Peter Schiff on The Alex Jones Show pt 4/4 Feb 04 2009

[DowJones16WB]

A global financial meltdown is taking place and it looks like it's by design.This is like a financial Katrina the financial hurricane has taken down Bear Stearns,Fannie Mae,Freddie Mac,AIG and maybe America too !!!The American people are like the canary in the coal mine.Bill Clinton got rid of the Glass-Steagall Act.

[MsSmedley]

So, the international banksters, charge interest on the fiat currency they print for us. Our government must put up something as collateral for that currency....or like Schiff said with regard to China, we just might not pay them back! Why would the US pay interest on money the banksters print for us, when it is money that we are giving back to them in order to "stimulate" the economy? Why don't we just say no to the banksters interest fees, & at least relieve the US of that expense?

[dadhadit]

Expose the elites name names

name the elites! one by one ?

[NukeMePlz]

america is so screwd,we cant handle a hurricane,flood,or blizzard,all it would take is an invation,or rebelion to overthrow the Hill,im38 and have never had a credit card or morgage ever,wtf should i have to bailout anyone with my tax dollars??

[MishuTaste]

You shouldn't. But those who are irresponsible w/ money have more representation in Congress than you.

[thedemoboy]

Amen, brother.

[HarrisonCountyStudio]

So true, and such a damn shame

[PaulRevere2009]

The song is "Everybody Knows" by Leonard Cohen

[view0507]

It's like father trying to save his spend thrift son from bankruptcy, instead of making his son understand to pull up his stocks and live by his means the father keeps bailing him out. Finally the father is also broke and the family is disintegrated.  True story in many financially rich families........same applies to countries also.

[thomaserossi]

You're describing "Moral Hazard."

It's something that should be common sense yet so many people fail to understand.

[garciathegr8]

whats that song?

[damania]

the airwolf theme?

[JCSY44]

The Govt will supress any attempt to secede. We'll all join or die.

[Kaybowser]

Great Interview. Telling it like it is.

[hermbilliamherm18]

thanks for the post!