We Cannot Reinflate the Bubble

Ron Paul addresses the House Financial Services Committee, and attemts to explain the difference between credit and capital. Bottom line: we cannot patch a system that has already FAILED.

Great Interview with Howard Davidowitz

Yahoo! posted this interview in the "Tech Ticker" section of Yahoo! Finance, a somewhat curious back-page location considering the message.

"The worst is yet to come," according to Howard Davidowitz, chairman of Davidowitz & Associates, who believes American's standard of living is undergoing a "permanent change" - and not for the better.

Peter Schiff Defends His Record

Mish, I love you, but I think Schiff deserves some slack... maybe even an apology.

Stimulus Bill: Judicious or Malicious?

Peter Schiff has come under fire lately for not positioning his clients as successfully as his rhetoric. While that may be true, the documented proof of his ability to foresee many if not most of the unpleasant economic events that have come to pass is undeniable, and therefore worthy of continued attention.

I hope you enjoy the video that follows, in which Schiff asserts that the stimulus bill currently being debated in Congress will not only be ineffective against our worsening fiscal landscape, it could be downright disastrous, resulting in "inflationary depression worse than anything any of us have ever seen."

Suffice to say that 'worse than any of us have ever seen' would be pretty darn bad.