Why Not Go All-In on Socialism?
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- Peter Schiff on Alex Jones InfoWars 11/20/2015
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Elect Bernie Sanders or Hillary. Let the system collapse. End the discussion about Socialism, which has been disastrous every time it's been tried. Rebuild.
+mizskellington The only problem with that is that you're guaranteed to suffer misery and death until the socialists finally capitulate or are overthrown. The history has been very consistent on that score.
True... but hopefully those of us who are intelligent enough to prepare for such a collapse will be able to lessen the suffering of themselves and the people they care about.
Don't vote Hillary, that's a slow death - you need a brutal , in your face leftwinger as Sander
A guy everyone could point at and say - This destroyed us !
without question
Hillary might be the worst that can happen to the US
Haavard Baatnes The imbecile electorate will just blame congress for not getting what they want which will in their sub 100 IQ pea brains will mean that a benevolent dictator is required. And I'm not kidding, look at world history and typical societal reactions. We're on a planet populated by a majority of imbeciles. America became what was in the first few centuries of existence when the smart people got the fuck out of other nations populated by those same imbeciles. Now we're growing our own and furiously importing third world imbeciles. What is happening to us is a predictable as sun rise and sun set.
+mizskellington They will still blame G Bush for his de regulation. Even though he increased regulations more than any president before him.
The communists are never happy until everyone is equally poor.
End the Fed
Going from a range of (0-.25) to .25 is hardly a hike. It's basically already there.
+Austrian Markets Yeah, there's no real difference between a quarter in interest rates.
+Austrian Markets I agree. I think if they hike in Dec it's going dawn on everyone a few weeks later, that nothing has changed. National debt almost 19 trillion and rising, still have ZIRP (.25 is still basically 0), still have 4.5 trillion on the Fed's balance sheet and the economy is still getting worse.
+Austrian Markets with the way the dollar has strengthened and with Draghi likely to expand QE for the Euro, with the fed doing nothing at the moment, it's having the same effect of a small rate hike. I don't see how they can raise, if they do raise, it'll prove to me they have no idea what they're doing.
Haha! Hilarious to see the Internet Libertarians in full damage control mode right now. A month ago it was "the Fed can *never* raise rates without bringing on a dollar collapse, Armageddon, and WWIII". Now, it's "a quarter point rate hike isn't a _real_ rate hike, and it won't change anything anyhow."
So when's the _real_ dollar collapse now? Let me guess, "before the end of the century"? LMAO!
+LacusTheDestroyer Tomorrow.
did he just say ronald reagan was the one decent president we had? he was a fucking actor! JFK was the last decent president we had...
A NEW AMERICA BERNIE SANDERS FOR PRESIDENT
😂🤣😂🤣😂🤣😂🤣
How much has corporate welfare harmed the country? Remember corporations especially the large ones undermine democracy and yet they constantly push for and receive less regulation and lower taxes.
Social Security is not a handout, your government pension is deducted from your cheque every week and your employer also pays. The program is financed by the recipients and their employers, but the government spends the money! What can they say when they are bankrupt and cannot pay your pension; "Sorry but we spent all the money we stole from you all these years and we cannot pay you for what you paid for, so we need to tax you more and you can't stop working!!"
It's time to cut off the corporate welfare before they sink everybody!
I'm still confused on how a quarter point (+0.25) will dismantle our economy...can someone help me understand how this very small increase will be so devastating?
Think of a house of cards.
Alright. And how does a very small 0.25 rate increase topple that house of cards? We even saw Wall Street go up the other day when talks of interest rates. Not because Wall Street likes interest rates, they in fact hate them, but because if there was to be a hike it would be so minimal. I can see how a 1.5% or higher rate could topple our economy but not a small 0.25 hike.
Well, never bet against human stupidity.
That's the angle I'm taking.
Couple that with a small number of people with rudimentary algorithms controlling most trading on the major exchanges, and it's not hard to imagine how people can respond to a ripple in the pond.
+russ15doinwork I don't think it will but it doesn't fix the problem either. For the same reason, it's microscopic. If they raise rates enough to be significant, like 2 or 3%, then it will crash the economy.
+cr113 Why would they raise rates 3% when inflation is zero? They are setting a higher federal funds target to get ahead of inflation. There is no need to raise rates 3%.
Corporate welfare is thousands of times larger than social welfare.
There has never been a socialist society. Being social is good. Adding the suffix, -ism, or, -ist, does little to modify the definition. Truth is self evident, lies are taught.
Democrat or Republican, both are the same.
They both agree on high pay for themselves, pensions for themselves, the best free healthcare for themselves, private Unions for themselves, private schools for their children, private resorts where they all travel with their families.
Politics is a Party, and they do.
Yep, u are right on... They party on all us peasants. Why would they ever change it?
They are Opposing parties who have a Super Pact. Red versus Blue, just like Alex's studio.
A Pact, a formal agreement between individuals or parties.
They agree to never publicly agree in order to maintain an illusion of choice.
We know what's coming: foreign currency drops for cheaper exports and to support their economy, the US dollar rises as a result of other countries wanting to seek refuge in the US dollar as their currency is devalued, this then makes the US exports too expensive for other countries to buy, the US has a surplus of goods and a recession as layoffs ramp up, the recession and deflation has to be a big one for the Fed to have the excuse to do a Mega QE that will put us into hyperinflation. Meanwhile Obama, Bush, and Clinton will be playing golf...
Good stuff Peter!
Peter I know you had a Gold based debit card (or similar) where you own gold and at the point of purchase it is turned into cash for the retailer.
Would it be possible to have a global currency based on, lets say, a Global 10,000 fund in which stock is purchased in the top 10,000 companies around the world? Then when a purchase is made the shares are covered to cash.
If it was a global fund, with companies all over the world, it would be the most stable possible rather than just an American fund. Then no more inflation, and money is finally backed by something.
With this idea we have real value in real assets rather than buying metal and sticking it in your basement, worrying if it is stolen. Plus no one can inflate it.
And would this be legally possible?
+Purple Vortexx The top 10,000 in revenue? Total profit? Profit margin? Not taking into account the fact that you're being forced to have shares in companies you might find economically unstable or morally dubious in regards to their state sponsorship, what makes you think it will be stable? They would be operating in economies dominated by unstable governments. The top 10,000 companies (however defined) would be constantly moving in and out of the top 10,000. How would that make it backed by anything?
Mark Allen No one is forced. It is a free market version, outside of government control. The same as Peters Gold Debit card.
A fund manager would make the decisions of which companies were suitable.I was just playing with the concept of it.
The details are later, I just wanted to know if it would be legally possible. Or would the government kill it fast.
If it can be done legally I will put a lot of time into researching it. Not that I want to be the one to manage it, but as long as someone would do it I would personally much rather have that than fiat currency.
+Purple Vortexx Legal compliance would probably be the hardest part. There's already exchange-traded index funds which are weighted relative to market capitalization. Each index fund could be tracked as a seperate sub-account, and shares sold off for cash at the present exchange rate at each transaction, with any fractional remainder balance held in something like Bitcoin, gold, or USD.
it would be wise however to store at least $1000 in local currency automatically however, especially for the poor, who might not even have that much, and who have bills to pay, and may not have any room for the stock market to drop 5 points.
We've already gone all-in and look at the craphole our country has become....
I think that's a great ideas we go all in on socializme and no one ever has to work again. Just like in Rome.
+davincij15 Rome was socialist?? Thanks for the laugh.
+Finnish Anarchist In the end they were they had all kinds of government programs and people on the dole. So let us all go on the dole and see what happens!
It's not like we have tried it before! LOL
It's funny now that I think about it if you didn't know that Rome became socialist then no one will remember that US became socialist. mmm Something to think about.
Peter, am I the only one who's noticed that we no longer raise the debt ceiling, we suspend it?
collectivsm will cosume all of humanity, its just a matter of time
It would be a magnificent and great thing if all prices that determine CPI went up dramatically for all Europeans. Perhaps 500% That would make everyone really rich, rich, rich. (The higher prices would show it). After all you would want to be able to afford less than what you could last year if you were living in Europe or anywhere else.
Yeah. That would Really be good !! The people would be cheering in the streets at those higher prices. Party, Party, Party.
Oh ! Wait a moment they wouldn't be able to afford the Party !! Maybe they would just be working longer hours to buy some bread !
That hot momma Janet is calling your bluff Peter.
Can you imagine her in a french made outfit...growllll!
You better watch out Schiff. Your talking sense.
Geesh Peter, have some balls and stick to your guns. You previously trumpeted over and over that the Fed would not raise rates. Now your back tracking.
+Dan Bev Did you even listen to the interview? Troll.
BalZac419
Yes butt cheeks I did listen to it.
+Dan Bev USA is in 0-0.25% range. For the Fed to PRETEND that it raises rates it is just enough to say that the range now is not 0-0.25 but 0.25 to 0.25.
+romanmir01
Actually, the new range would be 0.25-0.50.
+Dan Bev Meh. You're*
guys stop buying this gold and silver so it will come down!
They already have and gold is coming down.
Peter do you sell physical gold into Europe? Or just America?
This is crazy. Peter uses logic and Alex uses tin foil hat stuff when adding his opinion. I don't whether to laugh or what. It's a miracle he didn't say it was the Illuminati. LOL!
The GREAT, GREAT depression is coming.QE 4 unlimited soon.May Yahweh give you your hearts desire.bless you
Peter, I dont like your youtube channel because I believe its very negative.. but when interviewed you are spot on and very through...
The odd couple
I like his show I think it's entertaining, but Alex does not understand economics
Alex is a joke. He fools only the fools that allow him to. Peter, keep up the great work! I have respect for your work you do.
Peter is running desperate, poor Pete only if he knew how to make good returns.