The Coming Obama Recession (Video)
Yesterday, Peter Schiff appeared on Russia Today to speak about the poor fourth-quarter GDP numbers and what it means for Obama’s second term.
“I think the Obama recession is going to be much worse than the Obama recovery…I think the US is in worse economic shape. We dug ourselves into a bigger hole since 2008. The next crisis is going to be one where the dollar tanks and bond prices fall. And that’s going to be a much bigger collapse. I think the bursting of the dollar bubble and the bond bubble has much more dire consequences for the US economy than the bursting of the real estate bubble.”
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