Thread: Peter Schiff: Economic Prophet

Economic Prophet


Peter Schiff seems to be a real economic prophet. He was right about what was going to happen in the economy. He has been predicting our current mess for a few years now. We'll see what happens.

Peter Schiff predicts imminent Doom

http://www.youtube.com/watch?v=djgH9wA-JSU


HE WAS RIGHT 2006-2007

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

I have been a Peter Schiff fan for two months now. I have even subscribed to his podcasts.

Peter Schiff has identified the "bloated service sector" as one of our basic economic problems. Simple interpretation: "Too many Chiefs, not enough Indians." Obama, I fear under pressure from educational lobby ideologues, will make this far worse. College and grad school degrees are touted as a panacea for economic progress; and very little is said for skilled craftsmanship, business innovation, and self-reliance.

Our bloated service sector relies on bottom rung immigrants to do the grubby work that should be replaced by labor saving devices.