Experts: US Economic System Near ‘Collapse’

Monday, 18 Jul 2011 12:53 PM
By Tom O'Connell

Pessimism over the United States’ economic outlook ruled as speakers last week took the stage at the annual FreedomFest in Las Vegas, reports HumanEvents.com. With the Aug. 2 deadline looming for a decision on the federal debt ceiling, speakers painted a grim picture of things to come.


Peter Schiff of Euro Pacific Capital (AP photo)

“I think that all the talk about default is really an admission that the United States is running a gigantic Ponzi scheme,â€