Nov 2006 Peter Schiff Mortgage Bankers Speech Part 5 of 8

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In 2006 Peter Schiff tells over 1000 mortgage brokers they are about to be out of jobs. Watch how he completely nails the coming real estate/mortgage debacle before anyone else even realized it was coming.

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thats bullshit. cra ... ( 2 months ago by e30m3izzle)

thats bullshit. cra mortagages account for a small number of failed subprimes

Christ, a bunch of ... ( 2 months ago by ChipsShot)

Christ, a bunch of mental midgets.
List your ludicrous source so I can shoot it down.

Actually Paul alone ... ( 2 months ago by waluum)

Actually Paul alone could not disband the federal reserve until he had enough consensus in Congress to pass a law to do so. His best bet in the meantime would be to make Schiff the chairman and have him slowly dismantle it however he was able to.

@waluum. What a lot ... ( 2 months ago by addiktion13)

@waluum. What a lot of people fail to realize is that the Federal Reserve isn't just in the United States. Supposedly the United States Federal Reserve regulates other countries federal reserves, etc but assuming we annihilated the Federal Reserve it would have a global impact on a major scale.
Unfortunately I don't think we will see the Federal Reserve disappear unless we globally crash and realize the Fed was the culprit. Even then they are so sly they might point finger the other way.

I bet most of the ... ( 2 months ago by josheek1)

I bet most of the recent comments are from people who saw this on Digg ;)

Not to mention that ... ( 2 months ago by a012345)

Not to mention that we would have to pay off the debt completely to dismantle the central bank like the Federal Reserve. Look at history, Andrew Jackson did it to the Bank of US but after we paid off the national debt. 10 trillion....I doubt we can pay that off anytime soon. Just 750 Billion is 3k per citizen of US. Just imagine 10 trillion and counting.

uh, he nailed it. I ... ( 2 months ago by AllHailDiscordia)

uh, he nailed it. I hope Obama hits him up for advice.

Just after the 8- ... ( 2 months ago by sonofaglitch2)

Just after the 8-minute mark is sheer genius. Not only was Peter correct, but some homes couldn't even find buyers when they were given away for FREE.
Incredible.

FYI people, Schiff ... ( 2 months ago by buff001)

FYI people, Schiff was one of RON PAUL's economic advisers... I highly doubt he will be working for a socialist like Obama...

I could be wrong ... ( 2 months ago by waluum)

I could be wrong about this, but I believe that the federal budget was around $2.6 trillion this year. It could be possible to cut spending enough to use the amount we save to pay off the internet on the national debt, then it would probably take at least two Presidential terms to pay off the debt as it sits now. Again, I could be wrong.

You're assuming ... ( 2 months ago by a012345)

You're assuming we're not going to spend one dime from that on. You also have to consider the interest that's ticking daily. We're barely making interest payments already. What would you cut from the federal budget also? That's like saying a person not to pay rent or eat for years to pay off their credit card. We have another debt to pay off called social security. It would take way longer than 2 presidential terms to pay off this debt. There is no easy fix. US's empire is dawning as we speak.

There's nothing ... ( 2 months ago by bcrscahh198987)

There's nothing special about knowing this stuff in 2006 (things were already in free fall in 2006, just that mainstream media havn't picked up).
If this guy foresaw this crisis in 2004, it would be more amazing.

*interest, not ... ( 2 months ago by waluum)

*interest, not internet :)

You may be right. ( 2 months ago by waluum)

You may be right.

Perhaps, but take a ... ( 2 months ago by Chieftain1776)

Perhaps, but take a look at his expert opponent in video 6, Dr. Barry Asmus who "has been named by USA Today as one of the five most requested speakers in the United States" and is "a Senior Economist for the prestigious National Center for Policy Analysis"

he did so in 2002.. ... ( 2 months ago by yetzoz)

he did so in 2002... search "peter schiff 2002" and watch the interview

Some of these ... ( 2 months ago by nicegurl112)

Some of these comments on here are crazy... but none are as beautiful as my videos!

Have you ever ... ( 2 months ago by ngonea)

Have you ever wondered why we pay three times the cost of a home to own one home? The banks loan money they do not have thru fractional lending practices, and the Gov. approves that practice. There is a great video that expl's this: "Money as Debt" also "Global Imbalance, Imminent Dollar Crisis", Construction co started doing their own financing, but there was over production, they over built, many empty homes and condos all over America, rich cats will buy up the excess, like 1929, all planned!

It's pretty funny ... ( 2 months ago by a012345)

It's pretty funny that they lend you something they don't even own or have in existence but you have to pay them back actual money but more than the amount supposedly that they lent you. There is a reason banking is so profitable. Selling nothing physical or actual services but get multiple times of what they promised to lend out. The people that oversee them are the people that get funding their elections, it's a full circle.

just listen ( 1 month ago by hupatrick1)

just listen

Everything you say ... ( 1 month ago by zenmachinefilms)

Everything you say is sound, except Social Security is not in debt (today), the federal government actually uses SS surpluses to help keep deficits down when budgeting.
But that is about to end very quickly as the baby boomers retire. The bubble Peter talks about is completely accurate, but it's going to be compounded over the next 25 years as the national debt quintuples paying for SS and Medicare for retirees. Search YT for David Walker to learn more.

there are a lot of ... ( 4 weeks ago by trxtan1)

there are a lot of squatingz here in da pinas...

We need guys like ... ( 3 weeks ago by BarkingDragon)

We need guys like this helping the government fix this mess. Instead we have the same jackasses "fixing" the problem that made it.

thehelpfund.blogspot ( 2 days ago by mannyfeseha)

thehelpfund.blogspot

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