Descripción de Peter Schiff on Impending Economic Collapse:
'Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees More Pain Ahead There's a popular YouTube clip called "Peter Schiff Was Right" that shows the president of Euro Pacific Capital engaged in on-air debates with financial luminaries such as Art Laffer and Ben Stein, circa 2006-07. The clips show the wisdom of Schiff's dire forecasts — and, judging from the dismissive reactions, just how far he was outside the mainstream. Ben Stein publicly apologized to Schiff in a New York Times column, but Laffer refuses to admit defeat, recently telling Bill Maher his economic forecasts have a statute of limitations of just nine months. To his credit, Schiff isn't declaring victory, noting "100% of my forecast hasn't panned out," most notably "a major collapse in the dollar" that leads to a spike commodity prices. As discussed in the accompanying video, Schiff believes the recent dollar rally and commodity price weakness will prove temporary.
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