Peter Schiff: The Worst Has Yet To Come

William Wei

While we experienced a devastating crash in 2009, it was just a preview for the catastrophe that's coming next, says perma-bear Peter Schiff.

The real crash will come from the "government's phony cure" for the economic troubles that have swept our nation, Schiff details in his new book The Real Crash: How To Save Yourself And Your Country.

Find out what the crash will look like and why it could have been avoided in the interview with Business Insider editor-in-chief Henry Blodget.

Produced by Kamelia Angelova, William Wei & Robert Libetti

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Anonymous

Posted: May 31 2012, 3:49 PM

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Economy is not about stocks and stock prices. Economy is about labor and production. Finance is a toll used to facilitate labor and production. As long as finance is put above labor and production (a tool more important than the goods produced) things will never work properly. A country can't survive borrowing money to buy things that another country produces.

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