Friday, March 20, 2009

Peter Schiff on The Hour (CBC)



Part 2
Part 3
Part 4
Part 5

8 comments:

Chris said...

What a moron. He rambles on about how the entire collapse is about Americans spending credit, but only at the end does he acknowledge that it is downsizing and the export of jobs to China that has created a generation of Americans without the REAL MONEY to spend.

Josh said...

Schiff always talks about the gutting of the manufacturing sector in the US as a major problem.

Douglas Porter said...

at the end of his rant about the financial mess.. and he never gets into depth and he never suggests a solution other than "we need to produce something".

What a retard.

Josh said...

he knows people would produce more with less regulation and less taxes

Douglas Porter said...

That's sophistry. People DON'T produce more when the possible competition is as big as the trans-nationals are. Oligarchies and monopolies = less new competitors.

Josh said...

they would produce more if these big trans-nationals weren't writing regulation and passing laws that kill small business.

Douglas Porter said...

Ah, yes, a big contradiction of capitalism!

Josh said...

That's not capitalism. That's fascism.