Peter Schiff: This Is The Beginning Of A Much Bigger Crisis

"It's not a volatile economy, it's a bubble economy. Thanks to the Federal Reserve, they inflated an even bigger bubble, on purpose, than the one they inflated by accident that popped in 2008. 

And so the economy is in much worse shape structurally today than it was before it fell apart the last time. 

So, this is the beginning of a much greater crisis, of a much greater recession than the one that we experienced back in 2008."

- Source, Seeking Alpha