|
|
|
In 2006, Peter sounded the alarm that the US economy was facing significant challenges as the credit and housing bubbles neared deflation. His numerous appearances on national television predicting the recession were met with skepticism by established insiders, but Peter continued to warn of the coming economic collapse. In 2007, Peter authored the bestselling “Crash Proof” in which he warned that upon the economic downturn, the federal government would mis-read the situation, over react and propose solutions that would actually undermine any possible recovery. As Peter predicted, the government has grown at an exponential rate and has choked off the free market system from bringing economic renewal. He is entering a crowded Republican field that hopes to challenge incumbent Democratic Sen. Chris Dodd, who chairs the Senate Banking Committee. Schiff's candidacy, however, is likely to take a very different tact than many of the other Republicans because he comes from the Rep. Ron Paul wing of the party that espouses libertarian views such as reining in the Federal Reserve.
|
