PETER SCHIFF: The Housing Bust Was Just A Preview For The Coming Catastrophe

``[People] mistakenly assumed that the crash I was warning about [in 2007] was solely a housing led credit bubble. While that was part of it, I never saw it ending there. The crash that most concerned me was the one that would result from the government's response to the initial crisis. My concern was not that our economy would succumb to the disease that I had diagnosed, but instead would be taken down by the "cure" that the government unleashed to combat it.''