December 05, 2008
– Comments (3) |
RELATED TICKERS: FAZ
Both these videos have been posted before, but I just think they provide much wisdom.
Former Presidential Cannidate Ron Paul's Economic advisor, Peter Schiff video now has 797k views and the people, who laughed at him look like liars, fools or inept morons. Here it is:
My other favorite video is the corrupt Faux News laughing at Dr Ron Paul, and Dr Paul sets the Neocons straight.
For the most part Fox Business News typically promotes the market no matter how bad it is. It's funny how the people who disagreed with him must feel like a bunch of idiots. You can only watch them for entertainment value. I wonder if Ben Stein still owns Merrill Lynch. LOL. Peter Schiff called it correctly.I need to learn more about this guy.
He was also wrong in 2002:
and if you followed his advice and tanked up on EM equities you haven't done well so far.
he was just wrong in 2002 on the timing...the govt. just prolonged the inevitable.... if you would have followed his advice in 2002, you will still be ahead of the game as if you would have invested in the market at the time of that interview i 2002, you still would have LOST money... and ... by this time next year, you would have lost ALOT of money
none of our "wealth" our nation has generated over the past few years has been from "producing".. its been all consuming.... and now that consuming/debt bubble is being popped and normalcy will start to pervade reality