Peter Schiff slams anchor on Bond Bubble

Quote from ess1096:

Entitlement spending will be the death of the US. And now we have a guy coming into office who will be looking to expand entitlements beyond belief when we cannot even afford it as it is! Entitlements have brought the most powerful and successful nation in history to it's knees.

I don't think the founding Fathers wanted a country where generations of people are born into welfare and live off the US Tit for life and then teach their kids to do the same. And I have seen it first hand for over twenty years. No wonder why Americans don't want to work for minimum wage. It's so sad.:(
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Mix that with letting unions own your happy ass, and ya get The Peoples Republic of Kalifornia.
 
Quote from IanMacQuaide:

Mix that with letting unions own your happy ass, and ya get The Peoples Republic of Kalifornia.
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I always knew the strangest people in the world move to California, must be a left coast thing!

Kalifornia will soon too be a ride itself! The whole state!

"Fly overtop Los Angeles now to view the destruction after the riots started"
 
although I agree to Schiff in most points the timing is difficult because right now the money that is destroyed per month by the crisis is larger then the printing speed of the FED. This is why we will probably not see an inflation coming so soon.
And regarding the Bond Bubble: Its all about peoples confidence in this system so nobody can predict when this will burst.
 
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