^^
It is great to see this Peter Schiff stand up against all those other experts. Fox seems to like to set up the one guy who will get the drilling and made to look like an idiot (usually named Alan Colmes) but Peter would not take any of it and stayed firm. Now all those losers look like the biggest idiots.
Now as far as his warnings about Obama, I am not surprised. Most of those people in the financial sector, down on Wall Street, hate any sort of regulation simply because they do not like to be bothered by it. They are taught to believe the markets must be free from regulation. This has been the rule for at least a few decades now. However, I do not see how a 3% tax increase on the rich and corporations will lead to the Great Depression. And finally, there are other players int eh field that need to be factored in. From interest rates, to the Treasury, Federal Reserve. All those factors, plus regulation, plus accountability etc, need to be taken into consideration and not just a small tax increase and regulation on the banking industry to make sure they do not f*** the balance of money any further.
But finally. Here\\\'s is the thing about Obama. He is a smart guy and he will have smart people around him. If it becomes apparent his plan is too much, he will probably scale back on some of his campaign rhetoric. Because quite frankly every president elect does. That is reality. I hope I am right.