Peter Schiff Was Right (2006-2007)

Source: http://www.youtube.com/watch?v=B8r-nDBx5Jg

Peter David Schiff (born 1964) is an American economic commentator, author and licenced stock broker who currently serves as president of Euro Pacific Capital Inc., a fully accredited brokerage firm based in Darien, Connecticut.

Schiff is best known for his bearish views on the United States economy and for predicting the economic crisis of 2008. He has risen to media prominence following the publication of his book Crash Proof: How to Profit From the Coming Economic Collapse. Published in early 2007 and written over the previous two years, Crash Proof correctly predicted the subsequent collapse of the US housing bubble and the consequent financial crisis, including the failure of Fannie Mae and Freddie Mac and the obliteration of the US based financial sector.

Aside from his writings, Schiff maintains a significant media presence, often appearing on US financial newsprograms on networks such as CNBC, CNN, CNN International, Fox News, Bloomberg TV and Fox Business where he is generally booked to provide a bearish counterpoint to more bullish commentators.

Schiff also hosts a live Internet/shortwave radio show called "Wall Street Unspun, which is available in podcast format."

Schiff is a supporter of the Austrian School of Economics and the Ludwig von Mises Institute, and was an economic adviser for fellow Austrian Ron Paul's campaign in the 2008 Republican Party primaries, through which Schiff also expressed support for sound money, limited government, and free market capitalism.

His father is tax protester Irwin Schiff.