PETER SCHIFF

PETER SCHIFF

Friday, April 3, 2009

Peter Schiff Vlog Report 03 Apr 2009

5 comments:

  1. love your vids, but please turn down your microphone a bit, thanks

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  2. hey, you're obviously the most sane and well-informed person on this subject; so how about you get the production quality of your vblogs up to snuff? your audio gets clipped a lot, the camera lens is wayyy too close and wide angle (see how your ears are pinned back?), and your lighting is very inconsistent.

    man I wish you were in charge of something. you seem to have such a tight read on stuff, and it looks like the ones pulling the strings are just throwing more wrong after wrong.

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  3. hay,
    I have been watchign videos for quite some time but please use a better microphone such that the videos can be worth your effort.

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  4. Great stuff, but audio quality very poor. Sounds real choppy - Maybe try less compression on the audio stream?

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  5. I have listened to you 1 april recording regarding China lending money to US. First of all I think this is that one who is borrowing is responsible for that, not the one who lends. :) It is like sombody taking drugs who cant stop doing it afterwards. This most probably of some hyper consumption which have become some national atribute and a way of living, and a object of a pride, which is first of all is a product of this consumerism culture. Certainly this is probably not the reason No 1. The problem is the borrowing. AND WHat comes to my mind is that the we have some world distribution of labor, for example China is producing - they sell manpower. Arabs, Russians.. they sell oil. Americans, they supposed to be, and they were some kind of BRAINS of this system.. :) which was very important duty. They were like a bank who should redistribute the money taking from those who has more of them giving it to those who need them. The rest of the world invested in US stocks, as it was a reliable bank. Who would do what it is expected. However, by being BRAINS of the system US surelly, used to take a higher interest for this job, .. this is natural, directors, they usually are better paid, and this is not abnormal. However they are usually paid depending on the work results. Well done job, is a profit for a company(bank). But if it does not give good results.Then it is bad for lenders. Thus the better done job, the more lenders trust in bank. However what if bank is run wrongly by the manager - THE BRAINS of the system, The lenders start to distrust in the bank, they may stop lending.. but I think that what keeps on lending is the very firm, reliable image US projects to the world (moral image is not included here). Those goverment securities (not sure about how they are called) that China buys, I think they are more reliable than stocks, you know, you can loose a lot, and then you wont have somebody to give them back,but with those securities, you know whom you lend the money and then you know whom to ask to return it. I think that the BRAINS of the system (US in this case) is a manager who is too confident in his abilities to control the system, but in meantime he is a person who started taking drugs (borrowing too much). These drugs are various comforts of life: house, a new car, traveling.. it is a symbol of true freedom and easiness of life. Recently he started to play very dangerously with drugs, and he started to loose the touch with reality still strongly relying on his abilities, and self confidence. But he did not perform his work well recently and he is about to face serious problems, he does not know a lot about. The problem is that he may fail. and most important that other partners will stop to trust in the institution he works. Since he still on drugs, he most probably will loose the money and will be fired.. But what he will do? He used to be very succesfull, the job he did is that of the succesful people. But he lost confidence of others, and he wont get the job he had, he may find no so well paid job, but it is probably, he wont get that, he will be asked to do something else he is not accustomed to do, it will be very hard to learn new skills, to become again a hard working person and not a well paid person. And he will have to compete with others like he.. well that is how I see the situation. He must change now quickly to take a better role to be paid well again, but this would be very hard to achieve since he is still on drugs, and he most probably do not want to change at all, and most probably does not want to work hard again,.. This is my metaphorical parallel how I understand. I do not know whether you shall read my message, but I shall read and listen your messages, since it is really very interesting and very important. Regards from Lithuania. Levas C.

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