The Economy is failing on the verge of collapse, Peter Schiff was right

[Enayze]

Peter Schiff and an economist and an advisor to several top firms. He ran for senator of Connecticut this past year but unsuccessful in his run, mainly due to lack of funds.
However he is known through the community as a very realistic man on matters dealing with the economy. Several videos on youtube are posted which says "Peter Schiff was right" when he debated several key people over the years.









Heres the link to Schiffs youtube channel where he basically keeps you updated every week on what is going on in the world economically. Things that more people need to pay attention to then NFL football.

http://www.youtube.com/user/schiffreport?blend=1&ob=4

[Bastian Loc]

He was right as were a lot of others, but his solutions of imposing austerity and genocidal cuts are repulsive and should be rejected.

There is no place in America for Austrian crackwhore economics.

[Enayze]

He was right as were a lot of others, but his solutions of imposing austerity and genocidal cuts are repulsive and should be rejected.

There is no place in America for Austrian crackwhore economics.

Thats ridiculous, give another couple of years and austerity will naturally become a reality, and their wont be such a thing as cuts, because no one will have anymore money to pay taxes.

[Bastian Loc]

Thats ridiculous, give another couple of years and austerity will naturally become a reality, and their wont be such a thing as cuts, because no one will have anymore money to pay taxes.

It doesn't need to be a reality, this is a capitulation to the will of the zombie bankers. The Fed currently gives its preferred cartel member banks 0% interest lending and keeps them afloat in perpetuity.

Where is their austerity?

It makes no sense that the people should pay the price and make the sacrifices for a problem created by finance oligarchs.

Make the banks pay.

[Enayze]

It doesn't need to be a reality, this is a capitulation to the will of the zombie bankers. The Fed currently gives its preferred cartel member banks 0% interest lending and keeps them afloat in perpetuity.

Where is their austerity?

It makes no sense that the people should pay the price and make the sacrifices for a problem created by finance oligarchs.

Make the banks pay.

With what money? The same monopoly money that they printed in the first place that put the country in this crisis? Their money has no worth they created this problem and should actually all be imprisoned the ones responsible. As for the economy it needs to resort back to production.

[Bastian Loc]

With what money? The same monopoly money that they printed in the first place that put the country in this crisis? Their money has no worth they created this problem and should actually all be imprisoned the ones responsible. As for the economy it needs to resort back to production.

Tax all their turnover and speculation. They currently pay no taxes.

Use that money to put back into capital goods production, then create a new deal type situation where you rebuild and modernize the entire infrastructure of the u.s

1)the highway system which is totally dilapidated.
2) the water and sewage system which is also on the verge of collapse
3) build a nationwide mag lev train system.
a. it would put millions to work, alleviate the need for oil, and modernize the transit system.

Just some easy things to do if our government wasn't run by greedy rat fink bankers who wanna turn the U.S into a 3rd world banana republic and impede any progress.

Their solution is Dickensian austerity.

[squealpiggy]

Peter Schiff and an economist and an advisor to several top firms. He ran for senator of Connecticut this past year but unsuccessful in his run, mainly due to lack of funds.
However he is known through the community as a very realistic man on matters dealing with the economy. Several videos on youtube are posted which says "Peter Schiff was right" when he debated several key people over the years.









Heres the link to Schiffs youtube channel where he basically keeps you updated every week on what is going on in the world economically. Things that more people need to pay attention to then NFL football.

http://www.youtube.com/user/schiffreport?blend=1&ob=4

Let me get this straight - a guy who has spent the last ten years predicting an economic downturn is now claiming to be right for predicting an economic downturn?

OK. I'm predicting an economic recovery. I know it will happen because they always happen. And then I'm predicting another downturn. By jove, I might just be right!

[Pu$$yKiller]

Money isn't even money.

Why?

Because it's all numbers in your bank account.

*How a bailout package works***

It is a slow day in a damp little Irish town. The rain is beating down and
the streets are deserted. Times are tough, everybody is in debt and
everybody lives on credit.


On this particular day a rich German tourist is driving through the town,
stops at the local hotel and lays a €100 note on the desk, telling the
hotel owner he wants to inspect the rooms upstairs in order to pick one to
spend the night. The owner gives him some keys and, as soon as the visitor
has walked upstairs, the hotelier grabs the note and runs next door to pay
his debt to the butcher.

The butcher takes the note and runs down the street to repay his debt to the
pig farmer. The pig farmer takes the note and heads off to pay his bill at the
supplier of feed and fuel. The guy at the Farmers' Co-op takes the note and

runs to pay his drinks bill at the pub.


The publican slips the money along to the local prostitute drinking at the
bar, who has also been facing hard times and has had to offer him "services"
on credit. The hooker then rushes to the hotel and pays off her room bill to the
hotel owner with the same note. The hotel proprietor then places the note back on the counter so the
rich traveller will not suspect anything.

At that moment the traveller comes down the stairs, picks up the note, states that the rooms are not satisfactory, pockets the money and leaves town.

No one produced anything. No one earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism.

*And that, ladies and gentlemen, is how a bailout package works.*

[- v e t -]

schiff is on point

naysayers only have ignorance on their side

[- v e t -]