Peter Schiff 2012 Predictions - aljazeera 21st Dec 2011

Peter Schiff was a guest on aljazeera english on this 21st December 2011 and he was asked to give his outlook for the US and world's economy in the coming year of 2012 and who is really to blame for the economic crisis that the world is in today : " I still think it is a depression I think we are early in it I do not think it ended when the statisticians claimed it ended I think this is going to be a long period of time as a result of the government " says Peter Schiff " a lot of the government debt is not officially part of the numbers there is a lot of government debt a lot of contingency liability debt that are real but are not included and also our GDP is a bunch of fluff so I think the US GDP is actually a lot smaller than the official statistics would reflect " Peter Schiff explains