Sunday, January 25, 2009

They're Not Laughing Now

Peter Schiff, a tv financial analyst, appeared to be the lone voice of truth in the days leading to the financial meltdown. Watch as he is jeered and laughed at.

When you listen to what he's saying, he words are painfully clear. But back in 2006-07, people were enjoying their borrowed wealth to much to listen. Once again, I'm glad to be among those who've been taught to live within their means.

Relevant quote:
“All too often a family's spending is governed more by their yearning than by their earning. They somehow believe that their life will be better if they surround themselves with an abundance of things. All too often all they are left with is avoidable anxiety and distress” --Joseph B. Wirthlin

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