The Peter Schiff Mortgage Bankers Speech (November 2006)

In 2006, Peter Schiff made a very important speech to a group of soon-to-be-unemployed mortgage brokers. He laid out the groundwork of how America got into the huge mess that they are currently in and he correctly predicted the housing crash/credit crunch that we are now experiencing. Watch all 8 parts of the speech to get a good grasp of the current economic problems that we are facing. They were both predictable and inevitable. The problem was always knowing when they were finally going to hit. The delays are only going to make things worse. Enjoy.

Part 1


Part 2

Part 3

Part 4

Part 5

Part 6

Part 7

Part 8

Asian Stocks Fall Most in Six Weeks

Japanese Inflation Hits 10 Year High

N.Y. Sues UBS Over Auction Securities

America's Largest Savings and Loan Could Be Cut to Junk

Desperate Banks Selling the Family Jewels

Mexican Peso Climbs to Six Year High vs. Dollar

NY Times Special: America Drowning in Debt

Fertilizer Prices Increase 235% Over Past Year

Schwarzenegger Threatens Minimum Wage for State Workers

Mass Woman Kills Self Over Foreclosed Home

Back Half of the 500 Year Housing Hurricane - It Only Gets Worse

Newsweek: Why It's Worse Than You Think

No Bottom Yet for Ailing Financials

More Banks Skirting Failure

Ford: $9 Billion Loss

Wholesale Prices Soar in June; Sales Sluggish

Bernanke: Risk to Both Growth and US Inflation

Here Comes the Jobs Crash

Kunstler: Event Horizon

GM on the BrinkOil Falls $8

Oil Spikes Back Up to $145

Fed Closes Barn Door After Horses Have Escaped

The Biggest Transfer of Wealth in History

"If You're a Socialist, You Should Be Happy"

Not just dollars - American Lives Worth Less Today, too

More Banks Will Fail

Jim Rogers: Bailout Plan an "Unmitigated Disaster"

Former Fed Regional President Poole: Fannie, Freddie Insolvent.

US Foreclosures Rose 53% in June

Mish: Confessions of a Former Inflationist

Aden Sisters See Dow Falling to 10,000 or Lower

Fannie Mae, Freddi Mac Plunge on Credit Concerns

Bernanke: Fed to Extend Wall Street Lending Access

US Businesses Bankrupties Soar 33%

Kunstler: Where We're At

World Stock Markets Hit 21 Month Low

Siemens to Cut 16,750 Worldwide

Investors Anxiety Builds as Retirement Next Egg Shows Cracks

WSJ: The Credit Crisis is Going to Get Worse

Is This Economy Worse than Past Recessions?

As Inflation Soars, Elderly Face Starvation

Fed's Credibility on the Line

Fleck: Global Economy Won't Bail Out the US

European Manufacturing Drops as Growth Slows

Shares Tumble as Global Bear Takes Grip

How Bad Can it Get?

Forecast for US Workers: Gloom

US Service Sector Slump Rings Recession Alarm Bells

Modern Day Ghost Towns Appearing in West

Oil Nears $146

Another Banking Institution Predicts Problems

World Entering Danger Zone: World Bank

Nikkei Down for 11th Session in a Row!

Global Stocks Close Dismal First Half; Outlook Grim

BIS: Global Economy Could Face Deeper Downturn

UK House Prices Won't Recover Until 2015!

Fleck: The End of the Superbubble

Credit Card Crisis Next for America

Kunstler: Not Your Grandma's Depression

A Look at An Unsustainable Advance (Oil) and A Double Non-Confirmation (Dow Theory)

The Greenspan Gamble and the Rise of the "Super Fed"

GM Shares Near 54 Year Low

Chrysler to Close Another Plant, Reduce Output

Detroit's Mood Grim as Automakers Face the Brink

Remember What Happened to England's Once Thriving Auto Industry?