Peter Schiff, Pointing out the Obvious

Peter warns that we are near the blow off phase in US debt as the massive stimulus we have expended over the last year barely keeps the economy treading water, and economic indicators turn decidedly negative. It looks like America can no longer reap the world’s wealth by simply issuing paper for them to use as currency. If we make it through the currency crisis brought on by our central planners, we are going to have to produce once more and get used to earning what we consume .
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