Peter Schiff: America’s Consumption Economy Is a Bubble Economy

America has turned into a consumption economy. The problem is, economies can’t run on consumption. Peter Schiff explains in this clip from a recent interview. Consumption economies are bubble economies.” A vibrant, healthy economy needs production. Because you cannot consume what is not first produced. Since our economy is so weak and we’re unable to […]

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Original source: https://schiffgold.com/videos/peter-schiff-americas-consumption-economy-is-a-bubble-economy/