Tuesday, June 4, 2013

The Price of economic Ignorance

In May 24, 2012, Peter Schiff issued a serious warning about the condition of US economy in his article, The Real Crash. I think the impact of such a crash is not only confined in the US economic shore, but would certainly affect the entire global economy. Schiff emphasized:
“When the government’s delaying tactic, which involves continuous debt accumulation and money printing is no longer tenable, the dollar could collapse, borrowing costs and consumer prices could soar and the U.S. economy could implode. That’s the real crash that I was warning about, and the one we all need to be worried about now.”
You can read the whole article here…