A Quote by Peter Schiff
The real bubble in China is in US Treasuries, in US dollars.
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The Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression.
If we are going to go into a global currency fight against countries like China, well, the US has about 75, 76 billion in foreign reserves. They're going to be up against China with 1.7 trillion in US dollars and foreign reserves, so it's not much of a fight there. It could be an interesting fight though.
Let the Black man go - stop lying to us that you love us. And if you really love us, let us go and give us some of this territory that we can call our own; and give us the billions of dollars that we can get started with land and with tractors and the things that will make us an independent nation.
We have trade with China. We lose hundreds of billions of dollars a year on trade with China. They know how I feel. It's not going to continue like that. But if China helps us, I feel a lot differently toward trade. A lot differently toward trade.
The best way to contain China and make it the peaceful rise of China is for us to have an enormously robust navy that is the greatest navy in the world, that can patrol two oceans, that can fight two or three wars, and China will not challenge us because the Chinese are practical.
What we want is to be real. Let us not appear to be more than we are. Don't let us put on any cant, any assumed humility, but let us be real; that is the delight of God. God wants us to be real men and women, and if we profess to be what we are not, God knows all about us. God hates sham.
The fact is I look at what's happening to this country, I look at the way China is just ripping us off, I look at OPEC the way they are ripping us off with the oil prices. I mean, people are gonna be paying six and seven dollars a gallon for gasoline very, very soon; and you're gonna be up to $150 a barrel; and they wouldn't even be there if it weren't for us.
I mean, on one hand Rex Tillerson is correct, there are no plans to change the One China policy. But certainly that policy is on the table if China doesn't also come to the table and work with us on trade, work with us on the South China Sea on what's happening there.
We have met our passion to be ambition to grow our market share significantly in North America. Motorola helps address two other priority markets for us - the acquisition has enabled us to become the No. 1 foreign vendor in Japan. It also gives us an increased market share with China Mobile in China.
The rise of China as a new power is another great challenge for the US. Our failure to properly handle Germany and Japan earlier in the 20th century cost us and the world dearly. We must not make this same mistake with China.
The global boom in commodities fueled by a debt-financed infrastructure and real-estate bubble in China is over.
I don't think Donald Trump is a conservative. I think his line on China for example, that he's going to talk tough to China. China didn't create Social Security, Medicare. China isn't spending a fifth of a billion dollars every hour that it doesn't have.
Never mind. Point being that you don't have to get too worked up about us, dear educated minds. You don't have to think of us aas real girls, real flesh and blood, real pain, real injustice. That might be too upsetting. Just discard the sordid part. Consider us pure symbol. We're no more real than money.
I truly believe that America`s greatness and billions and billions of dollars of our wealth flows away because China doesn`t treat us fairly.
We can talk about republican or democratic approaches to the economy, but until you fix the student loan bubble - and that's where the real bubble is - and the tuition bubble, we don't have a chance. All this other stuff is shuffling deck-chairs on the Titanic.
Not everybody can create a foundation that's worth a billion dollars, but all of us can figure out those things we do. I really think God loves us too much to give us an assignment we don't enjoy doing.
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