Tuesday, May 30, 2017

Germany cant force Americans to buy German cars


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Wednesday, May 24, 2017

Only the rich can afford housekeepers


Today, people have lots of consumer debt, auto loans and student loans. Not only do people not have savings, they’re loaded up with debt. They have no real chance of retirement. People have more TV sets and cell phones. They don’t travel as much as they did. They don’t have as much leisure time. A husband would usually come home to a cooked meal. Now he has to help make the meal.

Families are smaller. They can’t afford to raise their kids or send them to college without taking out a lot of student debt. It’s too expensive. People are getting married later in life and many don’t get married at all. We’ve lost the free-market principles that gave us the free market in the first place. We have lots of regulation, higher taxes, much bigger government and a much smaller middle class.

Remember “The Brady Bunch” TV show? That 1970s family had a full-time live-in housekeeper called Alice. Mrs Brady worked at the PTA and did community work. She didn’t clean her own house. That was middle class. Now you have to be very rich to employ a housekeeper. Everything it meant to be middle class has changed dramatically.”


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, May 22, 2017

Trump's tax reform will be delayed


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Today's middle class is poor by our previous high standards

By the time people retired 50 years ago, they were out of debt. Not today. A school teacher would go to America and be a big shot because he had a lot of money. The cost of living wasn’t as high. Today, it’s changed dramatically. The bar has been lowered dramatically. The middle class today would be poor by the standards of the 1950's. Today, with two people working they would still live paycheck to paycheck. 

By the time they pay for day care, it wouldn’t make any sense for both parents to work. Half of the money goes on taxes. Most women want to be with their kids, especially when they’re young. Today, you don’t even come home from school because you go to after-school as both your parents are working.

Wednesday, May 17, 2017

America peaked around the 1950s

The American middle class used to be envy of the world. It was a byproduct of economic freedom. We had a very dynamic free market economy and limited government. People were out there pursuing their own self-interest and creating employment opportunities. We had a very upwardly mobile economy and that peaked around the 1950's when the typical middle class American family consisted of a father with a job and stay-at-home mom who took care of the kids.

Generally, middle-class American families had help at home. They didn’t necessarily have two cars. But they owned the one they did have. They didn’t have credit-card debt. They had ample savings. This was true even if the husband didn’t graduate from high school. Even if he had a blue-collar job, he could support his wife and family. And they paid off their mortgage.

Monday, May 8, 2017

CNBC Scott Nations takes on Peter Schiff


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Tuesday, May 2, 2017

Trump proposes biggest Tax Cuts in US History



Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

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