Peter Schiff explains similarities between Greece and the U.S.

I previously posted the famous episode on FOX News where Schiff predicted the housing crash, and three other analysts laughed in his face.  I realize that a lot of people don't like him (in part because they don't want to hear what he has to say).  In this 10-minute presentation he opines that people in the U.S. would react the same way the Greek populace is reacting now if the U.S. responded to a financial crisis the way the Greek government and the E.U. are responding.

Thought-provoking.

Addendum:  see also some of the thoughts in the Comments section.