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11 reasons America's a new socialist economy
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Thu Nov 13, 2008 9:34 pm    Post subject: Reply with quote

http://www.youtube.com/watch?v=B8r-nDBx5Jg&feature=related

http://www.youtube.com/watch?v=2I0QN-FYkpw&eurl

Kinda fun to watch.
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Mix1



Joined: 08 May 2007

PostPosted: Sat Nov 15, 2008 10:11 am    Post subject: Reply with quote

mises wrote:
http://www.youtube.com/watch?v=B8r-nDBx5Jg&feature=related

http://www.youtube.com/watch?v=2I0QN-FYkpw&eurl

Kinda fun to watch.


That's funny stuff. Any video where the Fox blowhards get torn a new one is fun. It must be interesting living in the Fox bubble, just shrugging off reality and pushing ideology over facts.
What about Krugman? It seems he correctly predicted a lot of this mess as well.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Sat Nov 15, 2008 10:35 am    Post subject: Reply with quote

Bill Orielly said the only reason Krugman said that there was a housing bubble is cause he hated George Bush.

I find it satisfying that people who took Fox News and FBN seriously got soaked.
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Kuros



Joined: 27 Apr 2004

PostPosted: Sat Nov 15, 2008 11:22 am    Post subject: Reply with quote

Jesus, Peter Schiff totally called it.
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canuckistan
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Joined: 17 Jun 2003
Location: Training future GS competitors.....

PostPosted: Sat Nov 15, 2008 7:34 pm    Post subject: Reply with quote

Speaking of socialism, do you realize the Social Security, Medicare, unemployment insurance, roads - including the Interstate highways - most large dams and waterways, many medical research programs and our law enforcement and fire protection agencies are all socialistic programs. Even public education is socialistic.
They are all "spreading the wealth."
Nothing new about that.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Sat Nov 15, 2008 9:20 pm    Post subject: Reply with quote

Kuros wrote:
Jesus, Peter Schiff totally called it.


Yeah, he was solid. But he didn't appreciate the weakness of Asian exporters and has until recently been guiding his clients into Asian equities.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Mon Jan 26, 2009 6:32 pm    Post subject: Reply with quote

Kuros wrote:
Jesus, Peter Schiff totally called it.


And the opposite opinion:

http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html

Seems he was right about one thing (thus far) and that was that a crises was in the works. He severely ignored problems elsewhere in the world.
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