Contact us
CALL US NOW 1-888-GOLD-160

Peter Schiff: Politicians Are Nothing But Actors

  by    0   3

When Peter Schiff appeared on Joe Rogan’s show, he made the case that the Federal Reserve and Congress are the real problems facing America. The central bank and the federal government cripple the economy, destroy opportunity, and generally make life more difficult for the average American. But why? Why would people who claim to be “public servants” harm the very people they supposedly represent? Peter explains in this clip from the interview.

Rogan asked what incentivizes politicians and government bureaucrats to handicap the operation of markets and keep them from thriving? What do they have to gain from destroying economic opportunity and keeping people from working?

Peter said it comes down to power. And they want to keep it.

They want to get elected, and they want all the perks that come with elected office. Most people who are in government live pretty good lives.”

Rogan interjected, “There’s a reason they do it. It’s not that they want to serve the people or help the people. They want personal benefits.”

Peter agreed.

That’s all the nonsense, right? They all pretend that they’re public servants. But that’s the spiel. They’re acting. They’re playing a part. That’s a means to an end. They want the power. They want the perks that come with elected office.”

But getting elected is no easy feat. It costs a lot of money. That means you have to convince people to donate to your campaign. You also have to convince people to vote for you.

So, they’re not making policy that’s good economics. All they’re trying to do is get elected and get donations. And so they have a vested interest in helping the people that give them money. And people are always trying to buy special perks from government — a tax break or ‘regulate my competitor instead of me,’ or, ‘Put this guy out of business.’ And of course, a lot of people just vote for something for free. That was the power of Bernie Sanders. ‘I’ll give you free stuff, vote for me.’ And there are a lot of people who don’t know any better and they’re just going to vote for whoever promises the most free stuff.”

Get Peter Schiff’s key gold headlines in your inbox every week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

Related Posts

Peter Schiff Gold Videocast: The Lull Before the Storm

Over the last several months, gold and silver have faced strong tailwinds due to market expectations that the Fed would tighten monetary policy sooner rather than later to fight price inflation. But after April’s hotter than expected CPI, that sentiment seems to have shifted and the markets are acting the way you would expect in […]


Peter Schiff: CPI Is a Lie!

We’ve been talking a lot about the specter of inflation. Despite the Fed’s assurances not to worry because any price increases we’re seeing are transitory, some people are indeed worried. A former JP Morgan managing director warned about inflation and echoed Peter Schiff’s view that the central bank is powerless to fight it. And we’re […]


Peter Schiff: The Federal Reserve Is Basically Just a Big PR Firm

Most people view the Federal Reserve as an important policy-making body driving the economy. But in this clip from an interview with Jay Matin at Cambridge House, Peter Schiff says the Fed’s primary role is that of a marketing firm selling the populace on bad economics and trying to convince everybody that everything is great. […]


Peter Schiff: America’s Consumption Economy Is a Bubble Economy

America has turned into a consumption economy. The problem is, economies can’t run on consumption. Peter Schiff explains in this clip from a recent interview. Consumption economies are bubble economies.”


Peter Schiff: Has Ben Bernanke Ever Told the Truth?

Ben Bernanke served as the chairman of the Federal Reserve from 2006 to 2014. He famously told Congress the Fed was absolutely not monetizing the debt in 2008. He said the difference between debt monetization and the Fed’s policy was that the central bank was not providing a permanent source of financing. He said the […]


Comments are closed.

Call Now