Quote:
Originally Posted by Tempest
Some are going to be right.. a hell of a lot more wil be wrong. Only history will be able to tell us which is which and at this point we're all just guessing...
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Well, its clear to a lot of people that he will be right because the US govt can only restore the economy by recreating the conditions of excess credit that actually caused the problem but yet this is what theyre trying to do. All the growth in asset prices was credit fuelled, take it away and everything collapses - the new plan is basically the same thing dressed up in different clothes.
Schiff explains the situation quite nicely:
https://youtube.com/watch?v=qk2Pb...eature=related