As the US Goes Broke...

http://www.lewrockwell.com/schiff/schiff30.1.html

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Why do they just giggle?
LewRockwell.Com
by Butler Shaffer

06/23/09

It is a curious thing to watch videos of Peter Schiff’s appearances on television interview programs. Going back from one to three years, Schiff predicts the adverse consequences that are likely to occur as a result of government economic policies. Some of the economists and investment advisors on the same shows mount no more of a response to his prognostications than to giggle. Even after Schiff’s predictions were proven correct, more recent programs generate the same guffawing when he foresees more adverse consequences. Why is this so? Why would a man who has anticipated so much of the economic dysfunction in the world — and who has provided sound, economic analysis to explain his thinking — be openly laughed at by others who, on some of these same programs, were advising investments in the banking industry? What is even worse, why does so much invective get heaped upon Schiff for being accurate?

http://www.lewrockwell.com/shaffer/shaffer192.html


Informant: Thomas L. Knapp



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