Kernel of Truth
It always seems that before a catastrophe or some major event, there’s always people on the fringe that foresee the damage. Take Peter Schiff for example. During the high times of the Wall Street financial soiree, Peter stood firm by his analysis that the thriving economy of 2006 was living on borrowed time. Of course, had the economy never crashed, I never would have heard of this guy. But now that it has, he’s got my attention. Check out this video and note how he’s laughed at in every single interview. The beautiful thing about the internet is that it never forgets. Check out all those people with egg on their faces now.
December 17th, 2008 at 4:40 pm
Peter saw the storm coming a long time ago. The internet remembers, yet he’s still laughed at today. I applaud his commitment and courage.
The only constructive criticism I’ve seen of Schiff is in a MarketTicker Forum post. It’s worth the read:
http://www.tickerforum.org/cgi-ticker/akcs-www?post=69211