Tuesday, June 4, 2013

Schiff: 2/3 of America to Lose Everything Because of This Crisis

Money Morning

"I think we are heading for a worse economic crisis than we had in 2007," Schiff said. "You're going to have a collapse in the dollar...a huge spike in interest rates... and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it."
comment:

This economy only produces dollars, not tangible goods.  Change this into tangible goods and then you get a real recovery.  The way to produce tangible goods is to be a low-cost producer of energy.  You don't do this with windmills and solar panels.

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