jbo5112 (December 31, 1969 at 4:59 pm)

I should mention that Goldman Sachs is up slightly when priced in USD, but the shares of stock have less purchasing power now due to inflation.

jbo5112 (December 31, 1969 at 4:59 pm)

Out of all the stocks recommended, Goldman Sachs is the only corporation still around. They're actually up a tiny bit, but it took a $10 billion bailout from the US Government and a $5 billion stock purchase from Warren Buffett. NASDAQ lost 1/3 of its value in 2008. Schiff recommended the exchange traded fund GLD which is up about 1/3.

thegreatestg (December 31, 1969 at 4:59 pm)

is there anywhere videos of the people who were laughing at Peter Schiff then, what they think now?

Nomaddictas (December 31, 1969 at 4:59 pm)

It seems that even the heads in USA are as dumb as a casual American looks like. Just care about their own asses, living in their own, one and the only respected world - USA. Well, greetings. It is obvious that once so called "American dream" has turned out to be something that every, at least a little bit politically and socially conscious man, would beware of.

ExhibitMan (December 31, 1969 at 4:59 pm)

"Might be a big year, but big losses" Peter for senate!

satanicaa (December 31, 1969 at 4:59 pm)

prophet win

Pirate1014 (December 31, 1969 at 4:59 pm)

"I'll bet you more than a penny!" love ya peter schiff!

jeremyraybrown (December 31, 1969 at 4:59 pm)

Wow, from 6:30 to 7:15 they're suggesting the worst financial stocks on earth to buy at the time their suggestions were made.

TruthAxe (December 31, 1969 at 4:59 pm)

As Obama is the Socialist Joker, Art Laffer is the Economics Joker. He was oh so wrong. No one on earth should listen Art Laffer again. Ben Stein. Stick to Clear Eyes. You know schmuck all about money, banking, investing and economics.

ed2276 (December 31, 1969 at 4:59 pm)

I agree. I used to watch the morning financial shows back in the day, and I thought all those who talked up the markets and gave investment picks knew what they were talking about. I know better now. The ONLY one I have seen get it right is Peter. All those other pundits didn't have the faintest clue as to what was coming and WHY it was coming. Why anyone would care what any of those talking heads have to say today is beyond me. They ought to be rejected outright. Peter was--and is--right!