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September 18, 2009

"This Crisis Is Going To Progress"

"This crisis is going to progress, its going to get a lot worse in the years ahead. There is no real recovery coming. The economy is going to keep getting worse, unemployment is going to get worse, inflation will run out of control and interest rates are going to spiral higher.

We need to shrink government, instead of expanding government. We need higher interest rates, not lower interest rates. We need americans to save their money, not to encourage them to spend more money.bvWe want to get rid of consumer credit so that businesses can have access to credit . We want businesses borrowing money to make stuff and employ people. We do not want consumers borrowing money to blow it on comsuption."

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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