Peter Schiff Is The Age Of America Nearing It's End?
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Good respectable interview.
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@YaHuWaHservant Highly highly unlikely: China already went through it's imperial phase and experience the resulting collapse. America is just not going through it's own imperial phase, and we haven't experienced a full collapse yet, but it will likely occur within the next decade (maybe a bit later). Now is a very good time to invest extra money that you have in foreign markets (especially East Asia) and precious metals (gold being the most popular) because our dollar is going downhill fast.
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So yeah...our entire economy is in the hands of the Chinese at this point: GO AMERICA! It's a bit too much to say that we're fucked, but this will not end well: our entire government will HAVE to change if we want to compete fairly in the global market, and right now there has been so signs of a significant shift in government. There's so much noise in our politics at this point...the substance is almost totally lost, but it will have to come back eventually. Time is running out.
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@InsurgenceRX China may have debt, but they also have our debt. Not to mention many businesses coming to them. China will be one of the last to die because of debt and as a result the business that flees to China will keep it from dying. China will turn into United States after WW2.
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The United States in 2014 will be exactly like Great Britain in 1914- still the leading military power and the most powerful country in the world, but no longer the strongest economy. And of course, the size of the economy determins everything, the size of the military and overall prestige. I know that America is in decline, but we can't yet be sure who will replace them. I don't think that it will be China.
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@pacloro if they attack us at once we're fucked.
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And this son of international merchant bankers cares about this country's middle class, why? China is run by the Rothschild allied group set up by Zhou Enlai --whose family were the Mandarin's who were mediated between Emperor of China and Bank of England controlled Opium grown in India. China is controlled by Rothschild secretly just as the US and Europe. David Rockefeller and Henry Kissinger set up for the present situation one week after Nixon's visit "opening China" Paste my peKEzwwhfaA
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this guy is a joke. China has a humongous housing bubble much larger than the size of the United States had and it will pop sooner or later. There are roughly 90 ghost cities in China where no one lives. They continue to build these cities in order to reach their GDP goals. The local governments in China are covered in debt.
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Well; Peter schift your a genious in the economic sector and Im amaized that you figyerd it out and I hope someone will put all the power piceces of china will be put together.
@alex630710 Then ur an idiot because thats how it USED TO BE! A common person was able to run for president and serve the people then go back to what they used to do. Now there are careers on this shit!? Are you kidding thats a sea of corruption!
WhatsAfterThisPlace 10 months ago 7
Fear fear danger danger fear fear terorrists terorrists, Fear fear fear, doom doom , bin ladin,,, Fear danger shock shock fear bin ladin. Fear fear fear scary scary fear fear. What are we as Americans going to do? I am ready just let me know where to meet with you all. Lets march on washington and our capitals in each state. Kick the criminals out and put in our own people. Easy as that. we elected them we can fire them . It is that simple.
lastpatriot4America 9 months ago 3