Ammo: It'll get you what's fer supper.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Something lighter to read before bedtime bookmark.
“All we did is spend more borrowed money’
Money quote.
I disagree about investing in China. I think their numbers are phony, too.
Ummm, no, Mr. Schiff, apprently, you have not recieved that special Lie House memo yet: We are in a “Summer of Recovery” and BidenIdiot today said “we are on the right track”. Get with the program, kkthx. /s =.=
let me get a sharp razor and end it....ugh
He makes sense to me.
I’ve been depressed since January 20, 2009.
It’s about time the economy caught up.
What is the official definition of an economic “Depression”?
I think he is right, but boy, this guy is a bundle of laughs, ain’t he?
So according to Schiff, apparently the correct GDP number is total economic activity - new debt. I wonder what that number is for America.
I’m not sure he’s right about recession. Instead I read quite a few who believe we are in for an extended run of - to 1% GDP growth, along with much greater volatility and continued adjustments as re-valuation has to occur in areas such as housing prices. If we are lucky we will run <5% inflation while the Fed monitizes debt and over a period of maybe 10 years we can start to see actual recovery, maybe sooner IF the right people win elections AND do the right things.
Welcome to the “new normal”. It’s not going to be the same as it was.
I’d say we’re in the middle of a depression. Assuming that we hold free and fair elections this November and again in two years, the economy should start improving around January 20, 2013.
David Rosenberg: We’re In A Depression, Not A Recession
http://www.huffingtonpost.com/2010/08/25/david-rosenberg-were-in-a-depression_n_694638.html
The “current economic malaise” is a “depression, and not just some garden-variety recession,” said Rosenberg in a note to clients today, as reported by CNBC. Rosenberg, who’s been issuing warnings about a double-dip recession, was formerly the chief economist at Merrill Lynch.
Guess I’ll go to the market and load up on cereal now -— gotta eat and it lasts a long time -——————————
I’m not kidding!
......We’re going to have runaway inflation and recession simultaneously.......
Sounds like Germany in the early 1920’s, and we know where that led to. Change in November is more crucial than ever, to avoid catastrophe.
They have prevented an efficient allocation of resources. We need to rebuild our manufacturing base. We need to reindustrialize.
Isn’t Schiff the guy who predicted the recession on Fox business in 2006 and they all laughed at him? I mean he predicted just about everything correctly.
Ammo: It'll get you what's fer supper.
We will scavange a radioactive landscape for bent tin cans that we will sell to buy a single bullet so we can end our lives, before the zombies get us first.
http://www.321gold.com/fed/greenspan/1966.html
But like Keynes....he thought the inevitable collapse could be postponed till “in the long run, we're all dead”
“Contained Depression”- Mish