“The president is bragging now that the deficit is finally below $1 trillion, but that’s the deficit in the recovery. If we slip into a legitimate or acknowledged recession, where are the deficits going to go, $1.5 trillion, $2 trillion? And how can we possibly finance that when the world is already saturated with the debt that we’ve issued to stimulate us out of prior recessions? [..] I think we are on the edge of something that is much worse than what we had in 2008 and 2009. I look around the world at places where you can put your capital, real estate is overpriced, the stock market is greatly overpriced, the bond market is in a historic bubble, that’s about the best short sale I can think of in the world.”
Related posts:
Naomi Wolf: The coming drone attack on America
Jacob Hornberger: Why Not Simply Abolish the CIA?
Arriving in Slovakia in November of 1989
A Nation of Rules: The US Justice System
Napolitano: What if Government Steals Liberty and Fails to Deliver Safety?
America, Flirting with the Dark Side of History
The Best Quality Of Life In The World: Residency & Citizenship In Austria
Bitcoin, Encryption, Drug Use, and the FBI's Own Bitcoin Wallet
America's Social Recession: Five Years and Counting
Not Your Father's Stock Market Anymore
Obamacare will hurt young people most
He Parlayed Coins To Crowns; Mayer Rothschild's street smarts [2004]
It's Not "If;" It's "When"
Blind Man's Bluff: Why the Surveillance State Is Doomed
About That Supposed Correlation of the U.S. Dollar and Gold....