TV analysts

Some analysts on  CNBC and Fox News are annoying. They don't see the fundamentals of economics. Here's a video to proof it. In the video below, only Peter Schiff got it right, in predicting our current financial crisis. His fundamentals are very logical and sound, and I've learned a lot from him. There are a lot of such interesting squabbles on youtube.

Here's a description written by the video uploader:
Ben Stein, Neal Cavuto, Arther Laffer, Charles Payne and others down right laugh at Peter Schiff in the years and months leading up to the 2008 economic crisis. Anchors and so-called experts on the economy openly laugh at Schiff. And these people are still allowed to be on TV.

Ben Stein is still being portrayed on Television as knowledgeable about the economy when he was embarrassingly wrong. 
 


Apologize to Peter Schiff



Even Steve Forbes and Warren Buffet are bullish on the US economy and supportive of the bailouts and stimulus plans, even though they know fully well that such policies were the root cause of the current crisis. Wall Street people just want their stocks to go higher, that's all they care. Ultimately, people in the  Main Street suffer.

The worse is yet to come. There are gonna be bigger crashes in the future, and I won't be surprised if the govt comes up with bigger stimulus and bailouts. Bigger deficits, bigger debts. Do you see how USA keeps on increasing its debt ceiling? What's the point of even having the ceiling in the first place if it's not to be observed? And yesterday, Obama revised upwards the US' 10-yr deficit estimate to 9 trillion dollars.

Soon the world will stop feeding the US with loans. The usd currency may crash, and if so, the world will be plunged into a spectacular depression.