Peter Schiff: We're Headed for Economic Crisis Worse Than in '07 - Fox Business 3/1/2013

Euro Pacific Capital President Peter Schiff expresses his opinion that the government's cuts are trivial, and that we need even more cuts in government spending.

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[lukasnummer1]

Peter Schiff in 2006: "It´s gonna be bad. I don´t know if it starts in 2007 or 2008 but it will be big and it will be very bad."

And now he says we´re headed for an even worse crisis? I´m sure he´s right again!

[Jy Byrd]

Bernanke just said he doesn't think the markets are over valued. Just like he didn't see the housing bubble created by the Fed in 08. When Bernanke says such things, run for the hills.

[JohnTercas]

Policitians in general really don't know how to deal with the problems arising from the economic crisis. Maybe they need to turn to professional economic crisis specialists. For example, the Orlando Bisegna Index, specialists in the economic crisis, apart from measuring the economic crisis intensity in many countries, have helped various counties with debt problems, business failures and unemployment, thus improving the economic condition of many families.

[lizardgizard2002]

Not much chanceof that before the year 3000.

[Richard Koch]

lol Wow, you think so?

[Pepsifx357]

It will make a difference as far as fox news worshiping a Republican president no matter how much he'll usurp the constitution. The left right paradigm is in the media too.

[PJinSoCal]

Sorry, Peter, but when you say "...no wheres near a record high..." (see: 1:17 to 1:23), you are quite wrong.

As of today, Tuesday, March 5, 2013, 2:35 PM EST, the DJIA has hit an all-time REAL HIGH of $1,522.62 under the current money system of floating exchange dollars. That is up six-tenths of one percent over the previous real high of $1,513.01 set 2007/10/09.

The REAL S&P hit $165.21 on Oct 9, 2007 and as of this comment, it sits at $164.55.

[jhunted7667]

the people in charge are not obilvious to whats about to happen , they are part of it , they stand more to gain than anyone , they manipulate everything , they will walk away quiet billionaires and rewstablish themselves somewhere else while the rest of the people turn to Cannibalism ( no Joke, ) not me I have made solutions for myself