Peter Schiff on CNN - Auto Bailout 12/20/2008

[aviomaster]

bochap21 (- YES to some level ...

[bochap21]

Is America going to be a communist country?

[dapple33]

Peter Schiff is very good at predicting future financial trends, but makes many common investor mistakes. So he can see what's coming, but walks in front of the oncoming bus anyway.

The great depressing was actually caused by the same thing that has caused this nightmare. That is over leveraging. Large institutions invested too much of their wealth in crap. And when the meltdown started, they didn't have the money available to pay their creditors.

[MANofINACTION]

"Give me one example of a depression in the modern economy that was cured without government intervention"

South Korea.

[hyylo]

peter schiff and ron paul are the only people that can help the american people.

bush and obama are the same.

shut down the federal reserve.....bring our troops back home....

[FATToney12]

The other guy should learn some history. The government did not get us out of the depression. The market was not stable until 1951. President Hoover, with his high protectionist policies and overproducion(Hoover gave 2 billion dollars to wealthy bussinessmen after the stock market crash), made the problem worse. FDR made the problem worse with his public works projects and the federal reserve caused it with liquidated assests.

[BarrySlisk]

Somebody stop that dumb rodent from talking...DAMN!!

[melundamir]

Leeb is an idiot and this guy is an expert that invest our money.. MY GOD!!!

[Cicero75BC]

Peter Schiff is right as usual....And they hate him for it. This other guy is a slimy rat moron scum bag.

[Cicero75BC]

Peter Sciff right as usual....and they hate him for it. That other guy is an idiot. Buy food, guns, water, and other survival items and pray to the Lord every day constantly if you are a believer that He will rescue you from what's coming.

[MWAX69]

HOW CAN HE ANSWER IF HE WONT SHUT UP?

[aviomaster]

--- USA should go DOWN .. EMPIRES rose and fell .. USA is imperial power bombing and destroying people around the world with their 720 military bases making the world safe .. AHA .. MAKING the world USA bitch . SLAVES will turn against their masters ,.

[jinjin16]

out of time. always out of with these networks - well soon they will be out of time

[ggadguy]

Peter speaks the truth. Check out his videos, articles, and his podcast, all on one page at Peter-Schiff . com.

[nthought]

The economy grew substantially during WWII due to deficit spending and the fact that government hired people as soldiers. It was the New Deal on steroids. People who deny this simply are rewriting, not reading, history.

[pretorious700]

How many times does this guy Leeb have to be wrong before he admits it? This guy has no clue what he's talking about!! Now we need a world war to cure our economy!!!!!

[jobedied]

Peter is giving children a lesson in advanced physics and they are telling him the world is flat. These excitable Ivy League Doo Doo's are getting their collective asses handed to them.

You do not get that bent out of shape if you really know your substantive field.

[ChristiansMustLearn]

whats worse is that he speaks so plainly and simply that it goes over their heads. These ivy league loons are fucking clueless to the basics of an economy. I find it FRIGHTENING how many people are upbeat on the prospects of a late 2009 rally. We're gonna be picking through the trash by that time.

[jobedied]

Peter is the only one staying calm, these so called economists trained by IVY League idiot professors are flopping around like flounders out of water on the bottom of the boat. They get loud and irritating because they know Peter understands basic business and economics. They do not. He is proving their whole professional life has been based on false understanding of fundamental economics. Peter is telling them the world is round and they are saying its an inverted popsicle stick.

[peterkolar]

I've watched every Peter Schiff video available, and this one made my skin crawl the worst. That whiny, loud, Keynesian fool wouldn't let Schiff finish a sentence.

[PAYNE227]

Schiff is awesome. Gov. is to set tariffs and regulations not bailouts. This is nuts. Bush and Congress has absolutely destroyed the country. Now everyone with any loss will come to papa gov. for a hand out. Could Bush be getting a golden parachute through this bailout? Is there corruption in Washington? Will Obama tax the super rich,oil companies? Something positive needs to be done and quick, I have already lost my retirement to these bastards, what next,my house?

[RobbyRichards]

When Peter said "can you be quiet a second?" LOL I bursted out laughing LOL Peter is such an entertaining guy to listen to.

I remember Peter debating that guy when the financial bailout was in question. He wasn't confident then and he is even less confident conversing with Peter now. Lord, people are so defiant, they just will not accept they are wrong! It's just human nature to disagree I guess...how sad.

[WelfareRobot]

Also, baldy is such a shill. I don't know how Peter got out of their alive.

[WelfareRobot]

Oh god. MY EARS.

[contractedwow]

Typical whiny jew

[TheSmokingArgus]

You answer is so typical of those who would rather look at something so silly such as someone's ethnicity and/or religious belief.

Here you are throwing out a half baked derogatory comment based on Mr. Leeb's ethnicity and yet you seem to forget that Mr. Schiff is also of Jewish descent.

The problem with Mr. Leeb is his flawed monetary beliefs in big government and has nothing to do with his background.

Do yourself a favor and get an education instead of relying on vitriolic hyperbole.

[badonkadonk34]

Well said smoking.  thanks for the vid

[Kreadus005]

That guy on the right doesn't know how to converse as an adult. Talking over people is unforgivably rude.

[Justbeatit999]

God I love Peter Schiff! But don't forget guys that he is not the only financial EXPERT! There are also JIM ROGERS, MARC FABER, and RON PAUL. I always go to financialtruth0.blogspot because there they post all the interviews, and it is easier to keep track of! Thanks for uploading anyway!

[zzxzqwq]

The depression stopped in 1933 read the GDP stats. The was another one in 1936 - 37. Ther was massive growth around WW2. But the depression had stopped before then due to government intervention.

[seanannapolis]

Most people believe strongly in "good" government intervention. Most people believe free markets are the problem right now. Most people think the Geat Depression was solved by FDR's programs. Most people have no idea how the Federal Reserve works and how money is created. Most people don't know what inflation realy is. Most people have no clue what is meant by a "rate drop" by the Fed IE new money being created to lower scarity of money. Thus, it takes very little to successfully dismiss Schiff.

[ralphhumacho]

Damn I don't think I've ever seen Peter get that annoyed with an idiot he was arguing with

[prplhze2000]

He keeps calling WWII a government stimulus?

What an idiot.

[somename044]

Wow steven leeb is an idiot and his voice is really annoying.

[dx11101]

get that squeaky moron off the stage

[sam9657]

"Will you be quite for a second"

ROFL

[justgetsome]

Leeb is a dweeb.

[josephcecil]

"Would you PLEASE BE QUIET" SO FUNNY!! HILARIOUS except that the joke is about the end of our economy.. Schiff seems so right, but I doubt it's as exact, stimulus COULD help, though remodeling the USA isn't the way to spend $1 Trillion.. we need ENGINES of new energy with that money.

[offthahook08]

Your watching Disinfo artist at play. Why did the CNN host cut peter off while he was talking? Typical disinfo tactic 101!

[ghosty426]

The guy Schiff is arguing with reminds me too much of Dr. Evil.

[lymaeQ]

Zip it! XD

[rationalbeats]

Why is that asshole just keep talking over Peter. What a little loser.

[nextdimensions]

that guy is the most annoying little twerp in the history of news media

[curiousEGM]

I see dealerships being shut down in front of my eyes so, is that good? According to Leeb things are not getting better but they are not getting worse either??? WTH! Can't polish a canoli after it comes out of the other end of the digestive tract, can you?

[curiousEGM]

Roosevelt did not cure the economy. Wars are not positive if people have to die.

[Demian164]

shut up you yellow-bellied pacifist.  war is good.

[WOLF333999]

These neocons live in big mansions that are amply protected by private security. Six months out of twelve they go to Dubai, the Swiss Alps, or tropical islands reserved for the rich. I don't think they ever go to a supermarket and they certainly don't know anything about prices. They (their servants) buy cat food that costs 10 dollars a can, and think that's a bargain.

[nmbypmby34]

What a geeky little dude! Slap him Peter!

[graasroots]

I thought Peter was going to knock that little weasel out , That dude would not take a breath and shut up! voice was so shill, ........oops I mean shrill! lol

[midnightmover2012]

Oh so the cure is WW3. Now I understand.

Man if I was Schiff I would have bitch slapped that little weasel.

[psw003]

Leeb apparently gets his view of the great depression from a public school's 5th grade history book...

[Chainedorlo]

Hah!

[trainluvr]

The two nincompoops on the left couldnt referee because they dont know what the hell is going on and clearly have not recieved direction from their masters who also don't know. Schiff is no dummie, listen to him. The repukeocrats have babbled about the wonders of the free market since Reagan, but now its put-up time and they all want to do is throw taxpayer money at Wall st and banks while you lose your future.

[randyguitarman13]

WHAT A LITTLE BIOTCH!!!! SHUT UP!!! I love Peter Schiff

[unchiekun]

Leeb is a Dweeb!

[curiousEGM]

Leeb is Art Laffer 2, making a fool out of himself then he concedes to Schiff about inflation. The hipocrisy goes on and on and on...with no end. They all feel inside things are going to get very rough out there. There is no evidence of recovery because the economy is in a spiral into the unknown and the unknown is scarier than knowing how bad it will get. Keep a tape of this video and watch how close Peter Schiff gets to crystalballing the fate of this economy. You don't need a college degree.

[ClearFire1]

Save Detroit! Its going to be freaking nuked if we don't bail it out! Anyways that dweeb was fucking annoying, this clip was pointless to watch.

[experimentsingeekdom]

"Jobless recovery"? What the f**k does that even mean? That's an OXYMORON you idiots.

[experimentsingeekdom]

The guy arguing with Peter has been wrong EVERYTIME he has been on CNN. And he still has the gall to oppose Peter. Why does CNN keep calling this idiot?

[disciple90633]

So let me get this straight....WARS are the cures for economic hard times? WARS are a stimulus?

Leeb is a complete idiot and total tool.

Peter should have slapped this fool.

[fornello123]

check out Leeb's eyebrows, he looks like he's about to shit. hunnnn hyunnnnnggggggaaaahhhhhh PLOP

[BandedArtists]

Ahhh hahahahha! That was hilarious, like watching a squirrel try to box a gorilla.

[WOLF333999]

While the squirrel yells "I am bigger and stronger than you" in a squeaky voice.

[JustLiveITtv]

Yep. Peter RIGHT AGAIN.. The Elite will stop at nothing to tear up America and the world for their own power. Theres nothing Federal about the Federal Reserve.

[whittonmatt]

people will just keep laughing at peter ALL THE WAY DOWN! Blind lead the blind.I'm with you Peter.GOT GOLD!

[vdubs4life1964]

Peter should have bitch slapped that guy.. I know I would have..

[libertyeconomics]

The guy on the right needs to re-read his history. WWII did NOT get us out of the depression. People suffered during WWII like you wouldn't believe. Rationing of supplies, etc. How many lives were lost, too?

[WOLF333999]

It wouldn't surprise me if that dweeb or what's his name is going to advise Congress to launch war against Iran, Pakistan, and Syria. Of course, Congress would reply with "But we're already at war with those countries, sort of."

[EMPIRE0FLIES]

"They did it intentionally" Peter is on the money again as usual.

[ramwagon]

Peter needs to say. "shut the fuck up before I backhand your ass ".

[engrishlessons]

Indeed. That guy's like Bill O'Reilly in that he doesn't let the other person speak if he doesn't like what he hears.

[emp0rizzle]

Peter would answer your question if your question wasn't 20 of them strung together and takes 10 minutes to ask you stupid fuck.

[Epic878787]

Leeb's quacking and movements are shockingly inappropriate for civil conversation, to say nothing of TV news.

Build bombs, drop them in ocean - the Leeb stimulus.

The only way WW2 helped the US economy was by literally wiping out a lot of their manufacturing competitors in Europe.

[Look4Truth]

The other guy is an idiot. I can't believe those boob tube fools keep talking about how things are good and improving, they're just a bunch of tools.

[rexsojo]

Schiff speaks truth. Investmentwise-hasn't hit a homerun. But when listening to idiots like Leeb you know why our 401ks are

f(#&*$d. Wall Streets been scamming everyone. However, there is a greater evil manipulating the boom and bust cyles. Instead of trying to invest out of this hell, we need the cure. Google HR2755. Identify the culprit worldwide...and do away with their system. Otherwise we just enjoy CNN parading the cheerleaders of socialism and the status quo in front of Peter Schiff.

[magichandpuppet]

clearly the retard on the right is pushing for a third world war to cure our economy... perhaps he can volunteer to be the first target.

[richlacelle]

jlailman well said!

[eskerz]

stop arguing with peter schiff, the man was right and he is right again, let the market do its thang! damn it...too many idiots running the show

[kemosavvy]

is there a way i can short leeb capital management? wtf, world war 2 was a stimulus package? wars are DESTRUCTIVE not PRODUCTIVE!

we crawled out of the great depression because our competitor, europe, was DESTROYED by ww2. able-bodied european men were killed off by the thousands. factories, cities were destroyed. after the war the US had an incredible comparitive advantage along with all the technologies it had developed from the war efforts. that's the answer!

[experimentsingeekdom]

Think about it - if there hadn't been the war, what would have been. If all the resources had not been wasted in the two world wars, we would have a much better, stronger global economy today, instead of the house of cards that we have today.

[ClearFire1]

War is peace, freedom is slavery, ignorance is strength.

Why not add "destruction is productive", to just completely mind fuck Americans?

[randyguitarman13]

HAHAHA! Yes

[alshorts1431]

That was pathetic to watch. Those host's did nothing to stop both of them from talking over each other for almost 3 minutes. Leeb is an idiot. You can simply tell this because he would rather continuously talk over Schiff then allow him to state his points and examples.

[bbagginz]

Pathetic indeed.

That was a total failure to chair the debate.

Do they think it makes good TV to watch the discussion degenerate into an argument?

They need training or to be replaced by moderators which have some clue what they're supposed to be doing.

btw, this happened last time Lieb was up against Schiff.

Lieb's "technique" is to keep talking, continuously interrupt and attempt to derail his opponent's point by aggressively asking spurious questions during the response.

[noslord]

Peter Schiff is my FUCKING HERO!  God I love this video! I want to make sweet love to it!

[theloupe]

Wow, thank you yet again for getting this video up so fast. You guys do some great work and you blog is right on.

Go Ron Paul and Peter Schiff the only people willing to tell it like it is!

[itubeutude]

LOL. Leeb is such a dweeb.

[TheSmokingArgus]

I mean WTF, Leeb thinks War is a Stimulus???

Only for the central bankers.

[itubeutude]

I know. That one sort of blew me over too.

And the fact he thinks we might be coming out of this crash. Like things are suddenly going to get better.

What a moron.

[radiofriendly]

"...these are important issues...but let's

move on from the destruction of America to...

I don't know, faulty sump pumps."

[jlailman]

What the heck are we even talking about this $15 billion to the car companies for, I want some answers as to where the $8.5 trillion the Fed issued in the last 90 days went! When is somebody going to step up for the American people and find out who is literally robbing the US of it's entire financial future!!! This is the biggest crime in the history of mankind and NOBODY IS SAYING A THING!!!!!!!!!!!!!!!!

[WOLF333999]

That money went to Paulson and his buddies, who all are driven around in very expensive cars that have armored windows.

[hagbard72]

What depression did the country come out of without gov't intervention? Given that the government created the depressions in the first place, they've obviously arrogant enough to also think they're the ones to solve it. The US is screwed. Glad I live in Canada (kidding, we're screwed too, for the same reason).

[noslord]

Although your Government acts like the US's, Canada,and the world, will do better than America I think. Unless they try to fuck you guys and Mexico to form the NAU.

[engrishlessons]

Create the chaos then create a solution. You're than heralded as a savior, even though you created the problem to begin with.

[CableNewsJunkie]

I regret ever buying Leeb's books.

[chromedreamz]

I dont know why Peter doesent take a shot at this dweeb

[coolwise1]

ROTFLOL Stephen Leeb show a desperate new tactic for the NWO since Peter has been schooling this so-called MSM experts on our economic situation for quite awhile. Stephen voice sound, well, you heard, irritating. I guess he figured he didn't want to be may of fool out by Peter, but he did it to himself anyway.

[cstarsoft2000]

Leeb is an idiot.

[JojahBoy]

i wish peter schiff would just smack the living sh*t out of Dweeb there.

[WOLF333999]

Even in the very short time Peter was allowed to speak, he almost decapitated that whining bag of pus.

[xenothon]

Here's my angle: if you're going to spew ignorance, can't you at least do it in a voice that doesn't make children and small animals weep? Leeb's voice is rough enough when he's just speaking, but every time he confronts Schiff and gets into that defensive posturing, it gets so bad the paint on my walls begins to bubble.

[jerthemessiah]

Leeb is so stupid. It's idiots like him that will give us a $10 gallon of milk then adjust minium wage for inflation for some kind of cure. Eventually there won't be a middle class and the majority of Americans will be making the improperly inflation adjusted minium wage.

[saxrider]

Stephen Leeb is in full on attack mode without facts, his hands making repeated literal claw motions at Peter Schiff. Stephen Leeb repeatedly asks "give me an example", obviously trying to build a strawman case, and frame the debate in such a way that favors his factless case, and then interrupts Peter Schiff every time he attempts to answer. HEY LEEB, IS YOUR ARGUMENT SO WEAK THAT YOU WON'T LET THE OTHER GUY TALK?!!!!!

[Organjic]

lol that guy needs to grow up. PS is right on about the upcoming great depression.

[Vesta20]

What an idiot. Peter is correct get Government out of the way!