Peter Schiff- The Party is Over.

[Mai72]

I thought Peter had many good paints. It's a 2 plus hour video, but it's worth watching. He paints a very dire picture, and TBH I have to agree. The average American is BROKE! States are going bankrupt. He makes a valid point that the government needs to stop bailing out these large corporations. LET THEM GO BANKRUPT. I know a lot of people here don't really care for Peter. I thought he was spot on. We are in deep trouble financially. Politicans have been kicking the can down the road for so long because they don't want to deal with the cold hard facts. We are out of money! Most people just don't know it yet.

 

[Jhhnn]

I thought Peter had many good paints. It's a 2 plus hour video, but it's worth watching. He paints a very dire picture, and TBH I have to agree. The average American is BROKE! States are going bankrupt. He makes a valid point that the government needs to stop bailing out these large corporations. LET THEM GO BANKRUPT. I know a lot of people here don't really care for Peter. I thought he was spot on. We are in deep trouble financially. Politicans have been kicking the can down the road for so long because they don't want to deal with the cold hard facts. We are out of money! Most people just don't know it yet.

There's plenty of money. You just have to rent it from the rich people who have it.

 

[Mai72]

There's plenty of money. You just have to rent it from the rich people who have it.

Yep. That gap has gotten much much larger.

 

[Linux23]

add an extra 000. not out of money anymore.

 

[Lanyap]

I haven't watched the video yet but isn't this trickle down economics in action? Give money and breaks to the large corps and let it trickle down to the masses.

 

[Mai72]

At about the 28m mark he talks briefly about hyperinflation, and why he thinks the dollar is doomed. He also talks about the national debt, and the big question: WHO IS GOING TO PAY FOR ALL OF THIS? Expect inflation, and much higher taxes. Aren't people taxed enough? I mean, where does this end?

 

[Hayabusa Rider]

I have me a fiddle and popcorn!

 

[shortylickens]

At about the 28m mark he talks briefly about hyperinflation, and why he thinks the dollar is doomed. He also talks about the national debt, and the big question: WHO IS GOING TO PAY FOR ALL OF THIS?

The next generation.
You ever notice the average congressman is really old?
They don't plan to be around when all the problems they are making finally come up.
Which is the same attitude the congressmen of the 60's and 80's had and why we're in deep trouble right now.

 

[fskimospy]

Peter Schiff predicts hyperinflation and disaster every single year, no matter how many years in a row he’s been wrong. If you actually followed his financial advice over the last decade or so you would be in the poorhouse.

The guy is absolutely worthless to listen to. It could be that someday there will be hyperinflation or whatever but to credit him would be like guessing the same lotto number every day for ten years and then saying you’re psychic when it finally comes up.

 

[nickqt]

At about the 28m mark he talks briefly about hyperinflation, and why he thinks the dollar is doomed. He also talks about the national debt, and the big question: WHO IS GOING TO PAY FOR ALL OF THIS? Expect inflation, and much higher taxes. Aren't people taxed enough? I mean, where does this end?

Yes, the big bad national debt, that's been portending Hyperinflation™ for decades now.

The US can print as much money as it wants, and it doesn't have to take out debt to do it, if it doesn't make itself.

Instead of giving all the money to the JobCreators™ in exchange for them giving some of us jobs, give the money to the people first, and presto, that money STILL goes to corporations and banks, but helps people out too.

The US has thousands of nuclear weapons, people will continue accepting the dollar for payment. Hundreds of millions will still need to pay taxes in US dollars. People within the US will continue to buy things with the US dollar. What's the inflation rate right now? Super high because debt and deficits, right?

Most of the US debt is owed by the government to...the government.