Health Insurance should be paid by higher taxes. Everyone should be covered. Call it socialism or what you want. It is the right thing and it makes perfect economical sense. thats the only way the cost is going to go down.
Give me one example of government reducing the cost of anything.
and if you can give an example, the trade off for cheap price is always quality and efficiency. So, great. I get worse quality of care and less efficient health care so some people have at least some health care. Sounds fair.
If government had never entered into health care with subsidies including Medicare, health care would cheap enough for the vast majority of the population to pay out of pocket for those services.
@Luvanicebum Very true. See people don't beleive this when I say things like this to them. I get called all kinds of names like racist or I don't care about the poor blah blah blah. But then I tell them go to your vet and see how much it costs for your dog. Thats the type of prices YOU could be paying if the government would just stay the fuck out of it and let doctors advertise prices and compete state to state.
Look at Lasik surgery and cosmetic surgery. Since they're introduction into our culture, they have both progressed by leaps and bounds while also becoming more affordable.
One concept that may also elude people is that frivolous lawsuits against both doctors and manufacturers has become commonplace, often paying out perverse financial settlements and is threatening their very existence. So, government and insurance gets involved..cha ching!
Good example but what do you say to UPS and FED Ex and other shipping services. They are not even comparable to United Postal Services Service and Cost. I am amased people claiming government run enterprises do not work when you have UPS, DMV, FBI, CIA and our military doing such great job in providing cost efective services. I am sure most of us were schooled at public schools and proud of it.
There is no exclusively proper form of governance for everybody. I'm 80% Libertarian, 10% Republican, 5% Democrat and 5% Don't give a shit.
We definitely need some socialized organizations to help of large population facilitation to protect life, liberty and the pursuit of happiness. Ie. Fire Department, Limited Police, more effective FBI and SEC.
Post office? nope. Department of Education? nope
IRS? definitely nope. I could go on for hours.....
I am not American (girlfriend is) and I am not living there either. You know.. less regulation certainly is a thing that should be considered. Leave regulation to the States instead of to Washington.
Socialized medicine should indeed be established. And I don't mean "Obamacare" (which is a joke) but genuine socialized medicine. French style. But establishing that should be left to the States.
For the rest- the departments should be shrunk dramatically. AMTRAK and the US Post broken up and privatized. The armed forces repatriated and shrunk dramatically. The Federal Reserve should be nationalized and placed under Congress. And a full inquiry into the dealings of these clowns should be launched.
If you want to see something scary look at a chart of home prices for Beverly Hills CA. Most still have million dollar or better status but a surprising amount are being sold for about the price of a cheap car! To me that spells trouble.
i like that rock i give u this turtle for that rock...ok me can use turtle shell to smash snails open with, so u can have rock for this...ok me ty...u got rock for pet now...and now i got pet and snail shell cracker in one...tradeing makes sense to me cave man and me friend...i dont know why he have sex with rocks tho...but whatever floats yoru boat right?...wait what is boat? can you make a morgage float on water?
eg: my uncle had back problem. He was told he will have to wait min 6 mths (waiting list) for an invasive (& dated) procedure. After which he will be out of work for 3 months for recovery. Total 9 months of pain, discomfort, no work.
Chooses to go to FLA and pay. Gets MRI same day, then in hospital later that day. Has non invasive surgery (a procedure not available here due to cost), and required 2 weeks of recovery...on a beach
That's what I say but one critic of that reasoning (who supposedly once worked in the insurance industry) said that if someone doesn't have insurance and they have to pay out of pocket they can get on a payment plan with the hospital and they would charge them less than they would charge an insurance company (just because they can.) I still think that's b.s.
I can't see monthly payments for extended stays in the hospital for complicated surgeries or leukemia treatments being lower than monthly insurance premiums but what do I know? Then again, how many insurance companies drop you or cut off your coverage at a certain level anyway these days leaving you to pay for the rest out of pocket?
Car insurance is for replacing your car, other car, or injuries you cause. Health insurance isn't really insurance at all because you can't get a new body like you can get a new car.
Every 7th grade consumer economics class covers this.
I agree with your point, but no 100%. We need to be able to buy catastrophic health insurance only. You can't get that in any state because of all of the state mandates on what has to be covered...many not catastrophic events.
If the US adopts a version of healthcare similar to Canada; then where will we Canadians go if we don't want to wait in extremely long lines, or want advanced procedures not offered here due to costs?
Where will our politicians go for their healthcare?
I live in America and every time I go to the hospital for some non-life threatening emergency, I wait at least four to six, or sometimes eight hours in the waiting room. Everyone I talk to has the same experience.
I like Peter Schiff's view on almost everything. But I simply cannot agree with him on health care.
Health care is not optional, and involving the free market causes immense suffering for people who have medical conditions through no fault of their own.
Then health care costs will continue to rise until it no one can afford it!
Lasik surgery - price goes down every year - free market, no insurance involvment.
contact lens - price goes down every year - free market, no insurance involvement.
In healthcare, we don't have insurance, we have socialized paying. Just think if everything you did to your car was paid for by your car insurance. Even routine maintainance like oil changes and flat or poor tires? The rates would be extreme.
The price of health insurance will continue to have very high annual increases. With the new Obamacare plan, the price will go up even faster and they will start RATIONING, because the GOV will not have enough money to pay for it.
I think we can all agree that Obama's plan is useless. Fully nationalized systems elsewhere are FAR cheaper than ours, and while they don't supply healthcare as quickly, they do supply it more EQUALLY, which I think is the key point.
I think it is interesting that you brought up the point about it not being optional, but neither is food. We often need both food and health care. Why not increase food stamps? Communize the farms? Some people would argue that, but I think it is the consistent capitalist that says we keep both private, in the free market.
I bet the Fanny message is bogus. Who wants to bet the stop "interest only" loans, but still allow 1% down, 2% down, 3% down and so forth. In fact, the tax-credit "rebate" is about 3%, so allowing a down payment of 3% is the same as "interest only".
Return to a minimum of 20% down payment (AKA "conforming"), and within two years the real-estate market will totally heal... after prices collapse to appropriate levels, which is what is needed to naturally stimulate buying.
Markets are rallying on a Greece bailout?? WTF the markets should rally for NO bailout at all!!! What is that going to show others? It's ok to be illresponsible just have someone else give you their money..
interest only mortgage was an insane idea from the begining , who even takes that kind of a mortgage ? I guess people who don't understand finanse and economics.
Gosh, golly, gee-whiz, Peter, these bamkers and politicians are just SO INCOMPETENT (no conspiracy to destroy us though, just incompetent). TELL THE TRUTH, PETER. These guys are sadistic criminals and they are destroying this country ON PURPOSE. Just SAY IT, Peter!
I agree with you. Other countries have universal healthcare, unemployment benefits and they do a good job. Note: they don't have an Industrial War Complex and they have smaller Govt's. A point less talked about is the many rules the Govt. places on it citizens in these countries. There is some trade off.
Netherlands, Denmark, Sweden, Norway, Finland. All have the best healthcare, are happier about healthcare, it's proven to be cheaper, more effective and it is universal coverage. It is free market with government buying insurance for all and you can buy extra if you want. The basis is already full coverage but if you want dentist and all that stuff you sign up for a little extra. There is still competition between firms and hospitals it's just bought collectively.
look if you dont want dental, physiotherapy, free transportation to the medical facilities and everything else besides life threatening conditions. Than yes you can opt out of all of that. However you do still pay for your minimal insurance....for example you get hit by a car and are bleeding and everything or broke your leg. You must pay healthcare insurance for basic services as that. That is payed collectively through tax. You don't pay when you break your leg. Logical right?
It is appropriate--I dunno about logical--that you wouldn't pay for a fixed broken leg if your taxes paid for healthcare. But the premise is flawed; if I were permitted to KEEP my money and the gov't stopped regulating doctors & healthcare there wouldn't be a need for gov't assistance.
I can't opt out, you say I'd still pay a basic insurance with my taxes. If I don't pay taxes because the gov't's at war, criminal or whatever, they will come armed to my house and imprison me. Sound fair to you?
How can there be economic growth without people who can afford to purchase from additional production? I do not see how a significant lag there can be, with honest economic growth unless there is a near simultaneous increase in general prosperity...so maybe everyone gets free land deeds from the gov't, economy would grow without jobs increasing. This is how I see it at least, have you seen this situation (economic 'growth' with lagging employment) outside of a stimulus?
I didn't say that there was economical growth. He said that the economy wasn't getting better indicative of job growth and i said that no one can use job growth as an economical indicator because it lags econ. growth. lagging employment has occurred in every recession by the way.
Pre-FED? Sorry if I misunderstood you. But I agree, job growth alone is a sorely poor indicator, as is GDP or other number without context and make-up available.
it is appropiate and thats why I called it logical. For when things are appropiate they should be implemented.
You can't opt out as it is universal healthcare, and when you government comes armed to the gritt to your frontdoor for not paying taxes because you have no job or whatever it means your government has gone rampant and is corrupt. That has nothing to do with healthcare. It's not like europe is in some totalitarian regime because of healthcare. GET OVER IT! it works!
Be careful about how your argument is framed! You're talking about automatic deductions of income taxes from your pay; what if I'm self-employed? Furthermore, any income tax gives the government control over your ENTIRE INCOME, if the rate is 45%, the government is permitting you to keep 55% of what you earned...and they can of course take it all away if they want. So if you mandatorily tithe, yes healthcare is absolutely part of this totalitarianism.
And your healthcare doesn't work precisely for the reason that it does not help the sick. For when you are sick you cannot work. When you cannot work you cannot earn money. When you dont earn money you cant pay for your healthcare. You get more sick and you die. Yes that is rooting out the weak and letting the strong live like a true meritocratic or darwinian society. I strive for utopia not killing off the weak in our society like we have done in the past. That is silent genocide.
Your system proposes mandatory group savings, which are then administered by beauracrats. I advocate the government retracting its restrictions on business, so everyday people can assume roles in their community our brainwashed population look to multinationals to fill currently. Keep all of your income and save, and have enough left over to give to your community hospital and charities. We must remove pressure on doctors etc so they can treat people
While the government taxes people it doesnt actualy tax them. It just attaches a mandatory insurance to you. Which firm you choose to get this insurance from is up to you. So there is competition even there.
Does the insurance company set what I pay, or does the government? What happens if I refuse to buy insurance, then what? Can communities form their own insurance or similiar institutions? If you are out of work or whatever, how do you get coverage if you only pay private insurance companies?? If it's not a tax, as you say, who actually does the paying/price negotiating?
I will add, that you're 110% right our current healthcare system doesn't work. But before the 1960's when our politicians decided we needed a 'healthcare system', doctors visits where a few dollars because patients couldn't afford more than that. The US gov't stepped in however with pricing sheets and all the rest and the guarenteed funds ruined it for everyone else. So yes indeed, our system is broken, but socialized medicene is far worse (PS I live in Australia, and had my appendix out here)
Again, universal healthcare works better overall. I'm not saying every form of universal healthcare is awesome. Look at africa, some countries have universal healthcare, others have no rules whatsoever. In both cases universal and free healthcare SUCK ASS. I'm just saying if you look at the healthcare system around the world which do work. You'll find universal healthcare 9 out of 10 times. And you are thinking of nostalgia when doctors werent specialised and people didnt bitch about a cold.
If you're talking about the government forcing citizens to purchase insurance, you're talking about creating a cartel citizens cannot escape from. If you're talking about the government creating it's own healthcare coffers and controlling things top-down, you're talking about quakery. The thread underlining both is INFLATION, guaranteed funds to the health industry mean prices will fluctuate out of step with the general economy, largely responsible for creating the problems you're talking about
Alright screw it, you obviously just don't want to pay for healthcare. You don't care if an orphan gets sick and can't get cured. You just don't care because free market can solve everything. Yes poverty would not exist with a free market. Prices would plummet. Houses would become almost free. Teachers don't need money they take the smiles of their children for pay....DUDE! Get real. The reason doctors were cheap in the 50's is cause they COULDNT cure you alot of times. Just too bad for u.
lol there is still no cure for the cold man!! My GP back in PA paid in excess of $200,000/year for her practice's insurance. If she saw 4 patients an hour 8 hours a day 5 days a week 50 weeks a year--which would be a LOT--each patient's visit would need to be at least $25 *just to cover insurance*!
The free market allocates resources (like skilled labor) efficiently, and integrates them into the economical contexts they serve best. Medical technology advances and prices go DOWN Brutus!!
If the orphanage can't afford health care, see my previous post. Poverty is by choice in a free market; in a free market anyone can offer their services to anyone, without intrusion by the government. Without legal tender laws and income taxes, people would have a complete choice on where to live: and people of your mind, who want to force people to buy insurance, can set up your own community and do just that!! I hope you and I can help restrain national gov'ts, much good would come of this
you can't offer your services if you are sick. Have you already forgotten that? Sick means no work. No work means no pay. No pay means no healthcare. Means no cure to your ilness. You are either stupid or just don't care about people that get sick because not everyone can frickin offer their services. Not only that even if the parents were to lame to get a proper job that should not influence a kids life. But oh no mister here says the kid will just have to work at age 3 and pay his own insuranc
no no no! "No work means no pay" is an economic distortion; if we had a real economy of individuals trading goods and services freely amongst eachother, without gov't burdens, employers can afford sick pay and paid leave and why not deals with doctors' offices? The gov't distorts what is beneficial and not, they lower the interest rates so NO ONE CAN SAVE, do oyu understand Brutus? Your "solution" is to a problem the gov't created!! Without the gov't interfering, sick people get taken care of
Alright you got it wrong untill you talked about interest rates. That part is true and governments do that on purpose to keep the economy rolling and making sure you don't get rich by just saving money on your bank as an ordinary citizen.
And sir again, a real free market economy can be found in somalia. It is no pleasure being there. No government also means no protection or order. You are thinking of a nostalgic utopia that never existed. Again how is my orphan gonne get cured in ur system?
Because people like you are too chicken shit about taking care of themselves than allowing yourself to be self sufficient.
Freedom means that some people prosper and some people fail....the way of nature. The major problem is everyone wants to win, so we enable a system that actually causes only a few to win and the vast majority to lose. Opportunity is gone in this country and it's really because the average American got spoiled and lazy.
That is rediculous. Humans create their own environment. By your anology it is their right to make you poor because they are obviously more succesfull and you are not. You want to win by changing the environment and skewing it in your favour. I wish to skew it in everyone's favour. You're birth should not effect how well of an education you can get, how well the doctors will treat you or how much happiness you are entitled to in life. What you do with your life and what you succeed is up to you.
But alteast create an environment where everyone has an equal start and chance of making the best for themselves.
In herzogbuick's nostalgic vision there is no room for orphans or displaced persons through no cause of their own. It is a vision of nostalgia where doctors couldn't treat you alot of times so you couldn't be cured and need not pay then so ofcourse its cheap. And since the founding of america 75% of all wealth has ALWAYS been INHERITED. It's a myth, the american dream.
I disagree. I think the roll of government is protecting citizen's liberty by prosecuting those who infringe it, and by promoting free exchange through setting of standards, measures, and I think something not unlike a patent/copyright office, for entities to register claims. People WOULD take care of themselves, not because the system requires it (there will still be charities and communities can choose socialism) but because our system gives people self-worth, which in general cures depression
The customs in Somalia and the Horn region are older than the Magna Carta, and they successfully fought the British for decades, on several ocassions. Have you been there? Have you tasted their sweet ass crops?
Stress makes normally honest people lie, cheat and steal. cheat and lie. So how do you unstress people? By letting them run their own lives, no forced tithings. All this, if you're so positive universal healthcare is awesome, why not let people opt-out Brutus??
What the crowd seem to miss now is that one can't devalue their own currency when its only metric is that relative to others engaging in precisely the same tactic. In other words, perhaps Hugh Hendry's bet will pay off.
The media talks about how the Banksters have payed back all the TARP money. The truth is the TARP bill only accounted for 2% of the money lent out. $23.8 trillion is the real figure. Thats $75,000 for each of the 300million americans....That would have stimulated things!
I don't quite understand what you are trying to say.
Also, chinese quality is very questionable. Chinese made computers, at least the cheap ones, are made really cheap. The keyboards and mice suck and are flimsy and impossible to type on. You feel like you are typing on a sponge. The PS suck, mtbf is way down.
I want to see a comprehensive analysis of healthcare prices. For instance, I am curious about the cause and effect relationship of price fixing in Medicare - I don't get Medicare, but I heard recently from a doctor that it requires doctors and other providers to accept a lower price and as a result they have to raise prices for other people that don't have Medicare. This might be just one example, but there has to be more, as price fixing is the only thing any government can ever do.
Has anyone heard a rumor that the Govt. wants to get into {our} 401K's? Imagine if they managed YOUR investment portfolio?? {Would the last person leaving the United States please turn out the lights}
Is the gov. running a 50 year long Ponzi scheme, well of course. All the gov. trust funds are broke, that said we cannot just get out of the scheme. Millions of folks now depend on gov. checks each month.Quickly unwinding all the Ponzi schemes would drive millions into the streets. Can all this be reversed? Yes, but it will take 20 years. I think that my friend Peter, Glenn Beck, etc. might be of more help giving additional practical advice on how to survive what's coming!
Karl Denninger wrote an article the other day saying we need single-payer medicine. Of course his first choice was pure free-market, but in the absence of that, basically the only fair and good gumint system is single-payer.
The reason for this is cost shifting. Essentially it's about subsidies driving prices, but since medicare is also paying a cut-rate, a big subsidy is also taken from this hidden tariff on "private" user. Hence a huge distortion and hidden tax that must expand.
It's not a market in medicine at all. The "gumint takeover" is long past at this point, so the reform the people support and voted for in 08 have a chance.
The feds now pay over 50% of industry dollars through medicare, medicaid and VA. They set many of the rules of supply and demand in more ways than can be easily comprehended.
They 'make the market' all the way around, and now may be the last chance for the people to demand fairness and rights. It's time for fundamental changes.
About 100 years ago, the elite figured out that it made more sense, to leave the slaves in their own country. Their ain't no good guys at the helm of the world.
I agree with Peter's statment on AIG & mortgages. Look out for the large number of mortgage resets in 2010-2011. However, Peter doesn't consider that future demographics will create a big problem for health care insurers and that both Dem.& Rep. plans will bailout the insurers sometime in the next 20 years. There needs to be reform to keep us from bailing out health care insurers the way we did the banks. The mandate is needed by the insurers to pick up lost customers to high costs and deaths..
Furthermore, the government requires us to buy all the things our taxes pay for and prohibits us from buying things like narcotics, this has not lead to the things you say it will lead to. To throw out all the work that has been done and start over is the absolutely dumbest thing I have ever heard. The reason this legislation isn't moving forward is that the Republicans refuse to let anything pass. We should remove their government funded healthcare and let them float on the fee market.
The free market as been in play with the healthcare system we have and your theory of dropping prices and improving care has proven to not be the case. The Republican talking points are nonsensical, this was not a "trap" it was an effort to make headway in an important issue that the Republicans have been stonewalling. It is absolutely disgusting what they are doing, they have sold out the American people to the insurance companies who make billions while we die.
state & federal governments have numerous laws and regulations that stifle competition in the health insurance industry. it is not a free market, the huge influence of industry insiders on the dems/obamas bill is clear proof: it is like most industries in the usa a crony capitalist/corpratist market. the gop is grandstanding claiming to be for small gov, but if they were in power i would bet they would be pushing a bill similar to the dems. decreasing regs will increase comp and decrease prices
I hope you have something to do in the Senate, other than managing failure of your country. It appears that federal government is owned by forces, other than the people.
It may be rather difficult to get anywhere if there are up to 99 other senators working against him, though the Republicans would be much more agreeable.
Trinomialtree is trolling people in a deliberate attempt to antagonize people and to form guilt by association against Schiff. This is harassment. Either ignore him or report him for harassment if he persists after you.
Love the post Peter, and I'm glad to see Ron Paul won the CPAP ballot last week....one step closer to the dream ticket....RON PAUL/PETER SCHIFF in 2012 ~~~~
Either I'm starting to understand economics, or Mr. Schiff is getting better at explaining it. Probably a combination of the two.
It's hard to compare market forces of durable goods to healthcare insurance, but the gist is there.
I agree that they need to go back to the drawing board...start over. Maybe take it piece meal. Look at one healthcare issue at a time. There are many situations. fixing one apparent problem for one, may cause a problem for another.
"those that are with me at the beginning of the election, are at the front of the line. those that are with me after the election, are at the back of the line. those that are against me, are grounded to dust." - mayor culpepper.
even little mayors know the drill. ask the ex-mayor of detroit. get with the program peter and stop all this nonsense 'talk sense' talk. only $ talk.
He makes a lot of great points. If we don't keep up with what is going on we will soon truly live in a country where we are free (free to do what the government tells us to do). It is hard to argue with logic and common sense but so many choose to do just that anyway. We need more leaders like Schiff who will do the right thing for the country, and not the right thing for the corporations.
This comment has received too many negative votesshow
who cares about an ant like you? corporations pay the bills. just shut up, stop being a lazy unproductive slob, thinking that you are some important element of society, work hard and pay your taxes, and then shut up again.
whats the logic and common sense in the state paying for 150m of you welfare peasants just to get your vote. the one person one vote system needs to be abolished now, all peasants need to work for free for a decade to pay off the country's debts.
First, I hope that you are being sarcastic here, however, I think that you might actualy be serious. Second, you are calling me a welfare peasant, when I have never once in my life received one dollar of welfare, unemployment benefits, medicaid, food stamps or any other hand outs. I have not and will never do so unless my life depends on it.
Feel free to come by and discuss this topic in person, if you have the balls that is! I'll give you the address.
i am dead serious. we're sick of having to carry you peasants. you peasants did not bail us out at all as you would like to think. we, as the greatest tax contributors have been giving money to the state since WW2 to pay for the welfare of you peasants until now.
barton biggs in his new book has advised us to procure security (e.g blackwater) and firearms for our own safety. once we get this set up, i'll give you my address - i'm sure the security will have no qualms about gunning down peasants.
You are a self-righteous, pompous, ignorarnt person. You make generalized comments directed at a group of people who you could more than likely not put a number to backed up by nothing but pure conjecture. If you had any balls at all you wouldn't have to wait for security to back you up, you would stand up like a true man and back up what you say. I wouldn't be at all surprised if you are a troll who just likes to come on to the comments page and stir things up. Elitist Scumbag!
"group of people who you could more than likely not put a number to backed up by nothing but pure conjecture"
what does that mean? are you on drugs like most of your fellow peasants? you are peasant scum and judging from that sentence you put up, an uneducated one at that. see you in a bread line soon.
What does that mean? Okay, I'll explain it to you. It basicly means this: You have no difinite number of "peasants", and that your comments are based on a bunch of distorted bullshit numbers. I guess when you say "see you in a breadline soon" you would have to assume that you would already be in that line, that kind of makes you a hypocrite.
"difinite" --- haha, you need more than a breadline peasant, you need some fundamental english lessons.
yes, i'm in that line handing out bread to freaks like you. haven't you heard that we committed a few hundred million to community services just to appease you peasants? food lines are part of the package. so take advantage of our largesse while you can, peasant.
I don't think that this guy has anything to do with Peter Schiff, He is probably just some loser sitting on his computer and trying to stir things up. He says "you peasants" when he is more than likely worse off than I am.
I agree with much that was said here, but it's illogical to compare health care to cell-phones. The reason that goods are cheaper and better, is that the production is overseas, at lower costs. I don't think it's a good idea to treat Americans in Chinese hospitals because it's cheaper.
Also, let's not forget that the majority of innovation is paid for by tax-payers, via MIT, the military, CIA, NASA etc.
Gold a huge speculative bubble and really only should be recommended for traders and not investors as it's not something you can hold on and will be steady. The very fact that it has the reputation of being steady and it has gone up so dramatically the past 10 years hints that a big crash will happen. I think it's wrong to recommend regulaor joes to buy it because they're gonna buy it high and it's gonna crash, effectively wiping out a huge amount of their savings.
@selfrealizedexile In a way I disagree. As with any recommendation from another person I'd say ot would be good if people do their own due dilligence, understand what they are buying and use common sense. I disagree with the gold being a bubble. Nothing goes up in a straight line. Gold will correct along the way and shake out along the way.
depends on if EUR follows dollar down or goes up in contrast of dollar going down or stays where it was. dollar moves do not have to directly correlate to euro changes.
What you´re saying doesnt make sense. Either you buy Euro or you buy gold. If the value of either goes up you win and if either goes down you lose (both relative to the dollar).
Gold is traded with dollars so gold prices can rise (good for gold owners) but if the value of the dollar is going down at the same time you are left with a big fat zero (of course depending on the relative changes in gold and the dollar).
You dont buy gold in Euro. You buy it with dollars. The Euro part is just a "middleman". BITARTEN says he has won on buying gold 2-3 months ago and its probably just because the dollar has been rising.
You can of course use Euro to buy gold but it will be the value of the Euro relative to the dollars that matters so you might as well buy it with dollars.
Summa sumarum: If you want to buy gold you have to consider Euro/dollar value and calculate that into you investment.
If the dollar collapses then the goldprice (in dollars) will skyrocket but that doesnt mean you made any profit in Euros. Because your Euro will now also be able to buy buckets full of dollars.
I think euro is going down. I have bought gold in euros 2 and 3 months ago and I'm winning. Gold is rising (in €), Europe tas terrible economic problems like here in Spain. The economy is stopped and the government is collecting half the money it is spending. Terrible.
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TonikHealthInsurance 7 months ago
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SchiffReport my msn in profile! Markets, AIG, Housing, health care
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penkohelan 1 year ago
If society bears the risk of paying for the uninsured, then Obama is right to require people to buy healthcare.
For once I disagree with Peter Schiff :-) It's always fun to criticize someone of his stature.
jmineur 1 year ago
The only problem with government getting out of healthcare would be that people with no or a low income cannot afford healthcare..
AmersfoortTristan 1 year ago
Health Insurance should be paid by higher taxes. Everyone should be covered. Call it socialism or what you want. It is the right thing and it makes perfect economical sense. thats the only way the cost is going to go down.
MAZDAKPRODUCTION 1 year ago
Give me one example of government reducing the cost of anything.
and if you can give an example, the trade off for cheap price is always quality and efficiency. So, great. I get worse quality of care and less efficient health care so some people have at least some health care. Sounds fair.
If government had never entered into health care with subsidies including Medicare, health care would cheap enough for the vast majority of the population to pay out of pocket for those services.
Luvanicebum 1 year ago 4
@Luvanicebum Very true. See people don't beleive this when I say things like this to them. I get called all kinds of names like racist or I don't care about the poor blah blah blah. But then I tell them go to your vet and see how much it costs for your dog. Thats the type of prices YOU could be paying if the government would just stay the fuck out of it and let doctors advertise prices and compete state to state.
lamiac2411 1 year ago
3 Easy steps to fix your mess:
a) No more WAR & Income Tax
b) Use ARMY for Farming & Aid
3) unplug your TVs and rize
pifou111 1 year ago
Free market forces ARE displayed in health care.
Look at Lasik surgery and cosmetic surgery. Since they're introduction into our culture, they have both progressed by leaps and bounds while also becoming more affordable.
One concept that may also elude people is that frivolous lawsuits against both doctors and manufacturers has become commonplace, often paying out perverse financial settlements and is threatening their very existence. So, government and insurance gets involved..cha ching!
Luvanicebum 1 year ago
Good example but what do you say to UPS and FED Ex and other shipping services. They are not even comparable to United Postal Services Service and Cost. I am amased people claiming government run enterprises do not work when you have UPS, DMV, FBI, CIA and our military doing such great job in providing cost efective services. I am sure most of us were schooled at public schools and proud of it.
MAZDAKPRODUCTION 1 year ago
I think people think too linearly.
There is no exclusively proper form of governance for everybody. I'm 80% Libertarian, 10% Republican, 5% Democrat and 5% Don't give a shit.
We definitely need some socialized organizations to help of large population facilitation to protect life, liberty and the pursuit of happiness. Ie. Fire Department, Limited Police, more effective FBI and SEC.
Post office? nope. Department of Education? nope
IRS? definitely nope. I could go on for hours.....
Luvanicebum 1 year ago
@Luvanicebum
I am not American (girlfriend is) and I am not living there either. You know.. less regulation certainly is a thing that should be considered. Leave regulation to the States instead of to Washington.
Socialized medicine should indeed be established. And I don't mean "Obamacare" (which is a joke) but genuine socialized medicine. French style. But establishing that should be left to the States.
AmersfoortTristan 1 year ago
@AmersfoortTristan
For the rest- the departments should be shrunk dramatically. AMTRAK and the US Post broken up and privatized. The armed forces repatriated and shrunk dramatically. The Federal Reserve should be nationalized and placed under Congress. And a full inquiry into the dealings of these clowns should be launched.
AmersfoortTristan 1 year ago
If you want to see something scary look at a chart of home prices for Beverly Hills CA. Most still have million dollar or better status but a surprising amount are being sold for about the price of a cheap car! To me that spells trouble.
pripyat23 1 year ago
i like that rock i give u this turtle for that rock...ok me can use turtle shell to smash snails open with, so u can have rock for this...ok me ty...u got rock for pet now...and now i got pet and snail shell cracker in one...tradeing makes sense to me cave man and me friend...i dont know why he have sex with rocks tho...but whatever floats yoru boat right?...wait what is boat? can you make a morgage float on water?
GarIicjr 2 years ago
eg: my uncle had back problem. He was told he will have to wait min 6 mths (waiting list) for an invasive (& dated) procedure. After which he will be out of work for 3 months for recovery. Total 9 months of pain, discomfort, no work.
Chooses to go to FLA and pay. Gets MRI same day, then in hospital later that day. Has non invasive surgery (a procedure not available here due to cost), and required 2 weeks of recovery...on a beach
Total time out of work: 3 weeks
420canada247 2 years ago
Didn't realize clarification was needed...Obviously Canadians aren't going across the border for routine care; surgury however, is a different story.
420canada247 2 years ago
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brinkers517 2 years ago
That's what I say but one critic of that reasoning (who supposedly once worked in the insurance industry) said that if someone doesn't have insurance and they have to pay out of pocket they can get on a payment plan with the hospital and they would charge them less than they would charge an insurance company (just because they can.) I still think that's b.s.
brothermikefan 2 years ago
Comment removed
brothermikefan 2 years ago
I can't see monthly payments for extended stays in the hospital for complicated surgeries or leukemia treatments being lower than monthly insurance premiums but what do I know? Then again, how many insurance companies drop you or cut off your coverage at a certain level anyway these days leaving you to pay for the rest out of pocket?
brothermikefan 2 years ago
You don't have to drive a car.
Car insurance is for replacing your car, other car, or injuries you cause. Health insurance isn't really insurance at all because you can't get a new body like you can get a new car.
Every 7th grade consumer economics class covers this.
I agree with your point, but no 100%. We need to be able to buy catastrophic health insurance only. You can't get that in any state because of all of the state mandates on what has to be covered...many not catastrophic events.
bkdmd 1 year ago
If the US adopts a version of healthcare similar to Canada; then where will we Canadians go if we don't want to wait in extremely long lines, or want advanced procedures not offered here due to costs?
Where will our politicians go for their healthcare?
420canada247 2 years ago
I have not a clue.
It appears we may both be screwed if that happens.
jcfan42 2 years ago
I live in America and every time I go to the hospital for some non-life threatening emergency, I wait at least four to six, or sometimes eight hours in the waiting room. Everyone I talk to has the same experience.
brothermikefan 2 years ago
Even when I have appointments I may end up waiting for up to two hours in the waiting room.
brothermikefan 2 years ago
I like Peter Schiff's view on almost everything. But I simply cannot agree with him on health care.
Health care is not optional, and involving the free market causes immense suffering for people who have medical conditions through no fault of their own.
NathanZackery 2 years ago
Then health care costs will continue to rise until it no one can afford it!
Lasik surgery - price goes down every year - free market, no insurance involvment.
contact lens - price goes down every year - free market, no insurance involvement.
In healthcare, we don't have insurance, we have socialized paying. Just think if everything you did to your car was paid for by your car insurance. Even routine maintainance like oil changes and flat or poor tires? The rates would be extreme.
blx2000 2 years ago
The price of health insurance will continue to have very high annual increases. With the new Obamacare plan, the price will go up even faster and they will start RATIONING, because the GOV will not have enough money to pay for it.
blx2000 2 years ago
I think we can all agree that Obama's plan is useless. Fully nationalized systems elsewhere are FAR cheaper than ours, and while they don't supply healthcare as quickly, they do supply it more EQUALLY, which I think is the key point.
NathanZackery 2 years ago
I think it is interesting that you brought up the point about it not being optional, but neither is food. We often need both food and health care. Why not increase food stamps? Communize the farms? Some people would argue that, but I think it is the consistent capitalist that says we keep both private, in the free market.
jcfan42 2 years ago
I bet the Fanny message is bogus. Who wants to bet the stop "interest only" loans, but still allow 1% down, 2% down, 3% down and so forth. In fact, the tax-credit "rebate" is about 3%, so allowing a down payment of 3% is the same as "interest only".
Return to a minimum of 20% down payment (AKA "conforming"), and within two years the real-estate market will totally heal... after prices collapse to appropriate levels, which is what is needed to naturally stimulate buying.
honestann 2 years ago
Markets are rallying on a Greece bailout?? WTF the markets should rally for NO bailout at all!!! What is that going to show others? It's ok to be illresponsible just have someone else give you their money..
kev492001 2 years ago
What happens to wallstreet unspun??
facit01 2 years ago
He's retiring in November but he's the only one that has any sense to do something about the spending problem. Sen Jim Bunning, 78, from Kentucky
He stopped the Unemployment Bill.
That's not totally true. Its a BS Bill. How many more times there going to spend and extend bills, when will this end.
idrobinhood 2 years ago
Peter Schiff, you rock. I love that you're standing up for people like me. More power to ya. I'll sleep a little sounder if you win the senate race.
NimaSepassi 2 years ago
interest only mortgage was an insane idea from the begining , who even takes that kind of a mortgage ? I guess people who don't understand finanse and economics.
marcinbarto 2 years ago
thanks peter
also the criminals couldnt even extend uenployemnet
riots in april yeaaaaa
also miss the news on your blog
thanks peter for all you do
winner502 2 years ago
AIG just raided $35 billion to repay taxpayers.
NoLibertarian 2 years ago
Gosh, golly, gee-whiz, Peter, these bamkers and politicians are just SO INCOMPETENT (no conspiracy to destroy us though, just incompetent). TELL THE TRUTH, PETER. These guys are sadistic criminals and they are destroying this country ON PURPOSE. Just SAY IT, Peter!
TadRapidly 2 years ago
Who on earth would miss that guy? He is a major cause of the problem in the first place.
mr82769 2 years ago
I agree with you. Other countries have universal healthcare, unemployment benefits and they do a good job. Note: they don't have an Industrial War Complex and they have smaller Govt's. A point less talked about is the many rules the Govt. places on it citizens in these countries. There is some trade off.
tjfgermany58123 2 years ago
~3:20 "Bloomberg headline says Lack of Job Growth Undermines Recovery -- I would say that lack of job growth means there is no recovery"
Go get'm Peter!
herzogsbuick 2 years ago
Scandinavian model FTW!
Netherlands, Denmark, Sweden, Norway, Finland. All have the best healthcare, are happier about healthcare, it's proven to be cheaper, more effective and it is universal coverage. It is free market with government buying insurance for all and you can buy extra if you want. The basis is already full coverage but if you want dentist and all that stuff you sign up for a little extra. There is still competition between firms and hospitals it's just bought collectively.
BrutusAlbion 2 years ago
@BrutusAlbion If I lived there, could I opt out?
herzogsbuick 2 years ago
look if you dont want dental, physiotherapy, free transportation to the medical facilities and everything else besides life threatening conditions. Than yes you can opt out of all of that. However you do still pay for your minimal insurance....for example you get hit by a car and are bleeding and everything or broke your leg. You must pay healthcare insurance for basic services as that. That is payed collectively through tax. You don't pay when you break your leg. Logical right?
BrutusAlbion 2 years ago
It is appropriate--I dunno about logical--that you wouldn't pay for a fixed broken leg if your taxes paid for healthcare. But the premise is flawed; if I were permitted to KEEP my money and the gov't stopped regulating doctors & healthcare there wouldn't be a need for gov't assistance.
I can't opt out, you say I'd still pay a basic insurance with my taxes. If I don't pay taxes because the gov't's at war, criminal or whatever, they will come armed to my house and imprison me. Sound fair to you?
herzogsbuick 2 years ago
I don't think we're getting better, but to be fair job growth improves on a long lag from economical growth.
terker10 2 years ago
How can there be economic growth without people who can afford to purchase from additional production? I do not see how a significant lag there can be, with honest economic growth unless there is a near simultaneous increase in general prosperity...so maybe everyone gets free land deeds from the gov't, economy would grow without jobs increasing. This is how I see it at least, have you seen this situation (economic 'growth' with lagging employment) outside of a stimulus?
herzogsbuick 2 years ago
I didn't say that there was economical growth. He said that the economy wasn't getting better indicative of job growth and i said that no one can use job growth as an economical indicator because it lags econ. growth. lagging employment has occurred in every recession by the way.
terker10 2 years ago
Pre-FED? Sorry if I misunderstood you. But I agree, job growth alone is a sorely poor indicator, as is GDP or other number without context and make-up available.
herzogsbuick 2 years ago
it is appropiate and thats why I called it logical. For when things are appropiate they should be implemented.
You can't opt out as it is universal healthcare, and when you government comes armed to the gritt to your frontdoor for not paying taxes because you have no job or whatever it means your government has gone rampant and is corrupt. That has nothing to do with healthcare. It's not like europe is in some totalitarian regime because of healthcare. GET OVER IT! it works!
BrutusAlbion 2 years ago
That doesn't make them logical ;-)
Be careful about how your argument is framed! You're talking about automatic deductions of income taxes from your pay; what if I'm self-employed? Furthermore, any income tax gives the government control over your ENTIRE INCOME, if the rate is 45%, the government is permitting you to keep 55% of what you earned...and they can of course take it all away if they want. So if you mandatorily tithe, yes healthcare is absolutely part of this totalitarianism.
herzogsbuick 2 years ago
And your healthcare doesn't work precisely for the reason that it does not help the sick. For when you are sick you cannot work. When you cannot work you cannot earn money. When you dont earn money you cant pay for your healthcare. You get more sick and you die. Yes that is rooting out the weak and letting the strong live like a true meritocratic or darwinian society. I strive for utopia not killing off the weak in our society like we have done in the past. That is silent genocide.
BrutusAlbion 2 years ago
"When you cannot work you cannot earn money"
Your system proposes mandatory group savings, which are then administered by beauracrats. I advocate the government retracting its restrictions on business, so everyday people can assume roles in their community our brainwashed population look to multinationals to fill currently. Keep all of your income and save, and have enough left over to give to your community hospital and charities. We must remove pressure on doctors etc so they can treat people
herzogsbuick 2 years ago
While the government taxes people it doesnt actualy tax them. It just attaches a mandatory insurance to you. Which firm you choose to get this insurance from is up to you. So there is competition even there.
BrutusAlbion 2 years ago
Does the insurance company set what I pay, or does the government? What happens if I refuse to buy insurance, then what? Can communities form their own insurance or similiar institutions? If you are out of work or whatever, how do you get coverage if you only pay private insurance companies?? If it's not a tax, as you say, who actually does the paying/price negotiating?
herzogsbuick 2 years ago
I will add, that you're 110% right our current healthcare system doesn't work. But before the 1960's when our politicians decided we needed a 'healthcare system', doctors visits where a few dollars because patients couldn't afford more than that. The US gov't stepped in however with pricing sheets and all the rest and the guarenteed funds ruined it for everyone else. So yes indeed, our system is broken, but socialized medicene is far worse (PS I live in Australia, and had my appendix out here)
herzogsbuick 2 years ago
Again, universal healthcare works better overall. I'm not saying every form of universal healthcare is awesome. Look at africa, some countries have universal healthcare, others have no rules whatsoever. In both cases universal and free healthcare SUCK ASS. I'm just saying if you look at the healthcare system around the world which do work. You'll find universal healthcare 9 out of 10 times. And you are thinking of nostalgia when doctors werent specialised and people didnt bitch about a cold.
BrutusAlbion 2 years ago
If you're talking about the government forcing citizens to purchase insurance, you're talking about creating a cartel citizens cannot escape from. If you're talking about the government creating it's own healthcare coffers and controlling things top-down, you're talking about quakery. The thread underlining both is INFLATION, guaranteed funds to the health industry mean prices will fluctuate out of step with the general economy, largely responsible for creating the problems you're talking about
herzogsbuick 2 years ago
Alright screw it, you obviously just don't want to pay for healthcare. You don't care if an orphan gets sick and can't get cured. You just don't care because free market can solve everything. Yes poverty would not exist with a free market. Prices would plummet. Houses would become almost free. Teachers don't need money they take the smiles of their children for pay....DUDE! Get real. The reason doctors were cheap in the 50's is cause they COULDNT cure you alot of times. Just too bad for u.
BrutusAlbion 2 years ago
lol there is still no cure for the cold man!! My GP back in PA paid in excess of $200,000/year for her practice's insurance. If she saw 4 patients an hour 8 hours a day 5 days a week 50 weeks a year--which would be a LOT--each patient's visit would need to be at least $25 *just to cover insurance*!
The free market allocates resources (like skilled labor) efficiently, and integrates them into the economical contexts they serve best. Medical technology advances and prices go DOWN Brutus!!
herzogsbuick 2 years ago
If the orphanage can't afford health care, see my previous post. Poverty is by choice in a free market; in a free market anyone can offer their services to anyone, without intrusion by the government. Without legal tender laws and income taxes, people would have a complete choice on where to live: and people of your mind, who want to force people to buy insurance, can set up your own community and do just that!! I hope you and I can help restrain national gov'ts, much good would come of this
herzogsbuick 2 years ago
you can't offer your services if you are sick. Have you already forgotten that? Sick means no work. No work means no pay. No pay means no healthcare. Means no cure to your ilness. You are either stupid or just don't care about people that get sick because not everyone can frickin offer their services. Not only that even if the parents were to lame to get a proper job that should not influence a kids life. But oh no mister here says the kid will just have to work at age 3 and pay his own insuranc
BrutusAlbion 2 years ago
no no no! "No work means no pay" is an economic distortion; if we had a real economy of individuals trading goods and services freely amongst eachother, without gov't burdens, employers can afford sick pay and paid leave and why not deals with doctors' offices? The gov't distorts what is beneficial and not, they lower the interest rates so NO ONE CAN SAVE, do oyu understand Brutus? Your "solution" is to a problem the gov't created!! Without the gov't interfering, sick people get taken care of
herzogsbuick 2 years ago
Alright you got it wrong untill you talked about interest rates. That part is true and governments do that on purpose to keep the economy rolling and making sure you don't get rich by just saving money on your bank as an ordinary citizen.
And sir again, a real free market economy can be found in somalia. It is no pleasure being there. No government also means no protection or order. You are thinking of a nostalgic utopia that never existed. Again how is my orphan gonne get cured in ur system?
BrutusAlbion 2 years ago
This is why freedom can no longer be viable.
Because people like you are too chicken shit about taking care of themselves than allowing yourself to be self sufficient.
Freedom means that some people prosper and some people fail....the way of nature. The major problem is everyone wants to win, so we enable a system that actually causes only a few to win and the vast majority to lose. Opportunity is gone in this country and it's really because the average American got spoiled and lazy.
Luvanicebum 2 years ago
That is rediculous. Humans create their own environment. By your anology it is their right to make you poor because they are obviously more succesfull and you are not. You want to win by changing the environment and skewing it in your favour. I wish to skew it in everyone's favour. You're birth should not effect how well of an education you can get, how well the doctors will treat you or how much happiness you are entitled to in life. What you do with your life and what you succeed is up to you.
BrutusAlbion 2 years ago
But alteast create an environment where everyone has an equal start and chance of making the best for themselves.
In herzogbuick's nostalgic vision there is no room for orphans or displaced persons through no cause of their own. It is a vision of nostalgia where doctors couldn't treat you alot of times so you couldn't be cured and need not pay then so ofcourse its cheap. And since the founding of america 75% of all wealth has ALWAYS been INHERITED. It's a myth, the american dream.
BrutusAlbion 2 years ago
Nostalgia?? Orphanages didn't pop up out of nowhere during the New Deal, what are you talking about??
herzogsbuick 2 years ago
I disagree. I think the roll of government is protecting citizen's liberty by prosecuting those who infringe it, and by promoting free exchange through setting of standards, measures, and I think something not unlike a patent/copyright office, for entities to register claims. People WOULD take care of themselves, not because the system requires it (there will still be charities and communities can choose socialism) but because our system gives people self-worth, which in general cures depression
herzogsbuick 2 years ago
The only thing that cures a depression is sound financial policy. Something the governments of today completely lacks.
BrutusAlbion 2 years ago
Can I buy you a beer now? :-)
herzogsbuick 2 years ago
You can buy me a beer anyday. Aslong as it's Jan Hertog or belgian monk beer.
BrutusAlbion 2 years ago
The customs in Somalia and the Horn region are older than the Magna Carta, and they successfully fought the British for decades, on several ocassions. Have you been there? Have you tasted their sweet ass crops?
Stress makes normally honest people lie, cheat and steal. cheat and lie. So how do you unstress people? By letting them run their own lives, no forced tithings. All this, if you're so positive universal healthcare is awesome, why not let people opt-out Brutus??
herzogsbuick 2 years ago
Excellent video
Intervene 2 years ago
yes a mandate is not freedom.
kixdirtsevin 2 years ago
"Recursion to Clean"
"
What the crowd seem to miss now is that one can't devalue their own currency when its only metric is that relative to others engaging in precisely the same tactic. In other words, perhaps Hugh Hendry's bet will pay off.
"
TylerNull 2 years ago
$23.8 Trillion!!!!!!!!!!!!!!! Gone!!!!!!!
BrainChild666 2 years ago 2
Hmm what happened?
Adahondeayenh 2 years ago
The media talks about how the Banksters have payed back all the TARP money. The truth is the TARP bill only accounted for 2% of the money lent out. $23.8 trillion is the real figure. Thats $75,000 for each of the 300million americans....That would have stimulated things!
BrainChild Out.....
BrainChild666 2 years ago
I don't quite understand what you are trying to say.
Also, chinese quality is very questionable. Chinese made computers, at least the cheap ones, are made really cheap. The keyboards and mice suck and are flimsy and impossible to type on. You feel like you are typing on a sponge. The PS suck, mtbf is way down.
christo930 2 years ago
I want to see a comprehensive analysis of healthcare prices. For instance, I am curious about the cause and effect relationship of price fixing in Medicare - I don't get Medicare, but I heard recently from a doctor that it requires doctors and other providers to accept a lower price and as a result they have to raise prices for other people that don't have Medicare. This might be just one example, but there has to be more, as price fixing is the only thing any government can ever do.
n66178 2 years ago
what do you think of silver Peter?
bc5620 2 years ago
I don't live in Connecticut, but I just contributed a small amount to your campaign Mr. Schiff. I hope you and your team can win the race.
n66178 2 years ago
Has anyone heard a rumor that the Govt. wants to get into {our} 401K's? Imagine if they managed YOUR investment portfolio?? {Would the last person leaving the United States please turn out the lights}
notpcone 2 years ago
They aren't losing money, they just got a big check from the government. :)
xp19375 2 years ago
Is the gov. running a 50 year long Ponzi scheme, well of course. All the gov. trust funds are broke, that said we cannot just get out of the scheme. Millions of folks now depend on gov. checks each month.Quickly unwinding all the Ponzi schemes would drive millions into the streets. Can all this be reversed? Yes, but it will take 20 years. I think that my friend Peter, Glenn Beck, etc. might be of more help giving additional practical advice on how to survive what's coming!
MysticForecaster 2 years ago
Karl Denninger wrote an article the other day saying we need single-payer medicine. Of course his first choice was pure free-market, but in the absence of that, basically the only fair and good gumint system is single-payer.
The reason for this is cost shifting. Essentially it's about subsidies driving prices, but since medicare is also paying a cut-rate, a big subsidy is also taken from this hidden tariff on "private" user. Hence a huge distortion and hidden tax that must expand.
YankeeGlacier 2 years ago
It's not a market in medicine at all. The "gumint takeover" is long past at this point, so the reform the people support and voted for in 08 have a chance.
The feds now pay over 50% of industry dollars through medicare, medicaid and VA. They set many of the rules of supply and demand in more ways than can be easily comprehended.
They 'make the market' all the way around, and now may be the last chance for the people to demand fairness and rights. It's time for fundamental changes.
YankeeGlacier 2 years ago
4:15 Freddy Mac wont back interest only loans.
It almost sounds like the Govt is taking Peter's advice but in Slo-motion.
RvNYC 2 years ago
Thank you Peter!
fleetingdays 2 years ago
Peter Schiff is still right. Anti-Americans/anti-constitutionalists hate him.
mustang607 2 years ago
Thanks for the video Mr. Schiff. Appreciated.
jmb765 2 years ago
Gold bubbles burst just as badly as stocks or real estate.
laneguzel 2 years ago
Gold will recover. The dollar won't.
qralston 2 years ago
Invest in Amber Lamps!
HarryBeLulzFonte 2 years ago
bullshit everything he sayed
mongeonkevin 2 years ago
@mongeonkevin bullshit everything you spell
Theherooftoday 2 years ago
ihad my roof reroofed last smmer and i had sex with yr mom mmmmm
mongeonkevin 2 years ago
I'm getting sick of these doomsayers praying for stocks and the dollar to fail and think their gold will save their souls.
laneguzel 2 years ago
criminal and pedo
Nonniemayrox 2 years ago
Thanks again Peter. I look forward to your semi daily broadcasts. Go through the D Ts when you don't post
sabrinacle 2 years ago 2
"Credit default swaps"= "Slave trading" BY NAME!!!
rayzn11 2 years ago
Why are computers so cheap today?
Because of asian slave labour!
pcuimac 2 years ago
Computer and cell phone manufacturing is nearly 100% automated. Try again.
christo930 2 years ago
Comment removed
bighands69 2 years ago
About 100 years ago, the elite figured out that it made more sense, to leave the slaves in their own country. Their ain't no good guys at the helm of the world.
rollsthepaul 2 years ago
slavery has its roots in the fiat currency central banking system, its has nothing to do with a country, continent, race or religion.
rothschilds666 2 years ago
I agree with Peter's statment on AIG & mortgages. Look out for the large number of mortgage resets in 2010-2011. However, Peter doesn't consider that future demographics will create a big problem for health care insurers and that both Dem.& Rep. plans will bailout the insurers sometime in the next 20 years. There needs to be reform to keep us from bailing out health care insurers the way we did the banks. The mandate is needed by the insurers to pick up lost customers to high costs and deaths..
PragmaticStatistic 2 years ago
Furthermore, the government requires us to buy all the things our taxes pay for and prohibits us from buying things like narcotics, this has not lead to the things you say it will lead to. To throw out all the work that has been done and start over is the absolutely dumbest thing I have ever heard. The reason this legislation isn't moving forward is that the Republicans refuse to let anything pass. We should remove their government funded healthcare and let them float on the fee market.
jzygula 2 years ago
The free market as been in play with the healthcare system we have and your theory of dropping prices and improving care has proven to not be the case. The Republican talking points are nonsensical, this was not a "trap" it was an effort to make headway in an important issue that the Republicans have been stonewalling. It is absolutely disgusting what they are doing, they have sold out the American people to the insurance companies who make billions while we die.
jzygula 2 years ago
@jzygula:
Which fantasy of a free market are you referring to?
We should try it, someday, I think.
caltrop69 2 years ago
state & federal governments have numerous laws and regulations that stifle competition in the health insurance industry. it is not a free market, the huge influence of industry insiders on the dems/obamas bill is clear proof: it is like most industries in the usa a crony capitalist/corpratist market. the gop is grandstanding claiming to be for small gov, but if they were in power i would bet they would be pushing a bill similar to the dems. decreasing regs will increase comp and decrease prices
njThaze 2 years ago
People suffer more in UK NHS hospitals than they did in Guantanamo Bay,while being 'tortured'.
Left for days in store cupboards ,have to drink from vases,starved,wrong meds,MRSA, CDIFF..the list goes on and on.
express375 2 years ago
Gold $1650 short term. Stock will sky rock for another few months, based on hot air, but who cares.
commonsense2008 2 years ago
I hope you have something to do in the Senate, other than managing failure of your country. It appears that federal government is owned by forces, other than the people.
rollsthepaul 2 years ago
It may be rather difficult to get anywhere if there are up to 99 other senators working against him, though the Republicans would be much more agreeable.
jcfan42 2 years ago
So I guess the bailouts will continue for the toilet that is AIG
Melville10 2 years ago
That is disgraceful; contact your elected officials and tell them not to do it...
jcfan42 2 years ago
It is rather disappointing that this video has refused to load thus far for me.
jcfan42 2 years ago
Everyone whould google U.S. debt clock. One glance and you will understand how unfixable our situation is.
Limeisback2012 2 years ago
Right on Pete! Let the truth be told!
mja2035 2 years ago
Trinomialtree is trolling people in a deliberate attempt to antagonize people and to form guilt by association against Schiff. This is harassment. Either ignore him or report him for harassment if he persists after you.
Check his Youtube page to see for yourself.
.
kmg501 2 years ago
Love the post Peter, and I'm glad to see Ron Paul won the CPAP ballot last week....one step closer to the dream ticket....RON PAUL/PETER SCHIFF in 2012 ~~~~
TheNRA4ever 2 years ago
7777 views
B0rnAl0neDieAl0ne 2 years ago
I think trinomialtree' wants people to make death threats against him so he can send them to jail. Check out his home page.
alanhowitzer 2 years ago 2
A lot of trolls coming on to the channel, but it's just a phase.
curiouschem 2 years ago 3
F AIG
alanhowitzer 2 years ago 2
Either I'm starting to understand economics, or Mr. Schiff is getting better at explaining it. Probably a combination of the two.
It's hard to compare market forces of durable goods to healthcare insurance, but the gist is there.
I agree that they need to go back to the drawing board...start over. Maybe take it piece meal. Look at one healthcare issue at a time. There are many situations. fixing one apparent problem for one, may cause a problem for another.
curiouschem 2 years ago
"those that are with me at the beginning of the election, are at the front of the line. those that are with me after the election, are at the back of the line. those that are against me, are grounded to dust." - mayor culpepper.
even little mayors know the drill. ask the ex-mayor of detroit. get with the program peter and stop all this nonsense 'talk sense' talk. only $ talk.
trinomialtree 2 years ago
He makes a lot of great points. If we don't keep up with what is going on we will soon truly live in a country where we are free (free to do what the government tells us to do). It is hard to argue with logic and common sense but so many choose to do just that anyway. We need more leaders like Schiff who will do the right thing for the country, and not the right thing for the corporations.
summitcodude 2 years ago 2
This comment has received too many negative votes show
who cares about an ant like you? corporations pay the bills. just shut up, stop being a lazy unproductive slob, thinking that you are some important element of society, work hard and pay your taxes, and then shut up again.
whats the logic and common sense in the state paying for 150m of you welfare peasants just to get your vote. the one person one vote system needs to be abolished now, all peasants need to work for free for a decade to pay off the country's debts.
trinomialtree 2 years ago
First, I hope that you are being sarcastic here, however, I think that you might actualy be serious. Second, you are calling me a welfare peasant, when I have never once in my life received one dollar of welfare, unemployment benefits, medicaid, food stamps or any other hand outs. I have not and will never do so unless my life depends on it.
Feel free to come by and discuss this topic in person, if you have the balls that is! I'll give you the address.
summitcodude 2 years ago 2
i am dead serious. we're sick of having to carry you peasants. you peasants did not bail us out at all as you would like to think. we, as the greatest tax contributors have been giving money to the state since WW2 to pay for the welfare of you peasants until now.
barton biggs in his new book has advised us to procure security (e.g blackwater) and firearms for our own safety. once we get this set up, i'll give you my address - i'm sure the security will have no qualms about gunning down peasants.
trinomialtree 2 years ago
You are a self-righteous, pompous, ignorarnt person. You make generalized comments directed at a group of people who you could more than likely not put a number to backed up by nothing but pure conjecture. If you had any balls at all you wouldn't have to wait for security to back you up, you would stand up like a true man and back up what you say. I wouldn't be at all surprised if you are a troll who just likes to come on to the comments page and stir things up. Elitist Scumbag!
summitcodude 2 years ago 3
"group of people who you could more than likely not put a number to backed up by nothing but pure conjecture"
what does that mean? are you on drugs like most of your fellow peasants? you are peasant scum and judging from that sentence you put up, an uneducated one at that. see you in a bread line soon.
trinomialtree 2 years ago
What does that mean? Okay, I'll explain it to you. It basicly means this: You have no difinite number of "peasants", and that your comments are based on a bunch of distorted bullshit numbers. I guess when you say "see you in a breadline soon" you would have to assume that you would already be in that line, that kind of makes you a hypocrite.
summitcodude 2 years ago
"difinite" --- haha, you need more than a breadline peasant, you need some fundamental english lessons.
yes, i'm in that line handing out bread to freaks like you. haven't you heard that we committed a few hundred million to community services just to appease you peasants? food lines are part of the package. so take advantage of our largesse while you can, peasant.
trinomialtree 2 years ago
Okay, you're right I made a typo. At least I can type in complete sentences and use punctuation.
I hope you find it very fulfilling to be a troll.
summitcodude 2 years ago
That is my thought. That by being extremely controversial, that one may get more visits to their page and possible a few clicks on their videos.
but, whatever, Jr. high school is long for some people.
curiouschem 2 years ago
I don't think that this guy has anything to do with Peter Schiff, He is probably just some loser sitting on his computer and trying to stir things up. He says "you peasants" when he is more than likely worse off than I am.
Junior High School, haha, lol........
summitcodude 2 years ago 2
Sounds like you live in China or India where the caste system is actually working pretty well for you.
End the Fed
alanhowitzer 2 years ago 2
I might not even do it if my life depended on it. Up with capitalism! Down with trolls!
jcfan42 2 years ago
is that you mike norman? ha, ha. How can anyone take your comments seriously. You're a tool and a troll. Have a nice day f*ckface.
EdMan2012 2 years ago
is that you nigger from a slum? have a nice day sleeping with your mother, motherf*ckface.
trinomialtree 2 years ago
The government is a cancer and it's killing us. :-(
kmg501 2 years ago 5
I agree with much that was said here, but it's illogical to compare health care to cell-phones. The reason that goods are cheaper and better, is that the production is overseas, at lower costs. I don't think it's a good idea to treat Americans in Chinese hospitals because it's cheaper.
Also, let's not forget that the majority of innovation is paid for by tax-payers, via MIT, the military, CIA, NASA etc.
alternativeinfo 2 years ago
i almost forget EVERYONE RATE THIS VIDEO 5 STARS
akparker1 2 years ago 2
This comment has received too many negative votes show
1 star.
trinomialtree 2 years ago
Fascist scum, go crawl back into your hole.
jcfan42 2 years ago
Peter Schiff You Are The Man!
akparker1 2 years ago
Gold a huge speculative bubble and really only should be recommended for traders and not investors as it's not something you can hold on and will be steady. The very fact that it has the reputation of being steady and it has gone up so dramatically the past 10 years hints that a big crash will happen. I think it's wrong to recommend regulaor joes to buy it because they're gonna buy it high and it's gonna crash, effectively wiping out a huge amount of their savings.
selfrealizedexile 2 years ago
@selfrealizedexile In a way I disagree. As with any recommendation from another person I'd say ot would be good if people do their own due dilligence, understand what they are buying and use common sense. I disagree with the gold being a bubble. Nothing goes up in a straight line. Gold will correct along the way and shake out along the way.
gerasmus 2 years ago
Say no to BOcare.
...or for Barry Soetoro
Say no to BScare.
VexZee 2 years ago
Dollar goes down, gold goes up but if I buy gold in EUR (€) do I win or lose?
PLEASE Answers.
4HITMAN7 2 years ago
depends on if EUR follows dollar down or goes up in contrast of dollar going down or stays where it was. dollar moves do not have to directly correlate to euro changes.
JasperXoR 2 years ago
What do you think, if the $ goes down will € follow ?
4HITMAN7 2 years ago
Thanks for answering.
4HITMAN7 2 years ago
What you´re saying doesnt make sense. Either you buy Euro or you buy gold. If the value of either goes up you win and if either goes down you lose (both relative to the dollar).
Gold is traded with dollars so gold prices can rise (good for gold owners) but if the value of the dollar is going down at the same time you are left with a big fat zero (of course depending on the relative changes in gold and the dollar).
Hope that helps.
mr82769 2 years ago
I meant if i buy gold with € not $ and if the $ goes down, gold goes up but the price in € is the same (if the € doesn't go up or down).
4HITMAN7 2 years ago
You dont buy gold in Euro. You buy it with dollars. The Euro part is just a "middleman". BITARTEN says he has won on buying gold 2-3 months ago and its probably just because the dollar has been rising.
You can of course use Euro to buy gold but it will be the value of the Euro relative to the dollars that matters so you might as well buy it with dollars.
Summa sumarum: If you want to buy gold you have to consider Euro/dollar value and calculate that into you investment.
mr82769 2 years ago
@mr82769
I want to buy gold in € because i live in EU.
Thanks for clarifying that.
4HITMAN7 2 years ago
If the dollar collapses then the goldprice (in dollars) will skyrocket but that doesnt mean you made any profit in Euros. Because your Euro will now also be able to buy buckets full of dollars.
mr82769 2 years ago
Thanks for answering.
4HITMAN7 2 years ago
@4HITMAN7
I think euro is going down. I have bought gold in euros 2 and 3 months ago and I'm winning. Gold is rising (in €), Europe tas terrible economic problems like here in Spain. The economy is stopped and the government is collecting half the money it is spending. Terrible.
Best wishes
BITARTEN 2 years ago