Without college loans prob. less than 5% of Americans could afford college these days. College cost inflation is easily over 75%. Any 2nd-tier no-name state college now charges more tuition than Oxford University. (Which degree will get you a job I think there's no need to elaborate). Average textbook price: $150. A sandwich with a cup of coffe: $9. College loans also pay the rent for a lot of middle-class families at home, its essentially hidden unemployment check, and the Govt. knows it.
Mr. Schiff would you do an analysis on the comments regarding Supreme Court Case Wickard v. Filburn 317 US 111 on George Gordon's website George Gordon dot ORG -- introduction series -- by the way i agree with you entirely on your comments
Ok thanks for the post. But why are you a Canadian the only one posting on here? I've looked everywhere for info and I've found 2 articles on google and you and Peter Schiff videos that's it. Why is nobody else talking about this. Also, can you take silver eagles with you or silver rounds if you leave the country? Need 2 know. Thanks
I'm sorry for having arguments on your channel, Mr. Schiff. I do not think you are a bad guy. I like many of the things you say. But please pay more attention to how much we are spending on "defense" and talk about cutting that. If you do, I will definitely support you!
Rules that make manufacturing uncompetitive in America like child labor laws? Forty hour work weeks? Overtime? Those are the rules he wants to abolish? Why not make other countries FOLLOW those kinds of rules?
@brothermikefan He never said specific specific dude. Thats all you talking. Plus all those u just mentioned are old news still in place. Hes probly talking about new regulations that actually hurt manufacturing. Try not to overthink things too fast now :) take care brother
The govern. dosen't make jobs in the US uncompetitive.
People make 5 dollars a day in other countries. Why listen to this "sky is falling" bs. People moving to China??? Better opportunities in Mexico??? give me a break.
What this fool dosen't seem to realize is that if the dollar "collapses" you better put your money into canned food and bullets.
@Dozzerd Yes they do, why do you think unemployment is around 20%? Because people will be shot if they get a job. 5 dollars a day doesn't tell me the value of the currency, nor the cost of living, and mind you are not making a case against Free Markets. Why listen to the sky is falling? Because for the past 100 years Austrian Economists have been correct, unlike the Media who scares people with non sense; they give you it to you in detail.
@Dozzerd Fool ? This guy Peter Schiff has called the catastrophe better than anybody else out there. Why would you label someone a fool with such a strong record?
Very educated people openly laughed at him & his unpopular opinions. Who's laughing now? Go ahead, hang around for the entire downturn, Obama needs somebody to tax...
@Dozzerd $5 a day doesn't tell me the cost of living in that country or the value of the currency in the country. People in China can live on just €2.50 a day.
When a rich person hires someone and pays them a salary the money comes out of their pocket and into the worker's pocket. When a rich person is taxed so the government can hire a person to do the census the money comes out of the rich person's pocket and into the worker's pocket. What's the difference? It's still private sector money going into the pockets of workers.
The only problem is that we DON'T tax; we borrow as Schiff points out.
The obvious difference is that the "rich person" hires someone because they will make a profit on the deal, which means the person is doing something that adds to economic production.
The census workers on the other do not do anything economically productive.
Of course, it's consitutionally required so there's no real choice in the matter.
When a business man hires an individual that salary comes out of the revenue of the business not the so called "rich guy's" pocket. That's your first incorrect assumption.
When gov discriminates and taxes some businesses it directly distorts markets in the industries those businesses participate. Even worse, it takes productive Capital and isolates it from participating in freely negotiated markets thereby further distorting free markets.
Schiff really is fascinating. He has a vid where he offers Alan Greenspan 100k to debate him. In another debate with FED henchmen he says "Bernanke never got anything right" Great vids!
Haha. Peter acts like Alice in Wonderland after she falls down the rabbit hole, with the Government playing the role of the Mad Hatter . And chorus calls and chants from the peanut gallery, like - "what's wrong with the government getting this profit?". Like government and profit belong in the same sentence, or like they have something to loan. If Peter gets elected it will be like Alice at the Mad Tea party where the Mad Hatter bombards Alice with insane riddles. Go Peter!
Peter is a very strong supporter of ending the American Empire overseas, do some research before you get on his case for not talking about every issue in this one video blog.
@notmarcofilms What? A "strong supporter"? I did some more research like you said, and, unfortunately, it made this even worse. Look through his uploads and there is almost NO titles at all regarding defense spending. How much time can the average voter give researching a candidate? Cutting defense spending is NOT one of his major talking points.
@notmarconfilms Then, if you watch "Peter Schiff on Foreign Policy" he says, The "primary function" of the government is to provide national defense. Hmmm. Then, he claimed that we can't afford national defense because we are spending too much money on other things. BS!
National defense accounts for OVER HALF of our federal budget.
@notmarcofilms Our defense spending is ultimately what is bankrupting our children, and I am sick and tired of our politicians focusing on everything but the real problem. Peter talks a good game, and he may have disagreed with the Iraq war, but ultimately he just keeps saying "smaller government".
@notmarcofilms What he isn't telling you is that the only way for us to make American labor more profitable to American businesses is through MORE regulations. The free market has spoken, and they are working for cheaper in China.
"More regulations" implies that there are regulations now, which contradicts your socialist lie that a free market drove business to China. End socialism for prosperity!
Labor becomes more profitable only thru more capital.
@TeaParty1776 "socialist lie", "foreign enemies", "spiritual traitors" ????? What is it like to live in so much fear? I bet you are still scared of communists too. Oooooh, I'm terrified! You are a moron. Do me a favor, turn off YouTube and go back to watching Fox News. Ron Paul is right, we've lost our way.
@GreenEggsAndHamster Liberals, having run out of ideas, rely on personal attacks. Liberalism is vanishing. The rotten liberal soul is no longer protected by plausible lies. The way is open for a rational politics of individual rights, ie, capitalism. It is the only politics which protects man's properly selfish need to guide his own actions with his own mind. See _Atlas Shrugged_.
@TeaParty1776 Are you saying I'm liberal? Sorry, wrong again. I am a REAL Republican. Where were you for the last 9 years that gov't has trampled all over our individual rights? Huh? You have repeatedly attacked me personally and offered very little else, which, by your standard, makes you a liberal. You are just angry and want to lash out. Ok. But don't think you can ram your beliefs down everyone's throats with some tough talk. Those of us that value liberty don't respect such actions.
@TeaParty1776 Atlas Shrugged: "Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence." Funding wars and an ever-increasing military industrial complex, which you have repeatedly supported, destroys our money! It produces massive debt, inflation, and property to be worth less. You don't even understand this book. Plus, this is the only reference you offer? A 53 year-old work of fiction? Wow, I'm impressed.
@notmarcofilms I'm emigrating soon and the main reason is because of our foreign policy. I am not raising kids in a country that enslaves it's future because politicians are unwilling to take a strong stand against the Military Industrial Complex. Peter could learn a few things from Ron Paul. He's a REAL Republican!
The Military Industrial Complex defends us from foreign enemies but we need a political philosophy of individual rights to defend us from spiritual traitors.
@TeaParty1776 I just checked your channel and discovered you are new to YouTube. I'd hate for your first experience on here to be a negative one, so I'm sorry for calling you a moron. What I should have said is that I appreciate your views but I just don't think the solutions are so simple. Is there anything we can agree on? Let's find common ground. We have to work together!
@TeaParty1776 Sorry, I won't be provoked by a 65 year old child. But thank you again for displaying your ignorance. In all of my posts I have presented a well rounded argument based on facts. You have only responded with personal insults and Fox News sound bites. I'm a spiritual prostitute? Person without moral values? Since you are so enlightened, please explain this to us all.
@TeaParty1776 Ok, let's get this straight. Cooperation is bad. People who try to compromise with those they disagree with have no moral values. Blindly supporting defense spending is righteous. People fit into black and white categories like "good" and "evil". Collectivism is absolutely evil ("United We Stand"?). We can somehow compare our situation to Nazis and 1930's Germany. And you actually think you just made me look foolish. Forget politics, you should go into comedy!
@TeaParty1776 What? You mean all the BS you just said was just a test? Wow, convenient excuse. Please, don't insult my intelligence further. When exposed to questions, your beliefs totally fall apart because they are oversimplified. This is why you have failed to address a large number of my points with any sort of relevant response. But thank you for being less aggressive today. At least that is a positive step.
@GreenEggsAndHamster Rational principles are guides to life and happiness. They must never be compromised with the irrational. Individual rightss must never be compromised with the bloody, depraved fantasy of the alleged common good.
But one may compromise on applying a rational principle, eg, traders bargaining for a mutually acceptable price.
@TeaParty1776 I agree with all of that. How then, can you make your other statements? Can't you see the stark contradictions? I'm not trying to make fun of you, I'm trying to educate you. Perhaps it's time to reevaluate what you believe "rational" and "irrational" actually means. You are right to be angry about government now. I am with you, but we have to get to the real irrationality in America, our foreign policy.
@TeaParty1776 How's that for "enjoyable and rewarding?" Since you are new, here's a little lesson for you: when you come on YouTube be prepared to encounter people who actually spend time thinking.
@GreenEggsAndHamster Nuke the opponents of the independent mind in Iran and North Korea. America, because of its individual rights, is the most moral society in history. We should slaughter our foreign enemies, cause their nations to run red with their blood, exactly as we did to our collectivist enemies in WW2.
@TeaParty1776 Hahaha! And now we can add: Nuking countries and slaughtering thousands of innocent people is the best way for us to proudly display our status as the "most moral society in history." Please tell me one educated person who would agree with your points. I'd love to see the source of your information! You probably think you are a patriot, don't you? Ha! Ha! This is too good!
@GreenEggsAndHamster Americans were physically responsible for terror bombing enemy civilians in WW2 but the our enemies were morally responsible. Our collectivist enemies forced us into a situation in which we had a choice between our own sacred lives and the lives of enemy civilians who were held hostage by enemy governments. There is no moral obligation to sacrifice. We had and have a moral right to defend individual rights from the bloody, morally depraved politics of the common good.
@TeaParty1776 I'm familiar with the "good war" justification for our military empire. Indeed, the brave soldiers who served in WWII acted morally to stop the Axis Powers. But what if the world has changed now? What if the military empire we have built is now bankrupting us? What if people are misled to believe that our current foreign policy is still upholding that moral right, when in reality it is actually destroying our country? Please ask yourself these questions.
@TeaParty1776 Hitler told people they had a moral duty to oppose "evil" too. Be careful to avoid the same trap. Our moral duty is to protect liberty, starting here at home. Yes, we need a strong defense, but we have to use it responsibly. We simply can't afford to police the world and keep fighting wars.
@TeaParty1776 And we certainly can't allow gov't to trample on our rights in the name of making us safer. To do so is to invite tyranny, and that is exactly what we have done for almost the last decade. As a patriot and a real conservative, I am outraged and you should be too.
@TeaParty1776 We have over 700 military bases in 135 countries, to the detriment of our economy, and you talk about how bad our "collectivist enemies" were in WWII? Are we not enforcing global collectivism? Obviously you are. And you say people need ideological, extremist, absolutes? Oh, you mean like Al Qaeda? Do you realize that you sound like a terrorist? You act like you support the heroes, but the real "parasites," "looters," and "moochers" totally control your mind.
@GreenEggsAndHamster Your nihilist attack on values is despicable. Your current target is American foreign policy, the last hope for individual rights. What Nazi nihilists and Marxist nihilists were unable to destroy, ie, America, is the target of the new nihilists, a profoundly anti-reason, postmodernist combo of Leftists and Libertarians.
@TeaParty1776 {sigh} After two days, all you can come up with is a new false label? I'm a "nihilist" now? I am part of an "anti-reason, postmodernist combo of Leftists and Libertarians", that is trying to destroy America? Those are lies and you know it! Anyone who reads this can clearly see who is anti-reason and who is the true patriot. Once again, you have only resorted to name-calling instead of addressing my points.
@TeaParty1776 Look at the Preamble of the Constitution. The Framers wanted to improve on the government they currently had (to be "more perfect" than the Articles of Confederation), to ensure that government would be just, and would protect its citizens from internal strife AND from outside attack. That is exactly what I advocate! Perhaps you should learn a thing or two about patriotism and realize that extremism only helps the real "nihilists" you are allegedly opposing.
@TeaParty1776 This is why I even bother with you. 1) it is fun to expose your foolishness, and 2) because I like the Tea Party. But, it has now been hijacked by extremists and the average, well-intentioned member of the Tea Party can't be allowed to buy your BS. Grow up, get educated, and stop the extremism. Can't you see that you are contributing to the demise of the Tea Party and our nation? Wake up!
@TeaParty1776 To be clear, I will not discuss anything with you further, so don't even bother firing another angry, misrepresentative comment at me. Such an action would only make you look even more foolish anyway. I pray for your enlightenment. God bless you.
@GreenEggsAndHamster: "National defense accounts for OVER HALF of our federal budget".>>>>>>> Are you stoned out of your mind? Yeah right, have you looked at the entire Federal Budget (Obama's) and the percentage with which is National Defense? Do you even know what the hell are you talking about??????
@bill4justice2."Defense" is officially only 2529% of the budget and 3844% of estimated tax revenues. Look deeper. This does not include the direct and indirect cost of our wars, the giant "black budgets" of intelligence, or things like nuclear weapons research, maintenance, cleanup, and production, Veterans Affairs, the Treasury payments to military families, interest on debt from past wars, or State Department financing of foreign arms sales and militarily-related development assistance.
@billforjustice2 Nor does that include the Department of Homeland Security, counter-terrorism spending by the FBI, and intelligence-gathering spending by NASA. The official percentage is manipulated to look low in order to make sheeple like you confused about where a majority of our money is actually going.
@bill4justice2 So yes, if you actually put it all together, its is certainly over half. If Americans actually knew what we spend for this military empire we wouldn't stand for it. In 2003, military accounted for 50.3% of discretionary funding, and has risen steadily ever since. Why can't anyone talk about cutting it without being insulted?
straight from Peter's website: "We should end the concept of nation building and close unneeded foreign military bases that drain resources from more important uses."
True- Foreign Policy is not his main issue, the economy is. Weird, an economist sticking to what he knows best.
@notmarcofilms How is the economy not related to Foreign Policy? If he goes to Washington he's going to need to deal with it. We need to demand more from our representatives. Saving our country takes more than just talk about gold and jobs.
Peter - you mentioned that the capital controls implemented under H.R. 2487 don't impact anything you are doing for your clients. Are you saying that this will not impact Perth Mint gold certificates that are obtained through your services? I hope either Peter or someone knowledgable about this can answer my question. Thanks!
I agree with Schiff that USAmericans are leaving. I am a college graduate and am leaving in 2 months. I am going to try and make it overseas. I can't get a decent wage here in the US. I'm going to be starting my own business in South America.
Once the depression really hits and things get bad for a while, the manufacturing sector will return as the people will finally get off their lazy asses and work.
lizardgizard2002 you are wrong. Schiff is definitely not espousing the same old rhetoric. If for nothing else, his position on the Federal Reserve system is completely apposed to any high profile Republican save Ron Paul. Actually, the fact that he even HAS a position makes him a breath of fresh air.
@psmooth777 Yea sure. As Peter Frum says, the republican party is owned by Fox news. Schiff just repeats the same old crap that Fox and the tea partiers want and crave to hear. Note that Schiff does not talk about gold much any more since it has declined in value. What does that tell you? Is his position on the federal reserve any different from any crazy tea partier?
@lizardgizard2002 - Really? $3/hour. Please quote Schiff's language that leads you to believe that. Obviously, you're blowing smoke out of your ass, so please don't comment.
@mccask13 I guess you don't follow Schiff. I do for a laugh. A few months ago he definately said that when talking about the US teritory Samoa and indicated that was appropriate. I am not going to look it up for you. You prove me wrong. You could ask Schiff but I dobt that he talks to his cult members.
The MBA's Schiff is talking about are leaving because their employers are outsourcing our jobs to India and China. Thus, these MBA's want to be paid big bucks to manage the jobs we outsourced overseas at half the cost. While Schiff may make a point that taxes are driving jobs overseas, he does not account for the multi-national corporate oligarchy who is buying US companies and then outsource the jobs in these companies overseas. See my 4-part video "The Next Big Crisis"
A 'fun' guy? That's the problem Mr. Schiff. People looked the other way b/c he was a 'fun' guy. Bush begat Obama, and now our problems are worse. Please don't drink the ignorant kool aid - stay focused and realize that you score no points by letting Mr. 'Fun guy' not a conservative into the tent.
what about fees/regulations that foreign countries will impose on us? I know the US will try to control our investments, but when we default/hyper-inflate what will countries do to us? I could see China seizing our funds in their market, etc. A long road ahead...
Peter you say that the problems are are less in Europe....are not these the socialist? Government regs are higher in Europe, but your solutions seem to want to dereg. Your logic does not make sense.
Even if you dereg industry further the cost basis will still be lower in China...so this is not really a solution...just more rich get richer mentality....
someone put this on fb, what do you think of this comment: estimate that as much as 50,000 tonnes of gold have been sold thatdonot exist. That is equivalent of allthe gold reserves in the worldthat are yet to be mined -or, put another way, 25 yearsof goldproduction.That is the grandda...ddy of all short positions.The fractional reserve operation of the LBMA is likely to be thenext Madoff scandal, except multiplied by 100 $5 trillion fraud asopposed to a $50 billion fraud.'
It's not just immigrants and new graduates leaving the U.S. We're seriously evaluating a move overseas too. My kids are all for learning a new language. The increasing tax burdens, an entirely out of control Obama government, and overzealous regulation may force our hand. We're high income professionals with young kids and love the United States, but the future here is looking increasingly bleak. Stay and fight in a bloody revolution, or move and watch the U.S completely implode from afar?
@SeattleBeaver - We're considering the same route. My wife & I are college educated and suffer high taxation rates. There are no breaks, programs, etc. because, as middle-class working people, we make 'too much'. Our first move is to leave the state of CA (and its 10% income tax rate) and later to leave the country. We're seeking a better work/life balance that rewards education and tenacity: those rewards are no longer present for U.S. middle class workers.
@mccask13 - sorry to butt in to your conv with SeattleBeaver, but what do you think of the new tax compliance/capital control laws Peter talked about? Did you know that even if you emigrate to another country that accepts you, that you are required to file and pay income taxes to the U.S gov unless the taxes in your host country are higher?
The arm of the gov has a very long reach, and it's getting longer!
Schiff is parrotting from the exact newspaper I read from. What Schiff edited out was that the story came out on THURSDAY when the markets were OPEN. The markets shrugged off the 50k census inclusion because originally it was anticipated that the census workers would have number far more than the 50k. So in fact, the markets moved UPWARDS!
Schiff also announces..."This is TUESDAY, April 2nd....well, it´s Good Friday today..." Ummmm...Schiff, when the fuck did good friday fall on a tuesday?
Also, the USD is now at par with the Canadian dollar....remember? Your NUMBER ONE TRADING partner. Why are you talking about the EURO?
Also, the brain drain is cyclical....you cant predict it because its always been here, dumb ass.
Please make a blog on foreign policy, I want you to explain why you think it's ok to have "a few" troops occupying foreign countries. You agree that Bush set the precedent for the bailouts, and how that allowed president Obama to get away with proposing and passing his stimulus package. In short, what makes you think that having a few troops wont later turn into hundreds of thousands of troops, all because we allowed troops to be there in the first place.
@Reflection1989 I'd like to hear Peter's position on foreign policy as well. I am big fan of Walter E Williams and he had a few questionable pieces that seemed he supported our foreign policy.
I'd still support a libertarian republican who thinks we have a job to be done in Afghanistan, it doesn't require 100,000 troops. We have a duty to collect intelligence (legally) and prevent another 9-11.
Once you accept the principal that we can still have "a few" troops in a country, you set the precedent that it's acceptable to have troops stationed in foreign countries to act as police, and that creates major problems in the future and would ultimately get us into the exact same mess that we're in now. I think you need to highly consider taking another look at foreign policy, and the consequences of our foreign policy. You would stand more of a chance as a senator candidate if you did so.
Peter, I just got done watching a debate that you participated in. You are spot on with how to fix the economy, but when it comes to the subject of foreign policy you seem to endorse some of the same principals for foreign policy that you oppose for the economy. For example, in the debate that I watched, you made a comment about how when withdrawing from Iraq and other countries we should have a timeline and maybe leave "a few" there, but not as many.
Oh all you Oboma lovers are going to be feeling it next year and the President will try to blame the Republicans for it after the land slide that's coming in November.
20% tax off the top is what's coming. You will bring home 20% less.
@MrPuppetOnAString I am quite sure he would be happy to accept a small donation for the campaign. And remember, he's running for the Senate, not the governor (his own words) and if you think the way he does, then you can think of him as your senator since it's federal and he would be the voice of all who think like him regardless of where they live.
You guys need to stop being nagative toward each other, there is no many problems, we don't need to add more problems with nagative comments or racial comments. We are not fight one another. We ought to throw our anger toward the government. We have no money, dollar is dead. People listen and take the warning. Those who are well off now, enjoy it while you still have it, before you end up loosing everything.
You guys need to stop being nagative toward each other, there is no many problems, we don't need to add more problems with nagative comments or racial comments. We are not fight one another. We ought to throw our anger toward the government. We have no money, dollar is dead. People listen and take the warning. Those who are well off now, enjoy it while you still have it, before you end up loosing everything.
You guys need to stop being nagative toward each other, there is no many problems, we don't need to add more problems with nagative comments or racial comments. We are not fight one another. We ought to throw our anger toward the government. We have no money, dollar is dead. People listen and take the warning. Those who are well off now, enjoy it while you still have it, before you end up loosing everything.
You guys need to stop being nagative toward each other, there is no many problems, we don't need to add more problems with nagative comments or racial comments. We are not fight one another. We ought to throw our anger toward the government. We have no money, dollar is dead. People listen and take the warning. Those who are well off now, enjoy it while you still have it, before you end up loosing everything.
Mr. Schiff!, Please address the crimes committed by JPMorgan in their manipulation of the Metals Market and the attempted assassination of metals trader, Andrew Maguire!
Mr. Schiff I've noticed something about you... which no one else, or even yourself may have recognized...(Or maybe they have) I don't get to watch a lot of your content.
Anyways, your always going on about how we have have to save... and how we have to get out of debt as a country and as individuals... But it never seems that you mention the fact we need to get out of debt, so that we can enjoy the good things in life. Saving up for that jet ski... Or nice motorcycle.
Mr. Schiff I've noticed something about you... which no one else, or even yourself may have recognized...(Or maybe they have) I don't get to watch a lot of your content.
Anyways, your always going on about how we have have to save... and how we have to get out of debt as a country and as individuals... But it never seems that you mention the fact we need to get out of debt, so that we can enjoy the good things in life. Saving up for that jet ski... Or nice motorcycle.
Don't get me wrong, that's just two things mentioned. And I know its important to have money for rainy days.. etc. But I believe that this may be why you don't have more followers.. you seem to just mention the negative without placing some light at the end of the tunnel.
I would love to see Peter debate Warren Mosler. Warren seems to believe that the government neither has nor doesn't have dollars and that all they do is change numbers electronically.
I don't understand what you mean by getting rid of regulations so that manufacturing companies will look for American employees. Isn't one of main issues the cost of labor - which is oftentimes a lot cheaper outside of the states - hence a greater profitability for the companies?
@jellyxjam You get what you pay for! For every one american job you have to hire several foreigners to make, inspect, transport and monitor production. And those workers are not as skilled as ours so there is a lot more waste and inefficiency. We can't risk properly training them and sending them the appropriate equipment because their communism totalitarian governments might "nationalize" your equipment for pennies on the dollar. Outsourcing doesn't save as much money as people think.
Too bad your kind aren't uncommon enough. lmao. Absolutely wrong on all accounts, just like you've been brainwashed to think by your masters. If outsourcing wasn't cost effective, it wouldn't be done. Go back to your cave. You know nothing of business.
What do you think America has done to its own people if it isn't already as bad as "Nationalized" China? Look right there under you own nose.
Patriotic idiot. But hey, you got what you paid for, lol.
@mcdonaldscalling21 I said it was cost affective you moron. Just not the boom idiots like you think it is. Do you really think a much of grass hut living, illiterate third world peasants can do what we ion america can do. Your the one whose dreaming.
@mcdonaldscalling21 I said it was cost affective you moron. Just not the boom idiots like you think it is. Do you really think a much of grass hut living, illiterate third world peasants can do what we ion america can do. Your the one whose dreaming.
I really don't think it's fair to say that Americans can do these factory jobs, which are jobs of unskilled labor, better than anyone else. As to what you mentioned earlier, in any chain of production, there would have to be overseers and managers.
@jellyxjam We can do them better. But not good enough to justify us doing it. We are capable of doing far more productive things. And no, we're not using our talents vary productively. Our tax system is a common example of highly skilled unproductive work.
@mcdonaldscalling21 I said it was cost affective you moron. Just not the boom idiots like you think it is. Do you really think a much of grass hut living, illiterate third world peasants can do what we ion america can do. Your the one whose dreaming.
@jellyxjam - I recently read that wages are not the leading component. Liability costs, benefits, and regulatory compliance supposedly constitute the majority of total labor cost. I'm curious to find these numbers as I believe this to be fact. There are millions of unemployed workers that are willing to work in manufacturing at this moment, likely at reduced hourly rates.
China and India aren't attacking countries half way around the world cuz they're worried about 'terrorism'. China and India don't waste their money financing wars for another country's benefit. The Chinese and Indians don't throw away their lives cheaply, killing some third worlders half way across the world from them. In other words, the Chinese and Indians aren't acting stupidly and suicidally. That's why the MBAs are going back to their home countries. USA has no future.
The only reason I've found a job is because a friend hooked me up with one, and it's way under what I should be making given the fat that I have a degree. There's nothing you can tell me to make me believe the recession is over.
One-third of the population believe in the Armageddon and the Rapture....That should be enough to tell you you're not living in a rational country. You're not living amongst rational people.
Immigrants' children are leaving the country because they don't want to live amongst stupids. Let the stupids have the country to themselves. Who wants to stay among stupids? Stupids have no logic. Go and invade a third country when the nation is up to debt in eyeballs? Logical people PAY OFF their debts before they make war. Stupids rush into war while they are broke. Then they make another war, and another war ... You can't reason with stupids.
America's not worth saving at this point. Best to let it collapse so it can be flushed down the toilet drain and the nation start anew. I wouldn't expend so much energy trying to 'save' the US. Better to expend the energy trying to get out of Dodge. It's hopeless. The people are hopeless. What a bunch of mouth-breathers. Invade Iran? War against "Radical Islam"? How dumb ... but the sad thing is Americans fall for it. You watch it, in 2-4 years, the US will be in Iran.
absolutely agree with you 100%. fat lazy consumerist americans are the caboose of the world economy - the faster this pile of collective junk is flushed down the toilet the better.
the govt is on the right track - its assimilating the residual wealth into corporates, banks and wealthy individuals - who will take the resources and put it into good use once a new system is in place.
it should put the remaining 250m rejects into california then run a laser over the fault line.
What do you mean Americans should manufacture Apple products? Americans are only good at being killing machines. That's why it's all Americans around the world occupying nations. Americans are good obedient soldiers. They don't think much. They just do what they are told. They are easy to fill up with propaganda & brainwashing. They are easy to fool, easy to lie to, easy to manipulate. They are gullible. They are foolish. Dumb herd animals. With the mental capacity of 6 year olds.
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Without college loans prob. less than 5% of Americans could afford college these days. College cost inflation is easily over 75%. Any 2nd-tier no-name state college now charges more tuition than Oxford University. (Which degree will get you a job I think there's no need to elaborate). Average textbook price: $150. A sandwich with a cup of coffe: $9. College loans also pay the rent for a lot of middle-class families at home, its essentially hidden unemployment check, and the Govt. knows it.
NorceCodine 1 year ago
Peter Schiff bald would block out the sun
Rensune 1 year ago
Peter Schiff would make an exceptional economic adviser. Unfortunately obama has morons.
RomanV101 1 year ago 2
This guy GETS IT!!!!
xTRAPJAWx 1 year ago 2
Mr. Schiff would you do an analysis on the comments regarding Supreme Court Case Wickard v. Filburn 317 US 111 on George Gordon's website George Gordon dot ORG -- introduction series -- by the way i agree with you entirely on your comments
OrganicDrew 1 year ago
"Good news...I don't see it that way." Why am I not surprised?
baigandine 1 year ago
Throw a shoe at Bush for me will ya?
maidenak 1 year ago 9
Ok thanks for the post. But why are you a Canadian the only one posting on here? I've looked everywhere for info and I've found 2 articles on google and you and Peter Schiff videos that's it. Why is nobody else talking about this. Also, can you take silver eagles with you or silver rounds if you leave the country? Need 2 know. Thanks
liz12345able 1 year ago
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I'm sorry for having arguments on your channel, Mr. Schiff. I do not think you are a bad guy. I like many of the things you say. But please pay more attention to how much we are spending on "defense" and talk about cutting that. If you do, I will definitely support you!
GreenEggsAndHamster 1 year ago 3
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GreenEggsAndHamster 1 year ago
Rules that make manufacturing uncompetitive in America like child labor laws? Forty hour work weeks? Overtime? Those are the rules he wants to abolish? Why not make other countries FOLLOW those kinds of rules?
brothermikefan 1 year ago
@brothermikefan He never said specific specific dude. Thats all you talking. Plus all those u just mentioned are old news still in place. Hes probly talking about new regulations that actually hurt manufacturing. Try not to overthink things too fast now :) take care brother
drummer4life534 1 year ago
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Pete, tell us how the conversation goes with W Bush
chroNick546 1 year ago
Pete, tell us how the conversation goes with W Bush
chroNick546 1 year ago
debate bush haha,
hurcule911 1 year ago
5 stars
yougiberishtube 1 year ago
Hey Peter! Just wondering what you think about Canada and the Canadian Economy in general?
CanadianPatriot26 1 year ago
well mr. Shiff. don't get shanghaied.
edmund94232 1 year ago
The govern. dosen't make jobs in the US uncompetitive.
People make 5 dollars a day in other countries. Why listen to this "sky is falling" bs. People moving to China??? Better opportunities in Mexico??? give me a break.
What this fool dosen't seem to realize is that if the dollar "collapses" you better put your money into canned food and bullets.
Dozzerd 1 year ago
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@Dozzerd Yes they do, why do you think unemployment is around 20%? Because people will be shot if they get a job. 5 dollars a day doesn't tell me the value of the currency, nor the cost of living, and mind you are not making a case against Free Markets. Why listen to the sky is falling? Because for the past 100 years Austrian Economists have been correct, unlike the Media who scares people with non sense; they give you it to you in detail.
BIackOp 1 year ago 2
@Dozzerd Fool ? This guy Peter Schiff has called the catastrophe better than anybody else out there. Why would you label someone a fool with such a strong record?
Very educated people openly laughed at him & his unpopular opinions. Who's laughing now? Go ahead, hang around for the entire downturn, Obama needs somebody to tax...
y2ktube 1 year ago 2
@Dozzerd $5 a day doesn't tell me the cost of living in that country or the value of the currency in the country. People in China can live on just €2.50 a day.
hexzerg 1 year ago
When a rich person hires someone and pays them a salary the money comes out of their pocket and into the worker's pocket. When a rich person is taxed so the government can hire a person to do the census the money comes out of the rich person's pocket and into the worker's pocket. What's the difference? It's still private sector money going into the pockets of workers.
The only problem is that we DON'T tax; we borrow as Schiff points out.
brothermikefan 1 year ago
@brothermikefan,
The obvious difference is that the "rich person" hires someone because they will make a profit on the deal, which means the person is doing something that adds to economic production.
The census workers on the other do not do anything economically productive.
Of course, it's consitutionally required so there's no real choice in the matter.
jedfa987 1 year ago
@brothermikefan
False dichotomy.
When a business man hires an individual that salary comes out of the revenue of the business not the so called "rich guy's" pocket. That's your first incorrect assumption.
When gov discriminates and taxes some businesses it directly distorts markets in the industries those businesses participate. Even worse, it takes productive Capital and isolates it from participating in freely negotiated markets thereby further distorting free markets.
Your logic is flawed.
maskedphrogg 1 year ago 5
Schiff really is fascinating. He has a vid where he offers Alan Greenspan 100k to debate him. In another debate with FED henchmen he says "Bernanke never got anything right" Great vids!
Desnoxvu 1 year ago
Haha. Peter acts like Alice in Wonderland after she falls down the rabbit hole, with the Government playing the role of the Mad Hatter . And chorus calls and chants from the peanut gallery, like - "what's wrong with the government getting this profit?". Like government and profit belong in the same sentence, or like they have something to loan. If Peter gets elected it will be like Alice at the Mad Tea party where the Mad Hatter bombards Alice with insane riddles. Go Peter!
paulemeany 1 year ago
1. Making American labor cheaper than foreign labor by simply abolishing some evil government rules and regulations. = typical political b.s.
2. Student loans from the gov't instead of banks=bad? Why? That could be a revenue stream, not another source of debt. The banks have enough.
3. No mention of cutting our outrageous defense spending?
Sorry, I like some of the things you say, but this one is a thumbs down.
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster
Peter is a very strong supporter of ending the American Empire overseas, do some research before you get on his case for not talking about every issue in this one video blog.
notmarcofilms 1 year ago
@notmarcofilms What? A "strong supporter"? I did some more research like you said, and, unfortunately, it made this even worse. Look through his uploads and there is almost NO titles at all regarding defense spending. How much time can the average voter give researching a candidate? Cutting defense spending is NOT one of his major talking points.
GreenEggsAndHamster 1 year ago
@notmarconfilms Then, if you watch "Peter Schiff on Foreign Policy" he says, The "primary function" of the government is to provide national defense. Hmmm. Then, he claimed that we can't afford national defense because we are spending too much money on other things. BS!
National defense accounts for OVER HALF of our federal budget.
GreenEggsAndHamster 1 year ago
@notmarcofilms Our defense spending is ultimately what is bankrupting our children, and I am sick and tired of our politicians focusing on everything but the real problem. Peter talks a good game, and he may have disagreed with the Iraq war, but ultimately he just keeps saying "smaller government".
GreenEggsAndHamster 1 year ago
@notmarcofilms What he isn't telling you is that the only way for us to make American labor more profitable to American businesses is through MORE regulations. The free market has spoken, and they are working for cheaper in China.
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster
"More regulations" implies that there are regulations now, which contradicts your socialist lie that a free market drove business to China. End socialism for prosperity!
Labor becomes more profitable only thru more capital.
TeaParty1776 1 year ago
@TeaParty1776 "socialist lie", "foreign enemies", "spiritual traitors" ????? What is it like to live in so much fear? I bet you are still scared of communists too. Oooooh, I'm terrified! You are a moron. Do me a favor, turn off YouTube and go back to watching Fox News. Ron Paul is right, we've lost our way.
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster Liberals, having run out of ideas, rely on personal attacks. Liberalism is vanishing. The rotten liberal soul is no longer protected by plausible lies. The way is open for a rational politics of individual rights, ie, capitalism. It is the only politics which protects man's properly selfish need to guide his own actions with his own mind. See _Atlas Shrugged_.
TeaParty1776 1 year ago
@TeaParty1776 Are you saying I'm liberal? Sorry, wrong again. I am a REAL Republican. Where were you for the last 9 years that gov't has trampled all over our individual rights? Huh? You have repeatedly attacked me personally and offered very little else, which, by your standard, makes you a liberal. You are just angry and want to lash out. Ok. But don't think you can ram your beliefs down everyone's throats with some tough talk. Those of us that value liberty don't respect such actions.
GreenEggsAndHamster 1 year ago
@TeaParty1776 Atlas Shrugged: "Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence." Funding wars and an ever-increasing military industrial complex, which you have repeatedly supported, destroys our money! It produces massive debt, inflation, and property to be worth less. You don't even understand this book. Plus, this is the only reference you offer? A 53 year-old work of fiction? Wow, I'm impressed.
GreenEggsAndHamster 1 year ago
@notmarcofilms I'm emigrating soon and the main reason is because of our foreign policy. I am not raising kids in a country that enslaves it's future because politicians are unwilling to take a strong stand against the Military Industrial Complex. Peter could learn a few things from Ron Paul. He's a REAL Republican!
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster
PETER WAS ONE OF RON'S ECONOMIC ADVISORS DURING THE 2008 CAMPAIGN!
notmarcofilms 1 year ago
@notmarcofilms And he obviously didn't learn enough from him.
GreenEggsAndHamster 1 year ago
TeaParty1776
The Military Industrial Complex defends us from foreign enemies but we need a political philosophy of individual rights to defend us from spiritual traitors.
TeaParty1776 1 year ago
@TeaParty1776 I just checked your channel and discovered you are new to YouTube. I'd hate for your first experience on here to be a negative one, so I'm sorry for calling you a moron. What I should have said is that I appreciate your views but I just don't think the solutions are so simple. Is there anything we can agree on? Let's find common ground. We have to work together!
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster Youre a spiritual prostitute, a compromising, pseudo-practical Pragmatist without moral values. Man
needs ideological, extremist, absolutes for his life and happiness. And
the basic political PRINCIPLE is individual rights, which should never be
compromised. Neville Chamberlain compromised with Hitler and we got WW2.
No compromise, no working together, with evil. Collectivism is absolutely evil.
Thanks for making my first YouTube experience so enjoyable and rewarding.
TeaParty1776 1 year ago
@TeaParty1776 Sorry, I won't be provoked by a 65 year old child. But thank you again for displaying your ignorance. In all of my posts I have presented a well rounded argument based on facts. You have only responded with personal insults and Fox News sound bites. I'm a spiritual prostitute? Person without moral values? Since you are so enlightened, please explain this to us all.
GreenEggsAndHamster 1 year ago
@TeaParty1776 Ok, let's get this straight. Cooperation is bad. People who try to compromise with those they disagree with have no moral values. Blindly supporting defense spending is righteous. People fit into black and white categories like "good" and "evil". Collectivism is absolutely evil ("United We Stand"?). We can somehow compare our situation to Nazis and 1930's Germany. And you actually think you just made me look foolish. Forget politics, you should go into comedy!
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster TEST
TeaParty1776 1 year ago
@TeaParty1776 What? You mean all the BS you just said was just a test? Wow, convenient excuse. Please, don't insult my intelligence further. When exposed to questions, your beliefs totally fall apart because they are oversimplified. This is why you have failed to address a large number of my points with any sort of relevant response. But thank you for being less aggressive today. At least that is a positive step.
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster Rational principles are guides to life and happiness. They must never be compromised with the irrational. Individual rightss must never be compromised with the bloody, depraved fantasy of the alleged common good.
But one may compromise on applying a rational principle, eg, traders bargaining for a mutually acceptable price.
TeaParty1776 1 year ago
@TeaParty1776 I agree with all of that. How then, can you make your other statements? Can't you see the stark contradictions? I'm not trying to make fun of you, I'm trying to educate you. Perhaps it's time to reevaluate what you believe "rational" and "irrational" actually means. You are right to be angry about government now. I am with you, but we have to get to the real irrationality in America, our foreign policy.
GreenEggsAndHamster 1 year ago
@TeaParty1776 How's that for "enjoyable and rewarding?" Since you are new, here's a little lesson for you: when you come on YouTube be prepared to encounter people who actually spend time thinking.
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster Nuke the opponents of the independent mind in Iran and North Korea. America, because of its individual rights, is the most moral society in history. We should slaughter our foreign enemies, cause their nations to run red with their blood, exactly as we did to our collectivist enemies in WW2.
TeaParty1776 1 year ago
@TeaParty1776 Hahaha! And now we can add: Nuking countries and slaughtering thousands of innocent people is the best way for us to proudly display our status as the "most moral society in history." Please tell me one educated person who would agree with your points. I'd love to see the source of your information! You probably think you are a patriot, don't you? Ha! Ha! This is too good!
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster Americans were physically responsible for terror bombing enemy civilians in WW2 but the our enemies were morally responsible. Our collectivist enemies forced us into a situation in which we had a choice between our own sacred lives and the lives of enemy civilians who were held hostage by enemy governments. There is no moral obligation to sacrifice. We had and have a moral right to defend individual rights from the bloody, morally depraved politics of the common good.
TeaParty1776 1 year ago
@TeaParty1776 I'm familiar with the "good war" justification for our military empire. Indeed, the brave soldiers who served in WWII acted morally to stop the Axis Powers. But what if the world has changed now? What if the military empire we have built is now bankrupting us? What if people are misled to believe that our current foreign policy is still upholding that moral right, when in reality it is actually destroying our country? Please ask yourself these questions.
GreenEggsAndHamster 1 year ago
@TeaParty1776 Hitler told people they had a moral duty to oppose "evil" too. Be careful to avoid the same trap. Our moral duty is to protect liberty, starting here at home. Yes, we need a strong defense, but we have to use it responsibly. We simply can't afford to police the world and keep fighting wars.
GreenEggsAndHamster 1 year ago
@TeaParty1776 And we certainly can't allow gov't to trample on our rights in the name of making us safer. To do so is to invite tyranny, and that is exactly what we have done for almost the last decade. As a patriot and a real conservative, I am outraged and you should be too.
GreenEggsAndHamster 1 year ago
@TeaParty1776 We have over 700 military bases in 135 countries, to the detriment of our economy, and you talk about how bad our "collectivist enemies" were in WWII? Are we not enforcing global collectivism? Obviously you are. And you say people need ideological, extremist, absolutes? Oh, you mean like Al Qaeda? Do you realize that you sound like a terrorist? You act like you support the heroes, but the real "parasites," "looters," and "moochers" totally control your mind.
GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster & @TeaParty1776..."only tyrants deal in absolutes.."
schiess23 1 year ago
@GreenEggsAndHamster Your nihilist attack on values is despicable. Your current target is American foreign policy, the last hope for individual rights. What Nazi nihilists and Marxist nihilists were unable to destroy, ie, America, is the target of the new nihilists, a profoundly anti-reason, postmodernist combo of Leftists and Libertarians.
TeaParty1776 1 year ago
@TeaParty1776 {sigh} After two days, all you can come up with is a new false label? I'm a "nihilist" now? I am part of an "anti-reason, postmodernist combo of Leftists and Libertarians", that is trying to destroy America? Those are lies and you know it! Anyone who reads this can clearly see who is anti-reason and who is the true patriot. Once again, you have only resorted to name-calling instead of addressing my points.
GreenEggsAndHamster 1 year ago
@TeaParty1776 Look at the Preamble of the Constitution. The Framers wanted to improve on the government they currently had (to be "more perfect" than the Articles of Confederation), to ensure that government would be just, and would protect its citizens from internal strife AND from outside attack. That is exactly what I advocate! Perhaps you should learn a thing or two about patriotism and realize that extremism only helps the real "nihilists" you are allegedly opposing.
GreenEggsAndHamster 1 year ago
@TeaParty1776 This is why I even bother with you. 1) it is fun to expose your foolishness, and 2) because I like the Tea Party. But, it has now been hijacked by extremists and the average, well-intentioned member of the Tea Party can't be allowed to buy your BS. Grow up, get educated, and stop the extremism. Can't you see that you are contributing to the demise of the Tea Party and our nation? Wake up!
GreenEggsAndHamster 1 year ago
@TeaParty1776 To be clear, I will not discuss anything with you further, so don't even bother firing another angry, misrepresentative comment at me. Such an action would only make you look even more foolish anyway. I pray for your enlightenment. God bless you.
GreenEggsAndHamster 1 year ago
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GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster: "National defense accounts for OVER HALF of our federal budget".>>>>>>> Are you stoned out of your mind? Yeah right, have you looked at the entire Federal Budget (Obama's) and the percentage with which is National Defense? Do you even know what the hell are you talking about??????
bill4justice2 1 year ago
@bill4justice2."Defense" is officially only 2529% of the budget and 3844% of estimated tax revenues. Look deeper. This does not include the direct and indirect cost of our wars, the giant "black budgets" of intelligence, or things like nuclear weapons research, maintenance, cleanup, and production, Veterans Affairs, the Treasury payments to military families, interest on debt from past wars, or State Department financing of foreign arms sales and militarily-related development assistance.
GreenEggsAndHamster 1 year ago 2
@billforjustice2 Nor does that include the Department of Homeland Security, counter-terrorism spending by the FBI, and intelligence-gathering spending by NASA. The official percentage is manipulated to look low in order to make sheeple like you confused about where a majority of our money is actually going.
GreenEggsAndHamster 1 year ago 2
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GreenEggsAndHamster 1 year ago
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@bill4justice2 So yes, if you actually put it all together, its is certainly over half. If Americans actually knew what we spend for this military empire we wouldn't stand for it. In 2003, military accounted for 50.3% of discretionary funding, and has risen steadily ever since. Why can't anyone talk about cutting it without being insulted?
GreenEggsAndHamster 1 year ago 2
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GreenEggsAndHamster 1 year ago
@GreenEggsAndHamster
straight from Peter's website: "We should end the concept of nation building and close unneeded foreign military bases that drain resources from more important uses."
True- Foreign Policy is not his main issue, the economy is. Weird, an economist sticking to what he knows best.
notmarcofilms 1 year ago
@notmarcofilms How is the economy not related to Foreign Policy? If he goes to Washington he's going to need to deal with it. We need to demand more from our representatives. Saving our country takes more than just talk about gold and jobs.
GreenEggsAndHamster 1 year ago
Peter - you mentioned that the capital controls implemented under H.R. 2487 don't impact anything you are doing for your clients. Are you saying that this will not impact Perth Mint gold certificates that are obtained through your services? I hope either Peter or someone knowledgable about this can answer my question. Thanks!
RobHocker1 1 year ago
I agree with Schiff that USAmericans are leaving. I am a college graduate and am leaving in 2 months. I am going to try and make it overseas. I can't get a decent wage here in the US. I'm going to be starting my own business in South America.
Ac0atl 1 year ago 17
@Ac0atl Hows the business coming?
Rensune 1 year ago
ew, George Bush.
snslion 1 year ago
Once the depression really hits and things get bad for a while, the manufacturing sector will return as the people will finally get off their lazy asses and work.
GuidofromOtsego 1 year ago
lizardgizard2002 you are wrong. Schiff is definitely not espousing the same old rhetoric. If for nothing else, his position on the Federal Reserve system is completely apposed to any high profile Republican save Ron Paul. Actually, the fact that he even HAS a position makes him a breath of fresh air.
psmooth777 1 year ago
@psmooth777 Yea sure. As Peter Frum says, the republican party is owned by Fox news. Schiff just repeats the same old crap that Fox and the tea partiers want and crave to hear. Note that Schiff does not talk about gold much any more since it has declined in value. What does that tell you? Is his position on the federal reserve any different from any crazy tea partier?
lizardgizard2002 1 year ago
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Same old right wing bull hockey. Schiff would be just fine if the lowest 50% of Americans worked for $3 an hour.
lizardgizard2002 1 year ago
@lizardgizard2002 - Really? $3/hour. Please quote Schiff's language that leads you to believe that. Obviously, you're blowing smoke out of your ass, so please don't comment.
mccask13 1 year ago
@mccask13 I guess you don't follow Schiff. I do for a laugh. A few months ago he definately said that when talking about the US teritory Samoa and indicated that was appropriate. I am not going to look it up for you. You prove me wrong. You could ask Schiff but I dobt that he talks to his cult members.
lizardgizard2002 1 year ago
The MBA's Schiff is talking about are leaving because their employers are outsourcing our jobs to India and China. Thus, these MBA's want to be paid big bucks to manage the jobs we outsourced overseas at half the cost. While Schiff may make a point that taxes are driving jobs overseas, he does not account for the multi-national corporate oligarchy who is buying US companies and then outsource the jobs in these companies overseas. See my 4-part video "The Next Big Crisis"
PragmaticStatistic 1 year ago
china won't let its people on youtube, I know I went last year for a trip and couldn't go on face book or youtube...boooo!!!
noone120000 1 year ago
A 'fun' guy? That's the problem Mr. Schiff. People looked the other way b/c he was a 'fun' guy. Bush begat Obama, and now our problems are worse. Please don't drink the ignorant kool aid - stay focused and realize that you score no points by letting Mr. 'Fun guy' not a conservative into the tent.
I hope you win your Senate race.
dskillz1 1 year ago
I like TREES!!
msadoy 1 year ago
what about fees/regulations that foreign countries will impose on us? I know the US will try to control our investments, but when we default/hyper-inflate what will countries do to us? I could see China seizing our funds in their market, etc. A long road ahead...
aw3212 1 year ago
Peter you say that the problems are are less in Europe....are not these the socialist? Government regs are higher in Europe, but your solutions seem to want to dereg. Your logic does not make sense.
Even if you dereg industry further the cost basis will still be lower in China...so this is not really a solution...just more rich get richer mentality....
bluepointtrading 1 year ago
someone put this on fb, what do you think of this comment: estimate that as much as 50,000 tonnes of gold have been sold thatdonot exist. That is equivalent of allthe gold reserves in the worldthat are yet to be mined -or, put another way, 25 yearsof goldproduction.That is the grandda...ddy of all short positions.The fractional reserve operation of the LBMA is likely to be thenext Madoff scandal, except multiplied by 100 $5 trillion fraud asopposed to a $50 billion fraud.'
cyndrellian 1 year ago
This is Tuesday, April 2nd 2010. Well, it's Good Friday today... hahaha
koki4o 1 year ago
Oh the Dems are SO in deep. Fall elections can't get here soon enough.
lenny380 1 year ago
It's not just immigrants and new graduates leaving the U.S. We're seriously evaluating a move overseas too. My kids are all for learning a new language. The increasing tax burdens, an entirely out of control Obama government, and overzealous regulation may force our hand. We're high income professionals with young kids and love the United States, but the future here is looking increasingly bleak. Stay and fight in a bloody revolution, or move and watch the U.S completely implode from afar?
SeattleBeaver 1 year ago 19
@SeattleBeaver
It's almost the same here in european union... but what are the options for migration? Switzerland? Singapore? Hongkong? New zealand?
I have a feeling that big brother's hands reach almost everywhere now.
MushroomCloud666 1 year ago 2
@SeattleBeaver - We're considering the same route. My wife & I are college educated and suffer high taxation rates. There are no breaks, programs, etc. because, as middle-class working people, we make 'too much'. Our first move is to leave the state of CA (and its 10% income tax rate) and later to leave the country. We're seeking a better work/life balance that rewards education and tenacity: those rewards are no longer present for U.S. middle class workers.
mccask13 1 year ago 2
@mccask13 - sorry to butt in to your conv with SeattleBeaver, but what do you think of the new tax compliance/capital control laws Peter talked about? Did you know that even if you emigrate to another country that accepts you, that you are required to file and pay income taxes to the U.S gov unless the taxes in your host country are higher?
The arm of the gov has a very long reach, and it's getting longer!
furyofbongos 1 year ago
My friend, Brian Sugrim, Child of an immigrant, is one that wants to leave America.
GreatInca 1 year ago
Schiff is parrotting from the exact newspaper I read from. What Schiff edited out was that the story came out on THURSDAY when the markets were OPEN. The markets shrugged off the 50k census inclusion because originally it was anticipated that the census workers would have number far more than the 50k. So in fact, the markets moved UPWARDS!
Rata4You 1 year ago
Schiff also announces..."This is TUESDAY, April 2nd....well, it´s Good Friday today..." Ummmm...Schiff, when the fuck did good friday fall on a tuesday?
Also, the USD is now at par with the Canadian dollar....remember? Your NUMBER ONE TRADING partner. Why are you talking about the EURO?
Also, the brain drain is cyclical....you cant predict it because its always been here, dumb ass.
Rata4You 1 year ago
i can't wait until peter goes to japan. then i can say the schiff has hit japan.
michaelpshipley1 1 year ago 4
Please make a blog on foreign policy, I want you to explain why you think it's ok to have "a few" troops occupying foreign countries. You agree that Bush set the precedent for the bailouts, and how that allowed president Obama to get away with proposing and passing his stimulus package. In short, what makes you think that having a few troops wont later turn into hundreds of thousands of troops, all because we allowed troops to be there in the first place.
Reflection1989 1 year ago
@Reflection1989 I'd like to hear Peter's position on foreign policy as well. I am big fan of Walter E Williams and he had a few questionable pieces that seemed he supported our foreign policy.
I'd still support a libertarian republican who thinks we have a job to be done in Afghanistan, it doesn't require 100,000 troops. We have a duty to collect intelligence (legally) and prevent another 9-11.
VictoryCough 1 year ago
april 2nd 2010 did NOT fall on a tuesday Peter!!
MrHarry46 1 year ago
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MrHarry46 1 year ago
Once you accept the principal that we can still have "a few" troops in a country, you set the precedent that it's acceptable to have troops stationed in foreign countries to act as police, and that creates major problems in the future and would ultimately get us into the exact same mess that we're in now. I think you need to highly consider taking another look at foreign policy, and the consequences of our foreign policy. You would stand more of a chance as a senator candidate if you did so.
Reflection1989 1 year ago
Peter, I just got done watching a debate that you participated in. You are spot on with how to fix the economy, but when it comes to the subject of foreign policy you seem to endorse some of the same principals for foreign policy that you oppose for the economy. For example, in the debate that I watched, you made a comment about how when withdrawing from Iraq and other countries we should have a timeline and maybe leave "a few" there, but not as many.
Reflection1989 1 year ago
SENATOR Schiff!!!
lenny380 1 year ago
Keep up the good work Peter!
zzx2847 1 year ago
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you might learn bush 43, but just wait until you learn rothschild and his cronies. that will be the ultimately learning curve
drusha1 1 year ago
you might learn bush 43, but just wait until you learn rothschild and his cronies. that will be the ultimately learning curve
drusha1 1 year ago
Pete you make way to much sense to become a politician.
mja2035 1 year ago
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From all indications Peter is spot on. He has been spot on before. Face it, Peter Schiff has been born into this time for a purpose. :)
WhereDidItAllGo7 1 year ago
From all indications Peter is spot on. He has been spot on before. Face it, Peter Schiff has been born into this time for a purpose. :)
WhereDidItAllGo7 1 year ago
Peter,
When this economic doom that you keep predicting doesn't happen are you going to refund all the people who lost money because of you?
scitops 1 year ago
@scitops ;)
UncommonThinker 1 year ago
We need people like you in the senate!
drosa85 1 year ago 15
Who the hell were the 5 people who gave this vid a thumbs down!?!
johnnybravo234 1 year ago
LOL, WE HAVE NO MONEY!!!!!!
WTF is so hard to understand?
Oh all you Oboma lovers are going to be feeling it next year and the President will try to blame the Republicans for it after the land slide that's coming in November.
20% tax off the top is what's coming. You will bring home 20% less.
Good luck to those who refuse to understand.
TungstenPi 1 year ago 3
Thanks for running Schiff! I would vote for you, but I don't live in your state! I hope you win.
MrPuppetOnAString 1 year ago 3
@MrPuppetOnAString I am quite sure he would be happy to accept a small donation for the campaign. And remember, he's running for the Senate, not the governor (his own words) and if you think the way he does, then you can think of him as your senator since it's federal and he would be the voice of all who think like him regardless of where they live.
christo930 1 year ago
@christo930 Thanks and your words are true. Then, how does one donate?
MrPuppetOnAString 1 year ago
@MrPuppetOnAString As long as you are an American citizen you can donate at schiffforsenate com
christo930 1 year ago
This has been flagged as spam show
You guys need to stop being nagative toward each other, there is no many problems, we don't need to add more problems with nagative comments or racial comments. We are not fight one another. We ought to throw our anger toward the government. We have no money, dollar is dead. People listen and take the warning. Those who are well off now, enjoy it while you still have it, before you end up loosing everything.
sungmee45 1 year ago
This has been flagged as spam show
You guys need to stop being nagative toward each other, there is no many problems, we don't need to add more problems with nagative comments or racial comments. We are not fight one another. We ought to throw our anger toward the government. We have no money, dollar is dead. People listen and take the warning. Those who are well off now, enjoy it while you still have it, before you end up loosing everything.
sungmee45 1 year ago
This has been flagged as spam show
You guys need to stop being nagative toward each other, there is no many problems, we don't need to add more problems with nagative comments or racial comments. We are not fight one another. We ought to throw our anger toward the government. We have no money, dollar is dead. People listen and take the warning. Those who are well off now, enjoy it while you still have it, before you end up loosing everything.
sungmee45 1 year ago
You guys need to stop being nagative toward each other, there is no many problems, we don't need to add more problems with nagative comments or racial comments. We are not fight one another. We ought to throw our anger toward the government. We have no money, dollar is dead. People listen and take the warning. Those who are well off now, enjoy it while you still have it, before you end up loosing everything.
sungmee45 1 year ago 3
put goerge bushs speech up that be a laugh
jelleeee1 1 year ago
Peter - you just went down in my opinion .....
who cares if dubbya is 'a fun guy' - Hitler was probably a fun guy in a social context, still no reason to buddy up with him
jonnieprince 1 year ago
Why does all this seem like a great fucking movie?!
joepglass 1 year ago
Mr. Schiff!, Please address the crimes committed by JPMorgan in their manipulation of the Metals Market and the attempted assassination of metals trader, Andrew Maguire!
Annihilate3275 1 year ago
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Mr. Schiff I've noticed something about you... which no one else, or even yourself may have recognized...(Or maybe they have) I don't get to watch a lot of your content.
Anyways, your always going on about how we have have to save... and how we have to get out of debt as a country and as individuals... But it never seems that you mention the fact we need to get out of debt, so that we can enjoy the good things in life. Saving up for that jet ski... Or nice motorcycle.
MRSketch09 1 year ago
Mr. Schiff I've noticed something about you... which no one else, or even yourself may have recognized...(Or maybe they have) I don't get to watch a lot of your content.
Anyways, your always going on about how we have have to save... and how we have to get out of debt as a country and as individuals... But it never seems that you mention the fact we need to get out of debt, so that we can enjoy the good things in life. Saving up for that jet ski... Or nice motorcycle.
MRSketch09 1 year ago
@MRSketch09
Don't get me wrong, that's just two things mentioned. And I know its important to have money for rainy days.. etc. But I believe that this may be why you don't have more followers.. you seem to just mention the negative without placing some light at the end of the tunnel.
Anyways, I hope your trip goes well.
MRSketch09 1 year ago
Thank you for continuing to care about America despite the dire direction in which our so-called leaders are leading us.
dormerboy 1 year ago
9.7% nat'l unemployment holding steady is good news?! Moreover, we added jobs?! The so-called mainstream media sounds like a bunch of fools.
Melville10 1 year ago
Weapon01, I'm laughing my ass off!!!!
peppegg 1 year ago
lol "this is tuesday... good friday"
Guest655321 1 year ago
Tuesday April 2nd 2010? Really?
theguvnorjimmy 1 year ago
I would love to see Peter debate Warren Mosler. Warren seems to believe that the government neither has nor doesn't have dollars and that all they do is change numbers electronically.
suffbasketball 1 year ago
BE THE SENATOR IN OUR STATE! PLEASE!
misternormL 1 year ago
I don't understand what you mean by getting rid of regulations so that manufacturing companies will look for American employees. Isn't one of main issues the cost of labor - which is oftentimes a lot cheaper outside of the states - hence a greater profitability for the companies?
jellyxjam 1 year ago
@jellyxjam You get what you pay for! For every one american job you have to hire several foreigners to make, inspect, transport and monitor production. And those workers are not as skilled as ours so there is a lot more waste and inefficiency. We can't risk properly training them and sending them the appropriate equipment because their communism totalitarian governments might "nationalize" your equipment for pennies on the dollar. Outsourcing doesn't save as much money as people think.
UncommonThinker 1 year ago
@UncommonThinker.. typical American idiot.
Too bad your kind aren't uncommon enough. lmao. Absolutely wrong on all accounts, just like you've been brainwashed to think by your masters. If outsourcing wasn't cost effective, it wouldn't be done. Go back to your cave. You know nothing of business.
What do you think America has done to its own people if it isn't already as bad as "Nationalized" China? Look right there under you own nose.
Patriotic idiot. But hey, you got what you paid for, lol.
mcdonaldscalling21 1 year ago
@mcdonaldscalling21 I said it was cost affective you moron. Just not the boom idiots like you think it is. Do you really think a much of grass hut living, illiterate third world peasants can do what we ion america can do. Your the one whose dreaming.
UncommonThinker 1 year ago
@UncommonThinker
it might help your case calling someone else a moron or illiterate if you could spell "effective" and "you're" properly
QuasiConvexAnalysis 1 year ago
@mcdonaldscalling21 I said it was cost affective you moron. Just not the boom idiots like you think it is. Do you really think a much of grass hut living, illiterate third world peasants can do what we ion america can do. Your the one whose dreaming.
UncommonThinker 1 year ago
@UncommonThinker
I really don't think it's fair to say that Americans can do these factory jobs, which are jobs of unskilled labor, better than anyone else. As to what you mentioned earlier, in any chain of production, there would have to be overseers and managers.
jellyxjam 1 year ago
@jellyxjam We can do them better. But not good enough to justify us doing it. We are capable of doing far more productive things. And no, we're not using our talents vary productively. Our tax system is a common example of highly skilled unproductive work.
UncommonThinker 1 year ago
Comment removed
jellyxjam 1 year ago
This has been flagged as spam show
@mcdonaldscalling21 I said it was cost affective you moron. Just not the boom idiots like you think it is. Do you really think a much of grass hut living, illiterate third world peasants can do what we ion america can do. Your the one whose dreaming.
UncommonThinker 1 year ago
@jellyxjam - I recently read that wages are not the leading component. Liability costs, benefits, and regulatory compliance supposedly constitute the majority of total labor cost. I'm curious to find these numbers as I believe this to be fact. There are millions of unemployed workers that are willing to work in manufacturing at this moment, likely at reduced hourly rates.
mccask13 1 year ago
China and India aren't attacking countries half way around the world cuz they're worried about 'terrorism'. China and India don't waste their money financing wars for another country's benefit. The Chinese and Indians don't throw away their lives cheaply, killing some third worlders half way across the world from them. In other words, the Chinese and Indians aren't acting stupidly and suicidally. That's why the MBAs are going back to their home countries. USA has no future.
Youreallsheople 1 year ago
The only reason I've found a job is because a friend hooked me up with one, and it's way under what I should be making given the fat that I have a degree. There's nothing you can tell me to make me believe the recession is over.
thotkrime 1 year ago
@DOLLARCRISIS your 100% right!
oldwarhorse1865 1 year ago
Again I ask: What morons would rate this video negatively?
tomperanteau 1 year ago
One-third of the population believe in the Armageddon and the Rapture....That should be enough to tell you you're not living in a rational country. You're not living amongst rational people.
Youreallsheople 1 year ago
Immigrants' children are leaving the country because they don't want to live amongst stupids. Let the stupids have the country to themselves. Who wants to stay among stupids? Stupids have no logic. Go and invade a third country when the nation is up to debt in eyeballs? Logical people PAY OFF their debts before they make war. Stupids rush into war while they are broke. Then they make another war, and another war ... You can't reason with stupids.
Youreallsheople 1 year ago
thanks peter, just a note the camera looks a little out of focus or may have a smudge.
jefft78 1 year ago
America's not worth saving at this point. Best to let it collapse so it can be flushed down the toilet drain and the nation start anew. I wouldn't expend so much energy trying to 'save' the US. Better to expend the energy trying to get out of Dodge. It's hopeless. The people are hopeless. What a bunch of mouth-breathers. Invade Iran? War against "Radical Islam"? How dumb ... but the sad thing is Americans fall for it. You watch it, in 2-4 years, the US will be in Iran.
Youreallsheople 1 year ago
@Youreallsheople
absolutely agree with you 100%. fat lazy consumerist americans are the caboose of the world economy - the faster this pile of collective junk is flushed down the toilet the better.
the govt is on the right track - its assimilating the residual wealth into corporates, banks and wealthy individuals - who will take the resources and put it into good use once a new system is in place.
it should put the remaining 250m rejects into california then run a laser over the fault line.
QuasiConvexAnalysis 1 year ago
I like when Peter says things like "this is the camel's nose under the tent." LOL
OMGitssooooEPIC 1 year ago
What do you mean Americans should manufacture Apple products? Americans are only good at being killing machines. That's why it's all Americans around the world occupying nations. Americans are good obedient soldiers. They don't think much. They just do what they are told. They are easy to fill up with propaganda & brainwashing. They are easy to fool, easy to lie to, easy to manipulate. They are gullible. They are foolish. Dumb herd animals. With the mental capacity of 6 year olds.
Youreallsheople 1 year ago