Peter Schiff Dec 8 CNN International

Peter points out that many that are still employed are actually under employed referring to commission staff and service industry jobs. While further numbers of unemployed are not even counted in the numbers released by the Government.

"The Government doesn't have a pot of money!"
Peter Schiff

http://sharewave.org

Category:

News & Politics

Tags:

• Peter
• Schiff
• Dec
• december
• 2008
• 2009
• CNN
• International
• breaking
• News
• Market
• Crash
• Meltdown
• Depression
• Recession

[jamoes95ta]

Peter is trying to teach this dumb broad who admits she doesn't understand, but she keeps jumping in and interrupting him!!!! therefore she'll never understand!!!

[Forsure3333]

I'm glad that Schiff just knocked down one of the crappiest statement I hear many times a day on the media. The interviewer said, "That bailout idea looks like a great idea. Just look at the Dow Jones!". Schiff replied, "Just because the market goes up today... It does not mean anything!".

[johnidavey]

this gal is obviously steeped in Kenseyan ideas, but i appreciate that she's asking direct questions.

she needs to go read Economics in One Lesson.

[13stevejohnson]

both these idiots have no clue!

[mangajo]

hey could anyone help explain why before the crisis he lambasted low private lending standards and now is doing the same with regulation itself? wasn't deregulation the cause of lax standards? this isn't rhetorical, i'm just curious if i'm missing something.

[canisfamilliaris]

I love the uk analogy. We (I'm from the uk), the government propped up British Leyland for decades, and it became a national joke, ruined by stupid managers, and a worthless workforce manipulated by communists in the 70s.

The minute it was forced to compete with manufacturers who produced cars people actually wanted to buy, the whole worthless tin pot enterprise fell apart.

Triumph motorcycles, nationalised joke, privatised success, what more do you need to know?

[reprahdm]

ITs amazing how the blind always turn to another blind person to lead them....Peter is like a becon to sound principles and the DEFT DUMB AND BLIND seem to be the only ones that the blind listen to..makes NO SENSE.

[tmac9938]

very good point about enron. and very well put. true shit.

[wavracr]

Why did Clinton sign the Commodities Futures Modernization Act? Didn't that open the door to credit default swaps? There is plenty of blame to go around - it wasnt just Gramm.

[cowboy1165]

Ya know dogle, you don't get it, and others like you probably never will!!! REGULATION HURTS THE AMERICAN ECONOMY (PEROID) People like you that go on and on about needing government regulation are taught to only look at the symptoms of the problem and not the root. Enron was brought down by fraud law which is constitutional whereas the SEC (Government regulation) botched the whole thing. It was the people that brought Enron to court that dismantled the company, jailed the crooks, and sued.