Peter Schiff Vlog 3/16/2010

Peter Schiff Vlog 3/16/2010

Original video from youtube.com/user/SchiffReport

For more info go to SchiffForSenate.com

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[garytcw]

China "give" money to US to buy their own stuff because China doesn't know how to produce ANYTHING back in the days.

Without QC, people who follow the order, without the know how, you place an order to random China factory, you may get some total piece of crap 1 year later. Now it is different, China can manage their own production, QC their own product.

There is no need to "give" moeny to US anymore. The only weakness of China is they still value no copyrights...

[Anett7373]

Peter needs dough to get in to office. Wherever you live, if you are a patriot in the USA who understands sound money and the situation we are in- pls support if you can Peter Schiff for Senate 2010

[wendy2212]

US dollar go down means US stocks go up.

THE BULL MARKET RESUMES ON APRIL FIRST. IT IS NO JOKE!!!!

[jahan07]

@rkhoja,

It does not matter where the profits come from. In a free market economy, u can name your price. If China wants to keep Yuan devalued they can. It is their product, their currency. The point is that Chinese manufacturers are willing to live with lower profits. If Yuan is undervalued and a producer does not feel comfortable with the value in terms of Yuan, he can increase the price, otherwise he will not be able to make a profit. Similarly if Yuan is appreciated, he can lower the price

[rkhoja]

the question is does the profits from the Chinese company come from the international community or do they come from the internal chinese market. if most of the profit comes from the international community then it would suggest that there is undervalueing going on. Either way i think the chinese are very smart when it comes to ecconomic stability. I dont see why they dont just float their currency. it would be better then the rest of the world placing embargo;s & tarifs on them.

[jakovcu]

@SpikeSmudik

Spike,

I would not be so hard on Peter.

I agree with you 100% on CCP comment.

Regards, Jakov

[SpikeSmudik]

@jakovcu

Schiff's comments are also very bombastic, meretricious, poorly reasoned comments. The artificially undervalued RMB/yuan is subsidizing exports about 25%. And who is paying for that subsidy? The Chinese workers who manufacture those goods. I would call that economic slavery. I would say that the CCP is more interested in control than in being fair to the Chinese workers.

[jakovcu]

Millan, you are 100% right.

I assume that you live in democratic society, so the government improve standard of living but in China that is not the case.

[joechien0218]

This man NEEDS to be in the senate. Period.

[dbmcmillan]

Not an advantage to the Chinese consumer at all. The Chinese economic policy increases the amount of Chinese exports, but decreases the standard of living of the Chinese population. If you think about it, when the chinese peg their currency low, it destroys the value and purchasing power of Chinese wages and ensures that chinese goods will be exported to the rest of the world before they are bought by chinese consumers. Bad economics, imo.