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Tuesday, December 14, 2010

Economic Knowledge

Peter Schiff was right.

Peter Schiff and what he has done the last 8 years or so is one of the great examples of 'new media'. Peter Schiff called out the purveyors of the Housing Bubble and told them, to their faces, that they were full of it. 20 years ago he would have been dismissed as an eccentric oddball, and pushed aside. Now when that is tried, whoops, bad move. Why? Because some copyright challenged people were recording Schiff getting laughed at and ridiculed.
Look at the dates on the videos, and watch how the only contrarian of the group - Schiff, is marginalized and made fun of. That feeling you get when you are hearing the truth - pat attention to it. The sheeple got sheared, and those that ignored the herd were able to get out of the way of the crash.

Peter Schiff was right. And thanks to Youtube, we now have easily accessible proof.

Recommended reading: Crashproof 2.0 - Peter Schiff

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