In a recent interview, Peter Schiff, the renowned gold bug, stated that he expects the United States will experience a financial crisis worse than the ‘Great Recession’ of 2008 and possibly even the Great Depression of 1929. Schiff added that the United States has far more debt than it did in 2008, and that the country’s economic downturn “will be a much worse problem when the defaults begin.”
Peter Schiff is an American stock broker, financial commentator, and radio personality. He is the CEO & chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.
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