Historic Peter Schiff interview from 12/13/07 [part 1]

In this 35 minute interview Peter covers everything. As far as predictions go, he says that in 2-3 years the dollar index will be cut in half (at least). He also says that foreigners will eventually own the majority of the DOW and a good size of the S&P. The U.S. will see the highest rates of inflation in years, combined with a major recession. Volatility in the markets are just getting started, and the markets are going to get a lot lower.

Scott Brown (of Raymond James) says that the economy is in good shape, and that he doesn't expect a recession.

Category:

News & Politics

Tags:

• Peter
• Schiff
• Videos
• gold
• housing
• bubble
• market
• collapse

[dre229]

Yep, and the view of Austrian Economics

[prosvjeta]

it wasn't hard to predict what was going to come, at all!

the only thing you needed for that prediction is the common sense! and as we know common sense is vary rare in the brain-washed america, so that peter and some other very few individuals, like dr. ron paul, may appeare as geniuses, which they are not!

they are only educated, reasonable guys with common sense.

[shaider77]

Tyranny

[jeremyraybrown]

@prosvjeta Peter Schiff used a bit more than common sense, because you had to recognize that a lot of interest paid was to foreigners therefore it wasn't redirected back into our economy among other indicators. Obviously the over consumption and housing bubble were there to see, but other subtelties added up to the huge financial downturn.

[cftTURN]

couldnt have said it better. common sense is the key

[eesloan4]

Well the dollar may fall and lose half...but not today and probably not tomorrow cause all borrowing and lending has stopped except for the federal level and deflation is continuing.....for awhile longer

[gatzu86]

She said assets ^^ listen

and btw... peter schiff rocks

[MooseOfReason]

Did she say "And he feels that asses will continue to flow out of the U.S"? Instead of assets?