12/08/2008 Peter Schiff On CNN International: Whithering The US Economy?

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News & Politics

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• Peter
• Schiff
• CNN
• International
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• Paul
• Marc
• Faber
• Jim
• Rogers
• Depression
• Inflation
• Economy

[philippe1985]

That journalsit wans't brightly smart but at least she got a good lesson from Peter.

Nice interview

[daivitkm]

central planning don't work, why do ppl all of sudden think that washington dc can manage the economy~ hello kremlin~~~~~~ hello??????? anybody outthere????????

[aldm1967]

@AGAUPDPT You just don't get it!!!! You need to listen and understand whats going on. Truly understand and grasp it. You just haven't!!!

[aldm1967]

@mrburnone You're completely wrong!

[mrburnone]

the only thing i don't understand about schiff is how he doesn't want any of our own tax money to be spent on us. we pay taxes and what do we really get for it? we need infrastructure. we need better schools. we need to get our tax money to work for us instead of it flowing into the pockets of the rich. the big picture is that the rich get richer and the working guy gets a slap in the face. will we as people ever take back this country?

[fthrcast]

AND E N R O N R'IP

[phrantek]

AGAUPDPT -

Booms and recessions are artificially created in fiat monetary systems, which are manipulated through inflation. Slamming on the brakes would induce a depression, yes, because we are long overdue for one because of continuously spending beyond our means. Depressions & recessions are temporary, and are only delayed (and built up) through manipulation by whoever controls monetary policy (in our case, the Fed). Markets are *supposed* to fluctuate. Over-regulation prevents that.

[mrhappy19]

Sorry but ive never studied deeply into austrian economics, but they seem to be the only people with a grasp of how the economy works. Essentially their argument is that if the US were to take an economic policy of sound money free markets, and small government we would not be in this mess...

[crustofthematter]

Irwin Schiff is in jail because US Constitution says that earnings of an individual is not income and rather are wages and remuneration for toil and efforts. Therefore income tax cannot apply to Wage Earning Americans.

So, he has been protesting, in the most peaceful way by filing "Zero Income" tax returns. In other words, he is fighting for the constitutional rights of every single US citizen. I think that includes you.

Ron Paul advocates the same views towards taxation.

[AGAUPDPT]

Why would Schiff say anything new? Good point. He's forbidden. But Schiff is lying when he says interest rates should be raised to improve the economy. He and other Austrian Economists lie about what should be done to improve the economy. They aren't wrong - they are liars. They know that if you slam the breaks on the money supply and credit that you would induce a depression. They say anything to make the current system - Bernanke, etc., appear stupid rather than criminal.

[teebteeb1268]

Why would he say anything new? That would mean that he changed his mind or was wrong. He's been talking the same stuff for a long time and it's all been spot on. Also, it sounds to me like he's blaming the Fed.

[jssfrgvrofall01]

This whole thing was kind of caused from us. TO many of us got into too much debt, started to loose our houses and it was a chain reaction. Now the government has stepped in too much. If you look at history, whenever the government steps in this much its always bad. This was caused by too much debt so the government is adding more debt so how the heck is that gonna help? You can't fire with fire.