@deadbutmoving exactly right. In addition signs of more confidence being lost in the US economy as China have already in a bilateral trade agreement with Russia abandoned the US dollar as a medium of exchange to thier own currencies. The Russian ruble now trades on the chinese interbank Market, which is a major threat to the dollar, where again pete is right, the dollar is likely lose a Lot of it's value with all the QE that the fed have done and planning to do
China Owns The American government. They will not allow the US Government to crash the US Economy until they have exchanged a significant holding of their dollars into gold, silver, and other precious commodities, which is what they are trying to do right now.
Once this happens, The American government will use QE3 and QE4 to destroy what is left of the American Economy.
These guys know perfectly well that pete is right -they are not stupid. they are trying to portray things to the public in a way that leads investors to invest in the things these guys are doubtlessly being paid to argue in favour of. Stock brokers don't get any comission from us when we buy physical silver, so do you really think they're going to tell people that conditions are right to buy physical silver -even if it is the right thing to do? I can guess where their money is right now.
Has anyone actually tried watching CNBC normally on the T.V? It's absolute nonsense, I'm amazed they're still running after all this garbage. Peter Schiff is the only one that makes sense amongst them.
Yes, here's Fast Money morons for you. They call a horrible tuesday and we get a rally. And you call Schiff the moron? Fast Money is a pack of whores.
The Chinese aren't going to want to lend to the US in dollars with threat of devaluation of the dollar to the yuan, neither will they buy treasuries. Appreciation is surely the free market's way of saying that debt and consumption are unsustainable, artifically favourable asset values and exchange rates are temporary
Oh Peter.. You never learn my friend. I like you, but you don't learn. The US dollar will not collapse. The dollar will appreciate against the Euro. All currencies stink, the US dollar stinks less.
It's hilarious how people believe in lying. I mean really think if they believe it, it's true, like nothing makes sense, so you just make up whatever makes you feel better. I like Peter Schiff because his truth is sobering. It makes liars feel worse.
I like how that one dude insists that increased US investment MUST turn into increased treasury purchases. Like they have no other alternative but to buy treasuries. Ridiculous.
ROFLMAO! "No I think the market has it wrong!" Even Schiff looks like he's about to say, "Are you a fucking idiot? WTF r u talking about??" Classic Fast Money kookery.
@bizwiz21 Because, quite frankly, that's their job. This is what they do. They try to bring people with integrity on the air and break them down. It doesn't work, but they think it does, so they continue to do it. Just remember, idiots like those on fast money believe their own bullshit.
no they bring morons like schiff on the air so that viewers can deride him and have a chuckle at his inane theories and predictions. like when you bring on a clown when you need the audience to laugh. it works.
@TheRedCapitalist It's interesting that you dismiss anything that Schiff and other Austrians have predicted accurately yet you subscribe to their channels and bash them using an account that is only 2 days old. You are obviously a clown yourself if you think anyone will take you seriously as Schiff's record speaks for itself and yes I have read his book. Who are you working for?
no wonder you are a stupid limey - when presented with a logical argument, the best you can do is to ask who i work for? well, shove it moron, its none of your f***** beeswax who i work for - in any event, i'm sure i'm taken more seriously and my views regarded as more relevant by mainstream society and the business community than a clown like you ok. when your white papers are published in highly regarded business journals, then come back and talk. asshat.
@TheRedCapitalist Well personally I could not give a crap what anyone thinks about my views because I don't claim to be an economist and just adopted them after I looked into why the collapse happened. In case you didn't notice, mainstream economists got it wrong while Austrians like Schiff gave us a play by play of the coming collapse backed up with reasons why it was going to happen. For you to sit there and claim Schiff was wrong is laughable. Conjecture is a guess, he wasn't guessing.
@TheRedCapitalist The whole system you have learned is farse. You think being put on a pedestal by mainstream society is an achievement? Well maybe for your own end, but it's the mainstream society and the governments' willingness to please them that led to this problem. You don't have a logical arguement, so less of that shite. I bet you think you're brilliant being able to use complex maths to project models of inflation for the future. What a cock.
are you trying to say a "farce" or "false". and its "argument".
you can't even spell properly and you come and post this frogshit reply? go finish your education you moron and come back and post when you don't need a footstool to reach the keyboard.
@TheRedCapitalist You can easily understand what I have to say from that, and you pick faults like typos instead of addressing the argUment put forward. Typical fucking Keynesian spacker. You want to pick petty faults but you can't even capitalise your sentences. Away back to your Fiat playset you stupid cunt.
haha, stupid peasant. you think you are writing a paper or something (not that you can even spell properly)? this is the internet - so are you asserting that internet short-hand, leet, acronyms, netspeak or chatspeak are wrong? fuckwit.
unless they said something before, i'm a little surprised that none of them at least congratulated Peter for getting on the ballot in CT...well, maybe i'm not THAT surprised.
@APRtunedAudi Agreed although at this time, most Americans are broke or in debt. Thats the problem. American Banksters on the other hand are stocking up on Gold bullion and other commodities before the fall. You just dont hear that on Mainstream Media.
lol its amazing how since 08, peter has been on this show saying china will allow their currency to appreciate, and evvveryone on this show thought he was full of shit.
Now that it has actually happened, they stillllll dont agree with him about anything.
How many times does a man have to be right until people start listening?
The Guest was not wrong... they're discussing 2 different things. The Guest is saying, if the Chinese economy is prosperous, then outsiders will invest in the Chinese economy, so China will receive foreign currencies, including Dollars, which will keep those currencies afloat. Peter Schiff is saying that China is spending all of it's cash on productivity / materials, so they will not buy foreign bonds, thereby depressing other economies. Peter missed the Guest's point and talked past him.
@Ranger4564 I think you missed it. If they are able to domestically consume then we are screwed... just because a few rich guys in the US invest in china doesn't mean our country will benifit as a whole. 2 billion vs 330 million they can POSSIBLY have a larger market.... the only place China can misstep is energy or food... if they make a mistake with either their economy is doomed...
@CodeWarriorx0539 No... I understood all of that... the question in my mind was whether we could ever reverse the relationship... we lend China money and they use our investments to initiate a consumption binge... they go into debt to us, we benefit from interest. But forget my currency post from yesterday... I don't see that scenario as very likely... and in fact, I don't see the above scenario as very likely either. I've been saying for a long time China will reach actualization soon.
@Ranger4564 I think Peter got the guys point, but didn't think it was a valid enough argument to be taken seriously. The guy is assuming that influx of money HAS to be turned into treasuries to be liquidated, which it doesn't. China could easily use it's US dollars or other foreign currencies to purchase global assets like investing in Canadian oil sands for example (which they just did) and that is not going to help the US debt problem.
@jibbi4one Sure it will. As the USD has been devalued, it just meant they used more of them to do the deal. That money has been spent or will soon be spent on mining oil sand so the devaluation is a minor issue. It's a big problem if you are holding the dollar long term (30yr treasuries for example) or the devaluation is so rapid, it can't be compensated for in exchange rates. ie hyper inflation.
@theslimeylimey BEsides the USD devaluation as currency absent gold, the industry is slime (dirty) pollution driven for both. Not to mention for Canada it's single resource dependant creating political slime. I suggest cleaner nuclear power to balance energy policy for both China-Canada. NEW NUCLEAR IS CLEANER SMARTER POWER.
maybe you should just quit with your feeble attempts at economic analysis. being a peter schiff playback recorder will do you little good in the real world.
@TheRedCapitalist Please enlighten me OB1 who should we be listening too then - in the "real world"?. Actually I have turned into an Austrian playback recorder. I like Peter Schiff because he presents his ideas well but its the Austrian fundamentals that I believe are a much better explanation of the way the economy has functioned and will function.
for economics - no one school of thought is completely correct. however, the basis of economic analysis is data and analysis thereof. show me any peter schiff analysis that contains hard data and hard facts. go to the europac website, or read his book. that is not economic analysis, its pure conjecture.
for financial advice - peter schiff has never produced good returns for his investors nor himself. his track record is awful both on an absolute and comparative basis.
@theslimeylimey You are right about that... I thought of that also... even if foreigners invest in China, China could turn around and spend that same currency on foreign acquisitions, thereby gaining in the transaction, but not losing anything since they get rid of the currency. For ex, China buys a lot of natural resources (ore, coal, etc). Perhaps Peter was just skipping this point since it's relatively self evident.
Time will tell. I have spent to much time learning about our history... At the same time watching the future unfold. I'm discusted by the world and just want to live long enough to see how it turns out. Sadly history is vast and we will be a meer footnote.
Short of setting up a Forex account to trade currency pairs, what ETFs (or other instruments) can a person use to bet on the rising value of the yuan? I'm ideally looking for something that holds the currency rather than futures and which has a very, very low expense ratio. Any suggestions?
The Chinese Economy has collapsed worse than the American Economy. No one should invest in China...The Chinese people are brutally persecuted, the products are poisonous and the Political, and Social systems in China have collapsed. A good publication to consider reading... "The Nine Commentaries on Communist Party".
Can I just point something out here to the people insulting people who dropped out of school like it's some kind of worthwhile and accurate stereotype?
They don't teach what Peter Schiff is talking about in schools, the majority of the economists who are against him went to high ranking universities or schools to learn economics there.
As the shows name indicate, they are after fast money. They don´t like people who are long time investors and want slow steady but sustainable growth.
The fast money people like bubbles and hope to jump wagon at the right time.
So they are crocks and gamblers. Mr. Schiff is not a gambler.
The sad thing is that Peter Schiff has thrown his hat with the tea party wackos that are part of the climate change deniers club that like cheap oil. Go to the gulf and get some. wkr from germany
@pcuimac Peter Shiff is correct and so are those in the Tea Party who want crony politicians to STOP borrowing and spending the USA into the same debt-abyss of socialist redistribution and empire spending that swallowed the Sovied Union.
@pcuimac Both groups, those who believe in individual liberty and those who believe in statist collectivism are diverse. The cold war is NOT over. The Global Cold War is going on right now between the Green Statist Social-Fascist Crony Corporatists and those damn Libertarians who just want to be left alone.
@EMPIRE0FLIES You are wrong, they are buying gold etc. because they have some bucks and want to spend it before dollar will be worth nothing. China has no reason to spend jigs on resources, USA and Europe are buying resources because their currencies will colapse if they don't change their politics.
@gargamel11 mmm actually yes you are correct. "the jig is up" is just a phrase. Meaning the dollar ponzi is soon to collapse. Everyone will soon try to get rid of their dollars and are doing so now.
This will not help china if there own people start a revolution and don't want to live as slave worker anymore. China will themself up long before US and Europe is going to hell.
pete thinks long term... these ppl can only think to the next qaurter or end of the week. , although joe T. seems to listen reluctantly but earnestly. If this was good then why the turn around at days end. How many of these ppl on Fast money are former Goldman ppl. isnt the older italian guy a former Goldman employee?
Good luck in your Senate campaign Mr. Schiff. We need you in Washington, to educate those lapdogs of the banksters. Ron Paul and Peter Schiff in the White House in 2012!
I have read a lot of the comments. It appears most people watching this are on the same sheet of music. Well done Peter Schiff. It is so good to see most veiwers are aware of the currupt system now.
Your right, these students are lecturing to the teacher (Peter Schiff) Its so funny that Peter has been so right all these years, yet they the studends still lecture him. Insanity is rife amongst the so call experts.
The higher Yuan will help the US's exports but that will be insignificant to GDP. The Chinese people will now have more purchasing power to not only buy more gold but goods as well. Do you know what this spells? Massive price incease as everything, includind gold, will go through the roof as there will more money chasing fewer goods.
Schiff takes these losers to school... again. No one wants to here reality and Schiff tells it like it is and sees where this country is really going. If our politicians don't wake up and stop the internal battles our children will be left with nothing.
Explain why he is wrong and avoid poking fun at how people follow him closely.
He predicted this entire collapse while everyone was riding the fake money wave. So please, save all of us from the mindless poking of fun and explain WHY Peter Schiff is wrong or has been wrong in the past...I'll be waiting....
I never said he was wrong. In fact I believe his view is right in the long term.
All I'm saying is that the other people have valid points. Economics isn't a science, what may happen is more capital flows in as the gentlemen suggested but it doesn't mean Peter is wrong. You find people who follow Schiff and just out of nowhere assume that everyone he talks to is an imbecile that's not worth listening to. That's just not the case.
@john5246 -not divine knowledge you tool - just some refreshing and irrefutable intelligence. Figures you would root for the clueless.How does Glenn Beck work for ya?
I actually like Glen Beck's show, he talks about freedom, the constitution, liberty among other things.
Although I agree with Schiff's views in the long term it bothers me that everyone simply dismisses the comments from others in any video Peter is in. These people are not idiots, in fact many of those people on Fast Money are very well educated and make money day in and day out in their trading operations.
I admire that they make money day in and day out in their trading operations while Peter Parade's around from studio to studio doing interviews about how the dollar is doomed. I DO agree with Peter in the long term, he is my inspiration for going back and studying economics (and austrian econ). All I'm saying is we should not dismiss other people's points of view so easily and agree with Peter without question,The bimbo is nice she could give great sucki sucki so don't make fun of her
is it ever a surprise that every time Schiff is on these shows it's always three to five stooges all jumping on Peter - a sure sign that Schiff is spot on right about everything.
Everything Peter said in previous shows about gold and the dollar has been coming true yet these boneheads still don't get it. They think paper with pretty green writing and pictures will save us. What a joke.
@cousinmccain look.... all they are lacking is the pom poms and cheerleading skirts....maybe they should take some of that shill money and buy some gold with it.
I cant stand that first trader with the blue shirt and blue tie 0:45. He's a little geek thats always wrong. He has no real world experience. He gets a paycheck to pump and pump. Mellisa lee gained like 90 pounds. She looks like a jelly donut.
Its a waste of time for Peter Schiff. He should better concentrate on his business and save smart peoples purchasing power. I mean he talks about whats coming since years and so many people still doubt. Peter do not waste your time with the dumb folks out there.
Peter Schiff again showing that he's one of the minority who actually has a clue.
This is why the US economy is SCREWED sadly. They pull 4 or 5 well placed idiots to give THEIR view in closing (thus the one you remember) and attack Peter openly.
Peter Schiff UNDERSTANDS the economy and KNOWS why it's going to crash.
Peter, if these idiots don't put you in the senate, do yourself a favour and leave the country. They simply don't deserve to have you there.
@hyperGlobalist oh please. you wish you where a globalist. what you fail to realize is that you're mere sheep and most likely don't know jack about basic economics..
haha, another person who thinks he knows about basic economics because he listens to peter schiff. sorry but schiff is not even an economist and you are just one hell of a moron.
@hyperGlobalist ah come on guy, why are you hating on me? tell me, so what economic advise do you offer to the world? i took a sneek peek into your channel and all i see are postings of you demeaning peoples comments on videos like this. tell me, is that how your parents envisioned your future to be like?
Peter Schiff was Right part 2 coming up, this time its inflation and the dollar demise. So many good vids have come out recently which would be awesome to use.
@deadbutmoving exactly right. In addition signs of more confidence being lost in the US economy as China have already in a bilateral trade agreement with Russia abandoned the US dollar as a medium of exchange to thier own currencies. The Russian ruble now trades on the chinese interbank Market, which is a major threat to the dollar, where again pete is right, the dollar is likely lose a Lot of it's value with all the QE that the fed have done and planning to do
drugman789 10 months ago
China Owns The American government. They will not allow the US Government to crash the US Economy until they have exchanged a significant holding of their dollars into gold, silver, and other precious commodities, which is what they are trying to do right now.
Once this happens, The American government will use QE3 and QE4 to destroy what is left of the American Economy.
END THE FED to save America!
deadbutmoving 11 months ago
These guys know perfectly well that pete is right -they are not stupid. they are trying to portray things to the public in a way that leads investors to invest in the things these guys are doubtlessly being paid to argue in favour of. Stock brokers don't get any comission from us when we buy physical silver, so do you really think they're going to tell people that conditions are right to buy physical silver -even if it is the right thing to do? I can guess where their money is right now.
NAP0LE0NDYNAM1TE 1 year ago
USA bombed CHINESE embassy in Belgrade Serbia 1999 which is Chinese land in Serbia.
I know Chinese remmember this.
aviomaster 1 year ago
Havn't these CNBC minions learned yet Peter will own them? pipe down moron and let the Schiff speak.
GMHGTO 1 year ago
those dumb asses are wrong every single time, and they act like they are always right>?
TheBlitz1 1 year ago
That Brain Kelly sucks.. he got everything wrong..
faviershoo 1 year ago
Has anyone actually tried watching CNBC normally on the T.V? It's absolute nonsense, I'm amazed they're still running after all this garbage. Peter Schiff is the only one that makes sense amongst them.
Lethn 1 year ago
USA is the new evil empire of this world ....
USA rot in HElll No one is going to fight with you ... YOU represent EVIL
aviomaster 1 year ago
Yes, here's Fast Money morons for you. They call a horrible tuesday and we get a rally. And you call Schiff the moron? Fast Money is a pack of whores.
TheTopBloke 1 year ago
The Chinese aren't going to want to lend to the US in dollars with threat of devaluation of the dollar to the yuan, neither will they buy treasuries. Appreciation is surely the free market's way of saying that debt and consumption are unsustainable, artifically favourable asset values and exchange rates are temporary
zahablog 1 year ago
peter schiff for president
bobby4500 1 year ago
Why not unplug everyones freakin mic and let Peter Speak, he is the only one who makes sense and knows what he is talking about.
drumsmetalheavy 1 year ago
Peter Schiff right yet again - and that news chick is hot!
doctorjn 1 year ago
who the hell started playin the music before he stopped talking, what a-holes
aznsnipa 1 year ago
Oh Peter.. You never learn my friend. I like you, but you don't learn. The US dollar will not collapse. The dollar will appreciate against the Euro. All currencies stink, the US dollar stinks less.
dannydarias1 1 year ago
It's hilarious how people believe in lying. I mean really think if they believe it, it's true, like nothing makes sense, so you just make up whatever makes you feel better. I like Peter Schiff because his truth is sobering. It makes liars feel worse.
MotesTV 1 year ago
Profits and Loss is a 100% free publication offering financial markets analysis and forecasting for free,
profitsandloss (dot) com
suhaibonline 1 year ago
I'm gonna max out my credit cards and spend all the money until I get rich, just like the USG
dougcapehart 1 year ago
why does peter schiff waste his time with these douches!
hmj8786 1 year ago
I like how that one dude insists that increased US investment MUST turn into increased treasury purchases. Like they have no other alternative but to buy treasuries. Ridiculous.
svenp 1 year ago
ROFLMAO! "No I think the market has it wrong!" Even Schiff looks like he's about to say, "Are you a fucking idiot? WTF r u talking about??" Classic Fast Money kookery.
TheTopBloke 1 year ago
Why do these dopes insist on interrupting Peter?
bizwiz21 1 year ago
@bizwiz21 because they can't stand the truth
sabrinacle 1 year ago
@bizwiz21 Because, quite frankly, that's their job. This is what they do. They try to bring people with integrity on the air and break them down. It doesn't work, but they think it does, so they continue to do it. Just remember, idiots like those on fast money believe their own bullshit.
TheTopBloke 1 year ago
@TheTopBloke
no they bring morons like schiff on the air so that viewers can deride him and have a chuckle at his inane theories and predictions. like when you bring on a clown when you need the audience to laugh. it works.
TheRedCapitalist 1 year ago
@TheRedCapitalist It's interesting that you dismiss anything that Schiff and other Austrians have predicted accurately yet you subscribe to their channels and bash them using an account that is only 2 days old. You are obviously a clown yourself if you think anyone will take you seriously as Schiff's record speaks for itself and yes I have read his book. Who are you working for?
theslimeylimey 1 year ago
@theslimeylimey
no wonder you are a stupid limey - when presented with a logical argument, the best you can do is to ask who i work for? well, shove it moron, its none of your f***** beeswax who i work for - in any event, i'm sure i'm taken more seriously and my views regarded as more relevant by mainstream society and the business community than a clown like you ok. when your white papers are published in highly regarded business journals, then come back and talk. asshat.
TheRedCapitalist 1 year ago
@TheRedCapitalist Well personally I could not give a crap what anyone thinks about my views because I don't claim to be an economist and just adopted them after I looked into why the collapse happened. In case you didn't notice, mainstream economists got it wrong while Austrians like Schiff gave us a play by play of the coming collapse backed up with reasons why it was going to happen. For you to sit there and claim Schiff was wrong is laughable. Conjecture is a guess, he wasn't guessing.
theslimeylimey 1 year ago
@TheRedCapitalist The whole system you have learned is farse. You think being put on a pedestal by mainstream society is an achievement? Well maybe for your own end, but it's the mainstream society and the governments' willingness to please them that led to this problem. You don't have a logical arguement, so less of that shite. I bet you think you're brilliant being able to use complex maths to project models of inflation for the future. What a cock.
ralliart2000 1 year ago
@ralliart2000
are you trying to say a "farce" or "false". and its "argument".
you can't even spell properly and you come and post this frogshit reply? go finish your education you moron and come back and post when you don't need a footstool to reach the keyboard.
TheRedCapitalist 1 year ago
@TheRedCapitalist You can easily understand what I have to say from that, and you pick faults like typos instead of addressing the argUment put forward. Typical fucking Keynesian spacker. You want to pick petty faults but you can't even capitalise your sentences. Away back to your Fiat playset you stupid cunt.
ralliart2000 1 year ago
@ralliart2000
haha, stupid peasant. you think you are writing a paper or something (not that you can even spell properly)? this is the internet - so are you asserting that internet short-hand, leet, acronyms, netspeak or chatspeak are wrong? fuckwit.
TheRedCapitalist 1 year ago
@TheRedCapitalist Schiff is a moron?
TheTopBloke 1 year ago
dang she looks 10 years younger without that old lady pompador. haha
EMPIRE0FLIES 1 year ago
Peter is right.
ExhibitMan 1 year ago
@APRtunedAudi
you are right, i donated $25. I live in FL but we have to get people like him in office, especially the senate.
still, those guys are simpletons!
caupachow 1 year ago
unless they said something before, i'm a little surprised that none of them at least congratulated Peter for getting on the ballot in CT...well, maybe i'm not THAT surprised.
wunderbeast 1 year ago
@APRtunedAudi Agreed although at this time, most Americans are broke or in debt. Thats the problem. American Banksters on the other hand are stocking up on Gold bullion and other commodities before the fall. You just dont hear that on Mainstream Media.
EMPIRE0FLIES 1 year ago
lol its amazing how since 08, peter has been on this show saying china will allow their currency to appreciate, and evvveryone on this show thought he was full of shit.
Now that it has actually happened, they stillllll dont agree with him about anything.
How many times does a man have to be right until people start listening?
treysparker 1 year ago
Oh look at that, Schiff is right, again.
Honestly Peter desearves his own show, why the hell are these guys still on TV?
Whatever they tell me to buy, i short and make money.
lol well i suppose thats one advantage.
treysparker 1 year ago
Peter Schiff for senate 2010!
yushaos 1 year ago
The Guest was not wrong... they're discussing 2 different things. The Guest is saying, if the Chinese economy is prosperous, then outsiders will invest in the Chinese economy, so China will receive foreign currencies, including Dollars, which will keep those currencies afloat. Peter Schiff is saying that China is spending all of it's cash on productivity / materials, so they will not buy foreign bonds, thereby depressing other economies. Peter missed the Guest's point and talked past him.
Ranger4564 1 year ago
@Ranger4564 I think you missed it. If they are able to domestically consume then we are screwed... just because a few rich guys in the US invest in china doesn't mean our country will benifit as a whole. 2 billion vs 330 million they can POSSIBLY have a larger market.... the only place China can misstep is energy or food... if they make a mistake with either their economy is doomed...
CodeWarriorx0539 1 year ago
@CodeWarriorx0539 No... I understood all of that... the question in my mind was whether we could ever reverse the relationship... we lend China money and they use our investments to initiate a consumption binge... they go into debt to us, we benefit from interest. But forget my currency post from yesterday... I don't see that scenario as very likely... and in fact, I don't see the above scenario as very likely either. I've been saying for a long time China will reach actualization soon.
Ranger4564 1 year ago
@Ranger4564 I think Peter got the guys point, but didn't think it was a valid enough argument to be taken seriously. The guy is assuming that influx of money HAS to be turned into treasuries to be liquidated, which it doesn't. China could easily use it's US dollars or other foreign currencies to purchase global assets like investing in Canadian oil sands for example (which they just did) and that is not going to help the US debt problem.
theslimeylimey 1 year ago
@theslimeylimey And it won't help canadian oil sands industry since they just got paid by China in devalued USD.
jibbi4one 1 year ago
@jibbi4one Sure it will. As the USD has been devalued, it just meant they used more of them to do the deal. That money has been spent or will soon be spent on mining oil sand so the devaluation is a minor issue. It's a big problem if you are holding the dollar long term (30yr treasuries for example) or the devaluation is so rapid, it can't be compensated for in exchange rates. ie hyper inflation.
theslimeylimey 1 year ago
@theslimeylimey BEsides the USD devaluation as currency absent gold, the industry is slime (dirty) pollution driven for both. Not to mention for Canada it's single resource dependant creating political slime. I suggest cleaner nuclear power to balance energy policy for both China-Canada. NEW NUCLEAR IS CLEANER SMARTER POWER.
jibbi4one 1 year ago
@theslimeylimey
maybe you should just quit with your feeble attempts at economic analysis. being a peter schiff playback recorder will do you little good in the real world.
TheRedCapitalist 1 year ago
@TheRedCapitalist Please enlighten me OB1 who should we be listening too then - in the "real world"?. Actually I have turned into an Austrian playback recorder. I like Peter Schiff because he presents his ideas well but its the Austrian fundamentals that I believe are a much better explanation of the way the economy has functioned and will function.
theslimeylimey 1 year ago
@theslimeylimey
for economics - no one school of thought is completely correct. however, the basis of economic analysis is data and analysis thereof. show me any peter schiff analysis that contains hard data and hard facts. go to the europac website, or read his book. that is not economic analysis, its pure conjecture.
for financial advice - peter schiff has never produced good returns for his investors nor himself. his track record is awful both on an absolute and comparative basis.
TheRedCapitalist 1 year ago
@TheRedCapitalist <------Shill
MotesTV 1 year ago
@theslimeylimey You are right about that... I thought of that also... even if foreigners invest in China, China could turn around and spend that same currency on foreign acquisitions, thereby gaining in the transaction, but not losing anything since they get rid of the currency. For ex, China buys a lot of natural resources (ore, coal, etc). Perhaps Peter was just skipping this point since it's relatively self evident.
Ranger4564 1 year ago
peter schiff was right 2.0 coming?
spyletu 1 year ago
only a FOOL disagrees with Peter Schiff
TheManSand322 1 year ago
Peter is talking to absolute morons! Where did CNBC find these idiots?
MsWanderer1 1 year ago
why does schiff go on with these simpletons. it was hard for him to keep from busting out laughing at the first idiot he spoke with
caupachow 1 year ago
Make that Rand Paul in a few years for President. He is fantastic.
robertlaf 1 year ago
Time will tell. I have spent to much time learning about our history... At the same time watching the future unfold. I'm discusted by the world and just want to live long enough to see how it turns out. Sadly history is vast and we will be a meer footnote.
deadman12078 1 year ago
"I think the market has it wrong" ... is that guy retarded?
Unkn0wnGuy 1 year ago
This has been flagged as spam show
peter schools cnbc every time
benzomelon 1 year ago
peter schools cnbc everytime
benzomelon 1 year ago
Short of setting up a Forex account to trade currency pairs, what ETFs (or other instruments) can a person use to bet on the rising value of the yuan? I'm ideally looking for something that holds the currency rather than futures and which has a very, very low expense ratio. Any suggestions?
robvh2 1 year ago
We will just print more money is the most obvious answer.
bertly71 1 year ago
The Chinese Economy has collapsed worse than the American Economy. No one should invest in China...The Chinese people are brutally persecuted, the products are poisonous and the Political, and Social systems in China have collapsed. A good publication to consider reading... "The Nine Commentaries on Communist Party".
mitchee009 1 year ago
Since when does capital flight into your economy lead to domestic currency depreciation? These morons are absolutely clueless.
Questfortruth86 1 year ago
My God! Schiff just schooled that guy who said, "I think the market has it wrong."
achalmers 1 year ago
Can I just point something out here to the people insulting people who dropped out of school like it's some kind of worthwhile and accurate stereotype?
They don't teach what Peter Schiff is talking about in schools, the majority of the economists who are against him went to high ranking universities or schools to learn economics there.
Lethn 1 year ago
Who is this Brian kelly idiot and why is he on CNBC?
(oh, this IS CNBC)
yakyakyak69 1 year ago 9
As the shows name indicate, they are after fast money. They don´t like people who are long time investors and want slow steady but sustainable growth.
The fast money people like bubbles and hope to jump wagon at the right time.
So they are crocks and gamblers. Mr. Schiff is not a gambler.
The sad thing is that Peter Schiff has thrown his hat with the tea party wackos that are part of the climate change deniers club that like cheap oil. Go to the gulf and get some. wkr from germany
pcuimac 1 year ago
@pcuimac Peter Shiff is correct and so are those in the Tea Party who want crony politicians to STOP borrowing and spending the USA into the same debt-abyss of socialist redistribution and empire spending that swallowed the Sovied Union.
yakyakyak69 1 year ago
@yakyakyak69 I agree on the Economics POV.
But the tea party consists of many creationists and climate change deniers who want cheap oil and no change to local energy production.
pcuimac 1 year ago
@pcuimac Both groups, those who believe in individual liberty and those who believe in statist collectivism are diverse. The cold war is NOT over. The Global Cold War is going on right now between the Green Statist Social-Fascist Crony Corporatists and those damn Libertarians who just want to be left alone.
yakyakyak69 1 year ago
Peter's a guru, where DOES CNBC dredge up their talking heads from?
calumcoburn 1 year ago
Is it just me or is our asian mami gaining some weight? She looks kinda fat now.
SilencerRPMs 1 year ago
Quite a different tone from the Fast Money guys. Not so funny now, is it?
mjhonsun 1 year ago
@mjhonsun lol I noticed that also. How is gold doing guys?
Alexharcourt 1 year ago
what a bunch of noobs..
the guys in the studio look like they are dichting school hahaha
BadWithNames123 1 year ago
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BadWithNames123 1 year ago
Go Peter!!!!
Intervene 1 year ago
China is buying resources, gold and anthing else of value with their dollars before the jig is up.
EMPIRE0FLIES 1 year ago 17
@EMPIRE0FLIES You are wrong, they are buying gold etc. because they have some bucks and want to spend it before dollar will be worth nothing. China has no reason to spend jigs on resources, USA and Europe are buying resources because their currencies will colapse if they don't change their politics.
gargamel11 1 year ago
@gargamel11 mmm actually yes you are correct. "the jig is up" is just a phrase. Meaning the dollar ponzi is soon to collapse. Everyone will soon try to get rid of their dollars and are doing so now.
EMPIRE0FLIES 1 year ago
@EMPIRE0FLIES So true.
ralliart2000 1 year ago
@EMPIRE0FLIES
This will not help china if there own people start a revolution and don't want to live as slave worker anymore. China will themself up long before US and Europe is going to hell.
llothar68 1 year ago
@EMPIRE0FLIES yep
deltapunk21 1 year ago
Nobody wants to hear what Peter Schiff is saying because nobody wants to hear bad news.
MishuTaste 1 year ago 2
@MishuTaste That's sheeple mentality. The truth hurts.
Pepsifx357 1 year ago
Peter should correct her and say, "I'm CONNECTICUT SENATE CANDIDATE Peter Schiff and I hope all Connecticut residents will vote for me in August!"
Sentinel4truth 1 year ago
Peter - Please spend less time in the sun bed. Melanoma trumps either the dollar or the Yuan.
tabcan 1 year ago 2
its yuan or ren min bi, not "won", thats koreas currency something as simply as that makes me lose confidence in their positions
YiDog21 1 year ago
That ding dong thinks the bond money is going into the stock market... lol
rentonsentinel 1 year ago
nice tan Pete!
Cinemaguy2007 1 year ago
That Asian broad has got tuckshup lady arms.
seemoretube 1 year ago
hahahahahaha.. I saw this in CNBC while flipping channels...!!! Schiff was AWSOME!!
Cyrus992 1 year ago 3
pete thinks long term... these ppl can only think to the next qaurter or end of the week. , although joe T. seems to listen reluctantly but earnestly. If this was good then why the turn around at days end. How many of these ppl on Fast money are former Goldman ppl. isnt the older italian guy a former Goldman employee?
2237lemon 1 year ago 2
Paul/Schiff 2012.
MikeyMan24 1 year ago 27
Good luck in your Senate campaign Mr. Schiff. We need you in Washington, to educate those lapdogs of the banksters. Ron Paul and Peter Schiff in the White House in 2012!
ronheri 1 year ago 12
I have read a lot of the comments. It appears most people watching this are on the same sheet of music. Well done Peter Schiff. It is so good to see most veiwers are aware of the currupt system now.
PlatinumGordon 1 year ago 3
Attention Connecticut voters: Peter Schiff is now on the ballot!
Get out there and vote!
ihatemexico 1 year ago 5
Your right, these students are lecturing to the teacher (Peter Schiff) Its so funny that Peter has been so right all these years, yet they the studends still lecture him. Insanity is rife amongst the so call experts.
PlatinumGordon 1 year ago 2
The higher Yuan will help the US's exports but that will be insignificant to GDP. The Chinese people will now have more purchasing power to not only buy more gold but goods as well. Do you know what this spells? Massive price incease as everything, includind gold, will go through the roof as there will more money chasing fewer goods.
Be careful for what you wish for.
codematrix 1 year ago
Schiff takes these losers to school... again. No one wants to here reality and Schiff tells it like it is and sees where this country is really going. If our politicians don't wake up and stop the internal battles our children will be left with nothing.
MikeGP1 1 year ago 3
This is me being you guys:
OMG Peter is a god with divine knowledge, he can do no wrong, look at the peasants trying to talk in his presence
john5246 1 year ago 2
@john5246
Explain why he is wrong and avoid poking fun at how people follow him closely.
He predicted this entire collapse while everyone was riding the fake money wave. So please, save all of us from the mindless poking of fun and explain WHY Peter Schiff is wrong or has been wrong in the past...I'll be waiting....
Good day
Buergs323 1 year ago 2
@Buergs323
I never said he was wrong. In fact I believe his view is right in the long term.
All I'm saying is that the other people have valid points. Economics isn't a science, what may happen is more capital flows in as the gentlemen suggested but it doesn't mean Peter is wrong. You find people who follow Schiff and just out of nowhere assume that everyone he talks to is an imbecile that's not worth listening to. That's just not the case.
john5246 1 year ago
@john5246 -not divine knowledge you tool - just some refreshing and irrefutable intelligence. Figures you would root for the clueless.How does Glenn Beck work for ya?
bnfox 1 year ago
@bnfox
I actually like Glen Beck's show, he talks about freedom, the constitution, liberty among other things.
Although I agree with Schiff's views in the long term it bothers me that everyone simply dismisses the comments from others in any video Peter is in. These people are not idiots, in fact many of those people on Fast Money are very well educated and make money day in and day out in their trading operations.
john5246 1 year ago
@john5246 make money day in and day out, from CNBC?! Umm... that would be Ron Insana, failed hedge fund manager?
ytgv3fc7 1 year ago
@john5246 -before you get all gnarly - just messin with ya.What is it exactly that you admire so much about those 4 shills and the bimbo?
bnfox 1 year ago
@bnfox
I admire that they make money day in and day out in their trading operations while Peter Parade's around from studio to studio doing interviews about how the dollar is doomed. I DO agree with Peter in the long term, he is my inspiration for going back and studying economics (and austrian econ). All I'm saying is we should not dismiss other people's points of view so easily and agree with Peter without question,The bimbo is nice she could give great sucki sucki so don't make fun of her
john5246 1 year ago
is it ever a surprise that every time Schiff is on these shows it's always three to five stooges all jumping on Peter - a sure sign that Schiff is spot on right about everything.
bnfox 1 year ago 2
@bnfox yup!
wanderingeyes11 1 year ago
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baigandine 1 year ago
Peter pretty much pwned that interview!!!
GO PETER GO~!!!!
RikaKazak 1 year ago
@RikaKazak yeah and it wasnt worth taking names after this interview bcs these talking heads will be long forgotten when this is all over
wanderingeyes11 1 year ago
This has been flagged as spam show
thanks for uploading this
bobsacamano1 1 year ago
thanks for uploading this
bobsacamano1 1 year ago
Peter immersing himself with the shills.
jalexander126 1 year ago
@jalexander126 he's a shark among goldfish
wanderingeyes11 1 year ago
@wanderingeyes11 Perhaps, but the goldfish are still shills.
jalexander126 1 year ago
"Let Peter talk." She knows who people want to hear from.
eurohim 1 year ago 3
Everything Peter said in previous shows about gold and the dollar has been coming true yet these boneheads still don't get it. They think paper with pretty green writing and pictures will save us. What a joke.
cousinmccain 1 year ago
@cousinmccain look.... all they are lacking is the pom poms and cheerleading skirts....maybe they should take some of that shill money and buy some gold with it.
wanderingeyes11 1 year ago
cute china babe:)
ABOSOLUTEKNOWLEDGE 1 year ago
Peter always comes out of these debates shining!!!
lindabebe835 1 year ago
I cant stand that first trader with the blue shirt and blue tie 0:45. He's a little geek thats always wrong. He has no real world experience. He gets a paycheck to pump and pump. Mellisa lee gained like 90 pounds. She looks like a jelly donut.
Exposethefrauds 1 year ago 4
@Exposethefrauds wassup Chris, nice to see you here...lol
betodesign101 1 year ago
CNBC klowns are clueless.
jhi1947 1 year ago
I hope Peter has more success persuading his fellow US Senators than with these lame duck journalists.
focus21x 1 year ago
Glad to see Schiff has been hitting the beach or boating.
MarcusCMarcellus 1 year ago
Question, have any of these people been right on anything? Besides Peter that is!
mrdoonbeg 1 year ago 4
Its a waste of time for Peter Schiff. He should better concentrate on his business and save smart peoples purchasing power. I mean he talks about whats coming since years and so many people still doubt. Peter do not waste your time with the dumb folks out there.
swas2704 1 year ago
@swas2704 The more people hear him, the larger amount of credibility he earns. Good publicity
kardentyrell 1 year ago
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swas2704 1 year ago
Peter Schiff again showing that he's one of the minority who actually has a clue.
This is why the US economy is SCREWED sadly. They pull 4 or 5 well placed idiots to give THEIR view in closing (thus the one you remember) and attack Peter openly.
Peter Schiff UNDERSTANDS the economy and KNOWS why it's going to crash.
Peter, if these idiots don't put you in the senate, do yourself a favour and leave the country. They simply don't deserve to have you there.
Austacker 1 year ago 3
SCHIFF IS ON THE BALLOT IN CT!!! There's gonna be some flag waving here in CT come August. Patriots Unite.
ctfam 1 year ago 4
sell sell sell, buy gold and silver
TheReallitycheck 1 year ago
Hows it Schiff is the ONLY one on television that makes any sense?? How? How?
sparshparimoo 1 year ago
CNBC smucks, fools,and truthsayers. Follow their advise and your garantied to loose.
TheReallitycheck 1 year ago 2
the end is laughable Joe, Rocco, Jim. If that chick understands 10% of whats being said I would be surprised
jaba987 1 year ago 2
Peter looks tan! Lookin good Pete!
You better get into the Senate along with Rand Paul!
TimeWarp66 1 year ago
What a joker..... "buy treasuries"
frontier1701 1 year ago 2
Peter Schiff is the professor and the other cnbc hacks are D grade slacker students.
betodesign101 1 year ago 80
@betodesign101
and you must be the class dunce then
hyperGlobalist 1 year ago
@hyperGlobalist oh please. you wish you where a globalist. what you fail to realize is that you're mere sheep and most likely don't know jack about basic economics..
betodesign101 1 year ago
@betodesign101 Economics for idiots = If your outgo exceeds your income, then your upkeep will be your downfall. :)
Pepsifx357 1 year ago
@Pepsifx357 maybe you should give Barry Soetoro a phone call.
betodesign101 1 year ago
@betodesign101 I doubt he would listen, he's busy playing golf. If I wait long enough I won't have too. He'll be out of a job before the years end.
Pepsifx357 1 year ago
@betodesign101
haha, another person who thinks he knows about basic economics because he listens to peter schiff. sorry but schiff is not even an economist and you are just one hell of a moron.
hyperGlobalist 1 year ago
@hyperGlobalist ah come on guy, why are you hating on me? tell me, so what economic advise do you offer to the world? i took a sneek peek into your channel and all i see are postings of you demeaning peoples comments on videos like this. tell me, is that how your parents envisioned your future to be like?
betodesign101 1 year ago
304 Views??? why is it staying there???
zgibson25 1 year ago
@zgibson25 because youtube's realtime view counter stops at 300. after that, it only updates once every few hours.
imgdumpprep 1 year ago
tech stocks will take a beating because the cost of producing will go up...look for higher Ipad prices down the road. China can buy more commodities
mike6459 1 year ago
good stuff
borderpatrol05 1 year ago
Peter Schiff was Right part 2 coming up, this time its inflation and the dollar demise. So many good vids have come out recently which would be awesome to use.
NicosMind 1 year ago
This video will be used in "Peter Schiff Was Right 2.0"
lizadfuel 1 year ago 76
@lizadfuel Havent we already crossed 'Peter Schiff was Right million.0'
I loved it, in one of the videos, Peter goes, 'How many times do I have to be right'
impratik 1 year ago 3
@impratik
the moron has never been right.
hyperGlobalist 1 year ago
@lizadfuel how bout 5.0.... endless remakes due to endless spankings handed out by Schiff. he's a tyson in the financial markets.
tmac9938 1 year ago 3
@lizadfuel
you left our the word "never" which goes behind "was" and ahead or "right"
hyperGlobalist 1 year ago
@hyperGlobalist next time.... try to spell correctly... you show your level of intelligence...
lizadfuel 1 year ago
This has been flagged as spam show
@lizadfuel said: This video will be used in "Peter Schiff Was Right 2.0"
.
Very true.
nick10463 1 year ago
Wow, the yuan is going higher and dollar is devaluated. It seems like it was planned. So, maybe will be 1=1 dollar and yuan?
SilverRose09 1 year ago
Rycycle dollar? Sure, makes descent toilet paper one day
lucius1976 1 year ago
STOP INSULTING THE ASIAN YOUNG LADY
PUT YOUR ENERGY INTO GETTING RID OF THE FEDERAL RESERVE, CIA AND GOLDMAN SACHS BANK
THAT MIGHT HELP CURE THE PROBLEM!!!!
HEAVENMYMUSIC7 1 year ago 3
@HEAVENMYMUSIC7 Thank you.
chiyerano 1 year ago
Does CNBS purposely hire people who know nothing about economics? Peter is lecturing economic illiterates.
rd2694 1 year ago 3