AngloAustrian hero, Peter Schiff, stands in a bear pit and defends his reasoning as to the why the dollar has had a temporary rally, but why it is ultimately going to collapse. (This video is also excellent because it demonstrates how Schiff - perhaps along with Ron Paul and Jim Rogers - was the only major American financial commentator predicting this recession BEFORE it happened).
Tremendous.
Look out for his very last line where he predicts that gold will hit $2,000 dollars an ounce, sometime next year (2009).
AngloAustrian prediction: He will be right.
And if you think this video is good, just try all of the rest, here:
=> Peter Schiff YouTube Videos
UPDATE: And for Schiff articles, try:
=> Peter Schiff - FSU Editorial Archives
2 comments:
If people surf YouTube looking for videos with Schiff in they can see some amazing arguments between him and other economists/commentators in the CNN/Fox News Syudios where they basically laugh at him for forecasting a major downturn in the US economy. These go back 2 or 3 years. Its scary he has been so accurate as it suggests there are some extremely tough times ahead.
Whether these people have offered public apologies to him yet I don't know. They should.
This is a link to an archive of articles by the guy which I think come right up to date.
http://www.financialsense.com/fsu/editorials/schiff/archive.html
Nice one, 'not an economist'! :-)
I've updated the main article appropriately.
Post a Comment