Dollar Collapse - Peter Schiff - Freddie And Fannie Socialist Bailout = Hyperinflation
Uploaded by: ArchaicRevivalx2012
Video Description:
Peter Schiff explains Federal Government bailout takeover of Freddie Mac and Fannie Mae. Americans are now cosigning every mortgage in a so called Capitalist country. Capitalism for the middle class and poor Americans. Socialism for the super rich. George Orwell 1984.
U.S. authorities engineered an $85 billion rescue of insurance giant American International Group Inc (AIG.N), staving off bankruptcy and bringing a measure of calm to shell-shocked global markets.
The bailout, made amid a cataclysmic week for the financial sector, marks a reversal of Washington's vow not to step in and calls for the U.S. Federal Reserve to lend up to $85 billion to AIG for two years in exchange for a 79.9 percent equity stake.
It came just two days after U.S. authorities refused to rescue investment bank Lehman Brothers Holdings Inc (LEH.N) (LEH.P), forcing it into bankruptcy court despite pleas from Wall Street's chiefs.
AIG's lifeline bought time for investors to digest an unprecedented run of events that has altered the shape of Wall Street, but did little ease a funding squeeze caused by the turmoil.
Tags for this video: $85B AIG Bailout Bankruptcy Brothers Collapse Cut Dollar Fannie Fed Freddie Holding Inc Interest Lehman Mac Mae Peter Rate Schiff
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dumb ass scare tactic republicans
moist pussy bitch ass democrats
and fake ass independents
all of them, they aint shit
i really would like it if the founding fathers came back and dick smacked all these idiots
The Fed is AGAIN stealing OUR assets in exchange for fiat currency and debt they created from thin air fraud.
Obama, McCain (McBama) and Biden all voted FOR this foreclosure. CHANGE after Nov? WHO?
Hello, Voting for this foreclosure is TREASON!
The 1st Amendment did NOT work!
Is it time to use the 2nd Amendment to replace the traitors?
The only people calling this "socialism" for anyone else other than the rich are politically ignorant people who think ANY ole kind of government aid = socialism.
Proverbs 28:25
A greedy man stirs up dissension, but he who trusts in the LORD will prosper.
*barf*
That's why Mr. Jim Rogers is shorting US Treasuries. But hey, I guess they're not lying. Gov Bonds are junk, and Fannie bonds are junk. Okee-dokee.
Put it out there so we can see if they truly understand money.
Does Peter Schiff apply the teachings of this Austrian School?
Is so, he has been wrong on some points.
I'm curious to know which points schiff has been wrong on.
1. The dollar will collapse by this Fall......WRONG
2. Gold...then trading at $950 will rise to a much higher lever very soon.....WRONG
3. We will experience hyperinflation.....We have not...it has been more deflationary...atleast at this point...so he is WRONG as of now
he's been wrong about a little; this may true
but if you look at it another way; he's been right about a lot.
im bored on cam UG