Peter Schiff on The Depression
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Uploaded by Scoforever on Dec 5, 2009
Capitalism did not cause it. Government did.
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I'm gonna be "that guy" and say that Schiff is half right.
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PETER SHIFF IS BAD ASS !!!STOCK UP ON GUNS N FOOD!!!
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- WOw PEter Shiff is amazing ...
he makes sense , I just read The pure theory of Capital by Fridrich von Heyek ..
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@thomasmoonman Im with you, but I been watching Schiff (in particular) for awhile now. Ive learned to put a good many faces to names in the financial markets and learn who speaks with a forked tongue (those that will lie to you and not bat an eye). Schiff shoots it pretty straight and for whatever reason calls it about 2 years in front of the curve. I think he is learning to say "about" or "around", some have tried to attack his credibility with his timelines.
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"You gotta reread your history." Nice. Reread it from a different perspective maybe?
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Some people are so out of touch they think this is funny.
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So pathetic. The people in this video are actually pretty smart, but they've been taught way too much nonsense in university.
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no one know when the break comes. It might be better to ask "IF" the break comes.
The US Gov and Wall Street for that matter have cut their own throats in stealing the wealth from the middle and lower classes. The cookie jar is now empty and they're asking for more. No real gain or growth will occur without the slaves. And they hate the idea of depending on us or helping us to make them rich. smells like resentment
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Peter Schiff is the man! All these other guys are a bunch of knuckleheads that spout off financial babble, just to hear themselves talk!
I don't know about anyone else, but I will listen to Peter Schiff !!!
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when? when is this gonna break? im flipped the fuck out. im trying to make sense of all this. anyone?
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It SHOCKS me how many people blame capitalism and free markets, and don't even consider government interference
eagleeye1975 2 years ago 18
@BeyondNeptoon
I agree. I'm done trying to argue with liberals, especially over the internet because it's just not worth it.
They are simply not even aware of the basic economic principle that profit incentive makes most people work harder, or the dispute it. I can't believe it. And this goes for "educated" people like doctors too. They know medicaid stinks, yet they support a "medicaid for all" policy like the public option.
It's like trying to argue about whether or not the sky is blue.
slapshotbob 2 years ago 3