Peter Schiff and Dr. Jim Willie: Brexit is the Match That Lights the Tinderbox (Video)

Friday, July 1, 2016
By Paul Martin

BY VOICE OF REASON
THELASTGREATSTAND.COM
FRIDAY, JULY 1ST, 2016

As a mortgage loan officer for Merrill Lynch back in 2006, I distinctly remember telling anyone who would listen that the U.S. housing market was headed for a nosedive, and telling them it was going to take the rest of the U.S. economy with it, probably the world. When the Dow was still at 12,000+, I predicted the carnage would be so bad, the Dow might very well lose 50% of its value. Needless to say, people thought I belonged in a white padded room. The mere suggestion that the floor would drop out from beneath housing prices when housing prices had been appreciating at 10% annually for years was considered blasphemy, and I was laughed at.

Prior to working for Merrill Lynch, I had been a stock broker and financial planner for some years, so after the 2008 crash people would credit my “lucky guess” based on the fact that I had an above average knowledge of the stock market and how the economy worked from my prior experience. Nonsense. After the big crash in 2008, someone suggested I read Peter Schiff and listen to his podcast, so I did, and I’ve been listening ever since. Why? Peter sums it up at 1:55 mark in the video below.

When the Host on Fox Business says she’s known Peter since high school, and he’s always been bearish, his response:

“It’s not about being bearish. It’s about being correct.”

Those were the words I used in 2006, and the words I use today. Call me whatever you want… but I’d prefer you hold off for now, and just call me correct when it’s all said and done. I don’t profess to be a genius, not hardly. I do however, profess that common sense is a flower that still grows in my garden, which is more than I can say for most TV and radio pundits.

The Rest…HERE

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