Not to be harsh or anything, but your response typifies the people who have no idea about economics. Yes those people on CNBC ect act as if THEY are the know alls and dis regard what Schiff says, but hey, that’s why they are on a tv network rather than heading a large business with innovation and initiative, they have no idea, in fact, half of them were the ones saying to BUY the DOW when it was 15,000, right before it fell off the cliff.
When you say you hate extreme views, well, news for you, the American, European, Japanese economies are nothing but extreme, the situations globally are nothing like we have seen before and sometimes the harsh reality just has to be accepted.
The fed bankers don’t want to admit this because they want to be re-elected. Imagine if they all came out and said what Peter says, they would not receive one vote, but, has the economy improved by hiding behind lies just to ensure they stay in a job? Or perhaps they are all so stupid that they don’t even see what’s happening
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