10/23/2008 - Peter Schiff On Squawk Box: Navigating A Slowing Economy

[tmac9938]

i would fuck Erin's mouth so hard. make her choke. then when she swallows my cum she might suddenly have an injection of real economic knowledge. and she will like it.

[healthhavencom]

that chic is really cute even if she is really dumb

[scottvanska]

Is that Erin Bernett?

[olamapsa]

Where to invest? watch?v=XfSPJdo6-yo

[olamapsa]

Where to invest? watch?v=FRdLcqhpoQ8

[jobrien2001]

Santelli and his pride... US assets are worthless. We con those bankers into thinking the assets where good and the game would last forever. Greed got the best of them and now they are going under.

[billvancouver72]

2 words - BUY GOLD!!!

[boots920]

Try to buy some, look how hard it is to buy.

[olamapsa]

watch?v=XfSPJdo6-yo&NR

[rollsthepaul]

The US has destroyed it's reputation in financial markets, worldwide. It is like finding out that a neighbor has been fucking the local children. Will you ever trust this person again? Reputations are hard won and even harder to heal, once decimated. In other words, the US is no longer the world leader, but rather, has become the problem. Americans have a sense of entitlement that they no longer deserve. Living on borrowed money, the US has created/implemented self chastisement and demise.

[Musicians4Obama]

Historically, a close election means a disaster for the country. Please evaluate the Musicians4Obama message carefuly, and if it echoes the anger in your heart, help spread the word!

[kauboibiboppu]

what is that song they play when he says "yep, Peter schiff" ??? whats it from ??

[truthouch]

Gold stands in the way of this insidious process. If one grasps this one has no difficulty in understanding the statists antagonism toward the gold standard. GREENSPAN 1966

[jokertim777]

Like an alarm doesn't stop the robbery, a gold standard can't stop bad monetary policy, it just provides evidence of a crime. Without the telltale gold run as a consequence, the Federal Reserve has been quietly stealing for decades.

Now Congress has (over strenuous pubic objection) given the executive branch the power to directly control all credit in the economy. A state run economy is what we now have. I hope those traitors choke on it. End the Fed, Restore the Constitution.

[truthouch]

These people should just shut up and listen to Peter.

[jfcrow1]

CNBC suuuks. Although I have been watching lately to see them squirm.

[olamapsa]

watch?v=-xP_aIvp56A

[Fighting89Back]

"all those greenspan chickens are coming home to roost"

[nikto2000]

Omg the woman reporter is either a shill for those raping the middle class or she is just a dumb bitch.

[michaeld5]

Both. CNBC whore.

[nikto2000]

The price of gold is artificially low and the ones in the know are gobbling it up on the cheap. When the dollar tanks(and it will) the people getting it now will make a fortune.

[AngriestAmerican]

Nik, wait till Nov 20 when the comex contracts will default. Could this be the crisis that the new President will face?

Gold will move to 2500/oz!

There are some good Vids here, search COMEX Default!

Have a good day and good luck!!

[johninves]

I never heard of this guy Peter Schiff as of 3 months ago but have in that time watched many videos and read about this guy and I have to admit (and please do your own research) I think he is on the right track and knows and speaks the truth.

He gets attacked on some of these shows yet he is usually correct when you look back at this predictions.

Peter believes that the Dollar will fall and precious metals will go up.

See you in 6 months to see if he is correct or wrong.

[Ibilaemash]

Hi every one.

I think Peter has been correct until now.

Also I think that everything should play out the way he is saying. It will be these way with any other currency or country but it is not happening with the US

How dou you explain that the rest of the world is doing anything in their power to save the USD to the extend of crushing their economies, their people, their savings and puting cheap every single comodity, stock or property for anyone with dollars to buy?

[EMPIRE0FLIES]

Ah the comex is biting the big one. Everyone demand delivery of your gold if you can!!!

[BlueEagle8]

Thanks Phil for posting the vids.

[playaz33]

Just because he's agreeing with Peter, I'm going to have to check this Santelli guy out. I trust Peter Schiff.

[nawonl]

Peter is a smart guy, he was right about this current crisis. But I disagree with him to let free markets dictate where we go from here. By the way: he must be losing a lot of money with gold, his foreign currencies and asian equities.

[rayyf69]

If he is, as you claim, right about this current then your asserting that his premise that government is the problem and created all this malinvestment. This begs the question: If you agree with teh premise that government intervention in markets is bad, and yet simultaneously hold to the assertion that free markets cannot restore the problem then what is the alternative? I see this reasoning as paradoxical.

[Kblues80]

Someone from CNBC Agreeing on some points made by Peter Schiff?? (Santelli)

As we know, Peter is a true patriot and tells it like it is. These Quacks on CNBC drive me nuts.....They Rumble off useless jargon words so that they seem smart...This mark guy is just a complete shambles...this is not professionalism.

thanks Phil for posting so fast, great work.

[itillbeme]

Thanks Phil. Check out his website, top notch.

[Troneous]

Thanks for loading the video so quick! We all appreciate it.

[user197a]

Aghhh, I can't stand French bankers!!! I call them Freedom Bankers instead.

[FongoBongo]

Lol the commentator had a total mental relapse in the middle of the broadcast.

But back to the topic. The dollar will collapse and the current rallying behind the greenback is just a simple adjustment. Once the Euro and other foreign currencies realign the dollar will lose its purchasing power.

[uhaegde]

Helllooooo Amerooooo.

[Budvb]

More like Hello New World Currency!

[uhaegde]

wow! well they are almost there.

[bluenote71]

Shoot Greenspan!

[VIRUSx17]

Next yr the Govt DEFAULTS ON ITS DEBT...were toast

[kahunabear]

Is Mark Haines drunk?

[itillbeme]

No MH is never drunk. He eats a nice lunch.

[Epic878787]

Thanks again for posting and thanks especially for uploading it the same day it aired.

[seks03]

Awesome vid, thanks for posting it Phil

[Paetaor]

Banks are hoarding gold so that people don't waste their money on something real. They want the money in T-bills and other useless paper 'assets'.

[EMPIRE0FLIES]

in my humble opinion, Gold is down because all the world bankers got together with Bernanke and agreed to fill helicopters and drop funny munny which is propping up the dollar temporarily. This is why Oil is down and gold is down. Oil and Gold are indirectly purportional to the dollar. The dollar will fall...

[AngriestAmerican]

Empire,,check ebay,,gold is there at 1000 and Oz,AND SELLING!!!

I paid $16 and Oz for some silver, and didnt bat an eye at paying!

What you see in gold and silver is comex paper. Search You tube for comex default...

[Nickelodeon2002]

The "smart" long term investment has now become gold and other minimally elastic commodities because the dollar and all other global fiat currencies are going into the toilet via inflation created by global central banks. Profits in most companies won't be able to match hyperinflation that will hit in the next 3 years in those companies that survive. It's funny how stock pushers preach "long term thinking" when it comes to their stocks yet they jump on a 30% drop over a 10 month period...lol

[Paetaor]

Rick is generally right and has the guts to speak his mind.

If you can find an Eagle, Maple Leaf, Phil Harmonic etc for $700 an ounce take it. The premiums are $100s of dollars.

You can't create wealth with a printing press.

Weird to see two people that know what they are talking about on the same show.

[danmanjones]

yeah that is wierd

[JonasAbrahamLind]

I'm still waiting for Peter to show up on Fox soon:)

[lives2live]

Gold is not down. People who think gold is down have no idea what gold is selling for on the open market. An american gold eagle is still selling for $950-$1000 bucks all day long on ebay.

The only thing that is down is PAPER gold. Gold stocks if you will. People are getting out of them because they dont trust them and are going to the real metal

Go to your local gold and silver trader and ask them if they have any gold. They wont. Though if they do please let me know so I can buy it lol.

[davincij15]

If poeple do not pick up gold under 1000 they will be saying.

If "if's" and "but's" were cherry and nuts then we would all have a merry Christmas.

[rangeyer]

I really like Santelli....He tells the truth most of the time. I'm sure senior mgmt at CNBC were upset he was telling the truth......that isn't allowed on CNBC. Only propaganda is allowed.

[stealthpakfa]

lol yea, CNBC is all about spewing venom! it could actually go as low as fox busines network!

[stshell]

yea im with ya on santelli - he is one of the good guys out there and it was a treat to see him and schiff on at the same time.

[mrzack888]

it will be a NEW World Currency. a NEW WURLD ORDER. DEATH of freedom. Bankers Rule. Kill the Bankers.

[rayyf69]

Won't people lose faith in fiat currency after this? Won't they want their currency backed by something real that cannot be manipulated by the actions of bankers or politicians ?

[Boomer1949]

Yes the major player will and do. Russia and other countries are talking about a gold backed currency. Who has the majority of the gold in the world...India. In America you can't find bullion or coin to purchase, (supply) and everyone wants it (demand high), so why is the price so low? Some one very big is screwing with metals.

[SalvadorVeiga]

you're right. If you go watch the report on the COMEX, you'll see there are 2 American Banks that are SHORT on 27% of the whole GOLD and SILVER market. I doubt that these short positions are even backed by real metals... I think a huge boom is to happen just cuz of this... the physical market you can't find gold anywhere. The gold you can find from dealers is with a 20% premium, and a waiting list of 2 months...

[dallyhorse]

Gold can be manipulated by bankers and their politicians. It was "pegged" at $35/oz for a long long time. It can also be subject to a price cartel and hoarded. A truly floating currency can only really be pegged by market sentiment and economic health via monetary policy.

[rayyf69]

This may be the shortcomming that Ben Bernake wrote about in one of his books on the subject. It may be sound that gold is problematic. But if you ask me fiat currency is a disastor. Though gold might have shortcommings there is the added possibility of competing currencies that are private. I personally like that idea. Walmart bucks, starbuksbuks. Sounds better then the federal reserve note to me.

[fuzzywzhe]

> I personally like that idea. Walmart bucks,

> starbuksbuks. Sounds better then the federal

> reserve note to me.

We already have starbukbuks and walmart bucks - they are called gift cards.

It's illegal in the US to use gold as a currency. That's the problem.

[rayyf69]

yes but are gift cards very fungible ? If a few chains got together and created a currency that might be something to invest a about 10 k in to hedge against fed reserve note implosion?

[kalatuppi]

Peter got it right ! unfortunately...