"Despite an increase in U.S.
population of almost 10 million people from January 2008 to today,
there are 1,154,000 fewer Americans working now than six years ago.
Those considered long-term unemployed (unemployed for 27 weeks or more)
totaled 3.6 million."
"Unfortunately, the bad news
that is good news for the banksters is really bad news for the middle
class. According to the Fed, half the U.S. population has seen a 40
percent decrease in wealth since 2007. That’s because the banksters get
their hands on the newly printed money before inflation steals it away.
But that’s not so for the rest of us."
"Peter Schiff, who predicted
the 2007 collapse in August 2006 — way before almost everyone else saw
it coming — says we’re headed for a worse economic crisis than we had in
2007."
"Schiff points out that the
market gains experienced recently, with the Dow first topping 17,000 on
its way to setting record highs, are giving investors a false sense of
security.
“It’s not that the stock
market is gaining value… it’s that our money is losing value. And so if
you have a debased currency… a devalued currency, the price of
everything goes up. Stocks are no exception,” he said. "It appears to
me that we are very close to economic and social collapse. But times
can yet wobble along for months or even a few years. It is a certainty
that things will get visibly worse in many ways, especially now that the
endgame is here."
1 comment:
To be frank I am a bit tired already of the waiting for a new crisis wave (October 2013... January 2014... further on...). Each of us needs nowadays expert assistance in financial matters and I am sure our Government should finally stop being concerned about their own interests, but think over and take actions to cope with difficulties and prevent crisis.
Post a Comment