Feb 12 2008
How Serious is the U.S. Financial Situation?
“…but wanting to have their ears tickled, they will accumulate for themselves teachers in accordance to their own desires”.
– II Timothy 4:3
Glen Beck’s observation on all the hate mail he receives when he would talk about the bad things going on in the economy in 2007 are valid. For better or worse, folks don’t like a wet blanket at the party telling them that there’s going to be substantial consequences in the hangover (or worse) department from all the excesses. No, when it comes to bubbles, people would rather party on until they crash.
Here we are nearly 6 months after this excellent Glen Beck interview with Michael Panzer and Peter Schiff, and a majority still can’t contemplate how severe the situation is. The interview is as relevant today as it was in September of 2007. The part about U.S. economy vulnerability is crucial, especially when you consider the threats of, say, Chavez in Venezuela to cut off shipments of Oil to the U.S.
