I can't believe Frum could take the time from his busy schedule plotting more wars with all his neo-con buddies. On to Iran you chickenhawk tough guy!
Peter... you should let him finish his points, without interruption. Let the man expose his own idiocy, and then calmy point it out for your listeners.
Anyways, I'm in no position to criticize you, but it's just kind of annoying when you interrupt him.
"if you buy gold coins, that's the worst way to buy it"
what a NOOB. Gold coins retain a premium no matter what just for being a currency coin. Period. It never goes away. We know what's coming, it's paper currency failure, and in those situations a person wants to see a coin, not a bar. It's neighbors or others in the city you'll trade those coins with NOT the bank. It's farmers, NOT the pawn shop. Currency non-numismatic silver & gold coins are the BEST format. Frum is a fuckwad.
Peter Schiff is great. I'm a big fan of his views, and his business. But when he starts acting like Limbaugh and Hannity (worse actually) by talking over his opponents AND repeating himself to keep the floor, it becomes too tedious to see his views through his overinflated ego.
Peter, imagine how many potential converts to the cause that you turn away with that crap?
Please, take a rhetoric and public speaking class my friend.
i agree with gollywod peter was dead right as always but u cant keep interupting he does the same on tv and it comes across as condencending. again he is dead right tho on the facts
CPI was 3% last year! Let us also not forget, that in 1971 the last link to gold was severed and in 1981, the way the government calculates the CPI was changed to exclude oil, and food prices! Both of which have skyrocketed since then!
Has this guy never looked at a history book to see how much things cost 40 or 50 years ago?
What these paper money advocates never admit to is the simple fact that if you aren't gaining interest on your savings, you are always losing money!
Another point that can be made regarding the debt.. In 1815 post Napoleonic war period, there was a world wide depression. Britain national debt was 3 times the gdp - (this is 3x as bad as the US debt is now). By 1845 the debt was paid off.
If you take a look at history. In the 1500s Spain was the richest country in Europe and all the gold & silver it plundered from South & Central America over the next century only created inflation in Spain. Everything was more expensive in Spain than in the rest of Europe. Contrast this with humble Holland that fought a war to break away from Spain and then put its resources in fast ships, spice trade and the 1st Stock Exchange, which led to Holland being the richest in Europe.
I dunno, I think Frum was getting the upper hand of the argument and Peter was doing a lot of deflecting from legitimate points that Frum was making. When Frum would make a good point like "should gold buyers be taking profits or buying more?" Peter dodged the question entirely and changed the subject saying "Well did YOU buy any gold??"
@TripDogg5 Yeah but David said gold was at all time highs. Yet another economist who is so easily fooled by prices over value. I have to pinch myself to make sure I'm not dreaming sometimes.
I can't believe Peter didn't jump down his throat at that. I enjoy these interviews - when I hear the opposite view to mine, backed up with lack of research, myth and what I know is nonsense, it reinforces that I'm on the right track.
Wow. Really hate this guy's communication style (David Frum). I mean, not only is he completely WRONG about what he is saying, but he made this interview so excruciatingly difficult to listen to due to his constant interruptions. So we've got 2 guys interupting each other throughout this segment This doesn't make good radio at all. David is completely ignorant but his rudeness on this interview makes it even worse.
Take notes on the false statements your guest makes and then reply to his claims. Don't constantly talk over your guest. You are right, but you are terrible at interviewing. Give them some rope to hang themselves. I'm a big fan, but you need to wrork on this problem. Your interviews are painful to listen to. You are hurting your message (which is right) with this combative talking over type of interviews.I would subscribe to your radio, but I can't stand the interviewing style.
If David is right and Peter is wrong....Why isn't David rich, have the best selling books, have people clamoring to get his investment advice, be interviewed by numerous media outlets across the country? The list goes on.
He was fortunate to be allowed on the show, now he will sell few of his books, and he can pay a few bills. Go Peter!
$1,000,000 in the ground is losing money immediately, it is not making interest and is being eaten away by inflation, not to mention earthworms. Schiff is right, the money managers and uber-rich will line their pockets with PMs, while selling poor to worthless treasuries and investments to others... it's always the way.
Sounds like Frum is looking at all the wrong characteristics. It's gov't regulation and GSE distortion that causes bubbles, not private fraud and scarcity.
Quote of Think4yourself: "Couple months ago, I was at a CEO's convention (mostly very conservative, wealthy attendees). They had a session on forecasting the economy. Gold came up in the Q&A and the speakers said that 70% of the gold trading is ultimately controlled by 4 trading firms, all located in Beverly Hills and this company did not recommend gold because it was too open to manipulation by these 4 firms."
This is why gold should not back the money supply.
Just in case anyone wants to check the facts... CPI data ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt which says that inflation rate was 3% for 2011... I wonder if David Frum will actually check it out?
the price of food and clothing is rising, the prices of water, power and heat are rising, yet wages and benefits are being cut back everywhere. there is definately inflation this guy must not live in the real world.
Yes, I agree with Peter. But let your guest talk. Here's a case where Peter should take his own medicine so his show can succeed. I agree that no one will want to go on his show if he keeps shooting them down.
@JojozDad209 Even the sarastic titling he chose for this video is off-putting. Probably a lot of people that watch this video, that are just starting to research why things are really going to hell in a handbasket, would assume that the calm and patient and soft spoken Mr. Frum is the smarter of the two. Peter, if you're reading this, I implore you to please learn to be a more gracious and respectful host. We, your fans, know your track record. Please don't drive newbie truth seekers away!
@JojozDad209 You are right. I've been a fan of Peter's for nearly 4 years; I cold-called prospective voters for him when he ran for Senator in Connecticut. I recommend to co-workers, family, and friends that they check him out. Given the way he can be overbearing during interviews, however, I have to hope that they discover the right videos first; that they hear his message first - before they witness somewhat arrogant and condescending behavior like this.
stable prices mmmmmmmmmmm i know a shop owner that could fill his small van for £3000 of stock just 3 years ago.... but now the same stock in same van £4000
As much as Peter is right, he's a really bad host - Let him speak (even if he is wrong). His show won't continue soon if no one wants to go on it anymore...For someone (Peter) who runs a business, he sure doesn't show any respect for his guests
I hear ya- But often times guys like Frum are well versed in the art of making a bullshit point then in the same breath making another bullshit point of a different matter. You see this all the time on 24 hour networks. They do this consciously so that whomever they debate drops the first argument without defending it and then starts attacking the second argument. Schiff has learned this and always asks his guess to "wait a second" for his guest have zero intention of clarifying their positions.
Too bad frum wasnt making any logical points for the listeners to have but to make up bullshit and not see the big picture. Cant blame the guy, he gets paid for it.
Frumm promotes Keynesian militarism on steriods like Harper, 'Canadians in Perpetual Denial' about the destruction of a nation at the hands of the welfare/warfare boom-bust state.
Frum was caught on the CPI issue. He denies it went up 3% in 2011. But here is Bloomberg: "The CPI rose 3.0 percent in 2011 after a 1.5 percent increase in 2010. This was the largest December-December increase since 2007."
I fear I have to give negative feedback as the Frum chap appears to be either utterly mistaken or utterly deceitful, in either of which cases it is a waste of time to listen to the show. Peter, I hate to say it but you cannot put a funnel in a wooden head and pour some sense in it. Especially if someone took money for his services from a mass murderer like Bush. The Frum chap is simply abominable person, hence my rating. The question I have is how could people enjoy this conversation at all?!
@PeaceAndGloryMB -Absolutely! I had to stop it half way through. This guy is trying to convince us that the sky is green and once he says that, he has disqualified himself as someone worth listening to.
Are You kidding? After all of the peoples see what happened to money You think price of gold might be less than today in 10 years? No fucking way - respcet for gold and disregard to any it's substitute will be the factors here.
I don't think Peter was being 100% honest, he must know that gold and silver spot prices are being manipulated. I think they are being manipulated so the spot prices stay down. I own alot of PM, I am planning to sell my PM once the spot prices go high and use the proceeds to buy some rental propertries, so I can collect passive rental income.
David Frum is violating his own commentary of saying that you shouldn't take the advice of anyone try to sell you something. He's worked in the Government, the Government is trying to sell us paper. His loyalties are obvious. I'm sure we can find out what he's hold and how much, and he probably hold's a substantial amount of T-Bill's.
"Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment." - directly from the Dept. Of Labor Bureau of Labor Statistics, so Frum is once again arguing about something he knows nothing about! Schiff schools another so-called expert.
To Peter's point about business owners telling him about their costs increasing, I can attest to the price of raw material for whey protein going up. It took a large increase a few years ago, and is in the process of going up again, mainly due to demand from the Chinese. If you use whey protein, it is best to stock up ASAP.
David's right. As long as your not spending money on food, gasoline, fuel oil, anything made of metal or plastic or timber or anything real that you can touch, there isn't really much price inflation.
@svenp the real definition of inflation is an expanding money supply. if you say price rising it would be a more sensible sentence. and duh, if nobody buys anything nobody is going to jack up prices.
The idea that the Treasury market is not manipulated is very funny considering the ONLY REASON the Treasury market still exists at these rates is because central banks print money to buy the damn things!
That's how much the price of refined sugar has jumped since June 2008, with the sweet stuff trading in London at $752.70 per metric ton on Wednesday. Higher prices for sugar, grain and oilseeds helped push an index of 55 food commodities to a record last month, topping the previous high set in mid-2008, when food riots broke out!
Gold is a finite resource used in almost every car and electronic today. The resource is becoming harder and harder to get... so not only is demand increasing but the cost of extraction is going up. These two reasons, coupled with the fact that the US dollar has major underlying weaknesses is the reason why gold is not a bubble and is likely to continue to go up continuously from this point forward until there is none left to mine.
@mtgsean The amount of gold used in electronics or any other productive use is vanishingly small. Almost all of it is used for coins and jewelry and other frivolous nonsense.
That is also my concern about Mr Frum.. I followed his advice and bought loads of treasuries, but I realised I followed an advice of someone who has a high personal stake in people buying treasuries:(
When I was a little kid I was able to buy 4 bags, sometimes 5, for ONE DOLLAR. Now I can only buy 2 bag of chips of ONE dollar. That my friends is the effects of inflation.
Peter, you are absolutely right, but you are acting like a dick here. Which is a shame. You won't let him interrupt but are doing it constantly. (I do this also when in passionate debate, by the way)
It makes it easy for others to disregard your obviously factual views.
Inflation is all about velocity for gods sakes. The reason theres no inflation is because the money is not circulating around the economy and bidding up prices.
So Mr. Frum's argument is that Goldline (and other private gold sellers) have more power to "manipulate" the gold market than the Treasury Department and the Federal Reserve have over the Treasury market? I find his argument to be a nonsensical nonstarter. Fail.
@jokertim777 It's actually closer to a Strawman to compare two unlike item's in such a method without looking at their relevance in the economy. It's an intentional down-play of the poor monetary policies and unethical actions of the Federal Reserve, while stating that Private firms are larger players in the economy than the Federal Reserve.
I would agree that Frum's tactic was to try to boil down the argument to whether gold or treasuries are in a bubble in the hopes he could make a case for it, and then use that to try and discredit Peter's broader arguments. That entire tactic is intellectually dishonest and it is right to call him out on it.
My point was, if you are going to boil the argument down to your choice of topics, at least pick one you can win. He couldn't even do that right. Laughable attempt.
@jokertim777 It's hard to win any argument when you really know nothing, and your entire career is based on pandering. He is a Politician more than anything, and should not be viewed as otherwise.
The USD value of gold has gone up 4x in ten years (near enuf) , so I think it is fair to say that gold has gotten a little ahead of itself compared to the inflation it is supposedly a hedge for.
Go to the USDA website. The government is reporting 4.6% food inflation in 2011. 9.8% inflation on Beef and 10.2% on eggs. If you buy treasuries with a return of 3%, you won't be eating well. John Williams of shadowstats says hyperinflation BEFORE 2014.
Why I've pretty much stopped listening to Peter in interviews. He butts in and demands to finish what he is saying while at the same time is incapable of allowing any rebuttals without completely interrupting. Peter is usually right and factual but his exchanges are juvenile.
This neo-con chickenhawk (and Canadian to boot!) is as clueless in national 'defense' as he is in monetary policy. Who would listen to him other than W?
That is also my concern about Mr Schiff.. I followed his advice and bought loads of gold, but I realised I followed an advice of someone who has a high personal stake in people buying gold :(
@gerwazjana i highly doubt that you or every person that peter could possibly convince into buying gold will affect its price more than .00001%. the gold market is almost a 3 trillion dollar market. thinking that your gold benefits him directly is severely overestimating your purchase. i would just be thankful that you are on a lifeboat right now.
This Putz Frum has an agenda i think. I bet he has some gold stashed away for security. All these people have. He is just emitting the propaganda to buy treasuries etc.
Mr. Frum has secured his place in the upcoming Peter Schiff was right book. The thread of the US economy is coming unraveled. The disaster is soon approaching. Thank you fake US Presidents and Federal Reserve as ''Federal'' as Federal Express. I will toast to the destruction of the US economy from my small apartment hideout in Northern Europe.
The gov's official number for inflation for 2011 is over 3%. Basically this douche bag is in the negative no matter how many treasuries he has. If your investment is getting you 1.5% and you're losing 3% purchasing power, you're sunk. Simple math.
The Gov says individual investors have bought billions of treasuries. I don't see ANYBODY bragging about the big treasury investment they just made. It's all BS.
You should invite this guest back on so I can hear what he has to say. You should also call him up and apologize for your selfish uncrontollable behavior.
@Amyls64 No way. Peter is selling what he actually believes in and that's a strategy that works for honest people, Frum said that Peter is lying to people on a number of occasions in this interview, like talking about CPI or the fact that Peter is selling what he believes is a good investment. Fuck Frum.
@Amyls64 what?? the guest was the one who was interrupting all the time and being all rude. and that was ON schiffs schow. wow, biased much? subscribe to schittreport much?
@Amyls64 selling gold at 5-6 percent premium over spot is not a very lucrative business. you should be thankful that he provides a means for you to preserve your wealth, instead of denigrating "salesmen." what do YOU sell?
I can't believe Frum could take the time from his busy schedule plotting more wars with all his neo-con buddies. On to Iran you chickenhawk tough guy!
bizwiz21 6 days ago
Ha! No inflation. Stable prices. What a joke. People should get informed. I rather listen to Peter Schiff, and Jim Rogers.
jadamian75 1 week ago
This isn't fair. He's taking people with no common sense and inviting them on his show. :-)
linagee 1 week ago
If you have such a ridiculous guest you simply can't let him speak too much because it just hurts lol
so stop whining people...
BadWithNames123 1 week ago
The last minute says everything. The bankster buddy Frum shows his cards. He is a fraud.
kemirockarfett 2 weeks ago
Frum owned him. Schiff's gold opinions are ridiculous.
TheOverworker 2 weeks ago
@TheOverworker stop drinking idiot.
kemirockarfett 2 weeks ago
Peter... you should let him finish his points, without interruption. Let the man expose his own idiocy, and then calmy point it out for your listeners.
Anyways, I'm in no position to criticize you, but it's just kind of annoying when you interrupt him.
TheCapitalistdog 2 weeks ago
actually all the gold ever mined could build a city the size of new york
HanStanwell 3 weeks ago
7:52 the box will be worth more than the 10 million dollars :D
zuiprax 3 weeks ago 4
I hope mr frum had a nice flight back to Altair 4 or whatever planet he is living on ..
woodenmajor 3 weeks ago 4
This has been flagged as spam show
Jewish terrorist :
Ex Israel Prime Minister, Yizhak Rabin was killed by a Jewish terrorist, Yigal Amir.
Killed on : November 4, 1995
Stevie68000 3 weeks ago
This has been flagged as spam show
How's David Joseph Goebbels Frum doing today?
DiscoProJoe 3 weeks ago
"if you buy gold coins, that's the worst way to buy it"
what a NOOB. Gold coins retain a premium no matter what just for being a currency coin. Period. It never goes away. We know what's coming, it's paper currency failure, and in those situations a person wants to see a coin, not a bar. It's neighbors or others in the city you'll trade those coins with NOT the bank. It's farmers, NOT the pawn shop. Currency non-numismatic silver & gold coins are the BEST format. Frum is a fuckwad.
ytgv3fc7 3 weeks ago in playlist 1 2012 01 24
what a douche. The single most manipulated and least ethical market is the treasuries market, not gold.
ytgv3fc7 3 weeks ago in playlist 1 2012 01 24
Mr. Frum is a giant douche.
Ron Paul 2012
justatrey 3 weeks ago
Peter Schiff is great. I'm a big fan of his views, and his business. But when he starts acting like Limbaugh and Hannity (worse actually) by talking over his opponents AND repeating himself to keep the floor, it becomes too tedious to see his views through his overinflated ego.
Peter, imagine how many potential converts to the cause that you turn away with that crap?
Please, take a rhetoric and public speaking class my friend.
marrazzousa 3 weeks ago
LOL no inflation which supermarket you shop at???
jimmyd3277 3 weeks ago
"Where you shopping?!!" HAHA!
ninadrsa 3 weeks ago
The dollar will be gone in ten years, to be replaced by? - Amero, Atlanto, Yuan, gold, silver who knows?
htiberian 3 weeks ago
i agree with gollywod peter was dead right as always but u cant keep interupting he does the same on tv and it comes across as condencending. again he is dead right tho on the facts
Scapone2001 3 weeks ago
@Scapone2001 yes, but on most TV shows he simply has to interrupt. Maybe it become a bit too much of a habit for him.
mootant 3 weeks ago
CPI was 3% last year! Let us also not forget, that in 1971 the last link to gold was severed and in 1981, the way the government calculates the CPI was changed to exclude oil, and food prices! Both of which have skyrocketed since then!
Has this guy never looked at a history book to see how much things cost 40 or 50 years ago?
What these paper money advocates never admit to is the simple fact that if you aren't gaining interest on your savings, you are always losing money!
AliceInWonderlandSyn 3 weeks ago in playlist Peter Schiff
Invisible? No wonder he wrote speeches for W. I'm in my 50s My experience is that on average prices double every ten years.
justintempler 3 weeks ago
Another point that can be made regarding the debt.. In 1815 post Napoleonic war period, there was a world wide depression. Britain national debt was 3 times the gdp - (this is 3x as bad as the US debt is now). By 1845 the debt was paid off.
petrfiddle 4 weeks ago
If you take a look at history. In the 1500s Spain was the richest country in Europe and all the gold & silver it plundered from South & Central America over the next century only created inflation in Spain. Everything was more expensive in Spain than in the rest of Europe. Contrast this with humble Holland that fought a war to break away from Spain and then put its resources in fast ships, spice trade and the 1st Stock Exchange, which led to Holland being the richest in Europe.
petrfiddle 4 weeks ago
@petrfiddle And Spain was a backwater, until the 1970s. All that gold did not help.
petrfiddle 4 weeks ago
"The CPI rose 3.0 percent in 2011 after a 1.5 percent increase in 2010. This was the largest December-December increase since 2007."
Straight from bls(dot)gov /news.release/cpi.nr0.htm
dotsthots 4 weeks ago
Comment removed
dotsthots 4 weeks ago
I dunno, I think Frum was getting the upper hand of the argument and Peter was doing a lot of deflecting from legitimate points that Frum was making. When Frum would make a good point like "should gold buyers be taking profits or buying more?" Peter dodged the question entirely and changed the subject saying "Well did YOU buy any gold??"
TripDogg5 4 weeks ago
@TripDogg5 Yeah but David said gold was at all time highs. Yet another economist who is so easily fooled by prices over value. I have to pinch myself to make sure I'm not dreaming sometimes.
I can't believe Peter didn't jump down his throat at that. I enjoy these interviews - when I hear the opposite view to mine, backed up with lack of research, myth and what I know is nonsense, it reinforces that I'm on the right track.
dotsthots 4 weeks ago
David Frum is Jew
Stevie68000 4 weeks ago
Wow this Frum guy is a complete maroon! Unbelievable--yes i know i spelled moron wrong, it is a pun.
Jasgent 4 weeks ago
ZING!!!!!!
jstock2317 4 weeks ago
China and India are buying their oil from Iran in gold - isn't that money enough for you Mr David Frum?
puppetjaw 4 weeks ago
@puppetjaw how many ounces of gold per barrel of oil (give me a number)
OnlyTranceLive 4 weeks ago
@OnlyTranceLive hows 17 barrels for one ounce of old (935 gallons)? or 6% of an ounce of gold to every barrel
puppetjaw 4 weeks ago
Wow. Really hate this guy's communication style (David Frum). I mean, not only is he completely WRONG about what he is saying, but he made this interview so excruciatingly difficult to listen to due to his constant interruptions. So we've got 2 guys interupting each other throughout this segment This doesn't make good radio at all. David is completely ignorant but his rudeness on this interview makes it even worse.
KURDYPEIN 4 weeks ago 2
@chbs4122 exactly my friend.
ILiveInMyParadise 4 weeks ago
Keep buying Treasurys, David. I'll keep buying gold and silver.
TheLegalImmigrant05 4 weeks ago
Peter,
Take notes on the false statements your guest makes and then reply to his claims. Don't constantly talk over your guest. You are right, but you are terrible at interviewing. Give them some rope to hang themselves. I'm a big fan, but you need to wrork on this problem. Your interviews are painful to listen to. You are hurting your message (which is right) with this combative talking over type of interviews.I would subscribe to your radio, but I can't stand the interviewing style.
chbs4122 4 weeks ago 2
If David is right and Peter is wrong....Why isn't David rich, have the best selling books, have people clamoring to get his investment advice, be interviewed by numerous media outlets across the country? The list goes on.
He was fortunate to be allowed on the show, now he will sell few of his books, and he can pay a few bills. Go Peter!
DailyDoing 4 weeks ago
Who writes Frum's check?
bunkermunk 4 weeks ago
$1,000,000 in the ground is losing money immediately, it is not making interest and is being eaten away by inflation, not to mention earthworms. Schiff is right, the money managers and uber-rich will line their pockets with PMs, while selling poor to worthless treasuries and investments to others... it's always the way.
shades2 4 weeks ago in playlist More videos from SchiffReport
Sounds like Frum is looking at all the wrong characteristics. It's gov't regulation and GSE distortion that causes bubbles, not private fraud and scarcity.
Miasmark 4 weeks ago
LOL speech writer,this guy is out of this world.
rundhe4d 4 weeks ago
Quote of Think4yourself: "Couple months ago, I was at a CEO's convention (mostly very conservative, wealthy attendees). They had a session on forecasting the economy. Gold came up in the Q&A and the speakers said that 70% of the gold trading is ultimately controlled by 4 trading firms, all located in Beverly Hills and this company did not recommend gold because it was too open to manipulation by these 4 firms."
This is why gold should not back the money supply.
zephae 4 weeks ago
Frum's intelligence is invisible!
boohoo746 4 weeks ago 2
Peter - you have the loud mic - LET THE MAN SPEAK - give him rope!!! You have the entire show to respond.
MrBiggMan 4 weeks ago
So he bought potash... well, ho do you store potash? Doesn't it deteriorate with time?
Monetary metals are easy to store and they are called precious not without a reason.
grraadd 4 weeks ago
Frum is such a scumbag. His book, "An End to Evil" is an exercise in propaganda and misinformation worthy of the Michael Moore award for bullshit.
TulliusVII 4 weeks ago
Lol he didnt even know the govt announced 3% inflation. Peter Schiff is awesome!
9pt9 4 weeks ago
wow! david frum is nuts!!
betodesign101 1 month ago
Comment removed
MrBiggMan 1 month ago
Just in case anyone wants to check the facts... CPI data ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt which says that inflation rate was 3% for 2011... I wonder if David Frum will actually check it out?
hddnwrd 1 month ago
the price of food and clothing is rising, the prices of water, power and heat are rising, yet wages and benefits are being cut back everywhere. there is definately inflation this guy must not live in the real world.
Greendawg001 1 month ago
David Frum acts like a complete fool! It's almost embarassing just listening to him.
BMANZZS 1 month ago
PETER!, I know you like to make your case but by interupting quest you show will suffer...
joggingskor 1 month ago
Yes, I agree with Peter. But let your guest talk. Here's a case where Peter should take his own medicine so his show can succeed. I agree that no one will want to go on his show if he keeps shooting them down.
Ron Paul 2012
Nor-Cal
JojozDad209 1 month ago 21
Comment removed
JELB1960 1 week ago
@JojozDad209 Even the sarastic titling he chose for this video is off-putting. Probably a lot of people that watch this video, that are just starting to research why things are really going to hell in a handbasket, would assume that the calm and patient and soft spoken Mr. Frum is the smarter of the two. Peter, if you're reading this, I implore you to please learn to be a more gracious and respectful host. We, your fans, know your track record. Please don't drive newbie truth seekers away!
JELB1960 1 week ago
This has been flagged as spam show
@JojozDad209 You are right. I've been a fan of Peter's for nearly 4 years; I cold-called prospective voters for him when he ran for Senator in Connecticut. I recommend to co-workers, family, and friends that they check him out. Given the way he can be overbearing during interviews, however, I have to hope that they discover the right videos first; that they hear his message first - before they witness somewhat arrogant and condescending behavior like this.
JELB1960 1 week ago
stable prices mmmmmmmmmmm i know a shop owner that could fill his small van for £3000 of stock just 3 years ago.... but now the same stock in same van £4000
dogmrjack1 1 month ago
10 years = depletion period for silver. No more silver means infinit price for silver. How can he choose to have dollars instead of gold...
katchum 1 month ago
Mr. Frum, put all of your money into Treasurys. Be my guest.
order9066 1 month ago
As much as Peter is right, he's a really bad host - Let him speak (even if he is wrong). His show won't continue soon if no one wants to go on it anymore...For someone (Peter) who runs a business, he sure doesn't show any respect for his guests
Gollywog 1 month ago 33
@Gollywog Licking ass is not a way of showing respect.
boohoo746 4 weeks ago
I hear ya- But often times guys like Frum are well versed in the art of making a bullshit point then in the same breath making another bullshit point of a different matter. You see this all the time on 24 hour networks. They do this consciously so that whomever they debate drops the first argument without defending it and then starts attacking the second argument. Schiff has learned this and always asks his guess to "wait a second" for his guest have zero intention of clarifying their positions.
tizacat 4 weeks ago
@Gollywog true, but..
Too bad frum wasnt making any logical points for the listeners to have but to make up bullshit and not see the big picture. Cant blame the guy, he gets paid for it.
Hypnosiz 4 weeks ago
@Gollywog In this case Frum was coming across as rude and obnoxious. He was the one that kept interrupting.
TheResistanceV 4 weeks ago
Another one of these incompetent fools.
TheMEK3 1 month ago
Frumm promotes Keynesian militarism on steriods like Harper, 'Canadians in Perpetual Denial' about the destruction of a nation at the hands of the welfare/warfare boom-bust state.
jibbi4one 1 month ago
Frum is full of crap. Anyone can go to the store and see the prices going up.
djangothecat 1 month ago
Frum was caught on the CPI issue. He denies it went up 3% in 2011. But here is Bloomberg: "The CPI rose 3.0 percent in 2011 after a 1.5 percent increase in 2010. This was the largest December-December increase since 2007."
tewj57 1 month ago in playlist Uploaded videos
I fear I have to give negative feedback as the Frum chap appears to be either utterly mistaken or utterly deceitful, in either of which cases it is a waste of time to listen to the show. Peter, I hate to say it but you cannot put a funnel in a wooden head and pour some sense in it. Especially if someone took money for his services from a mass murderer like Bush. The Frum chap is simply abominable person, hence my rating. The question I have is how could people enjoy this conversation at all?!
PeaceAndGloryMB 1 month ago
@PeaceAndGloryMB -Absolutely! I had to stop it half way through. This guy is trying to convince us that the sky is green and once he says that, he has disqualified himself as someone worth listening to.
djangothecat 1 month ago
Sure, the price of gold might be down in 10 years, but in 2 years?? It will have exploded.
theblondefrom85 1 month ago
@theblondefrom85
Are You kidding? After all of the peoples see what happened to money You think price of gold might be less than today in 10 years? No fucking way - respcet for gold and disregard to any it's substitute will be the factors here.
pipem4n 1 month ago
I don't think Peter was being 100% honest, he must know that gold and silver spot prices are being manipulated. I think they are being manipulated so the spot prices stay down. I own alot of PM, I am planning to sell my PM once the spot prices go high and use the proceeds to buy some rental propertries, so I can collect passive rental income.
ownerowner100 1 month ago
HAHAHAHAHAHA Frum is an idiot I can see why he was George Bush's speech writer, great idiot minds think alike.
jaba987 1 month ago
This has been flagged as spam show
@FortheRepubllic excellent!!!!
Gauthinours 1 month ago
David Frum is violating his own commentary of saying that you shouldn't take the advice of anyone try to sell you something. He's worked in the Government, the Government is trying to sell us paper. His loyalties are obvious. I'm sure we can find out what he's hold and how much, and he probably hold's a substantial amount of T-Bill's.
Joe11Blue 1 month ago
Frum is a Moron.
megawolf7 1 month ago
Another guest that has no idea what hes talking about, Schiff you need more of a challenge!
mozyrevo 1 month ago
frum is a clown!
ckekinit 1 month ago
Frum is a retard. 80% of all treasuries are bought by the Fed.
Y2kplaya92 1 month ago
"Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment." - directly from the Dept. Of Labor Bureau of Labor Statistics, so Frum is once again arguing about something he knows nothing about! Schiff schools another so-called expert.
cresidue 1 month ago
all these central wanks an fed res type rat banks print paper money worth NOTHING!!!
Buy gold,silver bulliuon and stop these RATS
bollox679 1 month ago
I guarantee that this guy Frum has bought physical gold. The lier is just tricking the sheeple.
mclaren855 1 month ago
Frum has been drinking the Koolaid in gallons.
bertly71 1 month ago
beans, bullets, bandaids folks
keltingr 1 month ago
CPI was 3% in 2011
gotitans999 1 month ago
To Peter's point about business owners telling him about their costs increasing, I can attest to the price of raw material for whey protein going up. It took a large increase a few years ago, and is in the process of going up again, mainly due to demand from the Chinese. If you use whey protein, it is best to stock up ASAP.
KDakota630 1 month ago
No wonder Bush often looked dumb when he spoke in public, Frum wrote his speeches LOL.
TWSceptic 1 month ago 33
David's right. As long as your not spending money on food, gasoline, fuel oil, anything made of metal or plastic or timber or anything real that you can touch, there isn't really much price inflation.
svenp 1 month ago 4
@svenp the real definition of inflation is an expanding money supply. if you say price rising it would be a more sensible sentence. and duh, if nobody buys anything nobody is going to jack up prices.
norskemann1 1 month ago
Frum is a fucking moron.
drewmandan 1 month ago 2
Please upvote this:
reason why inflation can be high and bond yields low is because FED loans money @0% to banks, so they make the profit on the difference!
Voy2378 1 month ago 4
The idea that the Treasury market is not manipulated is very funny considering the ONLY REASON the Treasury market still exists at these rates is because central banks print money to buy the damn things!
MarcusCMarcellus 1 month ago
@MarcusCMarcellus They don't even have to print it anymore. They just amke a computer entry. I doubt they could actually print it fast enough.
billp4 1 month ago
can you say owned.
newmankevin44 1 month ago
Can we have Max Keiser interview this guy? I haven't heard Max rip anyone to shreds lately...
billp4 1 month ago
Ten years from now the price of gold will be LESS?????? Thank you, GOODBYE!!!
billp4 1 month ago
It is painful to watch stupidity
4HITMAN7 1 month ago
Frum is a economic ignoramus
wolfengheist 1 month ago
lol!!!
MrThewierdstreet 1 month ago
doesn't surprise me at all, I read some disgusting hit pieces on ron paul by that little worm
fleischpudding 1 month ago
96% last week!
That's how much the price of refined sugar has jumped since June 2008, with the sweet stuff trading in London at $752.70 per metric ton on Wednesday. Higher prices for sugar, grain and oilseeds helped push an index of 55 food commodities to a record last month, topping the previous high set in mid-2008, when food riots broke out!
SMprepnNancy 1 month ago
Peter STFU and let him finish
lzhaol 1 month ago
@lzhaol Its David Frum. He doesn't shut up.
jimbo59153 1 month ago
Treasuries Sell... But Who's Buying?
orangeman4242 1 month ago
hahahahahahahahaha
trick29420 1 month ago
Peter is the Schiff. What planet is David Frum?
FortheRepubllic 1 month ago 49
@FortheRepubllic Canada. Barbara's little boy.
hagbard72 1 month ago
@FortheRepubllic Canada
MarcusCMarcellus 1 month ago
@FortheRepubllic he was George Bush's speech writer, it's all coming together now. Idiot minds think alike.
jaba987 1 month ago
Gold is a finite resource used in almost every car and electronic today. The resource is becoming harder and harder to get... so not only is demand increasing but the cost of extraction is going up. These two reasons, coupled with the fact that the US dollar has major underlying weaknesses is the reason why gold is not a bubble and is likely to continue to go up continuously from this point forward until there is none left to mine.
mtgsean 1 month ago
@mtgsean The amount of gold used in electronics or any other productive use is vanishingly small. Almost all of it is used for coins and jewelry and other frivolous nonsense.
soylentgreenb 1 month ago
Notice that he owned treasuries... but doesn't anymore...
mtgsean 1 month ago
This has been flagged as spam show
That is also my concern about Mr Frum.. I followed his advice and bought loads of treasuries, but I realised I followed an advice of someone who has a high personal stake in people buying treasuries:(
vincentaxelrod 1 month ago
When I was a little kid I was able to buy 4 bags, sometimes 5, for ONE DOLLAR. Now I can only buy 2 bag of chips of ONE dollar. That my friends is the effects of inflation.
MIT2004 1 month ago
A bubble is hard for people to see when they are in it this man is in deep.
davincij15 1 month ago
@davincij15 so you agree with Frum then? You think that gold is in the bubble?
gerwazjana 1 month ago
@gerwazjana
No! Frum is loaded down with Treasuries and dollars and believes they will always have greater value than gold.
davincij15 1 month ago
There is no inflation yet because the money isn't circulating.. its sitting in banks and their getting paid interest for not lending it
MrColts420 1 month ago
@MrColts420 Partially true. There IS inflation, just not as much as there will be once that money hits the market.
trick29420 1 month ago
Annoying. Sorry, but Peter kept interrupting what he was trying to say.
dgmoocher 1 month ago
I wonder if people ever come a second time on the show.
SloterMFmeyer 1 month ago
go back to canada frum
qtutoringhelps 1 month ago
Peter, you are absolutely right, but you are acting like a dick here. Which is a shame. You won't let him interrupt but are doing it constantly. (I do this also when in passionate debate, by the way)
It makes it easy for others to disregard your obviously factual views.
SloterMFmeyer 1 month ago
Inflation is all about velocity for gods sakes. The reason theres no inflation is because the money is not circulating around the economy and bidding up prices.
Equity213 1 month ago
That guy is an A1 moron!
smasila 1 month ago
@gerwazjana But Peter is right. He has a personal stake, and he helps you. Why can't this be a wi win?
GeminiK 1 month ago
Where's the repost from SchittReport? - "Brillant David Frum give jackass Pete a lesson in markets"
paynesm2 1 month ago
So Mr. Frum's argument is that Goldline (and other private gold sellers) have more power to "manipulate" the gold market than the Treasury Department and the Federal Reserve have over the Treasury market? I find his argument to be a nonsensical nonstarter. Fail.
jokertim777 1 month ago 31
@jokertim777 It's actually closer to a Strawman to compare two unlike item's in such a method without looking at their relevance in the economy. It's an intentional down-play of the poor monetary policies and unethical actions of the Federal Reserve, while stating that Private firms are larger players in the economy than the Federal Reserve.
Joe11Blue 1 month ago
@Joe11Blue,
I would agree that Frum's tactic was to try to boil down the argument to whether gold or treasuries are in a bubble in the hopes he could make a case for it, and then use that to try and discredit Peter's broader arguments. That entire tactic is intellectually dishonest and it is right to call him out on it.
My point was, if you are going to boil the argument down to your choice of topics, at least pick one you can win. He couldn't even do that right. Laughable attempt.
jokertim777 4 weeks ago
@jokertim777 It's hard to win any argument when you really know nothing, and your entire career is based on pandering. He is a Politician more than anything, and should not be viewed as otherwise.
Joe11Blue 4 weeks ago
The USD value of gold has gone up 4x in ten years (near enuf) , so I think it is fair to say that gold has gotten a little ahead of itself compared to the inflation it is supposedly a hedge for.
mrbeanbag 1 month ago
Go to the USDA website. The government is reporting 4.6% food inflation in 2011. 9.8% inflation on Beef and 10.2% on eggs. If you buy treasuries with a return of 3%, you won't be eating well. John Williams of shadowstats says hyperinflation BEFORE 2014.
bn12595 1 month ago
I love the gold or money bury analogy.
shanekolidra 1 month ago
Lol, and thats why america is fucked, peter shines the spot light on idiots
Tomta20012 1 month ago
Peter needs to expose these people as idiots more often.
god0fgod 1 month ago
Why I've pretty much stopped listening to Peter in interviews. He butts in and demands to finish what he is saying while at the same time is incapable of allowing any rebuttals without completely interrupting. Peter is usually right and factual but his exchanges are juvenile.
babaluto 1 month ago
@babaluto Does it matter how he debates as long as his information is correct and he is outwitting his guest?
eduvossj 1 month ago
Just goes to show ya not everyone is keen on gold...too bad, less for them, more for us!
autobahn101driversed 1 month ago
This has been flagged as spam show
I fact checked the CPI for 2011, it says exactly 3% for all items. ( bls[dot]gov/news[dot]release/cpi[dot]nr0.htm )
hazeee123 1 month ago
Comment removed
hazeee123 1 month ago
what a fuck face
dcblyke 1 month ago
this guy is full bs
wilsonrelias 1 month ago
Is Frum a Lawyer?
Pfsif 1 month ago
This neo-con chickenhawk (and Canadian to boot!) is as clueless in national 'defense' as he is in monetary policy. Who would listen to him other than W?
bizwiz21 1 month ago
That is also my concern about Mr Schiff.. I followed his advice and bought loads of gold, but I realised I followed an advice of someone who has a high personal stake in people buying gold :(
gerwazjana 1 month ago
@gerwazjana i highly doubt that you or every person that peter could possibly convince into buying gold will affect its price more than .00001%. the gold market is almost a 3 trillion dollar market. thinking that your gold benefits him directly is severely overestimating your purchase. i would just be thankful that you are on a lifeboat right now.
vincentaxelrod 1 month ago
@vincentaxelrod I certainly hope that you're right.
gerwazjana 1 month ago
This Putz Frum has an agenda i think. I bet he has some gold stashed away for security. All these people have. He is just emitting the propaganda to buy treasuries etc.
rla007 1 month ago
Now we know whose advice not to listen
ryotaroky 1 month ago
Mr. Frum has secured his place in the upcoming Peter Schiff was right book. The thread of the US economy is coming unraveled. The disaster is soon approaching. Thank you fake US Presidents and Federal Reserve as ''Federal'' as Federal Express. I will toast to the destruction of the US economy from my small apartment hideout in Northern Europe.
msungs 1 month ago
WHILE this interview was taking place, India and Iran have agreed to exchange OIL FOR GOLD.
Gold is now officially money at least for that type of trade.
romanmir01 1 month ago 3
The gov's official number for inflation for 2011 is over 3%. Basically this douche bag is in the negative no matter how many treasuries he has. If your investment is getting you 1.5% and you're losing 3% purchasing power, you're sunk. Simple math.
onemindonespirit 1 month ago
Lol, the guy would rather have the paper 10 years from now. WTF? Is this guy a complete idiot?
johammbass 1 month ago
The Gov says individual investors have bought billions of treasuries. I don't see ANYBODY bragging about the big treasury investment they just made. It's all BS.
onemindonespirit 1 month ago
If there was no inflation then gold should be at 250 sunny!!
Jerbear112266 1 month ago
You should invite this guest back on so I can hear what he has to say. You should also call him up and apologize for your selfish uncrontollable behavior.
Amyls64 1 month ago
@Amyls64 No way. Peter is selling what he actually believes in and that's a strategy that works for honest people, Frum said that Peter is lying to people on a number of occasions in this interview, like talking about CPI or the fact that Peter is selling what he believes is a good investment. Fuck Frum.
romanmir01 1 month ago
@Amyls64 what?? the guest was the one who was interrupting all the time and being all rude. and that was ON schiffs schow. wow, biased much? subscribe to schittreport much?
norskemann1 1 month ago
@Amyls64 WTF "Hear what he has to say?" Frum is an idiot and he was interrupting Schiff even more than Schiff was interrupting him.
batmanthe 1 month ago
@batmanthe No He was not interupting Schiff. Schiff would not him complete a sentence.
Amyls64 1 month ago
Love the last 15 seconds of this vid :)
damnkjeg 1 month ago
I agree with David. Peter is trying to sell gold .He is really believe GOld will go up but he is Also a salesman.
Amyls64 1 month ago
@Amyls64 selling gold at 5-6 percent premium over spot is not a very lucrative business. you should be thankful that he provides a means for you to preserve your wealth, instead of denigrating "salesmen." what do YOU sell?
vincentaxelrod 1 month ago