Peter Schiff on the Economy and What’s Coming Next

Last week, we fea­tured a rather pre­scient video clip high­light­ing Peter Schiff and his warn­ings in 2006-07 that that our econ­o­my is in deep trou­ble. Since then, many have won­dered where Schiff sees things going next. So NPR’s Plan­et Mon­ey (iTunes — Rss Feed — Stream) caught up with him on Fri­day and asked him just that: The upshot is nowhere good. We’ve got some deep, under­ly­ing prob­lems — prob­lems that go well beyond asset bub­bles. We’re head­ed for anoth­er Depres­sion. And it’s in part because all of the gov­ern­ment inter­ven­tion is hurt­ing, not help­ing, things. There’s noth­ing very hope­ful here. But, if Schiff is right again, it could pay to lis­ten and get his take on what the future could look like.

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