Money | July 29, 2008 | 10 comments

Peter Schiff predicting our current economic condition back in 2006!

source: http://www.youtube.com/watch?v=6G3Qefbt0n4

Hawkmang
In 2006, Peter Schiff, President and Chief Global Strategist of Euro Pacific Capital, spoke at the Western Regional Mortgage Bankers Association Meeting in Las Vegas and told over 1000 mortgage brokers that they were about to be out of jobs. The entire presentation is worth watching but most of his comments regarding real estate begin at the fourth video (Above video is the intro and the remaining 7 appear below.)

Mr. Schiff, an advocate of Austrian Economics and former Ron Paul presidential campaign advisor, is the author of "Crashproof: How to profit from the coming economic collapse." He has appeared on CNBC, CNN, FBN, Bloomberg, CBS and other networks. CNBC has called him "Dr. Doom" and he is still criticized by the mainstream financial pundits despite his correct predictions of the tech and mortgage bubbles.
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