T Nation

Peter Schiff Montage

I love watching the reactions from the people he talks to. They seem to always have an incredulous look on their faces as he breaks it down Bedrock-style for them.

America’s Trade Deficit is 900B/year

That’s clearly a lot, but its still a fraction of America’s total GDP. It certainly needs correcting, but I don’t think it’s so terrible that it justifys what Peter Shiff is saying. It’s not even the highest Deficit/GDP ratio.

Very enjoyable listen. He makes a lot of sense … no country can be all things to all people forever. You can’t be just a consumer forever.

Fiat money always eventually destroys whoever embraces its use.