Peter Schiff of Euro Pacific Capital appears on Fox and Friends April 1, 2009.
The reality is that President Obama is actually in Europe hat-in-hand trying to convince the world to keep lending America money so we don’t have to print quite as much. Hopefully the world will have the good sense to stop lending us money.
As above so below. From the top down, America is a glutton for credit. Spending money we didn’t have got us into this mess, and the plan as it stands nowÂ is to spend more money to get us out of this mess? Does this sound counterproductive to anyone else, or is it just me?
Schiff throws out a crazy idea regarding taxes:
Why not just abolish it completely? How about a flat-tax of zero. Why don’t we shrink government and have a much smaller national tax. It’s far less destructive to our economy and people don’t have to surrender their individual rights to privacy in order to comply with tax law?
But then we’d have to cut billions in pork barrel spending andÂ eliminate welfare distribution programs. How will democrats and republicans buy constituent votes if they can’t hand out free government money?
I love the concept of a fair-tax on consumption. But unfortunately, I don’t see this every happening in America.
Watch Peter Schiff on Fox & Friends April 1, 2009:
Mac Slavo Views:
Read by 119 people Date: April 2nd, 2009 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.