10/13/2008 - Peter Schiff On Glenn Beck: Inflation Nation?
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@rexiedexie1 You need money. Without money there is no calculation of goods and services. Capitalism is barter. Who is going to build all those homes if the dollar will be worth nothing afterwards? The problem isn't money at all, it's the fact that if money isn't worth anything - the whole system doesn't work. And out money is only backed by debt. A note not redeemable for anything. Just debtors 'word' that they'll pay, and faith in a piece of paper.
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He was dead on about monetary inflation. Screw the CPI. Both the money supply and the price of gold increased around 20% in the following two years he forecasted, and real unemployment is over 10%.
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@rexiedexie1 The problem isn't money, it's fractional reserve banking. Going back the the barter system would be very inconvenient and counter productive.
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You're saying that as if it were a crime.
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If you really want to understand inflation and interest rates etc. (and you're like me, who didn't really understand), google "hmscoop.com". Real quick cut to the chase website about inflation and banking. Takes about 5 minutes to read through, but you'll understand it afterwards.
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Glenn Beck wont allow Peter Schiff on his show any longer. He does his best to keep any one who sees the whole picture off the FOX network. Glenn even threatens his guests not to go on other shows like Alex Jones. - look it up.
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There is a great way to fix the world economy; get rid of money. Do it in stages. First take over the Fed give interest free loans for housing. Then transfer to a barter system and then adopt a no money system. See zeitguist movies or google search one fair tax and the Zeitgeist Movement
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Just amazing he never had Peter on his show when he was running for office ???
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Glenn Beck said, “I could give a flying crap about the political process.” He told Forbes Lacey Rose, “I'm in entertainment.”
@MikeZar Seriously. Linda McMahon REFUSED to participate in debates and spent $22 million of her own money on her campaign, and some how a majority of the idiots registered Republican voted for her. They picked a celebrity over a genius on economics. They just screwed their state and the country. Nice job, Republicans of Connecticut...you just nominated another fucking RINO!
Kras3169 1 year ago 29
Glenn Beck is a Neoconservative...
NEOCONSERVATISM is a DIRECT offshoot of TROTSKYISM.
Glenn Beck is more of a Communist than any Democrat..
Don't take my word for it..
LOOK IT UP!!!
TLydon007 11 months ago 6