Profile | Chip Hanlon
Website | Delta Global Advisors
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The Man with the Plan
By Chip Hanlon | January 14, 2009 | 3:39 PM | 3 Comments
Everyone's looking for a solution to this financial mess we're in... well, this guy has a few ideas (really, click and watch...this is so worth seeing today):
Why don't we enact his plan? Oh, that's right... we are enacting it.
Seriously: the recovery programs, mortgage assistance, mandated foreclosure forbearance, trying to raise agricultural prices (while in the next breath talking about maintaining a strong dollar-- that's a good one), working for "the common recovery"-- scary, statist stuff that has only one potential outcome: economic stagnation.
Then his remarks on creating the government market for gold--holy cow! Maybe you can figure it out, but I've listened to that part 3 times now and have no idea what he's proposing (which was, no doubt, precisely the point)... I keep seeing Richard Gere in my mind and hearing, "Give 'em the old, razzle dazzle."
I think to myself, 'only a younger, less sophisticated America could have been taken in by this nonsense' -- then I realize we're all being taken in the exact same way today!
Contrast all this with Michael Pento's article from a few days ago pointing out the path we took to end economic stagnation less than 30 years ago. Not this time...







