Friday, October 3, 2008
Peter Schiff On The Economy, Gold, and the Coming Collapse of the Dollar
This is kinda freaky. This guy predicts whats happening with the economy today back in 2006.
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4 comments:
Frightening, really frightening. The perfect financial storm has been brewing for some time and I fear that we have yet to see its wrath.
This is very scary. I agree with Kim, we have yet to see or feel its wrath. Just remembering stories that my grandparents told of the depression is extremely upsetting to me and what we all might be facing ahead.
I too have heard Depression Era stories from my grandfather. Scary. I think, however, that his generation was more prepared to adapt to the failing economy. Point being that society as a whole seemed to be much more self sufficient and not overly dependent on others.
I like this guy. He is really smart. The others are bunch of liers. They are afraid to face the truth or they don't have the brain capacity. I have asked myself how does this economy work for a long time. America don't produce too much, most of the stuff is imported. We spend more than we have. Now is time to pay. The bad thing - people continue to rely on other institution to help them like government, "experienced" economists, Fed ( pack of greedy private bankers) or even God. Don't be scarry, be prepare.
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