Schiff gets the last laugh, he is the guy who got it right more than 2 years ago. Who is Peter Schiff? Peter Schiff is the President of Euro Pacific Capital. On August 28, 2006 Peter Schiff did an interview on CNBC where he predicted what this recession would cost the American people. To read more from Peter Schiff go to Peter Schiff Channel

Here’s Peter Schiff’s Economic Forecast For the Up and Coming

• Major decline in the dollar
• Commodity stocks will rise (including Gold)
• We’ve only just begun the economic crisis
• There is no quick fix for years of reckless spending — The American people will undergo a painful transition and will have to lower their standard of living

Peter Schiff has been right in the past — do you think these above forecasts are right too?

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