Part 2: Fed's Fisher Talks up Treasuries

[ararat123457]

OH and THANK YOU !

[ararat123457]

Peter please spent $20 buy a microphone

[jzmdi493]

Americans who don't listen to Peter Schiff and prepare for hyperinflation now will soon go broke when the US dollar collapses. Signup for the free National Inflation Association newsletter at: Inflation . us

[malibuhur12]

scam

[DillonX]

Some ppl say we need to get away from Keynesian thinking & go w/ Adam Smith & gold.

If I recall correctly Adam Smith was about as anti-gold as it gets.

He believed if u had 2 equal countries & 1 took it's "profits' & bought gold & the other but the money to work in w/ ppl buying & selling the later 1 would become more advanced.

He thought the same thing about individuals.Why would u buy something that earns no interest & pays no dividends.

Over time gold hasn't kept up w/ inflation.

[hearsay2009]

What if one country bought plasma screen tvs instead of gold?

Or what if we're talking about individual persons and not governments?

[ajnako12]

Peter' say's buy gold as an inflation hedge. In Smith's day you didn't "buy" gold, gold was money, if you had money it was in gold and silver. It's like saying today I'm using dollars to buy dollars. Gold is never an investment, its just a way to preserve the purchasing power you currently have in a inflation environment.

[audiohi]

My theory is that cnn is so keynesian that they believe that consumer confidence is the single most important thing when it comes to a stable economy. They have shown time and time again that they believe that if we could only spend more we'd be out of this mess. If Schiff continues to tell it like it is, they feel that people may be more nervous about the future and save more. And in a keynesians eyes, thats a problem.

That is of course THE problem.

[fatmoleman]

Cnn is crap anyways but I guess that is the only way to reach the sheep.

[jhanders]

6:17 seconds "That's where all the nonsense is." ;-) solid

[magichandpuppet]

I would love to see a debate between Roubini and Schiff.

[LoveAndLiberty1776]

All of the band-aid measures will fail. The problem is the Federal Reserve, which concept is founded upon debt-based currency and fraud.[...]

The Federal Reserve is a cancer that has nearly killed the entire world economy. That cancer must be surgically removed from the world's economy, or it will soon kill the patient. There is no other viable alternative at this late stage.

thomaspainereturns. net

[malibuhur12]

They ignore you because you will make the most sense and expose there phony economy.

[OpenMind00]

Like in Red Heat in the 80's with Jim Belushi and Arnold. at the end of Movie, Jim Belushi gives in to Arnold and says

"This is all very Russian."

I think it applies here. It basically means that none of this make any sense anymore nor do any economists, politicians, pundits etc.

Note: that statement is not indicative of the Russian people or anything really to do with Russia.

Its just the current state of affairs

Peter is correct in his assessment but it doesn't matter apparently

[antiwar100]

Ok....doesn't the FED buy government bonds every day in order to keep the Federal Funds rate at the current 0%-0.25%. Or does it just buy bank assets?

[Janlaxle]

You are abosolutely correct about not supporting bailout plans and stuff...however there is no other option. The system is not gonna repair itself thru recession. It's gonna collapse. FED is trying to prevent that. ANd they will inevitably fail

I'm looking at americans with pity now. You had the most poweful country in military, economical, demographical sense back in 60's. You had all the technology and recourses...and then you wasted it all and destroyed everything you built so far

[spiggitybap]

Obviously "the system" won't repair itself through recession. That's why we want recession! Because we DON'T want "the system". Free market + recession = no "the system" = no worries.

[Somerled1]

Don't worry Mr. Schiff, your not being ignored by many. Your part of the reason I'm going to the University for Finance, I got interested in it through listening to you and Congressman Ron Paul. Thanks for posting these vids!

[RAMKING61]

Why isn't everyone/anyone talking about the IMF's SDRs(Special Drawing Rights) to replace the dollar as the world's reserve currency??? Hello? Hello?

[nathanc777]

Peter, got any need for a straight-out-of-college economist? I graduated summa cum laude and i'll work for peanuts.

[talallines]

Peter,

Speaking of the FED, what is your opinion on the book, The Creature From Jekyll Island by G. Edward Griffin?

[harveybirdmannequin]

Peter I sure if you asked, someone out there would be willing to pay whatever fee it is so that your YouTube vids can be longer than 10 mins.

Heck, ask one of the YouTube mods/admins.

[rflosi]

Should people be holding any dollars in savings or are they better off buying gold? What percentage of savings would you advise being in commodities at the moment? Anything different than 10%?

[lnsk]

When are the people going to understand when the truth is given to them? Thank you Peter Schiff!! I am supporting the effort to get you to run for the CT Senate...you will be great for the people, not the elite crooks! Dodd is a thief and his days are numbered. Please run for this Senate seat!!!!

[flaunttnualf]

Damn politicians! We need to draft people like Peter Schiff into office to fix this country. Most of the politicians are just power hungry madmen who care nothing about what's right or good for the nation.

[hayekian]

This was a disappointing video. I do not believe that the idiots running our economy are purposely thinking about getting Obama re-elected while fully knowing that they are destroying the economy and a much brighter future. This malice makes you look foolish. The real reason is because they don't know what they are doing. Their keynesian non-sense, bs mathematical models, and overall ignorance of Austrian Economics is a much bigger factor. I'm still a huge fan though. Keep up the great work.

[lsa420]

So you think the Fed is "independent"?

I would argue they are not - think interest rates in 2003 through 2004 - and that would seem like a move highly in favor of Bush getting re-elected. Any easy ride out of the the Nasdaq crash with a little housing boom.

It's a combination of Fed incompetence, aka Keynes and unfortunately, the Fed being in bed with the executive branch.

I wonder if Bernanke wants to get reappointed in 2010. Now that's a catch 22....

[hayekian]

I'm sure political pressure is a factor as well. Things are more complicated than I can say in a youtube comment :) but my point remains. In Peter's video his comment puts the blame 100% on the suspected pure malice of our government idiots which I think is totally wrong and makes Peter look like a kook. Our economorons are self deluded pompous fools, not malevolent power hungry "evil" people.

[TheChinaExpat]

Um what did he say that puts 100% blame on the malice of the people in power as opposed to their incompetence?

[hayekian]

somewhere in 5:00 to 5:30 he says something along the lines of just wanting to keep this going so that Obama can get re-elected which I don't think is the case.

[spiggitybap]

OK so what?

[flowerpt]

Why assume they're incompetent, though? There are big political wins to be had by a massively devalued Dollar, namely impending obligations the politicians have no other way of paying. See also Schiff's work on CPI.

[audioX1]

Peter Schiff for Senate

[BlueSkies360]

Wow, 2 parts, awesome, thank you!

I was reading somewhere that Weimar went into hyperinflation because their private bank decided to short their own currency. After they nationalized that bank, the inflation receded. Audit the Fed...

[Perceiving]

Yes Peter you are right. They didn't invite you because you don't support Obama's continuing economic disaster plan.

[nxn8690]

Peter, you are getting singled out, because you are Honest. They don't think, you are Corrupt enough to join them. It's the same thing as when they excluded Ron Paul in the Debate before.

[D4Shawn]

Two parts! What did we do to deserve this?

[JurkoffJay]

We boost his ego with "blow job comments".

Seriously. These people need to get off his dick a little. Don't you think?

[D4Shawn]

I agree. It would be better if we all developed an obsession with male genitalia. Thanks for showing us the light Mr. latent-homosexual-guy!

[JurkoffJay]

Was that supposed to be clever?

You're a nerd dude. Go play some D&D.

[ReIgNoFrAdNeSs]

Go make some more penis references.

[JurkoffJay]

Shut up dude.

[r0ck3td34th]

@JurkoffJay:

I am a trained psychologist. Would you like to talk about your preoccupation with the male sex organ? You DO seem a little obsessed.

[wcarlpdrysdale]

cnn,? is that the communist dudes ?

[fantasyfootballgod]

Peter, apply for a better Yahoo account so your videos can be as long as you want.

[fantasyfootballgod]

By Yahoo I meant Youtube

[quittingtomorrow]

coming soon

[imre1000]

CNN doesnt want you because your views are not popular (even though they are true).

It sucks, but that's reality.