by Peter Schiff, Schiff Gold:

There is a $33.7 trillion elephant in the living room.

I’m referring to the massive national debt.

It’s pretty amazing that we have this massive animal sitting right in the middle of everything and most people are just walking around it as if it isn’t there.

But as economist Daniel Lacalle bluntly put it, the mounting deficits and the rapidly growing mountain of debt are a road to ruin.