Peter Schiff: Economic Collapse to be Catastrophic

In case you don't know who Peter Schiff is, he is an Austrian school economist and is the president of a brokerage firm called Euro Pacific Capital. Basically, he is a pretty big deal and often appears on CNN, MSNBC, ABC, FOX, etc as an economic expert.

There has recently been an explosion of interest about him as almost all of his previous economic predictions have COME TRUE, and they are not popular predictions.

Here is a youtube compilation of Peter Schiff being 100% right in 2006-2007. He holds his position even though all the other analysts are mocking him and laughing at him. At some points, even the "unbiased" host makes fun of him! Please watch the video. It makes you want to punch everyone else in the video in the face.

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

Here is a very recent video (Nov 24th 2008, CNN International) where Peter Schiff tells it like it is. However, when he begins shed light upon the fact that the economic collapse was essentially ENGINEERED the Federal Reserve, his video GETS CUT OFF MID SENTENCE! As in "technical difficulty" and he is off the air.

http://www.youtube.com/watch?v=M9rECsp5768

If you've been following at all any of the outlandish things that I've posted in the past, one of the big topics is the NEW WORLD ORDER, in which the Federal Reserve is a huge part of, as well as other central banks. I will not continue to explain the Federal Reserve right now, but if you are interested you can probably dig through my older notes for more information on this subject. Of course, don't take anything I say word for word, you should look it up for yourself! But is it a coincidence that he is cut off as soon as he points the finger at the Federal Resereve??


Anyway, here is the important part. Now that I have shown that Peter Schiff is a pretty credible source regarding the economy. Since being cut off, he had agreed to an interview on a radio show called ATS Mix, which is a conspiratorial radio show based off of a forum called www.abovetopsecret.com, in which posters are able to ask questions, which are in turn asked to Schiff on the show. You can listen to it here:

http://www.abovetopsecret.com/forum/thread418895/pg1

If you are not going to listen, here is the most important thing that he said:

"The dollar is doomed. Anyone caught with dollars when the music stops is basically going to be broke."


I don't want to be fearmongering or anything, but I think what he says deserves consideration.