PETER SCHIFF: We're Going To Have An Economic Collapse And Negative Rates Before The Election

BI ^ | 1-29-2016 | Bob Bryan

[Solson]

I work in a large international manufacturing and services company. It is a global slowdown and while, 3 months ago, we were anticipating growth in the latter half of this year, we not expect further declines and are planning accordingly. Which means more white collar layoffs and a significant reduction in China growth.

China is barely afloat right now.

[Georgia Girl 2]

There is a lot of speculation that China will not get a soft landing. Japan has gone to negative rates already. The Fed is nuts if they think they can raise interest rates.

[cherry]

thx...I know you can buy them...

[RipSawyer]

“The problem for the U.S. is that its growing population (primarily through recent and likely future immigration) will be, on average, relatively less well-educated, less skilled, and therefore poorer than it is today.”

In other words more of the same kind of decline which has been going on in this country for the past forty five years or so even though most won’t admit it.