Peter Schiff: More US gov debt and spending! Crazy!

[hockbeng]

How can any nation spend their way out of a recession/depression over the long term?

What kind of economics did they sudy?


http://www.europac.net/videoblog.asp?a=watch

 

[Einfield]

Simple economy principle, to bloody big to fail.
Iceland can't do it because they are not big enough.

The US of A? They can print more money and go into another trillion of debt and there's nothing the world can do about it, they are just too big to fail, their failure will bring everyone down, including the rising start China.

How can any nation spend their way out of a recession/depression over the long term?

What kind of economics did they sudy?


http://www.europac.net/videoblog.asp?a=watch

 

[longbow]

Fiscal spending ios exactly what is needed. With no one consuming, the Government is spender of last resort. If they stopped spending, US and world would sink into depression and it will end up costing even more.

At the very least they should spend big time for the next 2 years and hope that economy starts back up. No doubt long term is NOT sustainable but for a short term it is fine.

How can any nation spend their way out of a recession/depression over the long term?

What kind of economics did they sudy?


http://www.europac.net/videoblog.asp?a=watch

 

[Romagnum]

peter schiff miss the big retracement since march

nearly 100% in bric and 50% in us

one day he will be right, but in the meantime miss the big move