Liberty_Mike
08-06-2010, 04:37 PM
Check this out! Some guy who calls himself "Mr. Fed" posted this video on Youtube in March of 2008 stating there would be a stock market collapse in 2008. He is a Keynesian economics, and I am sure he has been using this as a proof Keynesian economics predicts collapses, etc. Well guess what Mr. Fed. Economics who follow the Austrian school were predicting the collapse YEARS before it happened, not months! Leave some comments and let this guy know that his pro Fed rhetoric is a scam. At the time Marc Faber and Peter Schiff were predicting the crisis at the beginning of the boom, Keynesians were calling them crazy and claiming no bubbles were forming. Here is the video.
YouTube - ‪#1 The Crash of 2008 - HyperDEflation‬‎ (http://www.youtube.com/watch?v=pw8R_QFK_Uw&feature=related)
YouTube - ‪#1 The Crash of 2008 - HyperDEflation‬‎ (http://www.youtube.com/watch?v=pw8R_QFK_Uw&feature=related)