America is the biggest banana Republic , most Americans will leave to Canada

[koolangeldude1]

i love peter schiff, but i think this is bs. europeans immigrated here because they had no democracy there. Tax rates change all the time, and will change back. Who ever leaves is not part of the country, but there will be people who stay and have children and they will be Americans. America wont disappear until every last person goes to mexico...-_-Plus, eventho china has more consumers, it's harder to be innovative without american resources.also, we pay social security for ourselves

[hennypenny247]

@koolangeldude1

Obama & co. are working overtime to surrender our sovereignty to world organizations (witness the Libya decision-making) and bankrupt us into serfdom. Soros has been pushing to destroy the dollar ("an orderly decline in the dollar would be desirable") and Obama & the radicals want to bring us down to third world level, out of anger and loathing for the hand that feeds them, white guilt, whatever. It's not too late, but we need to spread economic literacy FAST.

[mit871chell]

Canada does not have free healthcare, its funded through public funding (taxes), which provides access to healthcare for all people without a 2 tier system like the American government's private system.

[ritwingr]

@mit871chell Sure. Except when you need cutting-edge procedures you come to Mayo or some other USA complex.

And if you need an MRI you wait weeks or months.

And if you live in a rural you may have to wait until the doc makes his quarterly trip into town.

And if you need a transplant...well...you had best not need a transplant.

And for this you pay 60% of your income to your government masters.

If my pet Yorkie needs an MRI he gets it tomorrow. He gets better care than a typical Canadian!

[mit871chell]

@ritwingr I'd still take access to medical care over "immediate" procedure any day.

[ritwingr]

@mit871chell Well me, my wife......and my Yorkie....have both.

[75egcg]

@mit871chell That's what i love about canada, they have pretty much a direct path from tax to claim. In the US, ur taxed for healthcare, but you still have to pay out of pocket for insurance which doesnt cover everything, and then pay the rest out of pocket. The idea is to zap money from you and your illness. IDK why anyone in the US would want it that way

[efadrian]

USA next generations will be slaves for Asia,Europe and Rusia...This is inevitable...

This is the future you created for your kids..with consumerism....the old world new this but you the new world .you didn't understand this process..

[jamessawy]

HI AMERICAN , PLEASE DO NOT COME TO CANADA , WE HAVE A PROBLEM WITH VIRUSES , YOU AMERICANS STAY THERE, ITS BETTER , BESIDES CUBA BANNED YOU AND SO OTHER MANY COUNTRIES WANT TO ADOPT THAT SYSTEM . CANADA IS TO FREE FOR AMERICANS TO COME , PLUS OUT NEWS AND MEDIA WILL BORE U BECUASE WE DONT TURN IT INTO ENTRETAINMENT SHOW , WE SCTUALLY SAY THE TRUTH IN NEWS. NO NO NO , PLEASE STAY THERE AND SUFFER YOUR FAITH , THE FAITH THAT U REAPED .

[br8kaway74]

@jamessawy We say the truth in news hahaha good one, but i agree the air quality over here is poor, the water is foul, the food is terrible, your best to stay in America and deal with your problems!!

[wakaw07]

Hello Americans, Please don't come to Canada, It's too cold and we say "eh" alot. It's also really boring and we let homosexuals get married. You will not like it here I promise, just stay there, OK!

[klard]

I would like to leave to a different country. We are in the long descent, the wealthy are just pilaging the economy till nothing is left of this country. I wish my ancestors had never left Europe.

[msungs]

I left the US (two Bachelor's Degrees and a minor). I found many more enticing opportunities in Europe. America is doomed. The US Dollar is on the verge of collapse. "Owe"bama only know how to spend the Owebama bucks printed off of the Federal Reserve (as "Federal" as Federal Express) money presses. Buy gold and silver when you still can, before Owebamainflation (higher than hyperinflation) hits.

[PhotonDrive]

Hitler modeled third Reich on US. Jews became the Indians - to be wiped out. Slavs became the Blacks - to provide slave labor. Aryans became "white race" to be "Noble Masters". Most immigrants never got outside the cities, not too curious about history of where they landed. Makes role-reversal rationalization easy. Centralized Socialism AND centralized Capitalism have now both failed & are lingering burden. All must push to Fuel-Less economy push aside profit & control!

[JerryGing]

I'd also add that people are/will be leaving for more freedom. Americans don't even realize how often they get hassled. I'm nearly 50 and got grilled at Walmart recently because I was buying beer "without ID." Many other places treat their law abiding citizens with respect.

[msungs]

@JerryGing I couldn't agree with you more Jerry. I came back to America from Europe because my wife had training. I didn't really want to come back. Well at the Airport they were on RED-alert. The Customs Officer was very rude and was making in fun of me because I am a student (currently learning my 3rd language..little does he know). I am a citizen (former 911 Dispatcher, Police Officer, and served my country as a counter terrorism officer). I was treated like a criminal and a thief.

[storyb23]

this is bullshit... but the essence of it is true.. Most countries are far more free.. but it's not because of regulations. We regulate human life instead of businesses. There is no business regulation in this country so it's stupid to complain about it being too tight.

[Piscivorus]

No business regulation in the US????

Why can't people who find themselves unemployed employ themselves? REGULATIONS!

You don't even know how much liberty you've lost until you've lost your job.

[storyb23]

I don't know whether to agree with you or not... I can't tell the difference. I agree that people should "employ themselves" but I also think they shouldn't have to earn money to survive as there are simply ways of surviving without money or the bulk of money at least. Gardens. And this video I am also unsure whether to agree with it or not as it is vague about things, what it is saying is something that doesn't have to be true or not fully true.. but in this country it seems it is

[lordblazer]

why goto Canada? I'll be going back to Asia son!!

[bookbinder66]

new zealand rules

[iloveterriers]

It's not that easy to get into Canada -- i'm a dual citizen and you can't just "up and go" you need to get paperwork and documentation etc etc

[dave777blaster]

Canadian immigration is back logged with Americans

100,000 of the richest most educated Americans are leaving USA each and every year,what will be left but a third world.

[bj616]

I live on an island located off the extreme south west coast of Canada and a 1/3 of our pop. is made up of Americans. Many of them very wealthy.

[medliberty]

The Social Security fund may be in trouble because the politicians keeping raiding it to support non SS programs general funding requirements. That started under Reagan (who took Volkers advice to steal from the SS Fund) and has continued with every President since. If left alone, the Fund would be in great shape.

[yt7718]

Americans should start watching hockey.

[BlacksAreBeautiful]

i understand your point...not sure if I fully agree though..

[BlacksAreBeautiful]

oh. so you meant literally leave...well I find that difficult to believe because rich people need poor people to steal and exploit the poor in order to amass their undeserved wealth...what do you think would happen if the super rich built a society among themselves? how long do you think it would take for some among them to form a bond based on some similarity, and work to exploit the others? I'm guessing not to long..these people only know exploitation....

[strongbadXCP]

Your statement shows you have zero understanding of economics. "Steal and exploit?" When I buy a product and the money goes to a businessman, I do it because I want the product. There is no theft involved.

[BlacksAreBeautiful]

my "steal and exploit" comment was talking about something completely different..it was part of a back and forth conversation I was having.

BUT you say i have zero understanding of economics?? are you suggesting, that people involved with these MBS, or these shady lenders, or CEO'S of these investment banks were not involved with theft and exploitation??? So I guess you're telling me that the current economic collapse is a natural occurrence, and had no unethical methods involved!

[BlacksAreBeautiful]

I thought that happened years ago..the divide between rich and poor has always been very wide and expanding...no?

[BlacksAreBeautiful]

leaving behind? do you mean literally or figueratively??

[Junglecat73]

I think Peter Schiff expects taxes in US to be much higher than Canada in the future because the US governnment is borrowing much more money than the Canadian government to pay for the bank bailouts.

[Shadyhunter04]

Lol, that American thing going south has been happening for a while now.

Mexico, for example, has quite a few white neighborhoods composed of retirees and some others that go there to get more bang for their buck.

As more baby boomers retire and S.S./medicare benefits are reduced, this is likely to grow even more in popularity.

Hmm, I'm buying some Mexican land on top of gold! Hahaha!

And of course, this is not just mexico, this is happening in other latin american countries too.

[JP5466]

No, don't buy any property in Mexico. The Mexican government and authorities are completely corrupt and can take your land/house away from you for no reason whatsoever. It happened to someone I know.

[Shadyhunter04]

Really? I'm curious to know the story behind that. You sure it wasn't the bank itself screwing him over? It's the banks who technically own the land when foreigners buy homes over there.

[BlacksAreBeautiful]

bad example...if those immigrants came here for more freedom, less regulation etc., received it for a while then had them taken away, they would have left, but Americans theses days don't even realize these things are being taken away from them..They are too concerned with who will win Dancing with the stars or the next Superbowl..America and the world for that matter has been dumbed down beyond belief..

[h2jn]

I love this guy. So outspoken and funny too. : )

[eazystrong]

thanks god im in save place

[marniespeaks]

The Chinese have a gold mine but the largest class works 14/7 making .49 cents an hour.

Is that what you want for Americans?

[vonleixy]

Peter is right. Those Chinese with entrepreneurship did go back for better biz opportunities, but those white-collar Chinese still prefer to the states for good environments and social welfare.

[y2knoproblem]

Canada has free health care and medical marijuana laws. Why wouldn't anybody go there?

[leemil4]

Because they're a lot farther to the left than we are on social issues, I'd suppose.

[barrywinehousexp]

Obama is Trudeau, FDR, and Carter rolled into one. Learn French and move to Quebec -maybe we can help liberate the Quebecois, if we can't help ourselves here.

[JP5466]

And because they take 50% of your income in taxes. Don't worry though, the US isn't far behind.

[yogiudo]

And the worlds largest remaining oil reserves, softwood lumber, undeveloped gold mines, undeveloped silver mines, undeveloped uranium mines, uranium stock pile, most fresh water, and a good service sector to support a nice life.

Unfortunately we've got too much snow.

[alyr315]

@y2knoproblem FREE Healthcare? Really? So the doctors are volunteers? Nobody pays for the drugs, equipment and personel? The Canadian system COST AN ARM & LEG to taxpayers. Where did you get this illusion OF FREE?

[twistedbydsign99]

@y2knoproblem because they aren't gun friendly. And free health care is insolvent.

[br8kaway74]

@twistedbydsign99 We have more guns per person than America

[twistedbydsign99]

@br8kaway74 you can own any size clip ar15s?

[br8kaway74]

@twistedbydsign99 lol we're not allowed machine guns.

[idricool]

@y2knoproblem Health care is not free. Nothing is free. The extremely high taxes in Canada cover it.

[DillonX]

There's an office bldg going up in my area that has a Chinese connection.

I don't know if a Chinese investor is putting the building up or if it had Chinese financing -- anyway, not everyone is giving up in America.

[audiohi]

Hahahah that was funny. You have a good sense of humor.

[MishuTaste]

You know things will be REALLY bad when the Mexicans decide to build a wall to keep US out!

[CodysMahName]

why would they do that when the NAU is on its way?

[BabyHominid]

I'm seeing Peter will not win a Senate seat. He says things that can be pulled out of context and used easily against him. Sad. I like him, but he's not a politician. No doubt, this is what I like about him. As for the general voting population......... well.....

[CheekyMonkey888]

Because Peter says it like it is is precisely how he'll win, when people see their lives reduced to misery then they'll listen

[BabyHominid]

Maybe you're right. Usually people do something silly when things are haywire.  Peter's not silly, so I am afraid they won't want his sensible approach, but something extreme.

[DillonX]

I've heard Schiff spew BS before, but this tops it all.

[malibuhur12]

Yeah. All his predictions have come true. With the exception of Hyperinflation. Don't plan for that though since it's BS. Good luck

[Intervene]

Haha Patriotic Peter!

[RedFishEye]

Chinese people in the U.S. wouldn't dream of going back to China. The standard of living is more than 10 times higher here. They still have a communist gov't that is much more corrupt than the in U.S. Things are bad here but let's not get carried away.

Sure, a lot of purchasing power is going to shift from the U.S. to Asia but Schiff is taking it way too far here. The average Chinese person will not have the standard of living of the average American during our lifetime.

[hardychou]

Actually have you been to China before? The standard of living in big cities like Shanghai as compared with major US cities, I think it's pretty much or less the same. And it is easier to start a business too.

[RedFishEye]

Yes, have you? Blue collar workers are treated like dirt in the big cities. On top of that, the government can take your property anytime they want and they often do. Furthermore, there is zero free speech. And if you want to start a business, you better have the cash to bribe government officials because that IS how it works there.

Schiff is speaking WAY too one-sided here. I agree with his general premise about investing but he often goes to far to the extreme.

[Anythingwilldo41]

"will not have the standard of living of the average American during our lifetime"

How can you be so sure? When the U.S dollar collapses, it might just be that way.

[RedFishEye]

Most of China is like the U.S. in the 1940's but with a communist government. The average person makes $3,000 there. I realize that they are going to grow, we will stagnate, and we will lose our spending power when the dollar loses it's value. It's very different to say that it will be better to live in China. Sure, you should invest in China but nobody from the U.S. should want to live there unless you are some sort of big money investor.

[kkklownknight6699]

The standard of living in Chinese cities are not that much different to U.S cities.

However America is more urbanized whereas China still has a large rural population.

And many foreigners live in China not just big money investors. I don't know where you got that from.

[bbburton]

And a couple of billion more people living in China than in the US. I don't think I'd be moving to China anytime soon.

[kkklownknight6699]

And I should care because.....???

[bbburton]

Apples and oranges . . .

[sinitskyd]

you are wrong. I know many who went back and are doing very well.

[NomortaL]

i agree with redfisheye on this one... i have friends who have lived there or at least visited and everyone comes back and says the standard of living is much better in america.

[tickhound]

Ouch! Reality kinda stings.

[shoeman3434]

Tomorrow belongs to those who prepare for it today. Malcolm X

The collapse is inevitable - PREPARE!

[vdubs4life1964]

By failing to prepare, you're preparing to fail.

• Benjamen Franklin

[shoeman3434]

Precisely!

[eteezie]

I agree, but at least spell Benjamin correctly if you are going to quote him.

[vdubs4life1964]

my bad... I'm dumb

[blackrubberbag]

I think I'm going to sneak over the border and go live on "Davidsfarm"...smash cars, drive buses up sky hill, & build crazy contraptions.

Certainly sounds better than hanging around here waiting for the other shoe to drop.

[jarden69]

Can you imagine if someday the US Govt made it illegal to leave the US?

That is a truly scary thought.

[thekid22585]

indeed a scary thought, and not far fetched. The federal reserve will do anything to make sure its printing of trillions of dollars is paid in some form or fashion, and the only way you do it is by putting the tab on us....by what if we should leave?

[Repomex01]

"mow thru, mow thru" said will smith!

[Pepsifx357]

Very random thought there.

[karenbcz22]

"Latin America extending to the Canadian border"!

ROFLMAO!

That's exactly what's gonna happen!

[1urbandevil]

Why not teach children skills needed to rebuild a more suitable future?

E.g. Natural Health, Gardening, Building, design, History, etc?

Then give them support to help setup exporting companies?

Stop the over load of mass-media confusion, for the truth only!

Now the Government hates Soldiers, Hippies, Gardeners and Animal lovers in the DHS Lexicon?

watch?v=CT2RW7TC_oo

When do you say it wrong!

This is not how you support the people; this is all just madness of power!

[Artorioux]

did you listen to what he said. Did you know its illegal to redirect RAIN water into your home garden? OF course you didnt, cuz its not on the tv news.

The moral of his story is more government is coming...government = laws = restrictions/limitations...

Means even if teach these SKILLS it will be illegal to use them.

[arcanekrusader]

Good old bananas

[larstup]

Enjoyed this video. I often think about getting the few remaining Americans that still believe in the Constitution together and taking over a state. A nice one, like maybe Colorado. Then we could have a free market again and everyone that likes being taxed to death can have the other 49 states.

[KingDrudge]

@larstup

no interest in the People's Republic of New York?

[TruthFN]

Always refreshing to hear the truth from Peter, thanks for posting.

Canada only wants Americans who support Ron Paul or libertarian ideas, we could create the first Western country to break the central banking system, as we in Canada OWN OUR Bank of Canada.

[mrzack888]

my father has was sent from China to US to get his Ph.D. Now he is back in China starting his natural health anti-aging business and sending money to the U.S. to help my mom pay off the mortgage.

[SmashedBobNoPants]

Canada does not want your ignorant masses

[skyding8962]

Well were coming to get you.. HAHAHAHA

[REVOLTbydesign86]

i think that is kinda of a bigoted thing to say some of us arent ignorant an have seen this coming, an ive fucked a few canadians they werent to smart to let me do it if im so ignorant i had to beat them away with a stick.

[SmashedBobNoPants]

I have no problem with intelligent Americans coming over the boarder to live amongst us. Its the ignorant ones I want out....

[vociti]

unfortunately it's hard to pick and choose! :)

[Clichyabarbes22]

Canada has huge immigration numbers. We take in immigrants from all over the world & we've always received American immigrants. When western Canada was settled at the end of the 19th & beginning of the 20th century a lot of Americans came up, particularly to Alberta. American immigration is nothing new to us. However Americans have to apply under the point system just like everyone else. In any case our economy sucks too, but we have a much better future.

[ghjjfsbf]

We've already got the highest per capita immigration in the world, why be fussy with Americans?

[KingDrudge]

@SmashedBobNoPants

oh no, the ignorant masses(who voted for Bush) are staying put. They like their trailer parks & wars in foreign lands and paying for it on China's credit card. I on the other hand will be moving to South Korea.

[sugarpuddin88]

My Chinese friends who worked for companies like HP & Compaq & Intel all immigrated BACK to China around 1998

Latin immigrants are running up big bills here in the USA and sending the money back to their old country; soon they will move back to their old country and live off that money they have stolen in the USA

[sugarpuddin88]

48% of Americans think dinosaurs lived the same time as humans; 46% Americans think the earth orbits the sun in one day

25% Americans think the sun orbits the earth

25% Americans are HS drop outs; fewer than 15% have college

In literacy survey, Sweden highest, Mexico lowest & US next to last

17% Americans couldn't find the USA on a map

Americans spend more money on gambling than movies, videos, DVDs, music, & books combined

1 in 10 on food stamps in USA

[REVOLTbydesign86]

ummmm your stats are complete crap none of its true...lol us last in literacy ha go to fucking afghanistan

[sugarpuddin88]

Revol

I have source citations for any stat or stats you question

Just be specific please which source citations you wish to see

[princesbub11]

1 in 5 comment on YouTube. 1 in 100 use statistics. 1 in 1000 of those who use statics get a response to their comment.

You are 1 in 1000 sugar puddin.

[sugarpuddin88]

USA is 49th in world for literacy (NYT Dec 12, 2004)

20% of Americans think the sun revolves around the earth; Europe surpassed USA for production of scientific literature 15 yrs ago

USA is 2nd only to Mexico in poverty among industrialized nations

Women in USA are 70% more likely to die during childbirth than Europeans, (NYT Jan 12, 2005)

USA medicine is ranked 54th in world

Of 50 top world corporations, all but 1 is in Europe!

14 of 20 largest banks are in Europe

[REVOLTbydesign86]

you know how i know your crap you have the same stat twice but the % changes....

[splenderfan]

Social Security is definately a Ponzi scheme, but government as always, is the exception.

It's amazing the difference between today and 100 years ago:

Federal Reserve, Income Tax, Social Security, Medicare, Medicaid, Department of Education, Medicare Prescription Drug Act, and that's just to name a few.

And look at how efficient this stuff is.

All tax revenues that came in for the first quarter couldn't even cover the entitlement programs, interest on debt, and defense spending.

[NicosMind]

"because we're the biggest Banana Republic of the bunch"

So painfully true. Now that should be in the title!

[FelipeValen]

first!