Thursday, December 04, 2008

Amazing video about our economy

I was watching a video from 2006 and 2007 and it can really, really stink (nice word) to be the contrarian voice in the herd, as Peter Schiff was in 2006, two years before the economic walls came down.

It takes guts, perseverance and, as Peter instructively demonstrates in this video, quiet confidence. He would've been still be right had he been screaming a la Jim Kramer, but it's easier to side with a screaming optimist than a screaming skeptic. Click on the link and watch this 10 minute video and you will see how messed up some of these predictions are, and how right Peter Schiff was, and how he never wavered from his amazingly accurate prediction.

http://www.youtube.com/watch?v=2I0QN-FYkpw

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