Peter Schiff discusses Ron Paul’s coverage (or lack thereof) in the MSM in this Fox Business interview as well as the current economic/ fiscal situation here in the US, and states that ‘we’re headed for a real economic collapse no matter what!‘
Full interview below:
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To little to late….
you got that right!
The US economy is like a deflating balloon connected to two airlines. One airline is connected to another balloon(foreign economies such as China). The other airline is connected to an air pump (the Fed)
The US air Balloon is losing its air (money) because US citizens are buying foreign goods. All this lose of air (money) is filling the other countries balloon with air(money) lost from the US balloon. Seeing that the US balloon is deflating, the Fed steps in and begins to pump more air into the US economy balloon causing a big bubble. The US economy balloon will explode, when the Fed can’t stop pumping air and the other economies of the world send the US back their worthless dollars for US land and other assets. Which transfers wealth to countries such as China.
The only way to fix our economy is not by making the balloon bigger, but by fixing its structural integrity. This can be accomplished by creating more productive oriented businesses ( instead of service oriented businesses) that create actual physical things. So US citizens can buy those products instead.
Unfortunately politicians only know how to do one thing and thats to print more money. Politicians don’t know jack about starting a business from the ground up. They like to meddle with their respective economies by creating laws that weaken Productive businesses. Forcing them to close. As more and more businesses close or move over seas the US economy weakens.
Youtube:
Irwin Schiff Talks the Basics of Economics
Half a million people most likely watched that and maybe 1% of them will take any action at all. Most will shrug and think conspiracy theory and not give anything he said any consideration at all! Sad, and there is really very little anyone else can do to shake them awake. Not family, friends, neighbors or coworkers, no one.
What a bunch of bull!! The media never took Ron Paul serious. Even Fox News lives in denial.
If you heard the governor of NJ give the keynote speech last night he said — the republicans are going to run on the truth and he believes the people want to hear the truth.
Well the truth is pretty darn ugly so I’m waiting to hear it. One of the points in the above interview was I hope this collapse doesn’t happen to far into the new administration so capitalism can’t be blamed. So let’s see if the party lays out a plan to make this country fiscally responsible with a currency backed by precious metals and free market pricing. That means eliminate The Federal Reserve, break up the to big to fail banksters, cut defense spending big time, reform entitlements, eliminate all the agencies breaking the back of people and small business, restructure the tax code and stop borrowing money to give it to other countries. I could go on but you know the details.
So will the people respond to the truth? IMHO the whole system will have to crash and burn before a sound money system is put in place. That might not take as long as we have been thinking. They know it’s coming because they didn’t buy all those hollow point rounds for nothing. What a shame and may God help us. I hope I’m wrong because that’s when all that biblical suffering comes into play.
Schiff, like RP, has been spot on with his calls about the housing bubble and the economy. Only a fool would ignore what he says..
The USA economy will sure collapse because the standard of living is getting bad every year, inflation is rising and the national debt is always growing a lot every year.