Peter Schiff on CNBC 12.29.08. We squandered our wealth, let our infrastructure and industrial base decay, borrowed and spent too much, we still have over-valued assets and have people employed in sectors that shouldn't be.
Part 1:
Run away from the dollar! It's being inflated by the Fed. Going to collapse. Substitute "inflation" for "stimulus". Commodities is what Peter likes.
Part 2: [starts around 2:30]
Government is forcing us to borrow, substituting Government debt for private debt, pouring gas on our inflation worries. We need to pay off our debt. Buy gold!
No comments:
Post a Comment