Friday, February 6, 2009



February 6, 2009

You can comment on this blog without registering or logging in!

this economic crisis is just getting started, when the bubble bursts in the bond market then the government will be bankrupt, the last thing we need in this country is more borrowing, the stimulus package is the worst, we need a economy based on savings and production, we will get hyperinflation if the government doesn't do the right things, the great depression was a result of government policy

8 comments:

  1. WOW! Admin how many times do you update this blog on a day? Great job!

    ReplyDelete
  2. I am asking everyone who watches these videos to get the word out. I am sending this blog to everyone I can. We have got to get this word out before it is too late.

    www.financialtruth0.blogspot.com
    Send it out to everybody you can so that people will know "where" we are headed.

    ReplyDelete
  3. Peter Schiff would believe that the recession started in 2001 for example, but if you believed that then you would have shorted the US dollar, and lost big time in the past quarter.

    These economists don't talk about specifics, and rather abstract constructs.

    At this point he may be mostly correct over a 50 year period, but that doesn't mean you should or could make money over the next year or two.

    I think the rate of decrease in GDP starting about now is slowing down.

    ReplyDelete
  4. Great site. I'm spreading the word to as many people as I can. Unfortunately a very large amount is so afraid, they won't talk about it, they shrug it off or they think it's crazy that it'll happen. They still don't realize what's really happening exactly at this point.

    ReplyDelete
  5. Canadian -- if you had bought gold with your dollars in 2001, you would have paid under $300/oz for it. Today it's nominally around $900, and dealers to whom i talk say the premiums are high because of ridiculous demand.

    ReplyDelete
  6. A small "bump" in the value of the US dollar during a slight period of deflation is not what I would consider a great thing. The US is now 13 trillion in debt with no end in sight. NO COUNTRY in the history of the world has ever been anywhere near the level of debt that the US is now experiencing. It is also true that NO COUNTRY has ever survived as a nation that had incurred this much debt. DEBT is the problem. How do you get out from under DEBT by spending more, as Bush and Obama have stated? It is insanity at it's best and WILL NOT WORK. That is the message we MUST get out before people allow this massive incursion of DEBT.

    ReplyDelete
  7. Peter Schiff ! Great as alays !

    ReplyDelete
  8. getting the word at this point is about as useful as removing a blindfold from someone who's about to jump out of a crashing airplane...either way we're going down. Those of us, like myself who have no accumulated wealth, and virtually no debt, are still hosed.

    ReplyDelete