Peter Schiff was right.

All the "expert" economists were wrong. Schiff was right. And they laughed at him. And we're still letting these "experts" run the economy.

Stephen Carson adds this Peter Schiff classic from August, 2006: "It's not wealth that's increased in the last few years. We haven't increased our productive capacity. All that's increased is the paper values of our stocks and real estate. But that's not real wealth... When you see the stock market come down and the real estate bubble burst all that phony wealth is gonna evaporate and all that's going to be left is all the debt we've accumulated to foreigners."