Peter Schiff on Goldseek radio Aug 28 2010

http://peterschiffchannel.blogspot.com for detail
Peter Schiff on Goldseek radio Aug 28 2010

Category:

News & Politics

Tags:

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• Rogers
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[clarkbaker]

Govt. is still stimulating. This will result in the mother of all Treasury Bubbles once the debt piles up catching this falling knife. Schiff continues to predict the future accurately. His book in 2006 told us we will be EXACTLY where we are today... it seems he will continue to be correct.

[RonPaulWI]

Well when Fannie & Freddie forecloses on a home owner they sell the properties sometime as low as 25 to 40 cents on the dollar. They should sell the loans at those price to the home owners and I bet they can afford those prices.

[dougcapehart]

Screw the senate, Schiff for Fed Chairman

[ronheri]

Why can't the talking heads on CNBC understand what Peter has been teling them for years? I guess their owner=General Electric gives them a script to follow. Just as the power elite gives Obama his marching orders. Ron Paul/Peter Schiff in 2012.

[xSpecterx99999999]

@RonPaulWI that would cause moral hazard. it would reward people for not paying their mortgages. It is the worse thing you could do.

[treysparker]

Peter has a much better chance of winning in 2012 for many reasons.

God what i would give to see him in one of those nationally televised debates :)

Honestly think about the Republicans he's running against...

yeah exactly, its an easy win.

[EvilResult]

@martinbelmont The Japanese are heavy savers and due to that those savings where directed into gov bonds which kept rates low. Unfortunately in the US even before FED credit expansion even occurred the savings rate was in the negative... so there is next to nothing in the form of real savings in which banks could use to support the purchases of Gov debt. Due to the "excess reserves" in banks at the moment there is plenty of 'liquid assets' in which to hold rates low.

[johnywinslow]

only thing the government is stimulating is the knife in the american citizens back in the name of globaliztion!

[HuxleyWasRight]

shouldn't have taken a war monger position, he might have won.

[PeterSodhi]

Love Peter Schiff. I like the idea of having a number of voices that lead to Ron Paul presidency. Unless people are out these campaigning and educating then there will not be enough people educated enough to counter the disinformation.

[jjenson2006]

@RonPaulWI If they did that they would create an incentive for more people to walk away from their (the banks) houses and buy them back at much cheaper prices. The houses must be sold to the highest bidders and no one should be excluded from the auctions or its not a free market.