In my first post, I called out the culprits of the financial crisis and the character of their presidential candidate. I thought most of the voters of this country were smart enough to vote for the lesser of two evils. But, I was wrong. Now, look at what this guy is doing to our country - in only his first year in office. That's the good news. The bad news is that he'll be in office for 3 more years. I can't imagine how much more damage he's going to inflict not only to the U.S. economy but also to the global economy in those three long years.
Seems Like Nobody Cares
The United States is in a deep FINANCIAL SPIRAL thanks to the geniuses in Washington. But just like the majority of everyday people, YOU might think everything will be fine soon and you're not thinking of preparing for the UNCERTAINTIES in the horizon. Let me lay out to you why I believe that there's a more serious financial storm that will hit us AND what WE - the everyday people - can do to prepare for this.
A True Patriot
First, let me introduce you to PETER SCHIFF - born March 23, 1963, graduate of the University of California Berkeley in 1987 and became the president of Euro Pacific Capital, a brokerage firm founded in 1980. Peter Schiff recognized way back in 2005 the growing housing bubble which eventually exploded in our faces towards the end of 2008 - the official start of the economic crisis. Watch in the video (December 2006) below how Peter was mocked, ridiculed, and laughed at by the so-called "financial experts" (bunch of clueless you-know-what) when he publicly expressed his concerns about the declining state of the economy. One of them even said, "The overall economy is going to do a lot better than we think."
Flashback
In this March 2007 video, Peter described exactly how the SUB PRIME MORTGAGE market would collapse. Notice (once again) how the "expert" financial analysts mocked Peter.
I'm sure after watching these videos, you know who to listen to regarding the true condition of our economy and THE NEXT FINANCIAL STORM...
Wednesday, February 24, 2010
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