Feb 06, 2009

Here is a short video that provides an analysis of what Schiff calls "the Ponzi economy." He argues that the country will be worse off with the government's economic stimulus package. He compares Bush to Hoover and Obama to Roosevelt. We seem to be repeating all the mistakes of the past.

"The economic crisis is only just beginning," says Peter Schiff. Since he is one of the few who foresaw the current crisis and was willing to be laughed at, I think he deserves to be heard today.

http://finance.yahoo.com/techticker/article/169781/Peter-Schiff:-Stimulus-Bill-Will-Lead-to-