Sunday, November 16, 2008

Who is Peter Schiff?

Peter Schiff was the economic advisor for Ron Paul. He criticizes the U.S. for our low savings rate and the lack of "real value" creation (raw production).

In these clips from the past few years, people (like Ben Stein) scoff as Schiff predicts a coming downturn in housing and in the financial sector.

You probably get the idea with that one, but you can always search YouTube for Peter Schiff for more fun.

UPDATE: I have no idea whether he's really bright or just lucky, I moderated the tone of the post to be more agnostic.