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Peter Schiff Explains How A US Depression Can Cause A Global ‘Death Spiral’

Monday, March 25, 2013 14:18
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(Before It's News)

Published on Mar 25, 2013

Former World Bank economist Richard Duncan appeared on CNBC over the weekend explaining how the US government is delaying the economy from going into a “debt deflation death spiral” and explained how a massive depression unavoidable. According to reports, many experts share the same concern that America will go through a severe state and when this happens the world economy will follow. Peter Schiff, president of Euro Pacific Capital, explains the situation and what can be done to solve this issue.

Watch more of Peter’s commentaries on his YouTube channel SchiffReport
https://www.youtube.com/user/SchiffRe…

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Total 3 comments
  • The bankers want to kill us all so our souls will go to Heaven, get issued lightning bolts, and come back looking for the bankers.

    Not a very bright plan the bankers are pursuing.

  • I urge every American to to do 4 things if you truly are Americans!
    (1) call or write your congressman and demand Department of homeland security be made to turn over 2 billion hollow point rounds and 2700 mraps to the department of defense and or divided among the 50 states national guards units. And if they REFUSE defund them which will close the program
    (2) This is an important one! To fight the rothchild banking system which is the hand of satans power on earth do this! Remove your savings and checking accounts from every bank even down to the local credit union and pay with cash or money order! By keeping your money in the banks your supporting the banking system which is all controlled by the rothchild federal reserve system the hand of satan on earth. You will loose every dime in savings and checking anyway when they collapse the stock market and dollar before this year 2013 runs out! Just look what they did to Cyprus and that’s nothing to what’s comming!
    (3) remove all your investments from the stock market and investment plans such as 401k plans, bonds any money you have invested get it out and take the tax loss or you will loose it! This is going to be the biggest theft in human history! Why do you think Obama and his illuminati pals has bought 2 billion rounds for department of homeland security and also 2700 mraps also! They have to protect themselves and get away with the heist!
    (4) stock up immediately on 1 year supply of food for your family and they are Mormon websites that can help you real quickly on how to do this! Your food storage will not go bad in 10 years if you do the Mormon method food storage!
    Good luck folks we have entered the biblical tribulation period! GOD Speed JESUS!

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