Saturday, November 22, 2008

Peter Schiff On Fast Money - “The Man Who Called The Collapse”

When will these knuckleheads "get it"?

The dollar is dead, the debt-flooded economy is unwinding, we have a long way to down from here and then we have to de-link cheap and abundant petroleum from our industrial models. The very basis of modern civilization is no longer viable as petroleum dwindles. Food and people numbers will trend down along with supply of oil. And this economic mess with debt is just the spark to a far bigger picture.

Peter Schiff is just addressing a fraction of what is ahead and yet these idiots on TV can't understand even the debt cleansing effect on the dollar going on right now. What hope do they have for understanding the petro-collapse to follow shortly after?

Cheers, Tate

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