S & P as always late to the Party!

Schiff Report Video Blog, April 18th 2011

Category:

News & Politics

Tags:

• videoblog040911

[Overfl00d]

Peter, I think you meant the Fed has a printing press; not the U.S. government

[AnOrdinaryAmerican1]

The US is doing NOTHING to resolve the national debt problem. It's almost as if they know something..... almost as if there will be no day of reckoning. Those corrupt self-serving thugs are going at it full force. I think the end is near.

[TWSceptic]

I think S&P are just friends of the government. You can never trust these organizations.

[lek844]

@PilsenB That's typical Keynesian BS. Before Keynes, the demand for gold grew with economies, raising the price of gold and stimulating the mining of gold and other precious metals. We did not see deflation. Conversely, when economies slowed, the opposite happened. In either case, net effect was zero. But Keynes argued, ironically, that we could not depend on this historical precedent; therefore, we had to have a fiat currency!!!--along with inflation and deflation. Ah, modernity.

[bluefly28]

isnt schiff one of the 13 illuminati bloodlines?? hmmmmmmmmmmmmmmmmmm

[seanannapolis]

Is that a purple sconce on the wall behind Schiff?

[PilsenB]

@joepeeler34 You may be right. I think you could also stop the race to the bottom in fiat currencies under a fixed-exchange-rate system (e.g., a new Bretton Woods). Of course, people would still be tempted to cheat or break free of the system. Gold works but is also deflationary (relatively fixed supply of gold vs. constantly increasing populations and economic activity). I'm not sure people could deal with a global economy in a perpetual state of deflation.

[Burningphoenix888]

@kylextown24 go troll somewhere else cocksuck and leave the economical thinking to the the big boys.

[AnnoyingTypoSyndrome]

@joepeeler34:

I think its worse than that, mate.

I think theyve screwwed the public in every way they possibly could. From final salary pensions (which means they will get something like 60-80% of their FINAL SALARY, every week, for the rest of their life), to blatant fraud and theft (where they award OVER PAID contracts to their own friends, and then meet those friends at the golf club, to collect their cut).

Why do you think it costs £2,000 for an office chair, or £100 for a light bulb ?