Peter Schiff Responds to Critics on Fox Business 02-02-09

[Manchin2be]

Discount Peter Schiff...lol, try that today, look at the mainstream media own by the very ones.

The Democrats and the Republicans are the two wings of the same bird of prey, that is feasting upon the constitution, and the American people.

--> Pat Buchanan

[panleh75]

Nice try on Peter but they only show me that they dont know what the heck they are talking about..

[specialks1953]

I wouldn't want to see Peter become a Senator because he would only be a lone voice in a sea of idiots. Look at Ron Paul, he is another lone voice in a sea of idiots. I think Ron Paul is a good mostly honest man with good mostly honest intentions. I also think some of his positions are just a little on the nutcase side. Please don't contact me defending Ron Paul or Peter Schiff. You do not need to & It will do no good because I don't want to hear it. I am not asking you to change your mind.

[Dannyboy8155]

You've made no point ohter than the fact that the other people are idiots. Why would this need to be defended? It's true.. what the hell is your point?

[specialks1953]

Dannyboy8155, almost any time I state anything negative about Ron Paul I get called names and have gotten a bunch of responses about how great he is and does no wrong and that I should not say anything negative about him.

Since you did not understand what someone would defend, it must not apply to you.

That is what the hell my point is.

I hope you figured out the first paragraph but if you didn't, sorry about that.

I thought all of it was very self explanatory.

[Dannyboy8155]

Listen, you nitwit. I understood everything you said. You make comments on a board where it warrants comments and then you tell people not to comment. Furthermore, look at your statement. "I wouldn't want to see Peter become a Senator because he would only be a lone voice in a sea of idiots." MY point was that is an INSUFFICIENT reason for someone not to become a Senator. Your post is just overall deplorable and annoying. My response has nothing to do with Ron Paul, but moreso your stupidity.

[specialks1953]

Dannyboy8155, seems you, not me are the nitwit. I did not say not to comment about my post. I wrote "Please don't contact me". So Mr Nitwit, it means what it says, I do not want people to Contact Me through the private message system. Sorry you still cant comprehend my point. It's a shame people like you have a computer but you can't even understand simple comments. Keep reading it, some day your simple mind may figure it out. If not, I really don't care & wont waste my time on you more.

[Dannyboy8155]

Your tyrades are humorous. You post on an open forum available to millions of people with a point that doesn't really get at anything. You have to start somewhere, be it one lone voice. Then, you proceed to tell people not to contact you because you don't care what they say and you won't change your mind. My point is, why post on this forum available to so many people, then? You're obviously looking to be heard, but you don't want to hear anybody. Keep it to yourself then. Nitwit.

[specialks1953]

To be more clear for those who may have a hard time understand the gist of my post above, I will add a word to the first sentence.

I wouldn't want to see Peter become a Senator because he would only be a lone INTELLIGENT voice in a sea of idiots.

[marxbitesall]

Ron Paul and the Austrian economists that called the wars and the Great Depression 100% correctly from the militarism only fiat currencies enables are daily being vindicated in spades.

The Austrians saw Keynes as the establishment apologist/enabler his fraudulent policies and mock economics he was. Power's best cheerleader who knew Lenin saw inflationary fiat and progressive taxes were the best millstones to grind down the productive class into servitude to the common evil zombie collectivism

[marxbitesall]

There are 2 ways to acquire wealth

The free uncoerced market way of mutual exchange.

And the immoral illegal political way, of the parasite who uses govt to live off the production of others while producing nothing, & worse

King of waste & corruption - the USGov creates NOTHING & gives nothing not FIRST STOLEN from others

Any govt that eats more than 10% of our incomes, who's ONLY job it is to protect, should be abolished for costing magnitudes more than it's "protections" worth

[abcinstaller]

Imagine a strong athlete that has injured their knees. And instead of the coach pulling them out so they can heal, he gives them a pain killer so he can keep playing.

Toby is saying, invest money in the person when they're preforming well and retract it when they shows signs of pain.

Peter's overall point is, no matter your short term flip-flop strategy, the person will eventually get to a point where they can no longer play - regardless of all other factors - because the injuries never heal.

[experimentsingeekdom]

Why do they even invite Toby Smith a.k.a. MORON. He has been dead WRONG everytime and on everything. He must be providing sexual favors to the people at Fox.

[maypmayo]

Schiff is good in macroeconomics & PR but for broker.. he is just not sound, the drawdown is just dreadful.

[hellsunicorn]

@presidents04 - I've voted down all of your posts and I will tell you why in a few short sentences. If you bought short-term with the expectation of fast money without taking into account Schiff's principle advice, you are essentially no different than a person that loses his shirt at a horse race, and you have the same complaining rights as a result. Short term buying and selling is gambling, it might be legal in all 50 states, but it is what it is.

[hellsunicorn]

If you, at any time, believed Schiff to be a tea leaf reader or tarot card guru (which he has never put himself forward as) and invested money without getting a second opinion, you don't get my sympathy. Money easy made is money easily lost.

[presidents04]

You aren't responding to what I wrote - I am not complaining about the lower current value of my portfolio, but I am complaining about the dividends being eroded. Peter has said time and again - even through the fall when EuroPacific accounts were tanking that 'the dividends were still being paid in full'.

And now he's trying to say that these dividends are still rock solid. But they aren't.

That is my point.

He is lying.

[starclassics]

sorry, he's not.

take it from an employee.

[presidents04]

And I have *not* sold, so I have not "lost" any money technically.

But I did have enough money invested in foreign stocks that Peter recommended - that *the cumulative dividend yield I was receiving on this basket of roughly 30 different stocks would have provided me enough income to retire RIGHT NOW*, had they (dividends) just stayed consistently flat and not been gutted.

So RIGHT NOW, as I still am working and still need my job, my life *RIGHT NOW* is worse for following Peter's advice.

[presidents04]

To whomever is giving me the ol 'thumbs down', why don't you just respond to what I've wrote with *facts* that prove me wrong.

You can't. These dividends are shrivelling up at lightning speed, and I have the proof on my Euro Pacific statements.

It amazes me how so many fans of Ron Paul & Peter Schiff are always railing against 'the system', and 'all the lies of the msm', and how they have a 'passion for truth'.....and then they won't even acknowledge the truth when it doesn't suit them.

[lostinthemix]

Investing is a risk you take regardless of who you invest with, my wife stopped contributing to her 403 2yrs ago and in that 2yrs it lost 60% of it's value, we've done the best we could as far as diversifying since then but it's a lost cause as far as im concerned now we have silver and some gold IN our hands and we feel somewhat better, this is just the tip of the iceberg, the worst is yet to come, hang on tight it's going to be a rough ride. peace Norm

[Lucky7wins]

Those idiots that "lost" their money don't understand Peter's strategy. He buys and holds, and invest for the long term, not what happens in the next few months.

[presidents04]

Huge dividends Peter?

A few of your stocks are still paying out the same dividends as when they were 50-70% higher, but many if not most of your stocks have slashed their dividends anywhere from 50-100%! I know, because I am a Euro Pacific client. Peter, you aren't being forthright about this - Asman and Toby Smith only scratched the surface in *fairly* confronting & challenging you on the fact that many of these dividends are being wiped out!

[BlueSkies360]

Don't like the news? Shoot the messanger :)

[AiresQX4]

They got Peter colored green to try and help discredit him!

[presidents04]

Not true.

I have been in Peter's office in Darien Connecticut. That green "EuroPacific Capital" backdrop is his own - I have seen it with my own two eyes. He chooses to stand in front of that 'colored green' background, which he himself possesses.