sickoflibs
Since Nov 7, 2005
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sickoflibs
Since Nov 7, 2005
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The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)
" I would love to have tax cuts but we can’t afford them. We need spending cuts first. If the government will stop spending then they can stop taxing. But just to cut taxes and print the difference, that’s more inflation which is the problem. We need the cure. "
" The real engine of economic growth is under-consumption because when you don’t consume you save, and when you save you can finance capital investments. And capital investments lead to real economic growth and enhanced productivity and a rising standard of living. "
" I would love to have tax cuts but we can’t afford them. We need spending cuts first. If the government will stop spending then they can stop taxing. But just to cut taxes and print the difference, that’s more inflation which is the problem. We need the cure. "
" In the USA we borrow and spend all this money we confuse reckless consumption with real economic growth because our GDP became increasing comprised of consumption and consumer spending and we counted that as growth. And we looked at rising stock and real estate prices which were bubbles and confused that with legitimate wealth creation, but there was no real wealth there. "
" People were getting rich effortlessly. People wanted to believe you could buy a house and you didn’t need to save money. You would just get rich based on appreciation and house prices would go up forever. And because of that belief the lenders no one cared about getting paid back. They just assumed their house would always rise in value. And no one wanted to be told there was no Santa Claus. That was basically what my role was. "
" The reason we are in trouble is not because the housing bubble burst. We’re in trouble because it inflated in the first place. We’re in trouble because while it was inflating we were recklessly borrowing and spending money. American citizens borrowed trillions of dollars from people around the world and we blew the money. Not only did we spend it on remodeling our homes and building homes .We spent it on cars, we spent it on consumer electronics, furniture and appliances, on food, on gasoline. We spent it on everything we imported that we really couldn’t afford. Now that the bills are coming due and were too broke to pay them, we’re seeing an implosion of these markets. Real estate prices are coming down, Americans have to stop spending, and credit is contracting. None of this is the problem, this is all the solution. "
" The reasons countries export is to earn money to buy imports. The reason countries produce is so they can afford to consume. But America borrows to consume. "
"The Federal Reserve and excessive government caused the boom of the 20s and the depression of the 1930s by not allowing the correction, not allowing the treatment. The treatment is the liquidation. There is some pain with that treatment. The pain is the result of the mistakes made previously. ."
"It's great to spend money when you have it. But first you have to earn it. It's great to have things, but first you have to make them."
"“The reason we were so rich was because we believed in capitalism. The government was small so people were big. And we had honest money and we had higher interest rates so people would save. We used to have a double digit savings rate in this country. People bought things when they had the money. They didn’t buy first and figure out how to pay for it later. ."
"Everytime government planning has been tried,all it's done is made things worse. It didn't work in communist China, it didnt work in the Soviet Union. Barack Obama is no smarter than Khrushchev or Mao. He may think he's smarter than everyone else..."
"The economy is not going to improve because of this plan. You don’t solve economic problems by printing money. You solve those problems by working hard, saving, producing, and the exact opposite of what we are trying to do.."
"One way the government could create affordable housing is to stop propping them up with very low interest rates."
"The government can't fix the economy, it can only move our property from person to person, by taxing, borrowing, or printing more currency."
"The total cost to society is what the government spends, not just what we see it tax us"
"If devaluing currency made countries richer, the third world nations could just print themselves to a world power"
"We don't want work for the sake of work. We want work for what it produces"
"The (US Treasury)bond market is the next to collapse. The current buyers are like condo flippers looking to sell to someone else". "It's just another ponzi scheme as each buyer buys to sell until there are no buyers and it collapses"(this is because the government always needs NEW lenders for them to pay the interest and principle back to last set of lenders plus more to for new spending.)
If you realize both parties in Washington think our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus who is going to get elected in Washington and cut a few taxes and spend a few trillion and jump start the economy, and get our lost money back, this list is not for you.
You can read past posts by clicking on : schifflist , I try to tag all relevant threads with the keyword : schifflist.
Ping list pinged by sickoflibs.
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Started pinging (as a kickoff)The Money, Banking, and Financial Markets Ping List by fellow Free Marketeer :rabscuttle385. PAR35; TigerLikesRooster; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; Roy Tucker; GOPJ; dervish; murphE; rdl6989; JDoutrider; bria; groanup; SoConPubbie; acoulterfan; GoLightly; 4Liberty; djsherin; TooBusy; javachip; DeaconBenjamin; Terpfen; 4woodenboats; TenthAmendmentChampion; fml; davidosborne; Esther Ruth; Ramcat; B4Ranch; Perdogg; MinnesotaLibertarian; Diana in Wisconsin; ken21; Republican Party Reptile; TruthWillWin; oldbolddude; pjsbro; DAVEY CROCKETT; Bookwoman; KentStateInfidel; rabscuttle385; mbj; Fractal Trader; M. Dodge Thomas; curiosity; MarcoPolo; jfreif; JACKRUSSELL; oblomov; slnk_rules; axenolith; misterrob; CaliforniaCon; CottonBall; stockpirate; quesera; tbw2; KoRn; a real Sheila; Coachm; tubebender; 1234; Lloyd227; Habibi; Anomoly99; Ernest_at_the_Beach; baseballmom; GoodDay; SecAmndmt; Big Guy and Rusty 99; Timmy; April Lexington; ConservativeOrBust; metmom; truthkeeper; slowhandluke; Pining_4_TX; frithguild; DarkWaters; logician2u; Gregoryful; GOP_Thug_Mom; Bobibutu; sanchmo; spetznaz; AFreeBird; Candor7; ex 98C MI Dude; SierraWasp; wmfights; Kid Shelleen; Im4realamerica; Chickensoup; Jack Black; LongLiveTheRepublic; fortheDeclaration; ssaftler; TheConservativeBanker; glide625; sickoflibs; biff; Jan Hus; jmcenanly; Rusty0604; gogeo; rickylc; swordfishtrombone; Strutt9; Ancesthntr; Positive; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; Ken H; Gritty; M. Espinola; jas3; CodeToad; ovrtaxt; nicmarlo; dennisw; pelham; freedom_is_not_free; grey_whiskers; BGhater; preacher; duncanwaring; lurkingsince’98; eyedigress; wolfie; lainie; FreedomPoster; JDoutrider; pointsal; djf; sir_ed; ex-Texan; politicket; babbabooey; mpstan; webschooner; gartrell bibberts; jer33 3; quintr; janereinheimer; maineman; Tax Government; BellStar; mom2twinsn2; Fred; Camel Joe; surely_you_jest; utford; samtheman; An Old Man; Babu; mojitojoe; farlander; arealconservativeforachange; North Coast Conservative; Huntress; ProCivitas; Nam Vet; randita; Golddigger3; 24Karet; tired1;JHENN22499; Stentor; acrobat22101; 1010RD; unspun; boxlunch; investigateworld; Grammy; b4its2late; bankcritic; Repeat Offender;
Have since added :Harrius Magnus ;mojitojoe; Pelham; mom2twinsn2; LongLiveTheRepublic;ConservativeOrBust;Fractal Trader ;FreedomPoster; bay areablues; wombtotomb; CrystalD;ex 98C MI Dude ;JDoutrider ;VR21 ;Canticle_of_Deborah ;wombtotomb;LostInBayport;AprilfromTexas ;Lilpug15;mikelike;OB1kNOb;blam ;Starfleet Command ;kingpins9;fellowpatriot ;1234; jas3;FreedomPoster ;meyer; Ken H ;FBD; 24Karet ; basil ;granite ;SkyPilot ;zek157; Ernest_at_the_Beach ;ChrisInAR ;Mom MD ;B-Chan ;NCjim;optiguy ; SandwicheGuy ;snuffy smiff;1234 ;slangenheim;HeartlandOfAmerica ;sickoflibs;wildandcrazyrussian ;DaisyCutter; Gondring; BobL; VideoDoctor;Huck;Lady GOP;Brad from Tennessee;borntobeagle ;victim soul ;LA Conservative ;Golden Eagle ;OnTheDress ;NotYoursToGive;RonDog ;Moiraine;florida grl ;djsherin ;florida grl;Moiraine;ottbmare;The Conservative Yogini;NEPA ; jpl;djsherin ;Walmartian ;To Hell With Poverty;Wolfhound777;kara2008;ding_dong_daddy_from_dumas; FightThePower! ;Shane;freespirited;Leonard210;MontaniSemperLiberi;Salvation; kitkat ;Sergio;Tunehead54;LeGrande ;kindredspirit;JustSurrounded;gimme1ibertee ; dennisw;lakertaker;roylll ;calcowgirl ;RightOnTheLeftCoast;Tired of Taxes ;murphE;outlawjake;Clarence ;thefrankbaum;bluejay;Big E;dcwusmc;fnord;Max in Utah ;RedMominBlueState;MainFrame65;Pining_4_TX ;NeoCaveman;Conservative Coulter Fan ;tommix2 ;liberty75 ;Hop A Long Cassidy;There's millions of'em ;BufordP;Atom Smasher ;Candor7;Shadowstrike;appeal2;jacquej ;DivaDelMar ;wafflehouse ;secretagent;camp_steveo;AAABEST;LALALAW;camp_steveo;GreyMountainReagan;Bean Counter;Cheap_Hessian;Pining_4_TX ;Rugged Individual;stylin_geek;SupplySider ;Zakeet;NotSoModerate; Ghost of Philip Marlowe;monkeypants;H.Akston;FreeStateYank;JustTheTruth ;MaggieCarta;Mom MD ;fretzer;B.O. Plenty;swatbuznik;fishingking ;gargoyle;rasl04 ;gibsosa ;hyperconservative ;kmiller1k;EyeGuy;kmiller1k ;sunshine state ;DontTreadOnMe2009;Taxman ;Beelzebubba;sunshine state
Drop ColdSteelTalon;;carjic;STONEWALLS;Grampa Dave(jim Rogers);unkus;;TigersRear list:AvOrdVet ;Philo-Junius ;sonofagun;gondramB; alrea;
Prior Schiff postings:
Monetary Inflation is Our Future 3/27/09
Peter Schiff on The Morning Joe 26 Mar 2009 Full Version 3/26/09
Daniel Hannan MEP: The devalued Prime Minister of a devalued Government 3/25/09
Peter Schiff Vlog Report (Inflationary Depression coming=Obama Hell) 3/21/09
The Mother of All Bells 3/20/09
U.S. Federal Reserve to buy up to US$300B long-term Treasury bonds 3/18/09
China Inc. On Huge Foreign Buying Spree (with US dollars) 3/19/09
THE Explanation of the Economic Crisis in Easy to Understand English 3/18/09
Peter Schiff Vlog Report ("A day that should shock the world" but not us) 3/18/09
"The Schiff Report"-Bernanke On 60 Minutes ("Give it up China") 3/16/09
Peter Schiff Vlog Report 16 March 2009
Credit Card Cancer('culture of credit vs savings for a rainy day') 3/13/09
China 'worried' about US Treasury holdings 3/13/09
The Schiff Report - Economic Update (On Obama's Global Stimulus brainstorm) 3/10/09
Why Will Government Intervention Efforts Fail to Avert the Depression? 3/10/09
Peter Schiff 3/5/09 - Schiff Report Video Blog [Part 1] (Wants Obama to fail too) 3/8/09
Voices of Freedom: Paul, Schiff, and Rogers school Obama, Bush, Bernanke, and Paulson3/4/09
Cramer: Obama’s ‘Radical Agenda Greatest Wealth Destruction I’ve Seen’ 3/4/09
Video: Cavuto On Obama's "Day To Day Gyrations Of Stock Market" Comment 3/3/09
Jim Rogers: Let AIG Go Bankrupt, Not America 3/3/09
Glenn Beck Housing Market Graph(Or 'Can Government really do this?') 3/2/09
THE ANT AND THE GRASSHOPPER 2009,
Obama Puts the Economic Cart Before the Horse
Peter Schiff Wall Street Unspun ("There is not a prayer Obama's plan will work")
Peter Schiff Reaction to Obama Speech ("This is a bunch of non-sense") 2/26/09
Why the U.S. Government Should be Cut Off Like a Subprime Borrower 2/25/09
The Schiff Report 2nd episode(Says to stop the home building )2/24/09
The Schiff Report 1st episode(Obama housing bill wrong direction)2/22/09
Predatory Legislators(Peter Schiff on Mortgage rescue) 2/21/09
Peter Schiff Presenting his book Crash Proof(Flashback of the financial Prophet warning us)2/20/09
Peter Schiff Explains Doctored Saudi Video(They applauded Free market lines) February 17, 2009
Jim Rogers on Fox Business Channel(Rips new Treasury Secretary Geithner) Feb 14,2009
Peter Schiff Speech Saudi Arabia (Compare this to Obama's Speech and Rally in Florida) Feb 12,2009
Obama's Opening Salvo Fails to Inspire Confidence in Financial Markets 2/13/09
Marc Faber: " U.S. will default on debt or enter hyperinflation " 2/15/09
This Is Just the Beginning (Economist Peter Schiff Predicts Disaster) Feb 10
Peter Schiff(Another History lesson not taught in Schools) Feb 9
Peter Schiff Fox Business (Still no Santa coming) Feb 7
Peter Schiff Says Obama Stimulus Plan Will Lead to "Unmitigated Disaster" - Video 2/6/09
Peter Schiff: The stimulus will bring about economic Armageddon Feb 6
Glenn Beck Show with Stephen Moore(WSJ/The End of Prosperity) Feb 3
Peter Schiff on Russia Today("No one wanted to be told there was no Santa Claus" Feb 1
Peter Schiff on CNBCs "Wall Street Crisis: Is your Money Safe?" Feb 1
Glenn Beck new FNC Show: Tuitorial on Money supply and Inflation Jan 29
Ron Paul on MSNBC Morning Joe (Crazy Ron talking about free markets again) Jan 27
Peter Schiff on Lou Dobbs Radio (You will NEVER hear this from Washington, ever!) Jan 25
Peter Schiff's Analogies (Economic wisdom you won't hear anyplace else)
Jim Rogers/Asian Financial Forum (World Commodities fundamenals enhanced)1/24/09
Peter Schiff on BNN Canada (Bond market is the next to go) Jan 7 2009
Peter Schiff ("Obama will be more of the same, but worse")January 19, 2009
Opinion Journal clip: Peter Schiff (Need less government to fix economy) 1/15/09
The classic youtube video with millions of hits: Peter Schiff Was Right 2006 - 2007 (2nd Edition)
Article US new and World Report: Peter Schiff: Let the Housing Market Crash(Jan 23,2008)
Peter Schiff is what we need now as the articulate and witty ‘ Prophet of Free Markets’ and the ‘nay-sayer of government intervention/socialism’ that warns us there is no Santa Claus or magical way to reverse past mistakes and he spares neither party for their responsibility.; We don’t need more drivel about how we need endless bailouts and endless stimulus packages and endless debt because the alternative is too terrible to speak of. We have the media and the party in power inciting public panic to gain support of their massive takeover of our property and our freedom
The Nancy Pelosi ping list
Quote: " Every month we dont have an economic recovery package 500 Million Americans will lose their jobs, I dont think we can go fast enough (on the package) to stop that"
Quote: "Yes, I am saying the CIA was misleading the congress and at the same time the Bush administration was misleading the congress (on Interrogation) ..."
Quote:"I would say that, as an ardent practicing Catholic, this is an issue that I have studied for a long time, and what I know is, over the centuries, the Doctors of the Church have not been able to make that definition.(where life begins)..The point is, that it shouldn't have an impact on the woman's right to choose,"
Question : "How is family Planning services economic stimulus?" Quote:" Family planning services reduce costs. The states are in terrible fiscal crisis now .. one of the initiatives you mentioned contraceptive services will reduce costs to the state, and to the federal government."
If you love listening to Speaker Nancy Pelosi explain things unscripted. If you wonder how the democrats (and the country) could pick such a clueless San Francisco liberal to run the house of representatives second in line to be president (that would be fun!) , If you wonder how Pelosi got to a position where she can hide in China from her CIA Interrogation quotes. Then this ping list is for you.
You can read past posts by clicking on : Pelosi , I try to tag all relevant threads with the keyword : Pelosi
Ping list pinged by sickoflibs.
To join the ping list: FReepmail sickoflibs with the subject line add Pelosilist.
(Stop getting pings by sending the subject line drop Pelosilist.)
I love Nancy Pelosi
Quote: " I am confident..I am hopeful we will have a health reform bill as a Christmas present to the american people."
Quote:" The point is we want to make sure that everyone has access to health care. For a long time those that haven’t had health care were provided it ( ??? ) have placed the burden on others. Everybody is paying the price for uncompensated care in a hospital. This is to say we all have to do our part (except those getting it for free) and that is the point of the bill. "Her response to the question : "Madam Speaker, Do you feel like it’s fair to send people to jail for not buying health insurance?"
Quote:" I have concerns about some of the language that is being used because I saw this ... I saw this myself, in the late '70s in San Francisco... This kind of rhetoric was very frightening, and it created a climate in which violence took place. "Pelosi commenting on Tea party protests and citizens raising concerns at Health reform town hall meetings. "
Quote: " Every month we dont have an economic recovery package 500 Million Americans will lose their jobs, I dont think we can go fast enough (on the package) to stop that"
Quote: "Yes, I am saying the CIA was misleading the congress and at the same time the Bush administration was misleading the congress (on Interrogation) ..."
Quote:"I would say that, as an ardent practicing Catholic, this is an issue that I have studied for a long time, and what I know is, over the centuries, the Doctors of the Church have not been able to make that definition." Her response to where life begins with respect to abortions.
Quote:" Family planning services reduce costs. The states are in terrible fiscal crisis now .. one of the initiatives you mentioned contraceptive services will reduce costs to the state, and to the federal government. "Her response to the question : "How is family Planning services in the Economic recovery act economic stimulus? "
If you love listening to Speaker Nancy Pelosi explain things unscripted. If you wonder how the democrats (and the country) could pick such a clueless San Francisco liberal to run the house of representatives second in line to be president (that would be fun!) , If you wonder how Pelosi got to a position where she can hide in China from her CIA Interrogation quotes. Then you love Nancy Pelosi too.