The Prophet of (Financial) Doom?

If you're anything like me, you're completely through with this country's economic "leadership" (couldn't we be making this stuff up as we go along as well as Paulson?). So it's interesting to look back at this top clip of Peter Schiff of Euro Pacific Capital appearing on various shows in 2006-7 completely predicting the financial collapse we're now in. So if Schiff really is so much smarter than everyone (wait'll you see the screaming matches where EVERYONE told him HE was crazy!), could this clip below be right, where he predicts an Obama administration could plunge this country into turmoil like we've never seen before? Right off the bat some of his "thesis" seems greatly flawed to me, like his contention that Obama would be "big government" (versus what he doesn't say -- but could ANYTHING be bigger than what we have now?) or how things got so much better when Reagan replaced Carter, never mentioning that the Gipper left us in more debt than this country has even known. But given how right he was before, I guess he's at least worth hearing out.