Vlog: Peter Schiff's Crash Proof Commentary Chapters 1-4

Peter Schiff book Crash Proof Vlog Commentary Chapters 1-4. I go into a rant about chair production vs Orange production here. peter Video Blog Ron Paul glenn beck obama CNN FOX CNBC Bloomberg aljazeera gerald celente warren buffett marc faber jim rogers gold silver money dollar max keiser vlog vlogging and Alex Jones.

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[sujajajjaakakajjs]

I dont think Germany was "adjusting" just before the WW2, the production was booming at that time, but yes, powers seek more power.

why do you say that tech is worth less then food if by using this tech you can trade in more food then without using this tech. of course there are situations when food is most important but in general tech is (if its more productive)

do you agree that there can be full employment and economic growth (however tiny) with shrinking population?

[BankRampage]

Let's look at a case model of an economy of a super-power 'adjusting'...Nazi Germany. The government had those 3 things and used them to try to increase production to sustain their culture by trying to conquer the world and 'take.' This is our culture too and the foundation of the United States. In order to sustain our economy, we use force to get oil, not adjust and reduce spending.

[BankRampage]

No technology is worth more than food (unless the technology is fueling the food growth). People in Germany were paying wheelbarrows full of money for bread, not new clothes.

You are right about the government having to provide food, as they have done in the past (soup lines). But this would be Socialism, right? Since this food redistribution would infringe on the 'rights' of the farmers.

[sujajajjaakakajjs]

(cont) ...because there would not be food shortiges in US and people could continue trading other stuff.

so here comes information, technology and capital, because people would still own these 3 things the adjustment period would be shorter and US economy would not lose 95% of GDP (the level where everybody is farming). so even if the population stops growing economy would adjust, some people would have to lose/change jobs but overall economy would not suffer much

[sujajajjaakakajjs]

"Is this technology really more important than breakfast or dinner?"

in general, yes

of course in some situation a liter of water is more valuable than pound of gold (if you are about to die from thirst)

in US there would not be a famine because of the high productivity in farming, the government would give food to everyone if unemployment hits 80% (only 3% of population is necessary to produce enough food) or organise unemployed people to farm. but unemploymen would not hit 80% ...(cont)

[zzzDiamondzzz]

lol this guy is just trolling

[BankRampage]

The farmers own all the important land. But under our system, having a farmer going bankrupt and transferring his land to a 'more able' farmer seems to be the norm.

If people are not self-sustaining, there will be an immediate trade imbalance by the ones who sustain them (therefore, the problem). People NEED the agricultural imbalances, not the Barbie dolls or even the newest laptop. Is this technology really more important than breakfast or dinner? No.

[BankRampage]

Yes, I am not seeing too many baby-boomers with 10 kids walking around (except the occasional Octomom and anchor baby exception). But the real question is: "What part of the population is the inflated part? And what do you do with them (us)?"

In a sense, the orange doesn't really dissappear for the economy as it is excreted from the human body and regrown as oranges or sold as fertilizer (Ok, that was gross, but true). Gold is not reusable in the ultimate sense but as a means of agreed excha

[devilmirror1]

The connection between our current economy and overpopulation is that we have fiat monetary system since 1913. It artificially inflate the US economy to unprecedented proportion. Now, it's time to pay the price. The overall population growth rate will be lower because people are facing tougher time in crisis.

Also, you can't assume orange to be the same as gold. Orange is consumed and disappear from the economy while gold will be traded again and again, until the Fed steals it from you. XD

[sujajajjaakakajjs]

the land re-distribution would occur only if farmers own all the land and they dont trade.

everyone being self-sustaining is a theoratical extreme and it would not happen in US because people need other stuff and agricultural productivity is high (information would not disapear). you can see how people return to home-grown stuff in failed states in Africa (Zimbabwe f.ex). but in US, because of the information and technology and capital adjustments would not reach such an extreme.