Peter Schiff: "Of Course We're Not Going To Pay Back The Chinese" (Funniest Schiff Clip Of All Time)
Runs just 3 minutes. Don't miss the brutal ending.
Straight truth from Schiff, delivered with a sense of humor. This clip generates huge traffic flows from China. I've seen hundreds and I consider it the best Peter Schiff clip of all time.
He delivered the keynote "Why The Meltdown Should Have Surprised No One" in March at the Austrian Scholars Conference sponsored by Mises.
More clips from the same speech are below.
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Best of Peter Schiff:
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"Why The Meltdown Should Have Surprised No One"...the complete speech (1:16).
Sep 21, 2011 at 10:15 PM
Reader Comments (46)
http://www.blacklistednews.com/news-4418-0-5-5--.html?
http://www.youtube.com/watch?v=mpMM3zsdDUw&eurl=http%3A%2F%2Fglobaleconomicanalysis.blogspot.com%2F2009%2F06%2Feight-step-program-to-improve-feds.html%3Fref%3Dpatrick.net&feature=player_embedded
The Lear Jet Repo Man
http://www.salon.com/news/feature/2009/06/06/lear_jet_repo_man/index.html
http://www.nytimes.com/2009/06/08/us/politics/08team.html?_r=5&hp
http://www.nytimes.com/2009/06/09/opinion/09gardner.html?_r=3&partner=rssnyt&emc=rss
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I have two words for Schiff: "Louisiana Purchase". Remember that? That's what countries do when they can't pay their bills. France needed cash once, and it had a surefire way to raise it. Taxing people? Hell no. Sell assets.
I'm sure the Chinese would take Alaska as payment in kind.
Schiff rants on about inflation all day long and completely misses the 800 lb gorilla. We *will* pay our debts. And the Chinese won't accept out credit card.
Wow!
Joe McCarthy would be spinning in his grave at the sell out of America to "our good friends and trading partners".
Anyway, on a lighter note, if anyone wants something funny to watch this weekend try John Carpenters 1988 movie "They Live". Only instead of viewing it as a sci- fi, watch it as a political satire with the aliens being the FED controlling the government and banks exploiting the masses. And Rowdy Roddy Piper trying to get the sheeple to see the truth.
I think you will enjoy yourself
I agree that selling off parts of our nation should never be part of the equation, but it may be the only option short of a sovereign default where no one will buy our debt.
"our citizens that live in Alaska didn't make the debt to the communists, our government did."
Tell that to the French and Spanish colonists in the Americas who got sold down the river. Napoleon Bonaparte only made the Vente de la Louisiane out of desperation to finance his continued military campaigns and to humble England's Navy. The Texas Annexation was a second war for Independence (rebellion) from Spanish controlled Mexico in its own right and a violation of Mexican government sovereignty. It directly led to the greater Mexican–American War. With United States troops directly occupying Mexico City, and the entire Mexican territory at risk of being completely annexed, Mexico had no other choice but to sign the Mexican Cession treaty, relinquish all claims, and accept the United States token payment to absolve US guilt in the matter.
Might makes right cloaked in Manifest Destiny language has always been the policy of US expansion and diplomacy. Of course the concept of "ownership" is incompatible with the Native American and Christian concepts of "stewardship", but that is another argument entirely. Essentially, our strength to take both justifies our right to property and ability to defend it from additional claims. Vae victis is intrinsic to the system.
I am very aware of manifest destiny, how we acquired our nation, and even my family role in it.
However I will reiterate: “Perhaps our government and FED could work the debt off in one of those Chinese political re-education/ slave labor camps.” They create the “problem”, and then create the “solution”, and accolades, bonuses, and promotions abound.
There are three ways for a government to operate:
• Stay within your budget
• Raise taxes
• Sell debt (which is a guaranteed increase in future taxes)
I am glad we agree on the gravity of this situation, but we should never have gotten to this point where people even talk this way. One party always wants to raise taxes and the other always wants to sell debt so they can pretend they didn’t raise taxes.
In 1962 Russian Communist Nikita Khrushchev said:
When he was visiting the UN and on TV - with his famous hammering the shoe on the podium incident, exclaimed how the Communists would bury America without firing a shot: “Your children’s children will be living under communism.”
Then in a previous interview with the Sec. of Agriculture, Esra Taft Benson during the Eisenhower administration, Khrushchev said:
“You Americans are so gullible. No, you won’t accept communism outright; but we’ll keep feeding you small doses of Socialism until you will finally wake up and find that you already have communism. We won’t have to fight you; we will so weaken your economy until you fall like overripe fruit into our hands.”
Karl Marx - the father of the communist manifesto said,
"A new revolution is possible only in consequences of a new crisis."
The entire world is now looking at a financial tsunami. Many nations, including America, are ripe for Socialism - Marxism - Fascism - and yes, Communism "without firing a shot." It’s important that the American people understand what they are supporting.
There is a strong movement in America today to replace our forefathers design with political socialism and a collective bargaining system in which the central federal government collects an increasing amount of private resources, grabs responsibility of deciding everyone’s worth, and provides the government sanctioned benefits demanded by the people, (like heath care) and they are doing it under the banner or Nationalization.
Today their tactics are more subtle, but in many ways more devious, because they fly below most people’s radar. Their methods have been adjusted to win the hearts and minds of the people, who would then demand an ever increasing socialist government responsible for caring for its people’s daily needs.
Socialism is becoming increasingly popular with the American Populous while the end result will be communism and world domination. Public demand for government services grows evermore popular as they are fed government grants, services, and rebate checks...
The government controls most of America’s wealth, but that isn’t enough, they continue to desire more power and control and the tactics used to promote communism and socialism have greatly changed since the days of Khrushchev, but the results are still the same - domination and control of you and your family...
See below that this has been a long term issue of treasonous behavior:
http://neprimer.com/1963ComGoals.htm
As our nation pounds its weapons into plowshares, the rest of the world is pounding our plowshares into wepons. I wonder what's on tv tonight.
"Behind the visible government there is an invisible government upon the throne that owes the people no loyalty and recognizes no responsibility. To destroy this invisible government, to undo the ungodly union between corrupt business and corrupt politics is the task of a statesman."
-Teddy Roosevelt, the 26th President of the United States, during his 1912 election campaign (104).
"Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons and gendarmes at the service of the plunderers, and treats the victim -- when he defends himself -- as a criminal."
-- Frederic Bastiat, "The Law"
It is extremely unlikely that our government and FED would voluntarily work the debt off that they have incurred in a Chinese political re-education/slave labor camp. They would as just as soon you and I there for an additional profit. Short of the next American Revolution, they presently retain the position of authority and the strength to protect and enforce that authority with control of the police and armed services, intelligence apparatus, law making apparatus, and court system. COMPLETE CAPTURE.
Great final quotes. I wish more people would take them to heart and decide to do something about it.
Governments can also sell or lease their assets.
As we have seen, they can also pilfer the assets of private businesses like GM.
I hope we can grasp what Bastiat and Roosevelt said before they try to send us to Obama re-education camps. Just wait until Obama builds his own "civilian national security force." God help us all.
Stones set in place by our past kings:
Presidential Executive Order #10990
Permits government to take over all modes of transportation, control highways & seaports
Presidential Executive Order #10995
permits seizure and control of all communications media- telecommunications, television, internet, radio
Presidential Executive Order #10997
permits seizure and control of all electrical power, gas, petroleum fuels and minerals
Presidential Executive Order #10998
permits seizure of all modes of transportation including personal cars, trucks or vehicles of any kind.
Presidential Executive Order #10999
permits seizure of all food resources and farms
Presidential Executive Order #11000
allows government to mobilize civilians into work brigades under government supervision.
Presidential Executive Order #11001
allows government to take over all health, education and welfare functions.
Presidential Executive Order #11002
Designates the Postmaster General to perform a national registration of all persons.
Presidential Executive Order #11003
allows government to take over all airports and all aircraft, including commercial air craft.
Presidential Executive Order #11004
allows the Housing and Finance Authority to relocate communities, build new housing with public funds, designate areas to
be abandoned.
Presidential Executive Order #11005
allows government to take over railroads, inland waterways and public storage facilities.
Presidential Executive Order #10021
allows FEMA to take control of all banks and financial institutions in the US.
Compare this to the link in my last post.
@ Spidey
I know our government would never be responsible for it's actions. And trading land, resources, and citezens for debt might seem logical to some. However it is not Manifest destiny or vae victis, it is an extreme act of cowardice. In the war of Texas Independance the Alabama volunteers (militia) were given the choice to stay home safe with their women or enter Mexico (Texas) and aid the freedom movement there. When one of them asked " will we get to kill Mexicans", and the answer was found to be yes, they heartily said "hell, lets go kill some Mexicans". When Santa Anna was captured he was wearing womens clothing trying to flee back to Mexico.
Great decision by men who didn't need the government to tell them what was right. As our government was not involved.
William Travis: I have here pieces of paper, letters from politicians and generals, but no indication of when, or if help will arrive. Letters not worth the ink committed to them. I fear that no one is coming. Texas has been a second chance for me. I expect that might be true for many of you as well. It has been a chance not only for land and riches, but also to be a different man. I hope a better one. There have been many ideas brought for in the past few months of what Texas is, and what it should become. We are not all in agreement. But I'd like to ask each of you what it is you value so highly that you are willing to fight and possibly die for. We will call that Texas. The Mexican army hopes to lure us into attempting escape. Almost anything seems better than remaining in this place, penned up. If, however, we force the enemy to attack, I believe every one of you will prove himself worth ten in return. We will not only show the world what patriots are made of, but we will also deal a crippling blow to the army of Santa Anna. If anyone wishes to depart under the white flag of surrender, you may do so now. You have that right. But if you wish to stay here with me in the Alamo, we will sell our lives dearly.
James Bowie: I don't deserve mercy. I do deserve a drink. You got anything stronger than water?
Davy Crockett: If it was just me, simple old David from Tennessee, I might drop over that wall some night, take my chances. But that Davy Crockett feller... they're all watchin' him.
David Crockett: [Crockett is about to be executed by the Mexicans] You tell the general I'm willing to discuss the terms of surrender. You tell him; if he'll order his men to put down their weapons and line up, I'll take them to Sam Houston and I'll try my best to save most of them. That said; Sam's a mite twitchy, so no promises.
Sam Houston: I humble myself before God and there the list ends.
May God bless the men of the Alamo, and thats manifest destiny. this all stinks of a sewer rat. All the great men now are watching the ball game while our nation is destroyed.
Mexico would still love to see all lands ceded returned and is very public in those demands. and as his citizens invade our country and put their flag above ours, we offer them jobs that they don't have to pay taxes on. I wonder who will win this battle, probably depends on whats on tv.
To the rest:
No man has a right to carve up our Nation for a debt that the money to pay it with has never been printed. If you rounded up all cash that has ever been printed you wouldn't even be close to the amount that should be in circulation, more or less the interest, thanks to fractional reserve banking.
It's time people step out of the lie.
Geez, I can't believe all those EOs you have listed. If your descriptions are accurate, that is definitely some crazy $#!t we are preparing for, all outside the scope of our Congress where these laws rightfully have their place. I usually have friends refer me to these years after the fact, but few and far between. The majority are not on my radar, but you have compiled quite a list. I will have to look into those.
I did enjoy your post, it is not often I see a true student of history.
Glad you enjoyed it. The reason I tend to by lenient on Andrew Carnegie and not include him in any of my vitriol is because he at least tried to arrange for independence for the Philippines with $20 million out of his own pocket to avoid the Philippine-American War and opposed the annexation of Cuba by the United States. His family also gave a significant portion of their wealth to charity rather than to seek more control of government, banking, and the media like so many other Robber barons did. Perhaps in penance. Still the unethical business practices he used to run his Steel Co. were inexcusable and I make no defense. I see a lot of Andrew Carnegie in Bill Gates.
The camps were built before Obama, and are waiting to be used. KBR's finest moment.
google Civilian Inmate Labor Program and open the pdf for an eyeful.
"We must face the appalling fact that we have been betrayed by both the Democratic and Republican Parties."
-- Martin Luther King, Jr.
What would you like.........
I answered you in the following story, in the comments:
http://dailybail.com/home/eliot-spitzer-the-federal-reserve-is-a-ponzi-scheme-inside-t.html
Keep shopping, China needs you.
http://www.msnbc.msn.com/id/34855470/ns/technology_and_science-washington_post
Indeed, an excellent discussion. However the exchange had almost NOTHING freaking to do with the Schiff videos for which I was thanking YOU.
No, Spidey was actually intelligent and a decent human being. The discussion had everything to do with ideas to pay off the debt owed to China with the bad idea of giving up parts of our country to do it.
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How about what Germany owes the United State? Doesn't that count for anything?
How about what England owes the United State? Doesn't that count for anything?
How about what Italy owes the United State? Doesn't that count for anything?
How about what France owes the United State? Doesn't that count for anything?
How about what Mexico owes the United State? Doesn't that count for anything?
How about what Egypt owes the United State? Doesn't that count for anything?
How about what Israel owes the United State? Doesn't that count for anything?
How about what _______________ owes the United State? Doesn't that count for anything?
(fill in the blank)
Guess the world will have to go back to slavery. But no one wants more slaves. They're too surly. Malingering, looting, pretending sick, etc. Pay with national park concessions. Pay with toll road concessions. Don't give the land to them, just let them collect entry fees, etc. Pay with wilderness area concessions.
It's all fake, anyway. The national debt can't be paid off. If all the (phoney) money was given back, supposing all that has been lost, burned, etc., was replaced, the interest would still be due. There's no place to get the (phoney) money to pay the interest but to borrow it from the Fed, the original lender into circulation.
If one moves jobs to COMMUNIST countries they are COMMUNIST SYMPATHIZERS?
If one buys products made in COMMUNIST countries they are COMMUNIST SYMPATHIZERS?
BTU,BUT,BUT
Just how stupid can we "GREAT AMERICANS" be. This is some FUNNY SHIT!!!
http://dailybail.com/home/peter-schiff-the-fed-has-a-drug-problem-bernanke-is-addicted.html