Peter Schiff: The Global Economy Is In A Depression, What’s Happening In Germany Is Happening All Over The World !

[youtube=http://www.youtube.com/watch?v=VC_om01yILM#t=250]

• PETER SCHIFF: The Global Economy Is In A Depression, What’s Happening In Germany Is Happening All Over The World! 
  by PETER SCHIFF, http://blog.europacmetals.com/ 
  Jim Rickards, author of The Death of Money, was interviewed on RT. Jim checks off a daunting list of countries around the world experiencing economic difficulties and offers analysis of what is really going on.
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  What’s happening in Germany is happening all over the world. Germany’s economy contracted… Italy’s already contracted. France has two quarters in a row of zero GDP. The United States in the first half [of 2014]… did not even grow 1%… China is slowing down, and of course, Japan fell off a cliff. If you look around the world, it looks like we’re going into a global recession, except I would say this is a continuation of a global depression that began in 2007… This is not a normal recovery, not a normal business cycle…

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