Who Knew?

A couple of thoughts. I know very little about Peter Schiff and this video was edited to show the highlights of his commentary. That being said, one has to appreciate the prescience of his forecasting. Secondly the arrogance of the other commentators is horrific. Admittedly this is television and such brashness makes for good tv. As a result in the end it works to make Schiff come off all that much more of a level headed adult vs. an optimistic cheerleader.





Also thinking in retrospect how many people intuitively knew he was right but chose to accept the more optimistic path. I take no glee in the fact that the economy is in the toilet, as matter of fact it is hitting too close to home for comfort. That being said it is interesting watching so many Fox News personnel be so arrogant and so wrong. Especially Arthur Laffer. He is the gentleman who established the Laffer Curve http://www.investopedia.com/terms/l/laffercurve.asp?viewed=1. The Laffer Curve is the basis for the "trickle down" economics philosophy of Reagen and Bush. It would be more gratifying watching these lowlights of his ,if it weren't for so many people suffering.