newmogul.com — Peter Schiff predicted the current economic crisis with stunning accuracy over two years ago and now he is sounding another alarm bell. He is predicting that our economy will now face death by hyperinflation, which will cause a complete loss of confidence in dollar and will inevitably die from the disease. Food shortages, marshall law to follow.
Oct 11, 2008 View in Crawl 4
texascanuckOct 11, 2008
I hope for all our sakes Schiff is wrong on this one...
busketOct 12, 2008
It's a hell of a pitch to buy his book, that's for sure. If s**t is really going to get as bad as he says, there isn't a whole lot of good that can be done by reading an investment strategy book.
thecatcantalkOct 12, 2008
Yes, but why can't anyone on Digg spell the word "martial" correctly, when writing a byline for a submission?"Marshal" is a job title (or a verb), "Marshall" is a family name, "martial" means having to do with Mars, the god of war, e.g., "martial law was declared this morning". Sweet zombie Jesus in a flying saucer, if you want grown-ups to take you seriously, learn how to read and write your native language correctly. Misspelling words in your headlines and misusing words in your bylines makes you look like a moron.
tclaphamOct 12, 2008
Headlines of 1929, 1974, 1987, 2000-2001 had a very similar tone. If the sky truly were falling, Chicken Little would be dead.
acudocOct 13, 2008
How about the state of affairs when you are so weak from malnutrition (because you can't afford bread) that you can't write the check to the puppetmasters who have sucked you dry?
compulsive1Oct 13, 2008
FTA:"Pearl Buck, the American writer who became famous for her novels of China, was in Germany in 1923. She wrote later: "The cities were still there, the houses not yet bombed and in ruins, but the victims were millions of people. They had lost their fortunes, their savings; they were dazed and inflation-shocked and did not understand how it had happened to them and who the foe was who had defeated them. Yet they had lost their self-assurance, their feeling that they themselves could be the masters of their own lives if only they worked hard enough; and lost, too, were the old values of morals, of ethics, of decency."The fledgling Nazi party, whose attempted coup had failed in 1923, won 32 seats legally in the next election. The right-wing Nationalist party won 106 seats, having promised 100 percent compensation to the victims of inflation and vengeance on the conspirators who had brought it. "We stand the same risk of electing extremists who will promise to repay losses and prosecute the bankers once we enter the same vicious cycle of inflation.I fear who those extremists might be, but one thing is sure- they will not be people with common good in mind.Like someone smart said: those who don't learn from history are bound to repeat it.
ellipsisaeonOct 15, 2008
"So, we have… * violent mood swings in the stock market; worse then anytime in history * immense deflation of home values * escalation of foreclosures and other loan defaults * continuously bad news in the employment sector * personal and national debt far beyond anything seen in our history * abusive deregulation aiding and abetting criminal levels of greed * stagnant income levels with increased cost of living"<a class="user" href="http://thenewscoverage.net/15333/">http://thenewscoverage.net/15333/</a>So much of the economy is just coming apart at the seems. Can you say deep recession? Can you see global Depression? oh, this is gonna be soo bad...
aldhelmOct 16, 2008
These banks were allowed to run riot without any regulation. Thats the f**king problem. For all the s**t people talk about regulation. It's there for a f**king reason. To stop assh**es making short term decisions.Libertarians and free market activist never take into account how likely people are to f**k up. Not only themselves but others.