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Nov 2006 Peter Schiff Mortgage Bankers Speech Part 6 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.

Channel: News & Politics
Uploaded: July 22, 2008 at 12:19 pm
Author: EPAdmin

Length: 09:56
Rating: 4.99
Views: 10987

Tags: analysis  commentary  economy  mortgage  Peter  Schiff  

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Video Comments

caelarent (September 7, 2008 at 2:02 am)
Schiff's opponent here, whoever he is, must have gorged himself on his own words by now. Hopefully he found work after this debacle ... outside of the finance business.
70road (September 2, 2008 at 9:18 am)
I know a few people (family) with PHDs that are morons.
vicmac64 (August 28, 2008 at 12:24 am)
The idiot is the one who got it right - what does that make you fornello - smart? I don't think so given Schiffs prognosis hads come to pass....... Perhaps you were one of the unthinking ones?
fornello123 (August 15, 2008 at 11:43 pm)
durr who is this idiot reading stuff. quoting people doesn't make it true
eBobbio (August 5, 2008 at 12:23 pm)
They're all still there - I just watched them.
fredgt28 (July 30, 2008 at 12:04 am)
Boy, the other guy is bullish about the housing market "half of the homes have not being built yet for owners in 2030." Right....we have only 2 decades left, i dont think its gonna happen,
ashishum (July 29, 2008 at 8:10 pm)
what happened to Videos No 2,4,6,8? Till yesterday they were all working?Now they suddenly vanished?
Sentinel4truth (July 28, 2008 at 5:52 pm)
Peter is right in his answer to the first question! The whole Harry S. Dent demographic determinism argument for the housing boom was a fraud. It was purely a credit market bubble where a mania developed and there was no adult supervision.
Sentinel4truth (July 28, 2008 at 5:49 pm)
Hear hear!! The creation of the Federal Reserve system unleashed all of what we're experiencing today.
kaitenuser (July 28, 2008 at 4:38 am)
"oh a trillion dollars a year, where the hell the government is going to get that money?!"...now that is a tight quote
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