Tuesday, April 16, 2013

The Real Crash is coming , Our standard of living is going to fall

Peter Schiff : the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.” “If we keep doing this policy of stimulus and growing government, it’s just going to get worse for the average American. Our standard of living is going to fall . . . People who are expecting Social Security can’t get all that money. People expecting government pensions can’t get all their money . . . We simply can’t afford to pay them.” Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies