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Schiff: US debt ceiling talks in deadlock

Posted By admin On July 12, 2011 @ 3:07 am In Money Watch | Comments Disabled

RT [1]
July 12, 2011

With debt ceiling talks continuing and President Obama insisting on a long-term solution, the US is just three weeks away from a financial collapse. International investors such as the Chinese and rating agencies are already concerned, so what happens if Washington doesn’t raise the debt limit? Peter Schiff, president of Euro Pacific Capital, talks to RT’s Lauren Lyster.

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