Peter Schiff: Ruined economy, artificial dependency
Sunday, October 23rd, 2011 at
1:44 am
RT talks to Peter Schiff, president at Euro Pacific Capital about the state of economy in US. RT on Twitter twitter.com RT on Facebook www.facebook.com
Tags: food stamps, peter schiff video blog, economic crisis, rt, us, interview, america
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@flyermay Strawman argument is a strawman.
@poindexterwitkowsky
Lol the UPS is bankrupt and we should not redirect capital to prop a bankrupt company. However both parties are a disaster and are doing things to undermine the economy regardless as to what happens to UPS..
~~~^~^~^^~In 2006 REPUBLICAN legislators mandated that the U.S. Postal Service(USPS) begin a 10 yr process of pre-paying all health & retirement benefits for all employees it may hire up to 75 yrs from now! THE GOAL: To create the ILLUSION that USPS, a NON tax payer funded profit making agency, is on the verge of FINANCIAL COLLAPSE! REPUBLICANS want to BREAK THE POSTAL UNION, lay off 125,000 AMERICANS & PRIVATIZE USPS . ~~~^^~ REPUBLICAN RACKETEERING & GREED ARE DESTROYING AMERICA! !!!!!!!
Wages must fall if were producing less. Effective wages will also fall as the govt inflates the $. The solution is eliminate regulations, not add more. Eliminate, not reduce. Reducing just gets rid of the band-aid regs put in place to fix the problems the 1st layers of regs created
Peter is a Populist
Mark Whalberg = awesome.
@dffykvn well i think u are mixing capitalism with corportism and they are two different things. china as a communist state has little to do with capitalism and more to do with corporatism. capitalism means sound money and free markets were competition stands central. govrt distorts the free market by creating monopolies( (Fed reserve, too big to fail... etc)
@lmola501 That's why we love RT in the west... our channels don't dare say such things.
i'm going into cash. selling 50% of my gold/silver. the next crash will crash all assets again, while dollar due to liquidity and need of credit will go up. especially with a dead Euro. where else u gonna go for safety?
i'm going into cash. selling 50% of my gold/silver. the next crash will crash all assets again, while dollar due to liquidity and need of credit will go up. especially with a dead Euro. where else u gonna go for safety?
i'm going into cash. selling 50% of my gold/silver. the next crash will crash all assets again, while dollar due to liquidity and need of credit will go up. especially with a dead Euro. where else u gonna go for safety?
@Science35
The ME 262 was superior in it's class. Years ago, I was hired to wrap up the estate of a aeronatic pioneer.
I found a photo of the ME 262 being reverse engineered in a hanger in San Bernardino, CA, then SAMABA, Later Norton AFB, now closed.
The photo was dated August 1944.
These Obama rants are sophomoric and irrelevant. The easiest analogy I can make for why the economy has not bounced back after the 2007 crash is... Say you are a gambler and you borrow all the money you will make in the future so that you can bet it on a sure thing and then you lose. You don't rebound a week later and get to start gambling again. You are a now a big loser with no money. If you want to fix the economy get rid of losers like this Peter Schiff who feel entitled to make easy $.
@science35 your the guy who choses to believe that we would be speaking german if the U.S. didnt enter the war. I just called out your b.s. Thats the official govn talking point. I have been referenced by no one. could care less. Not patting myslef on the back, just stating facts, and correcting what I consider to be propaganda inspired rhetoric.When did the war start? when did we get in? thats right. unofficially '42. but our main push started in June '44. Years after the thing had started.
@Science35 why would I mention the ME 262? They lost. We got their technology. Wiki rating? Never said that it was a great source of info, just the truth as its got to go through the scrutinay of many. Wiki was only for a reference to where we really stood, as opposed to the propaganda we choose to give out to people. You may be a great Dr. That had nothing to do with what I said, absolutely nothing. The books I am promoting, show the real side of our intent.
If you are a truth seeker, search "Truth Contest" in Google and click on the 1st result, then open The Present and read what it says. Everyone needs to see this. The Present will turn this world right-side up if it reaches enough people. You will see what I mean when you read the first page.
@huskerbird1 Tickled you chose to ‘correct’ me. “Go read a book,” amusing considering my background. I never claimed Russia wasn’t important in WWII? Your assumptions. Not only am I well read, I have also been published in Medical/Scientific Journals. You failed to mention the superiority of the me 262? Propaganda? RT is nothing more than an anti-West propaganda channel. Thanks for the history lesson though, ‘buddy’? ‘The U.S. played a negligible role in WWII,’ Lol. BTW, Wiki is for amateurs
Peter Schiff is a modern day Founding Father. We need Peter Schiff as Treasury Secretary, Ron Paul the Pres. and Jesse Ventura the Vice President. Until this happens the former United States of America is dead in my eyes. I already left the country and diversified entirely out of the Federal Reserve as ''Federal'' as Federal Express Dollar. Owebama is just as much a terrorist as Bush (who had 9-11 committed) except he has a black face. The country is finished. Stick a fork in it.
Big government is being used as a scapegoat to cut the remaining social programs helping the devastated poor and middle class. I heard a lot of Obama bashing, and for the most part have to agree. I did not hear one word about the Republicans role in this mess. Corporate influence (Corporate Personhood) of our government is the crime of the century. Deregulation and a deregulated Wall Street has allowed them to rape our planet for all its worth. More deregulation will bring more of the same.
@GusBariga You know that I was talking about the rich reducing our wages to 10 cents an hour to compete with foreign slave labor
Chinese workers in foxconn know that they're being poisoned but work there anyway
Your vision of america is filled with cancer, suicide netting and misery
thanks to our progressive left, union controlled public school system our youth are 'dumbed down' & have no understanding of the very document that would prevent this current mess& keep factions& big money on an even playing field with common voters. US Constitution was composed by ex-Europeans. Why do we now want to follow European Monarchical rule, progressive failed thinking& continue to give up hard fought for rights? Think Czars 'deeming' law & the Fed (private) controlling our currency
In addition social safety net and Health care is unsustainable in Europe as well as in US, because every Employee gets more benefits than he paid in taxes during his working lifetime. The only way to keep it from breaking is to have more new employees coming into the labor market so their extra tax payment would make up the difference between the taxes and extra unpaid benefit old employ gets. But we know that Europe and US aging.
@flyermay
You talk about Schiff? Fascist? He is Jewish. Poor? He has close to 100 million. But at the end he is right. The problem is that US, Europe had shifted manufacturing base into Asia, Latin America, but people still continued to consume these things. So in order to allow it to happen country were forced to borrow in international markets to buy foreign currency and buy that stuff.