The brutal truth that no one in Washington dares acknowledge is that our systemic economic problems can only be solved by a reduction in consumer borrowing and an increase in savings. We must repair our national balance sheet and a painful recession is the only path to achieve this. By interfering with the market’s attempts to bring this necessary change about, all the proposals currently coming from Washington or bubbling up from think tanks and Nobel prize-winning economists, will only exacerbate the imbalances and lay the foundation for even greater losses and a larger crisis.Sad in a way. It's like a lesson your dad gives you when you take out your first credit card. Keep your savings high and your spending low. Live within your means. "Neither a borrower nor a lender be."
~Peter Schiff (right, as usual)
Poll: Trump approval rating at 42 percent - President Donald Trump's approval rating as the 100-day mark nears is the lowest of any other president since pollsters started measuring it in 1945, acc...
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