Peter Schiff appeared on Huckabee and shares his experiences with needlessly complicated government regulations. He explained how he was fined for hiring too many people, and why he needed to setup an off shore subsidiary instead of expanding his US presence.
Schiff is CEO of Euro Pacific Capital, a best-selling author, and former candidate for Senate in CT. He has also testified before Congress on numerous occasions about economic and fiscal issues.
Peter Schiff is a patriot. He is also an Austrian School economist, and is one of the few who predicted the economic crash of 2008.
“The United States economy is like the Titanic and I am here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States.” On December 31, 2006 in debate on Fox News, Schiff forecast that “what’s going to happen in 2007” is that “real estate prices are going to come crashing back down to Earth”
His testimony before the House jobs committee is worth listening to.
Part two of Schiff’s testimony after the jump.
Continue reading Peter Schiff Speaks to the House