Posted onSeptember 15, 2017byifnm|Comments Off on $20 Trillion: U.S. Debt Crisis | Peter Schiff and Stefan Molyneux (Video)
Why are so many people upset about plans to raise and remove the United States debt ceiling and why was it created in the first place? Peter Schiff joins Stefan Molyneux to discuss the history of the debt ceiling, the consequences of eliminating it, shocking U.S. debt interest payments, the U.S. dollar losing 12% of it’s value since the start of the year, outrage over price gouging during the recent hurricanes, the value of a college degree and America’s economic future.
Comments Off on $20 Trillion: U.S. Debt Crisis | Peter Schiff and Stefan Molyneux (Video)
Peter David Schiff (born March 23, 1963) is an American businessman, investment broker, author and financial commentator. Schiff is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.
Peter Schiff believes that his father’s fight against the IRS is hopeless and unwise. He tried to convince his dad that there is a better way to fight the battle against, in his view, excessive government interference in our lives and the economy.
I was surprised that the Ninth Circuit’s decision, last month, on Irwin Schiff’s appeal of his conviction and sentence did not attract more attention. Irwin Schiff could well be viewed as the grandfather of the contemporary tax protester movement. According to wikipedia:
A tax protester is someone who refuses to pay a tax on constitutional or legal grounds, typically because he or she claims to believe that the tax laws are unconstitutional or otherwise invalid.
Irwin Schiff was appealing his conviction and sentence of 151 months for conspiracy, aiding in the filing of false income tax returns and failing to pay income tax. His appeal was based on ineffective assistance of counsel at his first appeal (He represented himself at the original trial). The Ninth Circuit cut him no slack, so based on his current projected release date, the next birthday that Irwin Schiff can celebrate in freedom will be his ninetieth.
Peter Schiff is a famous personality in economic affairs and he has a keen eye on all economic development taking place globally. Peter Schiff comments on economic affairs are a real guide for economic decision makers.
Inauguration Day 2013: While Peter was out of the country, his producer, Tom Elliott, hit up the inauguration to speak with Obama’s most die-hard fans about the big-ticket item the president outlined for his second term: climate change. While everyone likes the idea of “fixing” the climate, how many would support actually paying the legislative cost? Keep in mind, these inaugural attendees traveled from all over the country; if Obama can count on anyone, surely he can count on their support — right?
Peter Schiff Show: Ted Nugent, multi-platinum recording artist & star of the Outdoor Channel’s “Spirit of the Wild,” on what Joe Biden’s anti-gun commission should do to help curtail random mass killings.
President Obama promotes the myth that everyone must go to college. That if you don’t go, your life will be ruined — that you will end up waiting tables, or trapped in some other mundane occupation. The truth is, even with a college degree, you may still end up waiting tables, you’ll just begin your “career” four or five years later, tens of thousands of dollars in debt.
“They deliberately want to reflate the housing bubble, which I though, number 1, is interesting, because it’s kind of an admission that they’re to blame for the last one, because they basically said we want to use artificially low interest rates to stimulate housing, to make housing prices go up, to make people feel richer so they’ll spend money they don’t have. That’s what happened last time!” Peter Schiff
“They couldn’t see this train wreck coming, even though it was staring them in the face,” said Peter Schiff in the trailer. “They’re the ones who are fixing the economy when they don’t understand why it broke. In fact, they broke it, and they’re trying to fix it by doing more of what broke it in the first place.”
Why trust the federal government to fix the economy when its own bad policies were to blame in the first place?
That’s what dozens of economist who correctly predicted the financial crisis want to know, according to “The Bubble,” a forthcoming documentary film by historian Tom Woods.
For Woods, the purpose of the film is to educate the public about what caused the 2008 financial crisis, by interviewing several financial experts who saw it coming.
“I want them to walk away saying, ‘wow there is a lot more to this than I thought,’” said Woods, a senior fellow of the Ludwig Von Mises Institute, in an interview with The Daily Caller News Foundation. “It’s not just a comic book story of wicked malefactors of great wealth who manipulated the economy to their own gain and then drove off into the sunset cackling at all of us.”
Woods worries that unrestricted capitalism is being blamed for problems created by government policies, from the regulators who rubber-stamped the housing bubble to the Federal Reserve chairmen who oversaw a reckless expansion of the currency.
I watch Hollywood awards ceremonies where a supposed artist screams out for punching people in the face for political disagreements, and the entire horde of Botoxed brain zombies leaps to their feet in an ungodly and unholy howl of rampant bloodlust approval.
“We can call it Cultural Marxism, but at the end of the day, we experience it on a day to day basis, by that I mean a minute by minute, second by second basis. It’s political correctness and it’s multiculturalism.” – Andrew Breitbart