CHESSNOID

This Peter Schiff video is strictly his point of view on our economy.  He explains where the economy is and why it is getting worse by the government propping up the economy with deficit spending.  This video goes into detail why he feels Bernanke is wrong and the long term effects of those bad decisions of keeping the interest rates artificially low and blowing up the money supply.

Bernanke Is Wrong! The Economy Is Getting Worse, Not Better, Schiff Says

Yahoo AP:

Nothing that’s occurred in the past six months has changed Schiff’s view that America’s economy is headed for disaster. In fact, he’s even more convinced a true “currency crisis” awaits, and that China will soon stop enabling our reckless borrowing, the basis our “phony” economy. The coming collapse of the dollar and bursting of the Treasury bubble will have devastating consequences for ordinary Americans, and any investors based in dollars, he says.

The economy today is “worse [because] we are much more deeply indebted than in March,” Schiff declares. “We’ve dug ourselves a deeper hole.”