Peter Schiff: Economy Is Imploding, Not Growing (Video)

Greg Hunter of USAWatchDog spoke with Peter Schiff about his latest commentary, “The GDP Distractor” and the true size of the US economy. Peter talks about whether or not you should keep your money in the banks and why Americans should expect to pay more for less in the coming years.

The standard of living has gone down remarkably despite all the technology and all the other advancements that should have made our standard of living go up. The standard of living is coming down. Why is that? I think because the economy is not as productive as it used to be. We’re a smaller economy in real terms… I think you’re going to see higher and higher prices.”

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