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Peter Schiff predicts economic collapse and gets laughed at

Thank goodness for videosift, youtube, etc. I want to know what these guys' positions are today. I'm sure they think the bailout is a wonderful idea. People laughed at guys like Peter Schiff and Ron Paul who predicted all of this. Unbelievable. This is from April 2008
G-barsays...

I´m definitely not an expert on these matters, But I bet you my entire mortgage that these kind of debates are going on every year, every time there´s a supposed crisis... So most of the time the optimists will win, but at times, those who preach for the end of the world get it right...
If u can predict the future and tell who is right from the beginning, I´ll vote for you!

MINKsays...

I predicted this collapse. After the internet bubble burst, i said "i bet they will rack up another bubble and burst that."

They did.

Do I get my "genius with frikkin laser beams" award now?

cdominussays...

>> ^MINK:
I predicted this collapse. After the internet bubble burst, i said "i bet they will rack up another bubble and burst that."
They did.
Do I get my "genius with frikkin laser beams" award now?


The problem now is that our credit was still good back then. Now, not so much.

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