Peter Schiff on CNN: China More Capitalist Than America

Peter Schiff on how China is more free market and a better place to start a business than America.

Category:

News & Politics

Tags:

• Peter
• Schiff
• CNN
• China
• Markets
• Capitalism
• Free

[PenguinProseMedia]

Just uploaded Bernanke's Press Briefing, the full 50 min. Check it out....

[impaleddead]

humm...now they're listening to Schiff?

[EMPIRE0FLIES]

"Truth is treason in the empire of lies" Let the games begin.

Ron Paul my President.

[juliaisafilmbuff123]

China is more capitalist than the US, hence why workers in China are rioting.

[zealot8964]

China uses a mentality of "Make money, make friends" diplomacy towards other country such as Iraq, iran and some west africa countries. They invest and create jobs in those countries in exchange of natural resource. They gave them wealth instead of warfare. US is doing the opposite, and that's why they got nothing in return.

[ervin920]

@EMPIRE0FLIES haha very nice answers

[EMPIRE0FLIES]

@ervin920 Gold and silver to compete with the Federal Reserves money printing. Bring the troops home. That would have a significant psychological effect on the markets and on the world since we are the reserve currency. Even if we stop printing money and end the Fed, gold will be worth 1/1900 of an ounce which would be a absolute number. Keep the FBI. Eliminate the CIA and their evildoings. Then start throwing banksters in jail would be my suggestion.

[ervin920]

@EMPIRE0FLIES you know how in 2008, obama's slogan was "change"? well is it too late to change? obama says to raise dept to 17 TRILLION! america is digging a hole that may be too deep to climb out of. ron paul will have the same obsticals to over come as obama. what can he do?

[TheHeavenlyAssassin]

@watup2154 95% of china under proverty line? did u pull that out of your As? the average income in china last year was US 7800 and that is enough for most people since china's cost of living is much lower. there are like 4% of china that's in proverty. Not the other way around

[fdoca]

China's eco power. and meaning of continuios growth power..

China in fact already #1 economic surpassed z USA today, u need to see the nation's balance sheet,

USA has nagative 78.8 trillion in debt, in fact, at hyperinflation cliff stage, worst ,an economic insulvency status

China has 3.3 trillion in positve reserve in forighn currency,GDP is 5 trillion

IMF reports China GDP will be 123 trillion in 2025 that is closed to global combined GDP closed to double at 87 trillion

[ffmarkm]

I love her.



[jabrown45100]

unclear on the first sentence below, we are seeing it as worse(via fragmented) in some foreign countries than it really is. Its not that bad on average over there-nobody is always breathing over your shoulder as soon as you leave the door of your home.

[jabrown45100]

the govt driven news media distorts the good opportunities and a decent life in good foreign countries. Dont be fooled when you think you're getting the best of both worlds here. Aside from the complexities, basically the sacrifice for free enterprise is subsidized in everything-but with long lines and vise versa. Where (guess who) we are getting the worst of both worlds. Even if the requirements are wrong or unethical, but not followed face heavy consequences. (scare tactics are a by-product)