Economist Peter Schiff states that the United States is in far worse shape than Europe. I’ve been saying this over and over again to people and it seems that because I’m not finished with school, I’m not credible enough to take serious. Well this gentleman is saying the same thing.
America is living beyond its means. The government spends more than it brings in. The country buys more than it produces. Families use credit beyond their ability to pay. The entire country and its population is in debt. Mark my words… this is going to have a very negative impact going forward.
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