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Peter Schiff: 'US economy heading for disaster'

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Provider: Link: http://www.youtube.com/watch?v=xd23p22J620
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Description: America's credit rating is at risk, the unemployment is up and the residential real estate market has double dipped. Is it time to change the way the world economy works? "We are heading for a huge disaster," says Euro Pacific Capital President Peter Schiff. As the US dips from a recession to a depression, Schiff says, America needs to stop borrowing money if they want to prevent driving off the proverbial cliff.

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Tags: economy, money, economics, depression, capital, disaster, recession, borrow, debt, ceiling, peter schiff, russia today, The Way, rt america, rttv, lauren lyster, euro pacific
Category: Flag video News & Politics, Celebrity Videos