The world has realized that after years of lending Americans the money to buy the goods they produce, the money to repay those obligations has all been squandered and nothing is left. The credit crisis that began in the summer of 2007 has occurred primarily because foreigners are now refusing to invest in American debt.
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I recently came across this fantastic discussion with Peter Schiff from 2002. He accurately describes the economic conditions at the time and how he planned to profit from them. His commentary has proven to be remarkably prescient in light of the current state of the global economy.
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fas·cism [fash-iz-uhm]
-noun
1. A governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often racism.
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What follows is a series of interviews involving Peter Schiff, President of Euro Pacific Capital and the author of a book called “Crash Proof: How to profit from the coming economic collapse” in which he describes a terrible crash scenario for 2008 and beyond. They are sorted with the oldest first so you can see his predictions gradually coming to fruition in front of your eyes. His prediction for the real estate market is found in the last (most recent) video.
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In the process of trying to convert a socialist friend to support the principles of freedom, she remarked, “ya, you’re not radical”. I didn’t really know what to make of that statement, so I asked if she was being sarcastic. Of course she was. My instinctive reaction was to become somewhat defensive and disagree. The conversation had to be cut short for an unrelated reason, but if it had continued I surely would have tried to convince her that supporting freedom and the sovereignty of nations is not radical. To the contrary, supporting massive taxation for the benefit of corporate parasites and global hegemony is quite radical.
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I don’t know what to make of this ridiculous article from the Guardian. Are we really supposed to believe the Saudi government will make a decision of such magnitude just to stick-it to Bin Laden? Are they making their policy decisions simply by opposing the recordings of an invisible man from a mythical cave far far away?
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I had a conversation today with a very bright individual just about to complete his PHD in computer science — he has inspired me to ask this important question. I was quite surprised to hear him describe his philosophical opposition to private funding for research. I couldn’t believe it. Ever? Is this common?
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It shouldn’t come as a surprise to anyone that successful parents are more likely to raise successful children, but rarely do socialists look for any reason to explain this correlation outside the conventional market bashing anti-capitalist rhetoric.
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American military spending far exceeds the total of every other nation on earth combined. Does any country really need to be concerned that every nation on earth will attack in a mass coordinated strike? Does this monstrous budget actually make anyone safer?
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For the uninitiated, UFC stands for Ultimate Fighting Championship, technically the sport is called mixed martial arts or simply MMA. Years ago it was criticized for being what some considered human cock fighting — there were no weight classes, no rounds and no rules. Competitors got in the octagon shaped cage and fought until one fighter either quit or stopped fighting back. The sport was banned in many states.
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