Peter Schiff - The United States Vs. Europe

[kev492001]

I wonder how much debt Europe has in their smaller states, and cities within their countries?? I also think they would have to have hidden debt that people don't count like what is going on in the US.

[Appitjuh]

@kev492001 I live in Poland. Our national debt is about 55% of GDP by official measures, while real number is about 200-250% (with social security and other items that are excluded). Furthermore we have a lot of districts that are in debt (most of them I think).

Also our government is compounding the problem by adding more debt and raising taxes (even when an average guy pays well above 50% of his income in taxes).

EU will collapse, because most of the members are in similar situation.

[kennjohnsen]

@kev492001

I wonder what the real GDP is, the inflation, unemployment, and all other statistic, I'm missing a European John Williams.

[imtonasty]

@kev492001 Norway has zero debt, we are a small country with only 5 million people

[Tidoublemy]

Peter,

I listen to your radio show but lately there have been WAY too many commercials. I'm not going to tune in for 20 minutes of chat per hour!

[udical]

free market does not exist, same like equality, it simply does not exist

[korzym]

Ron Paul 2012 baaaby!!!! WHOOOOOOOOOO!!!!