Peter was better at describing what happened in the financial crisis before it actually happened than any of these analysts were after all the dominoes had fallen.
@@zacharymelanson1338 MSNBC and CNBC did the same thing. They were all idiots and they still are all idiots. He tells them the same thing today and they say the same shit
It takes a strong man to stand with a straight face when being laughed at for what he knows is the truth, imagine the self-satisfaction Peter got in 08/09 knowing that those idiots finally learned they were fools all along.
("What artificial lending standard?!?"- Mike Norman in 2006 regarding home lending standards.) That one line basically sums up this guy's ability to think.
So Peter was basically one of those guys in The Big Short hmm, Its so funny watching them laugh at him and having him look like a crazy person. very interesting
The Hero we need but don't deserve. Peter David Schiff, you have truly been an inspiration to me over the years. I used to despise economics, but that was until I discovered you and Ron Paul. Now, I have a newfound love for economics, and devour literature from the likes of Mises, Hayek, Rothbard, Menger, Hazlitt, Friedman, Ron Paul, and of course The Maestro himself... You. I am forever grateful to you for showing me the light.
Incredible! I learned so much on economics from Laffer and Moore and now to see them embrace more Keynesian economics is sad. Peter has taught me wayyy more now. Thank you Peter!
i love how peter comes from a place of real solid knowledge and understanding of how economies work and all these other clowns come from a place of emotion, high hopes, and talking points.. that is the difference i see all the time, even to this day
Peter, after watching this, I bet you were shouting I.F.T.Y.S. when the 2008 crisis eventually hit. Its very difficult to have an opposing view to the herd, and shows a strong sense of character to maintain it, despite what the critics said.
The best part about this video is the total shock with which everyone responds when Peter explains exactly what is about tho happen. They literally have no idea.
This is great, what an expose! This really shows us tgat when it comes to prime time commentary, there is an awful lot of folks with their heads up their ass. Excellent stuff Peter, keep em coming.
I got goosebumps after watching this video. This is exactly how people are speaking now. Peter talking about a recession and people going against his argument. The government keeps says that they are in best shape since last recession and everything is great. History is repeating itself.
This made peter a legend..its 2019 he’s got a lot of invitations from news networks, they still thought he might be hiding that crystal ball somewhere..
Those guys that laughed and laugh at Peter were beaten into dust. People should invest in spiral paper, because of all the apology letters these schmucks will be writing to Peter Schiff.
Peter, I have to laugh at Ben Stein recommending Merrill Lynch stock saying its a well ran business. If that were true, then why did Bank of America acquire it, which BofA couldn't really afford? I remember in mid 06 being a project manager for a big construction site development company. I was stressed out managing 4-7 multi-million dollar real estate development and industrial warehousing projects all the time. The average project site was roughly 50 acres consisting of housing sub divisions, condos and apartment buildings. I kept saying to everyone there were more homes than people to buy them and it can't last. What threw me for a loop though was all the illegal Mexicans coming across the border and getting minority type housing loans. As for Bank of America, I live in Ohio and BofA doesn't have any locations or offices in Ohio. So after they folded and went to Uncle Sam for a bail out, I was taken to court for $25K defaulted loan that wasn't mine. BofA tacked on an extra $25K. If anyone doesn't believe me, Google Bank of America Class Action Lawsuits. If you were or still are a customer then you know what I'm talking about. In short BofA got $65 BILLION in bailout and BofA began ripping off the America consumer to pick up the tab for them trying to buy Merrill Lynch. Although it was a lengthy 5 year legal battle, I came out on top. However when I seen and personally witness Uncle Sam not allowing big business to fail for poor and over blown business practices, I said grab your ass as we are in for a rough ride! You nailed it Peter and while I am not rich just yet both business should make me a millionaire in the next couple of years before the next big bubble pops... AGAIN., I LOVE recession as it gets everything back to realistic values! I purchased a $650K home back then for a mere $165 as well as I have some gold, silver, stocks, real estate in my growing portfolio.I started two business back then,a consumer protection firm and on in the health and fitness industry. Both are doing well and a business advisor who she is helping me to the next level of wealth recommend this video to me as well as your books! My hair is growing back and I am finally living the life dream of and stress free! Thanks Peter!
Wow, amazing.....in a fantastic way. I remember that time where everyone thought it would never end and the sky was the limit. Wild to see one voice of reason, speaking w/confidence and conviction while almost everyone laughed. Pretty mind blowing actually....
I was a real estate appraiser, l saw this coming, I know exactly why it happened. I did my last report in Dec 2005, liquidated my company, and traveled for 2 years while the meltdown took place. Just saying.....
Why are people so easily offended when you tell them that you aren't comfortable with a group of criminals signing your name on a bunch of bills on their behalf?
Nothing better then watching and listening to what Peter had to say as compared to all those other fools that now are pushing higher stock and housing prices once again. Time for stage 2 to begin.
It’s amazing that people can actually LAUGH at reasonable (and subsequently correct) analysis. You can mark your calendar 🗓 about every TEN years #recession
Government leaders would do well to consider this ( in private) and then ask Peter to come in on a panel to question the reasoning behind the economists advising them!
Don't stop informing the people of the real problems , a great show would be to get these same idiots on again to announce how wrong they were and are... Great to Have someone like you defending the people so THANK YOU AND HAVE A GREAT NEW YEAR
You know a guy is confident when he bets you a penny.
a penny of honesty
Brent Johnson and Peter Schiff bet sometimes golden coin.
LMAO
Ya and a letter that says he was wrong. I worked with a guy that has “I was wrong” tattooed on his chest from a prison bet. True story
Hows peter "ill bet you a lot more than a penny" 🤣🤣 hes the man peter.
Peter was better at describing what happened in the financial crisis before it actually happened than any of these analysts were after all the dominoes had fallen.
I'm really stumbled at how right he was.
Welcome to Fox News
@@zacharymelanson1338 MSNBC and CNBC did the same thing. They were all idiots and they still are all idiots. He tells them the same thing today and they say the same shit
PETER FOLLOWS THE AUSTRIAN SCHOOL. Notice how these mainstream dickheads try to argue with him, and notice WHO ENDED UP BEING RIGHT MOTHERFUCKERS!!!
Wow. The people that literally laughed at Peter really look like idiots. Well done Peter.
Washington Mutual was funny. went bankrupt
@@losttale1 Also Merrill Lynch got bought out by Bank of America because it was at risk of going under, lmao.
@@kevinswift8654 should of went under
Art Laffer owes you a penny.
The "penny lawsuit" is yet to come :D
Adjusted for inflation, that penny is now a million dollars =D
THE ORIGINAL ""SCHIFF WAS RIGHT" VIDEO HAD LIKE 10 MLLION VIEWS. THE GUY WAS FORCED TO TAKE IT DOWN.
I wondered why this doesn't have more views. Thanks for sharing.
Quite strange that the original was removed
3:26 "First of all, I have no idea what Peter Schiff is talking about." 😂🤣
"Merrill Lynch which is an astonishingly well run company" Ben Stein, Aug 2007 LOLLLLL
Went bust a year later and needed BoA to buy them out lol
Yep them and lehman brothers...totally competent financial institutions
Man this guy needs to get awards for his ability to continue explaining and talking while people are laughing and mocking at him. I COULD NEVER.
It takes a strong man to stand with a straight face when being laughed at for what he knows is the truth, imagine the self-satisfaction Peter got in 08/09 knowing that those idiots finally learned they were fools all along.
Peter Schiff Was Right: The Bitcoin Edition will be his Magnum Opus.
("What artificial lending standard?!?"- Mike Norman in 2006 regarding home lending standards.) That one line basically sums up this guy's ability to think.
He does seem a bit of a chiseled shoot first ask questions later overconfident but not much substance between the ears Chad type.
Lol the ENTIRE thing was an artificial lending standard...what a joke
I would love to see an "I told you so" edition of this.
Peter cares about the middle class to rub it in peoples face. Even tho he should be
This video explains why I follow Peter Schiff’s advice to this day
WoW, Peter you're the man, if we were in prison together and you dropped the soap, I'd pick it up for you. :-)
I know this is a very old comment, but I just saw it and it made me LOL
High praise right there.
lol made my day
So Peter was basically one of those guys in The Big Short hmm, Its so funny watching them laugh at him and having him look like a crazy person. very interesting
Very interesting indeed.
So Peter, did you get your penny?
StillTrying2Help Lmao!!!
He was on a joe Rogan podcast last year and brought it up that he never got his penny lol
He got more than a penny. Not from that guy though. He made millions when the market crashed.
So satisfying to seeing Ben Stein wrong haha
At least he's got Clear Eyes for his itchy watery eyes.
Yeah damn right ! Because he has a solid background in Mises Economics. Listening to Peter is a way to detoxify yourself from corporate media poisons.
I'm glad this video is enshrined on Peter's account here, but I wish we had better than 144p resolution to watch.
God, the personal insults in this clip are unbelievable and difficult to watch. Thank you, Peter, for your courage and reason.
These News corporations must've lobbied hard to have TH-cam take down the original video..
So beautiful, Peter earned. My respect and trust after 2008.
WOW! Art laffer... He probably cringes/cries everytime he hears the name Schiff.
Lol wake up in a cold sweat thinking about schiff
I think the average person in 2006-2007 wouldnt understand what he was talking about. The internet really made us smarter.
you think? I say a very very small percentage of people. This video's been posted 5 years ago and has only 138k views
The Hero we need but don't deserve.
Peter David Schiff, you have truly been an inspiration to me over the years. I used to despise economics, but that was until I discovered you and Ron Paul. Now, I have a newfound love for economics, and devour literature from the likes of Mises, Hayek, Rothbard, Menger, Hazlitt, Friedman, Ron Paul, and of course The Maestro himself... You.
I am forever grateful to you for showing me the light.
Incredible! I learned so much on economics from Laffer and Moore and now to see them embrace more Keynesian economics is sad. Peter has taught me wayyy more now. Thank you Peter!
i love how peter comes from a place of real solid knowledge and understanding of how economies work and all these other clowns come from a place of emotion, high hopes, and talking points.. that is the difference i see all the time, even to this day
The original got taken down that sucks.
Somebody who understand that there is a difference between wealth and money. It seems that very few current economists and politicians do.
The joker with the slicked back hair that keeps laughing at Schiff... Is he still in Real Estate?
I thought I saw him at his Estate sale. It was Real!
I like how most of the stock they recommended purchasing was from the same companies that got spanked in 2008.
Peter, after watching this, I bet you were shouting I.F.T.Y.S. when the 2008 crisis eventually hit. Its very difficult to have an opposing view to the herd, and shows a strong sense of character to maintain it, despite what the critics said.
If youtube used any less pixels and they'd be holding up colour cards and playing a tape
This is messed up, everyone’s laughing at him and turns out to be right. Could that be happening again now? 🤔
you bet!
Bitcoin
@@cosmosaic8117 everything*
let's just hope it goes up to previous levels before the mid-end 2022 so we can sell everything
@@YM-zf8mt That's not working out.
I was also one of those who made fun of this interview. And I ended up in bankruptcy. Today, December 2023, I realized how wrong I was.
I can watch this video over and over and over and over and over again.. awesome every single time.
This never gets old
Peter Schiff speaks I listen.
Pete I cant wait until the next one!
I wish I had every panelist's email from this video. Id send them said video, and laugh in smug satisfaction.
I never see ben stein around anymore, did he go broke, after investing in all those super awesome financials?
The best part about this video is the total shock with which everyone responds when Peter explains exactly what is about tho happen. They literally have no idea.
Part 2 is just around the corner folks
Just showed this to my wife, she had a good laugh. I hope there’s enough material for season 2.
Oh yea, there will be.
youll never have mainstream say something bad about the economy or stock market, etc. If they said the truth, it would instantly cause a huge crash.
Sad fact about it, they knew it all, they have just lyed.
Now it happens again...
Correct
gosh I had goosebumps. its like mr Schiff vs everyone else. thank you for being brave and sharing the truth with us peter
Plus he remains very calm. 😊
One of the many reasons why Austrian economics is THE economics (and why the mainstream SUCKS).
Those who are able to see beyond the shadows and lies of their culture will never be understood, let alone believed by the masses.- Plato
Peter keeps it real! So thankful to have him sharing his understanding with the public.
This is great, what an expose! This really shows us tgat when it comes to prime time commentary, there is an awful lot of folks with their heads up their ass. Excellent stuff Peter, keep em coming.
Looking forward to 2019-2020 edition
I got goosebumps after watching this video. This is exactly how people are speaking now. Peter talking about a recession and people going against his argument. The government keeps says that they are in best shape since last recession and everything is great. History is repeating itself.
this video is gold I keep it as a remainder of the level of expertise that is out there,Peter,Ron,Gerald are true canaries of our times.
If I were Peter schiff, I’d be watching these videos everyday… with a smirk on my face of course
This made peter a legend..its 2019 he’s got a lot of invitations from news networks, they still thought he might be hiding that crystal ball somewhere..
Still love it! I don't get why TH-cam would take it down.
Ha ha ha !
Art Laugher ain’t laughing NOW !! 🤣🤣🤣🤣
lol no no, I'm pretty fun at parties. I love peter schiff
its 2014 and the fed central bank of the USA still printing about 95 billion
each mo and has rates at 0
9 trillion missing from the fed 2008/2009
I see the recession hit this video quality real hard
I saw a video similar to this one on Pete correctly predicting the financial crisis a few years ago, been a student of his ever since 🙏🏿💰💲💯 #thankyou
Those guys that laughed and laugh at Peter were beaten into dust. People should invest in spiral paper, because of all the apology letters these schmucks will be writing to Peter Schiff.
Whats gets me the most is not that they disagreed with him but how sure of themselves they were.
Peter, I have to laugh at Ben Stein recommending Merrill Lynch stock saying its a well ran business. If that were true, then why did Bank of America acquire it, which BofA couldn't really afford? I remember in mid 06 being a project manager for a big construction site development company. I was stressed out managing 4-7 multi-million dollar real estate development and industrial warehousing projects all the time. The average project site was roughly 50 acres consisting of housing sub divisions, condos and apartment buildings. I kept saying to everyone there were more homes than people to buy them and it can't last. What threw me for a loop though was all the illegal Mexicans coming across the border and getting minority type housing loans.
As for Bank of America, I live in Ohio and BofA doesn't have any locations or offices in Ohio. So after they folded and went to Uncle Sam for a bail out, I was taken to court for $25K defaulted loan that wasn't mine. BofA tacked on an extra $25K. If anyone doesn't believe me, Google Bank of America Class Action Lawsuits. If you were or still are a customer then you know what I'm talking about. In short BofA got $65 BILLION in bailout and BofA began ripping off the America consumer to pick up the tab for them trying to buy Merrill Lynch. Although it was a lengthy 5 year legal battle, I came out on top. However when I seen and personally witness Uncle Sam not allowing big business to fail for poor and over blown business practices, I said grab your ass as we are in for a rough ride!
You nailed it Peter and while I am not rich just yet both business should make me a millionaire in the next couple of years before the next big bubble pops... AGAIN., I LOVE recession as it gets everything back to realistic values! I purchased a $650K home back then for a mere $165 as well as I have some gold, silver, stocks, real estate in my growing portfolio.I started two business back then,a consumer protection firm and on in the health and fitness industry. Both are doing well and a business advisor who she is helping me to the next level of wealth recommend this video to me as well as your books! My hair is growing back and I am finally living the life dream of and stress free! Thanks Peter!
Its inspiring to see Peter rasistance on this laughters. Its not only that he was right, he was also strong as f
What's more important is what Peter is saying now.
I love watching this after all this time.
Almost an eerie feeling watching this.
Rock Creek Farmstead Seriously wow
"I'll bet you a penny." = weak sauce.
"Truth is like poetry, and most people fuc***g hate poetry"
they laughed at him!!! Peter you’re the man!!!
Wow ! Very impressive when looking at this a few years later
You opened my eyes Peter!
Peter just demolished everybody in the room. I bet they just dismissed this video clip and don't want to see Peter again talking about it.
Wow, amazing.....in a fantastic way. I remember that time where everyone thought it would never end and the sky was the limit. Wild to see one voice of reason, speaking w/confidence and conviction while almost everyone laughed. Pretty mind blowing actually....
Respect to You Peter . You stand by Your research
I was a real estate appraiser, l saw this coming, I know exactly why it happened. I did my last report in Dec 2005, liquidated my company, and traveled for 2 years while the meltdown took place. Just saying.....
Awesome 👍
How does this only have 200k views? We really are a minority here huh
Thanks for the comedy Peter! Came here after your podcast recommendation.
Excellent "repost" of the very sad "reality".
That was amazing...
Peter was spot on with the Gold prediction to 1000 too
The guy's a maverick. Huge respect
One of my Favorite videos!
Ben Stein says buy Meryl Lynch and Charles says buy bear sterns lol
Why are people so easily offended when you tell them that you aren't comfortable with a group of criminals signing your name on a bunch of bills on their behalf?
OMG, This is so freaking funny!
Nothing better then watching and listening to what Peter had to say as compared to all those other fools that now are pushing higher stock and housing prices once again. Time for stage 2 to begin.
This is too awesome. I love when the "experts" are wrong.
I'm waiting for the next Petter Schiff was right 2017-2018.
I'll be using this video from 6:19 to 7:50 in my econ class final presentation next week.
What can one say? The proof is right there in front of our eyes!!! Great post!!!!
TH-cam has lost thousands of good videos by closing accounts for copyright or community standards reasons. They threw out the baby with the bathwater.
And here we are again....
It’s amazing that people can actually LAUGH at reasonable (and subsequently correct) analysis. You can mark your calendar 🗓 about every TEN years #recession
“I have no idea what Peter Schiff is talking about”...that’s for sure.
This really hits today 6-6-22. I wonder if Peter ever got that letter?
Government leaders would do well to consider this ( in private) and then ask Peter to come in on a panel to question the reasoning behind the economists advising them!
“I’ll bet you a lot more then a penny”
LOL I love how Schiff is saying the complete opposite of these people and they laugh at him. Silly
Don't stop informing the people of the real problems , a great show would be to get these same idiots on again to announce how wrong they were and are... Great to Have someone like you defending the people so THANK YOU AND HAVE A GREAT NEW YEAR