S&P AA+ rating on US Sovereign Debt not Low Enough — Peter Schiff

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Schiff Report Video Blog Aug 6th 2011 On Friday evening Aug 5th Standard & Poor’s downgraded US sovereign debt from AAA to AA+ with a negative outlook. By raising the debt ceiling Congress and Obama had hoped to avoid a downgrade. Ironically it was their very actions that caused the downgrade to happen. Link to Mortgage Bankers Video www.youtube.com


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  • wrtbupoh2t491

    elections are won by the support of money.
    it’s not people that make the world go round and elections aren’t won
    because of the support of people,
    gather all the voters you can but if amongst yourselves you don’t have
    the money to push a candidate- than you don’t have the voice and you
    don’t have representation.
    don’t fool yourselves by keeping to kindergarten fables that governments
    represent people- they represent money.

  • shitaye12

    what an idiot. S&P downgraded bonds and yields are at historically low levels. This guy is such a twat.

  • itachi705

    @dagreatest83 LOL You morons don’t understand that these corporations just pass on the cost to consumers. You’re talking about raising taxes on small businesses in your short sighted effort to tax those who are basically untaxable. Soon they will relocate all operations overseas. What will you do then? Drag them back here and demand they work to produce wealth you consume?

  • itachi705

    @ObamaComma Uh, England is in free fall, Germany and France aren’t far behind while Norway is sitting on natural resources that won’t sustain it anymore when they run out. They are right behind Greece. Also, products and services cost much more in those countries than in the U.S. Due to these higher prices, the standard of living is falling dramatically. The funny thing is they aren’t even that socialist, and yet these policies are destroying them.

  • gradiu3rox

    @ObamaComma Don’t understand history? Athens? Rome?

    Well, then all I can say is, wait and see. I think that I will owe you an “I told you so” in just a few years, sometime around QE 7 or 8.

  • Stevie68000

    Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & America —- Jew

    1. Goldman Sachs CEO, Lyold Blankfein - Jew

    2. IMF Deputy CEO, John Lisky - Jew

    3. Ex IMF CEO, Dominic Strauss - Jew

    4. World Bank CEO, Robert Zoellick - Jew

    5. Ex World Bank CEO, James Woolfesen - Jew

    6. Fed Chairman, Ben Bernanke - Jew

    7. Ex Fed Chairman, Alan Greenspan - Jew

    8. Obama Treasury Secretary, Timothy Geithner - Jew

    9. George Bush Treasury Secretary, Hank Paulson - Jew

  • dagreatest83

    @itachi705 Actually US Corp tax rate is only 15%. Besides most of these “Corps” haven’t paid taxes since 2004. Did you ever look at the 10-K, Google, Apple, GE etc are stashing money overseas, and will get the next tax holiday. FYI the last one was in 2004. They will make the same old promise again, “We will use it to create jobs”. We need to tax the wealthy. Kill bush tax cuts, even Warren Buffet and Bill Gates agree.

  • ObamaComma

    @gradiu3rox - Yes, those are interesting statistics. Cuba, UAE, and a few other socially bankrupt societies make the top of your “ideal” list. Why don’t you ask yourself why they have “no prisoners”. As far as the “end of the western world”, I hate to disappoint you but that will not be happening any time soon. You do not understand history very well if you are thinking like that.

  • ObamaComma

    @gradiu3rox - Consent means they must be “elected”. It is not surprising that you do not understand democracy, and it’s existence in history in direct proportion to the success and peacefulness of societies. Consent of the governed (via elections) is the only form of government which uses opinion rather than violence to conduct “revolution”. “Revolutions” occur at election cycles on a routine basis in Democracies. I have been to the Jefferson Memorial, danced & took some pictures.

  • gradiu3rox

    @ObamaComma and, if you’ve never heard of democracide, look it up. What country has more prisoners per capita? America or China. look that up too. then go and try to live freely. go dance in the jefferson memorial and see if you don’t get choke slammed. This is not freedom. Democracy is possibly the worst kind of government, because it is the most deceptive so far. Giving a small group of people (gov) a monopoly on the use of force is a horrible idea. end violence, end the state

  • gradiu3rox

    @ObamaComma sorry for the tardy reply.

    just a few facts.
    you cannot give consent before you are born. anyone born in a country becomes the property of that country whether they like it or not. That is not consensual. I never agreed to be American and have various rules and taxes imposed upon me.

    If you think that a democracy is any more sustainable than another system, I don’t think you are seeing what is happening in the Western World. It’s coming to an end in our lifetimes.

  • Esoparagon

    @dachickenman he wouldn’t want to lower himself.

  • Markitos203

    @elbuggo ROFLMAO!! Just start prepping brother, for your own safety.

  • ObamaComma

    @gradiu3rox - Education and Employment are two things I do not consider ‘a waste”. Not only is America not done as a “democracy”, democracy is the only sustainable form of Government. All other forms eventually fail, and regress to variations of democratic process, and depend on either violence or deception to exist, rather than “the consent of the governed”. The Republican party, and the Democratic party are two American institutions, but can be run by the wrong people in the wrong direction.

  • gradiu3rox

    @ObamaComma you wasted 30 years of your life, don’t waste any more. live your life, don’t vote, and be free. no amount of violence is going to set things strait. America is done as a democracy. Choose freedom and be happy!

  • zLOSTNOMOREz

    @ObamaComma So it’s anti-American not to raise the debt ceiling or raise taxes in order to pay for an out of control government?

  • ObamaComma

    @itachi705 - PS. China has a lower corporate tax rate than the U.S. too, their still a communist country. That is not what “socialism”, “communism” and “capitalism” are defined by. Tax rates are highest in developed countries, because their standard of living is higher, and vica versa. Spain and Italy were/are both fascist counties, and have the lowest tax rates in Europe. They also have the worst economies. England, France, Norway and Germany are socialist. They have the best economies.

  • ObamaComma

    @itachi705 - The machinery running the Republican party right now are anti-American, pro-fascist elements, which were absorbed after Operation paperclip. Rush Limbaugh is as a Republican Military Vet correctly identified him on air, “a brainwashed Nazi”. That is not an insult, that is an actual observation of the man’s real political orientation. They destroyed the American Republican party. The “Tea Party”, is a facade for the same people that put Bush into office, and still run the GOP.

  • ObamaComma

    @itachi705 - Having been a Reagan Republican for 30 years and worked on local elections, senator races and governor races for the Republican party, sat through seminars from American Heritage, and Eagle Forum, the term “Reich-wing” is a real political distinction from “Right-wing”. “Reich-wing” is fascist ideology that infiltrated the Republican party after WW2 due to Prescott Bush, and the Bush family’s pro-Nazi vision for America. They are not real American Republicans.(cont)

  • juicejon1

    MAKE THIS VIRAL GUYS AND DO YOUR PART FOR LIBERTY AND FOR FREEDOM!! SHOW THE BANKSTERS THAT YOU HAVE HAD ENOUGH OF THEIR ADVERTISED PUPPET POLITICIANS WHO READ OFF TALKING CARDS AND TELEPROMPTERS AND FLIP FLOP VIEWS TO GAIN SUPPORTERS AND WE WANT MEDIA COVERAGE OF THE CANDIDATES WE THE PEOPLE ARE INTERESTED IN NOT WHO THEY CHOOSE! SPREAD RON PAUL VIDEOS TO EVERYONE YOU KNOW AND WIN YOUR FREEDOM FROM THE FINANCIAL TERRORISTS WHO HAVE DONE NOTHING BUT ROB US TAXPAYERS FOR YEARS!!! RON PAUL 2012!!!

  • itachi705

    @ObamaComma That you are so far radical left as to use such a ridiculous term “reich winger” and given that you even have “Obama” in your username, I don’t think you’re worth listening to all that much.

  • itachi705

    @ObamaComma LOL They are less “socialist” than the U.S. since many of these countries have a lower corporate income tax and are ranked higher in free trade, etc. by EFI. They have a welfare state, but this is not the same thing as socialism. And now that their welfare state that was in large part subsidized by the U.S. taxpayer after WWII is in free fall, we can see even that can’t be sustained.

  • eliasmouawad

    Why Ron Paul is a good candidate
    Search For
    “BUSH OBAMA DESTROYED US ARMY”

  • dukee155

    When is he making a new blog.

  • Stevie68000

    Enemy of Greece, Ireland, Italy, Spain, Portugal, Europe, & America —- Jew

    1. Goldman Sachs CEO, Lyold Blankfein is Jew

    2. IMF Deputy CEO, John Lisky is Jew

    3. Ex IMF CEO, Dominic Strauss is Jew

    4. World Bank CEO, Robert Zoellick is Jew

    5. Ex World Bank CEO, James Woolfesen is Jew

    6. Fed Chairman, Ben Bernanke is Jew

    7. Ex Fed Chairman, Alan Greenspan is Jew

    8. Obama Treasury Secretary, Timothy Geithner is Jew

    9. George Bush Treasury Secretary, Hank Paulson is Jew

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