Peter Schiff has been predicting this recession for some time now and his predictions are only getting worse. I advise everyone to listen to this as it is urgent that as many people as possible are informed about what is going on in the economy.
There is no doubt now that we are in for a long and hard road, hopefully we'll learn our lesson and change for the better.
If you liked this video, there's a playlist on youtube of many Peter Schiff/economy crisis videos:
http://www.youtube.com/watch?v=LfascZSTU4o&feature=PlayList&p=F2
3B3BE507AAE96E&index=1