Thursday, November 13, 2008

Looks Like Peter Schiff Called It

Peter Schiff, of Euro Pacific Capital, clearly understands Austrian Economics and money... and he predicted what would happen in our financial markets (just as Ron Paul did). I sure hope no one took the "advice" of those other guys seriously; if they did they lost their shirts.

Those folks kind of laughed at Schiff - so who is laughing now?

Actually, I think one of the tipping points to our financial house of cards was back in September when the Chinese stopped lending us money.