Peter Schiff and the global economy

January 5, 2008

Category: Economics, Trends Email Email    Print Print    

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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    1 Comment »

    Pingback by The China de-couple theory : Little Bites of Point
    2008-01-08 09:21:53

    [...] 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 [...]

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