Peter Schiff on Fox Business 11-2-09

[jismjacket]

I love how fox was interviewing Peter Schiff via satellite from a pub/bar....how can they be taken seriously??

PS - Peter Schiff is the man

[twk373]

@mba2000du

I guess I made my point. :-)

[hypnyxx]

Very good comments on why he's a real Republican. Smaller government, individualism, and having the government stay out of our bedrooms. I wish I could vote for him.

[emeraldsteve]

Hey psychawareness- your so-called "goody two shoes Christian thing" is what has kept this country from imploding, you ignorant bag of scum.

[psychawareness]

I like the Pauls, but Peter Schiff is better. I think he's more well-versed on economic matters and his social views are more congruent with my own. He also doesn't have that whole "goody two shoes" Christian thing going on, which in my mind is a plus.

[psychawareness]

This Cody isn't dumb or anything, but he's such a flake.

[DrDaveHardy]

Some of the things this guy says makes no economic sense, especially around the four-minute mark here, but some of this is very true, and since nobody else is saying this, it's good to hear it.

[Voy2378]

@ DrDaveHardy:

in short idea that you need to give USA $ so that they can buy your products if stupid. When China stops buying US bonds they will have more money to spend. On products that are made in China.

[dave4708]

If we had a balanced budget amendment all this crazy government spending would end.Then if we want government health care we would know the cost due to our taxes would drastically increase the next year.

[dave4708]

His beliefs are very much the same as mine.If I lived in Connecticut I would defiantly vote for him.

[wuzcloopin]

Do i sense a "Peter Schiff was Right 3.0"

[BlueTunisia]

The more I listen to Peter Schiff, the more EVERYTHING makes sense!

[dbmcmillan]

haha yeah same thing here. The real reason I support people like Peter Schiff is because I consider their beliefs to be morally correct, but it is true that he definately sheds light on how the economy works and really makes what he says sound like absolute common sense. Its nearly impossible to disagree with what he says is going on economically.

[twk373]

Try not to confuse "despising" homosexuals with "disapproving of homosexuality," "not appreciating having homosexuality crammed down one's throat," and "refusing to tolerate homosexual attempts to redefine marriage."

Thanks. :-)

[orisikon]

While I disagree with him on abortion, he is a "real" Republican, if simply because he believes and intends to uphold the Republic--the Constitution. It's sad how one's stance on abortion and whether or not you despise homosexuals defines you as a "real" Republican or not.

[Iamfatbrain]

What does abortions have to do with being a republican? Is it outlined somewhere? Seems to me they are trying to exclude/invalidate him as a republican all together.

[Unkn0wnGuy]

Yeah what the main stream media considers a republican is a far right christian extremist. They make it a religious issue instead of a true constitutional issue. As always they distort the truth and misdirect what the public should care about.

[MrXstacey]

The way I see it is not that gold and silver are going up but that the american dollar's purchasing power is going down. So if you have any sense about you you will put it into tangible goods, gold is great, silver is a great way to get started if you have the money to put aside, lead did great this year, but even storable foods and canned goods are wise for the poorer folks looking for solutions, why buy it at $1.50 later if you can buy it for a buck now? Prepare for tomorrow.

[jibbi4one]

JerryGing;

If Schiff does win the senate seat for his district in Conn. He'll he short listed for standard bearer.

But the Republicans just tolerate Schiff they can't wait to get rid of him.

For me Schiff is wasting time with republicans too bad there wasn't multi party PR democracy in the U.S.

If there was you could have:

RON PAUL + PETER SCHIFF

on the same ticket for president & VP !!

[JerryGing]

Wow! The best Peter Schiff ever! The so-called Republican party had completely run me out after 30 years with this "Social Conservatism" garbage and their complete disdain for my personal liberties and the liberties of others. Peter says exactly what I have thought for years. If the Republicans would toss Sarah Palin and adopt Peter Schiff as their standard-bearer, I will return to being a 100% Republican voter!

[killergames187]

Peter Schiff is 100% right and has been for years.

[Zoughi]

gold is gonna go higher and higher

if you can't afford it buy silver

[panther9mm]

If you can't afford it, don't play, you are poor already.

[raguv2000]

agreed with everything except the Reagan part, he was terrible at managing the budget

[Vunks2000]

Did you guys see Gold rise today, Gold is on fire.

[panther9mm]

Gold stocks didn't really move, and gold is down now along with the dow. Looks like it will be a bad day tomorrow with dow futures down close to 100

[Donninator1]

panther9mm says gold didn't really move?

it rose 25+ dollars...

what an idiot.

[panther9mm]

I guess you knew the spike would happen today, so what happens tomorrow?

[Vunks2000]

I don't know, I am not making any plays one way or the other on a day to day basis. I can tell you that in 4 weeks gold will be over 1,100.

You are the one who claimed to know the future.

[panther9mm]

So which asian stocks do you think are good? Don't tell me you only have gold. I thought you talked about asia.

I guess you didn't understand my comments before. It was a comment about what was happening in the past if you watch dow futures, and look at gold trading in the asian markets. The us market did not have a strong open. I am cautious because I trade on almost a daily basis. If you aren't making any money in it, what are you here for?

[Vunks2000]

Asia is good, but right now I have limited funds, and Gold/Silver are going to help me when the dollar finally collapses.

Day trading is too big of a gamble, I have made money just fine.

[Vunks2000]

as I type this gold is at 1,084.48.

Thanks for proving you do not know what you are talking about.

[panther9mm]

You can see the future by looking at the past. Wow. You are amazing.

[Vunks2000]

SCHIFF JUST HAPPENED!

[panther9mm]

So 1 can is 2 dollars, what are you buying? I haven't been watching food prices .

You should just buy some of those companies which farm or fish or something.

[boots920]

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

Carroll Quigley

Gold 1776 $20 in paper CURRENCY = 1 double eagle

Gold 1971 $35 in paper = 1 double eagle

Gold 2009 $1064 in paper CURRENCY = 1 double eagle

The central bank (Federal Reserve) is counterfeiting money that 's why the gold price is so high.

You can't fix it buy physical gold and silver or watch your LIFELONG savings go to 0.

[scottvska]

Schiff is for homosexual marriage? How is giving a group of people who produce no social capital SSI, tax breaks and other state and federal benefits in accord with libertarianism?

[DavidAKZ]

they might produce love ?

[dimaniak]

Well he is libertarian so he is against any federal benefits for ANY couples not just gays.

[eugeneedwards]

who cares? homosexul marriage has nothing to do with economics, you dildo. if you object to it, why not just say so. instead of looking for red herrings to justify yr stance.

in fact if you look at the numbers, then right now they are probably more financially beneficial to america, then the bigots running around objecting.

why dont you worry about more relevant stuff and let the homos do what they want. it wasnt that long ago whites and blacks werent allowed to get married.

[JerryGing]

Getting government out of all people's personal business is one of the defining features of libertarianism. Theocrats tend to demonize homosexual Americans because of their personal beliefs, they have the right to that but the law should treat all Americans equally.

[RobTzu]

I think I am just going to borrow huge sums of money at a fixed interest rate, then buy gold, and two years worth of canned goods. Then press my representatives for bigger defecits, and debt monetization.

[haveabeer123]

actually, that´s something Pete recommends. If you can borrow at near zero interest in the US and buy foreign stock that pay cash dividends, you´ll make a killing cuz of upcoming hyperinflation ala Zimbabwe...

[panther9mm]

That is the spirit of a true gold bug. We can't lose any money on our gold positions.

[cabtrom]

what is better for bartering for sex? food or gold?

[RobTzu]

Well the hungry ones will look better.

[haveabeer123]

depends on the bitches... i think when hyperinflation hits the US, a can of tuna will get you the hottest blonde on the block... but you will probably get sloppy seconds after the chinese in front of you gets done with her...

[crabtrap]

COKE ,dummy!

[leonitis007]

Fox news always has some hot babe showing off her ****s (and i dont mean the 2 guys next to her), by the way peter schiff is always right but i bet no one was paying attention to anything he was saying instead were waiting to see if hot babe was gonna spread her legs.

[cabtrom]

I think it would be cool if there was a total collapse then we can be locked in our houses under marshal law. I'm sick of going to work anyways. Frigging 55- 60 hrs a week because half our staff is laid off. lucky bastards. Hey does anyone know if we can get unemployment under marshal law?.hmm ill have to look into that.

[MrFatbee]

Give em hell Peter , these so called republicans are in fact dictators , they do not believe in freedom.

[mcwonderboy]

ha peter ownd those fat fucks.

[dankeewolnir4042]

A1 B2 C3 D4 E5 F6 G7 H8 I9 J10 K20 L30 M40 N50 O60 P70 Q80 R90 S100 T200 U300 V400 W500 X600 Y700 Z800

FOX=666, enjoy your happy hour, with the siren in the middle...she is very hot for sure. all to keep the garden between the ears propagated and fallow for their next agenda.

[cabtrom]

Peter, why bother saying anything?.. hell with the losers. Let them spend this country into the depths of hell. The sooner this country goes Bankrupt the sooner the programs end and all the losers find themselves a nice curb to sleep on. Then we can get serious and the ambitious among us can rebuild this country back up.

[sgentlemanjack112]

this is true,....but it is propaganda.

when faux sets up the interview perfectly, with a great schiff quote, and reminding us he is running for office.... and of course...its "happy hour""

i agree with schiff... but if you think you are unique for supporting him....trust me... you are being lead to do so...

one way for the gpovernment to escape its bedt, is to awaken america who will then demand NOT to pay

[dankeewolnir4042]

i agree... Peter would not be on if they didnt want him there. its controlled opposition at the very least

[Ne0mega]

uh oh... heard the first notions that the MSM just figured out they can attack Schiff from the same angles they attacked Paul.

[UVpirate]

I'm trying to listen to these guys talk, but I can't concentrate looking at the hot chick in the middle. That's tight.

[hellsunicorn]

That is precisely how the MSM works. When men don't willingly accept their daily dose of ignorance from the male anchor, we bring in the female physique to turn the rational mind off. It works every time.

[dankeewolnir4042]

that's on purpose.

[elnnito]

Peter is great when matched up against all the government propaganda. Maybe he would've wiped the floor with them even more if he had mentioned the Constitution when asked about those issues of questionable importance such as abortion: It's an infallible argument.

[AcesUpSleeve11]

I think Schiff is great at forecasting, however, his adfvice on what to do with your $ is not so great. He saw the crisis coming, but he DID NOT see that in '08, that the $ would strengthn and the asian markets would also fall off a cliff...many europac clients lost their shirts.

[myyootube]

How many advisors got just the macro picture correct?

How many got both the macro and investment picture correct in 08?

Do you think a 1 year investment philosophy is most prudent or do you believe in Peter's secular predictions?

[panther9mm]

You are a fool. Decoupling happened in the past just like Schiff said. Remember he is the only one who got it right.

[AcesUpSleeve11]

He got the forecast right, but didn't protect his clients. Many of his clients got wiped out. Decoupling hasn't happened. If you invested with Schiff before the crash, you would have lost 65% - 85% of your portfolio. If the US stock market crashes again, you are gambling that the asia market is going to decouple which it didn't do last time. Call me a fool, but that is not a gamble I'm going to take. Schiff was wrong about decoupling in '08 and could be wrong about it in the future.

[eugeneedwards]

hi fool, decoupleing is real. US economic growth is/has been, based on financial engineering and rubber numbers.

alt A and ARm mortgages resetting. half way thru residential home price falls. commercial property to start next year.

asia (not just china) will have domestic growth, slow but the dependance on US consumer will be replaced by asian consumers. peter shiff is long on asia and gold. 1 year is not long.

[AcesUpSleeve11]

Schiff predicted the crash, but he thought the asian market would go up while the US stock market went down. Instead the asian market crashed worse than the US market. He didn't see that coming. He thought the safe haven would NOT be the dollar during the crash, he was wrong. The dollar WAS the safe haven. That's why his clients lost their shirts. The US stock market will crash again and we'll see if Schiff is right then, because he wasn't "right" about investment strategy last time.

[panther9mm]

Schiff has never been wrong. He has a long term investment strategy just like Buffet. And Buffet says you should never sell a share, so his clients have never lost money unless they were stupid enough to sell.

The next time the dow goes down, the shang hai index will just go up. That is the trend.

[panther9mm]

I agree with you 100%. Schiff was never wrong. The savings rate of the chinese consumers will go down when america falls, and they will buy the goods. The money they lose from USD is peanuts.

Some fools also say there are overcapacities in china, but they don't know what they are talking about, and there is no real estate bubble in hk or china.

[eugeneedwards]

im not sure if china is free of a bubble. they have had massive liquiidty increase through govt stimulus and the govt instructing their banks to increase lending. Its been a huge increase, over 150%..... it looks like a property/stock bubble to me. but still, asia is growing and china is moving away from US import dependance. there will be ups and down, but long term trend up. note:australian (resource) economy riding china through GFC

[panther9mm]

The shang hai stock exchange is not in a bubble. They are about 50% from the peak. I bought in around 5000 after I started listing to Schiff.

The real estate in china is fairly valued. Prices are probably up 10 times in 10 years, but they don't use as much leaverage, and there are lots of people in the rural areas who want to move to the city. Shang hai prices are fairly valued at manhattan level prices even though people make $800 a month in the city

[panther9mm]

Schiff knows that china can take a 2 trillion dollar loss and shrug it off like nothing. There will be no pain for the chinese market because their own consumers will take up the slack that the USA loses. It is a lot easier than the tightrope walk that Bernanke is doing, and Schiff knows it.

And The shanghai market is up about 68% this year. You missed the boat and you angry.

[Vunks2000]

He has almost completely recovered all the losses, and the Asian markets are looking stronger then ever.

If you want tho think short term then fine you can say he was wrong.

But if you think like Peter and those with a brain you think what the next 10-15 years will bring, and Asia is where it is at.

[panther9mm]

Which asian stocks do you own?

[bobjman]

Yes, he did protect his clients. What you cited here is simply factually wrong and misleading. I've been following his advice consistently for the past 2 years throughout the downturn, and not only have I outperformed ALL the major US indexes, the value of my investments is significantly higher than it was before the crash. Look at the value of precious metals now vs. before and make note that mining stocks and the asian stocks have risen on avg at MORE THAN 2X the rate of US stocks post crash.

[panther9mm]

Which asian stocks did he buy for you in your account? I'm interested in which ones he likes.

[bobjman]

I haven't sought his or anyone else's advice about individual Asian stocks as I believe that I don't have enough personal knowledge of them to invest in any. I use Europac to allow me to purchase the gold portion of my portfolio at the Perth Mint, and to buy Canadian and Australian gov. bonds . I have other investments elsewhere. Europac's general investment principles in Asian stocks are to buy companies which have the least exposure to the US, have sound fundamentals, and pay high dividends.

[airborne373]

Schiff was one of the few who predicted our current economic mess. And currently one of the few reasonable voices.

[chena3]

whack on

 schiff...

[eyewitness043]

As long as these whores in media can get paid to spread propaganda, half-truths and confusion nothing will stop them. Propaganda is America's most lucrative industry next to the criminal fraud on wall street.

[leecohen7]

Way to go Schiff!!!! :)

[furburglar]

Capital r is for the party, lower case r is for the philosophy behind the form of government of a republic.

[SchralperDotCom]

What is this stuff of individual rights?

To your flock be true, Baaaaaaaa!

[focus21x]

I meant to say that Obum will confiscate your gold, but my slip of the tongue/pen/touch was much smarter than that--"cofiscate"--collectiviz­e, nationalize, communitize, communisticize it.

[panther9mm]

Yes, Schiff said you must buy gold now so you can let them confiscate it in the future or to become a criminal.

[motorolarules]

Lets see: Peter Schiff -- talking heads? I pick Peter Schiff.

[focus21x]

American Eageles? Yes, where cany you/I keep them? Obama/Mao the Dung will certainly certainly certainly cofiscate them, and then what?????????????

[focus21x]

Reorganize the "republican"/really non-republic party along the lines of Ron Paul and Peter Schiff, especially Ms. Bachmann--she will be the new preesident.

[focus21x]

The old republicans are lower case, from stupid south, like Carolinas--Carolingian Franace.

[focus21x]

Get Bush out of the sagebrush/bush and make him responsible for the rich boy's misspending of other people's money.

[roseagain2]

Peter Schiff for US Senate!!!

[bbburton]

Faux News still promoting the sazme neo-con crap they've always pushed.

[focus21x]

Investigate Yale's Economics department, as I suggested earlier, to which a Yale grad student answered that their teaching of economis is "shit."

[BlueSkies360]

I can't imagine Eric making any money trading EVER. I guess that is why Peter is now a gazillionaire and Eric is having drinks with Cody. Any idiot can see that they are killing the dollar and if you have money in China and RMB increases 4-8x, even an 80% dip will not matter, because you will be up 400-800%

[campeona5]

They are actually starting to understand...Houston we have a problem!! Keep that Gold/Silver secure.

[CourageousM]

what coins do you think is the best to buy? type

[elihew]

American Eagles, Philharmonics, Maple Leafs, etc. Hold'em now and you'll never regret it...

[GuerrillaNewsChannel]

I agree..Dont forget China Panda's..When they finally own's our asses(China)The panda's should have a nice market..

[oc5nsli341nforce4]

The entire economy is a pyramid scheme.

[30percentplusreturns]

The republicans have turned into democrats. Thats why they keep losing. If I want a democrat I will just vote for the democrat. At least I know what Im getting. The fake NY republican, dede scazoffava just endorsed her rival democrat!!!!! And republicans wonder why they are losing??????? Its time for conservative and libertarian candidated. There is no more room for lying and rino republicans. Scazaffava was truly disgraceful in what she did. It just shows politicians are liars.

[1pigslayer]

schiff and ron paul are great but i wish they would end the republican dynasty and start the constitution or libertarian party dynasty!

[utubehayter]

Why have a dynasty?

[Qualitatively]

Thank you!

[imh11621]

Its so funny when idiot newscasters like theses try to out think/logic a guy like Schiff. They only wind up looking even more stupid than usual.

[2014andBeyonD]

Put all your savings in gold and silver.

[gsharp2000]

How stupid can Fox be. Proabortion is the real Republican stance. What a bitch.

[elihew]

We must forgive her...she's just plain stupid!

[epilogas]

Don't invest in fucking ETFs, they are a'nother fraud. Buy physical!

[ubuibiok]

the GDP was all built on a massive pile of printed cash...some of the money came from bonds and has to be repaid, and it won't, cash your M&M's and buy silver, period

[Isawanangel1X]

slow meltdown, like the friggin icecaps