Peter Schiff and guests on The Kudlow Report, April 17 2009. A variety of viewpoints from guests that suggest the economy has hit a generational bottom and is en route to recovery, to Schiff, who believes there is more pain to come.
Â We haven’t turned any corners yet. Unfortunately we’re still headed in the same wrong direction. We’re continuing to go deeper into debt, we’re subsidizing bad behavior, we’re bailing out companies that should fail, government is growing like a cancer, and more importantly, as Don said, we’re abandoning free market principals…We’re goosestepping down the road to serfdom.
I think it’s a combination of 70′s and 30′s. That’s why i’ve been talking about an inflationary depression. That’s what I think is coming.
While we may have experienced a market rally over the last 6 weeks, it seems that all of the underlying economic indicators are suggesting that this is a false-flag recovery and no such “turning of the corner” has actually happened.
Watch Peter Schiff on CNBC april 16, 2009 (Part 1 of 3):
Watch Peter Schiff on CNBC april 16, 2009 (Part 2 of 3):
Watch Peter Schiff on CNBC april 16, 2009 (Part 3 of 3):
Mac Slavo Views:
Read by 13 people Date: April 20th, 2009 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.