Peter Schiff: Debt Ceiling & the Fiscal Cliff

Author: 
portos
 
Description: 

President Obama wants to make it easier for our nation to go deeper into debt supposedly to convince bondholders that we are serious about paying our bills. Of course, we can only "pay"our bills if bondholders loan us the money to necessary to make the payments . In other words, we "pay" them back using their own money, going even deeper into debt in the process. How much longer can this Ponzi scheme continue now that we have alerted the victims to the nature of the scam?

Listen to The Peter Schiff Show on http://www.SchiffRadio.com
Live and Free Weekdays 10am to noon ET
Buy my new book: The Real Crash http://www.tinyurl.com/RealCrash
http://www.Facebook.com/PeterSchiff
http://www.Twitter.com/SchiffRadio