Monday, April 06, 2009

Videos for thought - 2

Check out this interview with Peter Schiff on Yahoo's tech ticker:



Pay attention around 3:34 where he equates the American economy to a Ponzi scheme. Don't you wish Schiff's word was the law? The Internal Revenue Service revised their rules recently to enable taxpayers to get a deduction on money lost in Ponzi-type investment schemes....one could possibly argue that every dollar spent in the American economy was tax deductible; unless, of course, you took Schiff's advice in 2007 and sent all your money abroad....

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