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Peter Schiff Warns of a Possible Impending U.S. Economic Collapse

Wednesday, July 8, 2015 4:47

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While traders worry whether Greece will default on its loans to creditors, noted columnist Peter Schiff believes investors should be more worried about a U.S. economic collapse in 2015.

During an interview on Tuesday, July 7th with NewsMax, the CEO of Euro Pacific Capital discussed the Greek crisis and the implications of the meltdown in the eurozone. (Source: newsmax.com, July 7, 2015.)

The consequences of Greece exiting the eurozone, in his view, will be more severe from the austerity package. “The Greeks don’t want to accept cuts to their pensions,” he said, “But if they end up getting their pensions in drachma instead of euros, those pension payments will be worth a lot less.”

Continue Reading>> Peter Schiff Warns of a Possible Impending U.S. Economic Collapse

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