PETER SCHIFF

PETER SCHIFF
Showing posts with label Reddit. Show all posts
Showing posts with label Reddit. Show all posts

Tuesday, July 7, 2009

Peter Schiff wants to legalize drugs

during his Q&A on Reddit Peter Schiff received a specific question from a user called "Cow with Beef" ...about Peter Schiff's stand on drug war and federal prohibition , Peter Schiff answers that in case his campaign "unfortunately there more pressing concerns" he said "the government war on drugs was a complete failure , it is no more successful than the war on alcohol during the prohibition " records show that when the government made alcohol illegal its use went up but also crime went up as well "and I think that the laws that criminalize the use of drugs created incentives through high prices for pushers to sell drugs and we ended up having more drug use as result of drugs illegalization and in addition we created a criminal problem out of a health problem , and I think 90% of the people in jail are in jail because of drugs related crimes , and most of the crimes are theft , cause people have to steal money in order to buy drugs , instead if the drugs were legal they would be less expensive and people would not have to commit crimes in order to afford them also if drugs were legal they would be much pure much safer , they would not be this health risk for the drug addicts if the drugs were legal and legally distributed"

Thursday, July 2, 2009

Peter Schiff disagrees with Marc Faber on Hyper inflation

Peter Schiff answering your Reddit questions : Peter Schiff was on reddit lately answering your questions , reddit is a social media similar somehow to facebook and tweeter , the 10 questions touched several topics : Peter Schiff said amongst other things that he believes that the seized Japanese bonds on the Swiss Italian border seem to be counterfeit , because it is not logical that the Japanese finance minister will count on two individuals to smuggle that big amount of bonds , besides the old age of the bonds indicate that probably they are fake cause at that time we very unlikely had that much of bonds in press , Peter Schiff also said that he disagrees with Marc Faber regarding the probable hyperinflation , yes we will have a high inflation he said but I doubt that we will really have a hyperinflation ,how high we do not now but it will certainly be higher than the one we had in the 1917s he added.... that's a worse case scenario and it is very unlikely.... Peter was as excellent and outspoken as usual




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