Peter Schiff forecasts IMMINENT DOOM for the economy thanks to NObama

"O, that way madness lies; let me shun that;
No more of that."

 

depoisoned: "what does this have to do with private banks controlling the Federal Reserve sytem?"

Well seeing how Paulson bailed out his former company... The reason the public banks went bankrupt was because of deals made with private banks and investing firms... If Hank Paulson's job at the federal reserve dosnt raise suspicion in you, i dont know what to say. Even morons know theres something fishy going on, with all the bailout money going to executives which flee the country a week later.

Would you be ok with promoting the town burglar to police cheif?

 

HELL, Yeah!

:rofl:

Heck, he'd be able to catch 'em at their own game, right?

Wouldn't have to worry about him reverting back to his former criminal activities, right?

Sounds like a plan!




Oh,

dear

God.

 

I don't think the question is if Israel's existence is the problem of the world. It should be Israel's alone as long as they seek to exist at the cost of innocent lives. The world can exist without an Israel it did for centuries. One religion against another should never be the question. Banks vs workers not a valid question either. Banks exist only because they suck off the value of work by others. Let them fall and we will continue to live. We will barter our produce against anothers without the middle man that produces nothing.

 

Didn't we do that with the Bush/Cheney/Rice administration. Haven't they sold us down the river for their petroleum and Haliburton friends. Who makes money today...big petroleum and private contractors, who contract with our government?

 

He's right about alot of this stuff in a very general way. Though, blaming Obama for what may or may not happen isn't quite fair. The new president won't be able to do a whole lot about the economic shitstorm which will get much much worse over the next year. He means with his fantasy of New Deal wealth redistribution and job creation schemes but none of that shit will work if our federal government goes completely broke, which will likely happen.

 

that sounds right to me.

Cheney packed his shit and went moved to Dubai and the bush clan recently baught some land in Paraguay.

Predators dont stick around to chew on the bones.

 

That was asked by Hiptastic, I believe, but definitely not by me.

(I'm one of the two posters you asked to get their head out of their ass and smell the roses. For the record, I am not nearly limber enough. I'm not sure about the other poster, PLUS she's Canadian. wahahhaha)

 

LOL, you understand I HAD to say "the latter." It was a gift, like finding a diamond in the cat litter.

 

But, of course!

ps Is there some sort of website you use to find those types of allegory? :rofl:

 

Ummm, actually, there has never been a time in recorded history that there wasn't a nation and a people of Israel.

The main reason that i feel we should help them is because they are in the right and the Palestinians, by supporting Hamas, have put themselves into harms way. Even to save the lives of their children, they will not back off and are determined to try to destroy Israel, the people.

But i digress ~ you already know how i feel about that.

@ bold : i sure hope you're right about that. Out at my folks ranch, there are others that raise livestock (horses, cattle, goats, sheep, chickens, rabbits, hogs, etc.) and/or do vegetable gardening. With generators (and they can be windmills) and cisterns, we have good well water, and if it ever rains, again, enough to fill the ponds, we'll have full stock tanks, too.

~> this is off the wall, but do you think some of those Gilligan's Island inventions could really work? Like the bicycle washing machine? They did other stuff with the bicycle, too...

Anyway, i guess all of us that can will be forming co-ops with our neighbors here before too much longer.

This is all so ...

https://www.youtube.com/watch?v=0KL_fgWgK40

 

Well this is just a right wing, libertarian leaning rant that’s pushing that same old small government, free market mantra that the right wing libertarians have always being pushing.

And anyone that looks beyond the gloss of the Austrian school of economic theory quickly sees that it is rather unrealistic, everything has to be so perfect for it to work that in an imperfect reality the results of its implementation are likely to be harmful if not a lot worse. To me it seems a lot more like ideology pretending to be economics.

 

As to predicting the economic crash many, many people were doing it; even people on these forums were doing it.

Several books had been written about what was wrong with the US economy along with thousands of articles in many media outlets.

Most of it came from the left and more Keynesian leaning economists.

The view that the US (and world) economy was heading for a fall wasn’t a secret it was just been dismissed by most of those that had an interest in opposing leftish and Keynesian ideas the problem was that there defence didn’t seem based on rational and logical analysis and more an ideological mindset, of which the Austrian school were a part.

This mindset was anti-socialist, anti-keynesian, anti-government, pro-market, pro-deregulation and often seemed in awe of the supposed ‘creators’ of wealth in the financial markets.

The libertarian leaning acolytes of the Austrian school are just saying if only the economic system had been truly ‘free’ then things would have been better. If only there had been less government interference and the market had been more laissez-faire then maybe the problem wouldn’t have been so great, hopefully, possibly…well maybe.

However if a crash did happen then depending who you are things could be a lot worse. Because they think that if a market crashes it should be allowed to crash and burn, oh that wouldn’t really effect those that had made a lot of money in the boom times but it would be absolutely devastating for most people beneath them. And does the Austrian school have any plan to deal with that suffering, NO, people without wealth should suffer in their opinion.

Like most right wing libertarian ideas these voodoo economic ideas seem aimed at making wealth more powerful and influential.

 

yes you can,that is one of the simpler modifications you can do with a bicycle. you can also make several variations of generators with a bicycle..

API for Pedal Power

 

A couple of interesting articles about Peter Schiffs investments, Seems like his clients are losing as much or more then everyone else.
______________

Unfortunately, his investment thesis centered on shorting the dollar in a hyperinflation bet, and buying foreign equities rather than shorting US equities.
Furthermore, Schiff made no allowances for being wrong and had no exit strategy whatsoever.
LINK

A more detailed look at his investment stratagies LINK

An Actual Schiff Portfolio

 

A monkey with one blind eye and some darts could pick a better portfolio.

 

Let's see if he actually DOES anything, Ari. Politicians, both right and left, talk, talk, talk. They say what we want to hear them say. He probably has advisors and aides that scan the news and warn him when something like this comes out. Then he has advisors and speech writers that tell him what to say. I'm not saying McCain, Bush or any other Republican would do it any other way.

You can't trust government.

I've been thinking about what you said the other day, about Scandanavia and their politics. I don't really have an answer for that. I don't follow European politics much. But I know my dad is about to move to France now that they have Sarkozy (He's bullshitting) And France did have a good economy before. Let's just see how much Sarkozy can improve it. Too bad he's working in a messed up economy. Germany recently elected a conservative didn't they?

 

Hey Fyr, your video got removed from youtube. I think it said copyright infringement. Can you post another link. Thanks, bunnyrabbit.

 

https://www.youtube.com/watch?v=cIfjhQRcoJE

There you go!