General Discussion

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Uploaded by NewsmaxTV on Jul 7, 2011

The phony stimulus has briefly interrupted depression but as long as the U.S. spends borrowed money the economy won't recover, contends Peter Schiff, Chief Global Strategist at Euro Pacific Capital. In a Newsmax.TV video, Schiff says the dollar could lose 50%-70% of its value. He explains how he's positioning clients as the U.S. faces possible QE3 and default through inflation.



YouTube - Peter Schiff: We're in Depression, Dollar Crisis Coming