For those naysayers out there who think that Peter Schiff just got lucky. This is not like Nostradamus with vague and metaphoric predictions. Peter made very clear predictions based on fundamental information that no one wanted to see at the time.
Be sure to check out Peter Schiffs book: Crash Proof 2.0: How to Profit from the Economic Collapse
Anyone who had bought into Keynesian economic theory would not see anything wrong with all of the artificially inflated “values” that he was talking about. He sees things from a true fundamentals perspective and simple supply/demand relationships. He understands that the market can be artificially inflated through several avenues, but he made his simple predictions based on the fact that you can’t fool the market in perpetuity, it will eventually correct itself.
The best things to do however is not let the markets get so out of line in the first place, which is caused by the meddling and market manipulation by the Fed Reserve and seemingly boundless government intervention.
I wonder if Peter has collected on that penny bet.
