Friday, June 15, 2012

Peter Schiff - Why There is a Wealth Gap in America (2011)

Federal Reserve Interest Rates - Peter Schiff - Why There is a Wealth Gap in America (2011).
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Peter Schiff - Why There is a Wealth Gap in America (2011) Tube. Duration : 6.12 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . For the latest, go to PeterSchiffBlog.com - Federal workers are making on average above 0000. At the same time, the average private sector job pays about 000. The people in the government are like parasites who are taking resources away from other people. The more government there is, the worse of we all are. As Washington continues to grow, more and more people will lose their jobs. It used to be that government workers were paid less than a private sector job. But that has all changed. Even teachers are paid high salaries when you factor in the benefits and pensions. Part of the reason that JP Morgan is able to make money is that they can get cheap money from the Fed and then use it to speculate. JP Morgan is also shelling out millions in bonuses. These wouldn't exist if they were allowed to fail. Right now food prices are pretty high. Some people say that it is because of the weather, but its because of the inflation caused by the increase in the money supply.
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