Peter Schiff: US lost ability to produce, can't live without debt

http://www.youtube.com/watch?v=ekfkCXoWe60

Published on Oct 20, 2013

Addicted to debt, moving from one quick fix to the next -- this is how the world sees America's debt ceiling saga. With its craving only temporarily satisfied, we're guaranteed to see a rerun of the debt tragicomedy in early 2014. Is it possible to break the vicious cycle, or is it a question of postponing the inevitable? To canvass these issues, Oksana is joined by 'Dr Doom' Peter Schiff, an investment broker who predicted the 2008 crisis.

FOLLOW: Oksana Boyko on Twitter http://twitter.com/@OksanaBoyko_RT

RT LIVE http://rt.com/on-air

Subscribe to RT! http://www.youtube.com/subscription_c...

Like us on Facebook http://www.facebook.com/RTnews
Follow us on Twitter http://twitter.com/RT_com
Follow us on Instagram http://instagram.com/rt
Follow us on Google+ http://plus.google.com/+RT

RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.


Category

News & Politics

License

Standard YouTube License