8/28/2006-Peter Schiff Predicts The US Economic Collapse With Unbelievable Accuracy

http://www.youtube.com/watch?v=LfascZSTU4o

Amazing. Someone who tells the truth before it happened. He is awesome.

 

Pretty interesting, he was wrong on as many of his opinions as he was right.

 

Such as? I just started reading up on him so im a newbie on this one, but he was dead on here.

 

First off a stock market crash doesn't mean the economy will crash to the same degree, ie a 40% drop in the dow doesn't mean a 40% drop in GDP.

He said that low interest rates will be a thing of past, taking a look at what people are paying for treasury bonds they are almost excepting no interest on their bond. 10 year yields are 3.74%

He says gold, oil and other commodities are a good investment but they are down close to 50% in the last 3 months.

 

Peter Schiff, the guy who called the housing bubble but is completely wrong on the rest of world economies?

 

Peter Schiff's timing was also way off and timing is everything.