My Keynes Hayek: The Clash That Defined Modern Economics is published in October by W.W.Norton. See website: sites.google.com/site/wapshottkeyneshayek/
This country is now so corrupted. Tax payers like you and me are getting ripped off to pay for the greedy CEOs who put the country in this mess to start with. They now again rewarded with milllions for bonus.
Schiff's book Crash Proof 2.0 is a brilliant read you must read it!! All debt is allowed because the federal reserve prevents us from using gold & silver as legal tender as it says in the constitution. Up hold the constitution and you will see prosperity return. You can't have it all foreign wars for god sakes we don't even have a secure boarder. Schiff say's stimulus spending is like when the circus comes to town and business owners expand to meet demand then when it leaves they are stuck.
I used to be optimistic now I think I am just now trying to be honest.
What the fed did was allow the banks to break even and give them some incentives to keep them in business, created some certificates and then sold them off as may be some form of stock or Treasury bond( and surely keep a lot on their books and purchase of debt.
the sick man of asia is taking over your asses...hahahahahahahahahah.....remember what napoleon said...let the dragon sleep for when she awakes....she will make people like u talk about it 24/7....hahahahahahahaha....god bless my friends
Ugh, I like Peter Schiff but the way Fox News are all Agreeing with him all of a sudden is seriously sad, they pretend like we don't notice the crap the media pulls with this.
Republicans are so deceiving: They say, we need a "free market"--with no government interference-- but they subsidize and prop up only big businesses. Why do you think the economy has fallen apart after only 8 years of their policies? They let the market run wild, and allow big companies to destory little ones. And eventually, they break out of their cage and consume the rest of the economy.
It's almost like the Republicans are doing their best to make socialism look attractive to the public.
I think the best thing Americans can do is to stop grouping people together.. Republicans and Democrats, we should look at who votes for what and single them out. Ron Paul, Peter Schiff, and Rand Paul will be 3 republicans that don't fit in with that description.....
Its obviously not a Republican conspiracy, if their voters payed attention then they wouldn't be able to do it.
The public is as much to blame as the politicians.
@Martial024 They should run as independence... because I think even they are so ideological, that they will also ruin the country with their expectation that the world fits into some simple plan.
We need a true independent that takes the best of everything around and applies it in areas of need, and not paint with large strokes across the canvass.
@Venue0309 this is so far from right. Republicans are making socialism look attractive to the public, but it's b/c they're NOT practicing free market capitalism! listen to peter schiff, he'll set you straight.
@PHiSHin11 You need to read what I wrote. And I definitely don't think Peter Schiff or Ron Paul are the smartest people on this matter to consult. The truth is everywhere if you look for it.
@RyanDotTv I agree! The crash of the market in 2007 was a huge redistribution of wealth. All that money went overseas in just hours.
Even before the crash, there were stories about high school students that were loan officers who approved 100s of loans and became millionaries. One of the guys both a lambo and crashed it in a movie he produced.
Then the bank bailout. All of those bankers getting million dollar bonuses.
The poor and middle class gets rob in good and bad times.
We have been losing manufacturing jobs for decades because of deregulation, not because of government interference. It amazes me how normal people get sucked into this bullshit, and listen to rich people telling them how bad regulation is.
The Rich want businesses to fail so they can buy them up at bargain basement prices. Don't worry though...they need people to swab the poop deck on their mega yachts...you can get a job doing that. Vote to deregulate and you can work on a yacht!!
@graymagic1 What?!?!? Do you actually think that regulation helps keep businesses in this country! You're insane! Businesses need lower taxes, and less regulation and laws costing them money.
I like that they spent 22 minutes to really go in depth on this topic. I'm not sure why Glenn Beck, or his show in this case, is so hated. I never really watched it but he seems to go into detail in very complex issues from what I have been watching recently. I have to say I like it.
Let's face facts. This economic system is coming to an end. The new one that will replace it will not be as profitable for the people or as free. The nobility classes will again profit from our loss. I personally am buying Guillotines. The country is going to need them.
"In the third rank, we shall set up our own opposition, which, to all appearance, in at least one of its organs, will present what looks like the very antipothesis to us. Our real opposition at heart will acept this simulated opposition as their own and will show us their cards." Fox News/Schiff/Paul = controlled opposition.
Peter knows what he's talking about. I've been watching him for years and he's been on the money every time. (Pardon the pun) I agree with you buddy the host is not very savy, he asks silly questions and goes down strange tangents No wonder Mr Schiff is Ron Pauls financial advisor?? If you stay with Peters advice youll do alright. The Fed has to go back to Bohemian Grove where it came from! Up the poop shoot
This was a good debate. All three guests talked straight and the host asked the right questions.
But it should have been 10 years ago.
We are now sucked into the maelstroem and swirling down. The people on the top are just lining their own pocket now and heading for the exit sign.
If you ever imagined what it was like witnessing Rome going down and being part of history - wish granted. That by itself is a once in a two-thousand year adventure.
This host is awful. Hopefully the people running these media companies wise up and realize their hosts are retarded. Maybe they'll start giving shows to people like Peter. There's actually a video floating around on YouTube where this host was encouraging peole to buy up the financials. Suprisingly, he mentions he "was wrong" here, but that's still an understatement.
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blacks are useless idiotic sons of bitches piece of shit scumbags, fuckups USA is getting fucked in the ass because of paying too much welfare, food stamps for these niggers.
Actually mr. kkk it was George Washington Carver an African American who invented Printing Ink for newspapers, Peanut Butter and a new way to get a better turn-around on soil recovery time called "crop rotation" which is one of the single best reasons we were able to produce more cotton, corn and wheat than anyone else in the world in that time greatly adding to this countrys early wealth. Now go eat a peanut butter sandwitch and choke on it you piece of shit.
hmm.. although there is a large population of african americans on welfare, there is also a large population of redneck backwards dumbfucks like you who are as well. Dont bite the hand that feeds you dumbass
whenever that black host speaks I feel like he thinks hes talking to a 3 year old. Everything he says is in such a dumbed down way or maybe he himself is just dumb? Either way you know he got his job thru affirmative blacktion. Fuck this world
@dickmoe99: dude dont be ignorant, Im afircan american and I have a double degree in finance and I completely agree with schiff. Dumb is dumb, cant blame it on the color of his skin anymore than you could on the color of his eyes. You need to stop this racist shit if you want to fix these much bigger problems we have...
We also need to understand how to "operate in commerce" so that we can start buying back all the bonds from the chinese, saudis, japanese etc. and become the creditors of our own country...and yes it is possible to do this.
Then we will become a true union of debt-free-sovereign-nation-states that control their own destinies
The U.S. government has no rightful role in retirement plan, healthcare management, or in the housing market. The U.S. government destroys nearly everything it chooses to stick its nose into. USA deserves to elevate Peter Schiff and Ron Paul to victory (Senate and President). They are knowledgeable leaders. They will not cater to wimps, losers, whiners, or career politicians. Their solutions will not be tasty to the wimpy, weak whiners. But their solutions are necessary and long overdue.
The only way this structure is going to change is if we change it ourselves. The people have the right at any time to alter-abolish the "form" of government.
People are leaving the democratic-corporation and going back to the Republic in droves and that is where our remedy lies.
The only way we are going to gain freedom is if we learn how to self-govern and take on the responsibilities we push off onto the current system. We have to take the responsibility ourselves
Just like in Iceland, they robbed us and banks pretend we still owe them.
State and local gov's also pretend that they are poor (in deficit). If we ever open up the floodgates of the collective stored american wealth, the whole world will shine
Did I really just watch 22 minutes during which all Peter Schiff's fellow guests made insightful comments and he didn't have to smack down anyone's stupidity? Or was I just dreaming?
passed during X-mas vacation thats how the fed was created.I got nothing more to say if people dont see whats going on then they have their heads in the sand and america is history. Uh I dont like to swear but unless you use four letter words these days no one pays attention. Average Joe, they're fucking you.
I find it more disturbing that the liars at fox news are all of sudden speaking truth on the air. It really shows the radical shift in public sentiment. Cause fox would never change unless it realized that it would eventually go bankrupt as the public have figured out their lies.
moany has been "pumped into the system" but banks are hoarding cash. So if no money gets placed into the hands of consumers , why will there be hyper inflation?
Short easy answer is: Government deficit spending with nothing to show for it except debt.
Banks arent hording cash, they have none. Fractional reserve banking allows them to have practically no reserves but you are right they are not lending anywhere near there potential and not to anything remotely risky(small business). Money is being added however in many ways. One example is unemployment pay, taxes arent funding it, alot of newly created money is. Govt spending will be the end of us.
That's the problem. Inflation isn't horrible if consumers have all the extra cash, but when it's in the hands of overseas investors, banks, and our own gov't borrowing/spending....it sets up a dire situation. If the gov't allowed some companies to fail and the real estate bubble to deflate and normalize rates, we could hit a natural bottom and start growing. Schiff is right.
Even people like Schiff can do a better job making a sound economy than the govt. So why isnt govt doing what Schiff proposes? There's only 1 answer to that one i think, It's all a criminal premeditated setup
That's the first Shiff clip i saw ( and i saw them a lot), where he has company that made sense and knows their stuff. All 3 guests were great including host, very unrair and also refreshing when Peter doesn't need to fight all the bimbos and retards.
Excellent video. I enjoy listening to these guys who make sense when talking about the economy, money and the governments role and how they really shouldn't even have a role in the market.
I think Obama, Geithner, Bernanke and all the Big Government Keynesian type economists need to watch this video and REALLY listen to what is being said.
Well, here's to 2010, lets see what is going to happen!
If they would learn from history the Federal Government would let the free market go. FDR's spending kept us in the depression 8 years longer then necessary. His own Secretary admitted as much.
Government jobs take away from the economy because those salaries have to be payed for with taxpayer money. These politicians don't care or they are complete idiots.
Jimbo sounds like a loser to me... for as many "niggers" that there are, there's an equivelant number of white trash, especially in the US... and I'm white myself. Get a life, dickhead!
Critisize is "right" spelling? Why is the spell check going off? I'm pretty sure it's criticize. Your version sounds like an insult to a fat person. And yes. You are a field nigger.
Yes, I agree. Consolidating is an antiseptic term which I meant to mean taking yours, mine, and others, and pooling the money so that government can cover their debts. It amounts to illegal taxation.
Schiff is a great American... however, I think it's obvious the Economy is a sham and in the hands of clever opportunists. Why not just advocate getting rid of the New World Order and releasing the Free Energy humanity deserves?
This economic downturn has been strategically planned for a while in order to instigate a ONE WORLD GOVERNMENT. The only way out, is to cut the head off the snake and rid ourselves of the Rockefeller's and Rothschilds etc
Think of all the gold/silver/copper/iron/logging, all the stock ownership of every major company on the planet, ownership of all the major-valuable real-estate on the planet, ownership (legal title) of every car, home, plane, boat, motorized vehicle, farm equipment, tools, anything that is financed has been monetized and legal title has been turned over.
Listen, if there was no debt, would you call us a poor country?
This is an INTERNATIONAL organiztion that has stolen from the whole world for a long time. Wealth they accrued from privatizing entire countries the world over?
you realize Standard oil aka Exxon-Mobile already owned GM, Sears, Ford, Chrysler, New York Times, Washington Post, Microsoft, IBM etc etc.
I know we have a large stash of oil and natural gas.
They own 99% of all the businesses you see in america today, and supposedly they are planning to bankrupt every single one of them
Legal title to satellites, NASA rockets and tech, modern weapon systems and tech, weaponry arsenals, nuclear bombs, energy tech and science, medicine producing technology, etc etc etc.
We are obviously the richest country in the entire history of mankind.
Plus it is "wealth" only measured in "dollars"...not saying there is that much money, but there is that much wealth.
Money is just a medium of exchange and being debt it is worth nothing = no wealth
all much easier said than done. i will start listening when the refer to the problem as it really is.....rather than the 4th grade vocabulary
such as "the economy is like a ditch, in where the government needs to stop digging it." and then he stops as if that is all that is going on????? really they know just as much as everyone else which is nothing.
The country needs to hear this. There are so many false ideas and principles now in play that are absolutlely devestating our economy. Kudos to these guys,keep on talking, MAYBE someone will eventually listen before we take the hard his that's coming.
I wish they'd talk about something real, instead of ideas and principals. It's great to try to find 1 line to describe everything you stand for but when it comes down to it I don't think realistically the government can remove itself from every aspect of business. Pick a few points, talk about them, and call it a show, this is just a jerk off fest with a bunch of air heads reading off a teleprompter.
keep in mind when talking about trade deficits... more than 60% of products imported to the USA are produced by US Corporations subsidiaries. I work for such a company. We moved all our manufacturing to Mexico and Asia (mostly Asia) and sell those products in the US and European markets (and Asian) after importing them back in to the USA. It has caused a lot of heartache over the years in the company I work for. But the shareholders are happy.
love the crawl about the couple and their malfunctioning GPS...people are so damn stupid, they are helpless without technology....and with it too apparently.
We have continually elected rogue politicians to be president, senators and representatives that perform their duties in a clandestine manner. Umm... do we are finally realize they are screwing us?!!
Use your vote in the future and institute term limitations to let these SOBs know we are fed up with it.
The FED has got to go as they hamper us far more than they ever will. But...what will take it's place? Will our dim witted legislators screw that up as well?
There is so much wealth, our federal state and local gov-corp could fund itself for the next 40 years at current rate of consumption and not have to tax us a penny.
But all that wealth is in the "private" since we are bankrupt. Plus they are just the trustee's presiding over the trust...if we understood how to play our role as beneficiary things would be different.
We all currently have an account at the Treasury where our "credit" comes from.
It is against the law for them to loan their money or depositor's money.
When you sign mortgage app, credit card app, you create a promissary note which is "debt-money" They deposit that note and exchange it for "credits" which they give to you. They loaned nothing. If we can create money with our signature, think of what we can do.
We all have an account at the Treasury where our credit comes from, we can find a way to access it and "pay" with asset funds
Imagine our country completely paying off it's debt.
If you don't think this is possible research:
CAFR funds
Mortgage Fraud
Bonded Promissary Notes
Credit Card Elimination
Creditors in Commerce
Grand Assembly
I used to hate the FED, now I believe they are completely powerless. We are pulling all the levers of the machine and we can easily change it. None of us are in debt, if we understand the law correctly. In fact, we are the creditors of our own bankruptcy.
$1 quadrillion? Sorry bro but I don't believe it. Can you provide proof? Also, $1 quadrillion has to be well over the money supply so what exactly are you saying?
Arizonan Walter Burien was the first to alert us that the Comprehensive Annual Financial Reports have intentionally been kept largely "invisible" to the American public, now for over 60 years!
Burien further revealed that:
"The composite totals of investment assets held internationally by USA government is staggering. Between local and Federal government, the total of liquid investment assets held Internationally is a conservative sixty (60) Trillion dollars."
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Has everyone forgotten how back in 2002, Schiffty Pete predicted hyperinflation, soaring interest rates and the Dow falling to 2000 within two years? None of that never happened.
Now Schiffty is predicting that the price of gold will rise to $5,000 per ounce. Wonder if that prediction is connected to Schiffty's plan to attack Iran?
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Here's a recent quote from yer boy Schiffty Pete:
"We tell the Iranians: This is where we think those weapons are, you need to let our inspectors in there. If they dont let us in, just blow the place up. - Peter Schiff November 19, 2009.
Schiffty sounds just like Dick Cheney, doesn't he? Schiffty is a neocon. Always has been.
Peter's not running on a strong Foreign policy, he's running on a strong economic policy. the point of the comment was would he have sent troops into Iraq, his answer was basically he would have went after osama but there was no need to put troops on the ground. it's his same opinion on Iran.
He doesn't want a conflict with Iran, but if there is one he wants us in to do what we have to & out just as fast. the link is above, you decide.
just curious of why you think I'm buying the Government misinformation? Because I agree with Peter Schiff? or because I posted a Link that lets people decide for themselves? if you think this was an attack on Pete, I agree with him. We have a BS foreign Policy of Occupation in a time when our countries going bankrupt.
Well there was this article I read from infowars. I'm sure you can find it there. he was saying that he would have probably gone into Iraq, and intrude on Irans sovereignty etc.
America are not the inspectors. The inspectors are international. What business is it of America if Iran builds another nuclear facility? Do they care if japan builds another nuclear facility or yemen? Or Brazil?
That is the policy he was advocating. A bullying policy.
Schiff says some interesting things about the economy. He scratches the surface and gets the ball rolling and makes me think, but we don't need another jew in the senate or the house. To use a schiff analogy, we need that like we need a hole in the head.
, schiff never advocated going into iraq or afghan especially w/o a declaration of war from congress..he knows we have no business there....but to say we dont need another "jew" is a pretty racist thing....jews i dont mind, its the zionists i have a problem with
his father is still in prison for fighting against the irs and the income tax....some of the greatest economic minds are jewsih...rothbard, hayek, von mises etc....schiff does not only scratch the surface, he breaks right thru it....Ending the fed, schiff is all about that...
That's a good point though. His father is still fighting the unjust policies. I don't think Hayek was a jew, but the others are.
Also schiff does not really want to END the fed, his solution is to have a system just like the fed. He says either change the fed drastically or end it altogether.
He says "we need to make stuff". That's his solution to our economic problems.
He doesn't really want to end the fed though. He wants a fed.
i disagree, he realizes that what we need is competing currencies backed by real commodities with real value.....sound and honest.......and he is right, we do need to make things, wealth comes from production, not consumption
No doubt. Now what were you arguing with me about?
Schiff also said that the chinese and japanese would be better off NOT making america video games and tvs and gizmos etc.
somehow WE got the fun part of buying japans toys and video game systems whereas JAPAN got the not so fun part of making all the gizmos and producing all the gizmos.
Our country got a chance to do that....why not let other countries expand their assets by being productive? If the whole global economy was not being so manipulated this would be just fine.
Again, america is wealthy, why not spend our time and money overseas building viable economies that will help people's out of poverty?
There is no banking crisis
We used to have children working on famrs- in factories, but then we grew rich off hard work and evolved. This is how it works
And now we don't have children working in coal mines and on farms. That is a GOOD thing. Coal mines are disasters. They kill people all the time.
We already have the capability of producing and sustaining a higher standard living for all Americans. This is not an opinion or a hope it is a fact : ) This can be done using the already proven technology and refined physical resources.
Unfortunately, for you and me, we live in a COMMUNIST country!
ah faux news never failing...to fail, faux will be the end of Obama, and thats a shame, you finally have a president wanting and doing change, and amazingly the American people are like "this isnt the change we voted for" well do you want change, or the same old shit, you decide!
oh ya and lets not forget when the yard ape obama said he was going to his 57th state.... he must have been thinking about bananna's in Kenya! lololol wow lolo i crack myself up!
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you gots yo take a hair. what a pathetic dumb nigger maybe we get economic lessons from this fuck tard. sheeple will never wake up yard apes are not smart enough to run the country. we wont even get through the next 3 yrs!
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Government got out of the way from 2000 to 2008 under Junior Bush and the RepubliCons. We ended up with the worst financial crisis since the Great Depression.
There is a simple explanation to what is going on. Wealthy Jews are robbing the country, financial institutions and firms as this broken ship sinks in deep waters.
You clown. The Fed did not fail to stop it. The Fed created the Depression to skim gold from people in America. Dork. Go back to your TV. As far as fixing dollar value one cannot do it without attacing dollar value to some commodity-gold, silver, electricity-doesn't mater. Let's say 1 US dollar buys and will always buy 10Kwa of electricity. Yeah, this will do it. Otherwise it will slowly slide into toilet paper class. Now, remember-the treasury is broke and there is no gold.
Wiki: Executive Order 6102 (signed on April 5, 1933 by U.S. President Franklin D. Roosevelt) required U.S. citizens to deliver on or before May 1, 1933 all but a small amount gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce............The price of gold from the treasury for international transactions was thereafter raised to $35 an ounce.
My mommy passed away long time ago, dork. Unlike you, I lived in 4 countries and manage to survive. Let's see how you are going to hide under you mommy's skirt when people come after you with pitchforks, Sunstein's shill.
Wow, never thought Fox News would give good information some day.
TWSceptic 1 month ago
Sameer137---- Your such a hater.. shame on you !
dihardfan 6 months ago
This has been flagged as spam show
My Keynes Hayek: The Clash That Defined Modern Economics is published in October by W.W.Norton. See website: sites.google.com/site/wapshottkeyneshayek/
Nicholas Wapshott
nhwapshott 7 months ago
PLEASE AMERICA.VOTE TO RETURN MY WORK BACK TO AMERICA SO I,LL HAVE A CHANCE TO HAVE A REAL INCOME.I DARE YOU!
61TUNER 8 months ago
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sameer137 8 months ago
@sameer137 who is that fucker
Sagefrakrobatik 7 months ago
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dihardfan 6 months ago
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dihardfan 6 months ago
United states of ZIMBABVE! lol
alecfromelatvia 1 year ago
more bible thumping based apocalyptic talk from peter i get a boner when reading revelation
tophernates 1 year ago
This country is now so corrupted. Tax payers like you and me are getting ripped off to pay for the greedy CEOs who put the country in this mess to start with. They now again rewarded with milllions for bonus.
I wonder where is the outgrage!!!
TheBigdick888 1 year ago
The host is gracious .. he admitted he was wrong in 06'..
ppeeza 1 year ago
Schiff's book Crash Proof 2.0 is a brilliant read you must read it!! All debt is allowed because the federal reserve prevents us from using gold & silver as legal tender as it says in the constitution. Up hold the constitution and you will see prosperity return. You can't have it all foreign wars for god sakes we don't even have a secure boarder. Schiff say's stimulus spending is like when the circus comes to town and business owners expand to meet demand then when it leaves they are stuck.
MsBusiness101 1 year ago
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MsBusiness101 1 year ago
hope my state ignores the fed government on health care
MirageScience 1 year ago
the guy hosting was one of the douche bags who laughed at peter schiff
HandyMan101 1 year ago 5
I used to be optimistic now I think I am just now trying to be honest.
What the fed did was allow the banks to break even and give them some incentives to keep them in business, created some certificates and then sold them off as may be some form of stock or Treasury bond( and surely keep a lot on their books and purchase of debt.
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RHETT156 1 year ago
Peter Schiff 2010!!!!!!!!!!!
AmericanValues321 1 year ago
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rowania 1 year ago
Everyone in the soviet union had a job, how did that work out?
justgetsome 1 year ago
the sick man of asia is taking over your asses...hahahahahahahahahah.....remember what napoleon said...let the dragon sleep for when she awakes....she will make people like u talk about it 24/7....hahahahahahahaha....god bless my friends
Tofi684 1 year ago
@Tofi684 ..are you sure it was Napoleon?
justgetsome 1 year ago
What's the point of having a debate if everyone just agrees with each other?
ardeestephen100 1 year ago
@ardeestephen100 They don't want to be ashamed again by right predictions by Peter Schiff ;)
88volcano 1 year ago
Ugh, I like Peter Schiff but the way Fox News are all Agreeing with him all of a sudden is seriously sad, they pretend like we don't notice the crap the media pulls with this.
Lethn 1 year ago
Republicans are so deceiving: They say, we need a "free market"--with no government interference-- but they subsidize and prop up only big businesses. Why do you think the economy has fallen apart after only 8 years of their policies? They let the market run wild, and allow big companies to destory little ones. And eventually, they break out of their cage and consume the rest of the economy.
It's almost like the Republicans are doing their best to make socialism look attractive to the public.
Venue0309 1 year ago
I think the best thing Americans can do is to stop grouping people together.. Republicans and Democrats, we should look at who votes for what and single them out. Ron Paul, Peter Schiff, and Rand Paul will be 3 republicans that don't fit in with that description.....
Its obviously not a Republican conspiracy, if their voters payed attention then they wouldn't be able to do it.
The public is as much to blame as the politicians.
Martial024 1 year ago 4
@Martial024 They should run as independence... because I think even they are so ideological, that they will also ruin the country with their expectation that the world fits into some simple plan.
We need a true independent that takes the best of everything around and applies it in areas of need, and not paint with large strokes across the canvass.
Venue0309 1 year ago
@Venue0309 this is so far from right. Republicans are making socialism look attractive to the public, but it's b/c they're NOT practicing free market capitalism! listen to peter schiff, he'll set you straight.
PHiSHin11 1 year ago
@PHiSHin11 You need to read what I wrote. And I definitely don't think Peter Schiff or Ron Paul are the smartest people on this matter to consult. The truth is everywhere if you look for it.
Venue0309 1 year ago
This is the biggest robbery in human history!!
Die Illuminati motherfuckers!!
RyanDotTv 1 year ago
@RyanDotTv I agree! The crash of the market in 2007 was a huge redistribution of wealth. All that money went overseas in just hours.
Even before the crash, there were stories about high school students that were loan officers who approved 100s of loans and became millionaries. One of the guys both a lambo and crashed it in a movie he produced.
Then the bank bailout. All of those bankers getting million dollar bonuses.
The poor and middle class gets rob in good and bad times.
Venue0309 1 year ago
I never knew Glenn Beck was black!
haha, seriously though, this is a good interview. Maybe it's BECAUSE Glenn is absent for this episode lol
genericbrand87 1 year ago
We have been losing manufacturing jobs for decades because of deregulation, not because of government interference. It amazes me how normal people get sucked into this bullshit, and listen to rich people telling them how bad regulation is.
The Rich want businesses to fail so they can buy them up at bargain basement prices. Don't worry though...they need people to swab the poop deck on their mega yachts...you can get a job doing that. Vote to deregulate and you can work on a yacht!!
graymagic1 1 year ago
@graymagic1 What?!?!? Do you actually think that regulation helps keep businesses in this country! You're insane! Businesses need lower taxes, and less regulation and laws costing them money.
jeremyraybrown 1 year ago
I like that they spent 22 minutes to really go in depth on this topic. I'm not sure why Glenn Beck, or his show in this case, is so hated. I never really watched it but he seems to go into detail in very complex issues from what I have been watching recently. I have to say I like it.
dontdispie 1 year ago
Let's face facts. This economic system is coming to an end. The new one that will replace it will not be as profitable for the people or as free. The nobility classes will again profit from our loss. I personally am buying Guillotines. The country is going to need them.
girard1973 1 year ago 4
The host is a fucking moron. Usually he argues with Peter, but at least he's amiable in this episode.
themagus187 1 year ago
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hes a moron because he is black. therefore blacks = monkeys = morons
fuckpopulations 1 year ago
Because you are fuck populations, You are retarded, Fuck Populations= 75 year old virgin
Libertarian26 1 year ago
"In the third rank, we shall set up our own opposition, which, to all appearance, in at least one of its organs, will present what looks like the very antipothesis to us. Our real opposition at heart will acept this simulated opposition as their own and will show us their cards." Fox News/Schiff/Paul = controlled opposition.
jnkhd 2 years ago
Peter knows what he's talking about. I've been watching him for years and he's been on the money every time. (Pardon the pun) I agree with you buddy the host is not very savy, he asks silly questions and goes down strange tangents No wonder Mr Schiff is Ron Pauls financial advisor?? If you stay with Peters advice youll do alright. The Fed has to go back to Bohemian Grove where it came from! Up the poop shoot
Ctemple2012 2 years ago 19
This was a good debate. All three guests talked straight and the host asked the right questions.
But it should have been 10 years ago.
We are now sucked into the maelstroem and swirling down. The people on the top are just lining their own pocket now and heading for the exit sign.
If you ever imagined what it was like witnessing Rome going down and being part of history - wish granted. That by itself is a once in a two-thousand year adventure.
NorceCodine 2 years ago
This host is awful. Hopefully the people running these media companies wise up and realize their hosts are retarded. Maybe they'll start giving shows to people like Peter. There's actually a video floating around on YouTube where this host was encouraging peole to buy up the financials. Suprisingly, he mentions he "was wrong" here, but that's still an understatement.
AngryPenguin27 2 years ago 4
This comment has received too many negative votes show
blacks are useless idiotic sons of bitches piece of shit scumbags, fuckups USA is getting fucked in the ass because of paying too much welfare, food stamps for these niggers.
FUK THE NIGGER
fuckpopulations 1 year ago
Actually mr. kkk it was George Washington Carver an African American who invented Printing Ink for newspapers, Peanut Butter and a new way to get a better turn-around on soil recovery time called "crop rotation" which is one of the single best reasons we were able to produce more cotton, corn and wheat than anyone else in the world in that time greatly adding to this countrys early wealth. Now go eat a peanut butter sandwitch and choke on it you piece of shit.
sagequan 1 year ago 4
hmm.. although there is a large population of african americans on welfare, there is also a large population of redneck backwards dumbfucks like you who are as well. Dont bite the hand that feeds you dumbass
Libertarian26 1 year ago
whenever that black host speaks I feel like he thinks hes talking to a 3 year old. Everything he says is in such a dumbed down way or maybe he himself is just dumb? Either way you know he got his job thru affirmative blacktion. Fuck this world
dickmoe99 2 years ago
Don't you wish he'd do your Fugly Mama's Asscrack Bareback???
peymaania 2 years ago
@dickmoe99: dude dont be ignorant, Im afircan american and I have a double degree in finance and I completely agree with schiff. Dumb is dumb, cant blame it on the color of his skin anymore than you could on the color of his eyes. You need to stop this racist shit if you want to fix these much bigger problems we have...
uwmbigb 2 years ago 4
Zombies took my money...
MockeryMadeEasy 2 years ago
We also need to understand how to "operate in commerce" so that we can start buying back all the bonds from the chinese, saudis, japanese etc. and become the creditors of our own country...and yes it is possible to do this.
Then we will become a true union of debt-free-sovereign-nation-states that control their own destinies
gladiator1010 2 years ago
The U.S. government has no rightful role in retirement plan, healthcare management, or in the housing market. The U.S. government destroys nearly everything it chooses to stick its nose into. USA deserves to elevate Peter Schiff and Ron Paul to victory (Senate and President). They are knowledgeable leaders. They will not cater to wimps, losers, whiners, or career politicians. Their solutions will not be tasty to the wimpy, weak whiners. But their solutions are necessary and long overdue.
TsoyYeshchoZhivyot 2 years ago 2
The only way this structure is going to change is if we change it ourselves. The people have the right at any time to alter-abolish the "form" of government.
People are leaving the democratic-corporation and going back to the Republic in droves and that is where our remedy lies.
The only way we are going to gain freedom is if we learn how to self-govern and take on the responsibilities we push off onto the current system. We have to take the responsibility ourselves
gladiator1010 2 years ago
Just like in Iceland, they robbed us and banks pretend we still owe them.
State and local gov's also pretend that they are poor (in deficit). If we ever open up the floodgates of the collective stored american wealth, the whole world will shine
gladiator1010 2 years ago
Did I really just watch 22 minutes during which all Peter Schiff's fellow guests made insightful comments and he didn't have to smack down anyone's stupidity? Or was I just dreaming?
RMMHS4RP 2 years ago 17
Look Peter schiff is right, he was right and if you don't think he is right, then please check his rep.! It is rock solid.
thank you..
fceternity 2 years ago 3
passed during X-mas vacation thats how the fed was created.I got nothing more to say if people dont see whats going on then they have their heads in the sand and america is history. Uh I dont like to swear but unless you use four letter words these days no one pays attention. Average Joe, they're fucking you.
pdxeddie1111 2 years ago 3
I find it more disturbing that the liars at fox news are all of sudden speaking truth on the air. It really shows the radical shift in public sentiment. Cause fox would never change unless it realized that it would eventually go bankrupt as the public have figured out their lies.
kosai19 2 years ago 6
government being out of the way is what caused the manipulation and collapse of the damn economy in the first place!
nurb101 2 years ago
watch stephen spruiell's eyes
he's reading off a teleprompter, fuckin n00b
mensendike 2 years ago 2
This comment has received too many negative votes show
Biggest issues for the Republican Party 2010:
Illegal Immigration AND Legal Immigration
Affirmative Action and Racial Quotas
Welfare and Foreign Aid (WASTES OF MONEY)
But they are all too cowardly, and focus on the false front issue of MONEY MONEY MONEY. Money isn't everything!
khattamshud 2 years ago
moany has been "pumped into the system" but banks are hoarding cash. So if no money gets placed into the hands of consumers , why will there be hyper inflation?
MEXBOL 2 years ago
Short easy answer is: Government deficit spending with nothing to show for it except debt.
Banks arent hording cash, they have none. Fractional reserve banking allows them to have practically no reserves but you are right they are not lending anywhere near there potential and not to anything remotely risky(small business). Money is being added however in many ways. One example is unemployment pay, taxes arent funding it, alot of newly created money is. Govt spending will be the end of us.
RobbyRichards 2 years ago 2
That's the problem. Inflation isn't horrible if consumers have all the extra cash, but when it's in the hands of overseas investors, banks, and our own gov't borrowing/spending....it sets up a dire situation. If the gov't allowed some companies to fail and the real estate bubble to deflate and normalize rates, we could hit a natural bottom and start growing. Schiff is right.
rpeggio 2 years ago
My view is that both paths are fine the Free Economy and Regulated Economy will lead to the same result. Stop all this doomsaying....
KypHeM 2 years ago
Even people like Schiff can do a better job making a sound economy than the govt. So why isnt govt doing what Schiff proposes? There's only 1 answer to that one i think, It's all a criminal premeditated setup
LemonAndYoghurt 2 years ago 3
That's the first Shiff clip i saw ( and i saw them a lot), where he has company that made sense and knows their stuff. All 3 guests were great including host, very unrair and also refreshing when Peter doesn't need to fight all the bimbos and retards.
HymanKaplan 2 years ago 6
Excellent video. I enjoy listening to these guys who make sense when talking about the economy, money and the governments role and how they really shouldn't even have a role in the market.
I think Obama, Geithner, Bernanke and all the Big Government Keynesian type economists need to watch this video and REALLY listen to what is being said.
Well, here's to 2010, lets see what is going to happen!
Good luck to us all.
enemyartistkristofeR 2 years ago
@Vid
I think this video ended on a great note.
Guy at the end.. basically said, both the democrats and republicans are dumb asses and don't understand how basic economics work.
Well said.
MRSketch09 2 years ago
If they would learn from history the Federal Government would let the free market go. FDR's spending kept us in the depression 8 years longer then necessary. His own Secretary admitted as much.
Government jobs take away from the economy because those salaries have to be payed for with taxpayer money. These politicians don't care or they are complete idiots.
quizerry 2 years ago
This comment has received too many negative votes show
Why is there a nigger on glenn beck?
jimbobanalbeats 2 years ago
Pathetic comment man; pretty ridiculous.
lilbro86 2 years ago
Seemed like a valid question. I thought I had a BET clip..
jimbobanalbeats 2 years ago
difference between normal respectable black guy and nigger. Lil Wayne is a nigger, the guy hosting this show isnt
Gamerboyxboxandps3 2 years ago
Looks like a nigger to me. I'm not fooled by the suit. I saw Jay Z wear one once too.
jimbobanalbeats 2 years ago
Jimbo sounds like a loser to me... for as many "niggers" that there are, there's an equivelant number of white trash, especially in the US... and I'm white myself. Get a life, dickhead!
cimpera 2 years ago
This has been flagged as spam show
Not where I live. Just white trash and prairie niggers here.
jimbobanalbeats 2 years ago
This has been flagged as spam show
jimbobanalbeats
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He, the False Prophet, has no certificate
So his worldly crime is he's frauded Army nuclear power-clearance. That's punished by the book's heaviest sentence
Full info: my page
ShambhalaKing 2 years ago
nah, that guy annunciates his words and actually knows a few things about politics, he actually critisizes Obama, all jay z does is suck his dick
Gamerboyxboxandps3 2 years ago
The word is enunciate. He's a house nigger, while you are a field nigger, as evidenced by your gift for spelling and punctuation.
jimbobanalbeats 2 years ago
what the hell are you talking about? a field nigger? ...im white. My spelling is right by the way, dipshit. Look it up
Gamerboyxboxandps3 2 years ago
Critisize is "right" spelling? Why is the spell check going off? I'm pretty sure it's criticize. Your version sounds like an insult to a fat person. And yes. You are a field nigger.
jimbobanalbeats 2 years ago
Also, enunciate means to speak your words correctly. Annunciate is to proclaim, or announce. Sorry.
jimbobanalbeats 2 years ago
the black guy hosting said that bear sterns was a good buy late in 2008
CREDIBLE SOURCE IMO
nochtis 2 years ago
Yes, I agree. Consolidating is an antiseptic term which I meant to mean taking yours, mine, and others, and pooling the money so that government can cover their debts. It amounts to illegal taxation.
noclouds111 2 years ago
Soon, our leaders will be consolidating your 401k/pension funds for the benefit of those who are unable to manage their own lives.
My brother thought it would be smart at this juncture to hurry up and spend your money, then die!
noclouds111 2 years ago
That was wonderful.
FilipinoObjectivist 2 years ago
Excellent show.
WOLF333999 2 years ago
Schiff is a great American... however, I think it's obvious the Economy is a sham and in the hands of clever opportunists. Why not just advocate getting rid of the New World Order and releasing the Free Energy humanity deserves?
This economic downturn has been strategically planned for a while in order to instigate a ONE WORLD GOVERNMENT. The only way out, is to cut the head off the snake and rid ourselves of the Rockefeller's and Rothschilds etc
FreeSocietyNow 2 years ago 4
I like pork do you like pork?
NovusChaoMundi 2 years ago
everything's better with bacon!
achalmers 2 years ago
haha, Peter off in the background "don't buy anyone of it"
the voice of reason
takerdust 2 years ago
People are the ultimate asset, they can create gardens in a desert. Wealth is really ideas and bringing them into reality.
Do you love money itself, or the things you can get with it, the security you feel?
These birthcertificates are held through the DTC (depository trust company)
This company does $30-40 trillion in total asset transactions every year
gladiator1010 2 years ago
Interesting facts. I'll look into this. I have heard about the birth certificate thing, but it sounded like a false conspiracy theory to me.
Entropy137 2 years ago
How is that a silly question?
Peter goes on and on about how we are broke.
He fails to distinguish that the public-democratic-corporation is bankrupt, but in the private there is a massive amount of wealth.
We could easily pay off our debts, especially if we understood commercial law....that is all I am saying.
Imagine if we didn't have $11 trillion in immediate debt. Would we feel better about our future?
gladiator1010 2 years ago
Awesome clip. Thanks.
Intervene 2 years ago
economy is like the titanic, only the rich will get the lifeboat. liberty is dead!
wakkabakka 2 years ago 3
Incredible Interview! Its just a shame most sheeple wont get of their fat asses and do something, even those who do understand this lol
fox20012 2 years ago
Think of all the gold/silver/copper/iron/logging, all the stock ownership of every major company on the planet, ownership of all the major-valuable real-estate on the planet, ownership (legal title) of every car, home, plane, boat, motorized vehicle, farm equipment, tools, anything that is financed has been monetized and legal title has been turned over.
Listen, if there was no debt, would you call us a poor country?
gladiator1010 2 years ago
This is an INTERNATIONAL organiztion that has stolen from the whole world for a long time. Wealth they accrued from privatizing entire countries the world over?
you realize Standard oil aka Exxon-Mobile already owned GM, Sears, Ford, Chrysler, New York Times, Washington Post, Microsoft, IBM etc etc.
I know we have a large stash of oil and natural gas.
They own 99% of all the businesses you see in america today, and supposedly they are planning to bankrupt every single one of them
gladiator1010 2 years ago
Legal title to satellites, NASA rockets and tech, modern weapon systems and tech, weaponry arsenals, nuclear bombs, energy tech and science, medicine producing technology, etc etc etc.
We are obviously the richest country in the entire history of mankind.
Plus it is "wealth" only measured in "dollars"...not saying there is that much money, but there is that much wealth.
Money is just a medium of exchange and being debt it is worth nothing = no wealth
gladiator1010 2 years ago
If there was no debt would you call us a poor country..... That's an incredibly silly question.
joneselius 2 years ago
all much easier said than done. i will start listening when the refer to the problem as it really is.....rather than the 4th grade vocabulary
such as "the economy is like a ditch, in where the government needs to stop digging it." and then he stops as if that is all that is going on????? really they know just as much as everyone else which is nothing.
llluuuccc 2 years ago
The country needs to hear this. There are so many false ideas and principles now in play that are absolutlely devestating our economy. Kudos to these guys,keep on talking, MAYBE someone will eventually listen before we take the hard his that's coming.
wilsonspaulding 2 years ago
I wish they'd talk about something real, instead of ideas and principals. It's great to try to find 1 line to describe everything you stand for but when it comes down to it I don't think realistically the government can remove itself from every aspect of business. Pick a few points, talk about them, and call it a show, this is just a jerk off fest with a bunch of air heads reading off a teleprompter.
Watchout5 2 years ago
sherdog FTW
superfisto 2 years ago
Until you actually do research on CAFR funds you aren't going to understand what I am talking about
gladiator1010 2 years ago
keep in mind when talking about trade deficits... more than 60% of products imported to the USA are produced by US Corporations subsidiaries. I work for such a company. We moved all our manufacturing to Mexico and Asia (mostly Asia) and sell those products in the US and European markets (and Asian) after importing them back in to the USA. It has caused a lot of heartache over the years in the company I work for. But the shareholders are happy.
spikesterg 2 years ago
where the hell did my 2nd to last comment go ? lol
gsrxx420xx 2 years ago
love the crawl about the couple and their malfunctioning GPS...people are so damn stupid, they are helpless without technology....and with it too apparently.
pretorious700 2 years ago
terrorism comes down to one thing, OCCUPATION.....thats why they hate us....
gsrxx420xx 2 years ago
We have continually elected rogue politicians to be president, senators and representatives that perform their duties in a clandestine manner. Umm... do we are finally realize they are screwing us?!!
Use your vote in the future and institute term limitations to let these SOBs know we are fed up with it.
The FED has got to go as they hamper us far more than they ever will. But...what will take it's place? Will our dim witted legislators screw that up as well?
That's not a hard guess.
alwaysopen 2 years ago
There is so much wealth, our federal state and local gov-corp could fund itself for the next 40 years at current rate of consumption and not have to tax us a penny.
But all that wealth is in the "private" since we are bankrupt. Plus they are just the trustee's presiding over the trust...if we understood how to play our role as beneficiary things would be different.
We all currently have an account at the Treasury where our "credit" comes from.
Banks do not lend money. You create it
gladiator1010 2 years ago
And lend it to them.
It is against the law for them to loan their money or depositor's money.
When you sign mortgage app, credit card app, you create a promissary note which is "debt-money" They deposit that note and exchange it for "credits" which they give to you. They loaned nothing. If we can create money with our signature, think of what we can do.
We all have an account at the Treasury where our credit comes from, we can find a way to access it and "pay" with asset funds
gladiator1010 2 years ago
Not liability funds.
Which makes us all debtors and a party to fraud.
gladiator1010 2 years ago
Imagine our country completely paying off it's debt.
If you don't think this is possible research:
CAFR funds
Mortgage Fraud
Bonded Promissary Notes
Credit Card Elimination
Creditors in Commerce
Grand Assembly
I used to hate the FED, now I believe they are completely powerless. We are pulling all the levers of the machine and we can easily change it. None of us are in debt, if we understand the law correctly. In fact, we are the creditors of our own bankruptcy.
gladiator1010 2 years ago
Um...Our debt + unfunded liabilities amount to about 100 trillion. Did you know that US debt increased even under Clinton?
Entropy137 2 years ago
I am well aware. I read The Creature from Jekyll 8 years ago...I am aware.
Are you aware of how much wealth are in the state and local treasuries?
Just one CAFR fund account was $96 Trillion.
Judges have $801k's they don't tell anyone about that are attached to the revenue they generate for these funds.
There is over $1 quadrillion worth of wealth and it is well protected.
this is how much the international crime syndicate has collected over the years
gladiator1010 2 years ago
$1 quadrillion? Sorry bro but I don't believe it. Can you provide proof? Also, $1 quadrillion has to be well over the money supply so what exactly are you saying?
Entropy137 2 years ago
Arizonan Walter Burien was the first to alert us that the Comprehensive Annual Financial Reports have intentionally been kept largely "invisible" to the American public, now for over 60 years!
Burien further revealed that:
"The composite totals of investment assets held internationally by USA government is staggering. Between local and Federal government, the total of liquid investment assets held Internationally is a conservative sixty (60) Trillion dollars."
gladiator1010 2 years ago
That number has been revised by a number of students of commerce to over one quadrillion.
Consider:
Your birth certificate is legal title to your own body, they consider it a "vehicle" carrying your "soul" the "real" you
Your body is an asset, the banks hold legal title.
All original birthcertificates are held in international banks around the world.
Without our energy, gold would be valueless, it has to be mined-refined-circulated to have meaning
gladiator1010 2 years ago
This comment has received too many negative votes show
Has everyone forgotten how back in 2002, Schiffty Pete predicted hyperinflation, soaring interest rates and the Dow falling to 2000 within two years? None of that never happened.
Now Schiffty is predicting that the price of gold will rise to $5,000 per ounce. Wonder if that prediction is connected to Schiffty's plan to attack Iran?
AtlasShruggery 2 years ago
No, Schiff does not advocate attacking Iran.
honestann 2 years ago 2
This comment has received too many negative votes show
Here's a recent quote from yer boy Schiffty Pete:
"We tell the Iranians: This is where we think those weapons are, you need to let our inspectors in there. If they dont let us in, just blow the place up. - Peter Schiff November 19, 2009.
Schiffty sounds just like Dick Cheney, doesn't he? Schiffty is a neocon. Always has been.
AtlasShruggery 2 years ago
You are crazy as a loon. Go back and read the entire transaction... the ENTIRE transaction.
honestann 2 years ago
This comment has received too many negative votes show
I've read the entire interview. Schiffty Pete sounds just like Dick Cheney and Bill Kristol did before our idiotic invasion of Iraq.
AtlasShruggery 2 years ago
Your Quote in context
watch?v=73vVEY8zNCE
Peter's not running on a strong Foreign policy, he's running on a strong economic policy. the point of the comment was would he have sent troops into Iraq, his answer was basically he would have went after osama but there was no need to put troops on the ground. it's his same opinion on Iran.
He doesn't want a conflict with Iran, but if there is one he wants us in to do what we have to & out just as fast. the link is above, you decide.
davidpark68 2 years ago 2
i know u love it, whats your favorite flavor?
gsrxx420xx 2 years ago
Flavor of?
davidpark68 2 years ago
kool aid
gsrxx420xx 2 years ago
I don't partake, I know what's in it.
just curious of why you think I'm buying the Government misinformation? Because I agree with Peter Schiff? or because I posted a Link that lets people decide for themselves? if you think this was an attack on Pete, I agree with him. We have a BS foreign Policy of Occupation in a time when our countries going bankrupt.
davidpark68 2 years ago
ooh ok thanks for clearing that up.....i was just responding to your reply of "kool aid"....u are ok in my book then
gsrxx420xx 2 years ago
Schiff is a jew that is why. Jews will always defend Israel over anything else.
kermitcintronsucks 2 years ago
how is schiff defending israel?
gsrxx420xx 2 years ago
The only ones calling for war with Iran are Israelis and their lackeys.
Your average joe blow does not want another war. He wants a productive job where he can work and create wealth for society.
He wants a job. A GOOD job. Not a fake stay-busy job.
Nobody should work for the sake of work. That's how people and nations become poor.
kermitcintronsucks 2 years ago
oh really? schiff is calling for war with iran, please show me where...
gsrxx420xx 2 years ago
Well there was this article I read from infowars. I'm sure you can find it there. he was saying that he would have probably gone into Iraq, and intrude on Irans sovereignty etc.
America are not the inspectors. The inspectors are international. What business is it of America if Iran builds another nuclear facility? Do they care if japan builds another nuclear facility or yemen? Or Brazil?
That is the policy he was advocating. A bullying policy.
kermitcintronsucks 2 years ago
Schiff says some interesting things about the economy. He scratches the surface and gets the ball rolling and makes me think, but we don't need another jew in the senate or the house. To use a schiff analogy, we need that like we need a hole in the head.
kermitcintronsucks 2 years ago
, schiff never advocated going into iraq or afghan especially w/o a declaration of war from congress..he knows we have no business there....but to say we dont need another "jew" is a pretty racist thing....jews i dont mind, its the zionists i have a problem with
gsrxx420xx 2 years ago
Yeah, that's all fine and dandy. I mean, it's not like jews were causing problems BEFORE 1897. (sarcasm)
The founders knew the problems they would cause.
kermitcintronsucks 2 years ago
Comment removed
gsrxx420xx 2 years ago
his father is still in prison for fighting against the irs and the income tax....some of the greatest economic minds are jewsih...rothbard, hayek, von mises etc....schiff does not only scratch the surface, he breaks right thru it....Ending the fed, schiff is all about that...
gsrxx420xx 2 years ago
That's a good point though. His father is still fighting the unjust policies. I don't think Hayek was a jew, but the others are.
Also schiff does not really want to END the fed, his solution is to have a system just like the fed. He says either change the fed drastically or end it altogether.
He says "we need to make stuff". That's his solution to our economic problems.
He doesn't really want to end the fed though. He wants a fed.
kermitcintronsucks 2 years ago
i disagree, he realizes that what we need is competing currencies backed by real commodities with real value.....sound and honest.......and he is right, we do need to make things, wealth comes from production, not consumption
gsrxx420xx 2 years ago
"wealth comes from production, not consumption"
No doubt. Now what were you arguing with me about?
Schiff also said that the chinese and japanese would be better off NOT making america video games and tvs and gizmos etc.
somehow WE got the fun part of buying japans toys and video game systems whereas JAPAN got the not so fun part of making all the gizmos and producing all the gizmos.
kermitcintronsucks 2 years ago
Our country got a chance to do that....why not let other countries expand their assets by being productive? If the whole global economy was not being so manipulated this would be just fine.
Again, america is wealthy, why not spend our time and money overseas building viable economies that will help people's out of poverty?
There is no banking crisis
We used to have children working on famrs- in factories, but then we grew rich off hard work and evolved. This is how it works
gladiator1010 2 years ago
And now we don't have children working in coal mines and on farms. That is a GOOD thing. Coal mines are disasters. They kill people all the time.
We already have the capability of producing and sustaining a higher standard living for all Americans. This is not an opinion or a hope it is a fact : ) This can be done using the already proven technology and refined physical resources.
Unfortunately, for you and me, we live in a COMMUNIST country!
kermitcintronsucks 2 years ago
Silly me who thought the private sector caused this financial crises in the first place.
virvar2003 2 years ago
ah faux news never failing...to fail, faux will be the end of Obama, and thats a shame, you finally have a president wanting and doing change, and amazingly the American people are like "this isnt the change we voted for" well do you want change, or the same old shit, you decide!
166beads 2 years ago
Were screwed!
EMPIRE0FLIES 2 years ago
oh ya and lets not forget when the yard ape obama said he was going to his 57th state.... he must have been thinking about bananna's in Kenya! lololol wow lolo i crack myself up!
danielstwin 2 years ago
This comment has received too many negative votes show
you gots yo take a hair. what a pathetic dumb nigger maybe we get economic lessons from this fuck tard. sheeple will never wake up yard apes are not smart enough to run the country. we wont even get through the next 3 yrs!
danielstwin 2 years ago
good debate
secretarul 2 years ago
it's broken window guy...
stephenausman 2 years ago
@stephenausman - yeah, but Payne admitted he was wrong, and changed his views on the whole thing - so credit to him I say.
imre1000 2 years ago
The sooner the dollar crashes the better. It's a joke the way things are continuing.
itubeutude 2 years ago 5
Go suck Obama's dick some more, libtard.
ICTN218 2 years ago 3
Its time to close down Fannie and Freddie mac. No more money is needed to keep these two Titanics afloat. They must die like goldmans sachs.
maximouni 2 years ago 4
This comment has received too many negative votes show
Government got out of the way from 2000 to 2008 under Junior Bush and the RepubliCons. We ended up with the worst financial crisis since the Great Depression.
AtlasShruggery 2 years ago
gov got out the way? really ...
gsrxx420xx 2 years ago
I agree the repeal of the Glass/Steagle Act brought on the latest financial mess and that was started by McCain & Phil Gramm.
But the phrase" trickle down " started the transfer of wealth and the100 million dollar bonus's
Rich1598 2 years ago
Are you kidding me?
blank404 2 years ago 2
There is a simple explanation to what is going on. Wealthy Jews are robbing the country, financial institutions and firms as this broken ship sinks in deep waters.
ktougodno 2 years ago
@specialjr11
You clown. The Fed did not fail to stop it. The Fed created the Depression to skim gold from people in America. Dork. Go back to your TV. As far as fixing dollar value one cannot do it without attacing dollar value to some commodity-gold, silver, electricity-doesn't mater. Let's say 1 US dollar buys and will always buy 10Kwa of electricity. Yeah, this will do it. Otherwise it will slowly slide into toilet paper class. Now, remember-the treasury is broke and there is no gold.
ktougodno 2 years ago
LOL "the FED created the Depression to skim gold form the people in America" here comes the conspiracy theories. You need help!
specialjr11 2 years ago
Wiki: Executive Order 6102 (signed on April 5, 1933 by U.S. President Franklin D. Roosevelt) required U.S. citizens to deliver on or before May 1, 1933 all but a small amount gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce............The price of gold from the treasury for international transactions was thereafter raised to $35 an ounce.
Wiki is your Friend
FDR, the Progressives God, was a Thief.
davidpark68 2 years ago
Yea it was WWII that got us out of the Depression, not FDR.
emeraldsteve 2 years ago
Who needs help he is you. So called conspiracy theories are unfolding in front of your blind eyes. So, go and get some help, governement shill.
ktougodno 2 years ago
LOL your pathetic, now go hide in your mommies basement, so the big bad government dont come to take you away in their black helicopter.
specialjr11 2 years ago
My mommy passed away long time ago, dork. Unlike you, I lived in 4 countries and manage to survive. Let's see how you are going to hide under you mommy's skirt when people come after you with pitchforks, Sunstein's shill.
ktougodno 2 years ago
wow, great discussion!
civildisorder44 2 years ago
This comment has received too many negative votes show
These guys are so full of shit they don't really deserve at comment.
Rich1598 2 years ago
@Rich1598
okay, then go ahead and believe what the government tells you.
dxartist 2 years ago