Monday, January 30, 2017

USA debt bomb to explode in our face

I think the [Federal Reserve] is going to try to inflate its way out of this problem, but it's going to inflate its way into a bigger one. You don't help the economy by spending money. To the extent that we need to repair our infrastructure, that's a cost that we have to bear. 

The fact that it creates jobs, that's not a good thing because we're diverting resources that we might otherwise have been able to use more productively to make necessary repairs to our infrastructure.

Monday, January 9, 2017

Bitcoin is not going to work as a long term store of value


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

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