Less government restrictions will create jobs to boost the economy!! Here's proof: We would hire two full time employees at our shop, Vinyl Mayhem, IMMEDIATELY if we could pay $6/Hr. We can't pay any more because after the high minimum wage; State, Federal, Social Security, and unemployment taxes; workers comp and liability insurance.. We'd rather just do the work ourselves! Peter Schiff and Ron Paul are right.
I think you are not making the correct statement. Your concern is with the private companies. They are hiring people in India and China. That is a fact.
I disagree. Goldman Sachs was created by jews who couldnt get hired by the blue blood investment firms that discriminated against them. Look at most police depts even in large cities where whites are the minorities but the dept is almost all white. An example would be LAPD, until the feds came in to force them to hire minorities.
I'm curious about how abolishing the minimum wage law would actually play out. Seems to me like corporate America would do what they did to my grandparents and great grandparents and pay them next to nothing because they know they could get away with it. So how do you stop greedy companies from exploiting people who need jobs? Most business in America is big business where they only care about their bottom line and not yours.
as an example that no one speaks about how much pharmacy products are manufactured on china by usa investors,.cheap asian goods are killing the western world , wise guys have invested in asia,.WHY
@banksy35 correction - One of my last employer's, moved to another country. The employer basically, quit the country and the business and I wasn't allowed to sue.
Peter, what if a stealth combined effect of outsourcing, automation, robotization and efficiency increases is also destroying jobs - and do so irreversibly. Your may be right but you may not be affirming the entire picture. If you have a steady and irreversible job destruction going on for gods knows how long, an ever bigger percentage of people will be shoved out of the consumer, taxpayer as well as worker pools. You might find that low labour costs might not work - costs of living too high.
I believe that automation is one of the KEY drivers of our problem, followed closely by off-shoring. Because of the personal computer, what once took 10 people to do, now can be done by one. The same with robots. Until we address this elephant in the room, i.e., What are regular people going to do for work, when machines and computers can do the brunt of it? If you're not involved in IT, or machine maintenance and programming... good luck.
@Kozmguitars That could actually be good yes? Allow us allto have to work less and still enjoy the same standard of living?
However that is not what happens. Technology will empower the few and will spur on massive amounts of zero sum losers and winner societies. This is how humans seem to be wired - a strong tendency towards antisocial.
The longer I listen to this video, the more you sound like you support SLAVERY.
The enslavement of US citizens beholdin' to greedy politicians and their stupid ideas ... like TARP, and QE 1,2,3 ... and CDOs and MBSs ... Greedy bankers and Wall Street Corporatists .. THIS is what is collapsing the economy ... NOT American workers!
If we have HYERINFLATION, and NO minimum wage, do you know what would happen?
YOU would be robbed! People like you would be robbed or killed, because those people who can't make a LIVING wage would have to beg, borrow, steal or kill to survive.
More OF YOUR FLAWED logic :
American College graduates can't get jobs, because they have worthless degress.
@VahansMeTube You still haven't explained why his reasoning is wrong? Secondly, small claims courts are already there to resolve disputes between private individuals for whatever reason you may encounter, so there is no need for government to be doing a redundant job.
Again, what Peter is saying, is that being an employer/employee gives you two different sets of rules and protections as a human being, even thought all people are equal in the eyes of the law, but they're clearly not.
I seen today July 14 2011 that ford was re-opening a vehicle plant and they were hiring around 1800 folks...Over 10 thousand applied for that 1800 positions.....Glad to see ford hiring here in " America " and not china.....I am not a ford fan, but thanks ford.....
Well, we do need rules, simply because the so called 'free market' won't work. People are too messed up, too greedy to rely on. 200 years ago we had a 'free market' it's called slavery. Do we want to go back to that? Now I am not saying our government floods everything with rules and regulations we need to cut back on. But we should have anti discrimination laws.
please don't leave the NWO, UN, WTO and WHO out of the equation Peter..k..? in unison they have greatly contributed to our demise.. to change the mindset, change the person..
@Dewdaahman You are absolutely right. Nobody can convince me these people who opened the borders for India and China had no clue back then about the consequences.
Peter ignores the real cause of America's out-of-control legal system, in terms of lawsuits-Jewish lawyers. Look at the history.. in the 1950s, jewish lawyers, whose parents failed to bring communism to America a generation earlier, decided to put down their sewing machines, Union picket signs, brassier shops, and bagel shops and went to law school to bring down corporations with lawsuits. The WASP lawyers settled disputes in board rooms. Jew lawyers used combativeness, hate, and the court room
@BeyondNeptune Indeed, until about 1955, most Businss and corportate lawyers were very conservative, non-combative, and actually had morals and standards. They almost NEVER sued anyone. They brought the parties together and negotiated like civil human beings. If a lawyer had to, as a last resort, settle a case in a court room, he was ashamed of himself. Today, the jews want to go to court FIRST and want to be as hateful, combative, adversarial, and slimy as possible. They completely destroy it.
Things are much worse than many realize. Even with a Ph.D, a masters, and two bachelors-all in the physical sciences-it's getting very difficult. Why? Because many companies such as pharmaceuticals, solid state technology(think LED, computers, and so forth) are leaving the US and have flooded the market with experienced Ph.Ds. So even newly graduated Ph.Ds, the market is fierce because we're competing against all those Ph.Ds who have experience for the few jobs that are left.
The Feds job is to ruin the US economy, its simple dont you see. Bernanke has probably reserved his place in one of the various underground bases in the U.S. to hide out when masses go on a witchunt to find who got them there in the first place. Bloody hell people we put them there to do it for us so isnt it about time to gracefully take our power back. peace man, peace.
@VahansMeTube Wow, so radical... The idea that everyone should enjoy equal rights, including employers. So you're saying a Jewish business owner should be forced to employ or do business with a neo-nazi skinhead, right?
You are so right, that's why I don't like buildings as investments, I only like land so there are NO people involved. And I don't like employees, I like computers!!! That's why after 114 court cases I know how to avoid liability, only giving my BS on Facebook....
"Though the manufacturer has his wages advanced to him by his master, he, in reality, costs him no expense, the value of those wages being generally restored, together with a profit, in the improved value of the subject upon which his labor is bestowed"
@stvpaddy If you've gone through Econ 101,you would've known that hi minimum wage increases unemployment and keep teens and first-time job seekers out of job market. The first-time workers need to start somewhere. With high minimum wage, employers wouldn't and couldn't hire teenagers for simple works. Teens wouldn't get a first start and they would not be able to start learning job skills and become a good worker. That's why country with high job security laws have high unemployment.
And I don't think that has changed no matter hire much white people would like to convince themselves that it has. I think you should go back and redo this video and try not to use such a crazy argument to fit your assumptions. I have respected much of your work over the years but even you need to be realistic in terms of what role races plays in every decision in this Country.
@fourthdynasty98 The fact remains that you cannot cite a single instance in modern times where a candidate was disqualified due to race. Your argument is automatically destroyed in light of this fact.
peter, I think your race argument is easy to sallow for white people because you have never been subjected to what black people have been subjected to for over 400 years in this nation. White people would absolutely discriminate against a more qualified black job candidate. I agree with a lot of your positions but I can't give you a pass on this one. We have historically been discriminated against as it relates to jobs, schools, housing, etc.
@fourthdynasty98 No, it's easy to swallow for people looking to make race irrelevant. Fucking perpetual victims like you just want to keep it alive. You're not 400 years old you dumb shit.
"White people would absolutely discriminate against a more qualified black job candidate."
The market selects the best candidate for the job. Same for black people hiring a more qualified white candidate, but like most racists, you only see it from one side.
@itachi705 The fact that ur getting so upset highlights the problem n the USA. Bcuz wht ppl like urself dismiss the effects of 400 years of slavery & what impact that it has had on subsequent generations is the very reason we still have a problem. It took God via prophet Moses to free the Jews from Eygpt & u believe the blk slavery problem is suppose to just evaporate. Ur argument is unitelligent and typical angry white man speak.
@itachi705 Since it's so easy for U & ppl like U to dimiss the effects on a group of ppl that has been put thru the worst form of human torture in the histtory of the planet then I have a challange for you. Why don't u and ur people volunteer for just 40 years of servitude slavery in the same manner that black ppl experienced it and then see what ur offspring will become. See the physcological damage that will ensue. The trauma will pass thru ur very DNA down to ur kids and then their kids.
I found a job after an exhausting search. Its a salary position, too. I thought it paid well until I found out the work load is overbearing. I have to work 12 hours per day to keep up. It doesn't pay so much now. I'm keeping though. Since I started, there have been several people coming in asking about it.
This comment has received too many negative votesshow
Peter, your telling 1/2 the story: employers have MORE power than employees, that's why workers Unionised (in the good old days). Workers have wrongful termination rights to help make up this power imbalance. You have no sympathy for workers who have to pay their mortgages- even when the boss fires them for being a woman. Discrimination is impossible for most workers to prove & most small employers aren't worth suing.
@matrix9814 Not true. Often times when a worker quits unexpectedly it leaves the employer in a bind. This is particularly true for small employers. Also employers have to pay their employees even if their company loses money. Employees get paid as long as they show up. Employers only get paid if there is anything left over after all the salaries and other expenses are paid.
@SchiffReport I am a small business that currently employs 3 full time and 1 part time. It has happened to me numerous times in the past where an employ just one day decides not to show up for work. Workers have plenty of power if they are competent and qualified and can call the shots. Most workers don't understand that the businesses profitability depends on their productive output and they will be compensated accordingly. Only a stupid employer is going to under pay a competent worker.
@SchiffReport Unless the business is really good at loans and manipulating small intrest rates to "float" for a while. Most companies or small businesses usually can adjust their business to account for less labor. They use tactics like: making existing labor work longer hours/no breaks, work faster, work harder, they might even look around to see if they can make cuts in other areas as well, like any business person would naturally do, and if it works they keep it that way, to make it cheaper
@SchiffReport Hey Peter, I was wondering, there are alot of MMTers that talk a lot of smack about your views on economics. Have you considered talking about the biggest scam going on behind the U.S. economy otherwise known as: unfunded debt????? You never seem to talk about it, but shouldnt 64 trillion dollars be a good talking point to emphasize the credibility to the MMTers?
@SchiffReport This scenario is true - workers can leave employers in a bind - but the employer can go to a labour company to get a new employee, they can hire someone else immediately, they can call the customer & arrange the work to be done late, etc. Henry Ford paid his workers enough $ to buy a car? - so low wages don't always mean bigger profits for employers. There is agenda to destroy middle class by taking away rights, outsourcing, globalisation.. I'm defending worker's rights.
@matrix9814 This is communism, a concern with the political power to enforce obedience, not the economic power to produce material values. Unions are the product of the desire for communist political power over the producers of material wealth. Since capitalism has greatly increased material wealth for everyone, there was never an economic need for unions. Unions are the product of that watered-down communism called Progressivism.
@TeaParty1776 Unions are forbidden by communist doctrine. Because workers "own" all factories, shops, etc. through the state, workers are not oppressed & unions aren't required according to this theory. What communism is includes a central bank (Federal Reserve), Govt Education (the schools), One political party (Democrats & Republians being two sides of the same coin), Welfare (retirement benefits)...the USA is basically Communist NOW.
@matrix9814 FedStoogeOne wishes new taxes. how can new taxes, or spending anything be considered as "sane" when the "federal" reserve cretins can, or will not account for TRILLIONS of OUR MONEY?
if you or i lost a 20, we would stop everything and try to find it.
-these lunatics are out of control.
watch this-"UncleBens" predecessor, alan greenspan admits the bankster fraud
@matrix9814 no peter is telling 100% of the truth. employers do not have more power than employees, infact its is the other way around. For the most part employees move from job to job with the sole purpose of making more money or recieving better benifits, or better hours etc, but it is harder for employers to partake in this same activity, if they constantly fired people and went from employee to employee in order to make more money they also have to bear the employment costs and law suits etc
@matrix9814 What Peter told you was 100% true. I owned a small business for nearly 3 years. I invested, took the risk, borrowed money etc... To insure my business ran correctly I needed minimum 10 employees. I was hit with hard times I had to release 5 of them. Reasons why? Increase in taxes. I got hit with new taxes and to maintain I had to cut supplies, labor, advertising etc... and eventually I folded. When I did my employees roughly made 80k a piece over those 3 years. Me? -78k. Understand?
I'm a long time viewer, first time poster. As an Asian American, I perfectly understand your point of view because I follow your logic. I would much rather be hired for my work ethic and skills, as opposed to filling a racial quota or such. However, as a fan of yours, I worry other people might not follow your logic (they never do). Since this is such a sensitive issue, I worry there will be backlash for you, and maybe you'd be better served to do a follow up.
haven't we employees given up enough with the ending of over time the invasion of temporaries, the loss of benefits, and the weakening dollar with less pay. i mean really though we get treated like third world barefooted imbreds.
wouldnt that be nice to find a job that will train you to do something with your hands. terrible this doesnt exist hell a job better then 12 a hour doesnt exist
peter is so right. college is a big scam if not done properly. i graduated from college and ended up washing buses. I will do my accounting by starting as a bookkeeper and working my way up. thanks pete.
If the people are broke the government is broke. You would think people would get that...especially proponents of high taxes.
And the idea of weakened purchasing power is NEVER discussed in the mainstream discussions on the major networks. That alone tells you they are a poor source of information.
GONORRHEA "Super Strain" Is Spreading In Japan And Asia!!VISION Of The ATTACK Of ISRAEL That Is Coming!Germany:E-COLI..Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
Peter, Don't you think that this all stems somehow to giving up our top spot, by creating a GLOBAL economy? We (By we I mean the employee) have to compete unfairly with the third world by lowering our wages? Why is it unfair to us as Americans? Look at our ability to purchase? Look what its doing to our country as a whole. America was much better thirty years ago, with a strong middle class. Unless we back out of these unfair trade deals soon, we are doomed to be the biggest banana republic.
@glazierEd Too late, you ARE the biggest banana republic.
"A banana republic is a commercial enterprise for profit by collusion between the State and favoured monopolies, whereby the profits derived from private exploitation of public lands is private property, and the debts incurred are public responsibility. "
@jeffiek I was refering to... Banana republic is a pejorative term that refers to a politically unstable country dependent upon limited primary productions (e.g. bananas), and ruled by a small, self-elected, wealthy, corrupt politico-economic plutocracy or oligarchy.[1] The term banana republic originally denoted the fictional “Republic of Anchuria”, a “servile dictatorship” that abetted (or supported for kickbacks) the exploitation of large-scale plantation agriculture, especially banana cultiv
Yeah, I was aware of that in the matter of politics, but calling Krugman liberal seems like a total confusion and perversion of notions to me. It's something like calling nazis "far right", which is also a total nonsense and nevertheless used worldwide.
Peter, I understand and even agree with your position on employer rights, but when you're pitching this, you might want to find a better example than a potential employers desire to fire someone because they're a woman/jew/non-jew etc. It just doesn't play well especially if condensed into a soundbite.
If you run for office again you're going to have to spend tons of time time rebutting accusations of racism/sexism. People who support you will understand the context and principle. Others wont.
@tovarishstulo Oh, shut up tovarishstulov! It's people with your mindset that help the government sustain these ridiculous laws & harmful regulations. So people shouldn't use the woman or Jew example, but they should use the black/white one? Get real & wake up! Any example used will probably disgruntle some moron along the way, but that’s just the way it is! It's called REALITY, so face it; the world is far from perfect & people in the U.S. need to start facing IT five years ago! Catch my drift?
@madtown99980 Stop being a troll and read before you post.
a) How can someone opposed to these regulations (as I clearly am) support them? My argument is that by using these examples Peter will shift the debate away from economics towards race politics, which is tactically playing into the hands of the opposition.
b) Why would you think I'm suggesting using a black/white example? I'm suggesting he focus the debate on employer rights from the economics side.
I think Peter is best suited to do what he does currently. He doesn't have a shot as a politician because he is too straightforward, and politicians are all about bullshitting to make everything they say sound positive and politically correct. If you go through Peter's videos there's waaaay too much ammunition to bring him down in the political sphere. This stuff makes perfect sense to niche audiences who choose to confront reality, but the public at large is mostly morons.
@tovarishstulov My point is that employees are free to discriminate against employers for any reason they want. Employers should enjoy the same rights. Problem is by giving certain groups the right to sue based on discrimination, you create a powerful financial incentive for employers to discriminate against individuals who are members of those groups, such as racial minorities, women, or the disabled.
@SchiffReport No doubt, but how you approach the issue is as important as what the issue is. If I can use Ron Paul as an example, he talks about promoting liberty rather than sacrificing safety. When talking about decriminalizing drugs, he doesn't focus the conversation on your right to abuse heroin if you want to, even though, by implication, he supports it.
I'm simply making a point about political acumen not criticizing your position. Cont...
@SchiffReport To be more constructive, I'd focus the examples of theoretical personality clashes.
e.g. " If I can take a job because the boss seemed easy going in the interview I can quit because he turned out to be troll who makes me work through every weekend. If I can hire someone because they seemed nice in the interview I can fire them because they turned out to be an asshole."
The examples your giving will land you in the same hole Rand Paul was in when discussed the hypothetical of CRA.
@SchiffReport Most of us here on the internet understand your point perfectly. But the problem is, the general public does not understand your point, and is very eager to misinterpret it.
If you want to persuade general public, you shouldn't leave any way to be misinterpreted. You can emphasise that anti-discrimination laws harm those whom they're meant to protect. But you have to be *VERY* careful how you word it.
If you don't want to persuade general public, no problm. But I thought you do?
The government knows exactly what's happeneing and what is going to happen with their policies! Take a look at George Bush Sr 1991 New World Order speach. They must create the law of the jungle by crashing the economy and creating food riots, then they can fill the streets with military, we will have a police state and then they will create a NWO! Get ready for hell on earth America, Yahuwa is the only one who can save you!
Isn't inflation in effect lowering minimum wage? the stuff about retuning to the days of 16 hour work days is crazy. we need to stop buying from sweatshops so we dont need them here to "compete".
@Xasew Sarcasm is for people who can't debate. If we boycott sweatshops and buy local we keep our money here in the US. You do realize that when American's wore clothing made right here in the USA people in China were able to handle themselves right? I mean China has been around for 5000 years. Anyway if you hate poor people then your morals stink.
@Xasew Seriously? On a relative basis China has been the dominate nation on Earth. Go back to your history books and read up from the Yellow River settlers onto about 16th century. Please don't cite general improvement of human rights and technology as your support you have to compare China to its peers around the same time.
"People like you" ... you should just argue with a strawman since you know nothing about me. That way you can "win" your arguments.
You still haven't explained how boycotting sweatshops would not hurt the Chinese(of course since people DO buy from those sweatshops, it is obvious that Americans benefit from it, too).
"...since you know nothing about me."
Sure I do. I know you don't understand the basics of international trade. At least you've yet to demonstrate that you do.
"Yes saving makes you rich."
Yes, but how exactly is that relevant to our discussion?
@Xasew Funny, I trade and manage portfolios successfully and actively. Anyway, that's besides the point. How does saving relate to our discussion? Let see, suppose a town of people buy goods only produced by other townsmen. Tourist money stays. Town gets richer. Like a bucket in the rain without a leak. A trade deficit is a trade leak. You'll soon find yourself having to reduce pay to sweatshop levels to compete. When your done with your straw-man and ad-hominem statements, say something.
So you're basically saying mercantilism works? Basic economics still doesn't agree with you. The people in your example town might in fact blow all of their money right away and save 0%; their trade surplus wouldn't change that.
"You'll soon find yourself having to reduce pay to sweatshop levels to compete."
That does not follow from anything you said previously.
Of course your example town would also be dirt poor, because they aren't taking advantage of the division of labor. So in real terms their income and pool of savings are going to much smaller than otherwise.
Boycotting sweatshops isn't even necessarily going to affect the trade deficit, since now foreigners will be able to buy less from the US(imports might fall, but so might exports). And now that consumers are buying more expensive domestic products, they'll be even less able to save.
@Xasew How does the town "blow" their money if they never let it leave town? They burn it or wrap it around dynamite? My family got rich because we loaned to each other without interest and purchased goods from each other whenever possible. We helped refined each other's ideas and invested in them. This isn't common sense? Now imagine if I didn't buy jackets from my brother's business because Wal-Mart sells them cheaper. Family, neighborhood, town, city, state, and country--in that order.
If every individual in the town saves 0% of his income, then the town indeed blows its money.
"This isn't common sense?"
A family working together is certainly common sense. A regular consumer buying more expensive goods just to encourage the domestic production of that particular good isn't common sense at all.
@Xasew But if they all do business with ONLY townsmen, where does the money go? If I save my money or spending it with myself, it is the same. Now here is another idea, if people in the town start a bank owned by the community and they save their money in that bank and the bank is the only business that does business outside the town (gives successful loans to high credit holders outside the town) now we're talking! But even in this example the bank is a town bank. Its not a mega global bank.
"If I save my money or spending it with myself, it is the same."
You do business with others in the town perhaps, but spending money with yourself is a meaningless concept. Regardless; underconsuming(saving) still isn't the same thing as consuming(or "spending" in this context).
Now can you please explain why economists have been wrong for 250 years and why mercantilism actually works?
@Xasew You say "economists" like they are one unified blob body. What kind of intellectual circle would that be? Each of them sit around and nod at each other? I live two blocks from UCSD, I sit and debate with intellectuals all day. Are you trying to tell me that all physicists or biologists just shake hands and agree on some unified belief? No way. Economists are a feisty bunch. Your underlying appeal to the unified "economist" authority and straw-man dismiss of what I'm saying is myopic.
@Xasew They're not unified. Mercantilism isn't what I'm talking, at least not your brand of it. That's more about Bullionism. There is a brand of neo-mercantilism practiced in Asia. Now tell me, who is doing better right now, Asia or the West? Extrapolate forward in time for me. I'm assuming no wars of course. A frugal man in a frugal world isn't going anywhere but a frugal man in a giving world is going to get rich. Neo-mercantilism is the frugal man in a giving (spending) world.
One lesson that has stayed with me from a basic Macro Econ 101 course - workers have 2 main qualities to offer the marketplace: a unique skill set (which includes efficiency, quality etc) or the ability to work for a lower wage.
Those are the immutable laws of a global economy - ugly as they are. If want a job outside of government you just have to adapt. Obviously the second option is less than ideal - so shoot for the first!
@riversdirect Aww mad because you were wrong again? What did you predict would be happening to our economy at this time? Lol Please let us all know when you think the economy will get better and let's see who has the better track record - Schiff or you.
@HeatForce Schiff is a negative douche that's why no one voted for him and he couldn't win a senate seat. He just wants the rich to get richer and that's not what the rest of the country wants.
I run a small restaurant in Akron, Oh. I can't expand or hire because people are simply buying less and less. Anyone who thinks taxing me is gonna somehow "help" me and encourage me to hire is a fool.
The liberals pushed for "Open enrollment" in the 1960s and 1970s. They got it. They said everyone should have a degree. Now the market is flooded with degreed people and the graduation standards are 10% of what they were in the 1950s. I have a degree. People might be wise to take courses in welding, auto mechanics, small engine repair, machine work, and construction. Real skills are always in demand. I actually make more welding than with my degree.
If you are thinking about going to college, please read this. I am currently in school. I have 3 years left and going for poly sci and Economics. The only reason I am back in school is because I have a landscaping business and work at UPS. Without these jobs I would not be back in school. College guarantees you nothing, while the workforce experience can. I plan on continuing school while saving from my other two jobs. I highly advise others to do the same who are around my age (22)
I really do advise a back-up plan. I have two myself with my own business and with UPS. Many of my peers are now graduating from college with their degrees, while I still have a while. The problem with that is they do not have jobs and have been searching, while I have two. Many places want experience in this economy because they do not want a person with no experience costing them money. People need to start using common sense and stop listening to the general public, THINK FOR YOURSELFS
@dzka88 there are many white chefs available to hire, but he want this chef, why would he take a chance on another chef , when he has one already. Real successfull business people dont care about color, they care about the bottom line.
Problem in america is simple. 100 small business owners make profit in their economy, and spend it in there community. 1 Big Box makes profit in your community, and your community is not where they spend it. Add to this those 100 small business owners are now out of business.
Peter telling it like it is. As an employer the last thing I want to deal with is a law suit. In Oregon the Govt. will assist you in suing your employer if they feel they were discriminated against. I had a lesbian working for me and I worried someone might say something rude to her landing me in court.
Peter believes in the government falsifying data but doesn't believe there's manipulation in the silver market!?...After all of the evidence that's out there on manipulation in the silver market Peter still doesn't believe and if he does he won't come public about it....what a coward!
This has been flagged as spam show
43 people live on welfare.
TWSceptic 2 months ago
Comment removed
TWSceptic 2 months ago
Less government restrictions will create jobs to boost the economy!! Here's proof: We would hire two full time employees at our shop, Vinyl Mayhem, IMMEDIATELY if we could pay $6/Hr. We can't pay any more because after the high minimum wage; State, Federal, Social Security, and unemployment taxes; workers comp and liability insurance.. We'd rather just do the work ourselves! Peter Schiff and Ron Paul are right.
KnightoftheRepublic9 3 months ago 3
by 2012 the only people hiring will be the repo men
garysquirrelreviews 6 months ago
@garysquirrelreviews We could have quite a few more new IRS agents too.
wtopp345985 6 months ago
I think you are not making the correct statement. Your concern is with the private companies. They are hiring people in India and China. That is a fact.
Check any IT company.
mimana2 6 months ago
Mandate a minimum wage, then remove all the tariffs with poor countries….
And people wonder why the jobs all went south and east.
phantomcharger 7 months ago
employers hiring now at....careerstart.info....
jeffreynewton16 7 months ago 2
employers hiring now at....careerstart.info....
mileskessler126 7 months ago 5
employers hiring now at....careerstart.info....
genarohopkins296 7 months ago 23
I disagree. Goldman Sachs was created by jews who couldnt get hired by the blue blood investment firms that discriminated against them. Look at most police depts even in large cities where whites are the minorities but the dept is almost all white. An example would be LAPD, until the feds came in to force them to hire minorities.
brownthunderism 7 months ago
I'm curious about how abolishing the minimum wage law would actually play out. Seems to me like corporate America would do what they did to my grandparents and great grandparents and pay them next to nothing because they know they could get away with it. So how do you stop greedy companies from exploiting people who need jobs? Most business in America is big business where they only care about their bottom line and not yours.
Aahlookoutbehindyou 7 months ago
This has been flagged as spam show
Girls, Girls, Girls.
orangedac 7 months ago
Sooo...the argument here is that hiring any non-white and.or women creates an increased legal liability for business owners??
gambit1357 7 months ago
This has been flagged as spam show
You are lucky you are a jew to get away what you said
a676man 7 months ago
This has been flagged as spam show
Ron Paul MONEYBOMB TODAY!
DONATE AT ronpaul2012 (DOT) com
Spread the word!
diipadaapa1 7 months ago
A jewish guy trying to take advantage of the situation. Jews are the most evil employers ever. Blood suckers
Izak0world 7 months ago
Who are the 41 idiots who didn't like this video???Fucking Sheep!!!!!!!!
thesiciliannyc 7 months ago
as an example that no one speaks about how much pharmacy products are manufactured on china by usa investors,.cheap asian goods are killing the western world , wise guys have invested in asia,.WHY
suirvale 7 months ago
Peter, this video is so all about YOU.
brett2100 7 months ago
Hey Peter,
With the way our Politics are now, none of your views will ever happen...Not Even in 2,3,4 years...
I hope I am wrong though.
I'd like to earn 5% on my retirement savings accounts, like my GrandaPa did.
brett2100 7 months ago
One of my last employee's, moved to another country. The employee basically, quit the country and the business and I wasn't allowed to sue.
banksy35 7 months ago
This has been flagged as spam show
@banksy35 correction - One of my last employer's, moved to another country. The employer basically, quit the country and the business and I wasn't allowed to sue.
banksy35 7 months ago
Peter, what if a stealth combined effect of outsourcing, automation, robotization and efficiency increases is also destroying jobs - and do so irreversibly. Your may be right but you may not be affirming the entire picture. If you have a steady and irreversible job destruction going on for gods knows how long, an ever bigger percentage of people will be shoved out of the consumer, taxpayer as well as worker pools. You might find that low labour costs might not work - costs of living too high.
KhanneaSuntzu 7 months ago
@KhanneaSuntzu
I believe that automation is one of the KEY drivers of our problem, followed closely by off-shoring. Because of the personal computer, what once took 10 people to do, now can be done by one. The same with robots. Until we address this elephant in the room, i.e., What are regular people going to do for work, when machines and computers can do the brunt of it? If you're not involved in IT, or machine maintenance and programming... good luck.
Kozmguitars 7 months ago
@Kozmguitars That could actually be good yes? Allow us allto have to work less and still enjoy the same standard of living?
However that is not what happens. Technology will empower the few and will spur on massive amounts of zero sum losers and winner societies. This is how humans seem to be wired - a strong tendency towards antisocial.
KhanneaSuntzu 7 months ago
Geezus Cripe, Peter!
The longer I listen to this video, the more you sound like you support SLAVERY.
The enslavement of US citizens beholdin' to greedy politicians and their stupid ideas ... like TARP, and QE 1,2,3 ... and CDOs and MBSs ... Greedy bankers and Wall Street Corporatists .. THIS is what is collapsing the economy ... NOT American workers!
Americna workers are NOT the enemy.
This gov't is working against it's own people!
karenbcz22 7 months ago
@karenbcz22
Words have meanings. A slave is someone who is legally forced to work for another person,
is considered property and does not have the right to leave his job. To imply that Schiff supports slavery
in any way is ludicrous.
JohnRinNoHo 7 months ago
Oh come on, Peter!
Americans can't get jobs NOT because the Federal gov't has Disincentivized employers.
In fact, the gov't has given employers the incentive to hire foreigners by giving them TAX breaks based on foreign employment.
They get NO tax break for hiring their OWN PEOPLE in their OWN COUNTRY.
karenbcz22 7 months ago
Peter, sorry, but your logic is flawed.
If we have HYERINFLATION, and NO minimum wage, do you know what would happen?
YOU would be robbed! People like you would be robbed or killed, because those people who can't make a LIVING wage would have to beg, borrow, steal or kill to survive.
More OF YOUR FLAWED logic :
American College graduates can't get jobs, because they have worthless degress.
Uhh nooo!
PpL in China & India have worthless degress too!.
Guess what?
WE GAVE THEM OUR JOBS!
karenbcz22 7 months ago
Peter, Peter, .. STOP IT!!
Abolish the minimum wage law? Don't be ridiculous!
So, that we'll have an EXCESS pool of SLAVE LABORERS and poor people?
And then we become a third world country??? China, Honduras, Haiti ... ?
Oh Please!!!
Forget it!
Minimum wage is a living wage. So at least, at the BARE minimum, people can survive.
Get real!
karenbcz22 7 months ago
Sounds like someone stole our Blue Orchid
HHOenergy 7 months ago
@VahansMeTube You still haven't explained why his reasoning is wrong? Secondly, small claims courts are already there to resolve disputes between private individuals for whatever reason you may encounter, so there is no need for government to be doing a redundant job.
Again, what Peter is saying, is that being an employer/employee gives you two different sets of rules and protections as a human being, even thought all people are equal in the eyes of the law, but they're clearly not.
zdrux 7 months ago
Do your buddies at the FED make too much money? How about you? Or is it just the minimum wage workers that make too much?
drewzillasaurusrex 7 months ago
I seen today July 14 2011 that ford was re-opening a vehicle plant and they were hiring around 1800 folks...Over 10 thousand applied for that 1800 positions.....Glad to see ford hiring here in " America " and not china.....I am not a ford fan, but thanks ford.....
avionicswirenut 7 months ago
Well, we do need rules, simply because the so called 'free market' won't work. People are too messed up, too greedy to rely on. 200 years ago we had a 'free market' it's called slavery. Do we want to go back to that? Now I am not saying our government floods everything with rules and regulations we need to cut back on. But we should have anti discrimination laws.
getourworldback 7 months ago
Our minimum wage would have been fine if these idiots wouldn't have had open the borders for China and India.
CoHproduction 7 months ago
please don't leave the NWO, UN, WTO and WHO out of the equation Peter..k..? in unison they have greatly contributed to our demise.. to change the mindset, change the person..
Dewdaahman 7 months ago
@Dewdaahman You are absolutely right. Nobody can convince me these people who opened the borders for India and China had no clue back then about the consequences.
getourworldback 7 months ago
Peter ignores the real cause of America's out-of-control legal system, in terms of lawsuits-Jewish lawyers. Look at the history.. in the 1950s, jewish lawyers, whose parents failed to bring communism to America a generation earlier, decided to put down their sewing machines, Union picket signs, brassier shops, and bagel shops and went to law school to bring down corporations with lawsuits. The WASP lawyers settled disputes in board rooms. Jew lawyers used combativeness, hate, and the court room
BeyondNeptune 7 months ago
@BeyondNeptune Indeed, until about 1955, most Businss and corportate lawyers were very conservative, non-combative, and actually had morals and standards. They almost NEVER sued anyone. They brought the parties together and negotiated like civil human beings. If a lawyer had to, as a last resort, settle a case in a court room, he was ashamed of himself. Today, the jews want to go to court FIRST and want to be as hateful, combative, adversarial, and slimy as possible. They completely destroy it.
BeyondNeptune 7 months ago
@VahansMeTube Why don't you explain your reasoning?... Oh right, you don't have any.
zdrux 7 months ago
Things are much worse than many realize. Even with a Ph.D, a masters, and two bachelors-all in the physical sciences-it's getting very difficult. Why? Because many companies such as pharmaceuticals, solid state technology(think LED, computers, and so forth) are leaving the US and have flooded the market with experienced Ph.Ds. So even newly graduated Ph.Ds, the market is fierce because we're competing against all those Ph.Ds who have experience for the few jobs that are left.
1czelaya 7 months ago
The Feds job is to ruin the US economy, its simple dont you see. Bernanke has probably reserved his place in one of the various underground bases in the U.S. to hide out when masses go on a witchunt to find who got them there in the first place. Bloody hell people we put them there to do it for us so isnt it about time to gracefully take our power back. peace man, peace.
Ctemple2012 7 months ago
★★★★★ Support Peter!
FreeSTOCKnolossROBOT 7 months ago
@VahansMeTube
His wording was insensitive, but it still comes down to the issue of equal rights. He supports them, do you?
KagarBeardtooth 7 months ago
@VahansMeTube Wow, so radical... The idea that everyone should enjoy equal rights, including employers. So you're saying a Jewish business owner should be forced to employ or do business with a neo-nazi skinhead, right?
weablez 7 months ago
@VahansMeTube
He's advocating the same rights for all...AKA real freedom. Who knew freedom was such a radical idea...
treysparker 7 months ago
You are so right, that's why I don't like buildings as investments, I only like land so there are NO people involved. And I don't like employees, I like computers!!! That's why after 114 court cases I know how to avoid liability, only giving my BS on Facebook....
repo4sale 7 months ago
There are no jobs and there is no recovery. Please, gold is near $1600 now. QE8, no QE18 marc faber.
jadespindotcom 7 months ago
youtube.com/watch?v=G3TltMNbgGQ
patgoodall1 7 months ago
Schiff, I can't wait to hear your commentary on Bernanke's now infamous "No" answer today!
Please make a video soon!
rtj3184 7 months ago 8
"Though the manufacturer has his wages advanced to him by his master, he, in reality, costs him no expense, the value of those wages being generally restored, together with a profit, in the improved value of the subject upon which his labor is bestowed"
Downfurlife 7 months ago
This vid took some stones to make, and I'm glad you made it Peter.
CaptainLazerus 7 months ago
I pray god every day that Schifty's ideas will be implemented one day.
fgthjd 7 months ago
@stvpaddy If you've gone through Econ 101,you would've known that hi minimum wage increases unemployment and keep teens and first-time job seekers out of job market. The first-time workers need to start somewhere. With high minimum wage, employers wouldn't and couldn't hire teenagers for simple works. Teens wouldn't get a first start and they would not be able to start learning job skills and become a good worker. That's why country with high job security laws have high unemployment.
ehong123 7 months ago
@ehong123 Do you recall not pumping your own gas at gas stations?
TeaParty1776 7 months ago
correction ~ "no matter how much"
fourthdynasty98 7 months ago
And I don't think that has changed no matter hire much white people would like to convince themselves that it has. I think you should go back and redo this video and try not to use such a crazy argument to fit your assumptions. I have respected much of your work over the years but even you need to be realistic in terms of what role races plays in every decision in this Country.
fourthdynasty98 7 months ago
@fourthdynasty98 The fact remains that you cannot cite a single instance in modern times where a candidate was disqualified due to race. Your argument is automatically destroyed in light of this fact.
itachi705 7 months ago
@itachi705 99,922 workplace discrimination charges were filed by EEOC in 2010.
rxbladess 7 months ago
peter, I think your race argument is easy to sallow for white people because you have never been subjected to what black people have been subjected to for over 400 years in this nation. White people would absolutely discriminate against a more qualified black job candidate. I agree with a lot of your positions but I can't give you a pass on this one. We have historically been discriminated against as it relates to jobs, schools, housing, etc.
fourthdynasty98 7 months ago
@fourthdynasty98 No, it's easy to swallow for people looking to make race irrelevant. Fucking perpetual victims like you just want to keep it alive. You're not 400 years old you dumb shit.
"White people would absolutely discriminate against a more qualified black job candidate."
The market selects the best candidate for the job. Same for black people hiring a more qualified white candidate, but like most racists, you only see it from one side.
itachi705 7 months ago
@itachi705 The fact that ur getting so upset highlights the problem n the USA. Bcuz wht ppl like urself dismiss the effects of 400 years of slavery & what impact that it has had on subsequent generations is the very reason we still have a problem. It took God via prophet Moses to free the Jews from Eygpt & u believe the blk slavery problem is suppose to just evaporate. Ur argument is unitelligent and typical angry white man speak.
fourthdynasty98 7 months ago
@itachi705 Since it's so easy for U & ppl like U to dimiss the effects on a group of ppl that has been put thru the worst form of human torture in the histtory of the planet then I have a challange for you. Why don't u and ur people volunteer for just 40 years of servitude slavery in the same manner that black ppl experienced it and then see what ur offspring will become. See the physcological damage that will ensue. The trauma will pass thru ur very DNA down to ur kids and then their kids.
fourthdynasty98 7 months ago
I found a job after an exhausting search. Its a salary position, too. I thought it paid well until I found out the work load is overbearing. I have to work 12 hours per day to keep up. It doesn't pay so much now. I'm keeping though. Since I started, there have been several people coming in asking about it.
TruthConsciousness 7 months ago
Good job handling a difficult issue Peter.
worldgoingtozero 7 months ago
Excellent video with more common sense than most Americans can handle.
jrj90620 7 months ago 2
americans are punished for saving by the q. e. policies which confiscate buying power from the accounts of every saver.
ask walter e. williams about wage laws.
he agrees with peter.
jamesa4050 7 months ago
This comment has received too many negative votes show
Peter, your telling 1/2 the story: employers have MORE power than employees, that's why workers Unionised (in the good old days). Workers have wrongful termination rights to help make up this power imbalance. You have no sympathy for workers who have to pay their mortgages- even when the boss fires them for being a woman. Discrimination is impossible for most workers to prove & most small employers aren't worth suing.
matrix9814 7 months ago
@matrix9814 Not true. Often times when a worker quits unexpectedly it leaves the employer in a bind. This is particularly true for small employers. Also employers have to pay their employees even if their company loses money. Employees get paid as long as they show up. Employers only get paid if there is anything left over after all the salaries and other expenses are paid.
SchiffReport 7 months ago 31
@SchiffReport I am a small business that currently employs 3 full time and 1 part time. It has happened to me numerous times in the past where an employ just one day decides not to show up for work. Workers have plenty of power if they are competent and qualified and can call the shots. Most workers don't understand that the businesses profitability depends on their productive output and they will be compensated accordingly. Only a stupid employer is going to under pay a competent worker.
hooverdog1957 7 months ago
@SchiffReport Unless the business is really good at loans and manipulating small intrest rates to "float" for a while. Most companies or small businesses usually can adjust their business to account for less labor. They use tactics like: making existing labor work longer hours/no breaks, work faster, work harder, they might even look around to see if they can make cuts in other areas as well, like any business person would naturally do, and if it works they keep it that way, to make it cheaper
SuperFifthwheel 7 months ago
@SchiffReport Hey Peter, I was wondering, there are alot of MMTers that talk a lot of smack about your views on economics. Have you considered talking about the biggest scam going on behind the U.S. economy otherwise known as: unfunded debt????? You never seem to talk about it, but shouldnt 64 trillion dollars be a good talking point to emphasize the credibility to the MMTers?
SuperFifthwheel 7 months ago
@SchiffReport This scenario is true - workers can leave employers in a bind - but the employer can go to a labour company to get a new employee, they can hire someone else immediately, they can call the customer & arrange the work to be done late, etc. Henry Ford paid his workers enough $ to buy a car? - so low wages don't always mean bigger profits for employers. There is agenda to destroy middle class by taking away rights, outsourcing, globalisation.. I'm defending worker's rights.
matrix9814 7 months ago
@matrix9814 This is communism, a concern with the political power to enforce obedience, not the economic power to produce material values. Unions are the product of the desire for communist political power over the producers of material wealth. Since capitalism has greatly increased material wealth for everyone, there was never an economic need for unions. Unions are the product of that watered-down communism called Progressivism.
TeaParty1776 7 months ago
@TeaParty1776 Unions are forbidden by communist doctrine. Because workers "own" all factories, shops, etc. through the state, workers are not oppressed & unions aren't required according to this theory. What communism is includes a central bank (Federal Reserve), Govt Education (the schools), One political party (Democrats & Republians being two sides of the same coin), Welfare (retirement benefits)...the USA is basically Communist NOW.
matrix9814 7 months ago
@matrix9814 FedStoogeOne wishes new taxes. how can new taxes, or spending anything be considered as "sane" when the "federal" reserve cretins can, or will not account for TRILLIONS of OUR MONEY?
if you or i lost a 20, we would stop everything and try to find it.
-these lunatics are out of control.
watch this-"UncleBens" predecessor, alan greenspan admits the bankster fraud
see bernank freak out when greenspan admits theft
"2010-11-09 Greenspan Admission.mp4"
(watch?v=731G71Sahok&feature)
wolfgangfaust 7 months ago
@matrix9814 no peter is telling 100% of the truth. employers do not have more power than employees, infact its is the other way around. For the most part employees move from job to job with the sole purpose of making more money or recieving better benifits, or better hours etc, but it is harder for employers to partake in this same activity, if they constantly fired people and went from employee to employee in order to make more money they also have to bear the employment costs and law suits etc
slickbtk 7 months ago
@matrix9814 What Peter told you was 100% true. I owned a small business for nearly 3 years. I invested, took the risk, borrowed money etc... To insure my business ran correctly I needed minimum 10 employees. I was hit with hard times I had to release 5 of them. Reasons why? Increase in taxes. I got hit with new taxes and to maintain I had to cut supplies, labor, advertising etc... and eventually I folded. When I did my employees roughly made 80k a piece over those 3 years. Me? -78k. Understand?
SuperGuitarman69 7 months ago
Peter you are talking over everyones head. Most people are sheep. You need charts in color and show them
SuperGuitarman69 7 months ago
Peter,
I'm a long time viewer, first time poster. As an Asian American, I perfectly understand your point of view because I follow your logic. I would much rather be hired for my work ethic and skills, as opposed to filling a racial quota or such. However, as a fan of yours, I worry other people might not follow your logic (they never do). Since this is such a sensitive issue, I worry there will be backlash for you, and maybe you'd be better served to do a follow up.
Cheers
I33NJI 7 months ago
haven't we employees given up enough with the ending of over time the invasion of temporaries, the loss of benefits, and the weakening dollar with less pay. i mean really though we get treated like third world barefooted imbreds.
tompnoid1 7 months ago
@tompnoid1 This isn't a one sided relationship. If things get better for the employer, they almost necessarily get better for the employee as well
MrDbailo 7 months ago
wouldnt that be nice to find a job that will train you to do something with your hands. terrible this doesnt exist hell a job better then 12 a hour doesnt exist
tompnoid1 7 months ago
This has been flagged as spam show
Support mr. Peter Schiff ★★★★★ as to jobs - I got FREE STOCK ROBOT if anybody looking for job.. why not work from home, it's free, no tricks
FreeSTOCKnolossROBOT 7 months ago 3
And THAT is how real life looks like folks.
I've noticed in this internet boom, ITS NOT EVEN AN OPTION to build a business model with American works as the main force.
Systems and outsourcing is the ONLY way to be profitable and competitive in the real world unfortunately.
DaveSuperPowers 7 months ago
Peter, no self respecting Marxist/ pandering blood sucker in elected office would do as you suggest. = It ain't gonna happen.
Garyscott7 7 months ago
peter is so right. college is a big scam if not done properly. i graduated from college and ended up washing buses. I will do my accounting by starting as a bookkeeper and working my way up. thanks pete.
brownthunderism 7 months ago
This has been flagged as spam show
@Ateoridon Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
This has been flagged as spam show
Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
If the people are broke the government is broke. You would think people would get that...especially proponents of high taxes.
And the idea of weakened purchasing power is NEVER discussed in the mainstream discussions on the major networks. That alone tells you they are a poor source of information.
BlackSheepReport 7 months ago
A lot of people cried when Obama took office, they'll be jumping for joy when he leaves..
MrGlassFitter 7 months ago
The problem with our government is corruption, lying and greed
vsnips 7 months ago
These views are in line with what one would expect from a middle-aged prosperous white male living in Connecticut, but actually very narrow in scope.
mr152 7 months ago
This has been flagged as spam show
@mr152 Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
This has been flagged as spam show
GONORRHEA "Super Strain" Is Spreading In Japan And Asia!!VISION Of The ATTACK Of ISRAEL That Is Coming!Germany:E-COLI..Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
TheENTERRAPTURE17 7 months ago
Peter, Don't you think that this all stems somehow to giving up our top spot, by creating a GLOBAL economy? We (By we I mean the employee) have to compete unfairly with the third world by lowering our wages? Why is it unfair to us as Americans? Look at our ability to purchase? Look what its doing to our country as a whole. America was much better thirty years ago, with a strong middle class. Unless we back out of these unfair trade deals soon, we are doomed to be the biggest banana republic.
glazierEd 7 months ago
@glazierEd
Apparently it doesn't bother you that economics has taught that protectionism doesn't work for hundreds of years now.
Xasew 7 months ago
@glazierEd Too late, you ARE the biggest banana republic.
"A banana republic is a commercial enterprise for profit by collusion between the State and favoured monopolies, whereby the profits derived from private exploitation of public lands is private property, and the debts incurred are public responsibility. "
wikipedia(.)org/wiki/Banana_republic
jeffiek 7 months ago
This has been flagged as spam show
@jeffiek Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
@jeffiek I was refering to... Banana republic is a pejorative term that refers to a politically unstable country dependent upon limited primary productions (e.g. bananas), and ruled by a small, self-elected, wealthy, corrupt politico-economic plutocracy or oligarchy.[1] The term banana republic originally denoted the fictional “Republic of Anchuria”, a “servile dictatorship” that abetted (or supported for kickbacks) the exploitation of large-scale plantation agriculture, especially banana cultiv
glazierEd 7 months ago
How is Paul Krugman a liberal economist? Here in Europe "liberal economist" means that someone is semi-austrian...
MushroomCloud666 7 months ago
@MushroomCloud666
The word "liberal" has different meanings in the U.S. and Europe. Krugman is liberal in the American sense, not in the European one.
Xasew 7 months ago
@Xasew
Yeah, I was aware of that in the matter of politics, but calling Krugman liberal seems like a total confusion and perversion of notions to me. It's something like calling nazis "far right", which is also a total nonsense and nevertheless used worldwide.
MushroomCloud666 7 months ago
Peter, you need to promote Ron Paul more often.. You know that if he wins the presidency, you will end up in his administration :D
begood88 7 months ago
Peter, I understand and even agree with your position on employer rights, but when you're pitching this, you might want to find a better example than a potential employers desire to fire someone because they're a woman/jew/non-jew etc. It just doesn't play well especially if condensed into a soundbite.
If you run for office again you're going to have to spend tons of time time rebutting accusations of racism/sexism. People who support you will understand the context and principle. Others wont.
tovarishstulov 7 months ago
@tovarishstulo Oh, shut up tovarishstulov! It's people with your mindset that help the government sustain these ridiculous laws & harmful regulations. So people shouldn't use the woman or Jew example, but they should use the black/white one? Get real & wake up! Any example used will probably disgruntle some moron along the way, but that’s just the way it is! It's called REALITY, so face it; the world is far from perfect & people in the U.S. need to start facing IT five years ago! Catch my drift?
madtown99980 7 months ago
@madtown99980 Stop being a troll and read before you post.
a) How can someone opposed to these regulations (as I clearly am) support them? My argument is that by using these examples Peter will shift the debate away from economics towards race politics, which is tactically playing into the hands of the opposition.
b) Why would you think I'm suggesting using a black/white example? I'm suggesting he focus the debate on employer rights from the economics side.
tovarishstulov 7 months ago
@tovarishstulov
I think Peter is best suited to do what he does currently. He doesn't have a shot as a politician because he is too straightforward, and politicians are all about bullshitting to make everything they say sound positive and politically correct. If you go through Peter's videos there's waaaay too much ammunition to bring him down in the political sphere. This stuff makes perfect sense to niche audiences who choose to confront reality, but the public at large is mostly morons.
ConnerBass 7 months ago
@ConnerBass I fear you're right, but I'm not going to operate on that assumption.
tovarishstulov 7 months ago
This has been flagged as spam show
@ConnerBass Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
@tovarishstulov My point is that employees are free to discriminate against employers for any reason they want. Employers should enjoy the same rights. Problem is by giving certain groups the right to sue based on discrimination, you create a powerful financial incentive for employers to discriminate against individuals who are members of those groups, such as racial minorities, women, or the disabled.
SchiffReport 7 months ago 25
@SchiffReport No doubt, but how you approach the issue is as important as what the issue is. If I can use Ron Paul as an example, he talks about promoting liberty rather than sacrificing safety. When talking about decriminalizing drugs, he doesn't focus the conversation on your right to abuse heroin if you want to, even though, by implication, he supports it.
I'm simply making a point about political acumen not criticizing your position. Cont...
tovarishstulov 7 months ago
@SchiffReport To be more constructive, I'd focus the examples of theoretical personality clashes.
e.g. " If I can take a job because the boss seemed easy going in the interview I can quit because he turned out to be troll who makes me work through every weekend. If I can hire someone because they seemed nice in the interview I can fire them because they turned out to be an asshole."
The examples your giving will land you in the same hole Rand Paul was in when discussed the hypothetical of CRA.
tovarishstulov 7 months ago
@tovarishstulov You have a point, but employees can't sue over "asshole discrimination".
They can sue over a lot of other things, and it's no surprise when they use those laws against decent employers.
jeffiek 7 months ago
@SchiffReport Most of us here on the internet understand your point perfectly. But the problem is, the general public does not understand your point, and is very eager to misinterpret it.
If you want to persuade general public, you shouldn't leave any way to be misinterpreted. You can emphasise that anti-discrimination laws harm those whom they're meant to protect. But you have to be *VERY* careful how you word it.
If you don't want to persuade general public, no problm. But I thought you do?
VantekHG 7 months ago
This has been flagged as spam show
@tovarishstulov Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
This has been flagged as spam show
@tovarishstulov Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
The government knows exactly what's happeneing and what is going to happen with their policies! Take a look at George Bush Sr 1991 New World Order speach. They must create the law of the jungle by crashing the economy and creating food riots, then they can fill the streets with military, we will have a police state and then they will create a NWO! Get ready for hell on earth America, Yahuwa is the only one who can save you!
anythingforadollar 7 months ago
This has been flagged as spam show
@anythingforadollar Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
Isn't inflation in effect lowering minimum wage? the stuff about retuning to the days of 16 hour work days is crazy. we need to stop buying from sweatshops so we dont need them here to "compete".
mrgerbeck 7 months ago
@mrgerbeck
Yeah, let's boycott sweatshops and put some really poor people out of work. I hate poor people, too!
Xasew 7 months ago
@Xasew Sarcasm is for people who can't debate. If we boycott sweatshops and buy local we keep our money here in the US. You do realize that when American's wore clothing made right here in the USA people in China were able to handle themselves right? I mean China has been around for 5000 years. Anyway if you hate poor people then your morals stink.
mrgerbeck 7 months ago
@mrgerbeck
"...people in China were able to handle themselves ... China has been around for 5000 years."
Most of those years were nothing but absolute poverty and misery for the people. Apparently you want to go back to that.
"...we keep our money here in the US."
Why don't you live in personal autarky? I mean then you'd keep all the money in your household.
Sarcasm is necessary because people like you can't grasp something as simple as the division of labor.
Xasew 7 months ago
@Xasew Seriously? On a relative basis China has been the dominate nation on Earth. Go back to your history books and read up from the Yellow River settlers onto about 16th century. Please don't cite general improvement of human rights and technology as your support you have to compare China to its peers around the same time.
"People like you" ... you should just argue with a strawman since you know nothing about me. That way you can "win" your arguments.
Yes saving makes you rich. Quote me.
mrgerbeck 7 months ago
@mrgerbeck
You still haven't explained how boycotting sweatshops would not hurt the Chinese(of course since people DO buy from those sweatshops, it is obvious that Americans benefit from it, too).
"...since you know nothing about me."
Sure I do. I know you don't understand the basics of international trade. At least you've yet to demonstrate that you do.
"Yes saving makes you rich."
Yes, but how exactly is that relevant to our discussion?
Xasew 7 months ago
@Xasew Funny, I trade and manage portfolios successfully and actively. Anyway, that's besides the point. How does saving relate to our discussion? Let see, suppose a town of people buy goods only produced by other townsmen. Tourist money stays. Town gets richer. Like a bucket in the rain without a leak. A trade deficit is a trade leak. You'll soon find yourself having to reduce pay to sweatshop levels to compete. When your done with your straw-man and ad-hominem statements, say something.
mrgerbeck 7 months ago
@mrgerbeck
So you're basically saying mercantilism works? Basic economics still doesn't agree with you. The people in your example town might in fact blow all of their money right away and save 0%; their trade surplus wouldn't change that.
"You'll soon find yourself having to reduce pay to sweatshop levels to compete."
That does not follow from anything you said previously.
Xasew 7 months ago
Of course your example town would also be dirt poor, because they aren't taking advantage of the division of labor. So in real terms their income and pool of savings are going to much smaller than otherwise.
Boycotting sweatshops isn't even necessarily going to affect the trade deficit, since now foreigners will be able to buy less from the US(imports might fall, but so might exports). And now that consumers are buying more expensive domestic products, they'll be even less able to save.
Xasew 7 months ago
@Xasew How does the town "blow" their money if they never let it leave town? They burn it or wrap it around dynamite? My family got rich because we loaned to each other without interest and purchased goods from each other whenever possible. We helped refined each other's ideas and invested in them. This isn't common sense? Now imagine if I didn't buy jackets from my brother's business because Wal-Mart sells them cheaper. Family, neighborhood, town, city, state, and country--in that order.
mrgerbeck 7 months ago
@mrgerbeck
If every individual in the town saves 0% of his income, then the town indeed blows its money.
"This isn't common sense?"
A family working together is certainly common sense. A regular consumer buying more expensive goods just to encourage the domestic production of that particular good isn't common sense at all.
Xasew 7 months ago
@Xasew But if they all do business with ONLY townsmen, where does the money go? If I save my money or spending it with myself, it is the same. Now here is another idea, if people in the town start a bank owned by the community and they save their money in that bank and the bank is the only business that does business outside the town (gives successful loans to high credit holders outside the town) now we're talking! But even in this example the bank is a town bank. Its not a mega global bank.
mrgerbeck 7 months ago
@mrgerbeck
"If I save my money or spending it with myself, it is the same."
You do business with others in the town perhaps, but spending money with yourself is a meaningless concept. Regardless; underconsuming(saving) still isn't the same thing as consuming(or "spending" in this context).
Now can you please explain why economists have been wrong for 250 years and why mercantilism actually works?
Xasew 7 months ago
@Xasew You say "economists" like they are one unified blob body. What kind of intellectual circle would that be? Each of them sit around and nod at each other? I live two blocks from UCSD, I sit and debate with intellectuals all day. Are you trying to tell me that all physicists or biologists just shake hands and agree on some unified belief? No way. Economists are a feisty bunch. Your underlying appeal to the unified "economist" authority and straw-man dismiss of what I'm saying is myopic.
mrgerbeck 7 months ago
@mrgerbeck
Economists aren't unified at all; that's why it should tell you something when a great majority of them agrees on something(like mercantilism).
Xasew 7 months ago
@Xasew They're not unified. Mercantilism isn't what I'm talking, at least not your brand of it. That's more about Bullionism. There is a brand of neo-mercantilism practiced in Asia. Now tell me, who is doing better right now, Asia or the West? Extrapolate forward in time for me. I'm assuming no wars of course. A frugal man in a frugal world isn't going anywhere but a frugal man in a giving world is going to get rich. Neo-mercantilism is the frugal man in a giving (spending) world.
mrgerbeck 7 months ago
so.. is this why you'll see mexicans get hired and working a lot more then aferican americans?
twylightsky2007 7 months ago
One lesson that has stayed with me from a basic Macro Econ 101 course - workers have 2 main qualities to offer the marketplace: a unique skill set (which includes efficiency, quality etc) or the ability to work for a lower wage.
Those are the immutable laws of a global economy - ugly as they are. If want a job outside of government you just have to adapt. Obviously the second option is less than ideal - so shoot for the first!
hnsbro 7 months ago
Schiff is a negative complaining idiot.
riversdirect 7 months ago
@riversdirect Aww mad because you were wrong again? What did you predict would be happening to our economy at this time? Lol Please let us all know when you think the economy will get better and let's see who has the better track record - Schiff or you.
HeatForce 7 months ago
This has been flagged as spam show
@HeatForce Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
@HeatForce Schiff is a negative douche that's why no one voted for him and he couldn't win a senate seat. He just wants the rich to get richer and that's not what the rest of the country wants.
riversdirect 7 months ago
I run a small restaurant in Akron, Oh. I can't expand or hire because people are simply buying less and less. Anyone who thinks taxing me is gonna somehow "help" me and encourage me to hire is a fool.
Blackrain4xmas 7 months ago
The liberals pushed for "Open enrollment" in the 1960s and 1970s. They got it. They said everyone should have a degree. Now the market is flooded with degreed people and the graduation standards are 10% of what they were in the 1950s. I have a degree. People might be wise to take courses in welding, auto mechanics, small engine repair, machine work, and construction. Real skills are always in demand. I actually make more welding than with my degree.
lumberjak5010 7 months ago
My pet spider told me I should buy T bills with money I borrow from Goldman-Sachs
lumberjak5010 7 months ago
Always interesting perspectives
nsolcis 7 months ago
If you are thinking about going to college, please read this. I am currently in school. I have 3 years left and going for poly sci and Economics. The only reason I am back in school is because I have a landscaping business and work at UPS. Without these jobs I would not be back in school. College guarantees you nothing, while the workforce experience can. I plan on continuing school while saving from my other two jobs. I highly advise others to do the same who are around my age (22)
YODUNNY 7 months ago
I really do advise a back-up plan. I have two myself with my own business and with UPS. Many of my peers are now graduating from college with their degrees, while I still have a while. The problem with that is they do not have jobs and have been searching, while I have two. Many places want experience in this economy because they do not want a person with no experience costing them money. People need to start using common sense and stop listening to the general public, THINK FOR YOURSELFS
YODUNNY 7 months ago
@dzka88 there are many white chefs available to hire, but he want this chef, why would he take a chance on another chef , when he has one already. Real successfull business people dont care about color, they care about the bottom line.
krillin876 7 months ago
Problem in america is simple. 100 small business owners make profit in their economy, and spend it in there community. 1 Big Box makes profit in your community, and your community is not where they spend it. Add to this those 100 small business owners are now out of business.
c00per69 7 months ago
is it me, or was this recent run up in the market just fluff?
DontMeanWell 7 months ago
Great video!!!
freesk8 7 months ago
WOW if the June employment data is off by 40,000 that means we LOST several thousand jobs instead of adding 18,000.
SevereTstormFan 7 months ago
Peter telling it like it is. As an employer the last thing I want to deal with is a law suit. In Oregon the Govt. will assist you in suing your employer if they feel they were discriminated against. I had a lesbian working for me and I worried someone might say something rude to her landing me in court.
ODGLOCK 7 months ago
Peter believes in the government falsifying data but doesn't believe there's manipulation in the silver market!?...After all of the evidence that's out there on manipulation in the silver market Peter still doesn't believe and if he does he won't come public about it....what a coward!
troybr79 7 months ago
@troybr79 I do not believe the government is falsifying data. The methodology for computing the data is flawed, which leads to false results
SchiffReport 7 months ago 12
This has been flagged as spam show
@troybr79 Want to know how to succeed in the upcoming economy? Go to my channel and watch 10 Years Later; After 9/11 it is crazy.
withnonamemarketing 7 months ago
Nice report M. Schiff, it's so true.
Soon the US will have employee protective policies against firing for incompetence... True land of laziness.
Castorios 7 months ago
Is it me or does it seem that Peter's outfit and background always look the same for every single video
shotsky94 7 months ago
14:15 "rolls into a job interview in a wheel chair........"
I'm sorry but that was so freaking funny!!!!!!!!
rudemood2011 7 months ago
Wonderfull Peter!
MetalHeadViking 7 months ago
@11mac11s What might your species be?
mattghtpa 7 months ago