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Posted by FrediFizzx on June 3, 2008, 2:36 pm
More doom and gloom rubbish!
> Peter Schiff: "There's nothing good to say about our situation. The
> policies both the Fed and government are pursuing are making the
> situation worse. We've been getting a free ride on the global gravy
> train. Other countries are starting to reclaim their resources and
> goods, so as Americans are priced out of various markets, the rest of
> the world is going to enjoy the consumption of goods Americans had
> previously purchased. This is a natural consequence of this phony
> economy. If America had maintained a viable economy and continued to
> produce goods instead of merely consuming them, and if we had saved
> money instead of borrowing, our standard of living could rise with
> everybody else's. Instead, we gutted our manufacturing, let our
> infrastructure decay, and encouraged our citizens to borrow with
> reckless abandon..."
>
> US News & World Report: http://www.starturl.com/BendOver
>
>
>
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