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  1. #1
    Join Date
    Apr 2008
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    346

    Default Who should we listen to? Answer: Peter Schiff

    There are alot of people that have strong opinions on what will most likely happen in the World economy in the future, it seems everyone suddenly thinks they are an expert.

    Most of these so-called experts never saw the economic collapse coming. One expert who fought defiantly against all the others in predicting exactly what has happened so far is Peter Schiff. Despite ridicule from other economic commentators he steadfastly stood by what he knew would happen.

    Here is one such example, in December 2006 he takes on 4 other experts who derided him for predicting that housing prices would collapse in USA.


    From: http://www.youtube.com/watch?v=EoB4BS7CGAw

    I will try to track down other examples where he picked the collapse of Fanny and Freddy and other events, well in advance of them happening. He is clearly a guy that really understands the situation and has put his reputation on the line time and time again and been proven right.

    The scariest thing is if he is right yet again on his current predictions, as it would mean the USD collapsing under hyperinflation and a great depression. He is not alone in these views.

    Interested to hear from others and for people to post earlier predictions that he has made that have also been correct (or otherwise) and what he has predicted will happen that is still to occur.
    Last edited by Marc; 23-12-2008 at 05:09 PM.

  2. #2
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    Dr Chris Martenson has been predicting this since 03/04 as well.

  3. #3
    Join Date
    Apr 2008
    Posts
    346

    Default

    Yes good point. There are a few commentators that we should really take notice of in forming an opinion of who we should listen to in these troubled times.

  4. #4
    Join Date
    Apr 2008
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    346

    Default

    Schiff 6 years ago


    From: http://www.youtube.com/watch?v=B0XJu9l3Mfk

    Predicts USD declining against other currencies, commodity prices increasing, interest rates rising and a future share market collapse.
    Last edited by Marc; 23-12-2008 at 05:10 PM.

  5. #5
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    I'm watching that right now. Amazingly accurate, just took a bit longer than he thought.

  6. #6
    Join Date
    Apr 2008
    Posts
    346

    Default

    part 2 of this:


    From: http://www.youtube.com/watch?v=emvMqjtcO7o

    Investment in NZ real estate trusts in 2002, great timing to get in, especially for a US based investor when NZD was low. hope he got out again in time.
    Last edited by Marc; 23-12-2008 at 05:10 PM.

  7. #7
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    Apr 2008
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    346

    Default

    Here he is in 2005 saying.....

    housing lending standards too lax, housing bubble, all markets linked to the housing bubble, interest rates must increase (which they did prior to the collapse), government inflation figures are falsified (a whole other topic), problems with consumer driven economy.


    From: http://www.youtube.com/watch?v=a18pnPYOB84
    Last edited by Marc; 23-12-2008 at 05:11 PM.

  8. #8
    Join Date
    Apr 2008
    Posts
    346

    Default

    Oct '07, oil will go over $100 per barrel.


    From: http://www.youtube.com/watch?v=IlqNqGCQV7s
    Last edited by Marc; 23-12-2008 at 05:11 PM.

  9. #9
    Join Date
    Apr 2008
    Posts
    346

    Default

    Schiff against some idiots in 2006 and 2007.

    His opposition say merrill lynch and all the financials are a bargain including bear sterns, goldman sachs, WaMu. The dow was 13,000+ at the time.

    Schiff says stay away from financial shares, they will get hit and get hit hard. America needs to cut spending. Gold will go over $1,000. Can't get auto loans. Housing will collapse, mortgage market will collapse, no-one will lend to americans creating a credit crunch.

    http://www.youtube.com/watch?v=2I0QN...ext=1&index=35

  10. #10
    Join Date
    Feb 2008
    Location
    Wellington NZ
    Posts
    1,802

    Default

    Its been common knowledge for about 5-6 years in alternative investment forums and sites but not too many here seem to have registered that untill lately...

    click the financial sig theres stacks of Peter Schiff and many others in pod casts etc etc.

    I remember Schiff laying much of whats unfolded way back in 2005 on a couple of Jim Puplava interviews...

    Wanna buy a tin foil hat?



 

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