Hello Orrin - Great video. Its amazing to me how 2 "experts" can have completely opposing beliefs on the exact same economic topics! How then, can they both be experts? I'm curious about a couple of things.... did Peter and Barry come back to debate again after 2006? What are you and/or Peter Schiff's predicitons for the next few years... do you think the worst is still yet to come? I live in Wisconsin and, of course, we are seeing the effects of the down economy but no where near what places like Cali, Fla, and Detroit are feeling. It almost appears that things have stabilized here and I'm wondering if there is yet another tipping point that could send us in another downward spiral. (I don't watch the news...so maybe we're already in one!)

In the housing market here there are literally hundreds of new spec homes for sale and subdivisions "on hold" where they don't even have the roads paved for the few homeowners that actually did build in them. Last month we just heard of 2 developments that went into foreclosure, one of them had over 10 spec homes in it by the same builder! I can't understand how these builders can afford to pay mortgages and taxes on these spec homes for months and months and still avoid foreclosure? I have a feeling this is going to be a tough winter for a lot of folks. I hope I'm wrong.

Thanks for the great video!!

Jarrett

Unfortunately Jarrett I happen to agree with Peter on this (I live in Utah) and my home is worth what I have left on my mortgage, someone in my subdivision bought the same style home as me and paid $10,000 more than mine is worth (I asked how much before the house was sold) I was told the house was for sale at $176,990 I paid $263,990 in 2007 I owe $168,990 (We had a large down payment) We are headed down a slippery slope if interest rates don't go up.

Mike D

Great Vid O! Schiff was dead on, I would love to see him and the "other guy" debate again today. It is time for those of us who have the truth and mentors like you to rise up and lead this nation back to greatness! Built with the puritan work ethic, religious morality and sound economic principles. Keep sending the information, the troops are getting it!

Where America is concerned, I cannot but help think of the "Gamaliel Principle", which comes from the Christian Bible's book of Acts, Chapter 5, lines 34 through 40. If God is behind this great nation, then we will survive through these calamities and lapses of integrity. As far as the Team goes, clearly God is behind this magnificent endeavor. I have no doubt that the Team will continue to thrive. Here's the text of the book of acts: "Then stood there up one in the council, a Pharisee, named Gamaliel, a doctor of the law, had in reputation among all the people, and commanded to put the apostles forth a little space; And said unto them, Ye men of Israel, take heed to yourselves what ye intend to do as touching these men. For before these days rose up Theudas, boasting himself to be somebody; to whom a number of men, about four hundred, joined themselves: who was slain; and all, as many as obeyed him, were scattered, and brought to nought. After this man rose up Judas of Galilee in the days of the taxing, and drew away much people after him: he also perished; and all, even as many as obeyed him, were dispersed. And now I say unto you, Refrain from these men, and let them alone: for if this counsel or this work be of men, it will come to nought: But if it be of God, ye cannot overthrow it; lest haply ye be found even to fight against God. And to him they agreed: and when they had called the apostles, and beaten them, they commanded that they should not speak in the name of Jesus, and let them go."

My favorite quote, and it is by Barry is "This economy is just humming!" and a close second is his comments towards Peter's prediction using the atomic bomb scenario. Thanks for the great video. it's really helped me understand what's going on.
Travis T
Sons of Liberty

Did anyone else get the idea that one side was rather reaction based and the other proactive based?

Barry seemed to be trying to manage the situation where Peter was leading it.

Maybe it was from one having his own thoughts and the other having to read verbatim the thoughts of others to support his 'ideas'.

You could tell Peter knew his principles...that conversation could have turned any way and he'd have a solid answer.

I'm interested to hear what he thinks about the next 3 years ahead!