Friday, November 14, 2008

Listen to Peter Schiff

So are bailouts and increased government spending really the answer to the financial crisis? Peter Schiff, president of Euro-Pacific Capital (and Ron Paul's former economic advisor), argues against these policies. He is a man amongst fools; take a look at his track record over the past couple of years. Amazing how he was right on virtually every prediction he made: housing prices tumbling, financial institutions in trouble, credit markets freezing, everything. And all everyone did was laugh at him.
Hmm...I wonder if I should be buying any gold?

1 comment:

Anonymous said...

rofl. They bought MER. Everyone with a clue stayed away from those stocks like they were diseased whores.

Like I say at Teaconomics -- do the exact opposite of what they say on CNBC. You should'ved shorted MER, GS, MS, etc.