Peter Schiff Speaks to the Ludwig on Mises Institute

by Erich

For those who haven’t heard of Peter Schiff, he was one of the first people (back in 2006) who predicted the real estate bubble, subsequent collapse and the depressed economy which we are now facing. If you’re interested in a quick video montage of him being laughed at (who’s laughing now) during that time for his “doom and gloom” predictions, check out this video:

If you have an hour and fifteen minutes to spare, I would highly recommend you watching this next video. He does an excellent job at encapsulating exactly how we got into the economic state we are in as well as the problems we are facing in the near future:

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2 Comments»

Comment by LindyLu
2010-08-06 16:58:03

Wow, watching that first vidio made me ill. As it is now 8-6-2010, its like this guy had a crystal ball or something sitting in front of him. Lucky for my family, we followed his way of thinking back in 2006 and we were at least a little prepared for what was to come. The really scarey part is, it’s still not over yet. Sure we’ve had a little bit of a turnaround, but it’s been very small and is not going to last. I don’t think we’ve even begun to see the worst of it. A small taste of what bad really truely is. I can’t speak for anyone else, but that scares the hell out of me. I think the last 3 months of 2010 and all of 2011 are going to be even worse. 2012 is not looking really bright to me either at this point. Heck who knows, perhaps the Myan’s had it right and the whole world goes belly up before its all said and done. As it is, Life goes on, one way or another. Enjoy each day as if there will be no tomorrow, cause for all you really know, there might not be for you. Good luck to everyone and God Bless………..

Comment by Erich
2010-08-07 00:12:30

LindyLu,

That’s great that your family had the foresight to plan ahead when most of the country thought all was well. This is definitely not over yet and that things are going to get a lot worse before they get any better. I don’t consider this “doom and gloom” thinking. It’s reality.

– Erich

 
 
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