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Dr. Doom - Recession to Depression?

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Uploaded by on Mar 19, 2009

http://www.cbc.ca/thehour

Peter Schiff, aka Dr. Doom, is back to answer, when does a recession become a depression?

  • likes, 6 dislikes

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  • He's absolutely right. it's funny how people think he's wrong because of what they learned in high school or what a friend told them about the great depression. The truth is in the history books. If someone bothered to crack one open and read it, they might be very surprised to find what they thought they knew about the 1920s/30's is wrong.

  • True that. F $

    Peace and True Freedom are still FREE!!!

    One Love

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  • GREAT VIDEO!

  • How did the policies of Roosevelt establish the greatest economic era in history? This school of thought is backed with no actual evidence what soever. Austrian schoolers speak so highly of this as if it has ever been effective. Keynes was effective for 30 years. It was a massive public works program called World War two that ended the depression.

  • Its kind of tragic that highly educated ppl really think the economy not going to colapse! We take loan after loan and really dont have anything to back them loans up.

  • Government doesn't lobby business, business lobbies gov't, otherwise gov't would setup shop on wallstreet, there are 260,000 lobbists directly or indirectly in Washington. 50 years ago there were under 60 lobbyists.

  • LOL, lets be honest here. Government has nothing to gain from destroying middle class jobs, whereas business does. Businesses gain big time by reducing salaries. Business has a window into government where they can lobby gov't and pay it off to open the borders, allow free trade, create monopolies, and make business friendly regulation. The company with the most money wins.

  • come on dean,

    govt regulation is what kills the middle class, it doesnt prop us up, lets be honest

  • Great Video!

    DeathOfTheDollar2010. Blogspot dotcom

  • Schiff has gotten alot of things right in the past. His policies though are like playing Monopoly with no regulation or social policies. What do you get at the end? A very very very rich upper class and beggars begging for jobs at pennies on the dollar.

  • This fool is not worthy to call himself Doctor Doom! Only the monarch of Latveria may do so.

  • I agree and it seems to me Poland has been one of the few Western European countries that has actually managed their economy someone ok.

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