WHEN INTERST RATES RISE

http://moneymorning.com/ob-article/schiff-us-will-win-currency-war.php?code=3243

WHEN INTREST RATES RISE  IT IS ALL OVER...
 OUR CURRENT WORLD ECONOMY IS IS BEING PUT ON LIFE SUPPORT WITH DANGEROUSLY LOW INTEREST RATES AND WORLD WIDE MONEY PRINTING I HAVE BEEEN BUSY THIS WEEK WORKING ON A SHORT POWER POINT (I MAY POST VERY SOON HERE) AND HAS TAKEN MOST TIME AWAY FROM( OUR BLOG) MY APOLOGIES HOWEVER IT HAS HELPED CREAT SOME FORCASTS FOR THIS DECADE AND YOU VERY WELL MAY NOT BELIEVE THEM AT ALL. MOST ARE WELL ON THERE JOURNY TO HAPPENING WE WILL WAIT AND SEE AND FINE TUNE THOSE AS WE EVER EVOLVE THROUGH THIS TIME WE HAVE ON EARTH.

IT IS HUMAN TO RESIST THE UNKNOW FUTURE AHEAD AND WE SEEM TO BE MOVING DEEPER INTO THE (ALIEN) TIME OF THESE 10 YEARS 2010 - 2020 ALTHOUGH IT CONTINUES TO GET DIFFICULT TO KEEP UP. I KNOW I MUST ALWAYS BE INFORMED OF WHAT IS COMMING AHEAD CURRENTLY IT IS TOUGH PRESENTING ACCURATELY AS PEOPLE MAY THINK YOUR AN EXPERT AND FAULT YOU FOR NOT KNOWING AN ANSWER TO A QUESTION, AND HONESTLY WE REALLY DON'T KNOW WHAT THE FUTURE BRINGS WHICH WILL  WORK TO OUR ADVANTAGE BECAUSE; I SEE IT SO THAT WE CAN/WILL CREATE (THAT/OUR) FUTURE FULL OF FAMILARITY AND SAFETY WE ALL WANT AND NEED

EVEN THOUGH I WONDER I ALSO MUST DO AND BE MY BEST CAUSE THATS THE BEST I WILL BETTER  BE

GNS+RESEARCH


http://moneymorning.com/ob-article/schiff-us-will-win-currency-war.php?code=3243

MONEY MORNING

A record breaking stock market is distorting a frightening reality: The U.S. is being eaten alive by a horrific cancer that will ultimately destroy the economy and impoverish the vast majority of its citizens.
That's according to Peter Schiff, the best-selling author and CEO of Euro Pacific Capital, who delivered his harsh warning to investors in a recent interview on Fox Business.
"I think we are heading for a worse economic crisis than we had in 2007," Schiff said. "You're going to have a collapse in the dollar...a huge spike in interest rates... and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it."
Schiff says that, despite "phony" signs of an economic recovery, the cancer destroying America stems from a lethal concoction of our $16 trillion federal debt and the Fed's never ending money printing.
Currently, Bernanke and company is buying $1 trillion of Treasury and mortgage bonds a year. That's about $85 billion per month against a budget deficit that is about the same level.
According to Schiff, these numbers are unsustainable. And the Fed has no credible "exit strategy."
Eventually interest rates will rise... and when they do, Schiff says, stocks will tank and bonds dip to nothing. Massive new tax hikes will be imposed and programs and entitlements will be cut to the bone.