Peter Schiff says the sequestration flap is much ado about nothing, characterizing the $85 Billion in cuts as “trivial.”
According to Schiff, we are headed for an economic crisis worse than 2008. He believes our whole economy will topple.
What is allegedly at stake is the vulnerability of the dollar. He maintains that we have learned nothing from the last crisis and continue to repeat the mistakes of the past.
What does it all mean? The bottom will drop out of the economy become Obama is finished with his second term. That’s Schiff’s prediction.