Peter Schiff & Steven Keen on SBS Dateline (Australia) - Part 1 of 2

[whereismybailouttv]

An IMF question.

Just heard online that the Irish Govt. is negotiating for a 90 billion Euro loan from the IMF. Since several countries have been bailed out already, how will the IMF sustain their reserves? How much are IMF members required to contribute to the annual budget?

If one member refuses to be part of a bailout, does the entire IMF collapse?

[DerAngriff]

Just a quick one for Intl viewers of this piece. George Negus is an official douche. If you're American, then this dude is known to sneer and play into the typical cliches we have of you. Fat, arrogant, stupid, that U.S military is on par with the German conduct in their War in the East (former USSR/Poland/Balkans). He's the guy that grew up in the 60's and still operates on the video in his mind of My Lai, Helicopter assaults, anti-war movement, Kissinger view of U.S. He's out of touch.

[PNACATTACKdotCOM]

In Socialism, like in Capitalism - CENTRAL BANK is USUALLY owned by STATE - not PRIVATE CORPORATIONS - like PRIVATE BANKS = FED!. FASCISM: FED DEPEDENCY & GREED Capitalists & Fascists caused our ECONOMIC problems with war mongers in this New World Order. Same happened in/before NEUORDNUNG - Versaille treaty to Hyperinflation, US & Britain and Switzerland banks Financing Hitler to power, Monaco helped in Gold etc problems, WWII, Reichstag fire, Operation Himmler,Operation Edelweiss, Case blue...

[PNACATTACKdotCOM]

Actually RIGHT WAY WOULD be to say: WORLD is in crise because of GREED mostly right wingers in USA . And Capitalism NOR Socialism Can't BE in crises - BUT LACK OF SOCIAL/ECONOMICAL RESPONCIBILITY is = BECAUSE: Greed, Unconstitutional Central bank + US Gov/leaders/bankers in absolute corruption named USA where PRIVATE OWNED Central (private & secret onership) bank FED have been 4th Reich Central bank. 1913 Federal reserve Act , FED = FASCISM: a MERGER of State and Corporation power.

[HandyMan101]

@PNACATTACKdotCOM Greed has nothing to do with it.

your totally wrong.

It's the size of government...

the housing crisis would have never happened because banks would not loan to people with no jobs.

you can put the entire thing on government

Business is not in the habbit of taking risk like selling homes to people who can't pay.

the reason they did was because the government told them to

[StatelessEuphoria]

@PNACATTACKdotCOM

The fed was created by government. On an ACTUAL FREE MARKET, there would be no government granted monopoly on money supply.

And just so you know, the top 10% in america tend to be centre-left, not "right wingers".

[PNACATTACKdotCOM]

@StatelessEuphoria "And just so you know, the top 10% in america tend to be centre-left, not "right wingers".According the Scandinavian + European Standarts and moreover according the standarts of left wing principles - they all are right wingers. In US politics and people are so far right now, that they can't even see that.

[BIackOp]

@PNACATTACKdotCOM That example is like one socialist pointing at another saying you aren't wearing enough red. It doesn't mean the former is not a socialist, even if right wing.

[PNACATTACKdotCOM]

@BIackOp "That example is like one socialist pointing at another saying you aren't wearing enough red"

No. Most of top 10% owners of USA are mostly republicans and rest of them are democrates - so they are right wingers. So today they are far right wingers.

[BIackOp]

@PNACATTACKdotCOM That doesn't mean they are not socialists, even if Republican. Ever heard of Corporate Socialism? Its a stage just before the state takes over the means of production. Its still economic interventionism. That top % have privileges from the state aka barriers to entry, bribe the poor, and regulate the middle class to death. Wing fringe ideology is sports team fallacy, especially when its picking the left or the right boot of the state, its still licking the boot.

[s0beit]

@PNACATTACKdotCOM There's nothing "far right wing" about government monopoly and corporate assistance by government. That doesn't mean we should penalize all businesses either, but rather government should be less involved in all kinds of business in general. No assistance, no special interests, nothing. That would be "far right wing".

[PNACATTACKdotCOM]

@StatelessEuphoria - An Example Republican Party (95% of representatives) and Democratic party USA (40% of representatives) today are pure far right wing parties with same goal and principles SS and SA as parties had befpre they came NSDAP - pre-GOPDEM (1-1-2009)

[javierislas91711]

peter is not that smart. the big picture is this; borrow to build houses, ports, roads, buy good cars, build commercial buildings. then default. trash the currency. then manufacture and produce goods at a competitvely low price. then once again we kick ass

[Visfen]

@javierislas91711 Yeah, because hyperinflation brings no problems with it whatsoever.

[KaptainKaka]

@javierislas91711 You really know nothing about economics do you. We will never kick ass as long as fiat currency is in place, and the government continues giving handouts. You have to be independent of the govt and self efficient in order to kick ass. We are too spoiled.