Peter Schiff - The Case For Inflation | September 12, 2009

[WatchMissingLinks]

The very fact Peter Schiff (Jewish) even gets ON mainstream media, means that he is "approved" by the powers that be.

What this video DOESN'T tell us about the Federal Reserve:

All Chairmen of the Federal Reserve since 1987 have been JEWISH!

# Alan Greenspan - JEWISH (August 11, 1987 - January 31, 2006)

# Ben S. Bernanke - JEWISH (February 1, 2006 - Until the internal destruction of the United States?)

Jews make up 0.2% of the world population...

Can you say: CONTROLLED OPPOSITION?...

[serialkiller1990]

@WatchMissingLinks

If they can afford this kind of "controlled opposition", then why do they keep anyone from tv?

Its a counter argument to your paranoid theory and you try to give it a bizarre spin, so that it fits your story.

Omg. Two last FED chairman where jewish. Jews contribute disproportionately science, culture. Does not mean they "control the world"...

A long shot at best, and if you would think straight you would be aware of that.

[MrHarry46]

do your own research. do not take my word for anything. google "rothschild" begin your study

do it now before they turn the web off

[MrHarry46]

remember this: the Federal Reserve Bank of the USA is OWNED by the rothschilds of england(central bankers,est worth 500 TRILLION) the "federal reserve act" of 1913 is still as illegal(unratified) and amoral now as it was then. if youre using Federal Reserve Notes(present US Dollars) youre using illegal currency. the sacred US Constitution specificly forbids anyone but the "United States Treasury" from "coining" money. you do NOT have to use current us dollars for ANY transaction EVER.

[MsBusiness101]

"You shall not crucify Mankind upon a cross of gold," said inflationist William Jennings Bryan. But mankind, especially poorer and more vulnerable people, is oppressed by paper money, not by gold. It was for this reason that Thomas Jefferson and Andrew Jackson—the presidents who were our greatest defenders of the common man—were such unalterable opponents of paper money.

[ruapria]

Exactly , you are going to have to reset the price of the raw materials.

[kingdomdreams4]

He needs to RUN 4 PRESIDENT.

[Intervene]

Go Schiff

[mannyvelo]

Anyone want to trade a hen for a chicken? It's coming folks. China owns us.

[poopingeneral]

Gold is nearing $1,100.00 oz., investors are preparing for the inevitable inflation, and protecting what wealth they may have left.

[Myndir]

@poopingeneral Has that inevitable inflation happened yet?

[poopingeneral]

@Myndir it's coming, it's only a matter of time. I'm surprised the Federal Reserve has managed to stave off disproportionate inflation for as long as it has, and keep its interest rates at 0%.

[MrHarry46]

@poopingeneral the idea is to completely gut the entire US economy and literaly take over America. fema camps have already been built. martial law is on the way. the rothschilds want total power over your existence. END the Fed NOW. do NOT use the rothschilds money (current US Dollars) EVER AGAIN! go back to barter

use gold and silver for your transactions. if you dont use the rothschilds money YOU DONT OWE THEM ANYTHING. YOU DO NOT OWE THEM TAXES, NOTHING. THEY BECOME POWERLESS

END THE FED

[Myndir]

@poopingeneral There will certainly be inflation at SOME point. No one disagrees with that. The question is, when? And how much?

The Fed has kept off inflation (running at 1% on the CPI right now in the US) because it has been pursuing a tight-money response to the crash. By keeping money tight since 2008, with interest-on-reserves and minimal QE in response to the contraction in broad money, the Fed has kept money very tight.

[Myndir]

@poopingeneral Long periods of low NOMINAL interest rates correlate with tight money and long periods of high NOMINAL interest rates correlate with loose money. So the 1970s in the US saw high n. interest rates, as did Germany in the early 1920s. Meanwhile, nominal interest rates were low in America in the 1930s.

This is because central bank interest rates are lowered or raised in response to monetary conditions. An interest rate is a reflection of the monetary conditions of the past.

[poopingeneral]

@Myndir, if your paying attention to the Federal Reserve, you'll see that the Fed passed another 600B stimulus of Q.E. to jump start our faltering economy. That 600B in stimulus has to go somewhere? To buy bonds (Gov't DEBT!) that the Chinese are essentially saying up yours America. The Chinese have smartened up, they're not buying our debt anymore, like they use too. This is a desperate attempt by the FED to restore TRUST in there DISHONEST methods of business. The game is up. 

[Myndir]

@poopingeneral The game was apparently up back in 2009. Yet it goes on and on and on...

[Myndir]

@poopingeneral By the way, for a supposedly free-market economist, Peter Schiff apparently thinks he knows better than the markets re: QE. Sounds like constructivist rationalism to me, assuming that one individual is greater than the extended order. That's the road to statism and then the road to serfdom.

[poopingeneral]

@Myndir answer me these 2 simple questions, with 2 simple answers? In your opinion, is the "Great Recession" over, is the worst behind us, are we experiencing actual economic recovery? If yes or no, why? Also, in your opinion is inflation coming, due to the rising national debt, and the Fed bailing out the economy with stimulus, Q.E.2., and business bailouts? if "yes" or "no" why? More or less, I want your stance on things as they stand right now.

[Myndir]

@poopingeneral The worst is behind us, barring additional stupidity from Obama and the Fed (a big assumption, of course). The recovery is still very weak.

The recovery is still weak because the nominal crisis that has hurt private industry and citizens is persisting. Only a restabilisation of NGDP can lead to a sustained recovery.

[Myndir]

@poopingeneral

Inflation is coming, but it will not be very high. It is always and everywhere due to the Fed, not the debt. We can (and should) reduce the debt drastically and have no deflationary shock at the same time, because Keynesianism is wrong.

My strategy would be: keep NGDP stable at about 4-5%, reduce regulations, abolish income tax and replace it with a progressive consumption tax to encourage saving/investment, cut the deficit by cutting spending and eliminate trade restrictions

[deltapunk21]

We had high inflation in the 1930's minus any real goods, productivity went down not up

[poopingeneral]

Yeah but were setting ourselves up for the next great depression, and higher inflation in comparison to the 1930's inflation. The Fed is just printing, and dumping, printing and dumping all of this money that doesn't exist, and what we truly can't afford...

[YourFuture2012]

This is exactly what gerald celente said!!

[MrClaydough]

who eliminated the gold standard......

uuuhhhh...yeh yeh. that tricky dick guy....right on beavis n butthead. uhh uhhh..

[grondilu]

doesn't sound like P. Schiff, although these are his ideas

[moybutter]

The mic distorts his voice a little but that's Peter Schiff.

[strawme01]

Ops...addiction to consumption.

[strawme01]

Wrong, Peter. Our military might and the addition to consumption will force other countries to continue to lend us the money. Remember that people in other countries as stupid as the people in America.

[Main1Event]

Great commentary by Peter as usual. I think most Americans problem is their arrogance, their belief that it cant happen here. Our currency isnt backed by anything, it has no intrinsic value, it can become worthless.

Our politicians dont seem to recognize basic monetary policy or perhaps they do, because money seems to grow on trees via health care, social security, and medicare.

I've done my part to diversify my finances out of US dollars. However, I'm not sure if any of us our safe.

[rocksiphone]

Its hard to beleive that our Polititions are that supid or maybe they know what they are doing.

[dynoplasm1]

They are not that stupid, they are paid well.

It does not matter who makes the laws, instead who makes the money.- Rothchild.

Paid by who? The Luciferians in charge, Jesuit run Freemasons who own B of A, Citi, and The Fed Reserve.

[TWSceptic]

@Main1Event Yeah I think the US is going to keep building up debt and inflation for quite a long time. Peter is right that it can't last forever, but I think it may be delayed much longer than we think. So in the end the result will be even worse. The collapse of the system is likely going to unfold when countries will lose confidence in US ability to pay back the debt. It may still be many years from now but seems likely this will happen some day.