Always up to date with the latest of Jim Rogers, John Stossel, Marc Faber, Peter Schiff and Ron Paul!
surely the landlord would protest to Peter, maybe even kick his mother out
no one seems to mention it, but a simple solution would be to burn down a million houses rather than a gigantic stimulus
Peter is brilliant and his analogies are like a hot knife as always. And I'm glad that Peter points out that most of this is just common sense. I don't know WHO thought that relaxing mark-to-market rule is the solution. If anything, it's an even faster way to bankrupt even more banks. The G20 conference is a hoax, put together by IMF/Fed to create a new world-wide, central economic bank. This is NWO ladies and gentlemen, it's beginning. Gordon Brown even mentioned that this is the beginning of the NWO as we know it and they've been working very hard towards it.
sorry but can someone explain to me what mark-to-market is? I didn't understand the video fully. Thanks.
This is precisely the reason this guy is so great...he has more common sense than 99% of the people on this planet! We will no longer need "God to help us!" if we elect him into office! God bless America!
to the anonymous poster who thinks the landlord would protest to Peter....are you even paying attention? the landlord GOT THE IDEA FROM PETER YOU DIPSHIT.
To Anonymous at April 3, 7:42pm:Definition taken from Wikepedia:"Mark-to-market or fair value accounting refers to the accounting standards of assigning a value to a position held in a financial instrument based on the current fair market price for the instrument or similar instruments. Fair value accounting has been a part of US Generally Accepted Accounting Principles (GAAP) since the early 1990s. The use of fair value measurements has increased steadily over the past decade, primarily in response to investor demand for relevant and timely financial statements that will aid in making better informed decisions."Link is here:http://en.wikipedia.org/wiki/Mark-to-marketHope this helps.
We have to analyse the other side of the story. The market can be irrational at times, as shown in this current crisis. Even before the fed set interest rates at 1%, take for example, the dotcom boom, the market assessed internet companies as highly valuable (market value) but are in fact nothing but an empty shell (intrinsic value).Therefore, mark-to-market is relevant because it shows market forces but not reliable because it sometimes does not show the true value when the herd mentality sets in.However, relaxing the rule is not an option at all because it reduces transparency,thus can be exploited. Instead, we have to look to educate the financial industry & everyone of the flaws of the rule because they are taught financial models that use values of mark-to-market.
Hey, post the latest "Freedom Watch". Both Ron Paul and Peter Schiff are on there. Very good show.
Freedom watch is already up. The admin posted it under 1st of april.