Peter Schiff On Yahoo Breakout - Nov 3, 2011

Go to http://peterschiffchannel.blogspot.com for details

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[markymarkuss777]

We have TRILLIONS OF DOLLARS for war. We have TRILLIONS to bailout banks. We have TRILLIONS to bailout corporations. We have TRILLIONS to bailout Wall Street. But we can't feed the poor, house the homeless, or give the middle / lower class healthcare or any other necessity they need? While government handouts aren't the best way to sustain a nation's economic structure, in all honesty, I would rather have all of these TRILLIONS go towards the latter options, than the former options !

[blazefury2010]

LMAO... Looks like The Bernank clicked dislike on this video.

[Salford999Red]

@blazefury2010 The Bernank LOL. That QE2 cartoon video is a cult legend.

[vartart99]

@markymarkuss777 I don't get why you got voted so "vigirously" Military budget is like 5% of GDP - much less than many other countries, there are some who have 20,30 %. If there will be universal health care it will be 15-20% of GDP, so don't ask why so much money is spent in military and there is not health care for those who don't want to pay couple of hundreed bucks

[vartart99]

Peter Schiff is a perfect example of that everyone needs to do his own work - he is genius where it comes to talking about financial policies - his profession, and sounds like a complete CLOWN when he starts playing like a politician.

HEY SCHIFF STAY AWAY FROM POLITICS MAN, YOU MAKE LITTLE SENSE IN PRETTY MUCH EVERYTHING YOU SAY, YOU WILL COMPLETELY RUIN YOUR REPUTATION IF YOU KEEP DOING THAT NONSENSE. JUST STICK WITH WHAT YOU DO BEST.

[geiramk]

Schiff has some perspective at least, and isn't completely and totally in it for his own personal financial benefit. Most career politicians and their supporters are completely captured, and I would applaud anyone who goes against this general trend.

[DaveC86]

@markymarkuss777

they have trillions of dollars, but no real stuff behind it. Money is not wealth, when the federal reserve creates $1 trillion of bank credit, this does not increase the supply of food, cars, concrete, medical services etc. if the government were to create $1 trillion to spend on the needy, inflation would sky-rocket over night. The government just needs to STOP spending, let the people spend their own money and let the cronies go bankrupt.

[bmw803]

@markymarkuss777 Yo, we don't have TRILLIONS. We just print and borrow it. But as Gerald Celente would say, THEY'RE ROBBING US BLIND. WALL STREET HAS HIJACKED WASHINGTON IN BROAD DAYLIGHT.

And now with the IMF ( International MAFIA FEDERATION ) or if you prefer Loan Sharks of last resort are sticking their nose in the EURO zone.

[timl2k11]

@blazefury2010 twice.