Saturday, August 22, 2009

Peter Schiff responds to critics

Peter Schiff Vlog 22nd Aug 2009

Peter Schiff responds to a blogger who is used to criticize his forecasts , Peter Schiff explains that he does not bad mouth America , that yes we have one of the highest standard of living in the world , but that this standard of living is being paid off by debt from foreigners , so yes the dollar will collapse eventually when the foreign lenders stop lending money to America , Peter Schiff is a true patriot , true patriotism is also criticizing the bad economic situation and mismanagement in order to improve things for the future , saying that everything is OK when it is not that's not patriotism ...

1 comment:

  1. Hi Peter,

    I agree with all that you said in your 08/22 video especially the housing market which I saw coming about 7 years ago too. The prices were not sustainable as the value was way overinflated and no one would listen. It doesn't take a genius, only some common sense. Get ready for gold to fall back to $500 an ounce soon also.

    Walt M


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