Peter Schiff, president and CEO of Euro Pacific Capital, thinks time is wearing thin for the US economy.
sees trouble brewing in the "artificial" US economy.
"You have the federal government borrowing record amounts of money, you have states and municipalities borrowing record amounts of money, you have corporations borrowing record amounts of money, you have individuals borrowing record amounts of money," he said. "One example of this, is what's going on with a lot of these stocks — these money-losing companies," he said. "In the speculative fever that the Federal Reserve created, investors didn't care about how much money companies were losing — and they were investing in them anyway, because they just thought they would make money finding a greater fool to pay an even higher price.
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