Posted on 02/07/2009 8:45:34 PM PST by sickoflibs
(Highlights)“It’s going to get worse if they pass these stimulus plans. Remember Bushes first stimulus? It was obvious that wouldn’t work and they would come back for an even bigger stimulus. Stimulus’s are the equivalent of throwing gasoline on the fire. The problem with our economy is too much spending and too much borrowing. Unfortunately the solution is this recession, that credit is reigned in, that Americans don’t buy new cars and don’t buy new houses and start saving their money. We need capital available for private enterprise.”
“This recession is not the problem. It’s the consequence of the problem. The problem was the phony consumer credit driven economy that we lived under for so long. The real crisis is the one we are making now. Once the bond bubble bursts and the dollar collapses we are going to have sky high interest rates and prices. We are going to have lines for food because the government is going to put in price controls on food and energy. All the inflation the government is creating now is going to lead to sky high prices for those types of goods. The government will repeat the mistakes of the 1970s and put on prices controls which will create shortages.”
“This stimulus is a depressant. An economy grows because of production, and production is made possible by savings. The way to stimulate the economy is more savings, which leads to more production. We don’t need want the government and consumers spending more money. They spent too much. Unfortunately not spending will result in a more severe recession right now, but it’s necessary because we’re broke. We can’t afford this infrastructure spending in this stimulus bill. We are too broke. You need a productive economy to afford infrastructure. We need to build factories. We need to make stuff and sell it abroad. Americans have too much stuff. We have been buying stuff for years we couldn’t afford. We need to pay back our bills to get us out of this hole. We need to make stuff and export it”
“The only way we are going to have productive employment is to allow the private sector to create it. We don’t want jobs so we can work. We want productive jobs. Everyone in the Soviet Union had a job and they were all flat broke. We’re headed in the same direction.”
“ 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. “
“Ultimately we are going to have a real choice in this country. Do we completely destroy our currency with hyperinflation like in the Weimer Republic, carting our money around in wheel barrels. Or we do the exact opposite, raise interest rates, let companies go out of business, let banks fail, and let this country go back to work”
Full video at :
Peter Schiff Feb 05 - 09 Fox Business - Countdown to Closing Bell pt 1/2and Peter Schiff Feb 05 - 09 Fox Business - Countdown to Closing Bell pt 2/2
"The only way we are going to have productive employment is to allow the private sector to create it. We don’t want jobs so we can work. We want productive jobs. Everyone in the Soviet Union had a job and they were all flat broke. We’re headed in the same direction."
"Obama’s talking about creating millions of jobs. The government can’t create any jobs. The government doesn’t have any wealth. All the government can do is redistribute the wealth that the private sector creates. And if the government is going to take resources away from the private sector, it’s going to destroy real employment opportunities and diminish our standard of living."
If you think 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.
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That would be funny if it weren't true.
Have you noticed Mr Hope Obama has been talking gloom since the election??
>>Have you noticed Mr Hope Obama has been talking gloom since the election??<<
Sure. He has to appeal to his useful idiots and keep them in line so he can do as much damage to the country as fast as possible before some of them wake up.
I get in trouble myself here too. One freeper told me that both war/invasions and tax cuts at same time make the country strong. Another said its OK for republicans to bankrupt the nation, to starve the beast.
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"Stimulus’s are the equivalent of throwing gasoline on the fire. The problem with our economy is too much spending and too much borrowing. Unfortunately the solution is this recession, that credit is reigned in, that Americans don’t buy new cars and don’t buy new houses and start saving their money. We need capital available for private enterprise.”
“This recession is not the problem. It’s the consequence of the problem. The problem was the phony consumer credit driven economy that we lived under for so long. (((Thank you, Bahney Fwank and Chris Dodd)) The real crisis is the one we are making now.
Once the bond bubble bursts and the dollar collapses we are going to have sky high interest rates and prices.
We are going to have lines for food because the government is going to put in price controls on food and energy. All the inflation the government is creating now is going to lead to sky high prices for those types of goods. The government will repeat the mistakes of the 1970s and put on prices controls which will create shortages.”
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Attn FReepers: Defeat Marxism!! Defeat Porkulus!! Contact your Senators NOW!! Put the pressure on and keep it on!!
More contact info, including staff emails HERE. If voicemail boxes are full or bush, email or fax.
it is not just the money and borrowing. It is $5 billions to ACORN to steal all future elections and for thuggery. Expect his Hitler Youth Brigade.
It is Chicaho on a national scale. It is the hundreds of thousands of muslim “refugees’ he plaans on bringing in to turn red states blue and even worse things.
The GOP has to fight this marxist usurper with everything. This is a tipping point. If this passes by 2010 you will no longer have your America any longer.
Starving the beast and bankrupting the nation aren’t remotely the same thing.
Starving the beast would only increase the private sector’s productivity and increase our wealth as a nation.
Call their DC offices and also their in-state offices. The DC office may be busy but call both. Most Senators have 5 in-state offices. Get family and friends to call.
GITMO! Terrorists freed, abortions US-funded, earmarks, union crooks welcome .. it’s the Chicago Way in our White House ... shameful and disgusting beyond words, IN THE FIRST 2 WEEKS! Lord, please help us.
Poor Schiff. He doesn't know that "inflation" means that prices go up...like the prices of houses...like the prices of stocks...like the price of oil and gasoline...like salaries.
Poor Schiff is predicting that salaries rise dramatically (i.e. hyper-inflation).
Sad.
The world is experiencing the opposite of inflation, instead. Deflation.
Prices going down. Salaries going down.
Poor Schiff. He just doesn't know.
Yes, you are right. Schiff’s statement about needing more savings seem contradictory with saying we can’t afford a tax cut. It seems we can’t afford not to have taxes reduced to allow true private sector stimulation and recovery.
What we have right now is an all-out war on our liberties. The democrats are taking overbearing measures to broaden the dependent class. They need this in place now so that when things are worse they are positioned to exploit dependency to hold their majorities in both houses of Congress in the midterm elections. They are winning this Porkulus war. What to do - stand by the truth and communicate with as many responsible voting people as possible. This is really serious.
NO cheers, unfortunately.
Good site; thanks.
Sent e-mails to both senators and some of their underlings. Let’s hope.
So you are are saying we can just print money endlessly with no consequence? Thats great news! We can all have a private teacher, and doctor, we can all get a government job, with great benefits, social security and medicare ages can be lowered so we can all retire early. You need to get on the news fast and tell everyone you found Santa Claus!
Seems like everytime republicans in charge cut taxes they increased spending, naturally increased national debt, went into recession with debt years later, and democrats took over, (1992+2008.) So where does this “starving the Beast” theory idea fit in??
So how much can we borrow? How much money can we print? When republicans push tax cuts with no spending cuts they are sending the message“There is more money left to spend” which democrats use to pitch free health care. This is where we are now. You cant pitch tax cuts as alternative to spending and still claim the country is broke. This is the trap republicans got themselves into.
I understand the republicans proposing tax cuts now for political reasons as opposition, but its a contradictory message with risk.
The thing Schiff gets wrong is that even if the US isn’t saving, the world is.
The world is awash in money with no good home. Why do you think the world shovelled, forced, begged to lend, as much and more than we could take at rates to them of near inflation?( You might of payed 6% for your home, or 8% for a car, but THEY didn’t get that. They got 3-4%)
The world has a world wide production problem. Basically everybody is making and selling everybody the same stuff, and not making any money on it.
That is not going to change. In fact it is now worse. We needed (and here Schiff is right ) less car companies, less house building. Yet, now that these companies have exhausted all private means of moving their goods ( O down car loans, 110% home loans ) they are have people that didn’t buy, didn’t take the loans be taxed by governments to support these over built industries.
Now, is there a way, world wide, out of this?
Yes.
How?
Open markets. Chinese Communists, Indian Brahman elitists, South American populist manipulators, and African despots all have half the people of the world that want to radically improve their lives.
We used to ‘open up’ markets with the US Navy and Marine Corps, and free people.
We don’t have the guts and with generations of socialism indoctrinations, no longer have the ideas of liberty and freedom to spread.
And England did the same in the 19th century when they were the world empire. James Dale Davidson wrote a 1980s book “The Great Reckoning” and walks through how world empires fell by extending themselves with multiple wars and welfare at the same time. In fact, I just saw a movie on the French Revolution and it's causes being war debt. Our richness came from us being the world empire and exports after WWII because we had the productive capacity and the military.
Democrats want to export liberalism, we wont buy their stuff unless they let the UAW write their labor rules.
I just saw Susan Colins on TV say the house democrats could still turn her vote on final bill if they put the crap back in.
Rome too.
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