Peter Schiff argues that the current economic problems are similar to those that led to the 2008 financial crisis, but on a larger scale. He predicts a coming collapse that will be worse than 2008, encompassing a sovereign debt crisis, a currency crisis, and hyperinflation, driven by government policies and the Federal Reserve's actions. He also discusses the housing market, explaining how government interventions have artificially inflated prices and created a situation where many homeowners are locked into low mortgage rates, making them unwilling to sell.
