Peter Schiff : we are in a depression not a recession

Peter Schiff : we are not in a recession this time we are in a depression unfortunately we did not lose enough jobs because president Obama still has his , he thinks we are on the road for recovery , no he put us on the road for ruin , he is there bragging about how the government saved the auto industry they put the final nails on the coffin of the auto industry we would have a much better auto industry if we had allowed them to go through a legitimate restructuring through bankruptcy instead all we did is turn the keys over to the UEW and now we gonna have a less competitive auto industry than would have been the case had we allowed the markets to do it ,





If the Federal Reserve keeps pumping more money out of thin air into Social Security and the Fractional Reserve Banking ponzi scams to prevent them from collapsing, the dollar will hyperinflate!