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 Quotes by Peter Schiff “At some point, the dollar has to give. You can’t just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.” Peter Schiff “What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.” “Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you’ll always be able to buy more food with your gold.” “People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it.” “When the dollar collapses, it’s not doing it in a vacuum. If the dollar loses value, it’s doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.” “The government can’t create jobs; they’ll destroy jobs trying to do it. The government doesn’t have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy.” “I don’t want the technology of the 1950s, but I want the free market of the 1950s.” |
These are the links to the stories covered on the RLM News Show – September 26, 2013
- Peter Schiff Was Right Part Deux: The “Taper” Edition | A Lightning War for Liberty
- Central banks have checked into Hotel California – Matthew Lynn’s London Eye – MarketWatch
- Bond king Bill Gross doesn’t trust Moody’s for U.S. credit rating – The Tell – MarketWatch
- Boehner Says House Will Not Accept “Clean” Funding Bill From The Senate | Zero Hedge
- Jim Willie: Flash Trading Hits USTreasury Bonds | SilverDoctors.com
- U.S. 5 Year Silver Market Investigation Ends – No LIBOR Style Manipulation | Zero Hedge
- Deja Deja Deja Vu Gold Smackdown | Zero Hedge
- The Fed’s ‘hidden agenda’ behind money-printing
- U.S. Running Out of Cash More Quickly | WHAT REALLY HAPPENED
- 20 Ordinary Americans Talk About The Economic Despair That Is Growing Like A Cancer All Around Them
- McGrath: “If You Think the Crisis of 2008 is Over, Then You’re Falling Right Into the Game Plan”
- Feds Steal $35K From Small Grocer’s Bank Account Despite Finding “No Violations” To Justify the Grab – Hit & Run : Reason.com
- Prison Planet.com » TSA To Roll Out “Covert Surveillance” Vans
- Secret 3G Radio in Every Intel vPro CPU Could Steal Your Ideas at Any Time – BlackListedNews.com
- Intel rejection of Ubuntu’s Mir patch forces Canonical to go own way | Ars Technica
- Canada Forcing Wounded Vets To Sign Agreement Not To Criticize The Military On Social Media | Techdirt
- Texas Attorney General: Legal Action Could Follow Arms Treaty Approval – Liberty Crier
- The New Boogieman: ‘Military Grade’ Weapons – Liberty Crier
- Activist Post: Ohio State Gets Armored Fighting Vehicle: “Specifically Designed for Asymmetric Warfare”
- Activist Post: Do the Feds Have Plans For October 1st?
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Peter Schiff Was Right – ‘Taper’ Edition
When Ben Bernanke announced that the Federal Reserve’s Open Market Committee was going to continue its monetary expansion program it calls Quantitative Easing, almost everyone in the financial media was taken by complete surprise. According to the mainstream media, the non-taper “surprised almost everyone out there.” Well it did not surprise me, nor anyone who had been paying attention to what I had been saying. As I said repeatedly over the past several months, the Fed knows that the appearance of economic health would evaporate if its stimulus were withdrawn, or even diminished. The Fed understands, as the market seems not to, that the current “recovery” could not survive without the continuation of massive monetary stimulus. In fact, the Fed’s next big move will likely be to increase, rather than taper, its monthly QE dosage! One reporter on this video said that its time for the Fed to take the training wheels off the economy. As I have been saying for years, QE is not the training wheels, its the only wheels the economy has. Take it away and the economy stalls. However, as the economy is now headed toward a cliff, taking the wheels off is much better than leaving them on and going over that cliff.
Links to other Important Stories I didn’t have time to cover on the show
- Call for bag searches to beat shops terror threat | The Times
- Are Governments Getting Trigger-Happy with the Internet Kill Switch? | Motherboard
- Victory: Senate to Kill Monsanto Protection Act Amid Outrage
- Bipartisan Group Led By Wyden And Udall Introduce Legislation Aimed At Comprehensive Reform Of Surveillance Programs | Techdirt
- Hornet attacks kill dozens in China | World news | theguardian.com
- 15% in US shun Internet; most intend to stay offline – FRANCE 24
- Experts Eye IPCC Reform as Report Nears Release | Climate Central (Bullshit)
- Leading climate change scientist bashes ‘irrational’ skeptics | The Raw Story
- Aaron Alexis, Navy Yard Shooter, Left Note Saying Radio Waves Made Him Kill
- ALL Charges Dropped Against Dad Who Was Arrested After Speaking Out Against Common Core at Public Meeting | Video | TheBlaze.com
- Twitter launches emergency alerts – Yahoo News
- Concerns in Pakistan that USAID Officials Are CIA Spies — News from Antiwar.com
Financial Betrayal – Collapse Assured #n3
Charlie McGrath talks about the on-going financial collapse
Rep. Peter King of Islamophobia: Shocking Remarks on Al Shabaab Terrorism | Heroes and Villains
Abby Martin calls our Rep. Peter King, for grouping all Somali-Americans with Al-Shabaab militants, and calling to racially profile Muslim-Americans yet again.
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