Tag Archives: Crisis

Video: Early Warning of Financial Crisis

Peter Schiff is the author of “Crash Proof: How to Profit From the Coming Economic Collapse,” published in 2007. He is well known for his “bearish views on the United States economy and for his prescient predictions of the economic crisis of 2008.”

The short video interview below is shocking and reminds me of Cassandra from Greek mythology who foreswaw the destruction of Troy but no one believed her. Note how the journalists from Fox News and other channels laugh at and ridicule Peter Schiff for his “outlandish” predictions.

Click on video below to play the interview.

Click to play Video

Click to play Video

We observe the same dynamic in the field of conflict early warning. In Barney Rubin’s book: “Blood at the Doorstep: The Politics of Preventive Action,” published in 2002, he notes that at-risk communities may not believe rumors of impending armed violence; “to the Hitlerian technique of the Big Lie we must add that of the Horrendous Truth—a truth so awful that one can hardly credit it” (p 139). No pun on credit.

So my question is, if the early warning is there, in a published book, on news programs, etc., is warning or response the problem?