Peter Schiff on bailout

[aviomaster]

Peter SHiff is right 100% .... House prices are too high ...

Thanks to the house bubble burst , many people are living in houses and are not paying anything , just keep paying real estate tax .... living FREE for a year

Banks will not kick these people out to keep house prices from falling even further , YES it is happening .

THIS never happened in history of USA ... ...

[aviomaster]

-- WHAT Peter Shiff said in 06 it is all coming to past ,

Prices rise , taxes rise ,

He seems to be sure in what he is saying , and these fuckers ... who the hell they are .

[DesTroYeRuS7]

That dude with glasses is latest japanese andoid looks like a human and know few economic sentences but NO FUCKING BRAINS at all

[justgetsome]

Yun, I don't think understands. He's a puppet as well. At least the other dude besides peter has a grip.

[xpressivist]

the bailout package is a sucker's payoff and not pareto optimal. i commend the us congress for rejecting this bill. inflation is inevitable whether you pass this bill or not. but if you pass this bill, inflation will be higher and worse. i will also vigorously oppose this bill if i am an american.

[xpressivist]

practical economics: a good economy should be based on production and savings, not on consumption and borrowing. the role of government and market is to balance them by regulating each other. we are in this crisis because governments and the market have failed to make this balance. countries who will suffer severely from this crisis are those whose consumptions and borrowings are too high while productions and savings are too low. my country, the philippines, will not suffer so much from this.

[Paseooo98765]

hahahhaa, ROFL.. good comment by 'myrelative'.. very observant, lovely..

[dorbei]

Hi becky, can you post the rest of the interview too?

[myrelative]

peter is a bit too aggressive on these kind of shows, probably because he's used to being on fox news shouting shows

[spathieluder]

I think it's justified. The pundit is suggesting to borrow more money to "solve" a problem caused borrowing money. I agree with Peter. That pundit deserved that smack down.

[kapaka12]

I am sorry, but does one of the guests has an English comprehension problem..?