Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Peter Schiff" channel.

  1.  @eisenjeisen6262  I was able to get rid of all my debts by working 14 hrs a day after I graduated university in 2001. I was working 1 full time job and 2 part time jobs. Paid off my home, paid off my student loan debts, paid off my car, and now I can save most of what I earn.
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  2. If that were true, there would be a shortage of silver which has gone down 55% from its high of $49.70/oz. You can buy all the silver you want, there is no shortage of 1000 oz bars of silver.
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  3. The Chinese are getting a trade surplus, and they are using it to buy U.S. treasury bonds, U.S. real estate, and U.S. equities. All the money they made is being invested right back in America. As a result, interest rates are lower which benefits people who buy cars, homes, and get loans. LOL
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  4. It isn't only China that is doing it. The European Union is doing it, and all the countries that trade with the U.S. are doing it as well. When people make enough money, they emmigrate to the USA and buy real estate here. Most of the luxury condos and penthouses in New York City are owned by foreigners, they can Chinese, German, French, South Korean, Russians, Saudis, Belgian, British, Spain, people from African countries, Brazil, Columbia, etc. Rich foreigners go to New York City and do their shopping here. You have foreign tourists who come to the USA, going to places like Yosemite, Yellow Stone, Mount Rushmore, Statue of Liberty, and other places. They come here spend a lot of money in the USA. It is good we have all this influx of capital returning to the USA. You cannot consider these people to be your enemies. They are buying up about $140 billion worth of agricultural goods from the USA every year.
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  5. I can't say they are taking advantage of the USA, because if you understand how trade works. It is all about comparative advantage. The country that produces a certain goods more efficiently does so at a lower cost. If it costs less money to produce an item in let's say China, Vietnam, India, Nepal, Thailand, Sri Lanka, Madagascar, Mexico, El Salvador, etc, corporations and companies will outsource the work out to those countries. With artificial intelligence, and advanced robotics, it may be cheaper to produce items employing automation than outsourcing it out. That isn't going to help workers in the USA. The steel industry in the USA is producing much more than they ever did using a fraction of the workers they used let's say 40 years ago. Trump isn't going to help you get a factory or manufacturing job making widgets. Most of the manufacturing jobs here require a high level of skill, unless you have a degree in computer science, electrical engineering, mechanical engineering, manufacturing engineering, or other skills. You ain't going get shit. The other factory jobs that are labor intensive can simply be sent to other countries that aren't affected by tariffs. They have billions of hungry in this world that make less than $20 a day, and they aren't going to pay you $20/hour for people who can do the same kind of work as those other people can do. The Republicans, Democrats, most business people, and corporations don't give a shit about you. The rich get richer, and Donald Trump is rich, you give think he gives a crap about the middle class? Most of the stuff he produces are produced in 3rd world countries. LOL Do what I do, study something like computer science, or a 4 year university degree work in a nice air conditioned office. You can't fight economic realities. You can only make improvements in your life that can benefit you, and if you refuse to adapt. That's on you, you lose our job, you become homeless, no body fucking cares.
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  6. I don't believe Trump, you can believe him. I am going to start shorting the stock market around next year. The writing is on the wall, Trump will crash the economy. I don't have to crash with it. You believe whatever you like, and you can be the breadlines with the millions of other people who believe it and get hurt by it. LOL
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  7. Before the last recession in 2008, I made a pretty good deal of money. I really don't care about political views, political beliefs, or anything like that. I care about only one thing, how can I benefit from it? I don't have to be a sheep and believe Trump when he is a known liar and conman. I am not a millennial, I am a Generation Xer, there is no such a thing as WE in my generation. It is all about the ME. What do I get out of it? If Trump isn't offering anything to me, I don't have to have follow him and get slaughter by his policies. When the economy does crash, no one is going help you. You can ask Trump for help, the person who cut welfare benefits, and he going to tell you to take a hike. Pull yourself up by your own bootstraps. The farmers who get ass raped are on their own as well. Sure, Trump will give them $12 billion for now, but he isn't going to cover the $80 billion in lost trade they will suffer from year to year. When all this happens, I will buy homes for less money, I will buy back stocks for less money, and I will find more business opportunities. LOL
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  8. This whole stock market crash was orchestrated for one reason. The reason being automation, robotics, and computer technology. Most workers are obsolete. Most factories, workshops, warehouses, online stores, etc. Even in the army they are using drones, self driving supply trucks, etc. So, they faked a recession. The middle class who lost their jobs due to automation and outsourcing will join the ranks of the permanent poor.
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  9. They can't lower interest rates, because if they did the economy would crash.
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  10. Such anger. The recession is over if you have a 4 year degree or higher, it isn't over if you are unskilled and uneducated.
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  11. You did have taxes back in the 1900s, tariffs were high, but there was almost no income tax.
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  12. TSA never stole anything the last time I traveled which was around October of 2012. Stop making up stories.
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  13. Physics doesn't have to do with anything with the transmutation of matter that is chemistry. Elements can be turned into other elements by absorbing neutrons and also by bombarding it with protons. This is how they make nuclear weapons, turning uranium 238 into plutonium 239. Uranium 238 decays to lead 206. Elements can be transmuted that is what alchemy was all about!
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  14. Can it get worse? High gasoline prices, higher prices for imported goods which is just about everything we use. LOL
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  15.  @beja8694  Under Obama??? Gasoline and oil were cheap throughout Obama's presidency. Gasoline and oil got expensive near the end of George W Bush's terms of office from 2007 to 2008. In the 1st 2 year of the Donald Trump presidency, prices have skyrocketed for oil, gasoline, and inflation is getting higher and higher. Now, tariffs on top of that which will make prices even higher for most consumer goods. When this economy goes into a depression, I hope you idiots realize how stupid you were voting in this con man and clown into office. If you have a lot of money, it doesn't matter for you. For the rest of us who aren't multi-millionaires, or billionaires prices going up will make it more difficult for us to pay our mortgages, rents, paying our bills, car payments, child care, and other fixed expenses more difficult. Most of us make a fixed income, whether you operate a small small or medium sized business, or work for others. Oh well, you can't fix stupid or stupid people. Enjoy it.
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  16. For one, the U.S. produces a lot of things the world use. On the other hand, Zimbabwe doesn't and that's the difference. The U.S. produces F-16s that cost $18 million, F-15s that cost $45 to $80 million, largest producer of crops, a very large producer of minerals, lumber, food stuffs, agricultural goods, a very large producer of munitions from 5.56x45mm to AIM-120 missiles($150,000/un), oil, coal, medicines, medical equipment, heavy machines, etc. The U.S. has a lot of technology and resources.
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  17. The working age population is about 200 million people, and 90 million people out of 200 million are out of work. The real unemployment is about 45%. How many more people are under employed on top of that?
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  18. You doomsayers still believe the economy is going to crash, and we will be living in a road warrior world, ROFL. Wrong, wrong and wrong. As long as the infrastructure is still intact, life will go on. The doomsayers will most likely lose everything, because banking on a total collapse never happened.
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  19. Foreigners can buy American oil, natural gas, commercial aircraft, heavy industrial machinery, farm equipment, bauxite, copper, iron ore, helicopters, munitions, jet fighters, military equipment(thermal optics, high end night vision, autocannons, fire control systems, etc), automobiles, etc. There is a lot of things foreigners can buy from the U.S., and they can use those dollars to buy from others who use dollars.
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  20. They already have lawn mowing robots, they cost about $1 to $2k.
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  21. Over time, the currency will be devalued. It seems to me governments and central banks all over the world are printing lots of money, but we still see a very sluggish economy. All this money printing and the global economy is down more than 92% from its highs in 2007. This might be one of the reasons why commodities are going down.
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  22. Tlooooth is a troll, just ignore this idiot.
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  23. I see.... So, people aged from 18 to 60 are unemployed, so it isn't in relation to the total population. 90 million+113 million people aren't working in the USA, so 64.9% of the total population are either unemployed, too young to work, disabled, or too old to work. That is a lot of people who aren't working.
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  24. They can't raise interest rates, because the real economy is weak. That guy with white hair is such a bullshitter. The Fed Reserve should raise interest rates to 5%, but they can't because that would crash the stock market.
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  25. All prices quadrupled or more in the past 13 years, and wages have been stagnant for 13 years. Not only were most wages stagnant, wages also went down because of the crash of 2008. At least most 401ks didn't go down because of the stock market being inflated. In order to keep up, one must get new skills to make higher wages.
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  26. I heard enough of the truth movement in the past 6 years, and most of them are a bunch of charlatons.
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  27. I said this is the beginning of the economic turn around, and the beginning of the end for gold+silver. Silver went down from $49.50/oz to $23/oz, and gold went down from a high of $1950/oz to $1430/oz. The 90 million people you talk about who don't work are either too young or too old to work, they are also disabled people. A barrel of oil was $150/barrel in the middle of 2008, and now it is about $96/barrel. Where is the inflation?
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  28. Peter Schiff is honest, compared to these other economists who are merely cheer leaders for the Republican party.
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  29. I used the same strategy for the past 6 years, and I always made money. It is so damn predictable.
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  30. LOL
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  31. In a few months or so, Jerome Powell will say something that will make stocks go up again, or some fake statistics will come out and state job growth. Sales went up, or some other bullshit. That will make stocks go up again. LOL
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  32. Put away some money for gold. Gold is always good.
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  33. What is so good about silver? It isn't rare or valuable, and it tarnishes at room temperature?
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  34. Printing money doesn't equate to inflation, you have to remember that this money is going into few hands. People who have lots of money are very tight with their money. Look at the dollar index, it has been steadily going up. The price of commodities are lower than they have been since 2008 when a barrel of crude oil was about $148, it is about $94/barrel. A pound of copper was about $4.50 in 2008, and it is about $3.50/lb now. Food prices are going up because of the weather.
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  35. There isn't enough gold in the world to back China's currency or any currency in the world. Did you hear about the Chinese real estate bubble? The Chinese have 20 to 30 cities the size of New York, and Los Angeles which are completely empty. The U.S. exported more oil than they used for the past 3 years. Even if the petro dollar is dumped, the US has enough oil, coal, uranium, natural gas, and other sources of energy to get them through.
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  36. That is true, the real productivity is really down. You can check the Baltic Dry Index, and it is down from 11,500 in 2007 to 850 in May 16, 2013. The global economy is in a depression.
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  37. Sure automation requires more initial capital, but over time it does save a lot of money. In 6 months of a few years, the automated system will pay for itself. You don't need to turn on the lights, pay health insurance, no wages, no complaints, and you have a machine work force that can work around the clock.
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  38. I always buy when the Dow drops, I've been doing it for 7 years. Worked all the time. Today, it went down 333 points, and a few days later it will go up 400 points. It is manipulated and predictable.
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  39. Inflation is the answer.
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  40. But........ Trump said this was the greatest economy in the history of the world. I think Trump lied. LOL
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  41. U.S.A. is a colony of China. LOL
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  42. Trump is a professional bullshitter, he is a reality show TV host, so this is what we can expect. A man who creates drama and doesn't get ANYTHING DONE.
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  43. What is it going to be, let the dollar become a worthless currency, or raise interest rates?
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  44. The Federal Reserve reinflated the economy after it crashed in 1987, they reinflated it in 2000 when it crashed. They can do this again and again. They will crash your gold by making massive short positions and bankrupt you.
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  45. Peter Schiff can be pretty funny sometimes, LOL.
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  46. I think Twitter should close Donald Trump's account, he is causing a lot of problems with it. Plus, presidents shouldn't tweet like this.
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  47.  @a.r.gentum6517  The 1st Amendment doesn't apply to private companies. For example, you can't do or say whatever the hell you want in any private business, this is why they put up a sign "We have the right to refuse service to anyone". Private companies have policies you have to follow. The 1st Amendment protects individuals and private companies from the government trying to censor them. I know the law knuckle head.
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  48.  @a.r.gentum6517  That isn't according to me. You can't say whatever you want in a private business. You can't say whatever you want at work without consequences. Just try to say some crap about your boss at work, and tell him/her it is my 1st Amendment right? You'll be fired, or they will make your life at work so miserable you will want to quit.
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  49. Trump surrendered. LOL I thought Trump was great at making deals? Maybe, "The Art of the Deal" was just all a bunch of bullshit. LOL
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  50. Krugman's Keynesian economics works, the economy is rebounding.
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