Everyone needs to get into Precious Metals quickly...they're rising fast and it's not because industry is picking-up (silver rise) and the economy is recovery., rather people are fleeing the dollar, lets join our chinese friends that are getting into holding physical metals. The media has the US thinking there's a economic recovery, it's total BS. If we keep doing business as usual the outcome will be bad.. Peter Schiff is informed-correct.
Bernanke is in fact an expert on the Great Depression. He's creating another one, on purpose, because this is what the gov't wants right now. We'll be in a shooting war with NK and Iran inside of 10-12-15 yrs. that will relieve the depression.
Most people don't know the incomprehensible depth the paranoia goes in these world leaders. US citizens will be convinced of the justice of the war once they start making money again.
The devil is an evil entity! I can't believe that Obama actually said " The devil we know is better than the devil we don't". HIS eye is on the back of every $1 bill, I'm disgusted our president first said:
1) Our nation wasn't a Christian nation but a secular nation
2) The devil we know is better than the devil we don't.
Im a southern US redneck and I looooove Jews, especially Brother Schiff! Jews are a gift from God. You think Schiff can help what skin he's born into? Nothing wrong with having assessments on various races/people's, but ALWAYS give each INDIVIDUAL the chance to prove himself.
It's not a coincidence the founding father's made only gold and silver legal tender, because governments can't create gold or silver coins as easily as they can create paper. A government that wanted much more money would have to take an individual's gold or silver which of course could lead to an uprising, so they can take it through inflation now . Men who don't control their land, their money and even their arms will only be free as long as the few who control it allow them to be.
You will find Globalist Credit Slave Mongers, who brought him up through mysterious, esoteric and meteoric prominence to help destroy the American monetary unit - and then become our savior by creating a new faux means of "slave-labor-unit-exchange" to make us all happy sheeple going..... "Baaaa, Baaaa" at his great TEMPORARY economic salvation, after which comes the butchers knife!
Out of 12,143 words in the bible - THIS WORD, "benefactors" only occurs ONCE! You would think people would look at who used it and why..... it is way more significant to the human condition than 'anti-gravity'. Luke 22:25 "And he [Jesus] said unto them, The kings of the Gentiles exercise lordship over them; and they that exercise authority upon them are called benefactors." - - - > WHO ARE OBAMA'S "BENEFACTORS"??? L(O)(O)K THERE FOR YOUR ANSWERS!
Since UBS has admitted breaking USA law by helping thousands of its clients not pay taxes, What's your take on future actions and revelations concerning the crackdown on wealthy tax evaders around the world?
I heard that the devil we don't know in this case is Larry Summers. Wall Street admittedly functions on a 6 month time frame. That said, they also recognize that government payments to service the debt will be something like 750 billion/year by 2019 (according to Paul Kangus on 'Nightly Business Report of 8/25). They raised the issue of our increasing debt obligations when the Fed raises interest rates again.
Peter said that average Americans will come to hate Bernanke.
I don't think average Americans understand enough to understand why we have inflation. Actually I don't thing average Americans know we have already gone through some big inflation.
All the average American understands is gas costs more, food costs more, etc. They don't understand the relationship. Our media keeps that a secret.
You're probably right, but honestly I don't understand much about economics and I already hate Bernanke. I do understand enough to know creating currency out of thin air causes the currency to be worth less and less, so I can't see how this simple concept escapes so many people.
buddyorville: I would not call you average. I would think you are way above average.
Most people don't even know who Bernanke is much less what he does.
I think most people could understand the causes of inflation if the media educated them. But we have a media that fills our heads with stupid useless things, not real information. Oh yes, occasionally there is good information, but not usually.
"...and if they do understand it, they're keeping quiet."
Cmon Peter you worked with Ron Paul. Don't you understand they want to kill the dollar and economy so we will be willing to merge with Canada and Mexico in a North American Union?
You next currency: The Amero. Just as soon as they get done killing our dollar. Its treason.
Bingo...as a matter of fact, they may skip the Amero all together and go straight to the world currency; ala Medvedev's offering at this year's G8 Summit.
Greenspan to Bernanke, there is a plan and there is a goal. It runs from the 2 Clinton administrations, thru the Bush W administrations and is culminating in the O administration. The US is being deliberately busted. Things are going to happen that just 1 year ago would have been unthinkable in the US. What is happening is not random.
I would rather they just dissolve the Fed Res power all together. It is a private bank with power beyond our govt. It controls the market instead of letting the market balance itself. There are supposed to be ups and downs in economies. It is a natural process of controlling over saturation of goods and enabling needs of goods. Putting the Fed in to manipulate the economy simply artificially modifies the economy and promotes these "bubbles"
Ben Bernanke should have allow the market forces to disclipne and clean out the garbage in the American economy. I would have been ready to accept a painful only temporary recession if would have maent great future for me and my fellow YouTube viewers of thiss video. Just my two cents orth; What do you think? On my channel;check my playlist number two and also tell me what you think? Positive or negative comments; I love to hear from you
Actually I'm not American so I have no such issues. Besides what's to stop you redeeming your FRNs for coins? Those are issued directly by the United States and have nothing to do with the Fed
You will understand how and why Obama is working with the Rothchilds to destroy America's Sovereignty and force us into a Communist Totalitarian country like China is!
Hehe give him an F :) heheh Peter they do understand it...they are doing it intentionally but you probably know this...or if u do not...please consider it.
Under Volcker the twin trade and budget deficits ballooned and US went from largest creditor nation to a debtor. Manufacturing and industry were destroyed and the bubble economy began, banks were insolvent from 3rd world loans, all the problems you talk about began under Volcker.
Looter92: Volcker's Fed is widely credited with ending the United States' stagflation crisis of the 1970s. Inflation, which peaked at 13.5% in 1981, was successfully lowered to 3.2% by 1983. Yes, unemployment was really high but that was necessary at the time.
Ben Bernanke is widely credited with ending the greatest financial crisis in history. Yes,the deficit skyrocketed but that was necessary at the time. The Stock market crash, the S+L crisis, the Rust Belt, GM going bust, Dollar devaluation, it all started in the 80's.
Actually, the great financial crisis happened during the Great Depression Looter92. Ben Bernanke is the same guy who said the housing bubble wouldn't burst, and it was completely sustainable, because supposedly Americans had higher wages. Heck even left liberals were telling me in chat rooms that wages actually decreased. Heh. Lol. Ben Bernanke widely credited? Should he be credited for the recession in the first place? Lol......
Those problems are primarily attributable to Reagan and his "Reagan Revolution." Under his Reaganomics, designed by Arthur Laffer (Some may remember seeing this man in a certain Youtube video), introduced the idea of cutting taxes while increasing government spending because "in the future the government will be rational and reduce spending to balance the budget." It sounds like you already know how that turned out. Volker almost single-handedly ended high inflation by forcing a recession.
Technically incorrect bobjman. Reaganomics by principle was of the following: 1. reduce the growth of government spending,2. reduce income and capital gains marginal tax rates, 3. reduce government regulation of the economy,4.control the money supply to reduce inflation. Also a part, a decrease in tax rates could result in increased tax revenue, and with easier, simplified tax code, you can incentivize supply side economy with goods, and services. Sure Reagan didn't keep all promises, who does?
I think the statement "they do not understand it" is wrong. They perfectly understand it, just like all the inflators that went before them. Meddling with the money supply has always been the most effective way of theft. 1.inflate;2.if speculation gets rampant and leverage is high, stop inflating3.buy up failing companies with printing press money.4.restart inflation.5.Sell back assets as prices rise because of inflation. Go back to 1
Peter, make sure you always state what should be done now, such as pegging the fed funds rates to the treasury rate in some way and why this will be beneficial.
Don't just criticize, offer new specific solutions.
Offer new solutions? That's all Pete does is offer solutions to these idiotic problems from the Fed. I do however disagree with him on one thing.. when he says that we need a better Fed chairman. What we need is NO Fed chairman, and NO Fed whatsoever. They have never been essential or beneficial to anyone.
They benefit the Rothchilds and others who get rich by sucking the wealth from people, but not the majority of Americans. It's interesting, the only people Jesus ever used physical force against were the bankers....something to think about: if we, the people as stated in the Constitution, printed our own money, would it not be in our best interest to limit the supply of it? After all, who wants to devalue that which they own?
Yes it is. If you're expecting a magic formula to avoid a recession, there IS NONE. Every boom caused by a massive expansion of credit must always be followed by a contraction and a bust. All these false economists who think we can manipulate our way out of a recession is smoking crack.
This is a good point. The perception is that schiff is negative and bernanke is providing a vital solution. Patriots favour their own country over others no matter what is right
unfortunately both perceptions while human, are flaws when it comes to economics and the fact the fed chairman pandas to politics and short term emotion is a disaster in independence the fed should represent
schiff offers a solution which is an open free market and we didnt and dont have that. too simple to be tru
But it doesn't, it simply means a faster adjustment of businesses to consumer needs and therefore solvency
I assume you get the businesscycle (although Galbraith appears not to when he fails to see the inflation-driven bubble in govt bonds!) so I won't go through that but here are the two problems businesses face when inflation ceases: 1those investors who financed overproduction suddenly face market clearing 2businesses overestimating savings find their prices unsalable-SO int. rates must RISE!
i agree it sure seems like on the surface ben is realltrying to help but you dont have to scratch very deep to see that he is really killing our economy it is going to be a real gut check when peopl have to start living within their means say it aint so no more plastic?
lol. Resident, I like your thinking. Yeah shows 302 for me. OMG! 302 is like 911- 609. 609 is area code for NJ which is the most statist place in America. 609 backwards is 906, which is the patent number for the Hypermedia Browser Application. 906 / 3 = 302, which is subsection of Chapter 5 which is the code for Armed forces Special Pay. Obama is "The One." So 302 - 1 = 301. When you add 301 and 906 you get 1207, which is the bill to end the Fed! This is crazy!
Don't worry about being stuck on 302. Send it to all you know and maybe a few will get the real message and send it on. Grass roots is the only hope to get these bastards under control.
You bring back alot of sanity to my mind. In the last 5 years I have questioned alot of what you talk about and think how short sighted, how unsustainable. Just because someone is in a position of power, doesn't mean they know what they are on about. Especially these career politicians
What you talk about makes so much sense to me and makes my understanding so much better.
cant wait for your new book, "Crash Proof 2.0: How to Profit From the Economic Collapse"to be released in September. An informed society is a prosperous society
Allan Greenspan got the nod how many times? And they say lightning doesn't strike twice. Bernake signals that nothing is going to change in terms of Fed policy. He is compliant and he will do what another Fed Chair may not do: drive the US deeper into debt and maintain White House influence over the Fed.
i believe youtube is holding down videos that aren't "mainstream" by limiting/lowering the view count. please list the view count each time you see this video!
He has caused this enitre mess, and worsened it. He caused a recession, and now is turning it into a damn depression!
Obama has one of his tools to destroy this country futher, cause more crisis, and poverty hence gov depndecy and smearing the Bush Admin with "reasjusted"(lies and busllshit by fabricated false horseshit imaginary complete GARBAGE GDP fihgues from a year ago and putting only a fraction of what has reaaly happened with numbers that don't add up on the previous adminstration)
Bernanke is doing an amazing job! For the people he is working for. I can assure you it is not the American people. Bernanke,Geithner, Paulson, GreenSpan etc all belong in jail. Greatest robbery in American history continues.
There is a reason why short term pain is sacrificed for long term pain. In a democracy is is only the short-term that matters. Four years and you are pretty much done, well maybe eight at the max, but even then you cannot think through more than 4 years at a time. Short-sightedness is the name of the game.
asperin, stick to the issue and don't character assassinate me. Bernanke is a scumbag and Obama rewards him. They think there going to get away with it but not for long the blood is on there hands and what they did. Educate yourself and read more. Bernanake is a LIAR AND A CRIMINAL!
I didn't make any ad hominem attacks, what you say makes me doubt if you understood what I was trying to say, so I'll repeat it once again.
Wanting someone to be in prison for a long time(or life), together with being in a dangerous prison where abuse might happen costs money, time, puts the life of other inmates at risk.
You don't benefit from the suffering that Bernanke might go through in jail.
Thanks to Bernanke millions died and are dying, he is a MURDERER.
asperin I don't care what you think of me okay! Bernanke is a scumbag AND I WILL SAY THAT AGAIN! He should be in jail for HIS CRIMES! are you getting all that down or am I talken to fast for you!
If all they are going to do is print money when we don't have any, then why even bug us? Why should we even have to pay taxes. They should just leave us alone if all they are going to do is print money.
My idea makes as much sense as what they do! It's all RIDICULOUS ! as Peter says.
We send people to Washington to do the RIGHT thing
I agree 100% Peter! Its the blind leading the blind, I was watching CNBC today around 8 am and they was talking about how Obama and Bernenke have gotten closer as friends and Obama wants to keep him, wtf?? You don't hire someone to a job just cause hes your new friend, hire them to do the JOB! Obama is just like Bush another liar!!!
I'm sure the Goldman Sacs Criminal Club is quite happy with the appointment - like Obama had a choice in the matter anyway...
I agree BB's decisions are disasters, but what is the real consequence to him...ZERO. He has no accountability. I hope he has lots of security around him, because people are soon going to do something about this mess.
your forgotting one thing Mr Schiff. They can bend the 'laws' of economics - why have inflation when you can just say "theres no inflation". They can do what they want to prop it up, theyh will continue to prop it up with more and more lies, half truths and printed money. its not going to collapse - just get worse and worse and worse.
They were talking about Larry Summers replacing "Double B". Talk about putting the fox in the henhouse.
Bernanke will go down in history as the man who "busted out" America. The biggest heist in the history of the world is still in progress, when the robbery ends so will America as we know it.
SCHIFFting the Senate 2010. Please donate to the exploratory committee to show Mr. Schiff that we value his opinions and beliefs to return our Nation to Liberty. We are losing our economic freedoms daily as our currency is worth less and less and our leaders keep spending more and more of these devalued dollars. We need sound economics in Washington, leaders that represent the people, not the special interest lobbyists.
Bernanke is going to make Greenspan look like a saint and Obama knows this that's why he is reinstated for another term.
4LOSTSOULSONLY 2 years ago
I listen to this rant and the question occurs to me how it is that they can hope to ignore this criticism.
It is because Peter Schiff, combined with all the voices of the entire Internet are to them, nothing more than a bug on the windshield.
They don't care what we think.
They have a bigger plan. They took our money, our houses, our cars, our education, sovereignty, constitutional rights, medical rights, etc, etc,
Now they are coming for us with H1N1.
UR Buying medical stocks, right?
950horsepower 2 years ago
I'm ready for Ben's Depression....bring it on.
Everyone needs to get into Precious Metals quickly...they're rising fast and it's not because industry is picking-up (silver rise) and the economy is recovery., rather people are fleeing the dollar, lets join our chinese friends that are getting into holding physical metals. The media has the US thinking there's a economic recovery, it's total BS. If we keep doing business as usual the outcome will be bad.. Peter Schiff is informed-correct.
AccuracyMarked 2 years ago
Ben Bernanke is a punk !!!
VeteransAgainstKonop 2 years ago
Bernanke is in fact an expert on the Great Depression. He's creating another one, on purpose, because this is what the gov't wants right now. We'll be in a shooting war with NK and Iran inside of 10-12-15 yrs. that will relieve the depression.
Most people don't know the incomprehensible depth the paranoia goes in these world leaders. US citizens will be convinced of the justice of the war once they start making money again.
barkulator 2 years ago
Bite a shotgun redneck
ariesram74 2 years ago
The devil is an evil entity! I can't believe that Obama actually said " The devil we know is better than the devil we don't". HIS eye is on the back of every $1 bill, I'm disgusted our president first said:
1) Our nation wasn't a Christian nation but a secular nation
2) The devil we know is better than the devil we don't.
Adahondeayenh 2 years ago
Im a southern US redneck and I looooove Jews, especially Brother Schiff! Jews are a gift from God. You think Schiff can help what skin he's born into? Nothing wrong with having assessments on various races/people's, but ALWAYS give each INDIVIDUAL the chance to prove himself.
pairunoyd 2 years ago
The Fed has simply been the means that private central bankers are enslaving the US thru debt.
The people need to take back their country and make an example of banksters with life prison sentences and total asset confiscation.
wazza33racer 2 years ago 2
STATE prison
XanatharEye 2 years ago
It's not a coincidence the founding father's made only gold and silver legal tender, because governments can't create gold or silver coins as easily as they can create paper. A government that wanted much more money would have to take an individual's gold or silver which of course could lead to an uprising, so they can take it through inflation now . Men who don't control their land, their money and even their arms will only be free as long as the few who control it allow them to be.
Crashtest517 2 years ago
You will find Globalist Credit Slave Mongers, who brought him up through mysterious, esoteric and meteoric prominence to help destroy the American monetary unit - and then become our savior by creating a new faux means of "slave-labor-unit-exchange" to make us all happy sheeple going..... "Baaaa, Baaaa" at his great TEMPORARY economic salvation, after which comes the butchers knife!
hugiaino 2 years ago
Out of 12,143 words in the bible - THIS WORD, "benefactors" only occurs ONCE! You would think people would look at who used it and why..... it is way more significant to the human condition than 'anti-gravity'. Luke 22:25 "And he [Jesus] said unto them, The kings of the Gentiles exercise lordship over them; and they that exercise authority upon them are called benefactors." - - - > WHO ARE OBAMA'S "BENEFACTORS"??? L(O)(O)K THERE FOR YOUR ANSWERS!
hugiaino 2 years ago
No one but Bernanke's wall street buddies are praising him - NOT THE American People.
lenny380 2 years ago
For some reason, he reminds me of Egon from Ghostbusters
BullnBearAnalytics 2 years ago
lets start a new campaign
BUSH IN JAIL
BERNANKE IN JAIL
hyylo 2 years ago
I am with you scorning Bernanke. The second I saw the announcement on TV, I made a HUGE facepalm.
LtSurge659 2 years ago 2
Hi Mr. Schiff
Since UBS has admitted breaking USA law by helping thousands of its clients not pay taxes, What's your take on future actions and revelations concerning the crackdown on wealthy tax evaders around the world?
bigsaltyballz 2 years ago
I heard that the devil we don't know in this case is Larry Summers. Wall Street admittedly functions on a 6 month time frame. That said, they also recognize that government payments to service the debt will be something like 750 billion/year by 2019 (according to Paul Kangus on 'Nightly Business Report of 8/25). They raised the issue of our increasing debt obligations when the Fed raises interest rates again.
33115566 2 years ago
$750 billion/year won't make a dent - by 2018, the interest, alone, on the national debt will be at least $1 trillion.
beauzackosta 2 years ago
Peter said that average Americans will come to hate Bernanke.
I don't think average Americans understand enough to understand why we have inflation. Actually I don't thing average Americans know we have already gone through some big inflation.
All the average American understands is gas costs more, food costs more, etc. They don't understand the relationship. Our media keeps that a secret.
katiatomsk 2 years ago 2
You're probably right, but honestly I don't understand much about economics and I already hate Bernanke. I do understand enough to know creating currency out of thin air causes the currency to be worth less and less, so I can't see how this simple concept escapes so many people.
buddyorville 2 years ago
buddyorville: I would not call you average. I would think you are way above average.
Most people don't even know who Bernanke is much less what he does.
I think most people could understand the causes of inflation if the media educated them. But we have a media that fills our heads with stupid useless things, not real information. Oh yes, occasionally there is good information, but not usually.
katiatomsk 2 years ago
"...and if they do understand it, they're keeping quiet."
Cmon Peter you worked with Ron Paul. Don't you understand they want to kill the dollar and economy so we will be willing to merge with Canada and Mexico in a North American Union?
You next currency: The Amero. Just as soon as they get done killing our dollar. Its treason.
cashmny78 2 years ago 3
Bingo...as a matter of fact, they may skip the Amero all together and go straight to the world currency; ala Medvedev's offering at this year's G8 Summit.
jawneblaize 2 years ago 2
"Helicopter" Ben. This is the final straw. Obama is Wall Street's boy and always was. This proves it beyond a shadow of a doubt.
Econocataclysm 2 years ago
Greenspan to Bernanke, there is a plan and there is a goal. It runs from the 2 Clinton administrations, thru the Bush W administrations and is culminating in the O administration. The US is being deliberately busted. Things are going to happen that just 1 year ago would have been unthinkable in the US. What is happening is not random.
pepeledog 2 years ago 3
It is so obvious Pepeledog, yet it seems soo freaking difficult for people to either understand or come to terms with.
jawneblaize 2 years ago
This comment has received too many negative votes show
Honestly who would he recommend? Bernanke may not be the best ever but he's the best we've got right now.
rolexx 2 years ago
I would rather they just dissolve the Fed Res power all together. It is a private bank with power beyond our govt. It controls the market instead of letting the market balance itself. There are supposed to be ups and downs in economies. It is a natural process of controlling over saturation of goods and enabling needs of goods. Putting the Fed in to manipulate the economy simply artificially modifies the economy and promotes these "bubbles"
Zoklor 2 years ago
What does it mean to monetize debt and deficits?
Melville10 2 years ago
It means print money to buy government debt, effectively devaluing existing currency (your savings and wage).
macamelo 2 years ago
Ben Bernanke should have allow the market forces to disclipne and clean out the garbage in the American economy. I would have been ready to accept a painful only temporary recession if would have maent great future for me and my fellow YouTube viewers of thiss video. Just my two cents orth; What do you think? On my channel;check my playlist number two and also tell me what you think? Positive or negative comments; I love to hear from you
albc1964 2 years ago
Surely any credit currency is just monetised debt anyway?
ivanleo 2 years ago
No it's not. Credit is money, but only the fed can legally print money and monetize debt. You and I have to either pay it down or default.
macamelo 2 years ago
Actually I'm not American so I have no such issues. Besides what's to stop you redeeming your FRNs for coins? Those are issued directly by the United States and have nothing to do with the Fed
ivanleo 2 years ago
good vid schiff
jlbearse 2 years ago
the people in power dont want it to change , hence the reason their satanic niggers on power trips
rikestard 2 years ago
This has been flagged as spam show
BARACK OBAMA works for the New World Order!
Listen to this audio book, "Behold a Pale Horse"
watch?v=6jfnQDgNX2E
You will understand how and why Obama is working with the Rothchilds to destroy America's Sovereignty and force us into a Communist Totalitarian country like China is!
NewChristianSoldiers 2 years ago
You tell 'em Peter.
Panpiper 2 years ago
Peter for President.
IaMCdN1 2 years ago 3
Hehe give him an F :) heheh Peter they do understand it...they are doing it intentionally but you probably know this...or if u do not...please consider it.
maslo1 2 years ago
Hey Peter GREAT JOB! Regarding the video's and 10 minute vs. 5 minute.
I'm okay with ten minutes. I want to know WHAT you have to say.
Keep up the GREAT work!
Joe
joescarafone 2 years ago 3
peter you are one of the good guys ,,,these fed guys are in the pockets of the bankers and they dont care about the country just lining their pockets
candiceevans1 2 years ago
Under Volcker the twin trade and budget deficits ballooned and US went from largest creditor nation to a debtor. Manufacturing and industry were destroyed and the bubble economy began, banks were insolvent from 3rd world loans, all the problems you talk about began under Volcker.
Looter92 2 years ago
Looter92: Volcker's Fed is widely credited with ending the United States' stagflation crisis of the 1970s. Inflation, which peaked at 13.5% in 1981, was successfully lowered to 3.2% by 1983. Yes, unemployment was really high but that was necessary at the time.
itrainsinoctober 2 years ago
Ben Bernanke is widely credited with ending the greatest financial crisis in history. Yes,the deficit skyrocketed but that was necessary at the time. The Stock market crash, the S+L crisis, the Rust Belt, GM going bust, Dollar devaluation, it all started in the 80's.
Looter92 2 years ago
Actually, the great financial crisis happened during the Great Depression Looter92. Ben Bernanke is the same guy who said the housing bubble wouldn't burst, and it was completely sustainable, because supposedly Americans had higher wages. Heck even left liberals were telling me in chat rooms that wages actually decreased. Heh. Lol. Ben Bernanke widely credited? Should he be credited for the recession in the first place? Lol......
PontiffMystic 2 years ago
Those problems are primarily attributable to Reagan and his "Reagan Revolution." Under his Reaganomics, designed by Arthur Laffer (Some may remember seeing this man in a certain Youtube video), introduced the idea of cutting taxes while increasing government spending because "in the future the government will be rational and reduce spending to balance the budget." It sounds like you already know how that turned out. Volker almost single-handedly ended high inflation by forcing a recession.
bobjman 2 years ago
Technically incorrect bobjman. Reaganomics by principle was of the following: 1. reduce the growth of government spending,2. reduce income and capital gains marginal tax rates, 3. reduce government regulation of the economy,4.control the money supply to reduce inflation. Also a part, a decrease in tax rates could result in increased tax revenue, and with easier, simplified tax code, you can incentivize supply side economy with goods, and services. Sure Reagan didn't keep all promises, who does?
PontiffMystic 2 years ago
Let me get this straight....
1. the two fuckers, Bernake and Paulson, LET LEHMAN FAIL and kicked off this mess
2. they then got up stumbled and mumbled all over the words depression and shit causing the markets to fall even more...
3. Then finally they printed SHIT loads of money and fixed it!
I get the gist that it was something like this.
CONSPIRACY
fox20012 2 years ago
This has been flagged as spam show
watch my vid plz
nihilistcat 2 years ago
Some corrections:
Greenspan and Bernanke artificially lowered interest rates, setting off inflationary distortions including, most visibly, the housing bubble.
2. They said everything was fine during the aforementioned.
3. When it became clear all was not well in Inflationland, they turned prophets of doom (who said the only way to avert it was to bail out the banks)
4. They bailed out the banks and have pumped oodles of fiat money into the system, setting us up for a more pain repeat.
nonantianarchist 2 years ago
I think the statement "they do not understand it" is wrong. They perfectly understand it, just like all the inflators that went before them. Meddling with the money supply has always been the most effective way of theft. 1.inflate;2.if speculation gets rampant and leverage is high, stop inflating3.buy up failing companies with printing press money.4.restart inflation.5.Sell back assets as prices rise because of inflation. Go back to 1
modelmark 2 years ago
Peter, make sure you always state what should be done now, such as pegging the fed funds rates to the treasury rate in some way and why this will be beneficial.
Don't just criticize, offer new specific solutions.
Schweizer135 2 years ago 5
Offer new solutions? That's all Pete does is offer solutions to these idiotic problems from the Fed. I do however disagree with him on one thing.. when he says that we need a better Fed chairman. What we need is NO Fed chairman, and NO Fed whatsoever. They have never been essential or beneficial to anyone.
Burningphoenix888 2 years ago
They benefit the Rothchilds and others who get rich by sucking the wealth from people, but not the majority of Americans. It's interesting, the only people Jesus ever used physical force against were the bankers....something to think about: if we, the people as stated in the Constitution, printed our own money, would it not be in our best interest to limit the supply of it? After all, who wants to devalue that which they own?
n66178 2 years ago
that's what I've been saying for weeks. Peter rarely offers solutions.
bigsaltyballz 2 years ago
Comment removed
springsteel333 2 years ago
He does offer solutions. He wants government to back out and allow the recession to take its course. This means pain for us all in the short term.
badkid73 2 years ago 3
that's not a solution
bigsaltyballz 2 years ago
Yes it is. If you're expecting a magic formula to avoid a recession, there IS NONE. Every boom caused by a massive expansion of credit must always be followed by a contraction and a bust. All these false economists who think we can manipulate our way out of a recession is smoking crack.
badkid73 2 years ago 4
It's the only solution. & it's inevitable too.
rockstarofredondo 2 years ago
This is a good point. The perception is that schiff is negative and bernanke is providing a vital solution. Patriots favour their own country over others no matter what is right
unfortunately both perceptions while human, are flaws when it comes to economics and the fact the fed chairman pandas to politics and short term emotion is a disaster in independence the fed should represent
schiff offers a solution which is an open free market and we didnt and dont have that. too simple to be tru
ricochetVendetta 2 years ago
But it doesn't, it simply means a faster adjustment of businesses to consumer needs and therefore solvency
I assume you get the businesscycle (although Galbraith appears not to when he fails to see the inflation-driven bubble in govt bonds!) so I won't go through that but here are the two problems businesses face when inflation ceases: 1those investors who financed overproduction suddenly face market clearing 2businesses overestimating savings find their prices unsalable-SO int. rates must RISE!
Nintendomanwill 1 year ago
i agree it sure seems like on the surface ben is realltrying to help but you dont have to scratch very deep to see that he is really killing our economy it is going to be a real gut check when peopl have to start living within their means say it aint so no more plastic?
dragonflychainsaw 2 years ago
I think Peter loves saying Ben Bernanke.
AldoRama69 2 years ago
yeah the views are still at 302! this is nonsense, his videos are being demoted views. Youtube bends to political pressure once again.
InCharacter 2 years ago
THE U.S. IS DONE
in too DEEP
fortherichbytherich 2 years ago
lol. Resident, I like your thinking. Yeah shows 302 for me. OMG! 302 is like 911- 609. 609 is area code for NJ which is the most statist place in America. 609 backwards is 906, which is the patent number for the Hypermedia Browser Application. 906 / 3 = 302, which is subsection of Chapter 5 which is the code for Armed forces Special Pay. Obama is "The One." So 302 - 1 = 301. When you add 301 and 906 you get 1207, which is the bill to end the Fed! This is crazy!
ccarterc1984 2 years ago
what about 772? :D
handianus 2 years ago
People. Please donate a few bucks to his campaign. Lets get 1 million before he announce his nomination.
PLEASE
ivailoi123 2 years ago 4
302 for me
capitalist4life 2 years ago
I think I might sell out and become a Perma-Bull so I can get a job on CNBC.
Just kidding
I can't wait to see Peter Schiff and Bernanke go toe to toe if he becomes Senator.
ciottini 2 years ago 4
haha yes i really want to see that
DaveC86 2 years ago
Haha, Peter, you can't stick to 5 mins. Maybe shoot for 3 and you'll end up at 5... :)
tzankich 2 years ago
Comment removed
Narniak69 2 years ago
302. Ben's a rat. Take the red pill:
watch?v=P772Eb63qIY
thinkchip 2 years ago
Youtube counter gets stuck on 300 views for many videos. It is a glitch for months that has never been fixed.
residentzombie 2 years ago
its not a glitch... its number manipulation (algorithmically demoted) so schiffs videos wont go as viral as they should!
Jaconfilm 2 years ago
You have any type of proof that it's not a glitch?
handianus 2 years ago
Stop sayin 302.. lol youtube updates itself daily, but not every time someone watches it.
iloqin 2 years ago 2
Using your theory then the counter should be 0 views
residentzombie 2 years ago
i read greenspans book. he had no clue what was going on.
bnash2002 2 years ago
302 4 me
biguglytrux 2 years ago
302 and holding......(ben was a rat wasn`t he?)
bigtwo1952 2 years ago
Don't worry about being stuck on 302. Send it to all you know and maybe a few will get the real message and send it on. Grass roots is the only hope to get these bastards under control.
stevesprinceofsteaks 2 years ago
302 views
juegamagia 2 years ago
302 for me too
Cathyvalaz 2 years ago
yeah ....302 views
nwowarrior 2 years ago
still 302 views? ....right...
hardmod777 2 years ago
in my 12th grade "government" class we watched some BS tv interview with benny and the swell job the Federal Reserve was doing.
Angers90 2 years ago
END THE FED. Bernanke is one of the biggest morons among world central bankers. Fullstop.
SvrchovaneCechy 2 years ago
Still 302 views... something is wrong here!!!
abang90 2 years ago
youtube freezes the conservative views, lol
ddenkhaus 2 years ago
LOL, 302 also. No wonder the people are kept in ignorance, even the internet is rigged against anybody who tries to wake up the populace.
leafwatch 2 years ago
I say end the Fed, most fed chairmen can't be trusted anyway.
ZuzoFriend 2 years ago 2
We don't want a FED chairman at all.
I wonder how they can call Schiff an extremist on the monetary problems. How can they call the truth extreme?
jcvjcvjcvjcv 2 years ago 3
Peter Schiff is a crusader!!!!
rebelsolo54 2 years ago
who believes obama or bernenke anyways.......
iiooioooi 2 years ago
now there is 162 comments
marco114 2 years ago
Yay im the 302 viewer
StcNick 2 years ago
302 still... i fear its too late peter
stshell 2 years ago
Still 302 veiws. I like listening to Peter Schiff.
Pnkbong 2 years ago
F**k Bernanke and the Fed!
iwillspyonyou 2 years ago 3
You bring back alot of sanity to my mind. In the last 5 years I have questioned alot of what you talk about and think how short sighted, how unsustainable. Just because someone is in a position of power, doesn't mean they know what they are on about. Especially these career politicians
What you talk about makes so much sense to me and makes my understanding so much better.
Thanks, really like listening to you
turbotrana 2 years ago
I cant wait till you put these jokers in there place on the SENATE floor!
joeymackaroni 2 years ago 3
I think Peter knows what we really need is no central banker at all.
chaseantarctica 2 years ago 3
cant wait for your new book, "Crash Proof 2.0: How to Profit From the Economic Collapse"to be released in September. An informed society is a prosperous society
goforthewhole 2 years ago 2
there was at least 307 ratings - 308 with mine.
pwl1980 2 years ago
still 302
WTF?
pwl1980 2 years ago
Yep - 302
triplebrick 2 years ago
Allan Greenspan got the nod how many times? And they say lightning doesn't strike twice. Bernake signals that nothing is going to change in terms of Fed policy. He is compliant and he will do what another Fed Chair may not do: drive the US deeper into debt and maintain White House influence over the Fed.
bearmare 2 years ago 2
Green shoots? I hope it's not kudzu.
jc7622 2 years ago 4
But, but, but, but I have been reading that the economy was improving and the worst was behind us.
jc7622 2 years ago
Another Great video Peter. Thank you for your efforts to educate Americans on what is going on.
Perceiving 2 years ago
302. Probably YouTube just updates the counter periodically, not on-the-fly. Or they have a bug. Bugs happen.
dmgoddard 2 years ago
still 302 views, i suggest everyone rate and comment untill there are more comments and ratings then views
shaynehunter 2 years ago
This is incredible... 302 views for me too.
Living4Him2Day 2 years ago
302 views. First time I've seen this video today.
harveybirdmannequin 2 years ago
Views get locked by youtube for all channels who are partners, till they verify that all views are legit.
The view count will increase in about 6 hours or so, just like it does for all partners.
Which is why on a lot of videos just released by channels, you'll see that ratings is higher than views.
So it's not some big government scheme, get real.
AleXGT7 2 years ago
Still at 302. Youtube is definitely monitoring his. Probably getting paid by the White House.
itachi705 2 years ago
Hey, I've got 302, too!
ImKatita 2 years ago
302
joviallyinsouciant 2 years ago
youtube gangsters
shaynehunter 2 years ago
302 for me too...know your enemy...
Jesus0Saves0Lacy 2 years ago
Pouring gasoline onto it, lol.
Peter, you need to use your signature analogies in your campaign. They'll get you elected for sure.
itachi705 2 years ago
still 302
joe9027 2 years ago
302 for me too.
Think we are all seeing a prime example of BIG BROTHER
Peter is a loose cannon to US Govt. They would do anything to keep him down evan his view count........
GuildF40 2 years ago
302 for me also
thaddeusn78 2 years ago
302 views.
Anythingwilldo41 2 years ago
302 for me as well.. WTMF!!?
molotovcocktail9 2 years ago
You make perfect sense - thank you Peter
lenny380 2 years ago
302.
carl980 2 years ago
was listed as 302 views when I loaded it as well.
alberto1005 2 years ago
Bernanke is a thief
marniespeaks 2 years ago
i believe youtube is holding down videos that aren't "mainstream" by limiting/lowering the view count. please list the view count each time you see this video!
for me: view count = 302
brianLp518 2 years ago
Great video ,I`ve been blaming Greenspan and Bernanke myself .
centralscrutinizer76 2 years ago
He has caused this enitre mess, and worsened it. He caused a recession, and now is turning it into a damn depression!
Obama has one of his tools to destroy this country futher, cause more crisis, and poverty hence gov depndecy and smearing the Bush Admin with "reasjusted"(lies and busllshit by fabricated false horseshit imaginary complete GARBAGE GDP fihgues from a year ago and putting only a fraction of what has reaaly happened with numbers that don't add up on the previous adminstration)
deltapunk21 2 years ago
thank you, Peter
nakedrat 2 years ago
Of course they love him, they made them all much wealthier.
eurohim 2 years ago 3
2 blogs in 1 day? Nice...
IronTapeProductions 2 years ago
Sorry not the "greatest robbery in American history" should have read..."in the history of the world".
ScottishViking1977 2 years ago 3
Bernanke is doing an amazing job! For the people he is working for. I can assure you it is not the American people. Bernanke,Geithner, Paulson, GreenSpan etc all belong in jail. Greatest robbery in American history continues.
ScottishViking1977 2 years ago 5
thanks for the video
bowtie728 2 years ago
I think they know exactly what they're doing. They are purposely trying to destroy the economy so they can take complete control of the country.
gasellers 2 years ago 3
"He's the one making all the beer runs" Hahahaha.
fivestarmichael 2 years ago
Another awesome vlog!
dgrabaskas 2 years ago
There is a reason why short term pain is sacrificed for long term pain. In a democracy is is only the short-term that matters. Four years and you are pretty much done, well maybe eight at the max, but even then you cannot think through more than 4 years at a time. Short-sightedness is the name of the game.
82abhilash 2 years ago
Hey Peter: Love the show. But do pay attention and get rid of that random annotation at the beginning of your video this week!!!
Trench216 2 years ago
Your my favorite politican to be honest. =]
drew335533 2 years ago
Impeach Obama!
Bernanke should be in JAIL!
END THE FED!!
Gwenlj 2 years ago 2
Bernanke in jail?
Who's gonna pay that?
Save time and money, get a rope and a tree.
Want to end the FED? advocate secession.
asperin 2 years ago
asperin yes jail! he won't make it alive in Jail! They'll beat his ass! he would be a scared little bitch!
Gwenlj 2 years ago
because of his wealth and status, he would end up going to a minimum security facility with mink sheets and carpets.
aaronbasile 2 years ago
Gwenlj:
You sound like a torturer.
The suffering of a human does not benefit anyone or anything, only the torturer that experiences pleasure at the anguish of others.
asperin 2 years ago
asperin, stick to the issue and don't character assassinate me. Bernanke is a scumbag and Obama rewards him. They think there going to get away with it but not for long the blood is on there hands and what they did. Educate yourself and read more. Bernanake is a LIAR AND A CRIMINAL!
Gwenlj 2 years ago
I didn't make any ad hominem attacks, what you say makes me doubt if you understood what I was trying to say, so I'll repeat it once again.
Wanting someone to be in prison for a long time(or life), together with being in a dangerous prison where abuse might happen costs money, time, puts the life of other inmates at risk.
You don't benefit from the suffering that Bernanke might go through in jail.
Thanks to Bernanke millions died and are dying, he is a MURDERER.
asperin 2 years ago
asperin I don't care what you think of me okay! Bernanke is a scumbag AND I WILL SAY THAT AGAIN! He should be in jail for HIS CRIMES! are you getting all that down or am I talken to fast for you!
Gwenlj 2 years ago 2
Ok, lets send Bernanke to prison, but you Gwenlj will pay for his food, health and other services.
If you happen to change your mind call me.
asperin 2 years ago
Ben Bernanke and Obama have a lot in common. They always take the easy way out.
82abhilash 2 years ago 2
Schiff talking that sweet truth again
ceasey0xoogurl 2 years ago
History will vindicate you Peter.
Again.
iamacyborg 2 years ago 3
If all they are going to do is print money when we don't have any, then why even bug us? Why should we even have to pay taxes. They should just leave us alone if all they are going to do is print money.
My idea makes as much sense as what they do! It's all RIDICULOUS ! as Peter says.
We send people to Washington to do the RIGHT thing
and they do EVERYTHING WRONG !!!
It's like sending 6-year olds to Washington.
Ooops! that's an insult to 6-year olds.
maxellmusic 2 years ago
I agree 100% Peter! Its the blind leading the blind, I was watching CNBC today around 8 am and they was talking about how Obama and Bernenke have gotten closer as friends and Obama wants to keep him, wtf?? You don't hire someone to a job just cause hes your new friend, hire them to do the JOB! Obama is just like Bush another liar!!!
kev492001 2 years ago 5
bernanke should be ashamed of himself
warpicachu 2 years ago 3
I'm sure the Goldman Sacs Criminal Club is quite happy with the appointment - like Obama had a choice in the matter anyway...
I agree BB's decisions are disasters, but what is the real consequence to him...ZERO. He has no accountability. I hope he has lots of security around him, because people are soon going to do something about this mess.
aw3212 2 years ago 2
your forgotting one thing Mr Schiff. They can bend the 'laws' of economics - why have inflation when you can just say "theres no inflation". They can do what they want to prop it up, theyh will continue to prop it up with more and more lies, half truths and printed money. its not going to collapse - just get worse and worse and worse.
1974mjc 2 years ago
they are just like bad parents ... do what i say not what i do..
dax313xab 2 years ago 3
Some leaders understood the truth...they were killed.
flahr1 2 years ago 2
The term "Ponzi" is getting rather old. There are going to be plenty of modern apt terms to replace
cpswyl2 2 years ago
I agree, the most likely contender to replace "Ponzi" scheme is "Federal Reserve" scheme- or just "Fed" scheme.
Nickelodeon2002 2 years ago
yeah .. like the SSI scheme
Robert697 2 years ago
F Ben Bernanke! Die!!
alanhowitzer 2 years ago
They were talking about Larry Summers replacing "Double B". Talk about putting the fox in the henhouse.
Bernanke will go down in history as the man who "busted out" America. The biggest heist in the history of the world is still in progress, when the robbery ends so will America as we know it.
prescottbill 2 years ago 2
302 views 7:27
richardp14 2 years ago
SCHIFFting the Senate 2010. Please donate to the exploratory committee to show Mr. Schiff that we value his opinions and beliefs to return our Nation to Liberty. We are losing our economic freedoms daily as our currency is worth less and less and our leaders keep spending more and more of these devalued dollars. We need sound economics in Washington, leaders that represent the people, not the special interest lobbyists.
tuffystreasures 2 years ago