Yet another way to draw laughter from the audience

Here is an article from BBC News titled – Geithner assures China investors. US Treasury secretary Timothy Geithner is on a visit to Beijing. The article says that in a speech at Beijing university Geithner said “Chinese financial assets are very safe” drawing laughter from the audience.

Prediction of the US economic collapse

Recently I came across this article – http://www.naturalnews.com/019659.html. If the date on this article is to be believed then, the author has amazing predicted the many events that have already occurred. Others like Peter Schiff had also predicted the current collapse.

The article talks about the Fed buying the Treasury bills when no one else is willing to buy it. This is what exactly happened about 2 or 3 months ago when the Fed declared that it will be buying $1.2 trillion worth of T-bills.

According to the article, hyperinflation is the most probable exit taken by such crisis since printing money to pay off debt is the easiest way for the greedy governments. This is what happened in Germany in 1923 and this is what will happen in the USA now.

Peter Schiff’s Analogy

Another good analogy by Peter Schiff at 3:55 minutes offset in the following video. He says that we (the Federal reserve) has created too much paper money in the last few months. We haven’t seem to have too much inflation yet in the USA. But that doesn’t mean that we don’t have to worry about it. Money supply is out of control. Its like smoking a cigarette and saying that I don’t have to worry about smoking since I don’t have a lung cancer.