Peter Schiff thinks that the main reason why the dollar hasn’t collapsed yet is because there’s a false perception that Europe is in worse shape than the United States.
“We are exacerbating our problems,” Schiff tells Business Insider editor-in-chief Henry Blodget. “We are going deeper and deeper into debt. It doesn’t mean that we’re not going to have a day of reckoning. It just means when it comes, there’s a lot more to reckon with.”
Watch Peter Schiff explain why the day of reckoning has been delayed for so long below:
Produced by Kamelia Angelova, William Wei & Robert Libetti
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