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November 18, 2011

Our Government Doesn't Have Enough Spare Cash To Bail Out A Lemonade Stand

Our government doesn't have enough spare cash to bail out a lemonade stand. Our standard of living must decline to reflect years of reckless consumption and the disintegration of our industrial base. Only by swallowing this tough medicine now will our sick economy ever recover. - in The Sydney Morning Herald

Related ETFs, SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 ETF (SDS)

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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