BlackChampagne Home

In association with Amazon.comBuy Crap! I get 5%.
Direct donations to cover hosting expenses are also accepted.

Site Information
--What is Black Champagne?
--Cast of Characters & Things
--Your First Time.
--Design Notes
--Quote of the Day Archive
--Phrase of the Moment Archive
--Site Feedback
--Contact/Copyright Info

Blog Archives
--Blogger Archives: June 2005-
--Old Monthly Archives: Jan 2002-May 2005

Reviews Section
Movie Reviews (153)

Ten Most Recent Film Reviews:
--Infernal Affairs -- 5.5
--The Protector/Tom Yum Goong -- 6
--The Limey -- 8
--The Descent -- 6
--Oldboy -- 9.5
--Shaolin Deadly Kicks -- 7
--Mission Impossible III -- 7.5
--V for Vendetta -- 8.5
--Ghost in the Shell 2 -- 8
--Night Watch -- 7.5

Book Reviews (76)
Five Most Recent Book Reviews:
--Cat People -- 4
--Attack Poodles -- 5
--Caught Stealing -- 6
--The Dirt, by Motley Crue -- 7.5
--Harry Potter #6 -- 7

Photos Section
--Flux Photos
--Pet Photos (7 pages)
--Home Decor Photos
--Plant Photos
--Vacation Photos (12 pages)

Articles
See all 234 articles here.

Fiction
Original horror and fantasy short stories.

Mail Bags
Index Page

Features
--Links
--Slang: Internet
--Slang: Dirty
--Slang: Wankisms
--Slang: Sex Acts
--Slang: Fulldeckisms
--Hot or Not?
--Truths in Advertising

Band Name Ratings
(350 Rock Bands Listed)
FAQ -- Feedback
A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- X -- Y -- Z

Hellgate: London
--The Unofficial HGL Site
--The Hellgate Wiki

Diablo II
--The Unofficial Site
--Flux's Decahedron
--Middle Earth Mod

Locations of visitors to this page

Powered by Blogger.

BlackChampagne -- no longer new; improvement also in question.: Peter Schiff Was Right



Sunday, May 24, 2009  

Peter Schiff Was Right


I'm still spending too many hours on "catching up" surfing after spending a week engaging in some real life (body) surfing on Kauai, and I saw a link to this one from a James Wolcott post from last week. I'll go so far as to call it extraordinary.

It's a compilation of roundtable discussions on various financial shows, mostly on CNBC and FOX News from 2006-2007, in which Peter "Always Outnumbered, Never Outgunned" Schiff goes toe to toe with the various market cheerleaders those shows employ to talk up whatever element of the US economy their plutocrat overlords have deemed insufficiently-enriching. I know nothing about this Schiff guy, but he prognosticates on numerous issues: the coming recession, the imminent busting of the housing bubble, the coming stock market crash, the coming credit crunch, etc, and at least in the clips shown in this segment he is 100% prescient about everything. And in every case the show hosts and other guests literally LOL at his pronouncements.

They're all but spilling beer as they congratulate themselves on their "everything is wonderful" forecasts, which is of course what their paychecks require of them, but it's still kind of shocking to witness the idiocy and disinterest they show in even considering the actual economic underpinings of the issues of the day.

There are lots more such examples in the related clips; watch them if your stomach is strong enough. I only made it through 2/3 of this one before I had to give it up. I was losing all the late lunch, nachos + rum/coke buzz that's helping me recover from a long morning of D3 site work.

Labels: ,

Comments:

You'd need a lot of paper to count the people who saw it coming a mile away. Hell, even a contingent in the Senate warned about it back in 2007 (probably before).

The problem is, none of the right people cared. I still want to slap Barnie Frank for basically giving the finger to the whistle blowers in Congress. I think the flaws in Democracy are embodied by people like that skid mark who are still elected officials.


 

Post a Comment << Home

Archives

May 2005   June 2005   July 2005   August 2005   September 2005   October 2005   November 2005   December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   June 2006   July 2006   August 2006   September 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   July 2007   August 2007   September 2007   October 2007   November 2007   December 2007   January 2008   February 2008   March 2008   April 2008   May 2008   June 2008   July 2008   August 2008   September 2008   October 2008   November 2008   December 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2012  

All site content copyright "Flux" (Eric Bruce), 2002-2007.