Peter Schiff: “We’re Not Borrowing Ourselves Rich, We’re Borrowing Ourselves BROKE!” Mac Slavo | WHAT REALLY HAPPENED

Peter Schiff: “We’re Not Borrowing Ourselves Rich, We’re Borrowing Ourselves BROKE!” Mac Slavo

Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital Inc., has said that we, as Americans, are not “borrowing ourselves rich” as the majority believes. In fact, as with all borrowing, it’s only making us broke.

Schiff hasn’t minced words much and he continues to say that the upcoming recession is a “done deal.” Schiff also implores us to not be fooled by the optimism in the media surrounding events such as the trade war and a stock market rally. Neither will prevent the coming recession. Our debt load has ensured we will live through another Great Depression. And this next one will be much worse.

Webmaster's Commentary: 

The one positive thing you can do for yourself, is to get credit card balances down as quickly as possible; we may see several rate hikes on American debt before this year is through.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA