U.S. Could Soon Become A Large-Scale Spain Or Greece, Teetering On The Edge of Financial Ruin. Billionaire Tells Americans To Get Prepare!
Investmentwatchblog.com
June 17th, 2013
U.S. Is Going To Be ‘A Lot Worse’ Than Greece
Dark days are ahead for U.S. investors.
That’s according to a well-respected author and investor, making a recent appearance on Yahoo Finance’s “Breakout.”
Peter Schiff, the CEO of Euro Pacific Capital, says that the during President Obama’s second term, the country will face both a currency crisis and a sovereign debt crisis. “It’s going to be the same thing that is happening in Europe or Greece, but it’s going to be a lot worse.”
Schiff also said the country faces higher unemployment, higher food and energy prices, and “sharply higher interest rates.”
This isn’t the first time that Schiff has painted a grim outlook for the country. A few months ago, Schiff generated headlines by saying that the economic, financial, and employment collapse the country has endured in the past few years was only the beginning. He says what we experienced in 2008 “wasn’t the real crash. The real crash is coming.”
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