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Damn the Torpedoes

- Peter Schiff - Euro Pacific Capital

Look at his statement in context to the rest of the paragraph. Its a simple read. Too many people grabbing the money coming in and there arent enough paying taxes to keep all the grabbing hands filled. The grabbig hands could be defined as belonging to social security recepients (and how many are among the millions that get social security who are too lazy to get a job, even before the 2008 event) and the bloated government payroll.

I believe that if you read more of Mr. Schiffs articles, you'll find that he has much to say about reducing government spending, not to mention the governments medling in matters beyond its mandate which of course requires mountains of freshly printed Bernake bucks to keep running.

Commented 4336 days ago

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Beginning of the headline : Last week in an interview on CBS Network News, Economist Mark Zandi, the chief economist for Moody's, unwittingly revealed a central error of the global economic establishment.Zandi has made a career out of finding the middle ground between republican and democrat economic talking points... Read More

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