Have you seen this?

[Boreas]

Originally Posted by finnbow

I watched the first 5 minutes. In summary, I have no faith in economic prognosticators, particularly those who reside on cable TV. They may be right, but even a blind squirrel sometimes finds a nut.

That's about how far I got. I have a little trouble taking things like this seriously when they don't source anything they claim, use unidentified talking heads'* out-of context remarks and make claims like, "The Federal Reserve is nothing more than a counterfeiting operation. Since the creation of the Federal Reserve in 1913, ninety-five cents of every dollar saved by Americans has been stolen."

Wow, really?

*Yes, I know who many of them are but, except for the Swiss economist Marc Faber, none was identified. This guys' been around for a while predicting the imminent collapse of our economy. He's a bit too alarmist for my taste but he did say this which I like:

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."

John