Russia Today’s Worlds Apart interviewed Peter Schiff yesterday about the ongoing debt problems of the United States. This long discussion addresses America’s toxic addiction to debt enabled by creditor nations, as well as America’s misplaced political priorities. Ultimately, all these problems will lead to a dollar collapse, which Peter suggests avoiding by investing commodities like physical gold and silver.
“We have really almost a parasitical relationship…with the rest of the world, with the world being the host and unfortunately, America being the parasite. We don’t have a balanced trading relationship. America imports all sorts of goods, valuable consumer goods and resources, and we export debt. We export paper, inflation.”
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