There are some asian countries that don't trade with the USD anymore. Atleast not between themselves. maybe a sign that the USD is close to a collapse.....
Read the book crash proof.. Written by Peter Schiff. Written way back in 2007. Reading the book will blow your mind. Really... America makes nothing now. We buy everything overseas. The cover name for our current system is ( The service economy ). We have not yet found bottom in this country.
What makes me laugh is, even those who appear Rich like the guy with his suit on at the bank i go to, who in his eyes believes he is Rich is becoming poor. It's only a matter of time because the big wheel of God is about to turn full swing & show those who believe that have wealth and feel they are above those below them or labeled poor. Are just as poor as those they Judge. Enjoy Life while you all Can. The Wheel is coming full swing to all on this Earth & those not happy with Poor will suffer.
@SchiffReport You should connect the Dots and prepare your listener for a possible ww3. Tell them how to invest and keep there Gold and Sliver At home if such scenarios unfold. Iran is just a Russian Piece on a International Chessboard ... They have to use it wisely to defend from the NWO creeping on to its border. If the Piece falls .. they will have no option but to Launch a Nuclear Preemptive strike on NATO and USA. SO all these economical opinions wont matter but change.
Honestly Peter, I spent the day telling my friends exactly what you have said in this video, before I watched it. We are on the exact same page. When people start ignoring the trade deficit worsening, it means there is a crash coming. The question is when, not if. This jobs data is not the boom these pumpers think.
@OddRobb Obama isn't an Idiot he just sees things differently then another as yourself. Knowledge is the Key here and most lack as I see, but i'm just a man and I could be wrong. Teach people knowledge and the world will become a better place until then the Worship of Money over Knowledge will bring Death to many that have no Knowledge.
@Budvb "Obama isn't an Idiot he just sees things differently then another as yourself."
I HOPE you're being sarcastic, because you cant honestly say that about someone who promised "change", then added $6.5 trillion to the deficit by bailing out the hosts of his parasite Union contributors, subsidizing failed energy companies, and ruining health care. Hes also destroyed job creation, decreased domestic energy production, and refuses to address our deficits. So yes, Obama IS an idiot.
@OddRobb Not really. He is winning. Communists cannot take over a country with a strong economy. First destroy the middle class. The upper class will assume they are going to be in charge and can be destroyed later. The poor will do as they're told or else.
Many EU countries have a higher debt per capita than the U.S. Also, as far as I know, no nation has tied their currency to the Euro. However, China has its currency pegged to the U.S. dollar, which means anytime the U.S. inflates the dollar, much of the inflation is exported to China. In essence, the U.S. is in a much better position than Europe.
@kennjohnsen Thanks for the clarification. Regardless, China is the third largest economy in the world, and the U.S. gets to export much of its inflation to them.
@kennjohnsen The US exports its inflation to every country that has their currency tied to the US dollar, which includes China, the third largest economy in the world (as measured by GDP).
Chinas economic numbers are bogus, and therefore it's a bogus economy. Every country are buying dollars, whether they have their currency tied to the dollar or not. Britain are buying, India are Buying, Norway are buying, Australia are buying, the list is long.
@kennjohnsen You're absolutely right, but that ponzi scheme (which most of the world has played along with for a surprisingly long time) is soon ending. As China, Japan, Russia, the middle east, and (soon) Europe move away from exchanging in dollars and petrodollars become history, the velocity of our currency may tank into the perfect storm. The big bond selloff will toll the final bell for the creature from Jekyll Island. Then maybe the Blue-Helmuts will keep "order" in US.
@kennjohnsen Honestly I think people should stop thinking US wise. It's the same thing all over the world and the people doing this aren't really Americans.... neither are they English...
The Democrats will show grandma flying off a cliff Peter.. There is absolutely NO will in Washington to make ANY real cuts and fiscal responsibility.. Have you looked at that side of the aisle? The entire Democratic party is made up of crooks and idiots.. And the media as well seem to think that 4 - 12 = 16 as well.. We are doomed until the American people wake up.. I simply do not see that happening. Ergo?America is going to fall and we are going to get a one world currency one world government
@iannetta11 as it turns out the real money of kings is large uncut diamonds, jade & sapphire, not just gold. Gold is something the saver who isn't from nobility can use. Silver is great for barter & lower financial classes, as is high-grade 98%+ copper. Barter is also tax free so without loopholes, barter is extremely good even for the rich.
More professional background & mike. Good idea. No clip-on mike is needed, ya'll at hime. A $200 Sennheiser shotgun mike that clips onto the top of your Cannon Rebel is fine.
No, I'm straight. However, I'm against hypocrisy. Don't try to call someone a "racist" and then go and say equally offensive slurs. I'm not black and yet I'm against racist slurs against black people. Why does one have to be "gay" to be a morally upstanding and decent person? I just believe in being consistent if you're trying to dissuade hate speech.
Mr. Schiff, do you honestly think there is any way to fix this problem or have we gone past the tipping point? Unfortunately, I do not think the American media would allow Austrian Economics to become a solution. There was an uproar when Paul Ryan's plan came out and it did not cut much of anything. I cannot believe we have gone this far, it's a shame.
Nothing better than seeing someone call someone else racist and then make racist comments themselves. YouTube, the place where everyone is a bad ass and logic is frowned upon.
@kennjohnsen Reggie Middleton, who is black, is 1000x smarter than you. Even his 5 year old kid is 100x smarter than you. Your life is hard because you're a fucktard.
This is why we need the ORIGINAL GLASS STEGALL reinstated with not changes, this will wipe the Wall Street debt off the books...there most of the debt is solved. I wish Peter and Ron Paul would talk about that.
@kennjohnsen Both of you are weak and emotional for those comments but. He is almost rite about unnatural behavior killing economies around the world. Unnatural behavior requires a jump start daily! Peach man and brown men both good and evil! Depends on who's looking! from what angle! LOL!
The American Dream is another humans nightmare.. Leave Iran alone ! are American soldiers that stupid to fight for money ? Come on people Ron Paul 2012 ! Your enemy is not IRAN but your own government and Banks !!! Do something about it ! How smart is your Nation..
The crash will not come before Iran is brought down. America is preparing the war on Iran NOW. That's what Bush/Obama ment when he told us that America can only fight one war at a time. They distort what they really mean with positiv language. I call it FOX-Newspeak
That's not correct! We here in germany have much debt on our communal balance sheets. But your general thesis is solid. America has not earned this trust. But of course the american banks ignited this war on europe.
Great video - but on one point I think you're mistaken. You say that if US interest rates were as high as those in Italy and Spain, the US economy would be in much more trouble. However, Googling "Italian base interest rate" or "Spanish base interest rate" reveals that they are also at historically low interest rates (approx 1%).
The difference between the US and the Euro zone is we have the Fed, they can continue to buy our debt, keeping internal interest rates low even after other countries refuse to buy it. The Euro zone doesn't have that ability.
@priceka1984 Correct, but in case the FED buys all the debt the US dollar wouldn't have any value whatsoever because it will have been completely debased trough money-printing.
@goolden1 high-value innovation that's lasting requires difficult techniques using high-tech. Be it manufacturing, surgery or medical production, memory & sensor technologies, America can do it best. Would be Japan but they have a "problem" right now. Russia's also incredibly advanced in this arena as the Soyuz keeps proving.
obviously this guy has his head up the ass of JP Morgans- the Banks have put people in debt for as long as I can remember - Obama hating liberitarian - all Mine None for you Politics of the 1% - Fast Money Phoney - whats he broadcasting from a Casino - Another Ad Hominem Idiot
Peter's logic is chilling, how can anyone refute it? Greece's financial picture collapsed within months when the true picture was appreciated. The same thing could happen here in the U.S.
@silentmajor the dollar is looking good in a bond bubble by smashing the euro. The purchasing power of the dollar is still dropping, meaning prices are still rising for everything basic people need to live. This means if you work "hours" and are paid in "dollars" then the food & gas you get is less for every "hour" every year. IF you didn't get paid in "dollars" this would not happen anymore.
Singapore government debt is over 119% of GDP and are AAA. Why are they any different then America? might I add Singapore is also a "service bases" economy
Nationalize the Fed. Write off all Student loans, being issuing credit for 1000 New Nuclear Plants, 1000 Hospitals, Rebuild the Highway system, National Maglev Train System, get NASA going again. Give all major cities + Suburbs Rail based Mass Transit systems.
Have the FDIC sieze Goldman Sachs, BoAmerica, CitiGroup, Chase, and all of the Zombie Bank/Brokers. Run them through Chapter 7. Reinstate Glass Steagal. Student loan amnesty. BAN Dirivatives. BAN cds
Nationalize the Fed. Write off all Student loans, being issuing credit for 1000 New Nuclear Plants, 1000 Hospitals, Rebuild the Highway system, National Maglev Train System, get NASA going again. Give all major cities + Suburbs Rail based Mass Transit systems.
Have the FDIC sieze Goldman Sachs, BoAmerica, CitiGroup, Chase, and all of the Zombie Bank/Brokers. Run them through Chapter 7. Reinstate Glass Steagal. Student loan amnesty. BAN Dirivatives. BAN cds
@SchiffReport Thanks, Peter. But then you should probably stress out more, that Europe does not equal the Eurozone. Many people talk about "Europe" when they mean "Eurozone"... We (as Norway, UK) do not want to belong to this mess... ;-)
Another great video Mr. Schiff, but you need to do more to promote Ron Paul such as pointing out that he was one of the other people besides you who was warning about the housing bubble as early as 2001.
This is only partly right. Europe may be less into spending craze. The taxation is much higher too, so we can copy Ireland's way out of crisis.
On the other hand you completely ommit that US dollar is the forcefully supported by US army as exchange medium for oil. This is the main reason for me and my friends to bet on dollar lasting longer than euro in peak oil times.
Yet again Europe is much less dependent on oil for living (shorter distances, public transportation, bikes).
Twitter users: Muslim activists are pushing a pro-Islam twitter account to the top of the Twitter Awards. Please vote for the Ayn Rand Quote Bot, currently in 2nd place, by tweeting: "I nominate @AynRandBot for a Shorty Award in #author because free market ideas are desperately needed today." - or add your own rationale instead!
@goolden1 it is even worse outside the US. In the US you have SOME challenges to Keynesianism, in liberal nations like UK, France, Germany, Australia, Keynesian economics is taken as 1 + 1 = 2. If you go to Europe and talk about conservative values, if peole are nice they will avoid you, if they are not they will spit on you. That is the attitude outside the US :)
what no one understands is this was all started by the rothchilds they are part of the free masonry the illuminati , i know your all thinking i must be some sort of nutter but its true get a dollar bill out and look in the bottom left you will see the all for seeing eye which has to do with the freemanry the illuminati all of what is going on is all part of there shit plan of a " new world order" its been collapsed on intent go do the research
The U.S. Dollar is based on its military. Bombs, Predator Drones, Hellfire Missiles, C.I.A. and Aircraft Carriers. If you don’t accept the U.S. Dollar you will be bombed into rubble.
Please try and remember that Europe and the Euro-zone is not the same thing! Even more countries in Europe are AAA, such as Sweden, Denmark, Norway and Switzerland!
Fantastic video... One thing I'd like for you to clear up. I know interest rates should be increased due to a lack of savings and inflation but what kinds of things will trigger an increase in interest rates?
When a group of Amish people gather to build a Barn; what is the cost?
If a construction contractors child was sick or injured and there weren't any hospitals; how much profit should the contractor make from building the hospital to help his child? What is a reasonable return?
Can an electrical power plant operate so that it pays all the Bills and sets a little money aside for upgrades and repairs? Why does it have to take profit?
If Ivy League schools are so nice; why aren't all schools IL?
1.Materials, work and of course the debt. The one whose barn they are building is expected to participate in building other barns. One problem with this - what of someone doesn't like building others barns - he is not free untill he can't refuse to do so.
2. Profit? Whatever he can get. No hospitals around - i presume it's huge. So huge that new ones will be there sooner than u think.
3. There is no privatly owned and goverrned power plant. That said: what are u asking - can it be better than it is? Of course! Why would u not take a profit from ur work? Want to work for free? I have some work to do - come to me I will give u nothing and will demand highest standard of labour. You will be my slave :D
4. Because Dep. of Education. Everything what is wrong with schools comes from government. Might want to tatoo it on ur forehead.
@pipem4n My work doesn't receive government welfare. My work did not use Tax payer money in it's construction. My work wasn't built as a Public Benefit project.
The structure doesn't have to change, talented people who work at the plant would be paid well. Profit is usually money above and beyond all cost, labor and materials. I like profit it is good.
George Carlin has a good video on why education sucks in America; "the owners want it that way".
Whats your point? - you still have to make me somehaw to build the damn barn because I do not like the idea of building it for you. On the other hand I would love you build me one without any pay form me.
@pipem4n The Amish own the land, they own the trees, they own the mill, they grow all the food that feeds the workers. They could build a Barn every day for 1 year if they had the need for 365 Barns. None would owe any money. Now what will you do with the 29 Years in which you would have had a Mortgage?
What if every person tried to get "whatever" they can get from the Contractor? Maybe a mark on his face would help others to see his nature.
@pipem4n The Debt problem is simple; don't pay it. Anyone who thinks that millions of tiny investors, all hoping for their $1.30 dividend on Americas Debt, will somehow be disappointed, is sadly mistaken. The private Federal Reserve, the World Bank and the World's wealthiest people ARE the only people who benefit from all the Debt. Debt is their only product.
Not really. A lot of this money is suppose to be retirement for a lot of peoples. They were coerced to pay for this and now they will get nothing. I do the same - pay for my retirement which I know i won't get, If i didn't do that i could not do my job in my country. Of cource it's sick and immoral.
@pipem4n People need retirement funds to pay all the for profit providers of basic life necessities. All the years that people worked to enrich their Boss was a waste of time. They should have been working at ensuring that they would have housing, electric and water for when they are too old to work, or fight for their rights. The people of a Town or City can own and manage their own utilities. We don't need Speculators to do this. Possession is 9/10 of the Law.
1. save for retirement, don't count on government it will rip you off
2. Boss is buying your work -you do not work slavishly for him, he ows you nothing
3. In the old days people simply had kids that grew and supported their old age
4. We are all speculators. we decide when to buy, what buy, when to sell and what whether we work more or less, whether we produce & what we produce. You will add IF to all of above too.
@pipem4n The Retirement age keeps being raised because the managers of the system are hoping that workers will be dead before they can collect their Retirement.
Take all of the alleged debt in the World, and then try to imagine how much "productivity" would be required in order to pay all of the alleged debt.
If every person owed got everything owed to them; what would the global distribution of wealth be? Where would the Money Go? Who is owed?
Simple answer is - money is not there. It's a giant ponzi scheme. No it's not possible to pay all of it back. Hardly any of it will be payed back. So gov. will print into oblivion and money will be soon worthless, system will do one of 2 things:
transform into tyranical total government possibly world wide, or banckrupt and sober up with freedome refreshed.
@pipem4n Lazy Amish? How many Amish people do you know? To be fair, the Amish Rulers are running the same scam as most Societies. The many at the bottom support the few at the top.
If a ruler at the top walks away, there isn't much change. If the people at the bottom walk away, the entire Monopoly Pyramid crashes.
Look around at all the Federal and State assets; then ask yourself, who has more to lose, should the system collapse. Who benefits the most, in the system they created?
I just made one up ok? One lazy amish - what happens to him if he refuses to go build others barns? He's excluded from gis community or idk. ? U might as well tell me.
I just think that amshes aren't free beacuse they have a build in debt to them - right? Like Japanese in the old days had an unpayable debt to emperor - son of god or sth like
Mr. Schiff,
I was wondering whether I can be the 151th person you employ? I already listen to you all day!
albomale 1 day ago
There are some asian countries that don't trade with the USD anymore. Atleast not between themselves. maybe a sign that the USD is close to a collapse.....
MrHuman2012 1 month ago
Sweden has AAA to.
MrHuman2012 1 month ago
US debt (total funded liability) stands at 114 trillion its just a matter of time before the fan can only take so much poo hitting it
benjiheads 1 month ago
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I know when dollar is going to fall down. It Will happen when American people check what is real money of theirs investments.
vvikulin 1 month ago
Denmark & Sweden also have AAA rating...but Peter did not mention those countries..
Forexwarrior 1 month ago
Read the book crash proof.. Written by Peter Schiff. Written way back in 2007. Reading the book will blow your mind. Really... America makes nothing now. We buy everything overseas. The cover name for our current system is ( The service economy ). We have not yet found bottom in this country.
ibuyzzz 1 month ago
What makes me laugh is, even those who appear Rich like the guy with his suit on at the bank i go to, who in his eyes believes he is Rich is becoming poor. It's only a matter of time because the big wheel of God is about to turn full swing & show those who believe that have wealth and feel they are above those below them or labeled poor. Are just as poor as those they Judge. Enjoy Life while you all Can. The Wheel is coming full swing to all on this Earth & those not happy with Poor will suffer.
Budvb 1 month ago
Guns, Gold, Food, Water
keltingr 1 month ago
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@SchiffReport You should connect the Dots and prepare your listener for a possible ww3. Tell them how to invest and keep there Gold and Sliver At home if such scenarios unfold. Iran is just a Russian Piece on a International Chessboard ... They have to use it wisely to defend from the NWO creeping on to its border. If the Piece falls .. they will have no option but to Launch a Nuclear Preemptive strike on NATO and USA. SO all these economical opinions wont matter but change.
YouTheory 1 month ago
so the american economy is in better shape. i am going to sell my gold and buy american dollars. thanks peter
MsH1h1h1h1 1 month ago
Honestly Peter, I spent the day telling my friends exactly what you have said in this video, before I watched it. We are on the exact same page. When people start ignoring the trade deficit worsening, it means there is a crash coming. The question is when, not if. This jobs data is not the boom these pumpers think.
1dgg9h4dr6ppp8 1 month ago
Wahhhhhh Wahhhhhhh Wahhhhhh
IWashMyOwnBrain 1 month ago
Oh yeah, I forgot: THANKS PETER!
Thatmakessense356 1 month ago
Hi everyone, What has Peter said about gold ETFs? I have found an ETF that is 98% bullion and has it all stored in Switzerland.
Thatmakessense356 1 month ago
Obama is an idiot.
OddRobb 1 month ago 6
@OddRobb Obama isn't an Idiot he just sees things differently then another as yourself. Knowledge is the Key here and most lack as I see, but i'm just a man and I could be wrong. Teach people knowledge and the world will become a better place until then the Worship of Money over Knowledge will bring Death to many that have no Knowledge.
Budvb 1 month ago
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@Budvb "Obama isn't an Idiot he just sees things differently then another as yourself."
I HOPE you're being sarcastic, because you cant honestly say that about someone who promised "change", then added $6.5 trillion to the deficit by bailing out the hosts of his parasite Union contributors, subsidizing failed energy companies, and ruining health care. Hes also destroyed job creation, decreased domestic energy production, and refuses to address our deficits. So yes, Obama IS an idiot.
OddRobb 1 month ago
@OddRobb Not really. He is winning. Communists cannot take over a country with a strong economy. First destroy the middle class. The upper class will assume they are going to be in charge and can be destroyed later. The poor will do as they're told or else.
doughtymqan 1 month ago
@doughtymqan communists are idiots too
OddRobb 1 month ago
@OddRobb Yes, but they win in the short run. Just long enough to loot everything and kill a few millions of people.
doughtymqan 1 month ago
@doughtymqan Not while I'm still breathing!
'MERICA!
OddRobb 1 month ago
Peter Schiff is fucking sexy.
OhMaDayzz 1 month ago
Its illegal to default on Student Loans. thats how its garunteed.
Salvysahagun 1 month ago
I have listened to this about 5 times..
so much to absorb. It feels like a 'prophet' speech.
Peter Paul Revere Schiff.
Guess it's time to run!
TroySmithforD 1 month ago in playlist Favorite videos
Many EU countries have a higher debt per capita than the U.S. Also, as far as I know, no nation has tied their currency to the Euro. However, China has its currency pegged to the U.S. dollar, which means anytime the U.S. inflates the dollar, much of the inflation is exported to China. In essence, the U.S. is in a much better position than Europe.
Spideynw 1 month ago
@Spideynw
Not quite right, DK has tied the KR to Euro.
kennjohnsen 1 month ago
@kennjohnsen Thanks for the clarification. Regardless, China is the third largest economy in the world, and the U.S. gets to export much of its inflation to them.
Spideynw 1 month ago
@Spideynw
I think the US exports its inflation to most of the world, that's one of the reason the US can get with of printing this huge amount of dollars.
kennjohnsen 1 month ago 9
@kennjohnsen The US exports its inflation to every country that has their currency tied to the US dollar, which includes China, the third largest economy in the world (as measured by GDP).
Spideynw 1 month ago
@Spideynw
Chinas economic numbers are bogus, and therefore it's a bogus economy. Every country are buying dollars, whether they have their currency tied to the dollar or not. Britain are buying, India are Buying, Norway are buying, Australia are buying, the list is long.
kennjohnsen 1 month ago
@kennjohnsen So now you are saying that China DON'T have manufacturing sector then?
ltmikepowell 1 month ago
@ltmikepowell
Where have I said that ???
kennjohnsen 1 month ago
@kennjohnsen You're absolutely right, but that ponzi scheme (which most of the world has played along with for a surprisingly long time) is soon ending. As China, Japan, Russia, the middle east, and (soon) Europe move away from exchanging in dollars and petrodollars become history, the velocity of our currency may tank into the perfect storm. The big bond selloff will toll the final bell for the creature from Jekyll Island. Then maybe the Blue-Helmuts will keep "order" in US.
marrazzousa 1 month ago
@marrazzousa
Well, for the moment everybody is pumping up the dollar, for how long, I don't know.
kennjohnsen 1 month ago
@kennjohnsen Honestly I think people should stop thinking US wise. It's the same thing all over the world and the people doing this aren't really Americans.... neither are they English...
Doodsome 2 weeks ago
The Democrats will show grandma flying off a cliff Peter.. There is absolutely NO will in Washington to make ANY real cuts and fiscal responsibility.. Have you looked at that side of the aisle? The entire Democratic party is made up of crooks and idiots.. And the media as well seem to think that 4 - 12 = 16 as well.. We are doomed until the American people wake up.. I simply do not see that happening. Ergo?America is going to fall and we are going to get a one world currency one world government
SuperGuitarman69 1 month ago
I am applying to work for Schiff, that's it. I have had enough of clueless idiots!
vincentca2004 1 month ago
Comment removed
yaahme 1 month ago
There is a road to real recovery = Ron Paul 2012!
yaahme 1 month ago
he makes a lot of good and scary points
flowerdrop1 1 month ago
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I challenge Congress to play this video on a jumbo-tron before Bernanke's next testimony. It will give them a context and ideas for tough questions.
DexterHaven49 1 month ago
This has been flagged as spam show
I challenge Congress to play this video on a jumbo-tron before Bernanke's next testimony. It will give them a context and ideas for tough questions.
DexterHaven49 1 month ago
This has been flagged as spam show
I challenge Congress to play this video on a jumbo-tron before Bernanke's next testimony. It will give them a context and ideas for tough questions.
DexterHaven49 1 month ago
This has been flagged as spam show
I challenge Congress to play this video on a jumbo-tron before Bernanke's next testimony. It will give them a context and ideas for tough questions.
DexterHaven49 1 month ago
This has been flagged as spam show
I challenge Congress to play this video on a jumbo-tron before Bernanke's next testimony. It will give them a context and ideas for tough questions.
DexterHaven49 1 month ago
I challenge Congress to play this video on a jumbo-tron before Bernanke's next testimony. It will give them a context and ideas for tough questions.
DexterHaven49 1 month ago
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.”
iannetta11 1 month ago
@iannetta11 as it turns out the real money of kings is large uncut diamonds, jade & sapphire, not just gold. Gold is something the saver who isn't from nobility can use. Silver is great for barter & lower financial classes, as is high-grade 98%+ copper. Barter is also tax free so without loopholes, barter is extremely good even for the rich.
ytgv3fc7 1 month ago
More professional background & mike. Good idea. No clip-on mike is needed, ya'll at hime. A $200 Sennheiser shotgun mike that clips onto the top of your Cannon Rebel is fine.
DexterHaven49 1 month ago
@PaulRon2008 ooooooooooooooohhhhhhhhh yes! get that black haired on who does the news on russia
theMAXILOPEZpsycho 1 month ago
I hear a belly rumbling at 2:19 lolz
Crawdaddy79 1 month ago 18
@Crawdaddy79 his microphone is right there next to his belly.
TheMEK3 1 month ago
hang the banksters
gorky007 1 month ago
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@11mac11s
No, I'm straight. However, I'm against hypocrisy. Don't try to call someone a "racist" and then go and say equally offensive slurs. I'm not black and yet I'm against racist slurs against black people. Why does one have to be "gay" to be a morally upstanding and decent person? I just believe in being consistent if you're trying to dissuade hate speech.
MrDeathSmiles 1 month ago
Reset and put the banksters in jail.
OurTimeIsOut 1 month ago
@11mac11s
Jealous of success eh?
YouAreNotFree1 1 month ago
@PaulRon2008 RT hotties? there are none
Zac6230 1 month ago
@Zac6230 idiot. Alyona Minkofsky & Lauren Lyster are hotter than any girl you'll ever meet.
ytgv3fc7 1 month ago
@ytgv3fc7 get some standards
Zac6230 1 month ago
@Zac6230 those are the top standards on the planet. Next to a gold standard. Get a pair of eyes
ytgv3fc7 1 month ago
When will the job market get better?
Zac6230 1 month ago
@Zac6230 TOMORROW
blackcomputers 1 month ago
@blackcomputers sounds good what time?
Zac6230 1 month ago
Mr. Schiff, do you honestly think there is any way to fix this problem or have we gone past the tipping point? Unfortunately, I do not think the American media would allow Austrian Economics to become a solution. There was an uproar when Paul Ryan's plan came out and it did not cut much of anything. I cannot believe we have gone this far, it's a shame.
pattymcpatterstud1 1 month ago
@11mac11s
Ok, he may be racist, but did you need to use a slur for gay people? You're no better.
MrDeathSmiles 1 month ago
Comment removed
MrDeathSmiles 1 month ago
@11mac11s
You're a useless colored low life, a parasite on the whites. Fuck off home to your dump hole.
kennjohnsen 1 month ago
Nothing better than seeing someone call someone else racist and then make racist comments themselves. YouTube, the place where everyone is a bad ass and logic is frowned upon.
Rochefaton 1 month ago
WHEN WILL THEY RISE IS THE QUESTION?
ChrisXCXCX 1 month ago
@ChrisXCXCX You know as well as I do that Your Question makes too much sense.
To answer you, never unless they are made to answer.
americanbandwidth 1 month ago
@11mac11s
What the fuck are you colored ass doing here, it proves that you can't feed yourself, fuck off to where you belong, asshole.
kennjohnsen 1 month ago
@11mac11s
Colored people are useless, a burden on white people, should be exterminated, would ease the life of white people.
kennjohnsen 1 month ago
@kennjohnsen Reggie Middleton, who is black, is 1000x smarter than you. Even his 5 year old kid is 100x smarter than you. Your life is hard because you're a fucktard.
ytgv3fc7 1 month ago
@ytgv3fc7
Man that was something, that goes for you too, right, who is this man.
kennjohnsen 1 month ago
@11mac11s
Well then, ya brown.
kennjohnsen 1 month ago
This is why we need the ORIGINAL GLASS STEGALL reinstated with not changes, this will wipe the Wall Street debt off the books...there most of the debt is solved. I wish Peter and Ron Paul would talk about that.
Crashbanksbuysilver 1 month ago
@Crashbanksbuysilver
What happened to 'Buy Silver, crash JP Morgan'?
Record profits that is what lol.
YouAreNotFree1 1 month ago
Peter Schiff was right!!!!!!!!!!
blokcar 1 month ago
@11mac11s
Black man are dumb, and your world have already collapsed.
kennjohnsen 1 month ago
@kennjohnsen Both of you are weak and emotional for those comments but. He is almost rite about unnatural behavior killing economies around the world. Unnatural behavior requires a jump start daily! Peach man and brown men both good and evil! Depends on who's looking! from what angle! LOL!
brown887842 1 month ago
Peter, could you adress the stupid socialists protesting S&P in Paris.
MetalHeadViking 1 month ago
The American Dream is another humans nightmare.. Leave Iran alone ! are American soldiers that stupid to fight for money ? Come on people Ron Paul 2012 ! Your enemy is not IRAN but your own government and Banks !!! Do something about it ! How smart is your Nation..
herbertusbikker 1 month ago
The crash will not come before Iran is brought down. America is preparing the war on Iran NOW. That's what Bush/Obama ment when he told us that America can only fight one war at a time. They distort what they really mean with positiv language. I call it FOX-Newspeak
pcuimac 1 month ago
Peter, your words are clear but your video is blurry.
npuva1 1 month ago
That's not correct! We here in germany have much debt on our communal balance sheets. But your general thesis is solid. America has not earned this trust. But of course the american banks ignited this war on europe.
pcuimac 1 month ago
Great video - but on one point I think you're mistaken. You say that if US interest rates were as high as those in Italy and Spain, the US economy would be in much more trouble. However, Googling "Italian base interest rate" or "Spanish base interest rate" reveals that they are also at historically low interest rates (approx 1%).
MostlyZen79 1 month ago
They don't care about the money.... they want the land... saying the land is the lesser than the obligation is retarded
btigtime2 1 month ago
w w w . youtube.com/watch?v=z3IZPIWhWnQ
now you know!
SteveXnycperformance 1 month ago
The difference between the US and the Euro zone is we have the Fed, they can continue to buy our debt, keeping internal interest rates low even after other countries refuse to buy it. The Euro zone doesn't have that ability.
priceka1984 1 month ago
@priceka1984 Correct, but in case the FED buys all the debt the US dollar wouldn't have any value whatsoever because it will have been completely debased trough money-printing.
Gauthinours 1 month ago
@priceka1984
That's not correct, the ECB is buying most of the debt.
kennjohnsen 1 month ago
@priceka1984 the ECB has all the abilities of the Fed. They claim they won't use them but they already are doing it.
ytgv3fc7 1 month ago
peter says:
American should manufacture, not borrow to consume.....
so I wonder what do u American manufacture nowadays aside from 'smart' bomb and the like... ;).
goolden1 1 month ago
@goolden1 high-value innovation that's lasting requires difficult techniques using high-tech. Be it manufacturing, surgery or medical production, memory & sensor technologies, America can do it best. Would be Japan but they have a "problem" right now. Russia's also incredibly advanced in this arena as the Soyuz keeps proving.
ytgv3fc7 1 month ago
It would be nice if Schiff gave a heads up on Ron Pauls Money bomb happing NOW!!! Please go to RonPaul2012-dot-com and donate!!! RP needs our help!!!
AvidLifestyle 1 month ago
Can I get a job working for you?
MrDemianmtz3 1 month ago
peter you're the man!!
MrDemianmtz3 1 month ago
I'd like to see a video response refuting Schiff's points . . . I really don't want Schiff or the Mayans to be right.
qwertyuiop8272 1 month ago
we raise the debt ceiling every quarter now, yet we can't raise it to infinity or our debt would be worthless... is that right?
NinkasiDelight 1 month ago
Nobody likes hearing all the negative out there. We want to hear an answer.
0HippyHunter0 1 month ago
@0HippyHunter0 You have to know the problem to know the solution, and Schiff has advocated for the solution for years.
theblackout27 1 month ago
@0HippyHunter0 The answer is to stop doing the negatives.
intrepidorator 1 month ago
This has been flagged as spam show
Jewish Republican Coalition didn't invite Ron Paul to its debate because Ron Paul refuses to send Americans to war & death for Israel
Vote Ron Paul.
Stevie68000 1 month ago
What happens when the Schiff hits the fan?
BellHuey72 1 month ago
Ron Paul 2012! Peter Schiff treasury secretary 2012!
ozonewdb 1 month ago
peter schiff hates america! he should go on RT. i hope his blog is the first to get SOPA'd and he is the first person to get NDAA'd
malumanimi 1 month ago
@malumanimi Keep living in La La Land.
triathlete007 1 month ago
This has been flagged as spam show
obviously this guy has his head up the ass of JP Morgans- the Banks have put people in debt for as long as I can remember - Obama hating liberitarian - all Mine None for you Politics of the 1% - Fast Money Phoney - whats he broadcasting from a Casino - Another Ad Hominem Idiot
ConveyorBeltBand 1 month ago
Peter's logic is chilling, how can anyone refute it? Greece's financial picture collapsed within months when the true picture was appreciated. The same thing could happen here in the U.S.
flavurs 1 month ago
@flavurs
Greece cannot create the Euro.
the US, the greatest currency manipulator in the world, has its dollars created by the Federal Reserve, and lent to it.
the debt does not matter, because the Fed can create all the money to buy bonds near or at 0%.
so, the debt and interest rates will only matter when the bankers at the Federal Reserve wish to destroy the USA.
Ristar85 1 month ago
A.L.Williams Milco Insurance
SteveXnycperformance 1 month ago
shit i say raise it to a hundred trillion that it'll get us through the 2012 and it will all be over with anyway right.
silentmajor 1 month ago
@PaulRon2008 I didnt know that. Thanks. In that case, I would urge Peter to use his full title when appearing in the media.
Spinozin 1 month ago
I thought the dollar was suppose to go down! It sounds like the dollar is gaining value, could Schiff have been wrong on that?
silentmajor 1 month ago
@silentmajor the dollar is looking good in a bond bubble by smashing the euro. The purchasing power of the dollar is still dropping, meaning prices are still rising for everything basic people need to live. This means if you work "hours" and are paid in "dollars" then the food & gas you get is less for every "hour" every year. IF you didn't get paid in "dollars" this would not happen anymore.
Bottom-line, schiff isn't wrong.
ytgv3fc7 1 month ago
@ytgv3fc7
Bottom Line. Schiff doesn't follow Malthus.
Salvysahagun 1 month ago
@mistara31415
I don't think they give a damn, the Fed lend them all the money they need, and that gives you a problem, your saving are disappearing.
kennjohnsen 1 month ago
Switzerland has an AAA rating too!
SkyMex 1 month ago
@SkyMex True, but it's not part of the "euro zone" Norway is also AAA, but I did not mention it for the same reason.
SchiffReport 1 month ago 7
@SchiffReport
Singapore government debt is over 119% of GDP and are AAA. Why are they any different then America? might I add Singapore is also a "service bases" economy
Salvysahagun 1 month ago
@Salvysahagun
Maybe they can pay it back, the US cannot for the moment.
kennjohnsen 1 month ago
@kennjohnsen
What makes you think we can't pay back our debts at the moment?
Salvysahagun 1 month ago
@Salvysahagun
How would you do that with the deficit you got for the moment ? You can't save, or tax you out of your deficit.
kennjohnsen 1 month ago
@kennjohnsen
Nationalize the Fed. Write off all Student loans, being issuing credit for 1000 New Nuclear Plants, 1000 Hospitals, Rebuild the Highway system, National Maglev Train System, get NASA going again. Give all major cities + Suburbs Rail based Mass Transit systems.
Have the FDIC sieze Goldman Sachs, BoAmerica, CitiGroup, Chase, and all of the Zombie Bank/Brokers. Run them through Chapter 7. Reinstate Glass Steagal. Student loan amnesty. BAN Dirivatives. BAN cds
1% Wall Street Tax
Salvysahagun 1 month ago
This has been flagged as spam show
@kennjohnsen
Nationalize the Fed. Write off all Student loans, being issuing credit for 1000 New Nuclear Plants, 1000 Hospitals, Rebuild the Highway system, National Maglev Train System, get NASA going again. Give all major cities + Suburbs Rail based Mass Transit systems.
Have the FDIC sieze Goldman Sachs, BoAmerica, CitiGroup, Chase, and all of the Zombie Bank/Brokers. Run them through Chapter 7. Reinstate Glass Steagal. Student loan amnesty. BAN Dirivatives. BAN cds
1% Wall Street Tax
Salvysahagun 1 month ago
@SchiffReport Thanks, Peter. But then you should probably stress out more, that Europe does not equal the Eurozone. Many people talk about "Europe" when they mean "Eurozone"... We (as Norway, UK) do not want to belong to this mess... ;-)
SkyMex 1 month ago
@SkyMex Neither do we in DK! :-)
mortensnedker 1 month ago
@SkyMex
Your educated elite wants to.
kennjohnsen 1 month ago
Another great video Mr. Schiff, but you need to do more to promote Ron Paul such as pointing out that he was one of the other people besides you who was warning about the housing bubble as early as 2001.
a4finger 1 month ago
This is only partly right. Europe may be less into spending craze. The taxation is much higher too, so we can copy Ireland's way out of crisis.
On the other hand you completely ommit that US dollar is the forcefully supported by US army as exchange medium for oil. This is the main reason for me and my friends to bet on dollar lasting longer than euro in peak oil times.
Yet again Europe is much less dependent on oil for living (shorter distances, public transportation, bikes).
addziu 1 month ago
@addziu
You are only partly right.
kennjohnsen 1 month ago
@mistara31415
Ha...ha, for how long ?
kennjohnsen 1 month ago
Peter deserves so much more publicity. Thanks for the videos Mr. Schiff. Please keep them coming; you have many followers that benefit
0Mellennium0 1 month ago
Ron Paul 2012, Peter Schiff Treasury Sec!
mrearlygold 1 month ago
Twitter users: Muslim activists are pushing a pro-Islam twitter account to the top of the Twitter Awards. Please vote for the Ayn Rand Quote Bot, currently in 2nd place, by tweeting: "I nominate @AynRandBot for a Shorty Award in #author because free market ideas are desperately needed today." - or add your own rationale instead!
anti0918 1 month ago
14 minutes of SchiffReport is more valuable than a semester of college economics. You can trust me on this. :D
fxnooodle 1 month ago 58
@fxnooodle
Reading one issue of The Freeman ( fee.org ) is more valuable than a semester at college.
mrearlygold 1 month ago
@fxnooodle it also depend on which school you go to for economy,
must be in the US> :) lol
goolden1 1 month ago
@goolden1 it is even worse outside the US. In the US you have SOME challenges to Keynesianism, in liberal nations like UK, France, Germany, Australia, Keynesian economics is taken as 1 + 1 = 2. If you go to Europe and talk about conservative values, if peole are nice they will avoid you, if they are not they will spit on you. That is the attitude outside the US :)
fxnooodle 1 month ago
@fxnooodle not in Germany. In Germany they very much understand Keynes is a fuckup.
ytgv3fc7 1 month ago
@fxnooodle Ha, and I'm starting microeconomics for the spring semester tomorrow. What a waste
pdeg001 1 month ago
@fxnooodle holy shit is that true.
steamedturtle 1 month ago
More good information.
autobahn101driversed 1 month ago
@2:20 ::stomach grumble:: Somebody is hungry!
maltodextrin1000 1 month ago
what no one understands is this was all started by the rothchilds they are part of the free masonry the illuminati , i know your all thinking i must be some sort of nutter but its true get a dollar bill out and look in the bottom left you will see the all for seeing eye which has to do with the freemanry the illuminati all of what is going on is all part of there shit plan of a " new world order" its been collapsed on intent go do the research
benjiheads 1 month ago
Peter Schiff vs. HS Dent!!! now that would be a good debate! cmon Peter belly up to the bar.
noodles818 1 month ago
The U.S. Dollar is based on its military. Bombs, Predator Drones, Hellfire Missiles, C.I.A. and Aircraft Carriers. If you don’t accept the U.S. Dollar you will be bombed into rubble.
workwillfreeyou 1 month ago
Hi Peter, But what about Gold? If the US dollar starts gaining as the Euro falls, will the price of gold drop like a hot potato? Thanks!
Bobster986 1 month ago
Please try and remember that Europe and the Euro-zone is not the same thing! Even more countries in Europe are AAA, such as Sweden, Denmark, Norway and Switzerland!
hans4908 1 month ago 12
@hans4908 Thank you, and also (so far) the UK.
thunderballacks 1 month ago
Fantastic video... One thing I'd like for you to clear up. I know interest rates should be increased due to a lack of savings and inflation but what kinds of things will trigger an increase in interest rates?
usaelectionpolls 1 month ago
When a group of Amish people gather to build a Barn; what is the cost?
If a construction contractors child was sick or injured and there weren't any hospitals; how much profit should the contractor make from building the hospital to help his child? What is a reasonable return?
Can an electrical power plant operate so that it pays all the Bills and sets a little money aside for upgrades and repairs? Why does it have to take profit?
If Ivy League schools are so nice; why aren't all schools IL?
ManufacturedLack 1 month ago
1.Materials, work and of course the debt. The one whose barn they are building is expected to participate in building other barns. One problem with this - what of someone doesn't like building others barns - he is not free untill he can't refuse to do so.
2. Profit? Whatever he can get. No hospitals around - i presume it's huge. So huge that new ones will be there sooner than u think.
pipem4n 1 month ago
3. There is no privatly owned and goverrned power plant. That said: what are u asking - can it be better than it is? Of course! Why would u not take a profit from ur work? Want to work for free? I have some work to do - come to me I will give u nothing and will demand highest standard of labour. You will be my slave :D
4. Because Dep. of Education. Everything what is wrong with schools comes from government. Might want to tatoo it on ur forehead.
pipem4n 1 month ago
@pipem4n My work doesn't receive government welfare. My work did not use Tax payer money in it's construction. My work wasn't built as a Public Benefit project.
The structure doesn't have to change, talented people who work at the plant would be paid well. Profit is usually money above and beyond all cost, labor and materials. I like profit it is good.
George Carlin has a good video on why education sucks in America; "the owners want it that way".
ManufacturedLack 1 month ago
@ManufacturedLack
Whats your point? - you still have to make me somehaw to build the damn barn because I do not like the idea of building it for you. On the other hand I would love you build me one without any pay form me.
pipem4n 1 month ago
@pipem4n The Amish own the land, they own the trees, they own the mill, they grow all the food that feeds the workers. They could build a Barn every day for 1 year if they had the need for 365 Barns. None would owe any money. Now what will you do with the 29 Years in which you would have had a Mortgage?
What if every person tried to get "whatever" they can get from the Contractor? Maybe a mark on his face would help others to see his nature.
ManufacturedLack 1 month ago
@ManufacturedLack
U dismissed the debt problem and the lazy amish problem - typical. Don't answear what doesn't fit :D
pipem4n 1 month ago
@pipem4n The Debt problem is simple; don't pay it. Anyone who thinks that millions of tiny investors, all hoping for their $1.30 dividend on Americas Debt, will somehow be disappointed, is sadly mistaken. The private Federal Reserve, the World Bank and the World's wealthiest people ARE the only people who benefit from all the Debt. Debt is their only product.
ManufacturedLack 1 month ago
@ManufacturedLack
Not really. A lot of this money is suppose to be retirement for a lot of peoples. They were coerced to pay for this and now they will get nothing. I do the same - pay for my retirement which I know i won't get, If i didn't do that i could not do my job in my country. Of cource it's sick and immoral.
pipem4n 1 month ago
@pipem4n Which country, please? I am studying this. Thank you.
doughtymqan 1 month ago
@pipem4n People need retirement funds to pay all the for profit providers of basic life necessities. All the years that people worked to enrich their Boss was a waste of time. They should have been working at ensuring that they would have housing, electric and water for when they are too old to work, or fight for their rights. The people of a Town or City can own and manage their own utilities. We don't need Speculators to do this. Possession is 9/10 of the Law.
ManufacturedLack 1 month ago
Now you are talking complete nonsence.
1. save for retirement, don't count on government it will rip you off
2. Boss is buying your work -you do not work slavishly for him, he ows you nothing
3. In the old days people simply had kids that grew and supported their old age
4. We are all speculators. we decide when to buy, what buy, when to sell and what whether we work more or less, whether we produce & what we produce. You will add IF to all of above too.
profit provider?
pipem4n 1 month ago
@pipem4n The Retirement age keeps being raised because the managers of the system are hoping that workers will be dead before they can collect their Retirement.
Take all of the alleged debt in the World, and then try to imagine how much "productivity" would be required in order to pay all of the alleged debt.
If every person owed got everything owed to them; what would the global distribution of wealth be? Where would the Money Go? Who is owed?
ManufacturedLack 1 month ago
@ManufacturedLack
Simple answer is - money is not there. It's a giant ponzi scheme. No it's not possible to pay all of it back. Hardly any of it will be payed back. So gov. will print into oblivion and money will be soon worthless, system will do one of 2 things:
transform into tyranical total government possibly world wide, or banckrupt and sober up with freedome refreshed.
pipem4n 1 month ago
@ManufacturedLack
Ment the amish debt to other amishes
pipem4n 1 month ago
@pipem4n Lazy Amish? How many Amish people do you know? To be fair, the Amish Rulers are running the same scam as most Societies. The many at the bottom support the few at the top.
If a ruler at the top walks away, there isn't much change. If the people at the bottom walk away, the entire Monopoly Pyramid crashes.
Look around at all the Federal and State assets; then ask yourself, who has more to lose, should the system collapse. Who benefits the most, in the system they created?
ManufacturedLack 1 month ago
I just made one up ok? One lazy amish - what happens to him if he refuses to go build others barns? He's excluded from gis community or idk. ? U might as well tell me.
I just think that amshes aren't free beacuse they have a build in debt to them - right? Like Japanese in the old days had an unpayable debt to emperor - son of god or sth like