Peter Schiff vs Obama's Stimulus Plan 12/08/2008
by david on Sunday, December 18th, 2011 | 50 Comments
jim.com To better understand why Barrack Obama's stimulus plan won't create new jobs without destroying others click on the link above. Peter is a follower of the Austrian School of economics, to learn more please visit www.mises.org or go to Ron Paul's Campaign for Liberty http .
Living independently is my plan what's yours.
Video Rating: 4 / 5
Just watched, Peter was so right.
this woman was smart and was being respectful and probably playing devil's advocate. don't know why so much hate toward her..
"The stimulus only stimulated Chris Matthews' leg." —Congress of Racial Equality National Spokesman Niger Innis to Sean Hannity, Aug. 18, 2011
@trueconservatie33 that's what I've been reading too. It seems only too obvious-massive inflation already because of stimulus and QE's, a stagnant economy, high taxes, a debt crisis, interest rates at near zero-they are going to have to raise rates soon. The bernanke admitted QE's failed. I read that the Fed might be purposely devaluing our currency so we don't actually repay the debt to China based on what it was worth when we borrowed it. We are exporting inflation.
@tigerhop yeah liberals failed to realize that unemployment never went below 10 percent under FDR's massive spending,and back then most of our debts are owed to our own citizens, but now its owed to China, Japan and Arab nations. We cant tax this problem, and we cant raise the interest rate, there will be hyperinflation like anything we havent seen before
The car companies still owe the American taxpayer 14billion dollars. Union workers got off scot free while the rest of us get our money stolen by the government.
This woman thinks government forcing a car company to create green cars will solve the problem for the car companies. Problem is, only a very small percentage of their sales are for "energy efficient" vehicles. F150 is still the most popular car in the US. This woman doesn't understand how the free market fixes things better than government.
Peter teaches another ignoramus. This is how socialism grows- with ignoramuses in our media, education, and government sectors.
@trueconservatie33 I am very concerned too. Keynsianism has proven once again that it doesn't work. My hope is that the Republicans will recognize the ball is in their court. If they don't do anything, then the government will be forced to balance it's check book. If the debt ceiling isn't raised, they can't spend any more money. So what, we don't pay our creditors off for a little while longer. Everyone already knows the US dollar is being propped up. I hope Obama doesn't veto debt limit.
@tigerhop im afraid the worse is to come, dollar will collapse and that will lead to a bond crisis, theres already inflation right now. There will be hyperinflation, massive layoff, and im afraid violence
SOCIALISM is EVERYWHERE in this country. This woman is obviously economically ignorant and spoon fed by the government education system. she can only see what is in front of her, not what COULD happen if you LET the market function.I HATE THE MEDIA TOO!!!! Those statist ignoramuses!!!!!!!!!!!!!!!!!
SOCIALISM is EVERYWHERE in this country. This woman is obviously economically ignorant and spoon fed by the government education system. she can only see what is in front of her, not what COULD happen if you LET the market function.
6.7% was the unemployment rate before the stimulus. They'd hold a ticker-tape parade is it dropped down to that level in a year from now!
@Achilles9924 Shiff isn't taken seriously by anyone over the age of 12…mentally….and deficits can't go on forever but as I always point out the year I was born..1946…deficits were at 127% of GDP ..much higher than now…yet they were paid off well before I ever hit the workforce…and we'll do the same this time as well…
@bellcord Exactly. I can't comprehend how all these pseudo-intellectuals listen to him and think he's actually making sense. Although running big huge deficits is not a good idea, the bailout was absolutely necessary. American car companies have no chance of competing with foreign cars, at least not for another decade or so. Conditions would've been far worse if it were not for the bailouts. However, the deficits and bailouts have distorted the direction to which the economy is headed.
Peter Schiff an Ecomonist ?!?..he's a hack stockbroker and gold pusher who's been preaching gloom and doom every since they threw his dad in the slammer for tax fraud…
@Truthpolice9698
Peter wasn't wrong for years, he had the foresight of what was coming. That is a big difference. And I do agree with all your other points.
Wow, the reporter had no idea what she was talking about
dumb bitch
Senator Schiff sounds damn good to me
@Truthpolice9698 what was he wrong about? greenspan offset the dot com bubble and then created the housing bubble. greenspan did act like a federal reserve chairman. what is the point of a federal reserve if not to borrow, lend and expand and contract the money supply.
Shes really wants to rape peter!
schiff 2010
Rob Simmons 2010!
Service. Reform. Vision.
The sad part about all this is that the whole of it is impossible to explain to a hot ignorant anchorwoman (or anyone else) in the allotted amount of time. The root of the problem is the Fed's monopoly on credit. Try explaining that one to someone in under seven minutes.
@foxybrown4321 "Silver will ultimately be more precious than gold."
I doubt it for the simple reason is that if it ever is, I will be ludicrously rich.
@scoobydog411
That's cool. When you do figure out you need to be in gold or want to be. Please talk to me I will tell why you should NOT buy it at that point in time.
I didnt mean to be rude. I think you are on the right track. Im not into real gold though.
@scoobydog411
"So man can be what he was born to be… Free and independent." – John F. Kennedy
u read my mind, awesome!
@scoobydog411
How are you going to spend all those dollars you get? I don't think it's as easy as it sounds.
How are you going to sell food who will trust you? I don't think it's as easy as it sounds.
How are you going to work produce a product to sell? I don't think it's as easy as it sounds.
Do you get my point?
So how are you going to spend all your gold when your ready ? I dont think it is as easy as you make it sound .
damm thats my plan. live off the land go back to our roots[-_-]
REDO
"Gold is money and nothing else." JP Morgan.
The Rothchilds know this fact more than anyone else. If they dump all their gold they dump the one thing that is portable, liquid and has been money long before their paper promises to pay nothing.
While it's true that 95% of north Americans don't think like that, 50% of the world population does know that if you can afford it, buy gold.
"Paper money always seeks its intrinsic value – zero." Voltaire
This is an absolute like death and taxes.
one thing you must take into consideration is the more of something you own which is in limited supply i.e. GOLD you can eventually manipulate the market by dumping or reducing the amount available on the open market. so one must look at who owns the most gold, then look to the Rothchilds ect. the price of gold is manipulated therefor one can never be too sure unless you are in the know !!!
I think you are doing a great job educating the average people on how to protect themselves from this "financial crisis"
Silver will ultimately be more precious than gold.
Great job…
I'm watching out for Big Brother to disagree with what I'm doing. I'm sick of the system as well and I haven't even been living outside of my parents' care and assistance. watch?v=L9jdIm7grCY
Hey, If what you say is true about what your paying for silver you should consider yourself ripped off. I have been and continue to purchase silver bullion (5, 50 & 100oz) for $2 over spot. and get it in two days or less. so when silver was $9 i purchased 400oz for $11. If you need a name let me know. he gets his silver from NASA, its what they don't use so its .9992 high grade. Already tested it.
The dollar and gold are the same in that respect they both earn no interest unless you give it to someone that can earn a return for you. The difference between gold and dollars is one can be printed the other work must be involved to produce it. With a dollar someone has to sign on the dotted line and go into debt to create it.
Hey Davincij – some good points but i think you need to differentiate between an investment strategy (i.e. investing capital to make a return – income) and a store of value (holding gold because currency is worthless). Holding Gold is NOT an investment strategy – it earns no income and so when asset prices bottom out, the smart money trf's out of gold and back into assets that produce a return. Obviously when assets are overvalued you sell them and move back into gold! Thanks for the vids!
I feel you but u wont be able to disconnect from this system. I mean the NWO is comming and right now it is really impossible to get away from all this unless u go live in the jungle sort of speak. but if u want to be with humanity then u must pay the government sad but true
good thoughts
Excellent talk. I agree completely, and I think there are a LOT of others. Maybe they're joining the movement a bit late (as their system falls apart and fails, essentially), but it's not a time for I told you so. Let's use this to move forward in the right directions.
By the way, silver's above $14.10 right now, and heading almost directly up!
Except that the quote is not correct in its entirety… It has been massaged by enthusiastic libertarians… Please do a Google search for this supposed to be Thomas J's quote and find out for yourself…
Hi there DaVinci,
Thanks as always for your thoughts. Just would like to know how you feel about PM prices from here on. James Turk just wrote that gold will only go up from here. Tough to call what will happen with the slated bond collapse but just wanted to know your call on it. Thanks
1.26 am ast
finally ..after bouncing around 943 for an hour
finds new high for the day 943.68
see if gold will push 950 now …
good luck ..we've been here before ..
noticed when british ticks spread out
moves up…hmmm.. british tight ….
later guys ..woof .
Many folks love the ego trip of "being important" via work ; I simply want assets that create income – no need for work for me – can find many things that will keep me busy – living beach side is fine with me. Work is over rated and most ppl simply are working out of necessity or they simply don't have any other options. See my documents on esnips at esnips(dot)com/user/webparadox , Briany.
evening guys
sunday night ..almost monday morning
gold 940 ..finally ..been bouncing off 935
london strong up 8… pound is weak ..
afternoon tea could be fun
with america out of game …
Gm will have problems tuesday ..
could be profitable …
take care ..
Good video. Very good point, we all should be making a plan as to when you will sell and what you will buy.
You number one goal is to figure out a plan to get out of corporate slavery and to insure that you do not stop trying until you die.
With out a plan the dream is just that, a dream.