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November 25, 2008 
Peter Schiff on Fast Money, the man who called the economic collapse in 2007, says what he thinks about the economy right now.
“I think what’s happened in commodities and the dollar right now, is temporary …. these prices get sold off, it’s not gonna last … it’s a bottomless pit … when this dollar stops rallying, it’s falling like a stone.”
“It can’t last … you can’t do it on leverage… The world has learned a valuable message, don’t lend Americans any more money.”
“I think next year Gold is going to hit $2000 an ounce”
It makes sense, we need to produce goods. Without creating exports and products, we have no value.
Dire predictions, see the video yourself:
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4 Comments 
bailout, collapse, Fast Money, Gold, Peter Schiff
