Peter Schiff & Henry Blodget With Dylan Ratigan (VIDEO)

Video:  On the economy and stimulus -- Aired Aug. 25, 2010

Great clip.  Schiff is outstanding when it comes to discussion of Keynes and stimulus.

Update from Henry Blodget:

Dylan Ratigan was kind enough to have me and Peter Schiff on his show yesterday.

Dylan set the stage and then put the question on the table: What the heck is wrong with the economy?

My answer: Too much debt, too many houses.

Peter's answer: Absurd drug-addict-like stimulus hastening bankruptcy of already bankrupt country.

Dylan's answer: Banksters.

Regardless of the specific cause, there was one thing we all agreed on: It's going to be a long, slow, austere return to living within our collective means.

You gotta see this one:

• Peter Schiff: "Of Course We're NOT Going TO Pay Back The Chinese (VIDEO)

---

Screenshot

Don't miss the Larry Summers joke in the first 30 seconds.  This is a phenomenal clip.

Comments

[DailyBail]

I'm trying to watch this clip again and it won't load...is anyone else having the same problem...

[Z]

It took about 30 seconds but it loaded.

[Z]

Does that mean that the granite counter top, fancy stainless steel appliances and glass tile backspashes that I put in my house in 2006 for $35,000 will end up costing me $35,000 or more? Hmmmm, that doesn't make sense. I should have made at least $15,000 on spending $35,000. I can only blame this on the accountants? How should I know the difference between appreciation and depreciation? It's all very confusing.

[Fred]

My god, I've been hearing this argument about how dumb the Chinese are for buying our treasury bonds ----- has Peter Schiff checked his quoteboard? The bond market makes new high after new high after new high and yet he is a broken record for 7 years now and yet somehow still is allowed to come on TV shows and promote his crappy brokerage company.

What a joke.

[Z]

Was that a financial drive-by? If you know so much Fred, wow us with your knowledge. Tell us what is going to happen in the coming months.

[DailyBail]

Fred...yes Schiff has been wrong for awhile about inflation...but he has been correct about the sitmulus...he said it wouldn't work and it hasn't...