2/5/2009 Part 2/3 Peter Schiff On Countdown To The Closing Bell: Economic Armageddon?

[paulocbn]

that reporter is hot

[enolf]

she;s a freak,

[simontimon2]

looking to buy gold, but can't get it from the bank. Just type this number 140303370268 at ebay,com

[stevemcgee99]

God, those analysts were so funny! 2:15

Retailers 'up'?? HA HA! She even said - massive price discounts are pulling their revenues!

hollandway - are you joking? The dollar DID fall! It's fiat - not real - so if America can't PRODUCE anything of value to back it up, wealthy nations won't use it for reserve currency any more. !! Japan is a good example????

Solution: reduce federal gov't to enforcing private property rights - in the US. Dollar = Gold, 1:1 reserve ratio, no fed, no income tax

[aam165]

So, you basically should have said, "Read Peter Schiff's book." Way to regurgetate, gonna have to give you an L for that comment

[stevemcgee99]

I wouldn't recommend a book I haven't read. But I do suggest people read Hazlitt.

[zoomboost]

Zeitgeist Addendum is the real solution.

[Bestmountjoy]

Careful z-boost. ZAddendum removes property rights, [a socialist low c-denominator model similar to marxist-leninist China, discerned by Alex Jones around Nov. '08 ~ he interviewed the producer.]

Purely voluntary, unfettered, conscious human business incentive nature is the only sol'n to have ultimate hope in. All other talk of sol'n only leads to more of the same cloaked, status-quo; enforced, coerced, sound-good yet still unfree, involuntary, egalitarian, dead sacrifice.

freedom-force(dot)org

[hollandway]

The Dollar is not going to fall, banks have had e leveradge of 1 to 50 , and inflation has already been in the past from refinancing these mortgages all the time.

Now, banks will absorbe trillions of dollars if they can, because the leverages must come down to 1 : 10

Beware of Deflation Not Inflation

Obama is right bij investing in infrastructure, like these superfast Japanese trains

[ChipsShot]

Schiff was the only one to warn us about the free mortgages that destroyed our economy...he should have taken one more step and told us who was responsible and the whole thing would have been headlines long before it tanked.

* Clinton administration's "BANK AFFIRMATIVE ACTION"

* Confiscation by consent decree - DOJ extorts money from financial institutions

* The Real Scandal How Feds Invited The Mortgage Mess

* The Real Culprits In This Meltdown

* Plausible deniability?

[ChipsShot]

* House of Cards - Liberals Fueled Wall St. Woes

* Obama, Voter Fraud & Mortgage Meltdown

* Barney Frank Cried Racism And Look What Happened

* Planting Seeds of Disaster ACORN, Barack Obama, and the Dem party.

* Barack Obama's Involvement with ACORN Unearthed, Missing Article Recovered

* Shocking Video Unearthed Dem's In Their Own Words Covering Up The Fannie/Freddie

* Timeline Show Bush, McCain Warning Liberals of Financial Mess

* Burning Down The House: What Caused Our Economic Crisis?

[shaunzane]

The reporters on FOX business news make me cringe.

[Djmikke2007]

All Peter Schiff say is absolute true!!!

[dleddy1414]

Is she for real?

[dlmaniac]

Absolutely right, Soldiers. Obama is playing the same old Bush scare tactics with all this "act now" bullshit.

[anevilpettingzoo]

The website superimposed on the video is distracting and annoying.

[Ajntb2Sli]

I agree, these idiots laughing it up and not realizing what is at stake! Bring some real reporters on the air. Pretty soon, Obama is going to get his wish. Everyone will be in the same level. Call your senators and Representatives and tell them you do not support any more stimulus bills of any kind from any one!

[bnfox]

As usual , Shiff is surrounded by clueless idiots, Tv stars, and bimbos that have a lot of gall even attempting to participate, especially with such trite inanities.

[jcNOVA88]

Ron Paul for Freedom!!!!!!

F obama and the rest of those socialist bastards!!!!

[dleddy1414]

It ok to say fuck.

[jcNOVA88]

ok really? fuck u bitch

[dleddy1414]

See, not so hard. BTW I love Ron Paul too.

[n0us3rn4m3s4v41l4bl3]

Peter's investment strategy hinges on a grey swan event--the collapse of the u.s. dollar against other currencies (or maybe hyperinflation). And he thinks this will happen soon because the Asians will stop buying our debt. But I don't know if they won't continue to prop us up because their governments are corrupt and they want to prop up their friends (the people that export this crap to us).

[macrosutra]

END THE FED!!!

[motina10]

We need to start producing for ourselves, not working for these nasty corporations. Fuck corpocracy!

[eekdog2005]

Americans are still out buying cheap chinese crap, this is what the economy needs?

[EasyWolf31]

SPend you dumb mthfkers spend spend no one save!

[justingaylor]

"Economics in One Lesson" by Henry Hazlitt.

A must read for everyone who wants to understand economics.

[chaniwie]

she had a boob job..i am pretty sure she did.

[Praestantia111]

Yes, she should have bought gold!!! lol.

[gutrp]

shes hot..funny how she looks at him with an open mouth like a dumb blonde...lol

[smironov]

Hot chick actually

[stealthpakfa]

the rothschilds are behind everything!

[dlmaniac]

"He got the cart before the horse."

Good Ol' Peter eloquent & convincing as always.

[Argonaut22j]

BY the way when Fox News is debating "nationalization" this country is FUBAR.

[Argonaut22j]

The problem with this Peter Schiff guy is that he doesn't know how to get his point across in a soundbyte.

I hate dumbing down conversation, but there comes a point when a long winded person can benefit from some concision.

[brian12934]

I do love that reference to George Carlin!!!!!

[MooseOfReason]

I love that scared-shitless look on the host's face whenever Peter talks.

[nevous8]

I'm waiting for the day when he just slaps someone lol.

[MooseOfReason]

Oh it will be Stephen Leeb. I'll guarantee that. ;)

[kolakbanana]

leeb the dweeb!! I hate that guy. PS should have slapped him months ago

[1tubedout]

All these faux talking heads agreeing with Peter, 6 months ago they were mocking him. Peter has to put up with these you know whats to get his message across.

[b1muas22]

This girl is hard to listen to... what a dope.

[YazDawg]

she's hot.

[dehmrx7]

Heres the problem...Obama is listening to these economists that are telling him that no modern economy ever got out of a recession with out a stimulus by the gov't.

So he is trying to push this thing through!! I voted for the guy, but this package, if you read is kind of Hokie! I mean some of this stuff looks ridiculous! "Medicine tastes bad, but you have to take it to feel better!" we will get through this! NO MORE SPENDING!

[dlmaniac]

I have a feeling Obama is spending the money to pay back his voting base, JUST LIKE BUSH OR EVERY PAST PRESIDENT DID. No change, same old corruption again.

[leepakim]

gosh i should have voted for McCain/Palin 08....

[EasyWolf31]

gosh, your stupid

[Demian164]

HAHA!!!! i LOVE catching people on this.

"your stupid"

its YOU'RE stupid, stupid! talk about irony.

[dlmaniac]

McCain voted yes for bailout, which makes him as clueless as Obama. See how screwed up this nation is? Neither president candidate knew anything about economy while we needed someone with real expertise the most. Ouch!!!

[Budvb]

That is because most of those with power and money in America have no Clue so then the Voters have no Clue either. I think 2011 will be the year Bond Markets and Dollar really begin to Fail! 2013 should be the Year of a New World Economic System! I am Hoping we get to a Solid form of Money that can't be Printed or made Electronically.. I am hoping Gold/Silver Currencies, and alot less Crooked Banks siphoning our Wealth for there own pockets and Lies!

[timetofly5]

U think anyone allowed to sever or have power wail they sever in this government are corrupt and not looking out for the people as they were elected to do !

it amazes me. how we try not to pay for our mistakes like spoiled children we protect our bad choices! to our end! we need to put a side our differences and come together focus on one common goal or we all lose

[Ajntb2Sli]

A lot of people voted for Obama thinking that he was the messiah that was going to make everything right. Reality check has come and you should of seen this coming. Everyone that didn't buy into his brainwashing new this was coming. The man is a Marxist.

[madcubano1]

Guys, stop fighting the bailouts and stimulus. I've given up and decided to advocate them. I'm now recommending a $3-$5 trillion stimulus package. I figure this will spare us the agony of a long drawn out hyperinflationary depression. Lets shoot this dog (US dollar) and get on with rebuilding America.

[vociti]

I second that! I'm trying to start a business and the worst part about all of this is wondering what's going to happen and when. It's depressing and it really wears on you. Personally, no one has given me a good argument on how it's mathematically possible to even recover from such debt and corruption. Let's just get through this, not panic, say good bye to the US dollar, and start fresh so we can have another 70 years to mess it all up again. I'm tired of the fighting and opinions.

[b1muas22]

I'd open up a business in Singapore.

[RobTzu]

Inflation is a rise in the general price level. It can be caused by many things. Inflating the money supply is just one of things that causes it, though it has been the major one since the Fed started. Let us not be fooled into thinking usual = always, because it is not the same thing. All that money the fed has printed up is lying in bank vaults as excess reserves right now.... and excess reserves is not money. The USA is in a liquidity trap now, and we could be 90s Japan all over again.

[rangeyer]

Totally hot woman.....

[jimjaas]

Peter, stop using the word 'unfortunately' !

It makes me sick to my stomach!

[labartic]

unfortunately it is an unfortunate situation jimjaas :)

[martyR13]

wow, americans are shopping at macy's, that's so reassuring

...fucking bizarro world

[eurohim]

Schiff is always great, but something the host said, "Will the taxpayers be proud owners of banks" is such a mislead. The tax payers don't own crap, they just pay the bill.

[yogibear4091]

i don't know how Peter keeps his calm, around these imbeciles. "In The Soviet Union they all had jobs".

I love it!!

[JackNeedles]

Yeah, they had jobs....for Stalin.

[chingon711]

i read otherwise on an article. it states that we are selling more treasury bonds domestically to fund the series of stimulus packages. it also states the amount of money printed is insignificant and wont have any effect on inflation.

[GDFLS]

You have no idea what the definition of inflation is, do you?

[chingon711]

please enlighten me?

[GDFLS]

Inflation isnt the rising cost of items. It is the increase of the money supply. So you see, they very printing of money is in fact inflation.

Also, how sad is it that we live in a world when an extra few TRILLION dollars is an insignificant amount!?

[chingon711]

i agree with you 100%, in fact i'm against the bailouts as well. i wish i had saved the link to the article to give you for your reference, but it stated that we are printing much, much less in new money(not in the trillions). is there a way to verify the increase of money supply?

[user197a]

shadowstats

[nemnaisa]

Wrong. In practical sense, inflation is the increase of money supply and most importantly CREDIT. The world no longer buys things with money. Major deals and projects are financed with credit expansion. Now we have a much greater contraction in credit in comparison with the increase in money supply by the Fed. Hence, it is already deflation, not inflation as PS suggests. That is why he and the inflationists lost money because they don't have a practical definition of inflation.

[TheChinaExpat]

credit is part of the money supply.

At least part of M3 (oh yeah, they stopped publishing those figures several years ago)

[formulaprimer]

Something else to say? He needs to keep saying it until people start to listen on mass. Never stop talking the truth!!!

[mreisma]

so planned..u guys see how journalists say how home builders retailers are doing so well today, shoving that in peters face. get the fuck outta here, why dont you look at their 1 year chart instead of 1 day chart.

[oishiiloops]

because if they did then they wouldnt have leverage to condition the american people into believing what Fox tells them to.

[bajawind]

peter needs to find a second thing to say. i like him but...

[enjerth]

He needs to keep saying the same thing until people start taking him seriously.

[MisterRothstein]

I wonder if Peter will be right again!

[mreisma]

oh course he will be

[AngriestAmerican]

I don't know, but right now the media is attacking him like army ants on a grasshopper!!!

[MooseOfReason]

I'm not a bug expert; how well do army ants and grasshoppers get along?

[AngriestAmerican]

Dude,,there was a movie where army ants even ate a moose!!

But, army ants on the march, tear up!! Look at some videos here on you tube!