Peter Schiff : it is like we are actually in intensive care and what the FED is doing is simply guaranteeing that the disease that afflicting is going to kill us , the zero percent interest rate prevents the only thing that might cure us , we need higher interest rates we need to allow the economy to restructure and re-balance we need more savings we need lower real estate prices we need to have a solvent financial system we need to balance the books we need less government spending we need to get rid of these trade deficits we need some surpluses we need some production none of this is going to happen with Zero Percent Interest Rate , all we are going to get is more speculation more debt more consumption more air in the bubble which means a lot more air comes out when it bursts ...If you think Europe is going through problems right now you ain't seen nothing , Europe is the warm up America is the main event , we are the real sovereign debt crisis currency crisis
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF

Popular Posts This Month
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
by Peter Schiff Strike up the band, boys, happy days are here again! Recently released short-term economic dat...
-
Once again, someone Cenk Uygur trying to debate Peter Schiff simply lacks the finance and economics knowledge to do so . The Young Turks al...
-
Peter Schiff : We need to have a Massive Recession and Peter Schiff: Why College Tuition Is So Expensive Lessons from the Crisis: The Limits...
-
The Free Fall of the Dollar : “When the U.S. decouples, the world will thrive,” “The world doesn’t need our consumption, we need their produ...
-
Minimum Wage, Maximum Stupidity By Peter Schiff In a free market, demand is always a function of price: the higher the price, the lower the ...
-
by Peter Schiff April 17, 2009 In a speech this week summarizing his administration’s economic policies, President Obama grossly overstated ...
-
Bailouts, stimulus packages , debt piled upon debt, where will it all end? How did we get into a situation where there has never been mor...