Another time to say, "Peter Schiff is Wrong".

http://www.modavox.com/voiceamerica/...

Deflationary Depression Cannot Be Overcome with Bernanke’s Helicopter Money

Michael “Mish” Shedlock argues that the enormous amount of debt taken on by the United States and its citizens dooms our country to a second Great Depression and a future of much lower living standards. He provides convincing evidence that current policies of deficit spending printing money by the FED, even if showered from Ben equipped helicopters will fail. The implications for investors if Mish is correct suggests it is a huge mistake to buy back into the stock market now. In fact, investors should be using this rally to sell stocks and raise cash and buy gold and pay off any and all debts. Ideally that would also mean paying off mortgage debt. Mish will provide powerful evidence that there is no way policy makers can escape this deflationary black hole. However, those who prepare for the impending deflationary abyss will be in a position to actually increase their wealth if they act now.