The real crash

In The Real Crash, Peter Schiff details the issues facing our current economy and predicts that if changes are not made, the worse crash is still to come. Schiff argues that the American consumers are to blame, and that the government is exacerbating the situation by creating bailouts and stimulus plans that are merely blowing the bubble back up instead of revamping the broken system. Schiff's prescription is this: we need to consume less and save more while companies invest for the long-term and the government tightens its belt. Perhaps most shockingly, Schiff declares that the only good solution is the one that no politician, debt commission, or TV talking head is proposing: America needs to acknowledge the reality, default and declare bankruptcy and begin reforming our broken system from the ground up.