Peter Schiff on FOX Business News 12/07/10

Peter Schiff :"...unfortunately this is going to make the problems worse because yes we are cutting taxes but rather than funding the government through taxes we are gonna fund it through debt and the extra debt is going to undermine the economy more than lower taxes benefits , and of course a lot of that debt is going to be funded by the federal reserve monetizing debt that's why oil hit a two year high today , copper hit a record high you see commodity prices surging the CRB hit a new two year high so the cost of living is going to rise and that's going to hurt every American ......etc...

Jim Rogers Ireland is bankrupt

Dec. 7 2010 | Some countries in Western Europe are bankrupt or are having serious liquidity problems and they should be allowed to restructure their debt, famous investor Jim Rogers told CNBC Tuesday
Jim Rogers Ireland is bankrupt

Marc Faber : US and European interest rates are negative in real terms

Marc Faber : “US and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying,” “You can see it when you pay for your insurance premiums, your groceries, your child’s pre-kindergarten schooling in New York there has been a loss of pricing power for most people.”

Niall Ferguson : China Bail Out the EU

CNN's Fareed Zakaria and Niall Ferguson and the FT's Gillian Tett on the EU crisis and possible help from China.

Goldman Sachs Shares Stumble as Firm Considers Selling Mortgage Servicing Division

"Shares of Goldman Sachs (GS) are down following a report that the firm is considering selling its mortgage-servicing division.

The move would come less than three years after moving into the business of collecting on home loans and foreclosing on delinquent borrowers, according to the Financial Times.

Goldman shares are down 0.35%, or $0.57, to $161.93."