Here is some Monday morning quarterbacking but Peter Schiff as seen in these clips was one of the few people who saw this recession coming (Nasim Taleb being another). It is hilarious to see these other talking heads poo-pooing his dose of reality.

What everyone should take away from this is do your own research, form your own opinions and don't just be a lemming. (example - my neighbor got an ARM for his mortgage it must be safe, Oh Ben Stein on Fox recommends Merrill Lynch sounds safe to me etc...).




Credit to Signal vs Noise for finding this video

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