He's being laughed at because he's correct. Notice how they hardly ever talk about how often he's been right. It's just a game these people play, they disguise a propaganda program for news. Every other major network does it.
#3 While I agree with peter on his thesis that inflation is definitely coming and that global growth stock are the best way to play that. I dont think it will be as bad as he thinks it will be. I think Gold has an outside possibility of going to $3000, Remember, US debt is considered the safest investment to the world, and the world has to put their money somewhere, and in times of panic the US dollar and US treasuries is where the money flows, just look what happened at the end of 08.
#2 Peter said that hyperinflation wont happen in 2010, then 2 weeks later, (See his videos on youtube) i think it was Janurary 4th, he said the dollar will drop 75% in 2010, What changed in 2 weeks?
I think Peter Schiff is off base. #1 China's currency is pegged to the dollar. The reason why is because the US is one of the biggest buyer of their goods. If they let their currency appreciate, it will be very expensive for china to export to the US. So I dont think they will let their currency appreciate, that will give support to the dollar.
Great quote from a great American. Can you reference it for me?
There is no doubt that THE FOUNDERS of this great country would be appalled by what has happened. It is a shame that we violate their constitution almost without thinking.
We are so fortunate that these great men came together at the right time under the right circumtances to create this great nation. It is unfortunate that they could not see that the career politicians would ultimately wreck it.
This comment has received too many negative votesshow
Schiff is a dumbass!! He correctly saw the crash coming and then invested like such a giant idiot that he lost 70% of his portfolio. How stupid is that? Really freakin' stupid!!!!
i HATE that smug greaseball in the top-left. haha look at him half-shaking/half-nodding his head like a fuckin basketcase around 3:33...i'd sure like to see his qualifications if they exist. jesus christ, these dumb kids are so full of their shitbrained selves it's comical.
I guess nobody in the government seems to take any of this information Peter's offering seriously, especially after announcing that they're offering unlimited financing to Fannie and Freddie - causing the value of the dollar to devalue from overcirculation and Treasuries to become less attractive over time. I can't stand to watch CNBC anymore since most of their staff looks with a blind eye and listens with deaf ears to promote a misconception of the economy rather than the inevitable reality.
@ 1:30 oh no I don't see any hyperinflation; these guys deny it cuz they all got pay raises to keep up. Prices have tripled to quadrupled since 1999, the real date of economic crisis. When gasoline prices tripled so did auto parts, when gas price cut in half auto parts did not. This last year the cheapest soap cleaner went up 50% from $4 to $6. Now we only want to sell/service the rich and screw everyone else. Face it, the majority lose in America & to put on a "contest" is diversion of tyranny
@shahen13: Just because he make the right prediction does not mean that he needs to set up a hedge fund betting against the housing market. Fact is Peter SChiff is right. And once the Banks are moving their money out of the interbank market into public market we will see a hyperinflation. Ben Bernanke runs the US and the rest of the world into big trouble.
This comment has received too many negative votesshow
Peter Schiff is an idiot. He correctly saw the economic meltdown coming and then stupidly proceeded to invest such that he lost 70% of his portfolio. That is like a physician correctly diagnosing a patient with heart disease and then stupidly prescribing flu medication. What a dumb douchebag!!!
Google "Hooverville" - you will see that Schiff is proposing exactly what Hoover did and what prolonged the great depression. Peter Schiff is really stupid and I can't believe how many people are falling for his bullshit.
he earns money from the decisions he made , based on his macroeconomic predictions, while you post your pointless shittalk on youtube. Who is stupid here?
US used to teach economics in public schools, no longer. Liberal agenda does not work if you understand economics.
Listen to Schiff "Buy Gold!" 60 years ago you could take a $20.00 gold piece and walk into the finest mens clothing store in NYC and buy a 3 piece suit, and have enough left to then go have a steak dinner. That same $20.00 gold piece will still buy that! Inflation is the key word here sheeples.
Gotta hand it to the future Senator. He really has patience to still be talking with those imbeciles at CNBC. His ty at the end must have been masking a "this is like talking to a puddle in a rainstorm" under his breathe.
Not trying to focus on you per se, just want to say I'm a big supporter of Peter Schiff...but if we go after his interviewers I fear we will make it more difficult for him to get his message out. Maybe I'm wrong in that a little pressure from us to treat him better is a good thing...but let's not totally take off the gloves.
It is good to see they are treating him with more respect at least. That is a good sign....I sure hope he can get elected. I admire the way he never makes it personal and just goes to the issue, and wins the argument every time it seems. He has that trait in common with Ron Paul, but he is even more articulate than the Doctor. Exciting times.
For the record, inflation is an added TAX on the middle class. Maybe some people could grow half a brain and learn something about economics. It's obvious that our government is killing our economy. Keynesian economics is what we are supposed to have in times of recession. Low taxes and low government spending. Spending is out of control and they are contemplating raising taxes to unprecedented levels.
Up is down. It's more obvious than ever that this is a contrived crisis.
Of course its a contrived crisis, in a recession wealth isn't destroyed, its merely transferred from the rich to the poor...also you need to look beyond your government - start with the 11 families that own the federal reserve - and realise that all of these money shows ar BULLSHIT - the fed lends money to the govt (people) and charges interest - to pay this back the govt (people) need to borrow more money etc etc its perpetual debt and ultimately means slavery ...on the back othe dollar youll..
**from the poor (middle class to the rich I mean)...** anyway on the back of the dolar billl youll see the pyramid and all seeing eye - the bankers/fremaasons/illumnati are trying to create a one world govt - and install an anti christ as its leader - the financial crises are only stepping stones to this....(was only messing about the wheelchair by the way ;) )
Fast Money is the wrong venue for Peter's message. Look at the title of the show. These are traders looking to make a quick buck. They look for minute changes in stocks, bonds, etc. and time their buy and sell so they make a few thousand here and few thousand there. DO NOT listen to these guys for health on the economy or long term investment advice. You will go bankrupt just like if you listened to the gov't or the Fed for investment advice.
who cares about the long term when you can make 100% returns in a few months. following chairman bernanke's and wall street's money trail is exactly what you should have done since march, and you would have made 100%+ returns.
peter schiff has been predicting a financial crisis since 2002, if you listened to him and shorted the market back then, you would most likely be dead, since the crisis didn't hit until the end of 2007.
guy adami and joe terranova both predicted back in march/april that the s&p500 would go above 1,100 within the next 3-6 months, and they were completely right.
the stocks or groups they picked were also completely right. therefore, you would not have gone bankrupt if you had taken their advice in march.
as an investor, the worst thing to have is "confirmation bias". just because what the fed doing MAY not be beneficial in the long run does NOT mean there aren't trading opportunities around.
Peter, my man, you continue to go on these shows comprised of idiots trying to "trade" in and out of the market, and who have no understanding of economics and try to talk sense into them (like the guy in the top left box asking you about hyperinflation). WHY DO YOU DO IT? they're slow and nothing you say is gonna change that. It's like trying to explain sex to a virgin, you just can't do it. Go talk on bloomberg and bbc. stay away from fast money the show is bad for your reputation.
That tool acting like he caught Peter when he's like "You understand that hyperinflation means 50% inflation." He doesn't what to argue so he tries to pull out obscure pragmatics.
I woke up today and saw the healthcare bill pass on a 60/39 vote.....you know the best thing about living in a country run by the financially retarded is that it is easy to plan investments around the inevitable inflation and socialistic views of the ever predictable democratic party. The funny thing is that 4 out of 5 financial investors can't seem to see this...hence the comment about financial retardation. If
@micbaca You can plan and hedge against this government but you can only do that with limited disposable funds. Also, there is no way to escape the debt and inevitable taxation. The only real escape is to physically move out of the country, which I may consider doing depending on how the political landscape finishes up next year.
Yeh whats unfortunate is that we'll see deflation before hyperinflation, and that will make people think those crying out inflation dont know what they're talking about...
but by then it'll be too late.
What people dont understand is the time factor in economics.
In 07 the economy was fuckin sunshine and rainbows, but thats exactly why it crashed in 08. Its funny when you think about it, the average person always looks in the rear view mirror and thinks :) everythings fine.
what would you rather have, a loaf of bread or 1 million dollars? Well if the loaf of bread is worth 5 hundred million dollars as it is in Zimbabwe, what then?....thats what it means, and it will happen in 2012....
Read my post. My post stated that inflation is slated to go to 200% next year according to a trends researcher. The man on the video stated that hyperinflation starts at 50% inflation. I stated that 1,000,000% inflation would be absolutely horrific. I alluded to the possibility of the dollar going to ZERO VALUE. I ASKED what would that indicate? Try to answer it again.
I'll answer it for you. It means the collapse of Western Civilization...
Duh. Inflation is a cancer on the middle class, if youre question was "Eh, herro, my name is fuckwit mcfuckster, ehh, what would aids do to my penis?" I think I would have given it more respect. Grow up and stop being so fuckin retarded. WHAT WOULD THAT INDICATE??
There are two definitions for "inflation." The one they usually use on these money networks is "an increase in prices." The definition that Peter Schiff uses is "an increase in the money supply."
Wouldn't that just be the RESULT of inflation, rather than the definition for it?
I think both sides agree that devalued currency is the result. I don't think that both sides agree on whether inflation should be measured by rising prices, though.
devaluation of a currency is another way of saying inflation. One and the same. For instance, the more dollars are printed and put into circulation, the less each one is worth. That is devaluation of currency. One could look at the price of things and say "wow inflation is up, we must be really making less widgets" when really it is just more dollars circulating, making them worth less each.
The difference, as I see it, is that looking at "price" is like looking in the rear-view mirror.
WHY did prices go down?
Obviously, you're hip enough in economics to understand that a greater number of units of exchange mean less when the number of things to BE exchanged hasn't changed.
I'm definitely of the opinion that knowing things ahead of time is more useful than just catching up, afterwards.
INFLATION happens when TIN is MIXED in your SILVER. That's what the FEDERAL RESERVE does to your SILVER when they PRINT MONEY out of thin air;the FEDERAL RESERVE debases your currency;they CHEAT; they STEAL your wealth;they hurt the poor.They think we are not SMART enough to know the truth. The Federal Reserve is an evil slavemaker & Americans its slaves.
America is a nation of unjust weights & measures & injustice toward the unborn. Payback is gonna be BAD.
This has to be the funniest Fast Money with Peter I've ever seen. Everyone has this annoyed look on their face as if Schiff is still drinking his drugged purple kool-aid.
All these so-called financial pundits think only about the short-term and what is happening now. Did these people study Finance in school? What are their credentials? I'm sick of them badgering Schiff as if he has no credibility.
That's the problem; they learned financing (Keynsian style) in school!
Anyway, their job is not to warn people about what the government is doing to their wealthy, they are there to sell their products so THEY become more wealthy. Peter is selling his own stuff, but at least he chose to sell something that benefits his clients based on Austrian principals.
Look at these fools. I'm speechless. Clearly they have no sense of economic history. Peter schools that idiot on historic hyperinflation happening during times of high unemployment.
chairman bernanke has his inflation +5000% warheads armed on his raytheon paveway IV missiles and hes sending right up the shorts of american taxpayers as an x'mas gift. it won't detonate until after the new year though and there will be no collateral damage - only the american taxpayer will take a direct hit and die.
35 You shall do no wrong in judgment, in measurement of weight, or capacity. 36 You shall have just balances, just weights, a just ephah, and a just hin; I am the LORD your God, who brought you out from the land of Egypt. 37 You shall thus observe all My statutes and all My ordinances and do them; I am the LORD. LEVITICUS 19:35-37
INFLATION happens when TIN is MIXED in your SILVER. That's what the FEDERAL RESERVE does to your SILVER when they PRINT MONEY out of thin air. It's coming. Trust PS.
Peter is correct, why are these idiots looking at him like the RCA Dog?
Almost as though Liberalism is the rationalizing tool to fix anything it broke....too funny!
PoorMansPlato 1 year ago
Peter Schiff has been laughed at many times for the past 5-6 years, but every time it has been proven that he was correct.
bensontam 2 years ago
@bensontam
He's being laughed at because he's correct. Notice how they hardly ever talk about how often he's been right. It's just a game these people play, they disguise a propaganda program for news. Every other major network does it.
kosai19 1 year ago
#3 While I agree with peter on his thesis that inflation is definitely coming and that global growth stock are the best way to play that. I dont think it will be as bad as he thinks it will be. I think Gold has an outside possibility of going to $3000, Remember, US debt is considered the safest investment to the world, and the world has to put their money somewhere, and in times of panic the US dollar and US treasuries is where the money flows, just look what happened at the end of 08.
longtrader782 2 years ago
#2 Peter said that hyperinflation wont happen in 2010, then 2 weeks later, (See his videos on youtube) i think it was Janurary 4th, he said the dollar will drop 75% in 2010, What changed in 2 weeks?
longtrader782 2 years ago
I think Peter Schiff is off base. #1 China's currency is pegged to the dollar. The reason why is because the US is one of the biggest buyer of their goods. If they let their currency appreciate, it will be very expensive for china to export to the US. So I dont think they will let their currency appreciate, that will give support to the dollar.
longtrader782 2 years ago
@mba2000du
Great quote from a great American. Can you reference it for me?
There is no doubt that THE FOUNDERS of this great country would be appalled by what has happened. It is a shame that we violate their constitution almost without thinking.
We are so fortunate that these great men came together at the right time under the right circumtances to create this great nation. It is unfortunate that they could not see that the career politicians would ultimately wreck it.
666sigma 2 years ago
This comment has received too many negative votes show
Schiff is a dumbass!! He correctly saw the crash coming and then invested like such a giant idiot that he lost 70% of his portfolio. How stupid is that? Really freakin' stupid!!!!
shahen13 2 years ago
I think when these guys loose money on the day from their trades they like to take it out on Peter.
zappos49 2 years ago
i HATE that smug greaseball in the top-left. haha look at him half-shaking/half-nodding his head like a fuckin basketcase around 3:33...i'd sure like to see his qualifications if they exist. jesus christ, these dumb kids are so full of their shitbrained selves it's comical.
mistermayy 2 years ago 3
I guess nobody in the government seems to take any of this information Peter's offering seriously, especially after announcing that they're offering unlimited financing to Fannie and Freddie - causing the value of the dollar to devalue from overcirculation and Treasuries to become less attractive over time. I can't stand to watch CNBC anymore since most of their staff looks with a blind eye and listens with deaf ears to promote a misconception of the economy rather than the inevitable reality.
slvrserfr 2 years ago 4
@ 1:30 oh no I don't see any hyperinflation; these guys deny it cuz they all got pay raises to keep up. Prices have tripled to quadrupled since 1999, the real date of economic crisis. When gasoline prices tripled so did auto parts, when gas price cut in half auto parts did not. This last year the cheapest soap cleaner went up 50% from $4 to $6. Now we only want to sell/service the rich and screw everyone else. Face it, the majority lose in America & to put on a "contest" is diversion of tyranny
MalibuCornelius 2 years ago
I can see inflation at 10%, not 50%. Also Bernanke wont raise rates enough because he wont want to hurt Obama's re-election
gaguy1967 2 years ago
You are missing the point - he should not have lost anything in 2008 since he saw the crash coming. That's what makes him stupid!!!
shahen13 2 years ago
@shahen13: Just because he make the right prediction does not mean that he needs to set up a hedge fund betting against the housing market. Fact is Peter SChiff is right. And once the Banks are moving their money out of the interbank market into public market we will see a hyperinflation. Ben Bernanke runs the US and the rest of the world into big trouble.
wsdmia 2 years ago
This comment has received too many negative votes show
Peter Schiff is an idiot. He correctly saw the economic meltdown coming and then stupidly proceeded to invest such that he lost 70% of his portfolio. That is like a physician correctly diagnosing a patient with heart disease and then stupidly prescribing flu medication. What a dumb douchebag!!!
shahen13 2 years ago
@shahen13 He recovered more than what he lost in year 2008 in year 2009.
truevoice08 2 years ago
Google "Hooverville" - you will see that Schiff is proposing exactly what Hoover did and what prolonged the great depression. Peter Schiff is really stupid and I can't believe how many people are falling for his bullshit.
shahen13 2 years ago
i googled it. whats your point?
Krampfarsch 2 years ago
@shahen13
... hoover demanded massive government spending. Schiff is advocating for massive government contraction.
You're nuts
evangrogers 2 years ago
he earns money from the decisions he made , based on his macroeconomic predictions, while you post your pointless shittalk on youtube. Who is stupid here?
panzerny 2 years ago 2
US used to teach economics in public schools, no longer. Liberal agenda does not work if you understand economics.
Listen to Schiff "Buy Gold!" 60 years ago you could take a $20.00 gold piece and walk into the finest mens clothing store in NYC and buy a 3 piece suit, and have enough left to then go have a steak dinner. That same $20.00 gold piece will still buy that! Inflation is the key word here sheeples.
ps; observation (one vs three? was up wit dat?)
genusrightwingus 2 years ago
Gotta hand it to the future Senator. He really has patience to still be talking with those imbeciles at CNBC. His ty at the end must have been masking a "this is like talking to a puddle in a rainstorm" under his breathe.
maskedphrogg 2 years ago 2
Not trying to focus on you per se, just want to say I'm a big supporter of Peter Schiff...but if we go after his interviewers I fear we will make it more difficult for him to get his message out. Maybe I'm wrong in that a little pressure from us to treat him better is a good thing...but let's not totally take off the gloves.
tacitus7 2 years ago
No need to back off.
I don't take your words personally, you weren't commenting on me or my actions in particular.
The folks at CNBC have been getting bashed for their backwards prosperity destroying opinions for years.
Whether they are adult enough to take constructive criticism is their problem not ours.
maskedphrogg 2 years ago
It is good to see they are treating him with more respect at least. That is a good sign....I sure hope he can get elected. I admire the way he never makes it personal and just goes to the issue, and wins the argument every time it seems. He has that trait in common with Ron Paul, but he is even more articulate than the Doctor. Exciting times.
tacitus7 2 years ago 3
For the record, inflation is an added TAX on the middle class. Maybe some people could grow half a brain and learn something about economics. It's obvious that our government is killing our economy. Keynesian economics is what we are supposed to have in times of recession. Low taxes and low government spending. Spending is out of control and they are contemplating raising taxes to unprecedented levels.
Up is down. It's more obvious than ever that this is a contrived crisis.
Prepare..
radiospirit 2 years ago
Of course its a contrived crisis, in a recession wealth isn't destroyed, its merely transferred from the rich to the poor...also you need to look beyond your government - start with the 11 families that own the federal reserve - and realise that all of these money shows ar BULLSHIT - the fed lends money to the govt (people) and charges interest - to pay this back the govt (people) need to borrow more money etc etc its perpetual debt and ultimately means slavery ...on the back othe dollar youll..
tiarnan76 2 years ago
**from the poor (middle class to the rich I mean)...** anyway on the back of the dolar billl youll see the pyramid and all seeing eye - the bankers/fremaasons/illumnati are trying to create a one world govt - and install an anti christ as its leader - the financial crises are only stepping stones to this....(was only messing about the wheelchair by the way ;) )
tiarnan76 2 years ago
Fast Money is the wrong venue for Peter's message. Look at the title of the show. These are traders looking to make a quick buck. They look for minute changes in stocks, bonds, etc. and time their buy and sell so they make a few thousand here and few thousand there. DO NOT listen to these guys for health on the economy or long term investment advice. You will go bankrupt just like if you listened to the gov't or the Fed for investment advice.
harveybirdmannequin 2 years ago 2
who cares about the long term when you can make 100% returns in a few months. following chairman bernanke's and wall street's money trail is exactly what you should have done since march, and you would have made 100%+ returns.
peter schiff has been predicting a financial crisis since 2002, if you listened to him and shorted the market back then, you would most likely be dead, since the crisis didn't hit until the end of 2007.
trinomialtree 2 years ago
guy adami and joe terranova both predicted back in march/april that the s&p500 would go above 1,100 within the next 3-6 months, and they were completely right.
the stocks or groups they picked were also completely right. therefore, you would not have gone bankrupt if you had taken their advice in march.
as an investor, the worst thing to have is "confirmation bias". just because what the fed doing MAY not be beneficial in the long run does NOT mean there aren't trading opportunities around.
trinomialtree 2 years ago
Excuse me?
I fail to see how there can be any venue that is wrong for Peter Schiff's message.
maskedphrogg 2 years ago
End verbiage (scrolling faster than any mind can read)
Simplified version; For legal purposes this is comedy
OghamTheBold 2 years ago
I like how dumbfounded the panel looks. They comprehend, but refuse to believe.
EnnesX 2 years ago 3
Peter does it for the lulz.
Anon1696 2 years ago
Peter, my man, you continue to go on these shows comprised of idiots trying to "trade" in and out of the market, and who have no understanding of economics and try to talk sense into them (like the guy in the top left box asking you about hyperinflation). WHY DO YOU DO IT? they're slow and nothing you say is gonna change that. It's like trying to explain sex to a virgin, you just can't do it. Go talk on bloomberg and bbc. stay away from fast money the show is bad for your reputation.
stuck8706 2 years ago
lol why do they have him on if they dont actually listen to him. He's always been right. Let the cows jump off a cliff Peter.
mrpatience2007 2 years ago
That tool acting like he caught Peter when he's like "You understand that hyperinflation means 50% inflation." He doesn't what to argue so he tries to pull out obscure pragmatics.
firstade86 2 years ago
Yeah, you can see it on his face. He tried to trap him into commiting himself to a 'gotcha'.
That woman seemed pretty pissed and unprofessional, too.
Here's where I need some school: doesn't "widening of credit" have the same effect as printing more money? Aren't they the exact same thing?
selfrealizedexile 2 years ago
I woke up today and saw the healthcare bill pass on a 60/39 vote.....you know the best thing about living in a country run by the financially retarded is that it is easy to plan investments around the inevitable inflation and socialistic views of the ever predictable democratic party. The funny thing is that 4 out of 5 financial investors can't seem to see this...hence the comment about financial retardation. If
micbaca 2 years ago 3
I think then we must do something my friend.
Chslosers 2 years ago
@micbaca You can plan and hedge against this government but you can only do that with limited disposable funds. Also, there is no way to escape the debt and inevitable taxation. The only real escape is to physically move out of the country, which I may consider doing depending on how the political landscape finishes up next year.
EnnesX 2 years ago
Which countries should we consider?
30amus 2 years ago
When in the years ahead, in the next decade, the inflationary problems become virulent, remember this video.
Hopefully by then Schiff will be discussing (or should I say, teaching) these matters from the Senate floor.
Bezwaar123 2 years ago
The original definition:
Inflation: The increased use of paper currency, not warranted by the security or other circumstances.
The American Dictionary of the English Language 1899
mustang607 2 years ago
what gets to me are these economic morons, who think they can outsmart peter schiff on the current and future economy/market of this country
Dajuhan2u 2 years ago
They all seemed rather polite to Peter this time around. They must of got educated on the markets.
Peters da man!
dreadz808 2 years ago 6
Yeh whats unfortunate is that we'll see deflation before hyperinflation, and that will make people think those crying out inflation dont know what they're talking about...
but by then it'll be too late.
What people dont understand is the time factor in economics.
In 07 the economy was fuckin sunshine and rainbows, but thats exactly why it crashed in 08. Its funny when you think about it, the average person always looks in the rear view mirror and thinks :) everythings fine.
audiohi 2 years ago
arrest Geithner Bernanke Paulson
marniespeaks 2 years ago 3
Don't forget the other thousands in office.
Pepsifx357 2 years ago
the guy questioning him on hyperinflation looks really pissed. he must be super-long the dollar :)
MattyS54 2 years ago
Peter Schiff is not a Christian, though.
CountArtha 2 years ago
Awesome responsive answer for karen at 4:01. Ben Bernanke hasn't done anything right yet and has to change his tune.
BanGovernment 2 years ago 6
Bob Chapman said it would be at least 3 to 1...
That's 200% inflation...
50% would be almost tolerable...
How about 1,000,000% .... ughhh...
Dollar going to zero? What does that indicate?
radiospirit 2 years ago 4
what would you rather have, a loaf of bread or 1 million dollars? Well if the loaf of bread is worth 5 hundred million dollars as it is in Zimbabwe, what then?....thats what it means, and it will happen in 2012....
tiarnan76 2 years ago
Read my post. My post stated that inflation is slated to go to 200% next year according to a trends researcher. The man on the video stated that hyperinflation starts at 50% inflation. I stated that 1,000,000% inflation would be absolutely horrific. I alluded to the possibility of the dollar going to ZERO VALUE. I ASKED what would that indicate? Try to answer it again.
I'll answer it for you. It means the collapse of Western Civilization...
radiospirit 2 years ago
Duh. Inflation is a cancer on the middle class, if youre question was "Eh, herro, my name is fuckwit mcfuckster, ehh, what would aids do to my penis?" I think I would have given it more respect. Grow up and stop being so fuckin retarded. WHAT WOULD THAT INDICATE??
tiarnan76 2 years ago
Why do all of the morons of this world respond to my posts.
I have ceded the podium to you...
Do carry on...
radiospirit 2 years ago
40 years or 40 months?? I cant believe someone as old as you could be so cerebrally challenged...you should buy a wheelchair for your head...
tiarnan76 2 years ago
stfu and go back to your alex jones pages, you fruit loop
trinomialtree 2 years ago
what a bunch of crackheads. They seem to be pissed about something. CNBC please go bankrupt.
Brak82 2 years ago 10
It's like Peter Schiff is going to elementary school to explain inflation.
But of course, it's good exposure for him and his company so why the hell not :)
gnuochtapir 2 years ago 10
@gnuochtapir
There are two definitions for "inflation." The one they usually use on these money networks is "an increase in prices." The definition that Peter Schiff uses is "an increase in the money supply."
The debate on this is getting old.
caltrop69 2 years ago 3
and don't forget the third definition "decrease in value of currency". The dollar is worth less, therefore it takes more to buy an item.
Plum369 2 years ago
Wouldn't that just be the RESULT of inflation, rather than the definition for it?
I think both sides agree that devalued currency is the result. I don't think that both sides agree on whether inflation should be measured by rising prices, though.
caltrop69 2 years ago
devaluation of a currency is another way of saying inflation. One and the same. For instance, the more dollars are printed and put into circulation, the less each one is worth. That is devaluation of currency. One could look at the price of things and say "wow inflation is up, we must be really making less widgets" when really it is just more dollars circulating, making them worth less each.
Plum369 2 years ago
The difference, as I see it, is that looking at "price" is like looking in the rear-view mirror.
WHY did prices go down?
Obviously, you're hip enough in economics to understand that a greater number of units of exchange mean less when the number of things to BE exchanged hasn't changed.
I'm definitely of the opinion that knowing things ahead of time is more useful than just catching up, afterwards.
I don't think you'd disagree.
caltrop69 2 years ago
@Plum369
INFLATION happens when TIN is MIXED in your SILVER. That's what the FEDERAL RESERVE does to your SILVER when they PRINT MONEY out of thin air;the FEDERAL RESERVE debases your currency;they CHEAT; they STEAL your wealth;they hurt the poor.They think we are not SMART enough to know the truth. The Federal Reserve is an evil slavemaker & Americans its slaves.
America is a nation of unjust weights & measures & injustice toward the unborn. Payback is gonna be BAD.
maxellmusic 2 years ago 2
so funny, why do they keep having him on. He keeps schooling them. Even peter at the end was like wtf are you serious
masterjackblack 2 years ago 11
This has to be the funniest Fast Money with Peter I've ever seen. Everyone has this annoyed look on their face as if Schiff is still drinking his drugged purple kool-aid.
All these so-called financial pundits think only about the short-term and what is happening now. Did these people study Finance in school? What are their credentials? I'm sick of them badgering Schiff as if he has no credibility.
booboobeezy 2 years ago 12
That's the problem; they learned financing (Keynsian style) in school!
Anyway, their job is not to warn people about what the government is doing to their wealthy, they are there to sell their products so THEY become more wealthy. Peter is selling his own stuff, but at least he chose to sell something that benefits his clients based on Austrian principals.
jjenson2006 2 years ago
Look at these fools. I'm speechless. Clearly they have no sense of economic history. Peter schools that idiot on historic hyperinflation happening during times of high unemployment.
abirch300 2 years ago 10
They are trying really hard to discredit him.
Vunks2000 2 years ago 10
chairman bernanke has his inflation +5000% warheads armed on his raytheon paveway IV missiles and hes sending right up the shorts of american taxpayers as an x'mas gift. it won't detonate until after the new year though and there will be no collateral damage - only the american taxpayer will take a direct hit and die.
trinomialtree 2 years ago
35 You shall do no wrong in judgment, in measurement of weight, or capacity. 36 You shall have just balances, just weights, a just ephah, and a just hin; I am the LORD your God, who brought you out from the land of Egypt. 37 You shall thus observe all My statutes and all My ordinances and do them; I am the LORD. LEVITICUS 19:35-37
INFLATION happens when TIN is MIXED in your SILVER. That's what the FEDERAL RESERVE does to your SILVER when they PRINT MONEY out of thin air. It's coming. Trust PS.
maxellmusic 2 years ago
1st...and 1st to say these people are daft.(excluding Peter)
justgetsome 2 years ago
They just can't understand what he is saying...
Maybe it's his strong accent?
I wonder...
:-P
grraadd 2 years ago