This morning the Treasury Dept said it will more than double the size of its government debt repurchases. They are borrowing short term debt to pay off long term debt. This is a huge red flag! This is akin to paying off your adjustable rate 30 year mortgage with new credit cards.
@PeterSchiff Peter, you know in your heart, that firing her was the right thing to go. We have to have solid stats. We can’t continue with this clown show.
@PeterSchiff Don’t the early adopters at least give you pause that maybe it was created as a sly way to take money out of the hands of the government? Friedrich Hayek in 1984, “I don’t believe we shall ever have good money again before we take the thing out of the hands of government”
Today’s WSJ reports, “US Agricultural Downturn Hits Farmers…” Increased production costs and decreased demand. The Feds just approved a multibillion-dollar bailout. Remember, farmers got crushed in the 1920s before the stock market crash. Farmers are the canary in the coal mine.
@SchiffGold@PeterSchiff It is THE sly, roundabout way around government intervention. It can’t be stopped by the FED and their printing press. Its the best way to get wealth out of the US. I can go through TSA check points in shorts, T-shirt and flip flops and retrieve my wealth with a code in my skull.
@SchiffGold@PeterSchiff “I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop.”
@PeterSchiff People make the same argument against the gold standard. They claim there isn’t enough gold. And at $2700 an ounce, they are right. But what if gold was $10,000 an ounce or $100,000 an ounce? Then, would there be enough gold for a gold standard?