Peter Schiff Speech - Peter Schiff Explains Economy - Peter Schiff Predictions
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"Unfortunately just like 1976, a true economic recovery is not just around the corner. More likely we are in the eye of an economic storm that will blow much harder than the stagflation winds of the Jimmy Carter years. And once again the establishment is using the decline it the price of gold to validate its misguided policies and discredit its critics. But none of the problems that led me and other modern day gold bugs to buy gold ten years ago have been solved. In fact, monetary and fiscal policies have actually made them much worse. The sad truth is that as bad as things were back in 1976, they are much worse now. Whether as a nation we will be able to rise to the occasion, and actually finish the job that Ronald Reagan and Paul Volcker started remains to be seen. If you liked this video please make a comment and subscribe to our channel where you can see many more peter schiff Videos such as: Peter Schiff Money Causes Economic Crises https://www.youtube.com/watch?v=LnROuz3mzoY
Comments
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So is lowering interest rates a good thing or a bad thing?
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Brilliant.
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Schiff is buzzing here lol
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Socialism will die in every part of the world probably all at once. It only 'works' now in oil rich Norway. Aside from that curiosity all the rest are 'thriving' on borrowing. The central feature of today's world economy is the dollar. It will be supported by every country on the planet but will fail anyway...math and stuff.....
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Apparently, Peter becomes smarter and more interesting the more blitzed he gets.
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Foolishly anti-communist. hahahaha
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Peter, you are the most brilliant arguer for the faults and problems of "government". I, like everyone, cannot come up with an argument to deny your truth. However, I never hear you address the similar problems we have with non-governmental entities. For instance, the shareholders in the central banks, the many powerful elite who meet in secret to determine the direction of life on this planet, the "black" military operations. None of these things are forms of government, and all of these things are very problematic to freedom. Will you ever adress these matters publicly?
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"Enjoyed every bit of your blog article.Really looking forward to read more. Really Cool."
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It now costs $2,350 to renounce US citizenship... Building a wall to keep us in not keep illegals out. Peter Schiff understands too much
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Cost of the form is now $2350
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I am sorry I watched this video up to :50 min and I can't take the bullshit. I guess the people who are listening are dumbasses if they paid to listen to this shit.
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HE calls deficit spending inflationary. That's pretty much incorrect. So I can't believe he knows what the hell he's talking about.
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Peter sounds like he had a few cocktails between the 5 o'clock speech and the 8 o'clock speech.
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If Warren Buffet is using the money he earns to build up the economy and expanding his business and pays himself 500k a year and than says he wants greater taxes he is basically saying he want's the ones (like Peter) from squandering money and making the market stagnant. Freezing money in turn freezes credit and causes economic meltdown. Peter just gave himself away with that one. What's Peters argument? Buffet is a liar...he doesn't want to pay higher taxes. He should just write a check to the government. Really you people buy this guy? Nobody in their sane mind would give money away arbitrarily to the government, yeah just write a check to them. Give people rights to give money away because we have seen that greedy people do that in history, what a joke. This guys an absolute idiot. All the crashes we experienced were caused by banks loaning more and more money into the market and not enough into actual venture capitalism which generates the money.
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this is one of the greatest videos I've ever seen
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they should have been feeding him drinks while he was talking
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the big flaw in the buy gold call is that gold prices themselves have been inflated due to fearmongering like this. so gold will increase in value vs currencies but the price of gold is still already too high
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in the uk if you want to get round the hireing problem with all the regulations you just hire self employed people and they sort there own taxes out!!!
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the system we have now is the natural outcome of a free market society, because every economic subject that gained a certain amount of power, will use its power to consolidate and preserve its economic status which automatically means that it has to minimise competition. in the final state you have monopolistic mega companies that dictate the government how to rule the country. capitalism has the natural tendency to minimise competition and thereby it destroys its own foundation. otherwise we wouldn't need a cartel office.
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how can you make sure that a rich person invests his money in his own country? money isn't bound to any national boundaries, hence it will be quite difficult to make the trickle down effect work on a national scope. this is especially the case in 3rd world countries, because all luxury goods that a rich person can consume are produced in wealthy industrial countries.
another problem is that people who want to become entrepreneurs never know if they really create value, because hard work isn't equal to economic value and economic value isn't equal to humanistic value. people don't know the inventors of the life support machine, but everyone knows hugh hefner.
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