Peter Schiff: “The Real National Emergency Isn’t At The Border. It’s The National Debt!”

Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital Inc. says that the real national emergency is not at the southern border.  The real ticking time bomb is the national debt.

We are headed for a train wreck in this country because of the national debt and yet nobody seems concerned about it.  In fact, many Americans have taken to emulating the federal government by getting themselves buried in massive amounts of debt as well, compounding the issue. According to Seeking Alpha‘s report by Schiff Gold, we should all we wary of the government’s overspending and desire to tax more to make up for it. Just because we haven’t suffered a crisis – YET- based on this debt doesn’t mean that one isn’t coming.

“We are headed for a train wreck in this country because of the national debt. What Trump has been building while he hasn’t been building a wall is he’s been building up the size of government, and he’s been building up the deficits that have been necessary to finance that government buildup.” –Peter Schiff via Seeking Alpha

Many have claimed that the national debt isn’t that big of a deal because it’s been growing quickly for years and nothing bad has ever happened. But Schiff begs to differ.  He thinks everyone should be concerned.

“Just because we haven’t suffered a crisis – yet- based on this debt doesn’t mean that one isn’t coming. In fact, there’s no way around it. It’s just a question of when. It’s not a question of if, it’s a question of when, and I think when is a lot closer than a lot of people think.” –Peter Schiff via Seeking Alpha

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.