Peter Schiff 1/2/09 - Bloomberg Money & Politics

In this video Peter says that 2008 was the worst year "ever" for stocks, but he thinks that they will be headed a lot lower in 2009, 2010, and 2011. He says that everything that Obama has promised is going to be destructive to the entire U.S. economy. In regards to Bernanke being a "student of the Great Depression," Peter says, "if he were my student, I would have flunked him." Peter then talks extensively about the Great Depression and how it was the government that created the depression.net