Why Are So Many Americans Fleeing the US Economy? (Video)

Fox Business spoke with Peter Schiff yesterday about the growing number of Americans renouncing their US citizenship because of onerous taxes and regulations. Most people probably can’t afford to renounce their citizenship, but they can buy gold and silver as a way of escaping the collapsing dollar.

I think over time, more and more entrepreneurs, young people who want to make something of themselves and who find it a lot more difficult to do it here, because of their taxes and regulations – they’re going to want to leave. And I think a lot of Americans are going to want to get their money out of the US because of the inflation that I see coming and the weakness in the dollar.”

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