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kdakota630 (29.76)

August 2010

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Peter Schiff Video Blog - August 31, 2010 (Markets, Obama, Krugman, Reich)

August 31, 2010 – Comments (0)

He says Monday, August 30th, but I think he was confused.   [more]

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Peter Schiff - Carts and Horses

August 25, 2010 – Comments (1)

In a CNBC debate last week, former Labor Secretary Robert Reich presented a set of contradictory beliefs that unfortunately reflect the conventional wisdom of modern economists. In a discussion with Wall Street Journal columnist Stephen Moore, Reich correctly and comprehensively listed the reasons why American consumers could spend so lavishly before the crash of 2008 and why they can no longer keep up the pace. But instead of making the logical conclusion that former levels of spending were unsustainable and that spending should now reflect current conditions, he advocated that government take on additional debt so that tapped out consumers can spend like they used to.  [more]

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Peter Schiff - No Exit – Stage Left or Right

August 13, 2010 – Comments (2)

This week, national attention was fixated on JetBlue flight attendant Steven Slater, whose bold, creative, and controversial exit strategy could revitalize his future prospects. Not nearly as noticed was the Federal Reserve’s decision on Tuesday to avoid finding an exit strategy for its own never-ending career trap. Unfortunately, the Fed’s choices affect our lives much more than Slater’s.  [more]

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