Mises Institute

Peter Schiff’s Fortune Telling About Our Debt and China

Peter Schiff gave a speech at the Mises Institute on March 13, 2009 to a group of economists speaking about what will happen with our debt that is being held by the Chinese. One would think this is a comedy routine until Peter gets to the end of the video... It works until nobody wants to lend us any more money, and then we are going to have to default, just like Bernie (Madoff) did, and there is only two ways we can default; we just legitimately don't pay or we print money. The entire 1:16:27 speech can be found…
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