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Economist Predicts Widespread Hunger & Cold Homes October 3, 2008

Posted by CK in Miscellaneous.
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I picked this one up from Digg. CSInvestor is featuring a series of videos of Peter Schiff, an investor who has foreseen the economic crisis a couple of years back and wrote a book about it. Schiff heavily objects the US government intervention, saying it makes things worse than they are. Instead, he supports leaving free market and the recession itself to regulate things and drive a change in the way the US economy works. Economy is not my field so I can’t argue whether he’s right or wrong, nevertheless these are highly interesting remarks. Additionally, he says that things can only get worse, and foresees social unrest.

As always, time will tell.



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