Peter Schiff: An Obama Speech, Debt and China

[Nueroactive]

Does the USA owe China the country that steals massive intellectual property and makes inferior copies of well manufactured goods? Will China turn around and payback all the companies whom they stole from? If you voted for the blind,deaf and dumb it is because you are. You vote for what you are most comfortable with, most like you.How do you intend to solve this mental debt with in your voting selves? Perhaps to take the voting away from the defective and use no more puppet presidents.

[Avery7098]

Stand for world Equality.

[vastell]

this vide☼

is headlined at

davidicke . com/headlines/53727

--peter-schiff-of-course-were-­not-going-to-pay-back-the-chin­ese

[geo1671]

Very simple trade off--recall Russia owned Alaska and USA bought it for $32 million ,or Hawaii was stolen by uSA--why not trade them both for the money owed?

[fenrirgg]

Chinese government is more concerned about power than getting interests from the USA's debt. Buying debt is about power. Now China has the power to bury the dollar and USA's economy if they want. That's all they ever wanted: to look like the center of the world again.

[travissand]

Ron Paul 2012

[malkooth]

Man I would love someone to poast video of Greenspan taking a shit in Schiff's mouth.

[smegmajim]

Then, there was the Chinese lady that went into the bank, and wanted to exchange her Yuan for Dollars. She went in the first day and said, "I nee chain Yuan for dollas." She was given 10 US dollars for 100 Yuan.

The next day, she comes back in and says, "I nee chain Yuan for dollas." Today, she was given 9.85 US dollars for 100 Yuan.

The lady asks, "Why you give me less dollas today dan yesterday?"

To which the teller replies, "Fluctuations"

To which the lady replies, "No, fluc you Americans!"

[shada0]

Is it wise to have an investment broker, talking like a welfare bum? the rest of the world isn't stupid, you Americans have a series problem, joking around is just going to make it worse

[Mbsmoothie]

@shada0 its america we can say what ever we want, how we want too. this is just a man, choose to listen to him or not, he only represents himself. Even if I agree with parts of his argument or even this one specifically it doesn't mean we are the same person or agree on everything.

[Troublesome2008]

@shada0

He is trying to explain economics. He knows that most people don't really understand economics, so he uses simple words, and humor. He means no disrespect to the Chinese.

[Darealwhip]

@Troublesome2008 ....What economics we American do not understand...? The ECONOMICS OF CORRUPTION....? Peter Schift is not part of the solution...He is part of the problem.. The part that cover the corruption and ELICIT ENRICHMENT...

[shada0]

wow you guys are fucked

[greatriffs]

China is the world's capital of counterfeiting with coins, antiques, fossils, software, music, movies, books, paintings, clothes, tennis shoes, jewelry, handbags, toys, sporting goods, film, batteries, food, baby formula, pet food, medicine, cars, car parts, trucks and etc. The are the worlds worst according to the Intl Intellectual Prop Alliance. They are the source of 80% of the world's counterfeiting. WE OWE THEM??? BULLCRAP......THEY OWE US FOR THEIR THEFT OF OUR PROPERTY.....

[DanxRouge]

@greatriffs What?

[FreedomPirate01]

@greatriffs lol nice try

[greatriffs]

What the Sam Hill 711? LOL...

Look.....the Chinese loaned us money...and Schiff is right, we probably can never pay them back. But consider this......THE CHINESE HAVE STOLEN AT LEAST AS MUCH AS WE HAVE BORROWED. They steal our software copy and sell it, they steal our movies copy and sell it, the steal all our technology copy and sell it. They never pay for any intellectual property. So they deserve to never be paid. Old Chineee proverb say.... What come around...go around.........savee?

[DanxRouge]

@greatriffs What? Could you please tell me you are joking?

[shada0]

@greatriffs it's not just china, you owe japan just a little lass too, you also owe to: UK, Brazil, Hong Kong, Russia, Luxembourg, and Taiwan to name the big one's

[SandHill711]

Schiff is exactly right. And what are the Chinese going to do? Nothing....

LOL!

[starelf11]

@SandHill711 You American bastards are really bastard with no civilized mind at all.

[SandHill711]

@starelf11 The bastards are the U.S. politicians and bankers who are responsible for all of this. There is a revolving door between Wall St. and Washington so that the bankers truly do run the federal government and have bought and paid for the rest. The American people have been taken advantage of and are as pissed off as anyone else - except maybe for the welfare recipients.

[Angellicationify]

Clinton didn't leave a surplus but a $1.4 trillion debt over eight years. He borrowed from Social Security, part of a $115 Trillion unfunded liability, to make it seem he left a surplus. See my about me for links.

.

Allen West 2012

[FaceABullet]

All the Americans laugh about not being able to pay their debts. Well sorry most other countries do honour their debts. Because of all the money we had to lend to fight WWII Britain was still rationing food like meat and butter over TEN YEARS after 1945, The British people had to put up with austerity measures until the 1980s! But we repaid every penny that we owed. And we're supposed to be the bad guys, for shame!

[TheModelification]

The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.9 Trillion The debt right now is $13.736 Trillion. In approximately 666 days in office, he has accumulated $3.066 Trillion. Using simple algebra you'll find by Dec 2011, Obama will have accumulated more debt in three years than George W. did in 8 years.

[RETIREMESOON]

@TheModelification If your wife comes from another marriage with 150,000 of student loan that you didn't know about and you both spend $50,000 on the wedding the interest payments are gonna pile up. Then someone blames you for being an idiot because you can't pay all the bills because of all the interest payments that are compounding.

If George followed Obama and recieved a sinking ship with a HUGE DEBT then he would be in the same position that Obama is in.Canada feels for Obama :0(

[TheModelification]

@RETIREMESOON

.

You're joking right? Obama spent in two years what Bush did in eight years. Yes you can and need to blame Obama for contributing to our debt.

[RETIREMESOON]

@TheModelification Yes,in hind sight I may be making excuses for President Obama.

You are right to want accountability from your leader.

The young people under 30 are going to have to pay off these debts for the rest of there lives.

I'm Canadian and 51 with a secure future, CPP at age 60 and an old age security with paid health care for life.

If I was in America at your age I would be pissed and rightfully so....sorry man.....your right and I'm definetely wrong about this.

[seajist]

@RETIREMESOON i am not worried. i am just going to smoke a bunch of crack and fuck the system

[RETIREMESOON]

@seajist .......Don't do the crack....man.....although that is tempting compared to THE GREATEST DEPRESSION. Come to Canada our dollar is going up and we don't print money and have all the clean water. Watch the Documentry called "Rubber Tramps" and drop out and live in an old RV so you live on 10 bucks a day.You work when you can and vacation most of the time. Beats the hell out of any other alternative except buying Silver and Gold.

[seajist]

@RETIREMESOON that sounds tempting because i was actually considering buying a cargo van and converting it to a mobile home and just living out of that shit

[RETIREMESOON]

@seajist .......I didn't want to offend ....but....why pay the tab for the rest of your life ?

There is a good community of people that are actualy free out there !!!!

The game is rigged and you can either buy Gold and Silver __OR__ drop out and roam around in a Spriter Van with a nice high roof being FREE AND HAPPY :0)

Could be the BEST/WORST thing that evr happened to you.

I almost retired and had a lifetime pension ...but....shit happens so you make lots of nice cool LEMONAIDE

[bellcord]

This speech was a year an half ago and Schiff is shown as a fraud and a false prophet...and since he got his ass handed to him in the Repub primary he ain't much of a politician either..

[forestskog]

@bellcord why would you say schiff is a fraud?

[bellcord]

@forestskog He recomends stocks that were criminal fraud...he states with assurance that gold would be at $5000 (at the end of 2009)...his company Euro-Pacific has lost 40 to 80% of investors money...his own father is serving 15 years in prison for tax fraud..(puff.puff..pant)..he stated the dollar would collaspe (by 2009)..He rails at American's to tighten their belt while he lives in luxury ...etc.,etc.,ad nasuim

[forestskog]

@bellcord OK well if all that is correct then you have a point. I'm not an economist (not even close). I only know of schiff hearing about his correct prediction in '06 that the housing bubble was going to burst.

[Antiks72]

@bellcord Gotta love how he says "ordinary Americans" are going to have to tighten their belts. How about the fucking scum-sucking rich? They pay pay less taxes than I do thanks to crapital gains being around 15 percent, and this STILL isn't good enough for them. 

[bellcord]

@Antiks72 Darn right..as Warren Buffet points out , he pays less taxes then his secretary..

[pretorious700]

Obama should be forced to watch this vid every day.

[Antiks72]

@pretorious700 Obama doesn't fucking care. Obama is going to one day be out the door, and then make a lucrative living giving pretty speeches at 5 grand a plate. It's not called The Oligarchy for nothing.

[arka67]

they should put that speech on CNN and rest of "main media"

[BurnOutXL]

I love the part about predatory lending. Who will future Presidents blame for the last 60 years around 2030?

[mrearlygold]

LOFL, this has got to be the best one. This guy as VP and Ron Paul as President. What a team that would make. Would turn this whole place around right quick. Would become the most prosperous period in world history. 2012 is right around the corner.

[delyshBB]

I'm laughing out loud each time I watch this! LOL

[bellcord]

What this discredted meglomanic doesn't mention is the United States in 230 years has never defaulted on it's obligations ...that's why the Chinese and the rest of the world buys our T-Bills...He also predicted the US economy would crash...in 2004 and 2005 and 2006 and 2007 and zzzzzz...

[Voy2378]

@bellcord

And he was right. He never said that it will happen in 2004 or 2005. Those were the years in which he made his predictions.

@"United States in 230 years has never defaulted on it's obligations ..."

I agree... also house prices never go down.... oh wait... :P

[bellcord]

@Voy2378 Check it out, he's been tellin' us that gold's going to $5000 for 2 years now...Gold closed Friday at $1238....that ain't $5000 Jim...but please buy into his fairy tales...just don't buy into his father's...his old man's doin' 10 to 15 in the Federal slammer for taX FRAUD...

[Voy2378]

@bellcord

HIS FATHER IS A TAX PROTESTER AND CAPS DON'T MAKE YOUR POINT STRONGER.

And gold will go to 5000$ unless somebody finds a way to mine/create gold cheap. And agains Schiff never said that gold will go to 5k in 2010. He said that gold COULD go to 2000$. But he never makes predictions like that- he always tells that almost nobody can't time market so he prepares for what he knows will happen, although he doesn't know when.

[bellcord]

@Voy2378 Great voy, here's a hot tip for ya...the Sun's gonna Supernova and take out the inner planet's ...better get more fire insurance...in 3.5 billion years...

[Voy2378]

@bellcord

LOL

you obviously have no idea about Schiff or his predictions. So I'll perform my SOP here:

You should invest against Schiff recommendations.

Short gold, buy us bonds.... buy US car companies.

enjoy your gains. :P

[bellcord]

@Voy2378 makes sense...

[delyshBB]

@bellcord lol, I did love that Skyworth Digital stock that he recommended in 2009 that made me 1400%... :D

[bellcord]

@delyshBB Considering Skyworth's founder and chairman didn't make bail until July of 2009 for fraud and embezzlement I think you must of done great and it's currently holding at 55cents a share (about 8cents American) so you must hold a hella of a lot of it too..

[delyshBB]

@bellcord I sold it before it fell and even if I wouldn't have done that, it would still be 5 times more than when I bought it. Like this, I made about 14 times. :)

[redsoxx2424]

"You guys are predator lenders!" lol, sounds exactly like obama

[aviomaster]

CCCP fell  USA is on the way ...

USA goverment is evil enterprise leading the world into WW-III

[eventuallythetruth]

I love this event. Watched it a number of times. Peter comes across as a crackpot but under it all it's backed up by rock solid logic and economic theory. As others have said his truth sometimes is just too much!!

[iviewutoob]

Typical Americans.

[flapplewapple]

So the Chinese are being blamed for helping the US? I think thats some selfish bullshit.

[flyerandy]

@flapplewapple ... um ... he was being facetious ... :P

[TheProgressistViewer]

@flapplewapple No, he was being sarcastic.

[delyshBB]

@flapplewapple he was mocking obama blaming banks for being predators. lol

[aviomaster]

- USA loaned money to homeowners and kept interest rates too LOW for too long cause CHINA was saving  a lot ,

That is the reason , and their savings will have to go bak to USA.

CHina is on the better side of crisis, no doubt about it.

[delyshBB]

@aviomaster the problem is china's peg to the dollar, not that they are saving. if the peg didn't exist, the savings wouldn't have came in the US.

[GLADIUSBRAZILIS]

The Brazilian Government loaned 240 billions of U.S. dollars to the U.S.. Why? With that money we could buy apartments in Miami for all people of the slums.

[steigerpower]

Go Peter in 2010 and best wishes too.

[Skelotubbie]

You know, if everyone in China saw this, all the investors are going cash in. Then the economy's going to go to shit again...

[guoyp]

I'm a chinese and I will do it as you said....hehe, relax~~~

[Skelotubbie]

You saw the news right? Chinese government cashing in while the Americans still got the shit.

[aviomaster]

-- Peter Shiff ,,,, is very dangerously right

But his idea , of cutting credit to the USA economy , or cutting credit to the working Americans , means --- USA becoming at least 40% poorer .. Tim Geitner went to China to beg for more MONEY.

[cancanbiker]

We have to cut government spending. That would mean ending the ineffective wars like the war on terror and drug war, huge bailouts to corporations that cant manage themselves and huge politically influenced banks. Anyone can see the real solution to this mess. Once the government can longer squeeze enough money from taxing they print money or borrow it.

[1cherrylane]

@aviomaster .... watch the entire speech here on u tube.... Peter claims it's a bad idea to beg for more of China's citizens' savings to finance the U.S. economy.

[Floccini]

The Chinese did not lend us money to get paid back, they lent us money to make their exports cheaper.

[abc56975314]

Only if everyone knew the story like you do.

[bigpaul420er]

i urge china gets every penny back with interest, man face it america will never have the money to pay back every cent ya has done digging ya own grave

[rw5791]

wow,shiff is running even with the once omnipotent chris dodd.

[CurtHowland]

Why buy? Just hold up a few hundred billion in treasury bonds and say, "We'll take that one, and that one and that one over there too."

Former USS Ronald Reagan, simply renamed CCN Mao.

[banjoeyes1234]

Peter tells too much truth.

[mirandaywwang]

This Peter guy is encouraging racism and conflict. I guess this is the downside of freedom of speech--to have losers and idiots like him talking about what matters what he knows no crap about it.

What a retard

[MisterDajjal]

Yes, someone who is the CEO of a large international market firm doesn't know about the market system. How is he encouraging racism?

You are an idiot.

[nurbSoldier]

Excuse me, what the FUCK are you talking about? Are you smoking some goofy shit? No one but you is talking about race, retard.

[bigpaul420er]

i am smoking on some diesel shit dip shit well i am talking about some race shit soldier lol

[Cobra666Commander]

You are one dumb bitch.

[bigpaul420er]

hahaha bunch of stupid gutless white motherfuckers i guess your grand daughters will be sucking Chinese dicks for a living

[rw5791]

USN submarine nuclear strike force.You ain't gettin' shit china,what the fuck you gonna do about it.

[Dorkus89Malorkus]

One solution: scrap the federal reserve and take back the money from the banks and large corporations that have been stealing from the people all along.

[WhereDidItAllGo7]

"Eye of the storm"

[racenemo]

It sounds funny but if it was the other way

The US would go there and get it

[slaimanpost]

He is wrong, there is a way look at how the sweedes did it at the 90s

[GlobalMinority]

I wonder when the US collapses monetarily what land assets China will claim? Or will they just show up on the west shore of the US with Russia showing up on the east shore with their military might to exercise their take over. Think this sounds far fetched? Think again. A perfect opportunity because OUR military is in the Middle East NOT for the protection of the USA! That is for sure.

[MotAdvNSW]

China will not claim 'land' off the US, nor will it, with or without Russia, suddenly appear on the US west shore for a full-scale invasion. Need to calm, too many scare scare movies I think.

Peter Schiff is simply trying very hard to educate American's in particular about the perils of living beyond ones means, the need to be fiscally responsible - both for individuals and governments.

Ignoring his concerns will be to serious detriment down the track, governments & folk must heed.

[thomaserossi]

What I find remarkable about this video is it's so tragic, yet hilarious. Peter Schiff is an economic and comedic genius.

[cstcomputers]

Straight talk and truth I love it...

[tgwchicago]

thats funny and true.

[theprolifeguy]

China has enough of our money...Consider it even steven

[handianus]

Debt you mean : P

[IwantaYBaccount]

LOL. peter schiff. what a joker! He thinks he is samrrt. Yes, US might depreciate the US dollar to reduce the debt, but unless president of US got drunked, he wouldn't say those bullshit publicly. when it comes to economic inetests, Japan, China, Russia, Eu would allies to force you to pay back the money! NO money?? LOL cut the land!!! You got nukes, so do we!

[IwantaYBaccount]

In now days' world, it is hard to use war to destroy a giant country, but financial war, it would, just like what west did the Soviet. The creditbility of US dollar represents the fate of US. US as a country is strong, not becuase USA as a country itself, but becuase of US dollars' monopoly and domination on international trade reserve, US took the advantage and consume other coutries; resource just by printing the green paper. LOL when you lost the credit of the green, USA lost everything.

[IwantaYBaccount]

country and individual do not differ so much when it comes to credit. banrupt ppl had to sell their hourse to pay bakc part of loan, country would need to transfer their territotyi. Yes, there are not countries in this world have the ability to independently beat down US, but under common interests those cheap ideaology allies to gang up with "communists" to fight with USA.if just spend 2 trillion dollars it can bring USA to knee, I think it is totally good deal.

[satuon]

IwantaYBaccount, that would have been the case before the invention of nuclear weapons, but politics aren't the same any more. You can't just go after a nuclear power just to collect debts.

[IwantaYBaccount]

Russia and China and French are all nuclear powers. US don;t dare to use nuclear weapons against those countries. If US did, so does those country dare to fight back. So US had to fight in conventional way, and US stands to lose. US's nuclear threat trick is only good to bully Japan, Korea and other small nations.

[modelmark]

still I am not so sure the chinese govt interests are below the american citizens interests.

The money stream from China has to come in voluntarily, the one from the US taxpayers is involuntarily. Obama can increase taxes and cut programs and he just needs some prisons, water boarders and riot police. To keep the money coming from the chinese gvt is a lot more difficult. Not even an army could pursuade a nuclear armed China. They need to be seduced to pay, the US taxpayer is coerced.

[ktchong]

The money stream from China into the U.S. is not entirely voluntary. It's mostly because of the lack of any alternative for Chinese (or anyone else) to use and store their money. The U.S. dollar remains to be the "reserve currency" of the world, a legacy of the aftermath of World War II.

[Elbottoo]

Wrong again, uneducated worm. The money stream is partly voluntary and partly unvoluntary. But to claim that their is no alternative for the Chinese is a fking joke. The US dollar and US treasuries arent even safe anymore. Only uneducated worms would claim such nonsense.

[modelmark]

true in the sense that the chinese gvt has a coercive control on the money supply. The chinese don't give these result from their labour to their gvt voluntarily. But given that coercion, Obama still need to convince the chinese gvt to pass their coercive proceeds to him. Both gvt have coercive ties to their own people, but both coercers do not have coercive ties to each other.

[souloperative]

The US is quietly killing the US citizens via contaminated air, water, and food with their nano replicating algae.

once they are gone the Chinese will get the land and move right in.

[harvestobe]

lol. impossble

so it's  good for Noth corean having Nuke

[ktchong]

There is a third way the US can default.

Start a war with China.

[gustavo3322]

you are right. it's sad but true.

[Elbottoo]

Wrong. A war with China doesnt wipe out your debts. The debts, the little pieces of paper, dont simply disappear because the US choses to send an aircraft carrier to Asia.

Not paying the debt, is also not an option. Because the little pieces of green paper in your wallet. Well they arent actually worth anything. They are "IOU" papers. A number is printed on top and when you walk into the bank, the bank will guarantee to give you that number in money.

The system will crash if US dont pay.

[ktchong]

Going to war with China *is* an option. Down the road, war will become more and more of an favorable option for the U.S.

If the U.S. go to war with China, then the U.S. will have the prefect reason not to pay any money to its "enemy".

If the U.S. defeats China, then the U.S. will force China into accepting all sorts of unfair treaties and settlements -- including forgoing all the debts the U.S. owe to China. That's the prize of winning a war, and that's the prices of losing a war.

[Elbottoo]

Like how Weimar Germany never paid its debt to the "enemy" amirite?

WRONG. The financial system is not based on "ally" and "friend" notion. Its based on the fact that people trust you to pay up when they collect their money. Such a system will COLLAPSE if anyone refuses to pay its debt.

In the case of the US, this will result that NOONE, not the Middle East, not Europe, not Russia, not Japan, BUT NOONE will ever LEND money to the US again. Investors will also stop buying US treasuries.

[ktchong]

"Wrong. A war with China doesnt wipe out your debts..."

It does if the U.S. wins the war, in which case China will surrender or be wiped out. A defeated/terminated enemy can't collect on debts.

[Elbottoo]

Resulting in the total collapse of the US.

And finally, US cant win a war with China, you dickhead.

[ktchong]

Depends on where the war will be fought. If it's fought inside or around China, then the U.S. can't win. It will be a protracted war of attrition, which the China has been very good at fighting.

But if it's fought overseas from China, then China will lose. China remains to be the only power in the world without a blue water navy nor the capacity to project military overseas. Then again, unlike most any Western power, China has never meddled nor fought in places far away from home.

[Elbottoo]

Wrong again. China has the most advanced stealth right now but you dont even know it. Chinese submarine came close enough to US aircraft carrier without it even detecting it! And when the Chinese left, they still couldnt detect the Chinese. This means that China can take out US aircraft carriers without any problem. You just dont hear about it because they like to keep you stupid.

The US military is scared of China right now. China can beat you easily.

[Guff1e]

Hahaha, great video

[aviomaster]

-- Peter Shiff is ssoooo right , amazingly right ... he was talking about houseing bubble in 2002 ,,, can you imagine this.

[NoticeOfDefault]

great stuff

[madness400]

u know after this no one will give u money again and also...your doing what you twats done to get in your mess

[BasicEconomics]

28% of the entire US national debt is owed to foreign nationals or foreign nations, of that 28% China holds 24% of it, meaning that China hold less than 7% of the total US national debt.

If China wanted to get their money back they would have to sell their US debt instruments on the secondary market. Most US debt instruments are not redeemable for 15-30 years.

The debt is financed in a way to safeguard against the very scenario that Schiff is talking about

[LiqianGui]

I am only sorry for your rudeness and stupidity. Just look at your user name. Don't waste any time writing to me. Your dirty language has disgusted me enough.

[toybandit]

Stop acting so sensitive son.. I don't recall being rude or using any dirty language. I would never talk to my kids like that..

[LiqianGui]

Why is American economy in such a mess right now? It's because of this stupid guy and his laughing audience. So sad. With these people working in America, American has no hope at all.

[toybandit]

He is making an example of the US government and he is not insulting the Chinese in anyway.. get it??

[LiqianGui]

who is this? do i know you? how dare you talking to me like that? i don't know about you. but from my perspective, he is.

[toybandit]

You can call me daddy.. son! Your mommy never told you about me? She got my child support and never wanted me to see.. I can understand why that you grew up all clueless..... Its ok now.. you have questions.. come to daddy..

[kxr3504]

I'm sorry man, although this is none of my concern, I have to say. You need a real daddy to guide you. If god can't help you, I hope somebody else does.

[0cyris]

This "stupid guy and his laughing audience" are the ones who predicted this entire mess over 2 years ago. In fact there's a clip of Peter Schiff from 2002 talking about the coming housing bubble.

We're in this mess cause no one listened to these guys and now they still aren't so it's only going to get worse.

[dlmaniac]

LiqianGui, you are in dire need of improving your listening comprehension. Peter Schiff is not there insulting Chinese. Both he and the crowd were laughing at the nonsense US government got themselves into.

You are right about US has no hope tho, especially not that Obama the clueless is in control.

[rocksiphone]

Sometimes its hard for me to believe the Chinese loaned us all that money, I mean why would they trust us? Could it be that the Money Masters / Elite loaned us the money they stolen from us threw China? It's just funny how the Chinese would want a new World currency, why would they want that money to be controlled by the IMF which is owned by the Elite? Seems like they (IMF Mob) put us in debt to introduce their new currency to us. Something Smells Fishy

[iljc82]

i dont know about the imf conspiracy, but why the chinese loaned all that money? well, they now are in the position that the US was in 50-60 years ago, when the UK was overstretched. (political) leverage may be expensive, but it's okay

[pretorious700]

Dark humor

[Khamomil]

It's kind of tragic that he got so many laughs speaking of welshing on the debt to the Chinese.

[leppy111]

say good bye to your economy

[nolanlouie]

vipero: the whole speech can be found at the Mises web site...excellent web site for Austrian economics (just remove the spaces):

h t t p ://mises . org/ media . aspx ? action = category & ID = 137

[sysopkc]

Its become a big mess none, a BIG mess. To much special intrests, not enough common sense.

[vipero00]

where the heck is the rest of this speech?

[none2787]

Peter Schiff on friendly territory is actually funny :))

Peter Schiff...hmmm...best Americans are of German ancestry.

That includes Ron Paul. His grand-father was German.

Ohhh, America...what have you become...

[dirtynas]

ROFL

[grayxy]

Truly ironic.