Peter Schiff: The ultimate price we will have to pay will be much higher

Peter Schiff expressed his disappointment of the US Congress, stating that the governing body of the United States have put its own political self-interest ahead of the national interest. According to Schiff, the current crisis in the USA and the rest of the world is not real and when the real one arrives it will be horrific

"This one will come not because we went over the fiscal cliff, but because we avoided doing so. Going over the fiscal cliff merely represented a small downpayment on the solution. By failing to make it, the ultimate price we will inevitably pay will be that much higher", said Schiff.