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The Almighty Buck

Journal RM6f9's Journal: It's not news 2

It's not *really* "news", it's Jon Stewart, but I found his recent interview with this guy:

http://en.wikipedia.org/wiki/Peter_Schiff

Interesting, and somewhat terrifying.

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It's not news

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  • "Schiff also discusses the role of the U.S. consumer in the world, saying that the U.S. consumer thinks he's doing the world a favor by consuming what the rest of the world produces. He is quick to point out that this relationship will come to an end much sooner than people imagine, and with negative consequences for the U.S. Schiff has been quoted as saying: "Consumption is its own reward for Production"[citation needed]--meaning that without production, the US cannot indefinitely sustain its ongoing consu

If a thing's worth doing, it is worth doing badly. -- G.K. Chesterton

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