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
@abuabu41
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@abuabu41
Keynesian economics is a science that tries to justify fraud. Austrian economics has mathematical principles (the most basic a supply & demand curve). Keynesian theory would look at a looming demand curve and say well these don’t have to cross to get the BEP, just keep the supply curve going straight up, that will fix it. The important thing to know is there has not been a free market in the US since 1913 and that is a fact, not open to debate.
@1XMarksSpot
I …
@1XMarksSpot
I guaruntee you the threatened his family on the Air Force One flight. Look at his voting record in regards to foreign policy & the fed reserve. A couple weeks prior to the AF1 trip, he called it a bailout for the insurance companies & a complete sham. Then after 3 hours on a plane he does a complete 180? I’m not sticking up for him but there was definitely more than meets the eye in regards to that vote change.
@MiroGl
I’ve …
@MiroGl
I’ve learned more from listening to Peter Schiff’s lectures than I did with my 4 years of college………. and just to add, the university that I attended is ranked as one of the top 200 business schools in the country and I graduated with a 3.4
All the proof you …
All the proof you need about the shell game that our economy has become since 1970s
Fun to see that …
Fun to see that moron in the end saying that oil prices will go down and a year later the oil price had doubled!
Schiff FTW!
Such an epic speech …
Such an epic speech. This is probably the 10th time I’m listening to it.
This proves it. …
This proves it. Linda McMahon is a baffoon compared to Peter Schiff.
Peter Schiff has a REAL video archive of knowledge and truth.
This is the man we need in the Senate.
@1XMarksSpot – Well …
@1XMarksSpot – Well even before the healthcare bill. Take a look at his voting record; it’s an absolute disgrace. I’ve never really understood why people like him.
@offdaheez Pretty …
@offdaheez Pretty bitter I imagine lol
@readthepaper Upon …
@readthepaper Upon finding out that Dennis Kucinich voted FOR the health care bill – I’d have to agree with you, sadly.
@1XMarksSpot – …
@1XMarksSpot – Dennis Kucinich is a run of the mill socialist.
Can’t believe he …
Can’t believe he was right.
Vote Peter Schiff for SENATE!
Schiff for Senate …
Schiff for Senate CT.
@shira100 i spose …
@shira100 i spose u are one of thoes anti gun liberals?
Spartan, you are …
Spartan, you are the reason why our country is in such bad shape. It’s sad, please educate yourself.
When people aren’t …
When people aren’t saving, the banks can still make loans since they get deposit from the Fed. They can then lend out most of that deposit. We had years of no savings and still there were lots of loans – especially mortgages.
thanks for …
thanks for explaining .
Because banks loan …
Because banks loan to make money. They can’t make loans if noone is saving, and noone will save if there is no reward to. This is why 0.25% Fed fund rate is so bad for the economy and ultimately the Federal Reserve is responsible for all bubbles.
god we are so f* …
god we are so f*cked! please elect this man to the senate!
Peter often says ” …
Peter often says “only when consumers start saving can business start investing and start hiring “
Why does it follow that if people save,business’ will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode…it’s a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
Schiff for Senate
Schiff for Senate
Uh… No. As a …
Uh… No. As a matter of fact, Schiff himself studied economics. It just depends on HOW YOU APPLY ECONOMICS. Apparently, subprime lenders/borrowers and the Feds did not know how to stick to the most fundamental principles of macroeconomics while Schiff did.
The genuis Mortgage …
The genuis Mortgage banker association did not listen to schiff and purchased a massive commercial building to rent out and occupy as headquarters. That investment went south real quick and they short sold or got foreclosed on. Losers
@lisajason111 LOL
@lisajason111 LOL
@mtb416 “I guess …
@mtb416 “I guess it’s true that the really good politicians, aren’t politicians.”
True for the most part with the exception of Ron Paul, Dennis Kucinich, and a very few others =D