Peter Schiff in the Saudi conference part 2/7

[TheReapersSon]

The camera man SUCKS

[1XMarksSpot]

Ron Paul 2012

He has never voted to raise taxes.

He has never voted for an unbalanced budget.

He has never voted for a federal restriction on gun ownership.

He has never voted to raise congressional pay.

He has never voted to increase the power of the executive branch.

He voted against the Patriot Act.

He voted against the Iraq War.

He returns a portion of his annual congressional office budget to the U.S. Treasury every year.

[1XMarksSpot]

Ron Paul 2012!

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[tothemax01]

Hah, the Saudis are going to take advise from a jew. I can't see them being comfortable with that somehow.

[harrybath]

For F* sake why don't they start listening to this man. Instead Benanke just sits there and say "things are unusually uncertain" What does that mean? that we are all screwed basically but I have no plan how to fix this.

[999silverrush]

@harrybath Why would they listen? Politicians can only make laws and spend money, bring in honest money and they no longer have any power, simply because they have no one's money to spend. Why would they take away their own power?

[takerdust]

haha, isn't it an insult in Arab countries to show the bottom sole of your shoe to someone?

Unknowingly, Schiff has it faced toward that Keynesian economist.

[MotesTV]

He might just be feelin' it. :)

[AmericaTops]

Hopefully, after a year of Obamanomics, the American people will WAKE UP in 2010 and start electing current politicians OUT, and this will continue in 2012...

Peter is absolutely correct - REALITY and real ECONOMIC LAWS need to be respected, instead of government's attempts to create phony conditions and trying to get people to do MORE of what got us into this mess!

[DANTHETUBEMAN]

inflation!!! the invisable thief! we are now doomed to skyrocketing inflation!! the lower doller value is trealing the money you have saved. i no most of you are saying "good thing i have no saving's" lol but it them lowers the value of all you oun!! so not only is congress riping you off up front, but thay get you agen when the inflation lowers the value of all you have. get ready becaus hear it comes.

[MotesTV]

Assets should rise in value when currencies collapse right?

[DANTHETUBEMAN]

@MotesTV

not at all, what where things worth in the deprestion? when cerrencies collaps

goods and servises will hold some value, but that depends on how long the recovery is. when a new cerrencie is offerd the old one it worth just pennies on the new dollar! we are a borowing econamy, when china falles its all over, and there gov can frealy cook the books so we wont see it coming. i am leary of the fines agenst toyota, seems like the big meadia machine is ramping up agent them.

[jumpers3]

Peter is the economic Winston Churchill of our time

[barbarossa0067]

I can barely understand anything. :(

[dezldummi]

hehe..... you left yourself wide open with that comment.... but yes.... very hard to hear.... the fact your listening to it says you understand quite a lot...

[tasuki78]

lol, very astute observation. I hope more people are willing to listen to Austrian Economics rather than ridicule it.

[nathanp15]

he is american ,,

[TheBlitz1]

@tasuki78 whatever dude - the Austrian business cycle theory is way way way more realistic then Keynesian

[tasuki78]

@TheBlitz1 I am all for the Austrian business cycle over the Keynesian. I don;'t understand the "whatever dude" part. Did you not read that I am a supporter of Austrian Economics?

[TheBlitz1]

@tasuki78 my bad then

[surfer53]

@tasuki78 People always confuse Austrian economics with Keynesian conservatism. I get that all the time here in Canada. "Didn't deregulation cause the economic crisis?" No...but what we're doing is basically giving a drunk with a hangover more booze so their head won't hurt as much.