(Audio)The Savage Nation-Peter Shiff on the Economy

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<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/nLw8Qje0gbw&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/nLw8Qje0gbw&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object> Part 1
 
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<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/APioczts7AI&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/APioczts7AI&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object> Part 2
 

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Can't agree more here. Obama will be PRINT and SPEND as there is no where to borrow the $$ from.
 
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I posted this because Shiff sounds like he knows what he's talking about & I know nothing about economics.
 

Breaking Bad Snob
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Well, I read his book Crash Proof. Though he did see this coming, he was wrong in a huge way in that he argued that the global economy has decoupled from the US and the rest of the world would prosper while we crashed and burned. Clearly, that's incorrect as this recession is on a global scale.
 
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Sure...Seems to me that recession is on a global scale because all the stuff that we buy on borrowed money are now Manufactured in China,India ect ect ect..I can't hardly find anything made over here anymore..I just bought a crock pot & a toaster & I think both of those were made in China & I looked for products made here & was willing to pay more for them.
 

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