2 years ago Peter Schiff was predicting the economic collapse that is happening now and everyone was laughing in his face and telling him hes an idiot. This is a particularly good clip where some guy called Laffer is telling him he doesnt have a clue and everything will be fine and offering to bet on it. I guess its time to pay Schiff his money...

http://www.youtube.com/watch?v=LfascZSTU4o

Now hes saying things are gonna get really bad and everything is gonna go to shit even more because the govt is making it worse. Theyre obviously talking about america but the whole world is gonna be affected. This show is pretty interesting talking about how fucked up things are its really scary. They also say Obama might actually make this whole thing way worse...

http://www.europac.net/Schiff-CNN-10-6-08_lg.asp

Eveeryones thinking Obama is gonna save the US but chances are, whoever gets in, is gonna have an impossible job no? Theyre basically gonna be responsible in one of the most depressing times in US history and are gonna fail regardless of what they do.

I guess its time to start stockpiling food and buying gold.

I realise this is a daytime centric thread so i will have to bump it tomorrow.