God’s Words of Strength to His People During Financial Turmoil
Rick Santelli loses it Wednesday in response shocking report that the economy actually shrunk in the fourth quarter last year.
“We are now Europe,” he declared on CNBC’s Squawk Box.
“Hey Joe,” Santelli said, “when you act like Europe, you get growth rates like Europe, and our discussions with economists sounds like we’re in Europe. They have the same discussions constantly.”
“They’re always doing the right thing,” he continued. “They’re always thinking they know better. And this is the kind of growth. We have become Europe. We are now Europe.”
Steve Liesman pushed back, “We reduced federal spending, government spending by 15 percent. Which part of that’s not Europe don’t you get?” “And why do we need to reduce government spending?” asked Santelli.
“Because we run trillion dollar deficits for crying out loud.” Certain extenuating factors such as cuts in government spending led fellow CNBC host Steve Liesman to resist such a comparison, but the surprising drop in economic output certainly isn’t good news. Just take a look across the pond for proof.
Concerns of a triple-dip recession in the U.K. are ripe after the country’s economy announced a drop in GDP just days ago.
Precious metals have always been a safe haven for investing in uncertain economic times. Precious metals are assets that will never lose their value. They are not subject to systematic risks as fiat/paper money and hedge/protect your hard earned wealth against inflation and other threats of devaluation. Cornerstone Asset Metals was established to help guide investors safely in and out of the precious metals market.
Learn more about how buying gold and silver today is a smart move for your investment portfolio.
» Contact Cornerstone Asset Metals today to learn more about buying gold and silver as an investment.
» Read our article: Why Silver is Going Up Today?
» Read our article: Why Gold is Going Up Today?
Past performance is not an indication of future potential values.
Related posts