Many people have little to no understanding of how the Federal Reserve works and/or our monetary system. Bet the book or look at the video clips here on YouTube."The Creature from Jekyll Island And outstand work done by a loyal american gentleman. He starts at the begining,1913 where the Federal Reserve was thought up by some very ruthless bankers and congressman/lawyers. Your most loyal servants,Bankers,Congressman,Lawyers. What a great bunch of guys huh? Well get going. We don't have much time
Collapse is a mathimatical certainty. You borrow money into exsistance.(That is how money is created)So in 1933 you borrow $1 and it is the only dollar in exsistance,where do you get money to pay interest on the $1 you borrowed? You can't. You have to borrow more money to pay the interest on that first dollar. You must also pay interest on that money. Where do you get that? You borrow more. You can add zero's to the $1, it all works out the same. This is why debt kills families. And nations
@Zimnyification Please stop and think about it again. If I print only one dollar. I gave you the only dollar in exsistence let's say, where are you going to get the money to pay the interest on that dollar if I have not printed anymore money? You can add zeros to the 1 if you want. It all works out the same. That is how the debt becomes endless. I print the money and loan it to you, but I do not print the interest you need to pay me back. Hence the collapse of our money system
From the age of 5, when that school bell rings, you stand in line to be fed the same indoctrination, lies and falsifications of history as previous generations... only enough education to function in their factories.
The whole world is in the same state,looks like a plan to me. Those running things do not care about you. Beware when the solution steps in, because it will.
People who put their faith in a government that owes as much debt as our government would be a fool. To take comfort in this economy climate would be like put shorts on in a snow storm. We must prepare for austere times. Family must create their own stimulus plan to ensure they will be able to survive the storm. Invest in precious metals to hedge funds, buy freeze dried foods to counter food shortages, and pray fervantly for those who have not. It's a ten virgin situation at this point.
The governments around the world are marxist in their economic ideology and that is why things are going to crash. You can't print wealth folks and the socialists think they can. Bottom line even the tax collectors in Greece are ging on strike. What a joke on Papandreou's family and so-called legacy who pushed this garbage ideology down the peoples throats since 1975. Pay it up folks. Time to pay it up.
tell it like it is Pete! Calling a spade a spade. That's the way I like it uh huh uh huh. Peter is basically saying that the US government is a socialist governent. Whats funny is that he's right and the socialists like to blame the invisible hand for their problems which is exactly why Adam Smith was absolutely right in the wealth of nations. These communists/Marxists are so stupid its unbelieveable. The entire idea ofmarxism is that a gov't can control the will of the market and that is insane
Technical problems my ass. The NWO just didnt want the people to know the truth. Regardless censorship they will either way. Fuck the NWO. Wake up people. The time to stand together and fight is now. REVOLUTION IS REAL.
Stimulus packages is like giving a long time heroin addict another shot of heroin when hes sick. Sure, it will make him better for some time, but it won't help in the long run and it will become worse. Who drinks Vodka when having a hangover? The US economy.
Obama stimulus IMHO didn't work but at least it was a waste of 'BILLIONS'. Iraq WAR? TRILLION WASTED and thousands die for nothing. If Ron Paul will run as an independent I'll vote for him. And NO, I don't give an F if it's a lost vote since I hate both major parties equally.
@sangolt88 I'm in TX and hate TX Republicans. I registered Dem hoping to vote Repubs out. Too many cowboy hat Evangelical lawyer nuts & they blindly supported Bush thru thin and thin. The city I'm in refused to broadcast Obama's 1st speech to my kids in elementary school. Not a big fan of his but this city is run by 45 hrs weekly of Beck, Limbaugh & Dobbs which is B.S. There's as full of crap as MSNBC is. Complete one-sided biased crap & people believe it.
@rleary1 So its too late to change for Republican? Its worth to change for Paul, but if its too late you gotta make up your own opinion. It might be Obama vs Newt LOL. And I agree on politics and the way its is displayed in media, and people cant be independent enough to make up their own opinion. Ask an average 'Joe' if we should bomb Iran, he will likely say yes, and say they are a threat. Then, when you give him a map so that he can pinpoint Iran, hes clueless. Its fucked up.
I don't like this guy either. He might be right about some things, but he is a pompous ass. Just watch his trip to Occupy Wall St., the moron wouldn't stop talking about "capitalism" blah blah. Normal people don't talk like that. Oh and during Thanksgiving, he said the Pilgrims were communists and that is why they nearly died off. Not because they landed in cold ass New England and had to start from scratch. Nope, its because they were communists. Fucking jewish idiot.
I just love the straw man she tries to throw around 3:45. Invisible hand blah blah blah . . . . Her attempt at a argument was so easily dismissed they had to cut him off. Hehehe
Let's see...banks went profitable again (Schiff was wrong), GM went profitable again (Schiff was wrong), and, when DINObama bailed out GM, he forced the unions to negotiate givebacks (Schiff was wrong about what was going on). Way I see it, the guy's arguments don't stand up to time. Think what you want, but the bail-outs worked. Only problem is that we need to hold people accountable for these failures.
GM is profitable now? They didn't have 100 billion in loans forgiven and removed from their liabilities column? News to me! Which banks were profitable again? Please show your work.
@PiratesWonderful I had the web addresses of two articles showing what I was talking about, but the posting software gave me an error when I tried to share them. It doesn't take much of a google search to find the articles, though. Try "GM Profits 2011" and "Bank Profits 2011" to get the info.
@nokia3210fuck Though your reasoning may have facts to back it up, you suffer from a common problem for conservatives: the inability to distinguish facts and opinions. It is not a "mathematical fact," it is YOUR OPINION. It may have good reasoning to back it up (I am accumulating canned goods and advise you to do the same), but it is still just an opinion. Please learn the difference. It will help you immensely, especially when dealing with the likes of Fixed Noise.
It is indeed a mathematical fact and not an opinion. Let me explain.
The problem is that the volume of money is not fixed as it would be with a gold standart.
That's why the FED can "print" so much money.
But they don't actually print money, they just lend money. And if you lend money, money can be created out of thin air. The problem is that if there is debt there needs to be an equal amount of credit or assets.
@nokia3210fuck 1) I am very much aware that, in Capitalism, there is always more debt than there are assets. This is only one of the reasons why it must not be allowed to run wild.
2) There is another way: the debt isn't paid back, and assets used as collateral are transferred to the lender. This leads to a concentration of assets in the lender's coffers.
Because of this, your theory falls apart.
In a practical sense, there is still faint hope for the US--a "mathematical" chance..
Because there is much more debt than assets are worth transferring these assets to the lender is not sufficient to pay back the debt.
So you must give assets more value by giving money less value and so devalueing the debt.
So massive inflation is inevitable.
By the way if you gave assets to the lender America would be owned by the Chinese and Japanese because these countries are the main creditors of the US debt.
Doomsday predictions are a tricky business. We’ve come out of severe recessions before. It’s easy to think the game has changed, but history says that’s very likely not the case, especially since people were predicting doom in each of those recessions, too. If you want the truth you can't be afraid to go looking for it. Mr. Schiff is not coming from a place of honesty and truth. He serve's private interests not democracy.
WOW! It doesnt get much more deliberate than that.....Im glad somebody caught it on video!!! The government may have just hit the FEMA button testing their emergency broadcast system which we now know they are preparing to test nationally in November. The system is in place to shut down or takeover all networks at once or individually. Get to know your neighbors and friends well because scary times are around the corner.
@helobelow I am glad you bring that. I was just reading some blogs and it surprise me that one of the participants wrote the same. The guy claims to be a firefighter in Kansas. He said his unit received a email: to be ready for Nov 9 at 1pm, for the first time ever something like this will happen...if you know more about this could you share information?, thank you
@xyvsz Let me put it this way. The syatem is in place. If they started methodically declaring martial law on cities(which is where they start to control the greatest numbers of people) they can shut down the entire media to prevent the nation from knowing whats going on before it's too late. They also passed the internet over sight law that allows the government to control that as well. They can fill these venues with all the propaganda they want and the only way to communicate will be verbally.
@HighlanderWallace Politicians are good at one thing; Politics. You don't see economists running for office, you see lawyers. You don't see Engineering running for office, you see Liberal Arts majors. They're useless people that we give ALL of our power to.
Schiff family was connected to the Rothchilds and the fall of the WORLDS LARGEST CHRISTIAN NATION in 1917 (Russia). I'm not sure if it's the same Schiff family but they supported Lenin in the overthrow of the Christian czar
So we are living in an age when government is way too big. And it’s time this government act properly, and that is to protect our freedoms. - Ron Paul
I watch CNN all the time and I have never seen anyone be cut off like this. And the anchor say "this happens all the time"...........wow, big brother made himself known.
Capitalism offers more things to believe in than any system that has ever come before. Nearly every faith, from Christianity and Buddhism to Islam and Marxism, promises to raise the poor and the oppressed. But only capitalism delivers what these ideologies and religions profess. Capitalism lifts the poor and helps them live their dreams.
@UnitedCorpOfAmerica The Corporation has in common with the Church that both are institutions of power these days. True, one must have different values to accumulate power in a religion than one must have in a corporation, but both allow people to accumulate power within them, and thus both are corrupting influences.
@econogate No. Unregulated, Capitalism leads to a society of the filthy rich and their slaves. It almost happened 90 years ago and that's why we had the New Deal. We started going back to it and now things are almost as bad as they were then, getting worse, and will continue to do so until we realize that Capitalism Gone Wild is the heart of the problem.
@cpuwrite Stop right there! Unregulated? The mortgage market is certainly regulated and the government has had it's hands in the housing markets FOR DECADES! The banking industry is one of the most regulated industries we have. I could also include central banks as additional unwanted injection into our free market economy. Only someone who can't read, is ignorant, or is purposely misleading people (lying) would conclude that we had unfettered capitalism in this country causing our crises.
@sdogg1m YOU stop right there. Look up DC Douglas' "Why #OccupyWallStreet? 4 Reasons." right here on YouTube. Listen to the first minute and five seconds of the video. Tell me that Elizabeth Warren "can't read, is ignorant, or is purposely misleading people (lying)." Make me believe. Enron. The Blackout. The Crash. The Spill. All of these, and others (Warren mentions two others) are because of insufficient regulation, too much lazzies-faire capitalism. It doesn't work. Period.
@cpuwrite Those are FAILURES in business. Not every business succeeds, there is ALWAYS risk. Anyone who doesn't understand that capitalism involves risk doesn't understand capitalism. You know what else fails? GOVERNMENTS! I would rather minimize failure to business which affects a smaller percentage of people then maximize failure with a strong centralized government that has its hands in all industries. Capitalism trumps socialism and communism EVERY TIME.
@sdogg1m Failure and recession are the natural state of Capitalism. It is ONLY when the government intervenes with socialistic measures that this changes. Capitalism run wild gives us a world of the filthy rich and their slaves--as you can see happening in this country RIGHT NOW. And as to your comment about there being less risk in the failure of business, the whole reason the big banks got their bail-out was because they're bigger than the government and could drag it into failure.
@rw0524 Have you ever looked into what the so-called "free market" really is? It's an impossible theory that requires two impossible preconditions to function. Corporatism is the natural end state of Capitalism. They are one and the same. The illusion of a free market is a temporary condition, unless governments intervene with measures that libertaritards call "socialist" to prevent Capitalism from taking its natural course.
@cpuwrite This comment reeks of jealousy. I have worked for several employers and never thought of myself as a slave. In a capitalist society if one chooses they can work hard, live frugally, invest wisely and if they choose start their own business. In a socialist society, they are slaves to the state. Sure you may get a paltry provision but earning your way out of a meager existence is extremely difficult as the government robs you of much of the profit you earned.
@sdogg1m (2 of 2) In a capitalist society, one work hard, live frugally, and never obtain the means to invest wisely. These are called the "working poor.” In a socialist society, one does not need to rely on the fickle judgment of those in authority (this is referred to as “individual responsibility”) just to survive. Slaves to the state? Be careful when you use statements like that. The intelligence you insult may be your own.
@sdogg1m (1 of 2) Your comment is redolent of arrogance and delusion. Do not try to read my mind and tell me what my emotional state is. You can't.
I, too, have worked for several employers, and often thought of myself as a slave, especially when the cameras were pointed at ME and not the management, when management was on trial for embezzlement. I have also worked beyond the limits of exhaustion, and all I have for it is scars and healed-up broken bones.
@cpuwrite Also, no one is going to provide for you the things you desire. If you want a better life for yourself then go earn it. Once you attempt that then your philosophy of economics and government will change.
@sdogg1m That's enough, you stuck up jerk. The arrogance I could stand, but when you add in false statements, you cross the line.
You write as if I've never worked a day in my life, and as if I don't do at least some work in an attempt to earn money every day. That's a crock. Please read previous comments. I have already indicated that at one point I worked myself so hard that I ended up in a hospital.
So which is it? Are you a compulsive liar or an idiot?
@cpuwrite Either you have never worked or you don't want to work and just have the basics in life given to you. Those provisions are made by someone! An individual has to put in time, energy, and talent in order to pay for the absorbent taxes to fund what seems to be your desire to be lazy. Nothing is holding you back from earning a better way of life except the punitive tax structure and the burdensome regulation our government puts on us.
Then instead of feeling like you are a "slave" to your employer, you can then become a slave to the government. All of what I speak is not arrogance, it is a FACT jack! Back to your initial problems of jealousy, I have no problems with you keeping the lion's share of what you worked to earn anymore than I would Bill Gates. You are the one who seems to have the problem and it has warped your view of sound economic philosophy.
@sdogg1m I see. You can't make a rational argument, so you've started making the ad hominem attacks. That's efficient! You're arrogant, petty and pathetic in one neat little package. Better yet, you sound like one of those delusional morons who are trying to tell me that the worst unemployment this country has had in 90 years is due to a sudden outbreak of laziness! That's comical!
@sdogg1m Ironically, I agree with you about the punitive tax structure and burdonsome regulation. I just happen to think that the tax structure punishes those who aren't already wealthy or big corporations that channel money to them and the burden of the regulation falls on the "little people" while people like Timothy Geitner are above the law, and that letting Capitalism run wild will only give us more Enrons, more Spills, more Blackouts, etc.
hehe I'm probably asking for trouble for saying this but..... CNN is the most trusted worldwide news network! It's just a minor technical glitch that caused the cut-off of the interview nothing more..... :)
This commentary is absurd. It is true that the banks are corrupt and should be punished but the answer is not to have let them fail because the only one that that would hurt is the common person and not the rich and there would be run on the banks. It is all this hoopla about no government that caused these banks not to be regulated and they spread their tentacles around the throat of the economy and choked it off. Those who think that any society can be run without any oversight are deluded.
@UnitedKorean It doesn't have to be the jews don't you see they want to pit us against each other. If we wish to win against the Nwo and secret societies and elitist we must stand united against them.
Evil is not confined to a particular ethnic group... keep that in mind when speaking against Spielberg, Michael Moore, Anne Hathaway, Jesus Christ and most Apostles... lol.
fuck this idiot under me they wrote the fucking bible moron how do you think they predict the future so damn well, how to survive the greatest depression of all time simple... buy 5-15 years food supply, OWN a lot of guns only kill people with them use sling shot on small game, and last need a fuel supply matches and wood should work well good luck i hope only the strong survive so we can kill these people who think we deserve to die
in other words, a global monetary collapse and the resulting food shortages worldwide, literally of Biblical proportions. this won't effect any one nations. this is an all encompassing prophesy affecting everyone. it will set the stage for the Great Tribulation and the last day of that being the day and hour no one knows: "the great and fear inspiring day of Jehovah" (Joel 2:31) Armageddon. the NWO and it's demonic members will be crushed by Christ's Kingdom. (Dan 2:44; Matt6:10) it's about time
@52111centrumcz yeah if it were only that simple. so let's all just assemble an army of civilians right now while we still have the time and replace all those in washington. i mean it's just so simple isn't it? how many people like you have said the exact same thing and yet we're at a breaking point now. if it were that simple to replace them folks would have done it by now. but we have no power. no protest no matter how big will change the minds of the worlds leaders.
@WCherokeeW egypt did it, they stopped working, the whole country shut down, the only difference is that they were united, while america is still divided. If you wanna take action for the country dont expect to do it alone. I mean if revolutionary minds never thought outside the box, we would still have slavery. so what is stoping you to make a difference?
buy neither silver or gold. this is the reason why. This whole event was foretold by Jehovah thru his prophet Ezekiel in chapter 7 vs. 19.---"“‘Into the streets they will throw their very silver, and an abhorrent thing their own gold will become. Neither their silver nor their gold will be able to deliver them in the day of Jehovah’s fury. Their souls they will not satisfy, and their intestines they will not fill, for it has become a stumbling block causing their error. "" Say your prayers.
journalists towing the gov. line. the fourth estate has married the first estate. what kind of children will they have666 stay tuned people...dont touch that dial.
The entire media is essentially doing this to Ron Paul right now, only they don't even allow him to get the conversation started (before they cut him off). Dr. Paul won the New Hampshire straw poll with 45% of the vote, compared with "national front-runner" Mutt Romney at 10%. It got worse from there for the other candidates. If this was a Rick Parrot victory, it would be the only thing Fox and CNN were talking about. Instead, you'd never even know the straw poll occurred.
who is this stupid pommy slut? she knows absolutely fuck all yet argues like she has the answers.. if i was schiff i would have said listen cunt shut the fuck up and let me finish..
Since 1933 with HJR 192 there hasn't been any money to pay anything,as it's backed by nothing!
One can only discharge and settoff,the debt.You can't pay a debt with a debt(instrument).
Study A4V and learn the different between the "ALL CAPS NAME" vs the living sole,something the Banker's don't want you finding out. Prt 1 youtube.com/watch?v=i2lTkeoZ_ok
Since 1933 with HJR 192 there hasn't been any money to pay anything,as it's backed by nothing!
One can only discharge and settoff,the debt.You can't pay a debt with a debt(instrument).
Study A4V and learn the different between the "ALL CAPS NAME" vs the living sole,something the Banker's don't want you finding out. Prt 1 youtube.com/watch?v=i2lTkeoZ_ok
CNN is a joke. They have a liberal agenda and will do all they can to assure that agenda is accomplished. They've forgotten the role of the 1st Amendment is to keep governments in line by exposing the truth and to investigate corruption and mistakes being done by the government. Without a free press without agendas, we will lose our Constitutional Republic and will just become another failed country in a long line of failed Democracies. CNN sucks. Always has, always will.
Of course they cut him off- the Communist News Network...I love it how the government and elites have their own tv stations...shame on you cheap producers of a sold out network.....
Allah says: {O you who believe! Be afraid of Allâh and give up what remains (due to you) from Ribâ (usury) (from now onward), if you are (really) believers{} And if you do not do it, then take a notice of war from Allâh and His Messenger[] but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums)} [2:277, 278]
@nademhak Allah is a figment of your imagination, no more real than Santa Claus. What you are reading is what some ancient man made up. Stop believing in fairy tales my friend.
Islam is the only Solution : There is a reason why Allah has declared war on paper currency based banking system based on Riba (interest / usury )! Iqbal had said that this capitalist and communist system will commit suicde with its own dagger! Both man made kufr system rely on paper currency and now they are facing a collapse globally! They cannot stop this disaster. The solution is in Islamic Gold currency system!!!
All this gives me a headache the more I learn. I would hate to be the person that really understand this stuff. I'm sure they have no life, keeping up with new tax codes, rules, regulations and interpreting it.
You have to think outside the U.S. to get a real understanding why inflation is not here. America has low tariffs if any. Imports way to much, does not manufacture hardly nothing. They have global HQ's in every market. This is what is called "Global Managed Economy" This has only been here the last 20 years. The old rules and trends do not work anymore. Almost all of the profits on wall-street are overseas these days. World demand is down i.e. nobody to sell to these days. devalued currency wars
Yea run out and buy Gold and Silver. It fell today with the markets selloff. I would get my money out of metals right now cause it is going to hit bottom soon. The people think inflation is coming. well its not. We are in deflationary down turn and it will get worse in the next year cause nobody is buying anything. We have over supply of goods in the market for the next 3 years right now.
@god0fgod They have not created any. The Federal Reserve bought T-Bills with it QE1, QE2 soon to be QE3. If you paid attention to that you would have known. One reason the Federal Reserve has 3.4 trillion on the sideline doing nothing. The problem is not with money supply, It is the world bond markets and credit default swaps.
You people are being scared by the infamous bogyman on wall-street that peddles this crap! You can buy the crap and lose your ass when it falls again pretty quickly!
@god0fgod The central banks are not loaning any money, They turned around and bought bonds with it. Thats is why you don't see any inflation in the last 4 years. Nobody else could have done that in the time allowed. It takes the normal investment bank 16 months to make divest their capital then reinvest. That is why Bernake is doing it. Only the Federal Reserve has that ability to soak up excess loses in the bond market so fast.
@WizzRacing Let's talk about the bonds with the federal reserve (Just one central bank). Do you see that the federal reserve can maintain low interest rates on the bonds and enable the US government to easily continue deficit spending through the bond buying programmes?
Also central banks have been buying up toxic assets which is basically giving new money to the rich in return for worthless assets.
Do you not thing the new money will make it's way into the system and cause inflation? It will
@god0fgod And it has. Have you not paid attention to recent price inflation? Forget about the official figures for a moment because they are window dressed. Take a look at proper prices.
Monetary inflation makes it way into price inflation.
@god0fgod The inflation is being caused by high fuel cost, which effects prices. The cost of doing business is being passed on to the consumer because of this. The high cost of fuel affects food, transportation, manufacturing, transportation etc.. It has nothing to do with money supply.
Your seeing wall-street and hedge funds playing games with the public. You might also remember the government gets a royalty from oil profits. Its a government tax increase via hidden at the pump on us.
@WizzRacing Long term price inflation is caused by monetary inflation. Markets naturally want to deflate which is why price inflation goes below monetary inflation.
When monetary inflation is very high, this often boosts commodities through speculation (Future inflation by demand) and safe haven investing (Get out of fiat if it's becoming worthless).
Increasing taxation and regulation on products will make them more expensive and strangle business, of-course.
@god0fgod That would be correct "if" the markets were not being manipulated. Your not seeing that right now. Nothing right now is caused by the federal reserve printing money. cause they have not released any money in the private sectors hands in 4 years. What you are seeing is comities prices being driven higher by speculators. They go short on the contract. Wait for prices to rise, then drop the bottom again. Its all a shell game they play with each other.
@god0fgod Don't get me wrong, The federal reserve would love for inflation to take hold. It would help offset the debt we have right now. They even chastised the banks for not loaning money out. The reason it's not is we are in a deflationary down turn. They can't have inflation when demand is lower "Less Spending" or growth. The U.S. right now has a 3 year supply of consumer goods. With the adjusted GDP numbers we are at negative growth today. They had Americans who save. it cuts their profits
@god0fgod That is the reason the money will never make it into the market. They are buying all the toxic assets with it. It will simply be written off as a lose.
If you notice the housing market foreclosure rate has dropped. The reason is people started asking them to produce the note before the closer could start. The banks can't cause its rolled up into toxic assets. If they produce it they would be stuck with hugh losses inside that credit default swap. That lose has to show on there books.
@WizzRacing The money is in the market. They bought worthless assets with money and they will no doubt inject more and more money into the system. They have to if they don't want the system to crash on itself (Which is what will happen eventually, the sooner the better).
@god0fgod They should have let it crash in 2007 it would have been cheaper. But they forced us to bailed them out now its to late. They added 6 trillion to the U.S. debt with unemployment checks, 43 million Americans on food stamps, etc.. Not one dollar of that makes one job. But the debt is real and they know it.
You guessed it, They will dump the mortgage assets at lose to the tune of I think 30 trillion in U.S. dollars. Check freddie\fannie mae still holding 30 trillion in bad loans still!
@god0fgod The deficit spending from government is over once we reached 120% of GDP this week. Thank you congress and senate for nothing the S@P still down graded us to AA!
I don't know that answer. I do know that Bernake will do a QE3 for sure now. It seems all the other countries are still rushing to the U.S. bond market even with our problems. I think its cause they know if the U.S. falls the whole world will go with it. But with deflation worldwide and no end in site we will see in november
@WizzRacing But really my point is, when the federal reserve creates money and injects it into financial securities including bonds, it will knock on to price inflation. I hear that the federal reserve plans to eventually sell assets to reduce the money supply. What is it going to sell? The worthless mortgage assets?
@god0fgod That is just it. The Federal Reserve only bought bonds nothing else. Which they can hold for years. You can't have inflation when property values fall 50% and still falling due to less demand, no consumer spending cause they can hardly afford food, gas, bills, etc.. right now. If you have no demand, high unemployment, and no growth GDP numbers, Your going to see deflation like you never seen before. Because this has never happened before and they are scared to death right now!
@WizzRacing It is my understanding the federal reserve has bought more than just bonds. If we just look at the bonds, you have to understand they bought them with new money. This money get's thrown into the financial system.
Property prices in the US fell because their was a massive property bubble that has crashed (To an extent) which the federal reserve is keen to restart (the bubble that is). Market's ought to correct themselves but governments are trying to prevent that.
@god0fgod The Federal Reserve bought the bonds from the government that issues them. The Fed then holds these bonds for sometime. They even sold some to the 5 largest investment banks. but none of that money will ever be in the publics hands. It all stays in the hands of the poker players at the table. They are so full of greed they can't help them self. The real problem when Spain and Italy bond markets fail, so goes the EU.
@WizzRacing The federal reserve can't buy directly from the treasury by law.
If the US government effectively receives new money as bonds are being financed by the federal reserve then the high government deficit spending can be maintained and even increased. The money soon flows around in circulation.This is the only reason why those GDP figures aren't falling through the floor.
@god0fgod The Federal Reserve does not buy anything. It loans it out with interest. You might go back and read the bailout bill. The government gave the Federal Reserve unpresidented powers in it as well. I would have to go back and check what they gave them and let you know.
@god0fgod Seems they did "The Fed is, however, expected to leave its $2 trillion in purchases on its balance sheet for some time, rather than selling them off." New York Times. That number is higher now it is around 3.2 trillion. The government probably issued bonds and the Federal Reserve bought them. I think this how they got around the money problem with TARP with 900 billion short fall in the budget. Which has since gone from 7 trillion to 15 trillion in 4 years.
@WizzRacing I'm am almost 100% sure they buy the bonds from financial institutions. Don't think this doesn't allow the treasury to issue more bonds at sustainable interest because it does. Eventually I reckon the bond market will collapse unless the banks continue to keep the US government happy. It may result in a change in law which allows the federal reserve to directly fund government debt. Eventually it is likely the current US dollar system and government debt will fail.
@god0fgod The to big to fail has come back to bit them in the ass. The 5 major lender banks in the U.S. have these swaps worth somewhere around 68 trillion. That is why the housing market has not really hit bottom yet. They still hold these bad credit swaps that could and will in the long run break them. They been trying to "unwind" slowly to not ruin the housing equity . Most homes have lost 50% equity in 2 years cause it was over priced to start with. these people never should have got a loan
All I can say is CNN is getting mighty desperate to hire trashy bitches like this damned foreigner! Why don't she take her trashy ass back to that shit hole she came from?
That's right Peter American's need to make and produce things along with a lot of Western Companies. This service industry we have created producers nothing. What does Euro Pacific create???
@SpaceWalkTraveller He is investor in precious metals. It's not his responsibility. This is your elected officials responsibility. They created regulations, they created legal burden, they allowed to be created these large institutions.
the us is a money addict who needs a fix
qazz11q 6 days ago
Many people have little to no understanding of how the Federal Reserve works and/or our monetary system. Bet the book or look at the video clips here on YouTube."The Creature from Jekyll Island And outstand work done by a loyal american gentleman. He starts at the begining,1913 where the Federal Reserve was thought up by some very ruthless bankers and congressman/lawyers. Your most loyal servants,Bankers,Congressman,Lawyers. What a great bunch of guys huh? Well get going. We don't have much time
sfcdawabn 2 weeks ago
Collapse is a mathimatical certainty. You borrow money into exsistance.(That is how money is created)So in 1933 you borrow $1 and it is the only dollar in exsistance,where do you get money to pay interest on the $1 you borrowed? You can't. You have to borrow more money to pay the interest on that first dollar. You must also pay interest on that money. Where do you get that? You borrow more. You can add zero's to the $1, it all works out the same. This is why debt kills families. And nations
sfcdawabn 2 weeks ago
@sfcdawabn The borrowed money is supposed to be paid pack (with interest) from taxes from production. That's how it would work in theory anyway.
Zimnyification 1 week ago
@Zimnyification Please stop and think about it again. If I print only one dollar. I gave you the only dollar in exsistence let's say, where are you going to get the money to pay the interest on that dollar if I have not printed anymore money? You can add zeros to the 1 if you want. It all works out the same. That is how the debt becomes endless. I print the money and loan it to you, but I do not print the interest you need to pay me back. Hence the collapse of our money system
sfcdawabn 1 week ago
isn't this the same becky anderson that reported on live tv building 7 went down while in the background there it stood fine and dandy?
moonerstir 3 weeks ago
when is CNN closing down?
georgedesilva 4 weeks ago
From the age of 5, when that school bell rings, you stand in line to be fed the same indoctrination, lies and falsifications of history as previous generations... only enough education to function in their factories.
17soulable 1 month ago
The whole world is in the same state,looks like a plan to me. Those running things do not care about you. Beware when the solution steps in, because it will.
door2wisdom 1 month ago
Wow.. bizarre... no words for it..
Bokhovenable 1 month ago
Any government boils down to a ponzi scheme.
TheSiftonStrangler 1 month ago 3
@TheSiftonStrangler I understand what you mean but the US Government hasn't existed since 1933.
gritzngravee 1 month ago
People who put their faith in a government that owes as much debt as our government would be a fool. To take comfort in this economy climate would be like put shorts on in a snow storm. We must prepare for austere times. Family must create their own stimulus plan to ensure they will be able to survive the storm. Invest in precious metals to hedge funds, buy freeze dried foods to counter food shortages, and pray fervantly for those who have not. It's a ten virgin situation at this point.
Adventism27 1 month ago
The governments around the world are marxist in their economic ideology and that is why things are going to crash. You can't print wealth folks and the socialists think they can. Bottom line even the tax collectors in Greece are ging on strike. What a joke on Papandreou's family and so-called legacy who pushed this garbage ideology down the peoples throats since 1975. Pay it up folks. Time to pay it up.
PattiKay63 1 month ago
tell it like it is Pete! Calling a spade a spade. That's the way I like it uh huh uh huh. Peter is basically saying that the US government is a socialist governent. Whats funny is that he's right and the socialists like to blame the invisible hand for their problems which is exactly why Adam Smith was absolutely right in the wealth of nations. These communists/Marxists are so stupid its unbelieveable. The entire idea ofmarxism is that a gov't can control the will of the market and that is insane
PattiKay63 1 month ago
CENSORSHIP and LIES....
sixtysevenflh 1 month ago
Technical problems my ass. The NWO just didnt want the people to know the truth. Regardless censorship they will either way. Fuck the NWO. Wake up people. The time to stand together and fight is now. REVOLUTION IS REAL.
Wenum32 1 month ago 2
Stimulus packages is like giving a long time heroin addict another shot of heroin when hes sick. Sure, it will make him better for some time, but it won't help in the long run and it will become worse. Who drinks Vodka when having a hangover? The US economy.
sangolt88 1 month ago
Obama stimulus IMHO didn't work but at least it was a waste of 'BILLIONS'. Iraq WAR? TRILLION WASTED and thousands die for nothing. If Ron Paul will run as an independent I'll vote for him. And NO, I don't give an F if it's a lost vote since I hate both major parties equally.
rleary1 1 month ago
@rleary1 He won't run as an independent, but your vote would still count, as long as you register republican...
sangolt88 1 month ago
@sangolt88 I'm in TX and hate TX Republicans. I registered Dem hoping to vote Repubs out. Too many cowboy hat Evangelical lawyer nuts & they blindly supported Bush thru thin and thin. The city I'm in refused to broadcast Obama's 1st speech to my kids in elementary school. Not a big fan of his but this city is run by 45 hrs weekly of Beck, Limbaugh & Dobbs which is B.S. There's as full of crap as MSNBC is. Complete one-sided biased crap & people believe it.
rleary1 1 month ago
@rleary1 So its too late to change for Republican? Its worth to change for Paul, but if its too late you gotta make up your own opinion. It might be Obama vs Newt LOL. And I agree on politics and the way its is displayed in media, and people cant be independent enough to make up their own opinion. Ask an average 'Joe' if we should bomb Iran, he will likely say yes, and say they are a threat. Then, when you give him a map so that he can pinpoint Iran, hes clueless. Its fucked up.
sangolt88 1 month ago
makes sense
thumm99 2 months ago
CNN -> the biggest globalist TV network
barthoedemaker 2 months ago
he spoken against BAIL OUTS!! thats what cutted him:)
getvar 2 months ago
CNN is one of the worst propaganda machines
HilarityBribo 2 months ago 2
haha "technical problems" - blah!
opensauce 2 months ago
Obvious isn't it
and why are we bombarded with CNN in all the airports and hospitals
MrGAB4444 2 months ago 6
zionist PIGS
phliperphil 2 months ago 11
So the plan is to let them speak for 4:00 THEN cut them off? lol, ya right.
osityan 2 months ago
I don't like this guy either. He might be right about some things, but he is a pompous ass. Just watch his trip to Occupy Wall St., the moron wouldn't stop talking about "capitalism" blah blah. Normal people don't talk like that. Oh and during Thanksgiving, he said the Pilgrims were communists and that is why they nearly died off. Not because they landed in cold ass New England and had to start from scratch. Nope, its because they were communists. Fucking jewish idiot.
Lolz at CNN though.
lazer1million 2 months ago
This has been flagged as spam show
thanks for telling the truth Pete
hross233 2 months ago
:-(
mahashakti999 2 months ago
ahh maybe they just lost the satelite feed -_0
crazyknight2008 2 months ago
creepy!
ezekeil6ft2 2 months ago
Asia is the future
rambo753 2 months ago
I LOVE THIS GUY!................HATE CNN!
MrTraceMan 3 months ago
they just shut him off....fucked up...cant help but laugh at the system...fuckin jews
damiensongs 3 months ago
@damiensongs Peter David Schiff is Jewish.
greeninterlink 2 months ago 3
Tsk, tsk these things happen . . .
Yeuxvert 3 months ago
Yeah, 'technical issues'...
Necromancer999 3 months ago
Here is a good honest opinion on our economy. Good commentary.
swirlcrop 3 months ago
The man knows his abc's and cnn is totally on the left so they had to cut him off. by the way the lady does stutter a lot. LOL
DONLEOGON 3 months ago
Spot on assessment of the past , present and future...
olygabe 3 months ago
its not starbucks she is on its CIA product i guess there shipping that shit into the UK too.
brownellp 3 months ago
keep that woman off starbucks for God's sake!
jmnage 3 months ago
I just love the straw man she tries to throw around 3:45. Invisible hand blah blah blah . . . . Her attempt at a argument was so easily dismissed they had to cut him off. Hehehe
TheMiniDonkey 3 months ago
@TheMiniDonkey totaly agree!!
Tasigief 3 months ago
Let's see...banks went profitable again (Schiff was wrong), GM went profitable again (Schiff was wrong), and, when DINObama bailed out GM, he forced the unions to negotiate givebacks (Schiff was wrong about what was going on). Way I see it, the guy's arguments don't stand up to time. Think what you want, but the bail-outs worked. Only problem is that we need to hold people accountable for these failures.
cpuwrite 4 months ago
@cpuwrite
GM is profitable now? They didn't have 100 billion in loans forgiven and removed from their liabilities column? News to me! Which banks were profitable again? Please show your work.
PiratesWonderful 3 months ago
@PiratesWonderful I had the web addresses of two articles showing what I was talking about, but the posting software gave me an error when I tried to share them. It doesn't take much of a google search to find the articles, though. Try "GM Profits 2011" and "Bank Profits 2011" to get the info.
cpuwrite 3 months ago
@cpuwrite
What you see is only a specious prosperity.
The reason for this illusion is that the FED printed money out of nothing.
With this action they bought time in order to delay the ultimate collapse which is inevitable.
This is a mathematical fact.
Watch this and you will see why this is:
watch?v=_9wYu1SR1Wk
nokia3210fuck 3 months ago
@nokia3210fuck Though your reasoning may have facts to back it up, you suffer from a common problem for conservatives: the inability to distinguish facts and opinions. It is not a "mathematical fact," it is YOUR OPINION. It may have good reasoning to back it up (I am accumulating canned goods and advise you to do the same), but it is still just an opinion. Please learn the difference. It will help you immensely, especially when dealing with the likes of Fixed Noise.
cpuwrite 3 months ago
@cpuwrite
1/2
It is indeed a mathematical fact and not an opinion. Let me explain.
The problem is that the volume of money is not fixed as it would be with a gold standart.
That's why the FED can "print" so much money.
But they don't actually print money, they just lend money. And if you lend money, money can be created out of thin air. The problem is that if there is debt there needs to be an equal amount of credit or assets.
nokia3210fuck 3 months ago
@cpuwrite
But they only created debt without any credit or assets on the other side.
That means that there are much more debts than there is credit or assets.
So the debts can never be paid back because there is not enough credit or assets.
So in order to pay back the debts you need to lower the debts and increse the value of credit or assets.
You do that by devalueing money. So goods and assets which are a form of credit are worth more and the debt which is devalued gets less.
nokia3210fuck 3 months ago
@cpuwrite
3/3
That way the balance gets reestablished and the debt can be paid back.
In order to devalue money you need an inflation.
So that there will be a crash is a mathematical fact.
What they do now is nothing more than postponing the crisis.
So the only question is which form of crisis there will be (hyperinflation, depression)
It's also questionable if other countries are even willing to lend the US any money for much longer because they know that the money won't come back.
nokia3210fuck 3 months ago
@nokia3210fuck 1) I am very much aware that, in Capitalism, there is always more debt than there are assets. This is only one of the reasons why it must not be allowed to run wild.
2) There is another way: the debt isn't paid back, and assets used as collateral are transferred to the lender. This leads to a concentration of assets in the lender's coffers.
Because of this, your theory falls apart.
In a practical sense, there is still faint hope for the US--a "mathematical" chance..
cpuwrite 3 months ago
@cpuwrite
Because there is much more debt than assets are worth transferring these assets to the lender is not sufficient to pay back the debt.
So you must give assets more value by giving money less value and so devalueing the debt.
So massive inflation is inevitable.
By the way if you gave assets to the lender America would be owned by the Chinese and Japanese because these countries are the main creditors of the US debt.
nokia3210fuck 3 months ago
@nokia3210fuck Yes, this is why the foreclosure process normally is not initiated until after the debtor stops paying the debt.
cpuwrite 3 months ago
That b*tch must have given herself a coffee enema.
cubomania3 4 months ago
Peter Schiff, keep up your good work -- !
cubomania3 4 months ago
Helobelow: interesting, could you expand on that please
xyvsz 4 months ago
This has been flagged as spam show
Doomsday predictions are a tricky business. We’ve come out of severe recessions before. It’s easy to think the game has changed, but history says that’s very likely not the case, especially since people were predicting doom in each of those recessions, too. If you want the truth you can't be afraid to go looking for it. Mr. Schiff is not coming from a place of honesty and truth. He serve's private interests not democracy.
dealmeidaable 4 months ago
WOW! It doesnt get much more deliberate than that.....Im glad somebody caught it on video!!! The government may have just hit the FEMA button testing their emergency broadcast system which we now know they are preparing to test nationally in November. The system is in place to shut down or takeover all networks at once or individually. Get to know your neighbors and friends well because scary times are around the corner.
helobelow 4 months ago
@helobelow I am glad you bring that. I was just reading some blogs and it surprise me that one of the participants wrote the same. The guy claims to be a firefighter in Kansas. He said his unit received a email: to be ready for Nov 9 at 1pm, for the first time ever something like this will happen...if you know more about this could you share information?, thank you
xyvsz 4 months ago
@xyvsz Let me put it this way. The syatem is in place. If they started methodically declaring martial law on cities(which is where they start to control the greatest numbers of people) they can shut down the entire media to prevent the nation from knowing whats going on before it's too late. They also passed the internet over sight law that allows the government to control that as well. They can fill these venues with all the propaganda they want and the only way to communicate will be verbally.
helobelow 4 months ago
Why is it so hard for the government to understand economics?
HighlanderWallace 4 months ago
@HighlanderWallace Politicians are good at one thing; Politics. You don't see economists running for office, you see lawyers. You don't see Engineering running for office, you see Liberal Arts majors. They're useless people that we give ALL of our power to.
TumisHumis 4 months ago
"...is gonna make the situation far, far worse than if the government just let the institutions fail."
UnitedCorpOfAmerica 4 months ago
wow! So obviously censored! they can't hide everything ;)
vhalcrow 4 months ago
The truth Hurts!
jimdennett 4 months ago
Schiff family was connected to the Rothchilds and the fall of the WORLDS LARGEST CHRISTIAN NATION in 1917 (Russia). I'm not sure if it's the same Schiff family but they supported Lenin in the overthrow of the Christian czar
MarkCox73 4 months ago
So we are living in an age when government is way too big. And it’s time this government act properly, and that is to protect our freedoms. - Ron Paul
econogate 4 months ago
I watch CNN all the time and I have never seen anyone be cut off like this. And the anchor say "this happens all the time"...........wow, big brother made himself known.
dannywizz 4 months ago 3
CNN= censorship news network
TheDutchDatabase 4 months ago 9
Capitalism offers more things to believe in than any system that has ever come before. Nearly every faith, from Christianity and Buddhism to Islam and Marxism, promises to raise the poor and the oppressed. But only capitalism delivers what these ideologies and religions profess. Capitalism lifts the poor and helps them live their dreams.
econogate 4 months ago
@econogate You're equating capitalism to religions? Either start taking medication or stop... but do something.
UnitedCorpOfAmerica 4 months ago
@UnitedCorpOfAmerica The Corporation has in common with the Church that both are institutions of power these days. True, one must have different values to accumulate power in a religion than one must have in a corporation, but both allow people to accumulate power within them, and thus both are corrupting influences.
cpuwrite 4 months ago
@econogate No. Unregulated, Capitalism leads to a society of the filthy rich and their slaves. It almost happened 90 years ago and that's why we had the New Deal. We started going back to it and now things are almost as bad as they were then, getting worse, and will continue to do so until we realize that Capitalism Gone Wild is the heart of the problem.
cpuwrite 3 months ago
@cpuwrite Stop right there! Unregulated? The mortgage market is certainly regulated and the government has had it's hands in the housing markets FOR DECADES! The banking industry is one of the most regulated industries we have. I could also include central banks as additional unwanted injection into our free market economy. Only someone who can't read, is ignorant, or is purposely misleading people (lying) would conclude that we had unfettered capitalism in this country causing our crises.
sdogg1m 3 months ago
@sdogg1m YOU stop right there. Look up DC Douglas' "Why #OccupyWallStreet? 4 Reasons." right here on YouTube. Listen to the first minute and five seconds of the video. Tell me that Elizabeth Warren "can't read, is ignorant, or is purposely misleading people (lying)." Make me believe. Enron. The Blackout. The Crash. The Spill. All of these, and others (Warren mentions two others) are because of insufficient regulation, too much lazzies-faire capitalism. It doesn't work. Period.
cpuwrite 3 months ago
@cpuwrite Those are FAILURES in business. Not every business succeeds, there is ALWAYS risk. Anyone who doesn't understand that capitalism involves risk doesn't understand capitalism. You know what else fails? GOVERNMENTS! I would rather minimize failure to business which affects a smaller percentage of people then maximize failure with a strong centralized government that has its hands in all industries. Capitalism trumps socialism and communism EVERY TIME.
sdogg1m 3 weeks ago
@sdogg1m Failure and recession are the natural state of Capitalism. It is ONLY when the government intervenes with socialistic measures that this changes. Capitalism run wild gives us a world of the filthy rich and their slaves--as you can see happening in this country RIGHT NOW. And as to your comment about there being less risk in the failure of business, the whole reason the big banks got their bail-out was because they're bigger than the government and could drag it into failure.
cpuwrite 3 weeks ago
@cpuwrite You are wrong.. the problem is corporatism not free market capitalism.
rw0524 3 weeks ago
@rw0524 Have you ever looked into what the so-called "free market" really is? It's an impossible theory that requires two impossible preconditions to function. Corporatism is the natural end state of Capitalism. They are one and the same. The illusion of a free market is a temporary condition, unless governments intervene with measures that libertaritards call "socialist" to prevent Capitalism from taking its natural course.
cpuwrite 3 weeks ago
@cpuwrite This comment reeks of jealousy. I have worked for several employers and never thought of myself as a slave. In a capitalist society if one chooses they can work hard, live frugally, invest wisely and if they choose start their own business. In a socialist society, they are slaves to the state. Sure you may get a paltry provision but earning your way out of a meager existence is extremely difficult as the government robs you of much of the profit you earned.
sdogg1m 2 weeks ago
@sdogg1m (2 of 2) In a capitalist society, one work hard, live frugally, and never obtain the means to invest wisely. These are called the "working poor.” In a socialist society, one does not need to rely on the fickle judgment of those in authority (this is referred to as “individual responsibility”) just to survive. Slaves to the state? Be careful when you use statements like that. The intelligence you insult may be your own.
cpuwrite 2 weeks ago
@sdogg1m (1 of 2) Your comment is redolent of arrogance and delusion. Do not try to read my mind and tell me what my emotional state is. You can't.
I, too, have worked for several employers, and often thought of myself as a slave, especially when the cameras were pointed at ME and not the management, when management was on trial for embezzlement. I have also worked beyond the limits of exhaustion, and all I have for it is scars and healed-up broken bones.
cpuwrite 2 weeks ago
@cpuwrite Also, no one is going to provide for you the things you desire. If you want a better life for yourself then go earn it. Once you attempt that then your philosophy of economics and government will change.
sdogg1m 2 weeks ago
@sdogg1m That's enough, you stuck up jerk. The arrogance I could stand, but when you add in false statements, you cross the line.
You write as if I've never worked a day in my life, and as if I don't do at least some work in an attempt to earn money every day. That's a crock. Please read previous comments. I have already indicated that at one point I worked myself so hard that I ended up in a hospital.
So which is it? Are you a compulsive liar or an idiot?
cpuwrite 2 weeks ago
@cpuwrite Either you have never worked or you don't want to work and just have the basics in life given to you. Those provisions are made by someone! An individual has to put in time, energy, and talent in order to pay for the absorbent taxes to fund what seems to be your desire to be lazy. Nothing is holding you back from earning a better way of life except the punitive tax structure and the burdensome regulation our government puts on us.
sdogg1m 2 weeks ago
Then instead of feeling like you are a "slave" to your employer, you can then become a slave to the government. All of what I speak is not arrogance, it is a FACT jack! Back to your initial problems of jealousy, I have no problems with you keeping the lion's share of what you worked to earn anymore than I would Bill Gates. You are the one who seems to have the problem and it has warped your view of sound economic philosophy.
sdogg1m 2 weeks ago
@sdogg1m I see. You can't make a rational argument, so you've started making the ad hominem attacks. That's efficient! You're arrogant, petty and pathetic in one neat little package. Better yet, you sound like one of those delusional morons who are trying to tell me that the worst unemployment this country has had in 90 years is due to a sudden outbreak of laziness! That's comical!
cpuwrite 2 weeks ago
@sdogg1m Ironically, I agree with you about the punitive tax structure and burdonsome regulation. I just happen to think that the tax structure punishes those who aren't already wealthy or big corporations that channel money to them and the burden of the regulation falls on the "little people" while people like Timothy Geitner are above the law, and that letting Capitalism run wild will only give us more Enrons, more Spills, more Blackouts, etc.
cpuwrite 2 weeks ago
Wow, perfect timing.
Autobotsunited 4 months ago
ha Wat timing.
maxmann521 4 months ago
ha
maxmann521 4 months ago
hehe I'm probably asking for trouble for saying this but..... CNN is the most trusted worldwide news network! It's just a minor technical glitch that caused the cut-off of the interview nothing more..... :)
EasternMerchant 4 months ago
is gonna make everything worst. i bet that what he was about to said b4 he got cut off.
HelliSbAckAgain 4 months ago
This commentary is absurd. It is true that the banks are corrupt and should be punished but the answer is not to have let them fail because the only one that that would hurt is the common person and not the rich and there would be run on the banks. It is all this hoopla about no government that caused these banks not to be regulated and they spread their tentacles around the throat of the economy and choked it off. Those who think that any society can be run without any oversight are deluded.
reverenceforall 5 months ago
he was gonna say "deliberately devaluing the currency so on and so forth..."
sdeevG 5 months ago
if the anchor would calm the fuck down and talk like a normal human being, i think she wouldn't stutter so much mid sentences
sdeevG 5 months ago 27
The banking Jewish owners of the channel did not like the interview they called in to cut it off.
UnitedKorean 5 months ago 21
@UnitedKorean the truth is not welcome these days
SmileyGarrish 4 months ago
@UnitedKorean It doesn't have to be the jews don't you see they want to pit us against each other. If we wish to win against the Nwo and secret societies and elitist we must stand united against them.
woulfe42 3 months ago 2
@woulfe42
Evil is not confined to a particular ethnic group... keep that in mind when speaking against Spielberg, Michael Moore, Anne Hathaway, Jesus Christ and most Apostles... lol.
PawelKolasa 2 months ago
This has been flagged as spam show
@UnitedKorean Peter David Schiff is Jewish.
greeninterlink 2 months ago
Wow. That's actually laughable.
lmc100 6 months ago
fuck this idiot under me they wrote the fucking bible moron how do you think they predict the future so damn well, how to survive the greatest depression of all time simple... buy 5-15 years food supply, OWN a lot of guns only kill people with them use sling shot on small game, and last need a fuel supply matches and wood should work well good luck i hope only the strong survive so we can kill these people who think we deserve to die
empoweredpatriotusa 6 months ago
in other words, a global monetary collapse and the resulting food shortages worldwide, literally of Biblical proportions. this won't effect any one nations. this is an all encompassing prophesy affecting everyone. it will set the stage for the Great Tribulation and the last day of that being the day and hour no one knows: "the great and fear inspiring day of Jehovah" (Joel 2:31) Armageddon. the NWO and it's demonic members will be crushed by Christ's Kingdom. (Dan 2:44; Matt6:10) it's about time
WCherokeeW 6 months ago 2
@WCherokeeW
Supersitious much? Its only failure of decision making. Replace idiots and it will work well enough.
52111centrumcz 6 months ago
@52111centrumcz yeah if it were only that simple. so let's all just assemble an army of civilians right now while we still have the time and replace all those in washington. i mean it's just so simple isn't it? how many people like you have said the exact same thing and yet we're at a breaking point now. if it were that simple to replace them folks would have done it by now. but we have no power. no protest no matter how big will change the minds of the worlds leaders.
WCherokeeW 6 months ago
@WCherokeeW
The ultimate protest is to no longer accept their paragons of power - fiat currency. Work only for gold/silver and pay in gold/silver.
52111centrumcz 5 months ago 3
@WCherokeeW egypt did it, they stopped working, the whole country shut down, the only difference is that they were united, while america is still divided. If you wanna take action for the country dont expect to do it alone. I mean if revolutionary minds never thought outside the box, we would still have slavery. so what is stoping you to make a difference?
MrLowzano 4 months ago
buy neither silver or gold. this is the reason why. This whole event was foretold by Jehovah thru his prophet Ezekiel in chapter 7 vs. 19.---"“‘Into the streets they will throw their very silver, and an abhorrent thing their own gold will become. Neither their silver nor their gold will be able to deliver them in the day of Jehovah’s fury. Their souls they will not satisfy, and their intestines they will not fill, for it has become a stumbling block causing their error. "" Say your prayers.
WCherokeeW 6 months ago
@WCherokeeW
Interesting, some people are still superstitious...
52111centrumcz 5 months ago
journalists towing the gov. line. the fourth estate has married the first estate. what kind of children will they have666 stay tuned people...dont touch that dial.
zebb1111 6 months ago
The entire media is essentially doing this to Ron Paul right now, only they don't even allow him to get the conversation started (before they cut him off). Dr. Paul won the New Hampshire straw poll with 45% of the vote, compared with "national front-runner" Mutt Romney at 10%. It got worse from there for the other candidates. If this was a Rick Parrot victory, it would be the only thing Fox and CNN were talking about. Instead, you'd never even know the straw poll occurred.
fry11guy 6 months ago
who is this stupid pommy slut? she knows absolutely fuck all yet argues like she has the answers.. if i was schiff i would have said listen cunt shut the fuck up and let me finish..
YooTubeCritc 6 months ago 2
@YooTubeCritc someone was telling her to cut him of from the radio in her ear that most anchormen/women wear
warrcrew 6 months ago
This has been flagged as spam show
Since 1933 with HJR 192 there hasn't been any money to pay anything,as it's backed by nothing!
One can only discharge and settoff,the debt.You can't pay a debt with a debt(instrument).
Study A4V and learn the different between the "ALL CAPS NAME" vs the living sole,something the Banker's don't want you finding out. Prt 1 youtube.com/watch?v=i2lTkeoZ_ok
Prt 2 youtube.com/watch?v=vi92gqTP4Js
Money is a bigger lie than why WTC7 fall...
sparkie72 6 months ago
Since 1933 with HJR 192 there hasn't been any money to pay anything,as it's backed by nothing!
One can only discharge and settoff,the debt.You can't pay a debt with a debt(instrument).
Study A4V and learn the different between the "ALL CAPS NAME" vs the living sole,something the Banker's don't want you finding out. Prt 1 youtube.com/watch?v=i2lTkeoZ_ok
Prt 2 youtube.com/watch?v=vi92gqTP4Js
Money is a bigger lie than why WTC7 fall...
sparkie72 6 months ago
UNBELIEVABLE.
katemccrew 6 months ago
CNN is a joke. They have a liberal agenda and will do all they can to assure that agenda is accomplished. They've forgotten the role of the 1st Amendment is to keep governments in line by exposing the truth and to investigate corruption and mistakes being done by the government. Without a free press without agendas, we will lose our Constitutional Republic and will just become another failed country in a long line of failed Democracies. CNN sucks. Always has, always will.
samuraiconservative 6 months ago
Of course they cut him off- the Communist News Network...I love it how the government and elites have their own tv stations...shame on you cheap producers of a sold out network.....
jchamp41781 6 months ago
Allah says: {O you who believe! Be afraid of Allâh and give up what remains (due to you) from Ribâ (usury) (from now onward), if you are (really) believers{} And if you do not do it, then take a notice of war from Allâh and His Messenger[] but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums)} [2:277, 278]
nademhak 6 months ago
@nademhak Allah is a figment of your imagination, no more real than Santa Claus. What you are reading is what some ancient man made up. Stop believing in fairy tales my friend.
dutch1999 6 months ago
Islam is the only Solution : There is a reason why Allah has declared war on paper currency based banking system based on Riba (interest / usury )! Iqbal had said that this capitalist and communist system will commit suicde with its own dagger! Both man made kufr system rely on paper currency and now they are facing a collapse globally! They cannot stop this disaster. The solution is in Islamic Gold currency system!!!
nademhak 6 months ago
All this gives me a headache the more I learn. I would hate to be the person that really understand this stuff. I'm sure they have no life, keeping up with new tax codes, rules, regulations and interpreting it.
WizzRacing 6 months ago
You have to think outside the U.S. to get a real understanding why inflation is not here. America has low tariffs if any. Imports way to much, does not manufacture hardly nothing. They have global HQ's in every market. This is what is called "Global Managed Economy" This has only been here the last 20 years. The old rules and trends do not work anymore. Almost all of the profits on wall-street are overseas these days. World demand is down i.e. nobody to sell to these days. devalued currency wars
WizzRacing 6 months ago
Yea run out and buy Gold and Silver. It fell today with the markets selloff. I would get my money out of metals right now cause it is going to hit bottom soon. The people think inflation is coming. well its not. We are in deflationary down turn and it will get worse in the next year cause nobody is buying anything. We have over supply of goods in the market for the next 3 years right now.
WizzRacing 6 months ago
@WizzRacing You don't know how much central banks have been creating new money then?
god0fgod 6 months ago
@god0fgod They have not created any. The Federal Reserve bought T-Bills with it QE1, QE2 soon to be QE3. If you paid attention to that you would have known. One reason the Federal Reserve has 3.4 trillion on the sideline doing nothing. The problem is not with money supply, It is the world bond markets and credit default swaps.
You people are being scared by the infamous bogyman on wall-street that peddles this crap! You can buy the crap and lose your ass when it falls again pretty quickly!
WizzRacing 6 months ago
@WizzRacing You are saying central banks have not made money?
Well this goes against common understanding.
god0fgod 6 months ago
@god0fgod The central banks are not loaning any money, They turned around and bought bonds with it. Thats is why you don't see any inflation in the last 4 years. Nobody else could have done that in the time allowed. It takes the normal investment bank 16 months to make divest their capital then reinvest. That is why Bernake is doing it. Only the Federal Reserve has that ability to soak up excess loses in the bond market so fast.
WizzRacing 6 months ago
@WizzRacing Let's talk about the bonds with the federal reserve (Just one central bank). Do you see that the federal reserve can maintain low interest rates on the bonds and enable the US government to easily continue deficit spending through the bond buying programmes?
Also central banks have been buying up toxic assets which is basically giving new money to the rich in return for worthless assets.
Do you not thing the new money will make it's way into the system and cause inflation? It will
god0fgod 6 months ago
@god0fgod And it has. Have you not paid attention to recent price inflation? Forget about the official figures for a moment because they are window dressed. Take a look at proper prices.
Monetary inflation makes it way into price inflation.
god0fgod 6 months ago
@god0fgod The inflation is being caused by high fuel cost, which effects prices. The cost of doing business is being passed on to the consumer because of this. The high cost of fuel affects food, transportation, manufacturing, transportation etc.. It has nothing to do with money supply.
Your seeing wall-street and hedge funds playing games with the public. You might also remember the government gets a royalty from oil profits. Its a government tax increase via hidden at the pump on us.
WizzRacing 6 months ago
@WizzRacing Long term price inflation is caused by monetary inflation. Markets naturally want to deflate which is why price inflation goes below monetary inflation.
When monetary inflation is very high, this often boosts commodities through speculation (Future inflation by demand) and safe haven investing (Get out of fiat if it's becoming worthless).
Increasing taxation and regulation on products will make them more expensive and strangle business, of-course.
god0fgod 6 months ago
@god0fgod That would be correct "if" the markets were not being manipulated. Your not seeing that right now. Nothing right now is caused by the federal reserve printing money. cause they have not released any money in the private sectors hands in 4 years. What you are seeing is comities prices being driven higher by speculators. They go short on the contract. Wait for prices to rise, then drop the bottom again. Its all a shell game they play with each other.
WizzRacing 6 months ago
@god0fgod Don't get me wrong, The federal reserve would love for inflation to take hold. It would help offset the debt we have right now. They even chastised the banks for not loaning money out. The reason it's not is we are in a deflationary down turn. They can't have inflation when demand is lower "Less Spending" or growth. The U.S. right now has a 3 year supply of consumer goods. With the adjusted GDP numbers we are at negative growth today. They had Americans who save. it cuts their profits
WizzRacing 6 months ago
@god0fgod That is the reason the money will never make it into the market. They are buying all the toxic assets with it. It will simply be written off as a lose.
If you notice the housing market foreclosure rate has dropped. The reason is people started asking them to produce the note before the closer could start. The banks can't cause its rolled up into toxic assets. If they produce it they would be stuck with hugh losses inside that credit default swap. That lose has to show on there books.
WizzRacing 6 months ago
@WizzRacing The money is in the market. They bought worthless assets with money and they will no doubt inject more and more money into the system. They have to if they don't want the system to crash on itself (Which is what will happen eventually, the sooner the better).
god0fgod 6 months ago
@god0fgod They should have let it crash in 2007 it would have been cheaper. But they forced us to bailed them out now its to late. They added 6 trillion to the U.S. debt with unemployment checks, 43 million Americans on food stamps, etc.. Not one dollar of that makes one job. But the debt is real and they know it.
You guessed it, They will dump the mortgage assets at lose to the tune of I think 30 trillion in U.S. dollars. Check freddie\fannie mae still holding 30 trillion in bad loans still!
WizzRacing 6 months ago
@god0fgod The deficit spending from government is over once we reached 120% of GDP this week. Thank you congress and senate for nothing the S@P still down graded us to AA!
I don't know that answer. I do know that Bernake will do a QE3 for sure now. It seems all the other countries are still rushing to the U.S. bond market even with our problems. I think its cause they know if the U.S. falls the whole world will go with it. But with deflation worldwide and no end in site we will see in november
WizzRacing 6 months ago
@WizzRacing But really my point is, when the federal reserve creates money and injects it into financial securities including bonds, it will knock on to price inflation. I hear that the federal reserve plans to eventually sell assets to reduce the money supply. What is it going to sell? The worthless mortgage assets?
god0fgod 6 months ago
@god0fgod That is just it. The Federal Reserve only bought bonds nothing else. Which they can hold for years. You can't have inflation when property values fall 50% and still falling due to less demand, no consumer spending cause they can hardly afford food, gas, bills, etc.. right now. If you have no demand, high unemployment, and no growth GDP numbers, Your going to see deflation like you never seen before. Because this has never happened before and they are scared to death right now!
WizzRacing 6 months ago
@WizzRacing It is my understanding the federal reserve has bought more than just bonds. If we just look at the bonds, you have to understand they bought them with new money. This money get's thrown into the financial system.
Property prices in the US fell because their was a massive property bubble that has crashed (To an extent) which the federal reserve is keen to restart (the bubble that is). Market's ought to correct themselves but governments are trying to prevent that.
god0fgod 6 months ago
@god0fgod The Federal Reserve bought the bonds from the government that issues them. The Fed then holds these bonds for sometime. They even sold some to the 5 largest investment banks. but none of that money will ever be in the publics hands. It all stays in the hands of the poker players at the table. They are so full of greed they can't help them self. The real problem when Spain and Italy bond markets fail, so goes the EU.
WizzRacing 6 months ago
@WizzRacing The federal reserve can't buy directly from the treasury by law.
If the US government effectively receives new money as bonds are being financed by the federal reserve then the high government deficit spending can be maintained and even increased. The money soon flows around in circulation.This is the only reason why those GDP figures aren't falling through the floor.
god0fgod 6 months ago
@god0fgod The Federal Reserve does not buy anything. It loans it out with interest. You might go back and read the bailout bill. The government gave the Federal Reserve unpresidented powers in it as well. I would have to go back and check what they gave them and let you know.
WizzRacing 6 months ago
@god0fgod Seems they did "The Fed is, however, expected to leave its $2 trillion in purchases on its balance sheet for some time, rather than selling them off." New York Times. That number is higher now it is around 3.2 trillion. The government probably issued bonds and the Federal Reserve bought them. I think this how they got around the money problem with TARP with 900 billion short fall in the budget. Which has since gone from 7 trillion to 15 trillion in 4 years.
WizzRacing 6 months ago
@WizzRacing I'm am almost 100% sure they buy the bonds from financial institutions. Don't think this doesn't allow the treasury to issue more bonds at sustainable interest because it does. Eventually I reckon the bond market will collapse unless the banks continue to keep the US government happy. It may result in a change in law which allows the federal reserve to directly fund government debt. Eventually it is likely the current US dollar system and government debt will fail.
god0fgod 6 months ago
@god0fgod The to big to fail has come back to bit them in the ass. The 5 major lender banks in the U.S. have these swaps worth somewhere around 68 trillion. That is why the housing market has not really hit bottom yet. They still hold these bad credit swaps that could and will in the long run break them. They been trying to "unwind" slowly to not ruin the housing equity . Most homes have lost 50% equity in 2 years cause it was over priced to start with. these people never should have got a loan
WizzRacing 6 months ago
@WizzRacing "these people never should have got a loan" That's what easy money polices create.
god0fgod 6 months ago
All I can say is CNN is getting mighty desperate to hire trashy bitches like this damned foreigner! Why don't she take her trashy ass back to that shit hole she came from?
buddybleau 6 months ago
watch RT for truth. CNN and other are bullshit
crumcon 6 months ago
@crumcon I don't get it though because RT is state funded.
god0fgod 6 months ago
why can't governments issue their own currency? Why do governments have to borrow from bankers?
Why the fuck is there all this talk about borrowing. Sovereign countries can print their own money.
ParapaDrifter 6 months ago
That's right Peter American's need to make and produce things along with a lot of Western Companies. This service industry we have created producers nothing. What does Euro Pacific create???
SpaceWalkTraveller 7 months ago
@SpaceWalkTraveller He is investor in precious metals. It's not his responsibility. This is your elected officials responsibility. They created regulations, they created legal burden, they allowed to be created these large institutions.
kessass83 6 months ago
This has been flagged as spam show
Ron Paul 2012
Sunshine88886 7 months ago
Hilarious ending!
egelinn 7 months ago
not all english people talk like this its just the idiots that do.
85LordByron8 7 months ago 2