Pertaining to Krugmans article.

Paragraph 1, "I create nothing, I own". If you are laborer and you earn a wage all the wages you don't use you save. So you take your savings and invest it in capital. Wealth used to make more wealth. Thus "to own" is to create something, you are creating capital.

Paragraph 1, “Now you’re not naïve enough to think we’re living in a democracy, are you, buddy?” With a gold standard we are suppose to be living in a republic. Democracy is not good it allows the majority to take from the minority. The teachers unions to take from the factory worker and steal grandmas savings.

Paragraph 2, So why doesn't Obama fix the SEC? The reality is Obama can put any regulators he wants in. Instead he fills these positions with lackies and Goldman Sacs employees.

Who gave Bain the money to buy these companies out, the banks. Futhermore the SEC can put a rule in to prevent leverage buyouts., but Obama won't do it. End the Fed and require full reserve banking will end this nonsense. Furthermore, the corporate charter can be modified to prevent firms from buying out other firms. As is the companies agreed by choice to allow them to be bought out. If the employees saved and bought enough stock there never would be any buyouts. But they don't they go into debt and buy their toys.

Once another firm owns a company it is their freedom to do whatever they want with it. It is their firm like their house or their car to a worker. The best way to make value with a firm is to make product and sell that product. The idea they are going to dismantle it and sell it is usually absurd.

Romney made his money by buying companies. Reminds me of the government buying GM. The company is not responsible for jobs. However, all by their nature offer jobs to the public.

More business more jobs. Less taxes on businesses more capital more jobs, more vacation, higher standard of living, shorter work week, and early retirement.

Reminded me of: http://rationalwiki.org/wiki/Poe's_Law

I don't think he's joking when he says that a fake alien invasion would help our economy, but lol at the idea that he actually thinks the government should do such a thing.

If you really think directing capital to unproductive sectors of the economy, such as war, instead of spending it on something with a positive ROI then you are completely wrong. The misdirection of capital, by debt spending, removes capital which would have otherwise gone to genuine needs in the future to fund current needs which would not exist. It is true that spending on war/military is productive when you need the military to you, but the economy as a whole (as a function of the planet) still suffers. The concept that the New Deal or WW2 did anything to get us out of the depression have been discredited. I will look for sources if needed.

Thanks non-sequitor man.

I was laughing at the fact that Schiff thinks Krugman actually thinks we should prepare for a fake alien invasion. Krugman is clearly being tongue-in-cheek, but Schiff thinks he is being serious.

EDIT: Am I the only one who thinks that AC and AE people just interpret everything anyone posts they way they want to interpret it? Am I really being so unclear in my last post? I thought it was pretty to the point but was somehow massively misinterpreted.

A) I read your post as you intended.

B) plenty of people on the other side do this as well.

Peter Schiff is either mentally ill or pretending to be incredibly dumb to scam people. It's kinda sad.

My money is on the former.

Peter Schiff is right on.

Peter Schiff is running the same scam as his Dad, he just learned to stay out of prison.

cite

Cite what? Peter Schiff plays on certain elements(anti-governmment, anti-intellectual, conspiratorial, etc.) of the American political landscape, tells them exactly what they want to hear, intentionally distorts quotes and history to play to the same paranoid style, and makes his money off that.

It's sad because there might be impressionable people making life decisions based on his rhetoric.

These things you write are funny when you think about Paul Krugman suggesting fake alien invasions would be good for the economy and he surely makes money off of that.

Citations these things you write are not, yeeeees.

Wherever there are ideologically indoctrinated nuts there's money to be made. Schiff is a salesman and found his market, but I wouldn't be surprised if he actually believes the stuff he spouts. I think he does.

I still don't know what you want me to cite?

If you cared, it's obvious that Paul Krugman was commenting on the political climate. Like, he was lamenting that current administrations are not willing to engage in expansionary fiscal policy.

Well, you suggested Peter Schiff's father was put in prison for scamming people, there's one citation, and you suggested Peter is doing the same thing but is better at avoiding jail, that may not be something to cite but certainly you could provide some evidence other than your opinion.

just bury some paper, that will make us richer. seems realistic

No no no you've got it all wrong, and you may cause people to misunderstand.

Bury some paper and then dig it up.

If you're gonna make criticisms try to get it right ffs.

http://en.wikipedia.org/wiki/Irwin_Schiff

Instead of selling books about how you don't need to pay taxes, Peter sells financial advice books and has a show exploiting the same group of people without violating the law.

He didn't go to jail for scamming people, he went to jail for tax evasion. He sounds like a pretty great guy to me, and someone who was screwed over by the government.

And this is some major ****ing bull****.

Do you understand there are people who also thought Irvwin Schiff was a great guy, and they followed his advice about taxes, and they have like felony convictions now? Because he was lying to them. He knew his tax advice was bull****. He sold the books anyway.

LOL I just saw the father got scammed by a Ponzi scheme himself when he was an investment advisor. Reverse karma.

I suggest you listen to Peter Schiff for a month before you make that comment. Everything he says is to provide hope to the poor working man. He even has a web site to protect people from being scammed from gold as advertised on the Randi Rhodes show. However, if you are government employee or a union member you are not going to like Schiff for obvious reasons. He does not want to see you steal from the working man and give to the union, so they can buy the working mans products for free.

At least address how that is different from mining and hoarding gold instead of just glossing over it.

You are requesting a level of analysis beyond "LOL Keynes". Blood from a turnip ldo.

I have been a client of Europac since 2005. In that time I have been advised to buy oil at 55.00,corn at 4.00,gold at 900.00,silver at 17.00,Philip Morris at 45.00 and the list goes on. I was also advised to get out of real estate in 06,short GM and many financial companies and banks in 07.

The last couple years their stock recommendations haven't been great but their commodity advice has been sound. In the six years I've been dealing with his company the bottom line is alot of profit. The guy is right way way more than he is wrong. This is a scammer in your book?

Results oriented thinking on a poker site. Whoddathunk?