Dr. Doom - Recession to Depression?

[bjarnet3]

GREAT VIDEO!

[atki2828]

How did the policies of Roosevelt establish the greatest economic era in history? This school of thought is backed with no actual evidence what soever. Austrian schoolers speak so highly of this as if it has ever been effective. Keynes was effective for 30 years. It was a massive public works program called World War two that ended the depression.

[johanslada]

Its kind of tragic that highly educated ppl really think the economy not going to colapse! We take loan after loan and really dont have anything to back them loans up.

[DeathOfTheDollar2010]

Great Video!

DeathOfTheDollar2010. Blogspot dotcom

[Dean0000007]

Schiff has gotten alot of things right in the past. His policies though are like playing Monopoly with no regulation or social policies. What do you get at the end? A very very very rich upper class and beggars begging for jobs at pennies on the dollar.

[nsolcis]

come on dean,

govt regulation is what kills the middle class, it doesnt prop us up, lets be honest

[Dean0000007]

LOL, lets be honest here. Government has nothing to gain from destroying middle class jobs, whereas business does. Businesses gain big time by reducing salaries. Business has a window into government where they can lobby gov't and pay it off to open the borders, allow free trade, create monopolies, and make business friendly regulation. The company with the most money wins.

[Dean0000007]

Government doesn't lobby business, business lobbies gov't, otherwise gov't would setup shop on wallstreet, there are 260,000 lobbists directly or indirectly in Washington. 50 years ago there were under 60 lobbyists.

[0BatGirl0]

This fool is not worthy to call himself Doctor Doom! Only the monarch of Latveria may do so.

[girard1973]

Get out of debt! Pay off your debts NOW!

[Hermilion]

Not really .. when inflation comes .. your debt

will be meaningless (the same as government debt). This is exactly opposite to savings lost in inflation.

[girard1973]

I agree that with inflation debt will become less significant. However, as times roll on more of us are going to lose our jobs. Which means no money to pay bills. Also, why save? I save money and inflation eats it up. Therefore my theory. Pay off debt and pray! America is in big trouble. I hope we can work this out but I have my doubts. We are just to divided.

[Hermilion]

I am telling you of my own personal experience. I am from Poland and in

my lifetime I have EXPERIENCED HYPERINFLATION.

Problem is that during that time rate

is very high - so capital is smaller

A LOT ... but % rate is very big .

So most important thing to do is to have a good contract with your bank.

When you cannot pay it - bank will add

accumulated % to capital - and that IS a very nasty thing ... payment

bigger that your earnings.

[buzzz1213]

This ain't Poland many more angry people here in U.S. as far as contract with banks not necessary many people are not paying them now never mind in Hyper inflation situation.

[Hermilion]

Well you have one thing which is very good in US - your way real estate balloon works - you can always return keys and you are free of debt - debt is bind to real estate .. at least that is what I heard.

Here in Poland when you take a balloon when you cannot pay bank first takes flat .. then it can take all you have to compensate debt.

But nevertheless discussion was pay or do not pay debt - regardless of country when hyperinflation may come, right?

[Hermilion]

Paying off debt is OK .. but not that good ..

Best what you can do if you expect inflation

- is to have flat rate contract - like lets say static 8% rate for next 10 years - such

contracts exist in Poland ..

Then when hyperinflation comes .. your

debt adjusted by 8% becomes meaningless.

Second good thing you can do - if you can

pay off your debt is to not pay it off - is to keep

money for payment you have in gold and

foreign currency.

[Hermilion]

The same if you have savings - best you can do is to convert them into goods that will not inflate. A cash best was stored in foreign currency - gold is probably good .. but problem is when it comes to paying - gold is not easy to calculate to bill. So keep some in gold .. but also have some euros, chf (very stable), pounds etc When hyperinflation comes - people will stop accepting dollars - and they will ask for any foreign currency .. but not gold. Gold is too easy to fake ..

[Hermilion]

Well also probably the best you can

do is to emigrate on first sign of

hyperinflation .. thats why you have so

many polish immigrants there ;)

[girard1973]

Thanks for the advice.

[sysopkc]

I agree and it seems to me Poland has been one of the few Western European countries that has actually managed their economy someone ok.

[jetmaggot56]

Bailout=Obama giving billions of dollars to ACORN, unions, and others who helped him get elected. Not going to fix anything. Obama is trying to crash the economy, so he can remake America as a totallitarian state.

[wtfbroskie]

our founding fathers knew, that the greatest threat to their country was un checked government and central banks, they paid with blood to not let this happen. for a REALLY long time it was good, now look at us. central banks, un checked government, presidents complete disregard for the constitution. if ron paul is running for president for 2012, he has my vote, his economic advisor will be peter schiff, and hes the only one that really understands the constitution and wants to abide by it.

[emforty2]

Bailout=the poor paying for the sins of the rich

while they enjoy trips on their yacths and private jets

driving around in ferraris and bentlys

stop wathcing youtube and go to work now so they can tax you and give it to the corporations

[alcany]

Without regulation, the rich are just gonna get richer.

[jeremyrose]

So what? There is nothing wrong with being rich.

[des00s]

The rich make the regulations now, Einstein. Why do you think Warren Buffet pays less taxes than his secretary? Government regulation takes money from the productive and gives it to the elite. Always has, always will.

[LegeSilver]

Schiff is ignoring the time it takes for government money to create jobs. But it's still a good point.

[moybutter]

The gov't can't create jobs, the private sector does. The gov't can only print, borrow, & redistribute the wealth. Each of which has nothing to do with job creation. In fact, it was our printing press called the Fed Reserve & too much borrowing from the rest of the world which helped create the housing bubble.

[YouGotTheWord]

Hey Obama you Idiot where is my bail out money??? WHY are you stealing money from me to bail out the money changers??????????????

[shitfacemcstevens]

this guy is a fuckn idiot

[mikeygeneral]

i'm scared.

[dave777blaster]

It's bush no it's clinton no it's Bush no it's Obama

Thats why nothing gets done Americans do not want to face the truth they do not see reality

Which is 2 parties one platform.

they drink a cocktail of pharmaceuticals from their water supply are inflicted with Uranium from 1200 Nuclear bombs that were exploded in America and are too far gone now to help themselves.

When the end comes many Americans will be in rags and saying USA #1

[jckjti49]

Hyperinflation will wipe out everybody in America who doesn't prepare now. It will be worse than in Zimbabwe. Tell everybody you know to visit: Inflation . us

[sandroeleven]

so what....it china's turn to rule

[bastrdgtr]

I believe there will be hyperinflation, but honestly on the grand scale there are a handful of countries whose debt to GDP ratios are far higher than the US (including Germany, the UK, and France). I would suspect the Euro or GBP should be more likely to hyperinflate than the US dollar.

[rootbeerfan6]

I think that he is half right. Obama has not been in office long enough to be part of the problem. It is all on BABY bush. That man has had his head in the sand too long.

[stabileownzwow]

Operation: Fuck Everything Up worked for dubya

[gerryboy3699]

obama was selected by bush's boss to take over. he's carrying out the same evil orders of the new world order.

[MosulRapist]

He's absolutely right. it's funny how people think he's wrong because of what they learned in high school or what a friend told them about the great depression. The truth is in the history books. If someone bothered to crack one open and read it, they might be very surprised to find what they thought they knew about the 1920s/30's is wrong.

[ianlike]

this is just incorrect.

he knows nothing about the depression of 1930's

[Sydneysider1310]

Oh, and of course, you do.

LMAO

[ianlike]

lol well i do study the great depression, bt

im not claiming to be an expert

or know how to solve the depression or anything like that but i know if i say

"the great depression was a function of hoover and rossevelt's repeated attempts to sitmulate the economy"

i will fail.... so yh i do know some thing about the depression?

PS ...haha awsome i got negative 3 XD

[tendreaudacieux]

Well...here we go AGAIN!! Another tribune for an incompetent fool who

does not have a clue of the 1929 Great Depression... What garbage ...but isn't most of what we get on the Web?? I dare you to find a greater imbecil ...

[th3inquisitiv31]

a point my sources have echoed many times....

[quitearow]

there can be no waste not utilized

[sampsonoff]

im filled with joy...

[bbbbmer]

It is doubtful that peter schiff would or could survive the economic prescriptions he prescribes for ussins... he's a hypocrite -- nothing else...

[WeskJago]

it's exactly what the government wants to do. put the whole world into depression therefore going further with their new world order plan to make a one world government and pretty much control EVERYTHING and EVERYBODY for their own gain. people used to scoff at us for saying this...is it clear to you yet? or do you NEED to see it happen to believe it?

[BKFF20]

dude.. im so happy you posted this.. I've been trying to explain that to people for long enough. It feels good to see someone else who knows this shit.

[WeskJago]

i know the feeling, BKFF20. but alot more people seem to be aware that it's coming together and making sense now :) there's still hope

[TheFragile89]

I don't see you doing anything to stop them.

[WeskJago]

lol of course you dont! you dont even know me. so how could you, obviously. lol one step i'm taking is by telling everybody, such as this very msg. hahaha

[arcticcat1224]

I just bought some ammunition from China, aka WalMart..... jk......or am I?

[TheWeatherMan2012]

True that. F $

Peace and True Freedom are still FREE!!!

One Love