Video: The Real Danger Is Not Going Over The ‘Fiscal Cliff’

In an interview with CNBC earlier this week, economist Peter Schiff suggested that the time for austerity is now. The real danger, he says, is not going over the ‘fiscal cliff.’

In his view, continuing down the road we’re on will only make matters worse, and eventually Asia will stop loaning money to a dead-beat customer who can’t pay back its loans.

See interview below.