Peter Schiff on the bailout

[Original_Intent]

Wow, it sounds like a good idea - I have worked hard to have a good credit rating and it is hard to take action that is going to destroy that.

Maybe I should take out a big home equity line before I quit paying...

 

[HOLLYWOOD]

Quote:Schiff called the Tech Wreck in 1999, saving his clients at Euro Pacific Capital a fortune when the Nasdaq lost more than 70% of its value.

He called the bull in crude oil, days before it began a historic march from $60 to $140.

He called the sub-prime crisis and housing crash, just before the bottom fell out in late 2006.

He called the gold boom just before the yellow metal began its run-up from $480 to $1,000.

Now when Schiff says that gold will be 2K an ounce next year, I tend to believe him.

Don't tell this to that ALI finance guy on CNN... he said Schiff is wrong and threw a hussie fit!