peter's latest awesome analogy, when discussing american government's policy of "a lil bit of inflation" he said "its like getting a lil bit pregnant" LOL cracked me up
Shorts are hitting this stock hard, should you be shorting it too?
Sirius XM Radio Inc. symbol SIRI is trading at 0.31 this stock is going down. It could be a good idea to shot this stock. Because it will NEVER, NEVER go up again.
Peter Schiff is stating common sense. I don't know how any economist can say that these bailouts will be profitable for the US treasury. You create malinvestments, you have to let the debt liquidate and not perpetuate it. I don't know why everyone is so crazy about these stimulus packages when all it's really doing is making the recession a lot bigger and destroying the greenback. If Obama doesn't learn economics, he will go down as another failure in a line of overhyped Presidents.
Great vid...My country is exactly the same...borrow borrow borrow. Fortunately though our govt has a surplus ( due mainly to resources boom, feeding China with our natural resources ), yeah literally billions in the bank, but this finanical crisis could change all that. China has slowed therefore they aren't buying at the same rate from us...The days of riding on China's back are numbered...The end of 2009 is going to be very different for all of us.
Right, there are millions that did not go into debt. Sadly, the majority did. Do you own your car? Do you own your house? Do you buy everything in cash at the store? Do you pay for gas in cash? If you charge any one thing, it is debt, regardless of you pay it back. If you do pay it back, god bless. However, many don't and they just rack the debt up. How many cars has the average American bought in the past 10 years? More than 1 I would bet... 1 car should = 20 Years... Too much consumption.
It doesnt matter, you still lose in the end. If Debt wont get you, unemployment, civil unrest, hyper-inflation, no retirement, or high-crime rate will get you in the end.
How many people live according to their means though? I mean who buys a house for cash or a car for cash anymore? It's not the norm. Most americans have debt of some form. Most people go bankrupt over medical bills in the states. The FED reserve doesn't help peoples savings with the INFLATION TAX, nor the IRS or State Municipalities by raising taxes. Our system is not sound, it's been on a decline since it's been introduced. We all loose when it goes up in smoke.
If you are an American citizen you are deep in debt due to our wonderful leaders. All of this great "stuff" the government has paid for, you are now in debt for.
At least he would play with his toys instead of blowing up the economy... hahhaaha
bigaussiejim 2 years ago 5
GO SCHIFF
Take down Dodd in 2010
be2112 2 years ago
peter's latest awesome analogy, when discussing american government's policy of "a lil bit of inflation" he said "its like getting a lil bit pregnant" LOL cracked me up
jsyn1230 2 years ago
Shorts are hitting this stock hard, should you be shorting it too?
Sirius XM Radio Inc. symbol SIRI is trading at 0.31 this stock is going down. It could be a good idea to shot this stock. Because it will NEVER, NEVER go up again.
Jfkennedy62 2 years ago
I'm glad Schiff knows how to dumb things down to the level that most people can understand!
Go Schiff!
Ron Paul, Peter Schiff, Andrew Napolitano...All great men...
ZeLVaR 2 years ago 8
Ron Paul, Peter Schiff, Andrew Napolitano.
President, Secretary of the Treasury, AG.
goodinohio 2 years ago 2
well done!
zeusvalentine 2 years ago
6:40.... awesome... great video!!!
Kevin17761984 2 years ago
watch?v=5VO-DdWtaNY&feature=channel_page
DraceAmar 2 years ago
he has to use Analogies for all you fucking stupid people.....
americafirst101 2 years ago 28
that is the true problem, the idiocy of the common man
dunesandcoons 2 years ago 13
Trust is a Human virtue. Blind trust is dangerous.
"Cheat me once, shame on you.........Cheat me twice, shame on me".
Where have I heard that mis-quoted before ?
janmarsh 2 years ago
George War Bush AKA The Smartest President/Puppet of the United States of America.
Gaobdgao 2 years ago
Peter could have continued with that last desert island analogy.
The fat American then turns nasty & begins to steal & extort from the Asians.
janmarsh 2 years ago 3
I thought that story was going to end like Hansel and Gretel, with the Asians having the fat American for dinner.
renrutal 2 years ago 4
I think asians only eat meat not FAT....
Gaobdgao 2 years ago 2
He does in his book: Crashproof.
Individualism101 2 years ago
LOL, Peter Schiff enjoys his heroin. Great clip.
Intervene 2 years ago
Awesome analogies.
vassilischr 2 years ago
Seriously. At least we can find some humor in all the insanity
icfnord 2 years ago
This has been flagged as spam show
thanks for doing this!!
matthewrispoli 2 years ago
Looks like American's are going to learn the hard lesson, a very very very painful lesson.
The playing field will be a very even.
wellingtonian 2 years ago
Does this guy have an analogy writer. lol
This guy is awesome.
Buckeyes1647 2 years ago 10
lol (6:34)!!!
tell Henry to shut up and play with himself!!! lol
ParapaDrifter 3 years ago 2
schiffbomb. com
maraljan 3 years ago
schiffbomb. vcom
maraljan 3 years ago
Peter Schiff is stating common sense. I don't know how any economist can say that these bailouts will be profitable for the US treasury. You create malinvestments, you have to let the debt liquidate and not perpetuate it. I don't know why everyone is so crazy about these stimulus packages when all it's really doing is making the recession a lot bigger and destroying the greenback. If Obama doesn't learn economics, he will go down as another failure in a line of overhyped Presidents.
baird007 3 years ago 7
Great vid...My country is exactly the same...borrow borrow borrow. Fortunately though our govt has a surplus ( due mainly to resources boom, feeding China with our natural resources ), yeah literally billions in the bank, but this finanical crisis could change all that. China has slowed therefore they aren't buying at the same rate from us...The days of riding on China's back are numbered...The end of 2009 is going to be very different for all of us.
Listen to Peter and you can't go wrong :-)
MonkeyInAHumanSuit 3 years ago 2
I just can't get enough of Peter Schiff...
alkatifa04 3 years ago 2
Me too. You already feel America has gone completely wrong, and Schiff comes along and explains why, without liberal socialism
unhappyview54 3 years ago 2
Guys, please you must watch it before that you judges us! go to yotube search for - Pallywood
search for - Pallywood
anna1111777 3 years ago
This is amazing. I look forward to a part two.
kentafan123 3 years ago 2
Right, there are millions that did not go into debt. Sadly, the majority did. Do you own your car? Do you own your house? Do you buy everything in cash at the store? Do you pay for gas in cash? If you charge any one thing, it is debt, regardless of you pay it back. If you do pay it back, god bless. However, many don't and they just rack the debt up. How many cars has the average American bought in the past 10 years? More than 1 I would bet... 1 car should = 20 Years... Too much consumption.
Paulintheoh8 3 years ago 2
There are millions of Americans that did not go into debt, Peter.
averageworkinggal 3 years ago
It doesnt matter, you still lose in the end. If Debt wont get you, unemployment, civil unrest, hyper-inflation, no retirement, or high-crime rate will get you in the end.
jehnubis 3 years ago 2
How many people live according to their means though? I mean who buys a house for cash or a car for cash anymore? It's not the norm. Most americans have debt of some form. Most people go bankrupt over medical bills in the states. The FED reserve doesn't help peoples savings with the INFLATION TAX, nor the IRS or State Municipalities by raising taxes. Our system is not sound, it's been on a decline since it's been introduced. We all loose when it goes up in smoke.
KarasCyborg 3 years ago 3
If you are an American citizen you are deep in debt due to our wonderful leaders. All of this great "stuff" the government has paid for, you are now in debt for.
raysstockworld 3 years ago 2
Thanks for putting this together. This is awesome!
rci2145 3 years ago
Great Vid. Peter Schiff is the man. Can't say we didn't know. Seems to me they really don't want to solve the problem.
Kythma 3 years ago