Today, Detroit's emergency manager announced a plan for the city to emerge out of bankruptcy. Throughout Detroit's solvency crisis, investment pundits and other hacks and lackeys have spread rumors and made false conclusions as to the cause.
At the end of the day, the objective of everyone aired in the media is to steer the blame away from executives, Wall Street and the establishment so that every economic catastrophe will be remedied off the backs of working class Americans.
As you can imagine, simpletons like Peter Schiff have insisted the reason for the failure of the Big 3 (and ultimately Detroit's bankruptcy) was due to labor unions and government involvement. As usual, Schiff is wrong AGAIN. We have documented these topics numerous times in the past.
Schiff’s claims about the collapse of the Big 3 are nearly as hilarious as his more recent propaganda on the minimum wage. Don’t worry Peter, Mike Stathis plans to publish a video on this topic in response to your delusional ideas.
The Death of Labor Unions in America
I have also previously shown without any doubt that Peter Schiff has no idea what he is talking about when he makes his typical ridiculous ascertains regarding the economy, healthcare, labor and many other topics.
More relevant to those who have been caught up into his rhetoric, Schiff continues to preach an irresponsible investment strategy. In fact, virtually everything that comes from this guy's mouth is so wrong that it is likely to cause informed individuals laugh.
Here are a few reminders [1] [2] [3]
Although Schiff’s dog-and-pony ideas and horrendous track record keep getting more embarrassing, he continues to be paraded in the media. Hence people need to start asking why this man continues to receive so much media attention.
It is attributed to one thing, and one thing only. Peter Schiff is Jewish.
For several years we have demonstrated how the Jewish-run media makes a point to promote Jews as a way to enrich them.
Ask yourself this question. If Peter Schiff was not Jewish, don’t you think someone in the media would bring up his father’s IRS-related felonies and insane antics?
Think about it. You have a man who ran for Senate and not once did the media even mention the fact that his father, Irwin Schiff was involved in convincing Joe six packs that they didn’t have to pay federal income taxes. Truly shocking.
You had better believe that if Schiff was a Gentile, the media would focus on this issue regularly.
The problem with airing consistently clueless mouth pieces like Schiff is that the public becomes misinformed. Most sheep who tune into the media only know what the media delivers. They aren’t aware that real experts exist. All they know is what they read, see and hear from the media. That is called brainwashing.
Ultimately, what this all means is that you get screwed if you pay attention to the criminal media monopoly.
I have detailed the inner workings of the financial media on numerous occasions.
As we have shown in the past, Peter Schiff is merely a salesman and his only agenda is to sell you his delusional economic and investment ideals with the hope that you will buy his useless books which have been written as a marketing tool for his firm and to advance his political aspirations, pay huge fees to buy precious metals from him, invest in one or more of his underperforming mutual funds, or open an account with his firm where you can partake in his Euro/Asia-centric, buy-and-hold investment strategy.
Okay folks, get your popcorn ready, get comfortable and get ready to learn, because as always you are going to be entertained as you discover the real reasons for the bankruptcy of Detroit.
We guarantee you will not hear the real reason for the bankruptcy of Detroit elsewhere because quite simply, there are not many people in the world who truly understand the real causes and for those who might know, they wouldn't dare talk about the causes because the discussion would not be politically correct.
Quite simply, the education we provide is priceless. Those who do not receive it are certain to lose a good part if not all of their life savings by falling for the countless con men that seek to win your trust and make up stories. The current gold/doomsday scam is just one example of this. You can be sure that there will be many more scams to come.So you had better ask yourself the following question…are you able to spot scam artists?If not, you had better patch into our Encyclopedia of Bozos, Hacks, Snake Oil Salesmen and Faux Heroes.
Many have been fooled by snake oil salesmen to think they are on your side, when they are really looking to hook you into their sales pitch.
Mike Stathis remains the lone voice of reason and wisdom for Main Street.
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