My god you are so repetitive, Don't you have anything constructive to say? All your videos contain the same tirade without any constructive criticism,
@reverenceforall Omg your reply is so worthless, not constructive, not helpful to anyone. People like you should be banned from YT for being so completely useless. Please never post again and kill yourself.
So how come all the American jobs are now in other countries if our beloved American companies were creating jobs for us all this time? Don't be ridiculous.
@reverenceforall You aren't asking the right question, why are American companies shipping jobs overseas? What jobs are they shipping overseas. Economics is about asking why and making yourself dig a little deeper.
@jsosterhaus There are higher moral principles than the profit motive, but we Americans can not think of anything but money. In the name of profit we have multiple wars, millions of people in prison, the economy has collapsed yet we can still do nothing but think about money. What a tragedy. Where there is no altruism, that society is doomed. Look around you:)
@reverenceforall I completely respect your perspective, but the truth is the socialism fails because of human nature. Simply put, unless incented the majority of humans will choose to let others carry the load. What current or historical examples can you display on the success of socialist policies. Histtory is doomed to repeat itself.
@jsosterhaus Actually I am not talking about Socialism. Patriotism does not mean Socialism. Chosing your own country over others is not socialism. Socialism means that the group is more important than the individual and excludes all individual rights. The complete opposite of Socialism is not freedom, it is anarchy. We all have to sacrifice something for the sake of the greater good, that is just reality so a happy medium has to be found.
@reverenceforall The bottom line is not everything, there is something called patriotism that takes precedence. You will never find the Indians and Chinese shipping their jobs abroad for any reason. The profit motive does not justify the ruin of one's own country. That is the problem with America. Everything is about money and nothing else. That is the reason that we have all these unreasonable wars and prisons and the collapse of the economy.
Peter's invention of a time machine pales in comparison to his understanding and exposing of financial markets and government policies. Keep up the good fight brother, I always enjoy your appearences on BNN up here in Canada, and please let us know of any public appearences in the Vancouver area. Already we are seeing a few major pension plans in the US and Canada taking the initiative to protect themselves by moving into gold and precious metals. I expect we will see many more very soon.
Peter, don't you think this is all planned a being fulfilled exactly the way they want it. You seem to be pushing a log chain. Will all your hard work really save our country? Lindsey Williams seems to think this is going to happen no matter what. Are we gonna be able to stop it or should we just keep getting ready?
At this point, I guess your definition of insanity would also cover thinking that the politicians might make laws and policies beneficial to the country.
@dangolf1890 Timmy Seymour has been putting Gartman on the spot. Kudos for Seymour calling him out 2x. (ie. today and a little over a week ago when Gartman said he wish he had sold everything.)
@ADRIANC92ER well theres gonna be a worldwide financial crisis and at times like this people are most easy to brainwash with bs like "it was china's fault!" or some crap, and then the sheeple beleive and go to war, after which a new world currency will be created and borderless world state as well, under the pretense of absence of a possibility of war like ww2 or 3 since there are no countries. You can laugh at me and call me crazy, i wont even be offended by that. Just watch.
@skatersmith Agree people blame the people such as China, they are doing the present US consumer such a big favor, giving us their goods they worked hard to produce and in return we give them a diminishing toilet paper (US$). A new world currency would be great instead of this debt financed system we have, preferably a gold standard brought on by the free market. Borderless trade would also be great for the whole world.
@skatersmith We are already in a quasi WW3 it is US, Canada, and some European countries vs Middle eastern countries. However i don't it will be near the tens of millions of people that died in WW2. Nor do i think nuclear weapons in the same scale as what was used in japan will be used anytime soon.
Depending on how harsh the WW3 is, it may not even be wise to invest ALL money in gold, for history tends to repeat itself, and during WW2 in europe and USSR people had to exchange gold coins for tiny amounts of bread. So diversify. And get some solar cells.
@skatersmith I guess i have to ask, why would there be a WW3 anywhere near the scope of WW2 in the immediate future?Don't get me wrong, i think investing in solar cells is great, as it will lessen your electricity bill over time, lets you be more independent, and is more environmentally friendlier.
The reason why we are in this economic crisis is because of YOU america. You have ZERO financal education. If you cant afford then dont buy!! I knew people who bought brand new cars but couldnt afford the gas. I knew friends in highschool who had 10k limit on their credit cards and didnt even have a job! i knew people who borrowed against their homes to buy stocks thiking they would be rich! The banks are only happy to loan you more money.
The silver market is the most sensitive to QE since investors who see the problems with QE are drawn to silver. Silver's correlation to equities has been pretty negative the last few weeks because the expectations of QE rise when stocks fall. It's no longer worth going long silver and short equities because it is now essentially the same trade.
Cut the all crap here - keep buying gold and silver and you will see a bright tomorrow... The economy is screwed when debt itself becomes toxic plus quantitative easing - I'd rather call it quantitative uneasing!!... Paper money is fake plastic money is fake(credit card), Only gold and silver is real money - got it dude....
Was it zero jobs or like 4? I would have loved if the jobs number was a number like 4 or 6, just to see the expressions of the peacock talking heads.
Of course, now the NLRB is forcing businesses to post union propaganda, just like the Wisconsin union guys telling businesses to post pro-union signs or be picketed. Maybe they'll force us to put up Obama signs & bumper stickers at election time.
I still say the govt.s actions are akin to me running my personal finances like a circus. It is like using my credit card to withdraw money at the ATM,and depositing it in my savings account. I'm going to sue my wife for buying a dress that didnt fit.If I win,I'll give her the money to go shopping again!
I THINK if U picture the ROTHSCHILD family as the JOKER in BATMAN U can get a good handle on what's happening in the USA...OBAMA is just their puppet.
I totally agree with Peter! First our government bailed out the bank, now they turn around and sue the Banks for the same reason that Banks got bail out at the first place! What will the government expect to accomplish with this law suit? What if the bank lost and go bankcrupt...would the government then bail them out again? and if not then why did they bother to bail them out at the beginning? If this is not insane then I dont know what is!
Defense, SS, medicare is whats destroying america. We dump so much money into those sectors. How do you expect the government to live within its means when the average american has ZERO financial education. If my neighbor is 250K in CC and student loan debt, i can only imagine what others are doing.
Same insane crap form Obama, he just replaced/hired a new chief economic adviser who is from Princeton, so we will absolutely see the recommendation for 2.5 mil new jobs, only they will be for soldiers...
for the life of me I cannot understand why the people in CT did not embrace your views, message and the truthfullness of your messages. You are a true patriot. Keep up the good fight. Speak the truth and don't worry if people r listening or not. Good luck
Peter, do you still think that Hyperinflation is still a certainty in the US? If so, would you be willing to place a LARGE bet with Mike Stathis of AVA research?
@fuxoffyo Just read his site, he does not mention most of the calls Schiff has made on what he's bullish on GOLD. Schiff has said he sees gold more of a medium of exchange then an asset, taking that into account, that guy said buy the DOW at 6500, in gold terms, wasn't good. Schiff has also said he is expecting a 5:1 gold/dow ratio by the end of 2012, so far it seems like it's on the way their. So Schiff has been more accurate, he just somehow forgets these things, or didn't know about them.
Peter has not been more accurate. If he was more accurate someone would have claimed the 100K he has up on his website to find anyone with a better track record than he (Mike Stathis). Buying into the DOW at 6500 wasn't a good strategy? That's hilarious considering you know who's clients got murdered in 2008. Either you are biased, forgetful, or uneducated of the facts.
Please leave a comment on Mike's articles on VT with what you said so you can see the error of your ways.
@fuxoffyo Schiff has been pretty accurate on the broader economic view, look at the foreign currencies he has owned over the years. No, that buy was not good when you price it in gold terms, and yes his clients lost alot of money in 08 , but hey he has gained that and more since then. I probably won't bother to post in his site because he will probably not want to price the DOW in gold terms, or look at Schiff's foreign investments, if i were him i wouldn't, losing 100k is too much to loose.
You are looking at this from one perspective. Do you even know Mike Stathis track record? For me to pony up 100K for any joe-schmo to claim is quite a bold move. How about you go look up his track record on his site or better yet read his book "America's Financial Apocalypse" which predates Crash Proof by a good year.
If you don't look into Stathis any further, than please remember the name when you get burned from bad investment advice.
@fuxoffyo Yes i saw his record on his website, the fact his book was published before Schiffs book does not matter, as Schiff was saying this stuff before the book was published. Again Schiff's broader economic outlook in the past decade has been pretty accurate, which currencies to invest in, what countries are going to be growing. Yes he lost money in 08, but guess what he has gained all that back , and he is now even opening up a bank outside the country, doesn't seem like he's doing bad.
@fuxoffyo Yes i saw his record on his website, the fact his book was published before Schiffs book does not matter, as Schiff was saying this stuff before the book was published. Again Schiff's broader economic outlook in the past decade has been pretty accurate, which currencies to invest in, what countries are going to be growing. Yes he lost money in 08,but guess what he has gained all that back , and he is now even opening up a bank outside the country, doesn't seem like he's doing bad.
gartman will be recommending gold as the ultimate investment once its reached 10.000 dollars lol. those people make their living recommending financial investments and yet they have a (financial) IQ of toast
@managarm1349 No one is that stupid, their job is to promote a political agenda, if they actually told the truth and gave sound advice they would be failing at their jobs. This includes all of the TV media.
LMAO love the way that your raggin on Dennis Gartman. Hes another funny character that has nowhere near the amount of knowledge you have. His subscribers of his crappy newsletter should go to you.
Gartman sold more than half of his gold a few days before gold price went over $1,900. When he called gold a bubble he was buffering. Gartman is a gold bug while Peter Schiff is a gold bull. The difference is the quality.
Nov. 2nd. 2011? Come on Peter your always up on everything! Sorry, I just had to do it. I read most of your books, and just want to thank you for the help they were to me in the last 4 years on saving money & investing! Thanks again and keep up the good work, we are always listening!!!
my taxes rose, coupled with inflation, I should be the one screaming bloody murder. I like you Peter but if you are not waging this argument on behalf of americans who fit that criteria, then your position regarding this matter is erroneous.
I agree with peter on most of his positions but I think he is being disingenuous about the tax burden of the rich of which he is one. Peter often says he pays 45 percent of his wages in taxes but that is just half the story. He is also earning more so he is actually netting more than the people who's wages dont increase. Americans who's wages are not rising at the rate of inflation or those who have lost their jobs have the real argument. If i made 40k every year and my taxes rose, then...
Excellent video Peter. To use a basketball analogy, my starting five economists are Peter Schiff, Doug Casey, Thomas E. Woods, Walter E. Williams, and Jim Rogers.
It seems very strange that the final results were zero jobs. This is a very rare number of jobs to get. Are you sure they didn't just round up the real number?
What gov wants to do if you haven't noticed yet is they are trying so hard to destroy the american dollar. The Global Elite - Big Gov - want a universal International currency. With everything being made in china these day the Global Elit and CEOs are living beyond their wildest dreams. If they eliminate the dollar and bring in a new GLOBAL CURRENCY , it will be alot easier for them to do business...
@ibelucky1 A lot of folk seem to think the collapse of the dollar is planned but I personally think that Ben Bernanke really believes that they can kick start the economy by doing QE because he is a Keynesian and that's what they think!
Great quality video, much better quality than they use to be and much better than listeners questions which someone said looked like it had been filmed with a microwave ^_^ and good info as always (:
I read an article by Bill Gross which made a lot of sense right up until the end. At the very end he started talking all this Keynesian nonsense, about how the government should start spending money on public works to "stimulate" the economy and get it going again.
Whenever i hear people quoting any Keynes nonsense that are in a position of investment i lose all respect for them!
The hard cold truth is America is doomed and its not just the goverments fault, Americans are lazy and dumb these days. Those of you who are still out there working hard and are concern with the future better start right away researching ways to protect your savings. Either through aggriculture, gold, silver or energy stocks because there is no way we can compete with China, most Americans are more worried about making friends on facebook than the dollar collapse an our politicians arent helping
@iUbookz save by holding what loses value the lowest: silver, gold coins, food, as prices go up. If you can't buy anything you're already done. Too late: there's no hope. SOME have risked home sale and/or credit cards for silver. I don't recommend that but it's worked in the past. Declaring bankruptcy & hiding any silver or gold will help ensure the banks aren't robbing you anymore.
@iUbookz just live within your means and the economy, ie, supply and demand, will take care of itself. now if only Uncle Sam would heed that advice... :))
the only issue I have here is that yes, the banks were forced into irresponsible policies but at the same time these banks also jumped on board of these policies and twisted it even more for their own profits - so I see both the government and the banks responsible for the current mess
12:00 Haha, you force the banks to take risk, they fail, you bail them out, you sue them to get your money back, the banks fail, you bail the banks out... WTF?!
Gold has a long way to go! Silver also! Stay out of stocks, bonds and cash. Most of all real estate!
The government owns Freddie and Fannie! We all know the government is in bed with the very banks they are trying to punish! What a joke! But after all it is all lip service. All show. The government cares not that millions got screwed. They simply care about money, elections and bonuses.
The word bubble is way overused today. Other than in history books, I never even heard the word bubble until late in the 90's.Using Schiff's own criteria, there are no bubbles anywhere right now, including treasuries. There's no talk on street about buying treasuries, there's no speculative mania. Gold, while not a bubble, is certainly being propped up by people who are not regular investors, many of whom have a portfolio entirely made up of gold and/or silver. Proceed with caution.
A great senator....but an even better president! Sadly the US isn't ready for some cold truths! No one wants you to take away the punchbowl just yet Peter!
The ''Owe''bama administration is following the plans of the Federal Reserve (as ''Federal'' as Federal Express) and intentionally imploding the US economy. Ron Paul is our only hope but he will be assassinated if he even gets close to the presidency. All the people talking about gold are just that...all talk. I am prepared. I already left the US(S)A with my capital, business, and life. I will drink the US's demise.
@mercenarybdu Gibson is getting repaid by good ole' Karma. They stole an invention that my brother took to their office in hopes of having them back him on it. It was a gitar pick holder. He even left a prototype at their office. Now, you see these guitar pick holder in music stores around the country and my brother gets zip, zero in revenues from it. Theives! Gibson gitar deserves what they get. My brother has 3 children and he could have used that money to send them to college.
@continuityofliberty Sure let me make a radio show and sound professional or perhaps I can be a clown in a circus and not wear makeup and drop balls when I juggle.
we americans have to start looking in the mirror when it comes to china/employment/corporations. they same people who complain about china are the same ones that go to Home Depot instead of the local merchant to save a couple of dollars.
Peter, I think you are an articulate person but I wish you'd stop using that old and tired cliche, "the definition of insanity is doing the same thing over and over and expecting the same results" because it's one of those saying that may be true but not always. It's like saying, "opposites attract," there are many cases where this saying is true, like magnets but there are also cases where this is not true, like capitalist business men are generally not attracted to communist women.
Schiff I want you to look at this in prospective, and see if you see what I see. November of 2008 Bush, Bernanke and Paulson bail out the big banks to avoid a global collapse. August 2011 out of control unemployment, dollar in the depths of despair, US debt downgraded, global tension, Bernanke keeps interest rates at near 0, government sues banks all while we are in a recession. "Government sues banks while US in a recession" Just the opposite of what Bush, Bernanke and Paulson did in 2008.
@Rawego Well you could be right since the most common thing about common sense is that it is UNCOMMON. :) But I suspect that you are a fan of Peter much like a high school girls' crush for the quarterback. :) S
I like hearing you Schiff and agree with so much. What I disagree is all the gold bullish talk. You sound like you own your own gold mine. The truth is that gold, and silver in a depression isn't going to put food in your mouth. I hold small amount of gold/silver not because of recession or depression but because I like having it. If /when a depression comes I don't care how much gold you or anyone else has, it will come down to survival of the fittest, everyone for themselves, kill or be killed
In my opinion, the Fed is suing the banks because the banks just took the bailout money to somewhat improve their balance sheets, but did not promulgate lending to businesses which would result in job creation and an artificially created bubble in our economy. This is the issue at hand. The banks did not hold up to their end of the bargain and the result has been no new lending and an extended recession. So the Fed is angry and is suing to get some of the bailout money back. End of story.
The only way we are gong to get jobs, and no one talks about this.The solution is to cut off China. No more imports of goods. Lets make everything here.That's it That is what screwed us and that is the only solution.
and make what, all the factories are over there, none are here. How are we going to remake factories when we have no money, no savings, and still have all these BS govt regulations
@ForTehNguyen Oh we have money. We just have to stop spending it on stupid wars. and we still have factories. We just need the demand to build product. If we stop getting everything from China the companies will pop up fast. There are a lot of very wealthy people in the US and there making millions from getting everything made in China. It has to stop, so jobs can be developed here again and we can rebuild our crumbling nation.
@freeze427 You need to take introductory micro and macro again. I am sure any community college in your area is offering these courses at a reasonable price. What you suggest makes no sense at all. In fact the first day of class you will probably learn about production possibilities curve and comparative advantage, two rudiments of economics that mutilates your suggestion that the US turtle up. People like you are crazy and are intellectual fodder for the left to wrongly accuse the rest of us.
while i agree with wat u said partially, u must remember that making stuff in the USA will cause the operating costs to skyrocket... which would be passed down to the consumers... who have no money to buy anything anyway.
wat im saying is, dont be surprised if the cost of everyday items jump by 10 times or much more. also the wonderful part about "free market capitalism" is, the gov does not have the ability to bring back the factories. with a growing China, 1.3b ppl > 300m ppl.
@freeze427 No, you fuck off, you uneducated ignoramus. Your protectionist suggestion is retarded and shows you don't even have the intellectual power of a first year liberal arts freshman, a group whose brains are minuscule to begin with. Don't get mad at me, educate and empower yourself. At least understand as much as to know the idea of "making everything ourselves" was shattered in 1817 by David Ricardo, and the principle was probably understood way before then.
@freeze427 yup. It took 20 years to cycle down jobs and wages, it will take 20 years to cycle it back. If people have so little faith in their own nation to not pay the wages needed to produce things at home then America will die forever. Erased from all future possibility. A dead nation,fall of Rome.
@freeze427 "Oh we have money. We just have to stop spending it on stupid wars. and we still have factories"
No. You have debt currency but not money. Gold is money. You're borrowing for wars, not spending. It's not the same thing. The money's already gone. It's a promise to later repay. If you stop now from China you'll be on the way but it will take 20 years. The factories are gone, dismantled, parts sold off, scrapped, gone. You can't count on the billionaires
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Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & America - Jew
1. Goldman Sachs CEO, Lyold Blankfein - Jew
2. IMF Deputy CEO, John Lisky - Jew
3. Ex IMF CEO, Dominic Strauss - Jew
4. World Bank CEO, Robert Zoellick - Jew
5. Ex World Bank CEO, James Woolfesen - Jew
6. Fed Chairman, Ben Bernanke - Jew
7.Ex Fed Chairman, Alan Greenspan -Jew
8.Obama Treasury Secretary, Timothy Geithner -Jew
9.George Bush Treasury Secretary, Hank Paulson -Jew
Stevie68000 5 months ago
Once again Peter Schiff is right on the money!
MetalHeadViking 5 months ago 3
My god you are so repetitive, Don't you have anything constructive to say? All your videos contain the same tirade without any constructive criticism,
reverenceforall 5 months ago
@reverenceforall Omg your reply is so worthless, not constructive, not helpful to anyone. People like you should be banned from YT for being so completely useless. Please never post again and kill yourself.
TWSceptic 2 months ago
@reverenceforall And you should take a blow horn and toot your own glories everywhere!
reverenceforall 2 months ago
Peter Schiff rocks !!
alimutahir1 5 months ago
Peter is reporting back from the future....lol.
alimutahir1 5 months ago
@alimutahir1 I was confused too;
31behold 5 months ago
gartman is a moron...
jchamp41781 5 months ago
Lol, i turned the video off at first thinking wtf is up with the date.
DarkYam188 5 months ago
So how come all the American jobs are now in other countries if our beloved American companies were creating jobs for us all this time? Don't be ridiculous.
reverenceforall 5 months ago
@reverenceforall You aren't asking the right question, why are American companies shipping jobs overseas? What jobs are they shipping overseas. Economics is about asking why and making yourself dig a little deeper.
jsosterhaus 5 months ago
@jsosterhaus There are higher moral principles than the profit motive, but we Americans can not think of anything but money. In the name of profit we have multiple wars, millions of people in prison, the economy has collapsed yet we can still do nothing but think about money. What a tragedy. Where there is no altruism, that society is doomed. Look around you:)
reverenceforall 5 months ago
@reverenceforall I completely respect your perspective, but the truth is the socialism fails because of human nature. Simply put, unless incented the majority of humans will choose to let others carry the load. What current or historical examples can you display on the success of socialist policies. Histtory is doomed to repeat itself.
jsosterhaus 5 months ago
@jsosterhaus Actually I am not talking about Socialism. Patriotism does not mean Socialism. Chosing your own country over others is not socialism. Socialism means that the group is more important than the individual and excludes all individual rights. The complete opposite of Socialism is not freedom, it is anarchy. We all have to sacrifice something for the sake of the greater good, that is just reality so a happy medium has to be found.
reverenceforall 5 months ago
@reverenceforall The bottom line is not everything, there is something called patriotism that takes precedence. You will never find the Indians and Chinese shipping their jobs abroad for any reason. The profit motive does not justify the ruin of one's own country. That is the problem with America. Everything is about money and nothing else. That is the reason that we have all these unreasonable wars and prisons and the collapse of the economy.
reverenceforall 5 months ago
cant wait for peter to go to capitol hill on tuesday
MEv1551 5 months ago
by the treasury he means the fed
TheBlitz1 6 months ago
stop throwing softballs at Obama, Peter. The guy is a treasonous criminal, a long legged mack daddy.
TadRapidly 6 months ago
@TadRapidly
He'd stop being invited on tv if he called Obama the same names as Pastor Manning...
rmccay88 6 months ago
Pete love your channel, keep up the great work
Redeye1524 6 months ago
Peter's invention of a time machine pales in comparison to his understanding and exposing of financial markets and government policies. Keep up the good fight brother, I always enjoy your appearences on BNN up here in Canada, and please let us know of any public appearences in the Vancouver area. Already we are seeing a few major pension plans in the US and Canada taking the initiative to protect themselves by moving into gold and precious metals. I expect we will see many more very soon.
Complaintdesk 6 months ago
Gold only broke $1700 just over 30 days ago.
Today it's "crashed" down to $1800.
LibertyDownUnder 6 months ago 2
Peter, don't you think this is all planned a being fulfilled exactly the way they want it. You seem to be pushing a log chain. Will all your hard work really save our country? Lindsey Williams seems to think this is going to happen no matter what. Are we gonna be able to stop it or should we just keep getting ready?
SilverRussell 6 months ago
At this point, I guess your definition of insanity would also cover thinking that the politicians might make laws and policies beneficial to the country.
anythingforadollar 6 months ago
Gartman just went on Fast Money and mentioned how he's been long gold for a long time and that he still recommends gold.
dangolf1890 6 months ago 6
@dangolf1890 Timmy Seymour has been putting Gartman on the spot. Kudos for Seymour calling him out 2x. (ie. today and a little over a week ago when Gartman said he wish he had sold everything.)
dohsinbebe 6 months ago
I pine for the days when we'll actually have the nuts to let the free market work.
mcourtmiller 6 months ago
@ADRIANC92ER well theres gonna be a worldwide financial crisis and at times like this people are most easy to brainwash with bs like "it was china's fault!" or some crap, and then the sheeple beleive and go to war, after which a new world currency will be created and borderless world state as well, under the pretense of absence of a possibility of war like ww2 or 3 since there are no countries. You can laugh at me and call me crazy, i wont even be offended by that. Just watch.
skatersmith 6 months ago
@skatersmith Agree people blame the people such as China, they are doing the present US consumer such a big favor, giving us their goods they worked hard to produce and in return we give them a diminishing toilet paper (US$). A new world currency would be great instead of this debt financed system we have, preferably a gold standard brought on by the free market. Borderless trade would also be great for the whole world.
ADRIANC92ER 6 months ago
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@skatersmith We are already in a quasi WW3 it is US, Canada, and some European countries vs Middle eastern countries. However i don't it will be near the tens of millions of people that died in WW2. Nor do i think nuclear weapons in the same scale as what was used in japan will be used anytime soon.
ADRIANC92ER 6 months ago
This guy is incredible good. Its common sence
mikolanda0429 6 months ago
Depending on how harsh the WW3 is, it may not even be wise to invest ALL money in gold, for history tends to repeat itself, and during WW2 in europe and USSR people had to exchange gold coins for tiny amounts of bread. So diversify. And get some solar cells.
skatersmith 6 months ago
@skatersmith I guess i have to ask, why would there be a WW3 anywhere near the scope of WW2 in the immediate future?Don't get me wrong, i think investing in solar cells is great, as it will lessen your electricity bill over time, lets you be more independent, and is more environmentally friendlier.
ADRIANC92ER 6 months ago
So the government bail out the banks they helped the destroy and now they also want to sue them? Man the world is messed up.
life0is0just0a0ride 6 months ago
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exitiummagnum 6 months ago
gartman=garbageman.
mtube620 6 months ago
Awesome Peter!
kevincolmergmail 6 months ago
Dammit I need to take my money back to 10 years ago.
13lackLight 6 months ago
The reason why we are in this economic crisis is because of YOU america. You have ZERO financal education. If you cant afford then dont buy!! I knew people who bought brand new cars but couldnt afford the gas. I knew friends in highschool who had 10k limit on their credit cards and didnt even have a job! i knew people who borrowed against their homes to buy stocks thiking they would be rich! The banks are only happy to loan you more money.
cesar333 6 months ago
The silver market is the most sensitive to QE since investors who see the problems with QE are drawn to silver. Silver's correlation to equities has been pretty negative the last few weeks because the expectations of QE rise when stocks fall. It's no longer worth going long silver and short equities because it is now essentially the same trade.
thesilverjournal 6 months ago
Cut the all crap here - keep buying gold and silver and you will see a bright tomorrow... The economy is screwed when debt itself becomes toxic plus quantitative easing - I'd rather call it quantitative uneasing!!... Paper money is fake plastic money is fake(credit card), Only gold and silver is real money - got it dude....
mashiman77 6 months ago
Was it zero jobs or like 4? I would have loved if the jobs number was a number like 4 or 6, just to see the expressions of the peacock talking heads.
Of course, now the NLRB is forcing businesses to post union propaganda, just like the Wisconsin union guys telling businesses to post pro-union signs or be picketed. Maybe they'll force us to put up Obama signs & bumper stickers at election time.
BurnOutXL 6 months ago
I still say the govt.s actions are akin to me running my personal finances like a circus. It is like using my credit card to withdraw money at the ATM,and depositing it in my savings account. I'm going to sue my wife for buying a dress that didnt fit.If I win,I'll give her the money to go shopping again!
superpoof 6 months ago
rothschild UNDERGROUND vaults that is.
666ASTANA 6 months ago
Like Ron Paul says the FED AND FORT KNOX should be AUDITED...I bet the U.S. GOLD RESERVES are stashed away in one of many ROTHSCHILD VAULTS. lol
666ASTANA 6 months ago
I THINK if U picture the ROTHSCHILD family as the JOKER in BATMAN U can get a good handle on what's happening in the USA...OBAMA is just their puppet.
666ASTANA 6 months ago
November 2 ......huh?
gronlaf 6 months ago
I knew this day would come - I'm actually in the future
OghamTheBold 6 months ago
holy fucking shit. Peter is sharp as always, but the part starting around 11:00 is just AWESOME
acotytamwiesz 6 months ago
Not November !! Oooops..
mrstockskeptic 6 months ago
@sr007usa LOL! YEP AHAHHA
dreamslides 6 months ago
great video
a4finger 6 months ago
I totally agree with Peter! First our government bailed out the bank, now they turn around and sue the Banks for the same reason that Banks got bail out at the first place! What will the government expect to accomplish with this law suit? What if the bank lost and go bankcrupt...would the government then bail them out again? and if not then why did they bother to bail them out at the beginning? If this is not insane then I dont know what is!
TheBigdick888 6 months ago
Peter - gold mining stocks are trading at 30+ P/E ratios. How can you say they are undervalued when the average for stocks is typically a 15 P/E.
funwire 6 months ago
Thanks Peter. Another excellent video. I suspect that the whole idea of suing the banks is really just another justification for further bailouts.
SuperSpidey25 6 months ago
Defense, SS, medicare is whats destroying america. We dump so much money into those sectors. How do you expect the government to live within its means when the average american has ZERO financial education. If my neighbor is 250K in CC and student loan debt, i can only imagine what others are doing.
cesar333 6 months ago
As usually excellent! Thank you Peter!
tanozVIP 6 months ago
Same insane crap form Obama, he just replaced/hired a new chief economic adviser who is from Princeton, so we will absolutely see the recommendation for 2.5 mil new jobs, only they will be for soldiers...
yaahme 6 months ago
for the life of me I cannot understand why the people in CT did not embrace your views, message and the truthfullness of your messages. You are a true patriot. Keep up the good fight. Speak the truth and don't worry if people r listening or not. Good luck
nyc10101 6 months ago
If they gave the STIMULUS to the people instead of the BANKS
economy would be really better
racenemo 6 months ago
@racenemo Like the Bush Stimulus plan... How about the government just stops going into debt to finance our current over consumption?
ADRIANC92ER 6 months ago
please not gibson
fungulotualatuarazza 6 months ago
Peter, do you still think that Hyperinflation is still a certainty in the US? If so, would you be willing to place a LARGE bet with Mike Stathis of AVA research?
Google "Mike Stathis Should Americans Worry"
fuxoffyo 6 months ago
@fuxoffyo Schiff has said that the Fed would probably raise real rates before hyperinflation, but not after already having massive inflation.
ADRIANC92ER 6 months ago
@fuxoffyo Just read his site, he does not mention most of the calls Schiff has made on what he's bullish on GOLD. Schiff has said he sees gold more of a medium of exchange then an asset, taking that into account, that guy said buy the DOW at 6500, in gold terms, wasn't good. Schiff has also said he is expecting a 5:1 gold/dow ratio by the end of 2012, so far it seems like it's on the way their. So Schiff has been more accurate, he just somehow forgets these things, or didn't know about them.
ADRIANC92ER 6 months ago
@ADRIANC92ER
Peter has not been more accurate. If he was more accurate someone would have claimed the 100K he has up on his website to find anyone with a better track record than he (Mike Stathis). Buying into the DOW at 6500 wasn't a good strategy? That's hilarious considering you know who's clients got murdered in 2008. Either you are biased, forgetful, or uneducated of the facts.
Please leave a comment on Mike's articles on VT with what you said so you can see the error of your ways.
fuxoffyo 6 months ago
@fuxoffyo Schiff has been pretty accurate on the broader economic view, look at the foreign currencies he has owned over the years. No, that buy was not good when you price it in gold terms, and yes his clients lost alot of money in 08 , but hey he has gained that and more since then. I probably won't bother to post in his site because he will probably not want to price the DOW in gold terms, or look at Schiff's foreign investments, if i were him i wouldn't, losing 100k is too much to loose.
ADRIANC92ER 6 months ago
@ADRIANC92ER
You are looking at this from one perspective. Do you even know Mike Stathis track record? For me to pony up 100K for any joe-schmo to claim is quite a bold move. How about you go look up his track record on his site or better yet read his book "America's Financial Apocalypse" which predates Crash Proof by a good year.
If you don't look into Stathis any further, than please remember the name when you get burned from bad investment advice.
fuxoffyo 6 months ago
@fuxoffyo Yes i saw his record on his website, the fact his book was published before Schiffs book does not matter, as Schiff was saying this stuff before the book was published. Again Schiff's broader economic outlook in the past decade has been pretty accurate, which currencies to invest in, what countries are going to be growing. Yes he lost money in 08, but guess what he has gained all that back , and he is now even opening up a bank outside the country, doesn't seem like he's doing bad.
ADRIANC92ER 6 months ago
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@fuxoffyo Yes i saw his record on his website, the fact his book was published before Schiffs book does not matter, as Schiff was saying this stuff before the book was published. Again Schiff's broader economic outlook in the past decade has been pretty accurate, which currencies to invest in, what countries are going to be growing. Yes he lost money in 08,but guess what he has gained all that back , and he is now even opening up a bank outside the country, doesn't seem like he's doing bad.
ADRIANC92ER 6 months ago
there is resistance to buy gold and there is always be compareed to stocks because it is scarced. so it is a bubble.
MsH1h1h1h1 6 months ago
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November 2nd?
MsH1h1h1h1 6 months ago
what about the nikkei over 40,000 lool, Dennis is a life noob
Tomta20012 6 months ago
gartman will be recommending gold as the ultimate investment once its reached 10.000 dollars lol. those people make their living recommending financial investments and yet they have a (financial) IQ of toast
managarm1349 6 months ago 8
@managarm1349 No one is that stupid, their job is to promote a political agenda, if they actually told the truth and gave sound advice they would be failing at their jobs. This includes all of the TV media.
anythingforadollar 6 months ago
LMAO love the way that your raggin on Dennis Gartman. Hes another funny character that has nowhere near the amount of knowledge you have. His subscribers of his crappy newsletter should go to you.
askchrishetrades 6 months ago
Cartmen on Gold?
Respect my Authority?
SHEEPLEwhisperer 6 months ago
dam peter shit looks tight!
TheBlitz1 6 months ago
November 2nd?
keltingr 6 months ago 24
Comment removed
exitiummagnum 6 months ago
@keltingr Hey, Peter is a supernatural prophet! Living in the future...
exitiummagnum 6 months ago
@keltingr Peter Schiff can time travel
ArielCaboob 6 months ago 8
@keltingr Never doubt the powers of Schiff
Redeye1524 6 months ago
Gartman sold more than half of his gold a few days before gold price went over $1,900. When he called gold a bubble he was buffering. Gartman is a gold bug while Peter Schiff is a gold bull. The difference is the quality.
prinshang 6 months ago
Nov. 2nd. 2011? Come on Peter your always up on everything! Sorry, I just had to do it. I read most of your books, and just want to thank you for the help they were to me in the last 4 years on saving money & investing! Thanks again and keep up the good work, we are always listening!!!
450984 6 months ago
@450984 Peter, so like what has happened in the past two months? I could really use this info in my short term investing. TIA.
GoldSilverLead 6 months ago
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Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & America -Jew
1. Goldman Sachs CEO, Lyold Blankfein - Jew
2. IMF Deputy CEO, John Lisky - Jew
3. Ex IMF CEO, Dominic Strauss - Jew
4. World Bank CEO, Robert Zoellick - Jew
5. Ex World Bank CEO, James Woolfesen - Jew
6. Fed Chairman, Ben Bernanke - Jew
7. Ex Fed Chairman, Alan Greenspan - Jew
8. Obama Treasury Secretary, Timothy Geithner -Jew
9. George Bush Treasury Secretary, Hank Paulson -Jew
Stevie68000 6 months ago
my taxes rose, coupled with inflation, I should be the one screaming bloody murder. I like you Peter but if you are not waging this argument on behalf of americans who fit that criteria, then your position regarding this matter is erroneous.
autofill67 6 months ago
I agree with peter on most of his positions but I think he is being disingenuous about the tax burden of the rich of which he is one. Peter often says he pays 45 percent of his wages in taxes but that is just half the story. He is also earning more so he is actually netting more than the people who's wages dont increase. Americans who's wages are not rising at the rate of inflation or those who have lost their jobs have the real argument. If i made 40k every year and my taxes rose, then...
autofill67 6 months ago
Excellent video Peter. To use a basketball analogy, my starting five economists are Peter Schiff, Doug Casey, Thomas E. Woods, Walter E. Williams, and Jim Rogers.
chesterland196162 6 months ago
Peter Schiff.... The Schiffster,..... Schiff-O-Rama,.... The Shiff-Meister!
Skudgeboy 6 months ago
Anonymous is initializationing
Operation Icarus > Google It Get Involved.
Starting in NOV... Wall Streets First ! From what I read.
ibelucky1 6 months ago
November 2011 huh?
Ludacrism 6 months ago
It seems very strange that the final results were zero jobs. This is a very rare number of jobs to get. Are you sure they didn't just round up the real number?
Solverwiz 6 months ago
What gov wants to do if you haven't noticed yet is they are trying so hard to destroy the american dollar. The Global Elite - Big Gov - want a universal International currency. With everything being made in china these day the Global Elit and CEOs are living beyond their wildest dreams. If they eliminate the dollar and bring in a new GLOBAL CURRENCY , it will be alot easier for them to do business...
ibelucky1 6 months ago
@ibelucky1 A lot of folk seem to think the collapse of the dollar is planned but I personally think that Ben Bernanke really believes that they can kick start the economy by doing QE because he is a Keynesian and that's what they think!
titan13131 6 months ago
Great quality video, much better quality than they use to be and much better than listeners questions which someone said looked like it had been filmed with a microwave ^_^ and good info as always (:
titan13131 6 months ago
I read an article by Bill Gross which made a lot of sense right up until the end. At the very end he started talking all this Keynesian nonsense, about how the government should start spending money on public works to "stimulate" the economy and get it going again.
Whenever i hear people quoting any Keynes nonsense that are in a position of investment i lose all respect for them!
NicosMind 6 months ago
The hard cold truth is America is doomed and its not just the goverments fault, Americans are lazy and dumb these days. Those of you who are still out there working hard and are concern with the future better start right away researching ways to protect your savings. Either through aggriculture, gold, silver or energy stocks because there is no way we can compete with China, most Americans are more worried about making friends on facebook than the dollar collapse an our politicians arent helping
jezza1789 6 months ago
peter is too far - it's awkward
kraskata2012 6 months ago
it's not the economy, it's the LAWYERS, stupid :))
Peter, you put a smile on my face every single day!
Rawego 6 months ago
It is possible that gold and silver will be seized by the government for the good of the nation.
iUbookz 6 months ago
@iUbookz no, why?
MsH1h1h1h1 6 months ago
So how do people save, when they are not working? and if there is no buying, what will create demand? No easy answers
iUbookz 6 months ago
@iUbookz save by holding what loses value the lowest: silver, gold coins, food, as prices go up. If you can't buy anything you're already done. Too late: there's no hope. SOME have risked home sale and/or credit cards for silver. I don't recommend that but it's worked in the past. Declaring bankruptcy & hiding any silver or gold will help ensure the banks aren't robbing you anymore.
ytgv3fc7 6 months ago in playlist 1 2011 09sep 03
@iUbookz just live within your means and the economy, ie, supply and demand, will take care of itself. now if only Uncle Sam would heed that advice... :))
Rawego 6 months ago
Aaaaaaaaaaaaaaaaaaawaaaaaqwqaaaqq
jklenoff 6 months ago
AaazAeaazaaaaaadaaaaza
jklenoff 6 months ago
He said that it was Friday Nov 2nd 2011?
Jimhill58 6 months ago
@Jimhill58 This is broadcast live from the future. All opinions stated as past-tense should be understood as not having happened yet.
ctastrophe 6 months ago
he nailed it on the banks.
Web2525 6 months ago
the only issue I have here is that yes, the banks were forced into irresponsible policies but at the same time these banks also jumped on board of these policies and twisted it even more for their own profits - so I see both the government and the banks responsible for the current mess
vraiser79 6 months ago
Peter bond yields are low because banks can load at 0% from FED, and buy bonds for free profit.
Voy2378 6 months ago
@Voy2378 if you take inflation into account, they are actually losing money so this won't go on for long.
theslimeylimey 6 months ago
@theslimeylimey
no they are not, because their debt is is $, it is still free money
Voy2378 6 months ago
"Job destroyer in chief..." @2:30 Toooo funny because it is soooo true.
dylan14570 6 months ago
12:00 Haha, you force the banks to take risk, they fail, you bail them out, you sue them to get your money back, the banks fail, you bail the banks out... WTF?!
Visfen 6 months ago
Great job Mr. Schiff.
truefictions 6 months ago
thank you
RingWarrior12 6 months ago
Gold has a long way to go! Silver also! Stay out of stocks, bonds and cash. Most of all real estate!
The government owns Freddie and Fannie! We all know the government is in bed with the very banks they are trying to punish! What a joke! But after all it is all lip service. All show. The government cares not that millions got screwed. They simply care about money, elections and bonuses.
clearasvodka 6 months ago
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Ron Paul 2012!!!
innulja 6 months ago
Peter, are the Banks being sued because they gave the loans or they packaged them up and mislead investors with the securities?
maxxmann34 6 months ago
The word bubble is way overused today. Other than in history books, I never even heard the word bubble until late in the 90's.Using Schiff's own criteria, there are no bubbles anywhere right now, including treasuries. There's no talk on street about buying treasuries, there's no speculative mania. Gold, while not a bubble, is certainly being propped up by people who are not regular investors, many of whom have a portfolio entirely made up of gold and/or silver. Proceed with caution.
christo930 6 months ago
Now we know! Peter Schiff has his own time machine and he is having trouble remembering the dates. Lol.
Can you tell me when the next war is going to start?
RandallSteen 6 months ago
In Euros GOLD is the highest price ever NOW!!
BITARTEN 6 months ago
Your show is now on RadioAmerica? I'll try to check it out sometime.
chiyerano 6 months ago
WAKE THE HELL UP AMERICA! --- Join the Revolution
-
Read “Common Sense 3.1” at ( revolution2.osixs.org )
-
We don’t have to live like this anymore. "Spread the News"
FIGHT THE CAUSE - NOT THE SYMPTOM
MorpheusX001 6 months ago
Fannie Mae and Freddie Mac must be dissolved and replaced with nothing.
kroovyandcal 6 months ago
Peter! you got the month wrong at the beginning
propjam2 6 months ago
A great senator....but an even better president! Sadly the US isn't ready for some cold truths! No one wants you to take away the punchbowl just yet Peter!
barrykelly123 6 months ago
The ''Owe''bama administration is following the plans of the Federal Reserve (as ''Federal'' as Federal Express) and intentionally imploding the US economy. Ron Paul is our only hope but he will be assassinated if he even gets close to the presidency. All the people talking about gold are just that...all talk. I am prepared. I already left the US(S)A with my capital, business, and life. I will drink the US's demise.
msungs 6 months ago
I like the new background an the mic in the shot.
TheDeucePhoenix 6 months ago 2
Obama is killing jobs as demonstrated with that raid on Gibson
mercenarybdu 6 months ago 21
@mercenarybdu Obama is a puppet.
deadcell1 6 months ago
@mercenarybdu Gibson is getting repaid by good ole' Karma. They stole an invention that my brother took to their office in hopes of having them back him on it. It was a gitar pick holder. He even left a prototype at their office. Now, you see these guitar pick holder in music stores around the country and my brother gets zip, zero in revenues from it. Theives! Gibson gitar deserves what they get. My brother has 3 children and he could have used that money to send them to college.
Volcano2014 6 months ago
Peter has a problem with slurring and smacking his lips.
Tishela 6 months ago
@Tishela ha, ha...makes him human :)
WhereDidItAllGo7 6 months ago 2
@Tishela and you have a problem with pointing out the obvious, awkwardly, with no point in sight :))
Rawego 6 months ago
@Tishela - ever hear about speech impediments? some people have them.
texndaisy 6 months ago
@Tishela
Please make videos so we can all criticize your habits.
continuityofliberty 6 months ago
@continuityofliberty Sure let me make a radio show and sound professional or perhaps I can be a clown in a circus and not wear makeup and drop balls when I juggle.
Tishela 6 months ago
we americans have to start looking in the mirror when it comes to china/employment/corporations. they same people who complain about china are the same ones that go to Home Depot instead of the local merchant to save a couple of dollars.
krillin876 6 months ago
LOL, Peter said today is Nov 2nd in the beginning.
impratik 6 months ago
Did you travel two months into the future?
ThePyro3825 6 months ago
Peter, I think you are an articulate person but I wish you'd stop using that old and tired cliche, "the definition of insanity is doing the same thing over and over and expecting the same results" because it's one of those saying that may be true but not always. It's like saying, "opposites attract," there are many cases where this saying is true, like magnets but there are also cases where this is not true, like capitalist business men are generally not attracted to communist women.
Steve2323ZX 6 months ago
Schiff I want you to look at this in prospective, and see if you see what I see. November of 2008 Bush, Bernanke and Paulson bail out the big banks to avoid a global collapse. August 2011 out of control unemployment, dollar in the depths of despair, US debt downgraded, global tension, Bernanke keeps interest rates at near 0, government sues banks all while we are in a recession. "Government sues banks while US in a recession" Just the opposite of what Bush, Bernanke and Paulson did in 2008.
joerdiaz 6 months ago
Sorry Peter you are lying and pulling a fast one on many of the issues you talked about. And finally selling a bad product is worth suing. S
StyngRay1 6 months ago
@StyngRay1 common sense is not your forte :))
Rawego 6 months ago
@Rawego Well you could be right since the most common thing about common sense is that it is UNCOMMON. :) But I suspect that you are a fan of Peter much like a high school girls' crush for the quarterback. :) S
StyngRay1 6 months ago
I like hearing you Schiff and agree with so much. What I disagree is all the gold bullish talk. You sound like you own your own gold mine. The truth is that gold, and silver in a depression isn't going to put food in your mouth. I hold small amount of gold/silver not because of recession or depression but because I like having it. If /when a depression comes I don't care how much gold you or anyone else has, it will come down to survival of the fittest, everyone for themselves, kill or be killed
joerdiaz 6 months ago
Oops! It's actually September 2, 2011 Peter.
seanvogt221 6 months ago
NIce background!
mastaPh 6 months ago
The bank part is SO funny...LOL.
Another great report Peter, imo.
McRocket 6 months ago 15
Schiff is a goddamn hero
RealTalkification 6 months ago
@RealTalkification he is the Moses of our time. or am i taking Peter too seriously? :))
Rawego 6 months ago
@Rawego
Thats a bit too much. But him and jim rogers are the only economists i bother with anymore.
RealTalkification 6 months ago
In my opinion, the Fed is suing the banks because the banks just took the bailout money to somewhat improve their balance sheets, but did not promulgate lending to businesses which would result in job creation and an artificially created bubble in our economy. This is the issue at hand. The banks did not hold up to their end of the bargain and the result has been no new lending and an extended recession. So the Fed is angry and is suing to get some of the bailout money back. End of story.
kja4157 6 months ago
The only way we are gong to get jobs, and no one talks about this.The solution is to cut off China. No more imports of goods. Lets make everything here.That's it That is what screwed us and that is the only solution.
freeze427 6 months ago
@freeze427
and make what, all the factories are over there, none are here. How are we going to remake factories when we have no money, no savings, and still have all these BS govt regulations
ForTehNguyen 6 months ago 3
@ForTehNguyen Oh we have money. We just have to stop spending it on stupid wars. and we still have factories. We just need the demand to build product. If we stop getting everything from China the companies will pop up fast. There are a lot of very wealthy people in the US and there making millions from getting everything made in China. It has to stop, so jobs can be developed here again and we can rebuild our crumbling nation.
freeze427 6 months ago
@freeze427 You need to take introductory micro and macro again. I am sure any community college in your area is offering these courses at a reasonable price. What you suggest makes no sense at all. In fact the first day of class you will probably learn about production possibilities curve and comparative advantage, two rudiments of economics that mutilates your suggestion that the US turtle up. People like you are crazy and are intellectual fodder for the left to wrongly accuse the rest of us.
EnnesX 6 months ago
@EnnesX Fuck off. We sent all our jobs to China because of greed. Now we need to fix it.
freeze427 6 months ago
@freeze427 So who is greedy? Everyone i think.
youtube.com/watch?v=RWsx1X8PV_A
cashfornothing 6 months ago
@freeze427
while i agree with wat u said partially, u must remember that making stuff in the USA will cause the operating costs to skyrocket... which would be passed down to the consumers... who have no money to buy anything anyway.
wat im saying is, dont be surprised if the cost of everyday items jump by 10 times or much more. also the wonderful part about "free market capitalism" is, the gov does not have the ability to bring back the factories. with a growing China, 1.3b ppl > 300m ppl.
Ristar85 6 months ago
@freeze427 No, you fuck off, you uneducated ignoramus. Your protectionist suggestion is retarded and shows you don't even have the intellectual power of a first year liberal arts freshman, a group whose brains are minuscule to begin with. Don't get mad at me, educate and empower yourself. At least understand as much as to know the idea of "making everything ourselves" was shattered in 1817 by David Ricardo, and the principle was probably understood way before then.
EnnesX 6 months ago
@freeze427 yup. It took 20 years to cycle down jobs and wages, it will take 20 years to cycle it back. If people have so little faith in their own nation to not pay the wages needed to produce things at home then America will die forever. Erased from all future possibility. A dead nation,fall of Rome.
ytgv3fc7 6 months ago
@freeze427 "Oh we have money. We just have to stop spending it on stupid wars. and we still have factories"
No. You have debt currency but not money. Gold is money. You're borrowing for wars, not spending. It's not the same thing. The money's already gone. It's a promise to later repay. If you stop now from China you'll be on the way but it will take 20 years. The factories are gone, dismantled, parts sold off, scrapped, gone. You can't count on the billionaires
ytgv3fc7 6 months ago
At around the 4 min 45 second marker on your video you did something really AWESOME....you gave direct links to your radio program !!!
This is good because...when your video gets