Schiff is hardly the flavor of the month, and a "salesman" I guess if you don't understand him or economics. He's been making your "experts" look like idiots for many years, not month. It's no secret real estate is greatly overpriced, yet Democrat and Republican fools are sinking us further into the abyss by trying to refloat a real estate bubble instead of letting it find its market price. There is no free lunch. Artificially propping up home prices comes at a greater cost.
Infinite debt with eventually no means to even pay the interest, let alone the principle, paid with money printing leads to dollar devaluation. That's not a prediction; it's a simple fact. It's occurred many many dozens of times in history without one single situation where such a foolish ponzi has worked (it's impossible to ever work. ponzis can't be sustained. not a prediction. fact). Everything you list is a deflationary drop in real value, not nominal value. Without a serious change in Obamanomic stupidity, there still would be a massive inflation of the money supply leading to dollar devaluation.
Throwing out random stats is pretty meaningless without the full picture. Japan owes the money mostly to themselves, and they don't have some bogus made-up concept known as a "consumer economy." We are increasingly in debt and owned by the world, and kept afloat by a giant ponzi known as the above mentioned bullshet "consumer economy." We are seriously screwed and lead by politicians trying every idiot move in the book for short term gain (ie, reelection) at the expense of long term collapse.
Nobody has ever borrowed, printed, and wasted money as a means to prosperity. That's not much of a prediction either. Just a simple mathematical impossibility. Put in basic terms, would a broke bankrupt individual practicing personal Obamanomics work his way out of debt by borrowing increasingly more money and then throwing the overwhelming majority of that cash into a burning fireplace? It's not much of a prediction to say no it won't help him, and it won't help the US with the government practicing the same policy on a grander scale. If you can prove that mathematically impossible concept has ever or would ever work, I'll forward you my income for the remainder of my lifetime.
The only possible way to keep ahead of this ponzi is through economic growth with significant technological advances. That's like likely to occur when you are buried further in debt and blowing what limited resources are left on consumer junk that returns nothing. But ponzi-ing your way further into the ponzi, as Obama is doing dropping trillions like they are quarters, is heading you further down the hole potentially making 2008 and 2009 look like a cakewalk compared to where this ugliness is heading.
