Real Estate
11/20/2008 Part 1/2 Peter Schiff On Campbell Brown: Market Plummets
December 20, 2009 by admin · 25 Comments
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campbell brown is really a clueless @*#¤!”
The US is the home of the broke.
All the wall street people and look what happen?
Man ever since Ted Turner was forced to leave CNN has gone completely down hill. Campbell Brown is perfect evidence of someone that has no clue. Peter thanks for setting the fools straight!
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why would anyone want to lead the ACLU? LOL
what a RETARD!
1) Prof Weller is a closet Commie
2) Peter Schiff was right…….again
Why was my comment given 5 thumbs down?
Anyone who claims the government is doing the right thing needs to take a Economics class in order to see through all these malicious lies.
yeah and you wanna know why there are so many poor people. Ok the minimum wage in my state last year was around $5. In 1971 when we went off the gold standard, adjusted for inflation, the minimum wage was at $9.50. Then we got off the gold standard and the dollar plummeted and is dropping year after year because we can not stop printing money.
are you kidding me? the minimum wage is a joke in America – you’ve got fatcat fiscal losers pocketing billions of dollars and wandering off to Palm islands in Dubai and your pissing and moaning about an autoworker getting $x an hour. The facts are even if you pay americans so little they can’t afford to eat or clothe themselves there will still be someone overseas who’ll do that work for less.
I think the For union auto workers finally woke up and saw what the union over at GM was doing to their future.
Strong unions are good for the economy? Hahahahaha! How precious.
if you are not educated in economics you have no valid argument to provide.
When wages are increased “artificially” that is by government fiat, inflation occurs. Why? A large group is receiving more wealth than they are generating.
If an employer can afford to pay someone $25/hr they will. Why? Because if they don’t another auto company, like a non-entrenched union Japanese plant, will build cheaper cars. They’re cheaper because the workers aren’t being paid $25/hr to change tires on an assembly line.
Labor Unions DESTROY ECONOMIES – PERIOD
Unions destroy the middle-class. They were DESIGNED to destroy the middle-class. The idea of unions goes back to the central-planning and Socialist/Communist Progressive Movement. Otto Von Bismark wanted Germans to become dependent upon the state, hence the term Welfare State was proudly created.
Unions invariably increase the cost of production by receiving over-inflated wages through government protection and intervention.
If you want more Peter Schiff videos, articles and his weekly podcast, check out Peter-Schiff . com, which is all on one page.
Unions are not the problem. In Germany where every auto-job is unionized workers make 3-times more than the US auto workers. German cars are selling like cupcakes. In fact German auto workers are the biggest buyers of their own factory’s cars, because a.) they can afford them, and b.) they are proud of what they make. But, its true, VW CEO doesn’t put 25 million Euros into his own pocket. And thats also because of the Union.
Gold is a suckers bet at current prices.
It doesn’t get any “Bigger Picture” than Peter Schiff!
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I have bought gold, and commodities long before Mr Schiff ever showed up on CNBC. I don’t invest in Asia, I consider it treasonous to build China’s infrastructure. They are communist and have no plans of changing their political ideology. They just got a gift from Mr. Clinton, and Bush Sr. by giving them MFN. All those intent on exploiting cheap Mexican labor, made a b-line for China with their 1.2 billon labor force. We have the economic mess today, because of that unpatriotic greed.
My freeloading friends; my friends are hard working americans, who through no fault of their own have had their livleyhood jurked out from under them, by a manipulative government owned by their corperate masters. Their ancient goal is to produce a global plantation for themselves. We didn’t send jobs overseas, your types did. In the past, few years government has attempted to do what common decency, kindness, and patriotism had taken care of, in previous generations.
As for the dollar, I don’t keep any money in cash — buy gold, commodities, stocks in Asian markets, etc. because it’s not a matter of “if,” but “when” the dollar collapses. Use its little purchasing power while it still has some, and buy something of real worth. And I don’t think the smart “should” exploit the dumb, etc, but I don’t see how it could ever be different — historically, it never has. Attempting to artificially level the playing field creates the problems we see today.