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Video commentary about the latest news including unemployment in July, Antoine Dodson’s defense of his sister, social security becoming a liability, a record amount people on food stamps, mass layoffs and more economic news.

Read my commentary

http://demcad.blogspot.com/

U6 unemployment

http://www.bls.gov/news.release/empsit.t15.htm

Jobs Picture Worsens With 131,000 Losses; 9.5% Rate

http://www.cnbc.com/id/38590746

New claims for jobless benefits rise to 479K

http://news.yahoo.com/s/ap/20100805/ap_on_bi_go_ec_fi/us_economy

Food stamp use hit record 40.8m in May

http://www.boston.com/news/nation/washington/articles/2010/08/05/food_stamp_use_hit_record_408m_in_may/

BAE Systems to lay off more than 1K workers in Sealy

http://houston.bizjournals.com/houston/stories/2010/08/02/daily29.html

Cypress Bioscience lays off 86 percent of work force, cuts personalized medicine unit

http://www.canadianbusiness.com/markets/market_news/article.jsp?content=D9HCP2L00

Siemens to Axe 2,000 IT Jobs in Germany

http://www.manufacturingdigital.com/sectors/telecoms-technology/siemens-axe-2000-it-jobs-germany

Boeing to Cut 800 Jobs from Long Beach Workforce

http://www.latimes.com/ktla-boeing-job-cuts,0,5940548.story

Expedia to expand Mo. facility, add up to 500 jobs

http://www.businessweek.com/ap/financialnews/D9HDERIO0.htm

Unhappy robber: Gunman calls restaurant to gripe

http://www.ajc.com/news/atlanta/unhappy-robber-gunman-calls-582832.html

Social Security in the red this year

http://www.washingtontimes.com/news/2010/aug/5/social-security-red-first-time-ever/

US Postal Service loses $3.5 bln in third quarter

http://www.reuters.com/article/idUSN0517225620100805

Antoine Dodson who helped his sister after a suspected rapist attacked her http://www.nationalturk.com/en/antoine-dodson-attempted-rape-victims-brother-overnight-sensation-81243567

Duration : 0:5:19

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Peter Schiff is one of the most visible figures in the financial media today. His predictions have been extraordinarily accurate and this has gained him much attention from the media and his peers. He has been quoted in many of the nation’s leading newspapers, including The Wall Street Journal, Barron’s, Investor’s Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and appears regularly on CNBC, CNN, Fox News, Fox Business Network, and Bloomberg. In this interview Peter discusses gold, the Indian Central Bank purchase, possible downside in gold, how China will build its gold reserves, the US Dollar, unemployment, tent cities, the economy, future jobs, real estate, government attempt to prevent housing from correcting, government becoming a landlord, the FHA, social security and more.

Duration : 0:9:54

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