Well, I almost felt like I was becoming dumber just listening to this. Luckily Schiff came in and talked some sense. Ron Paul and Peter Schiff 2012!
Obama brings wallmart press and they believe they can make money selling food. If this was not the case they would not do it. What they're all missing is the fact that PRICE drives demand. If China raises it's prices then guess what? Walmart will buy ELSEWHERE...like from India, Mexico, the Philippines or ANY OTHER COUNTRY that is willing to sell CHEAP goods. Sure, some countries are not able to produce the variety of goods that China can BUT they can soon be tooled up to standards IF the incentive is there.
PETER SCHIFF
Saturday, January 22, 2011
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