Schiff was right on- in a very big way on virtually every front. Staggering. The "experts" push Goldman, Merrill Lynch, and Washington Mutual. Wow. What's sadly amusing is the way he is laughed at.
Watch the whole thing!
As I sat in bewildered amazement, I took a big gulp and my blinded eyes were frightfully opened- wide indeed! Who is this genius prognosticator, Peter Schiff? I ain’t the brightest bulb in the box, and hate to admit, never heard him before Tony’s Amazing Predictions clip, but maybe more self-confessing, never wanted to listen either. Look who isn’t laughing now? All of us.
You've gone Lib! You yourself just a month ago talked about this "so-called" downturn. Our president has repeatedly assured us the economy is fundamentally strong. Schiff is a left-wing extremist who talks about production and capital, when consumer confidence is all that matters, faith that a sovereign God will never allow anything to happen to his chosen people. Those people who were suffering the last three years because their high wage jobs got outsourced overseas only were being judged because of their sin. Paul Harvery, echoing Scripture as spoken by Eliphaz, made it clear in 2005 that anyone who was unemployed in this blessed economy was "taking a vacation". Reassert the Puritan vision, restore consumer confidence to the masses -- take out a HELOC, max out your credit cards. Spend, spend, spend. Prove to the world that George W. Bush is the greatest confidence man in history!
Do you think we could convince Anglican to buy a slightly used bridge?
I saw this video about a month ago in an email from Gary North. Sciff is explaining economics from the Austrian school perspective. For those who read guys like him, this is nothing new. North himself said to short the stock market last October if you are still in it. Sciff is also correct about the length of this correction. Laffer recently acknowleged his error & admitted that Sciff was correct. The government has been stealing by inflation & the Bible says that you will reap what you have sown.There is a whole lot of reaping yet ahead. STAY AWAY FROM THE STOCK MARKET!
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