Peter Schiff - Our Economy is Destroyed!

http://PeterSchiffBlog.com -
He also wrote a book about this -
http://www.amazon.com/gp/product/047047453X?ie=UTF8&tag=timreayt-20&l...

Category:

News & Politics

Tags:

• peter schiff
• gold
• inflation
• hyperinflation

[cabtrom]

Admit it you CNBC clowns, the last bubble to pop is your stupid fucking stock market. You will no longer be able to get rich by simply moving MY money around. Get your dumb asses to work and create something, build something that people actually want. Best of luck!

[milkmandan77]

who is john galt?

PETER SCHIFF.

[TheScyy]

@eshnajizzle Those CBO inflation numbers are a load of crap and have been for a long time, just like unemployment numbers. When they can decide what does and doesn't get counted it makes the numbers worth nothing.

[bluedogofdark]

you know what happens when the government gets this out of hand?

they start burning books

[Silicondoc]

When you sell so much in investment securities (mutual funds, IRA's etc) and get your little self adulation achievement award, guess what they call you on it ? PRODUCER

That's right. They call themselves producer's, and give each other awards for signing a piece of paper that "invests" your money in their stock market picks.

LMAO - yep they "produced" all right.

I'm not kidding. These are our new economy "PRODUCERS".

[TrueGilby]

@darthvader5300 Unfortunately, it's not our government printing money. The Federal Reserve prints it and it's, for all intents and purposes, a private bank charging us to make our own money. It's ridiculous and part of what's destroying us.

[darthvader5300]

Can't you Americans realized that your US government made a mistake of printing money above the requirement of the production oriented real physical economy and in making a second mistake of not investing the money in the real physical economy of real production based on producing things which is accomplished only by going back to a local and domestic manufacturing based economy protected & guided by proper economic policies to make domestic manufacturing profitable in America again indefinitely

[jacopman]

@viruscauser Bingo.........we have a system doomed to failure because it demands ever increasing populations, markets and consumption.......

We need a resource based economy........or as the American Indian said......."When you cut down the last tree and poison the last stream only then will you realize you can't eat your rmoney"

[koolangeldude1]

i think they're a cute couple.hahaha. she keeps him on his toes. LOL

[Machiavelli1513]

The only thing CNBC has going is the hiring of hot women. :D

[viruscauser]

What is "economic growth"? Getting more and more people to consume the earth's limited resources ever faster is not "growth", it's decay. The value of the Dollar(which you can't eat), or the value of Gold(which you can't eat either), depends on whether it can be exchanged for something that has value (something you can consume).

If the collapse does happen, a pound of Soy beans will be more valuable than a pound of Gold. I'm jus' sayin'.