He was right.

Peter Schiff is not perfect but he called the economic debacle that was looming quite nicely. This clip is from 2006 which is just a year or so before The Great Recession. Note that the economist sheeple he debates in this clip can't see the forest from the trees.

Private property rights? Bwhahahaha!!

So now our wise overlords what to start restricting how much control we have over our 401K plans, eh? They can't manage the federal budget but they are happy to dip their fat hands into your cookie jar. This latest move should disabuse anyone of the notion that private property rights are, or have ever been, cherished by the powers in Washington.