Forum Post: Peter Schiff talks about his principled and reasonable stand
Posted 13 years ago on Nov. 2, 2011, 9:34 p.m. EST by RealAmerican
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http://www.youtube.com/watch?v=UGL-Ex1CD1c
Equality and Freedom.
I saw this, its good. He makes some good pts although I don't always agree with him he did make good pts & it was cool of him to go down there & speak in a down to earth way.
Peter Schiff shouldn't be dismissed. He is no friend of the Federal Reserve and bank bailouts and out-of-control deficits. He makes a lot of sense. He thinks it is a matter of time before rampant inflation wipes us out as the dollar loses its value. Gold is his recommended investment of choice as a safe haven.
Peter SChiff was Ron Lawls financial campaign adviser last presidential election. He know his stuff. But what is truly sad is the fact that American Libertarians do not communicate very well and there is a lot of confusion with regards to economics. I wish they would take more after Friedrich Hayek ( Nobel Peace prize winner in economics) in order to convey their ideas. People are just not getting it. And unless you step out of your comfort zone and pick up books to educate yourself....the confusion is rampant.
Not to forget America has its vocabulary all mixed up as well.
the true liberals are those who advocate Liberty. Hayek addresses that as well.
I don't like his "Social Security is a ponzi scheme" meme.
But I do like "Capitalism doesn't mean privatize the profits and socialize the losses".
You are forced to hand over your money to the govt, so they can 'keep it in store for you'. But the govt borrows against that money......your money. Think about it.
Isn't social security technically a ponzi scheme? It may not have started that way but once the trust was made part of the general funds and tapped to the point where it was underfunded it technically became exactly that.
Peter Schiff has been an asshole his entire life and you almost have to pity someone who is hated by everyone who knows him.