So, to summarise, the only jobs ever created are minimum wage jobs (basically all Schiff talked about), and that really it's wasted money because there's no such thing as the multiplier effect. Yes the tax roll needs to be changed, but in a depression you MUST increase demand in the economy. It's great how Bush managed to spend so much during boom years instead of building up surpluses though, brilliant.
Schiff needs to get a clue. The government is hoplessly broke & the only way out is hyperinflation. The system is so far gone it cannot be fixed. He is just complaining about the way other people are trying to re-arrange the deck chairs on the titanic as it sinks. He would do better to stop complaining & start positively advocating ways to save yourself, like get out of green fake fiat paper money & into food, water, guns, ammo, heirloom seeds, gold, silver, copper & land to grow food
@dishesdealer417 You idiot. he has been saying all those things for years, he also has explained many times before what needs to be done to fix the economy.
You should first do some research before posting these stupid comments about people you don't even know that well.
None of Bush's wars were paid for either but I didn't see any of the neocon lackeys complaining about that. Only ron Paul complained equally about unpaid for spending for war profiteers & to help people raped by corporate america, the criminal banksters & their bought & paid for Politician whores.
Interesting how Obama will go after the opposition from another party that opposes his policies, BUT NOT HIS OWN PARTY ... HUH??? Fact - Senate majority leader, Harry Reid, DEMOCRAT, said NO to allowing for a vote in the Senate. This after Senate minority leader, Mitch McConnell, REPUBLICAN, asked for a vote on the Senate floor. Question to Mr. Obama and those taking biased cheap shots at the folks who are opposing this supposed "jobs" bill - why did you not call out your own?
What the hell is this guy talking about? Employing people to rebuild infrastructure creates jobs. It also invests in the future by updating schools. Another right wing lunatic
@Someideasandstuff - really? well Obama's gospel about infrastructure sure worked well with the first stimulus didn't it? What are your source(s) for the claim that employing people to rebuild infrastructure creates jobs? Where are they getting their data from? Are these permanent jobs? I can tell you these sacred "infrastructure" jobs are not. And please, spare me the demonizing ("right wing lunatic"). Let's stick to truth and leave the name calling to the kids in elementary school.
If employing people to rebuild infrastructure creates jobs, why not employ as many people as possible by letting them shovel with spoons and hammer with rocks? After all, that will create millions of jobs because they aren't using modern tools
Creating jobs for the sake of creating jobs does nothing to help the economy because it doesn't create wealth, it destroys it. I could hire a person to dig for no reason, but does that create the opportunity for future profits? No.
Yes, but how do we know all of those rodes and bridges will actually create future wealth? The most famous example is Alaska's Bridge to Nowhere, which was supposed to be a $400million bridge that connected to an island with only 50 inhabitants. Obviously, this bridge only would been a long-term deficit.
We ought to maintain and lease our current infrastructure, and only build where ABSOLUTELY necessarily. No need to increase our deficit more than it already is.
@EliteKiller07 so you don't think investing in computers to be used for teaching purposes in schools will increase the chances of success for future capitalists?
What I think is we shouldn't increase our costs of things while running up deficits. What I believe in is competition and innovation, which go hand in hand
Second of all, many charter schools already issue laptops out to every student; I was one of those students. Charter schools allow schools to innovate because they aren't subjected to the rules and regulations. The cost per student in charters is $6500, while it's $10,700 for public, & charters end up with better grades
I know. My point was is if you let schools compete with each other using their own curriculums and rules, you are going to end up with better education and lower costs. Which is why I am in favor of a voucher system which gives parents the choice to choose which school they want their kid to go to. Also, I'm in favor of lifting mandates on public schools and forcing them to rely on students for funding (through vouchers), rather than the government.
@EliteKiller07 you don't understand how the voucher system works. The vouchers are paid for with taxes (mainly property taxes). This way poor people are also able to get an education.
I know how it works; the vouchers are paid with by taxes. I'm saying that it is a much better alternative than what we are doing now. The vouchers allow the parents to choose what school they want to spend that money on, be it private or public. Under the system we have now, we take people's tax dollars and only allow them to use government-run and funded schools.
This allows for maximum competition under a system where education is government-funded.
OBAMA needs ILLEGALs to vote for him, just like ACORN, the democrats are whored out to the ILLEGALs & all the UNION jobs that cater to them. From the teachers, COPs, JAILGUARDs, these UNION jobs are what OBAMA JOBs BILL want to grow. These jobs will suck more money out of the TAX PAYER, which is already bankrupt by the first stimulus that was used to pay off the UNIONs that cause the recession to begin with. President OBAMA is the most corrupt stupid IDIOT to hold office.
President Barack Obama is now the undisputed “Worst President in U.S. History.” He can place this award on his mantle next to the Nobel Peace Prize. :-(
As President, it is clear that Barack Obama is dangerously in over his head for he has no executive experience, no business experience, and no real world experience. As a Chicago community organizer, he has been thrust into the most important position in the world without the necessary skills to handle this crisis.
I wish the founding fathers could have the opportunity to respond to our current Government's policies and the state in which we are in economically. It would be exciting to watch the two debate over the Constitution and Bill of Rights.
I wish the founding fathers could have the opportunity to respond to our current Government's policies and the state in which we are in economically. It would be exciting to watch the two debate over the Constitution and Bill of Rights.
@TwiztedAnimator thanks for helping me make my point. As you've just made it clear that he's not better than the benchmarks he's supposed to be beating. If he was such a guru his clients would be making profits no matter what the economy is doing. IF your really are tapped into the pulse of the world economies you should be making money when markets go up AND when they go down. It's called being long and short....you can look that one up on wikipedia.
i mean ;) americans don't know how to live and save money... ;) imagine there are ppl living in there houses on earth, having sony tv's computers, driving a car, and so on, and having a wage of 500$ ;)
Bernanke is getting ready to initate another , 400 billion of BOND BUYING Mortage backed Securities in NOV...In other words he is going to buy 400 billion of bad debt from the banks , and putting the tap on the deficit...
I still belive that they are trying to destroy the dollar so they can bring in and internatioanl currency...Look at all the products in your home , KITCHEN AID made in china , APPLE made in china . They made so much money , the ELITE want to continue.
@jkessler410 Wikipedia : "In a 2002..Schiff predicted that the economic downturn triggered by the bursting of the dot-com stock market bubble would lead to a bear market likely to last "another 5 to 10 years. In November 2002, US stock indexes began a BULLl market uptrend which held steady for five years" ......performance of some of his client's accounts... clients are down anywhere from 40% to 70% in 2008." Should "righitst dipshits" elevate nurses to doctors after a few years?
"In November 2002, US stock indexes began a BULLl market uptrend which held steady for five years'"
Schiff already addressed this. He already addressed his clients' portfolios as well. You fuckers like to pretend he didn't say anything about them because that way you can ignore the facts by pointing them out without feeling like you were utterly fucking destroyed.
Brought to you by a man with a bachelors degree in accounting. This is a sales pitch from a broker. He's is not doing this out of the goodness of his heart. He's pretending to be a world class economist to promote his brokerages. Brilliant really. I would not be surprised if he aligns himself with a real economist, maybe has a debate, thereby actually gaining credentials through osmosis. He guessed right along with many other on the mortgage crisis, but even a broken clock is right once a day.
I am an employer and I disagree about hiring those unemployed 6 months from both sides- Obama's absurd legislation and how Schiff criticizes it. I would never hire someone whom otherwise wouldn't hire for $4,000 "rebate". If someone cannot do the job properly it will cost me at least $40,000. Also, Schiff is talking mainly how it makes no sense based on numbers, but again if a person is unemployed for 6 months, he is a jackass and doesn't make any sense all these "numbers game"
Folks, you are listening to a sales pitch from a broker looking to get clients for his firm. He has a bachelors degree in accounting and has been riding the wave of a prediction he made based on people's work with real credentials concerning the mortgage crisis. Even a broken clock is right once a day. He talks like he's a world class economist. Would you send your kids to a witch doctor because you saw him make someone well by dancing around and foaming at the mouth?
@davebelize Here is the problem with all leftist dipshits in this nation, you consider education more important than experience and results, Why don't read further into the wikipedia link you're using as a guide to back up your delusions and consider how much experience this man has in real world economics... He's been right about pretty much everything, as if it's not basic common sense that the road we are on is one that leads to nothing but pure fail.
The only way this country isnt going to go bankrupt is if we go back to the gold standard. Once everyone sees we have real money everone will want it. Made in the USA will mean something again.
I wonder who reconciles President Obama's checkbook? The government is sending us off a cliff as they wave the transnational flag of DEBT! God, please help us! And, you have to be punch drunk to believe all this is paid for in advance.
I really like the fact Pete gets out there and restates his position, trying to save one more individual from the economic pyre. I wish the president could see into the future......................................................
@SchiffReport I seen your testimony to congress in it's entirety.. Peter let me be the first to say that you are an incredible American.. You speak the truth and you do not hold back.. I want to say as an American citizen, I appreciate your absolute determination to save this country.. The way you take on the elite in Washington without backing down and going for it all.. There are allies like myself that also know the truth.. We stand by you and also fight..
@SchiffReport I seen your testimony to congress in it's entirety.. Peter let me be the first to say that you are an incredible American.. You speak the truth and you do not hold back.. I want to say as an American citizen, I appreciate your absolute determination to save this country.. The way you take on the elite in Washington without backing down and going for it all.. There are allies like myself that also know the truth.. We stand by you and also fight..
many countries are havnig a huge debt. actually many morfe countries have a bigger debt than USA. the two economic poles are USA and China and it will be like that for a long time. the only difference between USA and China is that USA spends his money on stupid things. when this country start to do smart things, it will go better. the politicians are all the same. Ron Paul is not the solution. the system has to change. Russia turned to capitalism. the USA will have to turn to communism.
President Barack Obama is now the undisputed “Worst President in U.S. History.” He can place this award on his mantle next to the Nobel Peace Prize. :-(
As President, it is clear that Barack Obama is dangerously in over his head for he has no executive experience, no business experience, and no real world experience. As a Chicago community organizer, he has been thrust into the most important position in the world without the necessary skills to handle this crisis.
What will create jobs is to get those with all the damn money to start spending it!!! That is what an economy is about, money comes and money goes, it flows back and forth within the world. Not 1% of the people have all the money (horde) so they feel the need to print more to put into the economy. It's bullshit.
Most of Obama voters are Living off the government tit!
They are low life people that are able bodied, yet live off government assistance. I.E. Welfare, WIC, Food Stamps etc. healthy welfare recipients that are able to work but choose not to because they are satisfied with their welfare checks for doing nothing.
The people living off the government tit are the largest voter pool for the democratic party.
UNION jobs means more TAX JOBs. More government idiots that the private sector has to SUBSIDIZE, hence NO JOBs, HIGHER TAXes, & increase in INFLATION bankrupting & causing huge state deficits which caused this recession in the first place. The same policies OBAMA's stimulus 4 years ago was an EPIC FAIL. Government cannot create jobs - just look at the postal service. OBAMA is taking the same bankrupt policies the postal service used for his JOBs ACT. OBAMA is dumber than a starfish.
I'm British (so not familiar with the set up over there), and I was just wondering if this testimony Peter mentions will be televised and if we'll be able to see it?
@ralliart2000 knowing the way our media is, I doubt it. Our media is so liberal they will protect B.O. to no end from having people like Peter coming out telling the truth
Don't try to figure Obama's plan out. Just "pass it and pass it right away". He sounded like a real clown. I guess he's trying to shove it down our throats like Obamacare.
Obummer is taking his act on the road. With the mantra that there is nothing controversial in this bill so pass it right away.
He must have taken a page out of Pelosi's playbook.
MR END OF THE WORLD " YOU LOOK LIKE A NICE MAN /GUY I HAD SEEN YOU NOW MORE THAN #10 TIMES CAN YOU STOP TAKING DOM CAN YOU SAY SOME THING NICE AMERICAN WANTS TO BE TALK UP NOT DOWN EVERY TIME YOU OPEN YOUR FACE " COME ON GUY SAY SOME THING GOOD " PLEASE "
@racenemo For some reason, your great statement reminds me of that Ian Drury song "Spasticus Austicicus." Obama's "jobs" program is spastic all right.
I don't think that you've mentioned one bad unintended consequence and that is that some businesses will fire current employees so they can hire long term unemployed workers and get the tax credits, resulting in a mere a shuffling of employees rather than real job growth.
@XESTISS Why do you libtard trolls feel the need to enlighten people on the glories of failed socialism - insult everyone that disagrees with you. Either you are on the government payroll or you're a commie is my guess.
@jeffmonc2 Well if I am on Govt payroll you must be for the Banksters and corporate american payroll trying to screw the middle class. But we know what the truth is your just an idiot that doesn't know WTF he is arguing for And I am one of the 90% of sane people in America!
@jeffmonc2 O Yea and I am a troll because I use Logic! That is a true statement since you live in a fantasy world where the Dollar was Hyper inflated, The US Collapsed and Big Govt is laughing while they drink their fine wine and eat Cheese. IDIOT!
@XESTISS - there are good corporations - those that can stand on their own two feet and don't take government money - and there are bad corporations those that use the government to get money. Punish the bad and get out the way of the good - in stead of the other way around like you want.
@XESTISS You're nuts - this was tried all before and it didn't work and half the money disappeared into Democratic donors pockets. Socialist had their chance for "change" - see how that worked out.
@jeffmonc2 You my friend are an idiot of MEGA proportion. A Champion of ignorance.
How do you know it didn't work? Try to comparing it to the Alternative Moron!
The Key word you said here is "TRY"! If you are sick you don't say I took the medicine it didn't work Fuck it! I will wait and Die! But then again you follow Peter follower so you might be that fucken stupid! But any way let's pretend your not that dumb! You would try other Drugs or have a surgery. That is what WE sane people do.
@jeffmonc2 So tell me Billy Bob you hate Govt & Big Companies but you think Big Companies will fix our problems right? How does that work exactly?? You hate Republican, Democratic Capitalism and of course socialism as you stated But like Ron Paul who is for "Limited Govt" Therefore by default you and he are for Big Companies. But you don't want them to be bailed out. .And you want Gold std as if you could not debase that currency because it has magical powers! Explain that to me cause i am Nuts!
Exactly - government can only do so much - government is not clever - it is a stupid beast. It can't invent anything or solve problems - it can only move money around (at great expense). The best solution is just to let the system work the sickness out itself - it should get out of the way until it does.
Ron Paul is the only answer for America. Not because he has all the answers but because he would shake things up in the White House and thats what we NEED!!! Im becoming a republican so I can vote for him in the primaries.
@wisebbq1 Because they are all NUTS! That why. They want the US to collapse and destroy government! They Believe that Corporate America will fix everything but at the same time they hate them! They don't want the rich to pay more taxes only the middle class. If you can figure these morons out let me know.
Ron Paul WILL win if we vote in the primary. If you want to vote for Ron Paul in the primary, (in many states) YOU HAVE TO BE REGISTERED AS A REPUBLICAN and BE REGISTERED 3 MONTHS in advance of the primary or you will NOT be allowed to vote.
@MrG0TH1ER The entire system is one giant clusterfuck. Privatized profits, socialized losses, cronie capitalism, corruption, favoritism, corporate malfeasance, incompetence, lack of accountability... the fucking list goes on and on. Flush the entire turd down the toilet and start over. Obama is a loser. More failure heaped upon a long losing streak. The country needs a leader, not a blind as a bat imbecile.
@Muzzy337 I agree 100% with you. My point was to make sure people wouldn't turn to the repulican for the change they are looking for. It would be even worst.
I think it would be good for the U.S. to have a left wing party. Right now there's none (in the major league).
@boucher63 Yeah, it's that simple. The problem is that we don't manufacturer near as much as we used to. Why is that? Tax and regulatory systems. A fiat currency that is constantly debased, which punishes savers. Artificially low interest rates create credit bubbles where labor and capital are misallocated. The Federal Reserve artificially lowers interest rates by creating credit money out of nothing. It distorts everything. There is no saved capital available for investment as a result.
@joepeeler34 "The problem is that we don't manufacturer near as much as we used to."
Yea those kick ass jobs that pay a $1 a day are all over seas darn it! That's what the problem is. Yeaa!!!!
"Artificially low interest rates"
Yea the are sooo Artificial!!! Hey why doesn't Europe "Artificially" lower rates say from 50% on the 2 year bond to about 0.5%? Uh? How does that sound smart guy? O $hit Wait! They are not Artificially manipulated, are they? They are set by the Free market! WOW! CRAZY!
@Minethis1 Manufacturing jobs pay a lot better than serv. sector jobs.
The ECB is keeping rates artificially low in some EU member states by buying their bonds. See Italy and Spain.
When central banks buy bonds with money created out of nothing there is a large buyer of govt. debt in the market. This will keep rates lower than they would otherwise be.
Central banks "target" interest rates. That ain't a free market in rates. However, market will override the central bankers in the end.
@joepeeler34 "However, market will override the central bankers in the end." EXACTLY! Now your are FINALLY but slowly starting to get it! Hallelujah!!!
"Central banks "target" interest rates."
For WHO do they set Target Rates?? BANK BORROWING! That has NOTHING to do with the FREE MARKET RATES!
Buying our Own Debt is like having 2 credit cards With 5k of debt each and getting a 3rd CC for another 5k to pay 2500k on the 1st two Credit cards! You Still owe 10K. There is NO Increase in TT Debt!!
QUESTION: some people are saying that gold/silver is a bubble. What exactly are your ideas on gold and silver. Do you recommend selling before supposed bubble bursts?
@MrBigEnchilada That's like saying I'm biased against suicide because I am alive. Schiff can invest his money where he likes. No one is telling him where to park it. Either the force of his logic compels you to agree or it doesn't. Implying that he is conning people simply because he puts his money where his mouth is isn't a refutation.
Well Mr.Schiff... you said the definition of insanity is doing the same thing over and over and expecting different results.
Well you've been telling everyone in the media, and I am sure on the campaign trail.. and I know politicians watch TV. (They don't gain the weight they carry by living active lives..) anyways, your basically doing the same thing these politicians are doing.
Well I as an individual appreciate it none the less. Doubt they will listen though.
Another "stimulus"? Another bunch of non-existing billions created out of thin air to be added to the deficit combined with tax CUTS so one is at least 100% certain the state wont ever see as much as a nickle back and the deficit will increase even further??
Cuts backs + TAX is what the US need. LOADS OF TAX! No tax + no state, no empire, no way to feed unemployed mouths.
Every tax on a business or corporation is a tax on you since it is put into the product as a hidden tax. If a company has to buy multiple products with other hidden taxes in the product, the consumer(you) pays the tax. The communist liars use class warfare to dupe the dupes into thinking they are not the one paying the taxes. Every product or service you buy, the consumer pays the hidden taxes so the politicians can live high off the hog.
@platipot Ron Paul. mabbe u need to focus less on the problem, actually no, just focus more on solutions. you wouldve found out more about ron paul then.
@platipot But the people who created this mess are NOT loons? Sure, let's elect some clown like Mitt Romney who will repeat every mistake of Bush/Obama and except different results. Ugh...
Please tell Congress to establish zones of opportunity, an economic center where producers and consumers can meet and swap items/services with no tax at all and no regulations at all. President Zero's name could be used for this even...give him some credit, won't hurt, eh? I understand areas of the ocean could be used for this, what they call "Seasteading" already, but for 100% economic activity. Likely, the productivity of creating new start ups ought to infuse the land economy.
I hope they give you time to speak or that there are enough on the committee prepared to volunteer their time to you...I didn't bother watching the speech because going through a laundry list is best done on paper on computer, uncluttered by rhetoric. Besides, anything short of repealing everything this administration has done and starting over is just expensive and pointless...Thanks to all my brothers and sisters in arms and thanks to guys like Mr. Schiff who had and has our back...Gods speed
Ron Paul has no hope. I say that as a fan. Ron Paul helped me switch from statist Democrat to anarcho-capitalist. But the Republicans are too stupid to embrace him. They ignore him. They snicker, roll their eyes. Or they flat out misrepresent. So forget them. And forget government. I refuse to participate. But I give Ron Paul money. Not to win. But to spread the word and wake up other Liberals with libertarian/anarchist leanings.
@anevilpettingzoo I dunno about them ignoring Paul. When I watched the last Republican debate, I noticed that the idiot Perry from the fat burning state of Texas is copying a few of his ideas.
@anevilpettingzoo Yeah, no offense but you still kinda sound a bit like a liberal trying to keep the whole Dem/Rep fight going. I wouldn't say that ALL Republicans are too stupid and won't embrace him. I'll agree that there ARE a lot of warmongering, christian, right-wing nuts out there that will always be sheep; but I could say the SAME thing about a bunch of retarded liberals that think that endless amounts of government programs are sustainable. Ron Paul supporters are coming from both sides.
@skypilot805 No government has had a fiat money system for 70 years most fail at 35 pr 40 years. We are 43 years a fiat system now. We are spending like there is no tomorrow. Get Ready.
@skypilot805 RP supporters r repubs who want to smoke pot & get laid. RP economic policy is textbook def of cap/free mrkt. but in reality-does free mrket really exist? how can it exist when humans r corrupt and a few aggressive bullies grab everything, smite the rest of "competitors", collude & prevent others from competing? every theory is great in texbook, incl. communism. in reality the only system can work which is flexible enough to employ elements of many systems as needed. it's socialism
@anevilpettingzoo Fuck the republicans. They do NOT care about America anymore. Fucking McConnell, Cantor and Boehner are ALL traitors. Ron Paul speaks the truth- he's really the only one who does- and that's why they diss him. The status quo has ruined this country. Americans seem to be asleep. That, or they're just too fucking stupid to see what the political class of assholes has done to fist-fuck the people. Americans care more about video games and texting than the state of the nation. WTF.
@Muzzy337 Like the Republicans, Ron Paul doesn't have a plan for fixing unemployment either. He and Schitthead here think we need another decade-long Great Depression to "correct" the market, because their ideology prevents them from considering any government action at all to improve the country. Our infrastructure is crumbling, our schools are falling behind the rest of the world, our dependency on fossil fuel is crippling the economy... and Ron Paul's rambling about the gold standard!
@AboveAllNations Too Big To Fail has failed. The US government is an out of control monster. Its collective lack of accountability is really the fault of the people. Voter turnout is disgraceful. Why are there no torch and pitchfork carrying mobs descending on Washington screaming for heads to roll? Americans have become sheep. They are being raped and they do nothing in response. Obama is a disgrace. At least Ron Paul knows the value of sound money. American idiot sheeple could care less.
@MaHaRushie The fucking republicans have alienated the people with their do-nothing positions. FUCK THEM. They're SUPPOSED to work for the people. Instead, their egos drive them to care more about their stupid party agenda than doing the right thing. The USA is a SHADOW of what it used to be. The country has gone straight to hell because of ignorance and stupidity.
@Muzzy337 Unless you are supporting Ron Paul for your own ego, you need to reach out and explain why Ron Paul is right. Voters are not going to come from outer space.
So, to summarise, the only jobs ever created are minimum wage jobs (basically all Schiff talked about), and that really it's wasted money because there's no such thing as the multiplier effect. Yes the tax roll needs to be changed, but in a depression you MUST increase demand in the economy. It's great how Bush managed to spend so much during boom years instead of building up surpluses though, brilliant.
CreationistsAreDumb 3 weeks ago
This has been flagged as spam show
this a great video, i found this one on chatitout (.com) website
MrChatItOut 1 month ago
This has been flagged as spam show
Support Ron Paul.
Google "Political positions of Ron Paul" And look at the Wiki links or ThePoliticalGuide
Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedoms and the separation of congress from big business for years.
He is a man who stands against the war on drugs, the foreign wars, and corporate bail outs.
Vote for liberty this year. Vote for real change.
Vote up and spread the message!
RapsAlive 2 months ago
Omg Obama is really clueless. They should make Peter president.
TWSceptic 2 months ago
Schiff needs to get a clue. The government is hoplessly broke & the only way out is hyperinflation. The system is so far gone it cannot be fixed. He is just complaining about the way other people are trying to re-arrange the deck chairs on the titanic as it sinks. He would do better to stop complaining & start positively advocating ways to save yourself, like get out of green fake fiat paper money & into food, water, guns, ammo, heirloom seeds, gold, silver, copper & land to grow food
dishesdealer417 4 months ago
@dishesdealer417 Schiff has said those things.......
YaHuWaHservant 2 months ago in playlist More videos from SchiffReport
@dishesdealer417 You idiot. he has been saying all those things for years, he also has explained many times before what needs to be done to fix the economy.
You should first do some research before posting these stupid comments about people you don't even know that well.
TWSceptic 2 months ago
None of Bush's wars were paid for either but I didn't see any of the neocon lackeys complaining about that. Only ron Paul complained equally about unpaid for spending for war profiteers & to help people raped by corporate america, the criminal banksters & their bought & paid for Politician whores.
dishesdealer417 4 months ago
This has been flagged as spam show
He designed an outrageously-priced jobs bill GUARANTEED to be REJECTED by Congress, after bankrupting America to the point we can't pay for it.
Then he blames Congress for the Economy he destroyed, right on schedule!
Jeez! What a con artist.
The White Horse is bucking him off.
eastariel 4 months ago
i cant believe ppl still fall for this bullshit republican garbage lmao
erockula 4 months ago
Interesting how Obama will go after the opposition from another party that opposes his policies, BUT NOT HIS OWN PARTY ... HUH??? Fact - Senate majority leader, Harry Reid, DEMOCRAT, said NO to allowing for a vote in the Senate. This after Senate minority leader, Mitch McConnell, REPUBLICAN, asked for a vote on the Senate floor. Question to Mr. Obama and those taking biased cheap shots at the folks who are opposing this supposed "jobs" bill - why did you not call out your own?
jgehbinv 4 months ago
.
What the hell is this guy talking about? Employing people to rebuild infrastructure creates jobs. It also invests in the future by updating schools. Another right wing lunatic
.
Someideasandstuff 4 months ago
@Someideasandstuff - really? well Obama's gospel about infrastructure sure worked well with the first stimulus didn't it? What are your source(s) for the claim that employing people to rebuild infrastructure creates jobs? Where are they getting their data from? Are these permanent jobs? I can tell you these sacred "infrastructure" jobs are not. And please, spare me the demonizing ("right wing lunatic"). Let's stick to truth and leave the name calling to the kids in elementary school.
jgehbinv 4 months ago
@Someideasandstuff
If employing people to rebuild infrastructure creates jobs, why not employ as many people as possible by letting them shovel with spoons and hammer with rocks? After all, that will create millions of jobs because they aren't using modern tools
Creating jobs for the sake of creating jobs does nothing to help the economy because it doesn't create wealth, it destroys it. I could hire a person to dig for no reason, but does that create the opportunity for future profits? No.
EliteKiller07 4 months ago in playlist More videos from SchiffReport
@EliteKiller07 are you retarded or what? Both business and society rely on infrastructure
.
Someideasandstuff 4 months ago
@Someideasandstuff
Yes, but how do we know all of those rodes and bridges will actually create future wealth? The most famous example is Alaska's Bridge to Nowhere, which was supposed to be a $400million bridge that connected to an island with only 50 inhabitants. Obviously, this bridge only would been a long-term deficit.
We ought to maintain and lease our current infrastructure, and only build where ABSOLUTELY necessarily. No need to increase our deficit more than it already is.
EliteKiller07 4 months ago
@EliteKiller07 so you don't think investing in computers to be used for teaching purposes in schools will increase the chances of success for future capitalists?
Someideasandstuff 4 months ago
@Someideasandstuff
What I think is we shouldn't increase our costs of things while running up deficits. What I believe in is competition and innovation, which go hand in hand
Second of all, many charter schools already issue laptops out to every student; I was one of those students. Charter schools allow schools to innovate because they aren't subjected to the rules and regulations. The cost per student in charters is $6500, while it's $10,700 for public, & charters end up with better grades
EliteKiller07 4 months ago
@EliteKiller07 charter schools are funded by taxes as well. Please provide the source that says charters cost $6500. Also, what state is that in?
.
Someideasandstuff 4 months ago
@Someideasandstuff
I know. My point was is if you let schools compete with each other using their own curriculums and rules, you are going to end up with better education and lower costs. Which is why I am in favor of a voucher system which gives parents the choice to choose which school they want their kid to go to. Also, I'm in favor of lifting mandates on public schools and forcing them to rely on students for funding (through vouchers), rather than the government.
I'll PM the source.
EliteKiller07 4 months ago
@EliteKiller07 you don't understand how the voucher system works. The vouchers are paid for with taxes (mainly property taxes). This way poor people are also able to get an education.
Someideasandstuff 4 months ago
@Someideasandstuff
I know how it works; the vouchers are paid with by taxes. I'm saying that it is a much better alternative than what we are doing now. The vouchers allow the parents to choose what school they want to spend that money on, be it private or public. Under the system we have now, we take people's tax dollars and only allow them to use government-run and funded schools.
This allows for maximum competition under a system where education is government-funded.
EliteKiller07 4 months ago
This has been flagged as spam show
OBAMA needs ILLEGALs to vote for him, just like ACORN, the democrats are whored out to the ILLEGALs & all the UNION jobs that cater to them. From the teachers, COPs, JAILGUARDs, these UNION jobs are what OBAMA JOBs BILL want to grow. These jobs will suck more money out of the TAX PAYER, which is already bankrupt by the first stimulus that was used to pay off the UNIONs that cause the recession to begin with. President OBAMA is the most corrupt stupid IDIOT to hold office.
UCSDEngineerDoctor 5 months ago
President Barack Obama is now the undisputed “Worst President in U.S. History.” He can place this award on his mantle next to the Nobel Peace Prize. :-(
As President, it is clear that Barack Obama is dangerously in over his head for he has no executive experience, no business experience, and no real world experience. As a Chicago community organizer, he has been thrust into the most important position in the world without the necessary skills to handle this crisis.
SOMEONE ELSE 2012! :-)
paulstrong123 5 months ago 2
This has been flagged as spam show
@paulstrong123 RON PAUL 2012
Dariuszdavi 4 months ago
This has been flagged as spam show
I wish the founding fathers could have the opportunity to respond to our current Government's policies and the state in which we are in economically. It would be exciting to watch the two debate over the Constitution and Bill of Rights.
n2ecosystems 5 months ago
I wish the founding fathers could have the opportunity to respond to our current Government's policies and the state in which we are in economically. It would be exciting to watch the two debate over the Constitution and Bill of Rights.
n2ecosystems 5 months ago
This has been flagged as spam show
Jew & Economy destroyer :
1. In 1998, Brooksley Born ( a white woman ) Chairman of CFTC wanted to regulate the derivative tradings of subprime mortgages.
2. Five ( 5 ) Jew ganged up & defeated her -- Alan Greenspan, Robert Rubin, Larry Summers, Arthur Levitt & Timothy Geithner.
3. In 2008, these subprime mortgages exploded & thousands of Americans were left homeless.
4. Watch PBS video on youtube " The Warning ". Testimony to US Congress by Ms Brooksley Born included.
Stevie68000 5 months ago
This has been flagged as spam show
Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & America - Jew
1. Goldman Sachs CEO, Lyold Blankfein - Jew
2. IMF Deputy CEO, John Lisky - Jew
3. Ex IMF CEO, Dominic Strauss - Jew
4. World Bank CEO, Robert Zoellick - Jew
5. Ex World Bank CEO, James Woolfesen - Jew
6. Fed Chairman, Ben Bernanke - Jew
7.Ex Fed Chairman, Alan Greenspan -Jew
8.Obama Treasury Secretary, Timothy Geithner -Jew
9.George Bush Treasury Secretary, Hank Paulson -Jew
Stevie68000 5 months ago
@TwiztedAnimator thanks for helping me make my point. As you've just made it clear that he's not better than the benchmarks he's supposed to be beating. If he was such a guru his clients would be making profits no matter what the economy is doing. IF your really are tapped into the pulse of the world economies you should be making money when markets go up AND when they go down. It's called being long and short....you can look that one up on wikipedia.
davebelize 5 months ago
i mean ;) americans don't know how to live and save money... ;) imagine there are ppl living in there houses on earth, having sony tv's computers, driving a car, and so on, and having a wage of 500$ ;)
poisas69 5 months ago
@poisas69 Yeah, that $25 Pawn Shop TV, the Free Computer that someone was going to throw away and the $1,000 car sure are luxuries....
TwiztedAnimator 5 months ago
went to the store today , 8 dollars for 1/2 gallon of ice cream , 7 dollars for 10 oranges in a bag...thank you bernanke.
ibelucky1 5 months ago 11
Im back peter from 6 months of depression , anxiety and international panic attacks... :-)
ibelucky1 5 months ago
Bernanke is getting ready to initate another , 400 billion of BOND BUYING Mortage backed Securities in NOV...In other words he is going to buy 400 billion of bad debt from the banks , and putting the tap on the deficit...
I still belive that they are trying to destroy the dollar so they can bring in and internatioanl currency...Look at all the products in your home , KITCHEN AID made in china , APPLE made in china . They made so much money , the ELITE want to continue.
ibelucky1 5 months ago
This has been flagged as spam show
Next HUGE moneybomb for Ron Paul will be on OCT 19th
BLACKTHISOUT . COM
qwerty94376 5 months ago
@jkessler410 Wikipedia : "In a 2002..Schiff predicted that the economic downturn triggered by the bursting of the dot-com stock market bubble would lead to a bear market likely to last "another 5 to 10 years. In November 2002, US stock indexes began a BULLl market uptrend which held steady for five years" ......performance of some of his client's accounts... clients are down anywhere from 40% to 70% in 2008." Should "righitst dipshits" elevate nurses to doctors after a few years?
davebelize 5 months ago
@davebelize
"In November 2002, US stock indexes began a BULLl market uptrend which held steady for five years'"
Schiff already addressed this. He already addressed his clients' portfolios as well. You fuckers like to pretend he didn't say anything about them because that way you can ignore the facts by pointing them out without feeling like you were utterly fucking destroyed.
itachi705 5 months ago
@davebelize "Clients are down anywhere from 40% to 70% in 2008." Along with every other investor in the World.
TwiztedAnimator 5 months ago
Brought to you by a man with a bachelors degree in accounting. This is a sales pitch from a broker. He's is not doing this out of the goodness of his heart. He's pretending to be a world class economist to promote his brokerages. Brilliant really. I would not be surprised if he aligns himself with a real economist, maybe has a debate, thereby actually gaining credentials through osmosis. He guessed right along with many other on the mortgage crisis, but even a broken clock is right once a day.
davebelize 5 months ago
Stimulus does not by you idiot, all they do is postpone the recession and in the process make it worse, that's obvious by now you clueless retard.
xMaXiMuSx 5 months ago
"exercise of mental masturbation" -schiff '11
AurynThePaladin 5 months ago 16
I am an employer and I disagree about hiring those unemployed 6 months from both sides- Obama's absurd legislation and how Schiff criticizes it. I would never hire someone whom otherwise wouldn't hire for $4,000 "rebate". If someone cannot do the job properly it will cost me at least $40,000. Also, Schiff is talking mainly how it makes no sense based on numbers, but again if a person is unemployed for 6 months, he is a jackass and doesn't make any sense all these "numbers game"
vartart99 5 months ago
Loved the video! Keep up the good work Peter!
BlackCatSaloon 5 months ago
Folks, you are listening to a sales pitch from a broker looking to get clients for his firm. He has a bachelors degree in accounting and has been riding the wave of a prediction he made based on people's work with real credentials concerning the mortgage crisis. Even a broken clock is right once a day. He talks like he's a world class economist. Would you send your kids to a witch doctor because you saw him make someone well by dancing around and foaming at the mouth?
davebelize 5 months ago
@davebelize Here is the problem with all leftist dipshits in this nation, you consider education more important than experience and results, Why don't read further into the wikipedia link you're using as a guide to back up your delusions and consider how much experience this man has in real world economics... He's been right about pretty much everything, as if it's not basic common sense that the road we are on is one that leads to nothing but pure fail.
jkessler410 5 months ago
The only way this country isnt going to go bankrupt is if we go back to the gold standard. Once everyone sees we have real money everone will want it. Made in the USA will mean something again.
MrGoldenanswer 5 months ago
This has been flagged as spam show
Obama wants to lower payroll taxes for all of us. Lower taxes for ALL...... I'm not following, why would anyone be against this??
HiddenCam 5 months ago
I wonder who reconciles President Obama's checkbook? The government is sending us off a cliff as they wave the transnational flag of DEBT! God, please help us! And, you have to be punch drunk to believe all this is paid for in advance.
I really like the fact Pete gets out there and restates his position, trying to save one more individual from the economic pyre. I wish the president could see into the future......................................................
littlebear2211 5 months ago
Peter rotten bananas don't smell that bad and certainly not as bad as Obama's plan.
batmanthe 5 months ago
This has been flagged as spam show
@SchiffReport I seen your testimony to congress in it's entirety.. Peter let me be the first to say that you are an incredible American.. You speak the truth and you do not hold back.. I want to say as an American citizen, I appreciate your absolute determination to save this country.. The way you take on the elite in Washington without backing down and going for it all.. There are allies like myself that also know the truth.. We stand by you and also fight..
SuperGuitarman69 5 months ago
@SchiffReport I seen your testimony to congress in it's entirety.. Peter let me be the first to say that you are an incredible American.. You speak the truth and you do not hold back.. I want to say as an American citizen, I appreciate your absolute determination to save this country.. The way you take on the elite in Washington without backing down and going for it all.. There are allies like myself that also know the truth.. We stand by you and also fight..
SuperGuitarman69 5 months ago
many countries are havnig a huge debt. actually many morfe countries have a bigger debt than USA. the two economic poles are USA and China and it will be like that for a long time. the only difference between USA and China is that USA spends his money on stupid things. when this country start to do smart things, it will go better. the politicians are all the same. Ron Paul is not the solution. the system has to change. Russia turned to capitalism. the USA will have to turn to communism.
MsH1h1h1h1 5 months ago
This has been flagged as spam show
President Barack Obama is now the undisputed “Worst President in U.S. History.” He can place this award on his mantle next to the Nobel Peace Prize. :-(
As President, it is clear that Barack Obama is dangerously in over his head for he has no executive experience, no business experience, and no real world experience. As a Chicago community organizer, he has been thrust into the most important position in the world without the necessary skills to handle this crisis.
SOMEONE ELSE 2012! :-)
paulstrong123 5 months ago
and here we go again, another stimulus.
MetalHeadViking 5 months ago
dont use stimulus and let the americans starve
MsH1h1h1h1 5 months ago
Constitution Day Money Bomb 9-17. Make a stand for the man who has stood for the constitution! RonPaul2012DOTcom-Pledge@ RonPaulWinsDOTcom
AmericanValues321 5 months ago
This has been flagged as spam show
Great show, check out my channel if you have time.
Ron Paul / Peter Schiff 2012!!
marcscalera 5 months ago
A stimulus by a rebranded name is still stimulus. BHO is a real slow learner. Am I the only one who wonders if he went to Harvard?
bkdmd 5 months ago
What will create jobs is to get those with all the damn money to start spending it!!! That is what an economy is about, money comes and money goes, it flows back and forth within the world. Not 1% of the people have all the money (horde) so they feel the need to print more to put into the economy. It's bullshit.
rich2rock 5 months ago
@willypdyer
Obama Tit Suckers: (I am sure this is you)
Most of Obama voters are Living off the government tit!
They are low life people that are able bodied, yet live off government assistance. I.E. Welfare, WIC, Food Stamps etc. healthy welfare recipients that are able to work but choose not to because they are satisfied with their welfare checks for doing nothing.
The people living off the government tit are the largest voter pool for the democratic party.
paulstrong123 5 months ago
This has been flagged as spam show
UNION jobs means more TAX JOBs. More government idiots that the private sector has to SUBSIDIZE, hence NO JOBs, HIGHER TAXes, & increase in INFLATION bankrupting & causing huge state deficits which caused this recession in the first place. The same policies OBAMA's stimulus 4 years ago was an EPIC FAIL. Government cannot create jobs - just look at the postal service. OBAMA is taking the same bankrupt policies the postal service used for his JOBs ACT. OBAMA is dumber than a starfish.
UCSDEngineerDoctor 5 months ago
Title should be renamed "Reaction to Obama destructive jobs speech."
stockmarketfreak 5 months ago
This has been flagged as spam show
Obama wants to lower payroll taxes for all of us. Lower taxes for all - I'm not getting it, why would anyone be against this??
HiddenCam 5 months ago
What we do is: Tax all the rich for the next 10 years for what they have taken, They pay us. and get rid of lobbyist.NOW!
Uniqui7 5 months ago
@Uniqui7 If you took every dime of what the "evil rich people" have it would not pay off the debt.
ConstitutionTV 5 months ago
Yay peter! Give those political dummies hell today!
shonshonacg 5 months ago
Hi all
I'm British (so not familiar with the set up over there), and I was just wondering if this testimony Peter mentions will be televised and if we'll be able to see it?
ralliart2000 5 months ago
@ralliart2000 knowing the way our media is, I doubt it. Our media is so liberal they will protect B.O. to no end from having people like Peter coming out telling the truth
QuoEstVeritasEh 5 months ago
my friends and I played a drinking game durin gthe speech. Anytime the root words; jobs, employment, work were mentioned, you had to take a swig.
I finished five beers.
ourmanthejoker 5 months ago
HOW do we listen to peter in front of Congress tomorrow??
lovethepirk 5 months ago
Don't try to figure Obama's plan out. Just "pass it and pass it right away". He sounded like a real clown. I guess he's trying to shove it down our throats like Obamacare.
Obummer is taking his act on the road. With the mantra that there is nothing controversial in this bill so pass it right away.
He must have taken a page out of Pelosi's playbook.
MaHaRushie 5 months ago
Peter, I don't understand the section about the incentive disincentive to hire / fire 6 month unemployed section.
shakaama 5 months ago
MR END OF THE WORLD " YOU LOOK LIKE A NICE MAN /GUY I HAD SEEN YOU NOW MORE THAN #10 TIMES CAN YOU STOP TAKING DOM CAN YOU SAY SOME THING NICE AMERICAN WANTS TO BE TALK UP NOT DOWN EVERY TIME YOU OPEN YOUR FACE " COME ON GUY SAY SOME THING GOOD " PLEASE "
stonethugmusic 5 months ago
This has been flagged as spam show
the Job creation is paid for by your children, just like any other stimulus.
OBAMA will be known as STIMULUS ERECTUS
the walking stimulus
racenemo 5 months ago
the Job creation is paid for by your children, just like any other stimulus.
OBAMA will be known as STIMULUS ERECTUS
the walking stimulus
racenemo 5 months ago 17
@racenemo For some reason, your great statement reminds me of that Ian Drury song "Spasticus Austicicus." Obama's "jobs" program is spastic all right.
efrem1 5 months ago
@efrem1
Ian Dury and the Blockheads, way back in the time where money was worth some metal
racenemo 5 months ago
@efrem1
The only difference will be that Ian followed up with "Reasons to be cheerful" Part 1 and 2
as my memory recalls
racenemo 5 months ago
I'm going to start a business and hire wounded warriors. Well at least for 6 months.
jonldavis 5 months ago
I'll take any tax cut, any times.
pismo10 5 months ago
I don't think that you've mentioned one bad unintended consequence and that is that some businesses will fire current employees so they can hire long term unemployed workers and get the tax credits, resulting in a mere a shuffling of employees rather than real job growth.
penguinistas 5 months ago
jobs are not going to work people that make $60,000 a yr have $60 dollars in the
bank and are broke and in debt
sha370z 5 months ago
report card for housing F
sha370z 5 months ago
Peter Schiff is the definition of a broken clock.
Foreverclever87 5 months ago
Rotten bananas don't stink that bad, therefor, your whole point is moot.
eshannonct 5 months ago
@XESTISS Why do you libtard trolls feel the need to enlighten people on the glories of failed socialism - insult everyone that disagrees with you. Either you are on the government payroll or you're a commie is my guess.
jeffmonc2 5 months ago
@jeffmonc2 Well if I am on Govt payroll you must be for the Banksters and corporate american payroll trying to screw the middle class. But we know what the truth is your just an idiot that doesn't know WTF he is arguing for And I am one of the 90% of sane people in America!
XESTISS 5 months ago
@jeffmonc2 O Yea and I am a troll because I use Logic! That is a true statement since you live in a fantasy world where the Dollar was Hyper inflated, The US Collapsed and Big Govt is laughing while they drink their fine wine and eat Cheese. IDIOT!
XESTISS 5 months ago
@XESTISS - there are good corporations - those that can stand on their own two feet and don't take government money - and there are bad corporations those that use the government to get money. Punish the bad and get out the way of the good - in stead of the other way around like you want.
jeffmonc2 5 months ago
'Everything the government does is bad, just do nothing and the private market genie will fix everything'.
That statement right there says it all. you are all nuts.
On the one hand you cry and scream Don't bail out Big companies on the other hand let the Big companies fix the Economy!
The Dollar will collapse! How many years you been saying this shit? Every Year you defend your idiotic arguments with better luck next year!
You don't even know what your arguing about anymore. your all crazy
XESTISS 5 months ago
@XESTISS You're nuts - this was tried all before and it didn't work and half the money disappeared into Democratic donors pockets. Socialist had their chance for "change" - see how that worked out.
jeffmonc2 5 months ago
@jeffmonc2 You my friend are an idiot of MEGA proportion. A Champion of ignorance.
How do you know it didn't work? Try to comparing it to the Alternative Moron!
The Key word you said here is "TRY"! If you are sick you don't say I took the medicine it didn't work Fuck it! I will wait and Die! But then again you follow Peter follower so you might be that fucken stupid! But any way let's pretend your not that dumb! You would try other Drugs or have a surgery. That is what WE sane people do.
XESTISS 5 months ago
@jeffmonc2 So tell me Billy Bob you hate Govt & Big Companies but you think Big Companies will fix our problems right? How does that work exactly?? You hate Republican, Democratic Capitalism and of course socialism as you stated But like Ron Paul who is for "Limited Govt" Therefore by default you and he are for Big Companies. But you don't want them to be bailed out. .And you want Gold std as if you could not debase that currency because it has magical powers! Explain that to me cause i am Nuts!
XESTISS 5 months ago
Exactly - government can only do so much - government is not clever - it is a stupid beast. It can't invent anything or solve problems - it can only move money around (at great expense). The best solution is just to let the system work the sickness out itself - it should get out of the way until it does.
jeffmonc2 5 months ago
Some people think the government is out to get us. I just think they are stupid
CoryThe411 5 months ago
Ron Paul is the only answer for America. Not because he has all the answers but because he would shake things up in the White House and thats what we NEED!!! Im becoming a republican so I can vote for him in the primaries.
CoryThe411 5 months ago
Phildecorolis needs to record the congress testimony.
DontMeanWell 5 months ago
Most of the "stimulus" is tax cuts not spending why are you against tax cuts for the middle class
wisebbq1 5 months ago
@wisebbq1 Because they are all NUTS! That why. They want the US to collapse and destroy government! They Believe that Corporate America will fix everything but at the same time they hate them! They don't want the rich to pay more taxes only the middle class. If you can figure these morons out let me know.
XESTISS 5 months ago
BUSH WAS CORRUPT, OBAMA IS BUSHES BROTHER
CAN WE GET SOME KIDS? OR AT LEAST GRANDPA PAUL
christmasdnc 5 months ago
Ron Paul won in my election.
flyinbry 5 months ago
Obama isn't idiot , he just lost . I think he understand that stimulus not working , but he can't stop (insanity)
lilidk6150 5 months ago
This has been flagged as spam show
Ron Paul WILL win if we vote in the primary. If you want to vote for Ron Paul in the primary, (in many states) YOU HAVE TO BE REGISTERED AS A REPUBLICAN and BE REGISTERED 3 MONTHS in advance of the primary or you will NOT be allowed to vote.
IF DR PAUL LOSES PRIMARY, NO ELECTION.
THANKS and please spread this.
Gooodwitch 5 months ago
"Exercise of Mental Masturbation" LOL
MatM926 5 months ago
RON PAUL
THEoBANANAoBIRD 5 months ago
Obama is an idiot.
Muzzy337 5 months ago
@Muzzy337 True. Obama is not a great president. But he's the smartest choice for now. The actual republican candidates are a disgrace to the U.S.
MrG0TH1ER 5 months ago
@MrG0TH1ER The entire system is one giant clusterfuck. Privatized profits, socialized losses, cronie capitalism, corruption, favoritism, corporate malfeasance, incompetence, lack of accountability... the fucking list goes on and on. Flush the entire turd down the toilet and start over. Obama is a loser. More failure heaped upon a long losing streak. The country needs a leader, not a blind as a bat imbecile.
Enough already.
Muzzy337 5 months ago
@Muzzy337 I agree 100% with you. My point was to make sure people wouldn't turn to the repulican for the change they are looking for. It would be even worst.
I think it would be good for the U.S. to have a left wing party. Right now there's none (in the major league).
MrG0TH1ER 5 months ago
You need better lighting on the backdrop. It's very drab.
qwertypipe 5 months ago
SHORT--TRUE STATEMENT
The Navy SEALS removed one Muslim threat to America.
It's up to the voters to remove the other!
1820sept 5 months ago
@1820sept LOL what a moron you and your conspiracies you sound like the pro Palin tea baggers.
jezza1789 5 months ago
Good-luck on Tuesday!! That's an encouraging sign!
Tonya229 5 months ago
Obama wants to lower payroll taxes for all of us. Lower taxes for all- I'm not getting it, why would anyone be against this.
HiddenCam 5 months ago
to get the USA working just buy USA goods!!
boucher63 5 months ago
@boucher63 Yeah, it's that simple. The problem is that we don't manufacturer near as much as we used to. Why is that? Tax and regulatory systems. A fiat currency that is constantly debased, which punishes savers. Artificially low interest rates create credit bubbles where labor and capital are misallocated. The Federal Reserve artificially lowers interest rates by creating credit money out of nothing. It distorts everything. There is no saved capital available for investment as a result.
joepeeler34 5 months ago
@joepeeler34 "The problem is that we don't manufacturer near as much as we used to."
Yea those kick ass jobs that pay a $1 a day are all over seas darn it! That's what the problem is. Yeaa!!!!
"Artificially low interest rates"
Yea the are sooo Artificial!!! Hey why doesn't Europe "Artificially" lower rates say from 50% on the 2 year bond to about 0.5%? Uh? How does that sound smart guy? O $hit Wait! They are not Artificially manipulated, are they? They are set by the Free market! WOW! CRAZY!
Minethis1 5 months ago
@Minethis1 Manufacturing jobs pay a lot better than serv. sector jobs.
The ECB is keeping rates artificially low in some EU member states by buying their bonds. See Italy and Spain.
When central banks buy bonds with money created out of nothing there is a large buyer of govt. debt in the market. This will keep rates lower than they would otherwise be.
Central banks "target" interest rates. That ain't a free market in rates. However, market will override the central bankers in the end.
joepeeler34 5 months ago
@joepeeler34 "However, market will override the central bankers in the end." EXACTLY! Now your are FINALLY but slowly starting to get it! Hallelujah!!!
"Central banks "target" interest rates."
For WHO do they set Target Rates?? BANK BORROWING! That has NOTHING to do with the FREE MARKET RATES!
Buying our Own Debt is like having 2 credit cards With 5k of debt each and getting a 3rd CC for another 5k to pay 2500k on the 1st two Credit cards! You Still owe 10K. There is NO Increase in TT Debt!!
Minethis1 5 months ago
Peter you have no ideas to get employment up so that is that. Easy to criticize others. I am sure you would have criticized FDR too! :) S
StyngRay1 5 months ago
This has been flagged as spam show
Stimulus Part 2 - Double Down on Stupid.
ChimpBama 5 months ago
Stimulus Part 2 - Double Down on Stupid.
ChimpBama 5 months ago
QUESTION: some people are saying that gold/silver is a bubble. What exactly are your ideas on gold and silver. Do you recommend selling before supposed bubble bursts?
15089643 5 months ago
@15089643 Gold and silver are not in a bubble. Buy more on the down days.
baracalypse 5 months ago
@15089643 peter schiff recommends buying gold so its kinda biased lol...
MrBigEnchilada 5 months ago
@MrBigEnchilada That's like saying I'm biased against suicide because I am alive. Schiff can invest his money where he likes. No one is telling him where to park it. Either the force of his logic compels you to agree or it doesn't. Implying that he is conning people simply because he puts his money where his mouth is isn't a refutation.
joepeeler34 5 months ago
Thanks Peter, It's always refreshing to hear the truth even though it hurts to hear...
Evan20008 5 months ago
masturbation? Am I right?
kessass83 5 months ago
9/11 wasn't on a sunday in 2001
jcvjcvjcvjcv 5 months ago
sound is too low
rothschilds666 5 months ago 2
Well Mr.Schiff... you said the definition of insanity is doing the same thing over and over and expecting different results.
Well you've been telling everyone in the media, and I am sure on the campaign trail.. and I know politicians watch TV. (They don't gain the weight they carry by living active lives..) anyways, your basically doing the same thing these politicians are doing.
Well I as an individual appreciate it none the less. Doubt they will listen though.
MRSketch09 5 months ago
Another "stimulus"? Another bunch of non-existing billions created out of thin air to be added to the deficit combined with tax CUTS so one is at least 100% certain the state wont ever see as much as a nickle back and the deficit will increase even further??
Cuts backs + TAX is what the US need. LOADS OF TAX! No tax + no state, no empire, no way to feed unemployed mouths.
Even the Romans understood that much.
Efteling4Ever 5 months ago
Peter, if you were offered Treasury Secretary would you take the position?
burtonh1 5 months ago
I sure hope Congress pays attention to you Peter, chances are they won't though.
burtonh1 5 months ago
Every tax on a business or corporation is a tax on you since it is put into the product as a hidden tax. If a company has to buy multiple products with other hidden taxes in the product, the consumer(you) pays the tax. The communist liars use class warfare to dupe the dupes into thinking they are not the one paying the taxes. Every product or service you buy, the consumer pays the hidden taxes so the politicians can live high off the hog.
sexydarin1 5 months ago
The only crazies i see are the ones in office now.
sexydarin1 5 months ago
@mbburch06
people who created this mess are NOT loons. They are dirty assholes.
I see nobody yet who needs to be elected. Sad.
platipot 5 months ago 6
@platipot Ron Paul. mabbe u need to focus less on the problem, actually no, just focus more on solutions. you wouldve found out more about ron paul then.
theeonionbagel 5 months ago
You guys are loones.
Paul is one good man. But he's no business being President
platipot 5 months ago
@platipot But the people who created this mess are NOT loons? Sure, let's elect some clown like Mitt Romney who will repeat every mistake of Bush/Obama and except different results. Ugh...
mbburch06 5 months ago
Please tell Congress to establish zones of opportunity, an economic center where producers and consumers can meet and swap items/services with no tax at all and no regulations at all. President Zero's name could be used for this even...give him some credit, won't hurt, eh? I understand areas of the ocean could be used for this, what they call "Seasteading" already, but for 100% economic activity. Likely, the productivity of creating new start ups ought to infuse the land economy.
powergirl901 5 months ago
That tax credit idea is insane. So much manipulation. Why can't the leave the fuck alone?
lgarvey 5 months ago
15 dislikes = 15 braindead
djono123 5 months ago 2
I hope they give you time to speak or that there are enough on the committee prepared to volunteer their time to you...I didn't bother watching the speech because going through a laundry list is best done on paper on computer, uncluttered by rhetoric. Besides, anything short of repealing everything this administration has done and starting over is just expensive and pointless...Thanks to all my brothers and sisters in arms and thanks to guys like Mr. Schiff who had and has our back...Gods speed
imataxslave 5 months ago
Schiff in congress !!!!!!!!!!!! Hell yeah
Voy2378 5 months ago
@Voy2378 And then what? Everything will be fixed?
ornelas3830 5 months ago
@ornelas3830
No, but it is a progress. I know things seem bad and they are but imagine if Ron didnt run in 2008. It would be a lot worse...
Voy2378 5 months ago
Ahaha.... Peter's going to tear congress a new one.
ConnacherOil 5 months ago
@ConnacherOil I wonder if that's being televised maybe on cspan .
jimeast2 5 months ago
I REALLY REALLY want to see that congress meeting on tuesday!!
string22 5 months ago
hurr hurr
Peter said "masturbation".
Derp!
LordDyhalto 5 months ago
Ron Paul has no hope. I say that as a fan. Ron Paul helped me switch from statist Democrat to anarcho-capitalist. But the Republicans are too stupid to embrace him. They ignore him. They snicker, roll their eyes. Or they flat out misrepresent. So forget them. And forget government. I refuse to participate. But I give Ron Paul money. Not to win. But to spread the word and wake up other Liberals with libertarian/anarchist leanings.
anevilpettingzoo 5 months ago 13
@anevilpettingzoo I dunno about them ignoring Paul. When I watched the last Republican debate, I noticed that the idiot Perry from the fat burning state of Texas is copying a few of his ideas.
Romulan112 5 months ago
@anevilpettingzoo Yeah, no offense but you still kinda sound a bit like a liberal trying to keep the whole Dem/Rep fight going. I wouldn't say that ALL Republicans are too stupid and won't embrace him. I'll agree that there ARE a lot of warmongering, christian, right-wing nuts out there that will always be sheep; but I could say the SAME thing about a bunch of retarded liberals that think that endless amounts of government programs are sustainable. Ron Paul supporters are coming from both sides.
skypilot805 5 months ago 13
Comment removed
SidneyBou 5 months ago
@skypilot805 No government has had a fiat money system for 70 years most fail at 35 pr 40 years. We are 43 years a fiat system now. We are spending like there is no tomorrow. Get Ready.
SidneyBou 5 months ago
@skypilot805 RP supporters r repubs who want to smoke pot & get laid. RP economic policy is textbook def of cap/free mrkt. but in reality-does free mrket really exist? how can it exist when humans r corrupt and a few aggressive bullies grab everything, smite the rest of "competitors", collude & prevent others from competing? every theory is great in texbook, incl. communism. in reality the only system can work which is flexible enough to employ elements of many systems as needed. it's socialism
mehti61 5 months ago
@anevilpettingzoo right on buddy!
spol07 5 months ago
@anevilpettingzoo Fuck the republicans. They do NOT care about America anymore. Fucking McConnell, Cantor and Boehner are ALL traitors. Ron Paul speaks the truth- he's really the only one who does- and that's why they diss him. The status quo has ruined this country. Americans seem to be asleep. That, or they're just too fucking stupid to see what the political class of assholes has done to fist-fuck the people. Americans care more about video games and texting than the state of the nation. WTF.
Muzzy337 5 months ago
@Muzzy337 Like the Republicans, Ron Paul doesn't have a plan for fixing unemployment either. He and Schitthead here think we need another decade-long Great Depression to "correct" the market, because their ideology prevents them from considering any government action at all to improve the country. Our infrastructure is crumbling, our schools are falling behind the rest of the world, our dependency on fossil fuel is crippling the economy... and Ron Paul's rambling about the gold standard!
AboveAllNations 5 months ago
@AboveAllNations Too Big To Fail has failed. The US government is an out of control monster. Its collective lack of accountability is really the fault of the people. Voter turnout is disgraceful. Why are there no torch and pitchfork carrying mobs descending on Washington screaming for heads to roll? Americans have become sheep. They are being raped and they do nothing in response. Obama is a disgrace. At least Ron Paul knows the value of sound money. American idiot sheeple could care less.
Muzzy337 5 months ago
@Muzzy337 I wouldn't alienate the Republicans with arrogant name calling though. They are more likely than Dems to come around to Paul's ideas.
If you really want Paul to get elected where do you think votes will come from??? Most will probably be ex-Republicans and independents.
I support Paul and I was once a loyal Republican.
MaHaRushie 5 months ago
@MaHaRushie The fucking republicans have alienated the people with their do-nothing positions. FUCK THEM. They're SUPPOSED to work for the people. Instead, their egos drive them to care more about their stupid party agenda than doing the right thing. The USA is a SHADOW of what it used to be. The country has gone straight to hell because of ignorance and stupidity.
Muzzy337 5 months ago
@Muzzy337 Unless you are supporting Ron Paul for your own ego, you need to reach out and explain why Ron Paul is right. Voters are not going to come from outer space.
MaHaRushie 5 months ago