Ready for the Worldwide Burst? Peter Schiff’s Riff on the Bigger & Bigger Bubbles

We recently posted three critical minutes of this presentation. A friend then pointed me to the entire shebang. Here it is. It is a massive dosage of uncommon economic sense, but being sense, it’s pretty basic. And, Schiff is kind enough to beat the listener over the head again and again with humorous anecdotes, in his attempt to confer the sanity.


Video, “Why the Meltdown Should Have Surprised No One | Peter Schiff

The caption at YouTube by, misesmedia reads: “The 2009 Henry Hazlitt Memorial Lecture, presented by Peter Schiff. Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute, 13 March 2009.”

The formidable Mr. Schiff is a true economic master and an excellent communicator. Alas, what he fails to comprehend, or perhaps merely keeps to himself, is the intentional sabotage in the system, wrought by those who see the whole world as their means for ROI (return on investment).

A disclaimer: I am not a fan of Austrian School economics and not just because it is foreign, though there lays a clue. Technically, it may present a fine means of measuring an economy, but philosophically, it is globalist.

In a free market way, therefore, it is a sure way to build an economy built for global calamity. Yet, it may not be an economic method as bound for global collapse as that which we are about to experience, due in part, to the more insane philosophy of pederast, John Maynard Keyenes. Are you ready for the global financial collapse and ensuing mutually assured economic destruction? Got it MAED?

And after (or in our real-world case, also during) the collapse come the attempts to control. Remember prior Gulag Bound articles on the Sorosian INET and the just about as neo-Marxist IMF Bankster Spring planning meetings of 2011. Preparations are being made for global control, or provision would not be made for global sabotage. For further reading about that, see “The Failed State Strategy for ‘Progressive’ America.”

Adam Smith, where are you? Whatever happened to the principle of discrete national governments governing “the wealth of (their own blessed) nations?” Nations need to be nations. Then, while companies are nationally held accountable, there may be benign international economic intercourse. The path were are on leads to all nations becoming colonies and the global, elitist kleptocrats both milking and bleeding us all, in a tyranny the economy of which could be called The New Merchantilism.

As the session proceeds, Schiff discusses banking regulations. Please Father God in Heaven, let us have a new, constitutional system of monetary policy, with Smithian, nationally governed containment of banking and business! – at least in America, please.

This present international economic incontinence has to stop. It’s just too early for the beast.

Video, “Steve Taylor – Cash Cow

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