Peter Schiff People now pay to get rid of the American Citizenship

Peter Schiff on the Lew Rockwell Show 4/22/10

Peter Schiff The Government is inflating The Government Bubble that bill bring us nothing but Socialism .At a certain point the only option left in front of the Americans is immigrating abroad, unfortunately the American government wants to tax the Americans even when they want to leave and give up the American citizenship , few decades ago the American citizenship was highly in demand , now people should pay just to get rid of it ...Peters newest book, soon to be available, is How An Economy Grows and Why It Crashes. It is an extended and updated version of his father, Irwin Schiffs, original and humorous cartoon book, The Kingdom of Moltz. Lew has always loved the book as an introduction to Austrian economics. Peters new version will expand to lampoon people like Obama and Bernanke.

Lew asks Peter what is ahead for our economy. Peter says there is no chance for a real recovery, and strikes out at the newest bubble a government bubble. Just what does that mean with $2 billion in new bonds looking for purchasers, while $2-3 trillion in older bonds are about to mature?

Rockwell asks what the average guy should do. Emigrate? And, is it true that the US forces citizens to pay to get rid of their citizenship status?

What has been the governments role in increased college tuitions? The feds have really helped students by making it impossible to work your way through college. Obama is making things worse, but the gold-plated debt university is not sustainable, and thank goodness.

Lew asks Peter about his political race in Connecticut. Peter bemoans the enormity of our present size and scope of government and warns that the spending must cease. We can and must reform really reform.


Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch .
Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse