3/5/2009 Part 2/2 Peter Schiff On The The Kudlow Report: Stocks Plunge Again

[Budvb]

You take away the Illusion of Money.... What do you still got? A Country that has worked for free since the beginning of the Dollar printed or made by the computer for nothing! Money hasn't been Real its just a Tool of a Tool box to Point people down a road that they don't feel the need to go down and we are just waking up to this! A Moneyless Society will be better then living this lie of having Money that its only tool is to make us think we own something or keeping score among the Rich!

[prod689]

Paper currency was needed at the time to fund war and what not... where we went wrong was getting rid of the Gold standard that "USED" to back that paper money... Look at the statistics of the money printed since its inception and then compare that to the national debt... its staggering.

[Budvb]

na what you needed was Labor to support a War, that thing called money was just a Tool to get that Labor to do what the People of the Printing Press wanted! Most people are Slaves to things they do no really see or understand! Only Real thing here is Nature and Us, the Rest has been made from our Minds! Go(l)d is harder to minipulate because it comes from our Natural Envir. and not from someones Mind/Minds in mass quanities, Gold keeps man honest to his Environment! God Bless =)

[Estevez123321]

Got gold?

[Budvb]

Got Food?

[EMPIRE0FLIES]

The cause is the FED

[madhuradi]

american economy was 75% consumption on borrowed money 10% related to real estate and auto, Rest mainly services

where is it now as bank lending is nearly zero.

realty and auto are bust ;services have cut jobs massively so nobody will pay income tax if they don't have salaried jobs

Tax revenues from banks in 2007-770 billion

tax revenues from gasoline-390 billion

oil companies 330 billion

services-300 billion

Proposed deficit 2 trillion already

tax income in 09- ~ 15% of 2007

how ? how?

[madhuradi]

nerve of these people who come on air and say oh nothing has happened,don't worry 90% of people still have jobs

My man what are those jobs that you are talking about?

financials-dead

real estate-dead

manufacturing[what are they making now,since nobody seems to buy anything other than food]

retail-dead

hotels-dead

tech-Dead

energy-down in hell at 30$

90%of the 90%employed just have their jobs but are hardly working!

[70road]

Trying to survive on a $10hr job is a completely foreign concept to alot of people. Its simple math. That 40K degree I got sure has been a good investment.

[madhuradi]

stop blaming consumer folks.....

if someone says buy now and don't have to pay for 2 years and I won't see what your credit score is ...and you can sell it back to me and keep the profit...

what will they do?...they will jump in like there is no tomorrow..and they did

[imaginator]

Not long ago Kudlow was boasting that stocks were going up after Christmas.

[Tasadaru]

Peter's new show: "A Whiff of Schiff"

[mrdoonbeg]

haha good 1

[itillbeme]

Kudlow call Capitol One a good bank? They are not a bank, they only issue credit by credit cards, how are they good? Does Kudlow have stock in this credit card company? What the frick.

[stealthpakfa]

fuck all the central banks in the world, burn those buildings, kill every international bankers and the people of this world can live in some fucking peace without wars, debt, tax, and without getting screwed every fucking time! every country on this planet is getting screwed to the bone one way or another because of these international banking families!!!

[Tasadaru]

preach, preach . . . fiat money is slavery. Hopefully fractional reserve banking dies . . . permanently.

[BlueEagle8]

Debt is slavery.

Fiat money is worthless.

[krug24]

Kudlow thinks he can refer to a butchered, quasi centrally planned interest rate yield curve & expect it to have meaningful predictive relevance to real future economic performance. These 'capitalists' that don't understand capital f'd in the head.

[djtostensonjr]

Here's their advice in a nutshell:

Get into Gold and Out of the United States.

The USS America has sprung a leak and the fed is fixing it with a sledge hammer and dynamite. Abandon Ship!

[healthhavencom]

If the dollar index does start to nose dive, Schiff will likely be thee featured guest on every show on every channel.

[EdMan2012]

if the dollar index collapses, they should give Peter Schiff his own show on CNBC, FOX, or CNN.

If Schiff is right, the moment will be bittersweet because it will suck for the dollar to hit the crapper, but at least people will start to listen to the idea of sound money.

[BlueEagle8]

You can't look at the dollar index, because it is all relative. The index looks at the FRN (aka dollar) as it relates to other fiat currencies, namely the Euro. They are all going down, just at different speeds. You need to look at the Gold/FRN ratio or FRN/food ratio. That determines the strength of the FRN.

[madmike1776]

Peter said it and of course to media its taboo to say on air.  "ITS THE FED"

[judoyodan]

Kudlow is such a nimrod.

[Intervene]

"Everything is going to hell Larry" hahahaha

The general agreement once again is that the Government should not interfere, and the guy mentioned investing in gold towards the end.

What Schiff has said time and time again.

[nghlmd]

where is Mike Norman, missing in action quite awhile, he's screwed........

[bigginmon]

Hahaha Mike Norman!  Good one! Where's Ben Stein?