Peter is right about 90% of the time. But he keeps saying gold somehow is money per the Constitution?? BS. Peter has gold on his brain. Get off it Peter... In the mean time, there is another guy who just published a book on what everyone who is being taken advantage of can do to get back in the game after having their clocks cleaned... "Money Slaves And Cool Aid"... Get - The - Book dot com (solve the riddle and learn what to do). Good luck pounding it through their thick skulls Peter.
@gargamel11 I think the point I refer to is when the lady says something to the effect that America can afford to stimulate because we can borrow the money in the market. My point is that stimulus financed through debt is not productive. I would also extend my point with respect to consumer borrowing and spending. Certainly I agree with you that the private sector can use debt to finance expansion and productivity growth.
I don't get how he pays 50%, I doubt that. Buffet only pays about 17.9% which in fact, is more than his secretary. Still though, 50% tax.....impossible.
@lepppppp I'm a libertarian and I'm not trying to troll but I'm just saying.....we have all these corrupt politicians who cater to the rich, yet Peter who is a stock broker and well into the 1% cannot find a way around paying 35% income tax rate? Really? If he truly cannot find a loop hole or away around paying the 35% why even bother hiring a professional to do his taxes? Might as well just save money if you will have to pay the max anyways.
@theUSER101 buffet is one of the few people in this world rich enough to do this. we don't know what kind of situation schiff has with his company, and how many shareholders are in. he can't just cash out shares of europac without losing shares of his own company. if you're not looking to sell shares and piece out your company, then it's impossible to do what buffet does. buffet is one of the few in the world who can do what he does.
@lepppppp yup, and don't forget the 3% medicare matching he has to do within his company (employers must match their employee's medicare contributions), and the property taxes paid for his offices. half of the price of gas is due to taxes, and then don't forget your annual auto tax... then, the business will pay a corporate tax. it is very easy to see how schiff (or any business owner) could be paying 50% of their profits in taxes.
@theUSER101 Further, to leppp's comment, Buffet chooses to receive essentially all of his income as capital gains and dividends. These forms of income are taxed at a lower rate FOR ALL AMERICANS. He does not receive any special treatment. His secretary is paying tax on earned income, not capital gains. Buffet chooses to earn only $100k in salary. He could pay himself $500M if he wanted to, which would change his tax situation enormously.
@bobbyp21 yes of course .... the money to pay for the wars is borrowed because the Fed prints it and all money so printed is loaned to govt at interest/ - how is that interest paid? by more money printed and loaned at interest by the Fed- Jesse Ventura vid on YouTube re Wall Street explains much of it
Schiff is a glib con man...a very well paid henchman of the wealthy who would like to create an even greater gap between the very very rich and the rest of us. He started his business in 1996 -- advising the wealthy how to increase their wealth and shift investment to other countries. A one sided propagandist view if I've ever seen one.
@mrosen117 I advise you to reconsider your statement, Mr. Schiff has taken it upon himself to try and preserve the wealth of Americans, through his company he protects and invests clients’ savings and capital. Because the reality is with the current direction the nation is going we are headed for a currency collapse. And once everyone goes broke who will be left rebuild America’s economy? Answer: Euro pacific Capital clients and like-minded individuals that’s who.
Schiff is a glib con man...a very well paid henchman of the wealthy who would like to create an even greater gap between the very very rich and the rest of us. He started his business in 1996 -- advising the wealthy how to increase their wealth and shift investment to other countries.
These people will destroy your lives, destroy your children's future, and blame businessmen. They will never face the truth because they are obsessed with a morality of self-sacrifice and altruism, and not even seeing America starving to death will convince them they are wrong. Peter Schiff: thank you for this.
OMG...Dr. Boushey should just retire and go back to raising the hundreds' of cats that are probably peeing all over her apartment as we speak. Dr. Boushey and Clueless Cummings are nothing more than a basket of false hope. Shiff just dominated this entire hearing and I hope Big Hearted Boushey was taking notes. It's time to get rid of these Liberal colleges.
'Dr.' Boushay's response to Henry Ford and high worker pay question stated that not enough employers today take the high road of Henry Ford. I am embarrassed for the good ‘Dr.’ because she clearly articulated her naiveté about market economics and the most basic issue businesses face. ‘Dr.’ Boushay, it is in the interest of employers to retain their employees.
'Dr.' Boushay was educated at the New School for Social Research, located in the heart of New York City, more specifically, Greenwich Village. The school was founded in about 1920 by New York social progressives and is known for its 'avant-garde' teaching. It is also home to the World Policy Institute, an international think tank.
If you are not rich, and you listen to him, you are being tricked. Think about it: a rich man is saying we should cut his taxes and abolish regulations that protect middle class workers and consumers. He's saying "do something that benefits me, and, I promise, it'll turn out well for you too." Bullshit, he is tricking you. Don't fall for it. The gap btwn rich and poor in the USA is much larger than other developed countries. There is no reason we should give the rich even more.
That Boushay woman proves that not all "Dr."s are smart because while everything she said made no sense or was a total falacy, everything Shiff said made perfect sense, was factual, and was rooted in sound logic and he is only a "Mr." People like Shiff are the only chance this country has as long as the regulation junkies can reverse their damaging effects or (more likely) a drastic change of power can kick those junkies out before it's too late.
The point about wages Ford paid was mind blowing. That would be an annual income of $130k...imagine if a middle class job brought in an income of $75-130k/yr in this country instead of $25-50k/yr. THAT would be economic prosperity.
@dlporter198 I agree. Schiff definitely speaks the truth. This Dr. Boushey believes the United States has money. She may have a few dollars herself that isn't worth the paper it's written on. Lol There's a big difference between wealth and the fantasy of having wealth. Sure we're rich? 15 Trillion in debt. WOW, now if we had 15 trillion in the positive, sure, but in the negative, maybe there needs to be a collection agency that goes after the government for their debt.
@dlporter198 It's an acquired syndrome. It happens to some of them in college, the rest are infected when they go to Washington and forget that businesses exist and produce things.
Wow, Mr.Schiff, on-the-ball! Bravo. And note, he doesn't back down in the face of the idea that slashing spending somehow isn't compassionate. He's being brutally honest and I admire his courage.
@nly8nchz The administrations -and not starting with this one -only pick people for advice who tell them what they already decided. If it goes obviously bad and the public balks they still have a scapegoat.
Why is it business men and women get it and economic experts don't have a fucking clue? Pull your head out of your books and open a real business and learn how it really works.
Shows that the Dems are all about the academia that has no real world experience.....those that can, do....those that can't teach. Schiff is real world with true experience and knowledge.
I read Peter Schiff's books - including "Crash Proof" easy and inspiring reading and giving you powerful tools for understanding economics. Peter is on the right track, he predicts major blow-out "before" they happend. Predicting the future of America is now easy... causation from both a Republican and Democrat ran goverment... financial DOOM! The good news is Schiff''s tools can help you educate yourself about what is happening so you can prepare and understand for the future.
I read Peter Schiff's books - including "Crash Proof" easy and inspiring reading and giving you powerful tools for understanding economics. Peter is on the right track, he predicts major blow-out "before" they happend. Predicting the future of America is now easy... causation from both a Republican and Democrat ran goverment... financial DOOM! The good news is Schiff''s tools can help you educate yourself about what is happening so you can prepare and understand for the future.
We does Dr Boushey think that the Ford workers were highly skilled? Has read any books on Ford at all. Part of Ford's success was to breakdown the production schedule to the simplest form so that anyone could be put in place to continue the production line. I highly doubt her claims of "highly skilled". The only highly skilled process was the production process and implementation itself - not the actual worked performed on the line. I find her Ph.D. in economics lacking.
Main reason is Ford paid his workers highly in order to create more demand so that more people can afford to buy his cars. Not just some... but a majority. Geez, I don't need to be a doctor to learn this info that I read somewhere.
You are witnessing a scientific revolution! Austrian Theory is correct, and this world wide crisis is awaking humanity to it's truth!
I have little doubt that Peter Schiff will go down in history as the Galileo or Kepler of Economics. I hope Ron Paul can nominate him Secretary Treasury in 2012.
little did Dr Bouchey know when she agreed to testify at this hearing that it would turn out to be a lesson in economics. Class was definately is session and Mr. Schiff was the professor.
Cummings and Dr. Douchey are typical progressive lunatics who are of the mindset that entitlements/appeasement are the methods of a gentle and loving society. They thoroughly miss the issue that the country is imploding from entitlement spending. The argument of the need for additional spending on education is so bogus. In the 1950's when teachers were paid much less (on a relative scale), education was superior. Forced intergration/women's rights and dissolution of family values destroyed it.
Excellent comments by all the people watching the video. It is amazing that Dr Boushey with all her education knows so little compared to Peter Schiff. Peter had no notes and could answer any question on the spot with precise answers. Wish this was televised to a large number of people so they would start to understand the mistakes of our government.
I wish I could have the same purchasing power that Henry Ford's worker enjoyed.
Keep it up Peter maybe people will start listening.
@czubspenx Absolutely! He is a brainswashed, lackey with a progressive mindset who believes in reparations for slavery. His entitlement spending mentality which is destroying the country is just a redistribution of wealth policy which the so called "have-nots" adore. The housing crisis was caused by the same entitlement problem that everyone has the "right" to own a home, regardless if they can afford it. The progressives forced the banks to give out loans they knew would defaultToCreateCrisis
@Ricksmooth1947 It's not so much that he is brainwashed but has the Robin Hood mentality. He's just one of the idiots that thinks government knows best. FTG! Keep the government out of my life!
Show-boater Cummings. I'm from Maryland and ashamed that his district voted him in. Although I'm sure Cummings's heart is in the right place it's just his ideas are wrong.
All these bigwigs constantly ignore the fact that most 'workers' go to their 'jobs(just over broke)' because they aren't rich. They have to have a 'job' to exist. They don't go to some corporate shit hole because they love it or love helping their greedy workaholic bosses get richer. Why do they think lotteries are so popular? Stop treating human beings like jackasses and stop demanding that their universes revolve around their 'job.'
All these bigwigs constantly ignore the fact that most 'workers' go to their 'jobs(just over broke)' because they aren't rich. They have to have a 'job' to exist. They don't go to some corporate shit hole because they love it or love helping their greedy workaholic bosses get richer. Why do they think lotteries are so popular? Stop treating human beings like jackasses and stop demanding that their universes revolve around their 'job.'
Get rid of all income taxes, go to national and state sales taxes. Reduce the govt. by 80 percent. Invite those who don't want to live in a free country to leave. Require employers to pay their employees a fair share of their income and control working hours so the commies don't find it so easy to recruit from among workers. Get the churches and bleeding hearts off their asses and help the truly needy and stop creating generational parasites. All this will require civil war.
If you sit home waiting your turn you deserve to have your gun taken from your cold dead hands.
The Founders didn’t wait for the Brits to knock down their doors. They gathered at the green and stood up like men and they killed government employees all the way back to Boston.
What will you do when it’s time to hunt NWO hacks, republicrats and commies(“Liberals” and ‘progressives’)?
Don't understand? Follow my links. Read the quotes page first. Then read my column ‘Prepping for Slavery’
That Cummings is a numskull. People get exactly the government they deserve. That Boushey hates this country. She is a liberal socialist that needs to live in north korea a little bit to understand what she really wants. Schiff OWNED all of those jokers.
The best part? Schiff has ZERO notes in front of him. This is just a guy who knows what the fuck is up because he is up to his fucking ears in it every day.
@NoseNuggets 100% agreement. Schiff scorches the buffoon Boushey. And Representative Cummings is simply an economic ignoramous. He's the type who is killing our country and turning us into a third world country.
@juscurious In all fairness, WE are the ones responsible for killing our country and turning it into a third world country. WE are the ones who elect politicians who promise the free lunch. WE, the people, have lost sight of what government is.
"It is to secure our rights that we resort to government at all"
@NoseNuggets Speak for yourself. I don't like the term WE. I didn't vote for Obama. I'd jump off a cliff before I'd vote for Obama. I'd never vote for the likes of Congressman Cummings or anyone like him. I'm not part of the problem. I've been fiscally responsible my whole life. I have NO debt and have never been in financial trouble owing to the fact I don't live beyond my means. I'm a saver and investor. In summary I've produced more wealth than what I've consumed. I'm not the problem.
we need to do BOTH LOLOL, Cummings had a lobotomy decades ago, and they probably filled the gaping hole in his brain with marsh-mellows. How can you do deficit spending and cutting at the same time? Cummings and his ilk are the reason we will have a currency crisis in the near future.
Peter Schiff is more than a genius, he is a prophet in the literal sense. He is warning the sinner to change his ways to prepare for what he sees coming and sadly only a few listen and act.
Peter Schiff is more than a genius, he is a prophet in the literal sense. He is warning the sinner to change his ways to prepare for what he sees coming and sadly only a few listen and act.
mr cummings is an indoctrinated IDIOT with no imagination, not educating our children is a national threat? WTF, we are educating children, but pumping money into schools and ifrastructure will not produce GROWTH, Schiff is right on here, the two liberal dolts, dr shaer and cummings just do not get it, liberal catch phrases like invest in our people are absolutely useless and out of touch, who votes for these idiots, freakin frustrating
Peter needs to learn a lesson about history. He nor I, nor anyone else is going to rewrite history. We are destined to repeat it. Learn that lesson Peter. You are preaching to the quire thinking that you are going to change their thinking on government. The Romans failed for the same reasons we will fail. It's just a matter of time now. I appreciate your efforts to educate them, but just like in Rome, the people, not congress will determine the outcome. They are the ones who vote in congress.
We need to pave the roads. Road pavers are integral to the economy. And those intersections. They need beautifying. Intersections are essential for road pavers. The money multiplier of paving asphalt is 10.265435544 according to the econometrician experts. It's a no-brainer.
I went to public school in one of the greatest counties in the USA, from 1994-2008, and even then, it was bad. The administration was overpaid, disconnected from the students, and reviled by most everyone. "Security" made us feel like our school was a prison. Schiff is right about on the job training. I found the public education system to be aimless, and I lost ALOT of friends through the cracks who felt no desire to even come to school because they were conditioned to not give a fuck.
My black people are brainwashed. So sad that we demand the very things that keep us at the bottom (historical problems aside). We have piss poor leadership.
I wish peter would talk about why we need a recession the way tom wood does it - with a circus coming to a town and the restaurant hire and renovate his business thinking he has extra demand. When the circus leave, the restaurant need to fire and stop his renovation, which is a recession, not bailed out and kept afloat as resource was mis allocated
I hate to break it to you Mr. Cummings, but our schools don't teach critical thinking. Most of history's great inventors and innovators were outside-of-the-box thinkers and you want to continue to throw tax dollars INTO THE BOX. The paradigm of education will continue to change drastically. Thanks to technologies like the internet, people can get a great education with significantly less cost involved. Doing more with less as Bucky Fuller would put it.
"It would be great if more employers would take that high-road strategy that we don't see in America today."
WHOOOOOOOOOOOOOOOOOOOOOOOSH!
The sound of Schiff's entire effective and well-reasoned argument flying right over her well-educated head. Only someone who went to college could say something so profoundly stupid after being spoon-fed the reasons why wages are lower now than ever merely five-seconds prior.
@1993CorradoSLC Couldn't agree more. Some people become so entrenched in their thought process they can't comprehend even the POSSIBILITY that they might be wrong.
@1993CorradoSLC It just proves that she doesn't know or understand shit. + that educational system produces morons. And yeah don't forget the laughter 13:55 MEHEHEHEHEHEHEHEHE stupid cow. !
@1993CorradoSLC What's with this anti college talk I've been hearing from Schiff fans. The economist that Schiff follow like Misses, Hayek, and Rothbard all had PHDs. And brilliant economist today like Robert Murphy and Russ Roberts also have PHDs.
@onepiecefan74 aye, if you are going to be a professor you need higher education. However the liberal arts degree you take because you do not know what to do with your life do you no good when you at the age of 25, deeply endebted, need to find a real job.
I'm an engineer, and I definitely use my education.
But everyone cannot work with engineering and thus everyone should not read higher education.
@paganpg And on that note, it is absolutely amazing how expensive education is. Education should be DIRT CHEAP with all modern tools (excellent books, video-recordings, computer aid etc.).
From my personal experience I can say that I could have read my engineering degree withouth ever asking a teacher anything. Give me the books to read, tell me what to read, and let me take the exams. Why should I have to go $300 000 into debt for that?
Education do not need more money. It need efficiency.
@1993CorradoSLC This ding-bat is probably a professor somewhere and never had a job outside of academia. You can be CERTAIN she never managed or owned a business. Maybe she was also a "community organizer" like our Pretender-in-Chief. Cummings is a clueless liberal who'd be pan-handling or shaking down poor people in an inner-city Baptist church somewhere if he didn't fall into his cushy congressional seat. Fools and hucksters; Schiff shouldn't waste his time.
they knew back in Clinton's reign that this would happen.. yeah, back when Hillary was workin' for WalMart.. let's talk about treason.. fix treason and ya fix our financial problems.. all our problems we're facin' today is the direct result of treason back in slick Willy's day.. NAFTA, Chinese Trade Agreement, WTO, WHO,etc are all treasonous acts.
God help us! With people like Cummings passing legislation which "Dr" Boushey advises him on, we are genuinely doomed. "Spending money now is easy because we can afford it." She's mad. "Invest in our people..." blah, blah, blah. All black politicians are wanna be MLK: platitudes and abstractions.
BTW, I have an MA and JD; I went to grad and law school. I'll pull out all my pubic hair before I refer to a Ph.D. as "Dr." A doctor is an MD, otherwise, piss off.
Who the hell voted for Mr Cummings? how did he get in congress?
ltse 3 days ago
Mr. Cummings = Stupid Asshole
HandyMan101 5 days ago
Peter Schiff - GENIUS. Washington and their allies, STUPIDITY RUN AMOK!
plforyt 2 weeks ago
I hope America produces MORE people like MR. Schiff and LESS people like DR. Boushey...
bjarnet3 1 month ago
@bjarnet3 lol Boushey is a literal RETARD.
plforyt 2 weeks ago
Schiff owned! The only guy that speaks with any conviction in this testimonial and is 100% sure of his knowledge base!
rbjunior22 1 month ago
i wanted to hear what mr kucinic had to say
norskemann1 2 months ago
Peter Schiff, born 1963 March 23rd Aries.
Pure "in your face" common sense.
sentilopis 2 months ago
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Peter is right about 90% of the time. But he keeps saying gold somehow is money per the Constitution?? BS. Peter has gold on his brain. Get off it Peter... In the mean time, there is another guy who just published a book on what everyone who is being taken advantage of can do to get back in the game after having their clocks cleaned... "Money Slaves And Cool Aid"... Get - The - Book dot com (solve the riddle and learn what to do). Good luck pounding it through their thick skulls Peter.
TMIAmerica 3 months ago
If you have to borrow money in order to buy something - YOU CANT OFFORD IT!
mason72518 3 months ago
@mason72518 I don't agree. You can borrow money to buy some stuff like machines to make investment, nowdays people borrow money to consume.
gargamel11 3 months ago
@gargamel11 I think the point I refer to is when the lady says something to the effect that America can afford to stimulate because we can borrow the money in the market. My point is that stimulus financed through debt is not productive. I would also extend my point with respect to consumer borrowing and spending. Certainly I agree with you that the private sector can use debt to finance expansion and productivity growth.
mason72518 3 months ago
I don't get how he pays 50%, I doubt that. Buffet only pays about 17.9% which in fact, is more than his secretary. Still though, 50% tax.....impossible.
theUSER101 4 months ago
@theUSER101
35% Income tax
3% medicare
7% state tax
thats 45% right there. plus property tax, sales tax....
lepppppp 4 months ago
@lepppppp I'm a libertarian and I'm not trying to troll but I'm just saying.....we have all these corrupt politicians who cater to the rich, yet Peter who is a stock broker and well into the 1% cannot find a way around paying 35% income tax rate? Really? If he truly cannot find a loop hole or away around paying the 35% why even bother hiring a professional to do his taxes? Might as well just save money if you will have to pay the max anyways.
theUSER101 4 months ago
@theUSER101 buffet is one of the few people in this world rich enough to do this. we don't know what kind of situation schiff has with his company, and how many shareholders are in. he can't just cash out shares of europac without losing shares of his own company. if you're not looking to sell shares and piece out your company, then it's impossible to do what buffet does. buffet is one of the few in the world who can do what he does.
jasonmclose 3 months ago
@lepppppp yup, and don't forget the 3% medicare matching he has to do within his company (employers must match their employee's medicare contributions), and the property taxes paid for his offices. half of the price of gas is due to taxes, and then don't forget your annual auto tax... then, the business will pay a corporate tax. it is very easy to see how schiff (or any business owner) could be paying 50% of their profits in taxes.
jasonmclose 3 months ago
@theUSER101 Further, to leppp's comment, Buffet chooses to receive essentially all of his income as capital gains and dividends. These forms of income are taxed at a lower rate FOR ALL AMERICANS. He does not receive any special treatment. His secretary is paying tax on earned income, not capital gains. Buffet chooses to earn only $100k in salary. He could pay himself $500M if he wanted to, which would change his tax situation enormously.
mason72518 3 months ago
@theUSER101 In Poland I pay circa 60% of my income + property taxes, gasoline taxes etc. = 83%!
gargamel11 3 months ago
@gargamel11 no wonder you guys are poor ;P
kardentyrell 1 month ago
Thinking like this Dr. Boushey is going to destroy this country. Bottom line - wake up people!
lynx1208 4 months ago 2
He is SO much smarter than these fucking retarted bureaucrats. Fuck, they are morons
jimbrick123 4 months ago 3
Boushey is dumb
Cummings is dumb
8StrawberryFields8 4 months ago 4
Boushey is dumb
8StrawberryFields8 4 months ago
Why are these edited?
bobbyp21 4 months ago
Does deficit spending include War?
bobbyp21 4 months ago
@bobbyp21 yes of course .... the money to pay for the wars is borrowed because the Fed prints it and all money so printed is loaned to govt at interest/ - how is that interest paid? by more money printed and loaned at interest by the Fed- Jesse Ventura vid on YouTube re Wall Street explains much of it
goo2u 4 months ago
If Ron Paul had Peter Schiffs communication skills, he would be the front runner!
rapolitical 5 months ago 8
Schiff is a glib con man...a very well paid henchman of the wealthy who would like to create an even greater gap between the very very rich and the rest of us. He started his business in 1996 -- advising the wealthy how to increase their wealth and shift investment to other countries. A one sided propagandist view if I've ever seen one.
mrosen117 5 months ago
@mrosen117 give us some specifics, mr. hyperbolic commentator.
n66178 5 months ago in playlist n66178's favorites
@mrosen117 I advise you to reconsider your statement, Mr. Schiff has taken it upon himself to try and preserve the wealth of Americans, through his company he protects and invests clients’ savings and capital. Because the reality is with the current direction the nation is going we are headed for a currency collapse. And once everyone goes broke who will be left rebuild America’s economy? Answer: Euro pacific Capital clients and like-minded individuals that’s who.
SpearmintBee 4 months ago 3
Schiff is a glib con man...a very well paid henchman of the wealthy who would like to create an even greater gap between the very very rich and the rest of us. He started his business in 1996 -- advising the wealthy how to increase their wealth and shift investment to other countries.
mrosen117 5 months ago
Cummings is brainwashed.
atheistasylum 5 months ago 2
Cummings is nothing more than a Far-Left Obama lap dog
macman237 5 months ago 2
Boushey and Cummings=CLUELESS
NRecob 5 months ago 3
These people will destroy your lives, destroy your children's future, and blame businessmen. They will never face the truth because they are obsessed with a morality of self-sacrifice and altruism, and not even seeing America starving to death will convince them they are wrong. Peter Schiff: thank you for this.
chipjoyce 5 months ago 3
OMG...Dr. Boushey should just retire and go back to raising the hundreds' of cats that are probably peeing all over her apartment as we speak. Dr. Boushey and Clueless Cummings are nothing more than a basket of false hope. Shiff just dominated this entire hearing and I hope Big Hearted Boushey was taking notes. It's time to get rid of these Liberal colleges.
34payton1 5 months ago 4
Goddamn, that was so convincing.
hindukid277 5 months ago
'Dr.' Boushay's response to Henry Ford and high worker pay question stated that not enough employers today take the high road of Henry Ford. I am embarrassed for the good ‘Dr.’ because she clearly articulated her naiveté about market economics and the most basic issue businesses face. ‘Dr.’ Boushay, it is in the interest of employers to retain their employees.
ElectRepublicans 5 months ago 2
'Dr.' Boushay was educated at the New School for Social Research, located in the heart of New York City, more specifically, Greenwich Village. The school was founded in about 1920 by New York social progressives and is known for its 'avant-garde' teaching. It is also home to the World Policy Institute, an international think tank.
ElectRepublicans 5 months ago
If you are not rich, and you listen to him, you are being tricked. Think about it: a rich man is saying we should cut his taxes and abolish regulations that protect middle class workers and consumers. He's saying "do something that benefits me, and, I promise, it'll turn out well for you too." Bullshit, he is tricking you. Don't fall for it. The gap btwn rich and poor in the USA is much larger than other developed countries. There is no reason we should give the rich even more.
J4ggednad 5 months ago
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J4ggednad 5 months ago
Dr Boushey really defines what is wrong with "economists". This is what our Universities are producing.
flahr1 5 months ago
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Throwing money into a broken system won't work.
rockpwnsu 5 months ago
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rockpwnsu 5 months ago
Austrian > Keynesian
rockpwnsu 5 months ago 51
This woman is TOTALLY IGNORANT of economics or business
master008x 5 months ago 4
Fuck you Connecticut Republicans for picking fucking Linda Mcmahon over Schiff.
H1TMANactual 5 months ago 4
That Boushay woman proves that not all "Dr."s are smart because while everything she said made no sense or was a total falacy, everything Shiff said made perfect sense, was factual, and was rooted in sound logic and he is only a "Mr." People like Shiff are the only chance this country has as long as the regulation junkies can reverse their damaging effects or (more likely) a drastic change of power can kick those junkies out before it's too late.
drmisbad 5 months ago 4
Hope that lady was taking notes.
MrGnode 5 months ago 5
This guy is my role model
ravisrir 5 months ago 5
Dr. needs to go back to school. Bousche is a bit Dousche
TheJeffCantwell 5 months ago
Dr. needs to go back to school. Bousche is a but Dousche
TheJeffCantwell 5 months ago
The point about wages Ford paid was mind blowing. That would be an annual income of $130k...imagine if a middle class job brought in an income of $75-130k/yr in this country instead of $25-50k/yr. THAT would be economic prosperity.
Causarius 5 months ago 3
That last argument from schiff blew her away
FirstThingOrg 5 months ago 6
Man, Schiff know his stuff. Why does the Govt continue to be so incredibly stupid???
dlporter198 5 months ago 40
@dlporter198 cuz they profit from it at our expanse
DutchsMaria 4 months ago
@dlporter198 I agree. Schiff definitely speaks the truth. This Dr. Boushey believes the United States has money. She may have a few dollars herself that isn't worth the paper it's written on. Lol There's a big difference between wealth and the fantasy of having wealth. Sure we're rich? 15 Trillion in debt. WOW, now if we had 15 trillion in the positive, sure, but in the negative, maybe there needs to be a collection agency that goes after the government for their debt.
rcnoe71 3 months ago
@dlporter198 It's an acquired syndrome. It happens to some of them in college, the rest are infected when they go to Washington and forget that businesses exist and produce things.
MrSubtle 3 months ago
OMG Mr. Cummins is such a dope!!!!
dlporter198 5 months ago 4
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HollywoodSheen 5 months ago
It would have been great if anyone was there. The room is practically empty.
JackDoitCrawford 5 months ago 2
Wow, Mr.Schiff, on-the-ball! Bravo. And note, he doesn't back down in the face of the idea that slashing spending somehow isn't compassionate. He's being brutally honest and I admire his courage.
GOPsithlord 5 months ago 3
BRAVO, Mr. Schiff! Your comments on education and Ford motor company were especially awesome!
BagOfEyebrows 5 months ago 3
dr Boulshitey :P
Voy2378 5 months ago
@nly8nchz The administrations -and not starting with this one -only pick people for advice who tell them what they already decided. If it goes obviously bad and the public balks they still have a scapegoat.
maxfirepower 5 months ago
Schiff didn't hold back at all. This was very entertaining to watch!
TheCapitalistdog 5 months ago 2
Libs/Dems at that hearing have Blind Blocked Brains.
3martijns 5 months ago
Why is it business men and women get it and economic experts don't have a fucking clue? Pull your head out of your books and open a real business and learn how it really works.
turboman8082 5 months ago
Shows that the Dems are all about the academia that has no real world experience.....those that can, do....those that can't teach. Schiff is real world with true experience and knowledge.
AFalbo69 5 months ago 4
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I read Peter Schiff's books - including "Crash Proof" easy and inspiring reading and giving you powerful tools for understanding economics. Peter is on the right track, he predicts major blow-out "before" they happend. Predicting the future of America is now easy... causation from both a Republican and Democrat ran goverment... financial DOOM! The good news is Schiff''s tools can help you educate yourself about what is happening so you can prepare and understand for the future.
MsRodium 5 months ago
I read Peter Schiff's books - including "Crash Proof" easy and inspiring reading and giving you powerful tools for understanding economics. Peter is on the right track, he predicts major blow-out "before" they happend. Predicting the future of America is now easy... causation from both a Republican and Democrat ran goverment... financial DOOM! The good news is Schiff''s tools can help you educate yourself about what is happening so you can prepare and understand for the future.
MsRodium 5 months ago
Schiff destroyed everyone on the panel as well as everyone seated in front of him. What a education those in attendance were lucky enough to have!
spitzwisc4 5 months ago 3
@spitzwisc4 I slightly disagree. Mike Kelly is very very sharp.
TheMocknballs 5 months ago
I shall now refer to economic stimulus packages as "fiscal heroin" -- freaking brilliant. LOVE Schiff.
jewelswoolf 5 months ago 6
Boushey is a PhD jerk!!
PALINSMITH 5 months ago
Boushey is a PhD jerk!!
PALINSMITH 5 months ago
Sorry but Peter Schiff took them all to school....period.
RandomShellAccount 5 months ago 4
Mr. Cummings at 4:40 in the clip = clueless
Peter Schiff schools him. All these Democrats cry "Education, education, educate the kids ....blahh blahh"
Kids can't EAT college degrees. What good is a degree, student loans, debt...when there are NO JOBS!!!
What morons..
RandomShellAccount 5 months ago 4
@RandomShellAccount Yes, Representative Cummings is an economic ignoramous. He's the type of guy who is killing the country.
juscurious 5 months ago
We does Dr Boushey think that the Ford workers were highly skilled? Has read any books on Ford at all. Part of Ford's success was to breakdown the production schedule to the simplest form so that anyone could be put in place to continue the production line. I highly doubt her claims of "highly skilled". The only highly skilled process was the production process and implementation itself - not the actual worked performed on the line. I find her Ph.D. in economics lacking.
BRINK00 5 months ago 2
Main reason is Ford paid his workers highly in order to create more demand so that more people can afford to buy his cars. Not just some... but a majority. Geez, I don't need to be a doctor to learn this info that I read somewhere.
MrSeriouslynot 5 months ago
Google building 7
buffydog247 5 months ago
The "Dr" looked a bit embarrassed at the end of Peter's seminar and really had to dig deep to come up with something of any substance to say.
paullie6719 5 months ago
The title of this video should have been "Peter Schiff gives economic seminar".
paullie6719 5 months ago 6
Peter that's what u school congress. Finally someone told them the truth...
onamoo06 5 months ago
@2:52 Cummings calls her Mr. Boushey lol.
JamesAAnderson1988 5 months ago
You are witnessing a scientific revolution! Austrian Theory is correct, and this world wide crisis is awaking humanity to it's truth!
I have little doubt that Peter Schiff will go down in history as the Galileo or Kepler of Economics. I hope Ron Paul can nominate him Secretary Treasury in 2012.
Brownyman 5 months ago 2
Shit dude! An ounce and a quarter of gold per week?!
Brownyman 5 months ago
little did Dr Bouchey know when she agreed to testify at this hearing that it would turn out to be a lesson in economics. Class was definately is session and Mr. Schiff was the professor.
efrain926 5 months ago 4
Featured on Newsbad .. Excellent testimony Peter Schiff! This was Fantastic!
TGtube1 5 months ago 4
when "cummings" says "educate", if u translate his liberal socialist dogma, its properly called "Indoctrination"
swu880 5 months ago 3
Mr- Cummings, seeing someone like you in a position of power just highlights how screwed we are as a country...
FELUNKADUNK 5 months ago 3
Mr- Cummings, seeing someone like you in a position of power just highlights how screwed we are a country...
FELUNKADUNK 5 months ago
Cummings and Dr. Douchey are typical progressive lunatics who are of the mindset that entitlements/appeasement are the methods of a gentle and loving society. They thoroughly miss the issue that the country is imploding from entitlement spending. The argument of the need for additional spending on education is so bogus. In the 1950's when teachers were paid much less (on a relative scale), education was superior. Forced intergration/women's rights and dissolution of family values destroyed it.
Ricksmooth1947 5 months ago
Abolish the Federal Inocome on Labor. The fruit our work should not be taxed at all!!!!
vsaldanas 5 months ago
google building 7
buffydog247 5 months ago
Mr Cummings is my HERO!!!!
LucasAnninMUSIC 5 months ago
@LucasAnninMUSIC
Gotta hand it to Mr. Cummings.
The man is visionary 100 yrs ahead of his time.
orangedac 5 months ago
Excellent comments by all the people watching the video. It is amazing that Dr Boushey with all her education knows so little compared to Peter Schiff. Peter had no notes and could answer any question on the spot with precise answers. Wish this was televised to a large number of people so they would start to understand the mistakes of our government.
I wish I could have the same purchasing power that Henry Ford's worker enjoyed.
Keep it up Peter maybe people will start listening.
fssrk1 5 months ago
What's wrong with the country? It's idiots like Mr. Cummings.
czubspenx 5 months ago 3
@czubspenx Absolutely! He is a brainswashed, lackey with a progressive mindset who believes in reparations for slavery. His entitlement spending mentality which is destroying the country is just a redistribution of wealth policy which the so called "have-nots" adore. The housing crisis was caused by the same entitlement problem that everyone has the "right" to own a home, regardless if they can afford it. The progressives forced the banks to give out loans they knew would defaultToCreateCrisis
Ricksmooth1947 5 months ago
@Ricksmooth1947 It's not so much that he is brainwashed but has the Robin Hood mentality. He's just one of the idiots that thinks government knows best. FTG! Keep the government out of my life!
czubspenx 5 months ago
cummings; what a tool
ismuks 5 months ago 3
Show-boater Cummings. I'm from Maryland and ashamed that his district voted him in. Although I'm sure Cummings's heart is in the right place it's just his ideas are wrong.
plangetee 5 months ago 2
Mr cummings is just another stupid politicians! What a show boater!
texasronman 5 months ago
Doctor? Really?
Well there you have it folks, doctorates are completely meaningless.
treysparker 5 months ago 2
"There has to be something in it for the lender." He just owned for 15 minutes
grayzbeardz 5 months ago
just what the hell is she a "doctor" of anyway??? hopefully not surgeon. i wouldnt trust her to prescribe me tylenol.
bmay1000 5 months ago
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All these bigwigs constantly ignore the fact that most 'workers' go to their 'jobs(just over broke)' because they aren't rich. They have to have a 'job' to exist. They don't go to some corporate shit hole because they love it or love helping their greedy workaholic bosses get richer. Why do they think lotteries are so popular? Stop treating human beings like jackasses and stop demanding that their universes revolve around their 'job.'
waypasthadenough 5 months ago
All these bigwigs constantly ignore the fact that most 'workers' go to their 'jobs(just over broke)' because they aren't rich. They have to have a 'job' to exist. They don't go to some corporate shit hole because they love it or love helping their greedy workaholic bosses get richer. Why do they think lotteries are so popular? Stop treating human beings like jackasses and stop demanding that their universes revolve around their 'job.'
waypasthadenough 5 months ago
Get rid of all income taxes, go to national and state sales taxes. Reduce the govt. by 80 percent. Invite those who don't want to live in a free country to leave. Require employers to pay their employees a fair share of their income and control working hours so the commies don't find it so easy to recruit from among workers. Get the churches and bleeding hearts off their asses and help the truly needy and stop creating generational parasites. All this will require civil war.
waypasthadenough 5 months ago
If you sit home waiting your turn you deserve to have your gun taken from your cold dead hands.
The Founders didn’t wait for the Brits to knock down their doors. They gathered at the green and stood up like men and they killed government employees all the way back to Boston.
What will you do when it’s time to hunt NWO hacks, republicrats and commies(“Liberals” and ‘progressives’)?
Don't understand? Follow my links. Read the quotes page first. Then read my column ‘Prepping for Slavery’
waypasthadenough 5 months ago
@waypasthadenough are you saying pre-emptive war is beneficial and even necessary?
grayzbeardz 5 months ago
Preach it brother Schiff
ODGLOCK 5 months ago
That Cummings is a numskull. People get exactly the government they deserve. That Boushey hates this country. She is a liberal socialist that needs to live in north korea a little bit to understand what she really wants. Schiff OWNED all of those jokers.
snarbywrx 5 months ago
@snarbywrx I agree. Put Boushey in North Korea for a couple years then invite her back. Wonder what she would say then.
midtra52 5 months ago
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Kucinich is smart enough not to get involved
jpkm123 5 months ago
Awesome testimony from Peter Schiff. When he speaks it just makes sense. Kind of like when you listen to Ron Paul.
laffredo 5 months ago 4
The best part? Schiff has ZERO notes in front of him. This is just a guy who knows what the fuck is up because he is up to his fucking ears in it every day.
NoseNuggets 5 months ago 80
@NoseNuggets dude i loved that! that just shows how much of a BAMF he is! he doesnt need a paper to tell him what to say!
BaudelaireOrphan1 5 months ago 2
@NoseNuggets 100% agreement. Schiff scorches the buffoon Boushey. And Representative Cummings is simply an economic ignoramous. He's the type who is killing our country and turning us into a third world country.
juscurious 5 months ago 3
@juscurious In all fairness, WE are the ones responsible for killing our country and turning it into a third world country. WE are the ones who elect politicians who promise the free lunch. WE, the people, have lost sight of what government is.
"It is to secure our rights that we resort to government at all"
-Thomas Jefferson
NoseNuggets 5 months ago
@NoseNuggets Speak for yourself. I don't like the term WE. I didn't vote for Obama. I'd jump off a cliff before I'd vote for Obama. I'd never vote for the likes of Congressman Cummings or anyone like him. I'm not part of the problem. I've been fiscally responsible my whole life. I have NO debt and have never been in financial trouble owing to the fact I don't live beyond my means. I'm a saver and investor. In summary I've produced more wealth than what I've consumed. I'm not the problem.
juscurious 5 months ago 2
Our government is so dumbed down it like something out of the movie Idiocracy.
jimeast2 5 months ago
we need to do BOTH LOLOL, Cummings had a lobotomy decades ago, and they probably filled the gaping hole in his brain with marsh-mellows. How can you do deficit spending and cutting at the same time? Cummings and his ilk are the reason we will have a currency crisis in the near future.
syborius 5 months ago
America is lucky that it has people like Peter Schiff. At least we have hope that they may listen to him one day
harrybath 5 months ago
An academic, and carrer ecenomic theorist Dr Boushey V.S. abusinessman with practical experience
Dr . Boushay should be highly embarresed and volunteerily surrender her PHD. She clearly has no idea what the hell she is talking about.
Theorists and acedemics make a living out of trying to send intelligent. They try to sound profound by making complex arguments, truth be damned.
simpicity does not sound intelligent.
Business people need results, substance over image
joe1026 5 months ago 25
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Peter Schiff is more than a genius, he is a prophet in the literal sense. He is warning the sinner to change his ways to prepare for what he sees coming and sadly only a few listen and act.
OneKlue 5 months ago
Schiff FUCKING OWNED THAT BITCH!
stampederjomama 5 months ago 5
Peter sure looks hot in glasses! Makes him look so distinguished.
texndaisy 5 months ago 3
Mr Cummings is the personification of a fat Government
mike6459 5 months ago 4
Peter Schiff is more than a genius, he is a prophet in the literal sense. He is warning the sinner to change his ways to prepare for what he sees coming and sadly only a few listen and act.
FarginBastiges 5 months ago 6
mr cummings is an indoctrinated IDIOT with no imagination, not educating our children is a national threat? WTF, we are educating children, but pumping money into schools and ifrastructure will not produce GROWTH, Schiff is right on here, the two liberal dolts, dr shaer and cummings just do not get it, liberal catch phrases like invest in our people are absolutely useless and out of touch, who votes for these idiots, freakin frustrating
duanescot 5 months ago
Peter needs to learn a lesson about history. He nor I, nor anyone else is going to rewrite history. We are destined to repeat it. Learn that lesson Peter. You are preaching to the quire thinking that you are going to change their thinking on government. The Romans failed for the same reasons we will fail. It's just a matter of time now. I appreciate your efforts to educate them, but just like in Rome, the people, not congress will determine the outcome. They are the ones who vote in congress.
scidhumouse100 5 months ago
We need to pave the roads. Road pavers are integral to the economy. And those intersections. They need beautifying. Intersections are essential for road pavers. The money multiplier of paving asphalt is 10.265435544 according to the econometrician experts. It's a no-brainer.
geezerbut 5 months ago
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@geezerbut - Are you brain dead?
stampederjomama 5 months ago
Kucinich is the guy democrats should have voted for, but like people with Perry vs Paul, they confused the fake (Obama) for the real.
exiquio 5 months ago
I went to public school in one of the greatest counties in the USA, from 1994-2008, and even then, it was bad. The administration was overpaid, disconnected from the students, and reviled by most everyone. "Security" made us feel like our school was a prison. Schiff is right about on the job training. I found the public education system to be aimless, and I lost ALOT of friends through the cracks who felt no desire to even come to school because they were conditioned to not give a fuck.
halalbackgirl 5 months ago 4
My black people are brainwashed. So sad that we demand the very things that keep us at the bottom (historical problems aside). We have piss poor leadership.
exiquio 5 months ago
Mr. Schiff is the shit.
danielnitu26 5 months ago
This guy is a genius. Let him lead the Treasury. Ilan from Israel
ilanamar10 5 months ago
I wish peter would talk about why we need a recession the way tom wood does it - with a circus coming to a town and the restaurant hire and renovate his business thinking he has extra demand. When the circus leave, the restaurant need to fire and stop his renovation, which is a recession, not bailed out and kept afloat as resource was mis allocated
outforsushi 5 months ago in playlist More videos from x86cowboy
Schiff, you kicked ass in there. Your finest moment
dinther 5 months ago 2
inflation hurt the poor, children the most, yet democrats never seem to care that their policy hurt the very ppl they profess to defend
outforsushi 5 months ago in playlist More videos from x86cowboy
schiff,,,they dont care..
chadberry75 5 months ago
Yea, the Ford response kicked @ss!
FreeinTX 5 months ago
Most top economists didn't see the real estate bubble. Most top economists gave Obama's stimulus a B. Hence Most top economists are idiots.
murko1453 5 months ago 2
Cummings has no idea
Neversleeps1979 5 months ago
I hate to break it to you Mr. Cummings, but our schools don't teach critical thinking. Most of history's great inventors and innovators were outside-of-the-box thinkers and you want to continue to throw tax dollars INTO THE BOX. The paradigm of education will continue to change drastically. Thanks to technologies like the internet, people can get a great education with significantly less cost involved. Doing more with less as Bucky Fuller would put it.
8DoverNJ 5 months ago 2
"It would be great if more employers would take that high-road strategy that we don't see in America today."
WHOOOOOOOOOOOOOOOOOOOOOOOSH!
The sound of Schiff's entire effective and well-reasoned argument flying right over her well-educated head. Only someone who went to college could say something so profoundly stupid after being spoon-fed the reasons why wages are lower now than ever merely five-seconds prior.
1993CorradoSLC 5 months ago in playlist Peter Schiff Testifies Before Congressional Jobs Committee 59
@1993CorradoSLC Couldn't agree more. Some people become so entrenched in their thought process they can't comprehend even the POSSIBILITY that they might be wrong.
fruitjacket 5 months ago
@1993CorradoSLC It just proves that she doesn't know or understand shit. + that educational system produces morons. And yeah don't forget the laughter 13:55 MEHEHEHEHEHEHEHEHE stupid cow. !
BuRninsh 5 months ago
@1993CorradoSLC What's with this anti college talk I've been hearing from Schiff fans. The economist that Schiff follow like Misses, Hayek, and Rothbard all had PHDs. And brilliant economist today like Robert Murphy and Russ Roberts also have PHDs.
onepiecefan74 5 months ago
@onepiecefan74 aye, if you are going to be a professor you need higher education. However the liberal arts degree you take because you do not know what to do with your life do you no good when you at the age of 25, deeply endebted, need to find a real job.
I'm an engineer, and I definitely use my education.
But everyone cannot work with engineering and thus everyone should not read higher education.
paganpg 5 months ago 2
@paganpg And on that note, it is absolutely amazing how expensive education is. Education should be DIRT CHEAP with all modern tools (excellent books, video-recordings, computer aid etc.).
From my personal experience I can say that I could have read my engineering degree withouth ever asking a teacher anything. Give me the books to read, tell me what to read, and let me take the exams. Why should I have to go $300 000 into debt for that?
Education do not need more money. It need efficiency.
paganpg 5 months ago
@1993CorradoSLC This ding-bat is probably a professor somewhere and never had a job outside of academia. You can be CERTAIN she never managed or owned a business. Maybe she was also a "community organizer" like our Pretender-in-Chief. Cummings is a clueless liberal who'd be pan-handling or shaking down poor people in an inner-city Baptist church somewhere if he didn't fall into his cushy congressional seat. Fools and hucksters; Schiff shouldn't waste his time.
maxfirepower 5 months ago 2
"most economists say"
Whenever someone starts a sentence with that, they have no idea what they are saying.
IvanillathunderI 5 months ago 2
How the fuck is she a Dr ?
burningred2121 5 months ago
475 likes. 0 dislikes.
bisek 5 months ago
Mr. Cummings is the greatest threat ant many others in the congress who have so little understanding of the economy and way to much political agenda!
innulja 5 months ago 2
they knew back in Clinton's reign that this would happen.. yeah, back when Hillary was workin' for WalMart.. let's talk about treason.. fix treason and ya fix our financial problems.. all our problems we're facin' today is the direct result of treason back in slick Willy's day.. NAFTA, Chinese Trade Agreement, WTO, WHO,etc are all treasonous acts.
Dewdaahman 5 months ago
God help us! With people like Cummings passing legislation which "Dr" Boushey advises him on, we are genuinely doomed. "Spending money now is easy because we can afford it." She's mad. "Invest in our people..." blah, blah, blah. All black politicians are wanna be MLK: platitudes and abstractions.
BTW, I have an MA and JD; I went to grad and law school. I'll pull out all my pubic hair before I refer to a Ph.D. as "Dr." A doctor is an MD, otherwise, piss off.
MarcusCMarcellus 5 months ago in playlist Peter Schiff Testifies Before Congressional Jobs Committee 2
9:42 OF COURSE, OF COURSE!!!!
KnowledgeDriven 5 months ago
Paul/Schiff 2012
PunchKickGames 5 months ago
this is the most sound USG committee debate/testimony i've heard in a LOOOOOONNNNGGGGG TTTTIIIMMMMMEEEEE!!!!! omg.
i don't agree with everything, but FUK YA! to voices of reason!
5:00 that's right, mr. cummings, this clusterfuk has been setup to implode at time not of our choosing and controlled! (see WTC7 for ref.)
KnowledgeDriven 5 months ago