"If the government did nothing, it [the financial crisis] would still be very bad. But it won't be as apocalyptic as it's going to be because of
what they're doing," Says Peter Schiff
in an exclusive ATS
MIX podcast interview
"I think ultimately the rest of the world is going to benefit from the collapse of the U.S. economy," He continues. "Once you understand that the
world has been subsidizing our economy for years... Americans have been simply living off the fruits of everyone else's labor... and the rest of
the world has had to live below their means, so that we could live beyond ours
. I think as this crisis unfolds, to the extent that the world wakes
up from this, and decides not to lend us money any more... then I think the global economy will have a real boom."
Dave Rabbit and Johnny Anonymous interview international financial sensation Peter Schiff, who was Presidential Candidate Ron Paul’s Financial
Advisor, and the person who accurately predicted the financial meltdown, three years ago. Mr. Schiff addresses numerous financial issues bluntly and
honestly. Dave and Johnny also ask numerous AboveTopSecret.Com Member questions which are answered by Mr. Schiff.
More excerpts from Mr. Schiff include:
"The major damage to our economy is not going to come from the problem, but from the [government's] cure for the problem
"What we need is to rebuild a viable economy
. The problem is, the government is interfering with that. The government is not letting the free
market function, just like it interfered with it during the [mortgage] bubble to create the bubble, and removed the normal regulation that would have
kept the greed in check."
"He [Paulson] has repeatedly lied to the American public
, he's lied to congress, he is incompetent and he should resign."
"Not only is our economy in trouble, but our individual liberties and private property rights are under attack.
And the more power we cede to
the government, under the hope that the government will use that power benevolently to help us... that's not what's going to happen. They're going
to use the power against us, and not only are we going to loose our financial wealth, we're going to loose our freedoms. And if we don't have our
freedoms, we're never going to get our economy back.
"My worst fears have been confirmed
by what Barack Obama is threatening to do."
"The government has created this problem, and is trying to benefit from the solution
"The dollar is doomed.
Anyone caught with dollars when the music stops is basically going to be broke."
ATS MIX Special Edition Number 16, with Dave Rabbit and Johnny Anonymous, from AboveTopSecret.com.
Show length is 49:47.
Direct link to show MP3 file: atsmix_3169.mp3
Subscribe to ATS MIX in your favorite MP3 utility/player: ATS MIX RSS feed
Subscribe to ATS MIX in iTunes for your iPod: ATS MIX iTunes
ATS MIX is the alternative topics program from AboveTopSecret.com, all content is copyright (2009) by AboveTopSecret.com and The Above Network, LLC,
all rights reserved. No content of the program may be rebroadcast in part or in whole from any web domain other than ATSMIX.com or ABOVETOPSECRET.com
without prior written permission of The Above Network, LLC.
[edit on 2/1/2009 by SkepticOverlord]