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12/12/2008 Peter Schiff: Will Washington Save Detroit?

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Uploaded by on Dec 12, 2008

Visit http://www.PhilDeCarolis.com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.

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  • The market has demanded that these companies fail, and now the government is bailing them out. The problem is the government. They are inept at solving problems for people. They should stay out of the way. I say either Peter Schiff or Ron Paul for president in 2012.

  • That senator should shut his mouth and listen to Peter.

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  • Senator Don and others thinking is the reason why we are in this mess. And its people like Peter and other liberals thinking that our the solution. But of course everyone laughs and another 5 years we will look back and say wow the libertarians were right.

  • That fork-tounged senator probably has about as much of a clue of this matter as my left asscheek.

  • "you didn't watch free market [on wall street] you watched socialism" hahahaha

  • What happened to government only protecting life, liberty, and property?

  • Peter speaks the truth. Check out his videos, articles, and his podcast, all on one page at Peter-Schiff . com.

  • "Letting these companies fail would simply compound our problems." ~Hyperrreal

    Yet you believe artificially inflating them with money borrowed from China will solve the problem? Maybe having one of the big 3 go under will cause them to be more competitive. Why would you prop up a failing business with more debt? It makes no sense!

  • readthepaper, that's true, I agree.

    It wasn't completely free but not under the strict central banking control that it is today.

    I agree very much so, - the only law we need to enforce is the prosecution of those who commit fraud (fractional reserve banking).

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