September 22, 2009

We Have An Economy That Is A Big Leveraged Pyramid

"The people who are touting this recovery still don’t understand the real problem we have to recover from,” Mr. Schiff says in an interview with the Financial Post. “We have an economy that is a big leveraged pyramid - it is almost like a Ponzi [scheme] economy. It can’t work. The problem is the politicians find a way to bring it back up.”


Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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