Let me start by saying that Peter Schiff is charlaton, a shill, and a schmuck to boot!
Now that I got that off my chest, first I will explain how I figured it out, then I'll tell you the infamous "D" word that none in the media dare mention...
How can I tell Schiff's a shill? Easy.
(1) He uses the sensational words "unmitigated disaster" to describe a stimulus package which, for whatever its faults, includes money to rebuild America's dilapidated roads, bridges, tunnels and dams and presumably would directly employ tens of thousands of Americans.
(If it doesn't employ people directly that's a problem but it's not fatal.)
(2) He's a shameless "money manager" -- president of "Euro Pacific Capital" which means you can't even trust him as far as you can throw him...
(3) He describes the "entire American economy" as "phony."
WTF? I have news for you asshole, Americans are REAL people, they have REAL families, they live on REAL property, and they buy and provide eachother with REAL goods and services, unlike you and your parasitic cretins in the so-called "financial services industry."
Therefore, the American economy is definitely NOT "phony." The only thing "phony" in this picture beside your bogus "predictions" and assessments is the "federal reserve note" and our parasitic financial industry that shamelessly pushes it for a living.
Schiff the Charlaton wants viewers to believe that he's "predicting" that the dollar will "rollover" and "unltimately collapse," like he "predicted" the housing "bubble" would "burst."
However, this is not a prediction but a direct threat to the American people and the world which Schiff was paid to deliver by his bankster bosses.
He wants viewers to believe that Americans "actually need the tough medicine that the free market is trying to force upon us."
In other words, not only do they want us to take their poison, they want us to like it too.
"We need capital freed up for the private sector [criminals]," he says... because are not done picking our carcasses clean...
That piece of shit, for lack of a better word to describe this faeces, describes "saving money" as "production" and wants Americans to forego buying things they need like cars and housing.
This bastard prescribes an economy based on "underconsumption" and savings, in other words poverty, and has the gall to compare the opposite, which allows Americans to live at a level of dignity beyond the rest of the enslaved world to the "ponzi scheme" pulled off by Madoff.
Schiff "predicts" that if the government doesn't stop trying to interfere in the free market's plan to reduce Americans to abject poverty in order to advance their goal of one world government where financial overlords rule over a massive global labor camp of impoverished slaves, then banksters will be forced to dump the dollar and attempt to orchestrate unimaginable inflation, the likes of which Americans have not see before.
Of course, Schiff's logic relies on the typical supply and demand BS that they shove down our throats day in, day out: too many dollars chasing too few goods.
Sure in theory that's true, but reality is WAY different.
Reality is that although there are way too many dollars out there, like the stupid ticker on the bottom of the screen on this video clip concedes, most people are hoarding it!
In other words, the money's not circulating!
On the other hand, manufacturers keep producing goods and services and retailers are overstocked. People just aren't buying. Hence the slew of steeply discounted prices. Of course, needed items are still pricey but that's because those items in particular are monopolized up the wazoo. Meanwhile, all the useless shit, they're practically giving away !
The fact is, under ordinary circumstances, where the world isn't being held hostage by murderous money men, our industrialized, high-tech world would produce far more goods and services than the world could possibly consume.
If uncontrolled, this massive surplus in goods and services would almost instantly manifest itself in MASSIVE DEFLATION - everything would be practically free!
This is the truth that banksters never mention because they don't want the world to know that without their constant controls, monopolies, and machinations, not a single person on the face of this earth would have to work "for a living" more than a few hours a week,or maybe less!
Depression and Inflation are a bankster's friends, because people fear them both like the plague and will do almost anything to avoid them, including tightening their own belts to the point of destitution and abject poverty, thinking that it's necessary.
Deflation, however -- the natural trajectory for prices of goods and services in a high-tech industrialized society -- is the "D" word they dare not mention.
Submitted by qrswave on Sat, 2009-02-07 14:48
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"Economic crises have been produced by us for the goyim by no other means than the withdrawal of money from circulation."
- Protocols of Zion - 20.20
WE CAUSE DEPRESSIONS
14. The State exchequer will have to maintain a definite complement of reserve sums, and all that is collected above that complement must be returned into circulation. On these sums will be organized public works. The initiative in works of this kind, proceeding from State sources, will bind the working class firmly to the interests of the State and to those who reign. From these same sums also a part will be set aside as rewards of inventiveness and productiveness.
15. On no account should so much as a single unit above the definite and freely estimated sums be retained in the State Treasuries, for money exists to be circulated and any kind of stagnation of money acts ruinously on the running of the State machinery, for which it is the lubricant; a stagnation of the lubricant may stop the regular working of the mechanism.
16. The substitution of interest-bearing paper for a part of the token of exchange has produced exactly this stagnation. The consequences of this circumstance are already sufficiently noticeable.
17. A court of account will also be instituted by us, and in it the ruler will find at any moment a full accounting for State income and expenditure, with the exception of the current monthly account, not yet made up, and that of the preceding month, which will not yet have been delivered.
18. The one and only person who will have no interest in robbing the State is its owner, the ruler. This is why his personal control will remove the possibility of leakages or extravagances.
19. The representative function of the ruler at receptions for the sake of etiquette, which absorbs so much invaluable time, will be abolished in order that the ruler may have time for control and consideration. His power will not then be split up into fractional parts among time-serving favorites who surround the throne for its pomp and splendor, and are interested only in their own and not in the common interests of the State.
20. Economic crises have been produced by us for the GOYIM by no other means than the withdrawal of money from circulation. Huge capitals have stagnated, withdrawing money from States, which were constantly obliged to apply to those same stagnant capitals for loans. These loans burdened the finances of the State with the payment of interest and made them the bond slaves of these capitals .... The concentration of industry in the hands of capitalists out of the hands of small masters has drained away all the juices of the peoples and with them also the States .... (Now we know the purpose of the Federal Reserve Bank Corporation!!)
21. The present issue of money in general does not correspond with the requirements per head, and cannot therefore satisfy all the needs of the workers. The issue of money ought to correspond with the growth of population and thereby children also must absolutely be reckoned as consumers of currency from the day of their birth. The revision of issue is a material question for the whole world.
22. YOU ARE AWARE THAT THE GOLD STANDARD HAS BEEN THE RUIN OF THE STATES WHICH ADOPTED IT, FOR IT HAS NOT BEEN ABLE TO SATISFY THE DEMANDS FOR MONEY, THE MORE SO THAT WE HAVE REMOVED GOLD FROM CIRCULATION AS FAR AS POSSIBLE
Sorry there, bro, the American economy certainly is phony. It's the land, resources and people who are real, not the bogus so-called "money" system. Get yer azz over to Yamaguchy website and bone up on reality LOL
-- Leif Oldhart
"Conservative:" Loves his money better than your freedom.
"Liberal:" Values temporary security more than your liberty.
...until the campaign folded. That doesn't mean I lost my respect for Dr. Paul, but since the campaign is over, we can move on and hope Obama will fix American economy and image, like FDR did after to mitigate the pains of the Great Depression.
The recently released biography book "Traitor to His Class: The Privileged Life and Radical Presidency of Franklin Delano Roosevelt" by H.W. Brands (Andrew Jackson: His Life and Times) should be an engrossing read.
Thanks for the fair and factually based explanation that Peter Schiff is not to be trusted at all.
Virtually all bankers and hedge fund investors are vultures that fly in wait to feed on the carcass after the pork exhales its death rattle.
Can you believe the piece of shit columnist -- a former buddy with Goldman Sachs, the ultimate Jew scam firm -- defended the obscene bonuses for the executives and employees in the taxpayer-funded bailout by claiming without bonuses, the "best talent" would depart?
Is this America we know and love dearly?
Economic fascism has become a reality while the poor and middle class continue to bear the burden under crushing debt.