When Dr. Doom speaks, we should listen

[zzzz8]

http://www.theglobeandmail.com/servlet/story/LAC.20080729.RHEINZL29/TPStory/Business

 

[RSLudlum]

the last line is the best (or the worst )

He has two words for Canadian investors thinking now is a good time to shop for bargain-priced U.S. stocks: "Stay away."

 

[Kenso]

"The government doesn't have the balls to raise taxes. It's going to print the money. It's going to destroy the currency," he says.

Nice to see him tell it like it is in no uncertain terms. Much respect to Schiff.

 

[jkm1864]

20% inflation thats rough ... I was planning on getting a big raise but I'm sure its not going to help me keep up with inflation.....

 

[tmosley]

Same here. I think I will be all right though, since I am mostly self sufficient, and can simply pay back my fixed rate debts with worthless dollars.

Price-wage spiral would be QUITE beneficial for me personally, even though it might be bad for those with lots of cash.

Oh well, what happens, happens. Not much we can do about it but prepare.