This week President Obama claimed that failure to pass his economic stimulus bill will have catastrophic consequences for the U.S economy. The reality is the catastrophe will be far greater with his plan then without it. If the trends of January and early February of 2009 continue, the rug will be completely pulled out from beneath the U.S. economy, and the full cost of the President’s “economic depressant package” will be apparent to all. FULL ARTICLE
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5 comments ↓
Schiff is right on the money – no pun intended – that this isn’t the end of the crisis, it’s barely started. As the unemployment and debt keep piling up, and the government keeps spending, borrowing, and inflating – we’re going to see problems like most never imagined.
I’d assume that it’s going to take at least as long to get out of this as the last major depression. And no, wars don’t create economic booms, expect for weapons manufacturers.
It sure is just the beginning! Great article again Mr Schiff!
Mr. Schiff was right on,regardless if All the fiscal cards didn’t fall all at the same time.Too bad people like Mr.Schiff weren’t on President Obama’s list of must have people for HIS economic war council,but then again,he probably wouldn’t fit in there,ust like some folks don’t quite fit in here.Go get em’ Mr. Schiff..be like Lou Dobbs…and keep their feet to the fire !!
Yup, that’s right Steve. All the cards don’t always fall right immediately. But, I’ve been reading and listening to Schiff for a long time and he always says that he’s not about timing the markets for a quick short-term gain – he’s about protecting and building assets for the long term, for the future.
With all the inflation building up from these insane bailouts, we’re going to see just how right his ideas are.
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