Friday, August 2, 2013

Peter Schiff: The Government Is Lying About the Economy

“Government economic statistics is not really information, it’s more like propaganda. Individuals and investors need to look through that government smoke screen, open up their eyes and see what’s actually happening… If you look at the contracting labor force, the declining use of energy, the explosion of poverty in America and income inequality, record numbers of people on food stamps and disability, all the part-time jobs that are now replacing the full time jobs… All of this is consistent with a shrinking economy, but the government won’t admit it.”

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