Peter Schiff Goes Viral

Nice article about Peter Schiff in Fortune magazine:

Peter Schiff: Oh, he saw it coming

(Fortune Magazine) — A couple of years ago, when Peter Schiff first began appearing regularly on TV to warn of an impending real estate collapse that would crash the U.S. economy and stock market, he was surprised and disappointed to find that he was rarely, if ever, approached by strangers in restaurants.

“I’d walk down the streets of New York and figure, ‘Gee, you know, I’m on CNBC, CNN,'” says the brash 45-year-old president of brokerage Euro Pacific Capital. “But nobody ever recognized me.”

Those days, as Schiff will triumphantly tell you, are over. Perhaps no market soothsayer has had his profile raised higher over the past six months. As one of the few talking heads who loudly, relentlessly, and more or less accurately sounded the alarm about the mortgage bubble and its consequences – in the process becoming the latest bearish commentator to earn the moniker “Dr. Doom” – Schiff has suddenly emerged as a cult hero and something of a minor celebrity.

Recently he’s even gone viral. One ten-minute video on YouTube that’s packed with some of his “greatest hits” – with, for instance, clips of Schiff predicting a brutal recession and massive credit crunch while prominent debate partners, such as writer and actor Ben Stein and former Reagan economic advisor Art Laffer, make what now sound like laughably optimistic counterarguments – has been viewed just over a million times at last count.

Read the rest: http://money.cnn.com/2009/01/20/maga…tune/index.htm

Over a million views on the video mentioned is fantastic news. I really hope people are starting to actually pay attention and trying to understand what is going on with this economy. And if they’re learning from Peter Schiff, they’ll be so much better off – and so will the rest of us who have known for quite some time that he was right all along.

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