Showing posts with label black market. Show all posts
Showing posts with label black market. Show all posts

Friday, June 12, 2009

Return of the spiv

Schiff's on a roll - read him. It's long, but worthwhile, epecially the predictive part at the end. An Eastern credit strike, a collapsing dollar, rapid inflation, price controls and the development of a black market.
Unless we bite the bullet and accept high interest rates and a further, bigger crash in house and share prices.