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
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Showing posts with label aljazeera. Show all posts
Showing posts with label aljazeera. Show all posts
Wednesday, December 21, 2011
Monday, September 14, 2009
1 year after the Lehman Brothers collapse Peter Schiff on Aljazeera
Inside Story - The financial crisis one year on - Aljazeera 13 Sept 09
One year after the Lehman Brothers collapse, we are still struggling to come out of this meltdown as unemployment continues to rise in the US and Europe. Are we any safer than we were a year ago? How well paved is the road to recovery? Have we learnt our lessons from the global meltdown? And could this happen again?
Category: News & Politics
Tags:
Al Jazeera Inside Story financial crisis meltdown economic crisis Lehman brothers collapse investment bank wall street
Labels:Peter Schiff ,Ron Paul
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