Schiff: Upcoming Recession Worse Than 2008

Euro Pacific Capital’s Peter Schiff argues that quantitative easing is “toxic” for the economy

Stuart Varney FoxBusiness 6/4/2012

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Related: How Would Margaret Thatcher Handle the U.S. Economy? Bianco: Odds of QE3 Increasing Rapidly

WSJ: Fed Buying 61 Percent of US Debt; Egan-Jones Downgrades U.S. Credit Rating

Julie Crawshaw and Forrest Jones Moneynews 28 Mar 2012

The Federal Reserve is propping up the entire U.S. economy by buying 61 percent of the government debt issued by the Treasury Department, a trend that cannot last, Lawrence Goodman, a former Treasury official and current president of the Center for Financial Stability, writes in a […]

Former MF Global Chief Risk Officer Sacked For Doing His Job, Disagreeing With Corzine

Tyler Durden Zero Hedge 2/2/2012

Yesterday we noted how a CBO analyst may have been terminated for her conflicting views on model assumptions, especially when they veered away from the Wall Street-defined norm. Today, we find that the same approach to dissent may have been the reason why MF Global ended up taking inordinate risk, […]

Ironic “Scariest Chart Ever” Redux – America Will Surpass 100% Debt To GDP On Halloween

Tyler Durden ZeroHedge 10/19/2011

Earlier today we presented Bloomberg’s Chart of the Day which represented the GDP and Debt per capita on a historical and projected basis, and we hysterically, and tongue-in-cheekly, dubbed it “the scariest chart ever” because it confirmed that at some point, very soon, US Debt will surpass GDP and never look […]

Peter Schiff testifies before Congress 9/13/2011 on the Obama jobs bill

“One of the riskiest things you can do in America is to hire somebody.”

PeterSchiffChannel YouTube 9/14/2011

 

Related: Farmers: Crop of EPA Rules Restricting Business

Also, from Americans for Prosperity, Another Back-Room Deal: Obama’s Mortgage Refinancing “Stimulus” Plan

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China: Obama Has Failed To Defuse ‘Debt Bomb’; Chinese Govt Downgrades US Debt

Niccolo Machiavelli Big Peace 8/3/2011

BEIJING: China warned Wednesday that tortured efforts to raise the US debt ceiling had failed to defuse Washington’s “debt bomb”, and that it would further diversify its currency holdings away from the dollar.

US President Barack Obama finally signed an emergency austerity bill on Tuesday that averted what would have […]

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