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Art Laffer Regarding Challenge & Bet Made With Peter Schiff on The Bill Maher Show
11/20/2008 Peter Schiff On Fast Money - "The Man Who Called The Collapse"
"I'll bet you more than a penny!" love ya peter schiff!
Wow, from 6:30 to 7:15 they're suggesting the worst financial stocks on earth to buy at the time their suggestions were made.
As Obama is the Socialist Joker, Art Laffer is the Economics Joker. He was oh so wrong. No one on earth should listen Art Laffer again. Ben Stein. Stick to Clear Eyes. You know schmuck all about money, banking, investing and economics.
I agree. I used to watch the morning financial shows back in the day, and I thought all those who talked up the markets and gave investment picks knew what they were talking about. I know better now. The ONLY one I have seen get it right is Peter. All those other pundits didn't have the faintest clue as to what was coming and WHY it was coming. Why anyone would care what any of those talking heads have to say today is beyond me. They ought to be rejected outright. Peter was--and is--right!
Start saving and invest in local products and services. Stop buying the junk you don't need from china.
lady is a talented and creative dancer/singer and she realy inspires me and i wont to be just like her!=) - "naked lady gaga DOT comm" heehee
RON PAUL and PETER SCHIFF are true americans. bush and obama should be put into jail. END THE FEDERAL RESERVE
Wow and how sickening is it that MSM heckles Peter and makes fun of him. This why I dont watch TV.
You could try. Go right ahead. But, can you tell me I am wrong about competition inherently leaving winners and losers- the winners consolidating power then tending to become corrupt. I say tend to because I have seen it happen a thousand times.
Couldn't I make the argument that competition breeds innovation and variety?
that is because 99% of the people don't give a shit. people put plenty of research in the flat screen tvs or cars that they buy. sure they don't research the under shirts they buy b/c that is immaterial to them. if they DO care than they will look into it. just like I only buy organic foods and very little things with corn b/c i care about what I eat. but if others don't and they want to eat modified corn products, who gives a shit? there is a market for that too! You may get it one day.....
"but people do that already" LOL. Seriously? Are you even TRYING to argue that the American consumer has a CLUE about the products they buy? LOL. Go to any mall and ask around- MOST American consumers are 99% clueless about methods of production, and every other aspect of business. This is more of an indictment of our corporate media system than the lack of education, but certainly that plays a crucial role as well. Have a great day. Life is fun!
1) Sure people need to be educated about the products they buy but people do that already, not as important as no reserve banking 2) That is why you need a gov't that doesn't spend a lot of money, so there will be no way for "companies that get too large will choose to simply buy off govt rather than conform to market desires." The reason we have corporatism is b/c the gov't is so huge that it gives the incentive for companies to use the spending power of gov't to make a profit like we see today
None of the things you mentioned matter if the consumer isn't knowledgeable and informed, and therefore able to make an intelligent choice that reflects their values and desires. I disagree with your analysis of consolidation- to me this is the heart of the dysfunction of capitalism- because by consolidating, you invariably open the door for corruption- companies that get too large will choose to simply buy off govt rather than conform to market desires. We see it today over and over and over.
@tristramshandy3, a small gov't is the most important thing in order to have a free market system as well as; sound money, no fractional reserve banking, free entry in to the market place, no intellectual property, no corporate legal shield, legalized drugs, and the list goes on. The role of gov't in a free market is to protect the liberties of the individual from fraud from other individuals. There is nothing wrong with consolidation if they can't use the force of gov't as a means for profit
on paper it's a nice system- but in reality it doesn't work. competition leads to consolidation leads to corruption leads to disaster after disaster. In order for a free market system to function, you absolutely MUST have two things- a VERY well educated populace, and a VERY independent media that speaks truth to power. The USA doesn't even come CLOSE to meeting either of those standards- and we get the mass corruption and bullshit that our system delivers to us as a result.
Do you oppose capitalism?
Who goes to FOX for news? I mean really? They've been wrong about EVERYTHING and they don't issue corrections except when ordered to by the court which almost never happens. Peter Schiff knows his stuff except to never appear on FOX.
You are talking about "A" choice of illusion, not choice of being free ...
@gold95 Choice is an illusion created between those with power, and those without.
I like to put up a chart of the S&P while I watch these. The part with Ben Stein was the best: "Buy! Buy! Buy!" *CcRRaaASssHhH*
Peter Schiff for Senate 2010!!!
One of the greatest minds this century
And carefully avoiding my questions.... hmmm.. that's not very smart, is it?
If you make sense you are not allowed to speak in mainstream media... My question is: where the hell is one supposed to get the real *REAL* and relevant news?
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