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PETER SCHIFF: We Are Headed towards The Perfect Storm

Peter Schiff : The perfect storm is the real fiscal cliff that we’re going to go over. The real fiscal cliff is when we can’t borrow any more money because our creditors wake up to the fact that we’re no good for the debt and interest rates start to rise. They (interest rates) rise sharply and then we have to choose between default and collapse, or runaway inflation. That’s really the perfect storm and unfortunately we are sailing right in to it. - in businessinsider
Peter Schiff
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Mad as Hell

[This movie was released in 1976 but everything he says is pretty much true still today but worse. It is intresting in that this guy had no idea of what was going on and no idea of what the solution was like we do now. ~ Keb] Howard Beale Network 1976 I don’t have to [...]

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