Peter Schiff talks about the effects of Obama on economy

[jonquest]

How do you want it?

Medium-rare with a lemon on the side.:jointsmile:

[JakeMartinez]

Medium-rare with a lemon on the side.:jointsmile:

Medium rare...cooked well enough but still has enough blood to make it tasty...good choice!

I could garnish with a lemon, but would you want a light lemon sauce with it made from fresh lemons and the oil from cooking the steak? Or a homemade barbecue sauce with a bit of a kick to it?

*mouth waters*

Sucks being so interested in cooking. My mind wanders and next thing I know I'm fucking starving.

Anyway, I don't think free markets are good for equality. Personally, I believe equality is more important than frivolous increases in the "standard of living" that affect only the few lucky enough to have the money to do so.

I'm not saying Ron Paul would be corrupted. I'm saying they would try. Failing to corrupt him, they'd either get congress to put a strangle hold on him or do something even more drastic.

Lastly, the founding fathers backed the idea of a free currency that inflates with the goods and services being traded, rather than constantly inflating regardless.

Lastly, the market would probably look for the lowest interest rates on the money supply (excluding the bankers that profit from the interest). Why would any strong, sensible business owner want to give away his money to interest?

[maladroit]

"Indeed bank bailouts are ridiculous, and Obama supports them."

- indeed he does, and mccain supports them too...if ron paul was in charge, he'd put us on the gold standard and then we'd be even more screwed

[beachguy in thongs]

"Indeed bank bailouts are ridiculous, and Obama supports them."

- indeed he does, and mccain supports them too...if ron paul was in charge, he'd put us on the gold standard and then we'd be even more screwed

And, if Nader were in charge, he'd place a 1% tax on Wall Street derivatives. Why isn't that happening? Why does our tax money have to be a replacement?

1%, in one year, would be $500,000. I thought that was brilliant. Make them pay taxes to pay for their own bailout, instead of making us pay higher taxes. We pay taxes on everything we buy. Why can't Joseph Freakin Schlemmosheph pay a tax when he buys stock in Korea?

[bubbleboy]

End the Fed! End the Fed!

Long live Ron Paul! He would have pardon all drug related crimes asap!

rEVOLution!

[jonquest]

Anyway, I don't think free markets are good for equality. Personally, I believe equality is more important than frivolous increases in the "standard of living" that affect only the few lucky enough to have the money to do so.

What's brings more equality than freedom? Equality can't be brought by taking money from someone and giving it to someone else. Instead, equality should be brought to everyone by allowing freedom in how people earn their money and how they spend it.

I'm not saying Ron Paul would be corrupted. I'm saying they would try. Failing to corrupt him, they'd either get congress to put a strangle hold on him or do something even more drastic.

I could see an assassination attempt taking place if Ron Paul was elected President. Just look at the others who were elected President that opposed a centralized banking system. (Lincoln was assassinated, an attempt was made on Andrew Jackson's life, JFK wanted to bring in a new currency backed by gold)

Lastly, the founding fathers backed the idea of a free currency that inflates with the goods and services being traded, rather than constantly inflating regardless.

The founders wanted only silver or gold as money.

Lastly, the market would probably look for the lowest interest rates on the money supply (excluding the bankers that profit from the interest). Why would any strong, sensible business owner want to give away his money to interest?

Well we also need for money not to be created from loans. That's the biggest problem with interest rates. If money was not created out of thin air from loans, I wouldn't care where the market set interest rates.

[jonquest]

"Indeed bank bailouts are ridiculous, and Obama supports them."

- indeed he does, and mccain supports them too...if ron paul was in charge, he'd put us on the gold standard and then we'd be even more screwed

How would the gold standard screw us?

[jonquest]

And, if Nader were in charge, he'd place a 1% tax on Wall Street derivatives. Why isn't that happening? Why does our tax money have to be a replacement?

1%, in one year, would be $500,000. I thought that was brilliant. Make them pay taxes to pay for their own bailout, instead of making us pay higher taxes. We pay taxes on everything we buy. Why can't Joseph Freakin Schlemmosheph pay a tax when he buys stock in Korea?

Nader practices Robin Hood Economics. He means well, but doesn't fully understand the problem with the monetary system. Taxation needs to be decreased, not increased.

[marijuanaisgr8]

Martinez you need to seriously brush up on your knowledge of economics. It sounds like you're just babbling and actually have no idea what Peter Schiff's stance on economic policy is. Why the fuck are you talking about trickle down economic.. just because Schiff dont like OBama doesnt mean he's Republican.

[maladroit]

the value of all the gold that has ever been mined on this planet wouldn't even cover half of the US national debt...the combined annual trade deficit and annual budget deficit could export all of america's gold reserves in about six months...you're better off on the paper standard