Peter Schiff on the decadence of the 2000's: "Yes, we had spectacular problems like September 11, 2001, and the invasion of Iraq in 2003 - which were horrific for those who were directly affected - but for most Americans, it was a time of unexpected wealth and unearned prosperity. Up to the days of the stock market crash, the economics of the decade will be remembered for cash-out refinancing for millions of homeowners, no-doc liar loans, no-money-down car purchases, eight-figure Wall Street bonuses, cheap Chinese imports, and trample-to-death holiday sales. In other words, the decade now closing gave us the biggest and most irresponsible spending orgy in US history. The past decade was the party; the one ahead will be the hangover." Read the entire Peter Schiff article at here: http://www.atimes.com/atimes/Global_Economy/LA05Dj05.html Comments07/06/2011 20:10:53 It is forbidden to kill; therefore all murderers are punished unless they kill in large numbers and to the sound of trumpets. 07/06/2011 20:10:58 It is forbidden to kill; therefore all murderers are punished unless they kill in large numbers and to the sound of trumpets. Leave a Reply | Follow Me Nathan Recommends
Micah Tillman |
