Peter Schiff for Senate

It should be noted that demand for education increases as job skills become more technical. This will cause some price increase, though i agree with Peter that the problem is mostly a failure of market forces to be allowed to operate.

interesting that you would say quality of education would decline with lower tuition/reimbursement...and yet the Democrats think they can improve health care by continually cutting physician reimbursements. that is part of the reason why the "quality of care" so to speak has diminished...because more of the academic elite are no longer choosing medicine.

I so you on "Face the State". You came out against Social Security,federal student loans and the war in Afghanistan. You came out in favor of legalized abortion and gay marriage. You were undecided on the GI bill. The real question is can a politician who tells the truth be elected? Even though I'm pro0life you've got my vote. But I voted for Ron Paul so I was easy to convince.

It's amazing how many people still have no clue what's going on.

Keep up the good fight Peter; America needs you!

How many times have they told us the recession is over this year? 5 times?

Ya know Peter, not every thing you think need be said like it should be written on stone tablets. Nevertheless, thanks for sharing your good thinking on real estate. It does help. It's not the gospel, but it helps. Keep up the good work. Just try to lighten up on the Mr. Smartypants routine... ;)

I made a website for finance related matters. More to get my own head around the problem - I am now beginning to grasp what is going on. Anyway: emptyjacket.com

Thank you Peter. I am in the mortage business and I have been talking people out of adjustables for 18 yrs so I agree with you and know it is coming too....

In some rare cases an ARM makes sense. If you -- for example -- plan on retiring the debt within the ARM period, it pays to secure the lower rate, of course (and some would question the wisdom of doing this). Most loans clearly do not fall into this category and would therefore constitute a speculative gamble on rate risk... as Peter aptly points out.

What would happen if we raised interest rates to 90%-150%?

Even if they raise interest rates to 7 percent, the national debt becomes unserviceable. We are sitting on a currency time bomb.

true

@ Chris C: ditto he is doing this for us not the other way around.

yeah, I remember when I was in middle/high school that all the history books said that FDR was this great hero. Now that I actually think about his policies, I realize that he was basically a socialist in the style of Hugo Chavez.

great book

Peter you sound really rested and relaxed from being in Hawaii. Good for you! Also, thanks for this interesting vlog. And look at people thinking you give them more learning than college does. Wow.

And this is a brilliant concept "mortgages without houses" that's exactly what student loans are.

exactly samantha. couldn't have said it better, and that's pretty good! keep posting!

Did anyone notice all the deadbeats lined up in Detroit and New York streets waiting to get some of that free "Obamacash" that the rumor mill said the feds were handing out? When one woman was asked repeatedly if she knew where all this free money was coming from all she could say was "Obama". When asked where he got it she could only respond that... See More ... Read Morehe got from his "stash". Of course that "stash" is you and I. Can you imagine what our cities are going to look like when the welfare checks and free food stamps stop coming into town? What a nightmare we have on our hands! How can you teach them that hoping for hand-outs from the govt is wrong when GM and Chrysler and Sachs are doing the same thing?