The Greater Utica Blog
The combination of printing massive amounts of money and compiling huge debt must ultimately lead to hyper inflation and Carter likr stagflation.
What's next Strike, quoting Glenn Beck? Schiff & his ilk have been predicting this baloney for years. Listen to Bob Brinker. He has been discrediting these clowns for years. And he's been right every time.
I selected a Schiff gold stock recommendation last summer and made enough to purchase a large quantity of quality baloney! Gold hits over $1200 today. Send in the clowns.
Yea, it's no surprise that Schiff was a regular on Beck's TV show when he was on Headline News. Here we have 2 clowns who are dilussional, & a couple of snake oil salesman to boot. I wouldn't buy a used tricycle from either one of them.
It is noted that an entire position on the wisdom of holding gold in one's portfolio is based onname calling, period. It is also interesting that Warren Buffet recently invested several billion dollars in SPDR Gold Shares, a Schiff pick last year. I guess just another clown at work.
All I want to know is how will we pay off our massive national and state debt? If money is simply printed by the Feds, how do we prevent ourselves from becoming the Wiemar Republic? (I think I have a million mark postage stamp somewhere in my collection).
What willmost likely happen is that a Vat tax will be instituted along with Social Security and Medicare adjustments. Unfortunately these steps will only postpone the basic problems associated with uncontrolled government growth and a weakening economy. We will limp on but real growth and influence are quickly disappearing. It is very sad to watch this unfold. But, I do think we've passed the tipping point. How else can Obama be explained?
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