Peter Schiff: US Lost Ability to Produce, Can't Live without Debt

Addicted to debt, moving from one quick fix to the next -- this is how the world sees America's debt ceiling saga. With its craving only temporarily satisfied, we're guaranteed to see a re-run of the debt tragicomedy in early 2014. Is it possible to break the vicious cycle, or is it a question of postponing the inevitable? To canvass these issues, Oksana is joined by 'Dr Doom' Peter Schiff, an investment broker who predicted the 2008 crisis.