7/28/2008- Ron Paul Advisor Peter Schiff On The Glenn Beck Show

[brianD69]

Why not just have the banks and investors lend directly to the distressed companies? Laundering the money passes all the risk to the tax payer. If they were direct loans then a default would cause massive losses for the lending banks. When the government borrows from the banks and then lends we are on the hook for any loses. This is the privatization of profits and the socialization of losses. The government is paying the financial system to bail out the financial system.

[mightymouse1953]

We are in trouble hear. Today fannie Mae reported a huge loss. Our dept just this year may exceed 1 trillion dollars. 740000 homes in forclouser already. Many more are being reset as we speak. People were already underneath thier homes. This will just make them walk away. If you were paying 1800 a month and now your payinf almost 3000 a month on a house with 150000 negative equity, then you just walk away. More debt for the taxpayer. Result weaker dollar.

[CZARVII]

If you are going into foreclosure you should stay in your houses for at least 9 months w/o making any payments;Banks are taking for ever for the process to go through.

i know people that own duplexes and multifamily buildings they are still getting $900 a month per unit;lets see $900x10units=9,000x9months=you do the #'s

Thats a good investment

tenants dont even have a clue so they keep paying their mortagage.

The american dream at its best.....

[eyewitness043]

(((shaking my head)))

Ruh-Ro.

[elisabella24]

In think Glen Beck is an idiot. He is partially to blame for all this debt. A few years ago he was fear mongering and terrorism this and terrorism that. What happened? We are in debt b/c of this ridiculous war. Having traveled the rest of the world we are the laughing stock. Peter Schiff is great. Too bad he was banned from CNBC and Bloomberg.

[alansready]

vote for bob barr and get rid of the income tax And end the federal reserve.

vote third party ..

obama and mccain are morons.

[boots920]

Just start hanging a few politicians for treason, once the rest of the fckers see what happens to people that commit treason, you can start leading a life of liberty, instead of slavery. The US fought in Vietnam, 60,000 brave fought to preserve freedom, don't let them die for nothing.

[TheChinaExpat]

Um... I'm not questioning the bravery or honor of US soldiers at all, but how did the 60,000 who died in Vietnam advance the cause of liberty or preserve freedom?

[boots920]

Although the Vietnam war was a total waste of wealth and blood, communism is going to do us humans in. At least the reisitance to communism is good, but the way the war was run, (simular to iraq's execution of war) it looks like a false reason to start an endless war. The states is turning into commie world, looks like that was the plan all along.

You have the bank of Satan running the joint (Federal Reserve).

[SevenSins005]

This is gonna be a fun Christmas come fall with the falling dollar and then paying for gas for my car and also other bills like food, housing, and other shit. Damn i hate politicians.

[Paetaor]

I dropped all of my US stock before the DOW tanked.

This guy Beck can be a nut sometimes but he hits out of the park here.

[tannedking187]

this is why ive been accumilating my Goldspring shares, i plan on profitting from this mayhem

GLTA

[rahmega7]

In 3 months the price of clothing, food, and gas will be through the roof the and the dollar will be trading at 1.62 to 1 Euro. After Obama is made president in Jan. the Fed will raise interest rates causing an immediate recession. The recession will take place in late Jan. . .

My prediction is in the air now I couldn't hold it any longer, lets see what happens.

[underaserpentsun]

we are already in a recession. gov numbers are about as funny as the money printed at the treasury.

[estodril]

US economy is a dead man walking...

[tsarcasm666]

Beck is a CNN/CIA shill, Peter Schiff does have his head on straight!

[TexanCyclist]

Almost didn't watch & by the end, well he's still a day late, a $ short, & still no mention of the true culprits: The FED( & the bankers that own it.)

[thinkrevolution]

Peter Schiff, please run for U.S. Congress or something!

[judoyodan]

I laugh at Bush's reversal on this bill. His first reaction was to oppose it, until he figured out that the shit would hit the fan after his tenure ends. What an asshole!

It won't matter much tho, he'll still go down as the worst president in history...without peer.

[ronpaulrevolution]

Bush is pretty horrendous but old Woody Wilson was worse. He gave us: the income tax, the federal reserve, wwI, and the cfr!

[fishbuc11]

The pitchfork at the end.  To funny.

[picapauengracado]

The justification for the existence of Freddie and Fannie was to spur home ownership. But now that the price for a house is collapsing, somehow they don't want them affordable?! The housing bailout includes $4 billion for state government to purchase foreclosed homes. Some are asking for these houses to be actually destroyed! When you take these bailouts from the financial dimension to the physical world, you can see just how ridiculous these things are.

[lostinthemix]

Got my ass lubed with plenty of vaseline, thanks DICKHEADS in D.C.

[Rustyshackleford08]

I am in Canada, I wonder if I should max my credit with gold:)

[Boomer1949]

Beck is a douche bag!! Framing this whole discussion around the people with the home loans being bailed out. What a ass hole, is he really so stupid to not be able to see that it's the banks, not the people? There was a hearing just yesterday where Tommy Franks was asking these banks why they aren't using the tools to help the home owner?

[boots920]

Hyperinflation happens when you loose trust in the "paper". This is the kind of crap that Mugabe used to implode Zimbabwe's economy. Make sure you don't have any savings in US dollars, you'll get wiped out.

[elbuggo]

Thank you for this

[thetimman00]

Well said. No one asked me if I wanted to buy bad debt. That is because a lot of us are not of the "yes sir may I have another" ilk. I saw this a year or so ago as a problem and made moves in defense of my household. I'm not a smart man, but I do know what the shaft is.

[irdial]

Glen Beck is the same man that ridiculed and demonized Ron Paul and his supporters, now he is railing against this immoral bailout. Make up your mind you slob! Anyone who is really facing the facts turns to Ron Paul as the only reasonable solution to america's problems.

[picapauengracado]

I think he changed his mind a good while ago when he interviewed Ron Paul. Those were some soft questions he threw at him, and I think the only reason why Beck didn't come off the closet as a Ron Paul supporter is to save face from the all stupid FUD propaganda about Paul.

[irdial]

So in other words, he is a coward that is more interested in saving face than saving his country from the greatest crisis it has ever faced. This makes him one of the worst people in america. A man with as many viewers as he has, if he now knows the truth, should come out on the side of what is right. Not only is this the brave thing to do, but he has nothing to lose by doing it. america is finished unless it 'does a 180' and if it does not it will not be worth living there anymore, so FIGHT!

[picapauengracado]

To his defense, I'm not sure Beck ever agreed with Paul's foreign stance. I do agree that he was very jerky with Ron Paul, as was media in general, and even the public. Political opinion seems guided by emotions (just see democrats chantings for free stuff), and when people like Beck started to actually hear what Paul was saying it was too late, and they were now too embarrassed to be associated with a movement they had ridiculed before. Let's see if Beck redeems himself and puts Schiff more oft

[ferrozm]

RP represents the taxpayer better than anybody!

[eurohim]

Yeah, too bad he isn't in senate. At least that way he'd get a bigger say.

[freekrolik]

dollar GOING down!

[tillo2008]

do not forget to differentiate between the deadbeats from the uneducated - there are many hard working people ready and willing to sweat to make decent money and didn't know what kind of trouble they were getting into from what they "thought" was fruits of their labor.

[thbyrnes]

Don't forget they are going to report all credit card transactions to the IRS.

[sonofaglitch2]

And fingerprint all mortgage lender professionals.

It's 9/11 all over again.

[Rustyshackleford08]

Inflation is going to kill a lot more people than 9/11 thats for sure. This effects EVERYONE, including the poor that live on less than a dollar a day. (I think about 3/5 of the world population)

[underaserpentsun]

could that be the plan?

[Rustyshackleford08]

I would not be surprised. What a more disgusting way to control overpopulation.

[Rustyshackleford08]

Its the police state in action, I would stop using them. Its another way they can get you on your taxes.