Peter Schiff, the President of Euro Pacific Capital, Inc. and adviser to the Ron Paul campaign, did a number of interviews during 2006 and 2007 in which he talked about the poor savings rates among Americans and how such poor performance would lead us to where we are now.

He was laughed at and talked down to while he said these things, yet here we are with our economy in the exact position that Schiff describes. Maybe he saw these things coming to a head while at Lehman Brothers, maybe not, either way he is a very smart man.