@DOHC2L you missunderstand. Injecting money alone will of course cause inflation. However, if you inject money into say, building infrastructure, then you basically create potential for growth (the infrastructure can handle it). At the same time, you increase taxes, which would reduce the inflationary impact of the injected money, but only after it has gone through the multiplier effect (basic economics). In theory, this would work...
But let the economists argue in circles, thats much better!
@ytgv3fc7, government speding is good. For example, the Australian goverment spent and its done a lot better in terms of the recession than other countries. Other governments have failed at this because 1) they have done nothing to get rid of the negative expectations, which plays a huge role in economics, and 2) they spend it on irrelevant areas, instead of infrastructure..
@bjarnet3 China saved their way to prosperity??? Are you an idiot? The only reason China is doing as well as it is stems from their slave labor force, minimal health & safety regulations in the work place, over crowded housing and restrictions on travel & transit. People for the most part work, eat, sleep & die within 100 miles of where they live.... for $5 a day. Does that sound like prosperity to you?
@riffgrinder Have you been to China lately,,, Since they privatized their markets in the 70's,, all parts of China has become more and more wealthy... Chinese citizens save on average 30% of their income,, if you are poor you do not save 30% of your income...
Americans in the other hand save 3.2% on average... But it didn't use to be like that,, 100 years ago Americans was the number 1 saver in the world... They lent out money to everybody...
Looks like Ireland is gonna bailout their banks, following the trend of the US, by printing money out of thin air and leaving the taxpayers with a weaker currency. Monkey see, monkey do?
This is what happens when interest rates are set arbitrarily by central banks rather than by market forces. Asset bubbles form which are labeled "growth" untill they 're revealed as the mistakes that they are, then the bust occurs.
The contageon they should be worried about is the idea that anyone can lend money to a government and expect with 100% certainty that they'll be paid back in full.
Hello Peter, what always strikes me again is when somebody asks, why is it better to default rather than borrow more money. The blindness of all the authorities is gonna end only by a massive crash of the entire system. Sure, it will take time, because the size of the ship is enormous, but the trend is absolutely clear. Thank you for telling it like it is.
hey, anyone interested at looking at the Fed Balance Sheet, that has never seen it before, can click my username and check it out in a pausable video i have uploaded. The most interesting point I see on the balace sheet was the Trillion dollars of bad mortgages with a footnote that these are valued at the remaining principal owed rather than marked to market value. That means the loss could be huge on the assett side leaving assett / liabilities unbalanced to the liabilities side. Not good !
@bonehardaggin Nothing happened to me. I just decided to take a break from posting Peters videos since he was focused on his campaign and was basically denied exposure on tv during his campaign by the Mainstream media anyway.
@PhilDeCarolis Now Peter is allowed on tv by the MSM because he no longer has the potential to be the fly in the ointment of the elites as a Constitutional Conservative Senator from Connecticut.
Do not fear your own demise! You are all eternal souls on a planet that is going through a big change, and the powers that be know this..and wanna "keep" ya ;)
You never "Die" you live forever, don't let what's about to take place within the next 24 months distract you. The time IS at hand!
The first 30 seconds or so , of this video, look just like CATTLE being herded and rounded up for slaughter (arrest, detainment, FINED). HUMAN CATTLE that is.
Humanity has fallen so far. Is there any way for us to put humpty dumpty back together again? We all know the tale, don't depend on "all the kings horses & all the kings men." They were unsuccessful.
@Seano71 bailouts do make all the money flee the country - it's all invested in other nations, mostly in Asia, and in carry trades, and the endless black hole of new debt (old debt they lied about) is now the lever the monkey pushes in the lab to get another pellet of cocaine. Seriously, this is like pushing bad rock on children and calling it a cure for every disease mankind can face. Bailouts are evil and slavery
Much like the 2 sides of politics, we have 2 sides to economics- Keynesians and Neo-Classicals.
According to theory, quantative easing should work as long as interest rates dont hit 0. However, like politics, both sides of economics say the others is wrong. This is the worst thing, because much of economics is dependent on expectations. If we expect failure, we kinda get it >.>.
I think the fastest way out is increase government spending and taxes at the same time, but its political suicide.
@theshaddo9 increasing government spending has no purpose at this time - governments have already been very bad at their spending. This may not last but currently whose in government in many nations is a club of losers that can't do math, can't tell the truth and can't do what they're told by the voters. UK, Canada, USA, Greece, you name it, we the people are being screwed by the rulers in power. Do not make them spend more. Do not.
@ytgv3fc7 incorrect. According to keynesian economics, there is a need to increase government spending in PRODUCTIVE areas, such as infrastructure, because this will help increase aggregate demand (see the YE model, ADAS model, or the Mundel Flemming Model- specifically the blanchard-sheen interpretation)
The purpose of the government is to help keep growth sustainable, they stretch it out when things are going up to control inflation, and need to inject money in when things are going slow.
@theshaddo9 No, the purpose of government is to ensure property rights and national defense not to impose social programs. You may be arguing about economics but you are not arguing as an economist.
Economists argue the consumers perspective, or the producers, or the workers... arguing the economists perspective is allowable for political theory which is what you've done. And that political theory you argue is socialism.
Lastly, "to control inflation... inject money" is absurd & inflationary.
@DOHC2L "And that political theory you argue is socialism." But not any kind of socialism, one very specific kind - the kind where a centralized system is assumed to be more reliable than a decentralized market system (which has proven to fail frequently even in nature in the market of energy efficiency for survival and offspring for the next generation to proceed). Centralization in all forms is a failure. Invites failure. Encourages it.
@DOHC2L Markets work poorly for many things BUT are very ideal for this recovery type of situation. Those with money/resources must move them to where there are too few but it must not be enslavement or robbery and it must be clever. Those who are not yet broke will be clever, careful, to choose for their own benefit, ensuring little or no waste. It won't keep us stable from a non-disaster prior-condition but it WILL spur a real recovery from a disaster-condition.
@theshaddo9 interesting modifier to the argument - intention rather than actual facts on the ground. So be it - that if productive investment did happen from stimulus spending that leverages us forward to better stability, that would be great, but it isn't happening and this failure looks to be repeating until we're all broke. The desperation of some and resourcefulness of others shows me that market investment for recovery is the more on-target system that will work
@theshaddo9 and believe me, I do not trust market mechanisms at all, no "free markets" for me for they are often filled with fraud. But in desperation people don't have time for fraud, it's the fraud that leads the system TO desperation, so for a real recovery, those with resources remaining will allocate them very carefully (investing, employing, saving) and those without resources will do their best to trade work for the allocations of the the careful.
@theshaddo9 it won't sustain the entire economy for a long time but it will boost a recovery with high durability so we can figure out the next thing to do.
Government should not try for sustainable growth - this fiction must be dismissed by our species. Growth is NOT SUSTAINABLE at ANY TIME. to control inflation is to REMOVE IT FOREVER - no printing money. Net inflation MUST ALWAYS BE ZERO. Slight fluctuations on small time-scales are fine.
Of course Peter is right,, he has been right every-time in the past, "in precise detail", laying it out like he's some god or something, even better than Nostradamus... Just look back and see for yourself...
@bjarnet3 it's not the work of god. Lloyd Blankfein, aka minion of Sauron, says he's doing "god's work". Peter Schiff is simply applying mathematical principles. On a few fine details he's morally wrong about removing min-wage / regulations but over-all, his plans are about 10000x times better than how things are now and a switch-over to his suggested tactics would save a ton of money and jobs very quickly
@bjarnet3 I disagree that socialism must be centralized or must be Keynesian.
I also disagree, fundamentally, that liberty can exist under capitalism.
A market mechanism is not a bad thing in and of itself but like DNA and RNA are critical to life, without an immune system (hunt/kill fraud) any other RNA from anywhere can hijack any life-form it touches and rob it,ruin it, replicate/conquer without obstruction. Free markets invite abuse, victims and fraud by default.
Finally, humanity is waking up! The wave of conscious awareness is growing into a tsunami that is going to crash onto the heads of the controlling elite. Do EVERYTHING to spread this message.
Thing is, everyone needs to let go of the fear too. It will be used against you. Resist it by simply ignoring it, not by countering violence and oppression with more violence.
This is the "test". There's a reason we are asked to love our enemies and forgive those that persecute us. But there are so many who are fearful against the "NWO" concept that they will let their emotions get the better of them.
@MaffyMoose people who love their enemies get shot and buried in secret, then they lose forever. That's the worst of the worst plans besides begging for your slavery to get more slave-y because you don't feel enslaved enough.
@ytgv3fc7 I would have to dis-agree with you here. no-one "looses". You say forever..do you know what forever is?
Forever means eternal, which is what you are, your soul that is. You are immersed in the "game" we call life. all these things that are "shitty" you see and hear around you are tools for you to learn from, not to be afraid of.
@MaffyMoose Losing: loss of life, loss of health, loss of freedom. Lots of people lose.
Forever, eternal, soul - I do not agree. I know this game of life is totality - there is nothing more. Fear IS a learning tool. That's why all living things have an expression of it - move, combat, poison, camouflage, digest, bite, fly, evade. It is a critical part of life, not just "a game" but supremely important.
Avoiding fear is avoiding life = refusing to be alive or understand anything.
@MaffyMoose so is life eternal? No, life is not, the world is not, the sun is not. Perhaps you could say space is eternal. Some calculations & theories show it will not be in the end.
The chemical vessel is the absolute full entirely of life, I can assure you of that. It doesn't "perish" either - the energy & matter are moved around but not destroyed. The configuration that is MY life is lost, of course. Far as I'm concerned the "soul" is pure fiction.
@MaffyMoose fear is also not a thing to be shunned: fear is SMART. Fear is what makes living things survive. Children with no fear will walk into open traffic. And get killed badly. So those without fear are those we must never follow or listen to. Never.
@ytgv3fc7 Well, you clearly have a lot to say about many things(which is fine) but fear is a very real part of life. I never said it should be ignored or shuned. But a lesson to be learnt is to be able to NOT be in fear. Fear controls, not guides..
Those without fear? There is no such thing. Those who do not fear control them? now ya talking! ;)
How many times does Peter have to be proved right? Jesus, would all the talking heads and opposing economists just accept that he is always right already?
@hypnyxx Peter was wrong on the US dollar's earlier time-line for demise. He underestimated the sheeple-power of many nations and populaces to return to US dollars and everyone seems to forget that if you hate US dollars but you hold anything in a US market you MUST take US dollars to sell out and escape so this changes the stats to say you like US dollars. Same for buying gold: you have to buy US dollars to buy gold very often in the world, even if you want NO US dollars or paper at all
@ytgv3fc7 The reason fear can control is all the bad things we see and hear will essentially lead to the same destination...death. We all "die", it's the people in fear who buy into the "NWO" & "reptilians" & martial law etc.
The ones who will do anything to survive..ANYHTING. These are the ones who are mis-guided. They are distracted from the real purpose of them each(soul) being here. Life is a very convincing "game", but a "game" is all it is.
UK politicans are a bunch of idiots. Every student that breaks the law during the protest should be kicked out of school=> there are your budget cuts.
I know someone who is collecting social security from Ireland becase she worked there for 5 years over 50 years ago there...she's getting 1200 a month...
This has all been planned. This will occur in the U.S. along with all other countries that have bail outs going on within them. This is the calm before the storm. Bankruptcies and foreclosures on a huge scale are coming down the pipes. But it's all planned...planned you say?
Yeah planned..so the general populace hits "Rock bottom" and will accept the coming changes to "save" us all...you watch and see!
@MaffyMoose So true. People don't SEE. My comment about the people in the first 30 or so seconds of this video looking like cattle being herded for slaughter is a perfect example of what is happening worldwide. It is all planned by a perfect design. The people of the planet will be left so destitute by the global elite, they/we will accept anything they offer. Of course, it will not be in our best interest, not in the least. More pain, agony, and despair. DEPOPULATION!
@hausofjo315 over-population from current levels is more damaging than de-population. De-population is not a choice. A staunch and arrogant belief it can be defied is actually the one thing you can count on to FORCE de-population to happen ALL BY ITSELF. Just like you can't shove 50 dogs into a box and make them live in it you can't shove 9 billion, 13 billion, 20 billion people onto this planet. The required food, water and work-space for jobs does not exist, CAN NOT EXIST.
@ytgv3fc7 totally agree ,During live aid in the 80s the population of Etheopia was40 million it has doubled in 20 years to nearly 80 million, result sdisaster!
@SCOTLANDSSHAMEHOLLIE ouch, that's a lot of people. If only we as humans would proper account for the real resources that are proven and properly account for the number of people that can live off that. Then we'd be fine. No more inflation and deflation cycles, no more foolish over-consumption and savings would be adequate, in any money-form we have and inventories without being over-kill. Just imagine if China doubled its population from today. Game over.
@ytgv3fc7 So you're arguing that a lack of accounting at a national or global level is what leads to economic recession and supply shocks and such?
But how can there be a lack of accounting in a capitalist society?
What you're really arguing is that government should regulate economic production because you suggest (implicitly) a communist state (you are arguing communism) is more productive and efficient than capitalism. That is a false belief as proven by everything in its evil history.
@DOHC2L the lack of accounting is what leads to disaster, recession is just one brand of disaster. Profiteering is a fudging of the books and quotes so know one has any idea the real cost in real tangible things like ergs/joules or barrels of oil or MW of electricity or man-power. Prices are distortions, ruining all accounting because they are by definition fluid and subjective in a capitalist society.
Capitalism IS the mistake.
What I'm arguing is machines should, without human permission, tell
@DOHC2L tell every person that needs any resource just how many there really are anywhere, so we can all trade fairly between our own production & inventories and prices should cease to exist. Gold itself is a commodity, another item of inventory, so rather than pricing it would be another trade, weight of gold vs weight of wheat for account-holding of real goods and no debts. Flat trade. No profit. No government. I argue AGAINST all communism NEVER FOR IT.
@DOHC2L what I argue for is that we put together our existing tools, networks and algorithms, and build the open-source machines we need that dictate from multiple sources in no uncertain terms the reliable accounting of inventories and costs of transport - measuring, not guessing or allocating - so we can all make any decision we like with the assurance fraud has been weeded out on a constant, adaptive basis. An IMMUNE system for an otherwise sick organism that badly needs one.
We already already have a system that is used for cost accounting. It's the price system...
Profit simply shows people what customers value. The higher the profit, the more people go into it (assuming no interferences with supply, no government privileges that institute monopolies, etc). The more people go into an industry, the lower the profit, if all else being equal. Money simply facilitates trade. It allows people to have a common unit of account
@stealthswimmer We have no such system - the price system is designed to create maximum error in accounting inventory. That's why it exists instead of actually accounting inventory. The price system is a nasty thing designed to cause theft and inefficiency. That's WHY it has to go.
@stealthswimmer Profit shows nothing of value to anyone at any time.
Profit is a way to steal from people.
It is a completely secret system of lying about what the real value of something is.
If I said "I want a gain of 8% over cost" and you paid me that price, that would be transparent. This does not happen. Ever.
If I said "I have 10 bushels of apples and I will trade with you so long as you return to me, by x date, 15 bushels of apples" then we can openly agree. This never happens. Ever.
@stealthswimmer Common units of account are a mistake: we need ACCURATE units of account and they are NOT COMMON.
Every trade, every transaction, is different.
Every report, properly made and instantly made using machines, of real inventory and real input costs, shows people the real cost so we know what we're dealing with.
Pricing mechanisms fail at all times to show any of this.
@stealthswimmer Pricing mechanisms ADDITIONALLY fail by allowing one price to account for multiple transactions whereby one is too low and the other is too high because differing prices are required to maintain inventory balances.
"if all else being equal" -> that is the problem. We know for a fact now that all else is not equal, not now or ever. The higher the profit, the higher the losses for those who purchase anything and this kills personal savings and the economy.
@stealthswimmer so in the future if we are to have any kind of economic stability the concept of profit must be removed forever. If it is not we can never have stability, we will always have massive poverty and wars FROM that poverty, mostly civil wars and class wars. The pricing mechanism itself, with any kind of non-inventory good that is not usable (paper money) must cease to exist. Gold and silver are real goods in the real world so like apples, steel, tin, are inventory units of account
I think most wars are started because of the state, not because of class conflict (at least not economic class, but rather power classes, if some have the monopoly on the use of force then they will be tempted to use that to start wars). As for money, it simply helps people trade, and a money developed voluntarily in the market is thus qualitatively different from today's paper money (though a natural money can lead to paper money). And profit just helps people know what to make.
@stealthswimmer well, you are wrong. Most wars start because of money ratios, stealing, and state-to-state wars started by governments are a small fraction of these incidents of a larger category. It's not a monopoly of force, it's a monopoly of ALL resources - food, water, guns, medicine. Profit helps NO one know what to make - not today, not for one second in history and not in the future. It's a price distortion, a lie stacked on other lies. COST is the real indicator, NEVER PROFIT
@stealthswimmer the key is NOT to maximize profits - for this is always fraud, theft, cheating, war - the key is to minimize costs - this is to find efficiency and to avoid wasteful mistakes. These are entirely different mechanisms as one is very dishonest (profit) and the other is inherently useful (cost-reduction). Many people are too stupid and greedy to reduce costs and so increase revenue (profit+) and mostly by theft (transfer without consent, knowledge, using force, of wealth)
@DOHC2L capitalism is a disease. Communism is a denial of reality. Accurate and constant measurement and reporting, open-source design and constant human understanding and observation, means that our machines - which with not much more effort can simply be made a part of our bodies not long from now - is an immune system preventing hijacking of the commerce transit-system we call an economy. Capitalism is the maximal-fraud version OF an economy and MUST GO.
@surrealnumber no what i meant was that those stupid kids in those news dont know shit.. i mean i am the same age but i should need working on their news and they shouldnt either lol
Two articles agreeing with Peter. Sorry, I am unable to post the links for some reason but you can find them on my Twitter & FaceBook accounts:
UK GUARDIAN - Ireland Should 'Do An Argentina' (The Irish people expected to pay in austerity cuts for their banks' sins have another option. Reject the ECB and IMF, ditch the euro)
UK GUARDIAN - Don't Bail Out Ireland, Free It (Our billions will prolong the misery. Better for the Irish to quit the euro and default on their debts)
@oxygen111uk That's the opposite of how it works - without lending being used to drive government spending, jobs would be UP not down because people would get taxed less and have more opportunities. It can take time. Governments can't just tax more to make up for debts no one will lend them because that leads to secret executions of politicians by everyone nearby. Gov't spending down, taxes down, savings UP, income UP, productivity UP, jobs INCREASE. That's how it works
@ytgv3fc7 thats a very American perspective, the EU is slightly more socialist and doesn't work like that. Socialism doesn't equal communism as it does in America, when Obama reformed healthcare in the US most Europeans were pleased.
@oxygen111uk people get taxed less(?) but due to inflation being much higher they are in real terms far far worse off, look at Argentina when it defaulted. When did you hear of taxes going down by the way? I assume government spending will be down and it will be painful. Jobs will not increase, unemployment will go up, sorry but this video is wrong IMHO.
@oxygen111uk Why should you be pleased? Look at all the problems the EU countries are in... all because of socialist policies. Government shouldn't set the price of anything because prices need to be flexible to adapt to changing markets and changing demands. What happens when you have a government that controls the mechanism that is by its nature flexible? Well you get chaos because when the prices don't fluctuate to meet demand people have to fluctuate to the demands of government...
@DOHC2L Who is pleased? not me, I have never supported the EU, it will never work but the politicians can not let it fail because they have committed to it.
@oxygen111uk there is only ONE valid purpose to tax a public and it is NOT to fund "spending" like some nebulous voodoo. SERVICES can be provided to tax-payers sometimes (not always) more efficiently than private companies can or will provide. ANY purpose other than this is THEFT by taking tax dollars and should always be punished AS A CRIME.
@ytgv3fc7 yes I agree with you however if a EU member country defaults on its debt then it is the end of them in the EU, that is the point that is missing from the video, they won't default because they would have to leave the EU because other EU countries like Portugal Spain would want to default as well. And then the speculators would make some real money.
@PhilDeCarolis In case anyone doesn't know the Guardien is seen as a 'Left wing' and 'Socialist' paper yet here it is saying the same things as Peter Schiff. Peter wants whats best for the people, which should be the aim of what we think of as socialism, but he is showing that best way to achieve it is free market capitalism. As an Irishman, God Bless Pete Schiff!
WTF!! Back in 2008 when this whole bailout bullshit was being decided the majority of the country said "NO!!" and these guys covered it and now they act like none of that ever happened!! What is wrong with these mainstream media idiots??
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Interesting video - friend and subscribe for day trading, day trader, day trade videos, technical analysis...
DayTradersWin 11 months ago
@DOHC2L you missunderstand. Injecting money alone will of course cause inflation. However, if you inject money into say, building infrastructure, then you basically create potential for growth (the infrastructure can handle it). At the same time, you increase taxes, which would reduce the inflationary impact of the injected money, but only after it has gone through the multiplier effect (basic economics). In theory, this would work...
But let the economists argue in circles, thats much better!
theshaddo9 1 year ago
@ytgv3fc7, government speding is good. For example, the Australian goverment spent and its done a lot better in terms of the recession than other countries. Other governments have failed at this because 1) they have done nothing to get rid of the negative expectations, which plays a huge role in economics, and 2) they spend it on irrelevant areas, instead of infrastructure..
theshaddo9 1 year ago
Bailing out banks - only means throwing honest family's into a meat grinder...thats all...
DamnYourReallyUgly 1 year ago
peter schiff is the man
mattyneckhay102 1 year ago
ytgv3fc7, Are you sure you even know what capitalism is?
Seems like you have no idea whatsoever.
SantaFish123 1 year ago
I really liked this young mans interviewing style. He did a great job interacting with Peter. Hope to see more of him...give him a raise!
tacitus7 1 year ago
Glad to see you're back posting vids, Phil!
NinjaHydra 1 year ago
Great to see you back again Phil!
cashfornothing 1 year ago
What an excellent, excellent explanation, Peter! Excellent!
MrRayRPh 1 year ago
hahahaaaaaaaaaaaaaaaaa
MUAHHAHAAH
peter ownage
TheBlitz1 1 year ago
It's like eating what you should not and getting more unhealthy and saying that you'll work on fixing it later! Wrong! Fail! Doesn't Work!
JackOffVille 1 year ago
United States spent their way to Bankrupsy, China saved their way to Prosperity...
bjarnet3 1 year ago
@bjarnet3 China saved their way to prosperity??? Are you an idiot? The only reason China is doing as well as it is stems from their slave labor force, minimal health & safety regulations in the work place, over crowded housing and restrictions on travel & transit. People for the most part work, eat, sleep & die within 100 miles of where they live.... for $5 a day. Does that sound like prosperity to you?
riffgrinder 1 year ago
@riffgrinder Have you been to China lately,,, Since they privatized their markets in the 70's,, all parts of China has become more and more wealthy... Chinese citizens save on average 30% of their income,, if you are poor you do not save 30% of your income...
Americans in the other hand save 3.2% on average... But it didn't use to be like that,, 100 years ago Americans was the number 1 saver in the world... They lent out money to everybody...
WAKE UP to the reality...
bjarnet3 1 year ago
Looks like Ireland is gonna bailout their banks, following the trend of the US, by printing money out of thin air and leaving the taxpayers with a weaker currency. Monkey see, monkey do?
RustyRanchero 1 year ago
This is what happens when interest rates are set arbitrarily by central banks rather than by market forces. Asset bubbles form which are labeled "growth" untill they 're revealed as the mistakes that they are, then the bust occurs.
The contageon they should be worried about is the idea that anyone can lend money to a government and expect with 100% certainty that they'll be paid back in full.
GaryVolts 1 year ago
watch?v=QHbUxx63UH8
This is a great video!
'Austrian Economist' Peter Schiff Doesn't Know US Is World's Largest Manufacturer!
blankfeinlloyd 1 year ago
Hello Peter, what always strikes me again is when somebody asks, why is it better to default rather than borrow more money. The blindness of all the authorities is gonna end only by a massive crash of the entire system. Sure, it will take time, because the size of the ship is enormous, but the trend is absolutely clear. Thank you for telling it like it is.
ptaczek 1 year ago
Privitize the profits, socialize the losses.
That's pretty much the definition of facism, ain't it?
nakor667 1 year ago
NO BAILOUTS!!!! JUST DON'T PAY THE BANKS BACK!!!! THEY CREATED THE LOANS AND MONEY FROM NOTHING!!!!!
szman167 1 year ago 2
nice to see you back PhilDeCarolis.. hope to see more Peter videos soon :)
cowboy219 1 year ago
"WE are going to destroy the dollar", such a slavespeaker that Peter Schiff.
modelmark 1 year ago
Yes keep posting!
StorminNormin1977 1 year ago
It’s like Peter’s talking to a monkey here.
Like the size of the country or their economy would make a difference. lol
A model airplane and a real airplane fly on the same principals.
phantomcharger 1 year ago
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Stop paying your mortage!
truthsabre7 1 year ago
ok just realized asset is spelled with one T
2237lemon 1 year ago
hey, anyone interested at looking at the Fed Balance Sheet, that has never seen it before, can click my username and check it out in a pausable video i have uploaded. The most interesting point I see on the balace sheet was the Trillion dollars of bad mortgages with a footnote that these are valued at the remaining principal owed rather than marked to market value. That means the loss could be huge on the assett side leaving assett / liabilities unbalanced to the liabilities side. Not good !
2237lemon 1 year ago
if nothing else, it's a simple question of ethics. these bailouts are a crime against the people and justice will be dealt.
Rawego 1 year ago 2
Yeah phil whats up? I was worried something happend to you.
PaulSchiff2012
bonehardaggin 1 year ago 2
@bonehardaggin Nothing happened to me. I just decided to take a break from posting Peters videos since he was focused on his campaign and was basically denied exposure on tv during his campaign by the Mainstream media anyway.
PhilDeCarolis 1 year ago 2
@PhilDeCarolis Now Peter is allowed on tv by the MSM because he no longer has the potential to be the fly in the ointment of the elites as a Constitutional Conservative Senator from Connecticut.
PhilDeCarolis 1 year ago 2
@PhilDeCarolis You are sadly right. This is not the message the MSM wants the public to hear.
jakeyt 1 year ago
PETER ALWAYS SCHOOLING PEOPLE.
D10SdelFutbol 1 year ago 2
Do not fear your own demise! You are all eternal souls on a planet that is going through a big change, and the powers that be know this..and wanna "keep" ya ;)
You never "Die" you live forever, don't let what's about to take place within the next 24 months distract you. The time IS at hand!
I love you all!
MaffyMoose 1 year ago
The first 30 seconds or so , of this video, look just like CATTLE being herded and rounded up for slaughter (arrest, detainment, FINED). HUMAN CATTLE that is.
Humanity has fallen so far. Is there any way for us to put humpty dumpty back together again? We all know the tale, don't depend on "all the kings horses & all the kings men." They were unsuccessful.
hausofjo315 1 year ago
Sounds like Schiff learnt something from the Kilkenomics festival a few weeks back
Seano71 1 year ago
yeh, they should have allowed all the money to flee the country, great idea. It would have caused armageddon
Seano71 1 year ago
@Seano71 bailouts do make all the money flee the country - it's all invested in other nations, mostly in Asia, and in carry trades, and the endless black hole of new debt (old debt they lied about) is now the lever the monkey pushes in the lab to get another pellet of cocaine. Seriously, this is like pushing bad rock on children and calling it a cure for every disease mankind can face. Bailouts are evil and slavery
ytgv3fc7 1 year ago
Exactly!
CheckinGagaiNagain 1 year ago
Much like the 2 sides of politics, we have 2 sides to economics- Keynesians and Neo-Classicals.
According to theory, quantative easing should work as long as interest rates dont hit 0. However, like politics, both sides of economics say the others is wrong. This is the worst thing, because much of economics is dependent on expectations. If we expect failure, we kinda get it >.>.
I think the fastest way out is increase government spending and taxes at the same time, but its political suicide.
theshaddo9 1 year ago
@theshaddo9 increasing government spending has no purpose at this time - governments have already been very bad at their spending. This may not last but currently whose in government in many nations is a club of losers that can't do math, can't tell the truth and can't do what they're told by the voters. UK, Canada, USA, Greece, you name it, we the people are being screwed by the rulers in power. Do not make them spend more. Do not.
ytgv3fc7 1 year ago
@ytgv3fc7 incorrect. According to keynesian economics, there is a need to increase government spending in PRODUCTIVE areas, such as infrastructure, because this will help increase aggregate demand (see the YE model, ADAS model, or the Mundel Flemming Model- specifically the blanchard-sheen interpretation)
The purpose of the government is to help keep growth sustainable, they stretch it out when things are going up to control inflation, and need to inject money in when things are going slow.
theshaddo9 1 year ago
@theshaddo9 No, the purpose of government is to ensure property rights and national defense not to impose social programs. You may be arguing about economics but you are not arguing as an economist.
Economists argue the consumers perspective, or the producers, or the workers... arguing the economists perspective is allowable for political theory which is what you've done. And that political theory you argue is socialism.
Lastly, "to control inflation... inject money" is absurd & inflationary.
DOHC2L 1 year ago
@DOHC2L "And that political theory you argue is socialism." But not any kind of socialism, one very specific kind - the kind where a centralized system is assumed to be more reliable than a decentralized market system (which has proven to fail frequently even in nature in the market of energy efficiency for survival and offspring for the next generation to proceed). Centralization in all forms is a failure. Invites failure. Encourages it.
Markets work poorly for many things BUT are very
ytgv3fc7 1 year ago
@DOHC2L Markets work poorly for many things BUT are very ideal for this recovery type of situation. Those with money/resources must move them to where there are too few but it must not be enslavement or robbery and it must be clever. Those who are not yet broke will be clever, careful, to choose for their own benefit, ensuring little or no waste. It won't keep us stable from a non-disaster prior-condition but it WILL spur a real recovery from a disaster-condition.
ytgv3fc7 1 year ago
@theshaddo9 interesting modifier to the argument - intention rather than actual facts on the ground. So be it - that if productive investment did happen from stimulus spending that leverages us forward to better stability, that would be great, but it isn't happening and this failure looks to be repeating until we're all broke. The desperation of some and resourcefulness of others shows me that market investment for recovery is the more on-target system that will work
ytgv3fc7 1 year ago
@theshaddo9 and believe me, I do not trust market mechanisms at all, no "free markets" for me for they are often filled with fraud. But in desperation people don't have time for fraud, it's the fraud that leads the system TO desperation, so for a real recovery, those with resources remaining will allocate them very carefully (investing, employing, saving) and those without resources will do their best to trade work for the allocations of the the careful.
ytgv3fc7 1 year ago
@theshaddo9 it won't sustain the entire economy for a long time but it will boost a recovery with high durability so we can figure out the next thing to do.
Government should not try for sustainable growth - this fiction must be dismissed by our species. Growth is NOT SUSTAINABLE at ANY TIME. to control inflation is to REMOVE IT FOREVER - no printing money. Net inflation MUST ALWAYS BE ZERO. Slight fluctuations on small time-scales are fine.
ytgv3fc7 1 year ago
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Hendo1974 1 year ago 2
Of course Peter is right,, he has been right every-time in the past, "in precise detail", laying it out like he's some god or something, even better than Nostradamus... Just look back and see for yourself...
bjarnet3 1 year ago 2
@bjarnet3 it's not the work of god. Lloyd Blankfein, aka minion of Sauron, says he's doing "god's work". Peter Schiff is simply applying mathematical principles. On a few fine details he's morally wrong about removing min-wage / regulations but over-all, his plans are about 10000x times better than how things are now and a switch-over to his suggested tactics would save a ton of money and jobs very quickly
ytgv3fc7 1 year ago
@theshaddo9 Neo-Classical is in the middle,, The two sides are
-Keynesian economics (Socialism, central-banking, government intervention, debt, inflation, collectivism and dependencies) VS
-Austrian economics (Free marked, Sound money, Profit AND loss, capitalism, investments, individualism and liberty)
bjarnet3 1 year ago
@bjarnet3 I disagree that socialism must be centralized or must be Keynesian.
I also disagree, fundamentally, that liberty can exist under capitalism.
A market mechanism is not a bad thing in and of itself but like DNA and RNA are critical to life, without an immune system (hunt/kill fraud) any other RNA from anywhere can hijack any life-form it touches and rob it,ruin it, replicate/conquer without obstruction. Free markets invite abuse, victims and fraud by default.
ytgv3fc7 1 year ago
Finally, humanity is waking up! The wave of conscious awareness is growing into a tsunami that is going to crash onto the heads of the controlling elite. Do EVERYTHING to spread this message.
bingbridge 1 year ago
@bingbridge
This is very true!
Thing is, everyone needs to let go of the fear too. It will be used against you. Resist it by simply ignoring it, not by countering violence and oppression with more violence.
This is the "test". There's a reason we are asked to love our enemies and forgive those that persecute us. But there are so many who are fearful against the "NWO" concept that they will let their emotions get the better of them.
MaffyMoose 1 year ago
@MaffyMoose people who love their enemies get shot and buried in secret, then they lose forever. That's the worst of the worst plans besides begging for your slavery to get more slave-y because you don't feel enslaved enough.
ytgv3fc7 1 year ago
@ytgv3fc7 I would have to dis-agree with you here. no-one "looses". You say forever..do you know what forever is?
Forever means eternal, which is what you are, your soul that is. You are immersed in the "game" we call life. all these things that are "shitty" you see and hear around you are tools for you to learn from, not to be afraid of.
MaffyMoose 1 year ago
@MaffyMoose Losing: loss of life, loss of health, loss of freedom. Lots of people lose.
Forever, eternal, soul - I do not agree. I know this game of life is totality - there is nothing more. Fear IS a learning tool. That's why all living things have an expression of it - move, combat, poison, camouflage, digest, bite, fly, evade. It is a critical part of life, not just "a game" but supremely important.
Avoiding fear is avoiding life = refusing to be alive or understand anything.
ytgv3fc7 1 year ago
@ytgv3fc7 "Avoiding fear is avoiding life = refusing to be alive or understand anything."
an interesting statement. One that does not resonate wit me however. So i discard it.
Moving on...
MaffyMoose 1 year ago
@MaffyMoose so is life eternal? No, life is not, the world is not, the sun is not. Perhaps you could say space is eternal. Some calculations & theories show it will not be in the end.
The chemical vessel is the absolute full entirely of life, I can assure you of that. It doesn't "perish" either - the energy & matter are moved around but not destroyed. The configuration that is MY life is lost, of course. Far as I'm concerned the "soul" is pure fiction.
ytgv3fc7 1 year ago
@ytgv3fc7 I wish you well on your journey in finding out why you are really here in this "game"
Your soul is eternal, only your chemical vessel(body) perishes.
Much love to you
MaffyMoose 1 year ago
@MaffyMoose fear is also not a thing to be shunned: fear is SMART. Fear is what makes living things survive. Children with no fear will walk into open traffic. And get killed badly. So those without fear are those we must never follow or listen to. Never.
ytgv3fc7 1 year ago
@ytgv3fc7 Well, you clearly have a lot to say about many things(which is fine) but fear is a very real part of life. I never said it should be ignored or shuned. But a lesson to be learnt is to be able to NOT be in fear. Fear controls, not guides..
Those without fear? There is no such thing. Those who do not fear control them? now ya talking! ;)
MaffyMoose 1 year ago
How many times does Peter have to be proved right? Jesus, would all the talking heads and opposing economists just accept that he is always right already?
dickmojo 1 year ago
So, is Peter right?!?
Damn, her voice is annoying.
Someone should introduce her and Fox news to YouTube so they can find out if Peter is right.
The better question would be when is Peter wrong?
hypnyxx 1 year ago
@hypnyxx Peter was wrong on the US dollar's earlier time-line for demise. He underestimated the sheeple-power of many nations and populaces to return to US dollars and everyone seems to forget that if you hate US dollars but you hold anything in a US market you MUST take US dollars to sell out and escape so this changes the stats to say you like US dollars. Same for buying gold: you have to buy US dollars to buy gold very often in the world, even if you want NO US dollars or paper at all
ytgv3fc7 1 year ago
@ytgv3fc7 The reason fear can control is all the bad things we see and hear will essentially lead to the same destination...death. We all "die", it's the people in fear who buy into the "NWO" & "reptilians" & martial law etc.
The ones who will do anything to survive..ANYHTING. These are the ones who are mis-guided. They are distracted from the real purpose of them each(soul) being here. Life is a very convincing "game", but a "game" is all it is.
MaffyMoose 1 year ago
Scary stuff!
smasila 1 year ago
Peter you the MAN!
Donattello1 1 year ago
Good job, Peter! Keep up the good work!
ronpaul2008rocks 1 year ago
Great stuff. Killer video by Schiff.
Intervene 1 year ago
Silver, rice, and bullets = my kind of mutual fund
TheDaveseal 1 year ago
@onecoolgreek Let them mug me, all they will get for their troubles is lead.
cowboy1165 1 year ago
bravo peter schiff great stuff
rolficus 1 year ago
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Cjmdgk 1 year ago
fuck it, keep printing!!! buy silver!!!
donniebrasco24 1 year ago
"So is Peter right?"... try and find one thing he's been wrong on
mojobo 1 year ago
@mojobo We all know he is right.. but is anyone listening??? I sure hope so.
Bassmarko 1 year ago
Too right the people are to protest! Give them hell!!!
Austacker 1 year ago
UK politicans are a bunch of idiots. Every student that breaks the law during the protest should be kicked out of school=> there are your budget cuts.
Voy2378 1 year ago
@Voy2378 lol
maradona2 1 year ago
can you say BANKER BBQ?
mercen144 1 year ago
@onecoolgreek If someone is looking to mug someone they will mug you for anything of value, be it gold, cash, ipod, starter jacket, etc.
aybesee123 1 year ago
Peter is always right.
aybesee123 1 year ago
I know someone who is collecting social security from Ireland becase she worked there for 5 years over 50 years ago there...she's getting 1200 a month...
mike6459 1 year ago
welcome back peter.
Kingdom007Hearts 1 year ago
Peter is absolutely right, don't bail out anyone, let the scroundels pay for their own folly.
focus21x 1 year ago
Correct as usual. Well done Peter.
sallyos06460 1 year ago
Thanks for posting
BlueSkies360 1 year ago
Die welfare state die!
rayyf69 1 year ago 4
This has all been planned. This will occur in the U.S. along with all other countries that have bail outs going on within them. This is the calm before the storm. Bankruptcies and foreclosures on a huge scale are coming down the pipes. But it's all planned...planned you say?
Yeah planned..so the general populace hits "Rock bottom" and will accept the coming changes to "save" us all...you watch and see!
MaffyMoose 1 year ago 2
@MaffyMoose So true. People don't SEE. My comment about the people in the first 30 or so seconds of this video looking like cattle being herded for slaughter is a perfect example of what is happening worldwide. It is all planned by a perfect design. The people of the planet will be left so destitute by the global elite, they/we will accept anything they offer. Of course, it will not be in our best interest, not in the least. More pain, agony, and despair. DEPOPULATION!
hausofjo315 1 year ago
@hausofjo315 over-population from current levels is more damaging than de-population. De-population is not a choice. A staunch and arrogant belief it can be defied is actually the one thing you can count on to FORCE de-population to happen ALL BY ITSELF. Just like you can't shove 50 dogs into a box and make them live in it you can't shove 9 billion, 13 billion, 20 billion people onto this planet. The required food, water and work-space for jobs does not exist, CAN NOT EXIST.
ytgv3fc7 1 year ago
@ytgv3fc7 totally agree ,During live aid in the 80s the population of Etheopia was40 million it has doubled in 20 years to nearly 80 million, result sdisaster!
SCOTLANDSSHAMEHOLLIE 1 year ago
@SCOTLANDSSHAMEHOLLIE ouch, that's a lot of people. If only we as humans would proper account for the real resources that are proven and properly account for the number of people that can live off that. Then we'd be fine. No more inflation and deflation cycles, no more foolish over-consumption and savings would be adequate, in any money-form we have and inventories without being over-kill. Just imagine if China doubled its population from today. Game over.
ytgv3fc7 1 year ago
@ytgv3fc7 So you're arguing that a lack of accounting at a national or global level is what leads to economic recession and supply shocks and such?
But how can there be a lack of accounting in a capitalist society?
What you're really arguing is that government should regulate economic production because you suggest (implicitly) a communist state (you are arguing communism) is more productive and efficient than capitalism. That is a false belief as proven by everything in its evil history.
DOHC2L 1 year ago
@DOHC2L the lack of accounting is what leads to disaster, recession is just one brand of disaster. Profiteering is a fudging of the books and quotes so know one has any idea the real cost in real tangible things like ergs/joules or barrels of oil or MW of electricity or man-power. Prices are distortions, ruining all accounting because they are by definition fluid and subjective in a capitalist society.
Capitalism IS the mistake.
What I'm arguing is machines should, without human permission, tell
ytgv3fc7 1 year ago
@DOHC2L tell every person that needs any resource just how many there really are anywhere, so we can all trade fairly between our own production & inventories and prices should cease to exist. Gold itself is a commodity, another item of inventory, so rather than pricing it would be another trade, weight of gold vs weight of wheat for account-holding of real goods and no debts. Flat trade. No profit. No government. I argue AGAINST all communism NEVER FOR IT.
ytgv3fc7 1 year ago
@DOHC2L what I argue for is that we put together our existing tools, networks and algorithms, and build the open-source machines we need that dictate from multiple sources in no uncertain terms the reliable accounting of inventories and costs of transport - measuring, not guessing or allocating - so we can all make any decision we like with the assurance fraud has been weeded out on a constant, adaptive basis. An IMMUNE system for an otherwise sick organism that badly needs one.
ytgv3fc7 1 year ago
@ytgv3fc7
We already already have a system that is used for cost accounting. It's the price system...
Profit simply shows people what customers value. The higher the profit, the more people go into it (assuming no interferences with supply, no government privileges that institute monopolies, etc). The more people go into an industry, the lower the profit, if all else being equal. Money simply facilitates trade. It allows people to have a common unit of account
stealthswimmer 1 year ago
@stealthswimmer We have no such system - the price system is designed to create maximum error in accounting inventory. That's why it exists instead of actually accounting inventory. The price system is a nasty thing designed to cause theft and inefficiency. That's WHY it has to go.
ytgv3fc7 1 year ago
@stealthswimmer Profit shows nothing of value to anyone at any time.
Profit is a way to steal from people.
It is a completely secret system of lying about what the real value of something is.
If I said "I want a gain of 8% over cost" and you paid me that price, that would be transparent. This does not happen. Ever.
If I said "I have 10 bushels of apples and I will trade with you so long as you return to me, by x date, 15 bushels of apples" then we can openly agree. This never happens. Ever.
ytgv3fc7 1 year ago
@stealthswimmer Common units of account are a mistake: we need ACCURATE units of account and they are NOT COMMON.
Every trade, every transaction, is different.
Every report, properly made and instantly made using machines, of real inventory and real input costs, shows people the real cost so we know what we're dealing with.
Pricing mechanisms fail at all times to show any of this.
ytgv3fc7 1 year ago
@stealthswimmer Pricing mechanisms ADDITIONALLY fail by allowing one price to account for multiple transactions whereby one is too low and the other is too high because differing prices are required to maintain inventory balances.
"if all else being equal" -> that is the problem. We know for a fact now that all else is not equal, not now or ever. The higher the profit, the higher the losses for those who purchase anything and this kills personal savings and the economy.
It IS the problem
ytgv3fc7 1 year ago
@stealthswimmer so in the future if we are to have any kind of economic stability the concept of profit must be removed forever. If it is not we can never have stability, we will always have massive poverty and wars FROM that poverty, mostly civil wars and class wars. The pricing mechanism itself, with any kind of non-inventory good that is not usable (paper money) must cease to exist. Gold and silver are real goods in the real world so like apples, steel, tin, are inventory units of account
ytgv3fc7 1 year ago
@ytgv3fc7
I think most wars are started because of the state, not because of class conflict (at least not economic class, but rather power classes, if some have the monopoly on the use of force then they will be tempted to use that to start wars). As for money, it simply helps people trade, and a money developed voluntarily in the market is thus qualitatively different from today's paper money (though a natural money can lead to paper money). And profit just helps people know what to make.
stealthswimmer 1 year ago
@stealthswimmer well, you are wrong. Most wars start because of money ratios, stealing, and state-to-state wars started by governments are a small fraction of these incidents of a larger category. It's not a monopoly of force, it's a monopoly of ALL resources - food, water, guns, medicine. Profit helps NO one know what to make - not today, not for one second in history and not in the future. It's a price distortion, a lie stacked on other lies. COST is the real indicator, NEVER PROFIT
ytgv3fc7 1 year ago
@stealthswimmer the key is NOT to maximize profits - for this is always fraud, theft, cheating, war - the key is to minimize costs - this is to find efficiency and to avoid wasteful mistakes. These are entirely different mechanisms as one is very dishonest (profit) and the other is inherently useful (cost-reduction). Many people are too stupid and greedy to reduce costs and so increase revenue (profit+) and mostly by theft (transfer without consent, knowledge, using force, of wealth)
ytgv3fc7 1 year ago
@DOHC2L capitalism is a disease. Communism is a denial of reality. Accurate and constant measurement and reporting, open-source design and constant human understanding and observation, means that our machines - which with not much more effort can simply be made a part of our bodies not long from now - is an immune system preventing hijacking of the commerce transit-system we call an economy. Capitalism is the maximal-fraud version OF an economy and MUST GO.
ytgv3fc7 1 year ago
PETER SCHIFF ROCKS!!!
RonaldReaganRocks1 1 year ago 2
why are there so many kids in the financial news business..
BadWithNames123 1 year ago
@BadWithNames123 because, with few exceptions, the old ones dont know shit.
surrealnumber 1 year ago
@surrealnumber no what i meant was that those stupid kids in those news dont know shit.. i mean i am the same age but i should need working on their news and they shouldnt either lol
BadWithNames123 1 year ago 2
@BadWithNames123 give it time they will be fired too
surrealnumber 1 year ago
Is Peter right? Of course he's right. I don't get how in the world printing money from nothing will stimulate an economy. These guys are idiots.
steamidjf 1 year ago
Another does of peter reality.
itubeutude 1 year ago
well done pete!
CliveSinclairZX 1 year ago
Wow, do you see a pattern here? first Greece, now Ireland? They keep trying to sluff off the debt to the people and the people are rightly pissed.
This is why I just bought 30 Oz's of silver.
CliveSinclairZX 1 year ago 2
Wow, do you see a pattern here? first Greece, now Ireland? They keep trying to sluff off the debt to the people and the people are rightly pissed.
CliveSinclairZX 1 year ago
Just bought 30 ounces of silver, keep it up! love schiff.
CliveSinclairZX 1 year ago 2
Thank god i have canned food and guns.
Graham6762 1 year ago
Would be great if you keep uploading videos. Spreading these messages is good, helps to have a balanced view of things.
sleeper1929 1 year ago 2
KEEP DOING WHAT YOU DO! =)
MrEurgbp 1 year ago
@MrEurgbp it is always nice to see peter in the wild :)
MrEurgbp 1 year ago
Two articles agreeing with Peter. Sorry, I am unable to post the links for some reason but you can find them on my Twitter & FaceBook accounts:
UK GUARDIAN - Ireland Should 'Do An Argentina' (The Irish people expected to pay in austerity cuts for their banks' sins have another option. Reject the ECB and IMF, ditch the euro)
UK GUARDIAN - Don't Bail Out Ireland, Free It (Our billions will prolong the misery. Better for the Irish to quit the euro and default on their debts)
PhilDeCarolis 1 year ago 7
This has been flagged as spam show
@PhilDeCarolis
You can use TinyURL dot com to create links then post them like this:
Remove brackets from links:
Don't bail out Ireland, free it
tinyurl(.)com/2ud4rh6
Ireland should 'do an Argentina'
tinyurl(.)com/338uvjv
swiftysmithuk 1 year ago
@PhilDeCarolis dang u havent posted an interview for a long time
MIT2004 1 year ago
@PhilDeCarolis and then no country would lend them a penny., unemployment would be 25% and inflation through the roof.
oxygen111uk 1 year ago
@oxygen111uk That's the opposite of how it works - without lending being used to drive government spending, jobs would be UP not down because people would get taxed less and have more opportunities. It can take time. Governments can't just tax more to make up for debts no one will lend them because that leads to secret executions of politicians by everyone nearby. Gov't spending down, taxes down, savings UP, income UP, productivity UP, jobs INCREASE. That's how it works
ytgv3fc7 1 year ago
@ytgv3fc7 thats a very American perspective, the EU is slightly more socialist and doesn't work like that. Socialism doesn't equal communism as it does in America, when Obama reformed healthcare in the US most Europeans were pleased.
oxygen111uk 1 year ago
@oxygen111uk people get taxed less(?) but due to inflation being much higher they are in real terms far far worse off, look at Argentina when it defaulted. When did you hear of taxes going down by the way? I assume government spending will be down and it will be painful. Jobs will not increase, unemployment will go up, sorry but this video is wrong IMHO.
oxygen111uk 1 year ago
@oxygen111uk Why should you be pleased? Look at all the problems the EU countries are in... all because of socialist policies. Government shouldn't set the price of anything because prices need to be flexible to adapt to changing markets and changing demands. What happens when you have a government that controls the mechanism that is by its nature flexible? Well you get chaos because when the prices don't fluctuate to meet demand people have to fluctuate to the demands of government...
DOHC2L 1 year ago
@DOHC2L Who is pleased? not me, I have never supported the EU, it will never work but the politicians can not let it fail because they have committed to it.
oxygen111uk 1 year ago
@oxygen111uk there is only ONE valid purpose to tax a public and it is NOT to fund "spending" like some nebulous voodoo. SERVICES can be provided to tax-payers sometimes (not always) more efficiently than private companies can or will provide. ANY purpose other than this is THEFT by taking tax dollars and should always be punished AS A CRIME.
ytgv3fc7 1 year ago
@ytgv3fc7 yes I agree with you however if a EU member country defaults on its debt then it is the end of them in the EU, that is the point that is missing from the video, they won't default because they would have to leave the EU because other EU countries like Portugal Spain would want to default as well. And then the speculators would make some real money.
oxygen111uk 1 year ago
@oxygen111uk
That's what's known as taking your medicine!
WatchRyder 1 year ago
This has been flagged as spam show
@PhilDeCarolis and then no country would lend them a penny., unemployment would be 25% and inflation through the roof.
oxygen111uk 1 year ago
@PhilDeCarolis In case anyone doesn't know the Guardien is seen as a 'Left wing' and 'Socialist' paper yet here it is saying the same things as Peter Schiff. Peter wants whats best for the people, which should be the aim of what we think of as socialism, but he is showing that best way to achieve it is free market capitalism. As an Irishman, God Bless Pete Schiff!
thunderballacks 1 year ago
The tuition is too damn high!
elmer1410 1 year ago
@elmer1410 Funny how tuition rises with department of education / educations budgets.
The people always get fucked.
CliveSinclairZX 1 year ago
Thanks for the upload, Phil. Greetings from Canada.
Unkn0wnGuy 1 year ago
Peter Schiff is right again. We cannot print our way to prosperity, even though the teleprompter in chief seems to think so.
stormfront219 1 year ago 2
we in germany want more uploads from you as well, phil :)
maddies1 1 year ago
Woo hoo Phil! You're back!
ColdRainyNights 1 year ago
please continue to upload videos
louis345 1 year ago
yeah keep uploading i almost always watch your videos
nilsFK 1 year ago 3
Governments are stealing from the people...plain and simple...
None of this debt is manageable, they knew it at the start of this FIAT ponzi scheme and they know it NOW.
You think it is an accident we are the point that you can barely cover the interest on these fraudulent loans?
The INTEREST, never even existed!!!
How can you pay back something that does not even EXIST?
It's a FALLACY!!!
doobsta 1 year ago 4
keep uploading I watched alot of your videos
loosey5 1 year ago
WTF!! Back in 2008 when this whole bailout bullshit was being decided the majority of the country said "NO!!" and these guys covered it and now they act like none of that ever happened!! What is wrong with these mainstream media idiots??
fury350z 1 year ago 4
wow, i haven't seen you upload a video in a long time
DrRonPaul2012 1 year ago 10
@DrRonPaul2012 You are right! Maybe I will start uploading again if people want me to.
PhilDeCarolis 1 year ago 36
@PhilDeCarolis start uploading, we want you too!
Wishingstarification 1 year ago 2
@PhilDeCarolis I don't mind.
wtfmoneyman 1 year ago
@PhilDeCarolis
Subscribed...
Get your upload on!!!
helltrackrider 1 year ago 2
@PhilDeCarolis please do
chroNick546 1 year ago
@PhilDeCarolis yes mate please do, I must have subscrided to you along time ago !! this sort of video like this is good information
angie7dino 1 year ago
@PhilDeCarolis We want you to keep uploading your videos! I was wondering what happened to you.
Sawbucks23 1 year ago
@PhilDeCarolis Yes, please do!
sumopub 1 year ago
@PhilDeCarolis yes
bobjimjones 1 year ago
@PhilDeCarolis Definitely should!
1ANT8 1 year ago
@PhilDeCarolis we do!
Erniel1812l 1 year ago
@PhilDeCarolis Absolutely! Of course we want it. We love your uploads here in Sweden too.
robert4you 1 year ago
@PhilDeCarolis hell yeah we do.
wstsd1 1 year ago
@PhilDeCarolis Yes! :)
VidKingz 1 year ago
@PhilDeCarolis It's much appreciated to have the uploads show up in my sub box then to have to search for them or not even see them at all. Thanks!
ilovetightends 1 year ago