Except he wants to ban Japanese cars and give UAW endless welfare. Try :
Video of Schiff when he predicted this disaster. Watch the other guy offer him a bet that the economy is in great shape.
http://www.youtube.com/watch?v=2I0QN-FYkpw
No one knows what the future holds, or do they? It looks like celebrated investor Peter Schiff might have a crystal ball.
The Prediction
Almost two years ago he predicted that the financial markets were heading for crisis. At the time he told CNBC, “We’re on the verge of a major, major recession that’s probably going to start by the end of this year, maybe early next year. The housing market is just beginning to unravel. We’re seeing the tip of the iceberg here.”
In fact he went on to compare the economy to the Titanic then added, “I am here with the lifeboat trying to get people to leave the ship.”
According to Schiff, investors believed asset prices, real estate prices, and stock prices would go up indefinitely. But, as you know, it was a bubble. Now, markets are correcting for these imbalances.
http://www.cnbc.com/id/27823932
All these party frauds from both sides look pretty bad right about now.
That's why we wrote in Paul for President this time around. We knew he wouldn't win, but we sure sleep better knowing were wise to all these political frauds.
Everyone should watch the video you provided here.
As many right-on thing as Schiff constantly advocates for; the skeptic in me feels the need to point out that someone who is perpetually pessimistic will eventually - by the laws of probability - be proven right.