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View Full Version : Peter Schiff on America's ability to continue to borrow.



Silverhandorder
04-27-2010, 22:26
http://www.youtube.com/watch?v=YnKsgelpuHU

I like the exhange in the end.
Peter: The markets are wrong and been wrong.
Opponent: Then we should tax and regulate them!
Peter: They are already taxed and regulated!

88Chaz88
04-27-2010, 22:48
You know, I feel in a good mood and for once checked out one of your links.

I wholeheartedly agree. It's ridiculous.

Economist 1: Oh shit look at our debt!
Economist 2: Oh don't worry, we can just borrow more, that'll solve everything.

This isn't a household credit card debt, it's a fucking national debt! You can't just consolodate your loans into affordable monthly payments and wait 'till it goes away!

Who the fuck hires this James Galbraith guy?

xpiher
04-27-2010, 22:51
http://www.youtube.com/watch?v=YnKsgelpuHU

I like the exhange in the end.
Peter: The markets are wrong and been wrong.
Opponent: Then we should tax and regulate them!
Peter: They are already taxed and regulated!

he has a high chance to win the election this fall. I think I may e-mail him and ask to work for him

Silverhandorder
04-27-2010, 22:53
You can do calls for him on his website.

xpiher
04-27-2010, 22:57
You can do calls for him on his website.

Yea... I'm talking about real work more long term work

Silverhandorder
04-27-2010, 23:04
You mean for his firm? Oh well gl with that I am sure finances is not an easy field atm. By any chance where do you live? He has offices in cont, cali and florida.

xpiher
04-27-2010, 23:06
You mean for his firm? Oh well gl with that I am sure finances is not an easy field atm. By any chance where do you live? He has offices in cont, cali and florida.

Edit ... NVM he won't win that seat. Shame

Silverhandorder
04-27-2010, 23:06
You live nearby? Fucker come down to the city then.

xpiher
04-27-2010, 23:08
You live nearby? Fucker come down to the city then.

No I live in Indy. Doesn't mean I can't move temp if I'm getting paid. But he doesn't have as much of a chance to win as I thought he did, didn't realize he was going for Dodd's seat, this might mean I may have to swallow some pride and try to schmooze the republican candidate for Bayh's vacant seat.

Silverhandorder
04-27-2010, 23:12
He got some dedicated volunteers, I think the only people he is paying are the consultants.

Anyways yeah his chances to win are not very high. I would put it at 10%. He is moving up in GOP circles and he does have very high favorables. But the cont tv market is linked to NY and as such very expensive. All his opponents are very well funded too. His only chance is to keep on plugging like Brown did.

shock223
04-27-2010, 23:14
raise taxes, cut entitlement programs.

really simple solution but you have to do both at the same time.

and since both parties see this as political suicide to say to the American people that they need to sacrifice something so their children are better off.

xpiher
04-27-2010, 23:15
He got some dedicated volunteers, I think the only people he is paying are the consultants.

Anyways yeah his chances to win are not very high. I would put it at 10%. He is moving up in GOP circles and he does have very high favorables. But the cont tv market is linked to NY and as such very expensive. All his opponents are very well funded too. His only chance is to keep on plugging like Brown did.

Hes not going to get Dodd's seat. Maybe 2012 for the other senator's seat (not too familiar with who holds what state seat)?

Silverhandorder
04-27-2010, 23:17
Liberman. Dodd was hated that's why he fled and let Blumi run instead. However Blumi looks like a moron during the debates. The hardest part is getting through GOP primary and then having only two month to campaign in general.

xpiher
04-27-2010, 23:22
Liberman. Dodd was hated that's why he fled and let Blumi run instead. However Blumi looks like a moron during the debates. The hardest part is getting through GOP primary and then having only two month to campaign in general.

Damn I'm out of the loop.

Silverhandorder
04-27-2010, 23:24
Damn I'm out of the loop.

Laws are to restrictive for independents.

xpiher
04-27-2010, 23:26
Laws are to restrictive for independents.

Eh, its financing more than anything. But oh well, I hope he wins, but its not likely.

lafayette
04-28-2010, 02:02
raise taxes, cut entitlement programs.

really simple solution but you have to do both at the same time.


Better idea, cut domestic AND foreign spending by the shit ton and lower taxes.

But yes you are right, they are addicted to spending money that isn't theirs so they can stay in office.

StainlessSteelRat
04-28-2010, 03:42
raise taxes, cut entitlement programs.

really simple solution but you have to do both at the same time.

and since both parties see this as political suicide to say to the American people that they need to sacrifice something so their children are better off.

The sad part is, that most Americans would probably be on board for some austerity; problem is gov't holding up its end of the bargain.

StrawberryClock
04-28-2010, 03:43
Better idea, cut domestic AND foreign spending by the shit ton and lower taxes.

But yes you are right, they are addicted to spending money that isn't theirs so they can stay in office.

Payback social security should be considered. Foreign policy is just fucked.