Replies

That was very entertaining I enjoyed watching it thanks. I’ve had of pretty much the same sentiments that Peter Schiff has had for the past several years as well.

The only things I took exception to and they’re minor is at the 26:40 mark he makes a comment about the governent allowing for larger securitization of loans than the free market would have. Which if you pay attention he contradicts himeslef several seconds later when he acknowledges Wall Street’s role in stepping in to the position of Fannie and Freddie basically allowing for the free market approach to securitized lending. Which as we all realize by now hopefully isn’t actually very securitized...

I also thought that his outlook on the value of dollar was a little gloomier and doomier than I can imagine. But I do forsee price fixing and I do agree with a forth coming currency bubble.

Anyways I’m curious as to how you feel about Peter’s position opposing outsourcing. FYI, I see globalization as further self destruction of America. But I know that many here don’t agree with that, I’m just about your sentiments?

at the 26:40 mark he makes a comment about the governent allowing for larger securitization of loans than the free market would have. Which if you pay attention he contradicts himeslef several seconds later when he acknowledges Wall Street’s role in stepping in to the position of Fannie and Freddie

I missed that. I'll have to check that out.

I’m curious as to how you feel about Peter’s position opposing outsourcing. FYI, I see globalization as further self destruction of America. But I know that many here don’t agree with that, I’m just about your sentiments?

I learn so much on this forum day after day, so this is only my current position, subject to change upon further information: My gut tells me globalization and offshore outsourcing is self-destruction for the U.S. OTOH, according to what I've read, the "experts" (though I don't know if they all agree) say we lose more in American business and jobs when we try to stop businesses from outsourcing to other countries, or when we try to halt or slow the flow of products and services from other countries into ours. The quote-unquote "experts" do make a valid point there.

However, here's where my opinion will never change: I've always opposed American business bringing in noncitizens to fill jobs here, whether they're illegal aliens or H1Bs.