Peter Schiff Warns America Heading Towards Next Crash Worse than 2008 Collapse
Stock-Markets / Financial Crash Jul 18, 2012 - 03:35 AM GMTBy: John_Rolls
John Rolls submits: According to author and investor Peter Schiff, the U.S. economy is heading for an economic crash that will make 2008 look like a walk in the park. Stimulus programs can delay this day of reckoning, but only for so long and only at the expense of making the eventual meltdown much, much worse.
Schiff, who famously warned investors about the housing and financial crisis in his 2007 book Crash Proof, says the Fed's palliative efforts during the housing meltdown have made the next crisis inevitable.
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