When economist Peter Schiff made predictions about an economic collapse back in 2006-2007 critics laughed in his face, but they aren’t laughing now when their own portfolios have been beaten down 40-60%.

Oddly he hasn’t received apologies from any of theĀ  head up the ass, sheep media financial commentators.

To his credit, Schiff isn’t declaring victory, noting

100% of my forecast hasn’t panned out, most notably a major collapse in the dollar that leads to a spike commodity prices.

Bury your head in the sand and use positive thinking as much as you like..

“More pain to come & economic crisis just beginning!” says Peter Schiff