Happy Labor Day, if you have a job

I have a backlog of blogs; seems my super duper small browser has a few shortcomings.  Still like it though (Sunrise.)  Incredibly small and fast. Or, I may be technically inept.  You decide.

I think one one piece went out earlier today.  Consider that lucky. I am wandering around since Friday, really, as my office building was closed with a "POISON" sign on the door. I actually obeyed the do not enter advice. Lucky for you, I have my Mac. 

Even with that cornucopia of blogs, I should republish Peter Schiff's outlook asap. Schiff is a money man who ran for Senate in Connecticut. Look him up, if you are not sure who he is. He is one of the guys who sees clearly. He lost the Senate race, not being a commie or wrestler.  Had Paul and Schiff won, we would be in trouble, now, but have a way out.  Now, well read the article.

Thus, it is time to panic. There is no longer breathing room.  Protect yourself now. You know what you need to do and get out of MOST stocks. Second, next week is primary week in my part of the world. If you are registered in a party, GO and VOTE.  The primaries are the only elections that matter. Vote NO to Marx, idiots, party hacks, career politicians, people who assume victory. You may want to study up on anyone names Al Kabong.

• ARCHIVES
• ABOUT US
• FAQ

2.5K

Schiff: We're Heading For A Crisis
Worse Than 2007

By Money Morning Staff Reports

---

Washington is engaged in a massive "campaign" to make Americans believe the economy is in recovery.  But in reality the United States is at the brink of a devastating economic crash that will cause catastrophic market losses and impoverish millions.

That's according to Peter Schiff, the best-selling author and CEO of Euro Pacific Capital, who delivered his frightening warning to investors in a recent interview on CCTV.

"The problem with politicians is they don't want to level with the voters and tell them how bad the economy really is and what the cure for the disease is," Schiff said.

The "disease" Schiff refers to is a toxic combination of our massive $16.4 trillion debt and the Fed's continued devaluing of the dollar through its controversial 7-year long "easing" program.

The Fed is currently purchasing $85 billion a month in Treasury and mortgage bonds, a form of stimulus.

President Obama and like-minded politicians claim this stimulus has pushed the economy forward, boosting GDP and keeping inflation low.

But Schiff says "it's another lie." 

In fact, according to Schiff, the government has done nothing more than create a "phony" economy that is "completely dependent on the ability to borrow more money that we can't pay back."

"The Fed knows that the U.S. economy is not recovering," Schiff said. "It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode."

"The crisis is imminent," Schiff said. "I don't think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems."

Editor's Note: As a service to our readers, we've arranged a way for you to get a copy of Peter Schiff's new best-selling book, The Real Crash: How To Save Yourself And Your Country, for free, including shipping. The book shows in plain language exactly what economic dangers ordinary Americans face right now and how you can protect yourself. Please go here for your free copy.