Peter Schiff nails it

5 posts / 0 new
Last post
jneo's picture
jneo
Status: Platinum Member (Offline)
Joined: Jan 7 2009
Posts: 742
Peter Schiff nails it

 

Great explanation by Peter

 

 

www.youtube.com/watch?v=vRAESKFjs2s&feature=player_embedded#!

 

 

January 15 ZeitGeist Moving Forward 

www.youtube.com/watch?v=QYLLFpNn4lM&feature=player_embedded

gregroberts's picture
gregroberts
Status: Diamond Member (Offline)
Joined: Oct 6 2008
Posts: 1024
Re: Peter Schiff nails it

jneo's picture
jneo
Status: Platinum Member (Offline)
Joined: Jan 7 2009
Posts: 742
Re: Peter Schiff nails it

 

Overall this guy is a joke, terrible review.  Skips over issues and moves on with the arrogance that of a limbaugh.  

What a bag of ignorance.  People love to shop at walmart, more like they are FORCED, and the consumer forces Outsourcing?  Yikes.  

 

www.youtube.com/watch?v=DwY3J3pcbSU&feature=related

www.youtube.com/watch?v=WGXZp7RMCnY&feature=related

kleinhorse's picture
kleinhorse
Status: Member (Offline)
Joined: Nov 15 2010
Posts: 5
Re: Peter Schiff nails it

Totally absurd.  Wants government involvement to be like it was in the 50s... including, as he says "no income tax."  Does he realize that income tax levels at the highest bracket were over 90% in the 50s?  That's why the distribution of wealth was so much more reasonable.  Lowering taxes is the thing that has allowed the disparity of wealth to grow so greatly, not "government programs."

jneo's picture
jneo
Status: Platinum Member (Offline)
Joined: Jan 7 2009
Posts: 742
Re: Peter Schiff nails it

 

I noticed that too, but the overall view is that if income taxes and such were not put in practice, there would be more economic momentum.  The trend of creating technology to free humanity is the ultimate goal and will continue having certeris paribus, but that is another issue.  

The old view of new technology subtracts jobs but adds jobs is true to a degree, but as the trend of better, faster, quicker technology continues humans will have a natural tendency to displace people asap hence purchasing power will decrease.  Machines do not need health insurance, vacation time, sleep, company car, and so on, it's just the way it is, anyone who disagrees stop using your computer.  

A fun event will be taking place I believe Feb.  A supercomputer will be challenging humans in JEOPARDY!!!  this will be interesting to see  what happens.

www.suntimes.com/entertainment/television/2843859-418/jeopardy-ibm-watso...

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments