Peter Schiff 7/24/09 - CNBC with Dennis Kneale [Part 1]

[hallmobility]

"The worst is OVER! The worst is OVER!" Haha! Here we are a year later, the Dow in the same place, and even helicopter Ben is bearish. Peter Schiff for President!

[hallmobility]

What did Dennis say at 3:19? "We're not centering our economy on hydrocarbons, we're centering our economy on tack." Tack? As in horses and buggies? So I'll get my leather working tools and start making tack?

[westy44cal]

@hallmobility I think he said tech..ether way he is long gone and gold is way higher and Peter was righter than unemployed Dennis.

[salsaa24]

dennis kneale makes me nauseous...someone push the ejection button

[aviomaster]

-- HEY Dennise how people are going to pay for house which at the start of the bubble priced at 130.000$ and now it costs 260.000 $ , How are they going to pay for it ... HA Dennise ... House prices are way too high and only people with cash will be in good position to buy houses very cheap , foreclosed houses , and again poor people get screwed ... HOUSE prices are falling and will fall , to the start of the bubble.

[ufee]

CNBC is worse than Fox.

[OmarThePug]

At 6:20 I had to crack up. The look on that idiots face! Ha ha ha.

[ilsrwy27]

Dennis Kneale is the joke of the financial world. I don't understand why CNBC even keeps him around.

[adampeart1]

Exactly who is that smug little prick in the top right corner? Some ivy league trust funder with a year's worth of real world experience? My bets are on Peter on this one. Bailed out investment firms/banks/fed are buying up the devalued US stocks with taxpayer money to take control of huge segments of the economy, NOT private investors.. Rothchilds did it in England, JPMorgan did it in the 30's, and Goldman Sachs is doing it now, except now their doing it with stolen taxpayer money.

[pieaficionado]

The side-parting is still the hair style of choice for Ivy leaguers so I suspect you are right.

[nogl0001]

great clip for Peter Schiff Was Right v2.0. they are saying a lot of stupid stuff. lol.

[SinoEuroCantoNemo]

Over 9000!!!! Lets see how long dow stays here.

[frolicchap]

Art Laffer in the making. This video will be priceless in 2012 :)

[portlandore]

how many times does Peter Schiff have to be correct for them to finally "get it".

Peter has been so consistent on his message- he forces them to bring up historical data, then backtrack and say historical data doesn't matter as soon as he proves his point....

I'm a Europac customer and proud of it

[rockman22]

these people are paid off to peddle propaganda. if only people were smart enough to see past it and listen to schiff.

[myliverwurst]

Dennis Kneale is a jerk

[reivorg]

This will probably be included in "Peter Schiff was right...again (2010)"

[Panpiper]

Possibly the most idiotic host on network tv.

[YouriCarma]

You heard it Folks, It's buying time. Alice would like that.

[methodmf]

the host is a fag. informcial

[Hendo1974]

CNBC is the mouthpiece of the government who MANIPULATES the damn markets over and over again! Including quantitive easing=excess money printing digitally, the financial shit is beginning to hit the fan, only get worse over the next 3-5 years!

[sublimetrance]

When did this Dennis Kneale guy get hired on CNBC? I have never seen him until recently.

I almost think CNBC management started bringing this Kneale guy on to promote and hype the markets with optimism.

If Kneale turns out to be wrong, he will be someone easy to fire at CNBC...

Anyone know what kind of contract Kneale has with CNBC and when he got it?

[drakflyga]

Peter dominates the show lol. 5 dudes there and he takes 50 % Of talk

[OumAmir]

I think this'll be good fodder for the next Peter Schiff Was Right video mid-Depression edition.

[jman375]

He actually said. "The worst is over,at least for a little while!"

Well then it aint over!!

[Lyndehouse]

Peter Schiff is not a genius. He just got a good education in Austrian economics which makes him look like a genius.

The others probably know he is right but have a vested interest in keeping the Ponzi schemes and the fake stock market alive.

[moshe88]

Is it just me, or is Peter looking really tan?

[MayadaJeffery]

CNBC Nielson ratings crashed after March 2000. Can't let that happen again.

The 'money honey' was a household word.

[flagship21]

that host is a fool

[UpTick21]

I meant "Program Trading" not "Program Buying"

[UpTick21]

Dennis Kneale is a fucking idiot . . . Peter is right. I am totally out of US investments . . . TOTALLY!!!! This is a BS rally!! I have had it with the market manipulation and the "Program Buying", the "Dark Pools" (Google those terms). The markets love sheeple that they can manipulate. I am so pissed with the market manipulation I can just spit!!!

[josda1000]

Keep it up Peter. This is great lol What an easy win.

[JackNeedles]

Rome wasn't built in a day and the Great Depression didn't happen in a week. These guys are idiots, except for Peter, obviously. Give it time, this will be a prolonged economic collapse and it won't take a day.

[MichaelASchwartz]

"the worst is over...at least for aa little while." doesn't that mean that the worst is NOT over and it will eventually get worse? What an idiot.

[mixen71]

These guys on CNBC(Dennis included) are all about short term plays.Good luck with that type of strategy inthe long run.Peter Schiff understans Austrian economics and thats why he and other Austrian adherents were able to cooreectly identify the docom and housing bubbles.The two great Austrian economists of the 20th century(mises and hayek)were virtually alone in the 1920's in predicting a crash.Mainstream economists were talking about permanent booms.WRONG AGAIN!!

[dankeewolnir4042]

its like we went back in time a few years... not in reality, just in media reality. It seems like none of this woke anyone up. The US is still NOT PRODUCING ANYTHING. We arent gonna run our country on Coca Cola and McDooDoos still growing in China... All the good cars, computers, tech, resources, labor, etc... not coming out of the states right now, and no sign of it coming soon. How are stocks gonna go up (for real), if companies dont see profits (for real) in the near future?