Peter Schiff on US Economy & Lacy Hunt on Ineffectiveness of Monetary Policy

As the World Cup begins, the Brazilian economy is in need of a boost. Growth has been decelerating for a couple of years now. While the economy was growing at 7.5 percent in 2010, growth was down to a meager 2.3 percent last year. Edward takes a look at how the Cup might affect the Brazilian economy.

Then, we bring you part two of our interview with Peter Schiff who discusses the current state of the US economy. Schiff talks about debt, inflation, and Federal Reserve policy. After the break, Erin brings you her conversation with Dr. Lacy Hunt who believes that monetary policy is not effective with such high levels of debt in our economy.

For today's Big Deal, Edward Harrison sits down with Breaking the Set producer Manny Rapalo to talk about the World Cup, Brazil, and international soccer.

- Source, Russia Today