11/21/2008 Part 3/3 Peter Schiff: Markets Reacting To Nomination Of Tim Geithner?

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[shouldlistentoronpau]

What was the name of that one ship, you know the one that was SOOOO BIG everyone thought it was "to big to fail or sink"???

Oh Yeah, the TITANIC.

[EMPIRE0FLIES]

No one's to big to fail" Priceless!!!

[atm2462]

Jeez.. go find some porn and fix that problem before you go post.

[roseagain2]

Those other guys are asleep at the wheel!

[CumFilledTesticles]

That lady is HOT HOT HOT HOT!!! Good job, giving really depressing (but truthful) economic news with a HOTTIE onboard at least helps.

[therealcaptobvious]

not always. Value is placed on an object by the people collectively, or society. Wealth creation is not synonomous with printing money. If the biotechs came out with cancer and AID's cures, value would be created. Economic growth. There would be more value to our society. Printing money devalues currency. Wealth creation makes the currency more valuable. I'm sending you a link.

[thomasw78]

None of those examples count as creation of wealth only the potential for wealth creation. When Ford invented the car the only wealth created was what he could sell that car for. What created the wealth was the assemby lines, factories, salesmen, and ultimate selling of thousands of cars. Can wealth be created? Absolutely it can... but not through a printing press. Furthur, when that wealth is created the effect is to lower prices which allows more people to have more.

[colacocala]

wwooooohh wtf are you talking about

where how should i speak chinese, whats required,

you cant just throw that to me LOL

[xavster]

move to china and make $3000 USD a week as a financial advisor in shanghai

[therealcaptobvious]

"Value isn't measured by the demand vs. supply. It's only a consequence of the sum of interactions of every individual who values or not one thing over another, not the cause."

That's demand. And there you go, wealth CAN be created. I rest my case.

[henriquevicente]

Value isn't measured by the demand vs. supply. It's only a consequence of the sum of interactions of every individual who values or not one thing over another, not the cause. Value, by itself, is subjective. OF course if more people values one thing over another it'll make only the ones who values most (and have the power to purchase) possible to have it. But it isn't a thing based on demand vs. supply. If it were, everything would be marketable. Also, wealth isn't created by innovation ONLY.

[therealcaptobvious]

henriquevicente, wealth CAN be created. Value is given to the object by the people and is measured by demand vs supply. INNOVATION creates wealth. When Ben Franklin utilized electricity, wealth was created. When the Wright brothers invented the plane, wealth was created. When Ford invented the car, wealth was created. When the internet was invented, wealth was created. Satellites, modern medicine...all that creates wealth.