11/20/2008 Part 1/2 Peter Schiff On Campbell Brown: Market Plummets
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Duration : 0:5:56
25 Responses to “11/20/2008 Part 1/2 Peter Schiff On Campbell Brown: Market Plummets”
Why was my comment …
Why was my comment given 5 thumbs down?
Anyone who claims the government is doing the right thing needs to take a Economics class in order to see through all these malicious lies.
Comment made on May 29th, 2009 at 7:42 amyeah and you wanna …
Comment made on May 29th, 2009 at 7:42 amyeah and you wanna know why there are so many poor people. Ok the minimum wage in my state last year was around $5. In 1971 when we went off the gold standard, adjusted for inflation, the minimum wage was at $9.50. Then we got off the gold standard and the dollar plummeted and is dropping year after year because we can not stop printing money.
are you kidding me? …
Comment made on May 29th, 2009 at 7:42 amare you kidding me? the minimum wage is a joke in America - you’ve got fatcat fiscal losers pocketing billions of dollars and wandering off to Palm islands in Dubai and your ing and moaning about an autoworker getting $x an hour. The facts are even if you pay americans so little they can’t afford to eat or clothe themselves there will still be someone overseas who’ll do that work for less.
I think the For …
Comment made on May 29th, 2009 at 7:42 amI think the For union auto workers finally woke up and saw what the union over at GM was doing to their future.
Strong unions are …
Comment made on May 29th, 2009 at 7:42 amStrong unions are good for the economy? Hahahahaha! How precious.
if you are not …
Comment made on May 29th, 2009 at 7:42 amif you are not educated in economics you have no valid argument to provide.
When wages are …
When wages are increased “artificially” that is by government fiat, inflation occurs. Why? A large group is receiving more wealth than they are generating.
If an employer can afford to pay someone $25/hr they will. Why? Because if they don’t another auto company, like a non-entrenched union Japanese plant, will build cheaper cars. They’re cheaper because the workers aren’t being paid $25/hr to change tires on an embly line.
Labor Unions DESTROY ECONOMIES - PERIOD
Comment made on May 29th, 2009 at 7:42 amUnions destroy the …
Unions destroy the middle-class. They were DESIGNED to destroy the middle-class. The idea of unions goes back to the central-planning and Socialist/Communist Progressive Movement. Otto Von Bismark wanted Germans to become dependent upon the state, hence the term Welfare State was proudly created.
Unions invariably increase the cost of production by receiving over-inflated wages through government protection and intervention.
Comment made on May 29th, 2009 at 7:42 amIf you want more …
Comment made on May 29th, 2009 at 7:42 amIf you want more Peter Schiff videos, articles and his weekly podcast, check out Peter-Schiff . com, which is all on one page.
Unions are not the …
Comment made on May 29th, 2009 at 7:42 amUnions are not the problem. In Germany where every auto-job is unionized workers make 3-times more than the US auto workers. German cars are selling like cupcakes. In fact German auto workers are the biggest buyers of their own factory’s cars, because a.) they can afford them, and b.) they are proud of what they make. But, its true, VW CEO doesn’t put 25 million Euros into his own pocket. And thats also because of the Union.
Gold is a suckers …
Comment made on May 29th, 2009 at 7:42 amGold is a suckers bet at current prices.
It doesn’t get any …
Comment made on May 29th, 2009 at 7:42 amIt doesn’t get any “Bigger Picture” than Peter Schiff!
I NEED SOMEONE TO …
I NEED SOMEONE TO TALK TO
hi anyone want to chat Hw
Comment made on May 29th, 2009 at 7:42 amI NEED SOMEONE TO …
I NEED SOMEONE TO TALK TO
im bored on cam ZJ
Comment made on May 29th, 2009 at 7:42 ameveryone should …
Comment made on May 29th, 2009 at 7:42 ameveryone should really check this out right about now silversnowballdotcom/1088
I have bought gold, …
Comment made on May 29th, 2009 at 7:42 amI have bought gold, and commodities long before Mr Schiff ever showed up on CNBC. I don’t invest in Asia, I consider it treasonous to build China’s infrastructure. They are communist and have no plans of changing their political ideology. They just got a gift from Mr. Clinton, and Bush Sr. by giving them MFN. All those intent on exploiting cheap Mexican labor, made a b-line for China with their 1.2 billon labor force. We have the economic mess today, because of that unpatriotic greed.
My freeloading …
Comment made on May 29th, 2009 at 7:42 amMy freeloading friends; my friends are hard working americans, who through no fault of their own have had their livleyhood jurked out from under them, by a manipulative government owned by their corperate masters. Their ancient goal is to produce a global plantation for themselves. We didn’t send jobs overseas, your types did. In the past, few years government has attempted to do what common decency, kindness, and patriotism had taken care of, in previous generations.
As for the dollar, …
Comment made on May 29th, 2009 at 7:42 amAs for the dollar, I don’t keep any money in cash — buy gold, commodities, stocks in Asian markets, etc. because it’s not a matter of “if,” but “when” the dollar collapses. Use its little purchasing power while it still has some, and buy something of real worth. And I don’t think the smart “should” exploit the dumb, etc, but I don’t see how it could ever be different — historically, it never has. Attempting to artificially level the playing field creates the problems we see today.
Well I’ll be ed …
Comment made on May 29th, 2009 at 7:42 amWell I’ll be ed — on this, we agree. I also voted for Chuck Baldwin and completely agree with your idea of tariffs paying for government. But what we have in America is not a true free market, it’s really corporatism. Corporations aren’t the real problem here, corrupt government supporting (and rewarding) corrupt corporations are the problem. We’ve sent cheap jobs overseas and are now only the consumers of the world — but like your freeloading friends, consumers eventually get cut off.
Hay: any of those …
Comment made on May 29th, 2009 at 7:42 amHay: any of those IOUs you consider worthless I will be more than happy to take them off your hands. The reason we don’t have the means to produce anything, is because our industry has been exported to cheap third world unregulated labor markets. The collapsed economy, we have today was caused by replacing 20hr. jobs with 10hr. jobs. Our whole economy is deflating because folks don’t have jobs, or the job don’t pay a living wage. It’s human nature they will look to government for support.
I believe you are …
Comment made on May 29th, 2009 at 7:42 amI believe you are saying the rich should always exploit the poor. The intelligent should always exploit the less intelligent. The strong should always exploit the weak. I continue to tell you the Free Market doesn’t exist, it never will untill Nation States cease to be. Wages would have to be equalized globally, and that cannot happen with Asia having such a massive work force. I voted for the Constitutional Party candidate, tariffs are completely constitutional, they should pay for government.
By the way, of …
Comment made on May 29th, 2009 at 7:42 amBy the way, of course I’m not endorsing communism. In fact, I support the hest thing from it (Libertarianism). But, at least China’s communistic society has its economic policies more on track than ours. The US government’s meddling in the free market will be the downfall of this great nation.
But you’re …
Comment made on May 29th, 2009 at 7:42 amBut you’re delusional — we’re NOT important to the Chinese market because even though we represent the largest recipient of their exports, we pay them back with PHONY MONEY that’s not worth anything. We’re essentially buying all of their stuff with IOU’s, but we no longer have the means to produce anything (export) to pay them back. Plus, once Messiah Obama decides to spend even more money, watch the value of the dollar drop to nothing…
Really? What is it? …
Comment made on May 29th, 2009 at 7:42 amReally? What is it? And of course you didn’t have me teaching you — you wouldn’t be such an idiot of that were the case. Of course, maybe it would, but it certainly wouldn’t have hurt.
That will never …
Comment made on May 29th, 2009 at 7:42 amThat will never happen, we are China’s largest export market. All we need is a tariff, and China is a cooked duck. If we can spend 4 trillion bailing out the banks, China dumping our dollars would just be a glitch on the screen. A healthy tariff, and Multinational Corperations will bail out of China, and come sucking up to the good ole U.S.A. again.
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