Peter Schiff appeared on CCTV last night to discuss Congress’ upcoming debt ceiling debate. Peter predicts more political theater, with Congress proposing no real solutions for curbing spending:
“Congress is not going to act responsibly until it is forced to do so by a real crisis. I’m talking about a crisis that is similar to what’s going on in countries like Greece. We’re going to have to have a currency crisis, a sovereign debt crisis, where the world that is financing our profligacy stops doing it.”