Jon, what are you expecting amazon to announce tomorrow . Is there going to be hardware . Is there going to be a streaming component . There has been so much talk about hardware. In the lead up to that event, they have had a couple of key content announcements. You highlighted the word about their original series and which ones will continue on. One example being a show that stars john goodman. Today, they make this announcement tied to licensing content. People who use it will be able to watch past seasons of 24 and fox is bringing back another version of 24. You can stream that on amazon later this year. At least on the video content strategy side, there are three parts. They want people to use that service so they will buy movies and buy tv shows the same way they do on itunes. If you really want scale in this business, if you want to make what you got a destination, you have to have original shows. They have cut a lot of licensing deals like this one with fox and pbs or cbs or nick
This guy is a divider and we have made the mistake of joining along and we are doing the same thing. We are being just as vitriolic as he is right back at him. It doesnt help this country. We need a message ladies and gentlemen that is a positive message for americas future. Something that includes all americans and it. We should be the party. The Republican Party is the party of the union. We want to unite people. The Democratic Party wins elections by dividing america into classes and groups. That is how they win and they go out and try to pump up the boats within their own little groups. The Democratic Party is a collection of these groups labor unions and trial lawyers abortion activists environmentalists. That is who they are. All these little groups. That is not who we are. That is not who the Republican Party is. We are the party that is a broadbased party that doesnt rely on any special Interest Group to fund us. That is who we are. Theres a message that appeals to that broad g
Not enough but enough to stop the bleeding but its not like you know volcker thought 20 Interest Rates are going to be fun. He knew that it would be difficult but the country survived it. Obviously we cant survive it now. We dont have the Balance Sheet to afford 20 . We cant even afford 5 . I dont even know if we can afford 1 . I think its still zero, right . But at some point when the dollar loses enough of its value then the Federal Reserve will have to decide are we going to be germany or are we going to be zimbabwe and are we going to let the dollar go to zero or are we going to stop that . The only way to stop it is to jam on the brakes let Interest Rates skyrocket start selling down their portfolio treasuries in mortgagebacked securities so it would be massive debt liquidation. It would be a huge implosion much bigger than any crisis we have had before because banks are going to fail and governments will default in the government will have to default on its debts. He will have to
Misconception out there. Any other questions . Emily, thank you very much. [applause] thank you. Peter schiff talks about his book the real crash americas coming bankruptcy how to save yourself and your country he is ceo of Euro Pacific Capital and hos host of the peter schiff show. This event was hosted at freedomfest in las vegas. Good afternoon. Peter schiff has spoken at freedomfest many times and you are leer here to listen to him and not be. It is as a great pleasure for me to work with peter at Euro Pacific Capital and i say it is as a great pleasure for three main reasons. One is that peter has the ability to see through the smoking mirrors of government propaganda and government crooked statistic and the supportive media of the establishme establishment. Seeing through the smoke and mirrors peter gets what is happening in the world in my opinion. Secondally, peter has a great ability to articulate very complex issues in a simple way so that people can really understand them. A
The production doesnt stop. The factories are still here. We have a currency crisis. It doesnt mean the factories that are producing, they dont stop producing stuff but what changes is who gets to buy this stuff. Right now america disproportionately read by a lot of the stuff that gets produced in factories all around the world. But when the dollar goes down somebody else is going to outbid us just like we are outbidding them. So i want to own Companies Whose customers are going to own the currencies that will gain value against the dollars because those customers are going to have more buying power. So the earnings of these Companies Need to go up when our customers have more purchasing power in most of the Global Customers now dont need credit. They have savings. Americans have no savings and whatever little savings we have are about to collapse in value. I dont want my customers being americans. I want my customers also living in countries that have sounds monetary policy, sound eco