Peter Schiff Predicted the Recession in 2006

The latest big media parlor game revolves around why no one predicted the recession. Of course, many people had been arguing that America's consumer-debt driven economy was due for a correction. The mainstream media did everything it could to marginalize those voices of dissent up until the point of the crisis.
The video above shows Peter Schiff, an economic adviser to Dr. Ron Paul, predicting in 2006 that the wealth created by inflated stock and housing markets was illusionary and that an economic crisis was on its way due to America's monetary policy and collective debt. Both the CNBC moderator and former Ronald Reagan adviser ....