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May 1, 2013

The Crisis Is Imminent

“The crisis is imminent. I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems. We’re broke. We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.” - in ETF Daily News

Related ETFs: SPDR SP 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA)

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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