Peter Schiff : "Our economy is growing because consumers and our government are spending borrowed money , but The Debt is growing faster than the Economy we are poorer as a result of this GDP growth we are nor richer , and of course all the money that we borrow to spend today is money we have to repay with interest tomorrow , which means we cannot spend tomorrow in fact we have to reduce our future consumption by more than our current consumption to pay the interests on the borrowed money so none of this is a good news.... " "This is a phony economic growth , this is debt fueled consumption "
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
Peter Schiff :"The whole idea is to present economics in very simple terms,that everybody can understand in fact it is so simple that even congressmen can understand it if they read it , too bad that they do not pass these books out there it would save a lot of time and money on these hearings" "I wrote my book about the financial crisis , my serious book (Crash proof) before it happened , I wasn't Monday morning quarterbacking. " "If you read this [new] book and grasp its concepts...you might know more about economics than many people who have PhDs in economics, including some people who've won Nobel Prizes in economics and sit in very high places of power in Washington D.C."
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
Peter Schiff : Stocks Plummet as Market Wakes Up to Real Crisis Peter Schiff :"All we have done is dig ourselves into bigger debt , we have accumulated tremendous amount of liabilities of debt , our debt is growing much faster than our GDP , that debt has to be repaid with interest , of course right now we are able to finance our national debt with a teaser rate we have got short term financing , but when interest rates rise we cannot do that , look at what's happening in Greece all of a sudden short term rates are fifteen percent they were just two percent three percent just few months ago , the same will be happening to the United States , we are in the same situation that they are , we gonna move up the food chain , it is not just Greece it is not may be just Spain and Portugal , we are in very bad shape the sovereign credit risk in the United States is just as great if not greater than Greece "
"The fact that we can print money does not mean we cannot default , it just means that we will default in a different way"Peter Schiff added
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
April 29, 2010 — Alex Jones welcomes back to the show Andrew Napolitano, a former New Jersey Superior Court Judge, political and legal analyst for Fox News Channel, and a dedicated defender of the Constitution and the Bill of Rights.
Peter Schiff " we got into this mess because of an excess of government regulations because of artificially low interest rates by the Federal Reserve , because of the moral hazards created by Fannie and Freddie and this regulation (Chris Dodd proposed regulation) does nothing to adress those problems , the FED is actually given more power instead of having power taken away from it , Fannie and Freddie are doing more of that damage now insuring even more mortgages now than they were before , they are untouched by this , all this is window dressing it is going to do nothing to prevent the next economic crisis , in fact has this bill existed in its entirety four or five years ago we still would have the problem " "You can either have free market regulations or government regulations , I prefer market regulations , but you have to have some regulation when it comes to Freddie and Fannie since the government practically guarantees all their debt they removed all the free market regulations , nobody cares how risky their portfolio is , everybody knows that they are good for their debt no matter what they do because the government stands behind them therefore here is a case when we need government regulation to undo the damage of the moral hazard of the government subsidy , but they do nothing , you know we have done nothing , interest rates are lower now than they were when they inflated the bubble , the FED is doing more damage to our economy than they were doing before and we are rewarding them with more power , and the more power they have the more damage they gonna have , meantime this financial regulation I am sure it is going to impact little firms like mine Europacific Capital it is going to cost me more money not because I am doing anything wrong but now I am gonna have to spend even more money to comply with worthless rules and regulations that are going to be written in pursuance of this bill , it is going to run off my costs ...may be I can survive hopefully i can stay in business but smaller firms might go under , this is all music to the ears of these too big to fail firms " "Government regulations , Government Laws normally achieve the opposite effect of their stated purpose , and in fact I am sure this is going to be the case , market regulation works great remember there is fear and greed ...what's prevents me from lending money to somebody is the fear that I am not going to be paid back because I am worried about that then I do my due deligence I make sure that the borrower can pay me back , but when the government comes in and says do not worry about the losses we got you covered we are gonna guarantee it that's when the free market does not work because the government comes in there , or when you have a Greenspan put , when you have Wall street thinking that no matter what goes wrong the government is gonna bail them out and this bill actually makes that moral hazard even worse and of course when the government is subsidizing debt and encouraging debt by keeping interest rates so low by making borrowing so enticing a lot of people get lured into the trap but the government set the trap not the free market " "I think this bill will pass unfortunately I mean count n congress to do the wrong thing" Peter Schiff added
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
Peter Schiff : The US Government is making the same mistakes that the subprime borrowers did when they were using teaser rates on their mortgages , we have twelve and a half trillion dollar debt first of all that does not include any of the off budget items like the debt of Fannie and Freddy and certainly does not include the unfunded liabilities which dwarf that number , but if you just take the unfunded debt you look and where it is gonna be in a year or two , it is going to be around fifteen trillion , what happens if interest rates go up to ten percent ? which is half of what they were in 1980 all of a sudden we are paying one and half trillion dollar a year in interest on the national debt ...you see the term on the national debt ., the maturity is very short the government is not borrowing for thirty years , the government is borrowing for thirty days there is a lot of short term paper this is a teaser rate out of adjustable mortgage and we are headed for disaster...
Rand Paul is a lifelong Republican running for US Senate in Kentucky. He has been endorsed by Senator Jim Bunning, Sarah Palin, Steve Forbes, and more...
April 23, 2010 — Subsequent to HR 2194, Comprehensive Iran Sanctions, Accountability and Divestment Act, passing BOTH Congressional Houses 400-11on April 23, 2010, Ron Paul spoke on the House floor equating Sanctions on Iran to an Act of War against Iran and her allies, which include Russia and China.
The Federal Reserve has had long enough to demonstrate its use to the American economy. The latest economic crisis alone is enough to discredit its claims as the great stabilizer. There is the long history of devastating inflation, the government spending it funds, the wars and welfare that are made possible by its printing presses, and also the conflicts of interest and corruptions it introduces into public life. We can do without the central bank. We don't need the Fed. Our money and our future would be more assured without it.
In this conference, the Mises Institute returns to the founding home of the Fed, cobbled together in secret at the Jekyll Island Resort in Georgia, under the guise of a "duck hunting expedition."
This conference will honor the publication of Ron Paul's outstanding book, End the Fed, as well as his role in bringing attention to the issue of the Fed in public life. We'll explore the history and examine options and alternatives for the future.
Peter Schiff The Government is inflating The Government Bubble that bill bring us nothing but Socialism .At a certain point the only option left in front of the Americans is immigrating abroad, unfortunately the American government wants to tax the Americans even when they want to leave and give up the American citizenship , few decades ago the American citizenship was highly in demand , now people should pay just to get rid of it ...Peters newest book, soon to be available, is How An Economy Grows and Why It Crashes. It is an extended and updated version of his father, Irwin Schiffs, original and humorous cartoon book, The Kingdom of Moltz. Lew has always loved the book as an introduction to Austrian economics. Peters new version will expand to lampoon people like Obama and Bernanke.
Lew asks Peter what is ahead for our economy. Peter says there is no chance for a real recovery, and strikes out at the newest bubble a government bubble. Just what does that mean with $2 billion in new bonds looking for purchasers, while $2-3 trillion in older bonds are about to mature?
Rockwell asks what the average guy should do. Emigrate? And, is it true that the US forces citizens to pay to get rid of their citizenship status?
What has been the governments role in increased college tuitions? The feds have really helped students by making it impossible to work your way through college. Obama is making things worse, but the gold-plated debt university is not sustainable, and thank goodness.
Lew asks Peter about his political race in Connecticut. Peter bemoans the enormity of our present size and scope of government and warns that the spending must cease. We can and must reform really reform.
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
April 23, 2010 — Richard Tren, author of "The Excellent Powder," argues fears of DDT are overblown and are costing lives in poor countries with Malaria.
April 22, 2010 — The title of this John Stossel's show, "Lies, Myths and Stupidity" says it all. It was aired on April 22nd, 2010 on FOX Business Channel.
The worst is not behind us the worst is ahead of us and that's why I need to go to Senate to diffuse that bomb says Peter Schiff...most people in the senate have never run a business in the private sector so they do not understand how regulations and taxes adversely affects business...
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
It is the excess of government regulations that is distorting the market , more government and government regulations is not going to solve the problems it is going to create more problems , we do not need more consumer protection the consumers need protection from the government says Peter Schiff had we had more rules and regulations it would not have prevented what happened and it would not have stopped Goldman Sachs to fraud the system
Rep Ron Paul (R) Texas speaking about his son Rand Paul says that he calls himself conservative constitutionalist , which is not a bad term Dr. Ron Paul says , people think that it means that you believe in liberty and I agree with Dr Ron Paul added : conservative means that you retain the values that have been around for a while indicating that what we have to do is conserve and follow the constitution that have been laid out by the founders " Economics in this country have been Keynesian since the depression , Republicans and democrats both endorsed economics of Keynes which means that if you have trouble the government should spend more money borrow more money and print more money , that's how we get in our troubles , but both parties practically endorse those use , I mean it was not the democrats alone that brought up the bailout , the republicans started it when Bush was still in office Ron Paul is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies.
Ron Paul: Republicans and Democrats are both Keynesian
The biggest Ponzi schemes are not the Madoff's it is the Government run Ponzi Schemes social security medicare medicaid , all the money was spent on wars and variouse social programms and when the baby boomers will retire the coming generations will find themselves left with huge bills to pay for decades to come ...
Bigger government is the problem not the solution , government is like a cancer feeding from the real economy and thus halting its growth , Libertarians and the Austrian school of economics are for limited government and free market unlike the Keynesians who want more government and more government spending ....
Lew Rockwell, founder and President of the Ludwig von Mises Institute, discusses Ron Pauls ability to explain and popularize libertarian ideas, the large number of Americans seething about the economy, how William F. Buckley, Jr. spearheaded the purging of antiwar rightists from the Conservative movement (and how Ron Paul is putting them back in) and how the hidden inflation tax allows the government to fund wars and avoid popular outrage.
Discussing the SEC's fraud charges against Goldman Sachs, with Mad Money host Jim Cramer; Jeff Kleintop, LPL Financial; James Paulsen, Wells Capital Management; Jim Bianco, Bianco Research; and CNBC's David Faber.
April 16 (Bloomberg) -- Matt Taibbi, a contributing editor at Rolling Stone magazine, talks with Bloomberg's Carol Massar about the U.S. Securities and Exchange Commission's lawsuit against Goldman Sachs Group Inc. Goldman Sachs was sued by U.S. regulators for fraud tied to collateralized debt obligations that contributed to the worst financial crisis since the Great Depression. (This is an excerpt of the full interview. Source: Bloomberg)
Apr 16 : Finally something is starting to change , The government is now accusing Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was collapsing. we know that wall street has become a lawless casino , is the government ready to step in and bring some order ???
Ron Paul :...'Do not steal the Government hates competition!' "but then we do have some conservatives at least they call themselves conservatives , a lot of times they are nothing but Neo conservatives , and they believe that we have to endlessly spend overseas .... It is time we quit this we quit the foreign aid , we quit being the policeman of the world , we do not need to occupy ...over 700 bases overseas in 135 countries because that's how republics are destroyed that's how empires end by economic reasons by stretching themselves too far overseas " says Dr. Ron Paul "if we want to get back to a normal budget and balance our budget I think one of the best ways to start is why do not we quit spending all the money overseas , why do not we spend the money here at home ?"
Ron Paul speaker at the Tea party : government is too big they spent too much money the deficit is going to be very very damaging to us , we are in the midst of a very severe financial crisis do not think it is over says Congressman Ron Paul , I think it will get much worse , we are much poorer than we used to be , we live on borrowed money , basic flaw is not taxation , taxation is the symptom , the basic flaw is what the american people expect from their government , as long as the American people condone and encourage a government that is supposed to take care of them from cradle to grave , as long as they condone a government that they think should police the world and have troops in 135 countries and have some hundred basis ...no you cannot do anything about balancing the budget , you cannot do anything about cutting taxes , because if you can income tax and you cut taxes and you still spend , you still borrow and you still print money ...and inflation is a tax because it literally destroys the value of money and that is a tax as well....
The income tax is intrusive counter productive unfair and unconstitutional , we should instead consumption and abolish the income tax says Peter Schiff
April 15 (Bloomberg) -- Chris Edwards, director of tax policy studies at the Cato Institute, talks with Bloomberg's Carol Massar and Matt Miller about U.S. tax policy. (Source: Bloomberg)
On a new telephone survey about the 2012 presidential election , The Rasmussen Reports survey found president Obama is leading by 42% of the voting support ahead of Congressman Ron Paul with 41% of the preferences , ron Paul calls it a pleasant surprise since he is not a candidate for anything except to be reelected for congress...
David Boaz is the executive vice president of the Cato Institute and has played a key role in the development of the Cato Institute and the libertarian movement. Do we own the fruits of our labor , or does the government own it ? The whole system is going bankrupt and the government has only one answer , increasing the taxes , taking from the workers the fruits of their labor by force in order to keep in place a useless army of bureaucrats and public servants , do we own the government or does the government own us ???
what should the government do ? should not the government help the poor ? the marginalized ? should not the government pass laws against child labor should not the government provide public schools and pass safety regulations and how about some financial regulations certainly we need the government to protect us against the panic and the crookedness that we just had ...so what do the Libertarians believe ? we believe in limited government but where are the limits to government interventions ? John Stossel and his guests try to find out...The government should get out off the lives of people and let them rise and achieve to merit that's the essence of the libertarian view...
Did Ayn Rand author of Atlas Shrugged predict what Obama is doing ? Do you want the government to tell you what to do ? should the burucrats decide on pedicure
Rep. Ron Paul talks to CNN about the Republican Party, the Tea Party movement and his philosophies.ha gives his opinion about the chances of Sarah Palin to lead the GOP in 2012 , Dr Ron Paul admits that they might be some racist elements amongst the Tea Party movement but they are less than 1% of the movement , the rest are good people who want less government and more freedom...
It's hard to find a politician who isn't eager to "do something" about high unemployment. Turns out California has found one way to save and create certain kinds of jobs—spend like mad and raise taxes. That job-creation strategy has worked quite well for government-sector workers. Problem is the statewide unemployment rate is still among the highest in the nation, and many private-sector employers are heading to states like Texas, where taxes are lower and regulations are lighter."I would love to have companies calling me saying, 'We'd like to move to California, can you help us with that relocation?' I get none of those calls," says business relocation coach Joe Vranich. "The calls I do get are, 'Hello, we want to move out of California, can you help us do that?'" Vranich says there's no one reason why businesses leave. He calls it "death by a thousand cuts," where job creators get fed up with everything from high taxes to traffic gridlock and legal hassles. Take Rick and Jack Newcombe, the father-son team that runs Creators Syndicate. A long legal battle with the city of Los Angles might end up being their company's final cut. The Newcombes say the city arbitrarily stuck the company into a higher tax category and officials are applying the hike retroactively. City officials are demanding $400,000 in back taxes, but Rick Newcombe calls the whole episode "legalized theft," adding that a tax penalty of that size would force the company to lay off 10 employees. It's ironic that such drama unfolds in a city where Mayor Antonio Villaraigosa is always doing something—transit projects! green jobs!—
Libertarian John Stossel is for the legalization of all drugs to adults , Conservative Bill O'Reilly tries his best to prove him wrong ...it is the illegality that causes the problems says Stossel , adults should be free to take anything they want to , ...should we legalize only medical marijuana or all marijuana and all drugs while we are at it ? is not it the fact that drugs are illegal that creates the market for the mafias ? "you do not have wine cartels in France , you do not Tequila gangs in Mexico because it is legal " says John Stossel , it is the illegality that causes the need for market...
Jim Puplava talks to Lawrence Parks of FAME - Foundation for the Advancement of Monetary Education about the history of paper money recorded on April 10th 2010
dr. Ron Paul gave a historic speech at the Southern Republican Leadership Conference New Orleans , dr. Ron Paul informs us that this past week alone the national debt went up a 106 billion dollars in one single day , it is time to end that kind of spending and get rid of the deficit Dr. Ron Paul says , we need to get this budget under control ...why are we building billion dollars embassies in London Baghdad and Kabul , the country is broke and the people in Washington do not want to admit it ...we need to elect people who obey the constitution ..the president is not a socialist he is a corporatist ...with this healthcare we will have thousands of government bureaucrats between the patient and the doctor...we have a total socialized medicine ...conservatives and liberals both like spending ...why do we have to have a military base in Kirghistan for example while we are running out of money ...we have to stop with the preemptive wars , only the congress should be able to declare the war , indicate who the enemy is declare the war end it and get out of there ...why do we have to have troops in Korea for 60 years ? we got out of Viet Nam and now we are friends and trading partners with Viet Nam unlike north Korea despite all the troops there ! ...we can do better with peace than with war ...The Nanny State should not tell us what we should drink eat or put in our bodies this should be our personal decision and is part of our personal freedom ...
April 09, 2010 — A panel of libertarians, including Cato's Jeffrey Miron and David Boaz, discuss libertarian views of foreign policy.
What is the proper role of the military? Why does the United States have so many military bases all over the world? Are preemptive strikes on other nations ever justified? The panel discusses all of these questions and more.
The US dollar have benefited from the Greece crisis , but fundamentally we are way worse than Greece , the fact that Greece cannot print the Euro is a good thing says Peter Schiff when somebody is insured he tends to over utilize the system , and by bring 32 more million people to the system we are running the risk to increase the cost when the economy is already in a bad shape...anybody with a brain will know that the debt is big that we are never going to pay it back Peter Schiff explains ...
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
Ron Paul : "I think Obama should nominate somebody who brings people together , what's bring people together is the constitution the principals of liberties so therefore you need a libertarian , libertarians bring conservatives together on economic liberals and a good libertarian will bring the progressives together on personal liberties and any time there is secret prisons and assassinations and torture they would be able to condemn that , so if you really want t bring somebody in look at Jonathan Turley and Judge Napolitano i mean they have been very good supreme court justices "
Libertarians tend to believe in open borders that is freedom except there is a problem said Milton Freedman "in principal you ought to have completely open immigration . But with the welfare state it's really not possible to do that..." is that true , with our welfare state are people going to come here just to get free stuff , could immigrants bankrupt us ? there are also fanatics who want to come here to kill us , so where is the line with immigration : Open Borders or not open borders ? David Boaz " when people say this is a country built on legal immigration , Yeah because there was no such a thing as illegal immigration " he explained ...
John Stossel defines the political viewpoint and examines the meaning of the term Libertarianism John Stossel defines the libertarianism in the following terms " conservatives say they want smaller government but they want fairly large government fighting drug war and some other wars , and to police the bedroom sometime liberals want government that police speech and have poverty bureaucracy that teaches dependency Libertarians say keep us safe and then butt out " and he adds " Many people say we are socially liberals and fiscally conservatives , that's libertarian"John Stossel thinks that the Tea Party are conservatives for the most part but that he hopes that they are libertarians
The Judge and Lew Rockwell discuss Obama’s desire to create a domestic version of the American military that is just as “well-funded” as our armed forces.
FBI using facial recognition software that scans DMV , booking Photos looking for "fugitives" is it constitutional ? No according to judge Napolitano who is an expert in the constitution : The government cannot look at your drivers license without a search warrant , then they can search through your medical records , the government should obey its own laws , you cannot do this without the permission of a judge...
How government spends our money ? do we have to bailout the too big to fail the big banks , will the so called stimulus really stimulate the economy ? will more government spending help ? are the companies too big to fail or too big to liquidate quickly ? the bubble was cause with too much debt so is the cure more debt ? asks John Stossel ? huge government spending could create inflation or even hyperinflation this is a huge burden we are putting for the next generations
Former FED Federal Reserve Chairman Alan Greenspan is being questioned by the Financial Crisis Inquiry Commission about the causes of the worst economic slump since the Great Depression. CNBC's Mary Thompson has the full story.
April 7 (Bloomberg) -- Jane King summarizes the top stories this morning on the Bloomberg Business Report. Greenspan to testify subprime lending mortgage crisis mall vacancies rise citigroup hearings financial alan citi speculation real estate shopping mall unemployment consumer spending federal reserve interest rates
What is libertarianism ? what libertarian word means ? where do libertarians stand regarding personal liberties , abortion , guns gay marriage use of drugs ? Are the libertarians anti government ? were the founding fathers libertarians ? john Stossel tries to answer to all this questions by putting it to the bottom line : "what's the founding fathers believed in : limited government the two genius documents the constitution and the declaration of independence this Limited set of rules is what allowed America to be prosperous , that the government should keep us safe protect our persons and then leave us alone , John Stossel says that he does know if the Tea Party people call themselves libertarians but he wishes that they learn more about and start (calling themselves Libertarians)
FBNs John Stossel on whether political labels are redundant.libertarian is about the constitution limited government free market freedom of choice and personal liberties
Peter Schiff on Liz's debates Charles Biderman on the new jobs data , Peter Schiff believes that most of these jobs are in the services sector of which 50 000 are census jobs , unproductive useless jobs , that the government should borrow money to pay their salaries and pay interest on the borrowed money , these jobs will cost us more than they will bring in , what we need are productive jobs manufacturing jobs not services sector jobs ...we should employ our jobless Americans instead of sending the productive jobs overseas ..manufacturing and industrial jobs that's what built this country says Peter Schiff... New Jobs data - too many in services sector most of them useless census jobs Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
ALAN GREENSPAN:"Not at all. I think that there is no alternative, if you want to have economic growth and higher standards of living, in a democratic society, to have competitive markets. And, indeed, if you merely look at the history since the Enlightenment of the 18th century, when all of those ideas surfaced and became applicable in public policy, we've had an explosion of economic growth, and especially in the developing countries, where hundreds of millions of people have been pulled out of poverty, of extreme poverty and starvation, basically because we have competitive markets. So it's not the principle of competitive markets which really has no alternative which works. It is a strict application -- as I presented in a Brookings paper fairly recently on a somewhat technical area, the major mistake was assuming what the nature of risk would be. And the reason it was missed is we have had no experience of the type of risks that arose following the default of Lehman Brothers in September 2008. That's the critical mistake. And I made it. Everybody that I know who works in this business made it. And it means that basically we have to work our way back to understanding what went on. And as I argue, what we need is far more required capital for financial institutions than we've had."
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch . Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.
Gold and Silver Paper Shorting Collusion? – YouTube
-
Check our website daily at http://www.figanews.com Gold and Silver Paper
Shorting Collusion? via...
[[ This is a content summary only. Visit
http://george...
Gold and Silver Paper Shorting Collusion? – YouTube
-
Check our website daily at http://www.figanews.com Gold and Silver Paper
Shorting Collusion? via...
<<<< This is just a summary please visit
http://gold-s...
Marc Faber : US Government Can Confiscate Your Gold
-
Marc Faber : “I bought gold at $1,400, I buy...
[[ This is a content summary only. Visit
http://www.marcfaberchannel.blogspot.com for the full story, >>>>]]
TURNING SILVER COIN AND BULLION PURCHASES
-
WHEN YOU HAVE TO TURN YOUR PURCHASES EVERY FEW WEEKS FOR CASH FLOW IT CAN
BE PAINFUL WHEN THE...
[[ This is a content summary only. Visit
http://buy-silve...
Andy Hoffman - Silver Shortage & The Yen Bomb
-
Ranting Andy discusses: (1) How the Yen may be in big trouble. It...
[[ This is just a short excerpt Go To
http://www.silver-shortage.blogspot.com for the ...
