While we watch the country's top economists flounder to and fro in their various stabs at fixing the troubled economy, one has to wonder where they were two years ago when perhaps steps could have been taken to avoid the turmoil which we are now facing.  Peter Schiff, former economic advisor to Ron Paul and President of Euro Pacific Capital, frequently appeared on various news shows including CNBC and FoxNews, back in 2006 and 2007, clips of which have been cut into a video which is a must see. Schiff predicted a recession due to "too much consumption and borrowing and not enough production and saving." In a clip in which economist Art Laffer told him that he was completely wrong, Schiff went on to say"...the disease is all this debt finance consumption. The cure is that we stop consuming and we start saving and producing again and that's a recession. Sometimes medicine tastes bad but you gotta take it.When you see the stock market come down and the real estate...(Read Full Post)