Don't Say I Didn't Warn You - Peter Schiff Reveals How He Predicted the Crash

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The Real Estate Guys

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4.7 • 696 Ratings

🗓️ 9 August 2010

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Special guest Peter Schiff sits down face to face with host Robert Helms to reveal how he accurately predicted the mortgage meltdown and subsequent financial crisis. Schiff was a lone voice in the wilderness while promoting his 2006 book in which he accurately predicted virtually all that has actually transpired. While most media pundits derided him (see the videos in our broadcast blog on our website), he stood firm. Today, Schiff is seeking to represent Connecticut in the US Senate. Politics aside, as real estate investors, it's interesting to hear what Peter has to say about inflation, jobs, mortgage rates and real estate. We learned a lot and think you will too! Want more? Sign up for our free newsletter at www.realestateguysradio.com.

Transcript

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0:00.0	Welcome to the Real Estate Guys radio program. I'm your host Robert Helms. Did anybody out there call the meltdown? Well, yes. One person absolutely did. His name's Peter Schiff, and he's going to be on our show today talking about how he predicted the crash of the mortgage and real estate markets. Stay with us.
0:20.0	This podcast is brought to you by
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0:33.9	podcast.com forward slash real estate guys welcome to the real estate guys radio program
0:44.0	I'm your host to Robert Helms thanks for tuning in you've picked a great week to tune in we've got a
0:48.3	great show for you first meet our co-host financial strategist Russell Craig hey Robert hey there
0:53.4	we've been looking forward to this for some time we We have been. We have absolutely have been. You know, we've been
0:58.1	watching what's been going on in the market for the last two or three years. We've read a lot of
1:02.0	different things about what people have said. And there's some people taking credit for having
1:05.8	predicted it. But a lot of the predictions that I looked at didn't give a reason why that made sense.
1:11.2	Most of the predictions were, hey, you know what goes up must come down. It can't go on forever.
1:14.8	You watch. There's going to be a downturn. But the guests we have today on the show,
1:19.1	he called it almost exactly. He called it almost exactly, and he explains the reasons behind it,
1:26.2	and they're very plausible. they're very easy to understand.
1:29.5	And I think really the point of all that is when you understand basic principles, we talk
1:33.7	all the time about supply demand, capacity to pay, and how the demographics and demand drive
1:39.7	the pricing.
1:41.1	He's got some really interesting theories in this book or statements in this book about
1:44.9	how pricing comes into existence that price is not necessarily wealth. And when you are relying
1:51.6	upon the price of your stocks or the price of your real estate for your wealth, you're not
	...

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