Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Peter Schiff is Right

with 4 comments

Peter recently wrote a comment on the Time magazine announcement that the previous 10 years was the “decade from hell”.   He wrote:  “Under no circumstances could the past ten years be described as “the decade from hell.” In fact, in terms of economic good fortune, the period shares parallels with the Roaring Twenties. I would describe this as a decade of sin that paved the way to hell.”

He goes on to say:  “Yes, we had spectacular problems like September 11th and the invasion of Iraq – which were horrific for those who were directly affected – but for most Americans, it was a time of unexpected wealth and unearned prosperity. Up to the days of the stock market crash, the economics of the decade will be remembered for cash-out refinancing for millions of homeowners, no-doc liar loans, no-money-down car purchases, eight-figure Wall Street bonuses, cheap Chinese imports, and trample-to-death holiday sales. In other words, the decade now closing gave us the biggest and most irresponsible spending orgy in U.S. history. The past decade was the party; the one ahead will be the hangover. “

Today Chris Dodd is stepping down from his senate seat because of the heat that Peter Schiff has been putting on him since his announcement to run for senate.  Go for it Peter.


Written by opinionoregon

January 6, 2010 at 4:08 pm

4 Responses

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  1. I wish more leaders had the courage to tell the truth. Peter Schiff stands along side a fw other brave politicans who are warning us of what is to come.

    Anti Lib

    January 6, 2010 at 4:11 pm

  2. I wish Mr. Schiff lived in California so he could displace the corrupt ladies out here.

    Wilson Smyth

    January 6, 2010 at 4:12 pm

  3. Greetings – thanks for this intrigiuing article. Please accept this, my English is not so good. Hindi is my first language but I am learning getting down English. Regards!

    Fernanda Kelton

    January 8, 2010 at 9:40 pm

  4. Like this post! 😀 I too do not like David Wu and I am a democrat. Keep up the commentary. I will be coming back here for sure!


    February 2, 2010 at 11:12 pm

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