"Economic or market trend associated with some characteristic or phenomenon which is not cyclical or seasonal but exists over a relatively long period".
Friday, April 29, 2011
Peter Schiff: Must Watch Video
MUST WATCH VIDEO
Some highlights:
"The way you know inflation is not transitory is that Bernanke thinks its transitory. Since he is always wrong you can take it to the bank. Inflation is gonna get worse".
"We are spending more borrowed money, digging ourselves into a deeper hole, we may never get out of it.
"Dollar may collapse, maybe by as soon as this fall".
"Bernanke basically gave a speech, interrupted by questions".
"Bernanke had a successful press conference, only if you think the Titanic had a successful voyage ".
Our government has never spent this much money" The problem is that the spending isn't from our taxes its all borrowed or printed money, which is causing inflation, and we are exporting inflation all over the world . "The whole world is suffering because our governments spending".
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