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Spending, sovereign debt, “debates”

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Duration : 0:9:59


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This entry was posted on Sunday, July 11th, 2010 at 6:42 pm and is filed under debates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

25 Responses to “Spending, sovereign debt, “debates””

  1. HowToChangeTheWorld on July 11th, 2010 at 6:42 pm

    @britishjohn04 …
    @britishjohn04 Saving bank notes only causes those interest bearing contracts to perpetuate the outstanding debt. Money (commercial paper) is made to be spent. If you want to hold capital, do so with commodities that are easy to traffic in the future. WATER is a great commodity, and talk about liquidity, everybody needs water.

  2. HowToChangeTheWorld on July 11th, 2010 at 6:42 pm

    @SupraSovereign …
    @SupraSovereign Have faith in the future of man. There is no money other then commodity money! Commercial paper ain’t shit, it’s just paper. I’d prefer a pile of manure as opposed to fancy bank notes issued by slave trafficking banks. It’s funny, slaves are one of the oldest forms of currency.

    Self-governance requires that we all be reasonable and have knowledge of agriculture, law and traffic. I believe these are the three pillars of civilization.

  3. there is a fix. ONE …
    there is a fix. ONE FIX. before a global depression. and it is simple and can be accomplished overnight. Starting at noon today NO money can any longer collect INTEREST !

    sit back and watch people buy cars homes pay off their mortgages build businesses create free markets and enjoy sharing with other countries rather than existing on a military economy necessitating bombing them.

    Too simple for arrogant wealthy politicians and Banks to comprehend.

  4. bearcats54321 on July 11th, 2010 at 6:42 pm

    @0oHIZAKIo0 YES …
    @0oHIZAKIo0 YES somebody gets it! all you have to do is follow the fake fiat currency trail and you will get to the truth every time, same thing with “health care reform” and “student loan reform” its all a power grab.

  5. 3 Easy steps to fix …
    3 Easy steps to fix your mess:

    a) No more WAR & Income Tax
    b) Use ARMY for Farming & Aid
    3) unplug your TVs and rize

  6. You don’t have to …
    You don’t have to be a climetologist to see through the lies we were fed by the IPCC. You just need some good old common sense. The leaked e-mails give you a pretty good idea what methods they used to force their cooked-up ideas on us. By now it should be obvious to everyone that man made global warming was made up. Hell, the very people pushing this agenda has changed their marketing strategy and not it’s “climate change”. But I won’t argue any further, you can believe whatever you like.

  7. britishjohn04 on July 11th, 2010 at 6:42 pm

    You are of course …
    You are of course right, the whole system is predicated upon the notion of a falsehood that a planned, central banking economy is one which is sustainable in the long term. Ultimately the systemic problems will only be resolved with actual collapse of the system and a more preferable system will be predicated upon the creation of a more mathematically perfect economy; many would argue that this is the genuine free market.

  8. Nintendomanwill on July 11th, 2010 at 6:42 pm

    @britishjohn04

    …
    @britishjohn04

    Obviously part of that analysis is that FRB is led to inflate and thus sustain gluts that must clear when central banks hold rates artificially low causing depletion of loanable funds from saving while fiat loans are simultaneously created with those low rates. In this way the arbiters of the lengthy boom bring themselves down under their own toxicity.

  9. Nintendomanwill on July 11th, 2010 at 6:42 pm

    @britishjohn04

    …
    @britishjohn04

    But all banks are effectively ‘casino banks’ because of the imposed paradigm of central banking, which expands credit thus inducing unwarranted production where that fiat money goes; from that initiation of malinvestment banks can either continue to paper over malinvestments tied to their assets, fuelling speculative booms. This means that all banks tend to accumulate toxic assets following increases in the money supply. They will all fail with central banking and unsound money.

  10. SupraSovereign on July 11th, 2010 at 6:42 pm

    When the NWO is …
    When the NWO is fully in place, you wont have to worry about money anymore. Youll have MUCH bigger problems….all you who are chasing money and forgot how to be self governing.

  11. thanks! makes alot …
    thanks! makes alot of sense US /UK will be screwed for a long time …most of the businesses there are service orientated…

  12. britishjohn04 on July 11th, 2010 at 6:42 pm

    The theory goes, if …
    The theory goes, if people save, the banks will have more liquidity to be able to lend to businesses, who can in turn invest in capital, which in turn should improve the performance of the business. Businesses then grow, hire more people and expand. Theoretically that’s how it should work, though I suspect that higher savings would be best placed in local banks rather than the casino banks that are closely linked to the Fed.

  13. can anyone explain …
    can anyone explain @ 1.44 Peter says ” and start saving,’coz only when consumers start saving can business start investing and start hiring ”
    Why does it follow that if people save,business’? will invest ? thx

    as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode…it’s a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!

  14. I am a Peter Schiff …
    I am a Peter Schiff fan. I watched a summary of the debate. He made great points as you would expect but he needs to improve his body language. He moved his head too much and rocked his body from side to side when he spoke. Silly stuff, I know, but he is trying to win a popularity contest and silly stuff matters in those.

  15. roaringwaterbay on July 11th, 2010 at 6:42 pm

    when will the …
    when will the economic crisis be over?

  16. WTF would he though …
    WTF would he though? Haters?

  17. @MrRuigni I was …
    @MrRuigni I was having the same problem with the last three he has posted. Wonder if he is getting cyber attacked

  18. This vid wont play.
    This vid wont play.

  19. BenZeneProject on July 11th, 2010 at 6:42 pm

    Go get ‘em, Peter.
    Go get ‘em, Peter.

  20. another 10 minutes …
    another 10 minutes of yikkity yaka.

  21. Hey Pete, My cuz …
    Hey Pete, My cuz is buying a home and he’s getting a sub-prime loan!! Like a dummy he’s gonig to mortgage 110% of his house. I told him he will regret that because the market will never turn around. He’s going to lose his butt!!

  22. drummer4life534 on July 11th, 2010 at 6:42 pm

    ever been to …
    ever been to ukraine for 3 years? doubt it. America doesnt have real capitalism. its all cronied out. socialismn fascism communism similar just different degree’s of intervening from government they’re all monetaryism. were all brainwashed to think that currency and money is the only motive to new ideas and solutions, the only incentive to move forward. To get things done. We need a new system globally because this experiment has terrible conclusions ahead.

  23. she’s spending 50 …
    she’s spending 50 million – Peter can’t even come close to that – nor would he anyway

    and Kentucky is not Connecticut

  24. States have started …
    States have started to use nulification. Several states have said that if the Obamacare bill passes, the states will void it and also go after the constitutionality of some states having special deals. The tide is turning. More liberty candidates are winning. The more that win, the more will win in the future, because they are teaching others how our country is really supposed to be run.

    The dollar may crash before we stop the massive spending though!

  25. Rand Paul has …
    Rand Paul has double digit leads in polls against his Republican opponent. And double digit leads against each remaining democratic candidate. His will win and go to the senate unless he screws it up. There is a guy from california that just won the Republican primary from the INcumbent Republican that probably will win a house seat. Peter could win. is starting to make the rounds in person around Conn and people like him. He has absolutely no fear is discussing any topic. Candid.

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