The Greater Depression is HERE. The time to prepare for coming dark days is over. The time to protect your family and wealth is NOW. Fortunately, there is still time.
Banks are failing at rates even higher than last year. Despite the assurances from the White House that the economy and employment are growing, UNEMPLOYMENT is already at a level unseen in the U.S. since the Great Depression, and the situation is getting worse.
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Peter Schiff Was Right
Posted on November 25th, 2008 No commentsThe title of this post says it all. If you’ve paid any attention to the media coverage at all, you’re familiar with Euro Pacific Capital President Peter Schiff. He was the main punching bag for those who liked to scoff at analysts and money experts calling for recession or worse the past couple years. Schiff took punch after punch from fools like Ben Stein, Art Laffer and Mike Norman when put up against him on arguing-head shows on cable.
Here’s a compilation of some of those appearances. Note the amount of scorn heaped on Schiff as he accurately called what was coming. The laughing at Schiff’s on-target message is a sad commentary on the skills of the pundits that populate the mediasphere.
If you go to blogs written by some of these nay-sayers, you’ll be entertained by their responses to readers calling them out on being completely wrong. They get very technical and petty (“keep drinking Schiff’s Koolaid” as Norman tells one reader).
I think I will. It may not be the tastiest, but it’s sure a lot more nutritious than whatever you’re pouring, Mike. My suggestion is make sure you’ve read everything Peter Schiff has written, and lose the bookmarks for the sites written by those who laughed at him.
Schiff was right.
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