Peter Schiff on Bloomberg TV Great Interview 1/2

[stokepogue]

Damn right it got worse after Obummer. The fact that unemployment in WA state where I live shot up to over 9.0% between sept 2008-mar 2009 and not going below that ever since is just icing. Bureau of labor statistics website says so.

[jeiison]

"not in the same park..." LOLS Peter Schiff owns!!!

[plodej]

The thing is, if the government did everything that the Austrian School suggests all those mainstream Keynesian pseudo-economists would be jobless and so would all of the government crooks. That's why they are afraid of the change. Funny and tragic.

[westy44cal]

If you listen closely to all these people who disagree with Peter, especially after he made the accurate recession call, is they all say "I think" this and "I think that". Where as more often then not Peter says "This WILL happen". It's the conviction in his beliefs that is almost more impressive than his highly accurate predictions over the years. And I'm glad he's being a bit more arrogant when asking what your forecasts were a few years ago. Not rocket science what he's saying here IMO.

[string22]

America... forever scared to do nothing

[sherbybaby1]

Peter Schiff look like a genius beside those "innocent" who try to argue ... They don't know anything and they are on National TV...wow...I do a major in Economic right now and this is exactly what we learn: FUNDAMENTALS.

[Skunny87]

Gold>DOW

Look up what 'nominal gains' means. ROFL

[Bluto2973]

Schiff making two guys look like idiots. I've seen this before.

[fuckutube74]

Peter Schiff said sell the Dow at 7300

its now 12000

[Cloudrunner1]

@fuckutube74

That's in dollar terms, measure it against gold.

[fuckutube74]

@Cloudrunner1 the dow has gone up 100%

How much has gone gold up since then?

[crutch79]

@fuckutube74 Around 100% my friend, gold hit a low around 780 or so in 2008.

[WarrivarNeo]

Marky boy seems to not understand supply and demand...

[whereismybailouttv]

Jim Rogers for Secretary of the Economy!

[TheMEK3]

Peter straight up spanked him @ 8:22

[AFRIKTODAY]

Doing nothing is an oxymoron! Doing nothing is actually refusing to "intervene"; thus " doing something" which is to allow the market to flush the malinvestment out and re-establish a sound balanced price system for entrepreneurs to invest and direct their capital toward better economic prospects. Not acting is therefore a form of action!

[bonfirejovi]

Also they were complaining about Gold going to $800 and it is now at $1255!

[bonfirejovi]

It is amazing how people bitch about Wall Street was levered 30:1 or 40:1 while Freddie and Fannie, under the eyes of Congress, were levered 80:1!

[rmccay88]

The other two are so clueless. I almost fell out of my chair when the one idiot said the printing press is the solution. How stupid can you be? I thought only Greenspan and Bernanke would make such a statement.

[faviershoo]

Peter rocks..

[jjwmonsta]

These 2 guys make Peter look good. Notice that Peter does most of the talking because the other 2 have no idea what they are talking about.

[aviomaster]

WO Thank you Peter Shiff another point of view ... I was sick of listening of GOOD times ahead when I see bad things around me ...

[bonfirejovi]

why are they still arguing with peter, havent they been proven wrong enough times? it is getting embarrassing.

[n16music]

@bonfirejovi that's what i'm saying.... peter should be president, then maybe our economy will finally begin to rise.

[hamzyboy]

Let the "laissez-faire" do it works , the market regulate itself , Too big to fail is wrong they should have let these corporations go bakrupt!

[jeremyraybrown]

My God, how dumb are these people? Peter describes it to them as simplistic as possible and they still argue.

[youthinksoo]

Peter Schiff was right PART 2 has already begun! Gold is doing great!

[stealthpakfa]

who are the other monkeys?

only schiff is correct!

[radicals88]

Schiff is like a man processed with knowledge. He knows his shit, he knows the ways and means of the economy. The other two guys are floundering.

[Sivels]

I only watch news to glare at these foxy news reporters.. and occasionally when peter schiff is a guest

[ralph432156]

betty liu needs to come out from behind the desk and show her fab legs.

[xmei88]

good inverview, thanks for that

[steelfright1212]

"you gotta print the dollars." haha, printing fucking monopoly money so the government can consumate its hold on power.

[spernoadversa]

You mean that isn't the solution? I was gonna suggest printing 150 trillion dollars to get america out of this mess. Print money!! What a moron!!

[KeanOOO]

Hey poster (ttj776) I enjoyed your use of quotation marks around "experts".

[salahuddin786]

The guy in the middle is just a ****head nerd. He talks trash whatever little talk he does with Nope or no erm oh mmmm

[tantrick]

Analyst who are so irresponsible like these two bubble head should not be allow to analyst much like Ben Stein. Btw, Ben Stein should just quit already.

We don't need two sides' analogy but only the good side like Peter Schiff.

I respect him more each time he open his mouth.

[loren1283]

Dude in the middle got smacked down.

[NIKKKRED]

AMERICA becoming socialist !! WHat a disaster ! Im european and I tell you America ! DO not become socialist ! Capitalism and free market economies are what made America strong !

[n16music]

@NIKKKRED but with obama's way of thinking, that's gonna be a hard stride

[NIKKKRED]

If America's economic policies were dictated by this guy...The country would be in much better shape today !

[ABOSOLUTEKNOWLEDGE]

dam the china doll chick is hot

[TWN321]

No doubt!!! I've been living in Japan for the last year and I have a new appreciation for Asian women. Never really noticed them much before. This chick here is HOT!!!

[usadefcon1]

His point at 06:36 is absolutely right. So much for being a superpower, it was fun while it lasted.

[the1337k1ng]

Ouch. His statement at 07:32 must have hurt.

[istvangy86]

Well... that's where the Amero comes into play. That's the backupplan. And that is comeing 4 sure. Right after the crashing!

[kittylondon]

harsh but true....suck it up. great for US driving the global GDP but to what cost to the US..,ergo the world...?

[iolanik]

what's incredible is the numebr of so called analysts on this show who are programmed into the government's plan to print more funny money and buy their way out of recession when in fact they are making it worse. Schiff is right on the money as is others on this topic. What is different now is that the U.S. gov't has pulled the wool over the world's eyes by sellng all this junk debt to the world. How is the U.S. economy going to rebound? By giving the U.S. consumers more debt?

[PhotonDrive]

No FUEL is SUSTAINABLE! {self-evident}. So one simple rule: no new building or transport not energy self-sufficient. Quick phase-out of rest. Dismay of FUELISTS? It should - no Oil, no Nukes, no coal, no Alcohol, no Hydrogen - gas or water based, no wood, {no wires going in} and the big one: NO POSTPONEMENT!!! Now! No choice: credit frozen, shipping frozen, imports frozen, exports frozen, jobs cut. {eff.} 3% & on to DEATH, or{eff.} 90% & to new world: is that a CHOICE?

[PhotonDrive]

The "American Dream" has turned into a NIGHTMARE! The 3% efficient fuel-motor cars & stick houses have become the cells of financial SLAVES! Armies of employed, yes - but who to afford them? Credit games played: today credit cards cut, interest raised; but new "window" opens - they will "give" you a gas car for BEING EMPLOYED - no mention of price or total cost at all! A big new SUV FREE: but for how long? 3 months?

[GANGSTAMUFUKA]

lets chat

why cant i see the video LL

[sillycars]

haha americans are so dumb, this guy is a genius and no one is listening to him

and hes right we are going to stop giving you money and we will profit by shorting your dollar at you loss

[KSoda]

I heard only one guy in this vid who has this economy pegged, his initials are P.S. His advise in 2/08 saved me from loosing my shirt after my financial advisor had his hands so deem in my pockets. Thanks Peter!

[7cosanostra]

I NEED SOMEONE TO TALK TO

this video was good rC

[adrianaJacobs]

When are you predicting will be that day when people rush out of cash into assets, being concern on about the monetary impact of the liquiditing injection on asset prices?

[OutlawTomFantastic]

That guy seemed pretty speechless after Peter Schiff made his first statement. He tried to refuse to answer at first because I guess he had nothing credible to say?

[Piscivorus]

The solution is MONETARY REFORM!

A new gold standard? lmfao! Nothing but price fixing which is inherently anti-capitalistic.

SOLUTION =:

* Get rid of the federal reserve

* Ban fractional reserve banking

* Repeal the 16th Amendment

* Eliminate income taxes

* Issue and maintain a necessary supply of debt-free government fiat.

Government fiat can be issued as payment for whatever the government buys. Then, when necessary, a very low national sales tax is all that's needed to prevent inflation.

[alby711]

yes! yet i do believe that silver can have a part in this solution as well. gold is way too scarce therefore manipulatable.

[Noisycowonline]

Peter should hire a food taster/tester and never eat at the same place twice!

People that talk like him have a tendency to get ill.

Much respect.

[mastershake99]

"I think that government policies are needed to cushion the downside."

On behalf of all poor Americans: No! No fucking "cushions." You guys can't build a "cushion" without bankrupting the whole damn country. Stop lowering the value of my currency with this damned inflation, let me keep some of my money and I'll be just fine. I don't want to live in a welfare state.  These Soviet Economic Planners can go shove it.

[chootlund]

It'll be fun to see the two a**es rotting in the streets when the s**t hits the fan.

[chootlund]

Peter should tell the other two d**kheads to F**K OFF.

[meCrystalp]

I liked it @ the 00:40 the 6:37 and the 08:10 min. Marks. Peter Schiff...Is the only one with a brain.

[meCrystalp]

I liked it @ the 00:40 the 6:37 and the 08:10min. Marks. Peter Schiff...Is the only one with a brain.

[DaryllDickens]

Those other "experts" will most likely be in another "Peter was right" video a few years from now in the future, looking like a complete ass, just like Ben Stein. Government intervention and the Fed *ARE* the problem!

[ftorresgamez]

Did I hear it right? That what we need is to PRINT more money? The bearded guy is nuts! Peter is right: the increase in the money supply IS the definition of inflation. Higher prices are the end RESULT of inflation (increase in money supply), but not the cause. Also, what's with this "deflation is bad" crap? We're not headed, first of all, to a "deflationary" process, we're headed to an INFLATIONARY process! That guy is an economics ignoramus.

[scottbieser]

Even the smartest and best educated will say incredibly stupid things if they perceive that their paychecks depend on it.

[CastroSpendlove]

I think that all these overpaid gnomes who don't agree with Schiff think that if they wish hard enough the problem will go away.

[logician84]

been watching some clips of him now, going back to 2006, and he seems to be the only one of the "experts" able to see the big picture..

[dualisticnature]

END THE FED!

[seamlesscv1]

a grown man supposedly an expert probably with years of business experience and a master degree in finance or economins just said the answer is the printing press,. what a fucking idiot. unbelievalbe when are best and brightest are that stupid,

[turboredcart]

ahhh, but there IS a santa clauss, sugar plums and dancing fairies.

[silentonall]

It's hard for these bozos to swallow Schiffonomics.

[KimInLosAngeles]

Peter Schiff vs two idiots for money printing

Peter Schiff is not alone.

Watch YouTube videos of Jim Rogers, Gerald Celente, Marc Faber, & David McAlvany.

They say the Second Great Depression is coming.

You people, please prepare.

[HighIncidentBandit]

You forgot Martin Hennecke.

[KimInLosAngeles]

@ HighIncidentBandit

I don't know who that is but I will look him up. Thanks.

[julianscottsounds]

The point that guy makes about the bank ratios coming down as a way to soak up the cash the fed is printing and thereby avoid inflation is an interesting one. I'm very curious about this myself.

[ruanda]

I've no idea who is trustworthy and to be taken serious in this debate, but the line "I would and I just did" was classy.

[ffftimesten]

ah, billionaires telling people to suck it up

hilarious

[spyletu]

he is telling the corporations who made the decisions to suck it up dumbass.. bail out is going to come from taxpayer's pocket if anywhere. did you think money would fall from a christmas tree?

[TheFlex21]

Peter Schiff is the man, but I had to watch this video a couple of times because that reporter kept distracting me, she's overly hot

[5starrater1]

LOL

[hsienkangchen]

haha yes, she is hot

[cobwebhead]

Hoover lives! Why does he have a job?

[AgentOrange04]

after how accurately schiff has predicted the situation, its almost funny how many 'economists' still disagree with him...

[Civsuccess2]

I think dollar will not collapse. US can still "enslave" Africans to produce goods for US consumption. I am sure they will want some US dollar even though nobody else want US dollar.

[jinjin16]

hhmm interesting but china is already paying africans better prices

[Civsuccess2]

The current deflation is due to stock, mortgage, securities as forms of money were destroyed. People found out that they are worth nothing since everyone default on their loan contract. The massive selling of those fake money into US dollar is the reason why dollar's price increase.

The thing is people tend to think it is "natural" without consider the reason behind it. Government panics and start to print more money to prevent deflation.

[Civsuccess2]

Inflation cause a bubble. It burst. Government is against blowing a new bubble.

[Civsuccess2]

"Investment" is the key. Not "consumption". Consumption doesn't produce anything. Demand cannot be spiked by government through artificial injecting of money.

[Melville10]

China and Saudi Arabia?!! That just answered my question as to where the U.S. bailout money is coming from. Canada is sounding nicer by the day.

[aquafishsoup]

does anyone remember what Andrew Jackson did???

[mtosoni]

That Barclays guy doesn't want to get called on. He's afraid of Schiff.

[blogegog]

Schiff sounds too much like Ron Paul for me to trust him.

[mtosoni]

Why do you hate freedom?

[blogegog]

I'll answer that if you explain to me why you continue to beat your wife.

[mtosoni]

You're right, blogegog. I'm sorry. I shouldn't have said that.

But at least understand that Ron Paul fights for your freedom, whether you appreciate it or not. He is a unique politician: unremittingly obeying the Constitution, as best he can, with every vote he gives in the House.

[EasyEs]

America you'll be okay Peter Schiff is a smart guy but he misses a great deal of things. America isn't just a goods and services economy. America produces intellectual products worth a great deal more then some factory product. Also you still are an export tiger.

[mtosoni]

But the U.S. has perpetual trade deficits. How do you explain that?

[EasyEs]

Because it measures goods not intellectual property and the rights to it. Look at it like this. You pay 100 billion for oil over a year from Venezuela. That goes onto your trade deficit. What isn't explained is that Exxon say is operating the oilfields because only they know how to get a recovery factor of 30%. They will make say 40 Billion off that which is disseminated to employees and shareholders in the USA. Not exact numbers but you get the Idea

[mtosoni]

I don't get it, EasyEs. Mind giving me another example? Are you saying that the deficits aren't really deficits at all because the gains wrought by IP "rights" balance out the trade?

[EasyEs]

Well it isn't just IP rights. I have a feeling that America does have a trade imbalance but it isn't as bad as made out to be. America doesn't import goods and then just sell them to Americans. Lots of goods are imported then incorporated into value added products which the USA turns around and exports with added value which is near impossible to incorporate into the trade deficit. Kinda like shorting a stock..

[gracetoo]

Just ask Ron Paul...he's been preaching this for a long time.

[lewti27]

Where are those other fools like Ben Stein that said shiff was out of his mind. When everything he said about now came true. You cant spend and borrow and not face problems. It's no wonder why we have such a problem with those two idiots telling financial information that they have no idea about. Peter Shiff is a smart man.

[WOLFENCT]

I love watching Schiff school these fools...

[rh7onda7]

a dried out sponge they're taking trillions of dollars here and he says it just gonna get soaked up by the banks - meanwhile the dollar collapses

[vassilischr]

Peter Schiff was on CNN Int. tonight but his interview with Becky Anderson was cut on air!!!

[yugmnivek]

Two more jackasses that will join the LONG list of dumbies that laugh at Schiff as if he doesn't know what he is talking about. Thanks to youtube, we can look back in a few months and see Schiff is right.

[banksy35]

shes hot

[snoogatron]

the schiff has got wicked sack: "well i would and i just did it."

[irdial]

Grapefruits!

[lampas89]

Am I seeing two more suckers who are going to be proven dead wrong in about a year or two?

[cowbrown1]

If only people had paid attention to Schiff a few years ago. I'm afraid it's too late now and we're out of time.

[vdubs4life1964]

not another word from the guy in the middle after 7:30.. Good one Peter!

[DennyDucet]

Oh MAN! DId you here that b@stard with the beard? He said we NEED a printing press! Peter Schiff is the man. How does he debate these ignorant zombies. Peter Schiff for Sec. Treas. GO PETER. WE LOVE YOU!

[adithkumarbhat]

alrite......Peter Schiff had his foot in the mouth of the other two morons......hehehe....cmon we need to stfu and listen to him and give him credit for all his predictions so far

[chingon711]

Maybe one day i will have to trade my porche coupe for a gallon of milk.

[RonPaulyGirl]

Peter, don't waste your time with these two idiots!

[Epic878787]

Peter needs better co-panelists. lol

[uea978]

Peter Schiff has been right since two years ago, when he and just a few ones said what is going on now. He is not infalible but i stay with most of his views. He's like an "analyst terminator", an "economic experts" terminator.

[oishiiloops]

he'll be back

[rocksiphone]

The only reason the dollar went up is because other countries are also printing money they don't have and investing it in the dollar. Soon all will go KABOOOM!

[engine2truck6]

yep, TRUE.

[rocksiphone]

I know the car companies are a bunch of asses but at least they produce something. Why would you bailout a paper pusher like Citi Bank and not bailout a manufacturer? Did you hear anyone Grill Citi Bank? But they sure grilled the car companies. I guess Henry Paulsons friends (federal reserve) don't have any stock in the car companies, only banks.

[rocksiphone]

Those other guys are IDIOTS! They don't even know what causes inflation. Yeah just burn out the printing presses.

[jaychins]

lol Peter is humiliating the other 2 idiots.

[jaychins]

i like this hostess, one of the best compared to other networks.

[Kheskeim]

Marc could be right with along the lines of deflation. Certainly the housing prices have deflated and will continue to do so. With less money for consuming prices in general will fall too.

Inflation might come but not for a while. Peter can be right in the end I think, but only if the world stops lending US money.

[engine2truck6]

You may be right about the deflation... but after the consumer goods inventories are liquidated, and inventories are lower, THAT will start pushing up consumer prices. Coupled with no more foreign lending, and gov. printing: hyper inflation.

[prmd142]

sorry.. but that should be...... Coupled with MORE foreign lending, and MORE gov. printing: hyper inflation

[engine2truck6]

Yes... i mistakenly put "no" in there... I meant more!!! Sorry.

[brendandylanmaloney]

the two guy's with the glasses on are scary. I don't believe a word they say. peter schiff is right on.

[jove04]

America is in deep trouble. Don't let it reach to the point of eating from garbage dumpsters like the Russians did in the days of Yelstin.

Unfortunately you can not use your weapons to rob Saudi Arabia and the Middle Eastern Countries because most of their money is in U.S. treasuries already. They have about 1.7 trillion dollars in savings you know.

China and Russia have Trillions of Savings. But they have nuclear weapons. America is going bankrupt for good. No more wars around the world.

[aelleo]

dude with the goatee was a NWO financial goon, no doubt

"we're not facing inflation, we're facing deflation."

lets see if that prediction stands the test of time.

[snarej]

The Real tragedy in all of this is the lost opportunities for innovation, growth and increasing standards of living. The western world is going to stall, or even fall behind a decade or more in basic economic and social progress that creates a better world for the next generation. China, for all of it's economic progress, is still barbaric and unenlightened as far as personal liberty goes. Peter's right, the world is entering another prolonged period of hardship ex. the 1930's or the 1970's.

[roddiero]

This is the best Schiff video I've seen yet. Complete pwnage from start to finish.

[motina10]

The guy in the middle is such a fucking douche. I hate his guts. An arrogant, smug remarks. What a fucking douche.

Go Peter!

[roddiero]

These other two morons know the jig is up. It's like Ben Stein's "Inflate the economy now" on Yahoo--which should be appended with "...so you can give me enough of a sucker rally to sell every and get out of the dollar." Denial, denial from these guys. The should be selling real men's underwear at Macy's instead.

[jesuslover037]

These guys call themselves capitalists?

[DaryllDickens]

No, they don't. They (not Peter) are fascists/socialists and they are damn proud of it! Let em rot.

[malakai0]

The other guys are afraid to "say" numbers for things like dollar value in the future because they know they are always wrong.

Almost every number Schiff has ever given (DOW dropping to half of what it was 2 years ago, gold over 1k in 2008, the collapse of fannie/freddie, on and on) has been right.

[jeffsst]

HALLELUYA, they have let him speak for awile... FINALLY. this guy changed my life dramaticly. if anyone told me two years ago that i would own gold i would have laughed my ass off. now i am 23 and i own, my brother owns and my father owns. let the recession rip!

[odin422]

1 man speaks.

[tolgagolbasi]

7:32 nailed lol

[privatespam]

would you listen to any advice from anyone with the words barclays behind them like making the four horseman of the appocalypse your new best mates what a twat

[NoEyeInTeam]

"Well, I would, and I just did"

Go Peter.

[pitbbpl]

Peter destroyed them.

Checkmate.

[lodge939]

"I disagree. but i don't know why"

[bbburton]

Way to go Peter! Tell it like it is, and let those other morons eat cake.

[sonofaglitch2]

How painful...these two guys are not fit to debate Peter Schiff. And he knows it. haha

[jortizz]

"I would and I just did" LMAO. I love Peter Schiff.