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Posted by Jerry on November 29, 2008
For the Sake of Justice
Watch this video about the economic crises to see how one man–Peter Schiff–stood his ground for years, against public ridicule, on national US TV networks, to warn the world about the subprime crises and the ensuing credit crunch. For the sake of justice, this video must be watched and then distributed.
HT: Noodlefood
This entry was posted on November 29, 2008 at 4:01 AM and is filed under Culture, Economics, Uncategorized. Tagged: credit, credit crisis, credit crunch, economic scenario, Economics, economy, finance, financial, global financial meltdown, gloom, markets, mortgage, subprime. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Steve said
Problem is… you can’t talk to people like the world could fall down on them. Either they just can’t fathom what they would do in such a situation, or they don’t want to. As you can see from this video, until it has happened you’re just a pessimist who is extremely unpopular at parties and largely ignored; afterwards you’re a dick for saying I told you so. Hopefully this kind of thing will open the field to a little more clear-headed debate.
Thanks for the video.
thetbones said
Wow! That’s incredible!! The dow at 16,000? It’s at practically half that now. Invest in WM? They collapsed!! It’s amazing how far off everyone was at how big of a deal this subprime mess is.