Americans Are Broke. We Have No Savings.

"Look at all of the companies that are reporting bad earnings here in the United States such as McDonald's (MCD). It's America that's going to be the problem, because Americans are broke. We have no savings, we're leveraged up to the hilt, we're borrowing money just to keep our economic heads above water." - in Money News

NEW WEBSITE: SCHIFF ON THE MARKETS (CLICK HERE)

You can keep reading Peter Schiff`s market updates and commentary on this new website: Schiff On The Markets (click on the link or on the image below to access the new site)

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. Visit the new website Schiff On The Markets for exclusive content.