Peter Schiff was interviewed January 7th by Russia Today. They point out how Schiff correctly predicted the real estate and economic collapse several years ago, only to have his warnings fall on deaf ears or be met with ridicule. 5 years later and instead of turning to Mr. Schiff or others like him for advice, the Obama administration has invited the people who were arguing against Peter Schiff and have been dead wrong for the past decade to join his economic team and give him advice. Hope fades fast in politics.
I am of course aligned with Mr. Schiff’s views on the dollar, the economy and gold/silver, but am not as convinced that foreign currencies and stocks are a great idea. Foreign currencies are still fiat money and foreign economies rely heavily on U.S. consumption, so I see them getting dragged down in the mess. Leave a comment below and let me know if you agree or disagree.