Peter schiff reaction to the state of address
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Walmart will stop selling ammunition in august people are saying, so stock up now.
simonbayes1 3 years ago
only thing thats going to be worth a damn soon is gold, silver, wheat, and ammunition
ForTehNguyen 3 years ago
Ultimately there will come a time when all of the gold we can mine is mined. It may be true that rich people do not like idle assets that TURN A PROFIT but that is the entire problem. During a downturn they WILL hold their money, especially if it gets bad enough. That ensures a significantly painful recession!
brian12934 3 years ago
You forget that the gold supply continually is increasing due to gold mining. You also ignore the fact that most people, esp rich people, don't like to have idle assets that are not working for them. They didn't get rich by hoarding money. They got rich by earning lots of money and having that money earn a return for them.
fubecabr 3 years ago
Gold may do nothing sitting in a vault but if we are on a gold-standard and manufacturers notice they are not making as much gold-backed money, there will be a period where the money spreading through the economy will slow because all the rich are HOLDING their money.
That is the fundamental problem with gold.
I wasn't talking about this banking system in specific, I was talking about every banking system.
brian12934 3 years ago
"Well, the banking system is okay. It just needs to be tweaked"
No, it's fundamentally flawed. If we're gonna have a fiat system, we should go back to using greenbacks that don't incur debt into the system.
"Think about it, a finite amount of gold will eventually be eaten by all the rich people in the world."
Gold does nothing sitting in a vault. It pays no dividends. You can't eat it. You can't run cars or airplanes on it.
fubecabr 3 years ago
Credit comes from when the Criminal Reserve and the banksters create it out of thin air. Every dolalr in existance is born and conceived in sin.
fubecabr 3 years ago
Ben Bernake is a jew , interesting, then Greenspan and Giethner is also a jew? If the jews can be so clever and intelligent to create the banking system , then there is something to it. You must be really afraid of the jews. Thank you for your info, i'll keep it in mind. Do you believe Jews are Summerians also? It is said they created the banking system ( see Ben Fulford (project camelot, youtube).
dan020350 3 years ago
it is not a single person that created it. it is like asking who created the wheel? man created the wheel, jews created the modern banking system which dates back hundreds of year. this is easy to check, check there names, they are all jewish. You know the federal reserve is run by a bunch of Jews right? Bernanke? the modern banking system is based on interest, it is their main income. interested is a tool for jews to control their environment, it is in their torah.
Skitzopain 3 years ago
so it was the Jews who created the banking system ? Is it the foundation or is it the banks today ? What year , and name of person did this?
dan020350 3 years ago