I have also tried to be the voice of reason on this video:
"Dave Ramsey Was Wrong; Peter Schiff Was Right; The Panic of 2008"
http://www.youtube.com/watch?v=ZladO06LVNI
"@MrConservative608
First off, I am also a conservative. That being said, I'm also a realist. Congress will not drastically cut spending barring dramatic entitlement reform. That would be political suicide. I want that, but again I'm a realist. Your last question seems odd to me in that Schiff has already been proven correct in his assessment of the mortgage crisis yet you are unwilling to consider his points. Fannie and Freddie's loans were sound? Please."
informedskeptic
"@informedskeptic Okay, I believe it is realistic to believe the government won't cut spending in a meaningful way but what if the next president & congress create business friendly policies such as tax cuts & deregulations and the economy improves? This exact same situation that happened in the late 70's to early 80's where gold prices spiked because of a recession but around 1983 fell like a rock.
Peter Schiff may have predicted the housing bubble, BUT SO DID DAVE RAMSEY!"
MrConservative608
"Here is something to ponder. I don't believe Dave Ramsey over Peter Schiff because I have chosen to worship at his alter rather than Peter Schiff's alter. That is not what this is about. #1. I am very skeptical of doom & gloom predictions but they have can be true. #2. I look for facts rather than look for messiahs. Fact: We were in a recession in 1979 - 1983 or 1983. Fact: Gold's price spiked in 1980, began to fall in 1981 & from 1985 to 2005 it relatively stayed at the same level."
MrConservative608
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