Peter Schiff On The Economic Meltdown Part 4

[sendtoanthony]

I can actually understand economics from Peter Schiff

[y0utUBeH8r]

I love how at his hypothetical obama speech about paying china back, everyone just laughed, i bet the Chinese arent laughing at that one ..

[TWSceptic]

Keynesians screw up the world. Worst economic school ever.

[zxcvbnmjhgfdsa1]

Of course the Chinese are predator lenders they know the US government has no idea what its doing!

[kessass83]

@zxcvbnmjhgfdsa1 Even worse. They enjoy and they want to stay this way. This way they can finance and expand their economy. As long as crude oil, steel, food and other raw materials will be priced in US dollars, they will enjoy this status quo. When you hear on TV that Chinese are concern about US fiscal policy, it's only BS. On the other hand US has a reserve currency, which allows them to have trillions of dollars deficit. When Dollar stop to be reserve currency there will be an order

[y0utUBeH8r]

@kessass83 Chinese also do not allow their currency to float, so they should just stay quiet.

[TheBlarges]

@zxcvbnmjhgfdsa1

They are suckers, US has defaulted 3 times on their debts and they will just default again.

[adryanv]

Well said. Thanks for sharing this informative video with us.