The down-ramp on the last "recession" in 2008 is steeper and deeper than the 1929 crash. This is a bigger crash than 1929 in my opinion. Just by comparing the charts
no one know when the break comes. It might be better to ask "IF" the break comes.
The US Gov and Wall Street for that matter have cut their own throats in stealing the wealth from the middle and lower classes. The cookie jar is now empty and they're asking for more. No real gain or growth will occur without the slaves. And they hate the idea of depending on us or helping us to make them rich. smells like resentment
@thomasmoonman Im with you, but I been watching Schiff (in particular) for awhile now. Ive learned to put a good many faces to names in the financial markets and learn who speaks with a forked tongue (those that will lie to you and not bat an eye). Schiff shoots it pretty straight and for whatever reason calls it about 2 years in front of the curve. I think he is learning to say "about" or "around", some have tried to attack his credibility with his timelines.
because u will be...we went through inflationary boom now we need to go through a deflationary bust (a market correction) but their not allowing it which not end well except for the people running the show
how come this guy still invited there and debating with peter and laughing at peter? he was so wrong at 2006 laughing at peter now still have the "face" to face peter, so shameless
this really started with the fed in 1913 then nixon took us off the gold standard, with all oil trading in dollars, now the goverment can print money and get it's oil for pennys, just for the cost of the printing.
look what happened when sadiam in iraq started sell oil in euros. here's the rule don't mess with the dollar.
It is sad to say this but the new boat people are the Americans. They have been warned for a long time but they are still spending and printing money. Americans need to wake up quickly or you will literally be on the ropes
Wealth and Value come from production and savings. It was not WWII that got us out of depression but the ramping up of Industry that converted from producing war goods to consumer goods that were EXPORTED. During WWII our debt was INTERNAL with borrowing from the public via war bonds. Today we are net IMPORTERS borrowing from EXTERNAL countries. Unless we return to being a net exporter we will never be able to repay the foreign debt so the Government will print and dollar will crash.
it shouldn't shock you. Seriously, half of the electorate are partisan left-wingers who blame capitalism on everything and always will. Another 25% of the electorate are too ignorant to know what capitalism is (or marxism for that matter).
The problem is that there are very hardcore marxists in powerful positions right now, who are working day and night and willing to spend billions collectively, to bring marxism to the world.
I agree. I'm done trying to argue with liberals, especially over the internet because it's just not worth it.
They are simply not even aware of the basic economic principle that profit incentive makes most people work harder, or the dispute it. I can't believe it. And this goes for "educated" people like doctors too. They know medicaid stinks, yet they support a "medicaid for all" policy like the public option.
It's like trying to argue about whether or not the sky is blue.
I'd say more like 80% Include the war hawk, left wingers because they grow government based on mass murder instead of social programs, and call it conservative.
I'm gonna be "that guy" and say that Schiff is half right.
flanksteak2 7 months ago
PETER SHIFF IS BAD ASS !!!STOCK UP ON GUNS N FOOD!!!
IMPERIALCARCREW 1 year ago
- WOw PEter Shiff is amazing ...
he makes sense , I just read The pure theory of Capital by Fridrich von Heyek ..
aviomaster 1 year ago
"You gotta reread your history." Nice. Reread it from a different perspective maybe?
bttalbot 1 year ago
Some people are so out of touch they think this is funny.
StigmataBOB1 1 year ago
So pathetic. The people in this video are actually pretty smart, but they've been taught way too much nonsense in university.
imre1000 1 year ago
Peter Schiff is the man! All these other guys are a bunch of knuckleheads that spout off financial babble, just to hear themselves talk!
I don't know about anyone else, but I will listen to Peter Schiff !!!
1776SonofLiberty 2 years ago
The down-ramp on the last "recession" in 2008 is steeper and deeper than the 1929 crash. This is a bigger crash than 1929 in my opinion. Just by comparing the charts
uturniaphobic 2 years ago
when? when is this gonna break? im flipped the fuck out. im trying to make sense of all this. anyone?
thomasmoonman 2 years ago
no one know when the break comes. It might be better to ask "IF" the break comes.
The US Gov and Wall Street for that matter have cut their own throats in stealing the wealth from the middle and lower classes. The cookie jar is now empty and they're asking for more. No real gain or growth will occur without the slaves. And they hate the idea of depending on us or helping us to make them rich. smells like resentment
uturniaphobic 2 years ago
@thomasmoonman Im with you, but I been watching Schiff (in particular) for awhile now. Ive learned to put a good many faces to names in the financial markets and learn who speaks with a forked tongue (those that will lie to you and not bat an eye). Schiff shoots it pretty straight and for whatever reason calls it about 2 years in front of the curve. I think he is learning to say "about" or "around", some have tried to attack his credibility with his timelines.
6GUNSOUTH 1 year ago
Great video!
bearcat648 2 years ago
Why do I get the feeling that in 2 to 3 years, we're going to be looking back on a video like this saying, Schiff was right again!?!?!?
veritasfiles 2 years ago
because u will be...we went through inflationary boom now we need to go through a deflationary bust (a market correction) but their not allowing it which not end well except for the people running the show
fitzman96 2 years ago 2
i would like to add pres harding why that never gets mentioned by anyone is beyond me
fitzman96 2 years ago
how come this guy still invited there and debating with peter and laughing at peter? he was so wrong at 2006 laughing at peter now still have the "face" to face peter, so shameless
Mrxanadu02 2 years ago
they will be playing these videos 5 yrs from now and saying peter was right...
donniebrasco24 2 years ago
this really started with the fed in 1913 then nixon took us off the gold standard, with all oil trading in dollars, now the goverment can print money and get it's oil for pennys, just for the cost of the printing.
look what happened when sadiam in iraq started sell oil in euros. here's the rule don't mess with the dollar.
reginald58 2 years ago
It is sad to say this but the new boat people are the Americans. They have been warned for a long time but they are still spending and printing money. Americans need to wake up quickly or you will literally be on the ropes
ijustretired 2 years ago
Wealth and Value come from production and savings. It was not WWII that got us out of depression but the ramping up of Industry that converted from producing war goods to consumer goods that were EXPORTED. During WWII our debt was INTERNAL with borrowing from the public via war bonds. Today we are net IMPORTERS borrowing from EXTERNAL countries. Unless we return to being a net exporter we will never be able to repay the foreign debt so the Government will print and dollar will crash.
rayallin 2 years ago
go peter
gatzu86 2 years ago 2
They should listen to Peter Schiff, they told him he was wrong before when he predicted this recession before the bubble.
babyloniandream 2 years ago 4
Yes, it is.
jimjaas 2 years ago
Its the Government stupid.
wrathofgod86668 2 years ago
@wrathofgod86668 no they just treat us as such.
529terrell 2 years ago
You have a semicolon in your "subscribe to" link.
eagleeye1975 2 years ago
It SHOCKS me how many people blame capitalism and free markets, and don't even consider government interference
eagleeye1975 2 years ago 18
it shouldn't shock you. Seriously, half of the electorate are partisan left-wingers who blame capitalism on everything and always will. Another 25% of the electorate are too ignorant to know what capitalism is (or marxism for that matter).
The problem is that there are very hardcore marxists in powerful positions right now, who are working day and night and willing to spend billions collectively, to bring marxism to the world.
BeyondNeptoon 2 years ago 10
You mean to bring neo-fuedalism to the world. They are going to make us all poor and dependent. Resist
myeyepie 2 years ago
@BeyondNeptoon
I agree. I'm done trying to argue with liberals, especially over the internet because it's just not worth it.
They are simply not even aware of the basic economic principle that profit incentive makes most people work harder, or the dispute it. I can't believe it. And this goes for "educated" people like doctors too. They know medicaid stinks, yet they support a "medicaid for all" policy like the public option.
It's like trying to argue about whether or not the sky is blue.
slapshotbob 2 years ago 3
I'd say more like 80% Include the war hawk, left wingers because they grow government based on mass murder instead of social programs, and call it conservative.
ziggenzify 2 years ago