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Sunday, March 15, 2009

Peter Schiffs Economic Predictions

The stock market is a virtual, emotional bubble based on greed and short-term profits. There are plenty of links and videos on the web from economic analysts that have pointed out that the credit markets in the US were unsustainable, before the current economic woes began. The first video here is a compilation of comments from Peter Schiff on various news shows before the crisis took hold. I hate the way Fox just laugh out loud at people when someone doesn´t agree with the consensus. But I´ve seen that all to often on US forums.



When Peter was interviewed by CNN by Becky Anderson about the ecomonic stimulus plan (basically borrowing another 700 billion dollars to prop up companies facing huge losses - borrow from where?) the interview feed was mysteriously lost. Censorship anyone?


Finally a tribute to Peter Schiff with The Beasty Boys Sabotage as backdrop.

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