Hey, bro, can you spare a C-note for a cup of Starbucks coffee?

Posted: August 11, 2010 in Current events
Tags: , ,

Peter Schiff, who before It Fell told us of the Coming Fall, is now warning: “We’re in the early stages of a depression.”  ………”In August 2006, Peter Schiff, president of Euro Pacific Capital, offered what many considered to be an outlier prognosis for the economy: The exuberance would end, real estate prices would crash back down to earth, and consumers would revert to saving from spending. In short, a deep recession was in the works. As outlandish as he may have sounded at the time, he was right. Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression…” Here.

Update (as of 08/12/10): It ain’t pretty.

Update: It ain’t pretty II

Update: It ain’t pretty III

Update: This sounds scary and  certainly lends itself to the This ain’t pretty category: Financial writer says “Protect your property with high-voltage fences, barbed wire, booby traps, military weapons, and Dobermans”  Dobermans? Well I guess whoever’s capable of  getting through the first four defences won’t be that much troubled by a couple of snapping guard dogs. I mean the intruder would have to be like Robocop–or Stallone in First Blood.


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