Monday, October 21, 2013

Peter Schiff: US lost ability to produce, can't live without debt (VIDEO)








Addicted to debt, moving from one quick fix to the next -- this is how the world sees America's debt ceiling saga.

With its craving only temporarily satisfied, we're guaranteed to see a rerun of the debt tragicomedy in early 2014. Is it possible to break the vicious cycle, or is it a question of postponing the inevitable?

To canvass these issues, Oksana is joined by 'Dr Doom' Peter Schiff, an investment broker who predicted the 2008 crisis.




Addicted to debt, moving from one quick fix to the next -- this is how the world sees America's debt ceiling saga.  (VIDEO)
 

America is a debt addict and won't stop "using" until the world cuts off loans (VIDEO) 

    

USA is addicted to debt  (VIDEO) 
 

US lost ability to produce, and can't live without debt (VIDEO)
 
 
 

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