T Nation

Peter Schiff Predicts all this in 2006

Great vid. Reagan advisor looks pretty dim:

Laff just got pwned.

HOLY SHIT…

Can these guys get back together? The lulz… would be epic.

I’ve seen that but it’s fantastic

[quote]Beowolf wrote:
Laff just got pwned.

HOLY SHIT…

Can these guys get back together? The lulz… would be epic.[/quote]

There’s no way you could get Laff in the same room with Schiff now. I’m sure he has an enormous ego.

Peter Schiff rocks!

Good times!

http://www.youtube.com/watch?v=AXGOq-ys9Js&feature=related

[quote]PRCalDude wrote:
Great vid. Reagan advisor looks pretty dim:

Peter Schiff was also Ron Paul’s economic adviser during the latter’s presidential campaign. Peter Schiff, like Dr. Paul, is a follower of the Austrian School of Economics (www.mises.org) and encouraged his clients at Euro-Pacific Capital to vote for Ron Paul during the primaries, for Paul also predicted the outcome of the present crisis with stunning accuracy.

It is obvious that Dr. Paul isn’t as “out of touch” as his detractors had previously and erroneously assumed. Peter Schiff, like Paul, was insulted and ridiculed ( http://www.youtube.com/watch?v=60CLQse27p8 ) for his viewpoints regarding the state of the economy two years ago.

Been paying extra attention to Schiff’s articles lately. Thought this was a good one. The main point I take from it is:

Government intervention (no matter how good the intent) in the market inevitabley leads to unintended consequences. But, we don’t learn. So, now we intervene more to counter the consequences of our previous actions, compounding the problem.

http://www.washingtonpost.com/wp-dyn/content/article/2008/10/15/AR2008101503166.html

Sloth,

Interesting. Did you see 2Blowhard’s piece on the financial class/political class collusion?

http://www.2blowhards.com/archives/2008/01/the_new_class_a.html

It pretty much explains why they got what they wanted. Democracy RIP.

[quote]PRCalDude wrote:
Sloth,

Interesting. Did you see 2Blowhard’s piece on the financial class/political class collusion?

http://www.2blowhards.com/archives/2008/01/the_new_class_a.html

It pretty much explains why they got what they wanted. Democracy RIP.[/quote]

Financial stuff makes my brain sieze up, I’m afraid. Outside of ideas which come across as “common sense” to me, I’m fairly ignorant when a financial/economics conversation becomes even moderately technical. Too many big words syndrome? I’m not proud.

I think what’s being said is that government has removed risk for some very generous donors within the financial class. These donors are then able to become filthy rich on what, in a true free market enviroment, would’ve been bad investments, assests, whatever. However, because of guarantees, bailouts, etc., what would’ve been far too risky becomes immensley profitable to the financial class, without much if any risk (too big to fail?). And in the end, the political class get their donations, and the mainstreet class pays the consequences.

[quote]Sloth wrote:
PRCalDude wrote:
Sloth,

Interesting. Did you see 2Blowhard’s piece on the financial class/political class collusion?

http://www.2blowhards.com/archives/2008/01/the_new_class_a.html

It pretty much explains why they got what they wanted. Democracy RIP.

Financial stuff makes my brain sieze up, I’m afraid. Outside of ideas which come across as “common sense” to me, I’m fairly ignorant when a financial/economics conversation becomes even moderately technical. Too many big words syndrome? I’m not proud.[/quote]

Same here, but I think I got the gist of what he was saying.

Peter Schiff at it again:

http://www.cnbc.com/id/15840232?video=890288520

He’s pretty dope. I’m invested with his firm.

Everyone should have his book “Crash Proof.”

[quote]belligerent wrote:
He’s pretty dope. I’m invested with his firm.

Everyone should have his book “Crash Proof.” [/quote]

Thanks. I think I’ll check it out. My dad is going to have to delay retirement now because of this crash, and it seems to me that we have them every 30 years or so, so I don’t want to bet my retirement money on a market that is so susceptible to government social engineering schemes.

[quote]Beowolf wrote:
Can these guys get back together? The lulz… would be epic.[/quote]

Not really. All you’d hear is denial and spin, spin, spin. Kids come clean about their faults. Adults don’t. Certainly not in public.

Here is a clip of Laffer being asked about the bet.
http://www.youtube.com/watch?v=z3WjgKUf-kA

Thanks.

Laffer should be dragged in for a tarring and feathering.

[quote]Sloth wrote:
<<< Government intervention (no matter how good the intent) in the market inevitabley leads to unintended consequences. But, we don’t learn. So, now we intervene more to counter the consequences of our previous actions, compounding the problem. >>>[/quote]

It’s like a psycho thriller/horror flick where you find out that every single player has been your enemy the whole time.

They see the cop or the priest: HELP HELP THEY"RE AFTER ME!!!

Cop or priest: Quick in here, I’ll save you. Only THEY’RE with THEM and every step of the way they always wind up being with them and have in fact orchestrated your whole path to lead right up to this point.

The only difference is in this flick the victims refuse to recognize the enemy and go happily skipping hand in hand with them tra la la down the primrose path to their own further detriment.

I really love how in every video whoever he is talking to calls him crazy or laughs at him, especially the ones from '06.

They need to get him back on shows with everyone who called him wrong, just to see what bullshit excuses they come up with!