I believe that is going to have to come from abroad. It`s going to have to be the pressure brought about by our creditors. U.S. politicians will never do the right thing until they are forced to. Why should they ever cut government spending if the world is willing to continue to buy our bonds?
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 25, 2013
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