InvestmentWatch reported on the recent predictions of Peter Schiff. Economic Crisis: 2007 and 2013 – Peter Schiff: A Collapse Happened In 2008, But Even More Catastrophic Economic Collapse Will Hit the United States Economy In 2013 or 2014
“In 2006, when he faced off with many well known Titans of investing and warned of an impending financial disaster and economic collapse, Peter Schiff was laughed at by his colleagues.
He urged Americans to exit financial markets and take steps to protect themselves before the wealth held in their savings accounts, retirement investments and real estate was wiped out. Few listened…
http://www.bloomberg.com/video/72756316/ “Ironically, I’m in this book, ‘The Big Short,’ but I’m not a big short. I don’t go out looking for good shorts. I’m spending my time looking for good longs. I shorted mortgages because I had to. Every bit of logic I had led me to this trade and I had to do it. And I had to pull back on equities, because I saw what was coming I thought would affect everything.” Continue reading →