Peter Schiff: The Stimulus Is The Reason The Economy Is So Sick!

sabretoothtigger

PasturesNew wrote: »

I am also on a dongle, with a bandwidth limit

Fair enough, Ive been on 125k before now which is only slightly better then a modem.

That particular video has a 240p option which basically means a resolution of 240 pixels or less compared to HD quality which is about 1080p (its a factor of like 8x or 16x the data)
It should take up much less bandwidth



Here we go its 0.25 vs 3.5 for the two extremes http://en.wikipedia.org/wiki/YouTube

3.1kb per second vs 43kb/s
0.187mb per minute of video watched or

If you wanted to watch a ten minute video you'd use up nearly 2mb of your allocation whatever that might be

You can set 240p in the youtube settings for your account I think

crazygaijin

Its interesting that Russia as well as Mexico is now pushing to go back to gold and silver.

Russia has been in the news so much lately about precious metals.

They are buying up PMs at an alarming rate.

But the central bank must be storing all this up because it has been selling fake bullion to the public.

Also they claim to have found 1600T of gold in that lake. Its just a funny time for all this to happen.

Generali

GTS/PN Precis Service:

3 Economists discussing the deficit on Fox TV......
Heldman: Bush whacked up spending and cut taxes and the numbers aren't sustainable - Obama can't solve the problem quickly as it's so huge.
Schiff: The more the Government spends and regulates, the less able the underlying economy is to support that spending and regulation.
Heldman: We're not going to have a depression. However, the stimulus isn't the problem, the underlying overspending is the problem along with unfunded liabilities.
Horwitz: Unemployment is higher than Obama said it would be without the stimulus thus the stimulus has failed. Increasing Government has made business not want to invest.
Heldman: 2,500,000 jobs created and 2% added to GDP by the stimulus package
Schiff: The added debt from the stimulus package will cause a drag on the economy. Real GDP increases come from consumption and investment. Government deficit spending has slashed investment and will reduce GDP in future.
Heldman: The Government is doing what it can and consumer confidence is back to where it was. However, businesses are concerned about the future and so are hoarding cash.
Schiff: People are broke and should stop shopping.
Horwitz: We are going down the path of Greece. We used to be seen as notably fiscally responsible, now we are notably fiscal idiots.
Schiff: Yeah, what he said.