Government Should Refinance All Home Mortgages To 4%

Perer Schiff talks about Bill Gross home mortgage bailout idea, Fannie Mae, Freddy Mac & the Government Motors IPO

The massive debt in the system, public and private, must be eliminated. We (the USA) can do it now in a planed way and there will be pain. Or, we can keep kicking the can down the road and wait till it comes crashing down on its own and the pain will be so much worse because the damage we have done to the economy will be so much worse. We need to stop digging our own grave with all these bailouts and TARPS.

Peter called the crash back in 2006 and was laughed at on CNBC. He has backed up his statements a hundred times over in past videos. He has a track record you can look up. Peter adheres to the Austrian school of economics. Check out the Von Mises Institute web page. They have a ton of vids and reading material that backs up everything Peter says. Also check out vids by Dr Marc Faber, Karl Denninger, Kyle Bass and Jim Rogers

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