They laughed at Peter Schiff ... but he was right!

"You are so negative..". You know how many times I've heard that the last two years? I sold everything except the house I live in. Stein is on medication, that girl is an idiot, and those other guys should be banned from TV by the FCC. To bad nobody cares. That is why we are in this mess.

Yeah I saw Peter Schiff throughout those times and I saw them laugh at him, made my stomach turn. Peter Schiff was spot on and those other people well whoever listened to them is regretting it now. I still listen to Peter Schiff and when he speaks I am all ears. Glad someone made a copy of all of this so Peter could be vindicated. I had to laugh at the part when he said "I'll bet you more than a penny". LOL

In retrospect, it is blatantly obvious that the corrupt entities, political nad business, have done their best to discredit those who have had the moral and ethical courage to speak out about the pervasive corruption . . . Even the VAST MAJORITY of Congress ignored those few Congressmen (Including John McCain) who tried to address these matters.

Some of these people (such as Ben Stein) were simply in obvious denial that such a debacle could occur . . . they simply rejected the "truth" as just being too extensive to be a real possibliity.

This merely unequivocally proves that we should always fully scrutinze those things that may negatively impact our society and our economy. "Hope for the best; but prepare (or be vigilant) for the worst . . ."

As they say; "Hindsight is 20/20 . . ." But there were many intelligent and insightful people who tried to get these matters addressed; but they were silenced and shuffled aside as being "unduly negative". And for the most part, most of the American people simply ignored the warnings and allowed the CORRUPTION to continue.

All of those Congressmen who lied and misrepresented the facts, thereby enabling this economic debacle to occur, should resign from their Congression positions . . . That includes Barney Frank (D-MA), Mel Martinez (R-FL), Ms elosi, Mr. Reid, Mr. dodd, etc., etc., etc. Instead, these INCOMPETENT and CORRUPT politicians are trying to remake their images now as "leaders" in the recovery" for the disasters that they were pivotal parties to. . . . I guess that is why they call it "politics".

pffft. I was saying this in 2004 when I saw houses go from $125k in an area by me to $225k in one year.

In college I saw the dotcom collapse from a mile away. I even wrote two papers in economics detailing the collapse and how an over-reliance on Microsoft was going to cause the global economy to collapse.

Greed to often clouds the judgement of analysts. They also believe that they can influence the future to profit off it. Same thing with the National Association of Realtors. These morons, actually criminals, were trying to put forth the belief that a house should double in value every 10 years. They even told people in the 2006 market that thier house would double in five years.

You have to look past Wall Street to see where the economy is going. Wall Street is just smoke and mirrors. It is completely fake, there is not one ounce of reality in any trade. Nearly all P/E ratios are based on BS accounting and hidden debt and mega corporations have more in common with Hitler and Stalin than your good old 1950's main street retailer.

That is why Peter Schiff got it right. He saw that it was impossible for the average worker to afford a home in an area where the price doubled in two years. He saw that property taxes were becoming an even bigger killer to home ownership than this overvaluation.

People who bought thier homes 20 years ago were forced to forclose because property taxes in many areas cost them more per month than thier mortage. We are completely screwed unless we get massive changes in property tax and a further reduction of home values back to 1990's levels.

their education, vocabulary, popularity, disdain, or ridicule doesn't cover up any of these commentators lack of REAL INTELLIGENCE. The numbers are huuuuuuge!

Mr. Schiff may have been correct on his economic call but I sure would not wanted him managing my money. His performance of what I have seen is much worse than US indicies.