This hour-long video is well worth the time. My favorite part comes at 30:00 when Peter Schiff explains what I believe to be the most crucial lesson from this crisis: it is not a failure of capitalism, but a failure of government interference. The only institutions which needed regulation, are the ones the government created: Freddie Mac, Fannie Mae, the Federal Reserve. At about 60:00, he also repeats what my liberal friends hate to hear, that Obama’s policies are very much like Bush’s.
Interestingly and, I think, appropriately, there is a grassroots movement to convince Peter Schiff to run for Senate in 2010: Peter Schiff for Senate (CT)
Nice Roman! This should keep me entertained for some time. Really polished. Nice work. I will have to tell you how I really feel. lol This is smart and organized thanks for the conveniance of compiling and writing this information. I get kind of information greedy and happy when i find a site like this. ~mike
I just finished watching a montage of him being right that sort of made me feel like I was watching “The Passion of the Schiff”
www.youtube.com/watch?v=2I0QN-FYkpw
Thank God for the internet. Accessible information makes it much harder for the liars in media and government.