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Mainstream media reporting the truth about the economy? 180 degree turn, heads up.

Peter Schiff on Yahoo news!!! Wow, someone who actually knows something about what's really going on in the economy...on mainstream media??? Pinch me.

Dear Readers, if I actually have any readers....

I am delighted to report that Peter Schiff is on Yahoo News.  Why am I delighted?  Because mainstream news does not often, if ever, invite financial guys who have been right for the past ten years.  They usually have the kind of financial guys who are clueless, as in, "Gee, we didn't see this housing debacle coming," or, "We didn't see this downturn in the economy coming," or, "Gold is in a bubble, get out now...oops, well anyway, never mind." ...whine, whine.  Let me tell you, in no uncertain terms, plenty of smart guys out there knew exactly what was coming.  I was teased by friends about selling my condo in 2006, because I was listening to guys like Peter Schiff.  (Many of these same friends now call me for financial advice.)

So if you've been listening the mainstream news to help you make wise decisions, yes, the same mainstream news that has talked about a "recovery" for the past three years...then I suggest you switch channels.  Check out Kingworldnews.com or sgtreport.com.  But for now, listen to Peter Schiff.

http://finance.yahoo.com/blogs/breakout/america-heading-towards-collapse-worse-2008-europe-says-155504860.html

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Eric Lieberman July 18, 2012 at 03:18 PM
June - I have been impressed with Peter Schiff since I saw video of him in New York city going down among the Occupiers and explaining our hosed up financial mess. He was patient, clear and engaging as he stood their in his dark suit and white shirt looking all the world like a banker...but sounding like a guy that really wanted to educate people. It is so good that he is making it into "main stream". Maybe people will learn from him. By the way, you DO have readers! - Eric
Eric Lieberman July 18, 2012 at 03:19 PM
And yes, I know I misspelled "there"...E.
Sully July 20, 2012 at 02:50 PM
I hope he's mistaken this time. With all of the political gridlock, I have no doubt the economy will not improve, but his scenerio would be mind boggling if it were to occur. In his judgement, what can be done, if anything, to prevent this, and also, what overall reasons does he use as to why this will happen? How long does he see this as being in the making?
Jim July 24, 2012 at 12:17 PM
The US is no different than Rome in 465. Same culture, same politicians. Human nature at work. What? You think Americans have learned to avoid history? Just a little arrogant, don't you think.

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