Peter Schiff Defends Himself from Dennis Kneale on CNBC Reports - 07-13-09

[rb3264]

I have officially come to the conclusion that dennis kneale is a bigger idiot than glenn beck

[osterkenn]

Dennis is such a simpleton. I'd like to drain his fucking teeth.

[ernofsteel007]

man why do these guys keep trying to roast Schiff on TV? they laugh in the moment their doing it but it always comes back haunt them when everything Schiff says happens & they look like fools for trying to ridicule the dude for telling it like it is, if i was a press guy i'd be angling myself to align with what hes saying so i'd look like a genius too but thats just me & i aint no press guy

[JohnnyBGood11]

that host is a dork!

[ThaigerDon]

this guy picks the worst angle to present the worst argument, then undoes it by admitting "bearish" economists are right about their predictions. did he think peter schiff was just going to roll with the punches or what?

[MirageScience]

Being bullish on America is like putting your head in the ground and saying you only believe the propaganda your heard not any new evidence.

[manhateixeira]

wow Mr. Peter Schiff was very nice not to cuss at Kneale (at least!). Mr. Schiff shows again he's an intelligent brilliant civilized creature that dignifies our species.

[GuntherL1]

Schiff vs Kneale is like a tank against a bike.

[manhateixeira]

@GuntherL1 agree LOL :) well put

[Dkouts57]

Gold was at $918 then! fuckin 2 years and 15 days !!!!!!!!!!!

today $1615.60!!!!!

Suck a dick Dennis Kneale.

you should bring back Peter and ask him whats he's pushing now because you haven;t offered a single money making idea ever!!!! and you are on TV talking finance all day

[rudemood2011]

Gold has gone up about 50% since this interview. Dennis Kneale is a fool

[AdamRainStopper]

Wow, our "journalists" are really making themselves look like asses these days....

"And I'm bullish on America", (big stupid grin)....

[nalejbank]

Hey Dennis! How does a steady diet of "crow" taste? Liberals are such fools.

[djdj71d]

I would love to see this guy interview Jim Rogers. If Rogers has no problem calling Bernanke an idiot I could only imagine what he would call this human piece of apathy.

[chris7575]

I sent CNBC an email when Dennis first came on the air some time back telling them that Dennis is an argumentative uninformed moron who should not be on the air. I watch more Fox Business now.

[danka2000]

What an idiot. Peter is an uneducated idiot on the business cycle. Recession ended not because of stimulus, because of the business cycle. The recession was over a month before this video was shot and the leading indicators were surging indicating a small v shaped recovery.

[RMT87]

@danka2000 lol you think the recession is over? you watch too much tv

[crutch79]

@danka2000 You're right the recession is over, the depression is just getting started.

[crock2020]

WOW askin peter if he makes money with his business?? fine... sell your scrap gold lololololol

[drax09]

Dennis Kneale is a dumb lunkhead.

[EMPIRE0FLIES]

Kneal equals dumb ass. Until you can trust your counterparty there will be no investment or growth. And you cant trust a corporate socialist bureucratic bankster.

[osterkenn]

This face faced tubby bitch should not even be able to cast eyes on Peter Schiff. He talks to him is such a condescending way. Peter is a brilliant and could buy and sell this tubby, smug prick five times over.

[MagicMarker447]

This CNBC guy doesn't have a clue about what he is talking about. The reality of the situation is that we need to get rid of the damn Federal Reserve that got us into this financial mess. And for some idiotic reason is charged with getting us out. Isn't insanity doing the same thing over and over expecting a different result. Inflation is just a disguise for a tax. Individuals' money becomes more and more worthless as the Fed keeps increasing the money supply.

[aaricus]

Lol were gonna be okay? still no recovery yet things are looking even worse.

[fasteddie847]

Dennis Kneale makes me want to puke. Dennis and all the others on CNBC are just Wall Street mouthpieces. Their job is to tell you that now is the greatest time to buy buy buy stocks. I can remember these knuckleheads back in August 2007 at the peak of the market telling you to buy buy buy. That's their job. About the only person on CNBC with a good clear head is Rick Santelli

[bonfirejovi]

Was that paranoid rant at the beginning necessary?

Hahahaha "we are going to be ok"... does this guy still have a job?

A year later and Gold is $1250 and unemployment is 9.6%.

Lol "are you going to profit from the sale?"... well I would sure fucking hope so. The dumb fuck would never ask such a stupid question of someone selling stocks or bonds.

[GMHGTO]

@bonfirejovi gold is pushing $1370 oz. now, 9.6% is good terms at best, lot of the country is near 20%, you have many people "working" part time or on contract terms who arn't part of the 9.6%

[equsnarnd]

In fact you are so bullish on Amerika that you are full of BS.

[KendrickJ2]

It's much easier to attack the individual than it is to attack the argument itself... the hold looked very ignorant -- ad hominem and poisoning the well.

[ricochetVendetta]

your selling optimism and tv entertainment. tv is all about the sell, a presenter cant be anything else but a salesmen really

[emirnkamelia]

Wow..the most retarded individual I have seen in the media....

I mean some of the problems that America is facing can be seen to be exaggerated to an extent, but this host is clearly clueless.

[TP2010]

Doom is all that's left. You won't be ok, Dennis. Come to grips with that, and you can start to be truly ok.

[DaleElder11]

Dennis, Dennis, Dennis you DO sell stuff, there lies, or you are that stupid. You are not worthy to talk to Peter.

[ParapaDrifter]

He is selling something. A perspective. An agenda, that CNBC people want pushed.

Schiff is a doomsayer because he knows what effect government has and conduct they employ in a depression. Their Kenysian approach is irrevocable.

[PilsenB]

@ParapaDrifter Yes, CNBC is selling hope in a piece of the action. "You, too, can score big in the stock market -- stay tuned! After this next commercial break, we'll tell you how!" It's totally disengenuous for this host to say he's not selling anything. But kudos to them for bringing guys like Schiff on for brief breaks from their usual fare.

[campelofep]

looooooooooooooool

[Aprize0]

Dennis...YOU ARE A MORON!!! He's one of the clueless ones...but then again he's reading a frigging script that some other moron wrote handed down by one of the parasites!!!

There is NONE so blind as he who REFUSES to see!! Goodness...this isn't rocket science, why is this so hard for the masses to grasp?!!!

Peter my man you're doing an awesome job, just you keep on keeping on. I trust the majority of people out there ARE listening to you and not these clueless-babbling-empty heads!! Good grief!

[tahuslawi]

Dennis "the idiot" Kneale

[bottleslingguy]

"I'm bullish on America."

what an idiot

[kosai19]

These guys are just paid actors. Whether they even believe what they say I question. He's just reading some lines from a teleprompter.

[ragratt]

yea. i dont believe we have real news reporters anymore. on national television at least. he is paid actor. this guys sell lies

[kosai19]

We haven't had real news in a long time. It's all just a source of entertainment. It's interesting but if you research this stuff you'll see the transition into bubble vision. It has a lot to do with the move from 50+ owners of the major networks to now less than 5. Most people these days don't know how to think critically and get their info only from TV or a few popular newspapers. This kind of propaganda goes way back. "Century of the Self" is a must see documentary that goes into this.

[mezmerize2k1]

Wow- this guy is so full of crap!! Schiff is on point. I think he's one of the few who actually make any sense.

[thebruno44]

Kneale is a total fool!

[Dwilshire7]

Completely agree with Schiff that we should be raising interest rates but it would have been nice to do it 18 months ago.. now we are painted into that corner and have 2 choices Leave rates and sit in a 10 year funk, raise rates, blow everything out but start to recover within 18 months... WHat a bunch of dumbasses we have running this whole thing

[FATToney12]

Peter Schiff said in his book "Crash Proof: How to Profit from the Coming Economic Collapse" written in 2007 that too low interest rates would contribute to a recession, so Schiff also said we should have raised interest rates long ago.

[Dwilshire7]

yep, my point exactly

[Tigerpaws9097826]

Schiff's advice in 2007 was sound then. Now that we're in a crisis, while I think he's right that over time we need to raise interest rates, I'm reluctant to say we should do it quick & right away; it's a bit like giving sedatives to someone who's physically drained through overuse of amphetamines. That said - while there seem to be good arguments for either deflation or inflation in coming days, I don't foresee we'll be saying "the stimulus worked fine" two years from now.

[Dwilshire7]

They will be forced to raise when/if the dollar starts to drop below 70. Then China will insist or send the japanese Yakuza over to Obama headquarters. Its such a joke. rack up the debt, crush the dollar so you can pay it back cheaper... I dont believe those countries that have taken on that debt can be too happy...

[pwnttothemax]

dennis kneale got his ass pwnt. "i'm bullish on america!"

haha what a soundbyte-jackass

[callipun]

Even if we let the economy run its course we will never be able to compete with foreigners which is the problem we had to deal with in the 90s. The Fed dealt with it and inflation soared. The bubble burst and we have nothing to fall back on because in the meantime we outsourced the rest of out production capacity or had it stolen. Peter is right but either way our fate is sealed.

[spanishwhiskey]

Dennis Kneale got owned

[DavidDTTTW]

Still can not figure out why would anyone watch CNBC, that network annoys anyone with IQ above single digits - "rating democracy" can work miracles - just stop watching that channel and in 3 months CNBC will go PanAm way and it'd better stay there

[bajoverga]

Fucking Schiff DESTROYED this fool.

[frankabler]

Dennis Kneale is a two-bit turd burglar.

[dlucas90]

Its a conspiracy! Peter Schiff is ruining the economy in order to sell his book. ;-)

[AMERICANPSYCHO73]

Kneale is a loud-mouthed, garrulous, condescending, pompous muppet who was ostracized from Fraggle Rock by the other muppets for excessive annoyance.

Kneale then moved to Sesame Street, but got caught creeping around Bert and Ernies bedroom, wearing nothing but a fake beak, yellow feathers and a strap-on.

It is still unknown why CNBC hired this windbag, although there are rumors it has to do with future affirmative action quotas tied to square-headed, square-spectacled muppets.

[UklaTheMokk]

This Dennis Kneale dude is a fucking IDIOT. Nowhere does he ever say that he's trying to sell something too: RATINGS.

So let me get this straight Dennis...the worst economic crisis in the last 80 years, maybe ever, is going to resolve itself in the shortest bear market in the last 80 years?

[wtflol420]

China seems to be doing fine with the stimulus package but America? wtf is wrong with this country.

[shenmueryu]

that's because technically it is their stimulus package because as soon as we in America get our checks we run right over to walmart and buy buy buy!

[dlucas90]

Agreed. Whats the difference between a tax and a profit if they are both going to the same monopolies?

[Timbot2002]

While Keynseian stimulus is a bad idea in general, there is a BIG difference between doing it as a creditor nation and as a debtor nation.

[truthfreedom4all]

Who is this dumb fuck and why should I care... I think a prerequisite for being a media whore is being as dumb as a box of rocks!

This dumb fuck dweeb is selling a line of bullshit for his banking masters. I'll take Peter's advice and this guy can go jerk off during commercial break.

[abiggerdog]

don't think he should wear the gold colored tie, pushing a little too hard w/that

[brad462]

Turn off your tv stop feeding these morons.

[nwodoom]

CNBC>GE>GOV>ELITE ROTHCHILDS

[thedanhardy]

Think you have that backwards....

CNBC<GE<GOV<Elite Banksters

[poweroftheglory]

So we shouldn't listen to economics that are right because they make money on being right?

[twotwocharlie]

Dennis Kneale .....please reach down between your knees, grab yourself by your ears , and pull your head out of your ass !

[redbones01]

wth is this horse$hit

[Skunter]

Man the media is full of shit!!!!!!!

[DaveC86]

it blows my mind how people can't understand what peter is saying... are they so blind? i really don't get it.

[haserterr]

Peter speaks the truth and they try to make like he's anti American! Maybe if they all started to speak the truth our country wouldn't go down the toilet!

[LiveFreeOrDieNow]

Peter slayed this idiot.

The talking heads in the media are through.

Viva la revolucion!

[frontier1701]

LOL... Dennis Kneale is such a shameless media whore... he should go back to interviewing stars on the red carpet.. at least he was good at that.... He claims he has nothing to sell, yet all he does is sell the CNBC line of BS 24/7.... which, by the way, has 1 of the worst track records out there for years....

[weggingt]

"I'm bullish on america!" What a dork. What kind of a messed up show is this to take someone who was right. . . mock them before they get a chance to say anything by saying their motives are somehow related to some "Male" doomsayers contest and then . . . even then. . . not make a single valid argument against what the person is saying? Stupid.

[TekGremlin]

I am sure that guy wanted to make a hit piece, but I guess he is not so good at his job cause Peter owned him.

[RenegadeTimes]

And this is what media whores do . They sell the public hope and lies and deceit. Remember 4 corporations OWN ALL of the mainstream reporting and their agendas are always represented. The ruling elite want YOU to remain subservant to them and to do that they want you to stay on the gerbil wheel. It's easy math..too much money flooding ..inflation = huge inflation for the people. Prepare and turn off mainstream BS. Media whores = puppets for gov't and international corporations.

[delatroy]

owned

[mlndstream]

he is selling something, he's selling himself to keep his job, so he'll say what he needs to and keep it

[CelticReject]

Could someone tell me how one 'invests in China' I hear this time and again. What are they investing in? I've never understood this. Thank you.

[michaelpshipley1]

The easiest way is to become a client of a brokerage firm that specializes in Asian investments. Peter Schiff's firm, Euro Pacific Capital, is one of those firms. You need at least $50k to start. Otherwise just buy gold coins or bullion.

[Timbot2002]

Not true, I started with just $20K

[michaelpshipley1]

yes you can invest with less, but 50k is recommended by peter in order to create an efficient diversified portfolio. he recommends gold otherwise.

[delatroy]

stocks mainly, traded on the heng seng or shanghai indexs

[Ubreako]

Logic will tell you.....a jobless recovery is just wishful thinking.....pick up an economics text book....

[delatroy]

"Economics in One Lesson - Henry Hazlitt" arrived in the post today as recommended by Peter!

[auctionmusic]

Whatz the matter Dennis, ole Peter got you and yur croonies running for shelter?

Now your "full of bull" friends can't push their stocks on "the suckers" anymore.

The way you are trying to make Mr. Schiff look like a idiot has backfired. This video shows so clearly your true colors and your complete and total lack of understanding of anything economic. Its people like you Dennis that have caused today's problems....your not bullish on America Dennis, you are full of bull.....

[michaelpshipley1]

thanks for the upload! what a tool Kneale is. what a moronic clueless obnoxious panderer.

Kneale: "dude! i know your right but i get good ratings when i play the 'im a patriot' card."

good luck using your american flag as a parachute when you go over the cliff Dennis!

[Lordoctomonkey]

Wow, this guy is such a tard.

[thepassionateteacher]

you may not be selling anything, but you definitely are taking orders.

[Anythingwilldo41]

GO PETER!!!

[unworldlything]

CNBC is just insane.....