Tuesday, July 14, 2015

Greece crisis is a warning to America

This is what happens when politicians promise more than their taxpayers can pay. Politicians on both sides of the Atlantic are guilty of this. They pander [to] the voters, they make all sorts of promises and when the bills come due, it's a crisis and they're going to come due in more countries than Greece.

They're going to come due in America and unfortunately there's a lot more bills that we can't pay.

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009