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 […]

The post Blog first appeared on SchiffGold.

Original source: