Peter Schiff on Fox Business Talking About END THE FED!

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Comment by Micaiah2004 on July 28, 2009 at 10:26pm

Peter Schiff is considering running for U.S. Senate from Connecticut
He would be a staunch conservative with a solid understanding of Economics, Monetary Economics, Finance, Investments, and Business....something totally lacking with the demonrats like Marxist Waters, Barney Lisp Frank, Hairy Airy Reid, Nazi Piglosi, barry soetoro hussein Nobama, barbwire boxer, hitlery rotten clinton, et al.

Comment by Landon Tesar on April 28, 2009 at 8:54pm

so much truth, clarity, and responsibility. thanks Peter. It's that simple.

Comment by Clarence Shaw on April 28, 2009 at 8:16am

The gold standard should be reinstated ASAP. The National Economic Security and Reformation Act (NESARA) should be announced and put into action. Google NESARA to find out what it is all about. We all need to get behind this and make it happen.

Comment by david rempel on April 27, 2009 at 8:49pm

The four reasons why the Fed must go! 1) It is enslaving us. The Fed creates money out of nothing, yet we are expected to pay it back with interest! We must work to earn that money, so we must work for someone else's benefit. How can we consider ourselves free if we have to work half the year to pay our taxes? 2) The Fed is inflationary, and inflation is both a regressive tax and theft.. Continually increasing the supply of notes results in more "dollars" chasing the same goods, so the nominal (not relative) price of those goods goes up. This means that money saved loses value. Who can know how much inflation will steal from their retirement funds? 3) The Fed destroys our political system. A politician naturally wants to be popular, and the easiest way of being popular is to spend money on the electorate. Spending money requires raising taxes, which the electorate dislikes. So the politician can not spend the electorate's money without asking their permission to tax them. Thus the electorate control their taxation. With the Fed, the politicians just add the cost of any project to the National Debt, bypassing a specific taxation. They don't ask our permission to raise taxes, or to put us deeper in debt, or to increase the rate of inflation. 4) The Fed was formed to prevent booms and busts in the economy. They have failed.