Comments by "TheEVEInspiration" (@TheEVEInspiration) on "Peter Schiff" channel.

Thanks for doing your part Peter. The corruption and power abuse that has been going on in the world affects us all and Trump is the only candidate against it.
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IMO Zelensky is a criminal in all ways. And if a critique on his clothing is seen as hostile, then that only proves I am right.
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Of the countless accusations against Trump, nothing so far has stuck. It is how the democrats and socialist minded in general conduct their fights. Throw accusations and a lot of loaded name calling to elevate themselves on a moral high ground. After all the revelations with actual proof on who did the bad, no sensible person will take such accusations against Trump at face value anymore. At this point every accusation looks badly timed, pathetic, weak and mean spirited. People are sick of it and the real deplorable's (democrates) are loosing minds at an accelerating rate!
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Harry Kays If they want it all themselves and still import more on top, then they are better off with a low price.
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+LacusTheDestroyer Proper economic analysis and economic modelling separates "being able to" and "willing to". For they are factual different, economically and socially come into being differently and they even influence each-other with credit and interest as a mediator. Stripping such distinctions away replaces actual information that can be reasoned and modeled upon with pure guesswork and believes and most certainly is not science (despite the modelling effort, else religion would be science too). A owner of a shop with unexpected low sales needs to know what is wrong. Just reasoning demand is too low will not give any guidance to what actions are required to be to improve the situation. Some obvious options are: more advertising, sell at lower prices, switch to cheaper products, switch to more expensive products, relocate, sell other things, create credit lines. Just modeling and reasoning at the demand level gives zero usable factual insight!
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As usual Peter makes perfect sense in a sea of nonsense!.
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I like it when Peter can speak and say what is on his mind. There are so many "interviews" out there, that really do not give him that opportunity.
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CEO payout relative to the number of people is a very poor metric ...it assumes that the CEO has an actual function related to, and daily dealing with every worker. Like the manager positioned just above the lowest worker has with his. It also assumes that all the progress the that manager makes is attributable to the efforts of that one CEO on top of it all. Both are complete fallacies of course. A CEO is there for strategic decision making and managing the higher levels of management and reorganize when needed. Some industries are complex, but have few workers or are specialized in many sub-divisions. While others are much simpler and have tons of workers. A metric that assumes the number of workers is important, will overpay the CEO doing a simpler task! Pay a CEO a lot, no doubt about that, but judge on performance on his/her work and not the total amount of workers in the company. In this picture the number of workers is next to irrelevant! Just as there is no 1 to 1 relationship on the price of the product and the wages. There is a relationship of course, it is just not as strict as presented in this clip. For one, paying more means more goes to the government in the form of taxes. While adding no value at all in the process, which is simply making the economy perform less efficient and less fair. It is basic math really and I know Peter Schiff is for much smaller government and lower taxation too. Thus the point he makes in this clip makes sens to him. But the government part of the equation part of this clip, making the presentation of his point a very poor one indeed.
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My condolences Peter. To you and other relatives.
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tf2exe They are not exactly in a position to push trough change, are they?
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Too much shouting for too long, can't watch this in full.
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Lets also not forget there are a great many unemployed people, more then official numbers indicate. CVs are coming in faster then anyone can process them! This enormous pressure and of oversupply versus the real demand for jobs, will suppress all but the highest skilled wages and displace the lowest skilled class. Like those jobs at Walmart traditionally are. This market condition causes company earnings to skyrocket as labor costs after all is often a large part of the total costs side on a companies balance sheet. The sick part is that CEO's claim and get attributed to them, those improved results. While it is blatantly obvious it is not as a result of anything they did themselves! I can understand the anger people feel and certainly towards people defending the current CEO wages and secondary earnings. Those often are indeed way out of bounds with their actual performance. Will fixing the above, improve worker pay? Not one bit...the simple fact is that wouldn't change the market conditions and the money saved would be infinitely small on the whole and not enable lower prices that would actually help those low paid workers! The only real solution is drastically dismantle government and military spending in order to enable lower prices and have people keep more of what they earn. That way, people can make rational decisions about what to do with what they earned in accordance to what they actually want and need.
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@2000drpain86 It is pretty pointless to have a discussion based on GDP when the value in which it is expressed is falling. Even spending borrowed money will increase GDP, while it is clear your net worth goes down in that case. For the same reason, saving something that is loosing value does not give you a growing buffer for when things go south. Inflation will kill you, all the while statistics you adore keep looking good.
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The real question of today is why Peter does suddenly sound like Max Keiser due to the way he speaks. It is almost like hyper ventilating...never seen Peter do this before.
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Eh Uh Uh Eh ... Uh Eh Uh ... Someone needs more practice in public speaking i think!
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That is very subjective I think. For one, I find it terrible if he wouldn't and let nonsense data go on and on only to be misused to build a fraudulent argument over. And yes, people do that on purpose as it is so easy to do. Social formats are kind of designed to keep everything else, including truth out of the way. So if you don't open your mouth when it matters you might as well go home and forget about talking as it wouldn't do any good.
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@imgdumpprep I don't think you can support Peter from outside the US directly. Donations from foreigners to my knowledge will be transferred back and you cannot vote either. In the end spreading word of his campaign in Connecticut somehow, or buying his books is the only way for "outsiders" to give a little positive push.
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@devildad1620 Life is also what you make of it, if you can spend time doing what you like most instead of having a paid job while earning not that much less, it certainly is an easy choice. You sound to me like it's only work that it is giving you purpose and satisfaction. Got any hobbies / friends outside work? Visited other places by bike and enjoyed the travel? There is so much more to do, and it doesn't even cost money per see. It is all up to you what you do with your free time!
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Counter arguments are rooted on fear and of not understanding free markets properly! Imagine farmers being replaced by robots. Does this prevent a current farmer unable to change a line of work from going on, on a smaller then before scale to feed himself? Not in a free market, all he will be doing is become less efficient and have less luxury then competing automated farms. The real obstacle is the power that limits to do what you want to adapt. For example trough taxation and/or regulation.
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Nice speech, it won't change anything however.
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Peter totally destroys this "intellectual". At the end it is really funny...."there is no such thing as good jobs and bad jobs".... LOL Let's all draw pictures all day and call it work. It would solve all our problems...as everyone dies from starvation. Does this professor even have a brain or anything remotely similar? Kids, if you are getting classes from this man...do me a favor, throw him out a window...and make to drop a ton of rocks after him to guarantee success and save America!
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And I hope your voice gets back soon.
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What the last speaker looses sight off when he tries to rebuff Mr. Schiff is that special appropriation AFTER a disaster would be LOWER if less people build in areas at risk of disasters. They try to decide top-down what they think is good for everyone and come up with childish simplistic views that way, like that is is EVERYONES dream to own a house. It's so presumptions that it is sickening. It is a violation to the rights and integrity of individual freedom, which is criminal.
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@Ralphdraw3 Based on what do you draw this conclusion? Lower taxes due to less gov. spending? Reagan, nor bush did lower spending!
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@ronaldvanbell For any measure to have real meaning, you need to exclude government spending. And realize, if 70% of GDP is service sector, where do all the consumable good come from? And where the money to pay for them? If a country runs an eternal trade deficit, then most likely it comes from its main trading partners. In this case China and Japan. Every trade deficit must in a way be borrowed elsewhere or shrunk trough inflation (in the later case the US citizens pay for it too as a tax)
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-4 for criticizing a misplaced joke at the end of the clip...what is wrong with people?
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Class on pointing out to people that doing wrong to someone for no reason other then to get a result that you want is immoral. And always remember that it works both ways!
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We really are not there yet as we can't and probably will never automate all things. It would be too painful to evolve our way to the extend we our self are obsolete! It would mean we have to create intelligence larger then our own, very dangerous! That said, we already have a resource based economy, since the day the 1st man walked the earth! Your share of the resources today is represented by your purchasing power and you can get more by working to supply the needs and wants of others!
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@Ralphdraw3 Schiff has written about abolishing whole departments from the federal government. So while true that republicans, just as democrats never shrunk government in the past 70 years, it is not an argument you can use against Peter Schiff and his ideas. His ideas are quite different from the republicans as you have come to know. You can even argue that the republicans are not even true republicans and simply hijacked the party as they act nothing like their roots.
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A little on tax-cuts: *** They are not all the same *** Given the same expenses from government and same income of people, the ones that do get a tax cut (on whatever basis) , contribute proportionally less. And the ones that do not get the tax-cut contribute proportionally more. This is falsifying competition and if it were two companies, the one with the cuts would be able to produce for less and beat the competition easily. High taxes are bad...but also look at who don't get the tax-cut!
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@sharinganclan213 If only this was just in the USA. Fairness/reward in match with productivity is not what we as humans tend to gravitate to. We like easy ways out, in fact if we get away with it, it is seen as proof that it works. And when finally things do go wrong, we blame others! This make us very easy to be manipulated by politicians and religions (we are the chosen ones, etc, as justification for easy ways out). And as long as most people are this way, the rest has no choice!
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So it is indeed backed by nothing you just said yourself. The US military is heavily strained by two small conflicts and even then it depends on the rest of the world financing it to operate and still ruins the country financially. Doesn't sound much like a safe place to end up in, now does it? When the world stops financing wars against themselves, the only people in hurt will be the US citizens.
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@Kimmyob You are outright lying on all accounts. There need to be 150.000 job created every month (net) just to break even in the number of people without work! Are you telling me that on average ever month has seen more then net 150.000 new jobs? In what alternate universe? GDP growing = government spending increase and dollar devaluation. In other words more dept and more inflation. Interest rates wend up from 2.6x to 3.3x from October till begin December. Where do you think that ends?
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Peter, know that I respect your economic insights very much. But arguing as many recently do that there is no global warming on the basis of a cold winter is just plain silly. If the *average* temperature rises, that does not mean there will not be cold years. Where I live we used to ice skate almost every year, now even with this winter it is not thick enough in most places. Stick to the things you really do know a lot about and leave conservative trash talk out, it is unproductive.
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Besides my last comment, does everyone noticed slow speaking and sometimes incomprehensible these people are? If these were people being medically diagnosed they would be classified as mentally impaired by either mental disease or heavy drug abuse.
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@jabberdujour And you got exactly nothing to substantiate this rant, do you? Handing out other peoples money is not all of a sudden give the right incentives and create jobs. It is a destructive process that motivates people to act uneconomical in ways they would otherwise never do out of self interest. If anything this process burdens the same people way more then it his the likes of Peter Schiff...but you think its all wonderful. A case of Stockholm syndrome maybe?
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@unemployedhr4213 In the end all living standards are derived from productive work, not arbitrary spending. Look up on older video's on this topic and you will see Schiff was one loud voice that was against bailouts from the get go, he even warned about them before the fact. You realize top positions in the fed government are always taken in by ex-employees of the great wall street banks? You really think these are private...I know the profits are, but the losses will always be socialized!
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@TheEVEInspiration /watch?v=Cki4jHCK3_I In this video GDP is discussed at 33:30, it will better word it then I can.
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@MrJesseJClark So it's extortion trough the threat of violence...people will give your position so much more sympathy now! Lets send all unemployed to Pakistan and Iran and fight there. You will do that right, since its so good for the economy as unemployedhr4213 repeatedly voices. Did it ever occur that we live in a dynamic world, where prices (including those for work) need to fluctuate and adjust to new realities for things to go smooth? How does unemployment benefits fit into this world?
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