There are two types of economists. Those that don't know and those that don't know they don't know. Peter Schiff however, now looks like a genius after he correctly predicted with great certitude, the current economic mess we find ourselves in. What's more amazing is that he not only called what would happen but was dead on as to the why. As a side note, he must be having a lot of fun watching the other so-called experts rudely dismissing him while making now laughable predictions of their own.
Now Schiff is predicting further disaster as Obama promises to crank up the presses in a futile attempt to prop up an economy that needs to fall. (Video Below) Democrats are offering more government solutions from the same government that tripped everything up in the first place.
We will have more government spending on inefficient make work projects that take money from the private sector or borrow more on the country's already maxed out credit. Nancy Pelosi and Harry Reid will pass protectionist policies and block free trade deals that will result in retaliatory tariffs overseas. This will be on top of even more uncompetitive new regulations, labor laws and tax increases.
Buckle up and pucker your sphincters folks. It's going to be a wild ride.
Much thanks to Hot Air
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