Peter Schiff @ #OccupyWallStreet
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All Comments (270)
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@MrsCeeBeeBee We might not have hyperinflation yet but his fear is if the fed makes all the wrong moves in the coming years we could potentially have that. However inflation is still pretty bad right now, there was a group that calculated inflation using the old CBI method before it was overhauled in the late 90's and it showed close to 10% a year the last several years and a 50% lose of value since around 2007.
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@FaTaL305 Agree with everything here, and they blindly call blasphemy.
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Man, I love Schiff. I'd love to walk through Occupy along side of him and help him spread the truth. I wholeheartedly agree with the facts this man is putting out. There need to be more educated protesters learning what he knows and preaching it! Unfortunately, from what I've observed, there are a lot of Protesters who become discouraged from re-grouping with the general assembly after they've studied these facts on their own, or learned them through him. Simply because OWS generally doesn't
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I have a question. Please someone give me an educated response. I 100% support Peter Schiff and Ron Paul's ideas. Ok if we let the banks fail and didn't bail them out like we should have. What happens to the people paying mortgages to banks that fail? Do they hold off on their house payments and continue paying it later, or are they granted a free house? What should be the policy towards student loan debt? Should they be granted with it since the money to fund all this didn't legally exist??
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Schiff knows his stuff... good guy
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What an ass. Isn't this the same guy who's been screaming about hyperinflation for the last four years?
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@andrewf0784 I have noticed many down there like this young man, who WANT and NEED to keep the topic to coporations with NO names at all. Its as if they have been told like soldiers NOT to mention the Federal Reserve. They NEED to keep blaming politicians and companies, because if they didnt, everything they learned at universities would be meaningless.
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But what he's REALLY saying is no matter how addicted to booze & craving for it that patron is, that it is NOT possible to let him get too drunk without central banks like the Fed. Reserve, because the patron can't get free handouts, particularly: *He CAN'T get a free hand out after he's been a really bad boy.
Also what Peter's saying is that although he's succeeded, his wealth is NOT just sitting under a mattress being horded. It's out invested in an open economy helping OTHERS
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If you understand Austrian School economics, Peter is not actually talking about just raising interest rates per se. What he is really talking about is the *artificial manipulation of interest rates which is ONLY possible when there are centralized banks like the Fed
What he's saying is that the Fed is keeping them *artificially low right now. HOWEVER, sometimes the Fed artificially props interest rates too HIGH like in the late 70's, and at such a time he'd say they're too high.
Schiff is the man! I never see him on TV anymore... I wonder why?? They used to put 4 people on him and he'd still win the debate convincingly/easily. He exposed them all for the fools and tools they were from Mr. Laffer (It will be a soft landing; we have a very STRONG economy) LMAO! .. to the talking Muppet Heads who wished they could be actors but ended up on CNN, FOX, etc. instead!
spokewhilehecould 4 months ago 41
Stupid liberal fuck didn't even have a response. Damn leftists piss me off
andrewf0784 4 months ago 8