Peter Schiff : Obama Hands Trump a Hot Potato

Debt remains the true driver as that is how Dollars are created. Our currency has not been backed by industrial production or commodities since the early 1970s. How it is and what needs to be done are two entirely different concepts. I am far more concerned with how it is and how to deal with it...TODAY rather than some fix which is impossible under the current Ponzi Scheme dynamic. This system cannot be salvaged. That is the dismal reality. It will be replaced. But it is not fixable. It is far beyond that state.











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