The Debt Bomb is going to explode under Trump


Peter Schiff -- No President Will Escape Fed's Debt Bomb








Bennett we don't like national debt at 0:02 19 trillion 965 billion so 20 trillion 0:07 around the corner we just 20,000 0:09 yesterday and the dow jones or whatever 0:11 day before the jones industrial average 0:13 so my question to you is simple 0:16 okay is there any way that any president 0:19 is going to avoid a debt bomb know that 0:24 the dead father's gonna explode but 0:26 we've been doing with the debt bonds and 0:28 diffuse it is the Federal Reserve is 0:30 kept interest rates practically a zero 0:32 so at least we can afford to service the 0:35 debt repaying it is completely 0:37 impossible but at least we conservative 0:40 when interest rates are at rock bottom 0:41 but that's already changing interest 0:43 rates are going up inflation is going up 0:46 and so creditors are going to demand a 0:48 higher premium to hold our paper and we 0:50 are headed off the edge of a clip and I 0:53 think that the Fed is going to try I to 0:56 inflate its way out of this problem but 0:57 it's going to inflate its way into a 0:59 bigger one 1:00 all right now let's take things one step 1:02 at a time okay 1:04 there was a time where infrastructure 1:05 under previous administrations was a 1:08 tough one 1:09 ok so the republicans are they going to 1:12 give the new president an issue is there 1:16 a difference between infrastructure 1:18 spending with this administration versus 1:20 others or is it all pretty much the same 1:22 in your mind 1:24 well it's the same and plus 1:26 infrastructure spending is not going to 1:28 help the economy you don't help the 1:29 economy by spending money to the extent 1:32 that we need to repair our 1:33 infrastructure that's already have a 1:35 variant listen I agree with you on a lot 1:37 of things Peter but i just put a roof on 1:39 my house okay and I don't look at that 1:42 is you know unnecessary infrastructure 1:44 spending it was leaking we have a lot of 1:47 quote-unquote right heroes out there but 1:49 even so really it's not stimulus it's 1:52 more like green pears now I'm not saying 1:54 that to get the money is going to be 1:56 easy but sometimes there is a difference 1:58 yeah but it would've been better if your 2:01 roof didn't leak and you didn't have to 2:02 repair it if you could use the money for 2:04 something else 2:05 so the fact that we have infrastructure 2:07 that is in need of repair is a negative 2:10 it is a burden it's this 2:11 sacrifice that we have to spend money 2:13 building up our infrastructure the fact 2:15 that it creates jobs that's not a good 2:17 thing because we're diverting resources 2:19 that we might otherwise have been able 2:21 to use more productively to make 2:23 necessary repairs for infrastructure but 2:25 the other problem is we're broke we 2:27 can't afford to repair our 2:29 infrastructure that is the problem and 2:31 if we're going to divert resources 2:32 towards the building our infrastructure 2:34 what are we not going to do right what 2:37 are Americans going to stop spending 2:38 money on so we can free off the 2:40 resources to make these repairs 2:42 well sometimes Peter don't you have to 2:45 step out of the box a little bit though 2:47 i'll give you an ocean we have trillions 2:49 of dollars overseas that this president 2:51 studies going to allow businesses to 2:53 repatriate you ever hear Build America 2:55 Bonds so why doesn't he say listen you 2:57 can repatriate it but in order to do 3:00 that you have to play this little game 3:02 of bond covenant you have to participate 3:05 in a building America Bonds scenario for 3:08 the covenants give you a bit less 3:09 interest rates and for that you'll be 3:12 allowed to bring this money back at a 3:14 very low or maybe negligible tax rate 3:18 your final common can't we get creative 3:20 is there no answer here 3:22 well I hate to make rope not 3:24 micromanaging and of course you know 3:26 they don't have to bring the money back 3:27 they can leave where it is and pay no 3:29 taxes on it and so if we try to be you 3:32 know too funny about all these 3:34 requirements they don't have to bring 3:35 the money back at all right because they 3:37 got a zero tax rate where they are right 3:38 now but the bottom line is you talked 3:41 about at the beginning all of this debt 3:43 everybody is ignoring this people are 3:45 talking about we're going to get all 3:46 this fiscal stimulus the reason we 3:48 haven't had it before is because we're 3:50 broke and we've been relying on this 3:52 phony monetary stimulus but if we 3:54 actually try to increase already 3:56 enormous annual budget deficit with tax 3:59 cuts in more spending that unfortunately 4:01 the Federal Reserve is gonna go back to 4:02 the well we're going to do more 4:03 quantitative easing and we're going to 4:05 end up destroying the value of our 4:07 current it right now here the dollars 4:09 that a fourteen fifteen you're hot but 4:11 it's a long way to hear Peter I'm gonna 4:13 have to stop here but i am going to 4:14 bring it back in here to see if all 4:16 these clouds are still there thank you 4:18 for taking the time and







The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

No comments:

Post a Comment

“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?

PHILIP ZIMMERMAN, DER SPIEGEL

“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success
UNKNOWN

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN

Taxation is legalized Theft
UNKNOWN

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan


"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich


There is NO political answer to a spiritual problem!
Steve Quayle


Po
litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow


When People lose everything and have nothing left to lose , They Lose It !

GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
UNKNOWN

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left
UNKNOWN


No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please
UNKNOWN

Freedom is not Free
UNKNOWN

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff


You can love your Country and not your Government

Jesse Ventura


" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan


"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato


The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki


"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki


"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "
UNKNOWN

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You
UNKNOWN

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World
UNKNOWN

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN


Let me tell you why you're here. You're here because you know something. What you know you can't explain, but you feel it. You've felt it your entire life, that there's something wrong with the world. You don't know what it is, but it's there, like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. Do you know what I'm talking about?


Morpheus The Matrix 1999