we are anonymous, we are aware of the corruption in the world's governments and their apathy for the human lives because of money.
we are aware of the governments' attempt to cover on the news of the rebellions to keep us as slaves for the current system.
we are anonymous, we declare war on the corrupted system, join the plan to get your freedom and rights back. you are a human being, your life has value. we are anonymous, we are legion, expect us!
Cut military spending and spend it on the population of your country. Arms manufacturers get rich while your population is dumbed down by extremely underfunded public education. Your citizens suffer because your public health care funding is insignificant compared to military spending. I sincerely feel sorry for the lower, and middle income citizens of the U.S who are struggling already and will suffer in the years to come, while the elite laugh all the way to 'their' banks. Peace.
Well said richie, our real problem is that we have been deindustrialized, our borders are open to whomever wants to walk in. Our government has been totally infiltrated by globalist ideology, 40% of our population is not native born, therefore they do not have a dedicated love for the country.
That all said; globalization is the enemy that is taking us down.
Citizens will suffer more when their money is stolen and wasted and spent on public education and health care, which are ineffective , wasteful and shitty. How can globalization be your enemy, when the America was built by the immigrants? I'd say 99% percent is not native born, because how can you call descendands of the English 'native' ? And without China you wouldn't be able to support your phony economy. It's a pity America has forgotten what freedom is.
How do you figure public education is ineffective. We don't have public healthcare how could it be labled inefficient. I believe you could honestly say that american was built by immigrants, the ratio was 95-5 not 60-40. China has no choice but to support the phony economy, everything in our stores is made in China, can you imagine the export market that is for China. Globalism is the problem, and thats our only problem.
The best answer would be : it can't be efficient by the definition, but I reckon it wouldn't satisfy you. So let me just say I have been educated in public schools and without extra English lessons I would be pretty likely unable to write these comments. And China has a choice: fuck America, stop sending money and goods there and consume the goods and invest it... The problem with America is that it buys things it cannot affford for the money it doesn't have.
How are you going to pay back the 12 trillion dollar debt , when all the money you borrowed has been consumed ! And you're right when you say 'everything in our stores is made in China'. That's right ! All that America is producing is more debt, more dollars that are starting to become more and more worthless. If you are unable to finance this trade deficit (because all the money is consumed , and not invested) , do you think they will deliver the goods for free? For more worthless green paper?
I disagree China has no choice, the Chinese People cannot afford the goods the produce for the American and Western European markets. So they are not going to consume their own product, not on .20/hr labor. That cheap labor is the problem all our industry has been outsourced to cheap, unregulated third world markets. Americans cannot earn a living, so consumption will gradually taper off. This is not the American Peoples fault it is the Government's desire to further globalism at fault.
they are lending money to the USA, and this money is then used to buy Chinese products. I don't see any problem for them to stop lending and start using this money for consumption and investing. This unregulated market is why the Chinese get richer and richer ( i'm not saying they are 'rich', but 'poor' is still richer than 'on the edge of starvation', and their standard of living has improved BECAUSE of this cheap labour, not despite it. ). This is good for America.
When the U.S. auctions off treasury bonds, the Chineses buys them. The U.S. Government does not consume third world products, the American People does. The reason we do, is because we have no choice everything is made in some third world country Yes the U.S. is in debt more than we can ever pay. The whole thing is by design, globalist have infiltrated Washington and contrived a plan to bankrupt the country, and have the NAU as a solution. They are intent on destroying the american middleclas
So the solution is to start producing and saving again , or using the borrowed money and import to invest. It cannot be done by bailing out inefficient companies, they should fail and let someone reorganize it, so that they can become competitive. The recession instead of being resisted should be EMBRACED as a cure for these diseases. And it's not because 'globalists infiltration', it's because the governemnt are greedy idiots pursuing their own ends, saying 'fuck you' to the society.
The solution is to add a 50% tariff at our borders and to halt emigration for at least 10 years.
That would give domestic industries a fair chance to compete agains cheap, unregulated third world labor. I really don't believe it matters if we resist, or except a severe recession or not we are going through one. I firmly believe Washingtion has been infiltrated withe global ideology, and their goal is to bankrupt us, and offer the NAU as a solution to the problem.
if you add a tariff then the prices will automatically go up. If some wise man brings back sound monetary policy and cuts on federal spendings everything should slowly go back to the right balance. Restraining trade is always bad for the society that performs it ( prices go up, capital that could be producing more profitable goods is allocated in production of goods that you can import... and so on). The problem isn't the big import, the problem is the enormous debt
The enormous debt is a result of the enormous job loss. When 15 to 20 million people has lost their jobs, they by nature look to government for support. The tax revenue is lost, plus the social benefits are allocated to the folks who lost their jobs. The industry is gone, and they cannot be taxed to pay for govenment. The founders of our republic intended tariffs to pay for government. All free traders like to keep that fact carefully under raps.
so if these tariffs are so great , then why don't you introduce them inside US? If the american industry has to be 'defended' from the Chinese one, so why not defend NY industry from these in Chicago, or the Californian workplaces from the Texas? The debts is a result of Keynesian economics by numerous presidents. When people loose their job because they are incompetitive they can start working in a different sector , where they can produce things which are profitable to be sold
You missed my point on tariffs. Inside the U.S. wager are about the same from state to state, so is reguation so they are not needed. Cheap third world labor is completely different problem. Americans cannot compete with .20/hr third world labor. That is just common sense, and the founder of the republic knew that, so they allowed for the tariff. Acutally it was intended to pay for government.
2) The number one source of revenue for the U.S. government was provided by the Hamilton Tariff Act of 1789. That was true untill the Federal Reserve was created in 1913. I really don't understand how you could consider how any of the Industrialized World could compete with third world laber. Globalization doesn't care they are working toward global government, they want to end nationstates , produce global wages, global ethnicity, global religion, one big happy plantation.
for example advanced technology or services, as such Chinese products aren't competitive with the American ones. This is a bad habbit when you want the government to help you, because it can't. All it can do is they can give you borrowed money, which you will have to pay back. Or more precisely: give it to the corporations' presidents, so that you can pay it back : )
and the numerous bubbles caused by irresponsible monetary policy, as well as the structure of this import and it's realtive size to the export, not it's absolute size.
Obama is following the NWO plan to a tee. Bankrupt the country so we can move to a new world currency.We the sheeple are eating it up like so much rhetoric of the past.
I say now, I have no respect for gov or police. I put my trust in G-o-d not g-o-v. I believe in the Bible 100%! I believe in Bible Prophecy! I believe Saturday is God's Sabbath day to be kept Holy! I denounce the Roman Catholic Church for she is not my god nor is she holy! So come on Homeland Security, come get me cause Praise God I am a "terrorist"!
Romans 10:9 - That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
Capitalism doesn't work. I know, we haven't had real capitalism like the Soviet Union never had true socialism. If real capitalism were ever tried it would turn out even worse since it basically would have power and influence even less checked than it already is .. a Reagan wet dream. You can't legislate trickle down so what you have effectively is wage slavery ...thats capitalism; competition where cooperation and organization is what a older wiser China
ok so modify capitalsim. its an idea or a theory and is subject to change as society progresses. communism/socialism is basically the same thing as the type of capitalism we have here. only the govt owns everything there. where as we have the illusion that big business isnt also govt
like i said. capitalism is a mans idea. and its a good frame. its just that cuz of free market capitalism, everything is up for sale, so someone has alredy bought the govt, media, land, and even our water and air
It does work everywhere were it was tried. Chine is not a capitalist country : even though business has more freedom than in US, the citizens don't . And capitalism is all about personal freedom. In Poland we don't have a socialist government creating trillions of dollar out of thin air and: guess what? There was no recession at all ! Not a single month of decreasing GDP ! Now go die in your socialist hell.
More and more people are suspicious of the gov. The world has turn its back on the secret Nazi owners of the banks who really control the gov. Obama is not being accepted as the shining knight of change.
Don't worry about the internment camps get your savings out of USA currencey before its worth 1/6 as it's worth now.
Till then, every Muslim, American, European, Asian, whatever, needs to be against the unconstitutional, corrupt Federal Reserve. The sooner this comes to an end the sooner we will all find peace.
Every person should educate themselves, not accept any one else's single opinion, on the Federal Reserve. Watch and learn from those that have stepped up to the plate to educate us. EndTheFedRes...the key is information...not blind loyalty.
Either way it doesnt matter. I dont want to offend your religious beliefs but I do agree with what the rest of the video talks about. The Federal Reserve is the axis of evil from which every other evil spawns. They are the sole reason we wage war on those who can not defend themselves. I am open to more videos if you can reference them.
ewffaces I'm sorry, did we misunderstand what Zeitgeist was about? I take Zeitgeist as truth and Zeitgeist Debunked seemed to not agree or disagree with that.
I hope we can at least agree that money is the axis of evil. Can we! If so your first priority should be to abolish the Federal Reserve. To insight needless wars, and carry out atrocities on Muslims is not needed. This is not the actions of the American people this is the actions of the unconstitutional, corrupt Federal Reserve. So do you want to agree on this or not. This is our critical juncture, you make the choice. Do we agree or not?
ewffaces, dont spend much time behind the screen. However I do believe we share the same views on money and the evil it creates. As far as my religion...you should be happy that i am not Christian, or Catholic. I'm not an extremist either. Your views are YOUR VIEWS, and should not be pressed upon others.
What a mess. So weird. We spend this borrowed money to finance our monster military so that we can fight wars for oil. All China has to do is cut us off and we fizzle out. How will we fight then? A nation's military might rests more on its financial stability then on its sophisticated weapons. We are being sucked dry by people who simply want to build weapons for their own profit with the government justifying a nonsensical paradigm to appease them. Meantime no oil is being found.
Schiff- What planet are you from? If it weren't for Obama's stimulus program and the treasury suffusing the banks with cash, we would still be in a death spiral. Obama's options are limited--including the limited option of only talking about savings. If China stops buying our debt--we will default or go into hyperinflation. Not something they would want to see happen to their investment.
the system CAN be changed - its not like its this fixed inevitable force. it has to be changed - its foundation is flawed and corrupt. band aid solutions just reinforces and supports its.
currency inflation is only symtomatic of an economy on life support; exponential population growth in a world of fixed resources is the inevitable self-limiting force
Schiff: Good comments as usual. Your audience is citizens. The entrenched gov and industry do not give a rip about your or your listeners. They are lying and do not care. We need to walk very carefully and wisely. IMHO - everyone needs to establish their trusted friends, work hard on educating yourself, and prepare. All the signs are bad. We need to grow a backbone very quickly.
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I'm from Farmington, CT and I am switching my party registration to republican so I can vote for Peter in the primary. I can't wait to volunteer! Go get 'em Peter!
Basically to summarize what Peter is saying in a few terms most can understand:
America will have to come to a hard decision and essentially chop of two of its legs before everyone realizes that we are "lieing" to ourselves saying that we can get out of the recession with our spur of the moment policies and rate cuts.
However, Americans in power are very egotistical and sometimes it is hard to change the mind of a stubborn mule. If people stop lending to Americans, we are going down fast.
Our leaders simply lack a clear economic model which can diagnose our problems and provide a meaningful solution. They are trapped in the Keynesian airlock which disconnects government spending and debt from the taxpayers. It feels like citizens want to believe in it too, so they don't have to worry about their benefits.
The scary truth is that Obama actually doesn't know what he wants on this issue. He's just saying things, because that's what he's expected to do, I guess. It's all vain.
Today, September 23rd, twenty three Republican US Senators are holding a $500 per plate fundraiser in Washington DC for Rand Paul's opponent. These senator's are your "good ole boy" bailout Senators with lobbyist friends.
Join in the fight and help Rand Paul deliver a knock out punch to the establishment candidate with a pledge to donate TODAY!
Schiff (and the rest of the people watching this) - at G20 they plan on a global rebalancing act. The US dollar is ment to plummet while other currencies, like the Chinese dollar will reval.
Obama himself admits this (google Obama wants G20 to rethink global economy)
No more "normal" politicians. "Normal" politicians helped us get into this mess. Someone who knows something about "Money As Debt" needs to go to the U.S. Senate.
Thank you Mr. Schiff. I can't wait to watch the first CSPAN segment with you behind the microphone on the Senate floor. You are definitely going to ruffle some Republican/Democrat feathers for sure, LOL, and I usually hate drama..Thanks for all your hard work and keeping us informed. And, congratulations. Conneticut is going to be rock'n with you as their Senator. I'm jealous here in Oregon.
What will it take for Peter to know that this is all by design...or does he simply not admit it? Surely, he must know that Obama realizes the irony in his statement on savings given "Cash for Clunkers" ? Com'on, are we truly this gullible or is everyone playing nice, polite & PC?
You can't win playing by the rules of a corrupted game. But hey, hard truth takes sacrifice, right?. I dunno...Maybe Peter is still in the "Matrix". *sigh* Shame.
I think he is aware but perhaps doesnt want to engage in conspiracy theories to maintain mainstream credibility. Im sure Peter cant be that stupid....heres hoping anyway.
I live in Northern Ireland but if i lived anywhere that was even close to Conneticut, like MA i would come down and volunteer. Fuck it i would even stick posters up in Boston just in case anyone from Conneticut was on holiday. Just like Brewsters Millions. All 50 states in case any one from Conneticut was on holiday lol
Good job Pete. We need to start holding rallys outside of Congress, the White House even the Supreme Court, where are they at in all of this?? They need to get the White House and Congress under control and stop screwing everyone over!
This comment has received too many negative votesshow
C'mon. If the President says the Chinese should spend more while the Americans should save more you doesn't know what that means?
If you say "when the government borrows we borrow". That's not necessarily right! If the government borrows from its citizens then it is "when the government borrows we lend"!
So: Americans save in T-bonds. China doesn't. The government still has money. The dependency on foreign countries drops.
When does our government borrow from citizens. NEVER. The government takes, not borrow. Where is there ever a payback to the american people from the government. NEVER.
So americans buy T-bonds, then wait for them to mature. Once they have matured, the government either borrows money from other countries or prints money to pay the 'intrest' on these T-bonds. Either way the person who bought the T-bonds is screwed. You either owe more money to a foriegn government, or the value of the interst eared is negated by the inflation caused by printing the money.
Thats the whole point, our government has to pay our interest on T-bonds by either borrowing or printing. Imagine if you were in this boat personally. Imagine being so broke that you have to borrow from one credit card, just to pay the interset on another. YOUR JUST GOING DEEPER INTO DEBT! Except that your debt is yours alone, the government debt is everyones debt.
And to your 2nd point, interest rates are higher than inflation rates simply cuz they lie about inflation, everyone knows that.
In a FIAT MONEY system interest are paid with printed money. No doubt. But as long your interest rate is above the increase rate of money (simplified!), You win.
"the government debt is everyones debt". That's half right
* It is the money of somebody else. US citizens as well.
* It is the debt of the tax payer. Only tax payer are able to pay the debts, i.e. actually you need higher taxes if you want to reduce the debts but for some reasons tax cuts seems to be the magic bullet for everything.
Actually, you need tax cuts to improve the economy. Tax cuts on businesses give the owners more money to expand and hire new employees. And the government needs to cut spending. More taxes are worthless, because as it has been for a while, the more money they get in taxes the more they spend. You can't spend your way out of debt(unless the government gambles it at a dog track and happens to win) Money simply doesn't work that way.
It didn't matter that we balanced the budget. As soon as the WhiteHouse used the press to promote the balanced budget(which wasn't really balanced at all since the money was borrowed from the reserve and shifted from Medicaid/medicare/social security), they immediately began spending and borrowing again. The appearance of a "surplus budget" simply could not be maintained.Also, you don't need "hard evidence" to prove that tax cuts help the economy.Just common sense. If they take less we have more
"Just common sense. If they take less we have more".
Thank you ;-)
As hard as it may sound sometimes it is better when you have less. The government mustn't think of your wellbeing they have to think of everybody's wellbeing. On a overall economic point of view it MIGHT make sense to take away your money to build streets and bridges or to INVEST in public schools instead of letting you buy a new HD screen.
You must be joking. After this comment I don't believe you are being serious.
By the way, the reason the Bush tax cuts failed is because he needlessly increased spending while fighting a "war".
You must have better arguments then that.
And on public schools: They don't need anymore money. Putting more money into a terrible school system, that wastes money around every corner while pumping out children that can't educationally compete with other countries spending less, is are terrible idea.
How's that INVESTMENT in public schools working out for us so far? Maybe not so great, considering politicians put their kids in private school. Or that 'un-certified' parents teaching their own kids at home make the public school system look like a joke. There are third-world school systems that are making our public school system look like a joke, so maybe that's not so hard. Your theory depends on a bullycrat making our INVESTMENT decisions for us. I vote we take the power away from them.
"There are third-world school systems that are making our public school system look like a joke"
Correction: There are PUBLIC third-world school systems that are making our public school system look like a joke. Maybe it is rather the SYSTEM than the PUBLIC.
"when was the last tax raise?" They haven't need new taxes because they have been simply spending more and taking away benefits from Medicaid/Medicare/Social Security/VA/Military/transportation. They got by skimming back in those areas and more.
There is no way to pay back this debt with taxes alone anyways. In fact, some in congress have spoke with representatives in Alaska about selling portions of their state to reduce the debt.
GoldeneBremm, It's plain to see your a socialist, so debating you on ecconomics is senseless. 'The government mustn't think of your wellbeing they have to think of everybody's wellbeing. On a overall economic point of view it MIGHT make sense to take away your money to build streets and bridges or to INVEST in public schools..........'
I get the bridges and streets, but do you think it's ok for government to 'take away your money' and give it to another person?
I am not a Reagonomist, don't even know what that means........is it in the Dictionary? I follow the Austrian ecconomic priciples.
Mr. GoldeneBremm, Do you realize we, as a country are broke. Our government, and individuals are BROKE. When people are broke, they have to stop spending, plain and simple. Sir, take some time to answer the Q below.
Do you actually understand Reaganomics, or are you just blindly using that label for people who don't agree with you? I assure you that the majority of people here are Austrian leaning with slight Monetarist tones, which is about as far from Reaganomics as possible. Reaganomics, as envisioned by Art Laffer, relies on the same obsolete Labor Theory of Value that was central to Marxism. That same Art Laffer ridiculed Schiff on CNBC for sounding the alarm before the real estate collapse.
You're not going to win many arguments as judged by outside observers when you resort to labeling people, regardless of whether you get labeled yourself.
On Schiff's comment, as Schiff has explained in more detail on many occasions, the rhetoric of Reagan was sound, but in practice he did not live up to the fiscal restraint he preached.
The majority of people in the US also supported Bush and then supported Obama; groupthink will continue to run the country into the ground.
Dont mind this jackass. Like a lot of other neo-socialists, they're always denying they are just that...and always, the weird obsession with other people buying TVs...GET OVER IT
Don't even bother with this guy. He has no concept of free economy. Some of his comments will make you laugh and cry at the same time do to the thickness of ignorance.
GoldeneBremm simply doesn't understand how money works.
'He' hasn't because 'he' thinks a mixed economy is the best way. But since 'he' isn't a Laissez-faire combatant 'he' has to be a Socialist. There is no middle ground or third way possible. No way. A reasonable discussion is for sissies and government is always the problem. Doesn't matter it works for other countries.
I don't see it working for many countries. Plus we don't want to be like every other country. I like living in the largest economy in the world. I like the fact that even our poor have cars and are able to eat. No one ever starves to death in America. We are are a rich nation. The thing that is holding us back IS the government. Say by that, yes, one could say the government is all the problems.
It is hard to have a reasonable discussions when you're talking about unreasonable ideas.
"Say by that, yes, one could say the government is all the problems."
Imagine the alternative.
"It is hard to have a reasonable discussions when you're talking about unreasonable ideas."
You mean the same unreasonable ideas that are reality in Canada and Western Europe? I know you don't want to be like them but that doesn't make it unreasonable.
No one starves in America because a booming economy. The welfare system is not the reason. They don't pay out as much money for food in comparison to charity organizations. So yo r statement:"Because of a welfare system." is false.
I do imagine the alternative, and less government always makes much more sense. More freedom for people to make mistakes, learn from them, and teach others how to avoid those same problems. Governments want to keep you stupid so you have to rely on them.
Booming economy? Have you looked out of the window recently?
"and less government always makes much more sense"
In the Soviet Union they had way too much government. In the most Third World countries they have way too less government. That was the alternative I was talking about.
Government is neither the problem nor the solution. Now get it going.
Yes a booming economy. We still make more GDP than any other nation. We still have the largest economy(that is if you don't count our debts, brought on by government over spending and taxation.) The government IS the problem and it IS the solution. Problem: too much financial over sight of credit industries by the Federal reserve. Solution: Oust the Federal reserve slowly.
And lease don't tell me the federal reserve is a private organization. Their is more too it than that.
The reason that it got this way was by allowing the FED to set it's interests rates too low allowing people to get loans they had no chance in hell to pay them back. The banks wouldn't have been able to give those loans if the FED didn't 'loan' them the money. That is what I meant by "too much financial over sight of credit industries by the Federal reserve".... I should have worded that better.
I don't believe in a federalized banking system. Our government keeps getting in the way of profit and that is a huge problem. The market can control itself....Yes, there will be some people at times who lose a lot from bad investments, but they should suffer the consequences of their actions. That is what life is all about: living, learning and growing. If we continue to protect people from themselves we are denying them the satisfaction of a whole life. We must let people live there lives.
The problem with third world countries isn't too much government, it is too little law enforcement.
Laws are useless unless someone is enforcing them fairly. Also, it doesn't matter how much or how little government you have if it is run by evil people.
So now you are saying the government isn't the solution? What is the answer then, my friend?
But isn't the reason to control a monopoly to stop a corporation from being stronger than the government? Didn't people buy the goods and services this 'monopoly' offered to the point that it benefited them enough to let it get so large?
That is the difference between corporations and government. Corporations have to follow the law the government makes but the government will change the law accordingly to benefit itself regardless of the ramifications to the people.
"isn't the reason to control a monopoly to stop a corporation from being stronger than the government?"
That's one of many reasons.
"Didn't people buy .. this 'monopoly' offered .. that it benefited them enough to let it get so large?"
Yes they did. Unless we talking about a natural monopoly. In that case the monopoly was the inevitable consequence of the business. In other businesses a monopoly is highly unlikely. And then the government has to watch that it isn't abuse its market dominance.
"but the government will change the law accordingly to benefit itself regardless of the ramifications to the people."
As long it is in a democracy it's rather "will change the law accordingly to benefit its voters regardless of the ramifications to rest of the people". And that's OK as long one doesn't forget completely about the others. Every change has winners and losers. Let's be your contributors the winners.
imo, it's time to end up with representative governs everywhere! Representative is outdated! We could now, with the blink of an eye, turn our govern into something completely new~, where EVERYONE can actually see and vote any law/bill! All that is needed is a facebook like platform with access trough social security number (wich is already created) where all projects are posted for EVERYONE to read, comment and VOTE!
thats democracy. that would be mob rule. with mob rule the majority could vote to outlaw red heads. you need to have something like a constitution that guarantees everyone rights. so the majority cant do crazy things to the minority.
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we are anonymous, we are aware of the corruption in the world's governments and their apathy for the human lives because of money.
we are aware of the governments' attempt to cover on the news of the rebellions to keep us as slaves for the current system.
we are anonymous, we declare war on the corrupted system, join the plan to get your freedom and rights back. you are a human being, your life has value. we are anonymous, we are legion, expect us!
whatis-theplan(dot)org
LCG8928 7 months ago
LAME!!! SOUNDS NOT LIKE TÄGTRGREN!!!
p.s. praise the capslock day
Metzgore6 1 year ago
ISNT it spelled hypocracy
stormchaser420 1 year ago
@stormchaser420 Nope
Pdrum2 10 months ago
@stormchaser420 wait is that a joke?
Pdrum2 10 months ago
@stormchaser420 No.
TWSceptic 1 month ago
help!!!
1978CamaroRedneck 1 year ago
Cut military spending and spend it on the population of your country. Arms manufacturers get rich while your population is dumbed down by extremely underfunded public education. Your citizens suffer because your public health care funding is insignificant compared to military spending. I sincerely feel sorry for the lower, and middle income citizens of the U.S who are struggling already and will suffer in the years to come, while the elite laugh all the way to 'their' banks. Peace.
richienz07 2 years ago
Well said richie, our real problem is that we have been deindustrialized, our borders are open to whomever wants to walk in. Our government has been totally infiltrated by globalist ideology, 40% of our population is not native born, therefore they do not have a dedicated love for the country.
That all said; globalization is the enemy that is taking us down.
louiethegreater 2 years ago
Citizens will suffer more when their money is stolen and wasted and spent on public education and health care, which are ineffective , wasteful and shitty. How can globalization be your enemy, when the America was built by the immigrants? I'd say 99% percent is not native born, because how can you call descendands of the English 'native' ? And without China you wouldn't be able to support your phony economy. It's a pity America has forgotten what freedom is.
panzerny 2 years ago
How do you figure public education is ineffective. We don't have public healthcare how could it be labled inefficient. I believe you could honestly say that american was built by immigrants, the ratio was 95-5 not 60-40. China has no choice but to support the phony economy, everything in our stores is made in China, can you imagine the export market that is for China. Globalism is the problem, and thats our only problem.
louiethegreater 2 years ago
The best answer would be : it can't be efficient by the definition, but I reckon it wouldn't satisfy you. So let me just say I have been educated in public schools and without extra English lessons I would be pretty likely unable to write these comments. And China has a choice: fuck America, stop sending money and goods there and consume the goods and invest it... The problem with America is that it buys things it cannot affford for the money it doesn't have.
panzerny 2 years ago
How are you going to pay back the 12 trillion dollar debt , when all the money you borrowed has been consumed ! And you're right when you say 'everything in our stores is made in China'. That's right ! All that America is producing is more debt, more dollars that are starting to become more and more worthless. If you are unable to finance this trade deficit (because all the money is consumed , and not invested) , do you think they will deliver the goods for free? For more worthless green paper?
panzerny 2 years ago
I disagree China has no choice, the Chinese People cannot afford the goods the produce for the American and Western European markets. So they are not going to consume their own product, not on .20/hr labor. That cheap labor is the problem all our industry has been outsourced to cheap, unregulated third world markets. Americans cannot earn a living, so consumption will gradually taper off. This is not the American Peoples fault it is the Government's desire to further globalism at fault.
louiethegreater 2 years ago
they are lending money to the USA, and this money is then used to buy Chinese products. I don't see any problem for them to stop lending and start using this money for consumption and investing. This unregulated market is why the Chinese get richer and richer ( i'm not saying they are 'rich', but 'poor' is still richer than 'on the edge of starvation', and their standard of living has improved BECAUSE of this cheap labour, not despite it. ). This is good for America.
panzerny 2 years ago
When the U.S. auctions off treasury bonds, the Chineses buys them. The U.S. Government does not consume third world products, the American People does. The reason we do, is because we have no choice everything is made in some third world country Yes the U.S. is in debt more than we can ever pay. The whole thing is by design, globalist have infiltrated Washington and contrived a plan to bankrupt the country, and have the NAU as a solution. They are intent on destroying the american middleclas
louiethegreater 2 years ago
So the solution is to start producing and saving again , or using the borrowed money and import to invest. It cannot be done by bailing out inefficient companies, they should fail and let someone reorganize it, so that they can become competitive. The recession instead of being resisted should be EMBRACED as a cure for these diseases. And it's not because 'globalists infiltration', it's because the governemnt are greedy idiots pursuing their own ends, saying 'fuck you' to the society.
panzerny 2 years ago
The solution is to add a 50% tariff at our borders and to halt emigration for at least 10 years.
That would give domestic industries a fair chance to compete agains cheap, unregulated third world labor. I really don't believe it matters if we resist, or except a severe recession or not we are going through one. I firmly believe Washingtion has been infiltrated withe global ideology, and their goal is to bankrupt us, and offer the NAU as a solution to the problem.
louiethegreater 2 years ago
if you add a tariff then the prices will automatically go up. If some wise man brings back sound monetary policy and cuts on federal spendings everything should slowly go back to the right balance. Restraining trade is always bad for the society that performs it ( prices go up, capital that could be producing more profitable goods is allocated in production of goods that you can import... and so on). The problem isn't the big import, the problem is the enormous debt
panzerny 2 years ago
The enormous debt is a result of the enormous job loss. When 15 to 20 million people has lost their jobs, they by nature look to government for support. The tax revenue is lost, plus the social benefits are allocated to the folks who lost their jobs. The industry is gone, and they cannot be taxed to pay for govenment. The founders of our republic intended tariffs to pay for government. All free traders like to keep that fact carefully under raps.
louiethegreater 2 years ago
so if these tariffs are so great , then why don't you introduce them inside US? If the american industry has to be 'defended' from the Chinese one, so why not defend NY industry from these in Chicago, or the Californian workplaces from the Texas? The debts is a result of Keynesian economics by numerous presidents. When people loose their job because they are incompetitive they can start working in a different sector , where they can produce things which are profitable to be sold
panzerny 2 years ago
You missed my point on tariffs. Inside the U.S. wager are about the same from state to state, so is reguation so they are not needed. Cheap third world labor is completely different problem. Americans cannot compete with .20/hr third world labor. That is just common sense, and the founder of the republic knew that, so they allowed for the tariff. Acutally it was intended to pay for government.
louiethegreater 2 years ago
2) The number one source of revenue for the U.S. government was provided by the Hamilton Tariff Act of 1789. That was true untill the Federal Reserve was created in 1913. I really don't understand how you could consider how any of the Industrialized World could compete with third world laber. Globalization doesn't care they are working toward global government, they want to end nationstates , produce global wages, global ethnicity, global religion, one big happy plantation.
louiethegreater 2 years ago
for example advanced technology or services, as such Chinese products aren't competitive with the American ones. This is a bad habbit when you want the government to help you, because it can't. All it can do is they can give you borrowed money, which you will have to pay back. Or more precisely: give it to the corporations' presidents, so that you can pay it back : )
panzerny 2 years ago
and the numerous bubbles caused by irresponsible monetary policy, as well as the structure of this import and it's realtive size to the export, not it's absolute size.
panzerny 2 years ago
What is bad is that the USA isn't producing enough to finance this consumption. And the deficit money comes from China
panzerny 2 years ago
I really feel that your video is about Obama, not G-20.
I come here looking for G-20 info and I get Anti-Obama-Policy talk.
PrivateDeli 2 years ago
"anti-obama-policy-talk"? is that an actual concept?
oh yes how dare we puny swine dare question the will of the great and glorious comrade obama?
be quiet PrivateDeli
lictor313 2 years ago
Please! Get rid of our Congress, the House of Reps,
Today 10/09/09 the East, is now bring the Dollar down, And it's on design,
This is the finial days of the USA
A Oath Keeper,
What are you goin to do??
MYFreeSpeach4U 2 years ago
Obama is following the NWO plan to a tee. Bankrupt the country so we can move to a new world currency.We the sheeple are eating it up like so much rhetoric of the past.
Spencerianism 2 years ago
Very informative! Thank you for taking the time out of your day to give us this information.
shinobiR1 2 years ago
The only way you can have your civil rights violated in this situation is to be black. Why did it take the ACLU so long to act ?
billeybop 2 years ago
I say now, I have no respect for gov or police. I put my trust in G-o-d not g-o-v. I believe in the Bible 100%! I believe in Bible Prophecy! I believe Saturday is God's Sabbath day to be kept Holy! I denounce the Roman Catholic Church for she is not my god nor is she holy! So come on Homeland Security, come get me cause Praise God I am a "terrorist"!
DigitalPraise7 2 years ago
You are so fucking brainwashed...
321lawc 2 years ago
Please state your case more intelligently than dropping the f bomb.
DigitalPraise7 2 years ago
DOWN WITH THE UN!! They were influenced by the same person that inspired HITLER
wearethenightmare 2 years ago
Let's go to Brazil, not that it's the best nation on earth, but at least they are happy, and use common sense if you watch how they do business.
nickfl1980 2 years ago
JESUS IS LORD.
Romans 10:9 - That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
stayvigilant 2 years ago
Why don't you move to China, Omega. If it's so great, don't waste your time here.
Oh wait, we don't find too many Americans trying to emigrate to China. But there are plenty of Chinese who would flee to the US.
myxylplx6 2 years ago
Guess what folks,
Capitalism doesn't work. I know, we haven't had real capitalism like the Soviet Union never had true socialism. If real capitalism were ever tried it would turn out even worse since it basically would have power and influence even less checked than it already is .. a Reagan wet dream. You can't legislate trickle down so what you have effectively is wage slavery ...thats capitalism; competition where cooperation and organization is what a older wiser China
does.
omegapointil 2 years ago
ok so modify capitalsim. its an idea or a theory and is subject to change as society progresses. communism/socialism is basically the same thing as the type of capitalism we have here. only the govt owns everything there. where as we have the illusion that big business isnt also govt
like i said. capitalism is a mans idea. and its a good frame. its just that cuz of free market capitalism, everything is up for sale, so someone has alredy bought the govt, media, land, and even our water and air
txfreedom09 2 years ago
It does work everywhere were it was tried. Chine is not a capitalist country : even though business has more freedom than in US, the citizens don't . And capitalism is all about personal freedom. In Poland we don't have a socialist government creating trillions of dollar out of thin air and: guess what? There was no recession at all ! Not a single month of decreasing GDP ! Now go die in your socialist hell.
panzerny 2 years ago
Ron Paul and Peter Schiff - 2012!
Lingerfoot 2 years ago 8
Interesting video--thanks for taking the time to share your thoughts. And good luck in your campaign!
AntiApparatchik 2 years ago
This guy should run for President.. im not joking.
sXeish 2 years ago
The Fed owners would destroy him threw the MSM by smearing him.
drudge20 2 years ago
Like they do with Ron Paul.
togussa 2 years ago
Exactly,the good news I knew they were doing it to Paul during the election. Now alot of people are catching on for 2012.
Like the founders said if you want liberty you are going to have to fight for it.
drudge20 2 years ago
Question is how many people will be rounded up, or awakened by 2012.
togussa 2 years ago
More and more people are suspicious of the gov. The world has turn its back on the secret Nazi owners of the banks who really control the gov. Obama is not being accepted as the shining knight of change.
Don't worry about the internment camps get your savings out of USA currencey before its worth 1/6 as it's worth now.
drudge20 2 years ago
Agreed.
togussa 2 years ago
This has been flagged as spam show
Please check out my video response to this video for more.
togussa 2 years ago
I love these political videos, because everyone writes a paragraph long comment, and it is going to be read and counter-paragraphed by everyone else.
Awgez24 2 years ago
thats so true, LOL.
treid100182 2 years ago
Till then, every Muslim, American, European, Asian, whatever, needs to be against the unconstitutional, corrupt Federal Reserve. The sooner this comes to an end the sooner we will all find peace.
EndTheFedRes 2 years ago
Every person should educate themselves, not accept any one else's single opinion, on the Federal Reserve. Watch and learn from those that have stepped up to the plate to educate us. EndTheFedRes...the key is information...not blind loyalty.
imbabci2 2 years ago 2
Either way it doesnt matter. I dont want to offend your religious beliefs but I do agree with what the rest of the video talks about. The Federal Reserve is the axis of evil from which every other evil spawns. They are the sole reason we wage war on those who can not defend themselves. I am open to more videos if you can reference them.
EndTheFedRes 2 years ago
ewffaces I'm sorry, did we misunderstand what Zeitgeist was about? I take Zeitgeist as truth and Zeitgeist Debunked seemed to not agree or disagree with that.
EndTheFedRes 2 years ago
I hope we can at least agree that money is the axis of evil. Can we! If so your first priority should be to abolish the Federal Reserve. To insight needless wars, and carry out atrocities on Muslims is not needed. This is not the actions of the American people this is the actions of the unconstitutional, corrupt Federal Reserve. So do you want to agree on this or not. This is our critical juncture, you make the choice. Do we agree or not?
EndTheFedRes 2 years ago
I would agree that the Federal Reserve is one arm of the conspiracy.
imbabci2 2 years ago
Much of the first 2 sections of Zeitgeist are fact and move logically. But, in the 3rd section they move to opinion...someone else's opinion.
I recommend caution in the 3rd section.
imbabci2 2 years ago
Thank you, Peter, for speaking in "regular Joe" language. Please, teach! We'll need you to teach us about the Senate, too.
imbabci2 2 years ago
Peter Schiff for US Senate 2010!
Peter Schiff for US President 2016!
BeadStallcup 2 years ago
he looks pissed off
l1onheart617 2 years ago
ewffaces, dont spend much time behind the screen. However I do believe we share the same views on money and the evil it creates. As far as my religion...you should be happy that i am not Christian, or Catholic. I'm not an extremist either. Your views are YOUR VIEWS, and should not be pressed upon others.
I recommend you watch Zeitgeist the movie.
good luck
EndTheFedRes 2 years ago
What a mess. So weird. We spend this borrowed money to finance our monster military so that we can fight wars for oil. All China has to do is cut us off and we fizzle out. How will we fight then? A nation's military might rests more on its financial stability then on its sophisticated weapons. We are being sucked dry by people who simply want to build weapons for their own profit with the government justifying a nonsensical paradigm to appease them. Meantime no oil is being found.
James
MonteCristoRecords 2 years ago
Schiff- What planet are you from? If it weren't for Obama's stimulus program and the treasury suffusing the banks with cash, we would still be in a death spiral. Obama's options are limited--including the limited option of only talking about savings. If China stops buying our debt--we will default or go into hyperinflation. Not something they would want to see happen to their investment.
JuanVoyce 2 years ago
the system CAN be changed - its not like its this fixed inevitable force. it has to be changed - its foundation is flawed and corrupt. band aid solutions just reinforces and supports its.
wize1 2 years ago
currency inflation is only symtomatic of an economy on life support; exponential population growth in a world of fixed resources is the inevitable self-limiting force
JuanVoyce 2 years ago
right... you talking about the stimulus that still has 90 % to be spent... lol
NYredwhiteandblue 2 years ago
and so your point must be that the crisis warrants even greater deficit spending; some would agree with that--but apparently not Schiff
JuanVoyce 2 years ago
that sucks, what a lie its trillions not billions like they said im thinking about not having kids because of this bailout bullshit
l1onheart617 2 years ago
my chart says nzd/usd is 30% up is 6 months (only :p )
ricochetVendetta 2 years ago
Schiff: Good comments as usual. Your audience is citizens. The entrenched gov and industry do not give a rip about your or your listeners. They are lying and do not care. We need to walk very carefully and wisely. IMHO - everyone needs to establish their trusted friends, work hard on educating yourself, and prepare. All the signs are bad. We need to grow a backbone very quickly.
Ron911truth 2 years ago
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usrevolution2 2 years ago
let all know that linda mccman donated to raulm emanual in 2008.... republicans will kick this bitch to the curb.//////
danielstwin 2 years ago
"let the private sector keep the money and provide the service more efficiently."
Private sector is this, PRIVATE. It can't provide public responsibilities like infrastructure. In particular in rural areas.
"Furthermore, the govt encourages"
I don't say the government was right about that. In that case Mr. Schiff is 100% right. Less consumption, more production.
GoldeneBremm 2 years ago
lowering taxes
cutting govt expenditures
getting small businesses hiring again
TheNewMusicNetwork 2 years ago
I'm from Farmington, CT and I am switching my party registration to republican so I can vote for Peter in the primary. I can't wait to volunteer! Go get 'em Peter!
twinsrule8907 2 years ago 2
Damn - Love listening to this Guy- plain,simple, in your face financial sense.
lenny380 2 years ago
This is wisdom that I just can't get from the traditional media.
AnotherUserNamedPaul 2 years ago 2
dude, you need to be the next president of the united states. if not, the one after that.
dilauroj94 2 years ago 2
Unhappy thoughts -- the catch phrase that sums up Schiff's video ...
"... it's all been undone..."
TylerNull 2 years ago
Basically to summarize what Peter is saying in a few terms most can understand:
America will have to come to a hard decision and essentially chop of two of its legs before everyone realizes that we are "lieing" to ourselves saying that we can get out of the recession with our spur of the moment policies and rate cuts.
However, Americans in power are very egotistical and sometimes it is hard to change the mind of a stubborn mule. If people stop lending to Americans, we are going down fast.
chopstix3 2 years ago
The problem is the FED printing our money! Why do we have private banks printing and in charge of the US dollar!!! FARCE!!!!!!
Donations? Sell that piece of furniture behind you. That should get you a few bucks.
Save??????? Save what???????
The dollar is going to collapse by design. I'll give it 2 years, There will be no more dollar.
wirezworks 2 years ago
good one, peter
tacotank10 2 years ago
Good analysis, thanks.
profriday 2 years ago
Obama proved by his UN speech where he threw the Israelis under the bus while kissing muslim ass that hes a muslim.
gawtmeelk 2 years ago
ewffaces are you for real? I do not support Obama, nor McCain, or Helicopter Ben.
I'm not very religious but doesn't god decide who goes to hell? That is if you believe in hell.
EndTheFedRes 2 years ago
ewffaces: There's no such thing as hell. It's a fairytale to try and keep you in line.
itrainsinoctober 2 years ago
Americans are loosing 20k per year and only a few get grumpy. Must be something in the water!
0urGaia 2 years ago 3
Our leaders simply lack a clear economic model which can diagnose our problems and provide a meaningful solution. They are trapped in the Keynesian airlock which disconnects government spending and debt from the taxpayers. It feels like citizens want to believe in it too, so they don't have to worry about their benefits.
The scary truth is that Obama actually doesn't know what he wants on this issue. He's just saying things, because that's what he's expected to do, I guess. It's all vain.
fiveminuteplan 2 years ago 2
Vote for Schiff 2010
Anth104 2 years ago 2
He's really good at reading a teleprompter, without it he's a bumbling idiot. "Bu bu bububu, but, see see see no no th, th...thee economy..."
At least Bush could wing it, make his whole speech sound completely retarded, and made us all laugh in the process. =)
SeburoX43 2 years ago
He's a Christian and you're a racist.
Go back to your cave.
Esoteric604 2 years ago
I'd rather have a Muslim president who actually engages in fiscal conservatism than a Christian spendaholic warmonger.
bobjman 2 years ago
yea, every muslim president is a tyrant and dictator.
no such thing as muslim fiscal conservative, democracy doesnt work with political islam.
christianity had an enlightenment. u know nothing about islam.
ImNeilPatrickHarris 2 years ago
i hope you really are NPH, because NPH is awesome.
jdepps13 2 years ago
paul-schiff 2012!
wmh1982 2 years ago 3
Peter you nailed it once more !! Good luck in 2010
detroitgreeks 2 years ago 3
I am glad you didn't mention the federal government should skip out on its debt. Although they already are with inflation.
pirucreek 2 years ago
Today, September 23rd, twenty three Republican US Senators are holding a $500 per plate fundraiser in Washington DC for Rand Paul's opponent. These senator's are your "good ole boy" bailout Senators with lobbyist friends.
Join in the fight and help Rand Paul deliver a knock out punch to the establishment candidate with a pledge to donate TODAY!
adsense1 2 years ago 5
Schiff (and the rest of the people watching this) - at G20 they plan on a global rebalancing act. The US dollar is ment to plummet while other currencies, like the Chinese dollar will reval.
Obama himself admits this (google Obama wants G20 to rethink global economy)
Horoist 2 years ago 2
G8 and G20 conferences--these things are worthless. All they do is talk about how great they are and pat themselves on the back.
Melville10 2 years ago 2
No more "normal" politicians. "Normal" politicians helped us get into this mess. Someone who knows something about "Money As Debt" needs to go to the U.S. Senate.
mcompany97 2 years ago
Peter Schiff is my Senator.
ditkuss 2 years ago
sorry but I don't get this American sayings. At the end Mr Schiff says:
"So long" but 6.19[m] is So short not long???
Is Anyone knows this fraze ethymology ?
shapeshiftingLizard 2 years ago
So long means goodbye.
LokiScoutSniper 2 years ago
Thank you Mr. Schiff. I can't wait to watch the first CSPAN segment with you behind the microphone on the Senate floor. You are definitely going to ruffle some Republican/Democrat feathers for sure, LOL, and I usually hate drama..Thanks for all your hard work and keeping us informed. And, congratulations. Conneticut is going to be rock'n with you as their Senator. I'm jealous here in Oregon.
cherilynmonroe 2 years ago
G20 is full of nothing but vipers and thieves!
Thrice13 2 years ago
What will it take for Peter to know that this is all by design...or does he simply not admit it? Surely, he must know that Obama realizes the irony in his statement on savings given "Cash for Clunkers" ? Com'on, are we truly this gullible or is everyone playing nice, polite & PC?
You can't win playing by the rules of a corrupted game. But hey, hard truth takes sacrifice, right?. I dunno...Maybe Peter is still in the "Matrix". *sigh* Shame.
jawneblaize 2 years ago
I think he is aware but perhaps doesnt want to engage in conspiracy theories to maintain mainstream credibility. Im sure Peter cant be that stupid....heres hoping anyway.
feverpitch82 2 years ago
Brilliant Peter - BRILLIANT!
- im from Norway
xeppo 2 years ago
I live in Northern Ireland but if i lived anywhere that was even close to Conneticut, like MA i would come down and volunteer. Fuck it i would even stick posters up in Boston just in case anyone from Conneticut was on holiday. Just like Brewsters Millions. All 50 states in case any one from Conneticut was on holiday lol
AtheistThatsATheist 2 years ago
stock market up, dollar down
dollar up, stock market down
CNBC can't lose with this! A positive spin no matter what.
The question is when will stocks and the dollar move down together.
aw3212 2 years ago 2
Good job Pete. We need to start holding rallys outside of Congress, the White House even the Supreme Court, where are they at in all of this?? They need to get the White House and Congress under control and stop screwing everyone over!
kev492001 2 years ago
I think the economy would me much harder to kill if the people were more educated in money.
Living within your means. Investing wisely. Paying down debt. Good debt vs bad debt.
I suppose this is also the governments fault for not teaching financial education in schools. Whatever the weather you cant blame foreigners.
GSDebunked 2 years ago
This comment has received too many negative votes show
C'mon. If the President says the Chinese should spend more while the Americans should save more you doesn't know what that means?
If you say "when the government borrows we borrow". That's not necessarily right! If the government borrows from its citizens then it is "when the government borrows we lend"!
So: Americans save in T-bonds. China doesn't. The government still has money. The dependency on foreign countries drops.
What's wrong with that?
GoldeneBremm 2 years ago
GoldeneBremm says
"If the government borrows from its citizens"
When does our government borrow from citizens. NEVER. The government takes, not borrow. Where is there ever a payback to the american people from the government. NEVER.
RomanTerrell 2 years ago
The government borrows from you when you invest in treasury bonds. You get a payback which is called interest. It's not that hard to understand.
GoldeneBremm 2 years ago
So americans buy T-bonds, then wait for them to mature. Once they have matured, the government either borrows money from other countries or prints money to pay the 'intrest' on these T-bonds. Either way the person who bought the T-bonds is screwed. You either owe more money to a foriegn government, or the value of the interst eared is negated by the inflation caused by printing the money.
RomanTerrell 2 years ago 3
1. To pay interest the government can borrow from other Americans.
2. Historically the interest lay above the rate of inflation. Do you think the Chinese would have done that if they had expected to lose money?
GoldeneBremm 2 years ago
Thats the whole point, our government has to pay our interest on T-bonds by either borrowing or printing. Imagine if you were in this boat personally. Imagine being so broke that you have to borrow from one credit card, just to pay the interset on another. YOUR JUST GOING DEEPER INTO DEBT! Except that your debt is yours alone, the government debt is everyones debt.
And to your 2nd point, interest rates are higher than inflation rates simply cuz they lie about inflation, everyone knows that.
RomanTerrell 2 years ago
In a FIAT MONEY system interest are paid with printed money. No doubt. But as long your interest rate is above the increase rate of money (simplified!), You win.
"the government debt is everyones debt". That's half right
* It is the money of somebody else. US citizens as well.
* It is the debt of the tax payer. Only tax payer are able to pay the debts, i.e. actually you need higher taxes if you want to reduce the debts but for some reasons tax cuts seems to be the magic bullet for everything.
GoldeneBremm 2 years ago
Actually, you need tax cuts to improve the economy. Tax cuts on businesses give the owners more money to expand and hire new employees. And the government needs to cut spending. More taxes are worthless, because as it has been for a while, the more money they get in taxes the more they spend. You can't spend your way out of debt(unless the government gambles it at a dog track and happens to win) Money simply doesn't work that way.
Mauhadeeb28 2 years ago
"Actually, you need tax cuts to improve the economy"
Actually, theres is no hard evidence that tax cuts improve the economy!
"Tax cuts on businesses give the owners more money ...".
It was shown that tax cuts give the owners more money. That's all. They hire people if they can expand their business regardless of taxes.
"because as it has been for a while".
When was the last tax raise? In 1990? Helped Clinton later on to balance the budget.
"You can't spend your way out of debt"
True.
GoldeneBremm 2 years ago
It didn't matter that we balanced the budget. As soon as the WhiteHouse used the press to promote the balanced budget(which wasn't really balanced at all since the money was borrowed from the reserve and shifted from Medicaid/medicare/social security), they immediately began spending and borrowing again. The appearance of a "surplus budget" simply could not be maintained.Also, you don't need "hard evidence" to prove that tax cuts help the economy.Just common sense. If they take less we have more
Mauhadeeb28 2 years ago
"Just common sense. If they take less we have more".
Thank you ;-)
As hard as it may sound sometimes it is better when you have less. The government mustn't think of your wellbeing they have to think of everybody's wellbeing. On a overall economic point of view it MIGHT make sense to take away your money to build streets and bridges or to INVEST in public schools instead of letting you buy a new HD screen.
GoldeneBremm 2 years ago
"it MIGHT make sense to take away your money to build streets and bridges...........invest in schools......instead of letting you buy a new HD."
Classic Socialist mentality.
He actually says "letting you buy a new HD."
See, he thinks it's government's job to tell you how much of your own money you keep, and what you buy with it.
This is why our country is doomed.
Good luck in the future
RomanTerrell 2 years ago
You must be joking. After this comment I don't believe you are being serious.
By the way, the reason the Bush tax cuts failed is because he needlessly increased spending while fighting a "war".
You must have better arguments then that.
And on public schools: They don't need anymore money. Putting more money into a terrible school system, that wastes money around every corner while pumping out children that can't educationally compete with other countries spending less, is are terrible idea.
Mauhadeeb28 2 years ago
"By the way, the reason the Bush tax cuts failed is because he needlessly increased spending while fighting a war".
Excuse me, but that is nonsense. The tax cut failed because it decreased the revenues. Has nothing to do with spending.
GoldeneBremm 2 years ago
You must be kidding. There is no way that you meant what you just wrote.
"The tax cut failed because it decreased the revenues. Has nothing to do with spending. "
Please tell me you are more intelligent than that statements reveals. That comment shows an extreme misunderstanding of how taxes/spending works.
Mauhadeeb28 2 years ago
"That comment shows an extreme misunderstanding of how taxes/spending works."
If that is true I'm sure you can explain it to me in a way I am able to understand. PLEASE enlighten me.
GoldeneBremm 2 years ago
How's that INVESTMENT in public schools working out for us so far? Maybe not so great, considering politicians put their kids in private school. Or that 'un-certified' parents teaching their own kids at home make the public school system look like a joke. There are third-world school systems that are making our public school system look like a joke, so maybe that's not so hard. Your theory depends on a bullycrat making our INVESTMENT decisions for us. I vote we take the power away from them.
Jaycephus01 2 years ago 2
"There are third-world school systems that are making our public school system look like a joke"
Correction: There are PUBLIC third-world school systems that are making our public school system look like a joke. Maybe it is rather the SYSTEM than the PUBLIC.
GoldeneBremm 2 years ago
Indeed it is the system. So lets get rid of federally funded schools. Glad we can agree on something.
Mauhadeeb28 2 years ago
"when was the last tax raise?" They haven't need new taxes because they have been simply spending more and taking away benefits from Medicaid/Medicare/Social Security/VA/Military/transportation. They got by skimming back in those areas and more.
There is no way to pay back this debt with taxes alone anyways. In fact, some in congress have spoke with representatives in Alaska about selling portions of their state to reduce the debt.
Taxes won't help at all if we keep spending.
Ridiculous.
Mauhadeeb28 2 years ago
Well, in that case WE LOOSE! because our interest rate is below the rate of printed money, hence the lies about inflation.
Your very confused Sir/Maam.
Tax cuts work cuz we spend our money, therfore stimulating the ecconomy, therefore increasing tax revenues.
Raising taxed does the oppisite. When we have less money, we spend less, hire less, more layoffs, and the ecconomy shrinks. Basic Ecconomics.
RomanTerrell 2 years ago
"Your very confused Sir/Maam."
You can call me Mr.
"Tax cuts work cuz we spend our money, therfore stimulating the ecconomy, therefore increasing tax revenues. ...Basic Ecconomics."
Basic Economics THEORY which has proven wrong e.g. by the Bush tax cuts. It works if you have a 80% tax rate it doesn't work nowadays anymore.
GoldeneBremm 2 years ago
GoldeneBremm, It's plain to see your a socialist, so debating you on ecconomics is senseless. 'The government mustn't think of your wellbeing they have to think of everybody's wellbeing. On a overall economic point of view it MIGHT make sense to take away your money to build streets and bridges or to INVEST in public schools..........'
I get the bridges and streets, but do you think it's ok for government to 'take away your money' and give it to another person?
RomanTerrell 2 years ago
RomanTerrell, It's plain to see you're Reagonomist, so debating you on taxes is senseless. ;-)
"but do you think it's ok for government to 'take away your money' and give it to another person?"
1. I don't say I like it.
2. If it they give to that other person as a salary (teacher, civil engineer, etc.)? Yes! It is OK because it is necessary.
3. If it they give to that other person as a welfare? Mixed feelings! But better that way than to let them starve to death.
GoldeneBremm 2 years ago
I am not a Reagonomist, don't even know what that means........is it in the Dictionary? I follow the Austrian ecconomic priciples.
Mr. GoldeneBremm, Do you realize we, as a country are broke. Our government, and individuals are BROKE. When people are broke, they have to stop spending, plain and simple. Sir, take some time to answer the Q below.
one million seconds is 31 days
one billion seconds is 3100 days
How many days is one TRILLION seconds?
RomanTerrell 2 years ago
mistake in the previous post:
1 billion Seconds is 3,100 yrs, not days
1 Trillion Seconds is 31,000 yrs.
Think about that for a sec.
31,000 yrs ago, we were drawing on cave walls, or God had yet to create us.
So... a 1 Trillion $ debt can be accumulated by borrowing $1 every second for 31,000 yrs.
We owe over 15 Trillion dollars.
Think about how much money that is.
Multiply 15 by 31,000 and you get 465,000.
Our current debt = $1/per sec for a period of 465,000 yrs.
RomanTerrell 2 years ago
Do you actually understand Reaganomics, or are you just blindly using that label for people who don't agree with you? I assure you that the majority of people here are Austrian leaning with slight Monetarist tones, which is about as far from Reaganomics as possible. Reaganomics, as envisioned by Art Laffer, relies on the same obsolete Labor Theory of Value that was central to Marxism. That same Art Laffer ridiculed Schiff on CNBC for sounding the alarm before the real estate collapse.
bobjman 2 years ago 2
"Do you actually understand Reaganomics, or are you just blindly using that label for people who don't agree with you?"
As long I am labeled as a Socialist by people who disagree with me I dare to label them.
btw: "The Reagan Counterrevolution" by Peter Schiff, November 7, 2008
"Though in practice much of the Reagan revolution never materialized, at least in theory his basic premise was sound."
P.S. The majority of people of people also think that the earth was created 5000 years ago
GoldeneBremm 2 years ago
You're not going to win many arguments as judged by outside observers when you resort to labeling people, regardless of whether you get labeled yourself.
On Schiff's comment, as Schiff has explained in more detail on many occasions, the rhetoric of Reagan was sound, but in practice he did not live up to the fiscal restraint he preached.
The majority of people in the US also supported Bush and then supported Obama; groupthink will continue to run the country into the ground.
bobjman 2 years ago
"You're not going to win many arguments as judged by outside observers when you resort to labeling people,"
Since it was a direct reply garnished with a smiley I'm willing to accept the verdict.
"The majority of people in the US also supported Bush and .. Obama; groupthink will .. run the country into the ground."
Groupthink and joint ideals made this country the leader of the free world. It won't get out of its misery if its citizens don't act in concert.
GoldeneBremm 2 years ago
Dont mind this jackass. Like a lot of other neo-socialists, they're always denying they are just that...and always, the weird obsession with other people buying TVs...GET OVER IT
banquo60615 2 years ago
Don't even bother with this guy. He has no concept of free economy. Some of his comments will make you laugh and cry at the same time do to the thickness of ignorance.
GoldeneBremm simply doesn't understand how money works.
Mauhadeeb28 2 years ago
"He has no concept of free economy."
'He' hasn't because 'he' thinks a mixed economy is the best way. But since 'he' isn't a Laissez-faire combatant 'he' has to be a Socialist. There is no middle ground or third way possible. No way. A reasonable discussion is for sissies and government is always the problem. Doesn't matter it works for other countries.
GoldeneBremm 2 years ago
I don't see it working for many countries. Plus we don't want to be like every other country. I like living in the largest economy in the world. I like the fact that even our poor have cars and are able to eat. No one ever starves to death in America. We are are a rich nation. The thing that is holding us back IS the government. Say by that, yes, one could say the government is all the problems.
It is hard to have a reasonable discussions when you're talking about unreasonable ideas.
Mauhadeeb28 2 years ago
"No one ever starves to death in America."
Because of a welfare system.
"Say by that, yes, one could say the government is all the problems."
Imagine the alternative.
"It is hard to have a reasonable discussions when you're talking about unreasonable ideas."
You mean the same unreasonable ideas that are reality in Canada and Western Europe? I know you don't want to be like them but that doesn't make it unreasonable.
GoldeneBremm 2 years ago
No one starves in America because a booming economy. The welfare system is not the reason. They don't pay out as much money for food in comparison to charity organizations. So yo r statement:"Because of a welfare system." is false.
I do imagine the alternative, and less government always makes much more sense. More freedom for people to make mistakes, learn from them, and teach others how to avoid those same problems. Governments want to keep you stupid so you have to rely on them.
Mauhadeeb28 2 years ago
Booming economy? Have you looked out of the window recently?
"and less government always makes much more sense"
In the Soviet Union they had way too much government. In the most Third World countries they have way too less government. That was the alternative I was talking about.
Government is neither the problem nor the solution. Now get it going.
GoldeneBremm 2 years ago
Yes a booming economy. We still make more GDP than any other nation. We still have the largest economy(that is if you don't count our debts, brought on by government over spending and taxation.) The government IS the problem and it IS the solution. Problem: too much financial over sight of credit industries by the Federal reserve. Solution: Oust the Federal reserve slowly.
And lease don't tell me the federal reserve is a private organization. Their is more too it than that.
Mauhadeeb28 2 years ago
"The government IS the problem and it IS the solution."
I can agree on that.
"too much financial over sight of credit industries by the Federal reserve."
I heavily disagree on that. Not on FED but on the financial oversight. IMHO it was too less.
"Oust the Federal reserve slowly."
IF you want to have fiat money you need an INDEPENDENT central bank. A (fourth) monetary power if you like.
"private organization."
If central banks earnings aren't privatized. No problem with that.
GoldeneBremm 2 years ago
The reason that it got this way was by allowing the FED to set it's interests rates too low allowing people to get loans they had no chance in hell to pay them back. The banks wouldn't have been able to give those loans if the FED didn't 'loan' them the money. That is what I meant by "too much financial over sight of credit industries by the Federal reserve".... I should have worded that better.
Mauhadeeb28 2 years ago
I don't believe in a federalized banking system. Our government keeps getting in the way of profit and that is a huge problem. The market can control itself....Yes, there will be some people at times who lose a lot from bad investments, but they should suffer the consequences of their actions. That is what life is all about: living, learning and growing. If we continue to protect people from themselves we are denying them the satisfaction of a whole life. We must let people live there lives.
Mauhadeeb28 2 years ago
The problem with third world countries isn't too much government, it is too little law enforcement.
Laws are useless unless someone is enforcing them fairly. Also, it doesn't matter how much or how little government you have if it is run by evil people.
So now you are saying the government isn't the solution? What is the answer then, my friend?
Mauhadeeb28 2 years ago
"So now you are saying the government isn't the solution? What is the answer then, my friend?"
1. Unlike others I don't have the philosopher's stone.
2. The government is what THE PEOPLE makes of it. This democracy thingy ;-)
3. There are things only the government can provide proper. Public schools, infrastructure, etc.
4. There are businesses the government can't provide. Industry, small services, etc
5. There are businesses the government has to regulate. (natural) monopolies, finance
GoldeneBremm 2 years ago
But isn't the reason to control a monopoly to stop a corporation from being stronger than the government? Didn't people buy the goods and services this 'monopoly' offered to the point that it benefited them enough to let it get so large?
That is the difference between corporations and government. Corporations have to follow the law the government makes but the government will change the law accordingly to benefit itself regardless of the ramifications to the people.
Mauhadeeb28 2 years ago 3
"isn't the reason to control a monopoly to stop a corporation from being stronger than the government?"
That's one of many reasons.
"Didn't people buy .. this 'monopoly' offered .. that it benefited them enough to let it get so large?"
Yes they did. Unless we talking about a natural monopoly. In that case the monopoly was the inevitable consequence of the business. In other businesses a monopoly is highly unlikely. And then the government has to watch that it isn't abuse its market dominance.
GoldeneBremm 2 years ago
"but the government will change the law accordingly to benefit itself regardless of the ramifications to the people."
As long it is in a democracy it's rather "will change the law accordingly to benefit its voters regardless of the ramifications to rest of the people". And that's OK as long one doesn't forget completely about the others. Every change has winners and losers. Let's be your contributors the winners.
GoldeneBremm 2 years ago
The interest paid on ANY debt is a promise by the debtor to pay the creditor. In the event of insolvency, payment is not guaranteed.
bobjman 2 years ago
LOL , let the govt start the saving and we will wait for the trickle down effect :P
get into them Peter , good onya mate .
batman75757 2 years ago 3
How anyone can disagree with Peter Schiff's very reason-able assessment of the present economic climate is beyond me.
Peter talks so much sense.
Happinessandlove1 2 years ago 9
send this vid to everyone you can. encourage them to do the same.
misternormL 2 years ago
imo, it's time to end up with representative governs everywhere! Representative is outdated! We could now, with the blink of an eye, turn our govern into something completely new~, where EVERYONE can actually see and vote any law/bill! All that is needed is a facebook like platform with access trough social security number (wich is already created) where all projects are posted for EVERYONE to read, comment and VOTE!
MrZEPOVINHO 2 years ago
thats democracy. that would be mob rule. with mob rule the majority could vote to outlaw red heads. you need to have something like a constitution that guarantees everyone rights. so the majority cant do crazy things to the minority.
michaelpshipley1 2 years ago
Good stuff
DACM4N 2 years ago
way to go peter!
harpermd 2 years ago
"Stop the spending!" Schiff for senate 2010!!
Sentinel4truth 2 years ago