Peter Schiff and the American consumer 5/21/2008

[monkeymuggs]

Gotta love Honest people like Peter.

The only guy with Economics monetary theory out there.

[TajiTJ]

Spending is overrated. My consumer confidence has been at an all time low for a a few months. Have you seen the food prices lately. I worked in grocery when younger.

[mrzack888]

America will become Communist, while China will become Capitalist...

[ElCapitan1985]

Peter Schiff is pronking AWESOME!

[quest2k]

what show is this from and how can i hear the whole thing?

[julebuggy]

"Wall St. Unspun", radio show.

Every Wednesday evening 8-9 EST streaming from his website europacDOTnet

[novawolverine]

The best part is that he has all his shows archived. You can watch shows from back in '06. Sometimes John Catalfio fills in, but he's good too. He gives more data w/ less editorial about the macroeconomics. So it's just a different style. But it's great, and it makes you more confident in Peter seeing how he has predicted things right. Especially impressive is how he saw before just about anyone the scope of the housing mess and how it would effect so many sectors of the economy.

[novawolverine]

and when his show started gold was like half of what it is now.

[DOLLARCRASH1984]

I have a savings gen inside me ! ! !

[pootron]

price controls = the death of the free market, and the birth of shortages

when will Americans get that we will pay for gov debt one way or another?

[ruplestilskin1]

When a true genius appears in the world, you may know him by this sign, that the dunces are all in confederacy against him.  - Jonathan Swift

[lobsterdust]

Schiff predicted the housing bust back in 2004 and was laughed at. He predicted the dollar meltdown and was laughed at. Now he's telling it like it is about inflation and people are still making comments like "what a load of crap".

laugh at Schiff now, cry later.

[sting24001]

what a load of crap!

[julebuggy]

What specifically is a load of crap?

[PGAJAMIE411]

Yes, buy up and stock what you need, but BUY AMERICAN!

[eyewitness043]

Trade Deficit = We don' Make shit.

So buy American what?

Unless your talking about DEFENSE CONTRACTING America doesn't export shit but Arms which is subsidised by your tax dollars in the name of national security.

America is dead.

[SirExxon]

DRS was bought by the Italians, UDI was bought by the Brits, largest weapons system contract (tanker) was initially awarded to LMT/Airbus. Give it time and we'll be printing money to buy bullets from China.

[eyewitness043]

You're right about that except for the GAO stepping in on the tanker deal. The outsourcing of big business & US jobs is having a continual negative dollar for dollar impact on the trade deficit . What impact is that going to have on the already shot-up trade deficit and frozen economy? But I guess we're gonna blame terrorists for that too?

I'm no Obama supporter, but I do smell a 1-900-blame-a-nigger campaign cooking. That may be the go-to play. Let's be real, it does usually work.

[herbs814]

howtobuyamerican (dot) com

buyamericanmart (dot) com

buyamerican (dot) com

where there's a will, there's a way.

keep the faith.

Tu Ne Cede Malis

[PGAJAMIE411]

Yeah but aren't we just the simple sheep? What right do we have to ask for freedom from the elite who are higher than us? Don't we, by virtue of our inferior genetic code, deserve to be controlled for the pleasure of our masters?

Besides, I don't want to have to think. I like being dumb and ill-informed all at the same time. I get to watch pro sports and television. I like letting other people get my kicks for me. I am loving the matrix.

Land of the slaves home of the cowards!

Joe America

[davincij15]

More, More Go Peter it's your birthday. I want to join Peter Schiff fan club. :)

[BillVancouver111]

Peter has been so right for so long that we all should borrow as much money as we can and buy gold and oil futures as a hedge against the much higher prices coming our way. Oil will be $200 soon and gold will go to $2000 very quickly. Why would you keep any U.S. dollars while the FED is printing money faster than ever before to bail out the banks and financial companies and consumers. Hyperinflation will eat up your spending power.

[davincij15]

Yes and when you borrow to buy gold you have printed even more money to help along the inflation. So keep up the good work I want gold and silver prices way up there. Once it is discovered above ground silver is more rare than gold... Oh MY!

[Xasew]

"I mean is that guy for real?"

Best. Line. Ever.

[julebuggy]

My thoughts exactly.

"Maybe the average American will be spending millions of dollars a year" comes in 2nd for me.

[Shohadaku]

Americans wake up before you loose the rest of your rights. Don't leave this fight for our kids. Lets leave them with a better world.

[xxx12345yyy]

loose?

[szilardbszabo]

do you or don't you understand what he is saying?

[xxx12345yyy]

loose? Really? How about lose? You are Hungarian aren't you?

[szilardbszabo]

Yes, I am Hungarian, and speak and write 4 languages, how 'bout yourself? My point is just that the message counts, not the spelling. I am a stickler for spelling myself, but that applies to me only. Language is a tool to convey meaning. If you got the meaning why bother with criticizing syntax?

You have three mistakes in your ONE line of text, btw.

[xxx12345yyy]

Yeah yeah yeah. Anyway, I speak Hungarian too. I was born there.

[pootron]

szilardbszabo -

I've noticed a lot of people on youtube get anal about spelling errors in comments for no good reason. maybe they have too much time to spell check, or stunk at math/science so they have to feel good about something. Lots of smart people don't spell well, and lots of good spellers don't have the time to spell check non-formal comments.

[szilardbszabo]

pootron -

yeah, i lived in Hungary and people get real hung up on correct spelling. I memorized the whole spelling rulebook with about 400 rules... kid you not....Neither good or bad, just not really important at the end of the day. people are very well educated, however.

I can understand - though - how foreigners lose it when Americans cannot spell correctly to save their lives, while they busted their ass in school to learn OUR language properly.

[codematrix]

Let the truth be known. Peter's the man!!!

[InTheSticks1881]

:O)

[directorNY]

I love this guy. Buy GOLD.

If the gov't tell me it's sunny today and I look out the window and it's raining I'm taking an umbrella.

[StorminNormin1977]

Thank you peter!