Peter Schiff, best-selling author and chief economist of Europac, has warned about the coming of a new great depression period in America. In an interview, Schiff stated that official Consumer Price Index (CPI) numbers were designed to mislead the public and that the country was going to face a depression worse than the one it faced back in the 1930s.
Peter Schiff Warns of Great Depression With Prices Rising
Peter Schiff, economist and best-selling author, has warned about an upcoming economic crisis that will unleash a new Great Depression far worse than the one the U.S. faced back during the 30s. In an interview, Schiff commented that this crisis will be in part originated by the high inflation levels that the government is fueling by increasing public spending, which will affect the qualification of the U.S. public debt.
Schiff stated:
We’re going to have a crisis because we do raise the debt ceiling. Because we’ve continued to raise that debt ceiling instead of dealing with the
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