He appears to do this whole thing with even looking at a note. Barry uses a teleprompter to address grade school kids. America has cranial rectal inversion putting that incompetent "community organizer" in the oval office while Connecticut "republicans" pick a wrestling ho over the common sense and leadership of Peter Schiff. The USA IS doomed. Peter, thanks for the very clear warnings.
The people of Connecticut (are morons) and did the U.S. a great dis-service and missed a huge opportunity by not putting Peter Schiff in the Senate. We need Peter in the Congress. Peter, PLEASE continue to run, Lincoln missed his first shot too. We need your common sense in that chamber.
@chickatawbutt Peter Schiff would not and will not get anything done in congress by himself. And that is just the honest truth. After all Ron Paul has been there for decades and has essentially achieved nothing. One senator/congressman cannot change anything.
It is the people that have to wake up and make their politicians listen to their needs and worries. If we speak sternly and if enough voices speak out, they will listen.
Did you know that all mortgages in this country are fraudulent? Did you know that if you were to take your mortgage company or bank to court, like I'm doing now,that they cannot prove they gave you a loan and then come to you with offers to settle? A signiture on a promisorry note does not prove a loan. A loan is when you take your assets and put them at risk for someone else. Well thanks to the fed reserve, that never happens. And some of us have wised up and called bluffs.
Yeah do some research ..You'll find investor after investor writing about Schiff's Euro Pacific Capitol fund losing 40 to 80% of their investment, recomending stocks that had been delisted and in the fight of their life to just get their funds back...just because a shit eating moron like Schiff pushes your personal prejudice buttons doesn't mean he's not a shit eating moron... People found that lovable old Bernie Madoff irresistible too...
".just because a shit eating moron like Schiff pushes your personal prejudice buttons"
lol, denouncing personal prejudice whilst diplaying personal prejudice, nothing escapes you does it? Well except a healthy dose of introspection anyway.
Since this asshat has lost 70% of his investor's money since 2009 I'm dubious..course if I'm ever on a desert island with 5 Chinamen this shithead's who I'm callin' first....NOT !
THEY ARE ALL A FUCKING DOG & PONY SHOW, THIS ZIONIST PIECE OF SHIT IS THE SAME SHIT WITH A DIFFERENT SMELL, DO YOU SEE THIS COCKSUCKER CALLING FOR THE PROSECUTION OF THE BANKERS, OH NO HE BLAMES IT ON THE PEOPLE THAT BOUGHT HOUSES! IF THE BANKER I ENTRUSTED MY MONEY WITH GAVE IT TO DRUG ADDICTS SHOULD I BLAME THE DRUGGIES OR SHOULD I KILL MY FUCKING BANKER!
THEY ARE ALL A FUCKING DOG & PONY SHOW, THIS ZIONIST PIECE OF SHIT IS THE SAME SHIT WITH A DIFFERENT SMELL, DO YOU SEE THIS COCKSUCKER CALLING FOR THE PROSECUTION OF THE BANKERS, OH NO HE BLAMES IT ON THE PEOPLE THAT BOUGHT HOUSES! IF THE BANKER I ENTRUSTED MY MONEY WITH GAVE IT TO DRUG ADDICTS SHOULD I BLAME THE DRUGGIES OR SHOULD I KILL MY FUCKING BANKER!
There are no Honors for this video as of now ( April 5 2010) If YouTube had artificial intelligence then this video would automatically be granted high honors by YouTube.
Anybody seriously interested in economics who's watching this, don't you think that China's old desire to keep the dollar high by keeping the yuan low by forcefully preventing imports to China by hoarding dollars confiscated from the people (and then the machine works by itself) had some intent other than just limiting American exports? Given the bubble economy causing rising price indices for housing (the pith of overrating actual demand) their hoarding was perhaps to CREATE that debt economy?
Obitchyouwary couldn't out-dive two more experienced Bush-pilots when Joe Plumber was on Debate III with an IQ of TWO for a half-hour, so Granny Maddie told Bam he was Kenyan, she died, and that's all I have to say about THAT. Shoulda dumped, but he gumped past Cosby and Bel Air, which tell him to STAY HOME, and leave Star Trek to the conventioneers, but NO! We wait for Disney to roll over and invent a new cartoon, for Mr.President. Planes, copters, and cars roll over, in 2011. Got volcanoes?
Bring'em all if you'd like. All long as you're cool with black folk, then I don't mind. Maybe you can help us take down this white devil we've been dealing with. Then we can heal mother nature, and start living in peace again.
That's because the African's genes are stronger than the genes of the white man. Thus the reason those devils want to kill us... I'm Navajo by the way.
@JurkoffJay i don't think he should keep his opinions to himselt hence this is a comment feature. better idea would be to have own opinion and offer it us so it might enlight others of perhaps better way of understanding. I understand what are you saying but please don't find yourself on the dark side of an argument for the sake of the argument itself. You understand what I mean.
I'm a social rather than liberalise-everything-now objectivist (don't worry, I believe in constitution to limit socially elected govt) BUT if Ron Paul was Republican candidate in 08, I would have voted for him over Obama (if I was American) Their libertarianism and Objective economics are now very needed as mercantilism, corporate-social-fascism, economic nationalism take America and the world into retarded capitalism affected by protectionism and demand side economics. Liberty is in danger.
Mr. Schiff, thank you for your clear insights on the current state of the world economy and that of the United States in particular. As far back as in the nineties, I already had a bad feeling about the way the American economy was evolving and what this would mean for the world at large. However, your analyses have been indispensable to me for fully understanding what has been and still is going on. I hope you will get elected to the Senate. Yours sincerely, Dr. Chris Scheerder, the Netherlands
Profound insight, watch this entire speech twice. more people need to see this. I believe this is a fight of information and disinformation. If every american watched this, considered these ideas, and took the time to research the information, we would not be in this situation. Instead, Americans watch CORPORATE news. Spread the word of people like Peter Schiff and Ron Paul. Great ideas travel at an exponentially fast rate.
@CensoredKnowledge Peter's radio show is catching on, he has about 30,000 daily listeners. Everyone does indeed need to spread the word about Schiff to friends family anyone open to a re-embrace of free market capitalism. Our prosperity is being stolen from us. Schiff articulates a defense of free market solutions better than anyone, and if we can get his message to a wider audience, non-Keyensian truth may start to permiate the mainstream press.
Just imagine how different things would be if this reasoning were to be found in investment houses, television stations, and Washington. Everyone I know is broke, and most of the once safe and great cities throughout the Midwest look like they've been hit by a bomb. Too bad we'll never hear Peter Schiff's common sense message on mainstream network television. There's not enough space between all the stories about "cash for clunkers" and "$8000 buyer credits" that Obama thinks constitutes CHANGE.
I'm really appreciative of Peter Schiff for crystallizing what's really been wrong with the US economy. As a conservative who's transforming into a "classical liberal", I've tended to focus just on fiscal policy issues (tax, spend, & regulate). I've never put much thought into monetary policy (the FED). Only Schiff and Ron Paul are laying out the problems with this in black and white. Anybody that points out the problems with the FED (including Rep Alan Grayson) we should pay attention to.
Peter Schiff is the "Nostradamus of Economics". He owns the ass of Danielle Babb, Art "The Ignorant" Laffer, all CNBC clowns and the rest of stupids that missed this crisis. They missed it becuaes they dont' understand the fundamentals of the US Economy.
Shorts are hitting this stock hard, should you be shorting it too?
Sirius XM Radio Inc. symbol SIRI is trading at 0.31 this stock is going down. It could be a good idea to shot this stock. Because it will NEVER, NEVER go up again.
peter schiff appeared in my dream. I broke into his house. But there was nothing tangible to find. Then he came in and i said something..i cant remember hahaha i ve watched too much schiff videos
How? The US public requires borrowing to pay the interest on the existing debt. The Fed will still print Treasuries but will have to raise interest rates to get people to buy them., thus increasing the supply of dollars at redemption.
Who would by them at any price? The communist US government is about as solvent and functioning as Russia was in 1984. Treasury notes are worth even less than federal reserve notes.
Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
I dont see how anyone can think this man is full of it.He is obviously one man who understands exactly what has been done to us.But I do understand the denial.Noone wants to see the elephant in the room.Maybe we need to wake up before it is too late.If it isnt already
This comment has received too many negative votesshow
He's full of it. The GDP of the US is 14 trillion. The GDP of China is 3 trillion. In the appropriate analogy, the one American is producing more than 4 times the goods and services than the 5 Chinese put together. The idea of the US trade deficit ignores the reality that Treasury bonds and bills are exported products. Products that happen to be in extreme demand right now.
GDP = C+I+G+(export-import) - in America, everything except for I (saving) is pretty high. In another word, the US $14T economy is driven by consumption, gov't deficit and imported goods, not by saving, manufacturing or export. Americans don't save anymore - they all have negative savings, $20-30K in credit-debts + long-term loans like automobile, college, in addition to their huge mortgages.
Noone denies the significance of the U.S. economy. The point is that (1) American consumption is unsustainable, largely because it is debt-driven; (2) American consumption comes at the expense of present foreign consumption, hence the trade deficit. As an extreme example for (1), a beggar could previously get a loan to buy a $1m sportscar, thus adding $1m to GDP. Obviously that's flawed.
Are you in reality? Examine what GDP is and how the numbers are formulated, to include inflation rigged inflation figures, and then revisit your stance on our GDP.
Furthermore, we are a net consumer economy with a small and shrinking productive base. Our debt as an export to be proud of is a fallacy; our debt is worthless and our creditors are slowly figuring it out and are trying to figure out how to dump us as they receive devalued dollars in payments. The rally in the US dollar will end as soon as the flight to perceived safety is over (IE deleveraging is over) ad we are in for a collapse in the dollar and rapid price inflation of consumer goods.
that's funny, I always thought selling a bond to china meant borrowing money from china. how's that adding to the GDP? except of course that you can inflate the GDP further by spending the borrowed money.
what you're looking for is the capital account. which happens to be negative for the US too, but the current account is more relevant in this situation anyway.
China is in the crap too. many moved from rural areas to cities where they worked in factories. If the US stops buying a lot of goods those factories will close and those people become reliant on the govt.
It is more like the Asians plundered the island to feed the fat American and now the economy has to regrow. They gave up some of their self reliance and national interest.
Interesting to compare the 1870s Long Depression for how the US had a rail boom and the Chinese response at the moment.
He's speaking to a bunch of bankers ? I wonder how many in the audience were shifting in their seats going, "Do I have to listen to this? In the 1800's we borrowed money, built infrastructure and produced exportable goods? Duh." And I'm like : "Evidently you need to be reminded." Sit tight, there's more.
Every nation that wanted to expand or have extra power always had some kind of technology or extra power. And that extra power was slaves. Since 1759 when the first oil well was drilled in Pennsylvania, the US started going toward OIL BTU slavery. We started trading our slaves for dark liquid horsepower, which is much more powerful. Every nation had slaves and we were one of the first to abolish it via the civil war. And the slaves we bought were from Blacks who enslaved others and sold them
Actually, the US was one of the last nations to abolish slavery, and only one of two to do so violently. All other nations(aside from haiti) managed to give it up without hundreds of thousands of deaths.
This comment has received too many negative votesshow
White His-story always starts where it is conveintent to justify their barbarism. African people never had chattle slavery, they never de-humanized people. They and captives in war like all others, some of those captives even married into their captors families. Of course you would defend your version of his-story.
We are all going to be held accountable, there are no INNOCENTS.
US has been a WAR ECONOMY FOR centuries, it stared off like that, stole the land from the Indigenous Peoples, then enslaved Africans to build theri stolen Nation.
You benefit like we all have benefitted from the injustices, educate yourself!
John Pilger is a great place to start, "The Best Democracy Money Can Buy and "The New Rulers Of The World" -"Stealing A Nation" google videos
This comment has received too many negative votesshow
One place with peter fails is hails being a creditor nation as some virtuous position to be in, no its not your just making the other countrys slaves to your debt if your a creditor which is the whole problem. So the reason America is now the debtor nation is an act of reaping what you sow. This is Karma.. you have also dropped plenty of bombs around the world its 100% that every bomb will have to be dropped back, Karma is as solid as the law of gravity I assure you.
Obama is Trilaterial Commission, Joe is chaiman of CFR, their job is to make sure the "third world" does not develope, so they can keep resources for the "white nations",ie
THE WESTERN NATIONS, they use NATO to enforce that policy, so the people of Africa, China, Indonesia +, spend all day looking for their daily bread literally. They live on a $ a day! The problem with you is you are a ignorant RACIST, which is why the US is sinking like the TITANTIC! via WHITE SUPREMACY philoshopy worldwide
China has currently the most investments in Africa, and the number is still growing. So yeah, they want to have something to do with black people. The color isn't important. It's about the development. Africa is rich is resources but poorly developed, if someone would invest in those strategic territories, the currently so called developed world would have to pay the Africans much more for many luxuries.
yeah, like western "investment" in africa has done africa a lot of good in the past 200 years. china wants to exploit africa, just like europeans have been doing so for 200 years. the easiest way for foreigners to exploit africa is to use native african dictatorships to exploit the common african people. foreigners win, african dictatorships win, and african people lose. lo and behold, china is supportive of sudan, zimbabwe, and other kleptocracies.
Your schemes, WB & IMF of making self centered loans that were designed to benefit only the western nations that orignated the loans was never intended to do Africa any good. Now your Global Monetary Breakdown Crisis, you want to blame on other than your self. "As you sow, so shall you reap" The truth is the whole world is sick of "white" arrogance and Hubris. Your colonial days are ended forever! DIE WALL STREET DIE!
I wish only white people were arogant. Unfortunetly this is not the case. You have to be totally stupid not to notice how arogant are most of political leaders in Africa. Of course great harm was done to Africa by white people but for last 50 years or so they were left on their own (mostly). This however didn't lead to substantial positive change. On the contrary most of the nations have much bigger problems.
U.S has had 232 yrs to fuck up their country, yet you say Africa a whole continent after being raped by western nations for 500 yrs, millions of their ppl killed and enslaved which = depopulation, then the west spreads IMF & WB loans with strings attached and the WHO spreads AIDS, they should be up and running in 50 yrs? your not stupid, your dishonest.
Ha, left alone for 50 years? Rhodesia anyone? I don't think you could discount the ravages of imperialism even if they were "left alone" in recent history. The diamond trade today takes more than it gives to Africa. Even if you don't want to buy into the blood diamond image in it's entirety it is certainly evident of great economic disparity, again due to defunct economic systems that without the aid of militant imperialism in the past would not exist in the present.
This comment has received too many negative votesshow
the world wide philosophy is "black inferiority". Nobody likes black people, china and indonesia certainly don't. east asian cultures are racist against black people and view black people as little better than apes.
This comment has received too many negative votesshow
You statement says more about your racist mentaly than it does about Black ppl. You stole everything you have, and soon The New Sun will cleanse your mutant kind off the planet. Do not project you "inferiorty" on Black ppl, because you have calified pineal glands, and a zero population growth, nature always reduces filth from the Earth thru natural selection.
This comment has received too many negative votesshow
My only problem with him is his last name. Schiff.. Jacob Schiff was one of the most treasonous bastards to step foot in America. He was a Rothchild agent here in America for the International Bankers.
Thats because its such a strong message, a real message not some fanatical bull crap, its a message of logic, less spending, more founding principles.
This guy is a prophet and like other prophets he will be ignored by the mainstream.
However, once the dam breaks they will wake up. This video will be studied in schools of finance for the next 30 years as a case study in how stupid we were.
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sha370z 1 month ago in playlist Peter Schiff
He would be a good president for he US.
TWSceptic 1 month ago 2
Michael Burry was the first to predict the sub-prime crisis and made $700 million for his clients.
Schiff is sham...!
lionmeal 3 months ago
put in greenspans lap ..hes almost dead
makokan2000 5 months ago
Today instead producing consumer goods America makes weapons, bombs, which sells or puts into other countries.
rozpoznawaniemowy 5 months ago
why can't these videos go viral? sadface.
obeonecolby 8 months ago in playlist Financial 2
I made a good edit and Barry Asmus update from this debate. Search for Peter Schiff vs Barry Asmus - An Economics Lesson.
(sorry for the shameless plug but I think it's relevant to this video)
RealHarrySeaward 10 months ago
115 933 views.
Do I need to elaborate?
bigfletch8 1 year ago
Great speaker! Banker indeed made a lot of revenues because of foreclosure properties.
spectrum0590 1 year ago
He appears to do this whole thing with even looking at a note. Barry uses a teleprompter to address grade school kids. America has cranial rectal inversion putting that incompetent "community organizer" in the oval office while Connecticut "republicans" pick a wrestling ho over the common sense and leadership of Peter Schiff. The USA IS doomed. Peter, thanks for the very clear warnings.
chickatawbutt 1 year ago 10
@chickatawbutt Yeah it's quite sad...
TWSceptic 1 month ago
The people of Connecticut (are morons) and did the U.S. a great dis-service and missed a huge opportunity by not putting Peter Schiff in the Senate. We need Peter in the Congress. Peter, PLEASE continue to run, Lincoln missed his first shot too. We need your common sense in that chamber.
chickatawbutt 1 year ago 3
@chickatawbutt Peter Schiff would not and will not get anything done in congress by himself. And that is just the honest truth. After all Ron Paul has been there for decades and has essentially achieved nothing. One senator/congressman cannot change anything.
It is the people that have to wake up and make their politicians listen to their needs and worries. If we speak sternly and if enough voices speak out, they will listen.
emichik86 1 year ago
@emichik86 Agreed. I think we call it the Tea Party.
chickatawbutt 1 year ago
the news always laughs at this guy on tv, but i don't get it, if he was telling the truth why do they laugh at him?
TheBlitz1 1 year ago 2
Did you know that all mortgages in this country are fraudulent? Did you know that if you were to take your mortgage company or bank to court, like I'm doing now,that they cannot prove they gave you a loan and then come to you with offers to settle? A signiture on a promisorry note does not prove a loan. A loan is when you take your assets and put them at risk for someone else. Well thanks to the fed reserve, that never happens. And some of us have wised up and called bluffs.
tbursee 1 year ago
Simple solutions like Schiff's are usually simple, plausable and Dead Wrong..
bellcord 1 year ago
Yeah do some research ..You'll find investor after investor writing about Schiff's Euro Pacific Capitol fund losing 40 to 80% of their investment, recomending stocks that had been delisted and in the fight of their life to just get their funds back...just because a shit eating moron like Schiff pushes your personal prejudice buttons doesn't mean he's not a shit eating moron... People found that lovable old Bernie Madoff irresistible too...
bellcord 1 year ago
@bellcord
".just because a shit eating moron like Schiff pushes your personal prejudice buttons"
lol, denouncing personal prejudice whilst diplaying personal prejudice, nothing escapes you does it? Well except a healthy dose of introspection anyway.
Guess irony can be pretty ironic sometimes.
canisfamilliaris 1 year ago
@canisfamilliaris "Irony can be pretty ironic" !!...Cripes, that's your big insight ??...How 'bout "Morons can be pretty Moronic "...
bellcord 1 year ago
@bellcord
or volcanoes can be pretty volcanic?
canisfamilliaris 1 year ago
Since this asshat has lost 70% of his investor's money since 2009 I'm dubious..course if I'm ever on a desert island with 5 Chinamen this shithead's who I'm callin' first....NOT !
bellcord 1 year ago
I was checking my 401k in one fund they had 5% allocated to mortgage backed securities
TheRenaissanceYngMan 1 year ago
This has been flagged as spam show
THEY ARE ALL A FUCKING DOG & PONY SHOW, THIS ZIONIST PIECE OF SHIT IS THE SAME SHIT WITH A DIFFERENT SMELL, DO YOU SEE THIS COCKSUCKER CALLING FOR THE PROSECUTION OF THE BANKERS, OH NO HE BLAMES IT ON THE PEOPLE THAT BOUGHT HOUSES! IF THE BANKER I ENTRUSTED MY MONEY WITH GAVE IT TO DRUG ADDICTS SHOULD I BLAME THE DRUGGIES OR SHOULD I KILL MY FUCKING BANKER!
911LIARS 1 year ago
This has been flagged as spam show
THEY ARE ALL A FUCKING DOG & PONY SHOW, THIS ZIONIST PIECE OF SHIT IS THE SAME SHIT WITH A DIFFERENT SMELL, DO YOU SEE THIS COCKSUCKER CALLING FOR THE PROSECUTION OF THE BANKERS, OH NO HE BLAMES IT ON THE PEOPLE THAT BOUGHT HOUSES! IF THE BANKER I ENTRUSTED MY MONEY WITH GAVE IT TO DRUG ADDICTS SHOULD I BLAME THE DRUGGIES OR SHOULD I KILL MY FUCKING BANKER!
911LIARS 1 year ago
his hair has really gone grey over the last 4 years
HandyMan101 1 year ago
Mortgage brokers and Realtors. What a bunch of slime.
jvolstad 1 year ago
Please tell your friends about this amazing video.
For convenience this video can be found at the web page: spectacularprediction
( just add the common prefix and suffix which is not allowed in these posts )
pixelsmart 1 year ago 2
There are no Honors for this video as of now ( April 5 2010) If YouTube had artificial intelligence then this video would automatically be granted high honors by YouTube.
pixelsmart 1 year ago
Anybody seriously interested in economics who's watching this, don't you think that China's old desire to keep the dollar high by keeping the yuan low by forcefully preventing imports to China by hoarding dollars confiscated from the people (and then the machine works by itself) had some intent other than just limiting American exports? Given the bubble economy causing rising price indices for housing (the pith of overrating actual demand) their hoarding was perhaps to CREATE that debt economy?
Nintendomanwill 1 year ago
I could listen to this guy endlessly, it's just common sense, as it usually is.
GtheMVP 1 year ago 4
Obitchyouwary couldn't out-dive two more experienced Bush-pilots when Joe Plumber was on Debate III with an IQ of TWO for a half-hour, so Granny Maddie told Bam he was Kenyan, she died, and that's all I have to say about THAT. Shoulda dumped, but he gumped past Cosby and Bel Air, which tell him to STAY HOME, and leave Star Trek to the conventioneers, but NO! We wait for Disney to roll over and invent a new cartoon, for Mr.President. Planes, copters, and cars roll over, in 2011. Got volcanoes?
bobgnote 2 years ago
We had 400 thousand African slaves t back then too.
The normal white man wont work in the 21st century, and there's only so many Mexicans in the U.S.
JurkoffJay 2 years ago
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Hivento 2 years ago
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Hivento 2 years ago
Bring'em all if you'd like. All long as you're cool with black folk, then I don't mind. Maybe you can help us take down this white devil we've been dealing with. Then we can heal mother nature, and start living in peace again.
JurkoffJay 2 years ago
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Hivento 2 years ago
What about his cracka ass? He's from a white womens whomb.
JurkoffJay 2 years ago
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Hivento 2 years ago
That's because the African's genes are stronger than the genes of the white man. Thus the reason those devils want to kill us... I'm Navajo by the way.
JurkoffJay 2 years ago
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Hivento 2 years ago
Are you out of your mind devil?
JurkoffJay 2 years ago
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Hivento 2 years ago
Nothing, if your the devil.
JurkoffJay 2 years ago
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Hivento 2 years ago
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Hivento 2 years ago
I'm Navajo as all hell, devil. And fuck your dad!
JurkoffJay 2 years ago
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Hivento 2 years ago
lol.....genes are genes, none is "stronger" than the other.....that's racist nonsense
pretorious700 2 years ago
No. You're mistaken. Do your research, and please keep your OPINIONS to yourself.
It would be like saying a brown bear has the same genes as a black bear, polor bear, ect..
JurkoffJay 2 years ago
No, moron, I didn't say they were the same...what would quantify "strength" in a gene other than dominant vs. recessive?
pretorious700 2 years ago
moron?
Ok, that's enough of out of you white devil.
JurkoffJay 2 years ago
A black power Navajo arguing with a white devil Aymara... I guess I really have seen it all.
What was this video about again?
ilferrari 1 year ago
@JurkoffJay i don't think he should keep his opinions to himselt hence this is a comment feature. better idea would be to have own opinion and offer it us so it might enlight others of perhaps better way of understanding. I understand what are you saying but please don't find yourself on the dark side of an argument for the sake of the argument itself. You understand what I mean.
OK2BCK 1 year ago
@pretorious700
Easy now, you just broke this guy's bubble, the bubble his supremacist beliefs long instilled in him.
GtheMVP 1 year ago
@JurkoffJay Stronger? Older perhaps...but stronger? Thats quite debateble
kardentyrell 1 year ago
165 tons mined gold in the world equals
5.5 trillion us $ @ $1100 ounce
Does this mean one should hourd gold for retirement?
Would have worked great if you started in 2000 @ $280 ounce.
Now were into trillion $ annual deficits and the worlds demagraphics are getting very very grey ,long in the tooth
and expect the government to take care of them after putting all that $ into social security their governments dont really have.
brotherjupiter 2 years ago
to jacobrester - regarding; "Hey ass kisser........do you know what happens in China if the US stops buying their products ?"
6:15
Wcoltd 2 years ago
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Frankenpalin 2 years ago
I'm a social rather than liberalise-everything-now objectivist (don't worry, I believe in constitution to limit socially elected govt) BUT if Ron Paul was Republican candidate in 08, I would have voted for him over Obama (if I was American) Their libertarianism and Objective economics are now very needed as mercantilism, corporate-social-fascism, economic nationalism take America and the world into retarded capitalism affected by protectionism and demand side economics. Liberty is in danger.
Nintendomanwill 2 years ago
He's running for President in 2012 right? I would love to see a Schiff / Ron Paul ticket! :D
twowheelterror 2 years ago 25
nah senator 2010
fatjohn1408 2 years ago
THE PROPHET SPEAKS,WE SHOULD ALL BOW.
MrTabby5000 2 years ago 2
He's no prophet!
Just an economist with common sense and integrity
Sam26100 2 years ago 5
you are right!
to everyone: watch the video about his fathers book and you become a "prophet" too.
irwin schiff "How the economy grows and why it doesnt"
watch?v=bFxvy9XyUtg
Krampfarsch 2 years ago
Cool, thanks for the link
Sam26100 2 years ago
Comment removed
djtohkee 2 years ago
@Sam26100
According to dictionary(.) kom
prophet
4. "a predictor" so he is a prophet!
djtohkee 2 years ago
I just checked your source, that's only one out of 7 definition posted there. Most refer to some mystical source, such as God or whatever
I.E. Schiff is not Nostradamus, he made a prediction based on facts, not divine revelations
Sam26100 2 years ago
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Hivento 2 years ago
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Hivento 2 years ago
Mr. Schiff, thank you for your clear insights on the current state of the world economy and that of the United States in particular. As far back as in the nineties, I already had a bad feeling about the way the American economy was evolving and what this would mean for the world at large. However, your analyses have been indispensable to me for fully understanding what has been and still is going on. I hope you will get elected to the Senate. Yours sincerely, Dr. Chris Scheerder, the Netherlands
christiaan1876 2 years ago
If you want Mr. Schiff to read your comment I suggest you write to Mr. Schiff.
Philipisgr8 2 years ago
Comment removed
dyersev 2 years ago
Profound insight, watch this entire speech twice. more people need to see this. I believe this is a fight of information and disinformation. If every american watched this, considered these ideas, and took the time to research the information, we would not be in this situation. Instead, Americans watch CORPORATE news. Spread the word of people like Peter Schiff and Ron Paul. Great ideas travel at an exponentially fast rate.
CensoredKnowledge 2 years ago 32
@CensoredKnowledge Peter's radio show is catching on, he has about 30,000 daily listeners. Everyone does indeed need to spread the word about Schiff to friends family anyone open to a re-embrace of free market capitalism. Our prosperity is being stolen from us. Schiff articulates a defense of free market solutions better than anyone, and if we can get his message to a wider audience, non-Keyensian truth may start to permiate the mainstream press.
PenguinProseMedia 10 months ago
Keep up the Great work Peter!
joescarafone 2 years ago 3
Peter is king, everyone get liquid
worldgoingtozero 2 years ago
Just imagine how different things would be if this reasoning were to be found in investment houses, television stations, and Washington. Everyone I know is broke, and most of the once safe and great cities throughout the Midwest look like they've been hit by a bomb. Too bad we'll never hear Peter Schiff's common sense message on mainstream network television. There's not enough space between all the stories about "cash for clunkers" and "$8000 buyer credits" that Obama thinks constitutes CHANGE.
farmboycarl 2 years ago 2
I'm really appreciative of Peter Schiff for crystallizing what's really been wrong with the US economy. As a conservative who's transforming into a "classical liberal", I've tended to focus just on fiscal policy issues (tax, spend, & regulate). I've never put much thought into monetary policy (the FED). Only Schiff and Ron Paul are laying out the problems with this in black and white. Anybody that points out the problems with the FED (including Rep Alan Grayson) we should pay attention to.
thej762000 2 years ago
I watched all eight parts. Quite amazing! Has anyone described the 2007 housing bubble popping so well? If so, did they do it in 2006?
mustang607 2 years ago
awesome
mirezwer 2 years ago
Peter Schiff is the "Nostradamus of Economics". He owns the ass of Danielle Babb, Art "The Ignorant" Laffer, all CNBC clowns and the rest of stupids that missed this crisis. They missed it becuaes they dont' understand the fundamentals of the US Economy.
ytube2000z 2 years ago 3
to bad barney frank didnt listen to this guy
Fromthecenter1 2 years ago 7
This is a great speech of his. People should take his advice
moldyorangepeel 2 years ago
Asmus reminds me of a Lutheran "preacher" - he has nothing to say.
NoShackles 2 years ago
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Shorts are hitting this stock hard, should you be shorting it too?
Sirius XM Radio Inc. symbol SIRI is trading at 0.31 this stock is going down. It could be a good idea to shot this stock. Because it will NEVER, NEVER go up again.
Jfkennedy62 2 years ago
Are you spamming this comment? Well prepare to get called on your crap, I'm marking this as SPAM!!!!
fluff125 2 years ago
I'm impressed.
wernerbh 2 years ago 3
Mark Twain wrote about Tom Sawyer not Samuel Beckett.
pieaficionado 2 years ago
Samuel Clemmens not Beckett. Mark Twain was his pen name
asknudsen 2 years ago 3
Thank you for disabusing me.
pieaficionado 2 years ago 3
peter schiff appeared in my dream. I broke into his house. But there was nothing tangible to find. Then he came in and i said something..i cant remember hahaha i ve watched too much schiff videos
Mongodelight 2 years ago 13
Appeared in your dream!! HAHAHA!! These bankers are ALL treacherous twats who only think about theirselves and shot all be shot!! BASTARDS!!!!
ninjaboj 2 years ago
they're unemployed now and probably dreaming about him too
myrelative 2 years ago
could someone message me and let me know what part of the video he talks about capitalist fundamentals and the benefits of a contract economy?
thanks
Pete12344545 2 years ago
I agree!
bocianynazawsze 2 years ago 2
Funny that, right on the podium, it says
"Mirage"
Exactly what a bubble is no?
Jandlers 2 years ago 8
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I get what he's saying, fucking Asians.....
Questfortruth86 2 years ago
Peter needs to replace Barney Frank!
JoeDebMV 2 years ago 33
@JoeDebMV Send Barney Packing!
chickatawbutt 1 year ago
@JoeDebMV Barney Frank, is that fat ass speaker
bykashka75 1 year ago
@JoeDebMV Ron Paul just replaced him. So we are making progress!
tacitus7 1 year ago
I remember this now! ;)
JohnStumpfWF 2 years ago
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The minute the Chinese stop buying treasuries, the dollar will soar higher.
mongobobo 3 years ago
good point, lol.
b1muas22 3 years ago
How? The US public requires borrowing to pay the interest on the existing debt. The Fed will still print Treasuries but will have to raise interest rates to get people to buy them., thus increasing the supply of dollars at redemption.
stevo728822 3 years ago
Who got the money to by them?
Mediterraneanblue9 2 years ago
Who would by them at any price? The communist US government is about as solvent and functioning as Russia was in 1984. Treasury notes are worth even less than federal reserve notes.
icfnord 2 years ago
insolvent I would say.
Mediterraneanblue9 2 years ago
no u are wrong coz all this stimulus and borrowing from the reserve(private bank) will put it down more only when spending is done will it rise.
tech4156 2 years ago
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saveurhomenow 3 years ago
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thehelpfund.blogspot
mannyfeseha 3 years ago
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Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
DrewDownsManagement 3 years ago
Fallow Jim rogers to singapore. He's has it right
flagship21 3 years ago 3
I dont see how anyone can think this man is full of it.He is obviously one man who understands exactly what has been done to us.But I do understand the denial.Noone wants to see the elephant in the room.Maybe we need to wake up before it is too late.If it isnt already
daizee106 3 years ago 5
No only denial is the problem, some people are too stupid to see reality
nep808 3 years ago 4
Yep. This is the world today. Sheer madness
00587649 3 years ago 5
This comment has received too many negative votes show
He's full of it. The GDP of the US is 14 trillion. The GDP of China is 3 trillion. In the appropriate analogy, the one American is producing more than 4 times the goods and services than the 5 Chinese put together. The idea of the US trade deficit ignores the reality that Treasury bonds and bills are exported products. Products that happen to be in extreme demand right now.
erikmartin2 3 years ago
GDP = C+I+G+(export-import) - in America, everything except for I (saving) is pretty high. In another word, the US $14T economy is driven by consumption, gov't deficit and imported goods, not by saving, manufacturing or export. Americans don't save anymore - they all have negative savings, $20-30K in credit-debts + long-term loans like automobile, college, in addition to their huge mortgages.
just watch the remaining videos.
tooltalk 3 years ago 4
Imports are a negative - they don't "drive" GDP.
sssssup 3 years ago
ok, "characterized". Are you happy?
tooltalk 3 years ago
Noone denies the significance of the U.S. economy. The point is that (1) American consumption is unsustainable, largely because it is debt-driven; (2) American consumption comes at the expense of present foreign consumption, hence the trade deficit. As an extreme example for (1), a beggar could previously get a loan to buy a $1m sportscar, thus adding $1m to GDP. Obviously that's flawed.
sssssup 3 years ago 3
is your IQ negative or something?
trxtan1 3 years ago
And what goods are they producing for export?
Dream on buddy. America is fucked.
CeoOfKFC 3 years ago 9
Are you in reality? Examine what GDP is and how the numbers are formulated, to include inflation rigged inflation figures, and then revisit your stance on our GDP.
seanannapolis 3 years ago 3
Furthermore, we are a net consumer economy with a small and shrinking productive base. Our debt as an export to be proud of is a fallacy; our debt is worthless and our creditors are slowly figuring it out and are trying to figure out how to dump us as they receive devalued dollars in payments. The rally in the US dollar will end as soon as the flight to perceived safety is over (IE deleveraging is over) ad we are in for a collapse in the dollar and rapid price inflation of consumer goods.
seanannapolis 3 years ago 5
a product?
that's funny, I always thought selling a bond to china meant borrowing money from china. how's that adding to the GDP? except of course that you can inflate the GDP further by spending the borrowed money.
what you're looking for is the capital account. which happens to be negative for the US too, but the current account is more relevant in this situation anyway.
myrelative 3 years ago
although at least China has some savings and won't have to print ridiculous amounts of money.
stringbean9000 3 years ago
China is in the crap too. many moved from rural areas to cities where they worked in factories. If the US stops buying a lot of goods those factories will close and those people become reliant on the govt.
It is more like the Asians plundered the island to feed the fat American and now the economy has to regrow. They gave up some of their self reliance and national interest.
Interesting to compare the 1870s Long Depression for how the US had a rail boom and the Chinese response at the moment.
stringbean9000 3 years ago
God he's good. Compare this guy to the two socialist shills Obama and McCain...man we are in deep shit!
IPTVBoyz 3 years ago 7
"the 5 chinese would be better off just kicking the american off the island" That was harsh.... but I guess that's what's happening now.
chunhaylee 3 years ago 5
hay hay hay. ;D
whoa!!!!!! good vid! vQ
anujissexy 3 years ago
Why dishonest and "stupid" people are better SELF-ORGANIZED, than honest and smart ones?
alauc 3 years ago 5
He's speaking to a bunch of bankers ? I wonder how many in the audience were shifting in their seats going, "Do I have to listen to this? In the 1800's we borrowed money, built infrastructure and produced exportable goods? Duh." And I'm like : "Evidently you need to be reminded." Sit tight, there's more.
trombone7 3 years ago
hey, Mr Plumber!
I hope you enjoy Mr Schiff. He is the one of the few that dare tell things as they really are :)
--
LondonCrusader 3 years ago 2
They should FIRE Bernanke and Paulson, and have people like Peter on the helm of US economy.
butoijo71 3 years ago 7
great lecture...thanks for posting
boosuff 3 years ago 2
brilliant.
xxxresistance 3 years ago
Every nation that wanted to expand or have extra power always had some kind of technology or extra power. And that extra power was slaves. Since 1759 when the first oil well was drilled in Pennsylvania, the US started going toward OIL BTU slavery. We started trading our slaves for dark liquid horsepower, which is much more powerful. Every nation had slaves and we were one of the first to abolish it via the civil war. And the slaves we bought were from Blacks who enslaved others and sold them
firecatgreg 3 years ago
Actually, the US was one of the last nations to abolish slavery, and only one of two to do so violently. All other nations(aside from haiti) managed to give it up without hundreds of thousands of deaths.
sibir333 3 years ago
This comment has received too many negative votes show
White His-story always starts where it is conveintent to justify their barbarism. African people never had chattle slavery, they never de-humanized people. They and captives in war like all others, some of those captives even married into their captors families. Of course you would defend your version of his-story.
ngonea 3 years ago
We are all going to be held accountable, there are no INNOCENTS.
US has been a WAR ECONOMY FOR centuries, it stared off like that, stole the land from the Indigenous Peoples, then enslaved Africans to build theri stolen Nation.
You benefit like we all have benefitted from the injustices, educate yourself!
John Pilger is a great place to start, "The Best Democracy Money Can Buy and "The New Rulers Of The World" -"Stealing A Nation" google videos
ngonea 3 years ago
When the Founding Fathers created this Republic the bastards had SLAVES@!
who bt the way were the first commondities to be traded on WALL STREET -DIE WALL STREET!
ngonea 3 years ago
in the ass
evaristomaster 3 years ago
this guy is good!
titocolombia5388 3 years ago 6
This guy is very good. Jima Rogers and Marc Faber lookin good too.
Aristosek 3 years ago
Indeed.
UnconcernedCitizen 3 years ago
This comment has received too many negative votes show
One place with peter fails is hails being a creditor nation as some virtuous position to be in, no its not your just making the other countrys slaves to your debt if your a creditor which is the whole problem. So the reason America is now the debtor nation is an act of reaping what you sow. This is Karma.. you have also dropped plenty of bombs around the world its 100% that every bomb will have to be dropped back, Karma is as solid as the law of gravity I assure you.
Danster82 3 years ago
moron
ajnako12 3 years ago 2
From Ezra Pound to Eustace Mullins (Secrets of the Federal Reserve) to Peter Schiff...
a2b1 3 years ago 2
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Vote for a negro. Voet for Barack Hussein Obama, and nobody will get hurt.
Stan1208 3 years ago
Obama is Trilaterial Commission, Joe is chaiman of CFR, their job is to make sure the "third world" does not develope, so they can keep resources for the "white nations",ie
THE WESTERN NATIONS, they use NATO to enforce that policy, so the people of Africa, China, Indonesia +, spend all day looking for their daily bread literally. They live on a $ a day! The problem with you is you are a ignorant RACIST, which is why the US is sinking like the TITANTIC! via WHITE SUPREMACY philoshopy worldwide
ngonea 3 years ago
lol you think china wants anything to do with black people!?
parkfranz 3 years ago
China has currently the most investments in Africa, and the number is still growing. So yeah, they want to have something to do with black people. The color isn't important. It's about the development. Africa is rich is resources but poorly developed, if someone would invest in those strategic territories, the currently so called developed world would have to pay the Africans much more for many luxuries.
rafalgrub 3 years ago
My comment was directed towards parkfranz.
rafalgrub 3 years ago
yeah, like western "investment" in africa has done africa a lot of good in the past 200 years. china wants to exploit africa, just like europeans have been doing so for 200 years. the easiest way for foreigners to exploit africa is to use native african dictatorships to exploit the common african people. foreigners win, african dictatorships win, and african people lose. lo and behold, china is supportive of sudan, zimbabwe, and other kleptocracies.
parkfranz 3 years ago 2
Your schemes, WB & IMF of making self centered loans that were designed to benefit only the western nations that orignated the loans was never intended to do Africa any good. Now your Global Monetary Breakdown Crisis, you want to blame on other than your self. "As you sow, so shall you reap" The truth is the whole world is sick of "white" arrogance and Hubris. Your colonial days are ended forever! DIE WALL STREET DIE!
ngonea 3 years ago
I wish only white people were arogant. Unfortunetly this is not the case. You have to be totally stupid not to notice how arogant are most of political leaders in Africa. Of course great harm was done to Africa by white people but for last 50 years or so they were left on their own (mostly). This however didn't lead to substantial positive change. On the contrary most of the nations have much bigger problems.
abcdeuy 3 years ago 3
U.S has had 232 yrs to fuck up their country, yet you say Africa a whole continent after being raped by western nations for 500 yrs, millions of their ppl killed and enslaved which = depopulation, then the west spreads IMF & WB loans with strings attached and the WHO spreads AIDS, they should be up and running in 50 yrs? your not stupid, your dishonest.
ngonea 3 years ago
Ha, left alone for 50 years? Rhodesia anyone? I don't think you could discount the ravages of imperialism even if they were "left alone" in recent history. The diamond trade today takes more than it gives to Africa. Even if you don't want to buy into the blood diamond image in it's entirety it is certainly evident of great economic disparity, again due to defunct economic systems that without the aid of militant imperialism in the past would not exist in the present.
leeleehat 3 years ago
This comment has received too many negative votes show
the world wide philosophy is "black inferiority". Nobody likes black people, china and indonesia certainly don't. east asian cultures are racist against black people and view black people as little better than apes.
parkfranz 3 years ago
This comment has received too many negative votes show
You statement says more about your racist mentaly than it does about Black ppl. You stole everything you have, and soon The New Sun will cleanse your mutant kind off the planet. Do not project you "inferiorty" on Black ppl, because you have calified pineal glands, and a zero population growth, nature always reduces filth from the Earth thru natural selection.
ngonea 3 years ago
btw educate yourself, study the indonesian repression of the black people of iriyan jaya.
parkfranz 3 years ago
Peter is a brilliant man, thanks for putting this on ut!!!
dragonissimo 3 years ago 2
Only an idiot or pyramid scammer could disagree with what Peter has to say. So either you agree with Peter or which are you?
vicmac64 3 years ago 2
This comment has received too many negative votes show
My only problem with him is his last name. Schiff.. Jacob Schiff was one of the most treasonous bastards to step foot in America. He was a Rothchild agent here in America for the International Bankers.
scottthrees 3 years ago
Peters had a bit to drink im sure.
mrchekky 3 years ago
Yeahh! You have right! Small vodka shot before thepresentation? :)
SolitonPL 3 years ago
In 2006? That crowd was either in complete shock at his insane chutzpah...or ignoring him and checking their Blackberries for messages.
wrb1957 3 years ago 4
Funny, just like Ron Paul, Peter doesn't read his notes if any. It's because he knows the issues by heart.
Tasadaru 3 years ago 10
Thats because its such a strong message, a real message not some fanatical bull crap, its a message of logic, less spending, more founding principles.
14WaysToFightBack 3 years ago 9
Aye.
Tasadaru 3 years ago
This guy is a prophet and like other prophets he will be ignored by the mainstream.
However, once the dam breaks they will wake up. This video will be studied in schools of finance for the next 30 years as a case study in how stupid we were.
hrhbucket 3 years ago 13
Peter Schiff for president (of USA)
farhadcoyote 3 years ago 4