Showing posts with label Peter Schiff. Show all posts
Showing posts with label Peter Schiff. Show all posts
Thursday, December 21, 2017
Saturday, December 16, 2017
Wednesday, May 20, 2015
Wednesday, May 13, 2015
Friday, September 12, 2014
Sunday, August 3, 2014
Thursday, March 6, 2014
Friday, February 28, 2014
Friday, February 21, 2014
Thursday, February 13, 2014
Saturday, February 8, 2014
Monday, February 3, 2014
Wednesday, September 18, 2013
Monday, January 14, 2013
Tuesday, December 11, 2012
Saturday, November 24, 2012
Saturday, November 10, 2012
Obama 2.0 & the Fiscal Cliff: Implications for America, the Markets, the Dollar, and Gold
Posted by
Nick
I forgot to mention that had Mitt Romney won the election, Obama Care and Dodd Frank might have been repealed. Such a possibility is now completely off the table. As neither of these horrific laws were fully implemented during Obama's first term, the extent of the damage they will inflict on the American economy will not be evident until his second. Therefore, it makes perfect sense that the U.S. stock market would be marked-down to reflect the permanency of these laws. However, the biggest mark- down will likely be reserved for the dollar, and the American standard of living that depends on its purchasing power.
Also, at the 3 minute 50 second mark, I misspoke. I meant to say that "when Obama finishes his SECOND term the economy will be in much worse shape than it was when he began his first term." -Peter Schiff
Saturday, September 29, 2012
The Real Fiscal Cliff: How to Spot the Ledge
Posted by
Nick
What is the goal of quantitative easing? The goal of it is to get Americans to spend more money, borrow more money and spend it. Well, that was the problem. We borrowed all this money, we're broke, and now we have a recession because we have to rebuild our savings, we need savings so we can have capital investment so we can produce things, so we can create productive jobs. We have to transition the economy, but QE was designed to prevent that process from happening.
Monday, September 10, 2012
Democrats: Let's Ban Profits!
Posted by
Nick
Posing as an anti-business crusader, Peter Schiff found a number of DNC delegates and attendees who support explicitly outlawing profitability. We deliberately avoided speaking with the occupy protestors camping outside in tents to get a more "mainstream" Democratic perspective!-http://youtu.be/07fTsF5BiSM
-The Peter Schiff Show
Sunday, August 26, 2012
There Can't Be A Recovery...Thanks to the Fed
Posted by
Nick
Correction: The official price of gold was $35 per ounce in 1968, not $32. Roosevelt devalued the dollar from 1/20th of an once to 1/35the in 1932. Nixon devalued it two more times, leaving the current "official" price at $42 per ounce. I guess that is why the "2" was stick in my head.-Peter SchiffAs Schiff points out, there was no good reason to go off the gold standard. America became rich under the gold standard (and, as Schiff further points out, it's still in the Constitution, there has been no amendment allowing the unconstitutional monetary system we have now) prospering at an incredible pace during the 1800s, while today America has become the world's largest debtor nation. The Republicans have included in their party platform this year a call for a commission to look at once again linking the US dollar to gold. This is certainly all for the good, however, nothing serious may come of it. At least they are willing to talk about it. Is it just (like their urging of an audit of the Federal Reserve) a blatant attempt to appeal to Ron Paul's supporters in the party? In any case, it certainly proves the power of Ron Paul's ideas and the value of his liberty-oriented campaign for president.
The gold standard has returned to mainstream U.S. politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy. ... The move shows how five years of easy monetary policy — and the efforts of congressman Ron Paul — have made the once-fringe idea of returning to gold-as-money a legitimate part of Republican debate.-Republicans Eye Return to Gold StandardAside from the ridiculous CNBC take on the story (they say that inflation is "under control" while gold is "highly volatile" and then make that point by telling us that gold is up 500% in dollar terms during the last decade!, and that a return to gold would limit the power of the Fed, which of course it would, which is the point, but as statist welfare/warfare lovers, CNBC can't stand the thought) the funniest stuff at the link comes in the comments from some obvious losers and CNBC fans (or am I being redundant there?).
The idiots don't realize that here isn't enough gold in the world to do this, but that's ok because they are idiots.They say ignorance is bliss, but please don't show it off in public, fool, because you just embarrass yourself. A gold standard doesn't require any particular amount of gold to exist. When you stop sounding like Bret Alan, someone may once again pay attention to what you have to say. And here's another idiot:
Gold has no value. replulicans are clue less. Completely wrong thing to base Gold as standard.Gold has no value? To paraphrase Schiff, gold was money for thousands of years, it took government to declare paper to be money and force it on the world (with disastrous results).
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