Skip to comments.Peter Schiff – The Collapse Might Be Our Savior
Posted on 02/11/2013 11:34:17 AM PST by appeal2
Peter Schiff is a regular guest on FSN. He was way ahead of all the so-called experts, predicting the real estate crash at a time when Wall Street was still raking in the profits. We ran into him in the Bahamas at the Global Economic Summit. While others believe that country can still be saved, Peter believes that only a currency collapse, along with a complete cessation of easy credit is the only thing that can bring America to its senses. While there are certainly dangers from such an approach, it may be the only way to get Americans to accept the tough economic medicine that we so desperately need.
Listen to the Inteview
Indeed - the average, productive American worker and retiree is facing the non-stop water-torture of declining real wages, ever-higher taxes, zero interest on savings, higher costs in Gov’t-controlled education and health-care, and a unionized public sector workforce and Government in a corrupt feed-back loop that serves its interests first.
I say - let it collapse, the sooner the better. We will either wind up with an Argentine-style dictatorship or a return to real limited Gov’t, real money, and more personal freedom.
I’ll take my chances.
I believe for the sake of our children’s children we need a collapse, because this crazy spending is not sustainable....the crash will come sooner or later, and the later it happens, the worse it will be.
My only concern is when it happens that we will have armed conflicts when services and food get short which in turn open us to outside dangers and infiltration. The borders would need to be iron clad shut down during the reset.
It’s the sort of thing that led Germany to Hitler, Russia to Stalin, and Latin America and Africa to a series of Peronists and Chavists. I hope America is different, but I’m seeing a lot less evidence of that these days
History has been very clear on this point.
Geographically large nations split into more manageable pieces after economic chaos.
If there is a currency collapse there will not be a national reset.
I would not be surprised.....
“Geographically large nations split into more manageable pieces after economic chaos.”
And managed by warlords.
After a collapse of the dollar and we enter Great Depression II, I can’t see states like Texas sitting around and waiting for a come back. No. I see them seceding and going there own way.
You better hope that doesn’t happen. It is what European bankers wanted to happen in 1861. It is why Lincoln kept emphasizing, “The Union”. He didn’t give a rip about slavery.
Mexico is poised to invade the United States in the event of a collapse. Russia or China to take on Alaska. Will Canada mass troops along our northern border? Great Britain did, in 1861.
Do you know how fast Texas could put together an Army. About a week.
The only way for the American people to survive is to keep the Union together.
I suggest you view the documentary, The Money Masters, which explains how vicious and destructively diligent the European banks, especially the Bank of England, have been towards this nation, right from the start.
It shouldn't be surprising that someone named Schiff wrote this article. The Rothschild and Schiff families lived together in Germany during the 18th century, and together have carved out majority interests in all the world's central banks.
As for Texas, even today they can't get their damn act together concerning securing the border! Construction industry and agricultural interests in that state are opposed to shutting off illegal alien traffic. It is in their business interests to exploit this illegal labor. No, Texas must overcome their own internal greedy enemies before mounting a potential defense in the event of a collapse. I don't believe they can do it.
As to an economic collapse, I have no doubt it is coming, too. The Federal Reserve, which is a privately owned bank and NOT a part of our government, is tightening up the money supply while demanding other banks call in commercial loans, thus causing bankruptcies and high unemployment. This happened just before the Great Depression and the Crash of 1929.
“If we can go to our personally preferred warlord, that might be an upgrade. “
Think so? Does the term “serf” mean anything ot you?
Why would they invade when all they have to do is wait?
With Demographics Texas is already going back to Mexico within 10 years if amnesty passes or within20 if it doesn't
WTF? Peter Schiff is probably *the* most outspoken critic of the Federal Reserve and central banking in general. You must be confusing him with some other Schiff family.
The Federal Reserve, which is a privately owned bank and NOT a part of our government, is tightening up the money supply while demanding other banks call in commercial loans, thus causing bankruptcies and high unemployment.
The exact opposite is happening! The Fed is *adding* to the money supply. That's what "quantitative easing" is. This most recent QE regime is *adding* $45 billion per month to the money supply, in an effort to keep interest rates as low as possible.
"Tightening" is when the Fed removes liquidity from the system in an effort to increase interest rates. That is *not* what the Fed is currently doing.
They really don’t have to invade. Mexicans are already in the U.S.
Because the economic collapse is going to happen this year or next.
The cities will be under marshall law first, then Canada and Mexico will close their borders to keep everyone IN the US!
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