Peter Schiff 1-7-09 Part 2 of 6

Peter Schiff 1-7-09 Part 2 of 6

Category:

News & Politics

Tags:

• economy
• economics
• finance
• depression
• investments

[BrandorT]

peter schiff = voice of reason.

thanx for posting this.

[pieaficionado]

PS is right about the economic theory being badly taught in university.Ive got a Business and Economics degree from the UK and Ive learnt more in the last 12 months from PS than 5 years from school and university.

[jobedied]

Scape goat the baby boomers rob the Social Security fund and cut and reduce S.S. benifits. The American people will love to have A CNN created enemy ,(baby Boomers) down play their 50 years of contibuting their payroll S.S. withholdings.

[Ace0414]

100% correct

[Igor707]

Just like the financial bubble that has burst USA leaders know quite well that this new bubble they are creating is also going to explode. These people are NOT stupid! They are simply BUYING some time! They have some other plans. They are preparing for the WW3! And that bubble would certainly blow dearly...

[Grumblingone]

"The paradox is that what the goverment is doing is horribly bad for the USA but very good for Peter investments."

Not really a paradox.

Is it a paradox for a house builder to run down the street warning folks a tornado is coming. If there really is??

[jazzbanjobanjoman]

Your religious beliefs are your own. Keep them to yourself. This is Economics; when you drag religion and such into it, people will NOT take you seriously - at best. Schiff is discussing serious real stuff, which can ruin lives and nations, and you're dragging into the discussion superfluous mysticism, mythology and illogical belief systems. Everything has its place, the Bible has no business being discussed HERE.

[trevormac77]

He's right about cutting spending. Canada cut spending and raised taxes slightly in the early 90s and created a surplus. As we started paying down the debt the government suddenly was freeing up resources to put back into the budgets. It's short term pain for long term gain. Paying interest on debts is like flushing money down a banker toilet.

[trevormac77]

I'm guessing there's a racial connotation. I always that it had something to do with cards myself :)

[putittogether]

I dont know, "what's wrong with saying"? "it's going to come back to us in spades?"

[eesloan4]

what's wrong with saying "it's going to come back to us in spades?"

[nlspears02]

I agree. This is already prophesied and ordained to happen. The world will be judged. What is funny is how people are angry this will occur like they can prevent it. They can't. It will happen. Best repent and turn to Christ, because life on this earth is coming to a close, yet man's fallible, limited, foolish wisdom thinks he can fix it. God laughs at our wisdom apart from him. What is most important is where will you spend eternity, because 100% of people die.