You want to see how Amerika is doing? Just check out the National Debt Clock, in Real-Time, and watch that number flyyyyyy all the way to the deepest red you'll ever see; its going at a Million a minute ;)
@sil3ntdogood and I don't know is this will make a difference, but the US Total Debt is at 56 Trillion.. CAN YOU EVEN BEGIN TO IMAGINE HOW MUCH MONEY THAT REALLY IS?!?!
For those of you who want to make a positive change in America and the world. LIKE this, SHARE with all of your friends on all of the social media sites. LIKE your local news channel's link and start posting all of these alternative media videos about what's really going on instead of the bullshit that local channels put on tv. We still have a voice as of right now, unitl laws are passed that shutdown the internet. WE CAN WIN!!!!!
Whatever you presently chose to call the economic event we are going through, by the time it is over they will probably need to find a new name for the "Great Depression".
@Andydag904 According to the dictionary definition of "depression", the Great Depression ended in 1933, with the increasing GDP in 1934. Try telling that to anyone who lived through that time. Our GDP is only growing because the flawed GDP statistic (unlike the Gross Private Product, or Private Product Remaining) includes our massively growing government spending on mostly arbitrarily priced goods and services. The private sector - where the real production is - has been shrinking.
@Andydag904 In addition, as shown by ShadowStats, when adjusted for inflation using the older (more correct) version of CPI, instead of the phony version since it was changed to hide some of the inflation, our GDP has actually been shrinking since around 2004.
@Andydag904 When adjusted for inflation, it has been shrinking, as inflation has outpaced the rate of growth. Simple calculation: Rate of growth - rate of inflation = rate of REAL growth of GDP. Of course, I was referring to the estimated 7-10% of inflation calculated using the pre-1978 method (which was changed ostensibly because spending habits had changed, but primarily to lower the perception of the inflation of the 70s), and not the current method which underestimates it.
@mtanousable Are you saying that we have inflation currently? Because our inflation(i) is only about 1 to 1.5%. Go to any bank and look at the mortgage rates. They are about 3 to 3.5% depending on where you are. That 3 to 3.5% is the nominal interest(In). The bank wants to earn approximately 2% which is the real interest (Ir). So, Ir = In - i
The way I find the rate of growth in the economy is by taking current GDP - last year's GDP divided by 100 to get a percent.
@Andydag904 What are you on about? Inflation over the last twelve months - according to the BLS - was 3.0%. Mortgage rates are not inflation adjusted - they are adjusted according to base interest rates set by the Fed. The CPI calculated according to the old methods, before it was changed to hide the inflation, is actually around 7-10%. Real GDP is dropping. The private sector economy has barely grown in the last 14 years either way - as the nominal GDP growth has been in government.
@mtanousable I am telling you, inflation is so low that it is a problem. Interest is inflation adjusted. Ask anybody who works with mortgage rates at a bank.
@Andydag904 You are telling me this, in direct contradiction with BLS and Federal Reserve statistics - much less the more accurate statistics that actually include food and energy costs in the calculations. Plus, deflation benefits everyone except the deep in debt, as purchasing power rises (instead of falling). As for interest, it is clear that it is not truly inflation adjusted - it is based off the Fed's set rates, so as to get more interest than is paid to the Fed/other banks.
@mtanousable You said inflation is at 3%, why would inflation and interest be equal to each other. Banks would make no money. And deflation is a killer for this economy and is the last thing we need. The Great Depression was a deflation. The reason why we do not have deflation right now is because we bailed out our banks.
@Andydag904 Banks make their money before monetary inflation trickles through the economy into price inflation, because they are the first to get the newly created money from the Fed (along with government) at virtually no interest. The Great Depression, as the economist Rothbard showed in his book America's Great Depression, was not caused by deflation, but by monetary/credit inflation and was not allowed to liquidate by Hoover (or FDR). Allowing deflation would have helped liquidation.
@Andydag904 And deflation is nearly ALWAYS good - except for those in massive debt (like our overleverage banks and the federal government). Just look at the price deflation that has occurred, despite pressures from monetary inflation, in the electronics industry. Despite that, the industry is one of the only ones thriving in the US. It's quite clear from that case study that dropping prices is only good for the consumer and the producer both.
@mtanousable I'm sorry to be THAT guy, but I lost complete respect fro your argument when you said deflation is nearly always good. The financial institutions went down during the Great Depression, causing deflation. Deflation causes the housing market to crash, raises unemployment, and causes bank to lose money. Deflation is in no way good.
@Andydag904 I see accepted wisdom is all you have to go on, and logic fails you utterly. You fail to understand deflation's effects completely. Deflation raises the purchasing power of money (savings and wages). It does NOT cause unemployment - but it does cause wage cuts (which remain the same in REAL terms). Sticky wages are caused, if they exist, by government pushing business to avoid cuts (thus the Great Depression had massive increases in REAL WAGES for those that remained employed).
@Andydag904 The housing market crash wasn't caused by deflation - deflation is always an EFFECT of bust, not the CAUSE. The housing market was (predictably, thus Congressman Paul was warning about it back in 2001) caused by Fed monetary inflation to create another bubble to "fix" the dot-com bust at the turn of the century. Which was also caused by monetary inflation to "fix" the S&L crisis. See where I'm going with this? Deflation is just the market attempting to correct from this inflation.
@Andydag904 No, actually you can't, because of where it starts. Inflation starts with new money essentially given to banks and government, and it trickles down to eventually increase the wages of the workers who have suffered from higher prices for some time - and it is a continuous effect. Deflation starts essentially the same way (by money created by banks in loans being destroyed), except the workers benefit from lower prices until the wages are readjusted downward to compensate.
@Andydag904 No, the "killer" in all of those countries was a false inflationary boom, followed by a bust. The governments and central banks did everything possible to avert the necessary liquidation - just as Hoover and FDR did in the Great Depression - which dragged out the correction for years, if not decades. Ben Powell has written of this - google "Mises Japan 1990" and read the first link for more.
@mtanousable I am an avid Ron Paul supporter but I guarantee you if you asked him if he would prefer 8% inflation for 5 years versus 2% deflation for a year, he will take the inflation.
@Andydag904 Actually, he wouldn't. In fact, as he is a supporter of the Austrian School, he would support the deflation as a way to liquidate the malinvestment of the economy, and restore a gold standard to prevent inflation from creating another boom that would require more deflation as it turns to bust. A gold standard, btw, would eliminate any major amounts of inflation or deflation, creating a situation where the only deflation is the beneficial "we make stuff better and cheaper now" kind
@mtanousable A gold standard is a terrible idea and so inefficient. Look, you support deflation for God knows what reason but there are multiple countries experiencing deflation and look at how they turned out. Deflation is 1000 times worse than inflation and in a economy with many people unemployed and have large amounts of debt, you are telling me deflation is good for our economy?!
@Andydag904 Deflation will cause short-term pain, but it is NECESSARY to liquidate the malinvestment. Otherwise, you will have continuing unemployment, more debt, and eventually an economy crushed by high inflation and shrinking GDP (if not hyperinflation). Since the bubbles are caused by monetary inflation, deflation is NOT worse as it "resets" the economy back to a reasonable level. Please, look at just a few of the sources I have pointed you towards.
@Andydag904 A proper gold standard provides sound money, where the value neither drops or rises quickly over time - it cures the perceived ills of deflation and the very real ills of monetary inflation. Clearly, you will not back up your inane theories with any facts other than vague calls to theories of Japan/Great Depression shown to be false by individuals far smarter than you or I. Read/watch any of the sources I have cited and comment on them specifically, or I will not respond further.
@Andydag904 Ah, so you removed the comment. No matter - I still have it, and will respond with just this. Expansionary monetary policy creates artificial booms that inevitably turn to bust. Doing it again to "fix" the recession is ludicrous - it only creates another artificial boom that hides whatever kind of actual recovery might be happening despite government policy, and inevitably ends in another bust, which is likely worse (just as the housing bust is worse than the dot-com bust).
@mtanousable Banks would get more money to loan, in essence, increasing the aggregate demand. It works, that's why we flooded the market in '08 to stop the recession and bail out the banks to stop us from going into a depression.
@Andydag904 We were never going to be in a depression, only a quickly liquidated recession, and the result - a struggling economy until artificial boom-and-bust - is not better than liquidation and growth. We did much of what Hoover did after Black Tuesday which CAUSED the GD to be so bad and long. The focus on aggregate demand is wrong - there is no general glut, and Keynes never properly refuted Say's law. We need a truly free economy - not this "mixed" crap that causes these crashes.
@mtanousable I'm for a tax cut, because we are not going to go anywhere with a 33% income tax. If we can get taxes down to about 22 to 23%, we will see some good growth. Although it comes with inflation, we just have to deal with it because it's a side effect.
@Andydag904 We need a 0% income tax, and a government back where it was 100 years ago - small and dedicated to preventing force and fraud only. And since when do tax cuts cause inflation? Do you mean through debt financing - which should ALSO be ended as destructive to the economy?
As to your "deflation causes depressions" theory, I present the 2004 article on mises.org written by Joseph Salerno entitiled "Deflation and Depression: Where's the Link?" for more information on the whole thing.
@mtanousable 0% income tax, our debt would double in 2 or 3 years. Tax cuts cause inflation because it's part of an expansionary fiscal policy. We are below equilibrium so by spending government money on jobs and cutting taxes, it will cause inflation according to a supply and demand chart. But, inflation is extremely los, which means that unemployment is high, just like a supply and demand chart shows.
@Andydag904 "Expansionary FISCAL policy"? You're just cramming words together now, aren't you? Oh, wait. It's this "spending government money" that you are assuming - despite my point that we needed to shrink government and balance the budget, so on net increased production would increase supply and lower prices (without the depression or recession caused by a monetary contraction to adjust from an artificial boom). Your last sentence was written before the 70's stagflation, wasn't it?
@Andydag904 "0% income tax, our debt would double in 2 or 3 years" Cut $1 trillion, as I also advocate, and it wouldn't. It also would, as I advocate, require instating most excise taxes on government services (i.e. road taxes that actually cover the costs of roads, etc.) And obviously you can't, with the massive unconstitutional cancer of today's federal government, repeal the Sixteenth Amendment immediately, but the system is both morally wrong and a huge drag on the economy.
@mtanousable Expansionary fiscal policies are real and they have been working ever since the 1950s. We can't shrink government right now if the economy is growing slowly. That mean we need to rely on the immune system for the economy which would take 20 years before it started working.
@Andydag904 And deflation ISN'T BAD. As empirical proof, I give you Hong Kong. Hong Kong over the last decade has demonstrated that economic growth can and will take place in the presence of deflation. Over the last decade, Hong Kong's inflation rate has averaged -0.3%/yr, with a total 3.6% deflation since 1999. In the same time frame, GDP/capita has grown 90% or an annualized rate of 5.5%/yr.
@mtanousable Our inflation during Bush's regiem was 6% but he ran up the debt with an unnecessary fiscal policy when our economy was steady. Now, look at the countries I mentioned earlier, all deflation, all in a depression.
@Andydag904 You are still mixing up cause and effect. Depression causes deflation, not the other way around. Monetary inflation leads to price inflation and malinvestment (that 6% inflation and the housing bubble under Bush), which eventually turns to bust as the malinvestments are proven to be unsustainable poor investments, which results in recession/depression and deflation. IF ALLOWED TO LIQUIDATE, this last no longer than about 18 months before recovery. Else, it will drag on.
@Andydag904 If you care to learn about these arguments from an actual economist (as opposed to an amateur one like myself) please watch the following video:
@mtanousable Deflation is a direct cause of unemployment. When deflation occurs, prices go down, give companies less money to pay their employees, making them lay off the excess employees so companies can make more money. Plus, when we have a high number of unemployed people as well as those that are employed but have low hours, people accumulate a large amount of debt. If deflation occurs in our economy right now. Unemployment would skyrocket.
@Andydag904 Ah, you assume sticky wages. Again, most people will - when prices are dropping - accept a cut in pay to keep their jobs. When government demands that wages remain high - either implicitly through bailouts, added inflation and rhetoric or explicitly through wage controls - it interrupts this process and THAT causes unemployment. Remember that prices for intermediate goods (like parts) ALSO go down as demand shrinks, so companies still make profit despite the lower prices.
@mtanousable The less the inflation, the more unemployment and vice versa. So, in essence, when we have deflation, unemployment is very high. we have 9% unemployed and about 25% employed but with low hours at minimum wage. Delation would cause all 25% of the people to lose their job. That's why the unemployment in the Great Depression was at least 25%
@Andydag904 That is total bunk. Did you even READ my comment about Hong Kong? During that deflationary period, the unemployment rate was UNDER 5%, and only rose as inflation peaked. Further, in 1933 (after FDR took us off the gold standard) inflation rates peaked at 45% - yet unemployment was still quite high. Can you explain that, or do you cling to your flawed theories.
@mtanousable I can explain high inflation and high unemployment. Look at the late 70s and early 80s here in America. We had a high inflation and high unemployment. It's called stagflation which can result from inappropriate macroeconomic policies by the government such as excessive regulations on goods markets and labor markets. Also, an excessive growth in money supply can cause this.
@Andydag904 "an excessive growth in money supply can cause this." By Jove, he's (kind of) getting it. Now if you can only understand that this is the main cause for all bubbles bursting and all price inflation - and it is the cause of the stagflation that is occurring now (despite some government tricks to report a lower-than-actual inflation value).
@mtanousable Stagflation can also result when the productive capacity of an economy is reduced by an unfavorable supply shock, such as an increase in the price of oil for an oil importing country. An unfavorable supply shock tends to raise prices at the same time that it slows the economy by making production more costly and less profitable
@Andydag904 That's also been proven an incorrect assessment. Supply shocks can only raise certain prices - not all of them. An increase in the price of oil is only going to slightly raise prices (due to shipping) and otherwise only affect energy prices. Further, the economy adapts rather quickly to supply "shocks" by transitioning to different energy sources/supply directions. Provided, of course, that the government is not attempting central planning in energy as the US is/did in the 70s.
This is great Lauren Lyster brings up the good questions and Peter Schiff answers them truthfully. I am 18 years old and I am surrounded by people who are apathetic to these issues so I need some place to get the info and talk about it. Lauren not only are you beautiful but you are intelligent and have knowledge as well as other positive things. My kind of girl, well for the future ;) Anyways I will continue to watch and listen to you both. Good luck and thank you.
RT is so incredibly biased, with obviouse anti-western propaganda and anyone who actually takes heed of this network thinking it as fair reporting is blind, is it not obviouse? just look at the titles for their videos. watch "Russia Today = Kremlin propaganda newscast"
I planted potatoes in my garden this Spring- & by my playing the Spandau Ballet song to them they’ve come up GOLD!! Literally, my garden is now full of potato-shaped golden nuggets.
I’m worried, though. In the short-term I’ll be able to pay off the mortgage & live a little, but the ultimate consequences concern me. Wealth might change me for the worse- I might marry an 18YO model & look ridiculous. Also, what if others are able to do this? Surely gold will become next-to-worthless overnight?
~~^~^~^~^~^~^~In 2006 REPUBLICAN legislators mandated that the U.S. Postal Service(USPS) begin a 10 yr process of pre-paying all health & retirement benefits for all employees it may hire up to 75 yrs from now! THE GOAL: To create the ILLUSION that USPS, a NON tax payer funded profit making agency, is on the verge of FINANCIAL COLLAPSE! REPUBLICANS want to lay off 125,000 AMERICANS & PRIVATIZE USPS .~~~^~^^~^ REPUBLICAN RACKETEERING & GREED ARE DESTROYING AMERICA!
Capitalism, especially American-style, is clearly no longer the best economic model for the globalized economy. In fact, it could have become the worst model that would lead to class warfares and new revolutions towards socialism or communism, again. Remember that socialism and communism came about because of the demise of the middle classes and the extreme imbalances of wealth around the world.
Socialism and communism came about because a small group of power-hungry sociopaths received funding from a very small group of extremely wealthy American and British socialists and progressives.
Socialism and communism came about because a small group of power-hungry sociopaths received funding from a very small group of extremely wealthy American and British socialists and progressives.
An American Revolution is underway. But the media is keeping it hush hush. Join the revolution against our corrupt government. FIGHT for the Constitution.
I am using this comment section to voice my opinion on pbs comment selections. I see if something is controversial they simpley disable.What if someone has something to say that might be helpful? IN my opinion PBS is to controlling.They lost my respect . see ya
When are we going to learn that it is MONEY itself that is causing our problems. In order for things to have monetary value they must be scarce. That fact stops us from producing things like food and good housing in abundance, which we have the technology to do. It is time we changed and started working together. It is one world and we are all one. Google Zeitgeist Moving Forward 20011 and the Venus Project.
just be patient-obamas policies will fix our economy...as long as the Arab spring doesn't disrupt it...and as long as Japan doesn't suffer any further problems...and as long as no hurricanes, earthquakes, or volcanoes give us trouble. As long as mother earth doesn't do what she's prone to do...and as long as Muslims don't do what they're prone to do...as long as no oil spills happen...& no terrorist attacks--& no tea party tricks--then Obamas policies will work. Oh, forget it--we're screwed.
That's OK. Simply the American version of "Perestroika" will hurt more this way. The government and the rich are too corrupt to let it happen right now.
We all have to live and die, so the truth about life and death concerns and applies to us all. True or false? Search "TRUTH CONTEST" in Google and click the 1st result, then open The Present and read what it says to learn the Truth. Let's get serious and honest about the truth of life.
The corporate criminals have taken over the Executive Branch of government, the Legislative Branch, and the judiciary. Yet the people keep thinking by voting for the same corrupt politicians they are going to get rid of the criminal elements that have taken over America. Keep identifying yourselves as Democrats or Republicans, left or right. By remaining stupid, the people allow themselves to be divided thereby leaving themselves susceptible to all manners of crimes, misdeeds and injustices.
OMG, All I can think of is TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS AND TTTTTIIIIIIIIIIITTTTTTTTTSSSSSSSSSS!!!!!!!!!!!!!!
level of hiphop. What I am afraid of is that modern industry supplies the goods for almost 1billion westerners to live from. Atleast 50% of those might starve. I hope its not me.
Either way im going to stuff myself big time before that happens.
I actually Appreciate this poverty thats been cast upon the western world. Im a european myself and I dont fucking care what happens to my country or to the world. Im a human, a nation is just a dyed flag to whipe your ass with as a excuse to divide people.
maybe people will thrive for something else other then to work 40days a week to support a flawed economic and immigration program and to buy presents for xmas to then later get fucking depressed.
@mrmishulik I think far from China being a rising dragon it will simply become a flapping red herring. Its infrastructure would fold in the next few decades under its ever increasing oil prices and living costs and decades of the one child policy (and massive difference in the ratio of male and female populations) will be hell when their population begins to age like it has in the West for decades.
Peter Schiff is just another blood-sucking meat-head disguised as a sharp-dressed capitalist. you gotta be a fool to not see right through him. The rich get richer off of the poor- period. this guy's corporations make millions & he pays nothing in taxes, where his victims work their asses off & pay 1/3rd of their earnings in taxes. What a fuck-head. Peter Schiff is a fuck-head. and you're a fuck-head if you're not disgusted by this closet-faggot.
The Roman Empire lasted 1,000 years, but only about half that time as a republic. The Roman Republic fell for many reasons, but three reasons are worth remembering: declining moral values and political civility at home, an overconfident and overextended military in foreign lands, and fiscal irresponsibility by the central government. Sound familiar? In my view, it's time to learn from history and take steps to ensure the American Republic is the first to stand the test of time.
Why doesn't anyone call it what it is a friggin "depression"? I'm sick of the media covering up for these SOB's in DC.We are in a depression !! How many banks have failed ? What is the comparison of bank failures to the great depression of the 1930's ? Millions out of work,no jobs,food prices double and triple,gasoline almost unaffordable but Oh,it's just a recession,yeah right.Stick that crap up someone else's ass because mine is full.
Fuck Murdoch. Fuck Cameron. Fuck Obama. Fuck Ron Paul... Fuck Put me & my friends in. We'd only have one rule - do as you please, as long as you do not in ANY way inflict on anybodies elses equal right.to that happy state of freedom. I mean.... Cmon people, the system doesn't work. Fuck 'money'.... There's enough to go round, and there always has been. Stop being greedy cunts.... It's so simple it's embarrassing. What has our species become?......
@claton95, before embarrassing yourself further, please do yourself and the other more educated Schiff (German last name that means boat) a favor and educate yourself. The US gave sense and use to the Internet, the Swiss actually conceived it at CERN.
Some of these Europeans that think they're better than everone else are really showing off their stupidity. If it wasn't for the US you would have no internet. What country was it that invented Youtube? That's right US. It's the American policies of capitalism and economic freedom that has made it superior than any European country could ever dream to be. Without the US, they wouldn't have been able to trash this great country on the internet. So shut the fuck up Europeans and show some respect.
The necessity for jobs is the scam. So poverty is the goal. Property tax, regulation, and income tax, create poverty. If necessity housing, food, transport, were non-profit, and free to volunteers, a person would only have to work two weeks a year to pay for all necessities. This would grow the economy. With taxation allowed, the extortionists will take all they can. Nothing new here. A bounty on dead criminals and illegals = no crime.
@randomnessextremez Reminder : If you are a disillusioned Dem or unaffiliated, and you live in one of 18 or more closed primary states , U will not be able to vote Ron Paul in the critical primary! Some states are : AZ,CT,CO,DE,FL,OR,OK,NE,NC,SD,UT,NY,PA,LA,KY,WV,DC, AND MORE .Do not be cheated out of a vote,don;t cheat Ron Paul out of the nomination .The primary is where it counts -it determines the nomination
@PVBOG Well, he is the only one who will end the wars ,( which will save trillions ! ) has called for an end to the Federal Reserve , wants to abolish the IRS , curtail foreign aid , and much more . At least he offers something different than Obama ( Bush on steroids ) and the typical GOP. Why not give him a chance ?
@doogleandalix Yeah it would be nice to end these wars . I am giving him a try , I will vote for him in our primary and for president . If he doesn't win I'm leaving the country . He does seem to be the best bet to turn things around and Obama let me down big time . Ron Paul 2012 .
@PVBOG That's great you are voting for Ron Paul - as for leaving the country ,that's a bit drastic . When I was younger I often thought of doing that myself , but it is easier said than done .I will say in all my lifetime , things have never been as dire as they are now , and I think a large part of that is due to corruption and corporate greed -damn shame .
@HiPointMan My understanding is that the savings are 'invested' in the Western financial system - this is what caused the over-availability of cheap capital in the first place. China sells to the 'rich' west (yes the US, plus all the other Western countries). We in the west are all subject to the same crash, unfortunately. China don't sell to their domestic market and there's no margin in other third-word countries. Looks like a major shitstorm to me. BTW, I never watch TV news!
GREAT NEWS....Make money? Keep float?? Buy Chinese stock, or open account w BOC, China just started she has 100 years to go.But, u can not open online, u must go to the bank
Bank Of China, in NYC, U can open a RMB account, (NO DOLLAR ACCOUNT, JUST IN CASE)
@nowthatsinteresting1 READ, China & ASIA nations all have high GDP growth, plus 4 key BRIC nations, that keep world float. beside Turkey & Germany, China be fine, E.U & USA soon collappes..US import gross only account for China's 15% of the world export
Crap? u need thank China u still can afford to buy thing today, look around ur house, see which item made in U.S, China made a range of high quality items too, But, u can't afford it likely
@fdoca My logic is that if all the jobs hadn't been exported to low-wage economies, then us in the west would have more money to afford more expensive consumer products. There's only one way this can go - that's all employment will be in the East. But at current rates, a Chinese consumer cannot afford a $100 ipod and soon neither will anyone in the West. We're currently in a race for the bottom and soon no-one anywhere will be able to afford the products produced in the east. Not a good result.
@nowthatsinteresting1 ur logic is wrong, don't believe US media bias propoganda, FREE MARKET principal has been 1.000 years, it can not be change its a fact, we always tring to pay less in things
If China one day issue a sanction(Trade war) to U.S, USA is finished, $ worth less then 2 cents due to 64 trillion debt, Chinese r feed up , sick tired US bashing, ungreatful ,majority uneducated ppl, i wish china will do that to give a lessen. Bric can survive USA's 15% gross export loss & prosper
The best way to make money in this economy is to take advantage of the once in a lifetime opportunity trading Oil, you can make $200 to $5,000 a day trading Oil if you know the secret behind it. Are you ready to join the financial revolution? If so, just google "Oil Trading Academy" and change your life forever.
@hummarstra scary part is she could be the smartest. Not having baby after baby after baby. I like her better than most. Offcourse she is bit sidetrack behind but cant we all if we miss hours of sleep.
People up here discredit this girl's brain just because she is attractive and has big boobs. But I gotta say she has made a few good points. Peter Schiff's view that we should ablish all corporate tax laws and give corporations free reign and that it is because we are restricting corporations they are not hiring in America does not square with the record 1.7trillion corporate profits. Peter failed to respond adequately and gave a cop out non-answer. Fact is MNC are shipping jobs abroad.
America is on a diabolical path of economic self destruction... Peter Schiff and others who see the writing on the wall will help minimize the damage. Bit we can see it being anything less than near total. Please protect yourself and your family from this imminent disaster. Visit my channel listen to Schiff and other or simply educate yourself... Whatever you do please do something!
June-22-2011--The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of further monetary support, saying growth should pick up soon.
In quarterly projections released at the end of a two-day policy meeting, the central bank said the U.S. economy should grow 2.7 to 2.9 percent this year, a forecast that was marked down from a 3.1 to 3.3 percent projection released in April.
Earmarks and tagged-on-laws are ruining the quality of nearly EVERY bill that congress squeezes out... imo it makes me sick. -Tired of voteing for powerless congressmen/congresswomen. Could be worse; but this Federal Gov. is ~ a chicken with it's head chopped off. :(>
The USA is currently paying, for not investing in the future by making more kids in the 80's when it could afford it (more kids = higher real estate prices = no crisis to begin with) and is repeating same mistakes by listening to economic know-it-alls instead of taking this sexy lady to bed and having kids with her.. :-). In short, just make love, have kids - and trust the growing demands of the market to help you find a job. For the market to grow, you need more kids.
You want to see how Amerika is doing? Just check out the National Debt Clock, in Real-Time, and watch that number flyyyyyy all the way to the deepest red you'll ever see; its going at a Million a minute ;)
sil3ntdogood 1 week ago
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sil3ntdogood 1 week ago
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@sil3ntdogood and I don't know is this will make a difference, but the US Total Debt is at 56 Trillion.. CAN YOU EVEN BEGIN TO IMAGINE HOW MUCH MONEY THAT REALLY IS?!?!
sil3ntdogood 1 week ago
The U.S. will get what it deserves.
PHANTOMSLAYER7 2 weeks ago
For those of you who want to make a positive change in America and the world. LIKE this, SHARE with all of your friends on all of the social media sites. LIKE your local news channel's link and start posting all of these alternative media videos about what's really going on instead of the bullshit that local channels put on tv. We still have a voice as of right now, unitl laws are passed that shutdown the internet. WE CAN WIN!!!!!
FreedomFighter859 3 weeks ago
Whatever you presently chose to call the economic event we are going through, by the time it is over they will probably need to find a new name for the "Great Depression".
MX3516 1 month ago
Schiff, where did you get your degree? We are not in a depression.
Andydag904 1 month ago
@Andydag904 According to the dictionary definition of "depression", the Great Depression ended in 1933, with the increasing GDP in 1934. Try telling that to anyone who lived through that time. Our GDP is only growing because the flawed GDP statistic (unlike the Gross Private Product, or Private Product Remaining) includes our massively growing government spending on mostly arbitrarily priced goods and services. The private sector - where the real production is - has been shrinking.
mtanousable 1 month ago
@Andydag904 In addition, as shown by ShadowStats, when adjusted for inflation using the older (more correct) version of CPI, instead of the phony version since it was changed to hide some of the inflation, our GDP has actually been shrinking since around 2004.
mtanousable 1 month ago
@mtanousable Our GDP shrinking?! We have a real GDP of 15 trillion currently. Our GDP as of late has just been increasing slowly.
Andydag904 1 month ago
@Andydag904 When adjusted for inflation, it has been shrinking, as inflation has outpaced the rate of growth. Simple calculation: Rate of growth - rate of inflation = rate of REAL growth of GDP. Of course, I was referring to the estimated 7-10% of inflation calculated using the pre-1978 method (which was changed ostensibly because spending habits had changed, but primarily to lower the perception of the inflation of the 70s), and not the current method which underestimates it.
mtanousable 1 month ago
@mtanousable Are you saying that we have inflation currently? Because our inflation(i) is only about 1 to 1.5%. Go to any bank and look at the mortgage rates. They are about 3 to 3.5% depending on where you are. That 3 to 3.5% is the nominal interest(In). The bank wants to earn approximately 2% which is the real interest (Ir). So, Ir = In - i
The way I find the rate of growth in the economy is by taking current GDP - last year's GDP divided by 100 to get a percent.
Andydag904 1 month ago
@Andydag904 What are you on about? Inflation over the last twelve months - according to the BLS - was 3.0%. Mortgage rates are not inflation adjusted - they are adjusted according to base interest rates set by the Fed. The CPI calculated according to the old methods, before it was changed to hide the inflation, is actually around 7-10%. Real GDP is dropping. The private sector economy has barely grown in the last 14 years either way - as the nominal GDP growth has been in government.
mtanousable 1 month ago
@mtanousable I am telling you, inflation is so low that it is a problem. Interest is inflation adjusted. Ask anybody who works with mortgage rates at a bank.
Andydag904 1 month ago
@Andydag904 You are telling me this, in direct contradiction with BLS and Federal Reserve statistics - much less the more accurate statistics that actually include food and energy costs in the calculations. Plus, deflation benefits everyone except the deep in debt, as purchasing power rises (instead of falling). As for interest, it is clear that it is not truly inflation adjusted - it is based off the Fed's set rates, so as to get more interest than is paid to the Fed/other banks.
mtanousable 1 month ago
@mtanousable You said inflation is at 3%, why would inflation and interest be equal to each other. Banks would make no money. And deflation is a killer for this economy and is the last thing we need. The Great Depression was a deflation. The reason why we do not have deflation right now is because we bailed out our banks.
Andydag904 1 month ago
@Andydag904 Banks make their money before monetary inflation trickles through the economy into price inflation, because they are the first to get the newly created money from the Fed (along with government) at virtually no interest. The Great Depression, as the economist Rothbard showed in his book America's Great Depression, was not caused by deflation, but by monetary/credit inflation and was not allowed to liquidate by Hoover (or FDR). Allowing deflation would have helped liquidation.
mtanousable 1 month ago
@Andydag904 And deflation is nearly ALWAYS good - except for those in massive debt (like our overleverage banks and the federal government). Just look at the price deflation that has occurred, despite pressures from monetary inflation, in the electronics industry. Despite that, the industry is one of the only ones thriving in the US. It's quite clear from that case study that dropping prices is only good for the consumer and the producer both.
mtanousable 1 month ago
@mtanousable I'm sorry to be THAT guy, but I lost complete respect fro your argument when you said deflation is nearly always good. The financial institutions went down during the Great Depression, causing deflation. Deflation causes the housing market to crash, raises unemployment, and causes bank to lose money. Deflation is in no way good.
Andydag904 1 month ago
@Andydag904 I see accepted wisdom is all you have to go on, and logic fails you utterly. You fail to understand deflation's effects completely. Deflation raises the purchasing power of money (savings and wages). It does NOT cause unemployment - but it does cause wage cuts (which remain the same in REAL terms). Sticky wages are caused, if they exist, by government pushing business to avoid cuts (thus the Great Depression had massive increases in REAL WAGES for those that remained employed).
mtanousable 1 month ago
@Andydag904 The housing market crash wasn't caused by deflation - deflation is always an EFFECT of bust, not the CAUSE. The housing market was (predictably, thus Congressman Paul was warning about it back in 2001) caused by Fed monetary inflation to create another bubble to "fix" the dot-com bust at the turn of the century. Which was also caused by monetary inflation to "fix" the S&L crisis. See where I'm going with this? Deflation is just the market attempting to correct from this inflation.
mtanousable 1 month ago
@mtanousable u can make that same argument for inflation since wages increase. your point?
Andydag904 1 month ago
@Andydag904 No, actually you can't, because of where it starts. Inflation starts with new money essentially given to banks and government, and it trickles down to eventually increase the wages of the workers who have suffered from higher prices for some time - and it is a continuous effect. Deflation starts essentially the same way (by money created by banks in loans being destroyed), except the workers benefit from lower prices until the wages are readjusted downward to compensate.
mtanousable 1 month ago
@mtanousable Deflation is a killer for an economy, ask anybody in Japan, Hungary, Yugoslavia, Czechoslovakia
Andydag904 1 month ago
@Andydag904 No, the "killer" in all of those countries was a false inflationary boom, followed by a bust. The governments and central banks did everything possible to avert the necessary liquidation - just as Hoover and FDR did in the Great Depression - which dragged out the correction for years, if not decades. Ben Powell has written of this - google "Mises Japan 1990" and read the first link for more.
mtanousable 1 month ago
@mtanousable I am an avid Ron Paul supporter but I guarantee you if you asked him if he would prefer 8% inflation for 5 years versus 2% deflation for a year, he will take the inflation.
Andydag904 1 month ago
@Andydag904 Actually, he wouldn't. In fact, as he is a supporter of the Austrian School, he would support the deflation as a way to liquidate the malinvestment of the economy, and restore a gold standard to prevent inflation from creating another boom that would require more deflation as it turns to bust. A gold standard, btw, would eliminate any major amounts of inflation or deflation, creating a situation where the only deflation is the beneficial "we make stuff better and cheaper now" kind
mtanousable 1 month ago
@mtanousable A gold standard is a terrible idea and so inefficient. Look, you support deflation for God knows what reason but there are multiple countries experiencing deflation and look at how they turned out. Deflation is 1000 times worse than inflation and in a economy with many people unemployed and have large amounts of debt, you are telling me deflation is good for our economy?!
Andydag904 1 month ago
@Andydag904 Deflation will cause short-term pain, but it is NECESSARY to liquidate the malinvestment. Otherwise, you will have continuing unemployment, more debt, and eventually an economy crushed by high inflation and shrinking GDP (if not hyperinflation). Since the bubbles are caused by monetary inflation, deflation is NOT worse as it "resets" the economy back to a reasonable level. Please, look at just a few of the sources I have pointed you towards.
mtanousable 1 month ago
@Andydag904 A proper gold standard provides sound money, where the value neither drops or rises quickly over time - it cures the perceived ills of deflation and the very real ills of monetary inflation. Clearly, you will not back up your inane theories with any facts other than vague calls to theories of Japan/Great Depression shown to be false by individuals far smarter than you or I. Read/watch any of the sources I have cited and comment on them specifically, or I will not respond further.
mtanousable 1 month ago
Comment removed
Andydag904 1 month ago
@Andydag904 Ah, so you removed the comment. No matter - I still have it, and will respond with just this. Expansionary monetary policy creates artificial booms that inevitably turn to bust. Doing it again to "fix" the recession is ludicrous - it only creates another artificial boom that hides whatever kind of actual recovery might be happening despite government policy, and inevitably ends in another bust, which is likely worse (just as the housing bust is worse than the dot-com bust).
mtanousable 1 month ago
@mtanousable Banks would get more money to loan, in essence, increasing the aggregate demand. It works, that's why we flooded the market in '08 to stop the recession and bail out the banks to stop us from going into a depression.
Andydag904 1 month ago
@Andydag904 We were never going to be in a depression, only a quickly liquidated recession, and the result - a struggling economy until artificial boom-and-bust - is not better than liquidation and growth. We did much of what Hoover did after Black Tuesday which CAUSED the GD to be so bad and long. The focus on aggregate demand is wrong - there is no general glut, and Keynes never properly refuted Say's law. We need a truly free economy - not this "mixed" crap that causes these crashes.
mtanousable 1 month ago
@mtanousable I'm for a tax cut, because we are not going to go anywhere with a 33% income tax. If we can get taxes down to about 22 to 23%, we will see some good growth. Although it comes with inflation, we just have to deal with it because it's a side effect.
Andydag904 1 month ago
@Andydag904 We need a 0% income tax, and a government back where it was 100 years ago - small and dedicated to preventing force and fraud only. And since when do tax cuts cause inflation? Do you mean through debt financing - which should ALSO be ended as destructive to the economy?
As to your "deflation causes depressions" theory, I present the 2004 article on mises.org written by Joseph Salerno entitiled "Deflation and Depression: Where's the Link?" for more information on the whole thing.
mtanousable 1 month ago
@mtanousable 0% income tax, our debt would double in 2 or 3 years. Tax cuts cause inflation because it's part of an expansionary fiscal policy. We are below equilibrium so by spending government money on jobs and cutting taxes, it will cause inflation according to a supply and demand chart. But, inflation is extremely los, which means that unemployment is high, just like a supply and demand chart shows.
Andydag904 1 month ago
@Andydag904 "Expansionary FISCAL policy"? You're just cramming words together now, aren't you? Oh, wait. It's this "spending government money" that you are assuming - despite my point that we needed to shrink government and balance the budget, so on net increased production would increase supply and lower prices (without the depression or recession caused by a monetary contraction to adjust from an artificial boom). Your last sentence was written before the 70's stagflation, wasn't it?
mtanousable 1 month ago
@Andydag904 "0% income tax, our debt would double in 2 or 3 years" Cut $1 trillion, as I also advocate, and it wouldn't. It also would, as I advocate, require instating most excise taxes on government services (i.e. road taxes that actually cover the costs of roads, etc.) And obviously you can't, with the massive unconstitutional cancer of today's federal government, repeal the Sixteenth Amendment immediately, but the system is both morally wrong and a huge drag on the economy.
mtanousable 1 month ago
@mtanousable Expansionary fiscal policies are real and they have been working ever since the 1950s. We can't shrink government right now if the economy is growing slowly. That mean we need to rely on the immune system for the economy which would take 20 years before it started working.
Andydag904 1 month ago
@Andydag904 And deflation ISN'T BAD. As empirical proof, I give you Hong Kong. Hong Kong over the last decade has demonstrated that economic growth can and will take place in the presence of deflation. Over the last decade, Hong Kong's inflation rate has averaged -0.3%/yr, with a total 3.6% deflation since 1999. In the same time frame, GDP/capita has grown 90% or an annualized rate of 5.5%/yr.
mtanousable 1 month ago
@Andydag904 It's been inflating a bit since 2004, but between 1999 and 2003, the average rate of deflation in Hong Kong was 3% per year.
mtanousable 1 month ago
@mtanousable Our inflation during Bush's regiem was 6% but he ran up the debt with an unnecessary fiscal policy when our economy was steady. Now, look at the countries I mentioned earlier, all deflation, all in a depression.
Andydag904 1 month ago
@Andydag904 You are still mixing up cause and effect. Depression causes deflation, not the other way around. Monetary inflation leads to price inflation and malinvestment (that 6% inflation and the housing bubble under Bush), which eventually turns to bust as the malinvestments are proven to be unsustainable poor investments, which results in recession/depression and deflation. IF ALLOWED TO LIQUIDATE, this last no longer than about 18 months before recovery. Else, it will drag on.
mtanousable 1 month ago
@Andydag904 If you care to learn about these arguments from an actual economist (as opposed to an amateur one like myself) please watch the following video:
/watch?v=U9w0S9bEXIw
mtanousable 1 month ago
@mtanousable Deflation is a direct cause of unemployment. When deflation occurs, prices go down, give companies less money to pay their employees, making them lay off the excess employees so companies can make more money. Plus, when we have a high number of unemployed people as well as those that are employed but have low hours, people accumulate a large amount of debt. If deflation occurs in our economy right now. Unemployment would skyrocket.
Andydag904 1 month ago
@Andydag904 Ah, you assume sticky wages. Again, most people will - when prices are dropping - accept a cut in pay to keep their jobs. When government demands that wages remain high - either implicitly through bailouts, added inflation and rhetoric or explicitly through wage controls - it interrupts this process and THAT causes unemployment. Remember that prices for intermediate goods (like parts) ALSO go down as demand shrinks, so companies still make profit despite the lower prices.
mtanousable 1 month ago
@mtanousable The less the inflation, the more unemployment and vice versa. So, in essence, when we have deflation, unemployment is very high. we have 9% unemployed and about 25% employed but with low hours at minimum wage. Delation would cause all 25% of the people to lose their job. That's why the unemployment in the Great Depression was at least 25%
Andydag904 1 month ago
@Andydag904 That is total bunk. Did you even READ my comment about Hong Kong? During that deflationary period, the unemployment rate was UNDER 5%, and only rose as inflation peaked. Further, in 1933 (after FDR took us off the gold standard) inflation rates peaked at 45% - yet unemployment was still quite high. Can you explain that, or do you cling to your flawed theories.
Please, watch this video:
/watch?v=U9w0S9bEXIw
mtanousable 1 month ago
@mtanousable I can explain high inflation and high unemployment. Look at the late 70s and early 80s here in America. We had a high inflation and high unemployment. It's called stagflation which can result from inappropriate macroeconomic policies by the government such as excessive regulations on goods markets and labor markets. Also, an excessive growth in money supply can cause this.
Andydag904 1 month ago
@Andydag904 "an excessive growth in money supply can cause this." By Jove, he's (kind of) getting it. Now if you can only understand that this is the main cause for all bubbles bursting and all price inflation - and it is the cause of the stagflation that is occurring now (despite some government tricks to report a lower-than-actual inflation value).
mtanousable 1 month ago
@mtanousable Stagflation can also result when the productive capacity of an economy is reduced by an unfavorable supply shock, such as an increase in the price of oil for an oil importing country. An unfavorable supply shock tends to raise prices at the same time that it slows the economy by making production more costly and less profitable
Check out a stagflation graph on google images.
Andydag904 1 month ago
@Andydag904 That's also been proven an incorrect assessment. Supply shocks can only raise certain prices - not all of them. An increase in the price of oil is only going to slightly raise prices (due to shipping) and otherwise only affect energy prices. Further, the economy adapts rather quickly to supply "shocks" by transitioning to different energy sources/supply directions. Provided, of course, that the government is not attempting central planning in energy as the US is/did in the 70s.
mtanousable 1 month ago
@mtanousable Except for the housing market, that is deflation.
Andydag904 1 month ago
Lauren is so beautiful, and a solid reporter. Never leave RT!
nistyboy32 1 month ago
This is great Lauren Lyster brings up the good questions and Peter Schiff answers them truthfully. I am 18 years old and I am surrounded by people who are apathetic to these issues so I need some place to get the info and talk about it. Lauren not only are you beautiful but you are intelligent and have knowledge as well as other positive things. My kind of girl, well for the future ;) Anyways I will continue to watch and listen to you both. Good luck and thank you.
MrLivePositive8 2 months ago
Peter Schiff is an economic genius
konigjon 2 months ago
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RT is so incredibly biased, with obviouse anti-western propaganda and anyone who actually takes heed of this network thinking it as fair reporting is blind, is it not obviouse? just look at the titles for their videos. watch "Russia Today = Kremlin propaganda newscast"
XxMajorpainxX 2 months ago
she's wearing a push up bra
tacky 3 months ago
I wana see her tits
22madashell 3 months ago 6
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Ron Paul 2012
joydarling314 4 months ago
If this man is related to jacob schiff, he is a jew and a rothschild serant.
TruthOrDie14 4 months ago
@TruthOrDie14 he is related to irwin schiff, a true libertarian hero who went to jail fighting the us government you dolt.
bobjimjones 3 months ago
@bobjimjones
Related.....it's his old man ?
kennjohnsen 2 months ago
I planted potatoes in my garden this Spring- & by my playing the Spandau Ballet song to them they’ve come up GOLD!! Literally, my garden is now full of potato-shaped golden nuggets.
I’m worried, though. In the short-term I’ll be able to pay off the mortgage & live a little, but the ultimate consequences concern me. Wealth might change me for the worse- I might marry an 18YO model & look ridiculous. Also, what if others are able to do this? Surely gold will become next-to-worthless overnight?
SuperTruth77 4 months ago 3
@SuperTruth77 Who cares what you like with an eighteen year old . She is only there for your potatoes anyway.
Until as you say the neighbour cottons on and has a bigger patch.
binky4647 4 months ago
@SuperTruth77 no because gold is much much more finite than a dollar.
slimininin 2 weeks ago
~~^~^~^~^~^~^~In 2006 REPUBLICAN legislators mandated that the U.S. Postal Service(USPS) begin a 10 yr process of pre-paying all health & retirement benefits for all employees it may hire up to 75 yrs from now! THE GOAL: To create the ILLUSION that USPS, a NON tax payer funded profit making agency, is on the verge of FINANCIAL COLLAPSE! REPUBLICANS want to lay off 125,000 AMERICANS & PRIVATIZE USPS .~~~^~^^~^ REPUBLICAN RACKETEERING & GREED ARE DESTROYING AMERICA!
^
poindexterwitkowsky 4 months ago
Today's liberal Capitalism is turning out to be as bad, or even worse, as hard-line Communism was.... :(((
tigerman3012 4 months ago
Capitalism, especially American-style, is clearly no longer the best economic model for the globalized economy. In fact, it could have become the worst model that would lead to class warfares and new revolutions towards socialism or communism, again. Remember that socialism and communism came about because of the demise of the middle classes and the extreme imbalances of wealth around the world.
SuperYT4Ever 5 months ago
@SuperYT4Ever
Socialism and communism came about because a small group of power-hungry sociopaths received funding from a very small group of extremely wealthy American and British socialists and progressives.
Check out Anthony Sutton's work.
17Spartacus76 5 months ago
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@SuperYT4Ever
Socialism and communism came about because a small group of power-hungry sociopaths received funding from a very small group of extremely wealthy American and British socialists and progressives.
Check out Anthony Sutton's work.
17Spartacus76 5 months ago
An American Revolution is underway. But the media is keeping it hush hush. Join the revolution against our corrupt government. FIGHT for the Constitution.
eddiewingard 5 months ago
Great message, but... Lauren Lyster's tits.. faurk.
lgarvey1979 5 months ago
I am using this comment section to voice my opinion on pbs comment selections. I see if something is controversial they simpley disable.What if someone has something to say that might be helpful? IN my opinion PBS is to controlling.They lost my respect . see ya
lucyhill5 5 months ago
When are we going to learn that it is MONEY itself that is causing our problems. In order for things to have monetary value they must be scarce. That fact stops us from producing things like food and good housing in abundance, which we have the technology to do. It is time we changed and started working together. It is one world and we are all one. Google Zeitgeist Moving Forward 20011 and the Venus Project.
nansir 5 months ago
just be patient-obamas policies will fix our economy...as long as the Arab spring doesn't disrupt it...and as long as Japan doesn't suffer any further problems...and as long as no hurricanes, earthquakes, or volcanoes give us trouble. As long as mother earth doesn't do what she's prone to do...and as long as Muslims don't do what they're prone to do...as long as no oil spills happen...& no terrorist attacks--& no tea party tricks--then Obamas policies will work. Oh, forget it--we're screwed.
smokethosetaliban 5 months ago
That's OK. Simply the American version of "Perestroika" will hurt more this way. The government and the rich are too corrupt to let it happen right now.
geek77rus 5 months ago
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We all have to live and die, so the truth about life and death concerns and applies to us all. True or false? Search "TRUTH CONTEST" in Google and click the 1st result, then open The Present and read what it says to learn the Truth. Let's get serious and honest about the truth of life.
DemianHermann 5 months ago
jesus christ i love her tits:)))
zombiezombie1977 6 months ago 11
@zombiezombie1977 now that's a double dip!
Shrunkenhead61 5 months ago
The corporate criminals have taken over the Executive Branch of government, the Legislative Branch, and the judiciary. Yet the people keep thinking by voting for the same corrupt politicians they are going to get rid of the criminal elements that have taken over America. Keep identifying yourselves as Democrats or Republicans, left or right. By remaining stupid, the people allow themselves to be divided thereby leaving themselves susceptible to all manners of crimes, misdeeds and injustices.
streicherify 6 months ago 2
RT have women who dress like whores for journalists to grab your attention!!
These whores distract from the credibility of THE TRUTH!!
oh yeah, White people are making war against THE Muslim SAINTS and against HUmanity - as PROPHESIED!!!
HorChild 6 months ago
WORKERS OF THE WORLD UNITE!
SOCIALISM OR BARBARISM!
17soulable 6 months ago
OMG, All I can think of is TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS TITS AND TTTTTIIIIIIIIIIITTTTTTTTTSSSSSSSSSS!!!!!!!!!!!!!!
rudemood2011 6 months ago
@rudemood2011 Yes, these women are very, very attractive.
venomousbird 6 months ago
The US would have a better auto industry if they made better cars !!
timmot123 6 months ago 3
level of hiphop. What I am afraid of is that modern industry supplies the goods for almost 1billion westerners to live from. Atleast 50% of those might starve. I hope its not me.
Either way im going to stuff myself big time before that happens.
Armigo91 6 months ago
I actually Appreciate this poverty thats been cast upon the western world. Im a european myself and I dont fucking care what happens to my country or to the world. Im a human, a nation is just a dyed flag to whipe your ass with as a excuse to divide people.
maybe people will thrive for something else other then to work 40days a week to support a flawed economic and immigration program and to buy presents for xmas to then later get fucking depressed.
Maybe our initiatives will grow beyond the
Armigo91 6 months ago
@mikailmari youre right unless A BIG WAR is coming, were all be the SLAVES of the CHINESE EMPIRE ...
mrmishulik 6 months ago
@mrmishulik I think far from China being a rising dragon it will simply become a flapping red herring. Its infrastructure would fold in the next few decades under its ever increasing oil prices and living costs and decades of the one child policy (and massive difference in the ratio of male and female populations) will be hell when their population begins to age like it has in the West for decades.
Standuble 6 months ago
Peter Schiff is just another blood-sucking meat-head disguised as a sharp-dressed capitalist. you gotta be a fool to not see right through him. The rich get richer off of the poor- period. this guy's corporations make millions & he pays nothing in taxes, where his victims work their asses off & pay 1/3rd of their earnings in taxes. What a fuck-head. Peter Schiff is a fuck-head. and you're a fuck-head if you're not disgusted by this closet-faggot.
mrmjmolina 6 months ago
Dude, where's my job? Its in India. We have only prospered thanks to debt and that is about to end.
SocalismDoesNotWork 6 months ago
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The Roman Empire lasted 1,000 years, but only about half that time as a republic. The Roman Republic fell for many reasons, but three reasons are worth remembering: declining moral values and political civility at home, an overconfident and overextended military in foreign lands, and fiscal irresponsibility by the central government. Sound familiar? In my view, it's time to learn from history and take steps to ensure the American Republic is the first to stand the test of time.
stealthblack6 6 months ago
I love how Peter always manages to pimp slap these talking heads.
jasonrawls 6 months ago
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Ron Paul 2012!
brad238899 6 months ago
There goes our high credit rating
RJkiaser0916 6 months ago
Whats the deal with the little whore with the blue shirt and her little fried eggs tits stickin out like she owns a pair?
jbeljav 6 months ago
this chick talks way toooooo much. definitely very full of herself. let the interviewee answer and elaborate please. thx
icewalker23 6 months ago 2
Why is it Europe's business anyways, They have lots of money and currency.
OfficialKohieArts 6 months ago
@OfficialKohieArts cause Schiff is a one-hooker pimp, and his whore'a name is money.
mrmjmolina 6 months ago
Love this!
Recession Buster$
youtube.com/watch?v=6sCE3LKEdaY
SabarStudios 6 months ago
She has the dumbest fucking look on her.
TheSWTORMMO 7 months ago
that graph look likie a naked woman spreading out her legs ready to get fuck
samantha34ize 7 months ago
bank rob u cuz they are so charming and good at tricking u advice never trust a jew or a white ppl in america acting lik ur best friend
samantha34ize 7 months ago 2
Man, she has a nice boob job for things getting so bad. At least she could afford those for her job.
dmeiske1 7 months ago 2
@dmeiske1 did you see obama looking at them?
unabonger777 7 months ago
If you don't care for big government perhaps it's a good idea to do what others have done in the past when arrogance and idiocy reached absurdity.
Just a thought.
.
JosephHuntington 7 months ago in playlist rt-america
well, if you have no job and your broke. it will be a bit like being young again.
pakreecekennedy 7 months ago
boobs.
Phead128 7 months ago
Why doesn't anyone call it what it is a friggin "depression"? I'm sick of the media covering up for these SOB's in DC.We are in a depression !! How many banks have failed ? What is the comparison of bank failures to the great depression of the 1930's ? Millions out of work,no jobs,food prices double and triple,gasoline almost unaffordable but Oh,it's just a recession,yeah right.Stick that crap up someone else's ass because mine is full.
vangard213 7 months ago
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Fuck Murdoch. Fuck Cameron. Fuck Obama. Fuck Ron Paul... Fuck Put me & my friends in. We'd only have one rule - do as you please, as long as you do not in ANY way inflict on anybodies elses equal right.to that happy state of freedom. I mean.... Cmon people, the system doesn't work. Fuck 'money'.... There's enough to go round, and there always has been. Stop being greedy cunts.... It's so simple it's embarrassing. What has our species become?......
Marronisince1990 7 months ago
@claton95, before embarrassing yourself further, please do yourself and the other more educated Schiff (German last name that means boat) a favor and educate yourself. The US gave sense and use to the Internet, the Swiss actually conceived it at CERN.
OSCARINACOSTA72 7 months ago
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Some of these Europeans that think they're better than everone else are really showing off their stupidity. If it wasn't for the US you would have no internet. What country was it that invented Youtube? That's right US. It's the American policies of capitalism and economic freedom that has made it superior than any European country could ever dream to be. Without the US, they wouldn't have been able to trash this great country on the internet. So shut the fuck up Europeans and show some respect.
claton95 7 months ago
Watch Zeitgeist Addendum on youtube and you will understand everything
SteelRocker 7 months ago
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All you inbred right wingers who are about to lose your jobs, health care and homes-keep voting republican-PLEASE!! I dare ya!
Vetwolf13 7 months ago
If the U.S measured their unemployment rate on exactly the same way Australia did, they'd be atleast 16% unemployment.
Gr8barriereefer 7 months ago
The necessity for jobs is the scam. So poverty is the goal. Property tax, regulation, and income tax, create poverty. If necessity housing, food, transport, were non-profit, and free to volunteers, a person would only have to work two weeks a year to pay for all necessities. This would grow the economy. With taxation allowed, the extortionists will take all they can. Nothing new here. A bounty on dead criminals and illegals = no crime.
geehuckwow 7 months ago
In capitalist America, bank robs you!
randomnessextremez 7 months ago 52
@randomnessextremez Too bad it's not capitalist. It's government run.
juddsk 7 months ago
America ain't capitalist. Fractional reserve banks ain't capitalist.
truevoice08 6 months ago 2
@randomnessextremez Reminder : If you are a disillusioned Dem or unaffiliated, and you live in one of 18 or more closed primary states , U will not be able to vote Ron Paul in the critical primary! Some states are : AZ,CT,CO,DE,FL,OR,OK,NE,NC,SD,UT,NY,PA,LA,KY,WV,DC, AND MORE .Do not be cheated out of a vote,don;t cheat Ron Paul out of the nomination .The primary is where it counts -it determines the nomination
doogleandalix 5 months ago
@doogleandalix whats ron paul gonna do he is part of this corrupt gov't
PVBOG 5 months ago
@PVBOG Well, he is the only one who will end the wars ,( which will save trillions ! ) has called for an end to the Federal Reserve , wants to abolish the IRS , curtail foreign aid , and much more . At least he offers something different than Obama ( Bush on steroids ) and the typical GOP. Why not give him a chance ?
doogleandalix 5 months ago
@doogleandalix Yeah it would be nice to end these wars . I am giving him a try , I will vote for him in our primary and for president . If he doesn't win I'm leaving the country . He does seem to be the best bet to turn things around and Obama let me down big time . Ron Paul 2012 .
PVBOG 4 months ago
@PVBOG That's great you are voting for Ron Paul - as for leaving the country ,that's a bit drastic . When I was younger I often thought of doing that myself , but it is easier said than done .I will say in all my lifetime , things have never been as dire as they are now , and I think a large part of that is due to corruption and corporate greed -damn shame .
doogleandalix 4 months ago
@randomnessextremez lol
TheAstalavista00 4 months ago
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What's good for America is good for ALL -- including JOBS!
I like how Ron Paul doesn't participate in class warfare. What's good for America is good for blacks.
"Thy BlackMan.com" compares Cain to Paul and chooses Paul!
Google "Ron Paul & Herman Cain's Different Philosophies" by Staff
Re: Israel, Google "Are Evangelical Christians Warmongers" by Pastor Chuck Baldwin
Ron Paul re: Hispanics - great interview /watch?v=oHiKRVm7ziA
vechorik 4 months ago
@randomnessextremez Go to Cuba or China then
juicyappleish 4 months ago
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bankers+lawyers+police+judge+politicians = DIRTY CAPITALIST SCAM PIGS.
BANKERS & DRUGLORDS screwed life & society in human history.
BURN THE BANKS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!
BURN THE BANKS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!
"GOD dont SAVE the PIG CAPITALIST QUEEN"
SAVE the ANIMALS & NATURE. END THE DEBT.
kopellhinex 3 months ago
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People in the rest of the world are happy. Why because the Evil Empire of the USA is coming to an end.
USA Evil Empire = 卐
petersz98 7 months ago
Peter ready to jump her.
jnnycliff 7 months ago
@HiPointMan My understanding is that the savings are 'invested' in the Western financial system - this is what caused the over-availability of cheap capital in the first place. China sells to the 'rich' west (yes the US, plus all the other Western countries). We in the west are all subject to the same crash, unfortunately. China don't sell to their domestic market and there's no margin in other third-word countries. Looks like a major shitstorm to me. BTW, I never watch TV news!
nowthatsinteresting1 8 months ago
She is one smart lady
legaff 8 months ago
GREAT NEWS....Make money? Keep float?? Buy Chinese stock, or open account w BOC, China just started she has 100 years to go.But, u can not open online, u must go to the bank
Bank Of China, in NYC, U can open a RMB account, (NO DOLLAR ACCOUNT, JUST IN CASE)
fdoca 8 months ago
@fdoca You think the Chinese economy is safe? Their economy is 100% dependent on western consumers having spare cash for buying consumer crap...
nowthatsinteresting1 8 months ago
@nowthatsinteresting1 READ, China & ASIA nations all have high GDP growth, plus 4 key BRIC nations, that keep world float. beside Turkey & Germany, China be fine, E.U & USA soon collappes..US import gross only account for China's 15% of the world export
Crap? u need thank China u still can afford to buy thing today, look around ur house, see which item made in U.S, China made a range of high quality items too, But, u can't afford it likely
fdoca 8 months ago
@fdoca My logic is that if all the jobs hadn't been exported to low-wage economies, then us in the west would have more money to afford more expensive consumer products. There's only one way this can go - that's all employment will be in the East. But at current rates, a Chinese consumer cannot afford a $100 ipod and soon neither will anyone in the West. We're currently in a race for the bottom and soon no-one anywhere will be able to afford the products produced in the east. Not a good result.
nowthatsinteresting1 8 months ago
@nowthatsinteresting1 ur logic is wrong, don't believe US media bias propoganda, FREE MARKET principal has been 1.000 years, it can not be change its a fact, we always tring to pay less in things
If China one day issue a sanction(Trade war) to U.S, USA is finished, $ worth less then 2 cents due to 64 trillion debt, Chinese r feed up , sick tired US bashing, ungreatful ,majority uneducated ppl, i wish china will do that to give a lessen. Bric can survive USA's 15% gross export loss & prosper
fdoca 7 months ago
The best way to make money in this economy is to take advantage of the once in a lifetime opportunity trading Oil, you can make $200 to $5,000 a day trading Oil if you know the secret behind it. Are you ready to join the financial revolution? If so, just google "Oil Trading Academy" and change your life forever.
baningkoy 8 months ago
Comment removed
RefreshChannel 8 months ago
dumb bitch.
hummarstra 8 months ago
@hummarstra scary part is she could be the smartest. Not having baby after baby after baby. I like her better than most. Offcourse she is bit sidetrack behind but cant we all if we miss hours of sleep.
Nevawake 8 months ago
RT presenters do not seem very intelligent.. very pretty though..
zandersmith1 8 months ago
People up here discredit this girl's brain just because she is attractive and has big boobs. But I gotta say she has made a few good points. Peter Schiff's view that we should ablish all corporate tax laws and give corporations free reign and that it is because we are restricting corporations they are not hiring in America does not square with the record 1.7trillion corporate profits. Peter failed to respond adequately and gave a cop out non-answer. Fact is MNC are shipping jobs abroad.
jchien 8 months ago
Not QE8, I made a mistake; I meant to say, QE18 - Marc Faber
seobro 8 months ago
Question: what is the definition of a "depression"?
minnesota1002 8 months ago
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@minnesota1002
Question: what is the definition of a "depression"?
Answer: 2008 - ?
jeffiek 8 months ago
Wardrove malfunction ;))!
ChancetheCanine 8 months ago
America is on a diabolical path of economic self destruction... Peter Schiff and others who see the writing on the wall will help minimize the damage. Bit we can see it being anything less than near total. Please protect yourself and your family from this imminent disaster. Visit my channel listen to Schiff and other or simply educate yourself... Whatever you do please do something!
bimmerbenzorbently1 8 months ago
I see the 2 reasons they have this girl asking the questions.
(and it's not her brains and personality)
SomeLittleShoe 8 months ago
Mike Norman says U.S. debt is a myth so how can the economy be getting worse? That guy seriously confuses me with his statements!
YaHuWaHservant 8 months ago
Fed downgrades economic assessment,
sees pickup
June-22-2011--The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of further monetary support, saying growth should pick up soon.
In quarterly projections released at the end of a two-day policy meeting, the central bank said the U.S. economy should grow 2.7 to 2.9 percent this year, a forecast that was marked down from a 3.1 to 3.3 percent projection released in April.
88888FORCE 8 months ago
Breasts hanging out and no brains. jeeze! RT is going downhill.
mkmason2002 8 months ago
TITS!!!
toastm4n 8 months ago
I can't believe this crackwhore coughed like that before introducing Peter. She ought to have her head blown off. White women suck
LowBaller42 8 months ago
Damn she is Fine!
58jtaylor 8 months ago
Hmmm the *coff* at :48 must have been some trace semen left from applying for the job.
ospTube 8 months ago 2
Maybe the word "heading" should be pronounced as "assing", to better reflect the reality.
coturnix19 8 months ago
Slut
AIMANALI 8 months ago
God damn! RT I like your news coverage, but please get rid of this dumb surfer chick newscaster. Jesus she sounds retarded.
ItsMeGandhi 8 months ago
Earmarks and tagged-on-laws are ruining the quality of nearly EVERY bill that congress squeezes out... imo it makes me sick. -Tired of voteing for powerless congressmen/congresswomen. Could be worse; but this Federal Gov. is ~ a chicken with it's head chopped off. :(>
tungstenfusion 8 months ago
The USA is currently paying, for not investing in the future by making more kids in the 80's when it could afford it (more kids = higher real estate prices = no crisis to begin with) and is repeating same mistakes by listening to economic know-it-alls instead of taking this sexy lady to bed and having kids with her.. :-). In short, just make love, have kids - and trust the growing demands of the market to help you find a job. For the market to grow, you need more kids.
TheEEStudent 8 months ago
Srsly. teh hoomanz fasinashun wif paipurrrz haz gawn krwazy
TrumanTehSupraTiger 8 months ago