@shotsky94 Sure he was wrong? Did you see the jobs report that just came out? And Europe is now in trouble because of Greece. And now China is starting to slowdown. Plus the housing crisis never went away. Maybe Peter was just off by a couple of years.
@UponInfinity... Exactly! I don't know what to make of Bill Maher. He really contradicts himself. He actually talks alot of shit about Rons son, Rand.. But Savage just had his first interview with Ron Paul the other day! And put one of his writings on his web page that he says made alot of sense and really enlightened him. I think Savage is coming around to Ron Paul..
@TimothyADonaghue with at least 40% of American people directly or indirectly making their living from the US government do you think they will give up that kind of power willingly? It is their base of power to have so many people dependent on them so when they say jump through a hoop a good portion will. Its top down statism or more commonly known as socialism. The socialist infiltration of the 40s and 50s is now coming to fruition
Schiff says the Chinese have over a trillion dollars of US debt ... and then goes on to say that they could buy every single stock on the S&P500 with that trillion dollars. I'm not familiar with his work, but I have seen him on the news and I really hope he knows better then that. Do I need to spell it out? ...The S&P 500 has a market cap of around 10 trillion).
Savage bothers to have Schiff on ONLY because Schiff's bullshit chicken hawk/gold campaign indirectly helps the Zionist cause...and Savage is an Israel-firster.
@TheGoalSetter Israel is an Ally... An American that isnt Israel first is an idiot... Savage is NOT a zionist... True Zionist are LIBERAL LEFT-WING NUT JOBS THAT OWN EDUCATION, HOLLYWOOD AND THE MEDIA... YOURE A FUCKING BUFFOON...
I was told by an attache at the Chinese Embassy in London that China intended to dominate the world through finance. This is the next biggest threat after cultural marxism and Islamism.
@timesplitters333 the first American flag had 13 stripes & 13 stars arranged in a circle to represent a new constellation, never before seen in the sky. Every time a state joined the Union they added a star and a stripe so there would be one per state. the extra stripes made the flag too big so they just added stars & went back to 13 stripes.
the Brazilian flag also displays stars, but of existing constellations, & the EU stars represent unity, not newness. See the connection?
"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
The Fed is technically private but newsflash, all government is private. By 'public' they mean it is ran by theft i.e. taxation and marketed as altruistic i.e. deserving of taxation. You need to stop criticising the Fed for being private. That's essentially saying-'it exists therefore it is bad.' There are loads of VERY good reasons to end the Fed, the worst reason is that it is 'private.' And Jefferson was wrong, bankers bust THEMSELVES through leveraging on sectors they inflate that must crash
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Peter we didnt blow it all on consumption. How about the wars? the occupations, the bloated defense budget?
I bet you cannot say that with the raving lunatic neocon that is Savage. I am not a violent man but I think it would be better for america if the likes of Savage/levine/Limbaugh would just drop dead
It wasn't defense budget, considering the war budget was never a budget at all. Overspending in the war without any real idea how to pay for it rather.
During recession intrest should be low and investments high. Raising intrest rates now would be very bad idea. Intrest should had been high in the good times, but for political reasons (to justify war in Iraq) it was kept low.
@miiiikku The same school that says low interest rates are good (Keynesianism) claims that war has a stimulative effect on an economy. Get your ideologies straight. If youre going to be wrong, at least be consistent.
This problem won't be over until the stolen, missing or misallocated monies are earned again. The money has to be earned, not printed. We cannot print our way out of this. Printing more cash exacerbates the problem.
@nilesmc Your prediction is incorrect. Stop listening to that doomsday Peter Schiff who invested heavily in commodities in the 1990s because he knew there would eventually be a big bubble. He bought low and is about to sell high, just like his b.s. books
@RicoRichmond wow...i wrote that 2 years ago? lol. i hear ya. things are getting bad & at a faster clip than 2 years ago. a 1964 (90% silver) US Quarter is worth over $8.50 as i right this comment today 4/25/2011. it feels like it was yesterday (in reality a few months ago) that silver was at $30. today it's over $47 and gold's at $1,510.
Shiff is not coming totally clean here. You can't just halt consumption and boost savings and save the economy that way. Where are you going to put your savings? In a bank? In the stock market? In a mattress? When consumers stop consuming where does that leave the economy? We can't all work for the government. He says we need to go back to a "real economy" but when did we ever have such an economy? Shiff doesn't say.
Savings are the ideal way to create credit. Banks then use their financing expertise to make the wisest loans to ventures that return a profit by creating things of actual value.
Decreased consumption, higher interest rates, and some deflation would strengthen the currency, reduce prices, and bring sensible value back to the market.
However, with low interest rates, a maze of regulation, and a cheap dollar, none of that can happen right now.
one of savages biggest mistakes is misunderstanding ron paul and dissing his supporters. If he would support rp (whom he agrees with more than he knows) the synergitikeffect would b huge........
So true, we should end the empire with bases all over the globe, and have the nation as designed. Like Peter said, we need a time machine for that. The people are so brainwashed with mainstream TV :(
I find it funny that Savage takes the time to mention Obama in a conversation that has nothing to do with him. Plus Bush is the one who ran up the deficit.
I agree that the spending to maintain the empire. Viet Nam was the nail in the Gold Standard coffin. I catch Savage every once in a while, and he does bash Bush, probably not as much as the Liberal Obama, afterall Savage does have a book called Liberalism is a Mental Disorder. I agree that the only real change with Obama is the name of the man in office, as he is status quo. I will give him a chance, but I am not impressed with his choices so far. IMHO Dems and Repubs, are same side of the coin.
and obama will promote its severity by introducing more government spending. they aren't taking sides as to whether democrats are better than republicans or vice versa...they are saying that we are in deep shit and more spending (which obama has proposed) will make things worse...and before you starting obama-guarding, keep in mind i favored him over mccain. obama is very relavent to this discussion and savage is NOT off base...you are just being too sensitive to obama.
You can't fix stupid. People like Obama and will like him even more with his New New Deal on infrastructure (with money we don't have).
1 Trillion dollar deficit next year.
Oh, and Obamatons have already planned an alibi...since GWB screwed things so badly, it's going to take years maybe decades to fix. Just like Bushites blamed Clinton, Obamatons will blame Bush. The cycle is complete.
We have kindergardners with no conscience in charge! Actually kids could probably run the country with more common sense. Someone take the "credit card" away from them, quick!!! Not one more bailout(giveaway), NOT ONE MORE!!!
Michael savage is wrong. I listened to him for years believing that the "liberals" were the "enemy". Look around you. The liberals are not the enemy, there are no true liberals nor true conservatives in power, so how can either one be the enemy. Savage is also too stupid to realize that the terrorist threat is a manufactured lie. He still thinks that there are extremists who "hate our freedoms". What a fool. We have a new class of criminals in control that Savage does not recognize.
agreed but we shouldn't get upset at these folks of people. We should try educating them and informing them.
As you said, there aren't many classical liberals or conservatives. Politics changes over time. It's getting more and more collectivist. More socialism, more fascism, more authoritarian rule, more government control, and more central planning.
You are correct that liberals are not the enemy; however, they are misguided and stupid. Please listen to the first hour of that particular broadcast, it will bring the interview into a clearer context for you. And you are right; there is a new class of criminals... one was elected on Nov. 4th.
It's not only the people in Wall Street that is greedy. Today an employee of Walmart deid because of the greed of main street shoppers. Wonder what they would do if they were in Wall Street instead of Walmart?
In the name of god , pray that the Police from examining those survelliance videos can track down the mob of people who stepped on that walmart worker .
this whole situation is unbelievable. it's amazing that my generation will have lived through this and 9/11 and who knows what else. all these companies should have failed just like sweden did back 13 years ago...they gave it back to the banks and let them handle it. thanks to mr. clinton the fair housing act has allowed for such destruction in the housing market. obama needs to govern his presidency from the middle of the aisle to bring this country back to where is belongs
I have mixed feelings about Savage. He's more libertarian on the market, but he's still a nationalist when it comes to foreign policy. He at one time espoused the idea that the "knee-jerk" libertarians were wrong about letting GM and Ford (not Chrysler, though) fail, and that what we needed is a big tariff on foreign cars (!!). I do not think he agrees with Schiff and the Austrian economists, who are non-interventionists as a matter of moral and ethical principle (as I am).
I think people forgot that free-market was the reason USA got great, and just remembered that USA was great, and that it had to be great no matter what. Now people is realizing that it was not USA that was great, but what USA was doing then was what it made USA great.
I love Mike Savage the only real voice in America. Lets be honest here this country is not going to survive next year when Obama takes office because there is no money to work with. The liberal mainstream media is going to pay a serious consequence when Obama fails to deliver what he says. I should see mainstream media slumping in ratings and losing alot of money like the new york times and talk radio surge in ratings.
Ironic that Savage should be agreeing with him since Savage was so heavily-biased against Ron Paul, and Schiff is Ron Paul's economic adviser, and is just promoting Ron Paul's policies!
Oh, well. I hope Savage at least has the 20-20 hindsight to come out and say he should have backed Ron Paul in the Republican primaries.
How many of these defaults are second and third homes that people speculate on and they didnt go up so they let them go back? Are there millions of people without a home? Why not a study to see where this is coming from? I think there is a lot of fraud and greedy speculators. I know several personally.Peter is great, what he is saying is correct. There hopfully will be other variables that he is missing that will help the economy. Going into debt to China, is that wise? Greed, Greed, Greed
You are right. Schiff is a numbnuts... I'm looking for the books by authors who REALLY know their stuff. Any suggestions? Who are the other authors/money managers I should be listening to? ART LAFFER?
wait...savage is blaming this on obama??? who is he kidding?
and schiff aint no genius...he may have been one of the few who showed up on the money shows who talked about the coming depression...but he is doing exactly what all wingnuts do...blaming this on consumers...where was the incentive to save?
his god reagan started the tax on personal savings accounts...which was done so people would spend
People listen to this man and prepare for hard times. The party is over. I was in Italy and France this summer and their lives are much harder than ours. Yes, most of us work hard but we have had a much higher reward since our banks artificially kept down rates by borrowing money from the entire world.
You know they {act}like they want us back on credit. BUT they are broke the banks are done giving us money. I think the fed knows the banks won't loan but hey soon it won't be the governments or the feds fault Right!! they tried and the big bad mean banks won't lend.
Those big bad MEAN bastards! It took government strong-arming to get them to act like civilized people and lend to the less fortunate, unemployed Americans dreaming of home ownership they can't afford. Why doesn't the FED just distribute credit cards instead of cash. It would save time.
an absolute lie...no one forced the banks to do anything...and most of the sub prime was done by independent mortgage broker agencies...like country wide
get your facts straight...oh wait, you listen to that self hating jew weiner...you arent really into facts
Here folks is a perfect example of why people should not comment on things they know nothing about. Banks were forced to raise debt-to-income (DTI) requirements and lower credit standards for mortgage lending due to the Community Reinvestment Act of 1998.
Where do you think independent wholesale mortgage operations got the billions of dollars they lent in subprime loans? They packaged them as securities and sold them to FANNIE and FREDDIE. Get YOUR facts straight.
What year? Depends on if they bought a home with no money down or provided a down payment. Are you looking for default rates for FTHBs who bought using Pay Option Arms or just your standard 2/28?
Default rates for FTHBs are increasing by the day due to the retraction of credit but were rising well before that when exoctic products were still on the market.
More importantly, what's your point? Mine and Schiff's is that over extention of credit enforced by gov't created this mess, period.
@TruthandJustice101 Nah men. Maybe he's just full of shit
shotsky94 7 months ago
LOLLLLLL.. Peter was just blowing hot air
shotsky94 8 months ago
@shotsky94 Sure he was wrong? Did you see the jobs report that just came out? And Europe is now in trouble because of Greece. And now China is starting to slowdown. Plus the housing crisis never went away. Maybe Peter was just off by a couple of years.
TruthandJustice101 7 months ago
Funny,, Micheal Savage belives in Peter Shciff but not Ron Paul.. Thats like cookies without milk..
TheSteve4200 7 months ago
@TheSteve4200 Kind of like how Bill Maher despises the Tea Party, but loves Ron Paul, the guy who essentially created it.
UponInfinity 6 months ago
@UponInfinity
The tea party of today is a FRAUD.. It's been hijacked by mainline GOP..
xMaXiMuSx 6 months ago 2
@UponInfinity... Exactly! I don't know what to make of Bill Maher. He really contradicts himself. He actually talks alot of shit about Rons son, Rand.. But Savage just had his first interview with Ron Paul the other day! And put one of his writings on his web page that he says made alot of sense and really enlightened him. I think Savage is coming around to Ron Paul..
TheSteve4200 6 months ago
umm the government would default if they raised interest rates where they need to be
pdxeddie1111 9 months ago
Better for a government default than a hyperinflation that makes everybody else poor. RAISE INTEREST RATES IMMEDIATELY. @pdxeddie1111
TimothyADonaghue 8 months ago
@TimothyADonaghue with at least 40% of American people directly or indirectly making their living from the US government do you think they will give up that kind of power willingly? It is their base of power to have so many people dependent on them so when they say jump through a hoop a good portion will. Its top down statism or more commonly known as socialism. The socialist infiltration of the 40s and 50s is now coming to fruition
pdxeddie1111 8 months ago
Silly foreigners, no way the US will pay them back.
madass888 10 months ago
Schiff says the Chinese have over a trillion dollars of US debt ... and then goes on to say that they could buy every single stock on the S&P500 with that trillion dollars. I'm not familiar with his work, but I have seen him on the news and I really hope he knows better then that. Do I need to spell it out? ...The S&P 500 has a market cap of around 10 trillion).
EclecticTheories 1 year ago
@EclecticTheories right now.... at the time...
MaTTCWorld 1 year ago
Hitler Is Informed Peter Schiff Was Right
BarryOcuda 1 year ago
Everybody stop swearing so much on YouTube.
RonaldReaganRocks1 1 year ago
Why in the fuck hasnt ron paul been on savage?
Coldshot89 1 year ago
@Coldshot89
i think savage hates Ron paul becouse ron paul is not israel firster.
Ron paul puts US first
Oozy9Millimeetah 1 year ago 4
Savage bothers to have Schiff on ONLY because Schiff's bullshit chicken hawk/gold campaign indirectly helps the Zionist cause...and Savage is an Israel-firster.
TheGoalSetter 1 year ago
@TheGoalSetter Israel is an Ally... An American that isnt Israel first is an idiot... Savage is NOT a zionist... True Zionist are LIBERAL LEFT-WING NUT JOBS THAT OWN EDUCATION, HOLLYWOOD AND THE MEDIA... YOURE A FUCKING BUFFOON...
TheConservatveLibral 1 year ago
@TheConservatveLibral The Israel people are potentially great allies; however, this is a class struggle. Nationality is merely a distraction.
TheGoalSetter 1 year ago
I was told by an attache at the Chinese Embassy in London that China intended to dominate the world through finance. This is the next biggest threat after cultural marxism and Islamism.
statewithinastateuk 1 year ago
Michael Savage and Peter Schiff, 2 of my favorite Jews...and no, don't start calling me anti-sematic, i'm just not politically correct
tonyg0123 1 year ago
obama is a useless fucktard!
halflifeproductionz 1 year ago
GOP GAVE AMERICA SECOND DEPRESSION ! GOP GAVE AMERICA SECOND NAM !
letnamsiew 1 year ago
is that european union american flag? what is going on here???
timesplitters333 1 year ago
@timesplitters333 the first American flag had 13 stripes & 13 stars arranged in a circle to represent a new constellation, never before seen in the sky. Every time a state joined the Union they added a star and a stripe so there would be one per state. the extra stripes made the flag too big so they just added stars & went back to 13 stripes.
the Brazilian flag also displays stars, but of existing constellations, & the EU stars represent unity, not newness. See the connection?
natdavi 1 year ago
Peter Shiff is the man
manfries 1 year ago
"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
President Thomas Jefferson
Red0660 1 year ago
They're doing it because the FED IS A PRIVATE BANK
Red0660 1 year ago
The Fed is technically private but newsflash, all government is private. By 'public' they mean it is ran by theft i.e. taxation and marketed as altruistic i.e. deserving of taxation. You need to stop criticising the Fed for being private. That's essentially saying-'it exists therefore it is bad.' There are loads of VERY good reasons to end the Fed, the worst reason is that it is 'private.' And Jefferson was wrong, bankers bust THEMSELVES through leveraging on sectors they inflate that must crash
Nintendomanwill 1 year ago
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Peter we didnt blow it all on consumption. How about the wars? the occupations, the bloated defense budget?
I bet you cannot say that with the raving lunatic neocon that is Savage. I am not a violent man but I think it would be better for america if the likes of Savage/levine/Limbaugh would just drop dead
uche007us 2 years ago
The Wars were enabled by consumption and debt...check the premise of your argument.
PeteMisener 2 years ago
It wasn't defense budget, considering the war budget was never a budget at all. Overspending in the war without any real idea how to pay for it rather.
Chslosers 2 years ago
Savage slams Ron Paul but you can tell he's got libertarian streak at least
Schiff 2010!
358Liberty 2 years ago
@358Liberty
Savage can't hold a candle to Ron's voting record... Come on dude.
TheMango121 1 year ago
I love Peter Schiff and he's right as always. Savage though.... damn I usually can't stand that guy.
jack1980a 2 years ago 2
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Fuck Savage. Lying cock sucker.
He talks the talk, but he wont' walk the walk.
surfn123 2 years ago
These guys are right. Wake Up America !!!!!!!!!!
a1m7e7r6ica 2 years ago 2
During recession intrest should be low and investments high. Raising intrest rates now would be very bad idea. Intrest should had been high in the good times, but for political reasons (to justify war in Iraq) it was kept low.
miiiikku 2 years ago
@miiiikku The same school that says low interest rates are good (Keynesianism) claims that war has a stimulative effect on an economy. Get your ideologies straight. If youre going to be wrong, at least be consistent.
wohs145 1 year ago
Inventing a time machine = good idea.
Look at the wonders it did in Back to the future.
The alternate 1985 is where were headed.
Sadly, today we can invent time machines with all the nanos that are just underground waiting to be a resource to be used. They can do that imo.
TheMeltinJohnShow 3 years ago
I wish Savage would have Schiff on more often...
And Ron Paul should as well..
TKainZero 3 years ago 5
@TKainZero Are you sure? I thought Savage hated Ron Paul...
98wongjf 1 year ago
@98wongjf He has said he hates Ron Paul. But savage hates everyone. Im sure if they talked, it would be fantastic though.
TKainZero 1 year ago
I'm saving even my rates are low.
Mediterraneanblue9 3 years ago
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Mediterraneanblue9 3 years ago
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kimcliftrn 3 years ago
This problem won't be over until the stolen, missing or misallocated monies are earned again. The money has to be earned, not printed. We cannot print our way out of this. Printing more cash exacerbates the problem.
TiredOldFart 3 years ago
What do we tell our kids? "Better get three jobs son. My welfare check is late this month"
caganb 3 years ago 4
By the time of the Nov. 2010 elections Monopoly money will be worth more than the dollar.
nilesmc 3 years ago 11
@nilesmc Your prediction is incorrect. Stop listening to that doomsday Peter Schiff who invested heavily in commodities in the 1990s because he knew there would eventually be a big bubble. He bought low and is about to sell high, just like his b.s. books
EyeAmTheIlluminati 1 year ago
@EyeAmTheIlluminati Would you rather invest in the dollar?
theguvnorjimmy 1 year ago
@nilesmc Not quite, but not to far behind.
RicoRichmond 10 months ago
@RicoRichmond wow...i wrote that 2 years ago? lol. i hear ya. things are getting bad & at a faster clip than 2 years ago. a 1964 (90% silver) US Quarter is worth over $8.50 as i right this comment today 4/25/2011. it feels like it was yesterday (in reality a few months ago) that silver was at $30. today it's over $47 and gold's at $1,510.
nilesmc 10 months ago
Shiff is not coming totally clean here. You can't just halt consumption and boost savings and save the economy that way. Where are you going to put your savings? In a bank? In the stock market? In a mattress? When consumers stop consuming where does that leave the economy? We can't all work for the government. He says we need to go back to a "real economy" but when did we ever have such an economy? Shiff doesn't say.
outtanames999 3 years ago
He is refering to when we manufactured products, instead of borrowed and printed money.
atheistnarnia 3 years ago 3
Savings are the ideal way to create credit. Banks then use their financing expertise to make the wisest loans to ventures that return a profit by creating things of actual value.
Decreased consumption, higher interest rates, and some deflation would strengthen the currency, reduce prices, and bring sensible value back to the market.
However, with low interest rates, a maze of regulation, and a cheap dollar, none of that can happen right now.
Uvissiet 3 years ago 3
put it in gold, commodities, foreign stocks from countries where they don't borrow themselves into oblivion. Read his book and learn.
brucec43 3 years ago 3
I hear him saying that we need to start saving and producing instead of spending and consuming
ultragalaxydeath 3 years ago 2
2009= GREAT DEPRESSION
Get ready to lose your job, car, house.
TruthandJustice101 3 years ago 7
You won't lose anything that is PAID FOR. Get out of debt. That's what I did. And pray to God you don't lose your job.
sharbeth7 3 years ago 5
@TruthandJustice101
Spot on prediction, sir. Spot on!
TrojanMike60 1 year ago
By the time the NAU comes into effect in 2010
many Americans will literally be starving
or experiencing malnutrition.
When Obama declares the millions of jobs to build the NASCO Super Highway millions of Americans will build it..
To get rid of the American International debts
they will drive the dollar to zero and enter the NAU debt free.
That is the way out of it that neither Peter Schiff nor Savage will consider. but it is coming.
dave777blaster 3 years ago 2
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ggadguy 3 years ago
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JOBPOST20 3 years ago
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im on cam and bored
SOMEONE TALK TO ME si
92444985 3 years ago
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savage is a monkey someone help him..
thelumberjackjohn 3 years ago
Unfortunately the Govt knows exactly what they are doing.
they are bankrupting everyone into the North American Union.
then they will have your guns and your constitution in the dumpster.
they are trying to introduce Canadian laws so when the NAU arrives everything will be harmonized.
dave777blaster 3 years ago
if the NAU happens, there will be a CIVIL WAR!
Then a restoration of the CONSTITUTION!
Also, the recession would put an end to distraction and time into study.
chrisgreycg 3 years ago 2
Robbing the hood...stealing from the poor and giving it to their rich friends...
JABBERWOCKY2DAY 3 years ago
one of savages biggest mistakes is misunderstanding ron paul and dissing his supporters. If he would support rp (whom he agrees with more than he knows) the synergitikeffect would b huge........
OOCASHFLOW 3 years ago 2
PS same with tons of other empires throughout history...
collapseofthedollar 3 years ago
So true, we should end the empire with bases all over the globe, and have the nation as designed. Like Peter said, we need a time machine for that. The people are so brainwashed with mainstream TV :(
3DRevolution 3 years ago 2
im sure the romans thought their empire would not fall..
collapseofthedollar 3 years ago
I find it funny that Savage takes the time to mention Obama in a conversation that has nothing to do with him. Plus Bush is the one who ran up the deficit.
Someguy676 3 years ago 2
Ya, he attacks what he assumes the "Obama Team" is going to do rather than what the Bush cronies already DID!!!
poyani 3 years ago
Obama has already made his case about more stimulus and bailouts. The gubmint has no money, so where do you think it'll come from?
DoctorJohnJGibbons 3 years ago 2
Obama is no different than Bush. I know that all that "change" garbage was nothing but campaign slogans.
I just find it funny that Savage (Weiner) attacks Obama on what he might do in the future rather than Bush on what he has already done!!!
Also, where do you think all this money is going? The US does not carry more social spending per capita than other developed countries.
The massive spendings are due to the need to maintain the empire.
poyani 3 years ago
I agree that the spending to maintain the empire. Viet Nam was the nail in the Gold Standard coffin. I catch Savage every once in a while, and he does bash Bush, probably not as much as the Liberal Obama, afterall Savage does have a book called Liberalism is a Mental Disorder. I agree that the only real change with Obama is the name of the man in office, as he is status quo. I will give him a chance, but I am not impressed with his choices so far. IMHO Dems and Repubs, are same side of the coin.
3DRevolution 3 years ago
Savage doesn't hold water for the Republicans and often criticizes Bush. Peter does as well.
DoctorJohnJGibbons 3 years ago
and obama will promote its severity by introducing more government spending. they aren't taking sides as to whether democrats are better than republicans or vice versa...they are saying that we are in deep shit and more spending (which obama has proposed) will make things worse...and before you starting obama-guarding, keep in mind i favored him over mccain. obama is very relavent to this discussion and savage is NOT off base...you are just being too sensitive to obama.
kaliamalia 3 years ago
You can't fix stupid. People like Obama and will like him even more with his New New Deal on infrastructure (with money we don't have).
1 Trillion dollar deficit next year.
Oh, and Obamatons have already planned an alibi...since GWB screwed things so badly, it's going to take years maybe decades to fix. Just like Bushites blamed Clinton, Obamatons will blame Bush. The cycle is complete.
DoctorJohnJGibbons 3 years ago
What kind of a mental case uses the phrase "Welcome to the Savage Nation" ???
healthhavencom 3 years ago
What does this have to do with Peter Schiff and the current economic collapse?
DoctorJohnJGibbons 3 years ago
Do you not understand that people watch the videos (or listen to the audio) and then comment on what they see or hear?
Pretty simple concept.
healthhavencom 3 years ago
The response is out of context with the posting theme.
DoctorJohnJGibbons 3 years ago
We have kindergardners with no conscience in charge! Actually kids could probably run the country with more common sense. Someone take the "credit card" away from them, quick!!! Not one more bailout(giveaway), NOT ONE MORE!!!
doinit2init 3 years ago 2
do you mean kindergardners could run the country better than barack obama? or better than George Bush? could you clarify that?
NSICLOPDA 3 years ago
Um, ya, definately better than the latter. The former remains to be seen.
doinit2init 3 years ago
Michael savage is wrong. I listened to him for years believing that the "liberals" were the "enemy". Look around you. The liberals are not the enemy, there are no true liberals nor true conservatives in power, so how can either one be the enemy. Savage is also too stupid to realize that the terrorist threat is a manufactured lie. He still thinks that there are extremists who "hate our freedoms". What a fool. We have a new class of criminals in control that Savage does not recognize.
peteback 3 years ago 4
agreed but we shouldn't get upset at these folks of people. We should try educating them and informing them.
As you said, there aren't many classical liberals or conservatives. Politics changes over time. It's getting more and more collectivist. More socialism, more fascism, more authoritarian rule, more government control, and more central planning.
stealthswimmer 3 years ago
Savage is an Israel-firster.
RonPauladvocate 3 years ago
You are correct that liberals are not the enemy; however, they are misguided and stupid. Please listen to the first hour of that particular broadcast, it will bring the interview into a clearer context for you. And you are right; there is a new class of criminals... one was elected on Nov. 4th.
runaroundtheblock 3 years ago
It's not only the people in Wall Street that is greedy. Today an employee of Walmart deid because of the greed of main street shoppers. Wonder what they would do if they were in Wall Street instead of Walmart?
Happen2008 3 years ago 2
In the name of god , pray that the Police from examining those survelliance videos can track down the mob of people who stepped on that walmart worker .
fourcups123 3 years ago
this whole situation is unbelievable. it's amazing that my generation will have lived through this and 9/11 and who knows what else. all these companies should have failed just like sweden did back 13 years ago...they gave it back to the banks and let them handle it. thanks to mr. clinton the fair housing act has allowed for such destruction in the housing market. obama needs to govern his presidency from the middle of the aisle to bring this country back to where is belongs
cjbass16 3 years ago
There's nothing wrong with greed as long as that greed is balanced by an equal measure of fear.
What the government has done through its bailouts and guarantees is remove fear from the equation.
This is a recipe for disaster.
jryan1971 3 years ago 3
I have mixed feelings about Savage. He's more libertarian on the market, but he's still a nationalist when it comes to foreign policy. He at one time espoused the idea that the "knee-jerk" libertarians were wrong about letting GM and Ford (not Chrysler, though) fail, and that what we needed is a big tariff on foreign cars (!!). I do not think he agrees with Schiff and the Austrian economists, who are non-interventionists as a matter of moral and ethical principle (as I am).
ftorresgamez 3 years ago
I think people forgot that free-market was the reason USA got great, and just remembered that USA was great, and that it had to be great no matter what. Now people is realizing that it was not USA that was great, but what USA was doing then was what it made USA great.
hugolp 3 years ago
I love Mike Savage the only real voice in America. Lets be honest here this country is not going to survive next year when Obama takes office because there is no money to work with. The liberal mainstream media is going to pay a serious consequence when Obama fails to deliver what he says. I should see mainstream media slumping in ratings and losing alot of money like the new york times and talk radio surge in ratings.
vycaso 3 years ago
Titanic is sinking and everybody but Peter Shiff is still playing the old tune.
My fear of government created problems is only exceeded by my fear of government invented solution.
vlastic 3 years ago 2
None are more hopelessly enslaved, then those that falsely believe they are free.
jaguaruas 3 years ago 2
your graphics are better then average.
automaticAEV 3 years ago
If my family start's going hungry there will not be a safe place to hide in this country.We will go to where the wealth is, free for all style.
Fockersnextdoor 3 years ago
Carnac says "What denial looks like..."
'What is the sound of two morons talking?'
pardonedturkey 3 years ago
What is the sound of two morons talking?
Richardgwm 3 years ago
You and a relative.
pharesc8019 3 years ago
Should credit slave rise up against money master even though the master let slaves spending all his money?
Who is the real slave? The people who kept on feeding people with cheap credit or the people who is enjoying the cheap credit?
Civsuccess2 3 years ago
Who is the real slave? The people who kept on feeding people with cheap credit or the people who is enjoying the cheap credit? <<
The people useing the credit. Hell they dont even have the money they loan you. Its just them useing there imagination to get leverage off of you.
automaticAEV 3 years ago
Chinese and US people need to unite against a master (US government) that want to help its own slave.
It's very complicated.
Civsuccess2 3 years ago
Government should encourage investment and NOT consumption.
It's stupid for government to encourage consumption.
Civsuccess2 3 years ago
Schiff is great.
Ironic that Savage should be agreeing with him since Savage was so heavily-biased against Ron Paul, and Schiff is Ron Paul's economic adviser, and is just promoting Ron Paul's policies!
Oh, well. I hope Savage at least has the 20-20 hindsight to come out and say he should have backed Ron Paul in the Republican primaries.
freesk8 3 years ago 4
How many of these defaults are second and third homes that people speculate on and they didnt go up so they let them go back? Are there millions of people without a home? Why not a study to see where this is coming from? I think there is a lot of fraud and greedy speculators. I know several personally.Peter is great, what he is saying is correct. There hopfully will be other variables that he is missing that will help the economy. Going into debt to China, is that wise? Greed, Greed, Greed
PAYNE227 3 years ago
You are right. Schiff is a numbnuts... I'm looking for the books by authors who REALLY know their stuff. Any suggestions? Who are the other authors/money managers I should be listening to? ART LAFFER?
engine2truck6 3 years ago
Schiffs' always right, hes a man to stand by. He was Ron Paul's adviser, don't you know.
wackassegyption 3 years ago
wait...savage is blaming this on obama??? who is he kidding?
and schiff aint no genius...he may have been one of the few who showed up on the money shows who talked about the coming depression...but he is doing exactly what all wingnuts do...blaming this on consumers...where was the incentive to save?
his god reagan started the tax on personal savings accounts...which was done so people would spend
lionsgateblows 3 years ago
"schiff aint no genius"
You mean "Schiff isn't a genius?"
Fighting89Back 3 years ago
Taken from a long lost website: "I ain't know dummy!"
milliradian 3 years ago
michael savaga is awesome
cowboy45678 3 years ago
I HATE Micheal Savage, but he's right on this. We need to get back to the gold standard and quit bailing out banks that promote bad financing.
godfartedquestionmar 3 years ago 2
People listen to this man and prepare for hard times. The party is over. I was in Italy and France this summer and their lives are much harder than ours. Yes, most of us work hard but we have had a much higher reward since our banks artificially kept down rates by borrowing money from the entire world.
cotullaguy 3 years ago
schiffs right
bearsagainstevil 3 years ago 3
Always good to hear a voice of reason.
odin422 3 years ago 11
You know they {act}like they want us back on credit. BUT they are broke the banks are done giving us money. I think the fed knows the banks won't loan but hey soon it won't be the governments or the feds fault Right!! they tried and the big bad mean banks won't lend.
nmbypmby34 3 years ago 2
Those big bad MEAN bastards! It took government strong-arming to get them to act like civilized people and lend to the less fortunate, unemployed Americans dreaming of home ownership they can't afford. Why doesn't the FED just distribute credit cards instead of cash. It would save time.
engine2truck6 3 years ago
an absolute lie...no one forced the banks to do anything...and most of the sub prime was done by independent mortgage broker agencies...like country wide
get your facts straight...oh wait, you listen to that self hating jew weiner...you arent really into facts
lionsgateblows 3 years ago
Here folks is a perfect example of why people should not comment on things they know nothing about. Banks were forced to raise debt-to-income (DTI) requirements and lower credit standards for mortgage lending due to the Community Reinvestment Act of 1998.
Where do you think independent wholesale mortgage operations got the billions of dollars they lent in subprime loans? They packaged them as securities and sold them to FANNIE and FREDDIE. Get YOUR facts straight.
mayr12 3 years ago
hey genius...whats the percentage of mortgage defaults on first time buyers?
lionsgateblows 3 years ago
What year? Depends on if they bought a home with no money down or provided a down payment. Are you looking for default rates for FTHBs who bought using Pay Option Arms or just your standard 2/28?
Default rates for FTHBs are increasing by the day due to the retraction of credit but were rising well before that when exoctic products were still on the market.
More importantly, what's your point? Mine and Schiff's is that over extention of credit enforced by gov't created this mess, period.
mayr12 3 years ago 3
It's in the internets. Thanks for uploading, always great to listen to Peter Schiff :)
lornloxor 3 years ago
where is part 2?
sokoboo 3 years ago
Michael Savage and Peter Schiff together, got to love it. Two people who tell it how it is.
veggielife 3 years ago 3