Peter Schiff is a Prophet
Warning: boring economic content to follow
If you follow economics this will blow your mind. Pay attention to the dates.
5 Responses to “Peter Schiff is a Prophet”
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November 12, 2008
the writing was on the wall – http://is.gd/7eiM
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Yea, this guy was way right. We are coming up on the time to strike on hard assets like gold or land or anything else that can’t evaporate like projected earnings from companies CFO’s. I wonder if we aren’t going to see a major paradigm shift back to the ways of our grandparents. They survived because of a shift to saving and production.
It won’t be long before we are no longer dazzled by the empty carbs of credit and stock earnings and we will get back to the basics of a currency that is based on something tangible. I don’t care what administration, left or right or anything the economy has to be allowed to correct itself.
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hahaha, my favorite line was Ben Stein saying that stock prices are going to be significantly higher a year from now (2008). I’d love to see Peter Schiff talking with those guys who were laughing at him now.
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Sure he was right, but if I had listened to him, I wouldn’t have been able to buy so many wonderful guitars on my credit card.
Mr. Schiff just needs to realize that debt is how we Americans role.
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(and that’s tongue in cheek, of course)
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