Peter Schiff 1-7-09 Part 1 of 6
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true, 2001-2002 we were heading for a recession but by lowering the interest rates got the masses buying homes and stuff that just posponed the reccission, its the government and banks fault who work together
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Uhhh u r being very broad ... wrong about hyperinflation? is nt that still possible? wrong about the dollar? what about the dollar was he wrong about? is nt it likely the dollar is going to collapsse?
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lol the social security trust fund. A pile of IOUs from the government. Ever see "Dumb and Dumber"? The social security is just like their briefcase full of IOUs scribbled on scraps of paper.
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The money will come from social security fund.Blame the baby boomers for not paying enough into the fund the past 40 years of their working lives. Even though S.S. raised it's rates under Regan and Clinton blaming one group always works politically. You will have your scape goat, CNN will play the corporate government song and the American people will know those dam baby boomers are expecting SS because they paid into it for 50 years of their lives. Political scape goating has never failed.
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I was screaming about this stuff two years ago, I'm glad a professional feels the same way even though I am a blue collar joe
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Yes Mr. Schiff, making rads and bridges by an bankrupt nation to repay its debts to the world is indeed a nonsense, but I believe that those who are proposing this are just buying time. They know that you are right Mr. Schiff, and they are NOT stupid. They just have some other PLANS Mr. Schiff. They plan to start WW3. That's the only way for USA to escape the debt. A nuclear holocaust is ahead of all us if we do not change something... quickly...
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GOOGLE:
Ron Paul Library
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Getlostincompost.. what! cant you take the truth. You bloody moron
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That earthquake analogy was a good one.
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nice ....hows it possible to solve the problem of huge deficit with more deficit???
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Thanks for uploading!!
dumbworld 3 years ago 6
this guys knows his stuff, but the men behind the curtain don't want to here it.
bowlersp 3 years ago 6