Just think non … Just think non compliance by all nations to go? to work would flatten these bums once and for all , sure we will lose some shiny trinkets here and there but we would create community among all. no social status means more friends less loneliness and reform would be SWIFT !!!!
Mr. Shiff…. Thank … Mr. Shiff…. Thank you so much for the info, its an eye opener. I know you will make a great Sen. I agree with what you are saying about the economy… May I ask what your opinion is on our military and the use of it?
The traitors are … The traitors are our “progressive” Democrat (as well as some Republican) politicians who are willing to bankrupt our nation in order to buy votes from ignorant people who keep voting them into office.
He hates the … He hates the government. That’s not the same thing. You are either some leftist imbecile or a neocon thug. Either way sir you are a pawn.
Hahahaha!
PIGS … Hahahaha!
PIGS are huge debt addicts, but like any addict their necessary bottom and subsequent sobering up is eminent. Unfortunately for the US the bottom is gonna be much lower cause our crack/debt dealer is gonna extend us much more crack (US$ is world currency).
Rule number one Peter, addicts never thank you for trying to get them sober before their bottom. ONLY the bottom will teach and turn this titanic!
I work in a small … I work in a small regional bank, and these relatively healthy banks were more than eager to snatch up all the assets of the “zombie” banks. But thanks to the bailouts, these healthy banks were unable to grow as they should have during bankruptcies of the likes of citi, nat city, etc. That would have been a painful transition, but healthy in the long run for the banking industry, and especially consumers.
Real unemployment … Real unemployment is very close to 20% when you take in account people who stopped looking for work and those who are underemployed.
Most small business credit HAS evaporated. I visited 6 banks to inquire about financing, and they ALL laughed at me.
There is no evidence that we would be in depression except claims from the firms we bailed out. They are just companies. It is by propping them up when the creative-destruction of capitalism says they should fail that will lead to depression.
@nickrhill When … @nickrhill When taxation goes up, people work less. Businesses hire less employees, and employees are less motivated to earn higher pay. Most of our productive businesses have already gone overseas due to high taxes, regulations, and an overvalued dollar. The service sector still exists because that’s the one sector that can’t be outsourced easily. Immigration is a problem because when people work here scrubbing toilets and send their overvalued dollars back home, they become quite wealthy.
Is government right … Is government right to make future promises for when they are out of office, which can’t be funded under the present arrangements in order to boost receipts on the day? If the gov’t is not right, should there be any limits?
If taxation is the answer, then is randomly high taxation today for spending yesterday sustainable?
Is there a ‘goldilocks’ level of taxation? What bad effects happen to the economy when taxation goes up? Eg, Do entrepreneurs move abroad?
The world will … The world will always crave paper.
Lets dissect that argument. Lunacy.
People crave money for money’s sake, not for productivity’s sake. Sadly that’s true. That is why this is a massive bubble.
The mortgage crisis has just begun.? Mortgages are for 15 to 30 years. Sub-prime started in 2000. We are maybe half through defaults. Mortgages will also reset, this means higher monthly payments in coming years. We have only expanded our credit card, and I’m telling you, it ain’t American Express.
more infos at http://www.peterschiffnews.com
February 26th, 2010 at 3:25 pm
Dump your portfolio …
Dump your portfolio and invest in freeze dried food and shotgun shells.
February 26th, 2010 at 3:25 pm
Just think non …
Just think non compliance by all nations to go? to work would flatten these bums once and for all , sure we will lose some shiny trinkets here and there but we would create community among all. no social status means more friends less loneliness and reform would be SWIFT !!!!
February 26th, 2010 at 3:25 pm
Mr. Shiff…. Thank …
Mr. Shiff…. Thank you so much for the info, its an eye opener. I know you will make a great Sen. I agree with what you are saying about the economy… May I ask what your opinion is on our military and the use of it?
February 26th, 2010 at 3:25 pm
The traitors are …
The traitors are our “progressive” Democrat (as well as some Republican) politicians who are willing to bankrupt our nation in order to buy votes from ignorant people who keep voting them into office.
February 26th, 2010 at 3:25 pm
US has at least two …
US has at least two huge advantages…
has the dollar printer
and has the most powerfull military of all
February 26th, 2010 at 3:25 pm
nah, you´re just a …
nah, you´re just a traitor hypocrite
February 26th, 2010 at 3:25 pm
U should have ur …
U should have ur head shoved into a moving fan blade.
February 26th, 2010 at 3:25 pm
I don’t think the …
I don’t think the US will ever default… We’ll just print.
February 26th, 2010 at 3:25 pm
He hates the …
He hates the government. That’s not the same thing. You are either some leftist imbecile or a neocon thug. Either way sir you are a pawn.
February 26th, 2010 at 3:25 pm
thats the beauty …
thats the beauty about the constitution! you should have every right to hate your own country!!!!!
February 26th, 2010 at 3:25 pm
Considering the …
Considering the debt is fictitious, dump it!!
February 26th, 2010 at 3:25 pm
Hahahaha!
PIGS …
Hahahaha!
PIGS are huge debt addicts, but like any addict their necessary bottom and subsequent sobering up is eminent. Unfortunately for the US the bottom is gonna be much lower cause our crack/debt dealer is gonna extend us much more crack (US$ is world currency).
Rule number one Peter, addicts never thank you for trying to get them sober before their bottom. ONLY the bottom will teach and turn this titanic!
February 26th, 2010 at 3:25 pm
at last an american …
at last an american with brains
February 26th, 2010 at 3:25 pm
@shahen13
That’s …
@shahen13
That’s like saying about a man who is warning a car that it’s headed for a cliff, that the he hates the car.
February 26th, 2010 at 3:25 pm
Peter Schiff hates …
Peter Schiff hates the US. He should be tarred, feathered and run out of the country.
February 26th, 2010 at 3:25 pm
I work in a small …
I work in a small regional bank, and these relatively healthy banks were more than eager to snatch up all the assets of the “zombie” banks. But thanks to the bailouts, these healthy banks were unable to grow as they should have during bankruptcies of the likes of citi, nat city, etc. That would have been a painful transition, but healthy in the long run for the banking industry, and especially consumers.
February 26th, 2010 at 3:25 pm
Peter Schiff for …
Peter Schiff for senate 2010!
February 26th, 2010 at 3:25 pm
This is the word …
This is the word you need to know: Deregulation. The phrase: Deregulation caused the recession.
February 26th, 2010 at 3:25 pm
this guy is pretty …
this guy is pretty much out of the CT senate race.
his idea doesn’t sell in politics.
February 26th, 2010 at 3:25 pm
Cheers Peter
Cheers Peter
February 26th, 2010 at 3:25 pm
Real unemployment …
Real unemployment is very close to 20% when you take in account people who stopped looking for work and those who are underemployed.
Most small business credit HAS evaporated. I visited 6 banks to inquire about financing, and they ALL laughed at me.
There is no evidence that we would be in depression except claims from the firms we bailed out. They are just companies. It is by propping them up when the creative-destruction of capitalism says they should fail that will lead to depression.
February 26th, 2010 at 3:25 pm
@mkc681 How did you …
@mkc681 How did you pull that one off? Unless you are carrying over business/real-estate/stock losses from the previous year.
February 26th, 2010 at 3:25 pm
@nickrhill When …
@nickrhill When taxation goes up, people work less. Businesses hire less employees, and employees are less motivated to earn higher pay. Most of our productive businesses have already gone overseas due to high taxes, regulations, and an overvalued dollar. The service sector still exists because that’s the one sector that can’t be outsourced easily. Immigration is a problem because when people work here scrubbing toilets and send their overvalued dollars back home, they become quite wealthy.
February 26th, 2010 at 3:25 pm
Is government right …
Is government right to make future promises for when they are out of office, which can’t be funded under the present arrangements in order to boost receipts on the day? If the gov’t is not right, should there be any limits?
If taxation is the answer, then is randomly high taxation today for spending yesterday sustainable?
Is there a ‘goldilocks’ level of taxation? What bad effects happen to the economy when taxation goes up? Eg, Do entrepreneurs move abroad?
February 26th, 2010 at 3:25 pm
The world will …
The world will always crave paper.
Lets dissect that argument. Lunacy.
People crave money for money’s sake, not for productivity’s sake. Sadly that’s true. That is why this is a massive bubble.
The mortgage crisis has just begun.? Mortgages are for 15 to 30 years. Sub-prime started in 2000. We are maybe half through defaults. Mortgages will also reset, this means higher monthly payments in coming years. We have only expanded our credit card, and I’m telling you, it ain’t American Express.