As part of Antiwar Radio’s week long series on the economic crisis in association with Ron Paul’s Campaign for Liberty, Peter Schiff, president of Euro-Pacific Capital and former advisor to Rep. Ron Paul’s presidential campaign, discusses the coming multi-trillion dollar bailout of the bankers for their bad loans, the America’s addiction to cheap credit, the need for America to start producing more to match our consumption, the government’s fixing of a bubble with another bubble, the case for slashing government and restoring a system of sound money based on gold, and the toxic investments of Credit Default Swaps.
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