Peter Schiff 4/18/09 - CNN Your Money

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Uploaded by on Apr 22, 2009

Peter says that the U.S. is currently in 1931 or 1932 of the Great Depression. He states that production and savings get the economy going, not going into debt trillions of dollars like Bush and Obama have done.

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  • Roland, capitalism and consumerism is NOT the same thing, moron. Why are you on this show? Who are you? You ARE an economic ignoramous, I know that much. Capitalism is saving money, then investing that savings in capital improvements to a business (or starting one), and then producing something at a lower cost, higher quality than any competitor. It is not necessary that citizens become super consumers for a capitalist to succeed.

  • Roland Martin is an idiot and his people are among those who are hurt the worst by the economic policies he promotes.

  • sexydarin1 didn't say she wants to live in a minority neighborhood. how is that relevant, and how does it represent racism? i would rather live in a neighborhood among people that are more like me--so would anyone. that's not racist it's normal, in all places and times over the course of history.

  • Schiff is the only here that knows whats going on

  • Any President of the United States Present or future or Congress has No Business in the peoples Business, their ONLY ROLE is to ensure the "Protection" of it's citizens through services of millitary and localized Policing, and Maintenence of the Courts Systems.....NOTHING ELSE !!!

  • Lol if saving and production can't build a strong economy then explain how the fuck China, Japan became superpowers in decades? and how did the US became the superpower after the 2 WWs? that black dude is fucking retarded, he has no economic knowledge what so ever, he still thinks the US economy is all about spending spending spending... fuckard.

  • I meant utter. Ha!

  • Wow. Just udder stupidity from everyone but Schiff.

  • Roland Martin doesn't understand economics at all and its pretty obvious. So, I guess I wouldn't listen to him. He is also a blindly loyal Obama worshiper.

  • PETER OWNED ROLAND

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