Wednesday, May 23, 2012

Peter Schiff - Austrian Scholars Conference Part 1 of 8

Federal Reserve Interest Rates - Peter Schiff - Austrian Scholars Conference Part 1 of 8.
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How is Peter Schiff - Austrian Scholars Conference Part 1 of 8

Peter Schiff - Austrian Scholars Conference Part 1 of 8 Video Clips. Duration : 9.85 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . For the latest Peter Schiff, go to PeterSchiffBlog.com Today, we're talking about why no one saw this coming. But no one in this room was surprised, and no one really thinks that it is over. So you may not hear anything that you don't already know. Few people seem to understand what really happened. They live within their own little bubble. The same thing happened with the Internet stocks in the 1990s. Silly sites like doorknobs dot com were coming out really high multiples. Many people were getting rich. Not because they started successful businesses, but because they were able to sucker investors into buying his stock. At Europac, it was difficult to convince people to purchase shares of stock in foreign nations compared to Internet stocks. Yahoo was valued at twice the entire market value of the New Zealand. Mark Haynes said that bubbles are a once in a lifetime occurrence. He couldn't fathom that we could have a real estate bubble so soon after the stock market bubble. But they were really the same bubble. We had the stock market bubble because the Fed's monetary policy was way too weak. The interest rates were way too low. You might think that it's possible to lose money on every sale but make it up in volume. That's certainly what people who were investing in these Internet startups thought. People with brand new companies with no assets, no revenues, and no customers might think that their company is worth million.
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