Peter Schiff, Again...

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Peter Schiff, Again...

Post  News Hawk on Wed Jul 24, 2013 4:22 am

Just in case you think everything is rosy...

Shocked 

"Washington is engaged in a massive "campaign" to make Americans believe the economy is in recovery.  But in reality the United States is at the brink of a devastating economic crash that will cause catastrophic market losses and impoverish millions.

That's according to Peter Schiff, the best-selling author and CEO of Euro Pacific Capital, who delivered his frightening warning to investors in a recent interview on CCTV.

"The problem with politicians is they don't want to level with the voters and tell them how bad the economy really is and what the cure for the disease is," Schiff said.

The "disease" Schiff refers to is a toxic combination of our massive $16.4 trillion debt and the Fed's continued devaluing of the dollar through its controversial 7-year long "easing" program.

The Fed is currently purchasing $85 billion a month in Treasury and mortgage bonds, a form of stimulus.

Suspect 

President Obama and like-minded politicians claim this stimulus has pushed the economy forward, boosting GDP and keeping inflation low.

But Schiff says "it's another lie."]  

http://moneymorning.com/ob-article/schiff-washington.php?code=117833

Is Poppatuff up to speed with Peter Schiff?

"That's what Government does," Schiff said. "Whenever they don't like the results, they change the methodology for calculating those results."

"Maybe some of our creditors will be dumb enough to believe the hype," Schiff added.'"

There's more of Obama's lies at the link...

pale
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Re: Peter Schiff, Again...

Post  WHL on Wed Jul 24, 2013 7:22 am

Unfortunately, I share the fears with him. I don't think this economy is very good. Obama just wants us to think it is. I don't think it will improve until the dems get out of office and the reps smarten up and use some tough love. They all need to start caring about the country and not getting reelected.
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Re: Peter Schiff, Again...

Post  News Hawk on Wed Jul 24, 2013 8:10 am

That MAY just have started with defunding of ObamaCare.

Cool 
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Re: Peter Schiff, Again...

Post  WHL on Wed Jul 24, 2013 8:38 am

I certainly hope so.
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