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<p>[QUOTE=&quot;richardthebrave, post: 1113617, member: 20511&quot;]the problem with Schiff is that they anticipated that the dollar crash would come fast and all hell would break loose immediately.</p><p><br /></p><p>what happened instead is that the countries chose to go the loooong wait and agony of slowly divesting themselves of the dollar. foreign stocks also did not go the way he predicted them and some went their own way to oblivion instead. oil was still, well, just going up and down regularly. he was right with gold and silver though.</p><p><br /></p><p>by the way Peter Schiff was not the only one who predicted the housing bubble and dollar crash. there were already people like him that predicted it even during the early 80s. that is Adam Smith aka George J.W. Goodman who wrote his predictions on a book titled &quot;Paper Money&quot; (1981, Summit Books). but like Peter, he mistakenly thought the crash would come anytime soon (within 5-10 years after his book was printed) - that was where he went wrong.</p><p><br /></p><p>the time factor is the problem with predictions.[/QUOTE]</p><p><br /></p>

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