"A well-known banking analyst says greed didn't cause the problem. Our reliance on China did."
http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1391259&_blg=1,1391259
This is exactly what Peter Schiff has been saying. The U.S. does not PRODUCE anything, we just send our money overseas to buy stuff we USE to produce.
Thursday, November 19, 2009
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