Peter Schiff predictions

Watch my video. It will blow your mind away!

This should be called "Peter Schiff was wrong" because his predictions didn't come true (especially price controls and inflation).

@kenryder For instance he said the problem is not consumption, but we need to boost production (it's a dogmatic belief that ONLY producing goods).
He blames the recession on only the government ignoring derivatives, pervert incentives to get people in bad loans, etc. There is more dogma if you listen to him and check his facts against history

Fact: America became the great economic/fianacial power after what event in history? WW2, when Europe and Asia were decimated, and the U.S. unscathed thanks to two big oceans. We were free to ramp up the PRODUCTION to build the military/industrial complex without fear of it being bombed. Thus, after the war, WE rebuilt Europe and Japan with OUR production and finances, in exchange for the dollar becoming the new World Reserve Currency. From that, and unionization, our Blue Collar middle class

pulled the nation ahead. The wealth earned from producing all of our own things got us here to begin with. Made In The U.S.A. meant something. We invented much of the modern things we use today...and built them here. But, the oligarchs (Wealthy Big Business and Financial interests who hide behind our govt.) knew wealth was the key to power in this nation. (Ever wonder why it was the "elite" of our colonial days who started the push for Revolution when 80% of the common people were Tories?

So they knew all that industrial production was going to be a ticket for regular Americans catching up as a group. The Middle Class. So, they began to "globalize" to start the process of purging the unintended conseqences of WW2. Offshoring jobs, and making money off of financing world trade to cover their tracks. (Having the dollar as the world reserve currency would boost demand for the dollar, offsetting the effects of offshoring jobs.) This resulted in recessions through the next 50 years

that both parties covered up by pumping more money into the system, rather than helping regain lost production back. Trade deal after trade deal robbed entire industries from the U.S. Unions helped dig their own graves thinking more about their bottom line in pushing for unrealistic wages, giving the corporations the advantage. Ross Perot was the last warning sign in the road in 1992 and 96, when daytrading and tech specualtion hid yet more outsourcing to China. Paper chasing paper, nothing

being produced. Or too little being produced. Speculation bubbles creating wealth without work, or accompanying wage increases to support the prices. Ending with the real estate bubble that capped it all off. Since Americans didn't earn and save anywhere near enough to live like we were baited into living, the money had to come from others who did the work for us. Trade Deficits. Lending our money back to us. Only part Peter missed it is the other nations are not going to pull out of this either

Why? Because in order for the nations who've invested billions and trillions into our ponzi economy to keep their financial sectors from imploding due to our losses, they're now forced to do what we're doing. Print currency...mass devaluation..to fill in the holes we've left in their investments. We know this is keeping the world from bailing out of the dollar, because if they did, it would cllapse the world system. All our dollar denominated debt/investments would be worthless. There's only one

way out of this. A world wide collapse, crushing everybody, followed by a world govt with a single currency to fix this. The books are too screwed up by now to ever recover under this system. The scary thing is, our banking cartel and industrial barons KNOW this. As does our govt. I think they want this to happen..so they can leverage the planet under this new "currency". (But they don't know what the bible has to say about it, nor do they care.) We'll see...