Quote:
Originally Posted by GregE
Oh god, not that tool again.
According to Shiff's own words, if we follow his advice we'll be in for a 10 plus year economic recession and maybe even a full blown depression.
And that's if we do what he says we should do!
Methinks maybe we would do well to seek a better solution  |
The other solution they are offering is doing the exact same thing we have been doing. That worked out well. The problem with that theory is we can not keep doing what we have been doing. Our credit has been cut. But I guess the FED does have a printing press, who cares if we go into hyper-inflation.
Has anyone asked how much money we need to print to get ourselves out of our crisis? First it was 750 billion and everything will be fine. oops wrong, the fed then printed 1.7 trillion in one week to stabilize the market and get credit flowing... oops that didnt work.
Lets just print up 10 trillion to see if that works.
