Obama and Bernanke: Double-Whammy Disaster
He and Obama bamboozled millions... gave us the old 'okee doke.'
Posted on 02/03/2012 8:45:23 PM PST by appeal2
We caught up with Peter Schiff of EuroPacific Capital at FreedomFest's Global Economic Summit in the Bahamas. Peter is never shy about voicing his opinion about the impending crash of the US Dollar and the fiat monetary regime. While he's been warning us about the inevitable collapse, he's putting himself on the line now and believes that time is running short. He expects the event to occur within the next 1-2 years and believes that in addition to living on borrowed money, the government is also living on borrowed time.
As he sees it, interest rates have been suppressed for so long, that they have no place to go but up. Once this occurs, printing and borrowing to somehow achieve solvency will come to an end and then the political establishment is going to have to get serious about controlling spending and ending debt based economics. The unfortunate result will be a decrease in American living standards, however, there is a silver lining. And that is, should the Country adopt sound economic policies, we will rapidly emerge from the quagmire as an opportunity based economy once again.
We are betting Peter is right. We have been getting ready for a couple of years now.
The Great Fall
Hope he can get hired by the next administration, we need his advice.
ping
Wither Bernankes help the EU can has been kicked down the road, but look for the cracks to start forming there first. Already there are signs, for example some EU automakers are seeing 25% shifts in demand, and that kind of uncertainty is not normal. The lies published today about jobs are another example. Calm before the storm.
Fantastic. Can’t wait.
2013 will see 0bamacare kick in and the Bush Tax Cuts will expire. Those two things alone are will be very detrimental to the economy.
I believe Peter is right, but it's the timing that's the issue. I think 5 years is most likely the drop dead date.
Yes its hard to know exactly when things will happen. Best thing is to just get ready for whatever comes.
On that day, the radios, internet and TVs will go black and be replaced with the audio of a man’s stern voice...
.....”This is John Galt speaking”
God, Guns, Gold and Groceries .... Stock up!
But then, it will happen, while the GOP, hopefully, controls everything important! Ignorant voters/stupid voters will vote, as a majority, for the Democrats/RINOS, yet again, in ‘13, ‘14, ‘15, and ‘16, as a result!
I believe Peter is right, but it's the timing that's the issue. I think 5 years is most likely the drop dead date.
It will happen during Obama's regime. It has to so he can declare martial law and declare himself 'President for Life'.
I think you are overly optimistic. I doubt we’l make it through this year.
The tricky part is the timing. Schiff was way ahead on the original calls on gold and housing. Figuring out when we go over the deficit cliff next is pretty difficult, though it isn’t hard to figure out it is at this point inevitable.
2013 the Bush tax cuts expire. That might be the last straw.
If we ever become again America the land of opportunity and a reward per effort and innovation society we must rid ourselves of the socialists among us. Currently we have the socialist equivalent of metastatic cancer, with ‘progressives’ and outright communists widespread. We must do the equivalent of aggressive chemotherapy to get rid of them.
I’m not in any way advocating violence (although the left often clearly does). I’m advocating an end to political correctness and the beginning of an aggressive in your face take no prisoners verbal and financial assault on the far left.
When we let the left characterize McCarthy as a nut we gave them one of the biggest gifts we could ever give them. We gave them a tool to shut down any legitimate concerns and discussion about the incursion of socialism / communism into our society. Then we let Kennedy and his country club limousine liberals change immigration policy to favor accepting into America those most likely to be swayed by leftist/socialist/communist propaganda.
It has to stop.
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