Steve Liesman (Lies man, LOL) says Americans need more consumer debt.
The interesting thing about Peter Schiff is that what he advocates would greatly curtail Jewish power. I suspect he doesn’t put 2+2 together — that if the world goes back to saving and sound money, the Tribe would simply lose massive amounts of economic, cultural and political clout. But it’s a fact.
Sound money would put a large share of control the economy back in the hands of the masses. Right now we have the perfect conditions for just about absolute control of the economy/culture/politics in the hands of a few oligarchs. Just about every economic transaction has a skim for the oligarchs. Even income tax and sales tax is skim for the oligarchs, because the government is their blank check. The only way to reduce skim to the oligarchs is to produce something and consume it or trade it via unofficial channels (black economy). Growing food is a very easy way to accomplish this. Also, reducing one’s consumption, buying less stuff, using less fuel, and taking that savings and buying precious metals and/or purchasing a working asset like a business or a rental property.
Consumer debt levels, according to the below youtube, are down to 1980 levels! That’s amazing, if true. Credit cards were only starting to be popularized in the late 70’s, early 80’s.
There are a lot of people looking forward to a sound money economy. They want to play a role in it, and elbow out the banksters. Here’s the youtube: