The State Manufactured Economic Crisis (Video)

Peter Schiff comments on the Great Depression, the New Deal, crony corporatist capitalism, the phony US economy, Bush, Obama, and notes the mistakes being repeated in the present by US policy.

Peter Schiff, contrarian forecaster of the economic crisis in the US and former economic advisor to the Ron Paul campaign, discusses the American culture of consumerism and central economic planning (fascism) that is the cause for economic crisis.

In this part, Mr. Schiff comments on the Great Depression, the New Deal, crony corporatist capitalism, the phony US economy, Bush/Obama, the cluelessness of politicians and notes the mistakes being repeated in the present by US policy. Mr. Schiff shows how government creates the problems we face so the People are forced to empower the government in the search for solutions — the State as the window-breaker.

(Jeff Rense four-part interview with Peter Schiff – 14 Jan 09)

Part Two (9:33):

(Note: Mr. Schiff discusses Zimbabwe’s Z$100 bn note. Days after this interview, Zimbabwe printed a Z$100 trillion note worth an estimated US$33.)