9/29/2008 - Peter Schiff On The Glenn Beck Show

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[jerryjam051]

funny how McCain laughed at Ron Paul when he tried to warn the voters that this was coming, they all laughed they think our misery is funny because they have millions. Ron Paul 2012

[RedShirtArmy]

Good stuff. Abolish the Fed. Fire Bernanke and Paulson. Go back to the gold standard. And restore liberty.

[fuckoff187]

glen becks goldline blood money paid for his kids college

[ClearSmashDrop]

While I dislike Beck I have to give credit for this interview for simply asking what things mean to everyday folks. Mabye I'm missunderstood Beck but it did seem he missed out that Peter did answer his question. And who things that Bob guy resembles Nixon just a little? :P

[watershoe5]

The govt has been propping up the dollar and printing much of it through the consumption of oil.Now oil is so unstable price wise that when the price of Gas went to 4.00 plus a gallon people stopped buying simply because they could not afford to go any where.Thats why the US govt does not want little diesel vehicles in the US because the get to many miles to the gallon and that would effect the consumptiuon anually.

[Mixelplic]

Think that the U.S. is too rich for this to happen? Think again. China has the worlds largest growth automotive market. They have the worlds largest highway engineering projects. They are building _infrastructure_ to sustain an _internal consumerist market position_. And when they have enough, they will stop being our debt and manufacturing source because their GDP will have enough critical mass to be self sufficient. Then they will normalize the Yuan and become the dominant economy.

[Mixelplic]

Printing money only matters so long as we maintain USD as chief fiat currency with the RMB and Oil both pinned to our fiscal position. When low interest rates (which are where they are because The Fed unrealistically 'adjusts' growth indices to suppress it, so as not to make debt balloon even higher) become too large a drag on world economies, we will be cut loose and you will have a situation like German in 1925 where a stack of Marks as high as your eye couldn't buy a loaf of bread.

[regelemihai]

@neednotbe

The ability to print money causes inflation. How is that a desirable thing?

[neednotbe]

Funny back when Peter thought the economy was doing just swimmingly during the Bush “ownership society” years, I was buying Silver at $9.50 per oz..

Old Pete ‘s late to the game and on precious metals and the demise of the dollar.... he’s late again.

[neednotbe]

All this ridiculous talk of going to the gold standard...enough with that idiotic talk.

America’s greatest power is not it’s military but it’s ability to print money. Make no mistake, unlimited borrowing and the dollar is still the greatest weapon on the planet In truth, America doesn’t have the resources of Russia, oil of Africa or industrial muscle of China. . FOR GOD SAKE turn off that tool Glenn Beck, read a book for a change

[draco4506]

@jerryjam051 Ross Perot was right too. They all laughed at him too. Ron Paul/Ross Perot 2012

[TheHabit00]

@neednotbe He's been more right than the experts dumbass!