U.S. Could Soon Become A Large-Scale Spain Or Greece, Teetering On The Edge of Financial Ruin. Billionaire Tells Americans To Get Prepare!

U.S. Is Going To Be ‘A Lot Worse’ Than Greece

Dark days are ahead for U.S. investors.
That’s according to a well-respected author and investor, making a recent appearance on Yahoo Finance’s “Breakout.”
Peter Schiff, the CEO of Euro Pacific Capital, says that the during President Obama’s second term, the country will face both a currency crisis and a sovereign debt crisis. “It’s going to be the same thing that is happening in Europe or Greece, but it’s going to be a lot worse.”
Schiff also said the country faces higher unemployment, higher food and energy prices, and “sharply higher interest rates.”
This isn’t the first time that Schiff has painted a grim outlook for the country. A few months ago, Schiff generated headlines by saying that the economic, financial, and employment collapse the country has endured in the past few years was only the beginning. He says what we experienced in 2008 “wasn’t the real crash. The real crash is coming.”

Billionaire Tells Americans to Prepare For ‘Financial Ruin’

The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.
That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.”
According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”

He goes on to point out that the downgrade of U.S. debt is inevitable.
“We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it.”



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