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Peter Schiff: "WE ARE DOOMED ... "
YouTube ^ | June 11 | Peter Schiff

Posted on 06/11/2022 9:43:01 AM PDT by RandFan

click here to read article


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To: ifinnegan
It can't be easily reversed. Turning around the economy is like turning around an aircraft carrier. We need to rebuild our energy infrastructure including building more pipelines and refineries. Our electrical grid needs to be upgraded.

Finally, the energy industry needs to have confidence that the Biden administration will not pull the rug out from under them. They are not going to make the needed capital investments in the infrastructure without government guarantees that policies won't be changed. The industry has already been hobbled by a blanket of new environmental regulations. It takes years to get projects approved.

41 posted on 06/11/2022 11:33:21 AM PDT by kabar
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To: kosciusko51

Yep


42 posted on 06/11/2022 11:33:54 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: kabar

You’re mistaking time and commitment with difficult.

It takes time but going back to energy independence by supplying our own oil would be relatively fast and greatly alleviate the situation as would manufacturing and production here.


43 posted on 06/11/2022 11:37:42 AM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: Sequoyah101

I had not seen this article by VDH (though I do try to catch them). He’s a brilliant writer. Thanks for posting.


44 posted on 06/11/2022 11:38:22 AM PDT by Scott from the Left Coast (Make Orwell Fiction Again)
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To: RandFan

The background music on that video was quite annoying. :-)

But thanks for posting!


45 posted on 06/11/2022 11:40:40 AM PDT by plain talk
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To: Sequoyah101

Should be published. Bravo.


46 posted on 06/11/2022 11:41:26 AM PDT by Mouton (The enemy of the people is the media )
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To: All

Why do people act like this was accidental? Or incompetence?

This is the PLAN.

Collapse the system. End our current oppressive white supremacist evil government. Have us one zone in the global control and pay our ‘fair share.’ You’ll own nothing and you’ll be happy.

THEY TOLD US ALL THIS ALREADY.

Why do people think this wasn’t the plan? Astounding.


47 posted on 06/11/2022 11:50:19 AM PDT by TigerClaws
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To: packagingguy

Timing this stuff on a timescale that’s useful for personal investing is virtually impossible. I remember the same arguments back in the early to mid 1990s; I covered my shorts when I realized I was wrong. (I still think the arguments were probably right in the long term, but that might mean, say, 50 years.)


48 posted on 06/11/2022 12:26:17 PM PDT by Alvin Diogenes
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To: Mariner

Trump could get us off the train in a heartbeat. Draft Trump immediately.


49 posted on 06/11/2022 1:03:27 PM PDT by chopperk
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To: chopperk

“Trump could get us off the train in a heartbeat. Draft Trump immediately.”

Nonsense.


50 posted on 06/11/2022 1:07:31 PM PDT by Mariner (War Criminal #18)
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To: RandFan
Shiff is part on the problem.

51 posted on 06/11/2022 1:13:40 PM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: TigerClaws
Collapse the system. End our current oppressive white supremacist evil government. Have us one zone in the global control and pay our ‘fair share.’ You’ll own nothing and you’ll be happy. THEY TOLD US ALL THIS ALREADY. Why do people think this wasn’t the plan? Astounding.

Exactly. I don't understand why people doubt these "elitist" filthbags. These bastards have been discussing, advocating for and writing plans and policy papers clearly laying out how they plan on controlling the world for decades. They're done planning now and are currently in the execution phase. Listen to that pedo-looking slimebucket Klaus Schwab's latest speech at Davos in front of his fellow filthbag "elites." He makes what's coming perfectly clear.

Here's something I don't understand: Why are the Georgia Guidestones, a demonic, open-faced declaration of war on humanity by leftist/globalist/corporatist filth, still standing? You can bet your ass that had its message been a traditionally conservative one leftist scumbags would have wrapped a fat chain around it, hooked it to a tractor and pulled it down.

It would be most excellent if someone actually did that!

52 posted on 06/11/2022 1:18:22 PM PDT by Rocco DiPippo (I)
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To: Mariner; RandFan

“However, the US Treasury does not have the cash to pay your principal. They will BORROW that money at the going interest rate of 10%+.”

I notice that the United States somehow survived when the Treasury was borrowing at 14.5% in 1982.

In fact from 1980 until 1986 Treasury was borrowing at over 10% every single year.

https://www.multpl.com/10-year-treasury-rate/table/by-year

Congress has the vote on whether or not the Treasury can retire debt. Quit deficit spending, let the Debt-GNP ratio decline.


53 posted on 06/11/2022 1:23:48 PM PDT by Pelham (World War III is entering on cat's feet.)
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To: irishjuggler
In 1978, the WW2 generation, then in their mid-to-late 50s, was still essentially running the country. Who’s running thing now?

Weak men are creating hard times.

54 posted on 06/11/2022 1:23:50 PM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Alvin Diogenes

I suspect that China is willing to buy Treasuries at rates below inflation but I don’t know why others would do that. And I don’t know why precious metal prices seem indifferent to inflation. We’ve entered the Twilight Zone.


55 posted on 06/11/2022 1:28:08 PM PDT by Pelham (World War III is entering on cat's feet.)
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To: Pelham; RandFan

“In fact from 1980 until 1986 Treasury was borrowing at over 10% every single year.”

The debt in 1980 was $908bil.

The debt in 2021 was over $29,000 bil.

Each year AT LEAST $1trillion matures and must be rolled over. Often it’s $2trillion. It’s not unusual for it to be $3 trillion. In this scenario interest rates absolutely matter.

Especially considering Congress will borrow the principal and even the interest payments, never paying down a dime.

https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

Anyone who thinks Congress will do jack about this is delusional.


56 posted on 06/11/2022 2:05:38 PM PDT by Mariner (War Criminal #18)
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To: TigerClaws

You will own nothing and you’ll be happy- Comrade Zhivago!


57 posted on 06/11/2022 2:17:21 PM PDT by Dr. Ursus
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To: Alvin Diogenes

This is a scratch. If it gets better, it won’t be better by much.

You’d do well to await the real blood to flow.


58 posted on 06/11/2022 2:24:50 PM PDT by nicollo (the rule of law is not arbitrary)
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To: RandFan

He’s right. Our nation, including both principal and interest on loans, owes something like just under $300 trillion. The entirety of our assets, civilian and land, total maybe $93 trillion. Even if we sold all of it off, we owe around $200 trillion.

Trillion. With a, “T”. This is a forced collapse of our economy, no doubt about it. There’s no way that ALL of the people running the country are this incompetent.


59 posted on 06/11/2022 2:44:00 PM PDT by Tacrolimus1mg (Do no harm, but take no sh!t.)
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To: nicollo
You’d do well to await the real blood to flow.

I agree, I wouldn't buy yet. We're nowhere near the end of this. The market might get a dead-cat bounce that's strong enough to fool people.

On the other hand, that's what I thought would happen in Spring 2020, and I was wrong.

Anyway, it seems to me that we're finally getting some pushback from conservatives, which is good. But we need to watch out; just when it looks like the pendulum might be swinging back to normalcy, the woke will start pushing back themselves. And they're vicious.
60 posted on 06/11/2022 2:55:06 PM PDT by Alvin Diogenes
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