Peter Schiff From Orlando Florida criticizes the Obama administration economic policies " The Best thing that governement would do in the economy and the housing market is absolutely Nothing !" let the market forces work without any intervention
The Italian auto maker Fiat would be "Nuts" to buy a 25% Share in a " Union Controlled" Chrysler
PETER SCHIFF
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by Peter Schiff April 17, 2009 In a speech this week summarizing his administration’s economic policies, President Obama grossly overstated ...
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Peter Schiff :" "The money is coming into existence based on debt, based on government spending . When government spends money ...
I posted the following comment on the "Peterschiffchannel" but it seem to have been deleted. I really don't know why. I like Peter Schiff and "petershiffchannel" is my only subscription. The reason I had posted was that I thought I missed something and someone might be able to clarify.
ReplyDeleteThe comment/question read:
Why would you suggest people stop paying on their second mortgages when you know if that happens the taxpayer will foot the bill?
As you know, the government, at least for now, is not going to allow any major bank to fail, instead it will bail it out with the aim of taking over the banking system.
I like Peter Shiff. His thought is special and he speaks out. The ideal of saving and producing is similar with one Chinese ideal of several thousand years ago. Several thousand years ago Chinese government think that farm and producing are really proving the country not trading – sale and buy. Trading can make several people rich but not the country. So they encourage the farm and producing not trading. Those are the things happen before the whole word know each other.
ReplyDeletemaria darling I do not delete any comments whatsoever ...
ReplyDeleteGood job Peter. I can't figure it out why anyone with brains would watch CNBC, FOXNEWS BUSINESS. I also don't understand what people see in the FAKE numbers to buy stocks.
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