STIMULUS PACKAGES IN THE GREAT DEPRESSION By Herbert Hoover --> Federal Home Loan Bank Act, Reconstruction Finance Corporation, Smoot-Hawley Tariff Act, Hoover Moratorium, Revenue Act of 1932 and Reconstruction Finance Corporation.
Federal Home Loan Bank Act, Reconstruction Finance Corporation, Smoot-Hawley Tariff Act, Hoover Moratorium, Revenue Act of 1932 and Reconstruction Finance Corporation.
THESE WHERE ( STIMULUS PACKAGES ) PUT INTO PLACE IN THE BEGINNING OF THE GREAT DEPRESSION by Herbert Hoover,,, followed up by THE NEW DEAL by Franklin Roosevelt.
Moody's chief economist sits there and tells people "We've lost 10 trillion dollars in household net worth". Where was he when they rated it triple A?
it's amazing that these networks give time and day to assholes from ratings agency. why haven't moody's and s&p been brought to the dock? they passed investment grade status on these toxic crap
Boy it is a GOOD thing we taxpayers paid that bailout money... and that the treasury purchased those "toxic assets". American taxpayers are set to MAKE money... right? OK so WHEN are the toxic assets going to be purchased? It has to be done RIGHT AWAY!!! Oh, never mind....
When is Peter Schiff going to get some credit? He has yet to be wrong on anything that he has predicted up until now with the exception of the timing in which everything has unfolded. Why would anyone discredit him on his predictions for the future.
@hendy4584 I do have to give Dylan credit though, he gave him some good props in his intro saying he predicted the crisis well ahead of time. I'm just amazed at how dead wrong Zandi is though. That is clearly a conflict of interest in my opinion the way they judge credit soundness because you can tell he is supporter of what the government is doing and of course he is part of the problem by getting to testify in Congress. Peter is the one who should be testifying.
Uhh... that guy who was saying that inflation isn't even on it's feet... when was the last time he went grocery shopping? The inflation is nearing 100% for the year on some commodities. Almost everything is 10-20% higher than it was a year ago.
You are wrong. Peter is a patriot because he is one of the few that truely understands what is going on and he is working hard to educate people and warn others about the negitive impact of the actions of Government and the Federal Reserve.
Did I hear him say the free market will solve all problems. Isn't deregulation the cause of the problem? Isn't regulation attempting to bring some morality back into the market, that should be there as just plain honesty.
Louie, It is because of too much regulation (not allowing the free market to properly correct the problems), a central bank (Federal Reserve keeping interest rates much to low), and ridiculas housing/mortage laws being passed (ex. Bill Clinton's "Community Reinvestment Act"). Especially the CRA because it required Fannie Mae and Freddie Mac, to buy lower quality mortgages from the banks, guarantee them and sell them all over the world.
It's not that simple. It's also wrong. That's what the people that caused this are trying to say did this. That they "didn't do enough" to stop this from happening, when in fact, its what they DID that caused it in the first place.
lol... "we're not bailing anybody out" because people "don't feel like" they're being bailed out?
We're buying bad assets and providing insurance against bad assets that anyone with bad assets can essentially get into. If bailing out doesn't mean pulling out of a bad situation... bleh, of course it does.
Dollar is way up (as of 10/22), other currencies way down...hmmm. Pound, euro, yen -everything down. Will see if Schiff is able to predict everything...
The Fed just dumped 2 trillion into the system. This will be multiplied to the n'th degree by fractional reserve banking. There is no way this will not be inflationary. Other currencies are inflating as well at this time, but our dollar will be no exception.
Actually, the dollar has been falling against the yen, and we are still WAY down verses the Euro. Schiff has been right about EVERYTHING so far. That's just the way it is. A minor rise in the dollar verses the Euro shouldn't effect anyone's view of the inevitable at this point in the game.
dylan, you were once an attack dog that went for the jugular of coroporate america's greedmeisiters. COME OVER TO MAINSTREET AND USE YOUR SKILLS AND GIFTS TO EXPOSE THIS CURRENT REGIME OF CROOKS! we all know WALL STREET'S DAYS ARE COMING TO AN END!
Moody's corrupt and bogus "ratings" are a huge part of how we got into this mess. Zandi is a sockpuppet.
Schiff is right, and Zandi needs to re-read history. We interfered in the markets in 1929, we are interfering in the markets right now, and EVERY SINGLE INSTANCE of large-scale government intervention in markets throughout history has had the exact ssme result: the collapse of that economy.
Every single time, people. Educate yourselves, stop listening to sockpuppets.
It was the gov't plus Fed that caused and perpetuated the Great Depression because they intervened. The Fed tried to manipulate the money supply and that just prolonged the suffering. Look back at the crash of 1921--the president at the time restrained the Fed from doing anything and there was no depression--the market came back up a year later.
this is why normal americans can not stand politicians and analyist. because they think we dont understand basic math. 75 bearsterns,200 fannie freddie, 85 AIG, 850 bailout, an then another 250, plus stimulus 160 billion. that adds up to roughly 1.6 trillion tax payer dollars. thats not even counting what the pumps into the banks weekly. hyper inflation here we come.
peter schiff is absolutely correct and he's been correct for years. mark zandy (sp?) from moody's is totally wrong about the govt doing nothing following 1929 crash. the NEW DEAL was govt bailouts and regulations and price fixing galore. READ YOUR DAMN HISTORY PEOPLE!! we NEED capitalism. the federal reserve needs to stop creating credit out of thin air. that's what causes booms and busts!
Peter Schiff has no idea what he's talking about. The numbers are right there. The fed TIGHTENED monetary policy after the 1929 crash. Just look at monetary base numbers. M1/M2 were collapsing hard, though the MB is what the fed has direct control over.
"You gotta reread your history". What a joke. Why Schiff has a following is completely beyond me.
**You** gotta read your history. Schiff said no such thing. The money supply was controlled by the FED (a government entity) not the free market. Schiff has it exactly right, the government took a recession and made it into a Depression. And they are well on track to doing it again.
The fed is following a VERY loose monetary policy and injecting liquidity as never before in history. Post 1929 didn't even use tools at it's disposal, and let money supply collapse. I fail to see the comparison.
yes, sounds about right. the tightening of money supply prolonged the Great Depression. This is what even Milton Friedman said. But let me ask you this: tightening implies it was loose at one point right? Why was it loose? Why not have a constant money supply this way we won't have ups and downs? And we want constant money supply, why even have a Federal Reserve to manipulate money supply?
if it really was tightening of the money supply that led to the great depression then why did loosening the money supply lead to the stagflation of the 70s? the reason for the great depression was the loose monetary policy of the fed during the 20s and the enormous amount of regulations and bailouts post-1929 that stymied recovery for more than 15 years. friedman was wrong.
Money in circulation remained constant during the G.D.
It was a collapse of Commerical Credit after a collapse of Margin Credit (borrowed money to gamble at stock exchanges) that caused the G.D.
For there to be money supply, there must be money demand. The clearing price (price to rent money) results with money in circulation + promised future money.
Folks talk about Money Supply that they forget Money Demand. They confuse Money Supply with Actual Money, Money in Circulating.
There was manipulation in the markets by the bankers during the depression. They drop stocks down so they could come back and buy up all assets pennies on the dollar. The bankers do not care about paper money or even digital money. They want real assets like land.
I said this before but I have to repeat it. Every single economist or "expert" discussig with Peter Schiff in the last three or 4 years looks like a complete ignorant.
The problems is that these idiots, like this on the left, still go to TV shows, and still talk like if they knew something.
The problem is not them. Are the idiots that listen to them.
Who else wants to get their hands on one of those billion dollar Zimbabwe notes?
I can't help it. I've seen two guys on tv hold up one of those things in the past week. I'm going to have to check ebay. It would be a fun conversation piece! : )
Mr Zandi says it's "reasonable" for the gov to devalue the dollar???!!! I hope he isn't in control of anybody's 401k. As far as the house of reps--they passed it due to getting their own pet projects stuck in the bill. They didn't give a damn about the 20 to 1 phone calls against it!! VOTE-EM-OUT!!! Where did this guy get his education? Give me a common every day guy with some common sense!! This is exactly why I manage my own retirement account and I have made money in this market..
I have been following Peter Schiff for the last 12 years and all I can say is THANK YOU MR SCHIFF!! With your help, I TRIPLED MY SAVINGS and my 401k fund HAS NOT LOST A PENNY, but has even MADE money in the last few months. I CANNOT THANK YOU ENOUGH! God bless you Mr Schiff.
Peter's right, they did interfere before and during the great depression. Federal reserve unconstitutionally established 1913, less than 20 years later, they do enough to manipulate interest rates and create credit and margin so its unsustainable.
1971 and '74 rules change again as we go off the gold standard.
lol this guy disagreeing with Peter, is the next guy Peter owns, wait a year from now, he'll look like that curly haired freak that said houses will be up 10% in 2007
Zandie: "That's exactly the thinking that made the Depression worse, by just letting the market work". What? Hoover was an interventionist par excellence, raising taxes, fixing prices, making "pacts" with industry so wages would not fall (thus assuring double-digit unemployment), the Smooth-Hawley tariff... Where did this guy get his history lessons, from the public schools??
It pissed me off that Zandie was willing to bring the blue collar folks into the argument saying that they wouldn't have tried to stop sending $700B to Wall Street if it meant they might temporarily lose their low paying jobs. Its like he's saying he can bet that stupid people will be willing to be taxed by inflation into the future for a million bucks to that they can keep working for $20k a year for a couple more years.
It's time to buy gold and silver at these levels. All these hedge funds are going broke and selling everything they have to meet their margin calls. There's a big discount between the paper price (spot price) vs. the actual physical price. My advice, buy now!!!
It's actually difficult to find gold and silver products (bullion or rounds, Krugerrands, Eagles... it's crazy). Even at the lower prices, there is little physical gold and silver available. I have been buying from eBay of all places! Something odd is going on...
First time in over 8 years of Ebay buying I have seen metals prices WAY over the COMEX spot prices. Premiums are up across the board. People aren't fooled. The dollar is toiletpaper.
I don't understand why programs still call idiots like this guy on hte left instead of dedicating a whole show to Peter Schiff and learn what has to be done.
this host is lost at sea, thinking that the average person was allowed to vote for the bailout for something they haven't a mental connect to. if the people understood, they'd be down at their neighborhood capitol building mutilating it. Until then, the public has to be told, when to cry out, much like the local traffic light that indicates stop and go.
when the public takes the next stimulus check, they'll be held accountable also to this insanity. people are hurtin' and it's goin to be hard to not take a bite of the apple on this one, unless it's spelled out in 2nd grade terminology for the public. "See Job Go" "See Money Go" "See House Go"
Experience is a bitch too. try tellin someone who's purchased a house for $500,000 that it's suddenly worth $150,000 to remain sending $3,000 payments to meet the purchase price @ the time of their signing
Peter Schiff is the man. In reality though what he was saying back in 2006 was blatently obvious. All you had to look at was the current account defecit and the extravagent spending of American people. All of which Peter keeps harping on about. I think you have to remeber that alot of these analysts have a vested interest in proping up the US economy and the financial markets
exactly! degrees and plaques on the walls wouldn't indicate they're dumb. it's greed, prestige and retained status in a game among peers. "F" the rest of us.
Why are they always 'running out of time'? Ferchrisake have a discussion long enough to make sense of things rather than glossing over issues, seriously, we have the attention span.
Just remember, Peter Schiff has been a frequent guest on all the major news networks for many years because his predictions have been consistently right.
A year ago everyone laughed at Peter Schiff calling him Mr. Gloom, and an extremist. Now, he's revered because he was right all along. Who's laughing now.
His view is the same as RON PAUL's. We have to go into a recession. It won't be that bad if we would just let it work. Peter Schiff blatantly predicted in 2006 exactly what is happening. Why won't we listen.. sigh********
Who the heck is that Moody's guy? I mean WOW. Some people have NOT learned a thing from this mess.
I'm hoping that guy gets thrown off the airways soon - as he has no clue what he's talking about and struggles BADLY to make the points that he is wrong on.
I never thought I'd see the day that news commentators would be arguing for Schiff's position and talking over the other economists.
Looks like they are finally starting to realise that by stating a professional opionion that the economy is on a down turn, supported by sound economic judgement, is not 'UnAmerican'.
This Chief Economist from Moodys is completely fucking retarded. How did government interference not make the depression worse? The Government and Federal Rerserve caused the fucking depression! The current chairman of the Fed, Ben Bernanke, even admits this!
People like this guy are the reason the shit is going down the drain. We have people like him advising the Presidency on economic matters which causes the interference that will turn this recession into a hyperinflationary depression.
If the goverment wants to do something they should work on rebuilding the industrial infrastructure in our country. We are a consumer economy that earns its living from the service industry. Industrial goods are "capital" goods...we are not creating anything of value in America. We need to reestablish heavy industry in the larger cities and light industry in the rural areas.
the economy like water will find its own level. All this manipulation will prolong and deepen this problem. This will be painful no matter what..but the duration will be determined by the amount of goverment intervention. They are trying to softland this crash...and now it will take YEARS and YEARS to get over this.
Peter has been predicting and warning of this problem for YEARS now. The media treated him like a "radical" then. Even now these morons don't listen to reason. This scam is OUR FAULT for letting our Government get taken over by CRIMINALS.
Peter has been predicting this since at least 2002 from the videos I've seen. Anyone to doubt his credibility now is blinder than a bat. Peter was wrong a long time ago that the interest rates were going to go down. He said they would go up. But that's only because Peter doesn't realize there is an NWO conspiracy going on to PURPOSELY destroy Capitalism and destroy the Dollar and America. He will find this reality out sooner than later I'm sure.
The most well off banks have been getting this "rescue" The richest well off banks are getting this cash. It's a way to consolidate more control and money into these few rich hands. WAKE UP FOOLS.
ahahah that silly guy completely got his history wrong. hell i was taught wrong in high school. but i took an interest in college and got the facts straight.
Time to get back in the box Monkey! Try and remember it was a Republican administration/Congress that got us in this mess paired with people living beyond their means.
Uh, the democrats have controlled both houses for almost three years, and they have given Bush everything he wanted and it was Clinton that ordered the mass expansion of the CRA
No matter, both republicans and democrats need to be unemployed, we need to clean house big time
It sucks watching all of this go down while having no money to buy gold and food. Its driving me crazy. Does anyone have any predictions on how long it will be before food prices shoot through the roof? I hear wealthy people have been speculating on food and hoarding mass quantities of everything organic. I just hope I have at least six months to get a 1 year food supply together.
Yeah, so I just came from watching 2 minutes of the last McBama "debate" on youtube... I couldn't take it anymore and was in desperate need of sanity...Peter Schiff, thank you...
Peter Schiff owns most all the "economic" talking heads. I love how he can tell the "giants" (Forbes, former presidential econ. advisers) that they're wrong.
If you're curious about his intentions, and if they're based on freedom/liberty (ie. to help us) go research his father. Irwin Schiff was jailed because he pointed out major flaws within our tax system.
Peter Schiff is all over these guys..How come these so called experts get a "look in" when they dont even know their Economic History..I reckon this other guy must have been waiting for a No. 9 Bus when this program said "Hey mate wanna star in a show".."Yeh sure,whas it about?"..Ans: "Economics"..Ans: "Oh,Thas o.k i can bluff my way thru this"...
Time and time again they try to discredit and ignore what peter is saying. When will people listen and say "hey, maybe this guy knows what he's talking about"
Yeah, peter schiff probably stands to make a lot of money in a dollar crash and a gold run but when i hear him say we need savings and less consumption ive never heard more truth in my life.
I think people should understand that it is in Peter Schiff's interest if the US economy implodes. Even though he has good points on the reasons of it's current failure, he can be critised a lot more on his ideas to solving this crisis
That's absolutely wrong. Peter goes on day after day and screams at people that we shouldn't be inflating our way out of this mess... yet he has all his money in gold and mining stocks. If we actually did what he wanted he would lose A LOT of money.
Schiff's ideas are based on history and Austrian economics. People assume that Hoover did nothing after the market crash of 1929. Their assumption is wrong, Hoover implemented huge social programs to keep a recession from happening. Don't assume that Hoover was a free market capitalist just because he didn't like the new deal. We are still paying 4 the distorted markets of Roosevelts new deal. Governments distort markets and cause unintended problems.What do you want schiff 2 say?Lies?
wow, were they actually supporting Peter?? I hope this trend continues and people start criticizing these delusional "economists" who would argue the sky was red and not blue. I bet there's some sort of government incentive for these "false prophets" to spread the propaganda of government intervention. all Hail the U.S.S.A!
"You need to go back and read your history" -Peter Schiff
Amen Peter!!! How convenient that all of a sudden, not too many people want to bring up the Smoot-Hawley Act of 1930. A piece of legistlation that saw tarrifs raised on imports to stop job losses. This Moody's tool seems to think that this never occured. Thus, I believe Peter in fact was right to instruct this mental midget to go back and re-read his history!!!
PS. Thank you for posting this video, your work is most appreciated.
Peter Schiff is already rich. He loves his country and wants to help save it. He knows what government intervention leads to because he actually knows history. Maybe everyone needs to go re read or read for the first time what happened during the depression, including Ben Bernanke.
This guy from Moody's was all over the financial channels today spreading just absolute nonsense all day today. He's obviously a shill. "It's reasonable and necessary," the excuse for every abridgement of human freedom throughout the ages.
Peter is a Commy Liberal. How DARE he criticize America's consumerism consumption culture, and how DARE he criticize the US government. USA!! USA!! We're #1!!
I don't understand how people, let along professional economists, can keep believing that Hoover did not try to manipulate markets, wages and prices to fight the Great Depression. He was no liquidationist.
Who the hell is Mark Zandi? This dude is a friggin moron of the first degree. Schiff should of just reached over and bitch-slapped him mid-sentence for saying this isn't a bailout - WHAT???? *SMACK* SAY IT AGAIN, BIOTCH!
This was like preseason exhibition for Schiff...completely unfair. Compare this to an NBA preseason game, and Schiff scored 81 with a crushing victory. And be barely talked.
So I saw another crook today. His impression told me he needed more liquidity without concern about inflation. People who lose jobs are on Wall St. They deserve it. Real working people can find their way to go through this, but Wall St. can't. Market has no confidence till this whole government is changed.
When will the morons on the Business shows take the viewer serious, STOP saying the "R Word" we aint kids watching nickleodeon we are serious investors who earn legitimate money and know the risks we take.
Wow! That Mark character is either a liar or does not know what the f*ck he's talking about! By just looking at him you can tell he is unreliable. Peter, Jim, and Ron have been calling this for a long time. You best start listening America.
the 30s depression occurred because the govt didnt get involved??? Either this guy has his head in the sand or hes a extreme neocon. If it werent for Dr Paul, Peter Schiff and J. Rogers. We would all still have our heads in the sand!!!!
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tk291100 1 year ago
MArk Zandi talks nonsense , I lost 3000 $ due to his predictions FUCK you mark zandi.
aviomaster 1 year ago
This has been flagged as spam show
STIMULUS PACKAGES IN THE GREAT DEPRESSION By Herbert Hoover --> Federal Home Loan Bank Act, Reconstruction Finance Corporation, Smoot-Hawley Tariff Act, Hoover Moratorium, Revenue Act of 1932 and Reconstruction Finance Corporation.
THE NEW DEAL by Franklin Roosevelt.
bjarnet3 1 year ago
This has been flagged as spam show
Federal Home Loan Bank Act, Reconstruction Finance Corporation, Smoot-Hawley Tariff Act, Hoover Moratorium, Revenue Act of 1932 and Reconstruction Finance Corporation.
THESE WHERE ( STIMULUS PACKAGES ) PUT INTO PLACE IN THE BEGINNING OF THE GREAT DEPRESSION by Herbert Hoover,,, followed up by THE NEW DEAL by Franklin Roosevelt.
Reread your history!!!
bjarnet3 1 year ago
Wow, This Moody's guy thinks that these banks are inevitable for survival of humans on this planet.
My answer : no sir, we can start new banks, good ones at that
and we should have had new rating agencies too
and you should have been on the unemployed list
But mankind is so unfortunate that you will still be Bestowed Honorary fellowships, nobel prizes for saving the economy[!!!!!!!!!???]
and would lecture our children about economics.[sic]
madhuradi 1 year ago
he mad
PresidentRich 1 year ago
U gotta re-read your history! lol
scienterprize 2 years ago
Moody's chief economist sits there and tells people "We've lost 10 trillion dollars in household net worth". Where was he when they rated it triple A?
40ny 3 years ago 16
This has been flagged as spam show
Peter is the man. If you want the latest Peter Schiff videos, articles, and his podcast, check out Peter-Schiff . com. It's all on one page.
ggadguy 3 years ago 2
it's amazing that these networks give time and day to assholes from ratings agency. why haven't moody's and s&p been brought to the dock? they passed investment grade status on these toxic crap
shikagonga 3 years ago 4
Boy it is a GOOD thing we taxpayers paid that bailout money... and that the treasury purchased those "toxic assets". American taxpayers are set to MAKE money... right? OK so WHEN are the toxic assets going to be purchased? It has to be done RIGHT AWAY!!! Oh, never mind....
engine2truck6 3 years ago
"...and if I spend it fast I could buy a pack of chewing gum."
wind0wninja 3 years ago 2
When is Peter Schiff going to get some credit? He has yet to be wrong on anything that he has predicted up until now with the exception of the timing in which everything has unfolded. Why would anyone discredit him on his predictions for the future.
hendy4584 3 years ago 16
Timing is very important.
minaung1 3 years ago
@hendy4584 I do have to give Dylan credit though, he gave him some good props in his intro saying he predicted the crisis well ahead of time. I'm just amazed at how dead wrong Zandi is though. That is clearly a conflict of interest in my opinion the way they judge credit soundness because you can tell he is supporter of what the government is doing and of course he is part of the problem by getting to testify in Congress. Peter is the one who should be testifying.
rmccay88 1 year ago
my money is on pete
buchoogdelight 3 years ago 6
As long as it's not dollars.
Nexus974 3 years ago 3
I plan to pay off my student loans in Zimbabwe dollars in the near future.
prplmnky 3 years ago 2
They better hope the bail-out works because thats alot of pissed off Americans.
Voidka 3 years ago
its not going to
truthouch 3 years ago 2
It's going to be a disaster, so yes I guess you could say that it's going to work for some people.
xXTheRatXx 3 years ago
HuH? How can it logically even work? The country is in trillions of dollars of debt. Where is this bailout money coming from?
DeadpoolX 3 years ago
That other commentator is clueless. He thinks the Bailout passed because voters changed their minds, and not because of earmarks/bribes?
It seemed like almost everyone was on Peter's side this time. You don't see that very often.
atkrunner 3 years ago 2
Uhh... that guy who was saying that inflation isn't even on it's feet... when was the last time he went grocery shopping? The inflation is nearing 100% for the year on some commodities. Almost everything is 10-20% higher than it was a year ago.
enjerth 3 years ago
Hey Mark, let's see YOU predict something six years in the future.
FreeFragSGS 3 years ago
Peter Schiff is cool.
utuba69 3 years ago
zandy got owned
GroundRatTheLegend 3 years ago
I'd like to know what this guy (from Moody's non the less) had ot say about where the economy was going 12 months ago. (hint: outlook rosy)
markymarkatfb7 3 years ago
They always find some idiot for peter to argue against. Just amazing.
itubeutude 3 years ago
shoot mark zandy in the face
bootiack 3 years ago 2
that other dude mark got his ass kicked lol
briandrews15 3 years ago 2
Yeah let us all investors listen to an economist from Moody's, the most corrupt rating agency that had ABK and MBI at AAA rating til summer of 08.
falcon2154 3 years ago 2
You are wrong. Peter is a patriot because he is one of the few that truely understands what is going on and he is working hard to educate people and warn others about the negitive impact of the actions of Government and the Federal Reserve.
Baldwin08(dot)com or ConstitutionParty(dot)com
TrueConservative123 3 years ago 4
Did I hear him say the free market will solve all problems. Isn't deregulation the cause of the problem? Isn't regulation attempting to bring some morality back into the market, that should be there as just plain honesty.
louiethegreater 3 years ago
Louie, It is because of too much regulation (not allowing the free market to properly correct the problems), a central bank (Federal Reserve keeping interest rates much to low), and ridiculas housing/mortage laws being passed (ex. Bill Clinton's "Community Reinvestment Act"). Especially the CRA because it required Fannie Mae and Freddie Mac, to buy lower quality mortgages from the banks, guarantee them and sell them all over the world.
TrueConservative123 3 years ago 2
The GSEs do not make loans they only
louiethegreater 3 years ago
It's not that simple. It's also wrong. That's what the people that caused this are trying to say did this. That they "didn't do enough" to stop this from happening, when in fact, its what they DID that caused it in the first place.
peteback 3 years ago 2
pete you lost me what did they do?
louiethegreater 3 years ago
I wonder what were moody's ratings of merril lynch, goldman sacks, fannie mae, freddie mac, lehman brothers, etc...
shroomingnewman 3 years ago 2
Let these cronies rob us blind..
CreatorChannel 3 years ago
lol... "we're not bailing anybody out" because people "don't feel like" they're being bailed out?
We're buying bad assets and providing insurance against bad assets that anyone with bad assets can essentially get into. If bailing out doesn't mean pulling out of a bad situation... bleh, of course it does.
schmiggen 3 years ago
Dollar is way up (as of 10/22), other currencies way down...hmmm. Pound, euro, yen -everything down. Will see if Schiff is able to predict everything...
sirava88 3 years ago
It's because they're hoarding US dollars.
The Fed just dumped 2 trillion into the system. This will be multiplied to the n'th degree by fractional reserve banking. There is no way this will not be inflationary. Other currencies are inflating as well at this time, but our dollar will be no exception.
AKAGl 3 years ago 2
Actually, the dollar has been falling against the yen, and we are still WAY down verses the Euro. Schiff has been right about EVERYTHING so far. That's just the way it is. A minor rise in the dollar verses the Euro shouldn't effect anyone's view of the inevitable at this point in the game.
Pymander81 3 years ago
dylan, you were once an attack dog that went for the jugular of coroporate america's greedmeisiters. COME OVER TO MAINSTREET AND USE YOUR SKILLS AND GIFTS TO EXPOSE THIS CURRENT REGIME OF CROOKS! we all know WALL STREET'S DAYS ARE COMING TO AN END!
garyowen4ever 3 years ago
Zandi knows he's lyling
patriotsundergod 3 years ago 2
Moody's corrupt and bogus "ratings" are a huge part of how we got into this mess. Zandi is a sockpuppet.
Schiff is right, and Zandi needs to re-read history. We interfered in the markets in 1929, we are interfering in the markets right now, and EVERY SINGLE INSTANCE of large-scale government intervention in markets throughout history has had the exact ssme result: the collapse of that economy.
Every single time, people. Educate yourselves, stop listening to sockpuppets.
jimpips 3 years ago 4
Zandi probably feels really stupid right about now.
peteback 3 years ago 5
It was the gov't plus Fed that caused and perpetuated the Great Depression because they intervened. The Fed tried to manipulate the money supply and that just prolonged the suffering. Look back at the crash of 1921--the president at the time restrained the Fed from doing anything and there was no depression--the market came back up a year later.
dooglio 3 years ago
this is why normal americans can not stand politicians and analyist. because they think we dont understand basic math. 75 bearsterns,200 fannie freddie, 85 AIG, 850 bailout, an then another 250, plus stimulus 160 billion. that adds up to roughly 1.6 trillion tax payer dollars. thats not even counting what the pumps into the banks weekly. hyper inflation here we come.
muffman11111 3 years ago
peter schiff is absolutely correct and he's been correct for years. mark zandy (sp?) from moody's is totally wrong about the govt doing nothing following 1929 crash. the NEW DEAL was govt bailouts and regulations and price fixing galore. READ YOUR DAMN HISTORY PEOPLE!! we NEED capitalism. the federal reserve needs to stop creating credit out of thin air. that's what causes booms and busts!
kdawg860 3 years ago 3
Well, reading history should yield:
-Crak happened in 1929
-New deal I started in 1933
-US economy recovered thanks to WWII.
TheCZMan 3 years ago
How can we ignore DEFLATION? that would make dollars worth their weight in gold. When will we go to inflation?
AM429 3 years ago
I hope that readers here have accumulated physical gold and silver.....it's crazy not to
Kerrisdale90210 3 years ago
research. stlouisfed. org
/fred2/data/AMBNS.txt
Peter Schiff has no idea what he's talking about. The numbers are right there. The fed TIGHTENED monetary policy after the 1929 crash. Just look at monetary base numbers. M1/M2 were collapsing hard, though the MB is what the fed has direct control over.
"You gotta reread your history". What a joke. Why Schiff has a following is completely beyond me.
codediporpal 3 years ago
**You** gotta read your history. Schiff said no such thing. The money supply was controlled by the FED (a government entity) not the free market. Schiff has it exactly right, the government took a recession and made it into a Depression. And they are well on track to doing it again.
mwmace 3 years ago
The fed is following a VERY loose monetary policy and injecting liquidity as never before in history. Post 1929 didn't even use tools at it's disposal, and let money supply collapse. I fail to see the comparison.
codediporpal 3 years ago
yes, sounds about right. the tightening of money supply prolonged the Great Depression. This is what even Milton Friedman said. But let me ask you this: tightening implies it was loose at one point right? Why was it loose? Why not have a constant money supply this way we won't have ups and downs? And we want constant money supply, why even have a Federal Reserve to manipulate money supply?
rumcho 3 years ago
if it really was tightening of the money supply that led to the great depression then why did loosening the money supply lead to the stagflation of the 70s? the reason for the great depression was the loose monetary policy of the fed during the 20s and the enormous amount of regulations and bailouts post-1929 that stymied recovery for more than 15 years. friedman was wrong.
kdawg860 3 years ago
Money in circulation remained constant during the G.D.
It was a collapse of Commerical Credit after a collapse of Margin Credit (borrowed money to gamble at stock exchanges) that caused the G.D.
For there to be money supply, there must be money demand. The clearing price (price to rent money) results with money in circulation + promised future money.
Folks talk about Money Supply that they forget Money Demand. They confuse Money Supply with Actual Money, Money in Circulating.
TruthAxe 3 years ago
Schiff and Zandi are both Jews.
;-)
BlackPreacher1 3 years ago
True, but incredibly smart and insightful Jews.
MainTightSqueeze 3 years ago
get mad!
oudestijl 3 years ago
There was manipulation in the markets by the bankers during the depression. They drop stocks down so they could come back and buy up all assets pennies on the dollar. The bankers do not care about paper money or even digital money. They want real assets like land.
VisionQuest2012 3 years ago
I said this before but I have to repeat it. Every single economist or "expert" discussig with Peter Schiff in the last three or 4 years looks like a complete ignorant.
The problems is that these idiots, like this on the left, still go to TV shows, and still talk like if they knew something.
The problem is not them. Are the idiots that listen to them.
tubechapulin 3 years ago 4
Both Schiff (and the likes) and Zandi (and the likes) are the faces of a same coin.
They are just bickering over stuff to fill the gap.
TheCZMan 3 years ago
Who else wants to get their hands on one of those billion dollar Zimbabwe notes?
I can't help it. I've seen two guys on tv hold up one of those things in the past week. I'm going to have to check ebay. It would be a fun conversation piece! : )
MillionthUsername 3 years ago
watch zandi right after schiff says "youve gotta reread your history." the look on his face is priceless. it screams "oh shit, he might be right"
choover87 3 years ago 5
Haha, I love Schiff. Zandi just made an ass out of himself.
MainTightSqueeze 3 years ago
Mr Zandi says it's "reasonable" for the gov to devalue the dollar???!!! I hope he isn't in control of anybody's 401k. As far as the house of reps--they passed it due to getting their own pet projects stuck in the bill. They didn't give a damn about the 20 to 1 phone calls against it!! VOTE-EM-OUT!!! Where did this guy get his education? Give me a common every day guy with some common sense!! This is exactly why I manage my own retirement account and I have made money in this market..
rockme5150 3 years ago
I have been following Peter Schiff for the last 12 years and all I can say is THANK YOU MR SCHIFF!! With your help, I TRIPLED MY SAVINGS and my 401k fund HAS NOT LOST A PENNY, but has even MADE money in the last few months. I CANNOT THANK YOU ENOUGH! God bless you Mr Schiff.
FedFarmer 3 years ago 4
"You gotta reread your history!"
Great way to end the segment. Keep fighting the good fight Schiff!
delerium2k 3 years ago 3
Peter's right, they did interfere before and during the great depression. Federal reserve unconstitutionally established 1913, less than 20 years later, they do enough to manipulate interest rates and create credit and margin so its unsustainable.
1971 and '74 rules change again as we go off the gold standard.
crazypokermike 3 years ago
lol this guy disagreeing with Peter, is the next guy Peter owns, wait a year from now, he'll look like that curly haired freak that said houses will be up 10% in 2007
crazypokermike 3 years ago
Have you people seen zeitgeist addendum?
If not see it soon and get mad.
leevi1234 3 years ago
anger's what they want... they want a riot... then they have an excuse to go into martial law.
crazypokermike 3 years ago
Zandie: "That's exactly the thinking that made the Depression worse, by just letting the market work". What? Hoover was an interventionist par excellence, raising taxes, fixing prices, making "pacts" with industry so wages would not fall (thus assuring double-digit unemployment), the Smooth-Hawley tariff... Where did this guy get his history lessons, from the public schools??
ftorresgamez 3 years ago
It pissed me off that Zandie was willing to bring the blue collar folks into the argument saying that they wouldn't have tried to stop sending $700B to Wall Street if it meant they might temporarily lose their low paying jobs. Its like he's saying he can bet that stupid people will be willing to be taxed by inflation into the future for a million bucks to that they can keep working for $20k a year for a couple more years.
GaryVolts 3 years ago
Schiff is right on the money. Zandi is arguing to support a system that he is deeply part of. In Schiff's economy, Moody's may not even exist.
GaryVolts 3 years ago
It's time to buy gold and silver at these levels. All these hedge funds are going broke and selling everything they have to meet their margin calls. There's a big discount between the paper price (spot price) vs. the actual physical price. My advice, buy now!!!
codematrix 3 years ago
It's actually difficult to find gold and silver products (bullion or rounds, Krugerrands, Eagles... it's crazy). Even at the lower prices, there is little physical gold and silver available. I have been buying from eBay of all places! Something odd is going on...
ftorresgamez 3 years ago
First time in over 8 years of Ebay buying I have seen metals prices WAY over the COMEX spot prices. Premiums are up across the board. People aren't fooled. The dollar is toiletpaper.
FedFarmer 3 years ago
How do these morons that argue against Peter ever manage to get any time of public TV?
Peter has been right all along, is still right and anyone who argues against him is just an babbling idiot!
OldBenFranklin 3 years ago 2
I don't understand why programs still call idiots like this guy on hte left instead of dedicating a whole show to Peter Schiff and learn what has to be done.
tubechapulin 3 years ago 3
Man that guy on the left was clueless.
Jimbo898 3 years ago 3
this host is lost at sea, thinking that the average person was allowed to vote for the bailout for something they haven't a mental connect to. if the people understood, they'd be down at their neighborhood capitol building mutilating it. Until then, the public has to be told, when to cry out, much like the local traffic light that indicates stop and go.
dentistsugardusty 3 years ago
when the public takes the next stimulus check, they'll be held accountable also to this insanity. people are hurtin' and it's goin to be hard to not take a bite of the apple on this one, unless it's spelled out in 2nd grade terminology for the public. "See Job Go" "See Money Go" "See House Go"
Experience is a bitch too. try tellin someone who's purchased a house for $500,000 that it's suddenly worth $150,000 to remain sending $3,000 payments to meet the purchase price @ the time of their signing
dentistsugardusty 3 years ago
Moody's is a joke.
user197a 3 years ago
Peter Schiff is the man. In reality though what he was saying back in 2006 was blatently obvious. All you had to look at was the current account defecit and the extravagent spending of American people. All of which Peter keeps harping on about. I think you have to remeber that alot of these analysts have a vested interest in proping up the US economy and the financial markets
ozdillon 3 years ago
exactly! degrees and plaques on the walls wouldn't indicate they're dumb. it's greed, prestige and retained status in a game among peers. "F" the rest of us.
dentistsugardusty 3 years ago
I wish i could vote Ron Paul.
brpadington 3 years ago 5
Why are they always 'running out of time'? Ferchrisake have a discussion long enough to make sense of things rather than glossing over issues, seriously, we have the attention span.
Gugguggug 3 years ago
Mark Zandy is in somebody's pocket.
Peter Schiff is the man.
voltoman 3 years ago 2
lmao opening statement
how long how big and how deep
5aposapo 3 years ago
who would take care of investments
from overseas, when they just close the bank the money is in?
couldn`t they just close by will?
earning millions buy a boat and sail the world?
Realizalize 3 years ago
Just remember, Peter Schiff has been a frequent guest on all the major news networks for many years because his predictions have been consistently right.
JesusHatesChristians 3 years ago
Are you guys preparing for a VERY deep recession?
silentonall 3 years ago
so...do we listen to the guy who predicted this mess? hmmm...
man, that zandi's an idiot!
SoldOurLiberty 3 years ago 2
A year ago everyone laughed at Peter Schiff calling him Mr. Gloom, and an extremist. Now, he's revered because he was right all along. Who's laughing now.
REOGURU 3 years ago
REOGURU- Indeed I stand with you. Mr. Schiff has been saying the same message since 2002.
silentonall 3 years ago
His view is the same as RON PAUL's. We have to go into a recession. It won't be that bad if we would just let it work. Peter Schiff blatantly predicted in 2006 exactly what is happening. Why won't we listen.. sigh********
Clyaton 3 years ago
He predicted this long before 2006. There are videos on YouTube that show him talking about this as far back as 2002.
JesusHatesChristians 3 years ago
Who the heck is that Moody's guy? I mean WOW. Some people have NOT learned a thing from this mess.
I'm hoping that guy gets thrown off the airways soon - as he has no clue what he's talking about and struggles BADLY to make the points that he is wrong on.
fuxoffyo 3 years ago 2
Wow... news commentators are arguing the truth. I never thought I'd see the day when these clowns would see the writing on the wall.
I'm impressed.
Lib3rtyFTW 3 years ago 2
I never thought I'd see the day that news commentators would be arguing for Schiff's position and talking over the other economists.
Looks like they are finally starting to realise that by stating a professional opionion that the economy is on a down turn, supported by sound economic judgement, is not 'UnAmerican'.
fashandchaps 3 years ago 4
This Chief Economist from Moodys is completely fucking retarded. How did government interference not make the depression worse? The Government and Federal Rerserve caused the fucking depression! The current chairman of the Fed, Ben Bernanke, even admits this!
People like this guy are the reason the shit is going down the drain. We have people like him advising the Presidency on economic matters which causes the interference that will turn this recession into a hyperinflationary depression.
AKAGl 3 years ago 2
chalk up another win for Peter Schiff!
Desnoxvu 3 years ago 5
we should offshore finance to india and china like every other industry at least they would back it up with gold. Peter Shiff is a legend.
banksy35 3 years ago
Fuckhead from moody's is a brainwashed twat. Mooody's itself has no credibility considering their role in this excess credit bubble.
daniel987878 3 years ago 2
If the goverment wants to do something they should work on rebuilding the industrial infrastructure in our country. We are a consumer economy that earns its living from the service industry. Industrial goods are "capital" goods...we are not creating anything of value in America. We need to reestablish heavy industry in the larger cities and light industry in the rural areas.
centervilletn 3 years ago 2
the economy like water will find its own level. All this manipulation will prolong and deepen this problem. This will be painful no matter what..but the duration will be determined by the amount of goverment intervention. They are trying to softland this crash...and now it will take YEARS and YEARS to get over this.
centervilletn 3 years ago
Peter has been predicting and warning of this problem for YEARS now. The media treated him like a "radical" then. Even now these morons don't listen to reason. This scam is OUR FAULT for letting our Government get taken over by CRIMINALS.
Shohadaku 3 years ago
Peter has been predicting this since at least 2002 from the videos I've seen. Anyone to doubt his credibility now is blinder than a bat. Peter was wrong a long time ago that the interest rates were going to go down. He said they would go up. But that's only because Peter doesn't realize there is an NWO conspiracy going on to PURPOSELY destroy Capitalism and destroy the Dollar and America. He will find this reality out sooner than later I'm sure.
markymarkuss777 3 years ago
The most well off banks have been getting this "rescue" The richest well off banks are getting this cash. It's a way to consolidate more control and money into these few rich hands. WAKE UP FOOLS.
Shohadaku 3 years ago
ahahah that silly guy completely got his history wrong. hell i was taught wrong in high school. but i took an interest in college and got the facts straight.
bho84 3 years ago
GO DYLANN!!!!!!
followyourgut 3 years ago
ya that reporter totally stood up to that call and called him out. good to see some people in mainstream media waking up.
peter schiff!
Demian164 3 years ago
Time to get back in the box Monkey! Try and remember it was a Republican administration/Congress that got us in this mess paired with people living beyond their means.
scottay68 3 years ago
Uh, the democrats have controlled both houses for almost three years, and they have given Bush everything he wanted and it was Clinton that ordered the mass expansion of the CRA
No matter, both republicans and democrats need to be unemployed, we need to clean house big time
ShiekYerbooty 3 years ago
Wow, that guy really didn't know his history. Peter Schiff needs to be the next Fed Chairman.
Euph662 3 years ago
I wish I had a money gun.
jjcarlso 3 years ago
How many more times does Peter have to be right before people start listening?
Boxmonkey69 3 years ago 6
Not until we're all homeless and starving.
RadicalForLiberty 3 years ago 4
Agreed, just wait until we all get moved into gov't housing under Obama's rule.
Boxmonkey69 3 years ago
Or McCain's, which would probably turn into Palin's after he keels over in a few years and she becomes President.
AKAGl 3 years ago
Peter schiff = awesome
the other guy = fucking dumb ass
good video man, i'm glad to see that reporter stand up against that lying corporate fraud
smkuhner 3 years ago 11
Mark Zandy is a total MORON.
chootlund 3 years ago 4
That stupid guy from moody left his history book in toilet and forget about the great depression 1929.
I guess that's why moody is always wrong on rating financial institution and commercial paper
ru40342 3 years ago 3
It sucks watching all of this go down while having no money to buy gold and food. Its driving me crazy. Does anyone have any predictions on how long it will be before food prices shoot through the roof? I hear wealthy people have been speculating on food and hoarding mass quantities of everything organic. I just hope I have at least six months to get a 1 year food supply together.
jlmiller77 3 years ago
I feel you man. Im just a broke college student who lives day to day. Maybe both of us cant win the lotto!!! Good luck
williamfos 3 years ago
I was really surprised when the host said "pissed off" lol
davyjames 3 years ago 2
Wow, the interviewers are starting to come around to Peter's side. weird...
findingthepath 3 years ago
americans need to watch "V for Vandetta"
you've become slaves to your govt & your govt in turn to FED... Fed is pissing right on your constitution & your 'Declaration of Independence'
get on steerts... time for another 'American Revolution'
prmd142 3 years ago 2
Yeah, so I just came from watching 2 minutes of the last McBama "debate" on youtube... I couldn't take it anymore and was in desperate need of sanity...Peter Schiff, thank you...
Boethius51250 3 years ago 2
I cant last a minute without becoming nauseous.
EMPIRE0FLIES 3 years ago 2
Peter Schiff owns most all the "economic" talking heads. I love how he can tell the "giants" (Forbes, former presidential econ. advisers) that they're wrong.
If you're curious about his intentions, and if they're based on freedom/liberty (ie. to help us) go research his father. Irwin Schiff was jailed because he pointed out major flaws within our tax system.
Simonic 3 years ago 3
schiff also told all his clients to vote for ron paul and to donate the maximum to his campaign when he was running. He's a good man.
davyjames 3 years ago
Folks, dont listen to the idiot of moodys. They are all liars. They rated broken companys triple A and are part of the biggest fraud of all time.
hotfriday 3 years ago 3
Peter Schiff is all over these guys..How come these so called experts get a "look in" when they dont even know their Economic History..I reckon this other guy must have been waiting for a No. 9 Bus when this program said "Hey mate wanna star in a show".."Yeh sure,whas it about?"..Ans: "Economics"..Ans: "Oh,Thas o.k i can bluff my way thru this"...
littlejoy67 3 years ago 2
Time and time again they try to discredit and ignore what peter is saying. When will people listen and say "hey, maybe this guy knows what he's talking about"
JaseB73 3 years ago
Long live Peter Schiff!
uea978 3 years ago
Peter Schiff owned that guy immensely.
JesseKantstopolis 3 years ago 2
Yeah, peter schiff probably stands to make a lot of money in a dollar crash and a gold run but when i hear him say we need savings and less consumption ive never heard more truth in my life.
dx11101 3 years ago 3
I think people should understand that it is in Peter Schiff's interest if the US economy implodes. Even though he has good points on the reasons of it's current failure, he can be critised a lot more on his ideas to solving this crisis
nawonl 3 years ago
That's absolutely wrong. Peter goes on day after day and screams at people that we shouldn't be inflating our way out of this mess... yet he has all his money in gold and mining stocks. If we actually did what he wanted he would lose A LOT of money.
thomasw78 3 years ago
Naowani
Schiff's ideas are based on history and Austrian economics. People assume that Hoover did nothing after the market crash of 1929. Their assumption is wrong, Hoover implemented huge social programs to keep a recession from happening. Don't assume that Hoover was a free market capitalist just because he didn't like the new deal. We are still paying 4 the distorted markets of Roosevelts new deal. Governments distort markets and cause unintended problems.What do you want schiff 2 say?Lies?
jjrglobal 3 years ago 3
Peter schiff literally changed my life...lol no joke
nataher123 3 years ago 3
wow, were they actually supporting Peter?? I hope this trend continues and people start criticizing these delusional "economists" who would argue the sky was red and not blue. I bet there's some sort of government incentive for these "false prophets" to spread the propaganda of government intervention. all Hail the U.S.S.A!
daveyg07 3 years ago 3
"You need to go back and read your history" -Peter Schiff
Amen Peter!!! How convenient that all of a sudden, not too many people want to bring up the Smoot-Hawley Act of 1930. A piece of legistlation that saw tarrifs raised on imports to stop job losses. This Moody's tool seems to think that this never occured. Thus, I believe Peter in fact was right to instruct this mental midget to go back and re-read his history!!!
PS. Thank you for posting this video, your work is most appreciated.
freemarketbeliever 3 years ago 2
Peter Schiff wants to see the world burn, and then he'll be rich.
thereallurker 3 years ago
No he wouldn't. If we let everything fail we would NOT have inflation and Peter would lose a lot of money on his gold investments.
thomasw78 3 years ago
Peter Schiff is already rich. He loves his country and wants to help save it. He knows what government intervention leads to because he actually knows history. Maybe everyone needs to go re read or read for the first time what happened during the depression, including Ben Bernanke.
jjrglobal 3 years ago
This guy from Moody's was all over the financial channels today spreading just absolute nonsense all day today. He's obviously a shill. "It's reasonable and necessary," the excuse for every abridgement of human freedom throughout the ages.
hrosemd 3 years ago 3
YOUR not bailing ANYONE out!!??? Then give us BACK our 700billion!!!!!! NOW. what an ass!
nmbypmby34 3 years ago 5
And once again Austrian economics will rule the galaxy, and we shall have peace...
dcs5150 3 years ago 5
"You gotta re-read your history." Pwned!
Peter can get mad easily.
Tasadaru 3 years ago 4
I hope so
` ;~}
wcarlpdrysdale 3 years ago
Peter is a Commy Liberal. How DARE he criticize America's consumerism consumption culture, and how DARE he criticize the US government. USA!! USA!! We're #1!!
mrzack888 3 years ago
I don't understand how people, let along professional economists, can keep believing that Hoover did not try to manipulate markets, wages and prices to fight the Great Depression. He was no liquidationist.
bianzhengnazi 3 years ago 5
Reasonable? Based on what?
truthsabre7 3 years ago
Who the hell is Mark Zandi? This dude is a friggin moron of the first degree. Schiff should of just reached over and bitch-slapped him mid-sentence for saying this isn't a bailout - WHAT???? *SMACK* SAY IT AGAIN, BIOTCH!
artdeco101010 3 years ago 7
This was like preseason exhibition for Schiff...completely unfair. Compare this to an NBA preseason game, and Schiff scored 81 with a crushing victory. And be barely talked.
emlounge 3 years ago
So I saw another crook today. His impression told me he needed more liquidity without concern about inflation. People who lose jobs are on Wall St. They deserve it. Real working people can find their way to go through this, but Wall St. can't. Market has no confidence till this whole government is changed.
glassvision 3 years ago
When will the morons on the Business shows take the viewer serious, STOP saying the "R Word" we aint kids watching nickleodeon we are serious investors who earn legitimate money and know the risks we take.
xdir 3 years ago 3
It is especially evident in shows like "Mad Money", that they are sure that Americans are infantile in intelligence... they might be right(?).
SwobyJ 3 years ago
Wow! That Mark character is either a liar or does not know what the f*ck he's talking about! By just looking at him you can tell he is unreliable. Peter, Jim, and Ron have been calling this for a long time. You best start listening America.
Tasadaru 3 years ago 9
i know peter shift, ron paul but who is jim?
davkurek 3 years ago
Jim Rogers. Youtube him, he's great!
Tasadaru 3 years ago
Jim is awesome!
tenyrsgone 3 years ago
Zandi proves there's still at least one idiot out there.
Epic878787 3 years ago 4
They will...they'll make the link. They will!
Dylan: They're pissed off!
emlounge 3 years ago
the 30s depression occurred because the govt didnt get involved??? Either this guy has his head in the sand or hes a extreme neocon. If it werent for Dr Paul, Peter Schiff and J. Rogers. We would all still have our heads in the sand!!!!
EMPIRE0FLIES 3 years ago 14
yea i owe alot to these guys
ukjw2 3 years ago 2
Who is the tool on the left ?
ShiekYerbooty 3 years ago 9