Peter Schiff’s parable

Today we bring you a superb and brilliant short of Mr Peter Schiff, sent to us by Bogpaper reader David Roberts. Whether you agree or not that the world would be a better place without Americans, this video certainly provides some interesting food for thought.

One comment on “Peter Schiff’s parable

  1. bpq
    December 10, 2012 at 7:42 pm #

    There is a slight hint of truth in what Schiff says here, but only a slight hint. What it really shows is Schiff’s total ignorance of comparative advantage. Despite predicting the crash, Schiff does not fully understand debt either, which is pretty much why he has lost a whole ton of money for his clients in the last few years.

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