Schiff Schools Senator on Constitutional Powers

[tgshark1]

This is only a matter of time now, and hopefully sooner than later. Housing/Automobiles need to be redefined. The market needs them to die off if we are to invent new solutions. Fuck the government for slowing this down, but it will happen on its own anyways.

[jjenson2006]

Fucking bureaucrats!

[AliceInWonderlandSyn]

we are so effed!

[Thatmakessense356]

Why is there no requirement for congress to prove that any bill passed under the necessary and proper clause was actually necessary and proper? For example, if it accomplishes the opposite of its goals like the federal reserve act has, why is there no constitutional requirement for removal of the program? Go Schiff!

[trexx32]

this senator is the reason our country is completely fucked

[truthisthere13]

If you buy a gm or chrysler you're part of the problem fuck these companies, if you're going to buy american buy ford at least they didnt take any TARP money.

[candiceevans1]

28 TRILLION TO DATE,,,THE LIAR IS THE CONGRESSMEN

[chevycf15]

What, the, fuck, is the senator going on about? Peter is talking about whether or not it is legal to do these actions. Since you have commited an illegal offence before, it does not make it legal to do so now.

[uuubeut]

How many Jews does it take to control the Goyim in America?

[rmccay88]

That Senator is so clueless. He's essentially nodding agreement with Peter that the Fed was the reason banks and other institutions were able to get the cheap money but he thinks it's the institutions fault because they went and made the deals they made with the money from the Fed....

[aviomaster]

Peter Shiff is 100 % right , USA goverment is USA trojan Horse.

I saw this on one truck written and it is so true.

[aviomaster]

Senators have been in Senate for very very long time , some senators have been there for 50-60  years ,

With this in mind , They are run by big bussiness ...

Senators are Thugs with good backround I mean they have families behind them.

[fosterchild4523]

I love how Peter points out that the Federal Reserve set interest rates too low which flooded Wall Street with cheap money and the Senator says, "and what did they do with it? What did they do with it?" THEY SPENT IT....DUMBASS!!! He thinks that the disaster started right there. He can't see that had the Fed not set rates too low, that cheap money would not have been there to spend.

[Rzaforshiza]

at first I was going to be an asshole and respond like a jerk cause I thought you were talking shit about Schiff. I am happy to say you were not.

[aviomaster]

-- Don't you think .. 800 military bases swallow a lot of wealth ...

It is just crazy what this goverment is doing ,, They are giving money and aid to Georgia , I do not think anybody on internet knows where Georgia is on the Globe ...

[CasperClear]

LOL +1

[bajoverga]

Schiff smokes these fucking tools--as always.

[Jordan22473]

The reason we have a goverment is so that we can rob jo to pay jill Dum shits

[smasila]

With people like that is why America is such deep trouble. We need more Peter ASAP!

[ceylous3121]

um... ya..... americans have been voting in socialists for the past 60 years.... its comming home to roost.. most people are socialists :( sad...... i reallly dont think that america exists anymore. america doesnt deserve peter for running.

[Sentinel4truth]

Peter Schiff is the living embodiment of the conscience of capitalism in an America that's been taken over by socialist central planners. If you want real change in Washington, please donate to schiffforsenate . com. I did.

[aviomaster]

--- WHAT is legal,in this goverment I wonder ..

[lintburger]

What a dumbass this Reagle is, hey stupid fuck we are going to have a depression because of non stop govt interference. Read the constitution you ignorant prick!

[svenp]

'But it's not legal'!!

'No it is, we got away with it before so it must be...'

[inconformant]

the government has no place in the free market. the federal reserve should only be limited to only controlling the amount of currency in the market and nothing else. the government should own the central bank so theres no conflict of interest whenever they decide to print more money. government should not be interferring with failing business whats so ever.

[djangothecat]

It's sad that an Economist has to give a Senator a lesson on the Constitution. How did our country come to this? Fuckin' sad.

[Wombat66614]

This is new tonite! GORDON BROWN hopes to forge a partnership with President Barack Obama in Washington this week, to call for a global new deal to lift the world out of recession. Can we say Global Carbon tax? I can hear the Imperial Death March(Star Wars) playing in the Back ground!

[JAGUARWARRIOR21]

schiff ass pounds this silly former senator twice!!!

[Wombat66614]

Peter Schiff Is absolutely correct!! ALL THESE POLITICIANS NEED TO BE STRUNG UP!! EVERYONE OF THEM!! the politians are purposefully collapsing our currency and bring us to a one world currency and order! Remember either ALL of these politians are ignorant, or they are ALL IN ON IT!! WAKE UP SHEEPLE!!

[Honkyrappa]

cept Ron Paul

[ITILII]

Peter Schiff, Jim Rogers, Nouriel Roubini, Marc Faber, Rick Santelli are among the few speaking the truth about how bad things really are, words of wisdom from honorable men

[controlpopulation]

Last comment by peter was "you didn't watch the free market, you watched socialism". He's dead on there.

[controlpopulation]

I always wondered why very few senators and congressman dare to go on these shows. It really does show their ignorance and stupidity to handle any real crisis facing the nation. Its about time we all take our country back by booting our local, state and fed politicians out of office.

The problem is, Americans are really afraid of freedom. There is too much responsibility involved and would rather the govt take care of them till death.

[DGKin]

The "free market" is an illusion and is, was and always will be an illusion. The "free market" has always been controlled by bankers and the big money interests. To imagine that this "free market" will suddenly appear, no strings attached, just to the benefit of the average working man if we just "let it happen" is to ignore the reality of human greed and business. NO government worth a bucket of warm spit is going to sit by and allow 300 million people to sink into starvation if possible.

[brojiml]

Who is this A-hole Senator? I didn't catch his name, which should be mud.

[brder4ev]

Every Senator that thinks in the way this one does needs to loose his position in Government forever. People like him are causing this situation to worsen. Socialism is not the answer and never will be. Eliminate the Federal Reserve,Return the power to print Money to Congress and Return the Gold Standard to our Dollar is the only way it will ever work.PERIOD!

[lukewarmstorm]

Since when has this country ever followed the constitution. If we did the whole system would collapse.

[brder4ev]

You Are A Dumbass And Always will be,if we did not have the Constitution this Country would not be what it would be. Go to Russia or Cuba or Italy or Mexico. A pig is a pig and a Dumbass will ALWAYS BE A DUMBASS! PETER SCHIFF RULES! Go Back To School and pay attention to a conservative instead of a deadhead Liberal or Marxist like Obama.

[lukewarmstorm]

"Go Back To School and pay attention to a conservative instead of a deadhead Liberal or Marxist like Obama." Not the liberal vs conservative game.

"PETER SCHIFF RULES!"

The blow him then.

"if we did not have the Constitution this Country would not be what it would be."  Your an idiot. Countries become great despite their government not cause of their government. Go get the wool shaven of your back you American sheep.

[ladyjade3]

bankruptcy is beautiful

[Buckeyes1647]

"you didn't watch the free market, you watched socialism"

he couldn't have said it any better. Let capitalism work.

[macosoonami666]

"I think we (govt) have the legal authority?" geez he was a former Senator. Yes, Peter is right govt intervention (bail outs) only causes bad buisness practice to thrive, free market will force companies to have buisness good buisness practice to survive.

[atdtheo12516]

heh after Peter calls him out when he originally the senator said we have the authority then changed to to "think", that was gold

[bochap21]

national suicide.

[DennyDucet]

Schiff for President!!! THis guy rules. Peter Schiff knows more about this than any other talking head on earth.

[hugolp]

Peter Schiff was economic adviosr of Ron Paul, in his campaing for president.

[Buckeyes1647]

How about Paul/Schiff '12?

[tgshark1]

@Buckeyes1647 I would actually like to see Paul/Huntsman 2012, and Schiff can be on the Economic side of Pauls Cabinet.

[KhmerD0g]

he graduated from Bakeley

[newgtguy]

This all goes back to the credit bubble which was 100% engineered by the FED and those who own it.

Our entire 'debt based' system is inherently flawed.

[roseagain2]

You cannot blame this on the free market because we haven't been acting like a free market.

[jlailman]

Why is government full of these pompous morons who know little about economics yet they constantly try to control the marketplace. Ludwig Von Mises' free market economics is the only true economic model that will bring this country out of the abyss. When will people in charge start listening to the Austrian economists like Schiff and Ron Paul?

[icedrumstix]

Act now, think when we're screwed. We're continuing a situation where our entire economy depends on a few companies. All of the companies that supply GM and Ford will still have operating well staffed factories and could keep operating if we just think bigger.

[jlailman]

Peter, you have to slow down and listen to the moron before you rip him to shreds. Reigan was tryting to ask Peter "then how do you justify government bailing out wall street if you dont approve of them bailing out the big three" as though Schiff was for the wall street bailout. I wish Peter would have picked up on that and allowed him the opportunity to ask that question because I know Peter would have gone ballistic. These arrogant govt officials think they can do any damn thing they want.

[icedrumstix]

The US Autos could learn from the PC's, make an "ATX" chassis for electric cars and go from there. Mass produce and Export. Build a competitive market again, break up the monopoly?

[R0BKenyon]

I agree with Peter.

The big 3, wallstreet banks nor the very important opinion of this Senator has the right to further in debit my children via redistributing wealth and bailing out another failure of corporate America.

[icedrumstix]

3:53 "Academic Arguments". I think you're right, there's much better ways we can protect the jobs of all of these people.