Schiff: Debt-choked America headed toward “collapse”… believes it is “too late to do anything about it”

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Peter Schiff – Future Money Trends, Dec 5, 2015  

Excerpts:
We’re broke. We’re basically living off of debt. We’ve had a huge transformation of the American economy. Look at all the Americans now on food stamps, on disability, on unemployment.
The whole economy has imploded… the bottom hasn’t dropped out yet because we’re able to go deeper into debt. But the collapse is coming.
I read a statistic… The average American has less than a $5000 net worth… it’s pathetic… we’re basically broke… but in fact it’s much less… If you actually took the national debt and broke it down per capita, the average American has a negative net worth because the government has borrowed in his name more than the average American is able to save.
The bills are going to come due. Right now interest rates are being kept at zero which makes it possible to service the debt even though it’s impossible to repay it… at least we can service it. But once interest rates go up then we can’t even service it let alone repay it.

And then the party is going to come to an end.

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But look around. A lot of bad stuff has happened. We just haven’t had the final and complete collapse. But what good is it when that happens? Now it’s too late to do anything about it.

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Peter Schiff makes a powerful argument… except for his final statement, “Now it’s too late to do anything about it.”

It is not “too late” to do anything about it.

There is one plan that eliminates debt at ground level – vast swaths of mortgage debt, consumer debt, college loan debt,

There is one plan that will dramatically reduce the scope of government control over the daily affairs of citizens and unleash the power of free market dynamics.

This plan generates immediate, massive government surpluses and pays for itself over a 10-15 year period.

It is not “too late” to act.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1242)

 

 

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