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The Meltdown Explained by the Master (Schiff)

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posted on Mar, 18 2009 @ 02:50 PM
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Peter Schiff posted this video to his investors earlier today. I thought members of this board will appreciate the insight given our current state of affairs. He does a good job pointing out the main culprits of this economic problem.

blog.mises.org...




posted on Mar, 18 2009 @ 05:04 PM
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reply to post by evo190
 


Good information! Thanks for posting this...I love his questions...
Does anyone think this meltdown is over?
Does anyone think that the government fixes will work?

Priceless!
Star&Flag!



posted on Mar, 18 2009 @ 07:47 PM
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Schiff is always interesting to listen to because among other things, he talks in laymen's terms.

I like how he said with a straight face how the U.S. Government is going to tell the Chinese that we can't pay YOU back because YOU"RE predator lenders! - and we need a modification program! - YOU shouldn't have lent us all that money and you KNEW we couldn't pay you back! It's not OUR fault!

Hey, how about Bernie Madoff for Treasury Secretary!

That was freaking brilliant! Listen to 40:00 and on for that.

Thanks for the link, this made my night!

[edit on 18-3-2009 by TypeSH2001]



posted on Mar, 18 2009 @ 07:53 PM
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Schiff will be proven to be a fear mongering idiot. I have every faith that things will be turned around and fairly quickly. Doyourself a favor and abandon him. Your life will be miserable as you await the misery that will never come.



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