Peter Schiff debates a socialist on the U.S. deficit, capitalism vs socialism

RT, Released on 10/16/18

Anya Parampil reports on new numbers released by the US Treasury Department which show the federal deficit ballooned to $779 billion during President Trump’s first fiscal year in office. Tax cuts for the wealthy and soaring military spending are blamed for the increase. Anya is joined by Walter Smolarek, Organizer at the Answer Coalition, and Peter Schiff, CEO of Euro Pacific Capital, to reflect on the news and debate the role government spending should play in stimulating the economy.

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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