Bests & Worsts Reviews from Amazon

Mr. Moheban stakes out to refute the Austrian Economists and "Gold Bugs", in particular Mr. Peter Schiff who through his popularity has become somewhat of a "cause celebre" for what seems to be anyone with a pen and an opinion. Mr. Moheban thus seeks to make a name for himself attacking one of the only sane voices of dissent being voiced in regards to the real estate and stock bubble far before the 2008 market meltdown. For example, Mr. Moheban trivializes the fact that Peter even wrote a book in late 2006 about the impending real estate crises when he states: "it was not hard to see that [the real estate bubble] was going to end badly.." and: "Of course, home values cannot shoot up forever..". Well if this was so obvious Mr. Moheban, then why did so many millions of americans pay these overinflated prices? Why did Greenspan, Bernanke, and other major players tell us well into 2007 that there was no real problem? Why did Lehmann, AIG, Bear Sterns etc all go bankrupt? Of course this was not obvious to Wallstreet or Mainstreet. Most mainstream economists never saw the trainwreck comming until it hit them in the face. See for example "Peter Schiff was right" on youtube. Here is another one of my favorite lines from the book: "..Schiff's idea that the government would have no choice but to print a lot of money to service the debt, ...is somewhat speculative". As far as I know all ecomonic prediction is speculative. We are working with probability here, and not facts, and Peter always disclaims that he could be wrong. But consider this: this year alone the administration will create ~$19,000 in additional national debt PER FAMILY. How speculative can it be that this will never be repaid through taxation?? Time will prove Mr. Mohebans' critique utterly wrong, and this book will find its way to the dustbin of history. If you really want to know just how dead right Peter was and still is, don't read this book, rather look at Peters' mortgage bankers' speech on youtube, and for example check out the fact that Peter has been advocating buying Gold since earlier than 2001: Gold went up several 100 percent since then, while the S&P and Dow Jones had massive losses since then (even worse when inflation-corrected). Read Peter Schiff's work first and form your own opinion before you even consider reading this critique of it.