2/2/2009 Peter Schiff On Americas Nightly Scoreboard

[yjfoo81]

Tobin has been consistently wrong! What a dumbass

[ariaane]

Great quality video. I've seen other copies of this video, but this is certainly the most clear.

[monkeyman1140]

Peter's decoupling strategy didn't come out as planned. Turns out foreign markets are much closely linked to ours than initially thought. This is why then the european and us banks collapsed, its taking asian markets with them.

[Scadman79]

it didnt at the end of '08 but its going back to as he planned in '09

[arfywarfy]

This IS professional jealousy - Schiff has been right all along because he understands ideas from the Austrian School of Economic.

[nicoya31]

It's ok to question Peter Schiff on his predictions and his strategy, he should be made to explain the reasoning behind his strategy. But here's the hypocrisy in all of this and what makes one think that this is a campaign against Schiff by the MSM:

Why aren't there more videos of all the morons that ridiculed him when he was calling the real estate bubble for what it was, a bubble. This is clearly an attempt to discredit him, but they can't 'cause his arguments make sense.

[DONHarroldsucks]

George4title, Lebed (Stockmanipualtor) and donharrold, are creating this to atract attention to their own services... Be careful...

[dcamarg5]

I live in Brazil. Brazil-Argentina are not using dollar anymore as trade currency. BMF, the brazilian futures exchange starts today to trade future contracts for euro. I'm sure other countries are going in the same direction. Look around, the dollar is about to collapse.

[SilverRose09]

CNBC Australia said that gold is safe heaven. Gold does not play the current dollar fiat currency. What is sad is that the rich people are the tightest and spend the least....and gain the most....do not waste your money on their trash products ....

[jaaje29]

These guys have no idea what strategy Peter applies to the markets. These clowns watch the fake numbers go across the ticker and think they understand how economics works. I would equate most of these forcasters to casual sports fans. Sure, they know the game and who plays what position, but they dont understand the nuances of the game that truly make you knowledgeable and reliable voice . Peter Schiff is a master at his trade, and it is just a matter of time until hes vindicated once again.

[leathertanner]

You're right, he knows what he's saying.

He's probably a real Schiff.

[MushroomCloud666]

I don't really see how dollar is going up... it's just that all other currencies (like my national currency unfortunately) are performing worse than dollar. The only currency performing well against comodities is probably Yen now.

[markleerose]

Deleveraging and uncertainty. Lots of companies and funds have obligations in US dollars -- people taking their money out, payments on loans, etc. A lot of these companies have assets denominated in other currencies. When they sell those assets they have local currency, and as they convert that currency to US dollars, it creates a demand for US dollars and the dollar goes up. The rally is over though, as evidence by the rally in treasury yields (they're having to paying more to attract buyers).

[GreenrushCapital]

Toby says "I don't think the strategy works"...thanks alot for saying this after the fact...

Peter is having to defend his strategy in hindsight...Of course, it has been dead wrong for the past 6 months. But for him to be getting the 3rd degree from people like TOBY is just ridiculous...I love how TOBY is trying to tell him what he SHOULD do...Yeah...unhuh...

[StepUPNJ]

I really like Peter and he certainly has been on track about a lot in his economic forecasting. But I think he may be missing one point, which was alluded to in the video, and that is that the whole world is in this mess, the whole world has toxic assets, the whole world is based on fiat currencies. In an odd way, this might keep the dollar propped up more than Peter thinks.

[BomdingoMan]

Peter is completely right. He explained it in a way based on basic economics in a way which is so easy to understand. Of course its hard to predict exactly WHEN things are going to happen when you have the government constantly manipulating the economy trying to prolong the crash. It is coming, for reasons so clear and these guys will not give Peter Schiff the credit for knowing it but will instead hide under new attacks of how Peters theory was only 98% right instead of 100%....shameful

[dcamarg5]

people in general are clueless about economics. They only see short term, don't see any inflation coming and thinks the dollar will remain strong. Peter is right again in the long run.

[unworldlything]

in the long run, we all gonna die. I am right~

[dcamarg5]

yeah... and you probably will die broken and stupid. I am right too.

[faramir44]

It's a little strange that Peter didn't predict, at least publicly, that the dollar would rise. I'm no expert, but I thought it would rally back in 2007. It's the debt liquidation and deflationary effect I believe. I'm not discrediting most of what he says, but his own personal interests may have slanted his proper analysis of the economy. Giving him the benefit of the doubt, he may well admit that himself.  No one is perfect or completely altruistic. Just trying to be fair and open minded.

[caltrop69]

I think Peter HAS, indeed, predicted that nominal dollar rallies can occur, prior to this. This one was higher than he expected. Fun corollaries can be found in the stock market of the Weimar Republic, in Germany, right before hyperinflation occurred there. They had a couple of similar rallies. I think the similarities fail when you consider that the United States has more resources than Germany had. Also, The United States doesn't have productive land usurped by foreign governments.

[bearsagainstevil]

schiff still comes across as honest

[kapaka12]

So now it is all about euro-pac... The economy can wait until we rib this smart guy apart...

Man... how hypocritical/stupid these guys can be..

[cyalaterthan]

PETER SCIFF WAS RIGHT.... AGAIN

[theantirobot]

I didn't see any of those stories they referenced. I don't think an offline news source publishing online should be considered the Internet.

[madhuradi]

wow , did he just compare peter with madoff? my word......peter clicks coz he speaks from his heart. with no malice..none at all.

can't say the same about other guys like smith,stein, laffer etc etc

Integrity!

how can these guys look into their eyes in the mirror without an iota of guilt!

satan lives within us!

[eekdog2005]

I have a list of things i'm avoiding in this economy. The federal reserve is driving this economy down systematically. They are pushing for a New (Financial) World Order. A one world currency. Total control!

[potterword]

It is good and balanced for all those that forecast economic info to account for their words. Ppl's lives and money are at the forefront. Wisdom found in a multitude of counselors,~ this dialogue good

[wreagfe]

Empirical data can verify and falsify any valid or invalid economic theory because empirical data is loaded with interconnecting and sometimes contradicting causal factors. The point of economic theory is that you get the concepts straight a priori. The empirical data then provides illustrations of the theory, which in its turn can explain economic reality.

Saying that some arbitrary chosen statistics falsify the economic theory Schiff holds is disingenious as well as scientificly sloppy.

[quest2k]

just like the housing bubble they are trying to say that peter is dead wrong about the dollar bubble. how can anyone think that the Fed cant print money like there is no tomorrow and not think that the dollar bubble wont pop? I never heard peter say that the dollar bubble will pop in 08, every smart investor knows that when you invest you invest for the long term and with money that you can live with out if things don't work out. The only knows who are crying are the speculators.

[muffman11111]

they are trying to bash him because he tells the truth an the truth isnt pretty. the dow is loosing to gold so tell me which one is a better investment.

[jdmick]

Hope this continues. It should make good material for a "Peter Schiff Was Right #2" in the future.

[andreamirelez]

i haven't seen schiff on FBN for a while and then they bring him back for this type of thing. FBN is wrong for that.

[EMPIRE0FLIES]

They are indirectly bowing down to Peter. I remember not so long ago when Smith was slamming and laughing at Peter. The end of the dollar is near.

[Justbeatit999]

This is great stuff! Thanks for uploading! By the way, I always go to financialtruth0.blogspot . com because they post all the latest videos there of JIM ROGERS, PETER SCHIFF, MARC FABER and RON PAUL!

[liberalbias100]

When he finally got to "Toby" I had forgot he was even there. When he finally did speak up I was reminded of that 80s movie "The Stuff" I thought foamy white crap would come flying out of his trap at any time.

Nice Upload, thanks

[Tasadaru]

This is where Robert Kiyosaki says "Don't invest if you don't know what you're doing. Inform yourself first." I've been a europac client for about a year and did have my account reduced to about half. Sure I wish I didn't get in at the peak but what about the risk that existed back then. What if the had government decided to print even more than it is now? Right now, 40% of my investment is in Hyflux and the rest is going to silver bullion. Silver is gonna offer more returns than gold.

[smellyfinger420]

Wow, if I was Schiff, I'd be pretty pissed. They just can't admit that he was right and are mocking him even now. Brutal.

[dcs5150]

If I were Obama and I wanted to get re-elected, I would print just enough money to keep us afloat until mid-late 2011, then boom throughout 2012...The voters would definitely fall for that one...It is in my sincere belief that we will not see "decoupling" for another five years, and I'll bet you a penny on that one :)

[Gilgamesh73]

If you like Shiff you will LOVE Michael Shedlock aka "Mish".

[motonegros]

I like em' both, but they hate each other!

[UcantBeSerious03]

Was it Mish's piece that started this?

[mreisma]

they set peter up big time with this interview

[livefreeordie1970]

FOX will do that but he holds his own

[vociti]

I have seen no one give a convincing argument on how we are going to get out of this problem safely without a crash. How is it possible for America to again be what it once was. It was sustainable to being with. The numbers don't work. The solutions are the wrong ones. I'm not an expert on economics but convince me we can pull out of this after looking at the numbers, the stats, the logic. I agree with Peter on mostly everything, but I hope he is wrong.

[vociti]

Quick fix. I met it was UNSUSTAINABLE to begin with, not sustainable.

[utek11]

we can get out of this by 1... going back to a credit system like the constitution calls for... 2... rebuild infrastructure in such a way as to raise the production capacity of the country to meet the debt demands of the deficits we incurr... nuclear power and high speed rails would be a good start... then... let the business fail that should fail and new ones replace them... the gov investing in infrastructure that will raise output will set the stage and the market can play the play

[mickeysears]

I know it's very frustrating but there is no "getting out of this safely without a crash." We have been blowing up this balloon for 40 years and it has to deflate or burst. If we allowed the free markets to work, this could never get to the proportions it is today. Bad investments would wash out of the market and we wouldn't feel too much. It's when bad investments are not allowed to fail and are propped up through government spending that they get big enough to cause a depression.

[2TheDeath]

Look at Babcock and Brown- Peter really liked this one- down nearly 100% LOL probably going bankrupt.

Dont trust anyone with your money people- especially not youtube celebrated "truth tellers"

[quest2k]

Peters advice is for long term investors and not  for speculators who just want to make a quick buck.

[pepsimannampepsi]

Wow. Have you seen the Glenn Beck video on how much dollars have been printed since 1971. We are in some serious trouble.

[madcubano1]

Whatever you do, don't invest with Toby on the right. He is clueless about investing.

[EasyWolf31]

Actually, Tobin is right for once in his life in this video, not sure why Peter was recommending all these international stocks in the shhort term lol. Haha Poor Peter he looks like shit in this video lol. Must have gotten killed with oil also.

[MrMP81]

WSJ tried to do a hit job on Peter Schiff?!

Sons of bitches... what's funny is that, this goes onto Fox Business

Fox & WSJ = Rupert Murdoch

As if they propped Peter up on Fox to kick him now.

I'm glad this video went smoothly...

>:I

[evcrawfish]

peter is my hero

if i could only figure out how to invest this last 3 dollars in gold.....

[EasyWolf31]

Id like to take Tobin Smith's head and shove it up someone's ass at Fox.

What a dumb ugly bastard.

[RobTzu]

Looking through the fed numbers, the banks have excess reservers of 750 Billion dollars. Just how much inflation do we have in the pip from that? I know at the moment we are seeing deflation, but man that number scares me. It is a bubble waiting to happen.

[scotyosh]

Yeah, peter will be right.

[vinny1010]

Investing with Peter Schiff should be viewed as LONG term, not short -term. These people who are attacking Peter Schiff are so stupid! They obviously don't know anything about investing.  They don't understand that though Asia will will have a pull back at first, it will be #1 after its all over & done with

[kungfujones1]

Where's Peter been for the last week or so? Good to have him back!!!

[JesseKantstopolis]

Peter will have the last laugh.

[b1muas22]

lol, he said he's not going to go on with Leeb anymore... Listen to what he said at 7:31 ...they cut him off at the end when he was trying to explain how the government is artificially proping up the market.

[citimeta]

The clown on the right has been wrong all the way. Where does he get the credit to reappear and how could he question someone who at least has been right for quite some time?

[launchpadmcquak]

wow... that was a lot easier to watch than when peter's going up against leeb.

[followyourgut]

it´s amazing how these fuckers can´t stand peter schiff being right all along!!!! fuck them assholes!!!

[tillo2008]

toby is a joke and i get the impression he likes to be a jackass.

he doesn't want to admit that whatever value the DOW has is worthless if the dollar is worthless.

the US currency will soon be the new Peso, just because there is so much of it and none of it is going to the little people

[silentonall]

What!!!??? These IDIOTS brought back Tobin Smith against Schiff after ALL the humiliation he displayed against Peter??

[everst]

peter owns a brokerage not a fund of some sort. his brokers let people buy into the top of the market because they are rewarded with commissions. the one thing that bugs me about peter is that he is too slick a salesman. his brokers shouldve warned people about buying in at the top. but the investors shouldnt have been so stupid. cost-average (i think its called) your investments people

[pieater53]

tobin licks hairy ass

[achalmers]

Look at those pathetic fuckers!!! They so want Peter to fail. I hope he comes back and gives the a big Kid Rock Fuck YOU!!!!

[1972challenger]

2 Things. First is I would like to see the other guys track record or some kind of info telling us how he performed in the markets before he armchair quarterbacks Schiffs investment strategies without any info to back up or critique his own record. Second is with the government and feds doing whatever they want policy and monetary wise it is impossible to predict a shorts market right now. Take the sure bet. The more money printed the less it's worth, this is not rocket science people!

[tillo2008]

exactly! otherwise we'd stop printing money and just call sand as the world currency! Then we can just go shoveling when we need to buy stuff!

Sounds the same as these stimulus packs to me

wait... then river-front property will be worth it's weight in sand AND are an investment. Wait till I move to the beach!

[nico3641]

Does Schiff also think that oil will also go up as he thinks gold will? Anyone here bullish or bearish on oil? What ETFs are good to invest oil? Should we stay away?

[john5246]

Peter has mentioned that he think oil will sky rocket just as fast as it came down. If you feel the same go ahead and invest. You can do it through the USO ETF. Personally, I think there is too much inventory on the market to jump into oil now. Oil could rise very high as the dollar reverses and as tensions build and war starts in the middle east.

[TinyApe]

each time I see another "expert" apose Schiffs' track record...its like they'r gambling that this is the one time where he [Schiff] will be wrong....grow some balls Mr. "expert" and admit your are a kept man...PLEASE!!!!

[Balderise]

You mean like pool boy ? lol !

[Rustyshackleford08]

Man Peter is taking it hard, in a logical world everything would be exactly what Peter says, it will eventually be that what but you can see him look pretty down at the end. I think he will be right in the end, the USD is finished, I don't care what anyone says.

[calypsodelta99]

Thanks for Posting Phil DeCarolis, I hate these noobs that take Pete's info from 6 years ago and mix it say its recent, or add it stupid shit like girls strip teasing, thx for keeping your posts authentic, you got a subscriber my friend!

[JP5466]

Even thought I agree with Peter, I've often wondered why Euro Pac does not short stocks.

[50chickens]

because if there is hyperinflation real stock prices might fall (eg priced in gold) but nominally the prices of stocks might rise. have a look at the stock market price during the weimar and zimbabwe hyper inflations to see why.

[jellyphish81]

Mr Tobin's head looks like an egg. When he loses all his cash in poor investments, I think he might have a future on childrens television as Humpty Dumpty.

[ColdRainyNights]

I agree.

[bassmeister11]

It amazes me how many Financial experts ignore fundamentals, common sense and are in denial about the stock market and US economy. Bravo Schifffffff

[X340N3]

This new wave of attacks were to be expected. I have been watching for them.

[seanannapolis]

Nobody has to follow Peter Schiff. The fact that he's seen through the haze of the tech collapse and credit/real estate collapse may or may not be reason to follow him. MOST "experts" do not agree with him. I'm confident MOST will not follow Schiff and that is their right. In time, we'll know if the Treasury market and US dollar collapse and whether certain overseas currencies and dividend-paying stocks in agriculture and mining and precious metals pay off. I know who I believe and who I don't.

[stshell]

you can't be great and not have detractors

[FGTBOGSAT]

Peter Schiff is right, again.

[Paetaor]

This sounds oddly familiar. Peter making his predictions based on fact and others 'experts' dismissing him.

[nemnaisa]

Mish Shedlock is the guy who defames Peter Schiff.

[questionablemotives]

sounds like a dirty jew

[alex94115]

I read Shedlock's blog- looks like he is just trying to leech off schiff's media attention. He doesnt have any original thought. Peter Schiff strives to educate people whereas Shedlock just tries to trash schiff then at the end of his blog post says "To sign up for a free copy of our Monthly Client Newsletter, please register your email address..." How about some original thought Shedlock?

[Shaunt1]

I would follow Peter's advice. He's been right so far.

[prickett233]

Don't take my comment as a bash at Peter as I also agree with most of his advice. However history shows that people who are right, will eventually also be wrong. Hence a time will come where what Peter says no longer makes sense.

[TheChinaExpat]

History shows that the Austrian economists have been right all along.

Sure, he might be wrong in the short term, but so long as the Federal Reserve keeps pumping out money (or by this point in time, even if they reverse course and raise interest rates dramatically), the dollar will plummet both because of the new dollars and the old dollars that come rushing in from the rest of the world as they realize the ponzi scheme that is the US economy.

[hexzerg]

Well, true all stock markets across the world were going down. So, I'am pretty sure a lot of people were expericing loses too.

[formulaprimer]

All of Peter Schiff's predictions are based on the Macro economics and most of these of hacks are micro economic bubble propaganda specialists. Just like the past Peter will be proven right again!

[KhmerD0g]

u are spot right. macro looks at the bigger picture and long term while micro looks at short term and localized.

peter says he is a long term investor and looking for high dividend yields. that is his main strategy to make money. his other goal is looking to get out of the dollar to preserve wealth.

everyone else is in for the up and down ride of the market. it swing one way today and the other way the next. short term investors are looking for day-to-day market and timing is important.

[RepublikaTwo]

Hey, look, I have 50 000 dollars in stocks. That is not much money, and if I listen to Peter, and buy stock with big dividends, i would buying blue chips. But I won't be able to expect high returns in next 2-3 years. I bought, stocks last week. I am about -5%. But as Peter said you cant know what will happen tomorrow. I bought stocks on Zagreb stock exchange. One bank, one oil company, one i will make a secret.

[KhmerD0g]

the ones u keep a secret must be metal mining companies and agriculture, i bet.

i meant to say is buy FOREIGN company which pay big dividends, especially in asia. USA is going down with hyperinflation.

peter schiff and especially jim rogers are long term investors