Quote Originally Posted by firstenrgy View Post
Unfortunately, despite HUGE deficit spending, the unemployment rate continues to rise (who would have known... sorry, I had to). The truly sad thing is that once the tax credits for housing, the crazed spending gets halted (a must), we are in for harder times.
5 years from now the euro will cease to exist or be utterly worthless. England will be back to the pound sterling and Germany to the mark.
It's going to get ugly.
I'm sure people will think, crazy FirstEnrgy but I've backed up past claims with current facts.
I attended a Freedomfest conference here in Vegas a couple weeks ago. I signed up through Mises.org and attended all of Mises conferences. Our lunch speaker was Peter Schiff, the successful businessman/economist and 2010 U.S. Senate candidate. His speech was one of the best I have ever had the honor to hear in person. Anyway, he predicted worse times ahead too. It should be noted by the way, he predicted the financial crisis and housing crisis we're currently in. I hope this will not be the case but I fear the same thing unless some major changes are made to our monetary and fiscal policies.