For the latest Peter Schiff, go to PeterSchiffBlog.com – Why does Warren Buffett support all of the spending by the federal government? Buffett apparently thinks that going deeper into debt is a good way to get out of debt. He’s right when he says that there is a lot of inflation in our future. But then he supports the policies that bring about that very inflation. The time to put on the brakes is long past. We are unfortunately going to have to take the pain. The inflation is a big deal right here, right now. By the time Obama runs for reelection in 2012, the price of oil will most likely be above 0. There isn’t any inflation showing up in producer prices, but that is like looking in the rear view mirror. The money supply has increased, and that money will show up in the economy. Our economy is being debased, and Warren Buffett is applauding the government for doing it. There is much hope to have by allowing a free market economy. The American people have lost a war, but we can still rebuild.
also… the debt is idk about 95% of the gdp…. and inflation supersedes gdp growth… and jobs are going down.. unemployment is 22% inflation 10%…its a depression.. oh and fox is continues to make me wonder how they are considered news…
i am weening my self off the dollar so when it happens.. my family will be ready… and well be laughing on the sidelines… prepare your self my friends!
orderly decline………..sad
no signs of inflation? what is she on??? and who the hell trusts the fed hyped CPI or the GDP numbers anymore?????????
This is probably going to sound like a stupid question to ask but…..what does Buffet really know about owning debt anyway?
Seems more and more that the US will suffer a combined collapse in the local money supply AT THE SAME TIME it also loses its value. Ouch!
I’m amazed that while the Federal Reserve is deliberately expanding (inflating) the money supply, people will say they don’t see any inflation.
He is so right and as we move toward total collapse and the federal reserve threatens the congress, if you will look at history it hasn’t changed, then you will see the game is the same just bigger numbers and it will be the people who are hurt while they are in their bunkers living well. When the collapse comes remember the fed and the elite, they put us here for their own greed.
@BKSinAZ
It’s ridiculous, right?
But then you ask the people “would you vote for Pete Schiff” and it’s a resounding “F’in yes I would”
These talking heads… THEY are the pessimistic ones. Their job is based off of being the bearer of bad news.
Peter predicts $200 oil by the time Obama is up for reelection. So far he is right on the money as it was $40 when Obama was elected and now half way into his term it is $105 and climbing.
@UBSCARED Revenue does not equate to the creation of wealth. What are we producing? We are just making money more available, creating inflation, and we will continue on a consumer driven economy, which is not creating wealth. We might as well create a million gov jobs, and say we are going to collect tax from them. It would have the same effect.
Also, I am not quite sure what you mean. If the goal is to reduce unemployment is to collect tax, then isn’t the purpose to reduce the deficit?
Warren Buffet does not think the best way to get out of debt is to go deeper into debt. That’s a straw man and an incorrect summary of Buffet’s argument. The best way to reduce unemployment is for the Federal govt to go deeper into debt. Reducing unemployment will increase the amount of revenue raised by the govt but the goal is not to reduce debt, it’s to reduce unemployment.
Peter is truthful and realistic and that is Positive….. Negative is the liars in Gov’t pretending things are getting better
warren buffet is dead wrong, he only got rich cuz he was really lucky, over and over and over and over and over and over and over and over……..etc.
See how the male news anchor demonizes Peter Schiff by 1st, asking if he is running for senate. then 2nd, he asks Peter how will he get votes when he is so negative.
Typical television news.
Damn Liz has got a fine set of headlights
@trueconservatie33
Banks and some investment banks received bailouts. Berkshire Hathaway did not, but he does own stock in banks that did receive bailouts. But, for what it is worth what large bank didn’t get a bailout.
@ironman2432 warren buffett’s berkshire hathaway probably got a big bailout, actually i believe i did. those ultra rich elite understands our banking system, the minority dont.
@commonsense2008 warren buffett’s berkshire hathaway probably got a big bailout, actually i believe i did. those ultra rich elite understands our banking system, the minority dont.
@JimmyDistant He probably knows what’s coming, among so many others. Understand we are talking about the Global Elite, owning billions. They aren’t exactly stupid, just sneaky. If they don’t know what’s coming, I wonder if someone can explain me why they are building underground bunkers all over the place. Check out Denver Airport.
@trexx32 your right, he was wrong when he predicted the severity of the 08 crunch in 06
i hate to say it, but Schiff is dead on
Buffet is not wrong hes a liar
i am on a small pension plus social security. When this country collapses, i’ll have lost a paupers wage compared to warren buffets billions. I cant believe he and other economists cant see it coming. you cant continue to borrow and borrow money, send all your manufacturing jobs overseas, and then bring in millions of immigrants legal and illegal looking for a better way of life. it is not a good recipe for a robust economy no matter which way you look at it. maybe warren is getting senile amen
Warren Buffett is relying on California debt and federal debt for the high speed trains. His gas lines are planned to feed the energy plants in CA for the train from San Fran to Palmdale to Victorville to Las Vegas. The ridership isn’t ever going to be there and the water required to cool the plants aren’t there.
2:55-3:06 The most IMPORTANT FACT to all the inflation naysayers.