoretical orthodoxy has done a great job by hiding and vanishing alternative positions on economic issues
To be fair, he predicted like 9 crisis's. Only two of which actually happened. It is like how Kramer of CNBC is always wrong, but if you throw out predictions enough, eventually one of them will be right you can capitalize on.
@@DaveSmith-cp5kj Peter Schiff: The crash I am talking about is the one when the dollar goes away. Smooth Brains: pEtEr PrEdIcTeD a BiLlIoN cRiSis'S (No, the ultimate crash he mentioned will be accompanied by mini recessions as the government tries to "fix it", but people do not listen)
I listened to Peter Schiff....was working for a Realtor in Spartanburg and could have got financing fort Sky High Price homes but said NOOOOOOOO. Bought my 2 story condo in 2009 after the collapse began for $17,000, a FORECLOSURE, now worth $179,000....Always listen to the guy who wants to help you for FREE.
Sadly he is right on the coming issues also, its not just a recession coming like the news are telling everyone. Notice how we are being told everything is fine, but the indexes are crazy and the debt rates are the worst ever with 10% cpi in alot of europe. Its a shit show, 80% of my portfolio is short now. If im wrong about this the system is so corrupt, the economy is a non issue compared to the state power over it.
wow great video! I've been listening to Mike Norman about mmt trading and this puts him in a worse light. Lots of respect to Schiff for seeing this coming.
Gotta love the whole "The worst is over. Everything is great! FOREVER." attitude. It's hilarious that they wouldn't even try to entertain the idea that Peter was right and analyze the data on the primes.
If you went to the Fannie Mae (FNM) board on Yahoo back then, everyone on that board was short Fannie Mae for the same reasons Peter articulated. So yeah, a lot of us knew.
Another person who predicted was Raghuram Rajan, perhaps more elaborately. He presented a paper on this some years before the crash in some conference and was too mocked and criticised by, if I recall correctly, Greenspan or some other criminal.
"he reiterates what jim rogers, marc faber, david walker the u.s compotroller was saying from 1999 2008 that a crash was coming." They never did & the only one who did was Dean Baker.
Don't make it sound like Peter was the only one or even the first one to predict the crash. Michael Burry, Steve Eisman, Jamie Mai, Charles Ledley???? Any bells??
That is the beauty of Science: Good Science (Austrian Economic Theory) predicts outcome with precision while lousy Science is at loss most of the time.
Has anyone here worked comic con the 3 day event ??? Selling tickets the 3rd day there’s a flood of tickets out there that’s what’s coming just saying peter tour a genius 💯
Very old video but a lesson to be reminded in the current state of the economy that many of these guests invited to business news shows are biased in their views even when there are obvious signs that suggest otherwise. I also wish these shows would keep score when analysts make extremely wrong calls in the market. They dismiss pending bad news and over sell speculation and it needs to stop.
You say "I also wish these shows would keep score when analysts make extremely wrong calls in the market."...there would be no one left to INTERVIEW.. When interviewed, just smile and pray you don't FART cause you for sure wont get a call back!
People make fun of Peter all the time because it's hard to time these things and it's the unusual condition, not the normal condition. So the experts can tout "business as usual" all the time and 95% of the time they are correct and this gives them more "credibility"
You will lose everything you own with that mentality. He is being proved right as we speak, and he does not say we have a recession coming, he says we will have a devt crisis that will destroy the dollar. He was right 15 years ago, he is right today
People simply don't understand. We are in another real estate bubble . Houses selling like hotcakes because "it will be mine day", or "It will have lots of equity one day" mentalities out there even thought the numbers just don't add up.
the more important question is did you watch the video as he spewing his fascist propaganda as blaming government for his misfortunes. Tell me when hyperinflation comes and gold is hitting 10k.
Peter Schiff is correct on one prediction, out of many predictions he was dead wrong about throughout the years, and some worship him like a god. Predicting the housing crash is like predicting the the sun will rise in the east, and set in the west.
+TheSatelliteCowboy He was correct on one MAJOR prediction that literally not too many other people seen coming! You're trying to down play him. And he doesn't just spout predictions, he teaches people on the benefits of a free market compared to the Keynesian wizardry policies. And he's worshiped because he teaches it in a simple manner that other financial experts can't seem to do lol...
+Josh Washington In 2008 Mr. Schiff predicted gold would hit $2,000 by 2009 and $5,000 by 2013 -Major Prediction by Peter Schiff, and...he was, WRONG!Mr. Schiff in 2009 "Oil prices had a pretty big run and might not make more headway by the end of the year. But we could see $150 to $200 next year" Another Major Prediction-He was WRONG again!!On the price of gold he said "Well I'm surprised gold is as cheap as it is given all of the money we've already printed and the money we're threatening to print. Over $10,000 gold could happen, there's no floor on the dollar, so there's no ceiling to gold". He was WRONG Again!!! I don't have to "Try" to downplay him, he does just fine making a fool of himself. LOL
+Josh Washington "And he doesn't just spout predictions, he teaches people on the benefits of a free market "-His, and presumably your relativistic definition of a "Free Market".
+Josh Washington "And he's worshiped because he teaches it in a simple manner that other financial experts can't seem to do lol..." - Dude, if you believe this then you need to get out more, LOL
***** What? Peter is well known for his skill to explain and inform Austrian economics to the everyday man in a way he can understand and that makes sense. There isn't too many other economists who can do that. If there is any you know of then please tell me who they are?
That moment when your knowledge of economics leaves you looking like a conspiracy theorist and alienated but you are hitting the nail on the head. Makes you wonder where the news stations go searching to find their "experts"
They're hired actors like those fake doctors like bill nye, dr phil, and that one fake actor cnn doctor forgot his name sanja?
@@AUSTIN-ss2zd Yeah bill nyes degree in the so called "cornell" means nothing.
@@AUSTIN-ss2zd bill nye has never claimed to be a doctor
@@cat-le1hf who cares he claims he knows science but recommends unscientific medical experiments a lot of dumb people take his word as gospel because they thought his videos were funny in school.
News stations sell entertainment, not wisdon or knowledge. Once you get it it is easy to understand where the comments come from.
When someone is calming telling you that the world is going to explode and they are backing it up with evidence, while another person is manically laughing at them, then you know something is wrong.
Same with people who are telling ua climate changeia anthropogenic and going to cause major issues, and the people who call them "alarmists". Its fair to be an alarmist when shit is about to hit the fan
Exact same thing that happen with Peter on fox business just the other day
Who is the histeric: Human-caused climate disaster.
Who is calm: Deniers.
As per your affirmation, the deniers are right. Thanks for endorsing a Scientific-backed position.
The greatest, "I told you so" ever
Peter Schiff had the last laugh. He may be the only one of us that survived this that did.
Fred harrison predicted this in 1997. Also Phil Anderson back in the late 90’s too
"Housing will go up 10% this year."..........Wow
Said like its a given.
That's low rate fever for you, we have it here in Sweden also.
@@jakw97yup like it was a known fact...instead it was destroyed to the brink of never coming back
This video should have gone viral. Instead we get Kony 2012.
@nossrep Right? Such a simpler time. I long for those days. Life was so care free.
@nossrep I will never forget buying a “pack” with a shirt and posters lmao
They laughed at this man
I trust the one who was calm and serious rather than some idiots who were laughing like a jokester
Schiff and Burry . . . Called it alright.
Steins call was a disaster
Stein switched sides. He was quoted in the blurb of one of Peter Schiff's books, where he admits he was wrong and calls Peter Schiff a genius.
He tried to warn us
Man, they were laughing at him. I would have love to see a video of them in 2009. So Peter can laugh at them.
He wouldn’t the fools already made a fool of themselves Peter on the other hand is a genius.
Thanks for posting, Peter Schiff realy had his head screwed on. I'd like to see an interview where the other (experts?) have to recall his show.
It’s good to be a divergent and stand your ground.
I didn't know the subprime crisis was so clear to some economists/analysts. Theoretical orthodoxy has done a great job by hiding and vanishing alternative positions on economic issues
Watch The Big Short movie - some people saw this coming and made a hit tonne of money off of the collapse.
To be fair, he predicted like 9 crisis's. Only two of which actually happened. It is like how Kramer of CNBC is always wrong, but if you throw out predictions enough, eventually one of them will be right you can capitalize on.
@@DaveSmith-cp5kj and hes a bear 99 out of a 100. So bulls laugh
@@DaveSmith-cp5kj Peter Schiff: The crash I am talking about is the one when the dollar goes away.
Smooth Brains: pEtEr PrEdIcTeD a BiLlIoN cRiSis'S (No, the ultimate crash he mentioned will be accompanied by mini recessions as the government tries to "fix it", but people do not listen)
I know this comment was 3 years ago but get ready for part 2 in 2024 😅
Its coming again!
I listened to Peter Schiff....was working for a Realtor in Spartanburg and could have got financing fort Sky High Price homes but said NOOOOOOOO. Bought my 2 story condo in 2009 after the collapse began for $17,000, a FORECLOSURE, now worth $179,000....Always listen to the guy who wants to help you for FREE.
Schiff was dead right on this one
Sadly he is right on the coming issues also, its not just a recession coming like the news are telling everyone.
Notice how we are being told everything is fine, but the indexes are crazy and the debt rates are the worst ever with 10% cpi in alot of europe.
Its a shit show, 80% of my portfolio is short now. If im wrong about this the system is so corrupt, the economy is a non issue compared to the state power over it.
wow great video! I've been listening to Mike Norman about mmt trading and this puts him in a worse light. Lots of respect to Schiff for seeing this coming.
You actually listen to that moron?
... condescending tone ... "What artificial lending standard are you talking about?" Mike Norman Priceless !
fck me, he even sounds like Michael Burry from Big Short
Gotta love the whole "The worst is over. Everything is great! FOREVER." attitude.
It's hilarious that they wouldn't even try to entertain the idea that Peter was right and analyze the data on the primes.
I hope the guys that were laughing got sacked from the show and never invited back?
Not in corrupt third world USA.
I love it when the scoffers end up being the idiots.
Stein is a schill for the banksters
"The one who is right one day ahead of others is considered an idiot for 24 hours"
MMT= magic money tree
ben stein from the fairly oddparents...
If you went to the Fannie Mae (FNM) board on Yahoo back then, everyone on that board was short Fannie Mae for the same reasons Peter articulated.
So yeah, a lot of us knew.
😂😂😂 Those Biznatch's weren't laughing a few years later.
"No one could have seen this coming"
Peter Schiff did.
Another person who predicted was Raghuram Rajan, perhaps more elaborately. He presented a paper on this some years before the crash in some conference and was too mocked and criticised by, if I recall correctly, Greenspan or some other criminal.
What a goat. Love this dude
steve keen also called the crash but for some reason he doesn't have an army of youtube followers.
"he reiterates what jim rogers, marc faber, david walker the u.s compotroller was saying from 1999 2008 that a crash was coming."
They never did & the only one who did was Dean Baker.
Those fools actually get paid for all this claptrap
Bueller?
Don't make it sound like Peter was the only one or even the first one to predict the crash. Michael Burry, Steve Eisman, Jamie Mai, Charles Ledley???? Any bells??
It's not what we don't know that hurts. It's what we know that ain't so.
Will Rogers
Love Peter
Idiocracy
Reminds me of the person saying there will be no soft landing in 2023 and being laughed at.
4 months to see this age like milk
@@danb1618
the yield curve inversion says early 2024 or so
and that's the average duration
that is funny as hella- they just be laughing out loud at Schiff
That is the beauty of Science: Good Science (Austrian Economic Theory) predicts outcome with precision while lousy Science is at loss most of the time.
Question is how will THIS bubble pop?
Has anyone here worked comic con the 3 day event ??? Selling tickets the 3rd day there’s a flood of tickets out there that’s what’s coming just saying peter tour a genius 💯
Very old video but a lesson to be reminded in the current state of the economy that many of these guests invited to business news shows are biased in their views even when there are obvious signs that suggest otherwise. I also wish these shows would keep score when analysts make extremely wrong calls in the market. They dismiss pending bad news and over sell speculation and it needs to stop.
It only means they don't really know how economy the economy works.
Old video? I remember it like it was yesterday......
You say "I also wish these shows would keep score when analysts make extremely wrong calls in the market."...there would be no one left to INTERVIEW.. When interviewed, just smile and pray you don't FART cause you for sure wont get a call back!
What's the problem? These guys are saying to buy in low.
The funny thing is that Mike Moron or whatever his name is continues to attack Schiff and discredit him
now watch his channel on bitcoin
Sounds familiar 🤔
deja vu 2023
People make fun of Peter all the time because it's hard to time these things and it's the unusual condition, not the normal condition. So the experts can tout "business as usual" all the time and 95% of the time they are correct and this gives them more "credibility"
Hes called a market collapse every week for 15 years...you may get it right once!
You will lose everything you own with that mentality.
He is being proved right as we speak, and he does not say we have a recession coming, he says we will have a devt crisis that will destroy the dollar.
He was right 15 years ago, he is right today
It's good to be in the tribe!Thank you Ben Stein :/
charles payne affirmative action economic pundit
These guys remind me of the Bitcoin community laughing and mocking Peter today...
Bitcoin shares the same qualities of gold, simply better.
@@austinbyrd4164 It doesn't, moron.
It reminds me peter mocking his son for bitcoin.
He hasn't been right on one thing since.
You look like a giant moron now....
S Silkwood he literally was right on the incoming recession of 2020...
Schiff has been crying wolf a lot since then though.
Fragile weak Peter Schiff lmao
His prediction came true though😂
Confuse that with Austrian fascist economics.
Did you even watch the video?
Norman fail
Ben Stein apologized to him, according to Peter. No one else, though.
Yeah because they’re probably homeless
He was right about the short term collapse but real estate has sky rocketed in the past 10 year post 2008 crisis.
The everything bubble
People simply don't understand. We are in another real estate bubble . Houses selling like hotcakes because "it will be mine day", or "It will have lots of equity one day" mentalities out there even thought the numbers just don't add up.
This operated exactly as he predicted. It would collapse then they'd make an even bigger bubble.
hahahaha...housing markets going to crash!!yeah right.......
the more important question is did you watch the video as he spewing his fascist propaganda as blaming government for his misfortunes. Tell me when hyperinflation comes and gold is hitting 10k.
What?
Wanting small, decentralized government = fascist
You're dumb
Well it was the “subprime mortgage crisis” and not “the entire Morgan system”, so his ideas about what caused it arecompletely off base.
Peter Schiff is correct on one prediction, out of many predictions he was dead wrong about throughout the years, and some worship him like a god.
Predicting the housing crash is like predicting the the sun will rise in the east, and set in the west.
+TheSatelliteCowboy He was correct on one MAJOR prediction that literally not too many other people seen coming! You're trying to down play him. And he doesn't just spout predictions, he teaches people on the benefits of a free market compared to the Keynesian wizardry policies. And he's worshiped because he teaches it in a simple manner that other financial experts can't seem to do lol...
+Josh Washington In 2008 Mr. Schiff predicted gold would hit $2,000 by 2009 and $5,000 by 2013 -Major Prediction by Peter Schiff, and...he was, WRONG!Mr. Schiff in 2009 "Oil prices had a pretty big run and might not make more headway by the end of the year. But we could see $150 to $200 next year" Another Major Prediction-He was WRONG again!!On the price of gold he said "Well I'm surprised gold is as cheap as it is given all of the money we've already printed and the money we're threatening to print. Over $10,000 gold could happen, there's no floor on the dollar, so there's no ceiling to gold". He was WRONG Again!!! I don't have to "Try" to downplay him, he does just fine making a fool of himself. LOL
+Josh Washington "And he doesn't just spout predictions, he teaches people on the benefits of a free market "-His, and presumably your relativistic definition of a "Free Market".
+Josh Washington "And he's worshiped because he teaches it in a simple manner that other financial experts can't seem to do lol..." - Dude, if you believe this then you need to get out more, LOL
***** What? Peter is well known for his skill to explain and inform Austrian economics to the everyday man in a way he can understand and that makes sense. There isn't too many other economists who can do that. If there is any you know of then please tell me who they are?
Peter Schiff never predicted anything.
You're a fool