Greenspan Op Ed, RMB-dollar peg

Schiff Report Video Blog June 20th 2010

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[Krupification]

I know first hand what Peter is saying. Greenspan lamenting doesn't bode well for the path we are on too. We need Peter in DC.

[4KnowWon]

@trinomialtree Your attempts at sarcasm are as lame as your knowledge of economics.  Get your head out of that raindeer's ass (unless you like it there). Norway is in fairly good shape, now; but as Europe fares, so will your sorry cold asses. Now quit bothering people who know something about world economics.

[bobgguitar]

@IWashMyOwnBrain Thanks, I see what you mean now.

[Lentnomore]

@vbywrde It has recently occurred to me that voting rights should somehow be linked with ownership or productivity. Otherwise the system is doomed to what we have today.

I, myself, think it's too late.

I think we will go through a very ugly period and who knows what will come out in the end. I cry for the idea that was America. I wish we had followed our founding fathers advice and paid more attention to their warnings. I don't know how to save it at this point. 

[Lentnomore]

@xtarka Hallelujah!!!

[vbywrde]

it was difficult to enjoy my father's day after that. It seems that a little bit over half of America is happy to vote themselves the other half's money and to that end they have no problem voting liars and creeps into office - so long as the party line is "and then we'll give you the rich people's money". LIttle to the voting-drones realize now but that policy would destroy the economy, and them with it. Will anyone be able to stop this process? It's getting late in the game for it.

[xtarka]

We must phase out "defined benefit" entitlements and phase in "defined contribution" plans, and require everyone to accept responsibility for their own decisions.

[GomersRevenge]

Perhaps this is not a bad thing, that is the government running everything into the dirt. Then we will have clear proof of their incompetence and perhaps a diminished role for them in the future might be a new found super intelligence for the citizens of the world. After Pol Pot(and many other similar monsters) the viability of state sponsored redistribution and eugenics will be viewed under a caustic eye for centuries to come. Sometimes the best cure for horrible ideas is their implementation.

[iFreedom4ever]

Peter, I've been eagerly awaiting the launch of your precious metals business in order to buy my coins from you. However, I was sorely disappointed to find out you have minimum order requirement of roughly $10,000. There is a huge market out here for small investors like myself which you have totally neglected. Please change your policy to include us. Thank you

[SergeForTruth]

What a nonsense to talk about post soviet production growth! The free market gave Russia the growth in corruption and reduced industrial production to almost nothing (not to count oil and gas exploration for export to the West). Corruption is the base for the capitalist "invisible hand" economy. That what they do in Iraq and Afghanistan; they bribe as many officials as they can to create the "wealthy class" whom can be manipulate and control.

[Melville10]

@RobTzu. Your right. According to Krugman, don't take the financial pain and just crank up the printing presses.