In the months leading up to the housing collapse, Peter Schiff appeared many times on CNBC. Time and time again he warned viewers of the imminent housing collapse and the banking collapse. For his efforts and his truth telling style, he was ridiculed by virtually everyone who interviewed him. That went on as I recall- for about two years. I viewed most of it. After the implosion, even Ben Stein apologized to Schiff.
Why do people ridicule Schiff? No man is able to see the truth when his entire livelihood depends on him not believing the truth. If you've got 7 minutes to tee up this video- please watch it. And remember Schiff was right last time- this video is eerily reminiscent of what he said in 2006 and 2007. Pay special attention to our female interviewer as she tries to pin Schiff down by asking him the precise time of the dollar collapse. Nobody could possibly know that, but it doesn't stop these harpies from using it to chip away at his credibility. No shortage of cheap shots from this crew. Who are you going to believe? I saddle up with big cojones...just as I did a few years back. Thanks to the Hard Right Edge for posting this.