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Rising global stock markets and proposed tax code changes
Posted by admin on October 5th, 2010
Posted in Depression Videos 
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I'm just looking at the "peace statue" in the book shelf.
The U.S. economy is actually headed into a very serious depression. From the year 2000 the Dow has lost 39% which is close to the loss of 42% for the decade of the Great Depression. Trade is also down to Great Depression levels and industrial production for the past nine months is in a decline similar to the nine months after 1929. This calamity has only just begun. Besides, the market has been tanking the last few days.
Though I agree, advising doesn't necessarily mean making policy. No politician will ever do anything that will collapse the economy, even if it was for the best.
Peter, you SHOULD be the Chief US economic adviser.
well i think that considering all definitons today for inflation are from the demand side taking from the supply side is logical. Moreover if you live in country that considers inflation at 20-30% to be realistic than that sucks Australia my country defines it as between 2-3% to preserve the purchasing power of our dollar of course
Very interesting (Scary) stuff about burden of proof!! Did Obama study law to figure out how to take away individual rights? Perhaps he believes that rights should be given to a select group of people and taken away from others. Time will surely tell and we won't have to wait too long at this rate of change.
I only got onto this guy recently and he's pretty cool. I'm beginning to love him more and more.
you da man
Yes i agree with your first paragraph. Technically `inflation` is just an increase in money supply. However when people actually yes inflation they usually mean consumer inflation.
It is a fact to say that increases in money supply have not always led to increse in consumer inflation, it may or may not this time. Yes `IF` they dump the dollar, i am glad you have admitted this is just an if. I live outside the US, it is unbelievable how much confidence foriegn investors have in the dollar.
Nobody mentions that the dollar(DXY) and the euro(FXE) go in opposite directions every single hour of every single business day.
You've been reading too much J.M. Keynes: First off, inflation is an increase in the currency supply (inflating means expanding). Rising prices are NOT inflation; they are a result of it.
Sure, there's been a disconnect between money supply growth and prices because much of the money is held by foreign central banks. If they dump the dollar, a tidal wave of fiat money will flood the United States, and prices will rise fast. This, plus recent unprecedented FED printing = disaster.
You have been reading too much from Milton Friedman. money supply and consumer inflation have not been linked for years. Moreover it depends how you define hyperinflation. 20%-30% a year for many years is realistic and could be considered hyperinflation. However inflation at over 100% pa is very unrealistic.
Hahah, this guy is amazing... just seeing through all the noise.
Thanks for doing these!
obama sucks, democrats suck, republicans suck, END THE DAMN FED!!! HR 1207
I am not racist. Obama is completely fucking useless. he defines it perfectly. big dependence on government, still living in government housing (ha), extreme tax enforcement now. Fuck this guy.
try not to let your racism leak out during unrelated discussions
We all need to work together to stop the Federal Reserve from creating hyperinflation. Read the articles and signup for the free newsletter at: Inflation . us
you keep me goin mr. Schiff.
Peter, are you scared to talk about the money masters who own the FED? Expose them! Talk about what Andrew Jackson did to them when they tried to take over America!
what dyu mean.
He's not elitist, he is for Free Market Capitalism. If he was elitist he would basically not be saying what he has been.
As always a great video Mr. Schiff!
Leftists are all about leveling the playing field to their own advantage. This time they've gone too far, and will literally kill America if they're not stopped.
that's been the case before and after the stock rally, and probably will be the case for years and maybe decades to come.