Great article on where we find ourselves as a nation, economically. Peter Schiff has been the most accurate of anyone I have seen.
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Since the US economy has failed to recover as widely predicted, pressure on the Federal Reserve to conjure a solution has increased. In fact, the Fed now faces the hardest choices in its history. It can either redouble its past efforts to re-inflate America’s bubble economy (risking the destruction of the US dollar) or it can stop pumping and let the economy deflate to a self-sustaining level. Unfortunately, both choices guarantee severe economic pain – but only one offers the possibility of ultimate success.
Today’s news that the economy lost 95,000 jobs in September confirms that record doses of stimulus have failed to (more…)
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