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

  1. Lol the end was painfully detailed of the obvious
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  2. Incentives are so key
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  3. cause Paul's entire belief system is so removed from reality and common sense that Peter will be frustrated to no end?
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  4. if Bernanke didn't start massive QE, prices may have fallen to the point where it's affordable for the poor. you talk as if deflation after printing is a bad thing. It's the due price. By printing and distorting the interest rates to be lower, you've consumed future goods for the present. You will have less in the future. Interest rate is the relationship between prices of the future and now.
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  5. in a monetary climate without FED distortions, interest rates are reflections of capital. When there is a lot of savings (supply of loanable funds), interests go down, signaling that funds can be used for the present. In terms of real substances, this means society has been productive and has stored away goods (money is a reflection of goods; what a radical notion), so people can afford to forego consumption now in exchange for more later.
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  6. Borrowing to pay off debt, and borrowing more to pay off that debt does not help anything. You need to not have borrowed more to begin with, and you need to take the hit early on. If you do, the pain will be small, and you can get back on course. Printing to prevent deflation is not going to solve the problem. It's only going to cause a larger crash. Go beyond a certain point, and you will cause stagflation. If you accept deflation early on as payment for printing, you can cut your losses.
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  7. When we are short on goods/money, people want them now, and don't have surpluses to lend. This means if someone wants to borrow goods now, they are trying to use someone else's precious milk,wood,(etc/money), and the interest rates rise It's all logical, and self-regulating. Anyone who would disagree either lacks insight or is one who wants to skew the system to their advantage. Few get to control and influence it. But every extra guy who believes is one extra who won't notice their theft.
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  8. No law requires you to pay income tax, yet they enforce itm So does this mean you just have to go through court when they inevitably come for you if you don't pay taxes? And if you try to fight it, will you pretty much lose? And does that mean the income tax is upheld by the courts even when there is no law for it? So that means it's all held up as a social agreement rather than by any law? What about the 16th amendment, does that not count as a law?
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  9. where do you see any deflation? inflation slowing down a bit is not deflation. that's like Obama saying he cut the debt by 2 trillion because he raised the debt by 6 trillion instead of 8 trillion. ignore the noise and look at the larger trend. Deflation would solve everything. The earlier and it is, the smaller it is. Once that is done, you return to a stable economy. Keep delaying the deflation that SHOULD happen because they printed in the first place, and you will get a tidal wave back.
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