Peter Schiff On The Daily Show With Jon Stewart (Clip From June 9)

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Peter Schiff
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Peter Schiff says we need an economy based on savings and not consumer credit.

Fund manager and hilarious anti-Keynesian, Peter Schiff, made an appearance last night on The Daily Show with Jon Stewart.  Schiff made some excellent, and very non-partisan points about the failures in Washington.  Schiff blames both political parties for the credit-driven, bubblicious and unsustainable economic reality of the last decade, though he doesn't take any shots at 'free-money' Greenspan.  A shame considering it was national TV and all.  Greenie is responsible for much of this mess and his rep is still way too clean.

Highly recommended:

Lookout Krugman: Belief In Keynes Is Belief In Self-Delusion (Peter Schiff Video)

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bailout comedy, financial comedy

Comments

[DailyBail]

http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=13812470&fsrc=twitter

America's debt is Barack Obama's biggest weakness

[DailyBail]

Outstanding Federal Debt Analysis. MUST READ.

http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html?_r=2&hpw

[DailyBail]

Very Entertaining Jonathon Weil and Caroline Baum are great opinion writers for Bloomberg

Banks Trade TARP for Bonuses, Debauchery, Jets: Jonathan Weil

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anERpNRXfnss

[DailyBail]

When it finally becomes clear to the failed bulls who believe we are in recovery, then the markets will be in serious trouble.

ECB fears bank crisis in 2010 as recession drags on

http://www.telegraph.co.uk/finance/economics/5498989/ECB-fears-bank-crisis-in-2010-as-recession-drags-on.html

[DailyBail]

Pelosi’s Husband Lost as Much as $1 Million as AIG Stock Fell

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5KHjl2dySoA

[DailyBail]

Option ARMs Threaten U.S. Housing Rebound as 2011 Resets Peak

Shirley Breitmaier’s mortgage payment started out at $98 when she refinanced her three-bedroom home in Galt, California, in 2007. The 73-year-old widow may see it jump to $3,500 a month in two years.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aQ_ZgC75Zfyw

[DailyBail]

Very compelling.

For five months now in the Umbrian hill town of Perugia, an American exchange student called “Angel Face” by the tabloid press has been on trial for the murder of her roommate. On Friday, for the first time, that student, Amanda Knox will testify on her own behalf.

The case against Knox has so many holes in it, and is so tied to the career of a powerful Italian prosecutor who is under indictment for professional misconduct, that any fair-minded jury would have thrown it out months ago.

http://egan.blogs.nytimes.com/2009/06/10/an-innocent-abroad/

[Something Polish]

"Peter Schiff, made an appearance last night on The Daily Show with Jon Stewart."

The clips the Daily Show ran of Schiff getting shit right were good, but they omitted the responses from the chuckleheads calling Schiff a loony Chicken Little and what have you. Why are the rest of those jackasses still on the air (a la "Dow 36,000" meatheads).

"Schiff made some excellent, and very non-partisan points about the failures in Washington. Schiff blames both political parties for the credit-driven, bubblicious and unsustainable economic reality of the last decade,"

Which is a good and important point in this case, but bipartisanship for bipartisanship's sake morphs into High Broderism and false equivalence ("but the other side does it too....") in short order.

"though he doesn't take any shots at 'free-money' Greenspan. A shame considering it was national TV and all. Greenie is responsible for much of this mess and his rep is still way too clean."

Indeed. Although he did bring up interest rats. Maestro my ass. I'd like to see someone say on TV that the Obama Administration (and the previous Cheney Administration) are fully owned by Wall Street (and show why if need be). The bastards.

[Ain't Bullshittin']

Those in Rome argued over who was at fault....while it BURNED to the ground. Same story different era.......We are witnessing the collapse of America in real time on CNN, FOX, Bloomberg, and CNBC.

[James H]

"but bipartisanship for bipartisanship's sake morphs into High Broderism and false equivalence ("but the other side does it too....") "

@Something Polish

This is such an important point. You should type this up into a nice little memo and send it to every MSM reporter on the planet. Tatoo it to their foreheads. Whatever it takes, because they just don't get it. Is "High Broderism" your phrase? That's great stuff.

[Something Polish]

"Is "High Broderism" your phrase? That's great stuff. "

If only. Atrios prob'ly coined that. Or possibly The Editors at thepoorman.net.

Hey, look what I found:
http://www.urbandictionary.com/define.php?term=high+broderism

[DailyBail]

Speech from Peter Schiff Earlier Today.

Why the Meltdown Should Have Surprised No One

http://mises.org/story/3493

[DailyBail]

@Polish

I feel what you're saying. I made special mention of it being bi-partisan but this was a mis-statement. Was attempting to convey that he attacked both Bush-Paulson and Obama-Geithner. Shoudl have said he was non-partisan. Glad to have you back.

While you were gone, our unique readers jumped from 3,000 per day to 35,000 per day for the past 5 days. I'll show the numbers tomorrow.

[James H]

@Daily Bail

Just to be clear, I don't think anyone would accuse your site of "Broderism" -- high or otherwise.

[spideydouble]

@James H

That should be clear to anyone who actually reads this site.

[DailyBail]

That's right. I RIP EVERYONE regardless of party when they do a disservice to the American people. We are equal-opportunity revolutionaries.