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Peter Schiff: “Refuse to allow the debt ceiling to be raised”

Posted By admin On May 11, 2011 @ 2:52 am In Money Watch | Comments Disabled

RT [1]
May 11, 2011

According to Euro Pacific Capital President Peter Schiff, it’s going to take a crisis for US lawmakers to get the economy back on track. The government, says Schiff, will have no choice but to cut spending. How long will it take before they realize it though? Despite catastrophic consequences, little is being done as America approaches hitting its debt ceiling. As a result of its hesitation, the country will be greatly impacted, says Schiff.

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Peter Schiff: Refuse to allow the debt ceiling to be raised  260310banner2 [3]


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URLs in this post:

[1] RT: http://www.youtube.com/watch?v=5i4G-xp0-I8&feature=channel_video_title

[2] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[3] Image: http://purewaterfreedom.com/

[4] White House Defends Obama’s Senate Vote against Raising Debt Ceiling But Warns of Catastrophe If GOP Doesn’t Raise Debt Ceiling: http://www.prisonplanet.com/white-house-defends-obama%e2%80%99s-senate-vote-against-raising-debt-ceiling-but-warns-of-catastrophe-if-gop-doesn%e2%80%99t-raise-debt-ceiling.html

[5] Schiff: US debt ceiling talks in deadlock: http://www.prisonplanet.com/schiff-us-debt-ceiling-talks-in-deadlock.html

[6] Debt Ceiling Tragicomedy Resumes: On Today’s Symbolic, And Doomed, $2.4 Trillion Debt Ceiling Vote: http://www.prisonplanet.com/debt-ceiling-tragicomedy-resumes-on-todays-symbolic-and-doomed-2-4-trillion-debt-ceiling-vote.html

[7] Peter Shiff: Problem is the debt, not the ceiling: http://www.prisonplanet.com/peter-shiff-problem-is-the-debt-not-the-ceiling.html

[8] Do Gold Prices Rise Whenever the Debt Ceiling is Raised?: http://www.prisonplanet.com/do-gold-prices-rise-whenever-the-debt-ceiling-is-raised.html

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