Jul 13, 2016

Any Meaningful Increase In Interest Rates Would Bankrupt The Country

We have so much debt in the United States particularly at the Government and the Fed itself and the debt is of so short term nature at the Federal level that any meaningful increase in interest rates would bankrupt the country.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.