10/16/2008 - Part 1 of 2 Peter Schiff On Glenn Beck

[MrKlodoaldo]

he is the man

[cyobuay]

It's funny how when people talk against what is considered the norm or against tyranny they are quickly called crazies, lunatics, asshats and such..

[howardthecoward07]

Beck rules.

[fgassama7]

All i am hearing is peter is right...finally

[mistermayy]

obama is trash

[revjimbob]

This man is a buffoon.

[jscottupton]

Glenn knows more about economics than Obama.

[mymojorisin]

Glen Beck is not a thinker he is a talking head. We live in a welfare state alright but it is a corporate welfare state. Welfare for the rich and tax the average American while Glen Beck and his masters get richer. Who is the real villain? And Glen Beck calling Obama fraud is like the pot calling the kettle black. They are both betraying the American people. Obama is betraying us through the government and Beck is doing by using the media.

[Kelthuzad126]

dumb ass you know nothing mymojorisin keep drawing your check and shut your damn face.

[mymojorisin]

LOL Kelthuzad126 did I touch a raw nerve? Sometimes the truth hurts.

[ari1989]

he talks the truth

[norfair18]

You know at one point I didn't like Glenn Beck because i thought he was just another neocon. But he has been seeing a lot of light lately, and getting Ron Paul and Peter Schiff on the air a lot makes me respect him much more. And also watch his show.

[GotSober2006]

What happened to Glenn Beck?

[djsherin]

CNN canceled his show because he made a deal with Fox. He'll be on Fox in January from what I understand.

[roddiero]

Unfortunatly, Glenn Beck isn't bright enough for my tastes. I'd rather see Tucker Carlson or better yet, neither. Put Peter Schiff on all day and all night until the effin country wakes up.

[jRmullet]

WOW! I've been watching them lately and noticed everyone from Cafferty to Larry King to Belshi is going liberal. CNN is no longer the network of independents. They are now, officially a liberal network.

[rohaynes1]

CNN is as liberal as the corporation that owns it.

[USAScommando666]

They have been a liberal network wor some time now.

[FCmagic01]

Glenn is the man

[EasyWolf31]

Man, what inflation, this was a republican scam, oil, gold, etc, look at wheat for example, from 1000 to 200 now? Every commodity has crashed back to 1999 levels, just before the pigs took the office.

[EasyWolf31]

Another major flaw is that he's pushing gold and commodities and international stocks at their highs. Besides that Peter knows what he's saying.

[sirava88]

6 weeks ago, based on "dollar sudden drop scare/advise from Schiff" I changed investments to other currencies/gold. Since then the dollar had about 20% gain against every currency I bought into and gold droped. Thank you Schiff. Economy does not run on logic and data, it runs on emotion and opinions and worry...it always will. What do you say now Schiff?...

[nleewoody]

the major flaw in what your saying is "6 weeks ago" give it time, then we will know some truth about your investments

[billsaintkilda]

Yeah Logic and data does win out in the long run.

[launchpadmcquak]

(1950s propaganda voice) Doctor Spooky

LOL!!

[codediporpal]

Idiots on parade. Government is not printing money to pay for stuff. It's borrowing. Schiff is an idiot.

[skullsvcrossbones]

dude, you're the idiot. The govt sells bonds then writes checks against itself creating money out of thin air. This process is called "printing money" believe it or not.

[codediporpal]

Nonsense. I can do exactly what the government does: sell bonds (IOUS), keep the money in a bank, and write checks. I'm not printing money either. Only difference is nobody will buy my bonds because I don't have the power to tax.

[skullsvcrossbones]

You are so clueless. Why did I talk about the FED selling bonds ? Because that how the govt finance these things ( fiscal policy at work, hello?) by creating money out of NOTHING (printing money) thereby ---> increase the supply of money ---> law of supply and demand ---> INFLATION. When you write a check you have the money, when the govt write a check it has none. I dont think you even know what you're talking about. If you're still confused, please pick up ANY macroeconomic book, chapter 1.

[codediporpal]

Beck conflates corporate income tax with personal income tax. Maybe he understands the difference and is trying to confuse people, or may he doesn't and should not be talking about it. Either way, he sucks.

[Lucky7wins]

Glenn, you're rich. When you say, "don't force us" to pay higher taxes, you speak for 5% of Americans. You speak for the upper upper class.

[dx11101]

I agree with Glenn beck and I have previously talked with people at work about this very thing. If you lower taxes for the bottom earners and increase taxes for the people on top, the people on top just have less money to spend. Lets face it, regular people are not the smartest people and are not going to make the best investment with their extra money anyways.

[boozehound420]

But if the people at the bottom have more money to spend the people at the top have more money coming in because people are spending more. There isnt a right and a wrong way to tax people. Its damaging both ways.

[muwag]

Perhaps regular people aren't the smartest. But you really need to consider why. Why is education being constitently cut? and by whom? If education isn't important, than why is there such a huge discrepancey between how the rich educate their children, as opposed to the poor? You've got to look at the whole picture. another thing, be careful, if you still have "work" and aren't self-employed, or independantly wealthy, you're a slave. Doesn't that put you on the dumb side of the fence?

[bakinjoo]

Glenn doesn't understand economics.

You can't have an empire where our military is in 170 countries and NOT have higher taxes. You just CAN'T...

if you want to have a strong economy, that is...

wake up Glenn - change your foreign policy stance and then you can make your points. You can't have it both ways!

[monkeyman1140]

The USSR tried to be an empire too.

[soran27]

Spread the wealth.

It's called socialism

welcome to the new American biiiiish!

even Bush is doing it!

[rayyf69]

Socialism destroys the economic calculus necessary for price signals to carry accurate information by elimination of private property. It is unsustainable and must be halted eventually.

[sonic2batt]

ok, Obama isn't going to raise taxes so much as he's not going to renew the tax cuts Bush made

[divinacomedias]

dr spooky..........spook?

[Epic878787]

Isn't the US corp tax rate a sham given all the special tax breaks? What is the corp tax revenue compared to GDP and compare that to foreign countries.

Jobs go to India because of low wages and no regs.

In the US, in some jobs, you have to commit a crime to get fired. In China, I think, if the boss doesn't like your face you are gone. We can't compete against that kind of motivation.

[mrzack888]

buy ink stocks.

[freeforall232]

According to the National Taxpayer's Union:

McCain will increase spending by $92 billion/year, Obama will increase spending by $293 billion/year, Bob Barr will CUT spending by $201 billion/year

Vote for Libertarian Presidential candidate Bob Barr if you really care about America and want to get this country headed in the right direction.

A vote for John McCain is a vote for Barack Obama is a vote for John McCain.

[xLeeRWilsonx]

if i was peter i would tell those other two dudes to stfu because hes been saying this for years and those two guys were the same ones saying oh no the economy is fine... what a bunch of cocksuckers.

[philippe1985]

They say not voting for Obama or McCain is a wasted vote. Well voting for them is a waste of time. You choose.

[amsd1231]

can u please not include false key words on your video? this video has nothing to do with jim rogers.

[JackNeedles]

Peter and Paul 2008.

[eurohim]

Even better, the vast majority of money created isn't even printed. It is just a number entered into a computer.

[Paetaor]

The government numbers are a sham? Can't remember who said this repetedly over the last 2-3 years and was laughed at but I'm sure it'll come back to me.

[Hopefl1]

Thanks for putting up the Beck/Schiff/Paul Vids. Appreciate it.

[libertyeconomics]

tax credits are not the same as tax cuts. What you create targeted tax cuts for specific behaviors, then the government is objectively subsidizing certain behaviors. Objectively, no difference between taking your money and then giving it back to you to do something specifically. The government is playing the role of central planner. This shouldn't be confused with opposition to blanket tax cuts, which, BTW, require SPENDING CUTS.

[Boomer1949]

Beck is way off on why corporations are moving jobs overseas. Manufacturing moved so they don't have to obey environmental and working environment standards, plus cheep wages, all to increase the bottom line to keep Wall Street happy. Unions have been dieing in this country since Regan's intervention with the Airlines.

[TheEvilDetector]

Time to take a walk, breathe some air, take the meds son.

[boots920]

How about calling Peter Dr. Truth, or Dr. Reality...

[philippe1985]

Obama and McCain are idiots. When I listen to them I couldn't think dumber than them.

I love the graphic at 6: 33.

[mbear14]

It's like listening to the washing machine argue with the dryer.

Vote 3rd party! Spread the message.

[ottomisso]

True, but those are our choices.

[JP5466]

WAKE UP PEOPLE! This whole republican/democrat thing is totally bogus. No matter which party you vote for, you're voting for the same corrupt system over and over again. It's just a gag to make you believe you have a choice.

Ron Paul was the only choice, but it's too late now. It's unfortunate that 90% of Americans are ignorant, naive sheeple.

[ElCapitan1985]

write in Ron Paul, thats what I'm doing. He's the only one who deserves a vote.

[turdsplatter]

done, sending in my absentee ballot today.

[thinkrevolution]

Ron Paul isn't writing in Ron Paul.

[ElCapitan1985]

I know he said he was voting for Baldwin, but in my state of CA, Chuck isnt on the ballot, and niether is Dr. Paul, so I will have to write one in anyway it might as well be Dr. Paul. After all, the good Dr. is the ONLY candidate that deserves a vote. P E A C E

[thinkrevolution]

Well, Ron Paul isn't a candidate anymore. He ended his campaign back in June.

Are there no third party candidates on your state ballot? Surely at least Barr or Nader is on there. Ron Paul has said that we should vote for ANY of the third party candidates.

[ottomisso]

Yep. I wonder how Canada is going to feel when they have illegal aliens flooding in.

[RenneDanjoule]

Yea, I think thats coming. Unless of course, this is all purposefully done to create a problem where the solution will be to sacrifice sovereignty and national currencies, and " work together for a common cause" with a North american Union and the Amero. A possibility but well see where this goes.

[philippe1985]

This is no choice. You can vote 3rd party or not vote. You can do something useful for you and your family on that day and not waste your time going to vote. Time is running short.

Consider yourself lucky. In my country, i you don't go and vote you get a fine. And our choice is not better. I would say it is even worst.

[ottomisso]

Voting 3rd party is the same as not voting. In a way, im hoping Obama wins and ruins the credibility of Democrats for elections to come much the way Bush has done for Republicans. It took Jimmy Carter to get a Ronald Reagan and Obama is running on Carters platform.. No doubt that Obama will destroy America for decades to come.

The problem with a forced vote in America is that most Americans have no clue whats going on.

Ask an Obama supporter why theyre voting Obama and see what they say.

[mymegabiz]

I believe over 7 million Americans have stopped paying tax (income tax that is) with no comeback.

[jfooj]

Try writing a check for more than you owe to the IRS. I bet they will return it.

[andreamirelez]

I AM GLAD HE POINTED OUT THE U.S. HAVING THE 2ND HIGHEST CORPORATE TAX RATE IN THE WORLD. OBAMA IS ONE OF THESE GUYS THAT BELIEVE IF WE KEEP TAXING MORE WE BRING IN MORE REVENUE. HERE IS A GREAT VIDEO ON THAT TOPIC IF ANYONE WANTS TO SEE.

watch?v=tsm__k9ng_I&feature=Pl­ayList&p=A8258B6425F8704B&inde­x=1

[markymarkuss777]

Did You know, that in the complete history of the DOW eight out of ten top peaks occured during the early years of the Great Depression? #3 was the day after the great crash of 1929. Best Days of the Dow (% Gain) 1 15.3% March 15, 1933 2 14.9% October 6, 1931 3 12.3% October 30, 1929 4 11.1% October 13, 2008 5 10.1% October 21, 1987 6 9.5% August 3, 1932 7 9.5% February 11, 1932 8 9.4% November 14, 1929 9 9.4% December 18, 1931 10 9.2% February 13, 1932

[InTheSticks1881]

Schiff is brilliant. Thanks!