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Peter Schiff Vlog 21 July there is no exit strategy

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  • i flush my toilet with the push of a button i didnt know the economy was so simple to control! Haha ha.

  • Good comments as usual Peter ! I follow the developments and your comments, as well as Ron Paul, G Edward Griffin, Marc Faber and Max Keiser, here from where I live, in Sweden.

    I'll make a donation for your campaign.

    And I can't even vote ! (being a Swedish citizen)

    I wish you all the best.

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  • you can call price inflation a moon pie if you want it doesn't change the fact that you can have price deflation based on market availablity of raw goods and other factors . this gives you falling prices . in the current case we have limited consumer spending based on cash savings(or cash hoarding)because of a caustic econ enviroment ,coupled with a mega printing machine spiting out funny money (a cause of monetary inflation) . monetary inflation is NOT falling

  • no it isn't. prices may go up and down, but it is not price inflation.

    what i'm saying is that the idea economically that there are 2 forms of inflation is nonsense. there is only one. if prices go up it may or may not be related to inflation, but it is incorrect to differentiate two forms of inflation. the one is correctly called inflation and the other is simply rising and falling prices, which is a separate issue.

  • forget about infation deflation. your govt is stealing money. We have been the reserve currency because countries believed in our system and our ability to pay it back. no more, Once they catch on and loose faith ..recess back to a protectionist way of doing things were screwed. they will build from within with their cheap labor. their "indutrial revolution" we will build nothing with inflated salaries. international companies might fair well "stock holders" joe six pack will get screwwd

  • There are essentially two kinds of inflation, cost push i.e a drought will push up the price of food or rises in the cost of oil will generally increase price levels, or inflation caused by an increase in money supply. In the second case it is not so much that prices are rising but rather the value of the currency is falling. The second case is far more common and is the type of inflation inevitably created by the monetary policy of the fed.

  • jdepp;that is incorrrect . price inflation is a very real phenom

  • It's not a community college, but it's what you do with your education that counts. Yes, jobs are tough, That is why you need to diversify. My son is a communications major which covers business, teaching, consulting, web designing, etc.

    He's bilingual. He works 30 hrs. a week, but I pay for his education.

  • no they should cut their outrageous spending so they don't have to tax them so much.

  • you may be wasting all of that money depending on what he's taking. community college is cheap, sure, but keep in mind you might just get exactly what you're paying for.

    now at many expensive universities, you may get the same inferior education, but you get a nice shiny name of the school to go with it, which impresses some people enough that it could end up paying for itself.

  • not exactly. monetary inflation is the only kind of inflation there is. there is no such thing as price inflation/deflation. prices go up and down, and one major factor can be inflation/deflation... but that doesn't mean the word inflation, or deflation, can be correctly applied to prices as if there are two kinds of inflation.

    people are only hoarding cash because the bottom hasn't dropped out of it yet--it's been considered "stable" for so long that the myth is still alive. not for long

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