Peter Schiff Mortgage Bankers Speech Nov/13/06
February 27th, 2010 | by admin |
My Mortgage Bankers Speech from Nov 13th 2006 is now in one video clip. I gave this presentation at the the Western Regional Mortgage Bankers Conference in Las Vegas. There were over 2,000 mortgage bankers in attendance. I also made similar comments when I addressed this conference a year earlier in 2005 at the height of the real estate bubble. For those people who said no one saw it coming, this presentation is a real eye opener. Let’s see if we can get this clip to go viral.
Thanks to a YouTuber called “csabasand” here is a full transcript: http://www.csaba.se/2009/09/26/peter-schiff-mortgage-bankers-speech-2006-complete-transcript/
also check me out on http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff
Duration : 1:12:41
25 Responses to “Peter Schiff Mortgage Bankers Speech Nov/13/06”
By residentzombie on Feb 27, 2010 | Reply
If anyone listened …
If anyone listened to Peter to short the sub-prime market, they made a fortune.
By residentzombie on Feb 27, 2010 | Reply
Which economic …
Which economic theory are you referring to? If you are referring to Keynesianism then you’re 100% correct. Economics is the study of citizen and government bartering. I suggest you look into Austrian macro economic theory as taught by Ludwig Von Mises.
By mattmcwax on Feb 27, 2010 | Reply
I hope Peter’s …
I hope Peter’s presentation of Austrian economics makes it easy for people to apply it to their own day-to-day lives and work. We have to fix it from the government end (raising interest rates, shrinking gov, etc) and from the personal end (tightening our wads, saving, building real productive and desirable skills, and getting off the consumption rollercoaster).
By mattmcwax on Feb 27, 2010 | Reply
@myfletcher – hope …
@myfletcher – hope your inability to keep up with the sub prime buyers helped you invest elsewhere. Thanks for your input.
By sonnybrown on Feb 27, 2010 | Reply
01:06:05 …
01:06:05 Woooooooooooooow. It hurts seeing someone fall on their face that hard! Peter pwns
By dikkydoo1 on Feb 27, 2010 | Reply
its amazing to see …
its amazing to see the resistance to peters advice, and i see the same today when hes on cnbs etc, people wont support what they dont want to hear…
By BeantownJim on Feb 27, 2010 | Reply
get rid of …
get rid of affirmative action banking and reinstitute sound policy regulation
By banquo60615 on Feb 27, 2010 | Reply
What part of this …
What part of this do Americans not understand? What part of what Peter is saying is so beyond comprehension?
And yet, politicians continue to prop up residential housing prices and voters continue to encourage them.
By mtb416 on Feb 27, 2010 | Reply
So is the …
So is the establishment just set up to keep guys like Schiff from fixing things or offering their council?
I guess it’s true that the really good politicians, aren’t politicians.
By myfletcher on Feb 27, 2010 | Reply
At 39:30 he talks …
At 39:30 he talks about sub prime borrowers deterining pricing on houses. That alone is so profoundly true.
I have been buying REOs for 20+ years. Back in the day, you had to have CASH to buy a lot of these bank owned homes. We paid cash and got a discount for it. When they started financing these deals the prices went through the roof. We cash buyers got priced out of the mkt by the idiots with sub prime morts.
Did this guy have a crystal ball or what????
By abuabu41 on Feb 27, 2010 | Reply
economics is a …
economics is a science that tries to rationalizing fraud.
By jjeeve5 on Feb 27, 2010 | Reply
Fortunately, Peter …
Fortunately, Peter makes Austrian macro economics very easy to understand.
By residentzombie on Feb 27, 2010 | Reply
You wouldn’t have …
You wouldn’t have listened. To truly understand Peter, you must understand Austrian macro economics.
By worldgoingtozero on Feb 27, 2010 | Reply
Hey Barry,
You …
Hey Barry,
You should apply for a job at Euro pacific “whatever” lol… Peter might let you get him coffee.
By liberationn15 on Feb 27, 2010 | Reply
Barry doesn’t seem …
Barry doesn’t seem so eager to have another debate with Schiff anymore. Gee I wonder why.
By lisajason111 on Feb 27, 2010 | Reply
omg 37:00 only if i …
omg 37:00 only if i heard these words 3 yrs ago…
By Panpiper on Feb 27, 2010 | Reply
I guess Peter and …
I guess Peter and Barry never did get back together for another ‘speech’ in later years, eh? Too bad, I’d love to see Barry deal with the egg on his face.
What kills me is how all those so called economists who were so wrong and who laughed at Peter while he was so right, are still to this day the ones everyone is listening to, and they still besmirch Peter.
By bgterra on Feb 27, 2010 | Reply
just watched a …
just watched a video of Mike Norman…. ROFL…but at the same time I felt sorry for him, cause it looks like M.Norman is losing it and probably out of job…
By MrCheckitout123 on Feb 27, 2010 | Reply
crazy, i wish i …
crazy, i wish i would have watched this video in 2006.
By K46620 on Feb 27, 2010 | Reply
Really a fantastic …
Really a fantastic video, these kind of people need to be running our government, Schiff for Senate 2010!
By offdaheez on Feb 27, 2010 | Reply
Hey Barry how do …
Hey Barry how do those words taste now?
By Seano71 on Feb 27, 2010 | Reply
He’s ahead of him …
He’s ahead of him in the latest polls. How does the election work there? He’s with the republicians, correct? How many seats are available?
By Seano71 on Feb 27, 2010 | Reply
Simple Simon. I …
Simple Simon. I hope my Taoiseach gets this and bothers his fat arse to look up Peter Schiff
By darnsmall on Feb 27, 2010 | Reply
this is one of the …
this is one of the funniest things I’ve seen in a long time. I almost get the sense that some of the people in that room were mocking Peter; just a little. So did they end up having a reunion this year like the good Dr suggested?
By gnuochtapir on Feb 27, 2010 | Reply
Spot on!
Spot on!