11/21/2008 Part 3/3 Peter Schiff: Markets Reacting To Nomination Of Tim Geithner?
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Duration : 0:6:9
25 Responses to “11/21/2008 Part 3/3 Peter Schiff: Markets Reacting To Nomination Of Tim Geithner?”
Those other guys …
Comment made on March 11th, 2009 at 5:40 amThose other guys are asleep at the wheel!
That lady is HOT …
Comment made on March 11th, 2009 at 5:40 amThat lady is HOT HOT HOT HOT!!! Good job, giving really depressing (but truthful) economic news with a HOTTIE onboard at least helps.
not always. Value …
Comment made on March 11th, 2009 at 5:40 amnot always. Value is placed on an object by the people collectively, or society. Wealth creation is not synonomous with printing money. If the biotechs came out with cancer and AID’s cures, value would be created. Economic growth. There would be more value to our society. Printing money devalues currency. Wealth creation makes the currency more valuable. I’m sending you a link.
None of those …
Comment made on March 11th, 2009 at 5:40 amNone of those examples count as creation of wealth only the potential for wealth creation. When Ford invented the car the only wealth created was what he could sell that car for. What created the wealth was the emby lines, factories, salesmen, and ultimate selling of thousands of cars. Can wealth be created? Absolutely it can… but not through a printing press. Furthur, when that wealth is created the effect is to lower prices which allows more people to have more.
wwooooohh wtf are …
Comment made on March 11th, 2009 at 5:40 amwwooooohh wtf are you talking about
where how should i speak chinese, whats required,
you cant just throw that to me LOL
move to china and …
Comment made on March 11th, 2009 at 5:40 ammove to china and make $3000 USD a week as a financial advisor in shanghai
“Value isn’t …
“Value isn’t measured by the demand vs. supply. It’s only a consequence of the sum of interactions of every individual who values or not one thing over another, not the cause.”
That’s demand. And there you go, wealth CAN be created. I rest my case.
Comment made on March 11th, 2009 at 5:40 amValue isn’t …
Comment made on March 11th, 2009 at 5:40 amValue isn’t measured by the demand vs. supply. It’s only a consequence of the sum of interactions of every individual who values or not one thing over another, not the cause. Value, by itself, is subjective. OF course if more people values one thing over another it’ll make only the ones who values most (and have the power to purchase) possible to have it. But it isn’t a thing based on demand vs. supply. If it were, everything would be marketable. Also, wealth isn’t created by innovation ONLY.
henriquevicente, …
Comment made on March 11th, 2009 at 5:40 amhenriquevicente, wealth CAN be created. Value is given to the object by the people and is measured by demand vs supply. INNOVATION creates wealth. When Ben Franklin utilized electricity, wealth was created. When the Wright brothers invented the plane, wealth was created. When Ford invented the car, wealth was created. When the internet was invented, wealth was created. Satellites, modern medicine…all that creates wealth.
Be smart, it’s not …
Comment made on March 11th, 2009 at 5:40 amBe smart, it’s not because things are cheaper that inflation isn’t there. Dude, prices (interests) go down as a result of the creation of even more wealth! Wealth isn’t a cake, it can be created or destroyed. Watch out before saying silly things like that.
im an undergraduate …
Comment made on March 11th, 2009 at 5:40 amim an undergraduate in finance right now.
im thinking of dropping off, wait untiul the market stabalize, read books while im taking a break you know, and getting back to my studies once the economy stabilize and sets new policies.
should i drop off this year> should i drop off at all? what should i do guys, i mean my field of studdy is pretty much disturbing righ tnow
Bubbles are the …
Comment made on March 11th, 2009 at 5:40 amBubbles are the result of outgassing…..
something changing states from solid,liquid or gas to one of the other states. Printing monopoly money is like a narcotic addiction.
To get the desired results(effects), you need more and more ….or you can stop..experience withdrawal and start over. The complication of the simple….it completely underwhelms me.
You were talking …
Comment made on March 11th, 2009 at 5:40 amYou were talking with my Uncle…he was showing me some Elvis Presley videos ….he might be able to understand what you just said…LOL….the only investing I have done is basically through my DRIP Plan and 401k
oh they do. I’ve …
Comment made on March 11th, 2009 at 5:40 amoh they do. I’ve sorted out through MANY “economists” and “experts” that I didn’t like because they were flat out denying the existance of any bubble to salvage the value of their “investments” aka real estate. There are so many people with no education who act experts but they couldn’t explain a price equilibrium to save their hind ends, but spoke with the same incentive-to keep their property values up. It was like a mafia. Even college professors did it. I thought the world went mad.
Well….if you …
Comment made on March 11th, 2009 at 5:40 amWell….if you haven’t heard of them….that probably means they dont exist.
If you’ve been …
If you’ve been investing for 20 years, according to your profile that means you’ve been investing since you were 5. Most 5 year olds couldn’t even spell DOW. :o)
I know many have been calling out this scenario, but they didn’t get the publicity in the mainstream. Most people who get economics, that I’ve met were calling out a bubble burst 8 years ago. These were graduates from reputable business colleges, not acclaimed economists.
Comment made on March 11th, 2009 at 5:40 amThe Safe Money …
The Safe Money Report….Martin Weiss…conservative…but solid analysis
Peter Schiff….I believe he is good…I am currently incrreasing my holdings in Oil stocks
The Kiplinger Letter…..solid advice
And I like to look at Mish Shedlock’s personal blog….it is free…and he is very accurate in his analysis…just type “Mish” into google search
These are the most accurate I get…..I have some others, but they are riskier
Comment made on March 11th, 2009 at 5:40 amno, the priting is …
Comment made on March 11th, 2009 at 5:40 amno, the priting is creating inflation. Not the same as a bubble. A bubble only happens when the price equilibrium is raised because demand goes up.
I would be …
Comment made on March 11th, 2009 at 5:40 amI would be interested to know the names of the good ones. I basically just started investing a couple of years ago.
He has made most of …
He has made most of the clowns on television look like idiots. However, I have been investing for over 20 years, and I subscribe to some of the top Financial Newsletters in the country. Some of them very good, and some of them not so good.
The good ones have been calling for this exact scenario for atleast 2 years.
Comment made on March 11th, 2009 at 5:40 amHe also admitted …
Comment made on March 11th, 2009 at 5:40 amHe also admitted that not everything he wrote in his book happened exactly the way he predicted. However, he has been astonishingly on point with his major predictions. Ask those other economists on the interview if they foresaw any of this.
What do you …
What do you consider a crash?
If you mean the stock market falling about 40% last year, then yes he did. And so did about 300 other economists.
He is a smart man, there is no doubt about it. He is also human, and has made some wrong predictions. Although he did say he thought his predictions would still happen, only at a later time.
Comment made on March 11th, 2009 at 5:40 amDid he not predict …
Comment made on March 11th, 2009 at 5:40 amDid he not predict the cras in the economy?
Lets call a spade a …
Lets call a spade a spade. He was wrong.
I am neither a fan or a hater of Mr. Schiff. However, some people have a problem admitting that the guy was wrong. He admits it, but his Youtube following seems to have a tough time coping with it.
Comment made on March 11th, 2009 at 5:40 am“the entire market …
Comment made on March 11th, 2009 at 5:40 am“the entire market is down. besides, schiff is a longterm invester, not a shortterm speculator. “
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