What is Digg?121 Comments
- Stryder81, on 10/04/2008, -1/+54PT 2: http://www.youtube.com/watch?v=eMN5POiY0Ec
- macman2k, on 10/04/2008, -1/+43The moderator never let Peter talk... if the economy goes south the only way to keep government power limited is to not give it ANY ground and to take away powers it used to create the mess!
- brad3378, on 10/05/2008, -1/+34Guys like this ***** with the glasses are the reason why everybody is scared ***** with his ***** fear mongering.
- ziggyone, on 10/05/2008, -1/+33Propping up a bad economy is only going to lead to worse recession... I love how our "representatives" are making the same mistakes that helped lead to the great depression.
- emazur, on 10/05/2008, -2/+32Why can't the freakin' farmers write a check for the fertilizer instead of buying it on credit?
That guy Keeb was OK in pt. 1 (not nearly annoying as last time he showed up on digg against Schiff), but in pt. 2 he went back to his old ways, and Schiff didn't get nearly enough time to talk. I'm looking forward his 1 hour meeting with Glenn Beck on Monday on CNN.
"Letting the inmates run the asylum" - damn straight. And those clips made Paulson look pretty bad. Dugg - PeppermintPig, on 10/05/2008, -0/+28Saw this on earlier today. Stephen "Let me finish!!!!!" Greeb just spewed nonsense about giving government the power to do whatever it wants while ignoring the source of the problem.
Peter Schiff was on point and nailed the problems that the vast majority in government either do not understand, or are not willing to face up to. - marcabminion, on 10/05/2008, -1/+27Wow .. what about letting the man speak. It's so annoying with these hyber-tvshows, where so little time is available and thus people fight half the time for airtime and/or to get their points through.
http://www.europac.net/media/PeterSchiff_09-24-200 ... for Peter's latest radio show - a lot better and wont wind you up. - mattikolu, on 10/05/2008, -0/+20Peter Schiff, along with people like Roubini, has warned about exactly this situation arising for many years. Here's an interview with him in 2006:
http://www.youtube.com/watch?v=LfascZSTU4o
Maybe, just maybe, people should listen to them a bit more. - Ciryon, on 10/05/2008, -2/+22I can't watch this. That little rat's voice is chewing through my brain.
- jaksu, on 10/05/2008, -0/+17why are the interviews on so important topics so short? Does everyone have ADD?
- zsavior, on 10/05/2008, -0/+17Just in case you don't understand what a wolf in sheep's clothing is that Guy Steven Lead could probably knock down a house made of STEAL! Using the fear of All things STARVATION, he saying "Better to give the government some power now, then too much later" Peter Schiff goes on to say that is B.S. the money won't be enough and they will end up doing an even bigger bail out for this bail out.
So what does that snake say? Pay real attention, to the double talk "Yes yes, you might be right, but give them what ever power they need now, and maybe more later So we don't have a total dictatorship later on!"......WHAT? First Steven lead says give them some power, then when the argument is countered that it won't work he says again WELL ok give them more. He argues he doesn't want some over blown huge government right away, but instead give it to them bit by bit, little by little. If that isn't double talk what is, and just to show you how in on it everybody is: The host Never calls him on that fact that he argues NO NO NO dictatorship full government control wrong, but then says Give it to them little by little by little. - defunctlife, on 10/05/2008, -0/+17Wow let the man talk.
- tempysmurf, on 10/05/2008, -0/+15I think it's funny that the amount we've spent on the war is pretty much the same amount as the bailout. Now we're paying twice, when if we wouldn't have went to war we'd be paying nothing.
- inactive, on 10/05/2008, -1/+15Game plan:
1) Pump billions upon trillions of money into the economy, out of thin air.
2) Pretend to 'save' the economy whilst sky-rocketing inflation and destroying the value of the dollar. This will act as a pretext for future contractionary actions.
3) Use the media to highlight the impending inflation threat. Now, wittingly acknowledge the inflation that's been caused. Use this a legitimate reason to create the greatest depression the world has come to know. Contract the money supply and squeeze the life-blood out of the economy. - blippityblop, on 10/05/2008, -1/+14Let it burn already. The more you prolong chaos, the crazier it'll be when it finally lets loose.
- SundayBrunch, on 10/05/2008, -0/+13I don't mind the ratty guy's voice or demeanor, but I think he's wrong on this one.
- OneLess, on 10/05/2008, -0/+13I think "moderator" is a misnomer. She was arguing against Schiff as much as Leeb was.
- sigg14, on 10/05/2008, -0/+13exactly. this is all according to plan. next comes the crash of the US dollar and then the "amero" then the NAU. when that happens what will people think of the "conspiracy" theorists who warned us that all this would happen?
- inactive, on 10/05/2008, -0/+12Peter Schiff has been on fire lately. Watch the clip of him being mocked back in 2006 for predicting all of this. http://in.youtube.com/watch?v=IU6PamCQ6zw&feature= ...
- nick1971, on 10/05/2008, -0/+12If you hide under the sheets and sing God bless America loud enough intermingled with moments where you shout USA USA under these situation your investments are safe.
/s - mablung, on 10/05/2008, -0/+11I love how he just so happens to use fertilizer as his argument. What better way to instill fear than to threaten with starvation.
- inactive, on 10/05/2008, -1/+11Peter Schiff has been right 100% of the time. Go look at his predictions last year and the year before.
How pathetic that his intelligence and experience has been dwindled down and translated by some plastic head fake journalist bimbos.
Unbelievable!
I think it is time to boycott mainstream media. These people are a joke! - getatmedigg, on 10/05/2008, -0/+9Nice videos. I like Peter Schiff. The bailout is a harbringer of doom.
- hugolp, on 10/05/2008, -1/+10Little rat with glasses: -"... and that means that if we dont do something quick we could have mass starvation,not only in this country but all over the globe" ... and the sky will be set on fire, it will fall over your head and the apocalipsis will begin. That is unless you give the wallstreet guys 700 billions that you earn. Its a small price for not going to hell guys, hes being reasonable, isnt it? Anyways it doesnt matter because the congress allredy sold the US people.
- inactive, on 10/05/2008, -0/+9Peter Schiff - Always cool, always in control ... always right.
And once again they pair him off with that turd of a man sitting next to him. - inactive, on 10/05/2008, -0/+9Stephen Leeb is a complete dweeb. He is a carbon clone of Art Laffer (Former Ronald McReagan Economic Advisor). Both of these idiots have been wrong almost every time in the past while Peter Schiff has been right. "A few months ago this idiot was babbling on about how "strong" the economy is and will be. A few months later the moron is shouting "The house is on fire"
Art Laffer (Former Ronald McReagan Economic Advisor)
http://www.youtube.com/watch?v=IU6PamCQ6zw&feature ...
Turn these neocon idiots off. You'd end up smarter watching Saturday morning cartoons. - SargassoX, on 10/05/2008, -1/+10Lets be clear Paulson, Bernake and all the other insiders have known what was comming for months. However thier job is too inspire confidence in the banking system. All of the earlier clips were of them lying through thier teeth to discourage people from believing the calamity we are now seeing. They cannot be trusted. Thier job is to spin everything.
- fancypantscz, on 10/05/2008, -0/+8Did network television air anyone with the balls to say the king has no clothes on during the run up to the Iraq war?
Television has proven itself to be nothing but a source of obfuscation in matters where public opinion might turn to challenge the status quo and upset our current social hierarchy. The massive media corporations are children of the system that has lead to our current financial collapse. They have no interest in getting to the root cause of this mess because their economic model of massive profits for the wealthy elite would be shown to be unsustainable and harmful to our society as a whole.
If there was another bubble we could inflate to bridge this crisis it would have happened a long time ago. Its time we dealt with the fundamentals of our economic system that are by definition dependent on massive debt creation. I have become convinced that the very nature of our banking system must change if we are ever to achieve any long term economic stability.
Capitalism doesn't need massive regulation if our money is sound. Fractional reserve, Fiat money, and the Federal Reserve are a recipe for disaster even with the tightest of regulations.
Without limitless resources and free energy there is simply no way to continuously outgrow the ever increasing interest payments on the debt that must be created to make our current economy go around. The only way to make sense of this cyclical defect in our economic system is to understand our Money as Debt: http://video.google.com/videoplay?docid=-905047436 ... - VitriolAndAngst, on 10/05/2008, -2/+9Peter Schiff and Stephen Leeb are both wrong.
Peter is right, that the government shouldn't be doing anything LEGALLY, and that they are throwing gas on the problem. His idea that the free market will solve this is wrong - because all this was manipulated. It also had nothing to do with "forcing mortgage lenders to be kind to the poor" as the ***** NeoCons like Anne Coulter love to tell us. A Predatory Ninja loan to someone who can be in a thirty-year fixed is not kindness, it is blatantly ripping someone off by a lender that should be thrown in jail. Allowing the financial houses to go from 12 time leverage to 40 times leverage was the most irresponsible thing. All the regulators should have known better -- and probably did.
I've talked many times about what can be done -- Schiff and Leeb both are nowhere near what should be done. But this problem will not be solved by giving money to banks. The wealthy are putting money in T-Bills, Gold and offshore. Why is there no liquidity? Because nobody trusts the game -- Paulson and Bernanke have let everyone lie. No bank can be bribed to put money into the US economy if they think they aren't going to get a return. Also, the Fed is manipulating things so that money is drying up -- probably to make mainstreet feel some of the pain so that Congress gets convinced they must act.
This is another 9/11 but in the financial markets. And the talking heads are there to confuse you.
Hoover also put money into the banks and totally failed. It was not until FDR's third year in office, when all the "financial" tricks had been exhausted, that he started putting money into the hands of the people. Without the people making more money -- there is nothing for any company to invest in. Car sales are off 35% -- that was the harbinger of the last Republican Great Depression, which happened after Republicans had three terms in office and created the exact same mess. These guys don't need to make speeches -- they can just repeat all the same things that the street and government told the people in the 30's.
This Great Depression could possibly be worse. In the 1930's America made all its own products, lived on 100% local energy, and was a creditor to the rest of the world. That situation is now reversed, and BushCo is making sure they bail out foreign multinational interests. When we try and work our way out of this, we will be sending the profits overseas. Spain will own toll roads in the North East. Saudi Arabia will be owning weapons manufacturing plants. Japan will be owning the entertainment companies. Big Oil isn't investing in drill bits -- they are buying up old folks homes and municipal water supplies.
Ron Paul and his helpers are doing a good thing -- by screaming about the crooks. - edwinjose, on 10/05/2008, -0/+6Peter Schiff: "We can only loan out money that somebody saves.... And the government can't replace credit with the printing press".
Classic! - Ineedanap, on 10/05/2008, -0/+6I am really starting to think its time to stock up on ammo. God thats a nasty thought.
- sgt99999, on 10/05/2008, -1/+6What! Not bailing out the schyster bankers is equivalent to saluting Hitler? What an idiot.
- hugolp, on 10/05/2008, -3/+8They were not mistakes. They did exactly what they were suposed to do.
- hugolp, on 10/05/2008, -0/+5"Their job is to spin everything" It is so cute to see someone that still believes the US goverment is not completely corrupted.
- nick1971, on 10/05/2008, -0/+5You don't really want to have facts because they are far to frightening.
I love the US, and have many friends there, but if you want to hear what we are thinking outside the US, including my party a couple weeks ago, which was in Germany with a 5% group of US expatriates read http://digg.com/2008_us_elections/A_Mighty_Wind_bl ... Its not pretty but its true. - avengingturnip, on 10/05/2008, -0/+5Which is the primary cause of inflation since they have to be created by the fed to be borrowed by the gubmint.
- quesi, on 10/05/2008, -0/+5yeah, and what will people think of the "coincidence" theorists that tried to prevent the truth from getting out?
SOMETHING must be done. yeah, about the armed fascist coup on the United States. - inactive, on 10/05/2008, -0/+5common sense such as free market austrian economics Schiff, and government Keynesian economics Larouche all saw this crash coming.
- leelandpalmer, on 10/05/2008, -0/+5The squirrelly looking fellow knows how to steal air time, but it was sweet to see him run into Schiff's wall of 'NO!'s on occation.
"No................. NO!!!" - dialectical, on 10/05/2008, -0/+5"The freaky part of all of this is that we are so far removed, in our daily life, from the system. Even worse, most people who were once considered Capitalists ("Banks", financial institutions) do not even participate in any sort of Market.
Capitalism is alienated from the Market!"
... you read it here first - NeoConned08, on 10/05/2008, -1/+6The Community Reinvestment Act + easy credit from a private central banking group known as the Federal Reserve + a lack of understanding of Austrian Economics = the end of the US and one step closer towards a one world socialist system. Thanks for helping that along mister rock.
- mikelist, on 10/05/2008, -0/+4well, he was certainly scared, he kind of reminded me of the dustin hoffman character in "rainman" when he was getting shrill about the agricultural issue.
- inactive, on 10/05/2008, -0/+4More like pissing on a live power line.
- nickstang, on 10/05/2008, -0/+4here is a nice collection of his interviews
http://csinvestor.com/peter-schiff-videos-the-econ ...
Have a listen to this interview of him I have been sending to family and friends.
http://rapidshare.com/files/150697250/fsn2007-0310 ... - rowlodge, on 10/05/2008, -0/+4that women compared it to nuclear war, so this bailout is spawned out of FEAR and irrational thought, which is worse.
- dialectical, on 10/05/2008, -0/+4Yup, he made no sense and was a complete hysterical mess.
- Corrosionx, on 10/05/2008, -1/+4Keynesian economics fail.
- inactive, on 10/05/2008, -0/+35:28, "let me finniisshhhh" Leeb sounds like a little girl
- jgubbe, on 10/05/2008, -0/+3what a little fear mongering tweaker with glasses
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