Mr Schiff -- please let others finish a sentence. You're right on the money, but you do yourself a disservice by being so strenuous and unrelenting. Please find a facet of yourself that can conduct a conversation without the histrionics -- it doesn't help you communicate with you audience to be so stressful.
It would be tremendous to see you on The Daily Show with Jon Stewart or with Colbert or even battling asshats like Bill Maher, but they won't take the risk while you're so aggressive.
No they won't "risk" it because they don't want "conservatives" on their air. The Daily Show admitted as much...
/watch?v=JiRBT5vl7Tk
Also I think they just don't want people like Schiff to be heard. He WAS a guest on the daily show back in 2009 after a lot of what he said came true and the "Schiff was right" video was circulating. But my feeling is that was only because what he was saying could be interpreted as "anti-Wall St"...so Stewart wanted him on. Hasn't been on since..
@LevelheadedFitness wants you to watch the debate on therealnewsnetwork as if you'll have an epiphany. Just finished watching it. All of Peter's aforementioned inflation arguments are being vindicated, right now.
Look at a chart of 2010 asset performance numbers on Barry Ritholtz's blog.
@vincentaxelrod If you look at the comments and youtube videos reguarding that interview many people including myself have had an "epiphany". As for prices, even Rogers has said that it is mostly because of the middle east and the stuff thats going on over there and because of shortages. The banks are sitting on thrillions lol, a lot of the money isn't even in circulation...where is your evidence lmao. Is it a coincidence that all this is going on in the middle east and prices are rising. LOL
I have never heard "deer in the headlights" before on the radio, thank you Peter, that was amusing. You can just about hear the starry eyed, *blink*, *blink*, *blink* from Jacob Geiger.
Peter stop fucking quacking all over youtube. Your the one that needs fact checking. You got so embarrassed on the real news network. I have to admit, I stopped listening to your BS
Owned!! Peter Schiff and Ron Paul woke me up years ago and I think this guy realizes he's right. They helped me save my 401K and I started investing in precious metals.
@1776Rosco Peter has some great points and if you took his advice on commodities you have made some money. Of course, all you would need is to look at a chart of gold and you would be able to make the assumption that it is going to continue to go up...but hey, whatever. I used to blow Peter just like you did. Until I saw him get embarrassed on therealnewsnetwork.
@LevelheadedFitness You mean the guy who barely let him talk? I wouldn't say he lost anything factual in that debate, I'd argue the other guy was bolder and louder than he was.
@sirellyn He lost everything factual. Simply watch the debate on therealnewsnetwork website and it clearly shows every factual error of Peter Schiffs. Your obviously blind. The reason Peter is ridiculed and is interrupter so much is because he is arguing with his own made up "facts". Which they address during the interview and Peter keeps denying it. The interviewer said he would post the fact on his web..and he did. Making Peter look even dumber.
@LevelheadedFitness The real news does one better, it actually has a transcription below the video. But scanning through it I can't see anything Schiff was factually wrong on. Maybe you can point at least one factoid out.
He didn't communicate why not to tax the rich well in terms that audience would understand though. Still he wasn't off on anything.
@sirellyn Well for one he talks as if deflation is a good thing, it may be good in theory for the common man but it will be a disaster to our government and all government programs, everything that the government has a hand in would collapse if deflation occurs, he talks as if its a good thing. 2) We had higher taxes in the 50' and 60's at almost 90% and the economy was amazing, he denies. 3) That we don't produce anything when in fact we produce more than anyone EVER has. continued--
@sirellyn continued: also lets not forget that he says if you tax the rich you are taking away money from the rich that would have been invested, which would then help the economy. That is just non sense...I mean think logically, if you are a billionaire, which is who they are talking about taxing the interview, you just sit on that money...any billionaire or even millionaire will tell you the same.
This whole video is so hilarious. Peter Schiff is just ripping into this guy. It sounds like a Dad yelling at his son. "You should write her a letter of apology!" Props to the guy for even coming on the show though. He even admitted he was wrong in some ways. But wow that was funny.
The commodity markets are being manipulated. Expect the commodity bubbles to break and the dollar rise. The USA is heading for a massive deflationary depression. For the safest way to invest, search You Tube for CONTRACT PROFITS.
Schiff makes a strong argument for the affect the fed is having on global inflation. And while I agree with him on principle that the current policies are short sighted and detrimental long term, he far oversimplifies the argument. To say that the supply of US dollars is the only significant factor in global inflation is equally arrogant and asinine. Do we need to reconsider global monetary policy? Yes! Is it the sole driving factor of global inflation? Heck no!
Awesome work Peter! Should have mentioned Cotton whose annual production was little changed, where the Statist apologist excuses of flood/drought/fire etc does not fly AND YET still shared the same parabolic price increases.
I've never heard of PolitiFact and I will never read or listen to anything they put out. How could that guy be so unprepared when debating the likes of a Peter Schiff?
Thanks Peter. It's nice seeing these morons called out for the garbage they write. That guy is an idiot.
it is soooo funny seeing americans freaking out after corn appreciated 20%... they should try living in country where money debase 5 times in 10 years... after a while, one gets used to it, and so will you
Every time after Peter speaks there is a huge silence, the guy just doesn't know what to say anymore. You got to give it to him to keep it up for 20 min. :)
fff all the denier, American gotta stop blame on China. Look at your living and chinese living, they eat shit everyday while you doing nothing and eating fat cheese? maybe we should learn from the chinese eat shit.
I so appreciate Peter Schiff and what he's doing...attempting to get someone to correc their flaws article that others will read and falsely assume is true. has an uncanny way to make sense out of the complexity of the global economics.
the west has been pretty stagnant for about 30 years. The rich are getting richer speculating on bubbles and busts. The middle end up with nothing after being robbed to subsidize the dependent ones.
@arcanekrusader We could clarify your statement a bit more and say the rich are getting richer CAUSING bubbles and bursts. Well that and bribing our government to lower their taxes while raising the middle classes, and bribing the government to hand out corporate welfare. Basically the rich just use our government as their $^#&@.
I saw Jim Bullard on CNBC. He callously dismissed the concerns of seniors who have lost interest income due to ZIRP and are struggling. He said something to the effect of 'they can choose their own investment decisions, like everyone else.' In other words, they're free to try their hands at day trading, derivatives, maybe add some leverage and take some risk to make up for their lost interest income. ZIRP is a deliberate theft to savers to recapitalize the banks, and this guy knows it.
Get ready for QE3 folks! The "Federal" Reserve never saw a printing press it didn't like.
If you think we've seen the worst of the current economic DEPRESSION and things are going to just magically turn around, go work for Politifarce. They seem to be just as delusional as you "hope and change" flavored kool-aid drinkers.
NO COMPROMISE! END THE FED! RETURN to a Constitutional system! Anything less is re-arranging deck chairs on The Titanic.
Peter just took a reality-dump on PolitiFARCE's forehead!
THANK YOU PETER! You once again prove, that logic, facts, research and REALITY will ALWAYS outweigh opinions, emotions, propaganda, and misguided ignorance.
Peter is not the guy you want to be in his sights. He is very aware of what he is asking, what he has already asked and whats being prepared to ask. You might as well close up shop, pack your shit and quit. Props Pete
That was one great argument and proof, Peter. Every time he tried to switch the context you let me do so, and then showed how that new context leads to the same conclusion. I almost feel bad for that guy... but can't.
@MerrillMedia I agree. See, that's one reason Peter is so great. The Fed likes to use a lot of smokescreens (as Peter would say) to hide what they are doing and what is actually going on. Someone (such as the guy in this clip) who only looks at the situation from a couple angles will never see the truth, but someone who takes all angles into consideration will be presented with undeniable logic.
This was like a good boxing fight. This poor guy, Jacob, probably still doesn't quite know what hit him! I mean the punches were flying from all directions. Peter Schiff, you were being ruthless ;)
I don't think we can put 100% of the agriculture commodities price increase on the back of the fed. There are also supply issues with wheat and corn for example but not so much with rice. Just looks at the price of rice which did not move that much since last June ("only" +15%).
Mr. Geiger is living in a fantasy land, there must have been so much cognitive dissonance for Peter to cause it all to come crashing down on him. "Uhh...er...uhh...uh.....now....uhh. see... no...uhh.. honestly....err uhh.. clearly... uhhh... well......." JUST DO THE RIGHT THING AND ADMIT PETER SCHIFF WAS/IS RIGHT.
"China's going to buy our debt" hahaha As if they don't regret buying the debt they've already bought. He believes in the strength of the dollar. Don't worry, the world needs us and our dollars. They can't not buy our debt. They can't let us sink. The world needs us too badly. The rest of the world only exists because of us. Americans have no excuse. A bunch of fat, ignorant, arrogant, propaganda loving people with internet, t.v., two cars, a house, a 4 wheeler, and NO love for Capitalism.
I suppose it's asking too much to skip another Senate run in six years and throw his hat in the ring for President. He's getting more face time in the media, but maybe that would be overreaching. i'm probably being unrealistic but would love to see that. I'm looking for a couple to try to buy their way into it, Trump and Bloomberg and who knows who else. I don't blame him for not wanting to put all his own resources on the line.
It is to bad that Mr. Schiff did not win in CT. The US Senate sure could have used another staunch fiscal conservative to sit next to Rand Paul. Mr. Schiff keep up the good work.
PolitiFact gained a lot of notoriety during the whole birther controversy. They can't get their facts on the economy, I doubt their facts about Obama is true.
the guy is green rook and peter just toying with his pray , the u.s. has the reserve currency so other countries have to print to maintain the same ratio or their exchange ratio will be disproportional all transactions go into us currency's first
I like Peter, I think he's right about a lot of things, but I hate the tea party. I used to support it, but they have become the Christian fundamental party of insane people. If you are a run of the mill American Christian, these people DON"T share your religion. These people are crazy, they want a theocracy, they want forced prayer in schools, outlawing of gay people, abstinence only sex ed in school (which produces more pregnancies EVERYWHERE it's tried) etc. Kick them out!
@Zimba9810 Im not an expert but basically the way I see it. We dont have enough money to pay our debt to the Fed so we borrow from other countries to pay it. When they buy our debt they print more of their own which devalues theirs and if they dont print to buy ours then their cur strengthens. most countries have tons of dollars as their reserves so it in their interest keep the dollar up but at the same time its working against their interest. If im wrong feel free to correct i think thats it
Countries that don't want their currency to rise relative to the $ will print money. That is the 'race to the bottom' of currency debasement. Comparing Gold to different currencies will tell you who's 'winning' the race. China is a special case b/c of the peg.
Since the US$ is the reserve currency, this is how we 'export' inflation. The price of food is up 35% around the world this yr (less in the US for now).
Bernanke will literary cause millions of deaths from starvation.
That was some of the most entertaining pwnage I've witnessed in quite a while. I even cringed a little for pete's poor guest despite the fact he was clearly wrong. ; /
Let's all give Geiger a hand for conceding some major points when he was shown the logic - maybe he'll go out and read some Austrian books now. Kudos to Peter for hosting a substantive debate - so often media debates go to commercial before they've really begun.
I think Peter would be better served to more accurately gauge the dynamics between him and his guests. I think the reporter backed off early on and Peter was perhaps a bit too aggressive in shredding him. Peter needs to focus on building his pool of guests, especially ones who disagree and to do that we can't have pure ownage like we have here. If I were the guest I would probably not appear on the show again.
@EnnesX [Peter was perhaps a bit too aggressive... needs to focus on building his pool of guests]
Yeah, I'd have to agree. Wouldn't want to see Peter turn into another host that screams over his guests. This was more an interrogation and self rebuttal than an interview. Peter was answering his own questions so fast I don't think the guest could follow.
Are you kidding? The guy had nothing to say. Schiff DID stop talking multiple times and the guy just sat there. He had no response. Sure, half the time after about 5 seconds of silence he started making noises as if he were about to say something, but dead air and a little bit of mumbling does not make good radio.
If Schiff didn't keep picking up the slack and chiming in people would have started thinking there was something wrong with their speakers.
In all fairness, Jacob Geiger seems receptive to what Peter says though. This can be an important "shift" in his way thinking. He may actually see things in a new light from this. I'd hope so. At least Peter etched something to his memory that won't go away for some time.
A good interview, and while it can suck to be in that situation, it's a situation we likely all have been in --- it's called learning. We're all ignorant of something :)
The current commodity bubble is pure speculation, exacerbated by people like Peter who go on TV predicting $5000 gold.
When the price of oil suddenly tripled to $150 and then down to $30, it wasn't because the money supply tripled. It was caused by speculative derivative leveraging, followed by de-leveraging. Same with the 1980 commodity spike.
The Fed causes the 1-2% inflation in a basket of goods, not commodity spikes. That's irrational exuberance, which existed long before the Fed.
peter interrupts people so much because they say so many things that are incorrect.. if you dont wanna be interrupted dont say somethign false and/or stupid.
The FED never said Quantative Easing would end in June. They said they expected to add additional funds through June. Not that it would be done in June. QE2 has no end and no where did the FED say it did. They set no limit or time frame, only stated what they would be doing through June.
This guy his written a statement pretending that fed printing has barely affected the price of economies yet in this interview he freely admits that the fed is the major contribiutor to the dollars value. LOL and ive just heard him admit that its the fed fault for the current losing so much value.
Tell you what as dumb as he might seem her i prefer this guy a shit load more than the most. I dont think hes that dumb and at least hes HONEST. That honesty makes him better than 95% of economists.
Can you say dollar collapse? People are not paying $1400 for gold because its shinny and looks neat in bars. We are at the end of a fiat dollar cycle. You will not get a formal notice to exit the dollar. The last one out looses the most and the race has already started. God help us all.
Alesina A. & G. Tabellini. 1990. " A positive theory of fiscal deficits and government debt". The Review of Economic Studies 57: 403-414
Persson T. & L.E.O Svensson.1989. "Why a stubborn Conservative would run a Deficit: Policy with Time-inconsistent Preferences. The Quarterly Journal of Economics. 104:325-345.
The strategic use of debt by the incumbent to influence the choices of successors. Equalibrium debt = higher when degree of "polarization" is high.
total destruction. geiger is an absolute idiot! politifact is FAIL!!
halflifeproductionz 4 weeks ago
Schiff was right. Schiff is right. Schiff will be right.
TWSceptic 2 months ago
"You're a sport for coming on the show"...[and getting your ass handed to you.] lol
mikerotcherson 8 months ago 3
This guy is just way out of his league.
mikerotcherson 8 months ago 2
Geiger got owned hard core. Can't argue with the great economic guru.
xtreme1002003 8 months ago 2
Hahahaha! What a spanking!
randyrobson 10 months ago 2
Mr Schiff -- please let others finish a sentence. You're right on the money, but you do yourself a disservice by being so strenuous and unrelenting. Please find a facet of yourself that can conduct a conversation without the histrionics -- it doesn't help you communicate with you audience to be so stressful.
It would be tremendous to see you on The Daily Show with Jon Stewart or with Colbert or even battling asshats like Bill Maher, but they won't take the risk while you're so aggressive.
adamgreen222 11 months ago
@adamgreen222 Ohhh I would love to see Peter take on Bill Maher. Every time I see Maher I just get nauseated at how arrogant and yet ignorant he is.
deke76 10 months ago
@adamgreen222
No they won't "risk" it because they don't want "conservatives" on their air. The Daily Show admitted as much...
/watch?v=JiRBT5vl7Tk
Also I think they just don't want people like Schiff to be heard. He WAS a guest on the daily show back in 2009 after a lot of what he said came true and the "Schiff was right" video was circulating. But my feeling is that was only because what he was saying could be interpreted as "anti-Wall St"...so Stewart wanted him on. Hasn't been on since..
mikerotcherson 8 months ago
Cornered!
Olaus84 11 months ago
Epic!
topshotmx8 11 months ago
Soon ,very soon all this will come to a end.
The poor of the world have nothing left to take .
mikevalentine100 11 months ago
Peter is merciless. I felt embarrassed for Jacob.
ktowncapitalist 11 months ago 2
LOL! Hilarious!
MrGreeneggsnham 11 months ago
Question from Peter Schiff. Crickets. Incoherent answer or question from Jamie Radtke follows.
I <3 Peter Schiff.
anevilpettingzoo 11 months ago
@LevelheadedFitness wants you to watch the debate on therealnewsnetwork as if you'll have an epiphany. Just finished watching it. All of Peter's aforementioned inflation arguments are being vindicated, right now.
Look at a chart of 2010 asset performance numbers on Barry Ritholtz's blog.
vincentaxelrod 11 months ago
@vincentaxelrod If you look at the comments and youtube videos reguarding that interview many people including myself have had an "epiphany". As for prices, even Rogers has said that it is mostly because of the middle east and the stuff thats going on over there and because of shortages. The banks are sitting on thrillions lol, a lot of the money isn't even in circulation...where is your evidence lmao. Is it a coincidence that all this is going on in the middle east and prices are rising. LOL
LevelheadedFitness 11 months ago
Damn Pete. You squashed him like a slow fat mosquito.
You can kinda hear it in Pete's voice towards the end.. the way he laughs.. he's thinking - Damn I fucked this guy up too much.
chroNick546 11 months ago
omg this is a rape in the butt. politifact? lmao
resutoran 11 months ago
I would like to report a rape.
g00se99 11 months ago
@g00se99 ya me too. Peter Schiff on therealnewsnetwork. Damn Peter got fucked in the ass in that debate.
LevelheadedFitness 11 months ago
@PaperorSilver Peter was Ron Paul's economic advisor in 2008. :-)
Aryaba 11 months ago
I have never heard "deer in the headlights" before on the radio, thank you Peter, that was amusing. You can just about hear the starry eyed, *blink*, *blink*, *blink* from Jacob Geiger.
Aryaba 11 months ago 2
the CPI is a lie.......
realhardmoney 11 months ago
Peter stop fucking quacking all over youtube. Your the one that needs fact checking. You got so embarrassed on the real news network. I have to admit, I stopped listening to your BS
theUSER101 11 months ago
Politi-faux is more accurate
Endafed 11 months ago
Lol Mr. Geiger has never ran into an Austrian school economist. Imagine if we could see these debates in the main stream media...
1972challenger 11 months ago
Owned!! Peter Schiff and Ron Paul woke me up years ago and I think this guy realizes he's right. They helped me save my 401K and I started investing in precious metals.
As always, thanks Peter!!
1776Rosco 11 months ago
@1776Rosco Peter has some great points and if you took his advice on commodities you have made some money. Of course, all you would need is to look at a chart of gold and you would be able to make the assumption that it is going to continue to go up...but hey, whatever. I used to blow Peter just like you did. Until I saw him get embarrassed on therealnewsnetwork.
LevelheadedFitness 11 months ago
@LevelheadedFitness Blow Peter? Fuck you!
1776Rosco 11 months ago
@LevelheadedFitness You mean the guy who barely let him talk? I wouldn't say he lost anything factual in that debate, I'd argue the other guy was bolder and louder than he was.
sirellyn 11 months ago
@sirellyn He lost everything factual. Simply watch the debate on therealnewsnetwork website and it clearly shows every factual error of Peter Schiffs. Your obviously blind. The reason Peter is ridiculed and is interrupter so much is because he is arguing with his own made up "facts". Which they address during the interview and Peter keeps denying it. The interviewer said he would post the fact on his web..and he did. Making Peter look even dumber.
LevelheadedFitness 11 months ago
@LevelheadedFitness The real news does one better, it actually has a transcription below the video. But scanning through it I can't see anything Schiff was factually wrong on. Maybe you can point at least one factoid out.
He didn't communicate why not to tax the rich well in terms that audience would understand though. Still he wasn't off on anything.
sirellyn 11 months ago
@sirellyn Well for one he talks as if deflation is a good thing, it may be good in theory for the common man but it will be a disaster to our government and all government programs, everything that the government has a hand in would collapse if deflation occurs, he talks as if its a good thing. 2) We had higher taxes in the 50' and 60's at almost 90% and the economy was amazing, he denies. 3) That we don't produce anything when in fact we produce more than anyone EVER has. continued--
LevelheadedFitness 11 months ago
@sirellyn continued: also lets not forget that he says if you tax the rich you are taking away money from the rich that would have been invested, which would then help the economy. That is just non sense...I mean think logically, if you are a billionaire, which is who they are talking about taxing the interview, you just sit on that money...any billionaire or even millionaire will tell you the same.
LevelheadedFitness 11 months ago
@LevelheadedFitness
"Sitting on the money" usually means putting the money in some financial institution, making it available to the capital market for investment.
JohnRinNoHo 11 months ago
Geiger was on a loser the second he opened his mouth!
We in the UK are also spending our way into insolvency; it's INSANE!
Dave.
DrDave953 11 months ago
@alanthomo84 Hahaha so true! I like how towards the end he quietly murmurs "I guesss the Fed" just like a small boy you are right!
vanraizen 11 months ago
hahaha. this was an excellent interview.
can we get peter schiff to interview obama.
peter schiff rocks!!!
hyylo 11 months ago
"Who's going to buy all these treasuries? Are YOU going to buy them?"
" NO! China's going to buy them…"
hahahahaha Keep schooling these tools, Peter! :D
progressxoverdue 11 months ago
This whole video is so hilarious. Peter Schiff is just ripping into this guy. It sounds like a Dad yelling at his son. "You should write her a letter of apology!" Props to the guy for even coming on the show though. He even admitted he was wrong in some ways. But wow that was funny.
dankfizzy 11 months ago
but but core inflation is 2 %
crock2020 11 months ago
OMG total kill by schiff.
40pluss 11 months ago
When the Commodity bubble bursts property will dive and then climb sky-high, as well as precious metals. There is nowhere else to safe invest.
ShootBigBird 11 months ago
Ownage...
snarbywrx 11 months ago 2
The commodity markets are being manipulated. Expect the commodity bubbles to break and the dollar rise. The USA is heading for a massive deflationary depression. For the safest way to invest, search You Tube for CONTRACT PROFITS.
drkevincampbell 11 months ago
Schiff makes a strong argument for the affect the fed is having on global inflation. And while I agree with him on principle that the current policies are short sighted and detrimental long term, he far oversimplifies the argument. To say that the supply of US dollars is the only significant factor in global inflation is equally arrogant and asinine. Do we need to reconsider global monetary policy? Yes! Is it the sole driving factor of global inflation? Heck no!
circuswookie 11 months ago
Schooled!!
GoldenDragon214 11 months ago
Whether a political hack or a Columbia University economist, Schiff owns them all.
anti0918 11 months ago
Awesome!!!!!
dmger14 11 months ago
Awesome work Peter! Should have mentioned Cotton whose annual production was little changed, where the Statist apologist excuses of flood/drought/fire etc does not fly AND YET still shared the same parabolic price increases.
bman2112 11 months ago
owned
RoyMunnson 11 months ago
I've never heard of PolitiFact and I will never read or listen to anything they put out. How could that guy be so unprepared when debating the likes of a Peter Schiff?
Thanks Peter. It's nice seeing these morons called out for the garbage they write. That guy is an idiot.
zz911wasInsideJobzz 11 months ago 2
Yep, Schiff ran circles around him and schooled the idiot who seemed to not have any intelligent answers on the subject, none!
yaahme 11 months ago
Nice work!
When do you inteview the Bernank?
BrotherDevious 11 months ago 2
Peter needs to start charging tuition.
sulwyn 11 months ago 32
A discussion between a student and a grandmaster.
MrKostol 11 months ago 31
it is soooo funny seeing americans freaking out after corn appreciated 20%... they should try living in country where money debase 5 times in 10 years... after a while, one gets used to it, and so will you
coturnix19 11 months ago
PURE PWNAGE
emp0rizzle 11 months ago
Every time after Peter speaks there is a huge silence, the guy just doesn't know what to say anymore. You got to give it to him to keep it up for 20 min. :)
me2995 11 months ago
Jacob Geiger = OWNED. What a little weasel. He's the typical liberal, full of opinions that are based on blind assumption and no real data.
djono123 11 months ago
Das Schiff wins again.
msungs 11 months ago 2
PWNG
romanmir01 11 months ago
At 3:55 it begins. Poor guy, what an ass wooping.
FUZZYisBIG 11 months ago
fff all the denier, American gotta stop blame on China. Look at your living and chinese living, they eat shit everyday while you doing nothing and eating fat cheese? maybe we should learn from the chinese eat shit.
jnnycliff 11 months ago
lol, reduced him to a stuttering heap. I could feel the realization that Peter is right sweeping over him
Valhalla1 11 months ago
That was like an open palm strike to the face. LOL. politifact is a socialist disinformation machine.
hydin1 11 months ago
Food Inflation 101... 5 Stars Shiff!!!!
Gang5t3r916 11 months ago
You demolished this guy
bobdole57 11 months ago
Aaannnnnd boom goes the dynamite......
jp4rp08 11 months ago
OWNED!!!!!
032603032603 11 months ago
Ron Paul / Peter Schiff 2012! End the Fed!
Leftovervictim1991 11 months ago
This is the best video peters did in a long time .I enjoyed every minute of him destroying this guy.
centralscrutinizer76 11 months ago
DEATH AND DESTRUCTION
bobjimjones 11 months ago
Peter PWNed this guy's arguement....he took him back to school lol
jnadreth 11 months ago
I so appreciate Peter Schiff and what he's doing...attempting to get someone to correc their flaws article that others will read and falsely assume is true. has an uncanny way to make sense out of the complexity of the global economics.
livingwaterutube 11 months ago
BOOM! HEAD SHOT!
Thumb This.
Tomta20012 11 months ago
Jake you just got Rick Rolled.
StepUPNJ 11 months ago
the west has been pretty stagnant for about 30 years. The rich are getting richer speculating on bubbles and busts. The middle end up with nothing after being robbed to subsidize the dependent ones.
arcanekrusader 11 months ago
@arcanekrusader We could clarify your statement a bit more and say the rich are getting richer CAUSING bubbles and bursts. Well that and bribing our government to lower their taxes while raising the middle classes, and bribing the government to hand out corporate welfare. Basically the rich just use our government as their $^#&@.
pryorka82 11 months ago
I saw Jim Bullard on CNBC. He callously dismissed the concerns of seniors who have lost interest income due to ZIRP and are struggling. He said something to the effect of 'they can choose their own investment decisions, like everyone else.' In other words, they're free to try their hands at day trading, derivatives, maybe add some leverage and take some risk to make up for their lost interest income. ZIRP is a deliberate theft to savers to recapitalize the banks, and this guy knows it.
TreachMarkets 11 months ago
That guys Career opportunity's just CRASHED worse than the dollar
RGW88 11 months ago
Get ready for QE3 folks! The "Federal" Reserve never saw a printing press it didn't like.
If you think we've seen the worst of the current economic DEPRESSION and things are going to just magically turn around, go work for Politifarce. They seem to be just as delusional as you "hope and change" flavored kool-aid drinkers.
NO COMPROMISE! END THE FED! RETURN to a Constitutional system! Anything less is re-arranging deck chairs on The Titanic.
ThoughtCrime1011 11 months ago 3
Peter just took a reality-dump on PolitiFARCE's forehead!
THANK YOU PETER! You once again prove, that logic, facts, research and REALITY will ALWAYS outweigh opinions, emotions, propaganda, and misguided ignorance.
ThoughtCrime1011 11 months ago 2
Peter always knows what he's talking about, but this was so chocked full of logic even the guy he was talking to could see the light.
ncleppe 11 months ago
best schiff clip in a long time.
BrandorT 11 months ago
not only should he write another article stating his apology
he should also subscribe to the peter schiff radio show and tell all his readers to do the same
we all learn from peter!!
thanks peter!!
rawer77 11 months ago
Peter is not the guy you want to be in his sights. He is very aware of what he is asking, what he has already asked and whats being prepared to ask. You might as well close up shop, pack your shit and quit. Props Pete
patgoodall1 11 months ago 3
Logic and facts destroy "inflated" opinion every time !
Iain1962 11 months ago
That was one great argument and proof, Peter. Every time he tried to switch the context you let me do so, and then showed how that new context leads to the same conclusion. I almost feel bad for that guy... but can't.
honestann 11 months ago 2
oh man, i could hear the glass house inside this guy's mind shattering.
vegaspilot03 11 months ago 4
You just articulated exactly what I was thinking. LOL@vegaspilot03
TimothyADonaghue 11 months ago
What's the point of listening to Peter school some mental wimp on economic science? Entertainment? LOL
TimothyADonaghue 11 months ago 3
@TimothyADonaghue
to expose opinion as fact and to destroy talking points, if this clown is wrong what about the upper echelon of main spin media
europa 11 months ago
I was asking rhetorically. :) @europa
TimothyADonaghue 11 months ago
I actually commend the guest for being open minded and honest enough with himself to change his opinion when presented with the truth.
MerrillMedia 11 months ago 3
@MerrillMedia I agree. See, that's one reason Peter is so great. The Fed likes to use a lot of smokescreens (as Peter would say) to hide what they are doing and what is actually going on. Someone (such as the guy in this clip) who only looks at the situation from a couple angles will never see the truth, but someone who takes all angles into consideration will be presented with undeniable logic.
ncleppe 11 months ago
This was like a good boxing fight. This poor guy, Jacob, probably still doesn't quite know what hit him! I mean the punches were flying from all directions. Peter Schiff, you were being ruthless ;)
niunka1 11 months ago
I don't think we can put 100% of the agriculture commodities price increase on the back of the fed. There are also supply issues with wheat and corn for example but not so much with rice. Just looks at the price of rice which did not move that much since last June ("only" +15%).
cnxtrans 11 months ago
Pete OWNED the Kat!!! speechless
bullmarketseeker 11 months ago
Pete OWNED the Kat!!!
bullmarketseeker 11 months ago
Mr. Geiger is living in a fantasy land, there must have been so much cognitive dissonance for Peter to cause it all to come crashing down on him. "Uhh...er...uhh...uh.....now....uhh. see... no...uhh.. honestly....err uhh.. clearly... uhhh... well......." JUST DO THE RIGHT THING AND ADMIT PETER SCHIFF WAS/IS RIGHT.
Koutetsu 11 months ago
Damn, Peter owned this guy. He sounded like he was questioning his own statements about that woman.
deke76 11 months ago
"China's going to buy our debt" hahaha As if they don't regret buying the debt they've already bought. He believes in the strength of the dollar. Don't worry, the world needs us and our dollars. They can't not buy our debt. They can't let us sink. The world needs us too badly. The rest of the world only exists because of us. Americans have no excuse. A bunch of fat, ignorant, arrogant, propaganda loving people with internet, t.v., two cars, a house, a 4 wheeler, and NO love for Capitalism.
66chevyo 11 months ago
I suppose it's asking too much to skip another Senate run in six years and throw his hat in the ring for President. He's getting more face time in the media, but maybe that would be overreaching. i'm probably being unrealistic but would love to see that. I'm looking for a couple to try to buy their way into it, Trump and Bloomberg and who knows who else. I don't blame him for not wanting to put all his own resources on the line.
BridgetoSomewhere 11 months ago
Oh yeah, this was epic. I remember hearing it during the show.
Dude got pwned.
SpecialFester 11 months ago
It is to bad that Mr. Schiff did not win in CT. The US Senate sure could have used another staunch fiscal conservative to sit next to Rand Paul. Mr. Schiff keep up the good work.
MrInfounderground 11 months ago
PolitiFact gained a lot of notoriety during the whole birther controversy. They can't get their facts on the economy, I doubt their facts about Obama is true.
FireGuyX 11 months ago
This guy just got seriously schooled by Peter. LOL
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kmg501 11 months ago
the guy is green rook and peter just toying with his pray , the u.s. has the reserve currency so other countries have to print to maintain the same ratio or their exchange ratio will be disproportional all transactions go into us currency's first
fun782house 11 months ago
the guy is green rook and peter just toying with his pray
fun782house 11 months ago
I like Peter, I think he's right about a lot of things, but I hate the tea party. I used to support it, but they have become the Christian fundamental party of insane people. If you are a run of the mill American Christian, these people DON"T share your religion. These people are crazy, they want a theocracy, they want forced prayer in schools, outlawing of gay people, abstinence only sex ed in school (which produces more pregnancies EVERYWHERE it's tried) etc. Kick them out!
christo930 11 months ago
peter just rapes everyone on his show, i kinda feel bad for them haha
TheThejoseph 11 months ago
This was a painful trainwreck to listen to... Peter destroyed this guy!
eagleeye1975 11 months ago
can someone explain why american printing more cause other country to print more? Peter said it would protect their exchange rate but i dont get it.
Zimba9810 11 months ago
@Zimba9810 Im not an expert but basically the way I see it. We dont have enough money to pay our debt to the Fed so we borrow from other countries to pay it. When they buy our debt they print more of their own which devalues theirs and if they dont print to buy ours then their cur strengthens. most countries have tons of dollars as their reserves so it in their interest keep the dollar up but at the same time its working against their interest. If im wrong feel free to correct i think thats it
pdxeddie1111 11 months ago
@Zimba9810
Countries that don't want their currency to rise relative to the $ will print money. That is the 'race to the bottom' of currency debasement. Comparing Gold to different currencies will tell you who's 'winning' the race. China is a special case b/c of the peg.
Since the US$ is the reserve currency, this is how we 'export' inflation. The price of food is up 35% around the world this yr (less in the US for now).
Bernanke will literary cause millions of deaths from starvation.
danL1011 11 months ago
Peter Schiff..... WINNING!
ufobuzz 11 months ago
That was some of the most entertaining pwnage I've witnessed in quite a while. I even cringed a little for pete's poor guest despite the fact he was clearly wrong. ; /
Ixandius 11 months ago
so this is what radio rape sounds like
CDub817 11 months ago
J. Geiger: Journalism and European History major '09
Ouch. What was he thinking accepting the invitation? Peter was nice to him and "educated" him instead of schooling him.
danL1011 11 months ago
@danL1011 Zing.
Salford999Red 11 months ago
pwned
MafiaWarsGuru 11 months ago
He also has to remember that "Peter Schiff was right"!
roseagain2 11 months ago
damn that guy was boring.
schiff kept it entertaining though.
silveristhefuture 11 months ago
Let's all give Geiger a hand for conceding some major points when he was shown the logic - maybe he'll go out and read some Austrian books now. Kudos to Peter for hosting a substantive debate - so often media debates go to commercial before they've really begun.
flowerpt 11 months ago
lol this guy cares about core inflation?
goes to show that these "fact check" watchdogs don't know what they are talking about.
ch1kusoo 11 months ago
I think Peter would be better served to more accurately gauge the dynamics between him and his guests. I think the reporter backed off early on and Peter was perhaps a bit too aggressive in shredding him. Peter needs to focus on building his pool of guests, especially ones who disagree and to do that we can't have pure ownage like we have here. If I were the guest I would probably not appear on the show again.
EnnesX 11 months ago
@EnnesX [Peter was perhaps a bit too aggressive... needs to focus on building his pool of guests]
Yeah, I'd have to agree. Wouldn't want to see Peter turn into another host that screams over his guests. This was more an interrogation and self rebuttal than an interview. Peter was answering his own questions so fast I don't think the guest could follow.
danL1011 11 months ago
@danL1011
Yeah Peter has a problem letting people speak.
BarrySlisk 11 months ago
@BarrySlisk
Are you kidding? The guy had nothing to say. Schiff DID stop talking multiple times and the guy just sat there. He had no response. Sure, half the time after about 5 seconds of silence he started making noises as if he were about to say something, but dead air and a little bit of mumbling does not make good radio.
If Schiff didn't keep picking up the slack and chiming in people would have started thinking there was something wrong with their speakers.
mikerotcherson 8 months ago 2
I feel embarrassed for these hacks
WalridgeWalrus 11 months ago
Gotta love SCHIFF. He is arguing with an idiot. Very entertaining
PlatinumGordon 11 months ago 23
@PlatinumGordon He seems to do that a lot :P
arcanekrusader 11 months ago
@PlatinumGordon Don't discredit the guy, both has valid points.. Peter Schiff is more articulated...
boipinoi604 11 months ago
*****
pepintheshort100 11 months ago
Peter basically ripped him a new ass hole. NICE
Pepsifx357 11 months ago
Sounds as if Schiff`s having problems finding quality guests for his new talk show to me
kcirdrab 11 months ago
DESTROYED is all I can say.
hazeee123 11 months ago 26
Dude's gonna be walking funny for a week. Peter bent him over the table on that one.
gsszuber 11 months ago 3
I learned nothing from this interview. still love ya schiff.
natearnett 11 months ago
This is an example of an idiot having his ass handed to him in his hat.
ORGDNR 11 months ago
In all fairness, Jacob Geiger seems receptive to what Peter says though. This can be an important "shift" in his way thinking. He may actually see things in a new light from this. I'd hope so. At least Peter etched something to his memory that won't go away for some time.
A good interview, and while it can suck to be in that situation, it's a situation we likely all have been in --- it's called learning. We're all ignorant of something :)
dradeel 11 months ago 2
Geiger will need trauma counselling after this interview. Schiff took him apart like a swiss clock.
Michael7477 11 months ago
The current commodity bubble is pure speculation, exacerbated by people like Peter who go on TV predicting $5000 gold.
When the price of oil suddenly tripled to $150 and then down to $30, it wasn't because the money supply tripled. It was caused by speculative derivative leveraging, followed by de-leveraging. Same with the 1980 commodity spike.
The Fed causes the 1-2% inflation in a basket of goods, not commodity spikes. That's irrational exuberance, which existed long before the Fed.
rxbladess 11 months ago
That kid probably paid 100K
for is education.........
seadog92023 11 months ago
if you search Jacob+Geiger+Owned this is the first result...really....
uwmbigb 11 months ago
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uwmbigb 11 months ago
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uwmbigb 11 months ago
LMFAO!!! that was like watching Adam Sandler play dodgeball with kindergarteners.
BarryOcuda 11 months ago
Well done Sir, well done.
TheSigExperience 11 months ago
BEST INTERVIEW EVER. peter ruined that guy so hard i screamed.
onceRoquin 11 months ago
WOW! That little kid just got DEMOLISHED by Peter!
Peter, you let you guest talk and this just gave him more rope to hang himself.
RCSuperPowers 11 months ago
That was hard to listen too....poor kid. lol
Buergs323 11 months ago
Who let the feather weight compete with the world champ??
Wsmpjones 11 months ago
this guy got schooled i think he wanted the interview over alot sooner
mrace84 11 months ago
HERPA
DERPA
DOO
HiveDes 11 months ago
HAHAHAHHAHAHAHA! SO FUCKING OWNED!
PETER IS THE MAN!
odin422 11 months ago 2
@odin422 After Jacob hung up the phone, he cried, and then called a counseling service for rape victims.
AndrewLLFrazier 11 months ago 2
@AndrewLLFrazier mental, logical, methodical rape...but in a teaching way, hahahaha!
odin422 11 months ago
This show should be retitled "Peter's Back Alley" where he invites Fed shills and mugs them of credibility and integrity.
LordDyhalto 11 months ago
@LordDyhalto HAHAHAHA
odin422 11 months ago
Politifact is Politiopinion
Daniel44125 11 months ago
peter interrupts people so much because they say so many things that are incorrect.. if you dont wanna be interrupted dont say somethign false and/or stupid.
deshaebeasley 11 months ago
Peter owns!
MetalHeadViking 11 months ago
The FED never said Quantative Easing would end in June. They said they expected to add additional funds through June. Not that it would be done in June. QE2 has no end and no where did the FED say it did. They set no limit or time frame, only stated what they would be doing through June.
SuperSilverseeker 11 months ago
This guy his written a statement pretending that fed printing has barely affected the price of economies yet in this interview he freely admits that the fed is the major contribiutor to the dollars value. LOL and ive just heard him admit that its the fed fault for the current losing so much value.
Tell you what as dumb as he might seem her i prefer this guy a shit load more than the most. I dont think hes that dumb and at least hes HONEST. That honesty makes him better than 95% of economists.
NicosMind 11 months ago
Can you say dollar collapse? People are not paying $1400 for gold because its shinny and looks neat in bars. We are at the end of a fiat dollar cycle. You will not get a formal notice to exit the dollar. The last one out looses the most and the race has already started. God help us all.
tgpdlp1 11 months ago
Poor guy, I felt sorry for him by the end.... I think he learned his lesson, never ever to come on Peter's show again... :)
gerloczyek 11 months ago
Alesina A. & G. Tabellini. 1990. " A positive theory of fiscal deficits and government debt". The Review of Economic Studies 57: 403-414
Persson T. & L.E.O Svensson.1989. "Why a stubborn Conservative would run a Deficit: Policy with Time-inconsistent Preferences. The Quarterly Journal of Economics. 104:325-345.
The strategic use of debt by the incumbent to influence the choices of successors. Equalibrium debt = higher when degree of "polarization" is high.
DiggingNorway 11 months ago
Don't belittle the guests.
Paetaor 11 months ago