Peter Schiff The crisis is ahead of us CNBC Sept 1st 2009
Loading...
Link to this comment:
Top Comments
All Comments (66)
-
Wow, what you said was really something! how did get that idea? asain race is a single sex people;only female
-
@jnkhd I agree that the "yo-yo" effect get's us nowhere.
But, that's not the fault of the system. That's the fault of the fickle,
ADD public that always over corrects and sways with the media misinformation waves. The problem is that 100% of the public has NEVER experienced a fully functioning free market system, so there is no knowledge of it. I think from now forward, it's going to take a self directed, generational learning process in addition to developing the will to cut government.
-
@Luvanicebum I never said the Austrian school endorses debt. That's exactly my point. What I said, is that the two schools work in tandem. What good is it for the bankers to burden us with endless debt, which we never actually pay back? Keynesian is used to accumulate debt (debt is largely irrelevent...yawn); Austrian is then used to come in afterwards and focus on paying back (the now unpayable) debt which has accumulated (because debt is horrible!) It's like economic good cop/bad cop.
-
The Austrian school does not and never has endorsed "debt".
Their philosophy is, you shouldn't be buying anything on credit in the first place. Savings is the backbone of capital investment. Savings reduces the overall costs of things.
If we had heeded the words of Misus and Hayak before the Federal Reserve system was cooked up, we wouldn't be having this debate.
But, like every generation has it's Schiffs, it also has it's Madoffs.
The choice is ultimately ours who we follow.
-
Anything is possible when you're talking about clawing away
power from fat, lazy trust fund babies.
I don't think there's a limit to the tyranny a government can inflict.
Hopefully we get the changes in this country we need before the war hawks feel they need to invade another country.
-
The USA which is one of the biggest economic and military empires the world has ever seen is quickly coming to an end. Americans have been enjoying the priviledge as the one world reserve currency which helps give them a high standard of living.
My fear as a non-American is what will the US do militarily to protect its economic empire? Its already invaded Iraq to protect the Petrodollar.
-
Oh they know he's telling the truth.They just can't come and say hey your right cause they work for the elitist.
9:50Million Dollar Traders - 2/18by forexnerd77,103 views
- 10:24Peter Schiff The Stimulus Is The Reason The Eco...by PeterSchiffTV5,284 views
- 5:50Peter Schiff outlook for 2011 - CNBC 12/31/10by PeterSchiffTV4,089 views
- 13:09Economic Collapse a Mathematical Certainty - To...by NewAmericaNow441,628 views
- 9:10Gerald Celente on Jeffe Renseby PeterSchiffTV2,921 views
- 9:36Peter Schiff vs. Cornell West on CNN's Anderson...by ReasonTV61,438 views
- 6:03Peter Schiff Aug 28th VLOGby PeterSchiffTV1,777 views
- 11:55Peter Schiff: Americans must prepare for deepen...by RussiaToday153,916 views
- 3:07Jim Rogers the Dollar is Doomed 23 Mar 2009by JimRogersChannel41,292 views
- 5:10Economic Collapse: Peter Schiff on CNBC's Risin...by captplanut3,602 views
- 5:05Peter Schiff on Fox Business Warren Buffett is ...by robpatozz3,017 views
- 5:14Gerald Celente on "Jobless Recovery"by wozzek224,335 views
- 4:28Peter Schiff silenced on CNN Internationalby dumbbell336,266 views
- 5:56Abrupt Economic Collapse - The Time Draws Nearby NewAmericaNow19,022 views
- 42:09Money, Banking and the Federal Reserveby misesmedia711,264 views
- 11:16gerald Celente on The Regular Guys 29 Apr 2011by PeterSchiffTV6,192 views
- 1:11Jim Rogers on Gold Silver and Sugarby JimRogersChannel26,365 views
- 4:37Gerald Celente The Next American Revolution 13...by GeraldCelenteChannel36,429 views
- 1:15Dennis Prager vs. Ayn Randby upandopen12,357 views
They "didn't necessarily believe" Schiff in the years prior to the global economic meltdown (you know, the one Schiff correctly predicted), either.
These folks are simply stock market cheerleaders. They throw a self-congratulatory circle-jerk party each time the market rises and look around in disbelief when it drops because "no one could have seen it coming." They are corporate shills and definitely are NOT a good source of financial/economic advice or insight.
Weleski 2 years ago 27
I laugh my ass off every time Mr. Schiff is on this show. It's as though the entire panel has duct tape under the desk, deserately trying to figure out how to muzzle him. I really think that's why he does it remote. The truth sucks and sponsors for this program do not want people thinking they are in the midst of a very real economic black hole.
readywerx 2 years ago 15