anyone want to get 1 oz silver Morgan rounds for free? Go to //silversnowballdotcom/3897 and get some more info on how to do it!!!! Its a lot easier than you think!
The thing is the stimuluses & bailouts did not change the fact that we are 70% consumer based. Some people may say that the money is being invested when it is actually just going to stimulate more consumption & debt. We are going to pay for all of this spending big time in the future.
I agree 100% with Peter. The other guy is lost in the other recession. This is a completly different brand of recession. It's a credit crisis. With interest credit debt keeps piling up it's not just going to disapear.
I love Peter. Period. This guy speaks the truth, just like Ron Paul. Dennis Kucinich isn't bad either, but not like Ron or Peter. These guys are our hopes of bringing back America as our forefathers had it.
What is your entrenchment in this guns & fists dark-ages status quo continuum? Why so vague? Are you being paid to say this? Are U on welfare, or have a gov. job? Ad hominem slander: always a sign of weak argument.
How do your kids feel, sold out for many generations, into criminal-minded guns & fists of big, mafia-style, global fiat rule. Your comment is mere spam, as it sits.
Dr. Ron "Uncle Action Sam" Paul for Pres in 2010! (as R3volutions go.)
Stop trying to act like some kind of smarty pants. This SAME CNBC anchor was arguing against Schiff and even mocking him if you look at his past interviews.
And now, Peter Schiff is actually getting his respect (whether its sincere or not) from this same Anchor that used to mock him, using Peter's arguement against the other Guest.
And NO, I do not work for the gov't, have kids or on Welfare... and I'm not even American.
Your comment comes across as criticism of Schiff, if you can look at it objectively. I saw that as baseless, given there are many paid shills here who work to criticize the righteous ones like Peter.
Read it over again.
You called the anchor "fred flintstone" (who, like many of late, has turned coat to come to agree with Schiff.)
It's better to be clear w/ your comments ~ to save being so easily misinterpreted, as not everyone here knows you were not siding w/ Mussa.
Heheh, no problem. When I read my comment again, I don't even remember making it like that as I do usually try to make it clear, as I must have been in a somewhat rage at the hypcrocity of that anchor (as it seems very few humbly admit their incorrect position earlier)
Just check out some of my 'Favs' (I thought I had more, but on my comp, have alot of Ron Paul debate clips.. those are pure gold)
On a side note, alot of stuff G. Carlin talked about makes so much more sense after all this
Ironically, I was also watching this video called 'Liberty: The American Revolution' online, and it has made me think more clearer of a question I had... alot of the fears of a powerful central gov't has come true! (on Vid 6)
And those soldiers who had risked, fought, died, would have they done so if they knew what the current situation was today?
The Founding Fathers could not have imagined the power of the corporation and unelected officials presently, and effect on corruption.
Mussa is doing the a great disservice to this country and economy by telling blatant lies about the current situation we are in. Sorry we can't all be perma bulls and believe everythings going to always be okay, id rather hear the truth as bad as it may sound. This country needs to stop remaining in denial about how bad things really are, i know that ignorance is bliss but only the truth can set you free...and peter spreads the truth...peter lives in reality while the others are in la la land
The real reason the FED is so destructive is that they can manipulate interest rates upward or downward. An interest rate is a price. IT should be set by the market. The actual amout of savings(i.e. avilable supply of credit) and the amount of people trying to borrow(i.e demand) would drive the interest in a real free market. The FED gives false signals to all of the actors in an economy when it forces interest rates down.
Some of you are off in lala land with this rothschilds and rockefeller nonsense. YES, the Federal Reserve needs to go but not because it is "privately" owned. It is private(they would claim independent) in some respects, but is actually an arm of the federal govt. I would call it quasi-governmental.
This Mussa guy needs to quit looking at his big piece of paper to his right for all of his statistical mumbo-jumbo. He came in looking like a fool who had a bunch of numbers at his disposal without any ability to actually comprehend how little they had to do with the argument at hand (and furthermore, he made an extremely feeble attempt at actually showing how they were relevant at all).
I first watched this on the Europac website, but I didn't notice this because the video quality wasn't as good. You're right, Mussa is obviously looking at talking points off to his right. And then Schiff destroys Mussa's trump card of "the current account deficit is shrinking as a percentage of GDP" by simply stating that it is a result of artificially low interest rates. And then Mussa has to admit that it's true!
BTW, Mussa predicted in April '08 that the U.S. would have 2% growth in '09.
WHen the financial markets outnumber the world real economy by a ration two to one. The whole thing stops working from one point and after and the bubble deflates rather rapidly. The point is that Stock Markets distort values in the real economy and strangulate the real economy. The point is who REALLY pays this bill and that is the poor people that are wiped out by continuously rising prices in a system that they cannot possibly keep up. As REAL work is much harder than a paper value.
o Israel has killed Americans (eg. Sailors on USS Liberty, Rachel Corrie, etc...)
o Israel spies on this country (eg. Pollard, Kadish, AIPAC, etc...)
o Israel bought our politicians with our taxes.
o Israel steals our taxes, hence their higher income.
o Israel uses our country as their toilet.
Want more? Checkout my playlist.
Please share this post with others, and demand that your Senator and/or Representative uphold the laws when it comes to Israel's heinous crimes. Peace!
Guys like this Mussa are not to be trusted at all. Friendly smile and they scam you til your pockets are inside out. Anything to do with the IMF automatically no credibility in honesty especially the ranked members of it. Yes yes we will recover and this depression won't be as bad at the late 20's because...then he runs off. Oh we've been in this predicament before and recovered even though in the 80's stuff was still made here to some extent and then there was lending as well...
As an Argentinian, this is a big warning to everyone: DO NOT TRUST THE IMF. The 2001 crisis wasn't caused by eight decades of mismanagement, it was caused by goverments doing what the IMF told them to. The 2001 crisis was a result of 10 years of IMF policy which caused a massive disaster. Argentina was doing pretty good compared to the rest of Latin America until someone got the idea of doing what some foreign organization told them to. The result? 30% poverty, over 10% unemployment, etc.
Its because Argentina went into a partial deposit freeze, a partial default on public debt, and an abandonment of the fixed exchange rate led to a collapse in output, high levels of unemployment, and political and social turmoil. These events have raised questions regarding the country's relationship with the IMF because they happened while its economic policies were under the close scrutiny of an IMF-supported program.
The IMF forces goverments to follow economic recipes which lead to disaster. Low import taxes, currency appreciation, and other stuff which destroys the industry of third world countries, and most importantly, makes goverments spend loads of money, forcing them to go on default.
Lol so don't listen to peter listen to people like this Mussa...an IMF guy a fucking International Banker...the motherfuckers that are causing the motherfucking problem in the first motherfucking place...these guys all need to be indicted for their crimes...had to look into the guy and alls i had to see was the imf dedicating their service to this fuck for his 60th birthday...guys like this are the ones who smile at you and tell you invest your stocks and look at how he smiles! then they stab ya
these people, mussa just don't get it. The more govt propoganda they spew the more the people are going to strike back. Just wait till GM, GE and all government agencies become boycotted and tainted with more corruption. The people will be so fed up you won't even need violence to bring the government to its knees.
i want to slap the shit out of mussa, he tells peter to get his facts straight, what a fuckass. he works for the rothschilds and rockeferllers so its not suprising.
we don't need it back we have to adapt. We need to continue to invent new products and let the rest of the world manufacture them:) at home and abroad.
I love it when Schiff hands some Wall Street whore his ass on tv. How can you not roll your eyes up every time these propagandists like Mussa speak double-talk and start comparing our economic situation to the 1980's or 1930's and tell you that everything will be fine? Apparently Mussa got the facts from Peter Schiff right then and there. Kudos to Schiff once again. Looks like even some of the die-hard Wall Street media propagandists have been taking Schiff seriously now.
Schiff is right. Know why? Because he's been right just about every time before. And people who claim to have lost money on his past recommendations are just fools trying to go short and beat the market, which he specifically advised NOT to do.
The guy in the glasses is correct about our future not being like Argentina. Argentina was better off because of a much larger small farmer base so there wasn't mass starvation.
Here in the USA people will be dying, starving and dropping like flies. 7 million starved in the 30s depression. That was with a huge small farm base. We don't have that anymore. The average person has food to last 4-5 frickin' days!
We will be more like Weimar Republic or Zimbabwe in the next 2-3 years.
He has to debate people that are not only erroneous in their conclusions, but are delusional. These idiots so badly want the status quo to continue they just can't see truth. No different than political bias, or a deluded religious person for that matter. Facts mean nothing.
Every negative indicator is off the charts. Look around - businesses are dying on the vine and are hanging on by their fingernails right now. This is just the beginning.
I agree. I tried to take Mike Moussa seriously but how can you when he closes by talking about stimulus for the Reagan era recovery in terms of cutting taxes and industrial development, entirely missing the point - we are NOW PRINTING MONEY LIKE THERE'S NO TOMORROW. Hello? There is no comparison to be made there.
I like Peter's profession as always, but don't like his attitude. He keeps cutting people. In order to be a good debater, must be a good listener first.
These economists are lying with numbers. I started using my knowledge of mathematics to understand financials. I was appalled. I went to college as an engineer. I learned mathematics to create. They learn mathematics to lie.
Try and explain all this to the Average Joe and they dont get it. Show the Avg Joe how GDP is computed and I might as well show them a page of Latin. The Average Joe is mathematically illiterate. Average Joe is LITERALLY on a 3rd grade mathematics level.
For instance, GDP is inflation adjusted. However the gov lies by under-stating inflation. Thus gov GDP figures are a lie due to the under-reporting of inflation. GDP are falsely reporting growth that is not there. Remember, GDP is computed from the PRICES of goods and services spent within the economy.
Another problem is 20%-25% of GDP is government spending. That is bad enough by itself since 1/4 to 1/5 of the entire economy is kept afloat by just what the government spends!
However that problem is worse when you consider that the government deficit spends year after year. So again the GDP is additionally overstated because they are spending money NOW that they do not even have!
The net result again is over-stating the state of the economy of the current year by spending money from future tax revenues.
So these same economists always state that things are not as bad as they seem because the debt to GDP ratio is low. Again MORE problems with this because they understate the true debt!!!
What he said about Ronnie and the early 80's is true. Those polices did work. But that was the start of the bubble cycle and we are now at the end. The last bubble is in the T-bills. God helps us all. I just hope there will be enough educated people left when this blows to reinstall the constitution and the republic. My heart says yes, my head says no. Reminds me of the terminator, if ur reading this u are the resistance. My name is John Connor.
the main thing is reform the entitlement programs so it releases the pressure on future debt. this i mean medicare, medicaid and social security. also, shrink the government. that should fix it, though its easier said than done.
If this show on CNBC is bearish on economy, you know we are just in time for a major uptrend. Now saying that this will be a temporary uptrend lasting for around 6 months. After that the economy will fall off a cliff. In the meantime the US$ will rise a bit, fall a bit just like gold. After that gold will shoot up like a rocket. Go short gold for now and long the US$. Reverse positions by the end of the year.
If u want to lose your money quickly, listen to CNBC and Fox Business News including, Financial Guru J. Cramer,LOL! All these NWO propganda prostitutes and cheerleaders!
10 : 1 the Peterson Institute mouthpiece has never run a company and spent his whole life in academics/think tanks, not real working situations. Any monkey can recite facts and figures to substantiate a false position. Logic common sense and truth must be our measuring sticks.
Corporate and Personal Debt is never a good thing. You are talking about debt in the trillions. I think Peter is right with regard to 90% of what he says.. Where I disagree wtih him is that. I do not see the USA or 25% percent of global GDP being offset by anything else on the planet. China is 10 years away from having a GDP anywhere close to that of the USA. If the USA goes down that large sucking sound you hear will be all global investments going down with the US Markets
what do you mean by offset? hes not saying our gdp is going to get wiped out. hes saying that china's gdp is going to grow much faster than ours - hence one should invest in china over the US. plus a much larger portion of US gdp is consumption.
I don't think Peter puts much stock in GDP, as it's about how much an economy consumes, not produces. He's into China because China has a lot of built up saving PLUS a large amount of production. The USA has a large amount of debt MINUS a large amount of production
Schiff is very effective at frustrating anyone who tries to pass off propaganda as reality. It makes for great TV. For a boost in credibility and probably ratings too, CNBC should have this guy on much more often.
This has been flagged as spam show
anyone want to get 1 oz silver Morgan rounds for free? Go to //silversnowballdotcom/3897 and get some more info on how to do it!!!! Its a lot easier than you think!
frankiegmh 9 months ago
The thing is the stimuluses & bailouts did not change the fact that we are 70% consumer based. Some people may say that the money is being invested when it is actually just going to stimulate more consumption & debt. We are going to pay for all of this spending big time in the future.
moybutter 2 years ago
If the stimulus money was 70% focuses on the development of goods and services the US could export that'd make sense.
Seano71 2 years ago
I agree 100% with Peter. The other guy is lost in the other recession. This is a completly different brand of recession. It's a credit crisis. With interest credit debt keeps piling up it's not just going to disapear.
SigSauerLMT 2 years ago
I love Peter. Period. This guy speaks the truth, just like Ron Paul. Dennis Kucinich isn't bad either, but not like Ron or Peter. These guys are our hopes of bringing back America as our forefathers had it.
josda1000 2 years ago 2
peter is ron paul's financial adviser, was anyways. He probably is a little busy now.
Chslosers 2 years ago
@Chslosers
Yeah he is. He's running for US Senate from CT.
josda1000 2 years ago
yeah
Chslosers 2 years ago
schiff's argument is much more convincing
imtiazmt 2 years ago
Wow, I can't believe this fred fliintsone anchor is actually agreeing and DEFENDING peter. This is nuts!!
at1212b 2 years ago
Oh? How? Where's your beef?
What is your entrenchment in this guns & fists dark-ages status quo continuum? Why so vague? Are you being paid to say this? Are U on welfare, or have a gov. job? Ad hominem slander: always a sign of weak argument.
How do your kids feel, sold out for many generations, into criminal-minded guns & fists of big, mafia-style, global fiat rule. Your comment is mere spam, as it sits.
Dr. Ron "Uncle Action Sam" Paul for Pres in 2010! (as R3volutions go.)
mises (dot) org
Bestmountjoy 2 years ago
Last Comment intended as response to "at1212b."
Bestmountjoy 2 years ago
what the heck are you talking about?
Stop trying to act like some kind of smarty pants. This SAME CNBC anchor was arguing against Schiff and even mocking him if you look at his past interviews.
And now, Peter Schiff is actually getting his respect (whether its sincere or not) from this same Anchor that used to mock him, using Peter's arguement against the other Guest.
And NO, I do not work for the gov't, have kids or on Welfare... and I'm not even American.
at1212b 2 years ago
Hee-hee. I get it now.
Your comment comes across as criticism of Schiff, if you can look at it objectively. I saw that as baseless, given there are many paid shills here who work to criticize the righteous ones like Peter.
Read it over again.
You called the anchor "fred flintstone" (who, like many of late, has turned coat to come to agree with Schiff.)
It's better to be clear w/ your comments ~ to save being so easily misinterpreted, as not everyone here knows you were not siding w/ Mussa.
Bestmountjoy 2 years ago
Heheh, no problem. When I read my comment again, I don't even remember making it like that as I do usually try to make it clear, as I must have been in a somewhat rage at the hypcrocity of that anchor (as it seems very few humbly admit their incorrect position earlier)
Just check out some of my 'Favs' (I thought I had more, but on my comp, have alot of Ron Paul debate clips.. those are pure gold)
On a side note, alot of stuff G. Carlin talked about makes so much more sense after all this
at1212b 2 years ago
Ironically, I was also watching this video called 'Liberty: The American Revolution' online, and it has made me think more clearer of a question I had... alot of the fears of a powerful central gov't has come true! (on Vid 6)
And those soldiers who had risked, fought, died, would have they done so if they knew what the current situation was today?
The Founding Fathers could not have imagined the power of the corporation and unelected officials presently, and effect on corruption.
at1212b 2 years ago
funny peter just looks disgusted by the guys babble
painisanillusion7 2 years ago
Mussa is doing the a great disservice to this country and economy by telling blatant lies about the current situation we are in. Sorry we can't all be perma bulls and believe everythings going to always be okay, id rather hear the truth as bad as it may sound. This country needs to stop remaining in denial about how bad things really are, i know that ignorance is bliss but only the truth can set you free...and peter spreads the truth...peter lives in reality while the others are in la la land
nigeltheukhammer 2 years ago 7
Ron Paul 4 President
Dennis Kucinich 4 Vice President
Peter Schiff 4 Sec. of Treasury
liftedview 2 years ago 12
add Judge Andrew Napolitano for Attorney General
ForTehNguyen 2 years ago 2
liftedview:
Dr. Rand Paul, or Peter Schiff would make a much finer VP.
mises (dot) org
Bestmountjoy 2 years ago
The real reason the FED is so destructive is that they can manipulate interest rates upward or downward. An interest rate is a price. IT should be set by the market. The actual amout of savings(i.e. avilable supply of credit) and the amount of people trying to borrow(i.e demand) would drive the interest in a real free market. The FED gives false signals to all of the actors in an economy when it forces interest rates down.
joepeeler1 2 years ago 6
Some of you are off in lala land with this rothschilds and rockefeller nonsense. YES, the Federal Reserve needs to go but not because it is "privately" owned. It is private(they would claim independent) in some respects, but is actually an arm of the federal govt. I would call it quasi-governmental.
joepeeler1 2 years ago
This Mussa guy needs to quit looking at his big piece of paper to his right for all of his statistical mumbo-jumbo. He came in looking like a fool who had a bunch of numbers at his disposal without any ability to actually comprehend how little they had to do with the argument at hand (and furthermore, he made an extremely feeble attempt at actually showing how they were relevant at all).
gwohlproductions 2 years ago 4
I first watched this on the Europac website, but I didn't notice this because the video quality wasn't as good. You're right, Mussa is obviously looking at talking points off to his right. And then Schiff destroys Mussa's trump card of "the current account deficit is shrinking as a percentage of GDP" by simply stating that it is a result of artificially low interest rates. And then Mussa has to admit that it's true!
BTW, Mussa predicted in April '08 that the U.S. would have 2% growth in '09.
ruplestilskin1 2 years ago 2
WHen the financial markets outnumber the world real economy by a ration two to one. The whole thing stops working from one point and after and the bubble deflates rather rapidly. The point is that Stock Markets distort values in the real economy and strangulate the real economy. The point is who REALLY pays this bill and that is the poor people that are wiped out by continuously rising prices in a system that they cannot possibly keep up. As REAL work is much harder than a paper value.
UrielWN 2 years ago 3
This has been flagged as spam show
o Israel has killed Americans (eg. Sailors on USS Liberty, Rachel Corrie, etc...)
o Israel spies on this country (eg. Pollard, Kadish, AIPAC, etc...)
o Israel bought our politicians with our taxes.
o Israel steals our taxes, hence their higher income.
o Israel uses our country as their toilet.
Want more? Checkout my playlist.
Please share this post with others, and demand that your Senator and/or Representative uphold the laws when it comes to Israel's heinous crimes. Peace!
HateAllNazis 2 years ago
Guys like this Mussa are not to be trusted at all. Friendly smile and they scam you til your pockets are inside out. Anything to do with the IMF automatically no credibility in honesty especially the ranked members of it. Yes yes we will recover and this depression won't be as bad at the late 20's because...then he runs off. Oh we've been in this predicament before and recovered even though in the 80's stuff was still made here to some extent and then there was lending as well...
shenmueryu 2 years ago 3
As an Argentinian, this is a big warning to everyone: DO NOT TRUST THE IMF. The 2001 crisis wasn't caused by eight decades of mismanagement, it was caused by goverments doing what the IMF told them to. The 2001 crisis was a result of 10 years of IMF policy which caused a massive disaster. Argentina was doing pretty good compared to the rest of Latin America until someone got the idea of doing what some foreign organization told them to. The result? 30% poverty, over 10% unemployment, etc.
megamix 2 years ago 3
Thanks for sharing. Could u explain in more detail what do u mean by IMF was asked to do ?
I mean what exactly did IMF asked the governments to do?
gutrp 2 years ago
Its because Argentina went into a partial deposit freeze, a partial default on public debt, and an abandonment of the fixed exchange rate led to a collapse in output, high levels of unemployment, and political and social turmoil. These events have raised questions regarding the country's relationship with the IMF because they happened while its economic policies were under the close scrutiny of an IMF-supported program.
sysopkc 2 years ago
The IMF forces goverments to follow economic recipes which lead to disaster. Low import taxes, currency appreciation, and other stuff which destroys the industry of third world countries, and most importantly, makes goverments spend loads of money, forcing them to go on default.
megamix 2 years ago
The IMF is run by the US. And stock markets and paper economy is just one giant ponzi scheme.
Real Economy has nothing to do with Stock markets.
UrielWN 2 years ago 2
Lol so don't listen to peter listen to people like this Mussa...an IMF guy a fucking International Banker...the motherfuckers that are causing the motherfucking problem in the first motherfucking place...these guys all need to be indicted for their crimes...had to look into the guy and alls i had to see was the imf dedicating their service to this fuck for his 60th birthday...guys like this are the ones who smile at you and tell you invest your stocks and look at how he smiles! then they stab ya
shenmueryu 2 years ago 3
RON PAUL!!!!!!
reprahdmmr 2 years ago
these people, mussa just don't get it. The more govt propoganda they spew the more the people are going to strike back. Just wait till GM, GE and all government agencies become boycotted and tainted with more corruption. The people will be so fed up you won't even need violence to bring the government to its knees.
EwakAmerica 2 years ago
This has been flagged as spam show
dslcobra is a Kool-aid drinking drone.
NOBODY can predict the future, but you HAVE to admit, he did it a lot better than your dumb ass.
Mandate: read a book, learn some history, and until then: mute your suck by drinking more kool-aid.
dudeinskibro1 2 years ago
Comment removed
dudeinskibro1 2 years ago
i want to slap the shit out of mussa, he tells peter to get his facts straight, what a fuckass. he works for the rothschilds and rockeferllers so its not suprising.
mcwonderboy 2 years ago 6
Ron Paul !!!!!!
freighttrain777 2 years ago
Peter is correct.
Which nation's currency is the best?
answer: NONE
The world universal currency should be the GOLD STD.
jibbi4one 2 years ago
this is a circus for your entertainment good cop bad cop
you got to remember bad cop, in this case Peter Schiff , always wins
AntiBullS 2 years ago
Gawd. Stop trying to compare this to anything in the past.
It's not the same.
The production is in China now. Getting it back is going to be harder than he thinks.
Paetaor 2 years ago 3
we don't need it back we have to adapt. We need to continue to invent new products and let the rest of the world manufacture them:) at home and abroad.
EwakAmerica 2 years ago
I wonder how much they pay massa to lie through his teeth
banjojambo9 2 years ago
I love it when Schiff hands some Wall Street whore his ass on tv. How can you not roll your eyes up every time these propagandists like Mussa speak double-talk and start comparing our economic situation to the 1980's or 1930's and tell you that everything will be fine? Apparently Mussa got the facts from Peter Schiff right then and there. Kudos to Schiff once again. Looks like even some of the die-hard Wall Street media propagandists have been taking Schiff seriously now.
powertothesheeeple 2 years ago 3
Schiff is right. Know why? Because he's been right just about every time before. And people who claim to have lost money on his past recommendations are just fools trying to go short and beat the market, which he specifically advised NOT to do.
Jorient405 2 years ago
We are screwed. The giant TIC (the Federal Reserve) is full of blood and ready to waddle away and leave us for dead.
Noisycowonline 2 years ago
The guy in the glasses is correct about our future not being like Argentina. Argentina was better off because of a much larger small farmer base so there wasn't mass starvation.
Here in the USA people will be dying, starving and dropping like flies. 7 million starved in the 30s depression. That was with a huge small farm base. We don't have that anymore. The average person has food to last 4-5 frickin' days!
We will be more like Weimar Republic or Zimbabwe in the next 2-3 years.
Noisycowonline 2 years ago 2
I feel sorry for Peter.
He has to debate people that are not only erroneous in their conclusions, but are delusional. These idiots so badly want the status quo to continue they just can't see truth. No different than political bias, or a deluded religious person for that matter. Facts mean nothing.
Every negative indicator is off the charts. Look around - businesses are dying on the vine and are hanging on by their fingernails right now. This is just the beginning.
Noisycowonline 2 years ago 2
I agree. I tried to take Mike Moussa seriously but how can you when he closes by talking about stimulus for the Reagan era recovery in terms of cutting taxes and industrial development, entirely missing the point - we are NOW PRINTING MONEY LIKE THERE'S NO TOMORROW. Hello? There is no comparison to be made there.
Jorient405 2 years ago 3
wow that ugly piece of shit
Moffof 2 years ago
I like Peter's profession as always, but don't like his attitude. He keeps cutting people. In order to be a good debater, must be a good listener first.
semicomer 2 years ago
That windbag Mussa wouldn't pause his senseless blathering long enough to permit a response.
steampunkt 2 years ago
When it comes to economics and money. Listen to the jew! Peter don't hold back like I know most jews do. Be an exception to the rule!
kermitcintronsucks 2 years ago
who the hell is the guy in the glasses? He makes the idiots on CNBC look like smart people.
smasila 2 years ago 6
Mussa is reading from a card...he can't even come up with his own analysis
mikeapple86 2 years ago 4
Peter smoking another cheerleader again. Love it Peter
mikeapple86 2 years ago 3
These economists are lying with numbers. I started using my knowledge of mathematics to understand financials. I was appalled. I went to college as an engineer. I learned mathematics to create. They learn mathematics to lie.
Try and explain all this to the Average Joe and they dont get it. Show the Avg Joe how GDP is computed and I might as well show them a page of Latin. The Average Joe is mathematically illiterate. Average Joe is LITERALLY on a 3rd grade mathematics level.
sublimetrance 2 years ago 2
Kind of like typical NFL or NBA players, less than the average Joe.
jetmanrun 2 years ago
The way they compute GDP is fundamentally flawed.
For instance, GDP is inflation adjusted. However the gov lies by under-stating inflation. Thus gov GDP figures are a lie due to the under-reporting of inflation. GDP are falsely reporting growth that is not there. Remember, GDP is computed from the PRICES of goods and services spent within the economy.
sublimetrance 2 years ago
Another problem is 20%-25% of GDP is government spending. That is bad enough by itself since 1/4 to 1/5 of the entire economy is kept afloat by just what the government spends!
However that problem is worse when you consider that the government deficit spends year after year. So again the GDP is additionally overstated because they are spending money NOW that they do not even have!
sublimetrance 2 years ago
The net result again is over-stating the state of the economy of the current year by spending money from future tax revenues.
So these same economists always state that things are not as bad as they seem because the debt to GDP ratio is low. Again MORE problems with this because they understate the true debt!!!
sublimetrance 2 years ago
The Peterson institute is definitely a CIA front think tank. Pure Propaganda.
whtpwr 2 years ago 5
The Peterson Institute? LOL
YankeeClippa 2 years ago 3
What he said about Ronnie and the early 80's is true. Those polices did work. But that was the start of the bubble cycle and we are now at the end. The last bubble is in the T-bills. God helps us all. I just hope there will be enough educated people left when this blows to reinstall the constitution and the republic. My heart says yes, my head says no. Reminds me of the terminator, if ur reading this u are the resistance. My name is John Connor.
u2canbfmj 2 years ago 2
Schiff is Jesus.
jiggakilla666 2 years ago
Im assuming no one takes advice from the Peterson Institute, accept maybe our politicians.
controlpopulation 2 years ago
Michael Mussa will be included in the next Peter Schiff was right, he will be a new youtube suprestar
boston65boston65 2 years ago
Peter Schiff is a glowing white light at the end of a very...very...very..dark tunnel.
IntoEternity0329 2 years ago 2
Let's hope that light is not the train coming towards us.
myyootube 2 years ago
Wow that fat guy is useless!
Does he think throwing out bigger words make you look smarter?
It's best to remain silent and be thought stupid, better than speak and have it proved.
joneselius 2 years ago 2
The guy on the left was tossing out the same government style denial crap we're all too familiar w/.
"Subprime mortgage is a small problem."
"The banking system is sound."
"This is the most promising global economy we've ever seen."
"Fannie and Fredy will be solid going forward."
"Our economy is strong!"
blah, blah, blah ...
The guy has the nerve to say it on national TV w/ a straight face.
dlmaniac 2 years ago
lol is someone sleeping?
Chikusoo 2 years ago
He's such a tool. The other guy. Not Peter.
norfair18 2 years ago
the main thing is reform the entitlement programs so it releases the pressure on future debt. this i mean medicare, medicaid and social security. also, shrink the government. that should fix it, though its easier said than done.
inconformant 2 years ago
it never occured to me until i read this comment, but on the flip side enlarging government is easier done than said! oh how cool is that?!
areosis 2 years ago
Peter Schiff is sex
Poogination123 2 years ago 3
agreed
spol07 2 years ago
Peter Schiff 2012!
mindcloudbeta 2 years ago
If this show on CNBC is bearish on economy, you know we are just in time for a major uptrend. Now saying that this will be a temporary uptrend lasting for around 6 months. After that the economy will fall off a cliff. In the meantime the US$ will rise a bit, fall a bit just like gold. After that gold will shoot up like a rocket. Go short gold for now and long the US$. Reverse positions by the end of the year.
grumpone 2 years ago
Comment removed
yonstar7 2 years ago
If u want to lose your money quickly, listen to CNBC and Fox Business News including, Financial Guru J. Cramer,LOL! All these NWO propganda prostitutes and cheerleaders!
Hendo1974 2 years ago
K to the mothaluvin O for peter. Can't wait to see this Swine looking bastard on another Peter Schiff Was Right Vid.
Mruiz201 2 years ago
PETER SCHIFF IS RIGHT ON AS USUAL!
To the other guy, I say "It would help if YOU knew the facts".
citrainor 2 years ago
I have one thing to say: WHO FUNDS the Peterson Institute? Follow the $.
TRUTH my friends. Logic and truth.
ronpauljimrogers 2 years ago 2
10 : 1 the Peterson Institute mouthpiece has never run a company and spent his whole life in academics/think tanks, not real working situations. Any monkey can recite facts and figures to substantiate a false position. Logic common sense and truth must be our measuring sticks.
See Karl Denninger, see Max Keiser.
ronpauljimrogers 2 years ago
fat fuck omg STFU
DesTroYeRuS7 2 years ago
This has been flagged as spam show
I have one thing to say: WHO FUNDS THE PETERSON INSTITUTE? Follow the $.
Truth, my friends; truth and logic.
ronpauljimrogers 2 years ago
Where they dig get those kind of idiots who say that US is fine and what Peter say is wrong.
DesTroYeRuS7 2 years ago
Corporate and Personal Debt is never a good thing. You are talking about debt in the trillions. I think Peter is right with regard to 90% of what he says.. Where I disagree wtih him is that. I do not see the USA or 25% percent of global GDP being offset by anything else on the planet. China is 10 years away from having a GDP anywhere close to that of the USA. If the USA goes down that large sucking sound you hear will be all global investments going down with the US Markets
debtcrisischannel 2 years ago
what do you mean by offset? hes not saying our gdp is going to get wiped out. hes saying that china's gdp is going to grow much faster than ours - hence one should invest in china over the US. plus a much larger portion of US gdp is consumption.
cwhite54 2 years ago
YES!
engine2truck6 2 years ago
I don't think Peter puts much stock in GDP, as it's about how much an economy consumes, not produces. He's into China because China has a lot of built up saving PLUS a large amount of production. The USA has a large amount of debt MINUS a large amount of production
Fighting89Back 2 years ago 2
10 years is a very short time.
Squiffel 2 years ago
Schiff is very effective at frustrating anyone who tries to pass off propaganda as reality. It makes for great TV. For a boost in credibility and probably ratings too, CNBC should have this guy on much more often.
healthhavencom 2 years ago
smart comments aside- Schiff makes sense..I wonder what planet this other guy lives on.
jsmythib 2 years ago 2
ObaMars
engine2truck6 2 years ago
You cant talk or print your way out of this fat headdddddddd
EasyWolf31 2 years ago 3
Peter is always right. Screw that other guy that doesn't know shit.
PureAdrenaline97 2 years ago 3
Schiff smacked his Fat Head. Look at that guy's head how filled up with crap it is. lol
EasyWolf31 2 years ago 2