Jobs, stimulus, dollar, more baliouts
Posted by admin in Finance Thursday, 24 March 2011 22:01 25 Comments
Schiff Reort Video Blog Aug. 7th 2010
Posted by admin in Finance Thursday, 24 March 2011 22:01 25 Comments
Schiff Reort Video Blog Aug. 7th 2010
Great commentary.
cut to the chase, end the fed , the people are once again facing taxation without representation from a few wealthy men.. the story is old as time
@serialkiller1990
Yes to an extent a secretary does do the work of a CEO. Today, a CEO does next to nothing but network. This was not the original case; however, and it shouldn’t be, on average CEO’s and other high board officials do less work every year and get paid more! People like to think that this is just “how it is” and it’s because the company needs them or something – wrong! It’s an example of the corruption in virtually all of our monetary systems! Corporations, Banking, Politics etc.
@christmasdnc
Are you being sarcastic, or you really think that a secretary does the work of a CEO?
I love the way you still fall for it. The way you still think there is a choice. That you can change anything. It is all fixed. I also feel sorry for you.
@ytgv3fc7 Tell that to a poor person who runs out of money in the middle of the month and can’t buy any of the vast supply of goods lying around.
@ytgv3fc7 I’m against printing money and borrowing. I’m for paying for our services out of pocket including our stimulus packages.
@ytgv3fc7 I see nothing wrong with reducing our trade deficit. And I thought our taxes ARE meant to pay for services collectively. And how can anyone prove that they’re really living off the grid and they’re not gonna flush a toilet in a national park at least once?
peter schiff u are a great guy, im writing from australia, sydney, ive watched most of the videos u have posted. after listing to all your videos i started buying gold , i started about 10 months ago, ive bought 40000 dollars so far and i will cont to buy gold , because of whats happening around the world and the econ……. THANKS
))))
@crubeo
He’s trying to explain right now, if you want you can hop in our conversation.
I’m sorry to hear about the 3rd place finish. Rumor has it the dollar rose following the primary results.
@christmasdnc what you need is reading with understanding… (hard to get in centrally planned schools). Slim fast diet… to the bone… (not that you are fat – I never said that). All 1st world nations are successful thank to free market – now they are going down thank to socialism you were brainwashed to follow.
So you are young and naive 18 years old… Learn – history (from Peter Shiff, Mises Institute) – to avoid being used like many others before.
watch?v=b7zzH8ruLDc (about socialism)
He is so right, this stupid country is continuously punishing success and rewarding failure. God it pisses me off to no end. Not only do these “people” not serve a bailout, they don’t deserve air for their lungs. The only thing they deserve is a bullet to the head
@christmasdnc TV media is actually a good example of monopoly and another instance of government intervention. The FCC heavily regulates all content and licensing on TV. What is necessary is a free flow of information which allows consumers and private watch dogs to monitor companies and evaluate ratings agencies. While you may worry about companies paying the ratings agencies, this does not disturb quality. In fact, we see this very thing with the organic food industry and its ratings agencies.
@christmasdnc In any case, this would not exist under the circumstances of the free market. If we are to venture into the realm of morality, it must be judged keeping in mind the causes of the imbalances. There is no use pointing at a symptom if you do not address the source of the problem. I agree with you that these discrepancies in pay are absurd, but I only agree because it is not the result of voluntary actions by all parties. Instead, it is the result of government intervention.
@JLCaton
Despite the reason for the inflation, the point is CEO incomes raise while everyone not on the top 5 floors goes broke. For instance, BP CEO Cost his company billions in damages and got a bonus because he has friends in high places, not because the minimum wage is too high. The investors choose to pay the actual workers as little as possible to maximize profit and reward an incompetent friend. Compared to minimum wage thats like complaining about a headache when your have AIDS.
@JLCaton
Despite the reason for the inflation, the point is the CEO’s income is raising, while no one else is, at least those not on the top 5 floors. For instance, BP CEO Cost his company billions in damages and got a bonus. Why, because he has friends in high places, not because the minimum wage is too high, because he’s greedy and so are his friends. The investors choose to pay the actual workers as little as possible to maximize profit and reward an incompetent friend.
@JLCaton
Despite the reason for the inflation, the point is the CEO’s income is raising, while no one else is, at least those not on the top 5 floors. For instance, BP CEO Cost his company billions in damages and got a bonus. Why, because he has friends in high places, not because the minimum wage is too high, because he’s greedy and so are his friends. The investors choose to pay the actual workers as little as possible. In a world such as this, explain how government isn’t needed to protect?
@christmasdnc Your argument is starting to run all over the place. We were not discussing CEO wages. CEO wages are high because of false prosperity created from massive credit expansion which has taken place largely over the last 30 to 40 years. Many companies that should have failed have not because of the market of easy credit created by the Fed. Ergo, CEO pay has increased beyond what would seem rational under natural market conditions. ***In short, you are opening a new can of worms***
@JLCaton
And as to private rating agencies – REALLY? Didn’t you just comment on the possibility of a conflict of interests for non–profits? You want the business to pay someone to rate them… you do realize one of the major losses of financial reform was the amendment to make it so banks cant pay their raters… because guess what – BIG CONFLICT OF INTEREST. All it takes is a monopoly and media control to confuse consumers into thinking somethings good, look at Fox News, not even a monopoly.
@jjrglobal
No apologizes necessary, communication difficulties are expected on Youtube. As to your point, you’re ignoring the context of that increase, sure income has increased 30% over 30 years, but that’s shit when considering inflation. Median Household Income was about $30k in 1990, which is $44,603 in 2003 dollars. Personal income is pretty much stagnant; however, household income has risen due to the rising percentage of households with two or more income earners.
@JLCaton
Minimum wage increases unemployment because the jobs related to that pay bracket cannot afford to hire! But the majority of employment loss is found from outsourcing and lay offs which are directly related to corporate “bottom line” greed! What are you talking about? You really think multi billion million corporate business are laying off people because the wages are unfair? Yea, a secretary to a CEO does all his work and he gets paid millions… that’s fair. You’re an idiot.
@grraadd
Finally, we get to the heart of your disdain, your own personal experiences. Might I ask what country you hail from? I’m American, however; contrary to your hypocritical and stereotypical assumption, I am not overweight. I’m 18 and an athlete, like most people in California, which is where I live. Furthermore, how is slim fast related to politics? Dumbass. And they’re numerous examples of successful socialist countries… ie – ALL 1ST WORLD NATIONS. Do you even know what socialism is?
@kmuthart
A community organizer is a communist? I’m done, have a nice day.
There is no such thing as a “jobless recovery”. The USA economy is largely based on manufacturing. The problem is there are two kinds of manufacturing: (1) hardware, and (2) software. The last 10 years has been a painful evolution away from hardware and towards software. The USA economy should outsource hardware production and insource software engineering. The Information Age is here to stay.