“Just another guy with a blog.  No big whoop.”

November 26, 2008

Now This Guy Is a Prophet

Meet Peter Schiff. I had never heard of him before today. Over 2 years ago, he was accurately predicting exactly what has happened in our economy. Everyone, and I mean everyone, was scoffing and laughing at his dire predictions. Well, they're not laughing any more.

My favorite part is when Ben Stein (who gets it really wrong, but whom I otherwise enjoy watching) says that Merrill Lynch “is an astonishingly well-run company.”
So well-run, in fact, that only months after he said this, the company suffered an 8+ billion dollar loss in 2007 and fired their CEO as a result.