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.
Here is a collection of Peter Schiff’s appearances and predictions from 2006-2007.
“The party is over for the United States”