There’s a popular saying that even a stopped clock is right twice a day. Some people like to use that against me to justify their own lack of foresight when it comes to the problems we face in the economy. The real stopped clocks are the people in financial media who tout failing businesses and nonsensical Fed policy nonstop. They will NEVER admit when there’s a problem and it’s only after the bubbles burst that they talk about them by saying "No one could have seen this coming."

Well, I saw it coming. In this clip from Episode 710 of the Peter Schiff Show, I talk about the real stopped clocks and why they’re not even right twice a day.

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