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2008 Recession & Credit Crunch Predicted 2 Years Ago | Peter Schiff on Debt & Inflated Housing Prices

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2008 Recession & Credit Crunch Predicted 2 Years Ago | Peter Schiff on Debt & Inflated Housing Prices


It’s a good thing you only bet a penny, Mr. Laffer.

You’d better believe it now, Laffer. Welcome to the technology age when anything you say or do can come back to bite your behind.

I can’t help but wonder, looking back on how sure Laffer was that we were doing well, if he was hired just to be the guy to convince everyone that things are okay.

Because he couldn’t have truly been that confident, could he?

Peter Schiff makes a very interesting statement that we should actually embrace this recession, and he was saying this 2 years before the recession actually started.

“Rather than the recession being resisted, It should be embraced – the disease is all this debt financed consumption.”

He also states that the recession will likely last years rather than months.

I think it says something that Peter Schiff keeps his cool very well despite being attacked on both sides. I love that last comment Peter makes. Listen for it.

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