Ron Paul Advisor, Peter Schiff, talks bailouts; says intervention will lead to more problems, on an emergency edition of CNN's Your Money (9-27-08)
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the fed loan the banks 9 trillions in sep ,oct 2008 when we was looking at the the 700 billion
then in 2009 they loan trillions more out the information came out 2010 the video is on here
and interview with the fed guy
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we got to stabilized home prices
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three years later and housing prices havent "stabilized". they are still low where they should be. we need more people like Schiff and RP who are schooled in Austrian Economics because what they say actually seems to be what happens
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I'm proud of peter for not cursing that guy out.
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The Keynesians just refuse to admit that they can not control the economy. Central planning not only always fails but actually causes many of the problems in the first place. But the Keynesians lie to the people and convince them to hand over more control over the economy in order to avoid a doomsday scenario.
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The statist goofball on the left thinks that government intervention helps, but as Peter points out (though no one is listening), each step that government takes to solve economic problems that it is largely responsible actually merely staves off the problem while making it worse in the long run.
Things are unfolding exactly as Peter Schoiff has warned, and for exactly his reasons.
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House prices are too high ... and average pay does not follow house prices.
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If Peter Shiff is right , Expect more WARS .. and lies
from the ruling ellite scum bags ...
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that other guys like a little rat that keeps biting peter when he tries to talk nyeeeeew nyeeeew
im sure they had a good chat during the break
2 years ago 3
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I love peter schiff.
2 years ago 4
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One is an economic prophet and the other is an economic slut.
silentonall 3 years ago 11
man, that little doosh fag needs a giant cock in his mouth! I keep wishing Peter would just turn to his right w/ a quick elbow knocking that moron off his loud & annoying bullshit box.
Rock on Peter Schiff!
mrdeecup 3 years ago 9