August 14, 2010

Schiff promotes sound economics - and has a good track record

Peter Schiff accurately predicted the global recession because he saw that some key fundamentals were out of whack. You can't fund prosperity by borrowing your way to growth.  Savings are a key source of investment capital.  Spending more than you earn on an ongoing basis is a recipe for disaster - basic stuff really but for some reason the global financial community forgot the basics.

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