Peter Schiff Back on CNBC : July 1, 2008

[applish]

kick bush monkey ass.The master plan for all this shit thing which left behind for obama.

[utuba69]

Peter Schiff rocks.

[Villela3]

Where is Brian Wesley now?

[thomasw78]

Yet another in the long line of debates Peter has won.

[iali00]

I feel sorry for Peter because he's way too smart for these idiots.. it's shocking how spot on he was except the dollar is getting stronger today but i think long-term, he's right on the money.

[fox20012]

I feel sorry for peter having to deal with stupid people

[dave777blaster]

NAU is coming

the American economy has been on a 40 year slide,though with any economic long term slide

there are ups and downs.

the fact remains it was the VIETNAM WAR that broke the back of America.

the 10 years they spent in VIETNAM cost America the gold standard and sent them a path of borrowing money.

Today we see they have not learned anything and are embarked on another 10 year war.

Iraq is a no win war for Americans.

it will cost them their constitution.

get ready for the NAU

[chootlund]

@dave777blaster

Right on buddy.

[genyav]

Schiff is faught against by other economists because he's too doom & gloom. I agree with everything he says but I don't expect a complete currency crash (hyperinflation). Dollar is already way down and the Fed needs to fight inflation during the upcoming and difficult recession. Meanwhile, the weak currency will improve exports and create a recovery in manufacturing (if our gov't let's it). We must have offshore drilling and oil commodities. It will create jobs.

[chootlund]

@genyav

There is a tiny problem with that - NOTHING IS IN THE HANDS OF THE FED ANYMORE. THEY ARE TIED. And now that Fan & Fred have been bailed out, its just a matter of time. And oh, America CANNOT export its way out this one cuz guess what - MOST OF AMERICAN MANUFACTURING HAS BEEN GUTTED.

[genyav]

The Fannie and Fred bailout is Socialism at it's worst, but manufacturing is on a rebound (in my opinion). Yes it's been dead for a long time, but its been dead because of too much strength in the currency. Now that the currency is weak, a rebound can occur. A similar situation to today occured in the 1980's and we recovered. BTW, commodity exports were up 70% last year. This is the economic rebound. Also, watch pharmaceuticals in the next few years. (Or be pessimistic, your choice).

[gunnerrat]

It's amazing how these other economic/financial guys can keep fighting against Schiff. He's gaining momentum with his correct predictions. It must really burn all those guys that he keeps getting it right. Maybe he is Dr. Doom, but it's only because our economic has been royally screwed over by the banker barons.

[fredgt28]

i never heard of this Perer guy, but from reading his article and watching videos like these, I must say. I am VERY IMPRESS. From now on, I would read his comments before investing. His like the wake up call for america but the one that no one listens to

[LeftLiberalSoCal]

I met Peter in person at the seminar in Las Vegas. He was on a broker panel. All the other brokers were laughing at him, mocking him, and some in the audience were hissing etc. He has allot of balls. Courage, and is very transparent. I noticed the other brokers were more like "car salesmen", with fake smiles telling everyone what they want to hear to get thier money. But Peter, he did not tell them that they wanted to hear. He is investing true to his principles and what you see is what you get.

[ronheri]

Peter knows the Federal Reserve, along with te IRS are criminal. We must rid America of the Banking Cartel and get back to real money!

[seainside]

Why was Schiff "banned" from CNBC? He seems to be quite calm in his comments unlike others I've seen who shout, fume, and interrupt.

[gunnerrat]

He didn't tell the story the powers that be want told in the media. You watch the Fox clips and it's quite clear everything is slanted against him. People also hate the fact he's usually right...

[xdir]

nice jab at the end "peter you havent been on real tv for a long time"

Peters been on FBN.

[CanadaEQ]

It was a jab at FBN, not Peter

[American5Patriot]

WE THE PEOPLE DON'T BELIEVE the government EITHER! They all gang up on Peter cause he's TELLING THE TRUTH! Oh horrors, what a RADICAL thing to do on Fox Noise!

[davincij15]

The inflation formula is found at bls(dot)gov(slash)CPI

and with some digging you can uncover the multitude of changes to the CPI formula that the U.S. government has made over the years. It does not take a genius to determine the reasons for this radical alteration, does it?

Greenspan - "[gold] protects savings from confiscation though inflation"

Voltaire - "Paper money always seeks its intrinsic value - zero."

[visionvictory]

I wish Peter would remind them that the 1970's CPI is totally different from today's calculations.

It's not just that Peter doesn't believe the numbers, he knows about the changes and lies.

[chrism20]

Ya, he kicked ass on this one. GOOD MAN PETER.

[Neonbob]

Schiff knew his shit. Just give the dude credit. Man

[DillonX]

I was a Ron Paul supporter & contributor, but am now urging the millions of Ron Paul supporters to now vote for Barr, or Barrack, or Nadar, or Bullock -- BUT NOT MCCAIN.

McCain will just take our country totally into the toliet!

[davincij15]

I would rather die than vote for anyone else but Ron Paul. Write him in.

[American5Patriot]

Bob Barr voted FOR the Patriot Act, FOR the Iraq invasion, get a clue! He's just another Neo-con thrown in to the mix by CFR because they know that A LOT of Republicans will NOT vote for McBush! RON PAUL 2008, America is in CRITICAL condition and needs a DOCTOR!

[gunnerrat]

Not gonna happen. I'm going to cast a write-in vote for Paul. I'm voting for my convictions, and I sure as hell ain't voting for Obama. He's one of them now.

[alansready]

people must listen to peter schiff and we msut vote for bob barr libertarian or chuck baldwin

obama and mccain are both idiots and awful

[LeftLiberalSoCal]

How is it that "Bob Barr" is on the ticket but Ron Paul is not?

[chootlund]

"Now"? The "establishment" purposely chose him (remember the millions in campaign funds? "Grassroots" my a**) because he doesn't have ANY ideology except grab power by any means possible. He's just a puppet. Did you ever think seriously that the Wall St. elite would let somebody who actually might change things get elected?

[Xasew]

Peter's so enjoying this. I mean at the end he was basically jabbing at CNBC for not inviting him back sooner.

"Let's make it happen." and then giving out a few names so he could humiliate them face to face at the studio.

[2rate2]

It's amazing how Peter (and Ron Paul for that matter) break it down and pinpoint the actual problems and how these problems occur based on facts and common sense and these people try to squirm their way around it. Even the Fed chairman can't disagree with his and Paul's points, because it's the truth. The bottom line is that the Federal Reserve needs to be dismantled. It's not Federal and it's not a reserve - deceiving from the get-go with its name.

[markymarkuss777]

Wesbury is an idiot. Economic collapse by September 2008! Everyone prepare now!

[imnos482]

So, the banks are not lending and credit is dried up. Soon the average American will have no money. When does the money dry up and the banks buy up everything? JP Morgan and Citigroup are not stupid. They must have a plan here.

[TajiTJ]

Hope to see more of him on CNBC. They need some reality. Every down day in the market someone says it is the bottom and to buy.

[jdearden409]

Mr. Schiff is awesome! Go Dr. Doom!

[Snicker75]

I like how Peter says "I don't trust the government numbers" and the other dudes just laugh like "Oh, this idiot doesn't trust our own government's numbers, how silly"

[gunnerrat]

Right on. The guy's been right for so long because he knows what to believe and what's total crap.

[LibertyCola]

sweeeet, Schiff 2012!

[midwestcharm]

I think they kept Peter off because he supports Ron Paul views. You'll see alot more of him now. They think Dr Paul is not a threat now. Big mistake!

[thinkrevolution]

Thank you, Peter Schiff!!!

[grubernick]

truth is back on track

[Zhuangyao]

Byran has been lying since previous century!!!!

optimistic clowns

[banemaler]

Wow Peter Schiff is back. He doesn't sound so crazy now does he CNBC?

[mgilbo1]

I love peter giving them shit about calling him Dr. Doom. Its actually the first time I watched CNBC since they got rid of peter.

[labartic]

Its amazing how people STILL call Peter crazy for making these predictions.  When everything he has said is on POINT like he has been saying for YEARS.

[098uiokjh]

Thanks for adding the vid.

Glad to see the media taking more interest in Peter's point of view.