Peter Schiff on Austailian TV dated November 8th, 2009
Peter Schiff – Australian TV – Part 1
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Peter Schiff on Austailian TV dated November 8th, 2009
Peter Fucking Smoked Her!
Pwnage
@shouldlistentoronpau You must not have been watching much TV!
hahaha she is soooo annoying
debt that cant be paid back to other countries starts wars.
The American people voted against the bailouts!!! George Bush was able to get the bailout money because they went to overseas entities. They lent the USA the money. If those institutions had failed, the whole world would have lost while the American people could just sit back and be irresponsible. Peter Schiff is stupid and dangerous and would start a world war. That’s how it happen. When people lose everything.
STARVE THE BEAST!
Wall Street is a rigged system of lies to steal your money.
Goldman, JPMChase, MorganStanley, CIT, BOA, AIG: frauds.
The Fed and US Govt economic data: frauds
Bonds and OTC derivative: total frauds
Comex naked gold/silver futures contracts: frauds.
(these futures contracts are worthless paper backed by nothing)
Don’t get screwed folks, stay away from these wicked thieves.
Own physical (in your hands) gold and silver bullion.
STARVE THE BEAST!
Peace and Be Save.
Sindyr1974 (— I agree he is right , He speaks true economic theory ,,,
But his theory in real life means , Bank of A. , Citi ,Chase , etc .. would not exist , and with that all the money forigners invested in USA , that would send a shock wave , throught the world , DO not LEND USA money … and That is the real situation behind Bailouts .. of major financial institutions.
You don’t understand that the money keeping these dead in the water companies going is borrowed or taxed. It is a zero sum game where it has to fail anyway, either now, or much worse and burdened by more tax and debt later, and with a devalued or worthless dollar from printing money to pay for these failed enterprises. Schiff is EXACTLY right that to deal with it now is better. Printing and borrowing to get out of debt never works, it just leads to the eventual much worse crash.
edmack4me — USA reminds me of a family which is spending money on credit , buying 60″ flat screen TV’s , vacations, cars borrowing all this money ,,, They do all of this knowing that they inherited grandmas savings account, and they will pay it when grandma dies. Grandma lives , and pay back comes , all of a sudden they can not spend anything , they have to make payments. THAT is just Stupid.
@aviomaster Yes, they have their heads in the sand.
audiohi — IF you put Peter Shiff’s economical idea millions of people would loose jobs ,, But HOW to explain to millions and millions of Americans who lost their jobs …
Under Peter Shiff economy would be in a FREE FALL for maybe 1-2 years , but than it would STOP , and many many Americans would be living like people in some 3rd world country.
youre so wrong its funny
Optimism is what economy needs in thiese bad times …
Peter Shifff is right ,,, on many things , but his approach would not work eather ..
when did we elect harry potter’s sister into congress??? Who is this retard?!
that woman is a nut in dreamland
Whose the stupid BITCH with the BAD HAIR? She is clearly an imbecile and she is rambling. “Peter don’t say that!!!” WTF! What is he 40 something, she’s speaking to him as if he were a child. If she were not so damn verbose maybe she would learn something.
debt,
Iknow the Feds are the government’s banker. I was simply giving you an example which countries they borrow from. They should not be borrowing from anyone. The Federal Reserve should be abolished because it is an unconstitutional banking cartel that was set up illegally in 1913. There should be no stimulus packages or bailouts for anyone, Wall Street or mainstreet.
and by the way, Peter is no crackhead. He makes money for his clients. The crackhead is that closet socialist whore.
who is this woman?? wtf
I guess you know nothing about economics… US government borrow money from Federal Reserve, which print dollar. why should US government borrow from Federal REserve plus interest? why don’t they print their own money and loan it to productive economy, not paper financials…?
debt,
apparently, you don’t know too much. The US gov already borrows money, and a lot of it from China, Japan, Saudi Arabia, and any other country foolish enough to lend. The money lent to this country goes to spending and consumption, and that it. The government has no productivity of any sort. All it can do is borrow, tax, and take away money to spend.
US is bankrupt, dollar will decline, Bernanke will keep printing money. Gold WILL GO UP! US will keep investing money in oil eg. Caspian Sea to build pipelines through Afghanistan and Pakistan! US has destroyed other countries now it’s their own turn to get fudged!
who said US government is gonna borrow money? and whom do US government borrow money from?
You cant fix the problem of borrowing and spending beyond your means, with more borrowing and spending.
Just as if you have a credit card maxed out, paying it off with another credit card isnt fixing the problem. The problem is that you were spending too much in the first place, and should stop in order to gain capital.
The US needs to stop spending, not borrow money so it can spend even more. What kind of public investments are you refering to that would be productive by any means?
no that wasn’t her point. you can have stimulus but not for wall street, government should take the money and give it to main streett and make public investment, not financial paper investment…
She thinks stimulus was not big enough, WOW
I didn’t know people could be that stupid.