Counting people will cause inflation?
Fact or Fiction?
Here’s a Saturday afternoon video for you to ponder.
As some of you might know – I’m somewhat a fan of Peter Schiff – and his economic viewpoints.
In this particular video clip from last week’s Hard Assets Investment Conference in New York City – Schiff makes sense when it comes to economic bailouts of large corporations – and more!
(note: video quality is slightly sub-par)
2010 Census will be painful
“Peter Schiff addressed the government’s hiring of 60,000 census workers last month, which we discussed in our latest article. Most mainstream economists are phrasing the government’s plan to hire 1 million census workers in the next couple of years as a stimulus to our economy. The fact is, these are non-productive jobs and those who earn pay checks for counting people will now be competing against all of us when it comes to purchasing consumer goods!
Massive inflation is coming. Please prepare your friends by spreading the word about Inflation.us!”