Peter Schiff and the global economyJanuary 5, 2008
In this video Peter explains why current global market volatility is caused by America’s failing consumer based economy and once foreigners learn that America adds no value to the global economy and begin to end their subsidies, they will decouple and America will fall. In that context, the following Ottoman warning is quite relevant.
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[...] who explains in great detail in his book and the video attached to last week’s article Peter Schiff and the global economy that de-coupling will occur once the rest of the world realizes that America adds very little value [...]