Peter Schiff Flash Back November 28th 2005 - Gold, Inflation, Interest Rates, Debt, Consumption

[sha370z]

an added advantage for the sale man was that stockton CA had the highest rate of illiteracy

in the united states .half their clients could not even read the mortgage contract

[sha370z]

stockton CA was one of the locales that pioneered the early development of the ninja mortgage

that No income, No job ,No assets

[sha370z]

bush was in stockton CA. 2000,2001 and 2006 .home that where $700,000 now $100,000

page 121 of the book the inside story of the collapse of lehman brothers stockton CA

was subprime nirvana

[tonybaloni1]

Funny how you can see Lehman Brothers trading at $127 on that day.

[becij13]

omg...see clever sounding people are dickeads too....peter ur a knowledge guru!

consumer debt not high!!! i think the last i heard it averaged out at $131,000 per tax payer in the us....americans when are u guna wake up! stop listening to idiots who know no other way but to spend their way out of debt....i cant believe adults believe that will work!

[ItsAllAboutGuitar]

These guys should have Peter back and apologize, thank him, and kick themselves for not buying gold and missing out on nearly quadrupling up. But they're chicken, they won't do it. MAN UP!

[trick29420]

Yeah, real healthy guy. FOOLS. All of 'em been duped.

[trick29420]

ddeeeeeeerrrrrrrrrrrrrrrrrrrrr­rrrp.



[Gurigonzalez]

was past $1900. now $1856. Who cares????

[idricool]

@Gurigonzalez It's going to hit 2000$

[hilife717]

1750 oh yeah

[akaee]

"Who cares about the price of gold?"

lol !!!!!!!!!!

at 3"28' gold 494 USD

today's (six years later) price 1660 USD

[ecnerwal999]

LIBERTARIANMONARCHY . COM

[sha370z]

people had 9 home loans in five states

[Szeven85]

Peter should go back to this humility and restraint. His recent arrogance is getting a bit old

[jolsteiner]

Peter Schiff is one of those extremely rare Americans with a clear mind. I am simply stunned about the fact that there is one American like him because I frankly was not expecting to ever know of an American like him. He is the kind of American that should be running the country. The USA would be a lot better off if it had presidents and senators like Peter Schiff. Long live Peter Schiff.

[FiftyOneDegreesNorth]

Peter sounds very softly spoken back then. He is morphing into a superhero, in another year he'll walk into the studio tell it like it is and anybody who speaks back he'lll beat to the floor with a Von Mises book.

[skitsofrantic]

"I'm not going to look at the Governments Phony Numbers." 2:40-3:00

Peter Schiff is the man. This video is awesome.

[metropool]

this was back when they just had him on to make him look foolish(so they thought) they didnt realize that they had allowed a truth teller, soothsayer onboard the US Bullsh*t program- it really sad that Keynesianism has been taught for decades in university in order to perpetuate the backwads azz policies of the federal reserve, in order to continue the indentured servitudeof the Amercian populace through debt- only a very few critical thinking persons have seen through the BS

[2237lemon]

havn't seen too many videos of schiff before 2006,: it's cool to see some even further back calling the inevitable while everyone else is still drunk. He's like the designated driver of a busload of economic lushes.

[howierobbery]

GAHAHAHAAHa .... CNBC worst ancors EVER !

[bobby4500]

lol in 2005 the price for gold was soooooooooooooo low

[bjarnet3]

LUL !

[cozubas]

Peter Schiff is the only one that see it clear !

[healthhavencom]

Typical Peter Schiff video...

Peter says "2 + 2 = 4" and then everyone else freaks out.

[drow809]

Why are these guys so reluctant to believe him

?

[Krampfarsch]

damn, i thought i know every one of peters videos, why didnt i know this one?!!

[7beers]

It's so funny how in video after video, Peter does nothing but state basic economic principles, and everyone reacts like he's some kind of nutcase!!!

[casienwhey]

its amazing how one guy can be so right and the rest of the panel completely wrong.

[cneal0789]

"thats F.D.I., lets agree on a definition of F.D.I"... Liesman is a phony economist spewing propaganda for Jeff Imelt and the NY FED!!!!

[gnuochtapir]

funny to see that the gold price has doubled since this show :)

Peter FTW!

[dellamalo]

"borrowing 6.3% of GDP" Haha what are we at now? 10.5% + of GDP

[jjrglobal]

Peter must feel like Rodney Dangerfield, NO RESPECT YA KNOW

[insertthissideup]

Peter Schiff rocks!

[lovedalord88]

That was amazing, Wow.

[AristophanesNow]

The dumb bald guy is dumb and bald.

[jeremyraybrown]

@AristophanesNow You forgot ugly as well

[jolsteiner]

@AristophanesNow I totally agree. He is totally a great big dumb guy.

[ocsspot]

Great video.. Peter is great..

And these anchors, reporters, actors - whatever you want to call them, are the ones on our top/most popular media/news shows. "Reporting" to the people whats going on.. So sad.

[directorwillie]

this was in 2005... in the end peter schiff was right, bottom line,

nuff said.

[valeo626]

economics opened my eyes to how phony the government and media are. now i'm in wonderland... 9/11, the fed, globalism. scary stuff

[Peter4Senate]

These idiots should be sacked. Especially the douche bag saying "who cares about the price of Gold" cocky bastard.

[Muziqstar]

They are all eating their words now. lol I betcha he wishes he was buying gold then. it was 493.00 when this vid was made. Good job! Suit and tie morons don't even realize gold is money. DOOFUS!

[imre1000]

They still havent realised what's going on and probably won't for a very long time...

[disciple90633]

Mark Haines is not just a "little confused", he is a complete and utter idiot. LOL I laughed when he said "Who cares about the price of gold? I don't buy gold". I love it when Schiff answers "You WILL care".

As usual, it's Peter Schiff schooling 2 complete idiots.

[bluewaterjimmy]

Great Vid!

[pronginator]

This video should have 1 million hits by now. Keep this in mind as he speaks in present day before you discredit him

[EndTheFedRes]

Peter EDUCATE these IDIOTS. Unbelievable.

How can we sustain propetual borrowing when our GDP is propetually shrinking?

You DONT need to be a Keynesian major to figure that one out. Fuc@#$% Idiots!

[madmaxit2]

They really need to play this clip on "B.S. Box" and acknowledge Peter Schiff.

I find it really strange How Liesman( I think it was ) got really defensive and started attacking Peter and trying to make him wrong.

Amazing, thanks for posting.

[secretarul]

Plain and simple !

[cabtrom]

What is so silly is that everyone thinks that he is some kind of future teller when in fact he is nothing of the sort. He is simply applying common sense that is what makes him so brilliant.

[farhadcoyote]

Who is this bald guy? what is his name? Fucking moron? I still see him on fox news. And I still see him trying to debunk Peter Schiff even today. Sometimes I wonder why Peter bothers o appear on these shows.

[abirch300]

Who cares? The idiocy blows the mind

[abirch300]

Steve Liesman is the poster boy for Keynesians. Spend some more! Print some more!! Prime the pump!...reminds me of "We don't need no education...put another brick in the wall." fools

[davincij15]

A humble Peter Schiff in 2004 now he stands up for himself and his knowledge.

[frugalite]

This is one hell of a smart guy,it's not easy at all to be dead on on so many things years ahead of time.

[ILovelisanova]

thanks for posting, good vid

[libertyeconomics]

The commentators on here don't get it. He says he doesn't care about the price of gold, but not the price of milk. The thing of it is, if value of the dollar goes down, he won't be able to buy all that milk he wants with those dollars.  He will need the GOLD to BUY THE MILK.

[deadman12078]

Good call Peter.

[h050911]

The way I see it - this was the beginning of the kondratieve wave depression. Any thoughts on how long it will last ~ 5 years in - maybe another 10-15?