By Susan Duclos
The video below has comments from Peter Schiff, where he states very bluntly "Obama won’t finish his second term without the bottom dropping out."
Why should anyone listen or believe Schiff's opinion on this? Who is Schiff? Easy enough to find his bio from his website:
Peter Schiff is one of the few non-biased investment advisors (not
committed solely to the short side of the market) to have correctly
called the current bear market before it began and to have positioned
his clients accordingly. As a result of his accurate forecasts on the
U.S. stock market, economy, real estate, the mortgage meltdown, credit
crunch, subprime debacle, commodities, gold and the dollar, he is
becoming increasingly more renowned.
He has been quoted in many of the
nation's leading newspapers, including The Wall Street Journal,
Barron's, Investor's Business Daily, The Financial Times, The New York
Times, The Los Angeles Times, The Washington Post, The Chicago Tribune,
The Dallas Morning News, The Miami Herald, The San Francisco Chronicle,
The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia
Inquirer, and the Christian Science Monitor, and appears regularly on
CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V. His
best-selling book, "Crash Proof: How to Profit from the Coming Economic
Collapse" was published by Wiley & Sons in February of 2007. His
second book, "The Little Book of Bull Moves in Bear Markets: How to Keep
your Portfolio Up When the Market is Down" was published by Wiley &
Sons in October of 2008.
Mr. Schiff began his investment career as a financial consultant with
Shearson Lehman Brothers, after having earned a degree in finance and
accounting from U.C. Berkeley in 1987. A financial professional for over
twenty years he joined Euro Pacific in 1996 and has served as its
President since January 2000. An expert on money, economic theory, and
international investing, Peter is a highly recommended broker by many
leading financial newsletters and investment advisory services. He is
also a contributing commentator for Newsweek International and served as
an economic advisor to the 2008 Ron Paul presidential campaign. He
holds FINRA Series 4, 7, 24, 27, 53, 55, 63 & 65 licenses.
[WATCH]
H/T InvestmentWatch
