Watch US Debt Ceiling Talks in Deadlock News Video | Obama Calls for Long Term Solution

22 sec read

The clock is ticking down on the US defaulting on their debt, and President Barack Obama is calling for raising the debt ceiling.

I think the important part of this video is pointed out in the first section: “The very fact that we are talking about defaulting means that it’s inevitable.”

I don’t agree with everything Peter Schiff says, but I think he has the foundations of the right idea.

Sure, it sounds like a pessimistic idea, but accepting that the US is in a bad place sounds better than raising a ceiling that is already astronomically high.

August is going to be an interesting month…

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