Peter Schiff - Hustle Bear: Man of the Year 2010

The best explanation for what happened to our current economy came in 2006, way before any crash, when Peter Schiff spoke at the 2006 Mortgage Bankers Convention (video at the end after the break). He explained in great detail exactly what was about to happen to our economy and why. He explained this to a group that was making money hand over fist and full of excitement over the expected further good fortunes coming to them in their future. After the speech one member of the audience stood up and asked “As a lender and a property owner… should I just slit my wrists now?”

That may have been a joke meant to mock Peter Schiff. Few wanted to hear what he had to say. Fewer would believe him. Not because what he said didn’t make sense, not because they had a deeper understanding, but because they just didn’t want to believe what he said could possibly happen. He wasn’t the only one saying the exact same thing, it’s just he was the most visible, vocal and articulate.

Peter Schiff is a very important person to listen to right now. Less of a modern Nostradamus and more of a modern Paul Revere, he has been warning us of a coming catastrophe. Warning that there was still time to correct our path. We laughed at him.

The following video is one of the most powerful videos I have ever seen:

(spread this around and share this video as much as possible)

How was he able to speak with such certainty back then about   Continue Reading >>