Steve Watson
Infowars.net
In an incredulous display of ignorance symptomatic of the underlying causes of the financial crisis, CNBC anchors laughed their way through an interview with respected economist Peter Schiff yesterday as he attempted to explain how an Obama presidency would negatively impact the U.S. economy. Erin Burnett and Mark Haines of CNBC’s Squawk on The Street persistently interrupted Schiff, CEO of Euro Pacific Capital, barely allowing him to finish sentences or even complete thoughts as he sought to explain how ‘Obamanomics’ will not address the problems at the core of the crisis and will instead perpetuate them….
Schiff has repeatedly warned that America is on the brink of a long and deep recession, the root causes of which are continually being touted as solutions by both Presidential candidates….Schiff is well respected amongst the major financial publications, primarily due to the fact that almost three years ago he accurately forecast that the U.S. housing market was a bubble that would soon come to bust, and also that the crisis would extend to the credit lending industry.
Perhaps if more people had listened to voices like his several years ago, instead of laughing at them, which as we have seen is still the case, then the economy would not be in such a dire mess today and we may have a presidential candidate who speaks of enacting change and actually means it. Instead the so called free world is today lumbered with a choice of endorsing a phony messiah or a dead duck, both representative of the fortified and irradicable Washington elite punch and judy show. More
Also see: Will Obama “Change” The Bush Police State Or Expand It?
Sphere: Related ContentTags: CNBC, Economy, Erin Burnett, Mark Haines, Peter Schiff, Squawk on The Street
