I asked you for the contact info if you do work for ron Paul. If you don't provide it I will just take you for a WWE junkie or a Dodd baglicker troll.
This comment has received too many negative votesshow
Those comments were from Warren Buffett, from his most recent letter to shareholders of Berkshire Hathaway. I just happen to agree with then and believe they refute what Peter is claiming. Peter makes several flatly false statements that the parrots around here echo endlessly without even considering. No bank received money for free. The fed funds rate has never been zero. I think Peter does more damage by not sticking to the truth. He's wrong about the stimulus as well, it spared us worse.
During the last two weeks, the overnight rate has been around 0.11-0.13%. Not zero? Yeah right. It should be 50 times higher under normal circumstances.
the stimulus was not a stimulus, it was a depressant. all it did was get us deeper in debt. how does that help? too much debt what caused this economic collapse! only a moron would think getting into even MORE debt is the answer. if the dollar collapses it will be like nothing you or anyone in human history has ever seen. look at zimbabwe. obama is playing a dangerous game with the lives of 300 million people. what right does he have to do that? according to the constitution, none.
Participate in OGD if you believe what your rant. Have you joined govloop or nextgov? Probably not. I'm guessing your contribution to our nation is mostly focused on hating stuff. A wise move on your part.
wish I coulda been at this meeting- would have been great to hear the man in person. Love the way Peter starts off slow and quiet- then transcends his speech into a hard hitting rant.. reminds me (to a lesser extent) of another great speaker in history in Germany in the 1930s.
... the real standard of living for Americans improved nearly seven-fold during the 1900s, while the Dow Jones Industrials rose from 66 to 11,497. Compare the record of this period with the dozens of centuries during which humans secured only tiny gains, if any, in how they lived. Though the path has not been smooth, our economic
system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so. Americas best days lie ahead.
Those are Warren's own words, from his most recent letter to shareholders. I'm afraid I just disagree. In my opinion, he's as fine a person as it is possible to be He has no reason to lie, and if you review his holdings, the vast majority of BRK assets are American. But he'll invest anywhere that looks promising. Duh. It doesn't change the fact that he believes our economy has the most potential and brightest future.
All of this seven fold you talk about is inflation. The nikkai was 39,000 in 1989 20 years later it's hovering around 10,000. it's lost 75% of it's value in this time.
Americas days are numbered. America is making the same mistakes Japan did with propping up insolvent companies.
What most convinces me that Peter is mostly concerned with his own future and not ours, like everyone else seeking public notoriety is that he misses the obvious things that would have an enormous positive impact on our economy--like taxing the underground economy (roughly 1/5 of the total) which is easily done in today's electronic world. He's just slinging this shit because it works--it gets morons that don't really understand our financial reality worked up enough to vote for him.
Of coarse, if the government can just find more people to tax our economy will flourish! We all know that resources are best used by the federal government
Come to think of it, why dont we just turn the whole economy over to our wise overlords. the prosperity will be incredible! getting more money into government hands = more money spent wisely!
I'm for less taxes. That's why I think taxing the underground economy is so important. It's the best way to obsolete the utility of illegal immigration, allows honest people to pay a lower rate. I can't believe someone is actually arguing against taxing criminals. The only reason we can even do it is because we have such a deeply networked financial infrastructure. I honestly wonder if you even think about what you're saying or if you've become so angry you aren't capable of a discussion.
When in the last 40 years has our government let tax reciepts dictate spending? U really think if they collect more taxes from another group that they will lower your taxes rather than just find more things to spend money on?
It may make you feel better to have the governmet stick it to other groups as bad as u are getting it, but there is no way that we can benefit economically by giving more private resources to government
What sort of argument is that? Don't look for fixes because they won't be adoptable? That's absurd. This is a potentially huge source of revenue from money that mostly leaves our nation now to go to Mexico, or for drugs, etc. It is such a huge source and could be taxed as such a high rate (like 1/3 to 1/2) that it would allow a reduction in tax rates for everyone else. In my opinion, criminals should be taxed at the highest rate possible. It will fall off initially as illegals leave.
Yeah, I disagree with you. And I think you've misrepresented the facts. Anyone honestly interested in the truth can watch this: -gSq19tJUBs "Peter Schiff vs Warren Buffett on America"
I've followed WB for many years. You're just wrong, he has said many many times that he believes that our economy will do well in the coming years despite the recent setbacks.. His investments coincide with his comments. You can try to twist that, as Peter does. But it doesn't change the truth of the matter.
Don't forget the $70 odd trillion dollars well meaning people paid into govt programs sans their own private financial programs including medical insurance instead relying on this govt to provide these funds. Why do you think this govt controlled medical has become so important. It has nothing to do with getting medical for those that don't have it. Just like the TARP funds THAT ARE STILL BEING HELD BY THE FED OR THE BANKS WE DON'T KNOW THE FED ISN'T SAYING.
Govt needs complete control over the medical because they've STOLEN YOUR MONEY, PISSED IT AWAY, IT'S NOT DIFFICULT. These criminals are broke the money belonging to medicare, medicaid, social security recipients. Socialism doesn't work, these programs are socialistic to the bone..Quadrillions essentially taken at the barrel of the IRS gun...WAKE UP PEOPLE...this isn't difficult to understand. Look up the financial history of Argentina..welcome to the new America..WAKE UP !!
I support socialized medicine because that's what we have for our most precious citizens--our troops. We should all be on that same plan. With the condition that whenever there is a wait, that vets and active duty military go first, the public goes second, the public sector (those who work for the government,) go dead last. That way the people who most control the quality and availability of heath care don't get treatment themselves unless everyone else has been treated already. Simple.
It speaks volumes about the imperialism that the USA now esposes when our troops are considered our most "precious" citizens. Not our children, not our teachers, not our philosophical leaders, but the implementation of our military dominance. We are seeing the culmination of 50-60 years of terribly flawed and downright corrupt abuse of the concept of protection of "national interest" at the expense of common morality.
Call me crazy if you like, but yeah, I think the young men and women that put their lives on the line for the rest of us are quite clearly our "first" citizens. They and their families risk everything so the rest of us can live the lives we want. It doesn't mean I worship war in any way, or think my nation has the right to dominate the world. It just means I'm grateful and believe we should show that gratitude as a society. This is a free nation which means you can even hate them if you like.
This country is not as free as you think. Fascism with a smilie face, PD551, Patriot Act, Secret abductions - the list can go on. This is one of the reason why we need someone like Schiff and Ron Paul to be in govt. This country has been purchased too cheaply - we need to get it back
I disagree that any person could fix what's wrong with our government. I think it will come from the bottom up, not the top down. From local attempts to build better communities with social media that end up inadvertently reinventing their own local electorates. All that stands between the world we know today and one where a global meta-government sets the agenda for all nations is probably just a single properly designed web site: capable of harvesting our collective wisdom, will, and insight.
If you do not understand what Peter is talking about, please study economics and research what has transpired past few years. Then, and only then, please leave a comment. If not, admit that you are stupid and ask your questions. Thank you.
A lot of what he says is true, but he misrepresents stuff as well. Which bank got money for free for example? That's just false. His bottom line premise is correct, that ultimately wealth can only be created by jobs in the private sector. But I believe he misrepresents the trauma associated with the deflation his solution would have caused. I think Warren Buffett's recent mega investment in American infrastructure proves that there is at least one economic maven who disagrees about our future.
0% interest rate is free money, even though it has to be paid back. Deflation means things get cheaper, how is that a bad thing? Warren Buffett has become a cheerleader, sadly.
I'm sorry, I hate to be the dreaded youtube comment arguer, but I'm head over heels for this man because he's 100% right on everything.
The fed rate is currently a quarter point. It has never been zero. Perhaps if you read something factual occasionally you wouldn't say so many things that are just plain false.
the fed fund rate is 0 to .25 It is not zero. However, making a point of this minor detail is pretty much pointless cuss it has the exact same effect. It is like comparing a murderer of 10 people and 11 people. Both are bad.
The point is that it's impossible to have a constructive discussion if people are just pulling numbers out of their assholes. Ironically, I'm actually working on some software that will try to change that by making it virtually impossible to misrepresent easily checked facts (by linking them to those references.)
LOL...Are you kidding me? Don't tell me that you are an American. It freaking saddens me that we have idiots like you walking blind, deaf, and dumb, yet feel the need to have an input. Ughhh.
any bank that can borrow from the fed gets money for free. the fed rate is at zero right now.
If u can borrow money at zero interest rate, invest that money in say a japanese bond then pay back the loan from the fed and pocket the interest from the bond, that is as free as money can get buddy
YES and as a bonus, if you have political pull, you can even risk any assets you actually do have, because the same money-masters will BAIL you out on the Taxpayer dime.
penis
Soldadenny 1 year ago
click on the spam link to block spammer tommy6238.
michaelpshipley1 2 years ago
This has been flagged as spam show
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
This has been flagged as spam show
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
This has been flagged as spam show
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
@tommy6238 ...so do you work for Chris Dodd or Linda McMahon?
justgetsome 2 years ago
This has been flagged as spam show
I work for Ron Paul and Liberty. Schiff is a neocon.
tommy6238 2 years ago
I seriously doubt that. If you work for Ron Paul please give me your extention number at his office so i can confirm this.
I hate home grown liars worse than Al-Quida. At least they take a stand....you, well...we will see.
justgetsome 2 years ago
This has been flagged as spam show
Schiff is not a libetarian
tommy6238 2 years ago
I hope he's not a libetarian? He's a libertarian.
I asked you for the contact info if you do work for ron Paul. If you don't provide it I will just take you for a WWE junkie or a Dodd baglicker troll.
justgetsome 2 years ago
This has been flagged as spam show
Schiff is not a libertarian
tommy6238 2 years ago
Hey at least you spelled it right this time, get stuffed loser.
justgetsome 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
lol
vinny1010 2 years ago
I really don't care if the entire middle-east is made into a glass crater, including Israel.
justgetsome 2 years ago
thanks for the video. too bad no zoom.
michaelpshipley1 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
This comment has received too many negative votes show
Those comments were from Warren Buffett, from his most recent letter to shareholders of Berkshire Hathaway. I just happen to agree with then and believe they refute what Peter is claiming. Peter makes several flatly false statements that the parrots around here echo endlessly without even considering. No bank received money for free. The fed funds rate has never been zero. I think Peter does more damage by not sticking to the truth. He's wrong about the stimulus as well, it spared us worse.
ananiasacts 2 years ago
During the last two weeks, the overnight rate has been around 0.11-0.13%. Not zero? Yeah right. It should be 50 times higher under normal circumstances.
pernilsson1980 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
the stimulus was not a stimulus, it was a depressant. all it did was get us deeper in debt. how does that help? too much debt what caused this economic collapse! only a moron would think getting into even MORE debt is the answer. if the dollar collapses it will be like nothing you or anyone in human history has ever seen. look at zimbabwe. obama is playing a dangerous game with the lives of 300 million people. what right does he have to do that? according to the constitution, none.
michaelpshipley1 2 years ago
It's a shame folks with all the answers never seem to run for office.
ananiasacts 2 years ago
oue electoral process is broken.....it really doesn't matter who runs anymore, they all pray at the same altar ultimately
pretorious700 2 years ago
Participate in OGD if you believe what your rant. Have you joined govloop or nextgov? Probably not. I'm guessing your contribution to our nation is mostly focused on hating stuff. A wise move on your part.
ananiasacts 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
Comment removed
pretorious700 2 years ago
wish I coulda been at this meeting- would have been great to hear the man in person. Love the way Peter starts off slow and quiet- then transcends his speech into a hard hitting rant.. reminds me (to a lesser extent) of another great speaker in history in Germany in the 1930s.
geniusmarketing08 2 years ago
th only differance is the content of the speech is the exact polar opposite unlike the content of te speeches of a certain democrat party leader
psw003 2 years ago 2
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
... the real standard of living for Americans improved nearly seven-fold during the 1900s, while the Dow Jones Industrials rose from 66 to 11,497. Compare the record of this period with the dozens of centuries during which humans secured only tiny gains, if any, in how they lived. Though the path has not been smooth, our economic
system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so. Americas best days lie ahead.
ananiasacts 2 years ago
Those are Warren's own words, from his most recent letter to shareholders. I'm afraid I just disagree. In my opinion, he's as fine a person as it is possible to be He has no reason to lie, and if you review his holdings, the vast majority of BRK assets are American. But he'll invest anywhere that looks promising. Duh. It doesn't change the fact that he believes our economy has the most potential and brightest future.
ananiasacts 2 years ago
All of this seven fold you talk about is inflation. The nikkai was 39,000 in 1989 20 years later it's hovering around 10,000. it's lost 75% of it's value in this time.
Americas days are numbered. America is making the same mistakes Japan did with propping up insolvent companies.
justgetsome 2 years ago
This has been flagged as spam show
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
What most convinces me that Peter is mostly concerned with his own future and not ours, like everyone else seeking public notoriety is that he misses the obvious things that would have an enormous positive impact on our economy--like taxing the underground economy (roughly 1/5 of the total) which is easily done in today's electronic world. He's just slinging this shit because it works--it gets morons that don't really understand our financial reality worked up enough to vote for him.
ananiasacts 2 years ago
Of coarse, if the government can just find more people to tax our economy will flourish! We all know that resources are best used by the federal government
Come to think of it, why dont we just turn the whole economy over to our wise overlords. the prosperity will be incredible! getting more money into government hands = more money spent wisely!
psw003 2 years ago
I'm for less taxes. That's why I think taxing the underground economy is so important. It's the best way to obsolete the utility of illegal immigration, allows honest people to pay a lower rate. I can't believe someone is actually arguing against taxing criminals. The only reason we can even do it is because we have such a deeply networked financial infrastructure. I honestly wonder if you even think about what you're saying or if you've become so angry you aren't capable of a discussion.
ananiasacts 2 years ago
When in the last 40 years has our government let tax reciepts dictate spending? U really think if they collect more taxes from another group that they will lower your taxes rather than just find more things to spend money on?
It may make you feel better to have the governmet stick it to other groups as bad as u are getting it, but there is no way that we can benefit economically by giving more private resources to government
psw003 2 years ago 3
What sort of argument is that? Don't look for fixes because they won't be adoptable? That's absurd. This is a potentially huge source of revenue from money that mostly leaves our nation now to go to Mexico, or for drugs, etc. It is such a huge source and could be taxed as such a high rate (like 1/3 to 1/2) that it would allow a reduction in tax rates for everyone else. In my opinion, criminals should be taxed at the highest rate possible. It will fall off initially as illegals leave.
ananiasacts 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
Yeah, I disagree with you. And I think you've misrepresented the facts. Anyone honestly interested in the truth can watch this: -gSq19tJUBs "Peter Schiff vs Warren Buffett on America"
I've followed WB for many years. You're just wrong, he has said many many times that he believes that our economy will do well in the coming years despite the recent setbacks.. His investments coincide with his comments. You can try to twist that, as Peter does. But it doesn't change the truth of the matter.
ananiasacts 2 years ago
Don't forget the $70 odd trillion dollars well meaning people paid into govt programs sans their own private financial programs including medical insurance instead relying on this govt to provide these funds. Why do you think this govt controlled medical has become so important. It has nothing to do with getting medical for those that don't have it. Just like the TARP funds THAT ARE STILL BEING HELD BY THE FED OR THE BANKS WE DON'T KNOW THE FED ISN'T SAYING.
MrRiceowlex 2 years ago
Govt needs complete control over the medical because they've STOLEN YOUR MONEY, PISSED IT AWAY, IT'S NOT DIFFICULT. These criminals are broke the money belonging to medicare, medicaid, social security recipients. Socialism doesn't work, these programs are socialistic to the bone..Quadrillions essentially taken at the barrel of the IRS gun...WAKE UP PEOPLE...this isn't difficult to understand. Look up the financial history of Argentina..welcome to the new America..WAKE UP !!
MrRiceowlex 2 years ago 2
I support socialized medicine because that's what we have for our most precious citizens--our troops. We should all be on that same plan. With the condition that whenever there is a wait, that vets and active duty military go first, the public goes second, the public sector (those who work for the government,) go dead last. That way the people who most control the quality and availability of heath care don't get treatment themselves unless everyone else has been treated already. Simple.
ananiasacts 2 years ago
It speaks volumes about the imperialism that the USA now esposes when our troops are considered our most "precious" citizens. Not our children, not our teachers, not our philosophical leaders, but the implementation of our military dominance. We are seeing the culmination of 50-60 years of terribly flawed and downright corrupt abuse of the concept of protection of "national interest" at the expense of common morality.
pretorious700 2 years ago
Call me crazy if you like, but yeah, I think the young men and women that put their lives on the line for the rest of us are quite clearly our "first" citizens. They and their families risk everything so the rest of us can live the lives we want. It doesn't mean I worship war in any way, or think my nation has the right to dominate the world. It just means I'm grateful and believe we should show that gratitude as a society. This is a free nation which means you can even hate them if you like.
ananiasacts 2 years ago
This country is not as free as you think. Fascism with a smilie face, PD551, Patriot Act, Secret abductions - the list can go on. This is one of the reason why we need someone like Schiff and Ron Paul to be in govt. This country has been purchased too cheaply - we need to get it back
vinny1010 2 years ago
I disagree that any person could fix what's wrong with our government. I think it will come from the bottom up, not the top down. From local attempts to build better communities with social media that end up inadvertently reinventing their own local electorates. All that stands between the world we know today and one where a global meta-government sets the agenda for all nations is probably just a single properly designed web site: capable of harvesting our collective wisdom, will, and insight.
ananiasacts 2 years ago 2
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
If you do not understand what Peter is talking about, please study economics and research what has transpired past few years. Then, and only then, please leave a comment. If not, admit that you are stupid and ask your questions. Thank you.
strawme01 2 years ago 4
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
A lot of what he says is true, but he misrepresents stuff as well. Which bank got money for free for example? That's just false. His bottom line premise is correct, that ultimately wealth can only be created by jobs in the private sector. But I believe he misrepresents the trauma associated with the deflation his solution would have caused. I think Warren Buffett's recent mega investment in American infrastructure proves that there is at least one economic maven who disagrees about our future.
ananiasacts 2 years ago
0% interest rate is free money, even though it has to be paid back. Deflation means things get cheaper, how is that a bad thing? Warren Buffett has become a cheerleader, sadly.
I'm sorry, I hate to be the dreaded youtube comment arguer, but I'm head over heels for this man because he's 100% right on everything.
trent2429 2 years ago 5
Who got money for 0%?
ananiasacts 2 years ago
The fed rate is currently a quarter point. It has never been zero. Perhaps if you read something factual occasionally you wouldn't say so many things that are just plain false.
ananiasacts 2 years ago
the fed fund rate is 0 to .25 It is not zero. However, making a point of this minor detail is pretty much pointless cuss it has the exact same effect. It is like comparing a murderer of 10 people and 11 people. Both are bad.
Bilakaifa 2 years ago
The point is that it's impossible to have a constructive discussion if people are just pulling numbers out of their assholes. Ironically, I'm actually working on some software that will try to change that by making it virtually impossible to misrepresent easily checked facts (by linking them to those references.)
ananiasacts 2 years ago
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
This has been flagged as spam show
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
LOL...Are you kidding me? Don't tell me that you are an American. It freaking saddens me that we have idiots like you walking blind, deaf, and dumb, yet feel the need to have an input. Ughhh.
strawme01 2 years ago 2
any bank that can borrow from the fed gets money for free. the fed rate is at zero right now.
If u can borrow money at zero interest rate, invest that money in say a japanese bond then pay back the loan from the fed and pocket the interest from the bond, that is as free as money can get buddy
psw003 2 years ago
YES and as a bonus, if you have political pull, you can even risk any assets you actually do have, because the same money-masters will BAIL you out on the Taxpayer dime.
engine2truck6 2 years ago
This has been flagged as spam show
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
ALL banks " get money" under terms dictated by the government. Some free money went out today: short term bonds at 0%,,0% is FREE.
engine2truck6 2 years ago 2
LOL. That is such a stupid comment it made me laugh. Kudos to you.
ananiasacts 2 years ago
Another large imbalance--Moral Hazards are too high.
mustang607 2 years ago
This has been flagged as spam show
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago
waiting for part 2 :o
spyletu 2 years ago 2
This has been flagged as spam show
watch?v=73vVEY8zNCE - Schiff is a NEOCON!!! He wants to bomb Iran! Don't support him!!!
tommy6238 2 years ago