Peter Schiff and Marc Faber on CNBC 8/23/10: Time to Flee U.S. Treasuries!

[musarman]

A great word to describe the US debt is 'Insurmountable'. An apt saying to describe these 'vague' sorts is - 'it's not possible to educate bacon' The time has come and there's no point wasting effort on why so many people can't see what's up.. get on with saving yourself!

[jezza1789]

@residentzombie He never workerked for george soros he co founded the quantum fund with him but got in a fight with him and left to become independent. Jim doesnt like to be under the soros shadow.

[lucius1976]

I always know what Marc Farber says first. "Well, basically...."

[athy0]

@kkjhhkjhkj

How?

[mikeydoggy]

Schiff's been telling people to sell Treasuries since I have known him, which goes back to 2002. For all I know he could have been telling people to sell before then. Anyone who has listened to Schiff is totally broke, that is clear. Even with his lucky gold call--which he will never get out of, even when gold collapses--all his followers are broke. It's a monumental case of the blind (Schiff) leading the blind. Schiff is a eunuch.

[jeremy8080]

@mikeydoggy Gold was $300 in 2002!

[rmccay88]

@mikeydoggy

Thanks for showing everyone your ignorance. Schiff lucky call on Gold? It's called having foresight. Gold will go up for as long as the government and the Fed continue the reckless policy that it has undertaken for the last decade. It's not going up because of luck, it's going up because the fundamentals i.e. cheap money and easy credit. And it's only going to go up for a very long time because when the bond bubble burst, things are only going to get much worse.

[drumsmetalheavy]

How long can the Fed continue to buy Treasuries? We can't print our way out of this recession as Marc Faber says this is not sustainable.

[SidneyBou]

@drumsmetalheavy What do you mean "we can't print our way out" we can print forever. Now our constitution says silver and gold but they don't go to jail for disobaying the constitution do they?

[govlover]

Folks, Marc Faber and Peter Schiff are two of the VERY FEW who tell THE TRUTH, have clear-minded perspectives, a clear delivery of information without BS added.... and are open about their economic positions... these guys should be in the Treasury Dept., FED Reserve and such.. instead of the vipers and swindlers who've OWNED those offices FOR DECADES!

[beltane3]

God Damn it I get mad about this point being missed - that....US Gvt bonds in the market are acting as psudo currency - negotiable instruments that, because of their safety and liquidity, I consider to be part of the money supply. Hey Congress..look at the Constitution...yes, you have the right to borrow..but you also have the right to PRINT MONEY! Pay off the bonds and it's a zero sum game on the money supply! And you're out of debt, and amend Article 8 to strike the clause 'borrow'.

[residentzombie]

Schiff and Faber are the top 2 economists around. I love Jim Rogers too, but since he worked for George Soros I drop him on my list.

[YouriCarma]

Pinky is a corperate hoe talkin her pimps voice!

[LibertyMike1]

Schiff and Faber on the same program. Bad ass!

[UPSIPO]

The biggest surprise is that Marc Faber and Peter Schiff are wrong!  A real negative CPI and deflation will catch everybody with the pants down! Robert Prechter is right (althogh he is a crook! For saying the same thing for 30 years). Gold is much more of a crowded trade than Bonds. Long Bonds have been climbing for 2 months. Is there a flight to safety or flight to Deflation?

[GaryVolts]

@UPSIPO Prices should be falling much faster than they are considering the preceeding and current economic conditions. Anyone in bonds is going to get whipped out when the Fed just prints the money to pay them and interest rates soar.

[Intervene]

Go Peter!!! haha

[abirch300]

All I can say is that I"m more convinced everyday that the owned media is just that...OWNED. Almost all financial "experts" and "economists" are really just propagandists.

[sinitskyd]

My view is the treasury market will pop on September 11, 2011. In honor of the tenth anniversary of a certain terrorist action that signaled the beginning of the XXI-st century.

[sinitskyd]

Deflation is worse than Osama Bin-Laden and islamofascists. Since we are fighting with the abovementioned with tanks, planes, bombs and submarines, we must deploy nuclear weapons to fight deflation! The US must go to DEFCON-ONE, martial law has to be declared and banking sector CEO's must get access to US nuclear codes.

[GaryVolts]

@sinitskyd The first is a our buddy, turned terrorist, the second is falling prices. I think I'll take door #2.

[sinitskyd]

we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!! we must fight deflation!!!

[bonfirejovi]

@sinitskyd There is inflation AND deflation forces fighting each at the moment. It is not one or the other. Either way, we are screwed.

[Cinemaguy2007]

women should stay in the kitchen

[SmashMacintosh]

Peter Schiff is dead on....Haha and that host is hottt

[LibertySole]

I think we will see this clip soon in a "Peter Schiff was right... again" video.

[javabarbarian]

This woman actually seems to take comfort in the Fed buying Treasuries!?!? Is she nuts??? Why don't they just call it what it is: printing money! End the Fed!!!!

[GaryVolts]

@javabarbarian She is reflecting the prevailing attitude of the statists on Wall Street. The Fed is their saviour even if it has to destroy our currency.

[BlueSkies360]

Thanks for posting

[pretorious700]

These two bimbos need to get back to the kitchen and forget about careers in financial reporting.

[smartcardia]

@pretorious700 haha that not nice thing to say but i agree, haha that was funny...

[TeslaGenius]

@pretorious700

I doubt that they would even know how to cook the egg

[jayangli]

@pretorious700 I don't trust that woman talking to peter. she probably fucked up

[Livefreerevolution]

END THE FED! period.

[NicosMind]

"They dont have anywhere to put their money other than under the mattress or into US Treasuries"

Yeah and in Zimbabwe they had no choice but to keep their money in Zimbabwe bonds or Zimbabwe currency!

Where do they get these idiots from?

[yjfoo23]

@NicosMind Well said, well said!

[bart12121314]

@NicosMind haha, public is so dumb that they'll believe anyone. Good for us! Somebody will be selling all their stuff pretty soon for a few silver coins thinking that they're doing deal of a lifetime. Like they did with nasdaq, real estate and now treasuries. Some people just never learn. Don't complain about it. Take advantage and have no mercy!

[bttalbot]

@NicosMind Public Education?