3/25/2009 Peter Schiff On Morning Joe: Dr. Doom, The Man Who Predicted The Crisis
Posted by admin in Finance Monday, 27 December 2010 22:10 25 Comments
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@DaFuckyouat
If government had no authority (i.e. followed the Constitution) to not give out freebies to said capitalists, there would be no one trying to use or bribe politicians. Why would anyone try to bribe someone who is so powerless?
Capitalists would have to *gasp* make a profit pleasing their fellow man and delivering an excellent product or service. I know.. a ridiculous proposition as it stands now. But for a 100 years of our country’s life, that was nearly our system.
Sovereign debt was probably a banker’s idea. Governments are non-profit institutions. The idea that a government will return 1.23 for every dollar it receives without raising taxes with twenty three percent is downright criminal. The idea must also highly lucrative for investors which explains why government bond markets exist.
Free markets would be recommendable if capitalists stayed out of politics. Everywhere you go around the world, examples can be found of businesses using politicians to cheat commendable. Why can’t they just pay taxes and stop trying to get contracts or try to get legislators to pass legislation that puts competitors and consumers at a disadvantage. So, you know, drop dead with that ‘free market’ crap.
Economics 101 on morning joe
Even Schiff doesn’t know how to micromanage the economy. But he’s the best economist out there,, Peter Schiff is a genius!
Keep the FED as long as Schiff runs it.
just people watch the 30 minute clip here “i.o.u.s.a.” … there they explain your current situation pretty clearly… especially all the YOUNG people there pay attention. You need better leaders and guys like Schiff who think with common sense are the ones you need in charge!
nicely illustrated
There are a few metaphors to be used to compare what the United States is currently doing:
1. If you’re obese and want to become lean, by eating more than previously, it won’t happen.
2. If you’re drunk and want to sober up, by drinking more, it won’t happen.
3. If you’re out of breath and want to regain it, by continuing to sprint, it won’t happen.
If your country has become a slave to its debt and wants to regain a healthy economy, by borrowing more, it won’t happen.
Lol this sounds like a badass comment but also goes weak at the same time. We need to run in and overthrow the government.
Exactly, if we went through the recession now, we could actually still be close to China in a few years. At this rate we’re going to be ahead slightly for a short time, then light years behind for a long time.
Listen to the dumbnuts reporterette sigh and groan throughout this clip. She’s clueless, just like the rest of them!
Yeah is’nt that funny,i guess it’s true what they say,What goes around,comes around,Right?.
yes I know it makes most sense in the current monetary world, where it’s the bankers who have the money power, not the goverment
If you truly understand the Austrian School u will know that it is the Common Sense way of economics. The recession is the answer, the problem is that the people want a pain free solution when there isn’t one. We can’t just print money to solve our problems.
austrian school isn’t the answer
Well, they didn’t for a long time. In fact they were laughing.
No. Not affording going through a 2 year recession, but rather borrowing and spending will lead to 10-15 year depression.
Schiff may not be considering this one VERY important fact though, America can not afford to go though ’2 to 5 years of hurt’ because 5 to 10 years China will be #1 in the world in financial matters. Thus America must do ANYTHING/EVERYTHING to stay #1 for as long as possible. Do you people agree?
Schiff is the MAN!
funny how they listen to him now.
You are so on the money. She keeps very quiet during the whole discussion doesn’t she – but the look on her face is a complete give away.
i think doctor common sense would be a more apropriate title
Peter Schiff for Senate. Unseat Chris Dodd.
Dodd caused it, Schiff can solve it.
If this were 18th century France, heads would roll. I don’t buy that we’re more civil or evolved nowadays either. I think we’re just better trained. Woof woof.