Should You Trust “Financial Advisors”?
As you may or may not know I am a big proponent of Austrian School Economics. In fact I’m currently doing my thesis on it in college. The other day while doing some research for my paper I found a very interesting video which shows Peter Schiff, Economic Adviser To The Ron Paul presidential campaign (a big supporter of Austrian School Economics) talking about the state of the economy well before the current financial crisis.
For me the most interesting part of the video is not how accurately Peter predicted the current crisis but how wrong the so called ‘experts’ got it. The video is below, you should really check it out & please leave any comments you’ve got.
Click Here NOW To Create Your Own Traffic Generating Blog
No related posts.
Add to:
.
Filed under: Economy
Like this post? Subscribe to my RSS feed and get loads more!
You see – it’s not that easy.
I am not a financial advisor and do not pretend to be. But I have been tracking the so called ‘alternative media’ (blogs, youtube channels) where 3-4 years ago people predicted what will happen.
I am not the one who could 2-3 years ago find lots of info about the bubble on the real estate market and the possible bailouts.
The problem is that all these predictions stop at this point – at the point where we are right now.
And we can see tons of expectations, starting from “USA needs to inflate its currency”, “saving paper money with real value (like junk silver)” ending up with “big global electronic currency.”
Did you see the big 20 meeting and their faces AFTER the meeting?
They do not know what to do. Hence, they do not know how to save their countries and what policy to conduct. Hence, financial advisors (even fair ones) do not know what is going to happen (even Greenspan).
If anyone has basic knowledge and willpower whats the use of a Financial advisor?
It seems the ‘New Expert’ is the guy who guessed correctly 3 months ago. And 3 months from now some else will be ‘The One,’ the new expert who made the prediction
Internet marketing is a big, confusing industry filled with hype-driven sales pithces. Occasionally you do find the gems; that great ebook or software that will change the way you make money online forever!
The difficult part is to brush aside the hype and find the ones that are really worth your time! On this page we have reviewed the Top 5 Internet Marketing Products that are proven to work.
During the election campaign my good friend and fellow musician started sending me a series of emails in support of Ron Paul and his economic vision.
To be able to discuss the issue, I spend alot of time reading whatever I could find on different schools of economics (Austrian, Chicago, Neoclassical, Keynesian, etc,,, – forever!) None of them are even close to scientific theory, which is understandable, considering that economics (like weather) is a so called non-linear complex system, best described by “chaos” theory.
Regarding predictions – Peter Schiff was only one of many economists that predicted the current financial crisis, many predicted it much, much earlier than he did and it looks that the reasons and/or triggers to it were many and monetary polocies were just one the many and, in my view, not the nost influential.
amazing how someone predicted such an event
Most informative stuff I’ve ever seen, thanks
Sweet article, justa small Q, what is a good average search amount for a niche site? about 300 per month?
This might be a little off subject, but have you looked at seoclientprospectingrobot dot com? Just wondering if you have any reviews of it, I’m thinking of buying a copy, and wanted to see if anyone had bought a copy yet.