--- In FairfieldLife@yahoogroups.com, "do.rflex" <[EMAIL PROTECTED]> wrote: > > > > Peter Schiff started predicting the meltdown in 2006. This guy has NOT > been wrong, yet none of the 'experts' listened. > > This is a set of clips of Peter Schiff from 2006 and 2007. > > Watch: http://www.youtube.com/watch?v=2I0QN-FYkpw > > > And this is what he said nine days ago: > > Watch: http://www.youtube.com/watch?v=jmFvnAqweyI&feature=related >
...and what are we doing ? Printing more money, encouraging the financial institutions to resume lending and extend credit to the economy at large. I often hear that the economic system in general is dependent upon access to credit to fund to day-to-day operations. Every organization today seems to run its operations on credit. Really profitable organizations loathe debt. They never rely on credit for regular short- term operations, but borrow only for long-term wise expansion of the organization - and they quickly repay the principle owed from the resultant increased profit.
