Peter Schiff Report, May 12

  1. Government kangaroo commission about the financial collapse is just a time-wasting and propaganda measure to legitimize the administration’s wrong preconceived notions about the economy.
  2. Cash for klunkers?
  3. 2009 Budget heading for a $2 Trillion deficit.
  4. THERE IS NO SOCIAL SECURITY TRUST FUND.
  5. Unintended consequences of bailouts: the destruction of 100-year old businesses in order to prop up failures.
  6. And one last plea for the viewer to realize that it is not CREDIT that drives investment, but SAVINGS.