What a knob! This is the same idiot who laughed at peter in 06 when he said this would happen. Government caused the problem and this idiot wants them to fix it. When the private sector company makes mistakes they are punished and reduced. When the government makes a mistake they get bigger and take more control. WTF!!!!
leeb, you say you don't want 25% unemployment...but all you are proposing will just extend the inevitable...we will have 25% unemployment in the future at some point as part of the massive bubble we have created....its already at 16%
RON PAUL, WE ARE STILL WAITING FOR AN ANSWER! TELL AMERICAN PEOPLE HOW EXACTLY RU GOING TO CREATE JOBS? OK LETS SAY ALL TROOPS CAME BACK AND THEN WHAT? THEY ARE GOING TO SELL IPHONES AND BLACKBERRIES? DUDE BE A MEN, HOW RU GOING TO CREATE JOBS? POPULATION OF CHINA IS 1.4 B CHINESE WORK LIKE ROBOTS, BE HONEST TELL AMERICAN PEOPLE TO BUY UR BOOK U NEED CASH , U LOVE POWER, U LOVE CASH, U WILL NEVER CREATE JOBS, U HAVE NO ANSWER!
The funny thing about Stephen Leeb's pathetic fertilizer argument....
Farmers were among the last people to sign up for banker debts in America. Farmers don't need debts. The crops will grow next year whether you mortgage your house or not.
Government NEVER relinquishes power it is given, to say otherwise is Naive!
"“Government is not reason, it is not eloquence, it is force; like fire, a troublesome servant and a fearful master. Never for a moment should it be left to irresponsible action.” George Washington
I recall watching this live. Leeb's point was that "a little gov intervention NOW will pay off later". When Leeb would finally shut up for a split second, Peter would tell Leeb that he was wrong.
Two weeks ago (Sept 2010), I received Leeb's latest financial marketing rag in the mail. In it, he admits that he was WRONG-that the massive gov bailout was a mistake.
In Hulbert's financial evalution of the best investing strategies, Leeb is just average.
f oboma delcares marshall law he holds his presidency but its up to you america TO SAY NO AND KNOW THAT THERE IS NO EMERCENY! STAND UP FOR WHAT YOU WANT! A WORLD WHERE AMERICA IS NOT A PIG AND WHERE YOUR NOT VEIWED AS A VICIOUS WAR MACHINE! WITH NO RESPECT FOR OTHERS FROM YOUR BROTHERS FROM THE NORTH STAND UP AND FIGHT! REVOULUTION 2012!!
"Farmers can't grow crops and people will starve"... jeezus you're retarded. Farmers can't get credit? even if people start starving? are you retarded? Sounds to me that investing your money in a farmer at a time when people are starving would be a BRILLIANT way to become a millionaire.
what a god damned moron. I haven't even taken an economics course at ANY university...
(but i've been studying austrian econ at home in my free time!)
Leeb is an idiot. The government turned a severe recession into the great depression and it sustained the depression for 17 YEARS. It wasn't until after world war II when the american stopped strangling the economy that it recovered.
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Schiff said that a bailout now (then) would only lead to a bigger bailout later. Hmmm, I guess we see who was right, now that Obama has got his stimulus package.
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3:50 Leeb I'd rather give the government a little control now
5:00 Leeb I don't want a dictator people but thats what you're advocating
The government can only be a dictatorship when the people give them control. Leeb is unwittingly paving the way towards a dictatorship.
No economy in history has been without problems. In America previous problems have been resolved without government intervention. Reagan conciously stayed out the the drop in 1987 and the market fixed itself in two weeks.
Schiff sounds sweet on the ears. This is an operation gladio like ploy to leave one of their corrupt inside our ranks to further the _ew world order agenda set by Mayer Amschel Rothschild in 1776. Schiff's great grand daddy Jacob, was raised in a Rothschild estate, later sent to America as another front for the Rothschild's with his Kuhn, Loeb bank and their Jekyll Island 1913 FED set up. Capitalist Jacob Schiff financed bolshevik (aka communist) V.Lenin (Jew) whom killed 30+ million Christians.
It seems to be a habbit though for people to talk over him...maybe cause they cant really talk sence like he can so they figure well I'll just yap yap yap so he does not get time to talk.His a inlightend cat this Mr Schiff
CNN want that stupid shit talk and prevent peter from talking because they only want to hear the good thing and convince everyone that government are doing the right thing. Stop watching CNBC, Bloomberg, Fox, CNN or other media as they will only make things worst
Like a lot of people that are ahead of their time, they learn to have patience for people that aren't there yet because they encounter it so often. Otherwise they've eventually have a stroke or a corinary out of frustration. I'm sure he's satisfied knowing that's he's right and will eventually be vindicated in the minds of people that care enough to understand.
Steven Leeb is an establishment hack who is disagreeing with the guy who CALLED the meltdown TO THE TEE 6 YEARS AGO! Schiff is absolutely correct and Leeb doesn't know what he's talking about!
Schiff knows what's going on. I wish more people did who had power. Government bailouts are like college professors bailing out students with free As. No you let the student fail and retake the course and really learn the material.
the reason why their not posting anymore is cause thier actually getting off thier asses and researching the cause and effect of the problems themselfs not listening to some guy pat them on that ass and tell them if you say everythings ok it is baby
All those who argued against Peter Schiff have shown a poor understanding of economics. It's interesting to note that none of them are on these postings anymore. Are they not being invited or have they declined because they can't face the fact that they have been so wrong. BTW, newsfeed from 5:15 on - US govt is playing a dangerous game supplying arms to Taiwan. It's also being a hypocrite because it wouldn't like any country supplying arms to Cuba.
Yeah, right now the house is on fire, and those retards went and poured gasoline on it. Good work boys.
Beady eyes is an idiot. Life went on after the Depression. Farmers will find ways to grow crops.
I have been following Peter Schiff for the last 12 years and all I can say is THANK YOU MR SCHIFF!! With your help, I TRIPLED MY SAVINGS and my 401k fund HAS NOT LOST A PENNY, but has even MADE money in the last few months. I CANNOT THANK YOU ENOUGH! God bless you Mr Schiff.
The govt. is forcing banks to make the loans and are backing them up with credit default swaps. Sounds familiar. The reason no one wants to loan to other banks is that no one knows how much garbage debt they have. It's like russian roulette. You know there's a bullet in there and everytime you loan out money to someone you're pulling the trigger to see if the bullet goes off. Banks hoarding money decreases the money supply a lot like deflation before the great depression.
my senator mitch mcconnell voted yes bailout and he has lost my VOTE here everyone else needs to do the same find out who your congressman and senators are and vote them out get a sign for who is running agianst them put it in your yard and lets vote these crooks out of office and dont forget OBAMA / MCCAIN WHO BOTH VOTED FOR IT ( VOTE THIRD PARTY)(VOTE NADER)
I think credit should remain tight for families and individuals, and put certain allocations on credit for businesses that are vital to human SURVIVAL! The part about farmers not getting capital - THEY NEED IT. However, you are going to see retail chains which sell "want" items dropping like flies as people tighten their spending. As for people not getting financing on a fuckin' car or home equity loan, or even more credit cards - FUCK 'EM! They spent it all and are making minimum payments!
is anyone else sick of this scare tactic? Go to Wikipedia and look at all of the entities that own U.S. treasuries. A lot are owned by foreign entities, but most of them are still owned by the Federal Reserve. btw, it's not too common that companies pay their employees on credit. Try equities, retained earnings, etc. these news anchors are drinking koolaid too. she can't phrase her questions right then tries to edit by yelling over one or two guys. STFU woman, steve is irritating enough!
my senator mitch mcconnell voted yes bailout and he has lost my VOTE here everyone else needs to do the same find out who your congressman and senators are and vote them out get a sign for who is running agianst them put it in your yard and lets vote these crooks out of office and dont forget OBAMA / MCCAIN WHO BOTH VOTED FOR IT ( VOTE THIRD PARTY)(VOTE NADER)
How are people still arguing against Peter? He's the only one on TV whose track record has proven true. It's doubtful that the little bug-eyed guy on display here can say the same (not to mention the hack of a CNN anchor).
Peter is 100% damn right! The government caused this financial nightmare and the bailouts made it worse as we saw last week. Its like using a firehouse that's pumping gasoline to extinguish a house fire. Socialism cause this problem and more socialism will make it worse folks. Capitalism is the cure.
Leeb calls an World Hero Charles Lindburg a dictator. What and insult. Leeb has cost millions of Americans millions their savings based on his own personal profit motives. Don't mess with The Aviator; Leeb, or American History.
STEVE, FUCK U.. Motherfucking dickhead. he speaks like a high-school girl, a high-pitched geek. Thx GOD we have Peter Schiff.. i totally agree with demiart, he's the only level-headed guy in the room the rest are just Cheerleaders.
"Put the fire out", "totalitarian leadership", "mass starvation", "nuclear war". Come on! Can't people have a rational discussion about this without turning on the sirens? They might as well say the economy was targeted by terrorists.
Peter Schiff is the only one here keeping a level head and is the only one who has been consistently correct in his analyses. I'm grateful for his rational, reasonable voice during this time.
I think it is time for America to file for bankruptcy and let China take over, hell it seems like they run a socialist government better than our so called free market.
I have got a message for this testiclesless Zionist puppet Leeb: GO FUCK YOURSELF. You will soon follow all Bernankes, Greenspans and other zionist monsters to the financial heaven. America, it is time for revolution.
Steven 'Dweeb' - he's terrible. In World War 2, all of Japan was bankrupt, and it bounced right back to become one of the superpowers before the central bank screwed up trying to shore up some banks .... whoops ! The lost decade.
Leeb looks and sounds like the stereotypical government weasel. "It's all OK. We have to fix this or everyone will die! The government is your friend. We're here to help. You're too stupid to figure this out on your own."
dude that asshole with the glasses is a moron. "Peter, I don't want to have a dictator for a gov, so let's bail everyone out" Fucking retard. Anyone who listens to that fucking dude with the glasses should just stick a gun in their mouth now.
ron paul and peter schiff have predicted everything right.. look he even said after the bail out the stocks are gonna keep falling.. look what happened today?(dow down 400 points, oct06/08) and this is after the bail out has been passed.
but america is stupid enough to ignore.
just sit back and watch how american empire is going down because of their arrogance and atrocities around the world
So we either inflate our paper for the benefit of the rich, or we will end up in a dictatorship? What kind of crazy horsesh*t is this? We've been through a depression with no such thing happening so why is the beaver-like man ranting about these things?
It's amazing how this little mindless gnome is talking down to Peter. Government grew by leaps and bounds during the Depression. FDR and the Fed prolonged it. Government control? Wait until the dollar collapses, *then* you'll see government control. At least during the Depression we were still on a gold standard.
Talk about trying to produce scarecity by comparing it to anticipating a nuclear war, lol. Not like the Earth or the workforce are going to disappear. This should be seen as a great oppurtunity for people to start cooperating and helping eachother in new ways.
CEO's taking in millions while crying for a bail-out. Now this bail-out passes and the market drops. Now they use more fear to rape the tax payers and destroy the dollar. Prepare for hyperinflation!
So... giving $700 billion to China, Germany, Japan, makers of wooden arrows, etc... is gonna save the farmers?!?! Fuck, farmers have to struggle with insane fuel prices, grain prices, property taxes, and losing their homes. I don't think China cares...
NO MORE BULLSHIT. I have faith that the American People will still wake up (even though a lot of us nut jobs, loons, tinfoil hat wearing, unpatriotic citizens have been saying that for years).
This stupid "house is on fire" or "the curtains are on fire" analogy everyone keeps using is ridiculous. You don't keep using curtains or a house that burned down, right? They want to live in a charred wreck?
Ron Paul 7.16.02 - The Free Housing Market Enhancement Act also repeals the explicit grant of legal authority given to the Federal Reserve to purchase the debt of housing-related GSEs. GSEs are the only institutions besides the U.S. Treasury granted explicit statutory authority to monetize their debt through the Federal Reserve...Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market.
leeb is a moron, a little gov. control. yeah right. schiff is WAY smarter than that moron. and as of right now 4 am central all of the global markets are in red ink free fall. way to go leeb, ya putz
1.Bail out, No! Falsely holding up the value that is false and the real reason is to continue the downward spiral of all currencies World wide.2.The true value of the dollar is .25 cents and all currencies of the World is equally inflated to this false level,with no hard backing(Gold or Silver or oil)so the bailout would not work.3.Let the currencies fall and everything with it,this would freeze all movements,by propping up the false value,China,India will fall to very low economic levels
2:33 "FARMERS WON'T BE ABLE TO GROW THEIR CROPS AND THE WORLD WILL STARVE!" ha ha. What a clown. I love it how he is like Peter, I agree with you blah blah. Wow, no you dont fool! You wont even listen to Peter.
5:05 Peter is advocating a dictator. Was I the only one not made aware of this?
exactly... I agree with you. have you noticed that they rarely bring back the same idiot who disagrees with peter schiff. every time they bring a new stupid inbreed to try and discredit Peter schiff.
heh. OMG!!! THE PEOPLE WHO OWN THE FARMLAND CAN'T GROW CROPS BECAUSE THEY CAN'T AFFORD TO GROW CROPS!!!
uh, news flash... what do you think they do with their seeds? THEY SELL THOSE AS WELL!?!??!!! If they need seeds they just KEEP SEEDS. Holy shit, this guy makes it sound like farmers don't know how to keep their own farms running.
Leeb is inferior to Schiff. I read both their books. Leeb said that the subprime would never happen simply because it's too big to happen. Schiff called it play by play. Leeb is a nut, and is an enemy of freedom.
We should have contest to see who can up with the most outrageous claims of doom. How about: "If we don't get the bailout, Jesus will have to be crucified again!"
Leeb was on a show 2 ears ago with Peter when Leeb stated he would bet peter a dollar, or a penny (some small amount) that he was right and Peter was wrong on the economy. Leeb was obviously wrong, where's Peter's money?
Alan Greenspan poured gasoline to fire and the fire burned and destroy the house. Now, the fire is put out by lack of credit. Government is again try to pour more gasoline.
Did I say tax payers?????No, it's not only the tax payers. The inflation will hit everyone in an equal proportion. The poorest guy will pay the same equal increase amount for the food he buys.
When market works, only specific good investment gets the loan.
Socialists wanted and want now to keep this falsely inflated loan amount. 5 years later, this bubble will still burst. This bad loan will be caused by bad loan made by those banks to those who couldn't afford it. Then, the banks will again ask tax payer to pay it off.
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If Schiff is so wise, why can't he answer the questions.
It's easy to point out the problems! In all the interviews I've not seem Schiff offer anything other than hind site, saying that the economy shouldn't have been so large in the first place.
So therefor by agreeing with him, you agree that you should not have your current quality of life...
You're so ignorant it's pathetic. He said to fix it let the free market work. The reason we are having this problem is because we didn't let the free market work.
It make me laugh how so many people with so little understanding of basic maths let alone economics, talk on here like experts!!!
So by agreeing with Schiff you agree that the economy was far too large. All experts agree that if the lending situation continues small businesses will start go under in a big way.
Maybe Ron Paul says some things that you like, but anyone with a brain knows that his economic policy will return America to the dark ages.
You do not listen to Schiff. He doesn't say the economy should not be larger. He is saying the goverment should stay out of the economy. The Fed with cheap credit inflate by printing money in certain sector creating overpriced and overconsumption. Most of the listeners of Schiff are smart enough to not get into debt therefore they do deserve the quality of life they have.
am I? You either didn't listen th Schiff. If you look at his videos or if you read his book, you will see how many times he said that lending comes from saving and not from a printing press. He is against
He is not against a too large economy. He just doesn't want an excess of consumption from printed money and overborowing. The economy should be large, but it should comes from savings. Now since America has lived beyond its means, it has to leave beneath its means to correct the mistakes. If America comes back to a free sound free market principles ; There will be recession, a huge one. But for a year or two only; By bailing out failed companies you are assuring a depression with hyperinflation.
Borrowing should be used for investments, not for consumption. When the government start printing money to 'stimulate' certain sector of the economy. It creates bubbles and they finally burst.
I recommend YOU to learn about the fractional reserve system or go to Argentina and ask them if printed money really does work.
Barack Obama says he will Change America, but he said "People in the midwest are bitter and they cling to there guns and there religion. He sat in a church for 20 years while Rev. Jeremiah Wright preached hate, his association Domestic Terrorist William Ayers, His wife said she has never been been proud of her country until this year. he hasnt accomplished anything in the Senate, besides voting 94 times to raise taxes on the middle class. Are you sure this man is the right man to be President.
What a knob! This is the same idiot who laughed at peter in 06 when he said this would happen. Government caused the problem and this idiot wants them to fix it. When the private sector company makes mistakes they are punished and reduced. When the government makes a mistake they get bigger and take more control. WTF!!!!
Freedomnotforced 1 week ago
fuck that steve guy sucks barney franks cock
fuckoff187 2 weeks ago
leeb, you say you don't want 25% unemployment...but all you are proposing will just extend the inevitable...we will have 25% unemployment in the future at some point as part of the massive bubble we have created....its already at 16%
MrGiggity890 2 weeks ago
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RON PAUL, WE ARE STILL WAITING FOR AN ANSWER! TELL AMERICAN PEOPLE HOW EXACTLY RU GOING TO CREATE JOBS? OK LETS SAY ALL TROOPS CAME BACK AND THEN WHAT? THEY ARE GOING TO SELL IPHONES AND BLACKBERRIES? DUDE BE A MEN, HOW RU GOING TO CREATE JOBS? POPULATION OF CHINA IS 1.4 B CHINESE WORK LIKE ROBOTS, BE HONEST TELL AMERICAN PEOPLE TO BUY UR BOOK U NEED CASH , U LOVE POWER, U LOVE CASH, U WILL NEVER CREATE JOBS, U HAVE NO ANSWER!
democratsaresmart 6 months ago
Peter was right, Ron Paul was right as always, and the nerdy guy with glasses was wrong!
freedomfighter790 8 months ago
The funny thing about Stephen Leeb's pathetic fertilizer argument....
Farmers were among the last people to sign up for banker debts in America. Farmers don't need debts. The crops will grow next year whether you mortgage your house or not.
LordDyhalto 9 months ago
I'm glad I found Peter Schiff. His advice has made me a bit of money.
Ghost9909 9 months ago
Boy, was Peter right...
uwmbigb 9 months ago
Government NEVER relinquishes power it is given, to say otherwise is Naive!
"“Government is not reason, it is not eloquence, it is force; like fire, a troublesome servant and a fearful master. Never for a moment should it be left to irresponsible action.” George Washington
TheConstitutionMan 1 year ago
I recall watching this live. Leeb's point was that "a little gov intervention NOW will pay off later". When Leeb would finally shut up for a split second, Peter would tell Leeb that he was wrong.
Two weeks ago (Sept 2010), I received Leeb's latest financial marketing rag in the mail. In it, he admits that he was WRONG-that the massive gov bailout was a mistake.
In Hulbert's financial evalution of the best investing strategies, Leeb is just average.
noclouds111 1 year ago
I see USA turning into Nazi Germany of 1939
The question is who they are going to attack NEXT ?
aviomaster 1 year ago
For Americans who do not get outside NEWS ... in their censored TV stations
USA - IS considered in Europe largest threat to the world peace ... one place above IRAN ...
1 USA
2 Iran
3 N Korea
aviomaster 1 year ago
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f oboma delcares marshall law he holds his presidency but its up to you america TO SAY NO AND KNOW THAT THERE IS NO EMERCENY! STAND UP FOR WHAT YOU WANT! A WORLD WHERE AMERICA IS NOT A PIG AND WHERE YOUR NOT VEIWED AS A VICIOUS WAR MACHINE! WITH NO RESPECT FOR OTHERS FROM YOUR BROTHERS FROM THE NORTH STAND UP AND FIGHT! REVOULUTION 2012!!
blog123456789 1 year ago
This Leeb guy is in eternal denial
Sivels 1 year ago
Wow, this nerd is a moron.
"Farmers can't grow crops and people will starve"... jeezus you're retarded. Farmers can't get credit? even if people start starving? are you retarded? Sounds to me that investing your money in a farmer at a time when people are starving would be a BRILLIANT way to become a millionaire.
what a god damned moron. I haven't even taken an economics course at ANY university...
(but i've been studying austrian econ at home in my free time!)
evangrogers 2 years ago
if you put the house on fire your self, why should everybody help you putting it out with means that doesn't exist?
icjinu 2 years ago
Leeb is an idiot. The government turned a severe recession into the great depression and it sustained the depression for 17 YEARS. It wasn't until after world war II when the american stopped strangling the economy that it recovered.
soylentgreenb 2 years ago 3
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Jesusasds 2 years ago
You need to know what caused the problem if you want to solve the problem.
iwanagaa1919 2 years ago 2
Schiff said that a bailout now (then) would only lead to a bigger bailout later. Hmmm, I guess we see who was right, now that Obama has got his stimulus package.
Shewib 2 years ago 5
@Shewib indeed...and it's going to keep getting bigger....say, aren't they about to raise the debt ceiling agagin 1.2 trillion in a week or so???
MrGiggity890 2 weeks ago
He's worried about another Hitler?!? If the the government keeps on bailing out banks and corporations his worries might come true.
xxashyy 3 years ago
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I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews (dot) net It has really helped like 20 of my main videos get to the top in position.
There is software im using to send atleast 30,000 text message a day advertising my online business...it is amazing. I think they have free demos to try as well.
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I like what i watched.
Glitsylee 3 years ago
The Strokes reference quotes. House on fire from the room on fire.
nammek 3 years ago
3:50 Leeb I'd rather give the government a little control now
5:00 Leeb I don't want a dictator people but thats what you're advocating
The government can only be a dictatorship when the people give them control. Leeb is unwittingly paving the way towards a dictatorship.
No economy in history has been without problems. In America previous problems have been resolved without government intervention. Reagan conciously stayed out the the drop in 1987 and the market fixed itself in two weeks.
thomaserossi 3 years ago 5
~1:00 Look at Leeb's hand, it's twitching like he's a nervous three year old. CNN is a damn joke for even having this guy on the air.
thomaserossi 3 years ago 2
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Schiff sounds sweet on the ears. This is an operation gladio like ploy to leave one of their corrupt inside our ranks to further the _ew world order agenda set by Mayer Amschel Rothschild in 1776. Schiff's great grand daddy Jacob, was raised in a Rothschild estate, later sent to America as another front for the Rothschild's with his Kuhn, Loeb bank and their Jekyll Island 1913 FED set up. Capitalist Jacob Schiff financed bolshevik (aka communist) V.Lenin (Jew) whom killed 30+ million Christians.
gaycure 3 years ago
3:40 Leeb - "I don't want to see unemployment fall to 25%."
And here I thought it was about 6%.
MooseOfReason 3 years ago
It seems to be a habbit though for people to talk over him...maybe cause they cant really talk sence like he can so they figure well I'll just yap yap yap so he does not get time to talk.His a inlightend cat this Mr Schiff
Keranofkri 3 years ago
Peter and Ron Paul are the best ! :)
Zarack666 3 years ago
Peter's brother did his radio show for him last night. He seems like a great guy too.
Thank goodness for these great YouTube videos showing who has been speaking the truth for the past 6 years.
TheRedPriestofVenice 3 years ago 3
LOLMA "the world will starve" if the government does not spend our money against our will.
putittogether 3 years ago
lolx. the world will starve.
rosewood223 3 years ago
I read Schiffs book "Crash Proof (1996)". Very good book if anyone wants to understand more what is actually happening.
liberty130 3 years ago 2
CNN want that stupid shit talk and prevent peter from talking because they only want to hear the good thing and convince everyone that government are doing the right thing. Stop watching CNBC, Bloomberg, Fox, CNN or other media as they will only make things worst
ru40342 3 years ago 2
How are these fu(ks still not listening to him(Schiff) un-f-in-believable. The US is going to go down the drain and i am moving to Canada.
rsamra 3 years ago
I have no idea how Peter keeps his cool. Because if I was him i would have punched this deuche bag a long time ago.
MIT2004 3 years ago 14
Like a lot of people that are ahead of their time, they learn to have patience for people that aren't there yet because they encounter it so often. Otherwise they've eventually have a stroke or a corinary out of frustration. I'm sure he's satisfied knowing that's he's right and will eventually be vindicated in the minds of people that care enough to understand.
GaryVolts 3 years ago
Steven Leeb is an establishment hack who is disagreeing with the guy who CALLED the meltdown TO THE TEE 6 YEARS AGO! Schiff is absolutely correct and Leeb doesn't know what he's talking about!
19Truth53 3 years ago 2
i have an idea... it's not possible... but can countries file chapter 11 protection? :P
I take a step back and consider how long USA has been around and how long all these other countries were doing, and I wonder...
USA is like the (proverbial) Teenager with their first credit card.
Anyway, if you want to see how far the rabbithole goes, search YouTube for "John Perkins" or "Economic Hitman". (also in my playlists). Deeeeeeeeep.
tillo2008 3 years ago
Hahah...the US files chapter 11. I haven't heard that before. Hilarious...
Yeah, the USA is a the child of a wealthy, proper, self-made man...wait, that's it.
The US = Paris Hilton.
roddiero 3 years ago
Too bad farmers don't grow brains because that's what this guy Leeb needs.
morosi15 3 years ago 4
Puttin out the fire with gasoline...more easy credit
Martintfre 3 years ago 4
wot does printing money have to do with fertilizer for farmers?? lieb is an idiot
tech4156 3 years ago
Schiff knows what's going on. I wish more people did who had power. Government bailouts are like college professors bailing out students with free As. No you let the student fail and retake the course and really learn the material.
howitzer24 3 years ago
the reason why their not posting anymore is cause thier actually getting off thier asses and researching the cause and effect of the problems themselfs not listening to some guy pat them on that ass and tell them if you say everythings ok it is baby
xlightwavex 3 years ago
The problems with our banking system may only be solved with investing in lead and rope.
jerryjam051 3 years ago
more fearmongering.....how ridiculous....Schiff rules
rangeyer 3 years ago
sheep...Schiff is in a room of idiots
WHEREtheFUNK 3 years ago 2
Youtube removed my comment and other responses over the last 4 days. Whats up? Are they getting concerned.
itillbeme 3 years ago
That one guy looks like a squirrel on X :)
Elg1no 3 years ago 4
or in the middle of the road in your headlights
pretorious700 3 years ago
All those who argued against Peter Schiff have shown a poor understanding of economics. It's interesting to note that none of them are on these postings anymore. Are they not being invited or have they declined because they can't face the fact that they have been so wrong. BTW, newsfeed from 5:15 on - US govt is playing a dangerous game supplying arms to Taiwan. It's also being a hypocrite because it wouldn't like any country supplying arms to Cuba.
sax42 3 years ago
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18-F-Florida - MSG me on MSN. ID is in my profile. p
2wheelbri 3 years ago
who the fuck is thie Steve guy., He talks like a maniac on ecstasy with his eyes wide open.
imaginator 3 years ago 5
Yeah, right now the house is on fire, and those retards went and poured gasoline on it. Good work boys.
Beady eyes is an idiot. Life went on after the Depression. Farmers will find ways to grow crops.
I have been following Peter Schiff for the last 12 years and all I can say is THANK YOU MR SCHIFF!! With your help, I TRIPLED MY SAVINGS and my 401k fund HAS NOT LOST A PENNY, but has even MADE money in the last few months. I CANNOT THANK YOU ENOUGH! God bless you Mr Schiff.
FedFarmer 3 years ago 4
Peter is right and has been all along. I wonder if these morons that argue with him will ever have the integrity to admit it!
Art Laffer and that bunch of nitwits shouldn't even by allowed to comment on public media.
OldBenFranklin 3 years ago 5
3:27-3:30...sound familiar? People said that as Hitler assumed more and more power. It was okay with them. Look at what happened.
emlounge 3 years ago 3
Watching these media shills attack Peter, shows that they are in bed with the wankers who created the mess and profited from it.
nikto2000 3 years ago 3
both scary and compelling
bonkersmcbonkers 3 years ago
What a rude little weasel.
Please note- who got more airtime?
Don't tell me the media has no agenda.
rpm297 3 years ago 3
The govt. is forcing banks to make the loans and are backing them up with credit default swaps. Sounds familiar. The reason no one wants to loan to other banks is that no one knows how much garbage debt they have. It's like russian roulette. You know there's a bullet in there and everytime you loan out money to someone you're pulling the trigger to see if the bullet goes off. Banks hoarding money decreases the money supply a lot like deflation before the great depression.
joesatube 3 years ago
k i need someone to likc my pussy f
fetchotube 3 years ago
my senator mitch mcconnell voted yes bailout and he has lost my VOTE here everyone else needs to do the same find out who your congressman and senators are and vote them out get a sign for who is running agianst them put it in your yard and lets vote these crooks out of office and dont forget OBAMA / MCCAIN WHO BOTH VOTED FOR IT ( VOTE THIRD PARTY)(VOTE NADER)
rumpelstillskin65 3 years ago
I think credit should remain tight for families and individuals, and put certain allocations on credit for businesses that are vital to human SURVIVAL! The part about farmers not getting capital - THEY NEED IT. However, you are going to see retail chains which sell "want" items dropping like flies as people tighten their spending. As for people not getting financing on a fuckin' car or home equity loan, or even more credit cards - FUCK 'EM! They spent it all and are making minimum payments!
mycatisromeo 3 years ago
is anyone else sick of this scare tactic? Go to Wikipedia and look at all of the entities that own U.S. treasuries. A lot are owned by foreign entities, but most of them are still owned by the Federal Reserve. btw, it's not too common that companies pay their employees on credit. Try equities, retained earnings, etc. these news anchors are drinking koolaid too. she can't phrase her questions right then tries to edit by yelling over one or two guys. STFU woman, steve is irritating enough!
therealcaptobvious 3 years ago
my senator mitch mcconnell voted yes bailout and he has lost my VOTE here everyone else needs to do the same find out who your congressman and senators are and vote them out get a sign for who is running agianst them put it in your yard and lets vote these crooks out of office and dont forget OBAMA / MCCAIN WHO BOTH VOTED FOR IT ( VOTE THIRD PARTY)(VOTE NADER)
rumpelstillskin65 3 years ago 2
Peter Schiff schooled this puppet...
glennokada 3 years ago 3
How are people still arguing against Peter? He's the only one on TV whose track record has proven true. It's doubtful that the little bug-eyed guy on display here can say the same (not to mention the hack of a CNN anchor).
WelfareRobot 3 years ago 2
THE HOSE IS ON FIRE! THROW MONEY ON IT! Dumbasses
jpadilla33 3 years ago
Still laughing? Geez what will it take to wake these talking heads up?
repfreedomforce 3 years ago
Peter is 100% damn right! The government caused this financial nightmare and the bailouts made it worse as we saw last week. Its like using a firehouse that's pumping gasoline to extinguish a house fire. Socialism cause this problem and more socialism will make it worse folks. Capitalism is the cure.
bejaar 3 years ago 2
"the government caused the problem"
"WE CAN'T TALK ABOUT WHO CAUSED THE PROBLEM, WE MUST LET GOVERNMENT SOLVE THEIR OWN PROBLEM"
this guy is sucking the teat of government.
h0bart 3 years ago
Leeb calls an World Hero Charles Lindburg a dictator. What and insult. Leeb has cost millions of Americans millions their savings based on his own personal profit motives. Don't mess with The Aviator; Leeb, or American History.
itillbeme 3 years ago
STEVE, FUCK U.. Motherfucking dickhead. he speaks like a high-school girl, a high-pitched geek. Thx GOD we have Peter Schiff.. i totally agree with demiart, he's the only level-headed guy in the room the rest are just Cheerleaders.
Paseooo98765 3 years ago 3
IT is appropriate for Peter to continue his efforts at educating people, and to discuss the hard medicine required.
MotAdvNSW 3 years ago 3
I was for the bailout... but after watching and listening to Peter Schiff, I see my error. The Bailout was a super bad idea.
kendrickdk 3 years ago
"Put the fire out", "totalitarian leadership", "mass starvation", "nuclear war". Come on! Can't people have a rational discussion about this without turning on the sirens? They might as well say the economy was targeted by terrorists.
Peter Schiff is the only one here keeping a level head and is the only one who has been consistently correct in his analyses. I'm grateful for his rational, reasonable voice during this time.
demiart 3 years ago 4
I'm watching this vedio from Canada; and I've bought gold/silver since Aug 2007. I'm glad I did thanks to Peter Schiff.
codematrix 3 years ago
Im stripping down.......you boys watching???? send me a message
dedniel 3 years ago
I think it is time for America to file for bankruptcy and let China take over, hell it seems like they run a socialist government better than our so called free market.
bluemonday2020 3 years ago
lol at the dude with glasses. New World Order. Peter is fighting the good fight.
Jbr5042 3 years ago 2
I have got a message for this testiclesless Zionist puppet Leeb: GO FUCK YOURSELF. You will soon follow all Bernankes, Greenspans and other zionist monsters to the financial heaven. America, it is time for revolution.
mountainpatriot 3 years ago 2
The people just want the truth. We can handle the consequenses
caganb 3 years ago
Steven 'Dweeb' - he's terrible. In World War 2, all of Japan was bankrupt, and it bounced right back to become one of the superpowers before the central bank screwed up trying to shore up some banks .... whoops ! The lost decade.
prana8 3 years ago 2
The lost decade is actualy the couple of lost decades. Their GDP is estimed to fall 2,5% this year
xaviqaz 3 years ago
Leeb looks and sounds like the stereotypical government weasel. "It's all OK. We have to fix this or everyone will die! The government is your friend. We're here to help. You're too stupid to figure this out on your own."
nobama2008forever 3 years ago 2
LOLZ, maybe fertilizer stocks dropped along iwth EVERYTHING else because all the hedge funds pumping the shit stocks up are now forced to deleverage??
Farmers cant grow crops anymore because they cant buy fertilizer and we all starve lololol oh my
jamotide 3 years ago
i'm watching this video from central Ohio amid a sea of obama campaign signs....god help us all
wholelottabon 3 years ago
I used to live in Dublin. God help us!!!!
ohio1998 3 years ago
dude that asshole with the glasses is a moron. "Peter, I don't want to have a dictator for a gov, so let's bail everyone out" Fucking retard. Anyone who listens to that fucking dude with the glasses should just stick a gun in their mouth now.
daveho77 3 years ago 10
I agree, the Leeb guy is a fucking retard.
ohio1998 3 years ago 3
I can't stand that lil dood.
BlackNapkins86 3 years ago
The guy on the left has the most annoying voice ever.
Austrolibertarian 3 years ago
stupid americaaaaaaaa, stupid americaAAAAAAAAAA
hahaha,,
ron paul and peter schiff have predicted everything right.. look he even said after the bail out the stocks are gonna keep falling.. look what happened today?(dow down 400 points, oct06/08) and this is after the bail out has been passed.
but america is stupid enough to ignore.
just sit back and watch how american empire is going down because of their arrogance and atrocities around the world
atif7865 3 years ago 2
that guy with the glasses is a freak. Pushing the neo-con agenda.
southalgent 3 years ago
So we either inflate our paper for the benefit of the rich, or we will end up in a dictatorship? What kind of crazy horsesh*t is this? We've been through a depression with no such thing happening so why is the beaver-like man ranting about these things?
WallyAnti 3 years ago
Leeb is a real worm. The bailout passed and the market fell. He knows nothings.
WallyAnti 3 years ago 2
He looks and sounds like the gnome in Labryinth. :)
Goofy1222 3 years ago
BOTH McCain (NeoCon-Fascist) & Obama (Democrat-Socialist) ignore their Constitutional Oath & embrace this Federal Totalitarianism!
Want REAL change? YOU Change!
Vote for ANY 3rd party & most importantly Buy Food, Buy Gold and ARM YOURSELVES for defence against the Fed govt!
yakyakyak69 3 years ago 2
It's amazing how this little mindless gnome is talking down to Peter. Government grew by leaps and bounds during the Depression. FDR and the Fed prolonged it. Government control? Wait until the dollar collapses, *then* you'll see government control. At least during the Depression we were still on a gold standard.
launchpadmcquak 3 years ago
ugh not this little elf again.
launchpadmcquak 3 years ago 3
The world will starve!! LMAO!!!
86kinky86 3 years ago
Yea, while this asshole Leeb sits around for the governemnt to feed him!
ohio1998 3 years ago
lol the bald guy is an alarmist, good job cnn, giving a mike to the whackos and shutting up the people who actually know what they are talking about.
dagoth04 3 years ago
Good lord. Why can't people listen to the people that make sense for ONCE?!
sonnybrown 3 years ago
Talk about trying to produce scarecity by comparing it to anticipating a nuclear war, lol. Not like the Earth or the workforce are going to disappear. This should be seen as a great oppurtunity for people to start cooperating and helping eachother in new ways.
waasabi 3 years ago
CNN really is no different then FOX. Fighting yelling and sound bites. Thanks for nothing
Mapleneckguitar 3 years ago
CEO's taking in millions while crying for a bail-out. Now this bail-out passes and the market drops. Now they use more fear to rape the tax payers and destroy the dollar. Prepare for hyperinflation!
eekdog2005 3 years ago
Peter Schiff knows his stuff. I dont know where they found this goofy fucker on the left
brucesredrocket 3 years ago
Yep, the house is on fire all right. For the love of everything good... GET OUT!
jeremyemilio 3 years ago
Where are you watching this video from? Australia.
:)
colourbox101 3 years ago
lets get this douche bag back on cnn and ask him why even now after the bailout we have another 700 point drop
balomas69 3 years ago
Remember, you MUST take one of the candidates who forced you to pay for the Wall Street bailout.
Deal?
"The two parties should be
almost identical, so that
the American people can
'throw the rascals out'
at any election without
leading to any profound or
extensive shifts in policy."
-Carol Quigley
ryanshaunkelly 3 years ago
peter knows his shit ... listen to the man ...!!!!!!!!!!! he was right 2 years ago, i bet hes right about our situation now.
skheav2k 3 years ago 3
listening to Leeb the Dweeb makes me want to sin
amagilly 3 years ago
So... giving $700 billion to China, Germany, Japan, makers of wooden arrows, etc... is gonna save the farmers?!?! Fuck, farmers have to struggle with insane fuel prices, grain prices, property taxes, and losing their homes. I don't think China cares...
NO MORE BULLSHIT. I have faith that the American People will still wake up (even though a lot of us nut jobs, loons, tinfoil hat wearing, unpatriotic citizens have been saying that for years).
username1066 3 years ago
This stupid "house is on fire" or "the curtains are on fire" analogy everyone keeps using is ridiculous. You don't keep using curtains or a house that burned down, right? They want to live in a charred wreck?
fuzzybunnies 3 years ago
How come Hank Paulson hasn't been strung up yet?
scott715 3 years ago
The bailout will NOT work.
Vote 3rd party.
cdalelefty 3 years ago 2
Ron Paul 7.16.02 - The Free Housing Market Enhancement Act also repeals the explicit grant of legal authority given to the Federal Reserve to purchase the debt of housing-related GSEs. GSEs are the only institutions besides the U.S. Treasury granted explicit statutory authority to monetize their debt through the Federal Reserve...Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market.
Google it.
Replay2x 3 years ago
I used to own a marmot.
quesmasete 3 years ago
The fertilizer stocks! The fertilizer stocks! The guy with glasses sure tried to flood the market with his own bovine fertilizer.
PuerinTheHunter 3 years ago
Shit I'd be BUYING fertilizer stocks!
ohio1998 3 years ago
How much has the marlet drooped after the bail(hand)out buddy?! UHMMM
Asshole experts, jerks like this guy is just another reason why we're in this position.
Both Dems and GOP's has just COMPLETELY robbed the American people.
SCREW us...SCREW THEM, and any who vote for these greedy pricks.
NO blue or Red...All I see now is PURPLE!
Don't give these guys your votes folks. All they gave us was the finger with this bailout!
Look outside the 2 party lieing theives!
ou8one2forme 3 years ago 3
let's see..
Market dropped, not marlet drooped.
O_0
spell check is free, I know, I know
ou8one2forme 3 years ago
on on douche bag with glasses
gavancruise 3 years ago
The Money Mafia.
MEXICANCONGRESSOCT10 3 years ago
Borrow, Print, Loan, then Borrow and Print some more. Great F-Ing system.
MEXICANCONGRESSOCT10 3 years ago
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RightWingScareTactic 3 years ago
leeb is a moron, a little gov. control. yeah right. schiff is WAY smarter than that moron. and as of right now 4 am central all of the global markets are in red ink free fall. way to go leeb, ya putz
evcrawfish 3 years ago 3
I wish Peter would reach across under the table and grab that little prick by his nuts!! Get him to SHUT THE FUCK UP for one second...Rat boy!
mrdoonbeg 3 years ago 2
1.Bail out, No! Falsely holding up the value that is false and the real reason is to continue the downward spiral of all currencies World wide.2.The true value of the dollar is .25 cents and all currencies of the World is equally inflated to this false level,with no hard backing(Gold or Silver or oil)so the bailout would not work.3.Let the currencies fall and everything with it,this would freeze all movements,by propping up the false value,China,India will fall to very low economic levels
clarisd 3 years ago
Quit with the popups i cant stand that crap
IFknHateUTube 3 years ago
leeb has the most annoying voice in the world, and he's not even trying to entertain us. or is he?
DontFearNeoIsHere 3 years ago
This fucking rat Leeb is so hilarious :D
Some time ago he was arguing his ass off and saying the US economy is great. Now he's saying "well, it happened and house is already on fire"
Bayramjyk 3 years ago 2
Im honestly surprised how stupid Leeb is.
Its... actually pretty funny.
treysparker 3 years ago 3
2:33 "FARMERS WON'T BE ABLE TO GROW THEIR CROPS AND THE WORLD WILL STARVE!" ha ha. What a clown. I love it how he is like Peter, I agree with you blah blah. Wow, no you dont fool! You wont even listen to Peter.
5:05 Peter is advocating a dictator. Was I the only one not made aware of this?
0rchardtiger 3 years ago 2
Why the heck do they invite Peter if they don't LET HIM TALK!
PuerinTheHunter 3 years ago 5
exactly... I agree with you. have you noticed that they rarely bring back the same idiot who disagrees with peter schiff. every time they bring a new stupid inbreed to try and discredit Peter schiff.
farhadcoyote 3 years ago 3
I remember this guy making fun of Schiff for predicting this recession.He should give him credit and shut up.
paul6911 3 years ago 2
there must a reason why that whenever Peter is on tv on any channel recently, mr nasal is always there.
palimony 3 years ago
heh. OMG!!! THE PEOPLE WHO OWN THE FARMLAND CAN'T GROW CROPS BECAUSE THEY CAN'T AFFORD TO GROW CROPS!!!
uh, news flash... what do you think they do with their seeds? THEY SELL THOSE AS WELL!?!??!!! If they need seeds they just KEEP SEEDS. Holy shit, this guy makes it sound like farmers don't know how to keep their own farms running.
SquigglyP 3 years ago
Leeb is inferior to Schiff. I read both their books. Leeb said that the subprime would never happen simply because it's too big to happen. Schiff called it play by play. Leeb is a nut, and is an enemy of freedom.
mj011n1r 3 years ago 5
Aren't the people who live on $2 a day "living lightly upon the earth," as the radical environmentalists recommend?
advancedatheist 3 years ago 2
Leeb Dweeb...what a idiot !!
Candanciee 3 years ago
Peter Schiff knows his stuff, thats why he wont be bankrupt in a month
splintercell99 3 years ago
i've seen Leeb 'going for it' before with Schiff, and he was like one of those annoying yappy little dogs then too...
kheptril 3 years ago
Leeb is completely on crack. Schiff is dead right.
ronpaulrevolution 3 years ago
I think Leeb is on fire. Flaming actually.
Nickelodeon2002 3 years ago
We should have contest to see who can up with the most outrageous claims of doom. How about: "If we don't get the bailout, Jesus will have to be crucified again!"
advancedatheist 3 years ago
Leeb is desperate.
Mass starvation - not if you have strong agriculture, and not the subsidized parasitic on in the US.
DreamOfTurtles 3 years ago
Leeb was on a show 2 ears ago with Peter when Leeb stated he would bet peter a dollar, or a penny (some small amount) that he was right and Peter was wrong on the economy. Leeb was obviously wrong, where's Peter's money?
raygunsben 3 years ago
Its ok Leeb lost it and got bailed out, so his check to Schiff is most likely in the mail then haha.
toddw14 3 years ago
Alan Greenspan poured gasoline to fire and the fire burned and destroy the house. Now, the fire is put out by lack of credit. Government is again try to pour more gasoline.
Please, let market does his job.
Civsuccess2 3 years ago 3
Did I say tax payers?????No, it's not only the tax payers. The inflation will hit everyone in an equal proportion. The poorest guy will pay the same equal increase amount for the food he buys.
Civsuccess2 3 years ago
Triumph of socialism?????
When market works, only specific good investment gets the loan.
Socialists wanted and want now to keep this falsely inflated loan amount. 5 years later, this bubble will still burst. This bad loan will be caused by bad loan made by those banks to those who couldn't afford it. Then, the banks will again ask tax payer to pay it off.
Let market do its job.
Civsuccess2 3 years ago
Steven Leeb is a part of the problem.
The country is in shambles exactly because jerks and idiots like him put us there.
jimjaas 3 years ago 3
We are not a developed country. We are a country with developed DEBT.
Now we will go back to reality - being a third word country.
jackzaf 3 years ago 2
This comment has received too many negative votes show
If Schiff is so wise, why can't he answer the questions.
It's easy to point out the problems! In all the interviews I've not seem Schiff offer anything other than hind site, saying that the economy shouldn't have been so large in the first place.
So therefor by agreeing with him, you agree that you should not have your current quality of life...
proudmatt 3 years ago
He give the answer all the time, the solution is no bail out. free market thats it, not that hard ahh, di you get it?
joedc 3 years ago 4
You're so ignorant it's pathetic. He said to fix it let the free market work. The reason we are having this problem is because we didn't let the free market work.
bdc03 3 years ago 3
It make me laugh how so many people with so little understanding of basic maths let alone economics, talk on here like experts!!!
So by agreeing with Schiff you agree that the economy was far too large. All experts agree that if the lending situation continues small businesses will start go under in a big way.
Maybe Ron Paul says some things that you like, but anyone with a brain knows that his economic policy will return America to the dark ages.
proudmatt 3 years ago
You do not listen to Schiff. He doesn't say the economy should not be larger. He is saying the goverment should stay out of the economy. The Fed with cheap credit inflate by printing money in certain sector creating overpriced and overconsumption. Most of the listeners of Schiff are smart enough to not get into debt therefore they do deserve the quality of life they have.
philippe1985 3 years ago
You are hilarious.
Schiff was constantly saying the economy is too large, and lending was too high. This is the reason for the bubble.
Schiff believes that the market should shrink in a bind way to correct past excesses.
But he did not answer the question about what would happen to all the small businesses while the credit remains dry.
I'd recommend you read the wiki article on the great depression, before you type your next disjointed response
proudmatt 3 years ago
am I? You either didn't listen th Schiff. If you look at his videos or if you read his book, you will see how many times he said that lending comes from saving and not from a printing press. He is against
philippe1985 3 years ago
He is not against a too large economy. He just doesn't want an excess of consumption from printed money and overborowing. The economy should be large, but it should comes from savings. Now since America has lived beyond its means, it has to leave beneath its means to correct the mistakes. If America comes back to a free sound free market principles ; There will be recession, a huge one. But for a year or two only; By bailing out failed companies you are assuring a depression with hyperinflation.
philippe1985 3 years ago
Borrowing should be used for investments, not for consumption. When the government start printing money to 'stimulate' certain sector of the economy. It creates bubbles and they finally burst.
I recommend YOU to learn about the fractional reserve system or go to Argentina and ask them if printed money really does work.
philippe1985 3 years ago
second. The one who do not answer question is Leeb. He doesn't say how more of the same failed policies is going to solve the problem.
He is trying to say to a drug addict that there is an easy way to get out. His prescription is a higher dose of drug
philippe1985 3 years ago
Yes...we should not have our quality of life. You get it. We've overspent, we have no more money, and now it's time to pay the piper...
tubezilla37 3 years ago
that was supposed to be a reply to a poster 2 pages back.....
tubezilla37 3 years ago
Hahahahah "I dont like the government either", this Leeb fucker needs to go shove his head in an oven.
avaeliuss 3 years ago 2
Barack Obama says he will Change America, but he said "People in the midwest are bitter and they cling to there guns and there religion. He sat in a church for 20 years while Rev. Jeremiah Wright preached hate, his association Domestic Terrorist William Ayers, His wife said she has never been been proud of her country until this year. he hasnt accomplished anything in the Senate, besides voting 94 times to raise taxes on the middle class. Are you sure this man is the right man to be President.
dajewfromdau 3 years ago 2