Flashback 2006: Financial Meltdown

2006: Financial Meltdown? Ha!

I love the guys from 3:45 to 4:00. I hope they feel like complete assholes.

Hey look, Ben Stein's wrong about something else.

I'm definitely paying more attention to this guy from here out. He's making me concerned.

Fixed that for you.

Someone owes that dude a penny.

For the record, he suggested we put all our money in gold when it was at $83. It closed today at $73. Granted stocks and commodities have tanked across the board, which is why his first bit of advice was the best, take your money out of the market entirely.

Dude, you almost gave me a heart attack; I thought I'd woken to a different world, and gold was suddenly at $73.

It's at 742.30.

I was about to buy the shit out of every scrap of gold on the market.

And yeah, somebody give that guy his penny--actually, I think he declined on that deal. But, someone should give him something.

That guy is awesome.

So wait. What was gold worth when he suggested investing, and what it is worth today?

My mistake, those are the numbers for GLD (which he recommended).

Though of course, that's an NYSE stock, and they've gone down across the board. That it's gone down so little is probably a good thing.

He also said this:

http://www.thestreet.com/video/10444179/if-obama-wins-economys-doomed.html

Yeah, that's why I said he's making me concerned.

But I also said that I'm paying more attention to him, not that I'm taking his word as gospel.

Meh. He kept going on Fox News. He can't be that smart.

I hope he gets a big economic advisory position in the Obama administration.

He sounds like Goldmember: "I love goooold."

Ron Paul 2012 !

To the OP: I don't mean to disrespect the guy (Peter Schiff); he's obvi paying more attention to the situation than the pundits.