Mike Norman is a douchebag and an idiot. But I agree it's a bad idea to personally harass him through email or his website. Let's just do it on YouTube.
Schiff is one of the few genuine people out there. I bet the politicians will seek his advice when the economy collapses, but it will be too late by then.
In my High School Yearbook written by my name says: "I will be glad when this Commie Jimmy Carter is gone. You talk of T-Bills and the housing market lol I guess Bill Clinton taught you that 2+2=5 If your just starting to talk about it now. T-Bills were fixing to tank big time when Clinton was leaving office we were headed for a massive resession take a look. fannie mae and Freddy ring a Bell on housing under Clinton. To note you are way behind again on whats coming. predict something how boutit
This is the first time I have seen the Schiff Report. I like this fact oriented, grounded approach. The fish analogy was very interesting. I guess the reason that keeps us back from disaster economically is that there is still a lot of people actually doing fishing and producing wealth.
@VanWorkum yes, he does he thinks it will collapse if current policy continues for too long, and thinks right now its better to keep commodities like gold and silver, than dollars, or most other currency's....
i've seen people call Peter Schiff a prophet. he is not a prophet, he simply uses hard facts and his common sense to see where things are headed. that is why Mr. Schiff is so effective. he strikes fear and anger in the individuals who stand to profit from the ignorance lack of common sense that is out there. and rightly so :))
Do you want to know why so many of us who TRULY do this for a living Peter, have a problem with what you do? Would you like to know WHERE this springs from?
Literally, the second you make a "How to refute a" - congratulations ... you have created a cult following built on building your own ego and a fan base, and "combating" critics.
Peter ... you are literally ... one of the worst sorts of people in this industry. You preach no risk control. I have saved video of you saying: There is no chance I'm wrong. I have saved video of you saying: I'm selling gold I bought at $300 - when Gold was at $1100
@AirelonTrading while convincing others it would go to $5,000 in 2 years (which never happened, and that prediction DID fail). I HAVE the video. You preach that drawdown is "really no big deal, because eventually I'll be right".
Literally, people come to me, asking "what went wrong" - when they have listened to you, and they are sitting on 70% drawdown. It is INCREDIBLE to me, that you've avoided a fudiciary lawsuit.
Also, if you had listened to his advice about investing in gold when he was pushing it in 2003, you would have quadrupled your money by now.
My friend did as he was listening to Schiff. I discarded this notion as the stocks were doing well at the time. My friend had around $150,000 invested in gold when it was $300 an ounce. Now worth around $1200 an ounce.
If I had listened to his logic instead of blindly following the sheep, I could have made out too. Luckily I bought land.
@AirelonTrading Broker dealers. God in heaven people ... wake up. He's twisting your emotions about things that are good, to sell his ego, his cult following and his products to make a living.
@AirelonTrading NIA, Don Harrold, and god knows how many others youve associated w/ have been busted for fraud on this entire goofy "Hyperinflation" scam. You preach economic theory that is so outdated & been proven so wrong ... it reminds me of when I was in 7th grade and taught that protons and neutrons are the smallest particles in nature (They knew this to be wrong when they taught us that).
All who approach economics from a linear deterministic approach - look like fools in the end
You seem to be one of those profiting from peoples' ignorance. You are the cause of all of this, or at least a big contributor to it. It's been 3 years now and no sign of recovery or jobs returning. All financial experts admit that the interest rates will have to increase eventually, but the FED is holding off until things stabilize. Guess they don't consider us near stable yet. As for the gold prices you mentioned, they were at $300 when he made that prediction. I save vids too
Lastly, why do people who consistently predict the markets and the economy wrong always go after those like Schiff who are dead right, and for the exact reasons that he explained in detail ahead of time.
Maybe if you make at least one correct prediction, hopefully based on some sort of logical path that you can articulate, you will have a fan base too. If you can consistently make correct predictions, maybe you can also get a "cult" following, as you call it.
@AirelonTrading And before you come at me with your entire ... tired ... argument of "I'm not a trader, I'm an investor who also protects wealth for the long term", I DO ALSO invest for the long term, in addition to trading.
And publicly, I'm doing a HECK of a lot better than -70%
He Peter, I just watched the youtube clip of I believe the critic you're mentioning about. That guy looks kind of a 'disturbed celebrity stalker ' to me rather than a worthy professional critic or he is just seeking cheap publicity? Anyway, please be vigilant as he sounds creepy.
Schiff, you are the man! You can always see at least 2 to 3 steps beyond the b.s., even when it comes to dealing with your attackers. Thank you for all you do, your blogs are the best thing on youtube, and because I believe in you, I am a proud client of yours.
Schiff, you are the man! You can always see at least 2 to 3 steps beyond the b.s., even when it comes to dealing with your attackers. Thank you for all you do, your blogs are the best thing on youtube, and because I believe in you, I am a proud client of yours.
Winning the senate race is only the first hurdle. Getting a seat on the senate committees that influence fiscal policy is very important and subject to approval by the other senators. If they don't like Schiff, he won't get a seat in the committees that will make a difference.
"We have a better standard of living than most countries"
Yes that's true, but what about the price that no one talks about. I worked 70-80 hour weeks during the tech boom and well through the housing boom. I gave up holidays with my family to work. The layoffs were non-vacations.
I know a lot of Software Engineers who really paid a similar price for these booms, in time, health, hair, etc.... And NONE OF them are really wealthy!!!
Are you saying the US should attempt to bring back full scale manufacturing to American shores? I'm not sure how they are going to do that outside of tearing up every trade agreement (NAFTA for starters) and returning to traditional tarrif systems to protect domestic industry. I don't know whether that is possible.
@FunnyHedger I agree with your comment as well. I think the standard of living for most americans will have to decrease greatly before the masses pick up their factory gloves and start working for a piss-poor wage. Peter Schiff's idea for "fixing" the US economy makes sense on paper or in an economics book, but the reality of what he's proposing (or predicting) will greatly change the US, and probably make his offshore investments from EPC even more lucrative....
These economic problems started being sown in 95-96 and were mostly sown between then and 2001 then propped up for a time between then and 2006 when things started to head south.
Schiff never said the interest rates would rise, Schiff said interest would HAVE TO RISE...schiff of course using Austrian Eocnomic FACT to point out how fiat currency works and this distortionist jackass can't understand that. Schiff is entirely correct interest rates WILL HAVE TO RISE to fight the currency collapse which has already happened since clinton and the oly thing "Saving" it by artificial proppage is the "petro-dollar" and world reserve status...those things will soon go away
Oh my gosh I don't even know this guy OR the one he is RANTING ABOUT but shut-up already! You ruin it for first timers - and I'm not coming back... may I suggest Byron Katie she and her husband write brilliant books...
@Godwad asked me, "If you don't know shit about the subject of this video why did you spend your time watching it?"
You are brilliant!! Hmmm, Now here's a boy who doesn't think before he asks a question... to learn something new, why does anyone ever watch anything new? "
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And he wants to sell you that precious gold for your "worthless" cash why then? He wants a gold standard and old common law or execution of the law where you pay in flesh if you don't happen to have cash. How would America pay for fanny Mae then?
And he wants to sell you that precious gold for your "worthless" cash why then? He wants a gold standard and old common law or execution of the law where you pay in flesh if you don't happen to have cash. How would America pay for fanny Mae then?
yap, too late for me too. I already told mike to go kill himself to save any further embarrassment. I thought it was to the point. KEEP UP THE GOOD WORK SCHIFF!
Fine words from some Establishment douchebag trying to pigeonhole Pete as a "typical Republican"... laughable! Meanwhile, to call Pete a broken clock says nothing about all the fully-functional clocks in our Government and media who aren't even right *once* per day.
The Dem-Repub fagdance is coming to an end. There are many more of us that are "mad as hell and aren't gonna take it any more" than the corrupt establishment cares to believe.
I already mocked Mike on some of his videos for being so chronically, patently, fundamentally wrong over and over again year after year after year by claiming the complete opposite of what you have.
You'd think that after being so wrong for so long that he'd wise up and stop voluntarily electing to be wrong, but unfortunately his preconceived bias won't allow him to.
He's a victim of his own mentality - trapped in a Keynesian cognitive hell with no escape.
That may or may not be true shahen13 but he did predict the bursting of the housing bubble way in advance so if Peter Schiff says its going to snow in hell you might want to bring a coat.
prophet? thats going a bit too far. He did major in finance, follow the Austrian School of Economics and use what he had learned to come up with what was to him a predictable result.
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I predict that it will snow in hell... and I am not wrong because I didn't say when.... so ultimately, even if my prediction never comes true, I will never be wrong. This guy is a joke and a clown.
I read his book Crash Proof, and watched things unfold as predicted. What amazed me was how confident he was in the face of the laughter. While I never put all my eggs in one basket, I have a a big basket for the foresight Peter Schiff provides. I see your point, but he is no joke and no clown. IMHO he simply fears for our country, our liberty, and wants to make a change. I encourage you to check out Schiff was right videos and at least be open minded.
ehh snow in hell and Peter's economic predictions are not really the same things, even though you try to draw strong parallels. Massive debt on the federal, state, and individual levels. Massive net consumption. Massive government bureaucracy. Do you really think the american way of living is sustainable?
I was in the building for years, all knew the market was a bubble, even the lowest laborer knew it had to burst. Why is Peter such a genius for predicting it.
That is interesting, as Peter said that it did not take an economic genius to see this coming. He gets props from me in part due to the confidence and certainty in light of being laughed at countless times on TV. He would never even consider that the cheerleaders had a chance of being right. Some on TV would even admit sub-prime had issues but they said it was small. Peter knew it was toxic for the entire system. He was on TV in some cases to balance out the cheerleaders.
great video! Some of your critics argue that deflation will counterbalance or even exceed inflation. What are you thoughts?
I've also heard arguments that since so few currencies are based on gold now that it's traded more like a commodity. Meaning that if demand for gold were hit by a global recession then it might not be the hedge against inflation that many of us are buying it for.
Where has people's common sense gone ?? Money just seems to burn a hole in their pockets, and will not concede that their properties are no longer worth what they paid for them. Peter Schiff is really a important voice that should be amplified and given some real clout to squash the economic & banking idiots that threaten to meltdown entire currencies.. 5s Peter
gold is an expensive investment right now if you're in the low income demagraphic. if you still want to then i guess you could call up his company and they will tell you how to do it. i think silver is an even better investment right now because it's cheaper and it's used in a lot of manufacturing products like computer chips and such.
i'm sure you could, but there lots of other firms that you can contact to invest some money in the gold market, too. google is your friend and don't be afraid to do your own research on the matter. i would've started investing myself, but I hardly make enough money to pay off my medical bills. If i did have the funds, i would personally go for silver although i hear copper is a fairly cheap metal to invest in as well. good luck and happy investing!
For low income, eliminating debt is the best investment they can make. What I have learned from Mr. Schiff is this...
Production x Savings = Wealth.
As a factory worker who has lived the life of debt x consumption, I have acquired nothing of value after 20 years but more debt.
So increasing my production (2nd job), cut personal spending = increased savings which allowed me to pay off my debt which was taking about 35% of my income.
you are so right debt is a killer.i got out of dept about 7 years ago,all my co workers are loosing their homes,cars,families all because of debt.when you have debt the creditors own you always keep that in mind.
the USD will collapse, we made too much of it, and soon no one will take it for trade. there will be a resource war over the remailing oil, of course there won't be any oil here in the states, even if it didn't run out, we can't afford it. trans/agri will shut down. Millions dead from famine
peter schiff isn't wrong about the rally in t-bond market. the fed is buying up those bonds and giving them back to the treasury. if this manipulation didn't exist the bond market would be in the tank right now. same with the stock market and the government presence there.
It's the business cycle on steroids and that thick, Institutionalist shit Galbraith called Schiff inconsistent for claiming that the market was 'wrong' on loaning subprime to the US government, when of course this is the classic story of inflation driving prices up unevenly via channelled loans from QE, which must result in all profits being purely a result of investing where the inflation goes-there's no 'free market,' no mutually-assessed productivity in these gluts that must clear.
armstrongblues, how long can we keep the strongest military? China out numbers us per person. If China calls in the debt we owe them, we wont have machines, and so we lose a war if they wage it. it is so much more than just military
I agree with much of what you say but I say the world will keep giving us fish as long as we have the most powerful military in the world this opinion may not appeal to many people but the world is a violent place you can deny that fact but it wont change it.
telling the truth and giving your best advice is always patriotic.
Young people understand the concept of sustainability when it comes to the environment it should only be a short jump in logic to understand how its going to relate to their economic future.
Anyone who makes a prediction based on time is just guessing. Schiffs predictions aren't based on guesses; they are based on fundamentals of Austrian Economics.
No one knows how long a trend will last because trends depend on so many different unpredictable events. Technicalities can last a while, but the fundamentals always win out in the long run.
The rally in the dollar was huge, but if you zoom out to a 10 or more year chart, you can see that the dollar never actually stopped falling.
I JUST RANDOMLY FOUND THIS GUY BROWSING yt AND IM GLAD I DID! HE MIGHT HAVE PREDICTED this stuff a little early, but looking back on it all, it sounds like hes batting 1000 to me!
I personally don't think Peter has to address his or any critics....his sound advice and economic knowledge stands on its own. Why waste your valuable time Peter.....rebuttals are for TV.
schiff: your 'critic' says nothing about you and much about himself, that being only one of several counter-intutions; if a megalomaniac is on board, it is he. you, on the other hand, seem to speak from your heart, as well as your head. i think you actually give a shit about someone other than yourself! THAT is the appeal and sorely missing in our politics. ron paul in '12!!
I am in agreement with most of what you have to say. Ultimately the U.S. corporations have lead the charge of U.S. imperialism. Forcing oil to be Priced in dollars has kept the dollar strong, as has the central banks of the world holding dollars as their primary reserve currency. These two advantages the dollar has in the world are unraveling. It is only a matter of time. The changing of the government in Japan may be the beginning of the end for the dollar.
The message of savings, instead of all this easy credit, is the correct message. I thank people like this for saying it. It's good economics. If you let the credit dry up, the prices come down. The real price of necessity items needs to come down sooner than later. His messages have always made perfect sense, and yet there are people still arguing that point.
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There is a huge difference between Keyesian economist, Austrian economist, and ignorant fools on the web who know nothing trying to discredit Peter and his predictions.
Peter is on TV a lot because of his business. Nearly every Austrian agrees with Peter.
Lock all the windows and doors in your house, because this "critic" is out to get you. He looks a little insane when he talks about you in his video blogs.
Vision Victory is a nut.. he make quite opposite predictions and then if one become true he ant to take credit of it.. also remember the videos when acknowledged that most of his predictions wnet wrong
but i would also say he atleast admitted his mistakes... Here this great person says it will happen when...? i dont know...
Dear Mr Schiff i agree some times its not easy to be good timer.. but even then you have to cosistent a bit about timings before claiming yourself a predictor... come to my channel and see how to predict.. i predict daily for every day.. is it not difficult to do it... i post long term predictions too.
Guys i daily post a prediction on markets.. not like thes old people ho are still eating fruit of one flook prediction,.. i respect im for what he was.. but dear friends all these top rated predictors have just said one thing decline of US then world economy.. what i have said too.. they are just big name because of media.. i daily post recomendation and people daily trade on them.. daily price prediction is difficult most thing.. if any one is daring come out... subscribe to my channel and see!
Well, Peter, the only bad thing I have to say about you is that I think you're a starry-eyed optimist. That said, most of the talking heads who've "interviewed" you are either tools or fools. My take is that you're more of a macro-picture kinda guy. Tell people like that to wait a few weeks or another few months. You're quite correct about most of what I've heard you say. It's just a matter of timing and of details, not of outcomes.
I unfortunately lacked the restraint and went to search and watch the "critic's" video. I was sickened, literally. He looked like a retard, particularly in front of that shabbily-made American flag background, yet he really seemed to believe he was presenting a good message. He is a very disturbed person that needs immediate medical attention, seriously.
The person you are referring to just uses your name to boost the number of views on his videos. Prior to his "Where is Peter Schiff" video, his views were in the low 100's, he is now getting views in the 1000's. His videos are rambling and pointless, I would ignore him entirely!
They shut down a zeitgeist internet group in Germany. Please help put a stop to this type of stuff by going to The Zeitgeist Movement web page, where you can find out how to contact them. Thanks.
Hey Peter, I won't mention who he is, but compared to you he has no class what so ever. I think he should seek some mental help because of all his attacks. Regarding his ideas about the economy, I don't even know where to start. All I can say is, if Bernanke, Geitner and Summers think the same way, theirs going to be a lot more financial pain the way.
Its pretty simple really, as soon as the Fed starts ratcheting up interest rates Bad Things Happen. Basic ABCT.
Ventures that are profitable at the lower interest rate are no longer able to sustain themselves at the higher rate and eventually these malinvestments need to be liquidated.
So...you don't need an 'infinite timeline' to prove your predictions aren't false just time to wait until Helicopter Ben starts to get seriously concerned about hyperinflation and kicks up the interest rate.
I for one appreciate your insight into both current political and economic news and do not mind if your video blog is 5 minutes or 20 as long as you have good information to disseminate, so please do not feel the need to arbitrarily limit your time. Thank you.
I like the long videos too. It's not as though Mr. Schiff has a crystal ball! It's a forecast based on events, maybe the results will happen in 2 or 3 years, like the housing bubble,maybe the next will happen in 2 or 3 months OR 2 or 3 years. I guess it depends on how long China will continue buying debt & how long the US will continue borrowing to prop up it's economy. The fundamentals of our economy were sound back in 08 to many, YET we were already in a recession since 07.
man please delete that comment with the name of the fake and bake douche nugget who talked about peter's family. his name is not worth spreading, he has no economic insight to offer, he is just trying to ride peter's coat tales, don't help him
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Okay so the argument is that he made predictions that didn't come true, but he didn't say the date, so SOMEDAY in the INFINITE FUTURE they will come true? That has to be the most ridiculous argument ever.
Maybe Peter Schiff should preface all predictions from here on out with "someday ... it could be next year or it could be 1000 years from now ... " Right?
This is silliness. Predictions with no date are meaningless, so if that's your argument you've rendered all your predictions meaningless.
even if the time line is missing, it was a lot closer than bernanke's prediction that the housing market was stong back in 2007 and there would be no recession. the point is that you should prepare yourself, you don't need to listen to peter or open an account with eruo-pac, but don't be caught listening to the boobs on CNBC, the Fed, or the gov't. if you missed last fall, they were ALL DEAD WRONG! if you understand how/why peter and others saw this coming, you see nothing brite in next 10yrs
Peter has written in his past books that his big fear is the RESPONSE to the real-estate crash/following recession. He's never said that the recession would itself cause the dollar crash. It is the RESPONSE, going on now, that will lead to the ultimate collapse. Given the exponential growth of government, deficit spending, & debt, it's really hard to understand the mindset of someone who thinks a dollar-collapse isn't inevitable if a major course-change isn't made.
I can't disagree with what you're saying and I don't disagree with Mr. Schiff's basic premise. I just think inoculating yourself against criticism by saying that your predictions should be judged against an infinite timeline is pretty ridiculous. It seems like a vain attempt by him to suggest that he's never wrong.
I think you have a valid point. However you have to remember that Peter is a long term future trend kind of guy and is talking about a major economic shift over many years. If Peter said the odds in Vegas are in favor of the casino and "Bob" wins big while on vacation, people would argue that Peter is wrong and point to "Bob's" winnings as proof.
My real estate predictions had no date, where they meaningless.? It is not as if I am not saying the dollar will collapse or interest rates will rise soar some time in the next 100 years. Whether if it happens in 2008, 2010 or even 2012 makes little difference to the relevance of the prediction.
Okay, but you just gave dates! It's definitely a big difference when you throw out upcoming years like that. It means I don't have to pay off my credit cards!! (kidding)
Thanks for taking the time to reply. I don't agree with your talking point, but a lot of your economic ideas make a lot of sense.
Actually what I would like to see is for Peter to make a video, likely one that would be much longer than ten minutes, describing the fundamentals of economics most people don't get, the cause of the current crisis, how existing government policy is making the problem worse, and what the US should be doing about it as a country. Prepare crib notes in advance to keep the delivery on track. The essential Peter Schiff, in one dose.
Peter, you're the best. Currently in the process of moving my IRA money to your firm. People are starting to wake up, thanks to people like you, Gerald Celente, Jeff Rense, Alex Jones, Ron Paul and many many other patriots. The true believers are with you. The 2nd American Revolution has started and we will continue to bring these crooks to justice. More and more will come to our side. I'm with you!
Mike Norman is a douchebag and an idiot. But I agree it's a bad idea to personally harass him through email or his website. Let's just do it on YouTube.
TWSceptic 1 month ago
Peter, would you ever consider running for office?
UTRLLD 8 months ago
@UTRLLD he tried in 2010 to run for senate, and tens of millions were spent making sure he never got to congress
winnah2314 4 months ago
who was it?
ronmorris88 9 months ago
@ronmorris88 Mike Norman
garrethdavis 9 months ago
Gotcha Peter
Pdrum2 10 months ago
Schiff is one of the few genuine people out there. I bet the politicians will seek his advice when the economy collapses, but it will be too late by then.
mcbain434444 11 months ago 7
Pete.....as per your distractor......CONSIDER THE SOURCE!!!!
CJurasin 1 year ago
In my High School Yearbook written by my name says: "I will be glad when this Commie Jimmy Carter is gone. You talk of T-Bills and the housing market lol I guess Bill Clinton taught you that 2+2=5 If your just starting to talk about it now. T-Bills were fixing to tank big time when Clinton was leaving office we were headed for a massive resession take a look. fannie mae and Freddy ring a Bell on housing under Clinton. To note you are way behind again on whats coming. predict something how boutit
Midnightse7en 1 year ago
This is the first time I have seen the Schiff Report. I like this fact oriented, grounded approach. The fish analogy was very interesting. I guess the reason that keeps us back from disaster economically is that there is still a lot of people actually doing fishing and producing wealth.
Reidsmith1000 1 year ago 3
Dear Mr Schiff, what is your opinion on the decline of the Dollar ? Do you think it will continue to decline ?
VanWorkum 1 year ago
@VanWorkum yes, he does he thinks it will collapse if current policy continues for too long, and thinks right now its better to keep commodities like gold and silver, than dollars, or most other currency's....
(Peter Schiff's probably a bit to busy to answer)
an0m0nus 1 year ago
@an0m0nus thank you for your time !
VanWorkum 1 year ago
i've seen people call Peter Schiff a prophet. he is not a prophet, he simply uses hard facts and his common sense to see where things are headed. that is why Mr. Schiff is so effective. he strikes fear and anger in the individuals who stand to profit from the ignorance lack of common sense that is out there. and rightly so :))
Rawego 1 year ago 3
@Rawego Exactly. Simple fundamental analysis + common sense.
Appitjuh 1 year ago
Do you want to know why so many of us who TRULY do this for a living Peter, have a problem with what you do? Would you like to know WHERE this springs from?
Do a simple search:
prediction versus a non-linear approach podcast
AirelonTrading 1 year ago
Literally, the second you make a "How to refute a" - congratulations ... you have created a cult following built on building your own ego and a fan base, and "combating" critics.
Peter ... you are literally ... one of the worst sorts of people in this industry. You preach no risk control. I have saved video of you saying: There is no chance I'm wrong. I have saved video of you saying: I'm selling gold I bought at $300 - when Gold was at $1100
AirelonTrading 1 year ago
@AirelonTrading while convincing others it would go to $5,000 in 2 years (which never happened, and that prediction DID fail). I HAVE the video. You preach that drawdown is "really no big deal, because eventually I'll be right".
Literally, people come to me, asking "what went wrong" - when they have listened to you, and they are sitting on 70% drawdown. It is INCREDIBLE to me, that you've avoided a fudiciary lawsuit.
AirelonTrading 1 year ago
@AirelonTrading
Also, if you had listened to his advice about investing in gold when he was pushing it in 2003, you would have quadrupled your money by now.
My friend did as he was listening to Schiff. I discarded this notion as the stocks were doing well at the time. My friend had around $150,000 invested in gold when it was $300 an ounce. Now worth around $1200 an ounce.
If I had listened to his logic instead of blindly following the sheep, I could have made out too. Luckily I bought land.
crazytown232001 7 months ago
@AirelonTrading Broker dealers. God in heaven people ... wake up. He's twisting your emotions about things that are good, to sell his ego, his cult following and his products to make a living.
AirelonTrading 1 year ago
@AirelonTrading NIA, Don Harrold, and god knows how many others youve associated w/ have been busted for fraud on this entire goofy "Hyperinflation" scam. You preach economic theory that is so outdated & been proven so wrong ... it reminds me of when I was in 7th grade and taught that protons and neutrons are the smallest particles in nature (They knew this to be wrong when they taught us that).
All who approach economics from a linear deterministic approach - look like fools in the end
AirelonTrading 1 year ago
@AirelonTrading
You seem to be one of those profiting from peoples' ignorance. You are the cause of all of this, or at least a big contributor to it. It's been 3 years now and no sign of recovery or jobs returning. All financial experts admit that the interest rates will have to increase eventually, but the FED is holding off until things stabilize. Guess they don't consider us near stable yet. As for the gold prices you mentioned, they were at $300 when he made that prediction. I save vids too
crazytown232001 7 months ago
@AirelonTrading
Lastly, why do people who consistently predict the markets and the economy wrong always go after those like Schiff who are dead right, and for the exact reasons that he explained in detail ahead of time.
Maybe if you make at least one correct prediction, hopefully based on some sort of logical path that you can articulate, you will have a fan base too. If you can consistently make correct predictions, maybe you can also get a "cult" following, as you call it.
crazytown232001 7 months ago
@AirelonTrading And before you come at me with your entire ... tired ... argument of "I'm not a trader, I'm an investor who also protects wealth for the long term", I DO ALSO invest for the long term, in addition to trading.
And publicly, I'm doing a HECK of a lot better than -70%
AirelonTrading 1 year ago
I know who Peter is talking about and he's about 6 cans short of a 6 pack. Peter is right, this guy has got some screws loose
fasteddie847 1 year ago
i don't want to cause him any mental pain, he is very very sensitive LOLOL
wunderbeast 1 year ago
well said, sir
reddranger 1 year ago
He Peter, I just watched the youtube clip of I believe the critic you're mentioning about. That guy looks kind of a 'disturbed celebrity stalker ' to me rather than a worthy professional critic or he is just seeking cheap publicity? Anyway, please be vigilant as he sounds creepy.
kguna74 1 year ago
You're a good, honest man Mr. Schiff. Stay the way you are and you have my full support.
ieatsuka 1 year ago 13
Peter leaves all the Haters behind... I do the same here in Miami running my Traderoom .. It does get annoying I understand
voodoobane 1 year ago
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Schiff, you are the man! You can always see at least 2 to 3 steps beyond the b.s., even when it comes to dealing with your attackers. Thank you for all you do, your blogs are the best thing on youtube, and because I believe in you, I am a proud client of yours.
DagStylez 1 year ago
Schiff, you are the man! You can always see at least 2 to 3 steps beyond the b.s., even when it comes to dealing with your attackers. Thank you for all you do, your blogs are the best thing on youtube, and because I believe in you, I am a proud client of yours.
DagStylez 1 year ago 2
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NinjaInvestor 1 year ago
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erushbass 1 year ago
Winning the senate race is only the first hurdle. Getting a seat on the senate committees that influence fiscal policy is very important and subject to approval by the other senators. If they don't like Schiff, he won't get a seat in the committees that will make a difference.
xtarka 1 year ago
Wow. Classy, Peter. I am in awe. We need more people like you in the world.
Also, nice jab at the end.
aaronsegura 1 year ago
Peter Shiff you got it 100% ,...... Great JOB ...
USA goverment will create WARS and what not to make people send their money to the USA ....
It will not work and Standard of living in USA is going down , a anyone can feel it . living in USA .
aviomaster 1 year ago
Peter Shiff you got it 100% ,...... Great JOB ...
USA goverment will create WARS and what not to make people send their money to the USA ....
It will not work and Standard of living in USA is going down , a anyone can feel it . living in USA .
aviomaster 1 year ago
peter schiff is my idol
gunot5827 1 year ago
lol we need to create a new office to control the senate and put schiff in that office xD
MirageScience 1 year ago
"We have a better standard of living than most countries"
Yes that's true, but what about the price that no one talks about. I worked 70-80 hour weeks during the tech boom and well through the housing boom. I gave up holidays with my family to work. The layoffs were non-vacations.
I know a lot of Software Engineers who really paid a similar price for these booms, in time, health, hair, etc.... And NONE OF them are really wealthy!!!
ItsAllAboutGuitar 1 year ago
Are you saying the US should attempt to bring back full scale manufacturing to American shores? I'm not sure how they are going to do that outside of tearing up every trade agreement (NAFTA for starters) and returning to traditional tarrif systems to protect domestic industry. I don't know whether that is possible.
FunnyHedger 1 year ago
@FunnyHedger I agree with your comment as well. I think the standard of living for most americans will have to decrease greatly before the masses pick up their factory gloves and start working for a piss-poor wage. Peter Schiff's idea for "fixing" the US economy makes sense on paper or in an economics book, but the reality of what he's proposing (or predicting) will greatly change the US, and probably make his offshore investments from EPC even more lucrative....
scooterinmie 1 year ago
This video has so helpful! You should enter your video in this contest, Ewisdomtv
susanbunch1980 1 year ago
These economic problems started being sown in 95-96 and were mostly sown between then and 2001 then propped up for a time between then and 2006 when things started to head south.
deltapunk21 1 year ago
Schiff never said the interest rates would rise, Schiff said interest would HAVE TO RISE...schiff of course using Austrian Eocnomic FACT to point out how fiat currency works and this distortionist jackass can't understand that. Schiff is entirely correct interest rates WILL HAVE TO RISE to fight the currency collapse which has already happened since clinton and the oly thing "Saving" it by artificial proppage is the "petro-dollar" and world reserve status...those things will soon go away
deltapunk21 1 year ago
Let him refute his own critics
baigandine 1 year ago
When are the schiff banking dynasty going to dump their gold?
currencynic 2 years ago
@currencynic
there is no schiff banking dynasty and they will continue to buy gold all the way until the dollar hits zero then they will KEEP BUYING
deltapunk21 1 year ago
Oh my gosh I don't even know this guy OR the one he is RANTING ABOUT but shut-up already! You ruin it for first timers - and I'm not coming back... may I suggest Byron Katie she and her husband write brilliant books...
IfilmORG 2 years ago
@IfilmORG If you don't know shit about the subject of this video why did you spend your time watching it?
Godwad 2 years ago 2
@Godwad asked me, "If you don't know shit about the subject of this video why did you spend your time watching it?"
You are brilliant!! Hmmm, Now here's a boy who doesn't think before he asks a question... to learn something new, why does anyone ever watch anything new? "
IfilmORG 1 year ago
@IfilmORG Did Byron Katie make (open & public) 98% correct predictions in the past 10 years ?
y2ktube 1 year ago
Norman Bates is losing it! He looks Psycho!
He is so intimidated by you Peter, he is shaking.....
Don't give "Hair Plugs Bates" the time of day!!!
Pete for PRES!!!!!!
DeathOfTheDollar2010 2 years ago
your a class act peter,keep it up
armbenderone 2 years ago 2
This comment has received too many negative votes show
And he wants to sell you that precious gold for your "worthless" cash why then? He wants a gold standard and old common law or execution of the law where you pay in flesh if you don't happen to have cash. How would America pay for fanny Mae then?
julianmck 2 years ago
And he wants to sell you that precious gold for your "worthless" cash why then? He wants a gold standard and old common law or execution of the law where you pay in flesh if you don't happen to have cash. How would America pay for fanny Mae then?
julianmck 2 years ago
yap, too late for me too. I already told mike to go kill himself to save any further embarrassment. I thought it was to the point. KEEP UP THE GOOD WORK SCHIFF!
3daughterskillme 2 years ago
This comment has received too many negative votes show
Schiffty Pete, still fearmongering. Typical Republican politician.
A broken clock is right twice a day.
AtlasShruggery 2 years ago
Fine words from some Establishment douchebag trying to pigeonhole Pete as a "typical Republican"... laughable! Meanwhile, to call Pete a broken clock says nothing about all the fully-functional clocks in our Government and media who aren't even right *once* per day.
The Dem-Repub fagdance is coming to an end. There are many more of us that are "mad as hell and aren't gonna take it any more" than the corrupt establishment cares to believe.
xiphoidpro8 2 years ago
Oops. Too late for me, Peter.
I already mocked Mike on some of his videos for being so chronically, patently, fundamentally wrong over and over again year after year after year by claiming the complete opposite of what you have.
You'd think that after being so wrong for so long that he'd wise up and stop voluntarily electing to be wrong, but unfortunately his preconceived bias won't allow him to.
He's a victim of his own mentality - trapped in a Keynesian cognitive hell with no escape.
AKAGl 2 years ago
That may or may not be true shahen13 but he did predict the bursting of the housing bubble way in advance so if Peter Schiff says its going to snow in hell you might want to bring a coat.
ghostrippa 2 years ago
@ghostrippa
peter is a prophet,his prophecies have come true,unlike nostradamus.
MrTabby5000 2 years ago
prophet? thats going a bit too far. He did major in finance, follow the Austrian School of Economics and use what he had learned to come up with what was to him a predictable result.
ipwnallnubscuzirock 2 years ago
I worship at the alter of peter schiff.Hes a prophet.
MrTabby5000 2 years ago
lol
ipwnallnubscuzirock 2 years ago
He deserves it he is a prophet,All prophets deserve devotion.I just painted his face on my votive candle.
MrTabby5000 2 years ago
@ipwnallnubscuzirock
excellent reasoning.
deltapunk21 1 year ago
This comment has received too many negative votes show
I predict that it will snow in hell... and I am not wrong because I didn't say when.... so ultimately, even if my prediction never comes true, I will never be wrong. This guy is a joke and a clown.
shahen13 2 years ago
I read his book Crash Proof, and watched things unfold as predicted. What amazed me was how confident he was in the face of the laughter. While I never put all my eggs in one basket, I have a a big basket for the foresight Peter Schiff provides. I see your point, but he is no joke and no clown. IMHO he simply fears for our country, our liberty, and wants to make a change. I encourage you to check out Schiff was right videos and at least be open minded.
FreeMarketForces 2 years ago
and who are you? What books do you have published? Whats the name of your company?
Martial024 2 years ago
ehh snow in hell and Peter's economic predictions are not really the same things, even though you try to draw strong parallels. Massive debt on the federal, state, and individual levels. Massive net consumption. Massive government bureaucracy. Do you really think the american way of living is sustainable?
DatDereBlueRidge 2 years ago
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dzka88 2 years ago
I was in the building for years, all knew the market was a bubble, even the lowest laborer knew it had to burst. Why is Peter such a genius for predicting it.
louiethegreater 2 years ago
That is interesting, as Peter said that it did not take an economic genius to see this coming. He gets props from me in part due to the confidence and certainty in light of being laughed at countless times on TV. He would never even consider that the cheerleaders had a chance of being right. Some on TV would even admit sub-prime had issues but they said it was small. Peter knew it was toxic for the entire system. He was on TV in some cases to balance out the cheerleaders.
watch?v=2I0QN-FYkpw
FreeMarketForces 2 years ago
great video! Some of your critics argue that deflation will counterbalance or even exceed inflation. What are you thoughts?
I've also heard arguments that since so few currencies are based on gold now that it's traded more like a commodity. Meaning that if demand for gold were hit by a global recession then it might not be the hedge against inflation that many of us are buying it for.
Ericson578 2 years ago
Where has people's common sense gone ?? Money just seems to burn a hole in their pockets, and will not concede that their properties are no longer worth what they paid for them. Peter Schiff is really a important voice that should be amplified and given some real clout to squash the economic & banking idiots that threaten to meltdown entire currencies.. 5s Peter
FlyingFox1971 2 years ago 2
Schiff how do I invest in GLD??? how do i get started??? any suggestions?
Akilles from Arkansas
Akillesblood 2 years ago
gold is an expensive investment right now if you're in the low income demagraphic. if you still want to then i guess you could call up his company and they will tell you how to do it. i think silver is an even better investment right now because it's cheaper and it's used in a lot of manufacturing products like computer chips and such.
wachman 2 years ago
Hey thanks for responding to my question. Thats a good Idea. so i just call his company??
AK
Akillesblood 2 years ago
i'm sure you could, but there lots of other firms that you can contact to invest some money in the gold market, too. google is your friend and don't be afraid to do your own research on the matter. i would've started investing myself, but I hardly make enough money to pay off my medical bills. If i did have the funds, i would personally go for silver although i hear copper is a fairly cheap metal to invest in as well. good luck and happy investing!
wachman 2 years ago
For low income, eliminating debt is the best investment they can make. What I have learned from Mr. Schiff is this...
Production x Savings = Wealth.
As a factory worker who has lived the life of debt x consumption, I have acquired nothing of value after 20 years but more debt.
So increasing my production (2nd job), cut personal spending = increased savings which allowed me to pay off my debt which was taking about 35% of my income.
Debt is the killer for the low income
.
WorldlyMrB 2 years ago 2
you are so right debt is a killer.i got out of dept about 7 years ago,all my co workers are loosing their homes,cars,families all because of debt.when you have debt the creditors own you always keep that in mind.
pedro4374 2 years ago
I can tell you from experience that he will probably not answer you (he's very busy and hasn't the time) but what do need to know about buying gold?
HereticNix 2 years ago
the USD will collapse, we made too much of it, and soon no one will take it for trade. there will be a resource war over the remailing oil, of course there won't be any oil here in the states, even if it didn't run out, we can't afford it. trans/agri will shut down. Millions dead from famine
dreamthinker79 2 years ago
peter schiff isn't wrong about the rally in t-bond market. the fed is buying up those bonds and giving them back to the treasury. if this manipulation didn't exist the bond market would be in the tank right now. same with the stock market and the government presence there.
hume12345 2 years ago 18
It's the business cycle on steroids and that thick, Institutionalist shit Galbraith called Schiff inconsistent for claiming that the market was 'wrong' on loaning subprime to the US government, when of course this is the classic story of inflation driving prices up unevenly via channelled loans from QE, which must result in all profits being purely a result of investing where the inflation goes-there's no 'free market,' no mutually-assessed productivity in these gluts that must clear.
Nintendomanwill 1 year ago
Good points Peter and it's impressive that you choose to enguage personally.
sonygvf 2 years ago 3
armstrongblues, how long can we keep the strongest military? China out numbers us per person. If China calls in the debt we owe them, we wont have machines, and so we lose a war if they wage it. it is so much more than just military
BawlzOfPaint 2 years ago
I agree with much of what you say but I say the world will keep giving us fish as long as we have the most powerful military in the world this opinion may not appeal to many people but the world is a violent place you can deny that fact but it wont change it.
ARMSTRONGBLUES 2 years ago
Also, you look like Bill Maher
StewieSwan 2 years ago
i think Peter would be insulted by that comment! lol
wachman 2 years ago
telling the truth and giving your best advice is always patriotic.
Young people understand the concept of sustainability when it comes to the environment it should only be a short jump in logic to understand how its going to relate to their economic future.
mcfun61 2 years ago
This comment has received too many negative votes show
Haha. The first part of this video is retarded. If you can't give a timetable with a prediction, the prediction is useless.
Any asshole can predict something and give it X amount of time before it comes true.
StewieSwan 2 years ago
Anyone who makes a prediction based on time is just guessing. Schiffs predictions aren't based on guesses; they are based on fundamentals of Austrian Economics.
No one knows how long a trend will last because trends depend on so many different unpredictable events. Technicalities can last a while, but the fundamentals always win out in the long run.
The rally in the dollar was huge, but if you zoom out to a 10 or more year chart, you can see that the dollar never actually stopped falling.
jjenson2006 2 years ago 3
After your prediction of the housing crisis, it'd be stupid for anyone to dismiss what you say.
And I agree that what's good for investors in the stock market isn't necessarily good for the economy as a whole.
MntlWard 2 years ago
Yup, Obama stepped on the gas! I'm going to move to CT just so I can vote for you! You are a true patriot.
ClaudiaMontana8 2 years ago 2
I JUST RANDOMLY FOUND THIS GUY BROWSING yt AND IM GLAD I DID! HE MIGHT HAVE PREDICTED this stuff a little early, but looking back on it all, it sounds like hes batting 1000 to me!
beafraid3847 2 years ago
How did people like me: who did know him, LEARN ABOUT HIM? Same way most people did.
ALL THE PAID LIARS: ON FILM <-- were wrong. REAL WRONG.
He was right, REAL RIGHT.
Luck? so.
Smart? Probably
RIGHT? DEFINITELY.
I like people who are right.
I don't like people who LOST ON PUBLIC FILM, then whine like little bitches.
People should be bitter, HE WON
punished4honesty 2 years ago
This guy needs to win the Senate.
MishuTaste 2 years ago 24
@MishuTaste Dude, this guy needs to win the presidency.
HandyMan101 1 year ago
the man is a charlatan
see the guru watch section of Eric Tyson's website for some analysis of how Schiff's predictions have worked out for investors
CTTRUTH 2 years ago
my hero.. hehehe..
peter, watch the Vale do Rio Doce's stocks in brazilian stock market (bovespa), and tell me what you think about..
paske2001 2 years ago
This is the kind of situation which makes people Orwellian
fomastephanovitch 2 years ago
I personally don't think Peter has to address his or any critics....his sound advice and economic knowledge stands on its own. Why waste your valuable time Peter.....rebuttals are for TV.
AccuracyMarked 2 years ago
I hope the Schiff Report doesn't turn into a soap opera, lol.
mrburnone 2 years ago
You need to post more YouTube video's.... you know what your talking about and you should be the one to advise the
American people not the media or mike norman.
Keep Talking!!
GenerateZmoney 2 years ago
What's this critics name??I say we go to his site and teach him a lesson!
ghjjfsbf 2 years ago
Schiff is actually the german word for "ship"
joeseth05 2 years ago
No it isn't.
fomastephanovitch 2 years ago
well, actually it is.
And "boat" is "Boot" in german.
joeseth05 2 years ago
I'm still not following how your factual knowledge of a Belgian ten year old is of any consequence to what this guy is telling us...
Is Peter an Unterseeboten in the sense that he's disingenuous and trying to get people to give him their money?
Oh please, you're so last year!
fomastephanovitch 2 years ago
haha
I'm just making stupid word games on the origin of his last name. :D
joeseth05 2 years ago
Peter Ship? but he told the ship was sinking!!!
paske2001 2 years ago
Of course he did, because I guess some of his ancestors must have been a ship-engineer, merchant or something :D
joeseth05 2 years ago
One lame youtuber named "dsglop" tries to debunk Peter forecast
mds1993 2 years ago
mike is so wrong , peter is the man )))
gus19668 2 years ago
schiff: your 'critic' says nothing about you and much about himself, that being only one of several counter-intutions; if a megalomaniac is on board, it is he. you, on the other hand, seem to speak from your heart, as well as your head. i think you actually give a shit about someone other than yourself! THAT is the appeal and sorely missing in our politics. ron paul in '12!!
monkinator66 2 years ago
This has been flagged as spam show
GOOD TO SEE YOU PUSSIES NEED TALKING POINTS!!!!!
Get a mind of your own, and go Fuck Peter Schiff in his stupid ass!!
Fuck Peter Schiff, and his supporters.
treid100182 2 years ago
Peter,
I am in agreement with most of what you have to say. Ultimately the U.S. corporations have lead the charge of U.S. imperialism. Forcing oil to be Priced in dollars has kept the dollar strong, as has the central banks of the world holding dollars as their primary reserve currency. These two advantages the dollar has in the world are unraveling. It is only a matter of time. The changing of the government in Japan may be the beginning of the end for the dollar.
TheWillwillwill 2 years ago
i know who he is. hint: mickey mouse. LOL.
u just have to watch visionvictory's video to find out.
KhmerD0g 2 years ago
Awesome analogy about fishing, Peter! People need to learn the hard way i guess.
yellowmanlives 2 years ago
The message of savings, instead of all this easy credit, is the correct message. I thank people like this for saying it. It's good economics. If you let the credit dry up, the prices come down. The real price of necessity items needs to come down sooner than later. His messages have always made perfect sense, and yet there are people still arguing that point.
springsteel333 2 years ago
Markets and Commodities are purposely bounced like Y0-Y0ism by secret controllers who manipulate them to their advantage.
aesopstruth 2 years ago 2
This comment has received too many negative votes show
Fuck Your Talking Points.
treid100182 2 years ago
Comment removed
TheWillwillwill 2 years ago
Hi brothers... if you are a real traders.. Come to my channel and subscribe for daily prediction of forex market and make money daily.. you can see the previous predictions to know the accuracy of the predictions.. Hope you will make some good money.. Subscirbe!!!
mustfarhan 2 years ago
There is a huge difference between Keyesian economist, Austrian economist, and ignorant fools on the web who know nothing trying to discredit Peter and his predictions.
Peter is on TV a lot because of his business. Nearly every Austrian agrees with Peter.
americanswan 2 years ago 3
This comment has received too many negative votes show
peter schiff = nostradomeus... say anything vague enough that *eventually* it'll come true.
willieFTWparker39 2 years ago
time wise is around 5 years. it's not like 20, 50 or 100 years.
KhmerD0g 2 years ago
0:58 (THE DOLLAR HAS STRENGTHENED?)You discredit yourself.All you guys are bought lock stock and barrel.Get outta here 2 sides of the same turd.
DEADPATRIOT1 2 years ago
Here's my advice to you Peter.
Lock all the windows and doors in your house, because this "critic" is out to get you. He looks a little insane when he talks about you in his video blogs.
ColdRainyNights 2 years ago 3
Vision Victory is a nut.. he make quite opposite predictions and then if one become true he ant to take credit of it.. also remember the videos when acknowledged that most of his predictions wnet wrong
mustfarhan 2 years ago
but i would also say he atleast admitted his mistakes... Here this great person says it will happen when...? i dont know...
Dear Mr Schiff i agree some times its not easy to be good timer.. but even then you have to cosistent a bit about timings before claiming yourself a predictor... come to my channel and see how to predict.. i predict daily for every day.. is it not difficult to do it... i post long term predictions too.
mustfarhan 2 years ago
Vision Victory is not who peter is talking about. Daniel has a problem with the same person in question.
mikeiswylde 2 years ago
Guys i daily post a prediction on markets.. not like thes old people ho are still eating fruit of one flook prediction,.. i respect im for what he was.. but dear friends all these top rated predictors have just said one thing decline of US then world economy.. what i have said too.. they are just big name because of media.. i daily post recomendation and people daily trade on them.. daily price prediction is difficult most thing.. if any one is daring come out... subscribe to my channel and see!
mustfarhan 2 years ago
Well, Peter, the only bad thing I have to say about you is that I think you're a starry-eyed optimist. That said, most of the talking heads who've "interviewed" you are either tools or fools. My take is that you're more of a macro-picture kinda guy. Tell people like that to wait a few weeks or another few months. You're quite correct about most of what I've heard you say. It's just a matter of timing and of details, not of outcomes.
wrb1957 2 years ago
I unfortunately lacked the restraint and went to search and watch the "critic's" video. I was sickened, literally. He looked like a retard, particularly in front of that shabbily-made American flag background, yet he really seemed to believe he was presenting a good message. He is a very disturbed person that needs immediate medical attention, seriously.
hkongfan 2 years ago 7
The person you are referring to just uses your name to boost the number of views on his videos. Prior to his "Where is Peter Schiff" video, his views were in the low 100's, he is now getting views in the 1000's. His videos are rambling and pointless, I would ignore him entirely!
Resolution1774 2 years ago 3
they weren't free fish, you just didn't pay the monger for them. i.e. you stole them.
hopaloop 2 years ago
peter has a logo bubble on his shirt
hopaloop 2 years ago
Mike is a tool!
alex1af 2 years ago 3
Comment removed
cduval1234 2 years ago
i never knew that mike was so messed up. his videos are hilarious.
skliros 2 years ago 3
They shut down a zeitgeist internet group in Germany. Please help put a stop to this type of stuff by going to The Zeitgeist Movement web page, where you can find out how to contact them. Thanks.
itrainsinoctober 2 years ago
Hey Peter, I won't mention who he is, but compared to you he has no class what so ever. I think he should seek some mental help because of all his attacks. Regarding his ideas about the economy, I don't even know where to start. All I can say is, if Bernanke, Geitner and Summers think the same way, theirs going to be a lot more financial pain the way.
canuck350 2 years ago
I agree about the "free fish" analogy. Hell just look at this site and tell me with a straight face that the budget deficit is still sustainable:
usdebtclock org
Frankly, anyone who says this can go on forever is a moron! Thanks for opening my eyes Pete!
Sniper2008009 2 years ago
Its pretty simple really, as soon as the Fed starts ratcheting up interest rates Bad Things Happen. Basic ABCT.
Ventures that are profitable at the lower interest rate are no longer able to sustain themselves at the higher rate and eventually these malinvestments need to be liquidated.
So...you don't need an 'infinite timeline' to prove your predictions aren't false just time to wait until Helicopter Ben starts to get seriously concerned about hyperinflation and kicks up the interest rate.
daneicher 2 years ago
Peter,
I for one appreciate your insight into both current political and economic news and do not mind if your video blog is 5 minutes or 20 as long as you have good information to disseminate, so please do not feel the need to arbitrarily limit your time. Thank you.
robertparker9999 2 years ago 3
lol. Alright Peter. We won't go after that bastard. lol.
snslion 2 years ago
I like the long videos too. It's not as though Mr. Schiff has a crystal ball! It's a forecast based on events, maybe the results will happen in 2 or 3 years, like the housing bubble,maybe the next will happen in 2 or 3 months OR 2 or 3 years. I guess it depends on how long China will continue buying debt & how long the US will continue borrowing to prop up it's economy. The fundamentals of our economy were sound back in 08 to many, YET we were already in a recession since 07.
CentrlFlagrl 2 years ago
no need for a name or link very one knows
who the TOOL is oops,who the DUDE is !!!!!
fortherichbytherich 2 years ago
sorry, I am dense. Who is the critic?
cmcphee 2 years ago
search 'peter schiff' in youtube, and search by 'newest'
u'lll see there, a few down.
audiohi 2 years ago
Another great video Peter!
btw, bring back the 10 min videos!
siasina 2 years ago
Good Video!
1776uspatriot 2 years ago
Comment removed
Zwikster 2 years ago
ooops, damn, I wasnt supposed to mention his name. Sorrrry! i posted a comment before the ending of your video.
Go Peter Go!
Zwikster 2 years ago
man please delete that comment with the name of the fake and bake douche nugget who talked about peter's family. his name is not worth spreading, he has no economic insight to offer, he is just trying to ride peter's coat tales, don't help him
soundmoneyfan 2 years ago
This comment has received too many negative votes show
Okay so the argument is that he made predictions that didn't come true, but he didn't say the date, so SOMEDAY in the INFINITE FUTURE they will come true? That has to be the most ridiculous argument ever.
Maybe Peter Schiff should preface all predictions from here on out with "someday ... it could be next year or it could be 1000 years from now ... " Right?
This is silliness. Predictions with no date are meaningless, so if that's your argument you've rendered all your predictions meaningless.
TheRamenAvenger 2 years ago
even if the time line is missing, it was a lot closer than bernanke's prediction that the housing market was stong back in 2007 and there would be no recession. the point is that you should prepare yourself, you don't need to listen to peter or open an account with eruo-pac, but don't be caught listening to the boobs on CNBC, the Fed, or the gov't. if you missed last fall, they were ALL DEAD WRONG! if you understand how/why peter and others saw this coming, you see nothing brite in next 10yrs
soundmoneyfan 2 years ago 2
Peter has written in his past books that his big fear is the RESPONSE to the real-estate crash/following recession. He's never said that the recession would itself cause the dollar crash. It is the RESPONSE, going on now, that will lead to the ultimate collapse. Given the exponential growth of government, deficit spending, & debt, it's really hard to understand the mindset of someone who thinks a dollar-collapse isn't inevitable if a major course-change isn't made.
Jaycephus01 2 years ago 2
I can't disagree with what you're saying and I don't disagree with Mr. Schiff's basic premise. I just think inoculating yourself against criticism by saying that your predictions should be judged against an infinite timeline is pretty ridiculous. It seems like a vain attempt by him to suggest that he's never wrong.
TheRamenAvenger 2 years ago
I think you have a valid point. However you have to remember that Peter is a long term future trend kind of guy and is talking about a major economic shift over many years. If Peter said the odds in Vegas are in favor of the casino and "Bob" wins big while on vacation, people would argue that Peter is wrong and point to "Bob's" winnings as proof.
theslimeylimey 2 years ago
My real estate predictions had no date, where they meaningless.? It is not as if I am not saying the dollar will collapse or interest rates will rise soar some time in the next 100 years. Whether if it happens in 2008, 2010 or even 2012 makes little difference to the relevance of the prediction.
SchiffReport 2 years ago
Okay, but you just gave dates! It's definitely a big difference when you throw out upcoming years like that. It means I don't have to pay off my credit cards!! (kidding)
Thanks for taking the time to reply. I don't agree with your talking point, but a lot of your economic ideas make a lot of sense.
TheRamenAvenger 2 years ago
Things happen, nothing of Peter's control.
The end result is what he predicts.
Does it REALLY matter how long it takes?
Its like playing a game and getting past a new part, but you know you're going to lose.. lol
Anythingwilldo41 2 years ago
Hey Peter, your fans, me included is getting out of control in that other channel you told ppl not to go to and causing trouble, heh.
4rcane 2 years ago
Its unfortunate, but he has no control over it. Do your part
valueinvestingpro 2 years ago
Actually what I would like to see is for Peter to make a video, likely one that would be much longer than ten minutes, describing the fundamentals of economics most people don't get, the cause of the current crisis, how existing government policy is making the problem worse, and what the US should be doing about it as a country. Prepare crib notes in advance to keep the delivery on track. The essential Peter Schiff, in one dose.
Panpiper 2 years ago
I don't know but for me looks freemasonic ;)
SolitonPL 2 years ago
Killin' them with kindness, Peter.
I hope you get a seat in the Senate.
WOLF333999 2 years ago 3
Peter, you're the best. Currently in the process of moving my IRA money to your firm. People are starting to wake up, thanks to people like you, Gerald Celente, Jeff Rense, Alex Jones, Ron Paul and many many other patriots. The true believers are with you. The 2nd American Revolution has started and we will continue to bring these crooks to justice. More and more will come to our side. I'm with you!
bher1966 2 years ago 3
Id watch it if it was an hour. (just like I watch your podcasts)
awells88 2 years ago