Peter Schif Video Blog - April 9, 2011

[omegapointil]

I think you can attribute our problems to Freedom. Too much of it in the wrong hands was like giving a 5 year old (Paulson, Summers, Greenspan, Bush, Cox,

Reagan, Graham) a firearm to play with. Just watchedt the film INside JOb and

it brought back the pervasiveness of just how true that it.  We don't need no stinkin

regulations? Shoulda made Brookly Born Czar.

[yaimavol]

There is one saving factor here with re: to our deficit -- everybody else is broke too. Japan is in even worse shape: Greece, Italy, Ireland -- all totally bankrupt. Doesn't it make sense, folks, just to hold an int'l conference and write this debt off? At some point, it just becomes numbers in a computer.

[omegapointil]

Well Schiff, we audited the Fed and look at what Rolling Stone found. How is this not racketeering? I'd like to see that term define if for the popular press and

take a hold. That is if it doesn't get repressed. This is the Pentagon Papers.

[yaimavol]

@omegapointil Yes, we gave 70 loans to Libya -- a country we are now bombing. There isn't a better illustration of how f'd up this country has become.

[flownet07]

This agreement is a small step for the US, but in no way does it stop the lead towards the cliff and the final leap into the abyss... A 38 billion $ cut is only pocket change in regards to the US budget. Severe pain is coming. Politicians and the Fed know it but don't have the balls to proceed and prefer to try to avert it. They'll just manage to postpone it instead. Many are blaming the Fed, but this the result of Congress piling up a debt so HUGE that it defies the imagination. Titanic wreck!

[schimdo]

Good stuff Peter.

[de225221]

Keep up the great work Peter. Anyone w. an IQ of at least 85 can figure out that you're right and have been right for so many years now..

[silvermania2011]

Peter does it matter who your critics are ?? gold is at $1475 silver is at $40.75 we are doing excellent not matter what they say. Your critics are the same people who mocked you in 06' and 07' example: Art Laugher, where is he today?!?! These people will throw you under every chance they have because they are jealous and because they didnt buy any gold or silver and are eating there hearts out.

Keep up the good work Peter and dont even give them any airtime what so ever.

[jajones1952]

@silvermania2011 Try to eat that metal when the shit hits the fan.. Or prevent a strongarm drygulch of your goods powerless one!!! You will live in fear of owning it. Word.

[harbster1]

One of the few economists who tells it like it is - keep it up Peter.

[projectdurden]

who is your critic? The Way the World Works guy? I hate him.