Peter Schiff: US lost ability to produce, can’t live without debt

Addicted to debt, moving from one quick fix to the next — this is how the world sees America’s debt ceiling saga. With its craving only temporarily satisfied, we’re guaranteed to see a rerun of the debt tragicomedy in early 2014. Is it possible to break the vicious cycle, or is it a question of postponing the inevitable? To canvass these issues, Oksana is joined by ‘Dr Doom’ Peter Schiff, an investment broker who predicted the 2008 crisis.



Categories: Business

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