Dave Ramsey calling Peter Schiff an idiot

[cubical]

This was before the crash.

http://www.youtube.com/watch?v=S98_eMax9xo&feature=related

LOL, the entire thing is classic, but for a quick laugh go to the 8:00 mark.

 

[Sola_Fide]

What a complete moron.

This is a guy who has a radio show devoted for ways to get out of debt...AND HE IS DEFENDING THE FED???? Hey Dave, are you so dull that you can't see how the FED CAUSES people to make bad decisions with easy money and go into debt?


Do you not see the FED's role in encouraging an environment of debt? Are you nuts?


Secondly, you are a Christian? Read what God has to say about dishonest scales and debasement and then get back with me.


*complete two-handed facepalm*

 

[hugolp]

He used Peter's father being in prison to attack Peter Schiff in a completely horrible way. This guy is scum.
Irvin Schiff is a hero.

 

[Matt Collins]

Dave Ramsey is also the same guy who endorsed a bailout voter for TN governor: the infamous Representative "Zigzag" Zach Wamp.

 

[not.your.average.joe]

It would be fun to see what this lady and her dad would have to say today!!

 

[jmdrake]

Dave Ramsey set up a strawman and the caller wasn't quick enough to pick up on it. He kept rattling off a list of companies that would have to "close" for the stock market to "crash". But not every company closed when the stock market crashed before the great depression either.

 

[Matt Collins]

Dave Ramsey set up a strawman and the caller wasn't quick enough to pick up on it. He kept rattling off a list of companies that would have to "close" for the stock market to "crash". But not every company closed when the stock market crashed before the great depression either.

Yeah Dave gets a lot of things really really right.... and a lot of things really really wrong.

 

[mojobo]

Funny how every single company he recommended dropped by at least 50% as of early 2010. One even had to be nationalized in order to prevent it from being closed. The only reason every single one of them didn't close is that our currency was extremely devalued making their debts worth a lot less.

 

[rckt24]

Peter Schiff's response:

http://www.youtube.com/watch?v=_VpxCBUwJpw

 

[Jordan]

In fairness, Ramsey's advice is mostly geared to people who can't balance a checkbook but that doesn't mean he isn't an idiot.

 

[rckt24]

In fairness, Ramsey's advice is mostly geared to people who can't balance a checkbook but that doesn't mean he isn't an idiot.

He is good at helping people save and pay down their debts but it will be the people who save that will be hurt the most by all of this inflation. He has no concept of what real money is.

 

[Matt Collins]

it will be the people who save that will be hurt the most by all of this inflation.

That's true, which is why it's important to invest, not just save.