All the name calling and laughing, ha ha fucking ha ha, and you wonder why these networks don't replay predictions? Down markets don't line CNBC's pockets. Peter Schiff rocks, he was right, the network hacks who think they're all so brainy and smart were wrong, but you'll never hear that. And these are the same people telling you we'll get out of this with Obombers "stimulus" democrat-vote-payback welcome-to-socialism bill! Don't believe them! Trust no one!
People not watching youtube must have been thinking that he was a big joke and not to be taken seriously.....
FED IS BUYING TIME TO SAVE ALL THE BILLIONAIRES AND LET YOU ALL GO BANKRUPT OVER 2 YEARS....
BUT I THINK IT'S TOO LATENOW ....
ASSET COMMODITIES LIK GOLD, SILVER, OIL ARE ALL FALLING SUGGESTING DEFLATIONARY ECONOMY...GO FOR FOOD COMMODITIES FOR SHORT TERM AND KEEP LOTS OF CASH FOR EMERGGENCY SAKE....BUT BE WARNED:NOTHING'S SAFE ANYMORE
Dude it is one week, that's not a trend. Thats over sold (over purchased for the dollar).
A contraction of the money supply would move wealth to dollar holders. That is mostly foreigners. Inflation transfers the wealth to the people purchased stuff with the dollar from the people who accepted the dollar for payment. So what do think the Fed will do?
Schiff was spot on with several macro pieces here, including the gold price being held down as hedge funds sold gold to get cash for needed liquidity, and the market awaited an understanding of how many helicopters would be put in the air.
Perhaps CNBC could do the follow-up interview with Schiff from the wheat or soybean pits, as Schiff suggests at 3:47?
I don't understand. He says gold is "falling." I am no economist but gold is thru the roof. $1020.00 an ounce... That's falling? When was this recorded 1984? How was gold $750.00 this time last year and $1020.00 today falling? Is their some big economist secret or trigonometry equation to make a $300.00 an ounce increase in less than 12 months falling?
I must have missed the first few seconds. Sometimes my volume is muted when I cue up a vid. Thanks for the condescending comment anyway though... Guess I am not paying enough attention to my volume mute...
lol rick santelli bradcasts from the pits!
fuckoff187 6 months ago
All the name calling and laughing, ha ha fucking ha ha, and you wonder why these networks don't replay predictions? Down markets don't line CNBC's pockets. Peter Schiff rocks, he was right, the network hacks who think they're all so brainy and smart were wrong, but you'll never hear that. And these are the same people telling you we'll get out of this with Obombers "stimulus" democrat-vote-payback welcome-to-socialism bill! Don't believe them! Trust no one!
BamaKattt 3 years ago
People not watching youtube must have been thinking that he was a big joke and not to be taken seriously.....
FED IS BUYING TIME TO SAVE ALL THE BILLIONAIRES AND LET YOU ALL GO BANKRUPT OVER 2 YEARS....
BUT I THINK IT'S TOO LATENOW ....
ASSET COMMODITIES LIK GOLD, SILVER, OIL ARE ALL FALLING SUGGESTING DEFLATIONARY ECONOMY...GO FOR FOOD COMMODITIES FOR SHORT TERM AND KEEP LOTS OF CASH FOR EMERGGENCY SAKE....BUT BE WARNED:NOTHING'S SAFE ANYMORE
madhuradi 4 years ago
Dude it is one week, that's not a trend. Thats over sold (over purchased for the dollar).
A contraction of the money supply would move wealth to dollar holders. That is mostly foreigners. Inflation transfers the wealth to the people purchased stuff with the dollar from the people who accepted the dollar for payment. So what do think the Fed will do?
davincij15 3 years ago
you listen to the latest interview on 18-3-2008 and you can see that peter has been saying the same thing over 2 years....
And nobody listened to him....
the media is also run by 'BIG FINANCIAL COMPANIES' remember.....
Its so revolting ,nauseating when you see people laughing at Peter on the shows on FOX,CNBC.....
madhuradi 4 years ago
Schiff was spot on with several macro pieces here, including the gold price being held down as hedge funds sold gold to get cash for needed liquidity, and the market awaited an understanding of how many helicopters would be put in the air.
Perhaps CNBC could do the follow-up interview with Schiff from the wheat or soybean pits, as Schiff suggests at 3:47?
Nice post!
ewetubular 4 years ago
AMAZING! He was constantly ridiculed.
You have to be a man of your words to survive that level of pressure.
Do you hear me? You CNBC jackasses!!
jackzaf 4 years ago
This is a broadcast from 6/12/2006, not 2008. You must have missed the first few seconds.
principles101 4 years ago
I don't understand. He says gold is "falling." I am no economist but gold is thru the roof. $1020.00 an ounce... That's falling? When was this recorded 1984? How was gold $750.00 this time last year and $1020.00 today falling? Is their some big economist secret or trigonometry equation to make a $300.00 an ounce increase in less than 12 months falling?
rodneykingman 4 years ago
Learn to pay attention man, this video was from 2006. It only goes to show you how Peter Schiff has been right about the bubble economy.
bolo34lx 4 years ago 6
I must have missed the first few seconds. Sometimes my volume is muted when I cue up a vid. Thanks for the condescending comment anyway though... Guess I am not paying enough attention to my volume mute...
rodneykingman 4 years ago 2
Ah ha.. Now I see the opening sequence... Sorry folks...
rodneykingman 4 years ago
Take that, naysayers!
Schiff is always right on the money. Pun intended.
sonofaglitch2 4 years ago 3
Yeaah this is really great! Stick with Peter's Schiff advices and you will make money!
Peter Schiff is ORACLE :)!
Dr Oracle!
Listen also Jim Rogers and Marc Faber. These are my favourite investors!
SolitonPL 4 years ago 3