Sunday, January 13, 2013
Where is the US economy headed? Here's Peter Schiff's opinion..
From Patterico's Pontifications
Here’s a clip of a bunch of people laughing at Peter Schiff in 2006 and 2007 when he predicted that the housing bubble was about to burst, financial stocks were going to take a tumble, and we were headed into a recession:
"Peter Schiff says the Fed's bubble machine is destroying the American economy and he is right. Zero interest rates and QE are crushing savers, rewarding speculators and enabling the Washington politicians to issue endless debt. Every concerned citizen should read this."-- David Stockman; Former OMB director under President Ronald Reagan