tag:blogger.com,1999:blog-3758330678390419129.post6850868936572085040..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Peter Schiff Gives Congress an Awesome Lesson in EconomicsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-3758330678390419129.post-81343278058918511282011-09-18T19:11:48.424-04:002011-09-18T19:11:48.424-04:00The end of the USD is nigh. Inevitable AND IMMINEN...The end of the USD is nigh. Inevitable AND IMMINENT.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51883136167765291882011-09-17T11:30:00.582-04:002011-09-17T11:30:00.582-04:00"The trade deficit is important because it..."The trade deficit is important because it's now some $8 trillion "out there" which can be or has been used to buy debt, or can be used to buy controlling interest in US corporations."<br /><br />debt can NOT buy debt ... do you have any idea WTF you are babbling about ... our trade deficit and debt are what is going to cause massive deflation of the dollar ... if this Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82416119536367283642011-09-16T17:08:16.588-04:002011-09-16T17:08:16.588-04:00The trade deficit is important because it's no...The trade deficit is important because it's now some $8 trillion "out there" which can be or has been used to buy debt, or can be used to buy controlling interest in US corporations.<br /><br />As far as manufacturing, the percentage of GDP is still about the same as historic levels, but with around 1/5 or less of the workforce. Not just airplanes, but high-tech in medical Desertrathttps://www.blogger.com/profile/09860257698839313423noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66445115634154524632011-09-16T14:20:23.933-04:002011-09-16T14:20:23.933-04:00Peter Schiff for president. Not really. He's ...Peter Schiff for president. Not really. He's much too smart, honest, & direct for the positionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-63257583610373225152011-09-16T13:53:22.490-04:002011-09-16T13:53:22.490-04:00Economics 101
More is less vs less is more. Very n...Economics 101<br />More is less vs less is more. Very nice. Thanks for the videos.Another Joehttp://www.notanotheraveragejoe.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27274569412051754622011-09-16T10:30:51.280-04:002011-09-16T10:30:51.280-04:00The reason more employers don't take the "...The reason more employers don't take the "high road" that Dr. Boushey mentioned at the end of #2 is because they cannot weed out (fire) the riff-raff that ruin employee morale and work ethic.<br /><br />If a company cannot fire (because of unions or other regulations, threat of lawsuit) a poor performer who makes the same amount of money as the next person, why should the next Rogerhttp://investletters.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47191384321853282392011-09-16T10:02:46.174-04:002011-09-16T10:02:46.174-04:00Yes, I agree with the comment above about the good...Yes, I agree with the comment above about the good Dr. Boushey. She is, unfortunately a classic example of the ivory tower types our educational system produces that, while having earned their PhD's do not actually understand and cannot apply the subjects of their study.<br /><br />Quite sad to watch, actually.<br /><br />Her "knowledge" is obviously not of the subject she Roger Boswarvahttp://www.howtolearneasily.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12827546262846496642011-09-16T06:55:24.333-04:002011-09-16T06:55:24.333-04:00yeah Schiff was incredible like usual, mixing theo...yeah Schiff was incredible like usual, mixing theory with clear common sense policy. 99% he's dead on, but what is Schiff's fetish obsession with the "trade deficit" ?? It's a non-issue!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-41002695290910905402011-09-15T19:42:15.376-04:002011-09-15T19:42:15.376-04:00WOW this video shows how doomed we are...WOW this video shows how doomed we are...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-75272164823375949262011-09-15T15:34:59.328-04:002011-09-15T15:34:59.328-04:00Mike Norman is still out there running his mouth. ...Mike Norman is still out there running his mouth. That boggles my mind. You'd think he'd have learned something about economics by now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-77374188675863882652011-09-15T13:01:07.737-04:002011-09-15T13:01:07.737-04:00The MMTers are on watch for us:
Here were his pro...The MMTers are on watch for us:<br /><br /><em>Here were his proposals for job creation. (Totally serious.)<br /><br />1. Fed should hike interest rates significantly<br />2. Balance the budget immediately with huge spending cuts<br />3. Abolish the minimum wage<br />4. Repeal all Federal workplace anti-discrimination laws<br />5. Repeal all laws governing workplace conditions, overtime, benefitsBob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-43417353805243654182011-09-15T12:51:56.593-04:002011-09-15T12:51:56.593-04:00@ anonymous 11:14 AM
You should look at some hedg...@ anonymous 11:14 AM<br /><br />You should look at some hedge fund performance data during 2008, especially Paulson & Co, although they not doing so great now. There were some who saw it all coming and profited.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55921735378944595392011-09-15T12:13:08.777-04:002011-09-15T12:13:08.777-04:00Congress is willfully blind. It will never listen...Congress is willfully blind. It will never listen though its members have been sufficiently warned.<br /><br />I hate to say it, but the only way the economy is going to be cured is if it blows up, implodes, or otherwise falls apart. When Congress and the Fed can no longer do anything, then productive Americans can do the hard work of building a profitable economy built on real savings, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48932511392757233152011-09-15T11:14:15.575-04:002011-09-15T11:14:15.575-04:00@Anyonymous
Regarding the question of Schiff'...@Anyonymous<br /><br />Regarding the question of Schiff's investment performance in 2008, everyone lost money that year. Schiff stayed the course and maintained his investment strategy, and less than a year later he made it all back and them some. He says he didn't expect gold and commodities to fall as much as they did, but they still didn't fall as much as traditional investments.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16634787474342451252011-09-15T08:46:59.733-04:002011-09-15T08:46:59.733-04:00How are these airplanes and other hi-tech equipmen...How are these airplanes and other hi-tech equipment priced? I hear what you are saying, that people might not realize how much manufacturing is done in the US. If this is true then, I wonder how much the government buys because it seems like the government pays "government prices" and I am curious how these prices are arrived at and what the affect is on the economy. I would love to Boetienoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-52468471338546777012011-09-15T08:41:55.301-04:002011-09-15T08:41:55.301-04:00Mr. Schiff was very impressive. They should pay a...Mr. Schiff was very impressive. They should pay attention to him. They won't. Sad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1531167791142448652011-09-15T07:09:15.089-04:002011-09-15T07:09:15.089-04:00Dsylexic,
There are many more things in this worl...Dsylexic,<br /><br />There are many more things in this world to manufacture than just planes and hi-tech equipment.<br /><br />Not to mention how much of Americas current manufacturing goes to the U.S. and foreign military's. Forgive me if I don't get excited over the U.S. exporting of stealth bombers instead of manufacturing real consumer goods(knick knacks)."the" Phantom Capitalistnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80396774337314549952011-09-15T04:02:04.442-04:002011-09-15T04:02:04.442-04:00Peter obviously blew them out of the water . . . b...Peter obviously blew them out of the water . . . but I don't think those fish even know what water is, let alone what was done to them. They refuse to accept they are dying because they refuse to give in. They refuse to acknowledge that what they are doing and what they firmly believe in is the root of the problem. <br /><br />Even though Peter is right, and explained things admirably, it is Silver Bullynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-9688419185730481342011-09-15T02:42:20.710-04:002011-09-15T02:42:20.710-04:00The libertarian tide is turning thanks to the inte...The libertarian tide is turning thanks to the internet. Expect this to happen more and more. <br /><br />By the way, what about the attacks of keynesians who say Schiff lost money for his investors in 2008 and was wrong on some of his predictions? I don't know enough about him to know what is true and what isn't.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-17346405114605162382011-09-15T02:28:25.892-04:002011-09-15T02:28:25.892-04:00*Dr.* Boushey: the embodiment of Schiff's poin...*Dr.* Boushey: the embodiment of Schiff's point about doing damage by spending money on education.Luke Milnerhttps://www.blogger.com/profile/11162854811740855464noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85646777487587699222011-09-15T01:52:57.427-04:002011-09-15T01:52:57.427-04:00all good.except the nonsense about the need to &qu...all good.except the nonsense about the need to "manufacture" more.manufacturing output is the highest ever in the US.and far ahead of any country.it is just that americans today manufacture aeroplanes or hi tech equipment and not knick knacks.you grow wealthy by creating value and not just stuff.in apple ipods,only 6% value is cornered by chinese manufacters.another 10% by japanese Dsylexichttps://www.blogger.com/profile/03882859273018168075noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78060626319875173972011-09-15T01:46:46.854-04:002011-09-15T01:46:46.854-04:00I love it how Peter has no papers, notes, or prepa...I love it how Peter has no papers, notes, or prepared statements in front of him and is cruising. While the women next to Peter is constantly shuffling through papers and writing.<br /><br />Why do these people always have all these papers and are constantly writing things down while others are talking.<br /><br />Peter Schiff - Flawless Victory"the" Phantom Capitalistnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42960434836223391272011-09-15T01:31:01.267-04:002011-09-15T01:31:01.267-04:00What if the political terrorists understand that S...What if the political terrorists understand that Schiff is correct and they are doing what they are doing to deliberately destroy our living standard.<br /><br />That's exactly what they are doing. They are not economically stupid...They are terrorists.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-25626237394742551992011-09-15T01:07:18.855-04:002011-09-15T01:07:18.855-04:00Let me just say, oh snap! That was fantastic. I es...Let me just say, oh snap! That was fantastic. I especially enjoyed the nod to Ron Paul's silver dime-gallon of gas statement. Keep it up Mr. Schiff!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-2473422894475076372011-09-15T01:07:15.087-04:002011-09-15T01:07:15.087-04:00What was he thinking suggesting a National Sales T...What was he thinking suggesting a National Sales Tax? UGH...Why not just read the Constitution and stick with excise taxes for national funding?Anonymousnoreply@blogger.com