Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.
He has fought against the war on drugs, the foreign wars, and corporate bail outs.
Vote for liberty this year. Vote for real change.
First, regarding the low Stateside savings rate, I agree. In this consumer society, is it possible that you're looked down for saving?
Second, stop taking cheap shots at the Occupy protestors. To say they know nothing about economics, etc. is just bad reporting and a really boring talkshow soundbite that won't get you ratings.
Keep these coming Peter! I think there are many that can wake up to you if you got the word out more often. It would be nice if your name was tied more tightly to Ron Paul's. If it were so, together you would have an exponential impact upon those having eaten the lies of the Keynesian propaganda machine for so long. We were at one time a nation building upon the free market and liberty. Those were our strongest times. Continue to help bring them back (and with Mr. Paul).
i love how Peter avoids using words like "evil", "conspiring", "cabal", "canard", "planned implosion" etc. The guy has kid gloves permanenly attached.
Peter I love your channel and I am a strong advocate of Austrian economics. I am currently applying to grad school for economics and like to think I know a thing or two. Anyway my question is: Why cant an economy survive on mostly service sector jobs? If China was Texas and New York was America would we still need manufacturing jobs in New York? Or is it the trade deficit problem? I know the lack of manufacturing jobs is a hindrance but is that the only way to have a strong economy? Thank you.
@jdundon97 - The major problem is the paper currency, backed by nothing, which is being used as the medium of exchange. In my opinion, there's really not a problem with an economy based on service, for as long as it is providing a true service to its customers, which has value.
@joechien0218 I agree that fiat money is a very serious problem, however I don't see how having a gold backed currency would change the fact that we (America) do not produce anything. The only thing I can see dealing with fake money is the problem of debt financed consumption. We haven't had to build anything in this country because we just borrow (from China, Japan, Russia, etc.). We can consume the world's goods without paying them in anything other than IOUs.
@jdundon97 A commodity-based currency certainly doesn't guarantee that, immediately, more goods would be produced in America. But what it would do is level the playing field by negating the monetary inflation which has chased corporations overseas for cheap labor. If you think the credible picture of inflation is represented by the fraudulent PPI and CPI, you are mistaken.
@joechien0218 But this still doesn't answer my main concern of "Why do we have to produce goods in America to expand the economy?" I may be over analyzing this but it seems like one of the basic concerns Shift is afraid of. It seems I may need to crack open my copy of Human Action to get to the root of this query.
@jdundon97 ""Why do we have to produce goods in America to expand the economy?"
It depends on what you meant by "goods". I design these integrated chips for a living. Much of the intellectual and innovations are still done in United States. But if you look at the places where these chips are actually fabricated, they are outside United States most of the time. This is what I was trying to say earlier, for as long as the "service" you are providing has value, I don't see any problem.
@jdundon97 "Why do we have to produce goods in America to expand the economy?"
Not everyone in United States does what I do for a living. And I'm sure there are many other types of jobs in America that deliver actual "service" to their customers. All these are OK.
The main problem in America in my opinion is, the low saving rate. Avg household consumes nearly everything it makes. It'd be nearly impossible to find a common man on the street (selected randomly) that has $50K in saving.
@jdundon97 I used to live in Asia. Saving rate is by far much higher than in United States. On the outside, Americans appear to be wealthy. Everyone has a new car, lives in a nice house, has an IPOD...etc. But behind closed doors, all there is, is debt. In Asia, when you actually see people have nice things, they really own them. 90% in Asia buy cars with full cash. How many Americans you know that buy car this way? As Peter constantly reminds us, LOW saving rate IS a problem.
Why is it politicians in U.S. can't do the right thing and make the tough choices? Do they think being weak an incompetent is gonna get them re-elected?
@Razorex23 Because they are career politicians. They want to keep telling people what they want to hear. Listen to these GOP debates. Invade that place, invade this. More $ into this and that.
And if you listen to the liberal side, all they talk about is "free education", "free health care", "tax the rich"...etc as if everything is truly "free".
Rest assured America will keep spending. If they can't even cut 1.2T in next decade, don't count on them accomplishing anything.
Not paying taxes is kind of irresponsible and a bit ignorant if you wish to keep your quality of life, taxes are used to pay salaries and infrastructure.
What should be done is to have a tabular table for income disregarding where the income comes from, as in Canada, the higher the income the higher the taxes, but also that grants you greater benefits, but do not fear, instruments like lower income protection and higher income caps must be implemented, but if your earn more you should pay more.
On the other hand, you need a government in order to have some kind of an order unless you like living in anarchy, ask those African countries immigrants what they were running from and what they love about developed countries. And in order to have a government you need to "give" A.K.A. "tax" in order to enjoy "services" such as potable water, energy, roads, bridges, sidewalks, police, fire departments, hospitals (socialised countries) et. alt. So on my point of view...
HEHEHE!!! Welcome to the high price of low price, toxic assets anyone? Better call it being on a financial death roll with the Chinese government! That is America, they exchange very low priced products for debt bonds, what happens? Manufacturing jobs were sent to Shenzhen, Nanjing, etc. and those same jobs were lost in Wisconsin, Detroit, New Jersey, etc. jobs become scarce and salaries very low, so where is the fallacy? How can you buy something, as cheap as it might be, without income?
If there will be demand destruction globally, then it will become impossible for US treasury to collect enough taxes to pay back the debt. The tax revenues will fall so dramatically, that US will have no choice but to print its way out. So while it may be able to export the inflation to other countries (because the debt is in USD), it will still cause inflation around the world. The USD is safe haven because it is supported by Chinese savings, not because it is reserve currency
I like Peter but his dollar predictions are getting really old. It's like the little boy who cried wolf. Peter has been calling for a dollar crash for 10 years now
@rudemood2011 I am Glad you are coming over to the Dark side and finally figured out that He is Full of $hit! The US is the Greatest economy the World has ever seen! Our Dollars are Back by Intellectual capital, innovation, efficiency, and human labor. We have the strongest middle class in the world! No country with a population of 320 million or more can compare. The dollar will not be crashing in ours or our grandchildren s life time. Thats why the $ is the world rsrv currency
@Minethis1 Aren't you aware that Peter is going to block you for these hateful comments? I like Peter and think that he is right most of the time. Nobody is perfect. I would like to see you put up your track record against Peters. Until you do you have no right to bash on Peter
@rudemood2011 The One thing I admire about Peter is that he hasn't Blocked me. I have been disproving him for 2 years now and he hasn't blocked me. If he does it's his choice.
As for My track record. Feel free to go back on all his Vlogs and read my posts. I said Austerity is not the answer for the EZ they need to print or it will lead to disaster. I also said No $ collapse, No Hyper inflation, rates will stay low, US will not decouple etc My track record is Excellent would you not say?
@ralliart2000 No I am sick long term. Whats your excuse? How is my track record so far? Happy Thanksgiving!
We have a lot to be thankful for. Thank God for Ben Bernanke for being RIGHT, Printing and NOT turning us into a economic Waste land like Europe. Lowest Bond rates Ever, No Dollar Collapse, No hyper Inflation, and a Gov That has produced a Free-est Society With The Strongest middle class and the largest economy & military the World has ever seen! Enjoy this day.
@rudemood2011 Glad to see you get excited with different bright colors! Typical Peter Schiff follower. 3rd Grade education, love crayons coloring books, finger painting and by the age of 7 say their first word "Mama"!
Sure but the current policies are indicating that the future is not going to be good. On the contrary, it's going to be worse bacsue of inflation and depreciation of the currency. There is no way out using monetary manipulations. There has to be a profound competitiveness and growth based on that, not on quantitative easing. Again, this is how the US came into prominence. Now it's trying to ruin all that.
I believe central banks buying sovereign debt is wrong but i guess we reached a point where it is no choice anymore. When nobody buys bonds anymore everyone will default unless the central bank buys it. That time has come i am afraid. We really came to the end and at the lender of last resort. Spain has debt of "just" 65 percent of GDP but nobody wants to buy its bonds anymore.
@lucius1976 I am glad you said "Believe" because you certainly don't know! I will re post
"$35 Billion In 5 Year Bonds Price Below 1% For First Time Ever!! " Here is a little secrete That wasn't the US Gov buying those bonds. WOW Live and learn right? Now you know!
Ahhm you assume i talk about the US? I am not. Yes the bonds for the US and Germany have reached an all time low. But other countries it is a quite different matter.
@lucius1976 Do you know why it's rising other countries? I will tell you so you know. Because what used to be an 800 Bil problem and the US told the EZ print to support your banks and countries. the EZ had the idiotic mind set like the PS and RP that a strong currency and austerity was the way to go! Were they right? No!!!!! FED was 100% right & ECB RP PS were 100% Wrong!! The 800 bil turned into 3 Trillion problem & growing, the markets spanked their ars! They wished they printed Now!
@Minethis1 For days, your friend cannot even tell me WHAT the appropriate tax rate I should be paying, if I were in the 1% income range. That's ALL I want to know.
@joechien0218 Glad to play what if game and answer that question even though it is pointless since it is subjective. The fact is they must pay more.
Deficit reduction target, additional income required from 1% which represents (50% of income in the US) over a specified time period. Adjusted for economic growth over time.
"MY Friend" did answer your question "100% of income for 3 years" I guess your selective libertarian reading was set to 100% and skipped his answer. Or you didn't like it.
@Minethis1 Don't give me that ambiguous answer. I just want a number.
My wife and I are already paying 1/3 of my income in tax. We work nearly 10 hours/day. I'm in the semiconductor chip design business. I often pull weekends & endless nights to get things done.
I'd just like to know HOW MUCH more do you want me to pay and a BRIEF description why you deserve more of the money I work so hard to earn.
I DO want everybody to keep the money they make, Rich and Poor.
I want gov to STOP making up rules, hence opening up room for lobbying.
I want YOU to keep 100% of money you make. I don't want a penny of it, just like I do NOT want a penny from anyone wealthier than me, Steve Jobs as example, or Warren Buffet.
@joechien0218 Thats great! Move to Africa where there is lawlessness and live with the Maomaos the way you want. No one is stopping you. The Macro economy does not care what you want neither do I for that matter because it makes no sense to anyone else but you.
If Obama wants Middle Class to pay more, then it is WRONG. But at the same time, I do NOT want Obama to have a say on how much the Wealthy should pay either.
I want EVERYONE who makes their money honestly to keep 100% of what they make, including YOU. I want to limit the power, scope of gov so that there's no room for lobbying.
Respond to this video... Because I'm NOT talking about the "bankers" on wallstreet that make BILLIONS just sitting there doing unproductive work and getting bailouts from gov.
I'm talking about most of the 1%-ners that really earn their money honestly and work hard in lives. Why do you feel it's justified for you to take more of what I make?
Since when did "just wanting to keep the money you make" be considered "Greedy" ??
$35 Billion In 5 Year Bonds Price Below 1% For First Time Ever!! How is that bond collapse trade coming along? BTW It was made -60% lower! ROFLMAO! Add that to the long list of bad, bad calls!
LOL anyone believing or posting they are from the 1% are deluded and have no idea of what they are talking about! There are people that have a hefty amount of money saved, good for them, but the quantity required to enter the "despicable" and "petty" 1% CLUB is much and I mean MUCH larger than they realize, and in order to enter this CLUB first you need to lose principles and scruples. I have money but never as much as the 1% remora that have starved not just the US but the world.
@OSCARINACOSTA72 Those "remora" fund these repulsive gov programs that keep the phony progressives in power. The progressives have lost principals & scruples, if they ever had them. Damn them all.
As for your "net worth 55T" comment. I looked around, everyone is in debt. Avg American family has at least the mortgage debt, many have auto debt, credit card debt, student loan debt...etc. EVEN if you are right about the 55T net worth, our entitlement liability is estimated to at least that amount either. As for your "liquidity" argument, I really can't make you see through my eyes. But if you were my child, you won't be getting a credit card from me.
@joechien0218 Household net worth is actually more than 55 trillion. The reason everyone around you is in debt is because you live in the ghetto. Try moving and making some new friends. If we saw things through your eyes all we would see is darkness demons murderers zombies and lava!
The news is: (1) Market is wrong, it is not fully ready for GOLD/SILVER yet and it's been wrong many times in the past (2) Wise Money is probably taking advantage of this "gold price downturn" to pile up more ounces at these bargained lower prices.
As of 11/21/2011, Down was already down by 300 pts, Gold has been trading like stocks recently. Market's confused AGAIN what GOLD really is. But it's no surprise, this is just like what happened in 2008 when Dollar index temporarily spiked, and what happened earlier this year when 10-year treasury went down to as low 1.7%.
It looks like super committee will FAIL to find places to cut 1.2T over next 10 years. That's on avg 120B/year. We over spent by 1500B this year alone. Does anyone actually think GOLD will ever go back down to $900/ounce?
@joechien0218 I believe that Gold will go below $900. The world is in Deflationary environment the Dollar is King US Bonds are breaking highs and sustaining everyday which is not good for Gold and Silver. Historically when Gold sells off it will be fast and furious. IE Silver went from 50 to 25 in a two week moves. thats 50% draw down that gave investors little to no time to react. We can easily see Gold at 1300 in weeks ahead for the first move down. Follow me on twitter
@prx27 What you just said means absolutely NOTHING! China has Saves and their result is what? What have their savings produced? Better cars? Iphone? Homes? By your own words you said
"China doesn't have Domestic consumption which perhaps will cater for better standards of living."
That means They have to SPEND to improve their economy! NOT SAVE! Thank you for proving my point!
You said "American Inflation" What Inflation Quantify that for me with Facts & Figures! Not well I was told its high
@XESTISS their savings have allowed the American consumers to over-consume, to finance these ridiculous wars and to buy houses/cars ...etc. When they (Chinese people) pull out from this nonsense, you Americans will suffer. There'll be empty shelves in Walmart.
@joechien0218 1. Do you even know how much US debt China owns? A lot is not the answer I am looking for! LOL! 2. They will pull that money out and do what with it exactly? double LOL! Empty shelves in Wal Mart is not possible there are countries in line to be our biaatches!
I ask Again What has their saving done for the Chinese? let me save you a Post NOTHING! No sver has ever produced anything! ZERO! FACT! You live in Lalala Land!
@XESTISS "I ask Again What has their saving done for the Chinese?" Their savings have not benefited the Chinese. Their savings are all coming to United States where American people SPEND for them. For as long as the Chinese won't wake up, it is Americans who benefit from this. But a fool won't stay a fool indefinitely. When they wake up to this nonsense, *that* is when the dollar collapses. It won't be long.
@XESTISS To answer your question, (1) Yes China owns trillions of US debt, so what? (2) What will they do when they pull out? What will you do if empty out your saving account now? You can save elsewhere/spend/consume/invest. If you don't know the answer to your 2nd question, wire all your money to me, I'll take over from that point on.
@joechien0218 LOL Trillion"S" WRONG!!! Dumb ass! Try Again! I told you don't give me "A LOT" I want an exact number! So you can see how stupid and ignorant you really are!
@XESTISS 1.5Trillion(s). Who am I even talking to? A child over there? If so, I'm wasting time. If you are going to attack me, you will respond to my posts with intelligent and constructive criticisms. If you are going to resort to calling names, then I'm not interested.
@XESTISS I'll answer your questions when you have responded to mine:
(1) US debt just crossed15T. Our politicians won't do anything about it. What would you do if you could tyrannically dictate everything? You could say "tax the rich 100%" if you wish.
(2) 10-year treasury yield is ~ 2% today. Do you believe rate will continue to stay that low indefinitely? If it rises to 5 ~ 10% when our debt hits 20T a few years from now, then what?
@joechien0218 1. Tax the rich when you need water you to to the river not the desert!
2. Yes i do believe interest rates will continue to remain low until we recover. When we do recover inflation naturally will become an issue and we will have plenty of room to raise rates to contain inflation!
3. Exactly what he as been doing. Debt doesn't matter offsetting credit contraction and providing liquidity to the market is the most important thing to getting people back to work & growing GDP
@XESTISS (1) How rich do you consider "Rich"? By gov's "standard", I'm the 1% too and already pay 1/3 of income in tax, I made my $ honestly all my life. What % do you think I should pay in tax to be "fair"?
(2) So since we are watching all this misfortunes being played out in Europe, what's so different about United States that will guarantee we won't be "another Greece"? You could say "we could print $"
(3) Debt does not matter? Really? Just keep "liquidiify"?
@joechien0218 Still waiting for you to tell me what % China owns and how many countries have a GDP Greater than 10 T.
I am 1% as well and I will tell you this If we collapse under deflation it doesn't matter how much we have in the bank or how little taxes we pay than! If our Customers don't have cash to spend how can we make more money?
2 and 3. US Household NET Worth is 55 TRILLION! We are Nothing like Greece. Yes "Just Keep liquidity" Thats why our Bonds are so low!
@XESTISS (1) Well then, what's preventing you from writing Uncle Sam a check right now as we speak? Just keep what you need to survive, when I was in grad school, I survived on $1500/month. You can do it too. Once AGAIN, just TELL ME what % in tax I should pay for you to consider fair. Give me a figure. As for (3), bond yields are only low today because the full faith in Dollar is still there, after all, the world's addicted to Dollars for decades, it ain't gonna change overnight.
@joechien0218 What a Gay statement "why don't you write a check!" If you were a 1% you would know WTF I a talking about! Maybe you mean bottom 1% is what you really meant!
Pay 100% of Income for 3 years is a good start and we will move into stock options, dividends, interest earned, savings and assets if that's not enough.
Bonds are low because the market says so! Why doesn't the ECB manipulate their bonds lower? Because the Market says so! Answer my Previous questions and stop dodging!
@XESTISS (1) When you file your 1040, at the bottom of it, it asks you if you wish to contribute more to help fight tax revenue problem. I take it you have NOT been doing that? WHY? (2) Ok, so you want 100% of my income for 3 years straight, at least. What makes you think I'll work for the next 3 years? (3) Bonds are low because of Fed's manipulation. Think Bernanke's latest Operation Twist. This is NOT 100% due to the Market.
@joechien0218 Honestly I don't even know what the 1040 says. i have a team that takes care of it for me Mr. 1% ROFLMAO! Because I am Rich and I know how to do basic math! That's how I know it will work! Bonds are low Because The Market says they are LOW! If we didn't print the Market would say High!
Now Tell me MR. 1% lol what percentage of our GDP does China own? How Many economies in this world have a GDP of 10 Trillion or greater? This I love to hear!
@XESTISS - Why do you have a team to do your tax for you if you, having already admitted, would like to at least contribute 100% of your income to the IRS for at least the next 3 years? Prove to me you are doing what you are advocating, THEN you will get your answers from me.
@XESTISS Do what? All I'm asking YOU is, WHY do you even need a TEAM do your tax for you? The only reason to hire a TAX team is to find deductibles you can claim so that you have a small tax liability. Since you are the 1% and 've been claiming all this time you enjoy paying 100% of your income in tax, WHY THEN did you hire a tax team? Or are you simply lying about who you are? Gosh I feel I'm wasting time with you.
@XESTISS Why do you EVEN NEED a "team" to do your tax to begin with? Reveal yourself, who am I even talking to? How old are you anyway? Did you even finish high school? If you are not the 1%, then I'm wasting my time.
@joechien0218 Actually no I did not finish high school. What does that mean? That I am not 1%?
Now Tell me MR. 1% lol what percentage of our GDP does China own? How Many economies in this world have a GDP of 10 Trillion or greater? This I love to hear! Still waiting for you to eat $hit!
@XESTISS Ok now I understand you did not finish high school and are probably a genius because you are the 1%. I'm still waiting for you to educate me WHY you need a tax team to do your tax for you. I thought you enjoy paying 100% of your tax to the gov for at least the next 3 years. Remember the rule? You answer my question first, before you get mine, since you were the one that started talking to me first.
@joechien0218 I told you already I did not finish high school! What is you point? You trying to figure who I am in Fortune Magazine?
Listen here my little piker bearshitter! you have clearly displayed that you dig holes for a living. I also gathered you can't figure out how to do % thus you can't answer my questions. You have embarrassed your self with "China sells UST we will collapse"! & "debt matters" but our bonds are at 1.9% LOL you are broke, clueless & a follower! Go do your taxes now!
@XESTISS You still have not answered my question WHY you need a tax team to do your tax for you? I just want to make sure you are practicing what you are advocating for, before you ask others (like me) to join you. Otherwise, why should anything you've said deserve any credibility?
So far all you have done is call me names while I have been respectful to you all along.
Who's the "idiot" then? I don't know, maybe it's you?
By the way, even if I do "dig holes" for a living, I'd be proudly admitting that. At least I'm not sitting at home collecting unemployment checks, watching TV all day long and whine about gov not do a damn thing to help me.
What's with the insult on people that "dig holes" for a living?
It appears this is all you do, calling names, random throwing insults.
@joechien0218 no 1st took all your BS theories apart with facts that you verified yourself first and than I trashed you for being ignorant and talking smack when you are completely clueless. So the real troll here is you! I on the other hand know exactly what I am talking about and thats why you got bitched slapped!
You question Gov, Fed when you can't even figure out percentages. I leave you with this "Better to remain silent and be thought a fool than to speak out and remove all doubt!"
@XESTISS - I'm still waiting for your response, why did you hire a tax team to do your tax if you just want to pay 100% of your income in tax and want others like me to join you?
Or are you just a hyporite like Michael Moore?
Or simply a liar, and that you are not in the 1%, but hate us so bad, you just want to take everything I have despite the fact that you cannot come up with a single reason how I have made my money dis-honestly.
@joechien0218 LOL You still foaming at the mouth? ROFLMAO! Yes! I am Micheal Moore you got me man and I am a Dis-honest Liar BUT A RICH Liar!
BTW I hear they have developed some good new therapies for your bipolar disorder! I banging this chick who was on was part of the team of researchers who developed it. If you want I'll ask her for the clinic Tel for ya? I'll tell her you live in a compound in Waco, Taxes to see if there is a clinic near you. you can thank me later.
Instead of directing your anger towards the Rich, why don't you blame the gov for handing out the bailouts?
Gov dictates who the winners should be (the Elites) and who the losers should be (You), the question is, HOW did it get so powerful to begin with?
When you ask the gov to take more from the Rich and give to you, you are directly contributing to growing its power, and THAT'S how we got to where we are today.
@joechien0218 We got bailed out? No the World got bailed out! All of the 7 billion people on this planet. Thats what the Gov chose.
O Wait Now I get your logic. The 7 Billion should have starved in the street so I don't have customers to continue being rich! Now I get how your Pea brain works! You Hate Gov, Wall Street, Rich, Middle class, Poor, Everyone. BTW I spoke to the Dr I banging about your case wants to know how often do you beat your wife and kids?
@joechien0218 Hate is a strong word. I have never hated anyone! Dislike? Yes. I dislike liars for personnel gain. That I have a real problem with! it is my pet peeve!
Me invest with Schiff? LOL Are you crazy? Do I sound like a guy that would allow anyone else to invest my money? Let alone a bearshitter fortune teller? My businesses have boomed these last ten years while he has been preaching a $ collapse! Thats completely opposed views. Reality vs Fiction! His a clown man you just can't see it
@XESTISS - So let me guess, Ron Paul is a joke to you too right? The things Peter Schiff has been saying for the past 5 years, Ron Paul has been saying for decades. Schiff merely runs a brokerage firm and advertises his belief is his job. Now I believe he believes in what he says. He's not pointing a gun forcing anyone to invest with him. What's wrong with what he's doing?
I've met with his brokers before, I never felt pressured into investing with them.
@joechien0218 Ron Paul is an embarrassment! Lets send Iran flowers and friendship cards! Lets allow 30 year old to die because he has no insurance. Lets allow areas of devastation figure it out for them selves while we all sit back and relax and say "Dam shame"! Lets remove 1 trilly out of the economy and make the crisis worse! While we are at it F$ck the poor & the sick too! Who needs them? Education? Not needed? We can all dig holes (like you) for a living. We can turn the US into India! IDIOT
@joechien0218 I would love to see RP win! The day after As a result, your local grocery stores and shopping mall will be wiped clean. You will have to resort to the ancient practice of cannibalism, in order to survive the barren winter months. Just watching you Tea baggers starve in the street like dogs is almost worth it to me. You will be running around in the streets like a Libyan or Egyptian freedom fighter! You Especially, will be sucking D$cks on the corner for a fresh pair of dry socks!
So with all these hatred (or dislike) towards Ron Paul and his messages, you also believe American Constitutions are pretty much junks anyway right?
All Ron Paul's been saying/doing (or NOT doing) is based on Constitutions. Those that hold public offices have all sworn oath to protect the Constitutions. Their only duty is to enforce it. Period.
I'm Asian American, I was not born here, but I understand what it is to be an American more than most out there.
@joechien0218 "Messages"? You mean fairy tales! we'll send a post card of friendship to the Iranians and they won't build a nuclear bomb! RIGHT! Everything RP says about the constitution is full of sh$t! Thats why he is laughed at like a clown! He has Zero credibility on the subject! The Last thing you understand is how to be American. You support the Nazi anti American mentality!What are RP polling numbers? 8%? In any crowed without fail there is always 8 to 10% of IDIOTS!
@joechien0218 Constitutions = Fairy Tales No open your eyes a bit and read what I wrote. What RP says is fairy tales. Let me repeat because your slow What RP says is fairy tales! Got it fruity?
And sure the above-mentioned Armageddon scenario was what happened to America prior to income tax and Fed huh? Oh wait, it's the opposite that actually happened.
And please don't tell me, Capitalism caused the crisis in 2008, because if it wasn't for the Fed (Greenspan)'s cheap rate monopoly and Fannie/Freddie there to guarantee loans, none of it would have happened, wall-street could not possibly have gotten greedy, fear would have kept it in check and you would still have a job today.
@joechien0218 This is not up for debate! 2008 was caused by a lock up of the Financial system within the "UNREGULATED BY THE GOV" Derivatives Market! The Symptom was citizens GREED that They would buy a home they could not afford and the price would double in a year for 100% GAIN! THE GOV had ZERO to do with it! I Repeat because your slow GOV had ZERO to Do with it! They did not put a gun to people head and say borrow! Nor did they Screw the Derivatives Market! You got that Fruit loops? ZERO!
@XESTISS How did we get so greedy? Because the fear was removed.
After all banks will just lend, Fannie/Freddie got their backs right?
A school teacher making 40K/year now could now purchase a home she was unable to afford. How was that possible? The Fed had rate at 1%. She could now "pay for that house" cuz mortgage rate was that low.
Don't you see that this is the failure of government policies?
Fear is what keeps Greed in check. But we didn't have a true capitalist system.
@joechien0218 "fear was removed." WTF are you talking about? On the one hand when Gov intervenes Gov sucks When the Gov doesn't intervene Gov sucks again hahahahahahaaah! I told you you're a Nazi anti American! Listen I'm getting on my jet shortly To fly to the east cost for a late Diner. You keep listening to Petey and keep waiting for the $ to collapse while you improve your bunker. Don't forget to buy some Bit coins & gold from your boy b/c he hates $ Fiat!. Keep rooting for your own demise!
@orionstarman Thanks for proving my point you are anti american and a Nazi like the other bozo!
Now the both of you go back to digging holes and leave the intellectual talk to fine educated capable gentleman such as myself to sort this mess out for you. Keep complaining, whining, bitching moaning and keep listening to kooks like PS and RP. Rest assure we will take care of you because I want you to keep buying my products and services. You are worth more to me than you are to your selves.TTFN!
@joechien0218@orionstarman I throw insults to two idiots like you two Bozos that act like you know! When proved wrong you don't admit it like gentleman and say Wow! Xestiss you are right I never thought of it like that! Great point! ROFLMAO! Instead you worry about my taxes and telling me it's Gov fault! lol! Nice! Your Life sucks because you are both small minded! thats the Gov fault too. Right!?!? Anyway time for me to freshen up to meet the lady and enjoy a 1978 Montrachet! TTFN Bozos!
Respond to this video... What's with the repeated insults to people that dig holes for a living? If it was really my job, I'd be proud to admit that.
Are you now attacking the immigrants? As far as I see, they are hardworking people for the majority part and that many Americans would rather sit at home and whine about gov and life, while collecting unemployment, acting as they are too good for those jobs, makes me sick.
@joechien0218@orionstarman surprise, surprise, surprise! just got off my PVT Jet in the limo & I open my Ipad up and you libertarian B$tches are still foaming at the mouth. Hahahha! Excellent! Let's see here.... One guy is sick. Another guy says I am clueless oops sorry F$cken clueless. Ok O wait I am paying 100% of my money in taxes.. I am not never said that. He is insulted that I trash talk.. Mommy never spoke like that to him ok.. I have a team to do my taxes true... ok
@joechien0218@orionstarman I never insulted hole diggers I insulted you! Hole diggers don't know sh$t about economics and finance just like I don't know Sh$t about digging holes! Nice try to twist my words didn't work.
My Tax team is not an issue here. My assets and income from various avenues are complex. The issue is you said you were a 1% and yet you were describing a tax form where this box is and where that box is on the form! LOL! a clear give away you are a Liar! ZERO Credibility!
@XESTISS You insulted me by calling me a "hole digger". Since you do not think hole digger is inferior, but admitted you are insulting me by again call me a "hole digger"..... What are you trying to accomplish here? Explain that.
@joechien0218 Thats because you are a hole digger and proud of it you said that yourself. All the sudden it's not cool to be a hole digger? Typical libertarian hypocrite!
I think he is trying to accomplish the impossible to make you understand your a tool! Here is a little fact no two libertarians can agree on what libertarianism mean. You know why? Because they are all zombies that make shit up as they go of what they really mean. Depending on the conversation and their surroundings.
@Minethis1 Secondly, libertarian's, like any broad group (see democrats and republicans), will have differences of opinion on a variety of topics. However as a group we have much more in common, and agree over a wider variety of issues than either of the two other major political groups. Libertarian thoughts focus around the preservation of individual rights, liberty, and by extension generally advocate for a minimal federal government with localities holding most of the power.
@entelin hate to break this to you but Libertarians would dis agree with you. You know why it's an ideology that is full of shit! Syrians are Libertarian because they oppressed. and have us as an example Americans have who to point to? Our poorest in this country are in the top 1% when compared to the rest of the world. Which county has a stronger middle class with a population of 300 plus million? Libertarian is code word for " I am greedy and selfish I want more for me Gov't"
@joechien0218 I thought you said you would be proud to admit you were a Hole digger? ROFLMAO! Flip Flopping again? Why are you putting down Hole Diggers? Explain THAT!! You f$cken Clown! This is why you are a nobody! You are Small minded and easily manipulated!
@XESTISS Out of all the questions I asked, you responded to this one?
I just want to know how much tax in terms of %, you wish to take from me. No, I cannot accept your prior response "100% for next 3 years" as an answer.
@joechien0218 First off Happy Thanksgiving! I am taking the day off from belittling you due to your pea brain ignorance an d short man complex.
Here is my answer
For you (low economic class) you pay the same taxes. For me the 1% I pay 100% of my income for 3 years. Income from my investments are taxed at current rates. It is far more cheaper for me to pay 100% of my income and have you spend your money in the economy buying my products than it is for me to pay less taxes. I still get $ back
You just don't get it huh? I'm wealthy because of you, happily giving me the money you work hard for. Because you keep coming back to buy these electronics which use our chips. If you just want to tax me 100%, you can do so by not using this laptop computer you have now, and return the IPAD that you have. I'll be out of job tomorrow.
@XESTISS - It'll be "Black Friday" tomorrow. I hope you won't be shopping for electronics. If so, you are directly enriching me.
For you to be claiming All 1% should be 100% of their earnings in tax and yet you keep wanting more of the products we make without having to pay anything is just hypocritical.
@joechien0218 you should read what I write once in a while. It will help you from asking te same questions all the time, It is thx giving & you are making it difficult for me not to go off on you.
Chip maker? lol it's like telling me you sell Casio digital watches or selling bananas. You are not 1% if you were tell me what the operating cost is of a G V.
If you were a 1% you would not be short sighted & foaming at the mouth for tax dollars. You would understand that Debt doesn't matter!
I design these low NF, high IIP3, high dynamic range BiCMOS transmit and receive chips for multi-band GSM applications. Do you even know what these things are?
@joechien0218 HAHAHAHAH!! What happen to Gold and Silver? The Dollar is SOARING! Remember I told you 3 weeks ago I am SHORT GOLD! ROFLMAO! I told you I would pick Pocket your account! Please keep buying on the way down! I WANT MORE!
@joechien0218 You see even if you paid zero taxes and forfeit all the benefits the Gov provides for you even though you may not use them on day to day basis. All I would do is raise prices on you since you have more to spend. The Net effect is you end up back to where you started minus a police, Military, Education, FDA, dept of energy lol Fima etc. You have More supply of $ You will demand more I will charge you more! When the lower class is starving and robbing you weekly you will want Gov.
@XESTISS oh ok, so you do NOT pay 100% of your income in tax, but you had asked me to, for at least 3 consecutive years? WHY? What's so special about you that should be excluded from the rest of the 1%? Explain that.
@UponInfinity AAAA my Little pouswaaa! How is My Gold Short working? Well it is actually Going very well thank you for asking. May I ask how your "prospectus" is going for you in your paper account? ROFLMAO! I didn't become Rich listening to Clowns like PS on You Tube! Tell me How is the Dollar Collapse coming along? How about The Bond Crash hahahaha! How are Emerging markets doing these days hahahahah! You are only a Piker with a keyboard. My Little pousowaa! Keep reading your prospectus!
@XESTISS Oh, yeah, you made money on that little pullback? Naturally, you have the screenshot too, to boast, no doubt? Or just more shrieking like a lunatic? I swear, I could sodomize you for weeks on this page...you just make it so easy, it's starting not to be fun anymore.
@UponInfinity Do You even understand what a $100 move means when you are leveraged 100:1. LOL what do you think I am buy 100 shared of GLD? You are so ignorant! Screenshot? Sure What Number you want it to read? Typical stupid posts with no substance! I told you 4 days ago Gold was going DOWN! Was I right? Yes I was Piker! I gave you my call in Real time! Not a screen shot! after the fact! Watch me now as I take my first of many Victory laps with a Nice bottle of 1990 "Methuselah”! Y
AAAaaAaaa he said dodo
rodrigodet 2 days ago
This has been flagged as spam show
Support Ron Paul.
Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.
He has fought against the war on drugs, the foreign wars, and corporate bail outs.
Vote for liberty this year. Vote for real change.
Thumb up and spread the message!
RapsAlive 2 months ago
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XESTISS 2 months ago
First, regarding the low Stateside savings rate, I agree. In this consumer society, is it possible that you're looked down for saving?
Second, stop taking cheap shots at the Occupy protestors. To say they know nothing about economics, etc. is just bad reporting and a really boring talkshow soundbite that won't get you ratings.
whereismybailouttv 3 months ago
@whereismybailouttv Peter went down to Occupy Wallstreet /watch?v=ahMGoB01qiA
YaHuWaHservant 3 months ago in playlist More videos from SchiffReport
Keep these coming Peter! I think there are many that can wake up to you if you got the word out more often. It would be nice if your name was tied more tightly to Ron Paul's. If it were so, together you would have an exponential impact upon those having eaten the lies of the Keynesian propaganda machine for so long. We were at one time a nation building upon the free market and liberty. Those were our strongest times. Continue to help bring them back (and with Mr. Paul).
melodicdreamer72 3 months ago
The only way out of a debt crisis is debt destruction
-Reggie Middleton
mcourtmiller1 3 months ago
Hey Peter, what do you think of Steve Keen's analysis?
KenMacMillan 3 months ago
i love how Peter avoids using words like "evil", "conspiring", "cabal", "canard", "planned implosion" etc. The guy has kid gloves permanenly attached.
TadRapidly 3 months ago
Germany is pushing hard for no money printing. France is on the fence and all else want printing and common EU bonds, which would be a disaster.
pismo10 3 months ago 2
Peter I love your channel and I am a strong advocate of Austrian economics. I am currently applying to grad school for economics and like to think I know a thing or two. Anyway my question is: Why cant an economy survive on mostly service sector jobs? If China was Texas and New York was America would we still need manufacturing jobs in New York? Or is it the trade deficit problem? I know the lack of manufacturing jobs is a hindrance but is that the only way to have a strong economy? Thank you.
jdundon97 3 months ago
@jdundon97 - The major problem is the paper currency, backed by nothing, which is being used as the medium of exchange. In my opinion, there's really not a problem with an economy based on service, for as long as it is providing a true service to its customers, which has value.
joechien0218 3 months ago
@joechien0218 I agree that fiat money is a very serious problem, however I don't see how having a gold backed currency would change the fact that we (America) do not produce anything. The only thing I can see dealing with fake money is the problem of debt financed consumption. We haven't had to build anything in this country because we just borrow (from China, Japan, Russia, etc.). We can consume the world's goods without paying them in anything other than IOUs.
jdundon97 3 months ago
@jdundon97 A commodity-based currency certainly doesn't guarantee that, immediately, more goods would be produced in America. But what it would do is level the playing field by negating the monetary inflation which has chased corporations overseas for cheap labor. If you think the credible picture of inflation is represented by the fraudulent PPI and CPI, you are mistaken.
mcourtmiller1 3 months ago
@joechien0218 But this still doesn't answer my main concern of "Why do we have to produce goods in America to expand the economy?" I may be over analyzing this but it seems like one of the basic concerns Shift is afraid of. It seems I may need to crack open my copy of Human Action to get to the root of this query.
jdundon97 3 months ago
@jdundon97 ""Why do we have to produce goods in America to expand the economy?"
It depends on what you meant by "goods". I design these integrated chips for a living. Much of the intellectual and innovations are still done in United States. But if you look at the places where these chips are actually fabricated, they are outside United States most of the time. This is what I was trying to say earlier, for as long as the "service" you are providing has value, I don't see any problem.
joechien0218 3 months ago
@jdundon97 "Why do we have to produce goods in America to expand the economy?"
Not everyone in United States does what I do for a living. And I'm sure there are many other types of jobs in America that deliver actual "service" to their customers. All these are OK.
The main problem in America in my opinion is, the low saving rate. Avg household consumes nearly everything it makes. It'd be nearly impossible to find a common man on the street (selected randomly) that has $50K in saving.
joechien0218 3 months ago
@jdundon97 I used to live in Asia. Saving rate is by far much higher than in United States. On the outside, Americans appear to be wealthy. Everyone has a new car, lives in a nice house, has an IPOD...etc. But behind closed doors, all there is, is debt. In Asia, when you actually see people have nice things, they really own them. 90% in Asia buy cars with full cash. How many Americans you know that buy car this way? As Peter constantly reminds us, LOW saving rate IS a problem.
joechien0218 3 months ago
00:20 I doo doo the peter schiff show!" jk great stuff Pete.
ByTheGram 3 months ago
Waiting for Peter Schiff to talk about the recent developments in SILVER with Eric Sprott. Check THE NEWS UNIT dot COM.
Peter: How low do you think silver will go before Sprott buys $1.5 BILLION?
newsunit 3 months ago
The fed can't feel inflation because they secretly print money.
ENDAMERICASOON 3 months ago
@ENDAMERICASOON they don't even try to keep it secret anymore
Go2thebeach69 3 months ago
Schiff, you inspired Wenzel to have his own editorial broadcast.
n66178 3 months ago
Why is it politicians in U.S. can't do the right thing and make the tough choices? Do they think being weak an incompetent is gonna get them re-elected?
Razorex23 3 months ago
@Razorex23
It's easier to sell comforting lies then it is to sell painful thruths.
ApocDevTeam 3 months ago
@Razorex23 Because they are career politicians. They want to keep telling people what they want to hear. Listen to these GOP debates. Invade that place, invade this. More $ into this and that.
And if you listen to the liberal side, all they talk about is "free education", "free health care", "tax the rich"...etc as if everything is truly "free".
Rest assured America will keep spending. If they can't even cut 1.2T in next decade, don't count on them accomplishing anything.
joechien0218 3 months ago
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joechien0218 3 months ago
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joechien0218 3 months ago
great video
a4finger 3 months ago
Not paying taxes is kind of irresponsible and a bit ignorant if you wish to keep your quality of life, taxes are used to pay salaries and infrastructure.
What should be done is to have a tabular table for income disregarding where the income comes from, as in Canada, the higher the income the higher the taxes, but also that grants you greater benefits, but do not fear, instruments like lower income protection and higher income caps must be implemented, but if your earn more you should pay more.
OSCARINACOSTA72 3 months ago
On the other hand, you need a government in order to have some kind of an order unless you like living in anarchy, ask those African countries immigrants what they were running from and what they love about developed countries. And in order to have a government you need to "give" A.K.A. "tax" in order to enjoy "services" such as potable water, energy, roads, bridges, sidewalks, police, fire departments, hospitals (socialised countries) et. alt. So on my point of view...
OSCARINACOSTA72 3 months ago
HEHEHE!!! Welcome to the high price of low price, toxic assets anyone? Better call it being on a financial death roll with the Chinese government! That is America, they exchange very low priced products for debt bonds, what happens? Manufacturing jobs were sent to Shenzhen, Nanjing, etc. and those same jobs were lost in Wisconsin, Detroit, New Jersey, etc. jobs become scarce and salaries very low, so where is the fallacy? How can you buy something, as cheap as it might be, without income?
OSCARINACOSTA72 3 months ago
If there will be demand destruction globally, then it will become impossible for US treasury to collect enough taxes to pay back the debt. The tax revenues will fall so dramatically, that US will have no choice but to print its way out. So while it may be able to export the inflation to other countries (because the debt is in USD), it will still cause inflation around the world. The USD is safe haven because it is supported by Chinese savings, not because it is reserve currency
madhusudanvr 3 months ago
The US is targeted for thanking. Mark my post. Good unlucky.
milduser1 3 months ago
Comment removed
joechien0218 3 months ago
I like Peter but his dollar predictions are getting really old. It's like the little boy who cried wolf. Peter has been calling for a dollar crash for 10 years now
rudemood2011 3 months ago
@rudemood2011 I am Glad you are coming over to the Dark side and finally figured out that He is Full of $hit! The US is the Greatest economy the World has ever seen! Our Dollars are Back by Intellectual capital, innovation, efficiency, and human labor. We have the strongest middle class in the world! No country with a population of 320 million or more can compare. The dollar will not be crashing in ours or our grandchildren s life time. Thats why the $ is the world rsrv currency
Minethis1 3 months ago
@Minethis1 Aren't you aware that Peter is going to block you for these hateful comments? I like Peter and think that he is right most of the time. Nobody is perfect. I would like to see you put up your track record against Peters. Until you do you have no right to bash on Peter
rudemood2011 3 months ago
@rudemood2011 The One thing I admire about Peter is that he hasn't Blocked me. I have been disproving him for 2 years now and he hasn't blocked me. If he does it's his choice.
As for My track record. Feel free to go back on all his Vlogs and read my posts. I said Austerity is not the answer for the EZ they need to print or it will lead to disaster. I also said No $ collapse, No Hyper inflation, rates will stay low, US will not decouple etc My track record is Excellent would you not say?
Minethis1 3 months ago
@Minethis1 Do you have nothing better to do with your time?
ralliart2000 3 months ago
@ralliart2000 No I am sick long term. Whats your excuse? How is my track record so far? Happy Thanksgiving!
We have a lot to be thankful for. Thank God for Ben Bernanke for being RIGHT, Printing and NOT turning us into a economic Waste land like Europe. Lowest Bond rates Ever, No Dollar Collapse, No hyper Inflation, and a Gov That has produced a Free-est Society With The Strongest middle class and the largest economy & military the World has ever seen! Enjoy this day.
Minethis1 3 months ago
@Minethis1 It's evidently a great day for trolling!
ralliart2000 3 months ago 7
@ralliart2000 Yes you are correct Truth telling is considered trolling in this channel.
Minethis1 3 months ago
That backdrop is so bad ass.......
rudemood2011 3 months ago
@rudemood2011 Glad to see you get excited with different bright colors! Typical Peter Schiff follower. 3rd Grade education, love crayons coloring books, finger painting and by the age of 7 say their first word "Mama"!
Minethis1 3 months ago
@Minethis1
Sure but the current policies are indicating that the future is not going to be good. On the contrary, it's going to be worse bacsue of inflation and depreciation of the currency. There is no way out using monetary manipulations. There has to be a profound competitiveness and growth based on that, not on quantitative easing. Again, this is how the US came into prominence. Now it's trying to ruin all that.
gangzw 3 months ago
@gangzw Okay Quantify "depreciation of the currency." What was the dollar index in 2007 before we printed and what is it today? after we printed?
Answer DX .80 in 2007 and DX .80 today. Again you can't quantify your argument. Babbling vague meaningless words again. Sigh
Minethis1 3 months ago
I believe central banks buying sovereign debt is wrong but i guess we reached a point where it is no choice anymore. When nobody buys bonds anymore everyone will default unless the central bank buys it. That time has come i am afraid. We really came to the end and at the lender of last resort. Spain has debt of "just" 65 percent of GDP but nobody wants to buy its bonds anymore.
lucius1976 3 months ago
@lucius1976 I am glad you said "Believe" because you certainly don't know! I will re post
"$35 Billion In 5 Year Bonds Price Below 1% For First Time Ever!! " Here is a little secrete That wasn't the US Gov buying those bonds. WOW Live and learn right? Now you know!
Minethis1 3 months ago
@Minethis1
Ahhm you assume i talk about the US? I am not. Yes the bonds for the US and Germany have reached an all time low. But other countries it is a quite different matter.
lucius1976 3 months ago
@lucius1976 Do you know why it's rising other countries? I will tell you so you know. Because what used to be an 800 Bil problem and the US told the EZ print to support your banks and countries. the EZ had the idiotic mind set like the PS and RP that a strong currency and austerity was the way to go! Were they right? No!!!!! FED was 100% right & ECB RP PS were 100% Wrong!! The 800 bil turned into 3 Trillion problem & growing, the markets spanked their ars! They wished they printed Now!
Minethis1 3 months ago
@Minethis1 For days, your friend cannot even tell me WHAT the appropriate tax rate I should be paying, if I were in the 1% income range. That's ALL I want to know.
Maybe you can take a shot at it.
joechien0218 3 months ago
@joechien0218 Glad to play what if game and answer that question even though it is pointless since it is subjective. The fact is they must pay more.
Deficit reduction target, additional income required from 1% which represents (50% of income in the US) over a specified time period. Adjusted for economic growth over time.
"MY Friend" did answer your question "100% of income for 3 years" I guess your selective libertarian reading was set to 100% and skipped his answer. Or you didn't like it.
Minethis1 3 months ago
@Minethis1 Don't give me that ambiguous answer. I just want a number.
My wife and I are already paying 1/3 of my income in tax. We work nearly 10 hours/day. I'm in the semiconductor chip design business. I often pull weekends & endless nights to get things done.
I'd just like to know HOW MUCH more do you want me to pay and a BRIEF description why you deserve more of the money I work so hard to earn.
SIMPLE and UN-OFFENSIVE question...that's all
Simple and un-offensive, GIVE me a number.
joechien0218 3 months ago
@joechien0218 You are for Obama We get it. You are middle class and want the rich to pay more. Okay what is your point?
Minethis1 3 months ago
@Minethis1
I do NOT want middle class to pay more.
I DO want everybody to keep the money they make, Rich and Poor.
I want gov to STOP making up rules, hence opening up room for lobbying.
I want YOU to keep 100% of money you make. I don't want a penny of it, just like I do NOT want a penny from anyone wealthier than me, Steve Jobs as example, or Warren Buffet.
joechien0218 3 months ago
@joechien0218 Thats great! Move to Africa where there is lawlessness and live with the Maomaos the way you want. No one is stopping you. The Macro economy does not care what you want neither do I for that matter because it makes no sense to anyone else but you.
Minethis1 3 months ago
@Minethis1 "Move to Africa" ??
Well since the jobs are leaving America due to high tax and regulations, I'm sure Africa would soon one day be one of the destinations.
joechien0218 3 months ago
If Obama wants Middle Class to pay more, then it is WRONG. But at the same time, I do NOT want Obama to have a say on how much the Wealthy should pay either.
I want EVERYONE who makes their money honestly to keep 100% of what they make, including YOU. I want to limit the power, scope of gov so that there's no room for lobbying.
joechien0218 3 months ago
@joechien0218
UNLIKE Xetis who repeated requested that I pay 100% of earning in tax, I'd like EVERYONE to pay NO TAX.
You liberals love to say "GE pays no tax and middle class does".
I say, "That's great, now HOW can we make sure that middle class also pays ZERO tax??"
joechien0218 3 months ago
Respond to this video... Because I'm NOT talking about the "bankers" on wallstreet that make BILLIONS just sitting there doing unproductive work and getting bailouts from gov.
I'm talking about most of the 1%-ners that really earn their money honestly and work hard in lives. Why do you feel it's justified for you to take more of what I make?
Since when did "just wanting to keep the money you make" be considered "Greedy" ??
joechien0218 3 months ago
$35 Billion In 5 Year Bonds Price Below 1% For First Time Ever!! How is that bond collapse trade coming along? BTW It was made -60% lower! ROFLMAO! Add that to the long list of bad, bad calls!
XESTISS 3 months ago
This has been flagged as spam show
Enemy of Greece, Ireland,Italy,Spain & USA - Jew
1.Goldman Sachs CEO, Lyold Blankfein - Jew
2.IMF Deputy CEO, John Lisky - Jew
3.Ex IMF CEO, Dominic Strauss - Jew
4.World Bank CEO, Robert Zoellick-Jew
5.Ex World Bank CEO, James Woolfesen-Jew
6.Fed Chairman, Ben Bernanke-Jew
7.Ex Fed Chairman, Alan Greenspan-Jew
8.Obama Treasury Secretary, Tim Geithner - Jew
9.George Bush Treasury Secretary, Hank Paulson- Jew
Stevie68000 3 months ago
Now that the super committee failed, the congress next move should be to try to create a Super Duper Committee and maybee that would work.
duncan7599 3 months ago 2
I can't listen to shows with commercials, if I'm not a premium member..
Peter claims it is possible
ronaldvanbell 3 months ago
LOL anyone believing or posting they are from the 1% are deluded and have no idea of what they are talking about! There are people that have a hefty amount of money saved, good for them, but the quantity required to enter the "despicable" and "petty" 1% CLUB is much and I mean MUCH larger than they realize, and in order to enter this CLUB first you need to lose principles and scruples. I have money but never as much as the 1% remora that have starved not just the US but the world.
OSCARINACOSTA72 3 months ago
@OSCARINACOSTA72 Those "remora" fund these repulsive gov programs that keep the phony progressives in power. The progressives have lost principals & scruples, if they ever had them. Damn them all.
doughtymqan 3 months ago
Peter Schiff rules!!!
joae1975 3 months ago
@joae1975 Yes he does the ignorant and the retards. Great post Glad you brought that up
Minethis1 3 months ago
The U S economy is phoney......lol sell gold and by king dollar or lose your ass.
IWashMyOwnBrain 3 months ago
What no music....lol
IWashMyOwnBrain 3 months ago
Thank you Peter for your great video!
mysupermaltese 3 months ago
Amen Peter, great to hear you again!
51czechmate 3 months ago
I wish peter had his own regular peter schiff report slot like max keiser has, as well as doing his radio show! Fantastic fellow!
leagueofcombat 3 months ago
lol @ XESTISS
oganarchist 3 months ago
@oganarchist I'm speculating he's still living with his Mom.
joechien0218 3 months ago
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joechien0218 3 months ago
As for your "net worth 55T" comment. I looked around, everyone is in debt. Avg American family has at least the mortgage debt, many have auto debt, credit card debt, student loan debt...etc. EVEN if you are right about the 55T net worth, our entitlement liability is estimated to at least that amount either. As for your "liquidity" argument, I really can't make you see through my eyes. But if you were my child, you won't be getting a credit card from me.
joechien0218 3 months ago
@joechien0218 Household net worth is actually more than 55 trillion. The reason everyone around you is in debt is because you live in the ghetto. Try moving and making some new friends. If we saw things through your eyes all we would see is darkness demons murderers zombies and lava!
Minethis1 3 months ago
Peter wheres the INTRO Music
tb46667 3 months ago
General Peron, the Argentinian president of the 1950's said "If you don't want an issue to be solved, just create a Congress Committee".
Was he right?
edcugata 3 months ago
@edcugata the sultan from the ottoman empire in the17th centuries said "your are tool"! He was definitely right.
Minethis1 3 months ago
The news is: (1) Market is wrong, it is not fully ready for GOLD/SILVER yet and it's been wrong many times in the past (2) Wise Money is probably taking advantage of this "gold price downturn" to pile up more ounces at these bargained lower prices.
joechien0218 3 months ago
As of 11/21/2011, Down was already down by 300 pts, Gold has been trading like stocks recently. Market's confused AGAIN what GOLD really is. But it's no surprise, this is just like what happened in 2008 when Dollar index temporarily spiked, and what happened earlier this year when 10-year treasury went down to as low 1.7%.
joechien0218 3 months ago
It looks like super committee will FAIL to find places to cut 1.2T over next 10 years. That's on avg 120B/year. We over spent by 1500B this year alone. Does anyone actually think GOLD will ever go back down to $900/ounce?
joechien0218 3 months ago
@joechien0218 I believe that Gold will go below $900. The world is in Deflationary environment the Dollar is King US Bonds are breaking highs and sustaining everyday which is not good for Gold and Silver. Historically when Gold sells off it will be fast and furious. IE Silver went from 50 to 25 in a two week moves. thats 50% draw down that gave investors little to no time to react. We can easily see Gold at 1300 in weeks ahead for the first move down. Follow me on twitter
WeeklyCharts 3 months ago
@WeeklyCharts
Is it possible you are correct about Gold? Yes, of course. Nobody is certain what the future is.
As you have said, the correction in Silver price causes more fear to be built up in the precious metal market. Fear dominates.
I actually think this is very healthy because it keeps speculators/gamblers out.
Just remember the old and wise saying, "Never Do what the rest of the crowds are doing.", and the crowds are buying treasuries and going into Dollars.
joechien0218 3 months ago
I totally agree the bailout was just pushing the problems down the road.
quizerry 3 months ago
Super Committee = Dow Down 220 points
StockMarketFunding 3 months ago
@prx27 What you just said means absolutely NOTHING! China has Saves and their result is what? What have their savings produced? Better cars? Iphone? Homes? By your own words you said
"China doesn't have Domestic consumption which perhaps will cater for better standards of living."
That means They have to SPEND to improve their economy! NOT SAVE! Thank you for proving my point!
You said "American Inflation" What Inflation Quantify that for me with Facts & Figures! Not well I was told its high
XESTISS 3 months ago
@XESTISS their savings have allowed the American consumers to over-consume, to finance these ridiculous wars and to buy houses/cars ...etc. When they (Chinese people) pull out from this nonsense, you Americans will suffer. There'll be empty shelves in Walmart.
joechien0218 3 months ago
@joechien0218 1. Do you even know how much US debt China owns? A lot is not the answer I am looking for! LOL! 2. They will pull that money out and do what with it exactly? double LOL! Empty shelves in Wal Mart is not possible there are countries in line to be our biaatches!
I ask Again What has their saving done for the Chinese? let me save you a Post NOTHING! No sver has ever produced anything! ZERO! FACT! You live in Lalala Land!
XESTISS 3 months ago
This has been flagged as spam show
@XESTISS "I ask Again What has their saving done for the Chinese?" Their savings have not benefited the Chinese. Their savings are all coming to United States where American people SPEND for them. For as long as the Chinese won't wake up, it is Americans who benefit from this. But a fool won't stay a fool indefinitely. When they wake up to this nonsense, *that* is when the dollar collapses. It won't be long.
joechien0218 3 months ago
@XESTISS To answer your question, (1) Yes China owns trillions of US debt, so what? (2) What will they do when they pull out? What will you do if empty out your saving account now? You can save elsewhere/spend/consume/invest. If you don't know the answer to your 2nd question, wire all your money to me, I'll take over from that point on.
joechien0218 3 months ago
@joechien0218 LOL Trillion"S" WRONG!!! Dumb ass! Try Again! I told you don't give me "A LOT" I want an exact number! So you can see how stupid and ignorant you really are!
XESTISS 3 months ago
@XESTISS 1.5Trillion(s). Who am I even talking to? A child over there? If so, I'm wasting time. If you are going to attack me, you will respond to my posts with intelligent and constructive criticisms. If you are going to resort to calling names, then I'm not interested.
joechien0218 3 months ago
@joechien0218 Yes I am a child! 1154.4 Trillion! There is no TRILLION "SSSSS" What percentage of our total debt is that Eisenstein?
2. How many economy in this world have a GDP great than say um.... 10 Trillion?
XESTISS 3 months ago
@XESTISS I'll answer your questions when you have responded to mine:
(1) US debt just crossed15T. Our politicians won't do anything about it. What would you do if you could tyrannically dictate everything? You could say "tax the rich 100%" if you wish.
(2) 10-year treasury yield is ~ 2% today. Do you believe rate will continue to stay that low indefinitely? If it rises to 5 ~ 10% when our debt hits 20T a few years from now, then what?
(3) What should Bernanke do TODAY and why?
joechien0218 3 months ago
@joechien0218 1. Tax the rich when you need water you to to the river not the desert!
2. Yes i do believe interest rates will continue to remain low until we recover. When we do recover inflation naturally will become an issue and we will have plenty of room to raise rates to contain inflation!
3. Exactly what he as been doing. Debt doesn't matter offsetting credit contraction and providing liquidity to the market is the most important thing to getting people back to work & growing GDP
XESTISS 3 months ago
@XESTISS (1) How rich do you consider "Rich"? By gov's "standard", I'm the 1% too and already pay 1/3 of income in tax, I made my $ honestly all my life. What % do you think I should pay in tax to be "fair"?
(2) So since we are watching all this misfortunes being played out in Europe, what's so different about United States that will guarantee we won't be "another Greece"? You could say "we could print $"
(3) Debt does not matter? Really? Just keep "liquidiify"?
joechien0218 3 months ago
@joechien0218 Still waiting for you to tell me what % China owns and how many countries have a GDP Greater than 10 T.
I am 1% as well and I will tell you this If we collapse under deflation it doesn't matter how much we have in the bank or how little taxes we pay than! If our Customers don't have cash to spend how can we make more money?
2 and 3. US Household NET Worth is 55 TRILLION! We are Nothing like Greece. Yes "Just Keep liquidity" Thats why our Bonds are so low!
XESTISS 3 months ago
@XESTISS (1) Well then, what's preventing you from writing Uncle Sam a check right now as we speak? Just keep what you need to survive, when I was in grad school, I survived on $1500/month. You can do it too. Once AGAIN, just TELL ME what % in tax I should pay for you to consider fair. Give me a figure. As for (3), bond yields are only low today because the full faith in Dollar is still there, after all, the world's addicted to Dollars for decades, it ain't gonna change overnight.
joechien0218 3 months ago
@joechien0218 What a Gay statement "why don't you write a check!" If you were a 1% you would know WTF I a talking about! Maybe you mean bottom 1% is what you really meant!
Pay 100% of Income for 3 years is a good start and we will move into stock options, dividends, interest earned, savings and assets if that's not enough.
Bonds are low because the market says so! Why doesn't the ECB manipulate their bonds lower? Because the Market says so! Answer my Previous questions and stop dodging!
XESTISS 3 months ago
@XESTISS (1) When you file your 1040, at the bottom of it, it asks you if you wish to contribute more to help fight tax revenue problem. I take it you have NOT been doing that? WHY? (2) Ok, so you want 100% of my income for 3 years straight, at least. What makes you think I'll work for the next 3 years? (3) Bonds are low because of Fed's manipulation. Think Bernanke's latest Operation Twist. This is NOT 100% due to the Market.
joechien0218 3 months ago
@joechien0218 Honestly I don't even know what the 1040 says. i have a team that takes care of it for me Mr. 1% ROFLMAO! Because I am Rich and I know how to do basic math! That's how I know it will work! Bonds are low Because The Market says they are LOW! If we didn't print the Market would say High!
Now Tell me MR. 1% lol what percentage of our GDP does China own? How Many economies in this world have a GDP of 10 Trillion or greater? This I love to hear!
XESTISS 3 months ago
@XESTISS - Why do you have a team to do your tax for you if you, having already admitted, would like to at least contribute 100% of your income to the IRS for at least the next 3 years? Prove to me you are doing what you are advocating, THEN you will get your answers from me.
joechien0218 3 months ago
@joechien0218 We either all do it or none! If you can't figure that out i don't know what to tell you!
XESTISS 3 months ago
@XESTISS Do what? All I'm asking YOU is, WHY do you even need a TEAM do your tax for you? The only reason to hire a TAX team is to find deductibles you can claim so that you have a small tax liability. Since you are the 1% and 've been claiming all this time you enjoy paying 100% of your income in tax, WHY THEN did you hire a tax team? Or are you simply lying about who you are? Gosh I feel I'm wasting time with you.
joechien0218 3 months ago
@XESTISS Why do you EVEN NEED a "team" to do your tax to begin with? Reveal yourself, who am I even talking to? How old are you anyway? Did you even finish high school? If you are not the 1%, then I'm wasting my time.
joechien0218 3 months ago
@joechien0218 Actually no I did not finish high school. What does that mean? That I am not 1%?
Now Tell me MR. 1% lol what percentage of our GDP does China own? How Many economies in this world have a GDP of 10 Trillion or greater? This I love to hear! Still waiting for you to eat $hit!
XESTISS 3 months ago
@XESTISS Ok now I understand you did not finish high school and are probably a genius because you are the 1%. I'm still waiting for you to educate me WHY you need a tax team to do your tax for you. I thought you enjoy paying 100% of your tax to the gov for at least the next 3 years. Remember the rule? You answer my question first, before you get mine, since you were the one that started talking to me first.
joechien0218 3 months ago
@joechien0218 I told you already I did not finish high school! What is you point? You trying to figure who I am in Fortune Magazine?
Listen here my little piker bearshitter! you have clearly displayed that you dig holes for a living. I also gathered you can't figure out how to do % thus you can't answer my questions. You have embarrassed your self with "China sells UST we will collapse"! & "debt matters" but our bonds are at 1.9% LOL you are broke, clueless & a follower! Go do your taxes now!
XESTISS 3 months ago
@XESTISS You still have not answered my question WHY you need a tax team to do your tax for you? I just want to make sure you are practicing what you are advocating for, before you ask others (like me) to join you. Otherwise, why should anything you've said deserve any credibility?
So far all you have done is call me names while I have been respectful to you all along.
Who's the "idiot" then? I don't know, maybe it's you?
joechien0218 3 months ago
By the way, even if I do "dig holes" for a living, I'd be proudly admitting that. At least I'm not sitting at home collecting unemployment checks, watching TV all day long and whine about gov not do a damn thing to help me.
What's with the insult on people that "dig holes" for a living?
It appears this is all you do, calling names, random throwing insults.
Am I even talking to an adult here?
joechien0218 3 months ago
@joechien0218 no 1st took all your BS theories apart with facts that you verified yourself first and than I trashed you for being ignorant and talking smack when you are completely clueless. So the real troll here is you! I on the other hand know exactly what I am talking about and thats why you got bitched slapped!
You question Gov, Fed when you can't even figure out percentages. I leave you with this "Better to remain silent and be thought a fool than to speak out and remove all doubt!"
XESTISS 3 months ago
@XESTISS - I'm still waiting for your response, why did you hire a tax team to do your tax if you just want to pay 100% of your income in tax and want others like me to join you?
Or are you just a hyporite like Michael Moore?
Or simply a liar, and that you are not in the 1%, but hate us so bad, you just want to take everything I have despite the fact that you cannot come up with a single reason how I have made my money dis-honestly.
So, enlighten me now.
joechien0218 3 months ago
@joechien0218 LOL You still foaming at the mouth? ROFLMAO! Yes! I am Micheal Moore you got me man and I am a Dis-honest Liar BUT A RICH Liar!
BTW I hear they have developed some good new therapies for your bipolar disorder! I banging this chick who was on was part of the team of researchers who developed it. If you want I'll ask her for the clinic Tel for ya? I'll tell her you live in a compound in Waco, Taxes to see if there is a clinic near you. you can thank me later.
XESTISS 3 months ago
@XESTISS
Michael Moore did finish high school, unlike you. He's Rich but a hypocrite unfortunately.
But you my friend, are worse. You are both Poor and Unintelligent, pretty much the worst combination.
When you have the answer for me regarding your reason to hire a tax team to do your tax, you let me know.
Until I receive a satisfactory response from you, young man, you have little to no credibility.
joechien0218 3 months ago
@XESTISS
You are upset because "the Rich got bailed out".
Instead of directing your anger towards the Rich, why don't you blame the gov for handing out the bailouts?
Gov dictates who the winners should be (the Elites) and who the losers should be (You), the question is, HOW did it get so powerful to begin with?
When you ask the gov to take more from the Rich and give to you, you are directly contributing to growing its power, and THAT'S how we got to where we are today.
joechien0218 3 months ago
@joechien0218 We got bailed out? No the World got bailed out! All of the 7 billion people on this planet. Thats what the Gov chose.
O Wait Now I get your logic. The 7 Billion should have starved in the street so I don't have customers to continue being rich! Now I get how your Pea brain works! You Hate Gov, Wall Street, Rich, Middle class, Poor, Everyone. BTW I spoke to the Dr I banging about your case wants to know how often do you beat your wife and kids?
XESTISS 3 months ago
@XESTISS - Why do you hate Peter so much anyway? Did he lose all your money?
I guess, you dislike Ron Paul too? What's with all these hatreds directed towards anyone wealthier, smarter, more successful than you?
joechien0218 3 months ago
@joechien0218 Hate is a strong word. I have never hated anyone! Dislike? Yes. I dislike liars for personnel gain. That I have a real problem with! it is my pet peeve!
Me invest with Schiff? LOL Are you crazy? Do I sound like a guy that would allow anyone else to invest my money? Let alone a bearshitter fortune teller? My businesses have boomed these last ten years while he has been preaching a $ collapse! Thats completely opposed views. Reality vs Fiction! His a clown man you just can't see it
XESTISS 3 months ago
@XESTISS - So let me guess, Ron Paul is a joke to you too right? The things Peter Schiff has been saying for the past 5 years, Ron Paul has been saying for decades. Schiff merely runs a brokerage firm and advertises his belief is his job. Now I believe he believes in what he says. He's not pointing a gun forcing anyone to invest with him. What's wrong with what he's doing?
I've met with his brokers before, I never felt pressured into investing with them.
joechien0218 3 months ago
@joechien0218 Ron Paul is an embarrassment! Lets send Iran flowers and friendship cards! Lets allow 30 year old to die because he has no insurance. Lets allow areas of devastation figure it out for them selves while we all sit back and relax and say "Dam shame"! Lets remove 1 trilly out of the economy and make the crisis worse! While we are at it F$ck the poor & the sick too! Who needs them? Education? Not needed? We can all dig holes (like you) for a living. We can turn the US into India! IDIOT
XESTISS 3 months ago
@joechien0218 I would love to see RP win! The day after As a result, your local grocery stores and shopping mall will be wiped clean. You will have to resort to the ancient practice of cannibalism, in order to survive the barren winter months. Just watching you Tea baggers starve in the street like dogs is almost worth it to me. You will be running around in the streets like a Libyan or Egyptian freedom fighter! You Especially, will be sucking D$cks on the corner for a fresh pair of dry socks!
XESTISS 3 months ago
@XESTISS
So with all these hatred (or dislike) towards Ron Paul and his messages, you also believe American Constitutions are pretty much junks anyway right?
All Ron Paul's been saying/doing (or NOT doing) is based on Constitutions. Those that hold public offices have all sworn oath to protect the Constitutions. Their only duty is to enforce it. Period.
I'm Asian American, I was not born here, but I understand what it is to be an American more than most out there.
joechien0218 3 months ago
@joechien0218 "Messages"? You mean fairy tales! we'll send a post card of friendship to the Iranians and they won't build a nuclear bomb! RIGHT! Everything RP says about the constitution is full of sh$t! Thats why he is laughed at like a clown! He has Zero credibility on the subject! The Last thing you understand is how to be American. You support the Nazi anti American mentality!What are RP polling numbers? 8%? In any crowed without fail there is always 8 to 10% of IDIOTS!
XESTISS 3 months ago
@XESTISS , so according to you, American Constitutions = Fairy Tales
Stop insulting America and the principles that made this nation great.
joechien0218 3 months ago
@joechien0218 Constitutions = Fairy Tales No open your eyes a bit and read what I wrote. What RP says is fairy tales. Let me repeat because your slow What RP says is fairy tales! Got it fruity?
XESTISS 3 months ago
And sure the above-mentioned Armageddon scenario was what happened to America prior to income tax and Fed huh? Oh wait, it's the opposite that actually happened.
And please don't tell me, Capitalism caused the crisis in 2008, because if it wasn't for the Fed (Greenspan)'s cheap rate monopoly and Fannie/Freddie there to guarantee loans, none of it would have happened, wall-street could not possibly have gotten greedy, fear would have kept it in check and you would still have a job today.
joechien0218 3 months ago
@joechien0218 This is not up for debate! 2008 was caused by a lock up of the Financial system within the "UNREGULATED BY THE GOV" Derivatives Market! The Symptom was citizens GREED that They would buy a home they could not afford and the price would double in a year for 100% GAIN! THE GOV had ZERO to do with it! I Repeat because your slow GOV had ZERO to Do with it! They did not put a gun to people head and say borrow! Nor did they Screw the Derivatives Market! You got that Fruit loops? ZERO!
XESTISS 3 months ago
@XESTISS How did we get so greedy? Because the fear was removed.
After all banks will just lend, Fannie/Freddie got their backs right?
A school teacher making 40K/year now could now purchase a home she was unable to afford. How was that possible? The Fed had rate at 1%. She could now "pay for that house" cuz mortgage rate was that low.
Don't you see that this is the failure of government policies?
Fear is what keeps Greed in check. But we didn't have a true capitalist system.
joechien0218 3 months ago
@joechien0218 "fear was removed." WTF are you talking about? On the one hand when Gov intervenes Gov sucks When the Gov doesn't intervene Gov sucks again hahahahahahaaah! I told you you're a Nazi anti American! Listen I'm getting on my jet shortly To fly to the east cost for a late Diner. You keep listening to Petey and keep waiting for the $ to collapse while you improve your bunker. Don't forget to buy some Bit coins & gold from your boy b/c he hates $ Fiat!. Keep rooting for your own demise!
XESTISS 3 months ago
@XESTISS Yeah, you got it right Gov sucks!
orionstarman 3 months ago
@orionstarman Thanks for proving my point you are anti american and a Nazi like the other bozo!
Now the both of you go back to digging holes and leave the intellectual talk to fine educated capable gentleman such as myself to sort this mess out for you. Keep complaining, whining, bitching moaning and keep listening to kooks like PS and RP. Rest assure we will take care of you because I want you to keep buying my products and services. You are worth more to me than you are to your selves.TTFN!
XESTISS 3 months ago
@XESTISS Hahahahahaa! You don't have a clue. You don' have a fucking clue!
orionstarman 3 months ago
@XESTISS
All you do is throwing insults and trash talks about others that disagree with you. I'm sure that's very "gentleman"-like?
You said your business is prospering, BUT how could that be because you proudly claimed to be paying 100% of earned income in tax.
You said you have a team to do your tax for you, but WHY hired a team in the first place?
You keep contradicting yourself and then start throwing insults at others for no reason.
joechien0218 3 months ago
@joechien0218 @orionstarman I throw insults to two idiots like you two Bozos that act like you know! When proved wrong you don't admit it like gentleman and say Wow! Xestiss you are right I never thought of it like that! Great point! ROFLMAO! Instead you worry about my taxes and telling me it's Gov fault! lol! Nice! Your Life sucks because you are both small minded! thats the Gov fault too. Right!?!? Anyway time for me to freshen up to meet the lady and enjoy a 1978 Montrachet! TTFN Bozos!
XESTISS 3 months ago
Respond to this video... What's with the repeated insults to people that dig holes for a living? If it was really my job, I'd be proud to admit that.
Are you now attacking the immigrants? As far as I see, they are hardworking people for the majority part and that many Americans would rather sit at home and whine about gov and life, while collecting unemployment, acting as they are too good for those jobs, makes me sick.
joechien0218 3 months ago
@joechien0218 @orionstarman surprise, surprise, surprise! just got off my PVT Jet in the limo & I open my Ipad up and you libertarian B$tches are still foaming at the mouth. Hahahha! Excellent! Let's see here.... One guy is sick. Another guy says I am clueless oops sorry F$cken clueless. Ok O wait I am paying 100% of my money in taxes.. I am not never said that. He is insulted that I trash talk.. Mommy never spoke like that to him ok.. I have a team to do my taxes true... ok
XESTISS 3 months ago
@joechien0218 @orionstarman I never insulted hole diggers I insulted you! Hole diggers don't know sh$t about economics and finance just like I don't know Sh$t about digging holes! Nice try to twist my words didn't work.
My Tax team is not an issue here. My assets and income from various avenues are complex. The issue is you said you were a 1% and yet you were describing a tax form where this box is and where that box is on the form! LOL! a clear give away you are a Liar! ZERO Credibility!
XESTISS 3 months ago
@XESTISS You insulted me by calling me a "hole digger". Since you do not think hole digger is inferior, but admitted you are insulting me by again call me a "hole digger"..... What are you trying to accomplish here? Explain that.
joechien0218 3 months ago
@joechien0218 Thats because you are a hole digger and proud of it you said that yourself. All the sudden it's not cool to be a hole digger? Typical libertarian hypocrite!
I think he is trying to accomplish the impossible to make you understand your a tool! Here is a little fact no two libertarians can agree on what libertarianism mean. You know why? Because they are all zombies that make shit up as they go of what they really mean. Depending on the conversation and their surroundings.
Minethis1 3 months ago
@Minethis1 Secondly, libertarian's, like any broad group (see democrats and republicans), will have differences of opinion on a variety of topics. However as a group we have much more in common, and agree over a wider variety of issues than either of the two other major political groups. Libertarian thoughts focus around the preservation of individual rights, liberty, and by extension generally advocate for a minimal federal government with localities holding most of the power.
entelin 3 months ago
@entelin hate to break this to you but Libertarians would dis agree with you. You know why it's an ideology that is full of shit! Syrians are Libertarian because they oppressed. and have us as an example Americans have who to point to? Our poorest in this country are in the top 1% when compared to the rest of the world. Which county has a stronger middle class with a population of 300 plus million? Libertarian is code word for " I am greedy and selfish I want more for me Gov't"
Minethis1 3 months ago
@joechien0218 I thought you said you would be proud to admit you were a Hole digger? ROFLMAO! Flip Flopping again? Why are you putting down Hole Diggers? Explain THAT!! You f$cken Clown! This is why you are a nobody! You are Small minded and easily manipulated!
XESTISS 3 months ago
@XESTISS Out of all the questions I asked, you responded to this one?
I just want to know how much tax in terms of %, you wish to take from me. No, I cannot accept your prior response "100% for next 3 years" as an answer.
joechien0218 3 months ago
@joechien0218 First off Happy Thanksgiving! I am taking the day off from belittling you due to your pea brain ignorance an d short man complex.
Here is my answer
For you (low economic class) you pay the same taxes. For me the 1% I pay 100% of my income for 3 years. Income from my investments are taxed at current rates. It is far more cheaper for me to pay 100% of my income and have you spend your money in the economy buying my products than it is for me to pay less taxes. I still get $ back
XESTISS 3 months ago
@XESTISS
You just don't get it huh? I'm wealthy because of you, happily giving me the money you work hard for. Because you keep coming back to buy these electronics which use our chips. If you just want to tax me 100%, you can do so by not using this laptop computer you have now, and return the IPAD that you have. I'll be out of job tomorrow.
joechien0218 3 months ago
@XESTISS - It'll be "Black Friday" tomorrow. I hope you won't be shopping for electronics. If so, you are directly enriching me.
For you to be claiming All 1% should be 100% of their earnings in tax and yet you keep wanting more of the products we make without having to pay anything is just hypocritical.
Are you even listening to yourself?
joechien0218 3 months ago
@joechien0218 you should read what I write once in a while. It will help you from asking te same questions all the time, It is thx giving & you are making it difficult for me not to go off on you.
Chip maker? lol it's like telling me you sell Casio digital watches or selling bananas. You are not 1% if you were tell me what the operating cost is of a G V.
If you were a 1% you would not be short sighted & foaming at the mouth for tax dollars. You would understand that Debt doesn't matter!
XESTISS 3 months ago
@XESTISS
You are just hopeless.
I design these low NF, high IIP3, high dynamic range BiCMOS transmit and receive chips for multi-band GSM applications. Do you even know what these things are?
No you don't.
So just stay silent.
joechien0218 3 months ago
@joechien0218 HAHAHAHAH!! What happen to Gold and Silver? The Dollar is SOARING! Remember I told you 3 weeks ago I am SHORT GOLD! ROFLMAO! I told you I would pick Pocket your account! Please keep buying on the way down! I WANT MORE!
XESTISS 2 months ago
Comment removed
joechien0218 3 months ago
@joechien0218 You see even if you paid zero taxes and forfeit all the benefits the Gov provides for you even though you may not use them on day to day basis. All I would do is raise prices on you since you have more to spend. The Net effect is you end up back to where you started minus a police, Military, Education, FDA, dept of energy lol Fima etc. You have More supply of $ You will demand more I will charge you more! When the lower class is starving and robbing you weekly you will want Gov.
XESTISS 3 months ago
@XESTISS oh ok, so you do NOT pay 100% of your income in tax, but you had asked me to, for at least 3 consecutive years? WHY? What's so special about you that should be excluded from the rest of the 1%? Explain that.
joechien0218 3 months ago
@XESTISS Private Jet from Mr. "What's a prospectus?" Ask your doctor is Ambien is right for you.
UponInfinity 3 months ago
Comment removed
CitizenNumber 3 months ago
@UponInfinity AAAA my Little pouswaaa! How is My Gold Short working? Well it is actually Going very well thank you for asking. May I ask how your "prospectus" is going for you in your paper account? ROFLMAO! I didn't become Rich listening to Clowns like PS on You Tube! Tell me How is the Dollar Collapse coming along? How about The Bond Crash hahahaha! How are Emerging markets doing these days hahahahah! You are only a Piker with a keyboard. My Little pousowaa! Keep reading your prospectus!
XESTISS 3 months ago
@XESTISS Oh, yeah, you made money on that little pullback? Naturally, you have the screenshot too, to boast, no doubt? Or just more shrieking like a lunatic? I swear, I could sodomize you for weeks on this page...you just make it so easy, it's starting not to be fun anymore.
UponInfinity 3 months ago
@UponInfinity Do You even understand what a $100 move means when you are leveraged 100:1. LOL what do you think I am buy 100 shared of GLD? You are so ignorant! Screenshot? Sure What Number you want it to read? Typical stupid posts with no substance! I told you 4 days ago Gold was going DOWN! Was I right? Yes I was Piker! I gave you my call in Real time! Not a screen shot! after the fact! Watch me now as I take my first of many Victory laps with a Nice bottle of 1990 "Methuselah”! Y
XESTISS 3 months ago