Is America Finished...
 
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Is America Finished?

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William Robert
(@william-robert)
Posts: 1646
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Here's a good report from Australia on the mess caused by America, with Peter Schiff. The game is over folks. The ponzi scheme has ended.
http://housingpanic.blogspot.com/2008/09/heres-good-report-from-australia-on.html

Schiff is in fine form during this report. Brutally honest. You have to watch this.

[color="Red"]"Now the world is finally beginning to realize that we're not good for the money, we can't pay it back, because we've been borrowing to consume. Nobody has loaned us money to build factories to build infrastructure."

"We have nothing to show for the trillions of dollars the world has lent us except empty houses, plasma TVs, SUVs, we've blown the money on consumption"

"The world needs to recognize that the US is not the engine of the global economy - we're the caboose. Anyone can consume. The solution is for the world to write off the US."


Be prepared.

 
Posted : 15/09/2008 10:09 pm
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