It's like an 8th greater talking to 2nd graders. Surprised Peter even does these interviews. And don't these other"guests" watch videos from years past where Peter has made other talking heads look not so brilliant and in a respect way..except for that prick Steve Leisman
Poor Peter having to deal with a bunch of morons that will never understand Austrian Economics. It's amazing how the same economists who got it wrong haven't changed their thinking.
markets artificually raising the value of the dow, along with the "stimulus" money which has been circulating after paying out overpriced construction workers to build needless fixtures and cash for "clunkers' which is only going to bankrupt the country and cause an even bigger crash in the near future with a complete collapse of the dolar after China and other countries decide to opt out of the US reserve currency and convice the rest of the world to go with the yuan or some other currency
stocks are going up because there is much fresh new money now circulating in the economy after the fed bought many MBS at overpriced values from "too big to fail"/manupulative banks who are now reaping the benefits of adding fresh "capital" onto their balance sheets for a very low (0.00 - 0.25) fed funds rate and that allows them to lend the money out into malinvestments which eventually end up either through mutual or pention funds/ investment accounts or private weatlth funds back into the
Note that people on TV are wrong more than they're right. This tells us an important thing, that they actually do know what's going on. Someone who doesn't have a clue is wrong exactly 50% of the time.
What we have going on in this current talk about the recession being over is simply a pump and dump game. Get investors excited about this false recovery-sucker's rally and hope they're gullible enough to jump into the market just to get clobbered again. WARNING! The underlying problems plaguing our economy haven't even been addressed, let alone solved, and yet we're to believe we're in a recovery, that the recession's over? This rally is for insiders to dump their stocks at your expense.
I'm sorry guys...You can't cost cut yourself into prosperity. If it weren't for the simple fact that we can print ourselves money any time we want, we would be bankrupt. We put Bernie Madoff in prison for the same exact behavior as our US government selling bonds to the rest of the world.
Years ago as most know and these people should know, they were ridiculing Peter Schiff over what he was saying and they all turned out to be wrong and Schiff was correct.
The same crap is happening now in terms of the "recession is over" BS coming out now. Damn.
Wow, the desperation to be right among this CNBC panel of "experts" is palpable now! They are doing everything they can to shout Schiff down. The only thing they haven't done is stick their fingers in the ears and shout "LA! LA! LA!".
As Schiff has said there is going to be an effective default on the debt. The question is if it's going to be a formal one, or if the government is going to pay in depreciated purchasing power. More important, how much higher will taxes have to be when the govt is restrained on its ability to dig itself into debt.
It's like an 8th greater talking to 2nd graders. Surprised Peter even does these interviews. And don't these other"guests" watch videos from years past where Peter has made other talking heads look not so brilliant and in a respect way..except for that prick Steve Leisman
westy44cal 4 months ago
Poor Peter having to deal with a bunch of morons that will never understand Austrian Economics. It's amazing how the same economists who got it wrong haven't changed their thinking.
rmccay88 1 year ago
Comment removed
rmccay88 1 year ago
oh god listening to these moronic americans makes my brain hurt. these idiots apart from peter thinks the world will stop if america isnt consuming.
do these fools even understand economics.
no wonder the whole planet hates the americans.
this video just proves it.
its not jealousy, its hate because of the ignorance shown by these brain dead morons.
stealthpakfa 2 years ago
i wanna stab that slutty man bitch
stealthpakfa 2 years ago
8:52 notice the delayed artificial reaction.
Entropy137 2 years ago
Most of this guys need to sell "the market" so their companies keep doing business...
In bear markets they don't charge as many fees, less costumers, less profit !
Wait for the end of September and for employment seasonal adjustment and will see ! Just another 2 months...
cmartinsbes 2 years ago
"The free market isnt dead" haha...
cduval1234 2 years ago
What the fuck is with those retarded america gloves like fuck off god thats more annoying than that lady
cyalaterthan 2 years ago
Free Market Capitalism? HAHAHA
That woman is annoying as hell.
Paetaor 2 years ago 2
just wanna slap her
cyalaterthan 2 years ago 2
markets artificually raising the value of the dow, along with the "stimulus" money which has been circulating after paying out overpriced construction workers to build needless fixtures and cash for "clunkers' which is only going to bankrupt the country and cause an even bigger crash in the near future with a complete collapse of the dolar after China and other countries decide to opt out of the US reserve currency and convice the rest of the world to go with the yuan or some other currency
kobe88124 2 years ago
stocks are going up because there is much fresh new money now circulating in the economy after the fed bought many MBS at overpriced values from "too big to fail"/manupulative banks who are now reaping the benefits of adding fresh "capital" onto their balance sheets for a very low (0.00 - 0.25) fed funds rate and that allows them to lend the money out into malinvestments which eventually end up either through mutual or pention funds/ investment accounts or private weatlth funds back into the
kobe88124 2 years ago
"Consumption is up"
"We're not spending money; we're investing money"
Both said by the same man.
bricklayer79 2 years ago
I give Peter credit for standing his own ground.
great job Peter
lastnoblegmail 2 years ago
kudlow report never mentions that the stocks are going up because companies are cutting jobs.
Just because you can grow in the market doesn't mean the economic situation of the company is getting better.
This is a horse & pony show to give upper-class people a reason to stroke their ego's while people who do the actual WORK.
YES, the stocks are going up
"why measure debt to gauge how we're doing?" When inflation turns the dollar to the new peso, of course profits will get higher by number value
tillo2008 2 years ago
CNBC hasn't changed much... get ready for "Peter Schiff was right 2009"
shaunzane 2 years ago 3
Wow! Still the same old Bull from the mass Media!
If you believed them, great! Its Bull! Already shout it on your face! BULL!
LeeKwangEng 2 years ago 2
Looks like we got another clip for 'Peter Schiff was right' v 2.0 in a couple years when he's right again.
Rysauce 2 years ago 3
WHAT THE FUCK IS WRONG WITH THOOSE RETARDED PEOPLE!!!!!!!!!!!!!!!!
I can barelly watch their ignorance and bullshit, how many times does peter schiff have to get it right before thoose dummies start to listen.
I feel sorry for the people of the United States, spending yourself into a depression.
gatzu86 2 years ago 4
Note that people on TV are wrong more than they're right. This tells us an important thing, that they actually do know what's going on. Someone who doesn't have a clue is wrong exactly 50% of the time.
Entropy137 2 years ago
The market is going up because healthcare scam is looking like it's going to fail. If it gets past then get ready for a huge drop.
readyjojoy 2 years ago
This crap is unwatchable. Just look how desperate the pump monkeys are to get people to line up and march right into the slaughterhouse.
gr8mikeY 2 years ago 4
how many times does he have to be right to get respect?
tommyenglish1 2 years ago 2
When we see unburied corpses in the streets.
Entropy137 2 years ago
What we have going on in this current talk about the recession being over is simply a pump and dump game. Get investors excited about this false recovery-sucker's rally and hope they're gullible enough to jump into the market just to get clobbered again. WARNING! The underlying problems plaguing our economy haven't even been addressed, let alone solved, and yet we're to believe we're in a recovery, that the recession's over? This rally is for insiders to dump their stocks at your expense.
1lain 2 years ago
I want this depression to hit just so Peter can can rub it in faces of all these talking heads
DunbarConfederalist 2 years ago
I'm sorry guys...You can't cost cut yourself into prosperity. If it weren't for the simple fact that we can print ourselves money any time we want, we would be bankrupt. We put Bernie Madoff in prison for the same exact behavior as our US government selling bonds to the rest of the world.
dtebh 2 years ago
These clowns are still fighting the one man who saw this whole mess coming our way, Mr. Peter Schiff.
They are going to have to apologize one more time.
Carlitos1010 2 years ago
Don Luskin is beyond repulsive.
Schiff rocks. The rest of these guys should just nod their heads and listen for the full hour.
healthhavencom 2 years ago
The irony of this video is astonishing.
Years ago as most know and these people should know, they were ridiculing Peter Schiff over what he was saying and they all turned out to be wrong and Schiff was correct.
The same crap is happening now in terms of the "recession is over" BS coming out now. Damn.
StoneRock454 2 years ago
Wow, the desperation to be right among this CNBC panel of "experts" is palpable now! They are doing everything they can to shout Schiff down. The only thing they haven't done is stick their fingers in the ears and shout "LA! LA! LA!".
mjhonsun 2 years ago 6
All I hear is debt, debt, debt. That's how things are "paid" for in the U.S.
fatmoleman 2 years ago
... and tax revenues dropped by 18% this year!
As Schiff has said there is going to be an effective default on the debt. The question is if it's going to be a formal one, or if the government is going to pay in depreciated purchasing power. More important, how much higher will taxes have to be when the govt is restrained on its ability to dig itself into debt.
picapauengracado 2 years ago
I think that for the good of the people, a formal default is better.
Entropy137 2 years ago
this recovery and bull market are for real ..
florgat91 2 years ago
and i have a 12 inch cock
dudebud007 2 years ago
CNBC doesn't believe in free market capitalism, they support banker fascism.
Tasadaru 2 years ago 5
anybody who wants to cum all over michelle cabrerras lovely black hair say "I"
I - LOL
dudebud007 2 years ago 4
Bull market indeed....Bull-shit.
eyewitness043 2 years ago 5
This is great but they gave me a huge headache.
lavixl 2 years ago
can you short mutual funds? lol, because I would like to short whatever these idiots are buying up
Elasaltaculos 2 years ago
Wake-up sheeple!
shoeman3434 2 years ago
Wow..... Ya, were all gonna be screwed and soon.
overlordsshadow 2 years ago
Lol! Nice clip for the next "Peter Schiff Was Right" video mini-series!
Chloe0418 2 years ago 5
When is the end game. That is the question that I am looking to answer?
RobertChavis 2 years ago
When the dollar crashes and there's massive social unrest in America.
Carlitos1010 2 years ago