Comments by "" (@tekannon7803) on "Economist Blasts The Fed, Stimulus, Bitcoin u0026 Makes Bold Predictions" video.

  1. Dear Mr Bet-David and Mr Schiff, This is an excellent interview. There are so many things to take away, I'll need a few comments to put them all down. I don’t know if it’s just taking time to sink in, but once again on Mr Bet-David’s videocast and his way of getting his guests to spill the beans, I get it. I finally get Peter’s message and his expertise and he deserves a lot of credit for getting so many sound bites lined up in row to do their number our brains, and open our eyes. All this time I thought it was capitalism which was the culprit, now only to learn it’s really been too much government. I see the FED'S mistake. He has made it clear why when government comes in to help, something in the system breaks down and only the fat cats walk away with deep pockets. I can’t tell you how happy I am to have this ‘dismal science’ suddenly start to make sense. The really bad part of it is though, is that Mr Schiff has unfortunately also made us realize that there is no more road left for the FED to kick the can down, and that translates to the biggest crash imaginable is looking at us right square in the eyes. The other reality bombshell we all have to acknowledge is that Peter Schiff may be right on how to recalibrate the machine, but realistically, no one is going to follow his wise counsel. Why won’t they follow his advice? Because a major ‘tipping point’ has been reached in that people have become addicted to big government. The people want a strong man approach, because it looks like they get something for nothing. A second major ‘tipping point’ has been reached in that people are not willing to trust any politician who professes higher taxes and hard work. People now believe to better themselves is to play the system for all they can get and, again, because they see that by doing less, it’s the best. I think the only solution is for a new economic system and for the global community to start from scratch. No one is going to go back to Capitalism 101.
    1