Jobs, global economy, SBA loans, stimulus, GI bill

Schiff Report Video Blog Sept. 3rd 2010

Category:

News & Politics

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[twk373]

@InfomaniacJack

Just as the government can't know what the price of an iPhone should be, it can't know what the price of money should be. Politicians don't know how much money people should save, how much they should invest, and how much they should spend. Because there is no "should." The only "should" is that people should be free to make their own decisions.

[SilentNoMorePubs]

Which is more important, speculating on when the Titanic will sink, or getting off the ship? Highly recommend watching the YouTube video WHY WE ARE IN SO MUCH DEBT. It provides the simplest and clearest explanation yet of why our money is robbing us of prosperity.

[TWSceptic]

King of economics... 'nough said. Not going to lose time with this idiot.

[ytgv3fc7]

@twk373 I saved up in gold & quit. I will not work for any employer that pays too little. I am the employee and it is my business to say if the wages are too low. I have and it is always my business. You can never stop it from being my business: it is always my business at all times no matter what.

[ytgv3fc7]

@TWSceptic I am the King of economics. Wages are too low by promising less than inflation in raises & lower by promising pensions which are never to be paid. Supply & Demand are distorted using fraud. This is slavery.

[TWSceptic]

@ytgv3fc7 Right, because there are no idiots in Canada. You uneducated simpleton.

[TWSceptic]

@ytgv3fc7 Wages can't possibly be too low when they are payed. because it requires someone to accept the wage. This is simply supply and demand. Slavery has northing to do with this. You are completely ignorant of economics.

[MrWarrenross]

Peter Schiff on Fox about wages Let them eat cake: ." [The minimum wage] keeps people poor. [It] does is says that if a person that has very little skills, and generally they're young or they're poor, you can't hire them unless they can produce $7.25 worth of value, but it's not just that. It also has to compensate you for all the mandatory benefits and taxes ...And people that have no skills, it's not just worth it to hire them -- maybe $3 or $4 an hour, if that's what they're worth".

[ytgv3fc7]

@twk373 "and people voluntarily avoid being defrauded"

No they don't. People are volunteering all day every day to be defrauded. Only a very small % are refusing to take a risk or believe a pitch. A few more are being told and holding off, never quite sure but a little cautious. the rest jump right in & demand their money to be stolen in what is obvious to the smarter people but then act surprised when they get robbed just as everyone told them would happen.

[ytgv3fc7]

@twk373 the only way to prosper as a fraudster long-term is to have a free market. Free markets can't let anyone sue anyone and turn to 100% fraud without a controlling mechanism. Like execution. Confiscation. Kidnapping. Having "laws" is just turning to the state for violence which merely encourages their executive-corruption. Same for courts. There's no way out: free markets promote fraud. Stomping down fraud requires destroying the free market.

[ytgv3fc7]

@twk373 nothing is illegal in free economies, just priced differently. Free markets regulate nothing. If someone defrauds you that's the new price: something for nothing. It stops when the market wakes up & refuses that price. In a managed economy there are laws. Something-for-nothing fraud is worse than inflation, it is easily happening in free markets. That's why we need anti-fraud, anti-freemarket principles. OR that you have NO RECOURSE ever for fraud. One MUST be chosen.

[mrchiefofsinners]

Put your faith in Christ not politicians.