You’re a domainer… maybe you consider yourself an investor, maybe you consider yourself a speculator. No matter what your perception may be, understanding a few economic fundamentals is a must. The video I’m about to share (Peter Schiff’s Congressional lecture on “What About Money Causes Economic Crises?”) will help you establish a solid foundation, an investment of 70 minutes that will prove to be more than worth it in my opinion.
Now at a certain point, Peter Schiff will recommend returning to the gold standard as a solution. I don’t necessarily think that would be a good idea. He brilliantly identifies the problem and I agree with his arguments, just not with the solution he’s recommending.
Anyway, here it is, thank me later:
December 23rd, 2011 at 9:43 pm
do you understand the internets? i am a great fan of ron paul.
seriously… an hour and fourteen minutes. i have a hard time watching TED talks of more than ten minutes. i watched it for over a minute.
thanks for trying.
December 24th, 2011 at 5:18 am
@RaTHeaD: I make more Internets than you! Actually you know what, I made three and a half Internets while I was typing this comment 😛
On a serious note, yeah, the video is fairly long but it would have been hard for him to cover everything in 10 or 20 minutes. Peter Schiff is one of the few people who can cover “boring” topics in a way that doesn’t make you want to unplug your computer, I wouldn’t have recommended this video otherwise.
December 24th, 2011 at 8:49 am
I didn’t watch ! …As Andrel and RaTHeaD didn’t recommend it !
Just to save my time…
December 24th, 2011 at 8:50 am
Really great explanation. Thanks for posting that vid. Long but worth it. Perhaps you could post your arguments against embracing a gold standard. Cheers.
December 24th, 2011 at 9:17 am
@RAYY.co: actually, I do recommend it, even if I don’t agree with the solution. In my opinion, he accurately identified most of the problems but his solution is not one I’d recommend.
December 24th, 2011 at 9:21 am
@Los Angeles: first of all, you need to understand that even Peter Schiff has an agenda and at this point, his agenda is recommending gold. Take a look at his latest project, europacbank.com, and you’ll easily be able to figure out what I’m referring to 🙂