US No.1 Offender To Blame For Global Imbalances

A U.S. proposal to restrict how much countries should be allowed to borrow or export has run into opposition at a G20 meeting in South Korea. Japan, Germany and Russia have criticised the so-called "planned economy" thinking. Investment strategist Peter Schiff told RT that Washington is the one to blame for creating the global imbalances that threaten the world's financial stability.

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.