Peter Schiff Fox News Housing Bailout Savings Dollar

12-6-2006 Peter Schiff appeared on Fox News Bulls and Bears on December 16, 2006, and warned about the future of the economy. Playing fast and loose with money and endlessly borrowing would come back to haunt us, he said.

He was overwhelmingly laughed at for his assertions. Our housing market is great!, they proclaimed, fighting through fits of giggling.

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"I have put thousands of Americans away for tens of thousands of years for less evidence for conspiracy with less evidence than is available against Ollie North and CIA people. . . . I personally was involved in a deep-cover case that went to the top of the drug world in three countries. The CIA killed it."

— Former DEA Agent Michael Levine CNBC-TV, October 8, 1996