Vijay For VictoryAmazing economic predictions by Peter Schiff
Recession – everyone in the world speaks about this today. Wherever you go, you will hear this word. No matter whether it is a small hotel or a multi national company, you will find this word being used widely.
Is this recession something new, that appeared in 2008? No.
Watch the following video…
Amazing predictions; isn’t?
Peter Schiff points to the low savings rate of the United States as its worst malady, citing the transformation from being the world’s largest creditor nation in the 1970s to the largest debtor nation by the year 2000. His extremely bearish views on the U.S. Dollar, the United States stock market, bond market, and the United States economy have earned him the nickname “Dr. Doom.”
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Great post by the way!
One of the reasons why the financial collapse of countries such as the US and the UK is going to be so large is because the financial kings thought that it would get better after they made just a few small changes, or that the market would right itself. The more I look into this, the more I think that their heads were in the clouds.