Eventually he’ll be right... He just has no idea when.
That’s the problem with all the doom and groomers - they can’t tell you when the doom will happen.
The road down which the can can be kicked is awfully long.
We never came out of the 2008 inspired recession and now we are in the first stages of a deflationary depression.
does that mean we’d lose our Free Stuff?
Even the boy who cried wolf might be right once.
I may be old fashioned, but I just cannot envisage a scenario where printing money, piling up debt, and keeping interest rates low is a good idea in the long haul. Sooner or later, someone says, ‘gee, these U.S. dollars don’t look like a good thing to hold for the long run. The thing helping us, is that most other countries/currencies have been guilty of even worse behavior. Yeah, that is an encouraging sign for the future.
Obama is finishing his job of bankrupting America.
Call your Congressman/woman and ask why these loans are being made when they can't be paid back.......Socialism, using other people's money is not sustainable...watch Argentina, remember Greece? Brazil? ....
Ahh...it’s been a while since I’ve had my daily dose of economic doom porn. Schiff is an interesting guy who got a lot of fame for predicting the ‘08 financial panic. The only problem is that since then he has been consistently wrong in most of his big predictions.
The problem with the economic talking heads, is that they all pretend they know what is going to happen when in reality no one can predict the future with any degree of certainty. Studies have repeatedly shown that so called financial experts almost never have a long term track record better than 50%, and Schiff’s is much worse.
My advice is stop trying to guess the future or paying attention to the paid talking heads. Adopt an agnostic approach to the future and invest conservatively. Stay diversified in assets. Own stocks and bonds but also keep a good chunk in reserve in both cash and gold so you can ride out any unpleasantness. Remember that if you lose money there is no guarantee you will be able to make it back.
No worries, it’s all going as planned. When the bubble bursts, it will be the perfect time for a global currency to be ushered in to reset and save the day.
I’ve watched the creation of this phenomena since the Carter administration. It is a package created by the liberals in an effort to destroy the free market, and make everyone equal in wealth because no one will have it except the government. And they are not going to pass it around as they feel the people are not able to handle it. They have been trying to empower the poor for years and this is the way they will do it. They will destroy all the wealth in the US, and the world, and put everyone on a ration basis to be determined by the elite government, the US. Course in reality, they are not going to be able to robot people up and they will just create anarchy. In their mind it’s a great idea to do it, but they’ll find it’s a horrible idea to keep it. I guess they still haven’t learned from history. 1775!
red
Currency crisis,,
What Exactly is that?
YEP....as soon as a Republican is elected...the “powers” that be will put in action the destruction they’ve hidden.
LIBTARDS want a USSA like Venexuela or Cuba....
part of the plan is to murder 25 million or so who can not be re-educated....
the rest will fall in line
BLM is on of their vehicles as are the armed bureaus that HAVE NO LEGAL BASIS TO BE ARMED
irs
epa
blm
interior dept
THEY ARE NOT LAW ENFORCEMENT.
...although some of the thugs that work there think they are
give a little man a costume and a badge and a gun and watch out....
Bingo! The Fed is just a bunch of bankers. In the end their policies are only good for banks and nothing else...because that's what they are.
The Founding Fathers understood this. Andrew Jackson understood this. But we allowed the Progressives to chivvy us into ignoring the Constitution and set up a Central Bank.
Worse than 2008-2016?
The Federal Reserve keeps interest rates low for just one reason - the federal government is massively in debt.
The economy overall is actually booming - the stock market is at a record high.
It’s just that the government has favored some people and not others - Obamacare is an example of that.
Now Obama is trying to favor other people with $15/hour wage goals.
However, people relying on savings are being shortchanged by the government. They are getting ~1% interest in the face of the average ~5% inflation of the Obama administration.
The people living off savings being hurt by the Federal Reserve include tens of millions of people, including me. I have less than $1 in readily available funds. A CD will mature tomorrow. I have lived on about $125/month for the last two months.
If government “helps” nearly everybody, it actually helps nearly nobody, it just distorts the economy haphazardly - great for Wall Street speculators, but bad for most other people.
Already happened in 2008-2009.
That doesn’t mean it can’t get worse.