mcelroy, the author of "the art of being free." you're watching book tv. >> and now from the freedom press -- freedom best, book tv sits down with ceo and chief global strategist of euro pacific capital incorporated and are using is put the real crash that we replace the housing bill will with the government completed bubble that will initially popped and cause another economic collapse. this is about 25 minutes. >> and now joining us on book tv is peter schiff, the author of the real crash, america's coming bankruptcy, how to save yourself and your country. here is the cover of the bush published by st. martin's press. what do you mean when you talk about the government bubble? >> the government bubble is -- let's go backwards. two big bubbles. we had the stock market bubble because initially a lot of that cheap money that was applied to the economy by the fed went into the stock market into a lot of these crazy stocks. we had a funny economy based on all that stock market wealth. well, that bubble burst. and it was kind of replac