Posted on 11/15/2008 5:03:49 PM PST by wfu_deacons
Watch the video under the heading "Laffer was....wrong?" at http://cdrsalamander.blogspot.com/. Peter Schiff's analysis of the economy was uncannily on the mark. The source url is his website, good commentaries.
This guy knew exactly what was going down, but a lot of Freepers seem to hate the guy. I think that his predictions were viewed as “America-bashing”, and now a lot of the folks that hated him then just can’t get past those feelings to admit that he was right.
Also on that webpage is Peter Schiff’s new article: The Humpty Dumpty Economy. It’s worth reading.
Come on folks, we swallowed our pride and voted for McCain. It should be easier to accept that this man was right.
Follow the link on his page to The Humpty Dumpty Economy it is worth reading.
Where IS that oversight, anyway??
Bump
Very revealing video. All of the incompetent media clowns were sneering at Schiff, then in the next breath they were telling viewers that Goldman Sachs was a "great buy" at $175. GS closed Friday at $66. The guy recommending WASHINGTON MUTUAL telling us "the DOW is going 16,000.
In a just world, not a single one of these jerks would be allowed to give single bit of financial advice on TV, ever again.
The FReepers you mentioned sounded much like those in the video mocking Schiff. It took a crashed economy and a lost election to shut them up. Thankfully they have, finally, shut up.
Yeah, a lot of people called the guy an "eeyore" for being so pessimistic. But the guy was right, and if you're right you're not an eeyore. Hat tip to Schiff for being true to his insights when they were very unpopular.
BTW, Schiff seems to have been privy to the shenanigans in the financial markets that are described in the following article:
Wall Street's End Is Finally HereDon't know if people have read this article, but it's very good. It was written by Michael Lewis, who wrote the book, Liar's Poker. The article is very long, pretty complicated, but very informative. There were definitely a lot of shady things going on in the financial markets. Sadly, this will be used to discredit capitalism and free markets generally. I hope people can withstand the coming assaults on commerce and free exchange of goods. The marxists think this is their moment.
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