12/29/2008 Part 1/2 Peter Schiff: The New Year And New Optimism

[rmccay88]

I can't believe the manner in which the host introduced Peter:

"He is NOT one of those highly optimistic folks, but we invited him to join us anyway, at least for some counterpoints."

WTF? That's like something you would say to a poor peasant who hasn't passed grade school yet, not to aman who's been warning us of these problems for over half a decade now.

[TedCikowski]

who is the female host in this video?

[rmccay88]

@TedCikowski

Her name is Rebecca Jarvis, she was on Trumps show before she joined CNBC but she left the network now to do something with CBS.

[madridisinSpain]

I think the US economy will get out of recession in nominal terms. With GDP rising because of all the 700bn plan, but after that the inflation + devaluation of the dollar will get to the REAL depression. Anyway, in the meantime in 2009 the is a chance to make profits on the stockmarkets before the collapse

[achalmers]

Oh...I see. You invited Peter Schiff in spite of him being negative and for some "counterpoint." I don't know who the host of the show is, but he's a jerkoff, mainstream talking head. These guys have drunk (drank?) the kool-aid. Why anyone would listen to what the mainstream media has to say is beyond me.

[shockem22]

peter shiff is cool i like the way he makes me feel in my heart

[Jacobrester]

12 Ways Schiff Was Wrong in 2008 Wrong about hyperinflation Wrong about the dollar Wrong about commodities except for gold Wrong about foreign currencies except for the Yen Wrong about foreign equities Wrong in timing Wrong in risk management Wrong in buy and hold thesis Wrong on decoupling Wrong on China Wrong on US treasuries Wrong on interest rates, both foreign and domestic

[eatingworms]

Jacobrester, This is all a question of timing. If you want to argue more broadly that Peter Schiff is wrong, then address his thesis and its evidence. Fundamentally, how is he wrong? Fundamentally, in what scenario can the dollar NOT decline over the long term? Do you really think debt is irrelevant? Do you really think the relocation of manufacturing abroad doesn't matter?

Or are you just happy enough to argue that since things didn't explode in 2008, the US economy is okay after all?

[Jacobrester]

You are being suckered by alarmists who have already proven wrong on their initial predictions of dollar collapse.

The USA has problems, but so does the entire globe.

Is the entire globe's currencies going to crash ?

Using your assessment method you would have to 100% say that the EU, UK, all of Eastern and Central Europe, Russia, most of Latin America will have their currencies collapse.

Is that going to happen ?

[l33t187]

The reason why the dollar will crash is because of how much we are printing, the government is printing money out of thin air to pay for this stimulus plan, which in turn will make the dollar of the value just crash. You obviously don't have a good grasp of what Schiff or Paul is saying and the points they have made about WHY the dollar is going to crash.

[Jacobrester]

Almost every country in the world is printing massive amounts of money out of thin air.

Are all the cuurencies going to collapse ?

[l33t187]

Well yes if they all print money that lowers the value of each currency and if each country did that then it would cause inflation and each currency would drop. Do you not under stand that simple concept?

[Jacobrester]

How can the dollar collapse against the British Pound if the Pound is collapsing also ?

[l33t187]

They both can in the world market, if they both collapse then the exchange rate will stay the same, but inflation will still take place,. It will be like trading 1,000,000 dollars for 800,000 pound to buy a loaf of bread.

[eatingworms]

The pound is NOT one of the good currencies. Schiff's thesis is that MOST currencies will lose value, but some will lose value less quickly than the US $. But so far as I know he's not recommending that you buy pounds. More like the Australian dollar, the Swiss Franc, and the Canadian dollar. Britain is in worse shape than the USA long-term.

[Jacobrester]

Contrary to popular belief, most countries are in WORSE shape than the USA on a long-term basis.

[ironflesh]

Every dollar that is being printed is with debt. So even IF the businesses make money, those dollars had to be printed, and they are printed with debt THAT debt also has to be paid, next to the original debt made to create those businesses. Its a vicious cycle. And if those businesses do miraculously make "money out of thin air" like the banks themselfs the money in circulation loses its strenght aka inflation, which is not a answer to debt. The debts cant be paid in the long run only shortterm

[sderenzi]

Hey!!! Someone actually gives him the credit he deserves when they say "you've been so right on so many things" :D FinallY!!!!

[reYKCuf]

The truth is out there.

[steviesmooth]

2012!!! just look at the times verry verry bad

[steviesmooth]

obama will save us....FAIL!!! sorry ppl in your 40sand 50s WAKE YOUR OLD SCHOOL ASSES UP!!!!!!! ITS THE END OF ALL YOUR HOUSES AND U WILL STARVE IF YOU DONT WAKE NOW

[pretorious700]

"Peter Schiff is not optimistic, but we've invited him anyway"

That comment speaks volumes about the credibility of this broadcat.

[Catastrophic2009]

Buy Pot Noodles!!

[MMAGRO1]

buy gold and land

[walsmj]

Don't forget bullets...

[sunnfun]

Peter is amongst MORONS.

[ironflesh]

"We need more debt" LOL. wtf is going on here? How can people who advocate more debt as a solution actually get airtime? I mean do we even have the same meaning of debt? Coz to me debt is a negative thing. Also privatizing goverment debtis good? LOL, good for goverment maybe. Normally you would laugh about this humor, but now its kinda sad.

[Repomex01]

"How can people who advocate more debt as a solution actually get airtime? I mean do we even have the same meaning of debt?" Easy their employers are owned by the ELITE who orchestraded this economic collapse "THEY" do this to buy up everything cheap at the end.

[caltrop69]

Debt used as leverage is good. The goal, of course, being to borrow money to make MORE money by creating business. That's not what the government is advocating, though. Those in charge want you to go out and spend borrowed money on non-investment consumable goods, so they can use the increased GDP figures politically. GDP is a useless measure for a consumer debt driven economy.

[ironflesh]

I disagree with you, but to prove my point would be too much to type. I do however agree with everything you say starting from "Those in charge..." But debt as leverage is still not good I understand what you're trying to say, but its a common misconception.

[SilencerRPMs]

I think what caltrop is trying to say is we should borrow to build then eventually pay it back.

[caltrop69]

If I borrow money at 5%, invest it at 10%, and pay the money back, I've made 5% in profit via leverage. THIS is an appropriate use of debt, if you have enough owners equity to take the hit, should the asset go bad. I'd also like to point out that short-term loans make sense for seasonal businesses. Both of the above statements presume stable money, of course. When the money is unstable, all bets are off.

[myrelative]

that's exactly right, but besides the point. once you did this and your investment has gone bad (or you didn't invest at all but bought a new kitchen) the solution is NOT more debt.

the solution is to go bankrupt at let your creditor take over your assets so he can do something more productive with it than you did.

[caltrop69]

I agree in spirit.

I mentioned that you shouldn't even be making these kinds of bets, if you can't afford to lose them.

Of COURSE, if the equity you own in the business can't cover the debt, bankruptcy is the only other option.

But...I don't think you should "plan" for bankruptcy. You fail at assuming your business is a "going concern" if this is your plan.

Not that these sort of perverse things don't happen, when government intervention is involved.

[SilencerRPMs]

You are exactly right. We must use the money to actually build wealth not throw it away. Eventually we must pay that debt as we must pay it now.

[noraklagrangian]

who's that girl?

[dlmaniac]

Peter is da man.

[commonsense2008]

It's such a mess, and people don't seem to have a clue.

[wreagfe]

Wait... The grey guy admits he doesn't know, he hopes Peter isn't right and says Peter has been right for some time. At the same time he disagrees on some not determined points of historical interpretation of the 1930's while all along the way not showing any clue of economic fundamentals or knowledge whatsoever and above all mostly playing the emotional "we have to be optimistic card", because it will do some good beating reality... Crackpot fundamentalism, this is... and it's the mainstream!

[akshayshenoy21]

Is Peter Schiff related to the Schiff Banking Dynasty.If he is. then guys please don't believe him he is a Liar.

[UTubeEnforcer]

No, he's not. And even if he were, his track record speaks for itself.

[billsaintkilda]

He is no relation to Al Gore's son in law who is connected to the Schiff Banking Dynasty.

[wreagfe]

So what you're saying is: if one has no knowledge and/or moral standards for oneself and person X is part of a particular group which one has discerned with one's lack of knowledge and/or morals as bad, don't believe person X, because person X is a liar!

That's very informative, thank you. Your (prob. public) education has succeeded!

[limpbizkit818]

No, he is not.

[kickittome70]

No one listens to Peter - ergo - "we're fucked"

[fujikolover]

Peter is 'dead right', just he should not put a definite timeframe on anything. He was right years ago. These things take time to surface, but they eventually do.

[endlessgame]

fujikolover is right. Fed like to blow bubbles every where. the correction for the whole economy is being postpone by US Fed.

[omarm1984]

By the way did you guys know back in summer Peter said oil would be at $200 and gold at 1500 before 2009? And that the panic of 2008 was going to send inflation through the roof immediately because make countries wake up to our problems? So much for your "prophet".

[edingsteve1]

And what was he wrong about again? We all know that the price of oil is due to lower market demand and deleveraging in the stock markets who are been battered by numerous financial problems. The true market price of oil is around 200 and don't worry about that, I guess you can't wait for $6/gallon, you will be served! Just go to your store for inflation. Inflation is the wrong word for currency debasement. I mean, bern bernanke just hit us with 0% interest rate. You will get ur hyperinflation.

[Questfortruth86]

Okay, you should go watch Art Laffer's videos then, and leave us idiots alone.

[30percentplusreturns]

This guy says he hopes peter is wrong even though hes been right the whole time. Hahahahah. All these cnbc guys are all hacks. Peter is right on and its going to get so bad out there.

[omarm1984]

Why do you and other youtubers sound so excited about a financial collapse? Do you guys get a hard on from this or something?

[geezerbut]

It's not excited - it's informed. Best be it.

[mrbrunelle]

These guys agree with Peter, then they disagree. When will we have some real newscasters in this country who don't whore themselves to their Zionist pimps?

[WHEREtheFUNK]

econ 101... schiff is right its just that nobody wants to admit it. Anybody says that debt is "necessary" is a fraud and trying to cover his ass.

[AnonymousEconomist]

I should of said, hyperinflation has happened twice in US history. But, hyperinflation started with the advent of paper money, that is, in China around 900 AD. And, hyperinflation is always caused by government printing money.

[AnonymousEconomist]

Hyperinflation has happened twice before, once as a result of financing the revolution with paper and again with the Cconfederacy during the civil war with paper money again. Also, the term inflation was first coined in the US just prior to the civil war and meant sharpe increase in the money supply, that is, the currency was inflated. In modern terms, to qualify as hyperinflation, the price level must increase by at least 50% per month.

[PhotonDrive]

We have the WRONG ENERGY BASE! 4 WARS & RISING! HUGE TRANSFERS OF WEALTH that INFLATES EVERYTHING! Damn Detroit HAS TO STOP producing GAS CARS & TRUCKS: or we are heading for the CONCENTRATION CAMPS! It's THAT SIMPLE!

[PhotonDrive]

Horrible news! There is a CLAUSE in EVERY NEW MORGAGE & GAS-CAR LOAN, that the BORROWER CAN NO LONGER DECLARE BANKRUPTCY! Also, that this is TIED to the 3-million person "Prison-for-profit" complex going up now - that more-over Cheney is a major stock-holder in! SLAVE LABOR CAMPS IN US already include 7 million, now 3 million more? With cheap Fuel-Less Transport now invented there should be NO NEED FOR THIS! People: DO NOT TAKE OUT NEW LOANS FOR HOUSES OR GAS-CARS! Don't go to DEBT-PRISON!

[Toneyboy53]

Those of you who think that hyperinflation is an impossiblity here in the states need to realize it has happened here twice before. You just weren't alive when it happened. Chances are you couldn't tell me when it happened... which only shows that you aren't as educated on the subject as you pretend to be. Those of us (and there are many) who are preparing for hyperinflation will come out way ahead of those who don't prepare whether it happens or not. Go ahead...throw the dice...

[sinitskyd]

Why don't we let those pundits and intellectuals that bullshit fall on their swords after they are proven to be wrong?

[Civsuccess2]

Peter, where is the hyperinflation that you promised???

[leevi1234]

It's coming. You propbably think 100 billion Zimbabwe's dollars is a lot of money. But the value of money is of course in what you can buy with it. You can now buy an ounce of gold for about 880 American dollars. Before the 30's it was about 20 American dollars.

Just as capitalism replaced feudalism, capitalism itself will be displaced by communism, a stateless, classless society which emerges after a transitional period (now). Where the few owns and controls everything.

[TheFlex21]

hey but she's hot though

possibly the cutest face I've ever seen

[TheFlex21]

I'm trying to stay focused on the economy, but that chick is hot!

[jiggakilla666]

Peter Schiff is my jerk fantasy.

[jiggakilla666]

Rebecca Jarvis is my jerk fantasy.

[kungfujones1]

Peter Schiff Vox clamantis in deserto.

[a7green]

....... It's just logic, the more you have of something (U.S. dollar) the less it's worth. The ppl that want a "One World Currency" know how to collapse our economy.

[Fighting89Back]

Onw world currency is a great idea!!!

[leevi1234]

Yeah it is. If you own the printing pres.

[AnonymousEconomist]

The so-called economic experts on CNBC and Fox are, in fact, journalists, not economists.

[chelle099]

so true...

it's interesting that we forget that part....many of them attended Northwestern for Journalism and NOT an actual BUSINESS/ECONOMICS school

[Desnoxvu]

"BOOYAH!" - Pete Schiff

[madhuradi]

these baldies keep telling everyhting is fine till september ,now telling by 2nd half of 2009

they are very bad at marketing their stuff,

not now boys go home and spend your last holidays for years to come

[x7isrich]

thanks for being my schiff source man. PhilDeCarolis rocks!

[madhuradi]

china has 1.9T$ in surplus they are in much better shape if they spend it before the collapse

nominally dow will be at ~20000 and gold at 5000-10000 by 2010

Investing in select stocks will be OK but commodity prices will beat them all

go for PM's and food commodities

[IHateReligiousNuts]

The lady and the old man works for the NWO

[madhuradi]

spare them guys,think of their children.

let them read the prompter and stick to their jobs

[cevod123]

The problem with the govt is when we go into a depression they will not admit the were wrong but instead will say they waited to ong and we will see this again the next time we hit a bubble. These peopel feel that they are smarter than the market and thats the problem. Peter is the only one with the balls to call it as he sees it

[jokertim777]

"The worst is over," um... no, it's not in terms of the economy. However, if you consider the fact that Americans lived their lives cluelessly obeying what TV pundits told them as the worst, then yes the worst is over. People are beginning to be much more skeptical (a good thing). Also, if you believe that having Mr. Schiff being ridiculed on TV was the "worst," that too appears to be over, as he is now at least being presented as credible and other guests are afraid to mock him.

[FGTBOGSAT]

It's funny how socialists interpret the New Deal: government intervention is the solution to everything.  Idiots!

Peter Schiff rules again!

[PAYNE227]

Alan Greenspan predicted the housing bubble. Peter is just saying it loudly. The bailout helped in 1987 and could help this time. But there is going to have to be a lot of Gov. cuts, and a lot of production. What Peter is saying is correct,we need more production. We came out of a great depression and we can come out of this one. You got to know where Peter is coming from,over seas markets and gold. So what he is saying is tilted toward the overseas investments. Beware

[2TheDeath]

What a load of bullshit. The Dow will be worth 1 ounce of gold? So dow 5000 and 5000 an ounce?

please schiff you stupid fuck. go back to losing your client's money.

[TovChaver]

oh yeah he is really stupid you moron. He has been proven correct on predicting what we are facing now. He is the smartest guy and he deals in reality. Grow up and get an economic clue.

[MaverickCentricity]

Umm, what is the female talking about? From what I understand, the S&P 500 is capitalization weighted, not price weighted. The gold analogy only makes sense when you talk about a price weighted index, not other indexes adjusted for value. A major error on her part...

[tajlee1]

Vince Farrell was incorrect on his unemployment numbers. Unemployment peaked at more than 25% in 1933 thanks to President Hoover's interventionist policies. Unemployment hovered well above 20% after President Roosevelt launched the New Deal. Unemployment didn't drop substantially until 1935 - 1936, after the Supreme Court ruled several of Roosevelt's programs unconstitutional. Peter is right.

[Justbeatit999]

If you want to follow all of the videos of PETER SCHIFF, JIM ROGERS, MARC FABER and RON PAUL I just always go to financialtruth0.blogspot . com because they upload all the videos there. Anyway thanks for posting!

[Armando7654]

I didnt get what peter said about gold. Wasnt he saying lately, that gold will skyrocket from now on? But is he now saying that in 2009 & 10 gold will be going DOWN?

[CBound]

No, as one once of gold becomes worth more dollars and the DOW worth fewer, one ounce of gold will at last be able to 'buy' one share of the DOW.

It will take fewer and fewer ounces of gold to buy the DOW, thus greater and greater purchasing power for gold.

[Armando7654]

thanks dude!

[experimentsingeekdom]

Peter is awesome...the moronic b**ch is ranting abt S&P 500, Peter basically just tells her "Shut up. Screw S&P, we're gonna talk abt DOW b**ch." HAHAHA. Go Peter!

[MushroomCloud666]

I really hope there is still some optimism - I need to sell rest of my dollars.

[gutrp]

Now a days everyones letting peter talk..lol

They r actually listening to him instead of mocking

The host is like peter pls talk..lol

[experimentsingeekdom]

Absolutely, they listen cuz their 401k's are devastated and they wish if only they had listened to him earlier. The funny part is that even now they are in denial and are challenging him with their hair brained ideas and theories!

[jicima71]

ya I don't see any jack asses trying to bet him a penny anymore. I would LOVE LOVE LOVE to see that guy back on there against Peter again.

[x7isrich]

did you see art get called out on the bill maher show? it was pretty funny.

[usmc721]

They met again not even a week ago. You have to find it!

[jicima71]

If anyone has a link PLEASE please post it. I sure hope Peter handed him his ass or at least wore it like a hat!

[usmc721]

You have one when they met in October. Just in case you didn't see it.

-/watch?v=UCBS9tnIx6Y&feature=­related

this one was atleast a week ago.

-watch?v=P6RVklHQ-9k&feature=r­elated

[jicima71]

nice thanks!

[conservativefunds]

Love this stuff as scarry as it is. Got silver in the mail today.

[jicima71]

I HATE that bitch. She is a f-ing idiot. Why do they even bother having her on there?  Every time she opens her mouth I wonder who she blew to get that job.

[jbperez808]

Apparently not you, considering how cranky you seem to be... lol!

[TheFlex21]

those lucky bastards

[jspark311]

Thx for the post, Phil!!

[Tasadaru]

Problem = central banking, fractional reserve banking, military empire and big government

Solution = common sense, respect for liberty, respect for the Declaration of Independence and the Constitution of the United States. oh yeah, ron paul or jesse ventura for prez.

[psxwarrior]

As funny as it isn't at the end, lol.

[InTheSticks1881]

They refuse to accept that the Fed is at the heart of the problem.

[DennyDucet]

Those who did not use their ears to hear Schiff over the past 8 years are now pounding their faces against their repo'd fridge, sitting in a house they are about to be evicted from, as their stomach swells from hunger. Listen to Schiff and know that the dollar is collapsing. If you don't. Well who cares, be that guy then.

[Luphrecio]

Dumb rude bitch:"well im talking about the s&P 500 so imma interrupt you because I wanna feel important too"

Schiff: "Point taken and ignored, im talking about the dow so shut up and listen bitch!"

[HenryKnoxFineBooks]

"Happy New Year"-lol

[nikto2000]

There will be no recovery. Period. Dont hold your breath for one. The clowns running the government are idiots, and the bastards in the Media are spewing propaganda. Without decent jobs..people can not buy cars and houses. The huge mass of manufacturing jobs sent overseas..will result in a much lower standard of living. Americans were sold a bill of goods by the banksters. A lower standard of living, third world status, and hyperinflation is what is just around the corner.

[therealcaptobvious]

nikto2000, agreed 100%.

The American people were robbed. Obama isn't going to fix everything, or anything for that matter. It's probably going to get worse. Our government is the entire problem.

[BlueSkies360]

Thanks to you Peter I can't watch CNBC anymore :)...Keep exposing them. You are great.

[JackNeedles]

We have NEVER had this much money being pumped into the system before. This WILL cause MASSIVE inflation....runaway inflation Peter talking to those talking heads on CNBC reminds me of a teacher teaching a bunch of kids with ADD.

[OneEyedPony]

That OLD silver-hair guy doesn't have a clue. Stimulus has been the biggest waste of TAXPAYERS money!

CNBC Cheerleaders obviously answer to their advertisers... no one can be that stupid!

Ben Bernake, Hank Paulson, Sheila Blair and the rest of the Clinton Administration Money Minions will Destroy the economy, and blame it on everything but themselves. I'm sure it's all to lookout for their true Masters, the Banks! How the taxpayers gift; BofA, JP Morgan, Goldman Sachs, Wells Fargo?

FED SUX!

[wwwdotLPdotorg]

Good title!

[jvittetoe]

Lol funny question at the end.

[r7n7]

You know... I don't think it's within human capacity to understand all the complexities of our economic system. If Peter has been "so right" why not listen to him?

[rosewood223]

omg, she is very hot!!! she need to sell her douche to the arabs when the American economy is destroyed by Bernanke!!!

Imagine those arabs thrust their dicks in her hot hole!!!

[TheFlex21]

what's her name?

[maxwest333]

I think that's Michelle Caruso Cabrera....I'm thinking she probably has amazing legs, and probably wears some of those sultry skirts newswomen look great in these days.

[gaggOLF]

Let the fucking people who WORK run the economy, not the people who DON'T work (the government) run the economy.

[rosewood223]

age is wisdom. i agree with the old man!!!

[Jangaboo]

age is time, you could spend all your time staring at a wall doesn't make you wise

[marcosxag]

looks like larry Gaylow has the night off.thanks for uploading this video so fast phildecarr.

[rosewood223]

peter shld not be included in this interview because he is too pessimistic.

[ngjanhoi]

you think blind optimism would work? gimme a god damn break.

[rayyf69]

Yes rosewood, we need a Ministry of information to control and squash pessimism like the soviets. Voices that criticise the government should never be heard.

[DrunkenPublicness]

As opposed to other so called "economy experts" who have not only been wrong about our country's economic future, but most of them also support the same monetary policy that got us into this mess in the first place.

Like it or not, Schiff and others have been spot-on in their economic predictions, while the great majority of the ones you see every day on Fox, MSNBC, etc. have been completely inaccurate.

Call him pessimistic, but he's right.

[autofill67]

You know what i find interesting? white boys who call black people niggers behind their backs. Coward. just like most white boys.

[nevous8]

Hypocrite.

[autofill67]

hypocrite? the internet is tailor-made for people like you who hide behind it. say it to my face. Scratch that, say it to any black persons face. coward.

[nevous8]

Again, you're a hypocrite. You were being a coward by saying all whites are cowards... in front of a coward... calling all whites cowards... Racism goes both ways just wanted to point that out. Say it to your face... be realistic here.

[aelleo]

lol i wonder if there are more racist black people or white people

[autofill67]

more white. its impossible for a black person to be racist because we don't control anything. there is a difference between prejudice than being a racist.

[specialks1953]

autofill67, are you being sarcastic? Racist is not reserved for white. It means one race against another race simply based on the race of the other. It has nothing to do with control. If black people want control, don't they know they already have control? they have governmental given Rights to things whites can't even dream. Blacks who have entered modern day education & economics seem to do well. They speak correct English & fit into society because of their understanding of a need to improve.

[specialks1953]

autofill67, do you really want society to go back & speak slang & to a lack of education just so some blacks feel they are in control? This could be one of the worst advancements/regressions ever to hit America. Unfortunately for blacks, the ways of educated white people have prevailed over the uneducated blacks and whites. The next wave of discrimination has already hit America, that would be the Mexicans who choose not to assimilate into the country they live. They are already the next blacks!

[MrSmithKnows]

Yeah, dude, you need a couterpoint to this socialist bullshit.

Bring on the socialist dictatorship and lets have some economic hardship, false currency, and some purges.

Maybe our beaurcrats can kill more people and steal more production that hitler and stalin and lenin combined.

United Socialist Empire, I pledge of allegience to the USE.. and to the scientific dictatorship for which it stands.

Go Peter Schiff

[elbuggo]

Thank you for uploading this.

[tyronebiggums3]

Nice to see Peter on CNBC. Check out the Mortgage Equity Withdrawal numbers--they have gone to ZERO. You can find the plot at Calculated Risk blog. Yes, 'consumers' are tapped out. Note that 'consumers' are not people.

[libertyeconomics]

What the guy (not Peter) is saying is that in the name of "preventing" insolvencies, we need to just make everybody insolvent by bankrupting the dollar.

[dogatron]

Schiff is so awesome my bet is an ounce of his manjam will be more than an ounce of gold by 2010.

[johnnyno51]

peter schiff should get his own show

[shiftstart]

They wont allow someone who speaks rationally and goes against the stats quo.

[spathieluder]

Good video. The guy giving the counter point of Peter Schiff's is at least not annoying as Leeb.

[sbmillionair]

This is one of the best peter schiff videos (that's recorded from mainstream television). He had time to speak without some weazel yelling over him, and he wasn't disrespected.

[sbmillionair]

I think the old guy is just misguided. He seems like a nice guy.

[Balderise]

Gold Is Money......

[Larkvall]

They never got back to him.

[stshell]

peter is da man! put him, jim rogers, patrick byrne, rick santelli and maybe a few dozen more like them in a room and let them sort this stuff out.

[KhmerD0g]

jim rogers moved his family to singapore. he's fleeing the sinking ship. he is tired of the clowns in washington messing up the country.

[FGTBOGSAT]

Schiff rules again.

[UDoHaveMyName]

why the hell do these idiots argue with peter?

[chena3]

link part two

please...

[BabyEagle4U]

Thanks for the video.

[rasecphd]

Awesome!!!...Peter knows what happened in the Great Depression. He's obviously read "America's Great Depression" by Murray Rothbard. Where Herbert Hoover was an interventionist and then FDR made things worse.

[eyewitness043]

Schiff on point as usual.

[Hendo1974]

Ironically, these arrogant idiots is so negative towards Peter Schiff, they will eat their words when the shit hits the fan in USA

[FGTBOGSAT]

CNBC folks are real dumb bunnies.

[Larkvall]

I think the problem with CNBC is that they cater to speculators as opposed to investers.

I remember once Peter was talking about how the US economy was doomed and then the anchors asked him how the market will respond the next day.

[TheFlex21]

that chick should be a playboy bunny