Current Economic Collapse Warned About in 2006

Though, many of our so-called leaders on Capitol Hill would love to insist that they never saw the current economic crisis coming, former Ron Paul economic adviser, Peter Schiff is not surprised one bit.

The following video is a debate segment on “Kudlow & Company” from August 28th, 2006 featuring Peter Schiff and Art Laffer.  Mr. Schiff warns of the coming crash due to a lack of personal savings and immaterial paper wealth from sub-prime Adjustable Rate Mortgages Backed Securities while Mr. Laffer pompously postulates how we have nothing to fear beacause of “excellent monetary policy by Greenspan and Bernake”.

Peter Schiff Debating Art Laffer in 2006

The second video is an appearance by Mr. Schiff on Glenn Beck’s television program on CNN Headline news.

Peter Schiff on Glenn Beck – September 30th, 2008

Source(s): CNBC’s “Kudlow & Company”© and CNN Headline News’ “Glenn Beck”©