I caught this yesterday on CNBC's Fast Money and, as with any Peter Schiff video, it is worth the 5 minutes of your time. The best part is definitely when Schiff mentions the Dow is not going up in terms of real money (Gold) and gets a few laughs from the hosts.
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This will make an excellent addition to Peter Schiff Was Right II.
I'd almost prefer gladiatorial games to this smarmy nonsense; at least there, you're pitted against combatants of similar strengths to make the fight seem more fair. What was that, 5 commentators as a laugh track for the snake-oil salesman up against Peter Schiff? Are they that unsure of their own analysis that they need to pack the benches with D.I.B.S. in order to make Schiff look bad? Cut 'em loose, let 'em twist when the storm really hits land.
Schiff has too much sense to have the last laugh, but he will be justified if he chooses to laugh. He tells them - "The American public is going to pay dearly for Ben Bernanke's incompetence" and ( as they laugh up a storm) "you should not be celebrating this - this is a disgrace". Schiff, please keep telling them... then they won't have their excuses when the pie hits them in the face.
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