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Peter Schiff Warns of Economic Collapse and Martial Law

Investment broker and financial commentator Peter Schiff joins the show to reveal that the Federal Reserve's monetary expansion program, called Quantitative Easing, is destroying the middle class and pushing the American economy towards a cliff under the illusion of an economic recovery.

The US govt spends 10% GDP more than it receives in revenue. The US govt spending is counted as part of the GDP. Therefore, the so-called 2% GDP growth is actually -8% GDP decline. The govt and the FED are papering over the truth about the economy. All currencies worldwide are based on the US dollar. Therefore, all currencies will collapse simultaneously. The initial signs will be unexpected spikes in interest rates, bank failures, and legislation to protect (confiscate) retirement accounts.

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