We don't need more jobs-America needs less jobs! It's competition for these jobs that makes the work force better skilled thus allowing employers to grow and prosper. America was built on employment competition-this is what makes us the greatest country ever. I will work with Cantor, Boehner, and Paul Ryan to make sure Obama does not pass a jobs handout (welfare) program in any way, shape or form. God bless the GOP!
When corporate tax rates decline in the 34 OECD member countries, then government revenues decline.
Just Google search: "Corporate Executives Deny 57 million Americans healthcare - by Bill Woollam" I surmise it is an orchestrated scam where International CEOs lobby member nations to lower corp. tax rates. Then, as one member country at a time reduces corporate tax rates, the pressure is put on remaining member countries to lower their corporate rates in order to compete "globally".
The trade deficit is the result of the offshoring of production and reimportation goods by American corporations. The Greek bailout is predicated on draconian austerity measures. You would never know this by listening to this idiot.
@independence4wales Who else? His "moral hazard" neglects to account for the austerity measures Greece is required to implement to receive financial relief. Allowing an economic calamity to unfold in order to remain true to some misguided, simplistic ideology is madness. Bush's massive tax cuts failed to create jobs ( the worst record of any administation) even when the economic meltdown's job losses are excluded from the calculation.
@sidecar771 Hi. About Moral Hazard, I don't know how that is connected to the Austerity measures. The people suffer because of them not the politicians that took the decision. And the politicians that created the problem are long gone and don't feel the effects. About calamity. It would be a wake up call for the people that voted a government in on the promise of big pensions and guaranteed government employment. But of course there is a bigger issue which allowed the whole mess to develop
Small businesses don’t benefit from overvalued to the degree of the Wal-Marts of the world, but the loss of U.S. Jobs and resulting shrinking markets hurt small businesses more. An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
This is NOT a problem caused by GREECE. It is a problem caused by the Goldman Sach Casino Betting gang, who sold worthless junk Hedge Funds and Derivatives to the Greek Government which were worthless. Watch watch what happens to the U.K., Spain, Portugal, Italy, and the U.S. Economy. The BIG News Networks are not telling you the TRUTH. They are SOLD OUT to the Crooks.
A brilliant man(Albert) said one day "I want to know what God knows the rest are details" well because i cant find God i would like to transform that to... I want to know what Henry(Kissinger) knows the rest are details!Games are fucking insane because everyone knew about corruption in Greece but they kept founding a future bankrupt country. My opinion ask Henry!They really need something from that country else they wouldnt get involved clever investors!
So thanks to these crooked ass politicians, leftists think that free trade amongst each other is evil, immoral, and corrupt. This is why we dont need a state in the first place
He absolutely is. As an economist myself, I respect Schiff tremendously for predicting the US tech bubble of the 90's AND the global real estate bubble of the late 2000's very FEW economists can claim his proven record. He has been successful not because he is manipulative, but because he was right. He is one of the few people in the world that can speak authoritatively about the global financial crisis. France, and every other nation would do well to heed his warnings.
He's a arrogant litle twit that thinks he know whats best for you and I. Get ready to vote all of the democrats out in 2010. We need to rein in this little twit and fire Bernanke.
@svengally1 Oh sure blame the democrats. Forget for a moment the fact that under a DEMOCRAT the budget was balanced, and then under a REPUBLICAN, the budget was out of control and the economy smashed to pieces. I'm not democratic sympathizer, they are part of the problem to. But don't exonerate republicans, who are just as responsible, probably more so(because of their evil old boys network and pork barrel spending/stealing). It's a one party system with two factions. The republicans are bad too
@svengally1 I use to believe Obama is a great president for the US. I liked some of his promised changes after Bush. Since I learned about this channel I now know that Obama is just as bad as Bush or even worse. Democrats aren't better than republicans, and people need to realize this. We need real change.
Yep. I hope the damn Congressmen know, that this won't go unnoticed either. We are going to find out the names that voted for this one too. They all go.
freedomfighterone -- Eastern Europe in 1989 went bankrupt ,
I lived there at the time , it was hard , people who lived in cities will pay the highest price , cause they can not live without paper MONEY , people in villages can produce their own food ... Problem is goods will not be available , Store shelves will be empty , IF ever Dollar enters hyperinflation , Remmember Russian and E.European empty shelves in stores , This will happen in USA.
The EU is more socialist, and does not operate the same way as capitalist America. The market share in the EU of Greece and Portugal is very small compared to the US, if it defaults.
Capitalist America? Really. Shoving Billions and Billions of tax payers money into the fat asses of banks is capitalist then? Well, in that case you can keep you capitalism.
thank you lucius. people like michael moore and politicians love to say look what capitalism got us. but it wasn't capitalism that got us there and it wasn't capitalism when we bailed out the banks or auto makers.
No. America is more selfish than socialist Europe. Here, we have national health coverage for all, 30 days paid vacation, after working one year on the job, plus, plus plus. Americans are too busy fighting wars and killing people for the rich bankers who finance them. And now the bankers are raping the American taxpayers again.
That is NOT capitalism. We aren't operating under it right now. The billions and billions of tax payer money being spent is against the will of the people here. And that is NOT capitalism. That's one of the lies being spread all over the world, is that capitalism is failing. Wrong. This socialist design we've adopted here in the US is destroying us.
No fucking kidding man. My anarcho capitalist group had a debate with some socialists locally. One of the soc's was a psychics profressor and he said that AIG WAS AN EXAMPLE OF THE FREE MARKET. This is not capitalism, its state capitalism where thugs buy their way into the national poll of money. If there wasnt a tax pool of money, they couldnt bailout anyone. Fucking rediculous
GET back to your HOLY BIBLE'S, our instruction book, GOD'S WORD! We will not change what's going on, worry about what happens when you die! this life is nothing compared to eternity! worry about what JESUS said, YOU MUST BE BORN AGAIN, TO ENTER INTO THE KINGDOM OF HEAVEN!! he said i'm the way the truth & the life no one come's to the FATHER but through ME!! you don't have to believe that, but that does not make it not so.the LORD is waiting for US TO OPEN OUR EYE'S & EAR'S! GOD BLESS YOU ALL!!!
shut up like no ones heard about jesus, maybe you could go tell that shit to the native americans who are left , yeah jesus said turn the other cheek, give unto caesar the things that are caesars, that really worked during the holocaust didnt it? fuckin fool
Whew!! Its good to know the 'power elite' are still able to stick to the agenda of destroying the world's economy in order to consolidate countries and power. The problem is they just may have bit off more than they can chew.
@TruthAxe...uh...yeah...nice sentiment. The Greeks are responsible. The Portuguese are responsible.
The Americans are responsible - between voting them in, spending it all, and not stopping the spending, we are like OCD Greeks, that can't quit the spending spree...because our beloved Fed keeps giving us blank table checks to write...
Yippee...there is no failure, no crash, no bankruptcy...why, we can just keep spending money forever. Joy....Happy, Happy, Joy, Joy...whatever.
Why don't we just set up another welfare state? It works so well with Haiti. And in the US the feds bail out everyone except those small business and those responsible. We should all just be irresponsible and get paid for it.
Can the USA set up a new shadow company and give them $12 Trillion of electronic money and have them buy our moon rocks for $12 Trillion so we can pay off the debt?
@rjm4013Gold - "Can the USA set up a new shadow company and give them $12 Trillion of electronic money and have them buy our moon rocks for $12 Trillion so we can pay off the debt?"
ANSWER: Yes...they can...so don't say that too loud, Bernanke and Geitner read some of these posts...don't give the idiots any ideas...
Americans always borrowed and paid with juice with more population and less jobs that spells welfare and high taxs for the people who are left working there was a conspiracy Idea to break Americas choke hold on the world and its hear
Wtf are you talking about? Until 2008 the US had an unemployment rate of 5%, if you take into account that the base for unemployment is around 4%-4.6%, meaning that that 4% of people are just in between jobs. So what the hell are you talking about? You sound like an idiot.
Amazing...in 2008, after the elections...the last thing I heard was the Federal Debt (public) was around $8.7 trillion. Not a week ago through AP (news of the Obamatrons), I heard that Bush left office with a $10-T Debt. Interesting how this continuing hole being dug continues to be blamed historically...
Just like being an alcoholic, the first thing you have to do is ADMIT you have a problem. Our nation can't understand - DON'T SPEND IT IF YOU DON'T MAKE IT!!! We will NOT PAY our principle
"From the jewish perspective, I'm a supporter of Israel. From a pubic tax dollar standpoint, Israel is a asset to the united states in a volatile part of the world. From a strategic and military standpoint it makes sense for America to be invovled." - Schiff
"From the jewish perspective, I'm a supporter of Israel. From a pubic tax dollar standpoint, Israel is a asset to the united states in a volatile part of the world. From a strategic and military standpoint it makes sense for America to be invovled."
I suspect after a day like today, Peter will most certainly will be making another dollar/gold/silver/US debt video.
I hate to enjoy the destruction of the dollar so much, but as many know I have been so damn short the dollar and long the commodities (for at least 3 weeks now scaling in), its great see this trading really working out.
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Tighter market regulations improves the overall economy in the longer run as investors no need to fear uncertainties.
Regulations also helps people to save and avoids the disturbing risks banks and other big corporations are taking.
One need to remember that the stimulus was a kickstart while the rescue package was bail-out-laon. If Obama promises to bring back troops from Afghanistan & Iraq, there's a possible scenario where we can see significant cuts in the budget which can lead to balance
@Exhibit You clearly don't know the score. The biggest skull-duggery in the US went on under the largest amount of scrutiny and regulation of any sector - banking and finance. Gov regulation is the last thing that is needed, as it's the thing that has fucked it up the most. You are truly clueless. Why is it still that people think government guarantees are free? Man. No wonder the US is doomed. It's like most of you never went to grade school. Maybe your mom's got tossed around too much by dad
FDR doesn't print new credit. The government simply borrows existing stock of money from Japan, China and S.A. In fact, Japan has over $5 trillion available, and a debt to GDP of ~ 200% yet the economy is still alive. Chinas weak currency helps its economy to grow 10% annualy. People must take action to save. The private sector didn't save, and so the economy collapses. The stimulus was necessary.
Offering low rate money is exactly the same as printing money.
Japans economy has been in the dump for a long time, the NIKKEI is still trading at about 10,000, compare that with the 40,000 it was at in the 80s.
Chinas currency isn't weak, it's been kept undervaled via the dollar peg for a long time. Whats really kept China growing is massive catchup potential.
You are right that people need to save, but why should they when they are being punished for it? How can they when its illegal?
Lower interest rates makes it easier for banks to restart borrowing-efforts, preventing deflation and encourages consumption; but also sends false messages(hence regulations). It does not necessarily increment more money in to the system, but existing money rather stays. Trillions of $ in Japan, China and SA were credit that was in the U.S. in the first place. It was the previous administration that forced banks to extend credit to consumers that didn't afford it, causing saving rates to decline
Private banks are to be blamed for this mess. People can't save when banks promises everything for them - when it does the opposite. That's why tougher regulations are needed against banks. Japan's economy was however overvalued during the 80s,especially manipulated real estate prices created a bubble. Today Japan is much more dynamic. I believe in a free market but there're areas where you have to regulate & deregulate. What actually encouraged japanese to save, was due to regulations.
"China's weak currency does not help the economy grow, idk where you heard that but it wasn't from an economic professor."
Their weak currency is what allows them to export like they do. Export what? Goods. Where do goods come from? People with jobs. So no, their weak currency doesn't help their economy grow in any way whatsoever............................
Currency from what I understand it is merely a representation of a countries overall power and wealth.
As for China's economy it's common knowledge that they are an extremely productive nation. There is a bunch of lies going around by neo-cons mainly who want you to think otherwise.
China is even buying up lots of precious metals and is openly looking to dump U.S treasuries they aren't as stupid as people try to make them out to be.
the oil prices are manipulated high to break china like ussr in the 90s, china is running out of metal to build . but we really dont owe them shit compared to the debt we have to the euro banks. i dont think china is doing as good as they look, their citizens could overrun that country as soon as things went sour
@ 9.10 Schiff says "...they know when they do start increasing interest rates the traditional way,that's going to bancrupt these financial institutions because they can't afford it,that's how bad a shape they're in..." Can anyone explain to me why they will go bankrupt becuase rates rise thanks
sorry still trying to understand this...you say the banks have debts that mature all the time...these are debts of the banks or people that owe money to the banks? if the debts are originated with their clients and rates go up ,won't they just past the rate increases on?
This debt is money the bank owes to someone, usually the FED or other banks.
It's short term loans that mature frequently and then need to be refinanced by taking a new loan.
The debt owed to the banks by normal people is longer-term with fixed rates, so there is a lag in equalizing the rates between the debt the bank hold and the debt they owe.
Very well said, Greece has been terrible with it finances yet it is one of the leading weapons purchasers in the world which is unknown to many people, and for what reason? It will cause a Domino effect for financial problems especially amongst the smaller EU nations and is unfair to the nations trying to do their best. Greece is a fascist country and will now be bankrolled by the EU, what a joke.
EU has been terrible with her finances from the beginning borrowing like crazy. Look at the gdp/debt figures of all euro-zone members. Many exceed and ignore the EU limit of 60%. Even Germany exceeds it and by 2012 it will be 82% of gdp if they keep borrowing at the current rate.
Greece is just the weakest link but Spain is going to prove to be a much bigger problem when they fail and there is nothing that can be done to stop it. No bailout will help.
I usually approve any time taxes are cut...but it appears this time it does nothing at best. Unintended consequences as usual. The proper direction is to elect men like Ron Paul and follow the constitution, but I doubt he will ever get the chance to impliment any of those policies. We are headed for one helluva shit show the next 2 years.
@Motoicon Um. Ron Paul is FAKE! he is the MATRIX for you. He won't even talk about 9/11! There is no Constition, and we are just there tax slaves. They laugh there asses off knowing you think this!
Maybe your right. A this point I have no faith in anyone. But....at one point sound money backed by true assets provided stability. I am curious about why the 911 disconnect occurrs with him since it is obvious they are hiding plenty. The question begs to be asked: What do you believe is the correct path for our country? What should be our method of monetary exchange? What policies should our elected officials follow? Just because Ron Paul doesnt talk about 911, does that make his ideas wrong?
@Motoicon It is called the Vatican Veil. Peter S. works for the Vatican Jesuits, as w/ Ron Paul! Ron is FREEMASON. and PRO-VATICAN! did you not know all this evil is controlled by the Jesuits?
I know that the vatican and the masons have a record of slavery and human misery throughout history, but to claim that RP and PS of being active members who advance their agendas is quite another. If you make such statements at least substantiate your claims with reasonable evidence for our consideration. Also, I would appreciate answers to my questions as well.
@Motoicon We are not free here! we are 14th amendent slaves! come on! ALL. ALL power is controlled by the Jesuits! you can not just change it overnight! they have been working on this NWO since the 1600's. Get rid of Jesuits! like oliver cromwell did! then there was peace in the land agian. Policies? get Protestants in there. Like that is going to happen. ron p. is Pro-Vatican- he helped Ron reagan come on!
@rolexx Expect Peter's Economic Commentary to be watered down with each step he takes towards the US Senate. Just the smell of Capitol Hill transforms the all-knowing into mere idiots ...
You may be correct but your argument is unconvincing due to a lack of substantiation. Explain to me why Ron Paul's position of ending the FED, the IRS and scaling back the government is a bad idea for instance among dozens of specific policy positions. Convince me if your truly knowlegable on this by specifically answering my questions with a well thought out response.
@Motoicon This info is only vital and useful if you do your on research. i can tell you that it start w/ the Jesuits. Go watch Roman Empire Rules Today 1-21. Look into Jesuits yourself. They run Fed. Reserve,U.N.,FBI,CFR,Knights of malta, Illuminati, freemasons on and on! Then once you see there NWO aganda structure, you will put this people like Ron Paul in there place. Remember all roads lead back to Rome. Ron P. was part of John Birtch society(Cathoilc propaganda) too!
I know most of that. My point was about the policies that Ron Paul has always supported which I agree with. Even if he is what you say, does that make the POLICY not worthy? I dont give a shit who is trying to limit government, as long as its achieved. That includes abolishing the IRS, FED, the CIA and many other lettered agencies...ALL which Ron Paul supports vigorously. Just who should take his place? Who among us will stop empire building, the erosion of civil liberties, and on and on? WHO?
if the bill encourages hiring of workers unemployed for 6 months or more, then it creates an artificial Dam which encourages "new fires" to remain on the unemployment for at least 6months! and discourages employers from hiring them for 6 months at least! This is "Libtarded".
it is so good that this is a featured video . if you like what Schiff is talking about or not , it is a good thing to see people thinking .. and hell no the fed should not bailout Greece . but if it gos down that way we would not know any ol way. END THE FED
The usual Peter Schiff flawed premise bullshit. Bailing out Greece wouldn't necessarily send a message that it's ok to be wreckless. And there is a price to be paid for no bailout that could be greater than a bailout.
But blabbering libertarian idiots got the same dumb shit mantra for everything, which is why they are regarded as loons.
LOL! Yeah right, doofus. It's Schiff with the ad hominums, good job of projecting.
Peter Schiff and libertariantards spew out no Greece bailout as a kneejerk reaction for their dogma. The burden is on Schiff to show not bailing out Greece will have better consequences than not. I'm not saying Greece should be bailed out, just that I see good reason for bailing out Greece as preferable to the consequences.
we all know that your delusional liberal fantasy command-control system is coming to an end in the West. Get on with the program libtard! the world has been moving towards freer market for the past 30 years - with it, lifting the greatest number of people from poverty in the history of man kind.
Your delusional liberal fantasy system has been only sustainable by libtards lemmings who blindly worship their harvard deities and economics systems based pseudo
tooltalk...tsk tsk tsk...you really ARE a TOOL and I'm not talking about Tim Allen's sitcom.
So because I do not endorse free-market fundamentalism, you call me a "libtard." Grow up! Free-market fundamentalism is an unattainable fantasy at best & an ideological weapon at worst: no matter what goes wrong as a result of free-market implementation, you ALWAYS have something in government to blame.
The "free market" isn't totally what's lifted people out of poverty. Be honest!
To answer your question, the thing that lifted "billions [of people] out of poverty" certainly was NOT a strict adherence to "free market" principles as envisioned in the sick deluded fantasies of the Chicago & Austrian schools of economics. The thing that lifted billions out of poverty was a HEALTHY BALANCE between market dynamics & heavy investment in the pubic sector.
There is quite a bit written about the Dengist agriculture reform in late 1970s that literally changed China (led by a small group of resisting peasants in Anhui province). Go read Reinventing the bazaar: a natural history of markets By John McMillan p. 94. While at it, go read Elusive Quest for Growth by William Easterly. Then come back.
@tooltalk, the only way a free market fundamentalist's arguments in favor of their own ideology make ANY logical sense in practical terms is IF and ONLY IF that person actively DENIES the role of any non-market forces & market distortions (distortions from that deviate from ideal free market theoreticals) that have contributed to any market's or economy's success.
@LordCharlesBoustany : another logical fallacy - false alternative. I'm not even sure what a fm fundamentalist is - is it like Christian fundies? If I don't subscribe to your version of balance and control, I'm a fundie?
No, I'm interested in a system that works. Nations don't grow and thrive b/c of their great central planners or economic models (though most Chinese still believe it was their wise and benevolent gov't and its brilliant overnight reform that changed the country).
@tooltalk, I've taken economics courses, read Murray Rothbard, was mesmerized by Friedman, etc...the whole Nine Yards. Then I saw reality. Free Market theoreticals are grounded in the theoretical assumption of anarchy, a condition which really cannot be achieved in real-life. A Free Market fundamentalist is somebody whose NARROW definitions of an ideal economy prevent them from seeing the reality
@LordCharlesBoustany : Please don't respond unless you read them. I am not going to waste my time reading your ignorant rambling about free-market or convincing you why you are wrong (as it seems clear that you are more interested in name-calling)
@tooltalk, I'm not the one name-calling. Your arrogant demeanor suggests profound insecurity on your part, but I won't delve any deeper into that.
Another thing, I don't need to have read some crap book YOU are suggesting because I used to be an arrogant anarcho-capitalist jackass just like you! The truth is that Free Market fundamentalism is based on academically defined theoreticals which cannot be implemented practically & FULLY in real-life.
@LordCharlesBoustany : you libtards are hilarious. Nah, I'm pretty open-minded and willing to listen to contrarian arguments against free-market, provided that they are backed by cohesive economical, historical, political ideas.
On the other hand, you, apparently a know-it-all self-proclaimed recovering anarchist [I really don't get your nonsensical labeling here], so far failed to prove that you have any theoretical or practical knowledge of basic economics, much less the economic history
@LordCharlesBoustany : of China (well, you had a full month to research and respond). I even suggested a reading list which highlights the Chinese reform in late 70s' (and related development works by Easterly) I briefly mentioned earlier. You've in turn refused to check them out quite condescendingly b/c you already know everything.
Anarchy means the abolition of social orders and social hierarchies, not the absence of government like these "anarcho"-capitalists want you to believe. Capitalism can't exist without the state, and there's a huge difference between "state" and "government".
juliasafilmbuff123, you're technically right when you say that there's no such thing as "free market anarchy" because that only exists in the theoretical constructs of intellectual idiots like Murray Rothbard, Friedrich von Hayek (Austrian School), and Ayn Rand (pornography for free-market fundamentalists).
HOWEVER, it's VERY important to point out that free market theoreticals are grounded in anarchy to demonstrate how impractical "free-market" policies are in the long run.
tyson from nashhville,peter u say it like it is,i wish people would wake up and see whats really happening around them,instead of living in this fantasy world,like everything will be alright soon,not.i hope u do get in elected to office ,u the man,"lol" o by the way i talked to your guy yesterday in california office yesterday,u got good biz.see ya. tyson from nashville.
Peter, do you think the dollar index and gold have decoupled? It appears the dollar is going up with out any corresponding decrease in the gold price. This should be upsetting to those that hold dollars.
alright, for all you jackasses who masturbate to all these Peter Schiff videos, I've got news for you: the man is a charlatan
Our trade deficit is a problem, but it'snot something that can be fixed by this anarcho-capitalist "libertarian" idiot! He'd fix it by lowering the cost of labor, meaning decreasing American standards of living
It's not just Greece, it's what the EU calls PIIGS: (Portugal, Ireland, Italy, Greece, Spain). NOT OUR problem, though. Abolishing the FED won't fix anything
@LordCharlesBoustany: well, no. Let's phrase that a bit differently: keeping the Fed won't fix anything. We are not going to have any price stability, check inflation in place, or prevent future crises from happening. In fact, if history is any indication, Americans enjoyed much stable price (almost 0% inflation between the Civil war & 1913 vs 90+ since the founding of the Fed in 1913), much quicker crises recovery (the 1921 depression vs the Great Depression by the Fed in late 1920 and 2008)
@tooltalk, how nice! The typical anarcho-Capitalist revisionist lesson in American history concerning the period from the Civil War to 1913. You forgot to mention a couple of different MARKET DISTORTIONS in this period & you also forgot to mention the CONSEQUENCES of having such ideal market conditions for the population as a whole.
First off, labor was cheap due to unfair labor provisions. 2nd , protectionist tariffs were in place protecting American business. 3rd, all this led to muckraking
@LordCharlesBoustany: *yawn* your point being? that having another Great Depression is much preferable to having brief inflation/depressions between the post war era and 1913? Also based on your juvenile liberal logic, losing 95+% of your purchasing power is more desirable than taking a wage-cut? Oh that's right, you libtards don't believe in saving - your so-called Keynesian overlords would inflate and borrow some more to devalue your currency, so why not just spend as fast as you can. Moron.
You mean that dollar I left in my shoe box in 1913 will only buy 5 cents worth of moonshine today? I guess I should have put my money to productive use rather than merely holding onto it for a hundred years.
Yes Peter would have Americans working for $3 hr like the Samoan tuna packers he chastised in another Peter promotional video for not accepting what his New World Order says is the going global slave labor rate.
keep pounding at the REAL issues peter. gotta repeat it over and over so all the mentally challenged progressives get it through their thick skullz! keep up the good work
@larrydallas187 Hi, im Obama and i want to take money from everyone to pay for health care. I also want to give trillions of dollars to my banker buddies.
Keeping Rahm Emanuel as Black house chief of staff is akin to Dubya keeping Saddam Hussienron comtrol of Iraq after their defeat.
Peter do you think this is connected to some Zionist shadow government run by Jewish Oligarchs?
Seeing the Fed and much of Americas financial industry and their accompanying regulatory subsidiaries are controlled by Jews, do you think there's reason to be suspicious?
i respectfully disagree. look at the crash of the 1920's, it was a bigger crash than the 1930s depression but the recovery came in just 6 months because the government didn't resort to stimulus, instead they CUT spending, by over 50%. if obama had cut the federal budget in half there would be massive growth in employment now, instead he keeps on spending, and is creating an even bigger problem down the road. the only 'something' that government should have done was cut spending. (not just taxes)
Amazing video Schiff Please keep up the good work this is amazing. I agree another bad act they pass so many of them it's hard to keep up with them all. It's probably also another way that big companies can LOWER the amount they have to pay like Wal Mart just another example of the how the government in bed with big corporations banks and the private Fed Reserve are royally f****** the s**** out of average everyday American.
a machine alex jones gave him as an x'mas present, that allows him to sense brain waves within a small area - he can use this as a 'psychic sensor' to see if there are government agents around the vicinity trying to do him in and run like hell once there is a red alert.
Nope too late for that! Technology will make it impossible. Iran had a failed revolution and the people were really pushing the revolution. This is unfortunate, Iran just became a nuclear nation today.
Iran has had nuclear capabilities for many years. In point of fact it was US support and encouragement in the 1950's and continuing for 2 decades that aided a burgeoning energy production system based on nuclear physics.
To properly understand the political and economic climate surrounding Iran today one needs to properly understand and interpret the past. A small measure of intellectual integrity goes a long way in such an endeavor.
Yep of course that day was not the exact day that the became a nuclear nation... However it was the day that it was announced to the world that this was the case. February 11. Also Sarah Palin's birthday :O
I'll say it is my belief there's some importance to the dates and that there is meaning to coincidence.
No, most of the world was aware of the relationship btwn the US and Iran and the transfer of technology that began in the 1950's. You are trying to create an incident of some revelation that did not in fact occur.
Believe what you want, but proclaiming things to be true that are obviously false gives not only the appearance of folly but confirms you to be foolish. You might take note that similar techniques didn't work for Sarah Palin either.
Even if this date is properly recognized as the anniversary of some announcement I fail to see any importance to this particular day. It did pass as rather uneventful, which was to be expected.
OK now you probably understand what I'm saying! The Iranian leader just announced they had a nuclear arsenal, (they also tried to hype it up,) they chose to do this on the 31st anniversary.
I'm not such a big fan of Palin, but it is interesting that she really listens and empathizes with , say, the tea party movement. If the American voter is so fed up with big govt., they might feel that Palin is their only choice. She could have a chance at a 2012 election. It's going to be interesting.
I'm no fan of Palin precisely because she neither listens nor understands anyone. That she joined with the neocons in their attempt to hijack leadership and derail or redirect the methods, motivation, and goals of TEA movement is not commendable. Should she take a run at the Presidency I am prepared to ignore her campaign. She clearly demonstrated her willingness to fulfill personal responsibilities when she reneged her responsibilities as Governor of Alaska when it conflicted w/personal goals.
That's very true. Palin is NOT fit for office, but then again neither was Bush. However, the media might put out a spell of spin and hype on Palin over the next few years... You might not believe this , but I saw a Fox News show with Palin in it and they flashed a subliminal message across the screen right b4 they showed her face. (This was b4 she got the Fox News Anchor deal.)
To me Palin will be an extremely interesting story to watch over the next few years... She'll definitely try to run.
Accumulation of earmarks is not something she will always be proud of. It certainly won't earn her brownie points or votes in coming election cycles anymore than her inability to speak fluently about any substantive topics. No doubt she has a loyal following. Let us consider what it is her followers get from her besides feel-good sophism.
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We don't need more jobs-America needs less jobs! It's competition for these jobs that makes the work force better skilled thus allowing employers to grow and prosper. America was built on employment competition-this is what makes us the greatest country ever. I will work with Cantor, Boehner, and Paul Ryan to make sure Obama does not pass a jobs handout (welfare) program in any way, shape or form. God bless the GOP!
GOPkicksbutt 3 months ago
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When corporate tax rates decline in the 34 OECD member countries, then government revenues decline.
Just Google search: "Corporate Executives Deny 57 million Americans healthcare - by Bill Woollam" I surmise it is an orchestrated scam where International CEOs lobby member nations to lower corp. tax rates. Then, as one member country at a time reduces corporate tax rates, the pressure is put on remaining member countries to lower their corporate rates in order to compete "globally".
Chidanandaji 9 months ago
The trade deficit is the result of the offshoring of production and reimportation goods by American corporations. The Greek bailout is predicated on draconian austerity measures. You would never know this by listening to this idiot.
sidecar771 10 months ago
@sidecar771 Are you talking about Schiff?????
independence4wales 8 months ago
@independence4wales Who else? His "moral hazard" neglects to account for the austerity measures Greece is required to implement to receive financial relief. Allowing an economic calamity to unfold in order to remain true to some misguided, simplistic ideology is madness. Bush's massive tax cuts failed to create jobs ( the worst record of any administation) even when the economic meltdown's job losses are excluded from the calculation.
sidecar771 8 months ago
@sidecar771 Hi. About Moral Hazard, I don't know how that is connected to the Austerity measures. The people suffer because of them not the politicians that took the decision. And the politicians that created the problem are long gone and don't feel the effects. About calamity. It would be a wake up call for the people that voted a government in on the promise of big pensions and guaranteed government employment. But of course there is a bigger issue which allowed the whole mess to develop
independence4wales 8 months ago
Fight the power
1001samurais 11 months ago
It’s the Over-valued U.S. Dollar, Stupid!!!
Small businesses don’t benefit from overvalued to the degree of the Wal-Marts of the world, but the loss of U.S. Jobs and resulting shrinking markets hurt small businesses more. An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
democrats.waysandmeans.house.gov/media/pdf/111/2010Sept15_Campbell_Submission.pdf
soups347 11 months ago
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GREEKS HAVE SMALL PACKAGES
dexameron 11 months ago
If anyone is interested in making money online and have 3 minutes a day free time then check yourneobuxptc . com
yourneobuxptc 1 year ago
i'm definitely with this guy on the Greek issue …
RadoDani 1 year ago
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Obasiliasfilosofos 1 year ago
@Obasiliasfilosofos … what are you talking about … Israel? other countries being hostile to Greece??? who??? Turkey?? "enlighten" us …
RadoDani 1 year ago
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Obasiliasfilosofos 1 year ago
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This is NOT a problem caused by GREECE. It is a problem caused by the Goldman Sach Casino Betting gang, who sold worthless junk Hedge Funds and Derivatives to the Greek Government which were worthless. Watch watch what happens to the U.K., Spain, Portugal, Italy, and the U.S. Economy. The BIG News Networks are not telling you the TRUTH. They are SOLD OUT to the Crooks.
JKoulouris 1 year ago
Search for
"MARC FABER MADNESS"
eliasmouawad 1 year ago
A brilliant man(Albert) said one day "I want to know what God knows the rest are details" well because i cant find God i would like to transform that to... I want to know what Henry(Kissinger) knows the rest are details!Games are fucking insane because everyone knew about corruption in Greece but they kept founding a future bankrupt country. My opinion ask Henry!They really need something from that country else they wouldnt get involved clever investors!
fusionpwr 1 year ago
Peter has my vote! Along with Ron Paul!!!
Riddlerx333x 1 year ago
So thanks to these crooked ass politicians, leftists think that free trade amongst each other is evil, immoral, and corrupt. This is why we dont need a state in the first place
chorizo1337 1 year ago
-4? well because I'm french?
FrederickNetwork 1 year ago
This comment has received too many negative votes show
Is it qualified to talk about deficit? Who he thinks he is?
FrederickNetwork 1 year ago
He absolutely is. As an economist myself, I respect Schiff tremendously for predicting the US tech bubble of the 90's AND the global real estate bubble of the late 2000's very FEW economists can claim his proven record. He has been successful not because he is manipulative, but because he was right. He is one of the few people in the world that can speak authoritatively about the global financial crisis. France, and every other nation would do well to heed his warnings.
bobjman 1 year ago 6
I mean can you believe this Obama guy.
He's a arrogant litle twit that thinks he know whats best for you and I. Get ready to vote all of the democrats out in 2010. We need to rein in this little twit and fire Bernanke.
svengally1 1 year ago 6
@svengally1 Oh sure blame the democrats. Forget for a moment the fact that under a DEMOCRAT the budget was balanced, and then under a REPUBLICAN, the budget was out of control and the economy smashed to pieces. I'm not democratic sympathizer, they are part of the problem to. But don't exonerate republicans, who are just as responsible, probably more so(because of their evil old boys network and pork barrel spending/stealing). It's a one party system with two factions. The republicans are bad too
Digali 1 year ago
@svengally1 I use to believe Obama is a great president for the US. I liked some of his promised changes after Bush. Since I learned about this channel I now know that Obama is just as bad as Bush or even worse. Democrats aren't better than republicans, and people need to realize this. We need real change.
TWSceptic 1 month ago
Job bill-just another way Gov. gets in the way
gooseCha 1 year ago 2
Yep. I hope the damn Congressmen know, that this won't go unnoticed either. We are going to find out the names that voted for this one too. They all go.
pfizzbones 1 year ago
freedomfighterone -- Eastern Europe in 1989 went bankrupt ,
I lived there at the time , it was hard , people who lived in cities will pay the highest price , cause they can not live without paper MONEY , people in villages can produce their own food ... Problem is goods will not be available , Store shelves will be empty , IF ever Dollar enters hyperinflation , Remmember Russian and E.European empty shelves in stores , This will happen in USA.
aviomaster 1 year ago
The EU is more socialist, and does not operate the same way as capitalist America. The market share in the EU of Greece and Portugal is very small compared to the US, if it defaults.
freedomfighterone 1 year ago
Capitalist America? Really. Shoving Billions and Billions of tax payers money into the fat asses of banks is capitalist then? Well, in that case you can keep you capitalism.
lucius1976 1 year ago
thank you lucius. people like michael moore and politicians love to say look what capitalism got us. but it wasn't capitalism that got us there and it wasn't capitalism when we bailed out the banks or auto makers.
umrmecheman 1 year ago 2
No. America is more selfish than socialist Europe. Here, we have national health coverage for all, 30 days paid vacation, after working one year on the job, plus, plus plus. Americans are too busy fighting wars and killing people for the rich bankers who finance them. And now the bankers are raping the American taxpayers again.
freedomfighterone 1 year ago
That is NOT capitalism. We aren't operating under it right now. The billions and billions of tax payer money being spent is against the will of the people here. And that is NOT capitalism. That's one of the lies being spread all over the world, is that capitalism is failing. Wrong. This socialist design we've adopted here in the US is destroying us.
pfizzbones 1 year ago
No fucking kidding man. My anarcho capitalist group had a debate with some socialists locally. One of the soc's was a psychics profressor and he said that AIG WAS AN EXAMPLE OF THE FREE MARKET. This is not capitalism, its state capitalism where thugs buy their way into the national poll of money. If there wasnt a tax pool of money, they couldnt bailout anyone. Fucking rediculous
chorizo1337 1 year ago
@pfizzbones Search for
"DEBT SCARY COMPARISONS"
eliasmouawad 1 year ago
Don't buy any foreign produced products!
justaoldslave 1 year ago
Dont buy any government bonds!
justaoldslave 1 year ago 2
GET back to your HOLY BIBLE'S, our instruction book, GOD'S WORD! We will not change what's going on, worry about what happens when you die! this life is nothing compared to eternity! worry about what JESUS said, YOU MUST BE BORN AGAIN, TO ENTER INTO THE KINGDOM OF HEAVEN!! he said i'm the way the truth & the life no one come's to the FATHER but through ME!! you don't have to believe that, but that does not make it not so.the LORD is waiting for US TO OPEN OUR EYE'S & EAR'S! GOD BLESS YOU ALL!!!
lexus449 1 year ago
shut up like no ones heard about jesus, maybe you could go tell that shit to the native americans who are left , yeah jesus said turn the other cheek, give unto caesar the things that are caesars, that really worked during the holocaust didnt it? fuckin fool
D1E5ECT 1 year ago
Whew!! Its good to know the 'power elite' are still able to stick to the agenda of destroying the world's economy in order to consolidate countries and power. The problem is they just may have bit off more than they can chew.
swizzlecheeks 1 year ago
Greece is a name. Greece can't act. Only men can act.
Greeks alone are to blame. Say "Greeks are irresponsible". Say "The Portuguese are irresponsible."
TruthAxe 1 year ago
@TruthAxe...uh...yeah...nice sentiment. The Greeks are responsible. The Portuguese are responsible.
The Americans are responsible - between voting them in, spending it all, and not stopping the spending, we are like OCD Greeks, that can't quit the spending spree...because our beloved Fed keeps giving us blank table checks to write...
Yippee...there is no failure, no crash, no bankruptcy...why, we can just keep spending money forever. Joy....Happy, Happy, Joy, Joy...whatever.
mountaindweller44 1 year ago
@TruthAxe But Americans take the cake!
sidecar771 8 months ago
Why don't we just set up another welfare state? It works so well with Haiti. And in the US the feds bail out everyone except those small business and those responsible. We should all just be irresponsible and get paid for it.
KrunchMonster1 1 year ago
Can the USA set up a new shadow company and give them $12 Trillion of electronic money and have them buy our moon rocks for $12 Trillion so we can pay off the debt?
rjm4013Gold 1 year ago
@rjm4013Gold - "Can the USA set up a new shadow company and give them $12 Trillion of electronic money and have them buy our moon rocks for $12 Trillion so we can pay off the debt?"
ANSWER: Yes...they can...so don't say that too loud, Bernanke and Geitner read some of these posts...don't give the idiots any ideas...
mountaindweller44 1 year ago 2
Americans always borrowed and paid with juice with more population and less jobs that spells welfare and high taxs for the people who are left working there was a conspiracy Idea to break Americas choke hold on the world and its hear
Crucafixxx 1 year ago
Wtf are you talking about? Until 2008 the US had an unemployment rate of 5%, if you take into account that the base for unemployment is around 4%-4.6%, meaning that that 4% of people are just in between jobs. So what the hell are you talking about? You sound like an idiot.
turok4lyfe 1 year ago
Amazing...in 2008, after the elections...the last thing I heard was the Federal Debt (public) was around $8.7 trillion. Not a week ago through AP (news of the Obamatrons), I heard that Bush left office with a $10-T Debt. Interesting how this continuing hole being dug continues to be blamed historically...
Just like being an alcoholic, the first thing you have to do is ADMIT you have a problem. Our nation can't understand - DON'T SPEND IT IF YOU DON'T MAKE IT!!! We will NOT PAY our principle
mountaindweller44 1 year ago 2
I'm looking to you Mr. Schiff
bertcogswell 1 year ago
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Please watch my video
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fridaysabtu 1 year ago
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"From the jewish perspective, I'm a supporter of Israel. From a pubic tax dollar standpoint, Israel is a asset to the united states in a volatile part of the world. From a strategic and military standpoint it makes sense for America to be invovled." - Schiff
t2673 1 year ago
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DON'T VOTE FOR SCHIFF! He is a zionist neocon!
"From the jewish perspective, I'm a supporter of Israel. From a pubic tax dollar standpoint, Israel is a asset to the united states in a volatile part of the world. From a strategic and military standpoint it makes sense for America to be invovled."
t2673 1 year ago
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t2673 1 year ago
Go Greece!!!
Nicholasmegalis 1 year ago
I suspect after a day like today, Peter will most certainly will be making another dollar/gold/silver/US debt video.
I hate to enjoy the destruction of the dollar so much, but as many know I have been so damn short the dollar and long the commodities (for at least 3 weeks now scaling in), its great see this trading really working out.
mcdonaldscalling21 1 year ago
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ephedradiet 1 year ago
Tighter market regulations improves the overall economy in the longer run as investors no need to fear uncertainties.
Regulations also helps people to save and avoids the disturbing risks banks and other big corporations are taking.
One need to remember that the stimulus was a kickstart while the rescue package was bail-out-laon. If Obama promises to bring back troops from Afghanistan & Iraq, there's a possible scenario where we can see significant cuts in the budget which can lead to balance
ExhibitMan 1 year ago
@Exhibit You clearly don't know the score. The biggest skull-duggery in the US went on under the largest amount of scrutiny and regulation of any sector - banking and finance. Gov regulation is the last thing that is needed, as it's the thing that has fucked it up the most. You are truly clueless. Why is it still that people think government guarantees are free? Man. No wonder the US is doomed. It's like most of you never went to grade school. Maybe your mom's got tossed around too much by dad
mcdonaldscalling21 1 year ago
FDR doesn't print new credit. The government simply borrows existing stock of money from Japan, China and S.A. In fact, Japan has over $5 trillion available, and a debt to GDP of ~ 200% yet the economy is still alive. Chinas weak currency helps its economy to grow 10% annualy. People must take action to save. The private sector didn't save, and so the economy collapses. The stimulus was necessary.
ExhibitMan 1 year ago
Offering low rate money is exactly the same as printing money.
Japans economy has been in the dump for a long time, the NIKKEI is still trading at about 10,000, compare that with the 40,000 it was at in the 80s.
Chinas currency isn't weak, it's been kept undervaled via the dollar peg for a long time. Whats really kept China growing is massive catchup potential.
You are right that people need to save, but why should they when they are being punished for it? How can they when its illegal?
lolongo 1 year ago
Lower interest rates makes it easier for banks to restart borrowing-efforts, preventing deflation and encourages consumption; but also sends false messages(hence regulations). It does not necessarily increment more money in to the system, but existing money rather stays. Trillions of $ in Japan, China and SA were credit that was in the U.S. in the first place. It was the previous administration that forced banks to extend credit to consumers that didn't afford it, causing saving rates to decline
ExhibitMan 1 year ago
Private banks are to be blamed for this mess. People can't save when banks promises everything for them - when it does the opposite. That's why tougher regulations are needed against banks. Japan's economy was however overvalued during the 80s,especially manipulated real estate prices created a bubble. Today Japan is much more dynamic. I believe in a free market but there're areas where you have to regulate & deregulate. What actually encouraged japanese to save, was due to regulations.
ExhibitMan 1 year ago
China's weak currency does not help the economy grow, idk where you heard that but it wasn't from an economic professor.
turok4lyfe 1 year ago
Why do you suppose the Chinese keep their currency devalued ?
thruid3 1 year ago
@turok4lyfe
"China's weak currency does not help the economy grow, idk where you heard that but it wasn't from an economic professor."
Their weak currency is what allows them to export like they do. Export what? Goods. Where do goods come from? People with jobs. So no, their weak currency doesn't help their economy grow in any way whatsoever............................
JojahBoy 1 year ago
Currency from what I understand it is merely a representation of a countries overall power and wealth.
As for China's economy it's common knowledge that they are an extremely productive nation. There is a bunch of lies going around by neo-cons mainly who want you to think otherwise.
China is even buying up lots of precious metals and is openly looking to dump U.S treasuries they aren't as stupid as people try to make them out to be.
Lethn 1 year ago
the oil prices are manipulated high to break china like ussr in the 90s, china is running out of metal to build . but we really dont owe them shit compared to the debt we have to the euro banks. i dont think china is doing as good as they look, their citizens could overrun that country as soon as things went sour
D1E5ECT 1 year ago
Peter shit! Vatican Gatekeeper!
mattandpatti222 1 year ago
Thanks bush Schiff Report!
hilololomoa 1 year ago
@ 9.10 Schiff says "...they know when they do start increasing interest rates the traditional way,that's going to bancrupt these financial institutions because they can't afford it,that's how bad a shape they're in..." Can anyone explain to me why they will go bankrupt becuase rates rise thanks
MEXBOL 1 year ago
Banks have debt maturing all the time, this needs to be refinanced.
If the rates go up, they wont be able to afford the refinancing and many will go bankrupt.
lolongo 1 year ago
sorry still trying to understand this...you say the banks have debts that mature all the time...these are debts of the banks or people that owe money to the banks? if the debts are originated with their clients and rates go up ,won't they just past the rate increases on?
MEXBOL 1 year ago
This debt is money the bank owes to someone, usually the FED or other banks.
It's short term loans that mature frequently and then need to be refinanced by taking a new loan.
The debt owed to the banks by normal people is longer-term with fixed rates, so there is a lag in equalizing the rates between the debt the bank hold and the debt they owe.
lolongo 1 year ago
lolongo many , many thanks for the explaination
MEXBOL 1 year ago
I think we should support all tax cuts, though some tax cuts deserve less support than others. ;)
tinosnit 1 year ago
Very well said, Greece has been terrible with it finances yet it is one of the leading weapons purchasers in the world which is unknown to many people, and for what reason? It will cause a Domino effect for financial problems especially amongst the smaller EU nations and is unfair to the nations trying to do their best. Greece is a fascist country and will now be bankrolled by the EU, what a joke.
oliboz 1 year ago
the Greeks do the dirty job of the federal reserve...we have to survive and feed our families you know!
fazholio 1 year ago
EU has been terrible with her finances from the beginning borrowing like crazy. Look at the gdp/debt figures of all euro-zone members. Many exceed and ignore the EU limit of 60%. Even Germany exceeds it and by 2012 it will be 82% of gdp if they keep borrowing at the current rate.
Greece is just the weakest link but Spain is going to prove to be a much bigger problem when they fail and there is nothing that can be done to stop it. No bailout will help.
Commodorian 1 year ago
Tell your congressman to support HR 450 "The Enumerated Powers Act". The Cure is to Ignore!
iannetta11 1 year ago 2
The Communese need to let their currency rise.
baigandine 1 year ago
I usually approve any time taxes are cut...but it appears this time it does nothing at best. Unintended consequences as usual. The proper direction is to elect men like Ron Paul and follow the constitution, but I doubt he will ever get the chance to impliment any of those policies. We are headed for one helluva shit show the next 2 years.
Motoicon 1 year ago 2
@Motoicon Um. Ron Paul is FAKE! he is the MATRIX for you. He won't even talk about 9/11! There is no Constition, and we are just there tax slaves. They laugh there asses off knowing you think this!
mattandpatti222 1 year ago
Maybe your right. A this point I have no faith in anyone. But....at one point sound money backed by true assets provided stability. I am curious about why the 911 disconnect occurrs with him since it is obvious they are hiding plenty. The question begs to be asked: What do you believe is the correct path for our country? What should be our method of monetary exchange? What policies should our elected officials follow? Just because Ron Paul doesnt talk about 911, does that make his ideas wrong?
Motoicon 1 year ago
@Motoicon It is called the Vatican Veil. Peter S. works for the Vatican Jesuits, as w/ Ron Paul! Ron is FREEMASON. and PRO-VATICAN! did you not know all this evil is controlled by the Jesuits?
mattandpatti222 1 year ago
I know that the vatican and the masons have a record of slavery and human misery throughout history, but to claim that RP and PS of being active members who advance their agendas is quite another. If you make such statements at least substantiate your claims with reasonable evidence for our consideration. Also, I would appreciate answers to my questions as well.
Motoicon 1 year ago
@Motoicon We are not free here! we are 14th amendent slaves! come on! ALL. ALL power is controlled by the Jesuits! you can not just change it overnight! they have been working on this NWO since the 1600's. Get rid of Jesuits! like oliver cromwell did! then there was peace in the land agian. Policies? get Protestants in there. Like that is going to happen. ron p. is Pro-Vatican- he helped Ron reagan come on!
mattandpatti222 1 year ago
Peter it has been 5 days and we NEED an update. Where the hell are you???
rolexx 1 year ago
@rolexx Expect Peter's Economic Commentary to be watered down with each step he takes towards the US Senate. Just the smell of Capitol Hill transforms the all-knowing into mere idiots ...
Terral03 1 year ago
You may be correct but your argument is unconvincing due to a lack of substantiation. Explain to me why Ron Paul's position of ending the FED, the IRS and scaling back the government is a bad idea for instance among dozens of specific policy positions. Convince me if your truly knowlegable on this by specifically answering my questions with a well thought out response.
Motoicon 1 year ago
@Motoicon This info is only vital and useful if you do your on research. i can tell you that it start w/ the Jesuits. Go watch Roman Empire Rules Today 1-21. Look into Jesuits yourself. They run Fed. Reserve,U.N.,FBI,CFR,Knights of malta, Illuminati, freemasons on and on! Then once you see there NWO aganda structure, you will put this people like Ron Paul in there place. Remember all roads lead back to Rome. Ron P. was part of John Birtch society(Cathoilc propaganda) too!
mattandpatti222 1 year ago
I know most of that. My point was about the policies that Ron Paul has always supported which I agree with. Even if he is what you say, does that make the POLICY not worthy? I dont give a shit who is trying to limit government, as long as its achieved. That includes abolishing the IRS, FED, the CIA and many other lettered agencies...ALL which Ron Paul supports vigorously. Just who should take his place? Who among us will stop empire building, the erosion of civil liberties, and on and on? WHO?
Motoicon 1 year ago
This is a typical legislative slight of hand,
if the bill encourages hiring of workers unemployed for 6 months or more, then it creates an artificial Dam which encourages "new fires" to remain on the unemployment for at least 6months! and discourages employers from hiring them for 6 months at least! This is "Libtarded".
PoorMansPlato 1 year ago
To paraphrase the Blackeyed Peas,
Sarah Palin is "'im so 2008 your so 2000 and late' " well, it's 2010 and she's already late again! Dr. Ron Paul 2012!
PoorMansPlato 1 year ago
it is so good that this is a featured video . if you like what Schiff is talking about or not , it is a good thing to see people thinking .. and hell no the fed should not bailout Greece . but if it gos down that way we would not know any ol way. END THE FED
kixdirtsevin 1 year ago
Unions in Greece were protesting in the street while the E U was talking about loaning them more money....lol
Good for Germany just say no.......
IWashMyOwnBrain 1 year ago
Why does Peter start these video's with such a deep voice? lol.
Epic878787 1 year ago
The usual Peter Schiff flawed premise bullshit. Bailing out Greece wouldn't necessarily send a message that it's ok to be wreckless. And there is a price to be paid for no bailout that could be greater than a bailout.
But blabbering libertarian idiots got the same dumb shit mantra for everything, which is why they are regarded as loons.
robertmike57 1 year ago
ad hominem after ad hominem, lowest form of argument broooooooooooooski. But then again, what is there to expect from a moron?
ZackServo 1 year ago
@ZackServo
LOL! Yeah right, doofus. It's Schiff with the ad hominums, good job of projecting.
Peter Schiff and libertariantards spew out no Greece bailout as a kneejerk reaction for their dogma. The burden is on Schiff to show not bailing out Greece will have better consequences than not. I'm not saying Greece should be bailed out, just that I see good reason for bailing out Greece as preferable to the consequences.
robertmike57 1 year ago
this guy is joke
cazyblood3 1 year ago
Peter
If being anti- bailout is frowned upon as being antisemitic
does that make you a self hating Jew or just a very good gold salesman?
brotherjupiter 1 year ago
Bailouts damage all. They accomplish the exact opposite of what they set out to.
pismo10 1 year ago
I do not agree with your points.Why dont you talk about the 2.3 trillion debt of italy?
ah come on...pff
denmis23 1 year ago
Good point about not bailing out Greece, but we have the same situation with California. So what's the solution?
1beinki 1 year ago
Brilliant analysis. Gov't ensuring workers are unemployed for at least 2 mos, providing incentives to firing people.
jabberwocky1969 1 year ago
Ron Paul for FREEDOM!
jcNOVA88 1 year ago
@jcNOVA88 ...
Ron Paul for delusional fantasies of free market anarchy based on theoretical academic constructs that can never be achieved in reality...
Peter Schiff is just a charlatan...
LordCharlesBoustany 1 year ago
@LordCharlesBoustany : tsk, tsk, tsk
we all know that your delusional liberal fantasy command-control system is coming to an end in the West. Get on with the program libtard! the world has been moving towards freer market for the past 30 years - with it, lifting the greatest number of people from poverty in the history of man kind.
Your delusional liberal fantasy system has been only sustainable by libtards lemmings who blindly worship their harvard deities and economics systems based pseudo
tooltalk 1 year ago
tooltalk...tsk tsk tsk...you really ARE a TOOL and I'm not talking about Tim Allen's sitcom.
So because I do not endorse free-market fundamentalism, you call me a "libtard." Grow up! Free-market fundamentalism is an unattainable fantasy at best & an ideological weapon at worst: no matter what goes wrong as a result of free-market implementation, you ALWAYS have something in government to blame.
The "free market" isn't totally what's lifted people out of poverty. Be honest!
LordCharlesBoustany 1 year ago
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tooltalk 1 year ago
@LordCharlesBoustany: *sigh* what then lifted billions out of poverty LCB?
tooltalk 1 year ago
@tooltalk... *sigh*
You're a free-market fundamentalist.
To answer your question, the thing that lifted "billions [of people] out of poverty" certainly was NOT a strict adherence to "free market" principles as envisioned in the sick deluded fantasies of the Chicago & Austrian schools of economics. The thing that lifted billions out of poverty was a HEALTHY BALANCE between market dynamics & heavy investment in the pubic sector.
LordCharlesBoustany 1 year ago
@LordCharlesBoustany : ooioooookay, what is the basis of your claim?
There is quite a bit written about the Dengist agriculture reform in late 1970s that literally changed China (led by a small group of resisting peasants in Anhui province). Go read Reinventing the bazaar: a natural history of markets By John McMillan p. 94. While at it, go read Elusive Quest for Growth by William Easterly. Then come back.
tooltalk 1 year ago
@tooltalk, the only way a free market fundamentalist's arguments in favor of their own ideology make ANY logical sense in practical terms is IF and ONLY IF that person actively DENIES the role of any non-market forces & market distortions (distortions from that deviate from ideal free market theoreticals) that have contributed to any market's or economy's success.
LordCharlesBoustany 1 year ago
@LordCharlesBoustany : another logical fallacy - false alternative. I'm not even sure what a fm fundamentalist is - is it like Christian fundies? If I don't subscribe to your version of balance and control, I'm a fundie?
No, I'm interested in a system that works. Nations don't grow and thrive b/c of their great central planners or economic models (though most Chinese still believe it was their wise and benevolent gov't and its brilliant overnight reform that changed the country).
tooltalk 1 year ago
@tooltalk, I've taken economics courses, read Murray Rothbard, was mesmerized by Friedman, etc...the whole Nine Yards. Then I saw reality. Free Market theoreticals are grounded in the theoretical assumption of anarchy, a condition which really cannot be achieved in real-life. A Free Market fundamentalist is somebody whose NARROW definitions of an ideal economy prevent them from seeing the reality
LordCharlesBoustany 1 year ago
@LordCharlesBoustany : Please don't respond unless you read them. I am not going to waste my time reading your ignorant rambling about free-market or convincing you why you are wrong (as it seems clear that you are more interested in name-calling)
tooltalk 1 year ago
@tooltalk, I'm not the one name-calling. Your arrogant demeanor suggests profound insecurity on your part, but I won't delve any deeper into that.
Another thing, I don't need to have read some crap book YOU are suggesting because I used to be an arrogant anarcho-capitalist jackass just like you! The truth is that Free Market fundamentalism is based on academically defined theoreticals which cannot be implemented practically & FULLY in real-life.
LordCharlesBoustany 1 year ago
@LordCharlesBoustany : you libtards are hilarious. Nah, I'm pretty open-minded and willing to listen to contrarian arguments against free-market, provided that they are backed by cohesive economical, historical, political ideas.
On the other hand, you, apparently a know-it-all self-proclaimed recovering anarchist [I really don't get your nonsensical labeling here], so far failed to prove that you have any theoretical or practical knowledge of basic economics, much less the economic history
tooltalk 1 year ago
@LordCharlesBoustany : of China (well, you had a full month to research and respond). I even suggested a reading list which highlights the Chinese reform in late 70s' (and related development works by Easterly) I briefly mentioned earlier. You've in turn refused to check them out quite condescendingly b/c you already know everything.
So who's arrogant here?
tooltalk 1 year ago
@LordCharlesBoustany: sciences of swindlers like Keynes, Samuelson, etc.
tooltalk 1 year ago
@LordCharlesBoustany There's no such thing as "free market anarchy".
Anarchy means the abolition of social orders and social hierarchies, not the absence of government like these "anarcho"-capitalists want you to believe. Capitalism can't exist without the state, and there's a huge difference between "state" and "government".
juliaisafilmbuff123 1 year ago
juliasafilmbuff123, you're technically right when you say that there's no such thing as "free market anarchy" because that only exists in the theoretical constructs of intellectual idiots like Murray Rothbard, Friedrich von Hayek (Austrian School), and Ayn Rand (pornography for free-market fundamentalists).
HOWEVER, it's VERY important to point out that free market theoreticals are grounded in anarchy to demonstrate how impractical "free-market" policies are in the long run.
LordCharlesBoustany 1 year ago
look at the name of the person who said that awful thing a bout Ron Paul his handle is (Lord CharlesBousany) sounds like the name of a banker to me
I'm voting for Ron Paul I only wish that I knew about him in 2008 I got like 20 people to vote for Mccain when the votes could have gone to Paul
jhunted7667 1 year ago
@jhunted7667 Ron Paul isn't running in 2012. If he does he would be the oldest person in history to run for president at 77.
juliaisafilmbuff123 1 year ago
Hey Peter
Just got off the phone with my mother my 72 year old fatherinlaw just had a heart attack.
Gave him a battery of tests and shipped him down to Victoria for some coronary surgery.
Not once did the thought of medical bills cross our minds
or moms financial security should things take a turn for the worse.
Canada's socialist health care system sure sucks hey!
brotherjupiter 1 year ago
Do all the commonwealth countries have a similar system?
knau1234 1 year ago
someone just had a heart-attack and your first instinct is to come on here and comment about national healthcare? Nice try.
mcompany97 1 year ago 2
@brotherjupiter
Who cares?
kegfreak 1 year ago
tyson from nashhville,peter u say it like it is,i wish people would wake up and see whats really happening around them,instead of living in this fantasy world,like everything will be alright soon,not.i hope u do get in elected to office ,u the man,"lol" o by the way i talked to your guy yesterday in california office yesterday,u got good biz.see ya. tyson from nashville.
nashvilletyson 1 year ago
Peter, do you think the dollar index and gold have decoupled? It appears the dollar is going up with out any corresponding decrease in the gold price. This should be upsetting to those that hold dollars.
dchoker000 1 year ago
alright, for all you jackasses who masturbate to all these Peter Schiff videos, I've got news for you: the man is a charlatan
Our trade deficit is a problem, but it'snot something that can be fixed by this anarcho-capitalist "libertarian" idiot! He'd fix it by lowering the cost of labor, meaning decreasing American standards of living
It's not just Greece, it's what the EU calls PIIGS: (Portugal, Ireland, Italy, Greece, Spain). NOT OUR problem, though. Abolishing the FED won't fix anything
LordCharlesBoustany 1 year ago
lol...Ok will listen to you...lol....go watch TV you SHEEP!!!!
petiemac12 1 year ago
@LordCharlesBoustany: well, no. Let's phrase that a bit differently: keeping the Fed won't fix anything. We are not going to have any price stability, check inflation in place, or prevent future crises from happening. In fact, if history is any indication, Americans enjoyed much stable price (almost 0% inflation between the Civil war & 1913 vs 90+ since the founding of the Fed in 1913), much quicker crises recovery (the 1921 depression vs the Great Depression by the Fed in late 1920 and 2008)
tooltalk 1 year ago
@tooltalk, how nice! The typical anarcho-Capitalist revisionist lesson in American history concerning the period from the Civil War to 1913. You forgot to mention a couple of different MARKET DISTORTIONS in this period & you also forgot to mention the CONSEQUENCES of having such ideal market conditions for the population as a whole.
First off, labor was cheap due to unfair labor provisions. 2nd , protectionist tariffs were in place protecting American business. 3rd, all this led to muckraking
LordCharlesBoustany 1 year ago
@LordCharlesBoustany: *yawn* your point being? that having another Great Depression is much preferable to having brief inflation/depressions between the post war era and 1913? Also based on your juvenile liberal logic, losing 95+% of your purchasing power is more desirable than taking a wage-cut? Oh that's right, you libtards don't believe in saving - your so-called Keynesian overlords would inflate and borrow some more to devalue your currency, so why not just spend as fast as you can. Moron.
tooltalk 1 year ago
You mean that dollar I left in my shoe box in 1913 will only buy 5 cents worth of moonshine today? I guess I should have put my money to productive use rather than merely holding onto it for a hundred years.
baigandine 1 year ago 2
Lord Charles
LOL!
Yes Peter would have Americans working for $3 hr like the Samoan tuna packers he chastised in another Peter promotional video for not accepting what his New World Order says is the going global slave labor rate.
brotherjupiter 1 year ago
if Greece goes bankrupt and alot of poor people loose their jobs home etc...that is also an in human moral hazard.
yourcamden 1 year ago
This comment has received too many negative votes show
Hi, I'm Peter Schiff and I sound like a broken record.
larrydallas187 1 year ago
keep pounding at the REAL issues peter. gotta repeat it over and over so all the mentally challenged progressives get it through their thick skullz! keep up the good work
treez78 1 year ago
@larrydallas187 Hi, im Obama and i want to take money from everyone to pay for health care. I also want to give trillions of dollars to my banker buddies.
peilthetraveler 1 year ago
Im Canadian...but Obama is definitely sleeping on his watch.
larrydallas187 1 year ago
lol....Go praise the TV SHEEP
petiemac12 1 year ago
Keeping Rahm Emanuel as Black house chief of staff is akin to Dubya keeping Saddam Hussienron comtrol of Iraq after their defeat.
Peter do you think this is connected to some Zionist shadow government run by Jewish Oligarchs?
Seeing the Fed and much of Americas financial industry and their accompanying regulatory subsidiaries are controlled by Jews, do you think there's reason to be suspicious?
Happy Valentines day Peter ; ).
brotherjupiter 1 year ago
keep them coming Peter
express375 1 year ago 2
when peter is on TV he has to take these serious issues with jest because the TV pundits laugh at him and his warnings
BUT in the senate he can let loose and absolutely slaughter them with his sense, i cant wait!!!!!
fox20012 1 year ago
All very macro long term stuff, could take months, could take decades for the dollar to collapse.
pismo10 1 year ago
It seems like no matter what DC does, it hurts the little guy the most.
katiatomsk 1 year ago
trojan horse of our times only greece being siege...
sharkbaitt 1 year ago
no, thank you for today!
NewEraRevolution 1 year ago
i respectfully disagree. look at the crash of the 1920's, it was a bigger crash than the 1930s depression but the recovery came in just 6 months because the government didn't resort to stimulus, instead they CUT spending, by over 50%. if obama had cut the federal budget in half there would be massive growth in employment now, instead he keeps on spending, and is creating an even bigger problem down the road. the only 'something' that government should have done was cut spending. (not just taxes)
DaveC86 1 year ago
Amazing video Schiff Please keep up the good work this is amazing. I agree another bad act they pass so many of them it's hard to keep up with them all. It's probably also another way that big companies can LOWER the amount they have to pay like Wal Mart just another example of the how the government in bed with big corporations banks and the private Fed Reserve are royally f****** the s**** out of average everyday American.
longhairsRcool 1 year ago
thats what they are doing where i work. They are firing people left and right, even if you blink your eyes the wrong way... you are fired!!!
freedom4kaz 1 year ago
This is one of the best Schiff Reports ever. Every thought was articulate, and clear as a bell. May freedom ring!
InCharacter 1 year ago
What is the white thing behind him? the one with lots of knobs
spol07 1 year ago
a machine alex jones gave him as an x'mas present, that allows him to sense brain waves within a small area - he can use this as a 'psychic sensor' to see if there are government agents around the vicinity trying to do him in and run like hell once there is a red alert.
trinomialtree 1 year ago
Comment removed
marsCubed 1 year ago
The plan to save America copy and paste
1.Create jobs and taxes drill for oil in America ,open every place for a limited time.
2. Create jobs and taxes thru mining open new areas to miners for a limited time.
3. Expand railways and highways create American jobs make them non un ion jobs.
4. Remove China as a most favored trade nation for pegging yuan to dollar and sending us unsafe and unhealthy goods.
5.Lower State and Fed min wages goal 30%.
6. End Unions for all state and Fed. jobs
goldsilverandiamonds 1 year ago
tired of gov't law ,,, people will revolt one day
rich232399 1 year ago 2
Nope too late for that! Technology will make it impossible. Iran had a failed revolution and the people were really pushing the revolution. This is unfortunate, Iran just became a nuclear nation today.
Adahondeayenh 1 year ago
Iran has had nuclear capabilities for many years. In point of fact it was US support and encouragement in the 1950's and continuing for 2 decades that aided a burgeoning energy production system based on nuclear physics.
To properly understand the political and economic climate surrounding Iran today one needs to properly understand and interpret the past. A small measure of intellectual integrity goes a long way in such an endeavor.
maskedphrogg 1 year ago
Yep of course that day was not the exact day that the became a nuclear nation... However it was the day that it was announced to the world that this was the case. February 11. Also Sarah Palin's birthday :O
I'll say it is my belief there's some importance to the dates and that there is meaning to coincidence.
Adahondeayenh 1 year ago
No, most of the world was aware of the relationship btwn the US and Iran and the transfer of technology that began in the 1950's. You are trying to create an incident of some revelation that did not in fact occur.
Believe what you want, but proclaiming things to be true that are obviously false gives not only the appearance of folly but confirms you to be foolish. You might take note that similar techniques didn't work for Sarah Palin either.
maskedphrogg 1 year ago
Ahhh...now I see what you are trying to do.
Even if this date is properly recognized as the anniversary of some announcement I fail to see any importance to this particular day. It did pass as rather uneventful, which was to be expected.
maskedphrogg 1 year ago
OK now you probably understand what I'm saying! The Iranian leader just announced they had a nuclear arsenal, (they also tried to hype it up,) they chose to do this on the 31st anniversary.
I'm not such a big fan of Palin, but it is interesting that she really listens and empathizes with , say, the tea party movement. If the American voter is so fed up with big govt., they might feel that Palin is their only choice. She could have a chance at a 2012 election. It's going to be interesting.
Adahondeayenh 1 year ago
I'm no fan of Palin precisely because she neither listens nor understands anyone. That she joined with the neocons in their attempt to hijack leadership and derail or redirect the methods, motivation, and goals of TEA movement is not commendable. Should she take a run at the Presidency I am prepared to ignore her campaign. She clearly demonstrated her willingness to fulfill personal responsibilities when she reneged her responsibilities as Governor of Alaska when it conflicted w/personal goals.
maskedphrogg 1 year ago
That's very true. Palin is NOT fit for office, but then again neither was Bush. However, the media might put out a spell of spin and hype on Palin over the next few years... You might not believe this , but I saw a Fox News show with Palin in it and they flashed a subliminal message across the screen right b4 they showed her face. (This was b4 she got the Fox News Anchor deal.)
To me Palin will be an extremely interesting story to watch over the next few years... She'll definitely try to run.
Adahondeayenh 1 year ago 2
@Adahondeayenh
I disagree. Palin has a very good track record. She actually has executive experience. Obama did NOT. Imho she is very fit for office.
You should read what she accomplished as governor of Alaska...
ThorkilKowalski 1 year ago
@ThorkilKowalski
Accumulation of earmarks is not something she will always be proud of. It certainly won't earn her brownie points or votes in coming election cycles anymore than her inability to speak fluently about any substantive topics. No doubt she has a loyal following. Let us consider what it is her followers get from her besides feel-good sophism.
maskedphrogg 1 year ago