Peter Schiff Was Right 2006 - 2007

I remember being asked the question, "Where were the dissenters during the economic boom? Where were all the naysayers during the economic free-for-all?" To this I would always respond, I was there saying there was no way we could sustain our buying habits. There was no way that houses could keep doubling in price every 6 months. It is impossible to continue as we have and many didn't listen then as they are not listening now.

I will continue to state that we cannot continue spending money as we have putting everything on credit and expect life to continue forever in this way. Social Security is a ponzi scheme that is unsustainable, health care cannot be reformed with a public option, government spending is not the solution to stopping a recession, and you cannot borrow your way out of debt.

I know that I catch a lot of flack for refusing to state things in a more diplomatic way, but if being diplomatic means that I cannot state the reality of our society's condition, then I refuse to be diplomatic. I am willing to be a Churchill while Chamberlain is in office. I don't mind being in the minority as long as America understands that I hold to no party line, but to principles that supersede them, like limited government.

This blog is a small effort to legitimize what Peter Schiff has been saying all along and his day of redemption is coming. Many are finally starting to realize that he knew exactly what he was talking about when the world was laughing at his predictions.

**Raises a glass**

Here's to you Peter, for not following the crowds off the cliff.