Maybe it's time to start listening to this guy.
Now he says the US Government's policies are inflationary, we should invest in gold, and Obama could be the next Jimmy Carter (via Theo Spark).
Saturday, November 22, 2008
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It's obviously way past time to listen to Peter Schiff - that was two years ago, or more.
The bottom line for us all is "Produce something saleable you fucking idiots or you're toast!"
I am negatively impressed with derivatives. It is painful to me (and should be to people way further up the ladder of opportunity, who might also be known as Regulators) that a scam involving borrowing shares to sell them short in the market can be countenanced at all in this country. Or any other.
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