This one is for you, seyelda.
At 4:00 in the second video, Peter mentions the ARMs resetting. This is all over the news right now. I guess the mainstream media decided to inform the sheeple, although the MSM and the sheeple can't seem to look forward more than a month ahead, which makes Laffer's forecasting (9 months) look pretty good compared to morons.
Art Laffer Refuses to Pay the Penny
Schiff vs Laffer