Peter Schiff U.S. is In Worse Shape Than Europe

[Tomta20012]

what did he mean by disingenuous??? who was disingenuous?

[rudemood2011]

I love FBN at 1pm eastern. It's Melissa Francis and another banging hot brunette. I just LOVE that. No freaking dudes. I don't like dude and don't want to look at them. Thank you FBN!!!!!!!!

[Airmanf7]

Fire that interviewer.

[highandwired]

Peter Schiff is right on.

[ItsAllAboutGuitar]

They get the stupidest people to host these shows.

[aviomaster]

Ron Paul is not going to WIN cause Americans are dumb imbeciles. IN Imperialist run USA only thing to say is GOD Bless Russian nuclear strockpile.

[1776SonofLiberty]

"The Federal Reserve, back in 2008 were clueless"...is this new guy serious? Are you freakin' kiddin' me! The Federal Reserve knows exactly what they're doing. They are and have been stealing from the American People since it was created in 1913 (of course with the help of the "black hand of extortion"-the IRS)

We are done here...everybody needs to get their own house in order and prepare for the coming economic storm, because "we ain't seen nothing yet baby"! But it's coming on fast now.

[mach1734]

When will Schiff get a little respect? This interview mirrors his 2005-2007 interviews with the main stream media. You would start to think that the second time around, they would listen but this just proves why the main stream media is loosing viewers.

[elitistnot]

America is SO FUCKED it is almost unbelievable.

[jefferson17399]

Who is this baby face punk trying to tell Schiff? Schiff knows his stuff. This punk on fox is a joke!

[tranceemerson]

That's right FOX, bend over and take it from the Austrian economists who actually know how it works.

[whatthef0911]

We are f#%*ed...... Such as it is....

[legends25]

Bottom line is the host lacks basic math skills. Borrow more debt and print more money equals high inflation if not hyper inflation. Translation - Americans are going to be squeezed and are going to starve. Hope everyone is prepared.

[TheGreyblood]

Please Mista Schiff... Tell me the exact time and date this event will take place. I need to prepare, yo.

[winner502]

@TheGreyblood

its happening know yo

[mach1734]

@TheGreyblood : No one really knows. It could be 6 months or 6 years. Just do your best to prepare you and your family.

[btbanta]

Ron Paul was telling them all 2000-04 well before the calapse in 08. Instead the morons in SC primary, will give it to one of the scumbags who made it happen than Gingrich took another payoff to bail out the banks who paid him to look the other way. They(banks) caused it! Ron Paul knew it, spoke it right away. We didn't stop these banks, and probably won't, tell we can't afford the ammo to shootem. Peter Schiff rocks!

[coolwise1]

Either they are clueless or just telling everyone else just to be clueless.

[TheTrieye]

wow



[95TBake]

Ron Paul 2012!

[Linoran1985]

Fox you're supposed to be media...stfu and listen to what he has to say

[daweil]

The financial collapse of 08 was engineered. The government knew about. The congress had a closed door meeting about the collapse in early 07. Of course the bankers and government kept it from the people. Jay-Z even sang about it. Of course this was just a part of the bigger plan.

[whittonmatt]

this anchor is a tool..but what do you expect from fox???

[autismtreatedcured]

I love Peter. He's always so cheerful and uplifting. He has such a positive outlook.

[MayonR]

@autismtreatedcured I love it that he is honest and doesn't sugar coat the truth like the false optimists out there who just tell us what we would like to hear.

[AFRIKTODAY]

Successful entrepreneurs are able to properly anticipate the future; and the most important quality of a Nation's leadership is to guide the people toward the proper course of human evolution. Right our leadership is not been very entrepreneurial, they do not seem to understand the causes of our crisis and its repercussion in the future. This is a recipe for disasters. Men like Schiff are sounding the alarm but very few are willing to listen!

[yakyakyak69]

It is the media host's JOB to ask counter questions so answers can be given by the guest.

The OPPOSITE happens on the other "mainstream news" programs becasue they are so busy fawning over their "progressive" authoritarian guests, that NO hard questions are asked and NO real answers given.

When no REAL counter-questions are posed, only propaganda results.

[mauibrad]

Fox anchor is an idiot.

[funfsinn14]

Add these clips to the next "Peter Schiff Was Right" video that'll be needed later this year....

[mtgsean]

Shiffy is the man... that is all.

[DuvallSilver]

Nobama has a plan.. its called world control and bow down to the king!

[DuvallSilver]

hi peter, can where can i get a 1 trillion dollar loan? ok, i ll settle for 300,000 g's

[rongermanjr]

LOL!!! "didn't see it coming"??? BS

[dmger14]

This guy believes we're better off because Europeans are sending money here. They're only doing so because they are forced to deal with their debt problem now since Germany knows what happens when entities print money - Wiemar. We are only able to kick the can down the road, but things will be much worse as a result. The old saying is true, a stitch in time saves nine. Europe is forced to deal with the issue before the tear gets too big. We are not, so will have a gaping hole to deal with.

[stoneeh]

@dmger14 europe sending money to the US? huh? sorry but it's the other way round, heard of the swap lines the fed made available recently?

[dmger14]

@stoneeh

I'm talking about private capital fleeing the Euro, partly why our interest rates are so low.  The other reason, of course, is the fed is a buyer but I have been reading articles about investments flowing into the US. Yes, the fed has opened swap lines but that is an emergency measure to sure up the Euro, not the money of investors in the European nations who want to preserve their wealth.

[stoneeh]

@dmger14 i hope it isnt so, lol. their money will be even way less safe in the US than it would be here in europe

[Believerification]

Ron Paul: President

Peter Schiff: Treasury Secretary

Judge Napolitano: Attorney General

Alex Jones: Director of the CIA

[InTheSticks0001]

A talking head with zero creditability in comparison to his guest.

[TWSceptic]

LOL another Nobel Prize keynesian in todays paper saying Europe is doing to much saving and this will destroy the euro and Europe. How backwards are these people and who is giving them the prizes when they don't understand basic economics?

Like saving is a bad thing, he's saying when debt is high we need to spend more money, when debt is low we need to save more. It's like their brains are infected with keynesian bullshit and can't think logically anymore.

[TheTiffanator1]

Why even have guests on if you won't let them talk?

[billyjoebobway]

Im so tired of the dickheads at fox and cnbc....they are the dumbest people in the world...you want to make money? Do the 180 of what fox/cnbc say to do.....!

[Idonthavetheherps]

Everytime this guy goes on TV, the "newscasters" just rip on him and basically call him an idiot. Not sure why Peter gives Fox "News" the time of day.

[cbradsvideos]

Just print more money. Why not? As long as people around the world except it, we might as well print more of it while we still have the chance.

[StyngRay1]

Well the rosy scenario prior to 08 was peddled by the FAUX BIZ BOTS too who thought Schiff was some madman from Mars. He might be right again in this interest rate scenario.

[303wilson]

Wake up people!! $15 T

[acotytamwiesz]

@303wilson who cares.. it's the problem of debt holders and debt currency owners, not of debt issuers, in case they can print whatever they like

[BrianVeritasAequitas]

This will be ANOTHER great prediction by Peter Schiff (and Ron Paul) in a year. "How did you know?", they'll say stupidly again. It is now predictable what is going to happen, and this time, MILLIONS see it as predictable except for the main stream media pretending not to see it coming at all. WAKE UP YOUR FAMILY and friends and warn them of ROUGH times to come. Get PREPARED people! And vote for Ron Paul if you want to really attempt to change things for the better. Ron Paul 2012.

[winner502]

@BrianVeritasAequitas

its really hard most americans wont wake up until thier pensions are gone and all the homes are in foreclouser and they are starveing .tLdm.org

[frontier1701]

LMAO... Fox Business is just as CLUELESS as CNBC....

[treysparker]

@frontier1701 God I know. Left wing media, right wing media, neither of them have a clue.

[sdfkjllshadflhadfshl]

Just pay them back with Obama money, it don't cost nothing.

[HachiZenki]

As usual all the talking heads in the media are clueless.

[sssshogan]

Mr. Host, it's okay to be a fool. You foot the bill perfectly. But must you be a boorish fool? You invite someone on who has forgotten more than you'll ever know about economics and you interrupt him repeatedly. STFU and learn something.

[QuantumCanadian]

This dumbfuck of a host has`nt a clue about economics.Leave it to Shiff to tell that bozo how it is.Bernanke is just doing what the playbook says.Another bought and paid for minion...How sad.

[waypastprime]

Why does shiff waste his time talking to jesters and fools? He puts himself in weird places and on the defense for no good reason.

[QuantumCanadian]

@waypastprime I agree...to a point...but the reason he does it is...There are still A LOT of uneducated people out there.At least he has the balls to come on T.V and tell it like it is.I admire his morals,intelligence and tenacity.

[waypastprime]

@QuantumCanadian I know WHY he does it, but this interview is blatantly trying to discredit him, even the moronic interviewer doesn't have the class. knowledge or intelligence to go head to head with Shiff... I find human traits quirky sometimes. The interviewer is an ass, but his wife, children and mom knows this already.....

[vonredbird]

hey look! another financially uneducated reporter!! poor fella... think he has gold or silver?

[waypastprime]

@vonredbird Probably no Silver or Gold. Obviously a few 1500 dollar suits.... but if the SHTF he is dead in about 7 seconds....

[jrflyerfpv]

"It's obvious it's a lot of money, 15 trillion dollars, but..." - Do Ya THINK?!

[dlmaniac]

This is a classical drugholic dead end. Govt and Fed themselves know it's not gonna end well but they still cannot stop giving themselves another dose of mega debt.

God bless USA.

[justgetsome]

Shut up and let the man speak. You bring a guy like Peter on and then cut him off.

[MRSketch09]

I just got to the middle of Ayn Rands Atlas shrugged, and it hit me like a ton of bricks why producing is SO important. I knew it was important, but..I didn't understand or comprehend how important and then it was like *BAM* and I was like OMFG! were screwed!

A lot of the policies, from observation, not by knowing them by heart have obviously slowly rotted this country pretty bad so far. And its only going to continue.

[TimothyADonaghue]

Congrats - understanding the value of production is CRUCIAL to understanding how an economy grows, and declines. I'm not patronizing you, I'm being serious - congrats. @MRSketch09

[Jazzper79]

@MRSketch09 If you are reading Atlas Shrugged, then you must be a smart guy!

[IronicallyVague]

You know if you place your finger between your open lips and jerk it up and down while humming it makes a fun engine noise..

[Unkn0wnGuy]

Is the host that fucking stupid? This is finance 101.

[capucchan8]

come on Peter Obama and Geitner are in charge, what could possibly go wrong?

[tomperanteau]

I just can't figure out how these commentators can respond so moronically to Schiff's logic. Where do they dig these rude idiots up?

[jjenson2006]

Obama wants to raise the gold price ceiling.

[pretorious700]

@jjenson2006 there is no "gold price ceiling", only a dollar price floor

[jjenson2006]

@pretorious700 I take it you didn't get the joke.

[taxigringo]

Show biz: The interviewer plays the dope which he might actually be; Schiff gets his air time; the viewer wonders if he should be watching videos on home brewing. Even so, I like the Schiff videos because they remind me of reality. A 60 billion trade deficit for one month fell on me like a bomb. The disease progresses at an accelerating rate.

Seriously, Schiff dropped some facts that should wake up the sick, sleeping giant but no such luck.

[Zurnmusic]

I love peter he never shuts up. Hey does a played a little game. He just keeps talking and making his point he's great

[daviddalbylive]

A wise man once said ... Spend 99 cents out of every dollar is BLISS.

[melodicdreamer72]

I have to give credit to Bob and Tom's morning show for this one...most of their stuff is only funny for those living in a can somewhere in the studio, but...The average person, if confronted with their septic tank overflowing into their house, would begin to pump it out sometime before it got over their heads. Obama on the other hand would just raise the ceiling a few feet...The truth is we are in some pretty deep sh!T

[ForcedAgenda]

I'm always amazed at how these hosts ask questions, but never let the guest expound and answer...friggin' newz , media, trolls.

[mikedoles]

@ForcedAgenda the hosts a fuckin dildo

[stevesurv]

@mikedoles Dildo Nutbaggins

[kalkeikuu]

It's gonna get worse guys. Hey it's 2012. We were warned.

[roseagain2]

Can the media really be that ignorant about Bernanke and the Fed??? At least they are acknowledging now who was right and who was wrong.

[mjhonsun]

After all that grand-standing and false bravado, "Well, the '06 quote we put up from Bernanke does look kind of silly, uh, such as it is...". I think what you meant to say was, "You are right; I am wrong. I'm sorry."

[wolfengheist]

To be fair, Dean Baker a Keynesian economist saw the housing collapse before hand also. Just goes to show that any fool with a reasonable grasp on economics could have saw this coming.

[indignant99]

@wolfengheist "could have saw" ARE YOU FOR REAL, GRAMMAR IDIOT?

[wolfengheist]

Do you want to be a You Tube Grammer Nazis or address my point?

[CurtHowland]

@mikailmari Not good, but it will happen. A "strongman" dictator, a-la Germany 1930s, would continue the American Empire, but it would hasten the destruction of the USA itself.

I can't afford to buy gold, and the US is in so much debt that what little gold is left is all owed to others if there isn't an outright repudiation of the debt.

I expect a repudiation, and a breakup of the Empire into more rational regional polities. Maybe some city-states, like NH or SanFran.

[robert4you]

4:01 "The 06 quote we put up there for Bernanke does look kind of silly in hindsight..." Peter's reaction after that... LOL! FOX News is a big joke.

[truefictions]

Nice job Mr. Schiff.

[UncommonThinker]

The only mistake Peter is making is that he isn't taking into account just how unstable European countries are politically.

[TWSceptic]

@UncommonThinker Only some of them. In the worst case scenario they can drop out of the EU and healthy countries can continue. With the US it's all or nothing. US = house of cards. Many empires have fallen, US is not immune for this.

[CurtHowland]

@mikailmari I think the Europeans are buying dollars. That's why Silver and Gold are as low as they are.

[1kings1918]

If these guys asking the questions would shut up for a moment, they might learn something.

OK, it was just a figure of speech and being hopeful. No they wouldn't.

[Riddlerx333x]

i think bernanke knew what was coming, they engineered it.

[TWSceptic]

@Riddlerx333x I have a hard time believing that, it would mean Bernanke and his friends actually has personal gain from changes he causes, that would be so incredible evil that he would be without any conscience whatsoever. Not impossible, but I tend to believe he is probably ignorant of the results of his policy instead of completely evil.

If you are right then the whole fed is a criminal organization and everyone in it would need to be in on it. I just don't see that as being the reality.

[vambo13257]

@TWSceptic the fed is a criminal organzation in the sense that it commits crimes against the people.

[kirbz01]

@TWSceptic they are criminals. plain and simple.

[pretorious700]

@TWSceptic The policies of the fed are purely in the pursuit of continuing the sham that the US dollar has real value-inflating assets by suppressing interest rates, and "buying" bonds when there are no other buyers. All money is debt now, there is no "real" value to any of it.

[TWSceptic]

@pretorious700 Yes, but there's a difference between that and being evil on purpose for you OWN gain not to help anyone else. If they do all this for their own personal gain then they are nothing but criminals and need to be prosecuted.

[kirbz01]

@Riddlerx333x exactly, they're trolling the world wide economy

[Truthpolice9698]

@Riddlerx333x Greenspan saw the S&L bubble and NASDAQ bubble, and even predicted the NASDAQ bubble with his December 1997 "irrational exuberance" speech, but could not see the housing bubble, bull crap.

Any decent banker who does not have their head in their ass can see these things. We have trained generations of business people with what amounts to propaganda in our colleges and we wonder why they have bad business practices. We need to remove all Keynesian economics from college text books

[AntixSchiTTxreport]

@Riddlerx333x he has even said the dollar is over valued, and that needs to be fixed

[asteroidminer]

@Riddlerx333x yep - Bernanke is either totally stupid OR a liar. Neither should be chairman of the Federal Reserve especially when you see Ron Paul warning of the problems 5 years earlier.

[garrethdavis]

@Riddlerx333x I agree.

[dennist3hmenace]

@Riddlerx333x Never attribute to malice, what can be attributed to stupidity.

[TheGoldCompany]

@Riddlerx333x 100% right!! this never just happened.

[mirabilo]

Common sense

[JP5466]

That host is a fucking idiot. How can anyone person who is aware/awake take these financial networks seriously? That's the same guy who licks Imus' balls when he's on his show.

[TiredOldFart]

@JP5466 I thought I recognized him from somewhere!

[TiredOldFart]

Bernanke knew what was coming. He helped plan it.

[sarasotafl]

Pete Is the MAN preaching the truth like Jesus did

[campeona5]

DEBT junkies!! But can you really see interest rates rising?? Looks like they prefer the currency/99% slaughter!

[saldanamoreno]

Some people just don't learn..... 2006 is when I made a BIG change in my life and how I looked at fiat currency and the Federal reserve. I actually bought gold and started saving my money and paying down my debt. all while the fed is telling everybody that everything is fine. What a bunch of IDIOTS!!! Now I am experiencing economic security like I never have before all while most people are standing on line for government cheese for the first time in there life!!! It's not too late wake up!

[capitalistsamurai]

Out of the European frying pan and into the American fire!

[acotytamwiesz]

as for the numbers, there is no denying US debt to GDP is bad. But I disagree with Peter, because:1) there is 1 government in the US, and decision making is much simpler than in EU 2) people's mentality - some americans STILL know it used to be 'land of the free' - in EU no one remembers 3) devilish huge EU administration - you cannot imagine how big it is and how it destroys economy by innefective, immoral, totally corrupt 'redistribution' of wealth