PEOPLE LAUGHED IN 2007 ...
at the idea that the HOUSING BUBBLE would burst and that we would have a recession.

Peter Schiff is almost laughed off the air when he predicts that the housing bubble will burst and banks will stop lending, pushing the US and World markets into a deep recession.

Peter Schiff compilation

And when the above headline says they laughed at Peter... they do indeed laugh at him as though he is a buffoon!

At least there was one person telling the truth a couple of years ago about the coming financial crash. And... if you listen to Peter you will actually hear in his warnings about what NOT to do to avert the economic crash we've seen, you will realize that our government is doing even more...MUCH MORE... of exactly what pushed the crisis over the cliff.

Now... that is pretty sobering... looking ahead with the insight that Peter shares here about what was coming in the fall of 2008.

It is kind of like Peter is talking from the advantage of hind-sight... two years before the event happens.

What do you call that...prophecy? He actually makes the case that anybody with a lick of sense should have been able to see what he was seeing.

H/T to Jeremy for the find!