Peter Schiff participated in the 2013 MoneyShow in Las Vegas this week. Below, you can watch his keynote speech, “Too Big to Bail: Why the Next Financial Crisis Will Be Even Worse.” Peter reviews the history of the last financial crisis and explains how the coming crisis is built on the same foundation of bad money.
“The problem is that we, collectively as a society, we spend too much, we borrow too much, we don’t produce enough, we don’t save enough… Our savings are going through the floor and we keep on speculating in the stock market and real estate. The government keeps on borrowing and spending money. And the balances that underly our economy, these structural imbalances, get bigger and bigger and bigger.”
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