Peter Schiff on cash for clunkers

[NicosMind]

But Peter havent you heard of magic keynesian economics that allows nations to borrow their way out of debt and spend their way into profitability? Oh wait lol. That shits nonsense my bad :S

[aviomaster]

- UN Iraq numbers since 2003 over 1.4 million Iraqis killed and over 6 million Iraqis left Iraq and are not returning.

Tell me about Genocide in KOSOVO. WHY USA bombed Serbia 1999 for 78 days.

CCCP should have destroyed USA in 1988 bigest tragedy for humanity of the 20th century

[aviomaster]

Evil empire collapse in 1989 .... CCCP

and we all thought the world will be happy place at least that is what USA goverment run media has been repeating for 10 years after collapse of CCCP .

Now One evil empire exchanged with another -- Now USA is evil EMPIRE ...

[CGArtSuccess]

Hey Peter, can you run for office in California too, we need help here!

[MrHarry46]

on a reality scale 1 - 100(of things that really matter)

cash for clunkers rates a strong 3

just another sign of an mindless amoral government

[FreeTheNation]

Here is where we disagree. Cash for Clunkers is part of a philosophy that is causing a CURRENCY COLLAPSE in America. If we do not do something soon, we will see mass suffering on a scale never before seen in this country. It is an EXAMPLE of government that is out of control. This example is easier for the Average American to understand.....In the sense that our government is 100% COMPLETELY out of control. That things are so whacked out that we need to start from scrap.

[MrHarry46]

(and I didnt even MENTION Korea!!)

[MrHarry46]

USA has killed MILLIONS over the last 5 decades trying to build/maintain its commodity empire

vietnam(rubber, textiles)<---usa killed 3 million in that country alone!

central/south america(coffee,oil,bananas)<--­--no direct body count but USA backs numerous bloody dictators there

Iraq(oil)<---727,000 killed to date

afghanistan(natural gas)<---18,000 killed,and counting

with china's power rising and americas on the decline, people worldwide are begining to say

Good riddance to USA!!

[FreeTheNation]

I agree with you in principle. I am hesitant to leave the numbers up on the channel. What are your sources?

[MrHarry46]

the Roman Empire collapsed because Rome could no longer afford to maintain/defend it

the Russian Empire collapsed in the because moscow could no longer afford to maintain/defend it

the American Empire will fall because americans can no longer afford to maintain/defend it

every empire in the history of EARTH has collapsed because the principal nation/state that started the empire COULD NOT AFFORD TO MAINTAIN IT

plus, people just get tired of the big bully/empire pushing everyone around

[FreeTheNation]

WELL STATED AGAIN!!!!!!!!

[MrHarry46]

FreeTheNation:

you did ALL THAT typing and forgot to even REMOTELY mention the TRILLIONS of US taxpayer dollars that have gone overseas to prop up violent,bloody and repressive foriegn governments

(The Global American Commodity EMPIRE...its "sell us your crude oil buddy or we will WASTE YOUR ENTIRE COUNTRY!!")

USA spends ALOT of money on that sleek new military it has

I bet the average american doesnt have the slightest clue how many billions of his/her dollars go toward that end each year

[FreeTheNation]

VERY WELL STATED Mr. Harry.

The United States has NO business maintaining a military empire across the globe. We have plenty of oil here, at home.

[MrHarry46]

Nixons venture into china.........turned into THIS

[FreeTheNation]

The founders studied all forms of economic systems and gave us a free market system. The free market system was destroyed during the 20th century, starting with the 16th Amendment, the Federal Reserve Act, Social Security Act (billed as a public option), Medicare, Medicaid, Department of Education, Most Labor Laws, the FHA, Fannie Mae, Freddie Mac, Community Reinvestment Act, HUD, Welfare, Public Housing.....

It destroyed the free market and now we are suffering the consequences.

[MrHarry46]

its PURE GREED

PURE AND SIMPLE

american (babyboomer) billionaires LOVE SLAVE LABOR IN CHINA

but...since they are so baby, and SO boomer, and so VERY VERY greedy/needy/amoral, cant see past their own lifetimes

[FreeTheNation]

What you call GREED, Adam Smith would refer to as an individual keeping his own best interest at heart. A society of people working in their own best interests will always do better than a COLLECTIVIST society that has a few GRAND MASTERS deciding what is best. This is the reason why so many millions flocked to America. It is the loss of this principle that will cause millions to leave America and the collapse of our economy.

[MrHarry46]

what could be more "simpler" than chinese workers making, (literaly, minimum 40 hrs week (overtime is not a "word" in china) straight pay every hour worked) about 50 US dollars a week vs US worker making (minimum wage@ 40 hr week @ 7.00hr avg) 280 US dollars per week (absolute minimum, in most states)

most auto workers (GM Ford Chrysler)have a total wage/ benefits package of near 75 US dollars an hour/3000 week minimum

why in the world would anyone want to send jobs overseas?(OUT of usa?)

[FreeTheNation]

What you neglected to say is how WEAK the US dollar is compared to the Chinese Yuan. That's why THEY lend US money and WE can not even SURVIVE without them. This is the effects of the long term damage done by the Federal Reserve Act, the Income tax act, ALL the labor acts, and a virtually ignorant public. This is the result of trying to control the free market. It doesn't work, can't work, will never work. That's why the founders tried so hard to make these things IMPOSSIBLE to happen

[MrHarry46]

what the short-sighted neo-nutcase baby-boomer generation/s cant understand is ....once you ship ALL manufacturing jobs overseas...whos going to be able to buy anything here with NO JOB and NO MONEY???

think that statement ALL the way through before you type something silly

again....amoral americans trying to make trillions over night and SHOOTING THEIR OWN COUNTRY,not in the foot but in _ _ _ (three letter word..comes after JACK)

[FreeTheNation]

If the US wants to be competitive, we have many things we need to change. It simply has become too expensive to do business in the US. The Free Market will always find a way. The things that must change are:

Labor laws - Most labor laws are unconstitutional

Taxation - We are the highest in the world

Regulation - We are MASSIVELY over regulated.

Bailouts - The weak need to fail and the strong need to survive.

Social Security/Medicare - Needs to be abolished. Illegal theft of money.

[MrHarry46]

erushbass: first of all, punching me in the face isnt a good idea. I will have 35 SMACKS to your little girly mouth before you can even blink

2nd, the only pathetic ignorant appalling braindead reject here is YOU

US corporations have been moving to china for decades now, why?

NO ENVIRONMENTAL RESTRICTIONS

$.50 (slave) LABOR RATES

CHINA IS NOW A TOXIC WASTELAND

3rd, if you think the EPA isnt paid off or "lax" when it "wants" to be then maybe you spend too much time in LA LA land

[FreeTheNation]

Guys: Please keep the debate on an intellectual level and support your opinion with fact and sound reason. The EPA is necessary to enforce the laws. However, they have grown into a big brother type agency who violate the constitution daily and have virtually no limit on their powers. The VAST MAJORITY of corporations are run by decent, honest people. The explanation about corps leaving the US is over simplified, at best

[erushbass]

Mr Harry, you are 'literally' talking rubbish.

As free the nation has allready pointed out, protection of the envioroment is nothing to do with the free market, it would fall under governments duty to protect life, liberty, or property.

Yes, it would be cheaper to dump stuff in a river, but if you tried to sell me something, it would be cheaper for me to punch you in the face and take it.

Your assesment of free markets make me pity you, your ignorance is appalling.

[FreeTheNation]

You are speaking of law enforcement. The EPA is way out of line....although I'm in favor of conservation and a clean environment. Too much government power exists. This doesn't have anything to do with cash for clunkers, though.

[MrHarry46]

kotash2...what drugs r u takin?

free market means throwing trash in the river (its WAY cheaper)instead of a landfill or incinerator or recycling

deliberatly dumping/spilling toxic waste anywhere you feel like it (Texaco/Chevron in Brazil) dumping heavy metals in streams (GM in Mexico,Ford in China)

free market means fucking anything or anyone you can over while youre alive on this planet then dieing, like a cheap, simple, amoral chimp...and letting someone else clean up the mess

[FreeTheNation]

@MrHarry46 -

I had to remove your comment due to lack of factual accuracy. It is the government's job to protect private and public property rights. Intentionally damaging either private property or public property is an illegal, destructive act and not a function of the free market. The acts you mentioned are no more part of the Free Market than a Rapist, Murderer Thief or Vandal. These types of infringements are quite different than the debate being held regaring Carbon Dioxide

[jmelkis]

Peter Schiff is awesome!

[MOPEDBRAD]

Perter Schiff is a prodigy.

Word.

[toppermost1]

Great speech. The government are doing the same thing in the UK. 'Cash for bangers' as they call it over here was supposedly to protect jobs and industry. I say it's too late now. Labour should have thought about protecting jobs and industry over the past 10 years instead of going on a spending spree, taxing manufacturing and freight handling into the ground and selling everything off to the Germans and the Chinese!

[ronheri]

I'm in my mid-sixties and can remember when you had to have a down payment and proof of a job before you could purchase a big ticket item; before the credit card scam. I remember when we had a legitimate government...50 years ago. My prayers go out to the younger generation. I hope you can take this country back from the criminal bankers.

[ronheri]

Peter took the words right out of my mouth. Destroy good running cars to go in debt. Heck I drove clunkers most of my life, to stay out of debt; bought a house in 69 for 10,000.00 to stay within my means. Now the tear down good houses and cars and now refrigerators. We'll get back to basics as we go through this massive Depression!

[PoliticsAddict]

the cash for clunkers programs was a green project basically. to eliminate the old clunkers with old emissions standards. replace them with newer efficient cars. to help save the enviornment.

[kotash2]

The free market will protect the environment. SCarcity of resources will drive up prices & force the market to find newer better less polluting ways to do things. Gov cannot solve these problems.

[FreeTheNation]

Dear PoliticsAddict, if you are supporting the idea based on the "Green" concept then I must straighten you out.

1. This requires us to believe that the THEORY that CO2 damages the environment is a FACT and not a THEORY

2. The differential amount of CO2 between a clunker and a new car is so minute that it would take millions of years to make any difference, ASSUMING that CO2 does damage anything.

3. MORE CO2 is created in building the new cars to replace the old ones.

to be continued......

[PoliticsAddict]

all i was saying was the motive for the clash for clunkers program was so that the liberal dems could sleep better at night, knowing they were destroying the old cars with outdated emissions standards. i didn't say it was a good idea. i was letting people know the reason for the program. way to freak out. paranoid.

[FreeTheNation]

i got ya.  good point.

[FreeTheNation]

4. more CO2 is created in transporting, destroying and processing the clunkers.

5. People who were going to buy new cars ANYWAY just waited for the program.

6. WE HAVE NO MONEY

7. POOR people drive clunkers because THEY CAN'T AFFORD A CAR PAYMENT. Now they have even more debt.

8. THE US GOVERNMENT IS BANKRUPT.

WHEN GOVERNMENTS GO BANKRUPT, BAD THINGS HAPPEN TO THE ENVIRONMENT.

I hope you were being sarcastic and didn't really mean what you said.

[86MATTEF]

I envy you Americans because you have at least a few people who stand up for you and your country, but I think in the end one Peter Schiff or one Ron Paul won`t be enough. But maybe I`m wrong, I really hope so.

[gigiontube]

It was one Hitler who destroyed so much.

Lets hope that one Peter Schiff, supported by many will be able to turn things around for us, for the better.

God help us all!

[FreeTheNation]

Thanks Gigi.

Let's also not forget that Obama was pretty much an unknown name only a few years ago. Let's also remember that it took us DECADES to get into this mess and it's going to take some time to fix it. If we all pitch in and patiently help our friends get educated, we can have a majority. Most Americans are simply not aware of what is happening. Once they find out the facts, most are not happy with the status quo. Thanks for watching

[NoisemakerArrow]

Let's also not forget that Obama got where he was because the NWO wanted him to be president. That's why he could be a virtual unknown and suddenly become the front runner, with the media kissing his ass 24/7. Who funded Obama? Who gave him the media?

Schiff will never win a significant office for the same reasons that Ron Paul will never win a significant office: they threaten the entrenched power structure of the Khazari bankers.

[FreeTheNation]

Peter Schiff is successful, has his own money and backs Ron Paul. He is the kind of guy that can't be bribed, can't be bought, can't be threatened and can't be influenced to "make a deal."

[gigiontube]

He should become the next president.

Hope the present one [Obama] won't completely ruin this country before he gets out of office.

[NoisemakerArrow]

Everyone can be bribed and threatened. People who don't make a deal get depressed.

[ROTTIWORLD]

for your sake,i hope your right.

[ROTTIWORLD]

only problem is he won't be(a guy like this)if he gets into the senate.

[999Atwood]

Sigh.....So much stupidity, so few men like Peter. I think maybe we are doomed.

[FreeTheNation]

Don't give up hope. We have waited for decades to get a guy like this in the Senate. It's a start!!