S&P AA+ rating on US Sovereign Debt not Low Enough — Peter Schiff
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
Video Rating: 4 / 5
Ive never? seen a guy get it so wrong in a single video. He may be correct in the past .. but you people better understand that saying “Past performance do not guarantee future performance”
@shitaye12 STFU? noob.
who believes Standard? & Poor’s? ? they work for Goldman Sachs !
what an idiot. S&P downgraded bonds and yields are at historically low levels. This guy is such a? twat.
@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?
@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.
@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.
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
@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.
@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.
@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.
@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
@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.
@dachickenman? he wouldn’t want to lower himself.
@elbuggo ROFLMAO!! Just start prepping brother, for your own safety.?
@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.
@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!
@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?
@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.