Peter Schiff: This Is BAD For The Economy | Must Watch

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결론: 정부 개입과 구제금융을 줄여야 경제가 회복된다는 자유시장 옹호 주장이며, 자산 가격 방향에 대한 구체적 예측은 없음. 핵심 주장 1 - 자유시장과 제한정부: 미국 건국 이념인 제한된 정부와 연방주의로 돌아가야 하며, 국가는 대외 문제에 집중하고 국내 문제는 주·지방정부에 맡겨야 한다고 주장. 핵심 주장 2 - 경제 침체 원인은 정부: 코로나19가 아니라 그 이전의 정부 정책(저금리, 주택시장 거품을 키운 패니메이·프레디맥 등)이 경제를 망가뜨렸다고 봄. 핵심 주장 3 - 구제금융 비판: 정부 구제와 추가 재정 부양은 문제를 키우는 목발일 뿐이며, 정부 프로그램을 줄이고 자유시장이 해결하도록 해야 한다고 주장. 핵심 주장 4 - 정부 축소와 금리: 침체 시 정부 지출·규제를 줄이고 금리가 오르도록 두어야 저축과 자본투자가 늘어난다고 주장. 부채 확대와 소비 확대는 해법이 아니라고 봄. 리스크 경고: 정부는 문제를 직면하지 않고 결과를 뒤로 미루고 있으며, 달러 붕괴와 국가부채 위기가 올 것이라고 경고. 과도한 통화 발행으로 인플레이션이 통제 범위를 벗어나 있다고 주장. 추가 주장: 구제금융은 정치인과 기업 간 대가성 거래가 될 수 있으며, 보이지 않는 비용(세금 부담)을 간과한다고 비판. 정부 지출은 곧 국민이 부담하는 세금이라는 논지. 출연자 전망: 구체적 종목·지수 가격 전망은 언급되지 않음. 전반적으로 장기 구조적 비관론(달러·재정 위기)을 제시.

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01. believe in free market okay so which is limited government uh sound money uh you know i believe in the principles that the nation was founded on the idea of america as a nation of individuals rugged individuals self-reliant uh the idea of concept of federalism uh where the federal government is supposed to live within its constitutional restrictions where the federal government does very little it's predominantly uh concerned about international affairs but all the domestic affairs are left to state local governments now we have a very powerful very strong a central government the invisible hand and and the wonders of of the free market uh but what happens is whenever the government uh mixes socialism in with capitalism and creates a problem the argument is always well we need even more socialism which is what's happening now when everybody says oh we need to bail everybody out we need to stimulate the economy everybody needs government money the reason that the economy was so sick it's not the coronavirus it's because of everything the government did before the coronavirus so the government crippled the economy the solution isn't to find a bigger crutch a government crutch it's let's eliminate all these government programs make governments smaller so that the free market can solve these problems why do you think that argument of blaming capitalism is so attractive well because it's it's politicians right politicians want to get votes and the way they get votes is by promising to do something to give somebody something that they don't have uh and so if a politician says look the solution is let the free market work and of course you know wall street everybody that that you know that made mistakes and borrowed too much money uh they all want to get bailed out they don't want to lose money they were inflating a housing bubble that was also uh being fueled by the government agencies fannie and freddie both guaranteeing and also we were fueling an international demand for mortgage-backed securities as the fed kept interest rates so low and real estate prices got too high consumers were levering up they were borrowing against their houses and buying more stuff that after the bubble popped the government and the fed instead of acknowledging their fault and inflating this bubble and doing the right thing they would double down on the failed policies they were going to slash interest rates they were going to print all this money what the politicians want to do is they never want to deal with the problem they want to postpone the consequences the problem is we are out of road at this point they don't know that yet but this time we're going to get a dollar collapse we're going to get a sovereign debt crisis the amount of inflation which is the money printing uh is off the charts why do they constantly blame capitalism and and socialism is what is the benefit of doing that we don't need a new form of capitalism we need to go back to capitalism the type of capitalism that we've been practicing has been the problem because it's capitalism in name only right it's socialism or maybe more accurately fascism if you understand the true meaning because uh fascism is a form of socialism so is communism the government relied on the people to pay for that war now we're all we all believe that the government needs to bail out the people with what money the government doesn't have any money it's the people that support the government not the other way around but we're pretending that the government can support the people by using a printing press that all we have to do is print money and nobody has to work nobody has to produce we can have all this stuff for free what are the most important qualities for somebody to win mr olympia the right thing right now for the economy is for the government to shrink right the government is a burden on the economy that everybody must bear so the correct solution in a recession is to shrink government cut government spending and free up those resources that were being uh consumed by government and free them back into the economy to be used productively so you cut government spending you cut government regulation and you let interest rates go up so when interest rates go up we get more savings and when you have more savings you have more capital investment that's what the economy needs we don't need more debt we don't need more consumption how do you make the government smaller on one term or two-term i mean that's not going to be paid off the debts are not going to be repaid the question is is it better to inflate them away or default capitalism uh is going to take us to where we want to go socialism never will it's it's a false promise that oh we're just going to solve this problem tax cuts have to do with cutting government spending the the cost of government is what it spends so government spending is taxation every dollar the government spends is a dollar that we have to fund why do we bail out the too big to fail what is this well because obviously is the politics of it you know from the industries that get bailed out are going to recycle some of that bailout money and line the pockets of the politicians that voted to bail them out right i mean that's a quick pro quo that's going to happen but also when it comes to economics right you have the scene and you have the unseen the effects and when a government bails out a business the immediate benefits to those who receive the bailouts are there the company is there the jobs are saved and so and the people who benefit from the bailout uh they they're known and and they will vote for you