If you enjoyed the ‘Peter Schiff Was Right’ videos, then check out these predictions from Mike Maloney way back in 2005. He was one of the elite few to publicly warn of the housing crisis well before the crash of 2008. Mike Maloney is the founder and CEO of GoldSilver.com, one of the world’s most trusted precious metals dealers and financial educators.
In this recently unearthed archive footage shot at the Silver Summit in September 2005, Mike Maloney correctly explains the impending housing crisis, the trend in precious metals, and what to expect moving into 2006 and beyond.
Mike asks the audience: “Do we have a housing bubble? Nope… We have a hyper-bubble”. His analysis proved to be spot on while Ben Bernanke was still denying that Real Estate was in trouble 18 months later, saying “subprime is contained.”
Can you imagine the impact on your finances if you had heard Mike’s presentation, followed it up with your own due diligence, and acted shortly after?
As you will see from the video, Mike also correctly identified several key ratios and geopolitical trends that are in play up to this very day. False government statistics, the role of the petrodollar, and the impending debt problems are all covered as part of the greater economic scenario.
Mike is grounded in classical economics, and has been educating the public on the economy and precious metals since 2003. He maintains that it is essential to look at the big picture when making decisions about your financial future. This video is testament to his method of using history to identify long term cycles and investing accordingly.
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