What the *&*%# is going on with the Economy

The following video is of Peter Schiff of Euro Pacific Capital, delivering the keynote speech at the annual Austrian Scholars Conference at the Ludwig von Mises Institute, on...

'Why the Meltdown Should Have Surprised No-One'

Discover:

• the real reason why we had a stockmarket bubble?

• the real reason why we had a real estate bubble?

• why the free market solution is better than the Government solution.

• why the Government and the Fed were the cause of these bubbles. (No, it wasn't the free market, like you're being told.)

• why failed companies need to be allowed to go bankrupt.

• why we need a recession now, badly

• the potential negative effect of the current bailout and stimulation packages.

This is a long video (1hr 16 min). But time will fly - it's a great presentation, and very simply explained for those of us not trained in economics.

This is important. Check out this video...