Why the Bubble Burst

For those with an extra 76 minutes of time and interested in an explantion of why the bubble burst in pretty simple language, see the link from Peter Schiff below. Pretty good stuff. To most main stream "economists" Peter is border-line looney, but to anybody with common sense and a belief in free markets, he seems to be spot on.

Peter Schiff Video

Speaking of common sense, next book to find a home on the nightstand: the classic "Common Sense" by Thomas Paine.

Here's a old dude impersonator of Paine on Youtube...he's a bit crazy and I don't agree with everything he says (advocating protectionism, etc.), but certainly has some good points. and judging by the 2.5 million hits the video has got on youtube others must agree:

http://www.youtube.com/watch?v=pKFKGrmsBDk

and this is a more recent rant of his on the stimulus package:

http://www.youtube.com/watch?v=jeYscnFpEyA