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Puru Saxena, founder of a Hong Kong based investment firm, offered some extremely insightful comments on America's economic future:
Saxena's stark criticisms of the Federal Reserve and Federal Government echo Peter Schiff's dire warnings. Our leaders have elected to provide a quick fix to the drug addict. But, quick fixes don't cure the problem. Quick fixes don't require any foresight or genuine sacrifice. Quick fixes only prolong the agony and lead to a disastrous crash.
Peter Schiff, on the other hand, rejects the quick fix approach. He advocates balancing the budget, paying down debt, reducing foreign borrowing, and restoring the value of our Dollar. He refuses to accept massive debt, greater foreign influence, and a devalued Dollar as the pillars of the American economy.
Let's hope Peter Schiff decides to bring some common sense to Connecticut.
Read Saxena's article, "Postponing Judgement Day", here.