Quotealex

I hope the Saudies will not heeds his advice or else it could get ugly
https://youtube.com/watch?v=_OJOefg-7wo

$5 submissions

Peter Schiff's predictions are 3:3 His prediction for the next 3 years isn't very pleasant. Let's all hope he's wrong. However, based on how things are going, I have a feeling he'll be 4:4.

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Quotealex

what was his other 3 predictions?

Iron Fist

Schiff's prediction that the US Dollar would collapse along with the housing bubble has so far not come to pass, with the US Dollar Index rising from 80 points in July 2007 to 83 points in January 2009, a climb which actually accelerated as the US financial crisis became more acute in September 2008.

Similarlly, Schiff's prediction that the US financial crisis would cause a greater fall in US equity prices than in non-US equity prices has so far been inaccurate as in 2007-2008 most international equity markets fell further than the US markets. Using the broadest available measures, the MSCI US Broad Market Index was down 34.83% in 2008, while the MSCI All Country Ex-US Index was down 42.86%. [16].

Gold and precious metals during this period have performed significantly better than equity prices, with gold losing only 3.77% and silver 5.38% of their USD values in 2008. Yet with gold under $1,000 per oz, and silver under $20 per oz, precious metal prices have not seen the dramatic run up Schiff has been predicting.

http://en.wikipedia.org/wiki/Peter_Schiff

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i like waffles

$5 submissions

Dot com Bubble (someone correct me if I'm wrong on this one--I've heard this referred to by a commentator), Housing Bubble, Finance Bubble.

As for him being wrong on the dollar crashing--it's still too soon to tell. He did mention that his predictions aren't short term and while he did mention the sequence, it's anyone's guess how quickly the dollar crash will (if ever) follow the housing/finance bubble crash.

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