Peter Schiff Stimulus Bill Will Lead to "Unmitigated Disaster"

[lisabob22]

this idiot only cares about wall street. Anybody who knows what really happened knows that Wall Street caused the problems not too much spending and borrowing.

Spending is what drives the real economy, not bonds or stock prices. The real economy is supply = demand. People working and getting paid a fair wage so that they can buy products and services. We can live without bonds and wall street. They are nothing but parasites on the real economy

[xMaXiMuSx]

@lisabob22

LoL...

Saving and investing drives the economy and not spending.. you are clueless..

[ChaoticSouls]

richard you are a moron. If he says that then people would have a fit. Peter probably as a idea that politician loves spending our money.

[TwoCocker]

Why isn't the actual date these videos were first aired?

[richardritchey]

It is not "irrelevant" If the destruction was done in ignorance by politicians, it could be reversed. But done intentionally under the noses of the ignorant American public will be devastating emotionally, physically, and financially.

I agree with what Peter predicts will happen. Just not the reason it will happen.

[richardritchey]

Peter is an idiot. He is working on the assumption that the government wants, or is trying to fix the economy which is the last thing they want. It is being destroyed intentionally for a purpose that is beyond the publics ability to believe.

[sltb4u]

I disagree with you about Peter. He has been sounding the alarm on the economy since 2007. I remember several sessions on CNBC with him being laughed at by the other guests for saying the whole thing was about to come down. They aren't laughing anymore.

And whether he assumes the gov. is trying to fix it or intentionally ruin it, is irrelevant. The outcome is essentially the same.

[lisabob22]

@sltb4u Warren Buffet gave us warnings in 2003 as did many other economists.

We had warnings in the 90s with the FED bailing out hedge funds.,

Schiff is a corporate whore who make no sense to anybody who is educated

[sltb4u]

@lisabob22 I don't care whether Schiff is a coproate whore or a monkey. And whether Wall Street caused the problem is irrelevant - the problem is here. Schiff is one (perhaps of many) that sounded the alarm and people - mainly Keynesians - laughed. Spending and borrowing won't work this time but I already know that 'makes no sense to anybody who is educated [in keynesianism].

[serialkiller1990]

@lisabob22

Maybe even he did, then he changed his mind. And a consistent mat with was right is a corporate whore.

First of all its more likely in case of Buffet from the reason i mentioned.

Second of all, many people think that if someone is saying something he must have a agenda, especially smart people. Your underestimating the power of rationalization.

In the XIX century Marxism became very popular against scholars when it was a ideology that government feared.

[Vexx00]

@sltb4u good thing this was 2 years ago. now things don't seem like they are going to reach such an outcome.

[knicks3085]

@richardritchey Destroying intentionally beyond the publics ability to believe? What does that mean?