Barney Frabk is such and contradicting faggot lying backhanded crooked faggot FAGGOT PIECE OF SHIT.....The bastar dlies every breathe the demcraps wanted to block the regging of fannie freddie which also WOULD HAVE SOLVED NOTHING its there existence and gov reggig which is bullshit and the sole and root vause...socialism the thing that keep son fucking up....the market
peter.. i know you speak more truth on the state of our economy than a lot of the supposed experts on the subject do.. but i've reached a point where i don't want to listen to you.. anymore than i want to watch the crap that passes as news these days.
you're all doom & gloom and no solutions. i'm done wasting my time talking about things i can't change.
what will be will be.
your life.. your home.. your family.. your friends.. your community.. change starts with YOU
Its the transition to have people paying the government rather than the private sector their mortgages. Look at how they own 50% of the land in this country and 50% of the mortgages.
Last night on Larry King, Jesse Ventura was asked about Linda McMahhan which he commented somewhat neutral. I thought what an opportunity to mention America's last hope. Someone needs present to Ventura that Schiff is what America needs. We need to garner support from these people who seem to side with common sense. If Peter doesn't win it is not because of him but because we did not exert the effort required to make Peter and his common sense policies known to "everyone".
"only when consumers start saving can business start investing and start hiring "
Why does it follow that if people save,business' will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode...it's a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
Schiff often says "only when consumers start saving can business start investing and start hiring "
Why does it follow that if people save,business' will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode...it's a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
Tell that to the East Germans that were shot trying to climb over the Berlin Wall. Oh that's right, you can't, they were shot dead over "just a word".
Peter, You explain it so well. If we went up to a person and asked him if he would guarantee his neighbor's loan he would definitely say no. But if he was asked why are you letting the govt guarantee loans for everyone in the country he would say its not his problem, its govt's problem. But he doesn't understand that he wouldn't be paying so much tax had the govt not guaranteed or funded so many unnecessary things in the country.
@dslcobra You completely missed my point. Following the law is good. Giving your responsibility to someone else is cowardice. The constitution did not tell him to vote against the war. He did so because of simple logic. The others broke the law by giving their responsibility to the president. By the way... Paul studies Austrian Economics which is why he cares about the economy so much. The only way the U.S. will fall is if our economy does. Its critically important.
Paul did in fact present the declaration of war to congress which he spoke and voted against. I would say the rest of congress that voted to give Bush authority to go to War were cowards. Under the constitution you can't give your job to someone else. It is the responsibility of congress to declare war not the president. The whole war was unconstitutional, because it was not declared. Paul swore an oath to defend the constitution and he follows it. I have also.
@mcbowler no they weren't cowards, Bush had legit authority and war was decalred it was a good war and paul's hysterical insane jsut liek Gulf War 1 lies are the main reason pork barrel hipocritical phonies like Paul will always fail like the turd they are, Hussein had WMD's and was behind okc, wtc 93 and 2002, and many other his support for the plo apparatus is unchallenged, and I know all of this first hand Fuck paul fuck the democrats fuck the lef tand fuck you
@mcbowler no he didnt he presented his bs bill to congress after the war was started. The USC the lsoer doesnt give a crap about anyway he worships illegal aliens abuses it to give rights to terrorists who under laws of war say back in 1776 would have been shot after military trial. He contradicts hismelf with every word he says. Bush already got approval for war from congress btw, As a marine I know what the fuck went on iraq his crap about atrocities-LIES and no wmds-BS Iraq had them
@deltapunk21 It doesn't matter if they had WMDs. They were no threat to the U.S.
The war was fought to enforce UN policy which was NO planes in the no fly zone and NO WMDs.
Does it endanger the U.S. if Saddam did any of that? Would I have paid a trillion dollars to make him stop? Would I ask any marine to do anything other than defend the U.S.? Nope.
Go fight for the U.N. if you want. I prefer to stay here and defend freedom.
@mcbowler He hates the constitution the whole war was jsut neccesary and entirley constituional tard. Atypical mindless corruption by a paulie. Smearin with inane lies when mr pork barrel thief drugie crook and liar paul and insane hipocritical phony who resembles a kgb republican leader if their ever was.
If it were up to paul the UN would decide all of our foreign policy he is lock step in elague with Iran Russia, and their agents
Winter's on its last leg, November cannot come to soon. Just wish you lived in Illinois. Sense, doubt, reason and intellect couldn't come any sooner Mr. Schiff. I do mean Senator Schiff.
Is personal choice, & the pursuit of happiness outdated???
What would you put in place of a Constitution that protects your personal rights and freedoms? The Constitution It's not directed towards your next door neighbor, it's directed towards government power & dictatorship of your life.
What would you put in place of a Constitution that protects personal Rights & Freedoms from government dictatorships?
Your argument is childish. The entire housing market is flawed from the ground up, IT IS NOT SUSTAINABLE to 'keep people in their houses.' This is the cold hard truth, and the sooner the US deals with the damage caused by reckless spending, the sooner the real recovery can begin.
Do not mistake heartlessness with pragmatism. You liberals dress many a stupid policy as your desire to care for people whilst ignoring basic economic fundamentals.
@rxbladess. Poverty rates were going down drastically in the US, too. Until the government started "the war on poverty". Poverty rates have stayed flat ever since.
yaawn..I give up, and move to Mars...the weather is nice from what I hear, there planet is heating up as well, and Mars is not wasting it's taxes on war, and other useless activities.
wow dslcobra, you're very intelligent!!! you want to keep people in their houses by bankrupting your country. HAHA! I'm not american btw, but know something about economics...
I'd personally just like to say that the mere fact that there is so much vile, stupid, and uninformed attacks against Peter showing up recently must mean we are on to something. Maybe if more of you articulated yourselves like docmoriarti , we'd be able to have a intelligent discussion. However, I don't think most of you have a point that you can back up by facts and sound reasoning.
Peter, c'mon! They a weak dollar. Without weak dollar there is no carry trade. And they are only able to raise funding which subsidizes their deficit spending by allowing banks to make a little premium in the carry trade.
The biggest player trying to support the dollar is Japan. Central bank of Japan is depressing the US carry trade because its making Japanese manufacturing unprofitable. It's one of the reasons US is going after Toyota... it's a warning shot across the bow.
"We tell the Iranians: This is where we think those weapons are, you need to let our inspectors in there. If they dont let us in, just blow the place up. - Peter Schiff
Schiffty Pete sounds just like Dick Cheney, doesn't he?
Interesting. What was the context? Was it a conversation between friends, or was it his official stance. Considering the apparent informality, I'd be more inclined to think it was the former.
Of course, after so many months of seeing your drive-by graffiti, I can't shake the impression that you don't understand the difference between a Libertarian and a Neocon...Maybe your handle has something to do with it.
@caltropy69. It's called "conflating". It's the new leftist strategy (reawaken old leftist strategy, actually). They take ideas that people agree with and mix them with the leftist nonsense. So that anyone who is not paying close attention would not along and agree with them... and in the process end up agreeing with their nihilistic bs.
this idiot schiff has been predicting the dollar's demise since err.... many years ago and particularly after mar 09. and guess where it is now? so if i tell everyone "hey the dollar is going to collapse" for the next 10 years and i'm wrong for the 1st 9 and in the 10th year the dollar does collapse, people will be making videos about me on youtube labeled "trinomialtree was right" and i will be lauded as a genius?
geez, american morons. no wonder you dildos elected bush for 2 terms.
@trianomialtree. so you are saying that advising a country that "borrowing too much is bad" is a bad advice because a collapse doesn't happen immediately after the advice is given? would you also advice someone that maxing out their credit cards is not so bad because a bankruptcy doesn't immediately follow? Peter has been saying for 10 years that we are on course to dollar collapse.... which part of "on a course" do you not get? How do you confuse "on a course" with "it will happen tomorrow"?
i knew some idiot would try to twist my statement. peter schiff said in mar 09 that the dollar would continue declining all the way across 09 into 2010. so with the timing perspective, his prediction was wrong. capiche?
@trinomialtree. But dollar HAS been declining. Just not in respect to other currencies. When all currencies are being devalued simultaneously, it may seem that they are not in fact devaluing. But as long their purchasing power decreases (as has the dollars' power), the currency is being debased.
Dollar "index" only measures it against other currencies.
If two guys jump off a cliff, it doesn't matter that one of them is going down only as fast as the guy next to him. They are both falling.
Peter says, as you recall, that he cannot time the market and it's tough to say exactly when anything will happen. Given his long gold/short dollar stance for the last decade, I'd say he is pretty spot on.
It's not like your sorry ass has come out here and made any market stance either way, although I do see a lot of blathering out of you.
I guess it's possible morons like you think for Peter to be right the dollar would actually have to move down every single day...lol
Tri, the DXY was $88 in March 09, it's now $80. Ten years ago it was $115. I'm sure even you could figure out which way it's trending. So your 'wrong for 9 years' comment is out to lunch completely. The dollar has been moving in the direction Peter has called it. Do you REALLY think he's ever called the exact date? Have you never heard him say market forces preclude him from knowing exactly when it will happen? Get a clue. Start making a few bold calls of your own if you really want the podium.
no wonder macdonalds is calling you. any 8 year old knows that gold is an inflation hedge - you actually need peter schiff to tell you that? peter schiff's advice on gold is like telling you women have babies after they get pregnant. no kidding.
even on gold, he can't predict short term movements correctly which illustrates how unscientific and inaccurate his advice is.
sorry but your idol has no clue and neither do you.
@trinomialtree See that's what you still do not understand. Peter has never said he can predict what is going to happen tomorrow. He reads trends and he applies Austrian economic theory to present day events. Gold over the LONG term will trend upward. Short term it will fluctuate.
Peter doesn't try to play the stock market and buy-buy-buy and then sell-sell-sell. He invests in long term assets that are safer and more reliable then risky short term gain. That is a large part of his philosophy.
you do not need an investment professional to tell you how to buy gold (or other 'long term assets' ok. and you certainly don't need to go through one and give him commissions for nothing, unless he has access to those assets that you don't have.
all investments carry risk. its returns vs risk that counts. investments by professionals are done on a per millisecond basis now - if you don't then you are still applying stone age investment concepts and therefore on the wrong side of the trade.
one sided, linear, buy and hold strategy. thats what 60 year old grannies do when they go into retirement. and in the case of the new economy, many of them have to get out of retirement because they lose all their money.
except that the 60 year old granny dosen't charge you a commission for the trade.
sorry but that kind of thinking will get you nowhere. you should realize by now that you are getting left behind while the wealth gap increases and your purchasing power is eroded. whatever you have left, we will get the government to tax it from you, meaning that it will be transferred to us anyway.
master of chess? don't tickle me. small fry with 2b AUM and 100 employees - our team trades 2b in about 5 - 10 milliseconds. would you rather listen to CEO blankfein or your granny?
your granny may tell you to be a nice boy and do all these goody goody things but thats not going to put bread on your table.
CEO blankfein will tell you to do all these nasty things to people but it will make you a fabulously wealthy person.
now if you are going to tell me that you would rather listen to your granny - fine - but i guess that would be the price of morality --> poverty and indenture
@trinomialtree Goldman Sachs needed a bailout, remember. Euro Pacific Capital did not.
By the way, what's with the over use of the Granny analogy? Do you have some kind of prejudice of old ladies? Did your grandmother beat you or something?
goldman sachs took the bailout because it was the most convenient route for getting their hands on free money. all banks have the propensity to run into cash flow issues due to balance sheet leverage - its how they manage them that counts, and goldman sachs did it perfectly, that is why lloyd blankfein is known as the ultimate risk manager.
euro pacific capital is not a bank nor a fund, it is a small time brokerage, earning low flat rate commissions.
@trinomialtree Wow, earning a profit with free money sure does make him the "ultimate risk manager". If most people in this country took Peter's advice we would be much wealthier, we'd have a trade surplus and we wouldn't mind letting companies fail if they couldn't support themselves. So your logic is flawed, this is great investment advice and I can definitely see more large firms crawling back to the government coffers when the economy starts to lag again.
firstly, you assume that banks or big companies going to the government coffers is a bad thing. in many cases it is, but in the case of the US it is definitely not. the US needs to transfer all its residual wealth to the banks and big corporations and super wealthy individuals, because these are the 'assets' that need to be preserved for the US to survive.
200m non-productive welfare peasants are the "caboose" of the US economy not the banks or big corporations or wealthy individuals.
these 200m people are consumerists who produce little or nothing, with scant or negative savings and/or assets. the US needs to get rid of this unproductive base and the best way is to assimilate all their money.
once the deflationary then hyperinflationary cycle runs its course, hopefully many of these people will have left.
what will be left then be a core of banks, big corporations, super wealthy entrepreneurs and other productive people such as scientists, engineers etc. ready to start over.
@trinomialtree Lol, where are 200 Million people going to go smart guy. Even in your bizarro elitist fantasy world, no people would ever allow a wealth gap of the kind you are implying. That's what causes civil unrest, my crazy friend.
The American people are to educated and independent as a whole to be lead down such a strange path. We will go through some economic hardships, but someday we will be stronger then we are now because of it.
of course its logistically difficult. but the US was just an immigrant colony before - if people can come, they can leave. taxing them to the max, wringing their remaining assets out of them via wealth transfer programs, decreasing their purchasing power via monetary inflation - these are all 'incentives' for them to leave.
i fail to comprehend why you would label me as 'crazy' because this is exactly what the US govt. is doing.
@trinomialtree@trinomialtree So you think the government is intelligent enough to plot the mass exodus of 200 million people to "god know where", destroying priceless infrastructure of our major cities through civil unrest, destroying what economic forces we still having working for us right now, AND this is to improve us as a country?
@trinomialtree The majority of the US population is the asset, the consumer, the producer. Calling 200 million people welfare peasants just makes you sound insane. If people are allowed to hold their own wealth and start their own business THAT will preserve the US. Look at companies like Google, if we have more opportunities for entrepreneurs in this country we will be the leaders of the global economy. We don't need central planning from the government or from Wall St.
sorry, even your idol peter schiff agrees with this point. the US is full of non-productive, non-saving consumerists. thats one point he re-iterates again and again.
google has nothing at all to do with the 200m odd welfare peasants who live from paycheck to paycheck in unproductive jobs.
i did not say anything about stifling entrepreneurs. i was talking about cleaning house and developing a new platform/state for them to thrive in.
@trinomialtree It not a social issue as much as it is a free market issue. We are not as productive because the government tries to persuade us to consume instead of save. A lot of people did start to save earlier in the recession, but the government stepped in and introduced cash-for-clunkers and other crap to keep us from saving and continue to inflate the bubble.
Peter has said that once the dollar correction is over he would like to reinvest in America, that's why he is running for senate
i leave it up to you to decide which side of the fence you should be on. the scenario i portrayed to you is not some figment of my imagination, it is happening right now. and its been done before in history in other countries, just not on this magnitude or scale.
in that context, i am glad to be part of the contingent that is doing "god's work".
@trinomialtree. Bush wasn't great, but it's not Kerry was a real candidate. At least we are not stupid enough to elect Obama twice. Or to let his honchos stay in power any minute longer than they legally have to .
@trinomialtree. Because beating Bush required a real candidate. Beating Obama will be as easy as showing up. His gross incompetence is so transparently obvious that no talking in the world will help him.
@trinomialtree. if you really want to be comical with you comments, you should end them with some reference to an evil grin or a big maniacal "ha ha ha". As it stands, we are just two trolls feeding each other.
Blech! Don't blame me for Bush. I voted for the Libertarian Candidate, just so I didn't have to take credit for either of the major candidates.
Look...Economics is a science regarding resources. If the resources aren't there, what makes the symbolic exchange (the dollar) for those resources impervious to that reality?
This isn't rocket science. Either the resources exist, or they don't. The rest is merely momentum based on faith.
I'm a business owner in Denmark and I really enjoy your show. We're not in the same dire financial situation as US yet but our politicians are working hard to get reelected and avoid any necessary structural reforms.
First of all this is not a show, it is blog about the REALITY in the economic world. and second of all danish politicians are not doing anything constructive at all. they are spending like a teenager with a new credit card and if you haven't noticed then the danish deficit is increasing and is expexted to increase the next couple of years same goes for thejob losses in dk. But the danish politicians are still spending on the wrong issues. Dont talk like you know something, I live in dk as well
What exactly are you criticizing - my use of the word 'show' seems to be the only thing you disagree on? And I actually "know something" but why would I bother to convince you on a YouTube chanel - excuse me - blog?
@trinomialtree. why would us need a private military organization to handle problems domestically? US is far more stable than any place in which we would ever consider use an army or any military contractor.
I wish peter was around on youtube back in the days when I wasn't carrying a debt. Thankfully, i will be debt free on Good Friday. I will never trust another bank with my money ever, I'm going to change my assets to gold and silver from now on, and keep a little cash with me instead of the greedy good for nothing banks.
I just released a video that gives information for a March on Washington DC March 20th, 2010.
Have a look and maybe pass it on to others. I put links in the video description so that anyone interested from any city can get in touch with organizers. It is the featured video on my channel.
Lets make this march the biggest in history. Hope you'll be there Peter!
LOL. Our country is a sham that is run by a bunch of Greedy Liars. 2012 is going to be the end alright, the end of our financial system. If I hear the LIE recovery again I'm going to puke.
Get your barf bags ready, my friend. And turn off CNBC because the R word is used there, in one form or another, probably four times per minute all day long (6 times per minute on Kudlow).
I am woundering why you or anybody else never mentions the true fact about the rigged numbers...unemployment is based on deducting the people who are now collecting their 27th week from new claims. 2 million initial claims last month...so how did we only lose 36k jobs...very strange and fixed, rigged and a blatant lie...yet no one talks about it...other than to say the real u6 number is 17%.
The public is told this lie every month and even obama knows the truth and still comes out on TV and says that since he took office the jobs lost went from 700k to 100 k per month...this is an outright lie..but wall street is all for it...better than expected is all they want to hear.
I will agree with everygthing Peter has to say in this video. However, he leaves out a coming crisis everyone should know about. Please see my new video "The next big crisis" on my channel page.
I guess the coming financial crisis due to the declines in birth rates over the last 50 years doesn't matter to you.
Nor, will the fact that 40% of the population will no longer be able to purchase your goods & services. Tax revenue losses won't be able to maintain existing infrastructure. Your job may disappear with dying boomers.
So just continue in your mythical world as if nothing is wrong. This baby boomer won't care, I'll be dead & you will be stuck. But at least I warned you.
you obviously haven't figured out what i do yet from my handle. my "job" is the current boom profession at the moment, no need to worry about me. worry about yourself please.
our profits are not mythical, they are very real. and we convert the paper into real assets once it is distributed to us.
the 40% of the population you are referring to, i could care less about. in fact, the faster that these welfare peasants are wiped out, the better. less welfare, more profits to distribute.
Your ego implies that you want to be a big shot in the meritocracy that rules this country from behind the scenes for profit, is only concerned about themselves & is destroying the country in the process. As you will discover, I am no welfare case either. So don't stereotype me with your extreme-right propaganda. You want to debate me, do it with facts. Lets see your article links, data & facts. As former elected GOP fiscal-conservative & marketing communications mgr. I can hold my own.
Try and take a look at "The Most IMPORTANT Video You'll Ever See". Its in 8 parts but there are some disturbing points in it and its quite enlightening.
Good news America: You're standard of living will drop, you have yet again more debts, the value of the dollar will keep dropping! War is peace! Debts are good! Yeah!
I don't think you understand my question. I'm well aware of the various unscrupulous activities of Congress, I'm just wondering if the lack of a purchaser of a seized bank is indicative of a trend or even an issue.
High inflation is a win for borrowers and a lose for lenders. "Lenders" are tightening and the mostest special borrower on the planet is borrowing at record levels. That should tell you what both of them are "forecasting". Though the numbers representing the debts on sovereign and central banks' balance sheets are greater each day, the cost of those debts becomes less. It is the Savers who are the real Lenders that finance this, and who are being $crewed. Save money to pay taxes. Dog, meet tail.
Peter.... European findings say a single container ship may cause as much pollution as 50 million cars and release as much as 5,000 tons of sulfur oxide into the air annually. There are 90,000 such ships in operation in world at any one time.
If you implement extra tough carbon tax laws on shipping to make shipping commodities unattractive, companies will be forced to import work to make goods locally. It will also save massive amounts of worlds dwindling energy supplies.
your telling people to save ,but right know when the economy collapses people will need something immediately converable into something they can trade , stocks are not immediatley converable into something that the general public can trade with, sell stock you get paid in worthless dollars , they should take the money out of banks and buy silver and food stuffs, the banks are slowly and quietly closing the ability for people to wire money out of the country, the noose is tightening
I've been following you for a while and have both of your books, Crash Proof and The Little Book of Bull Moves in Bear Markets. You are right on the money, but I do have one gripe. What's the solution? Americans know things are messed up and the doomsayers are now a dime a dozen. So how do you propose to fix the situation? If you were in Washington what would you propose for solutions and more importantly how will it impact Americans' lives?
@IAmJasonThomas - He tells you. You take the hard medicine and raise interest rates. Cut government spending (useless programs like the dept. of energy, etc., etc.), raise the retirement age of public sector workers to 67...
Google lewrockwell and read Ron Paul's essay on what he'd do. I expect Schiff would do something very similar. Both are Austrian economists and I'm sure Schiff respects the Constitution.
whine, whine and whine and try to get politicians to listen up and come to their senses - haven't you heard peter talk about how hes going to get his big 'message' across in washington?
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tiblon1 1 year ago
Barney Frabk is such and contradicting faggot lying backhanded crooked faggot FAGGOT PIECE OF SHIT.....The bastar dlies every breathe the demcraps wanted to block the regging of fannie freddie which also WOULD HAVE SOLVED NOTHING its there existence and gov reggig which is bullshit and the sole and root vause...socialism the thing that keep son fucking up....the market
deltapunk21 1 year ago
Can this be fixed with a painful but stable plan, or do we need the entire house of cards to fall befor we can fix america?
johnywinslow 1 year ago
No solutions here.
JuanVoyce 1 year ago
peter.. i know you speak more truth on the state of our economy than a lot of the supposed experts on the subject do.. but i've reached a point where i don't want to listen to you.. anymore than i want to watch the crap that passes as news these days.
you're all doom & gloom and no solutions. i'm done wasting my time talking about things i can't change.
what will be will be.
your life.. your home.. your family.. your friends.. your community.. change starts with YOU
withnulc 1 year ago
Its the transition to have people paying the government rather than the private sector their mortgages. Look at how they own 50% of the land in this country and 50% of the mortgages.
slvrserfr 1 year ago
Those fannie fisters are outta control! Thanks, Peter! 5*****
ACORNHOLEFANNYFISTER 1 year ago
We won't need luck, we are Americians.
Talodus 2 years ago
Last night on Larry King, Jesse Ventura was asked about Linda McMahhan which he commented somewhat neutral. I thought what an opportunity to mention America's last hope. Someone needs present to Ventura that Schiff is what America needs. We need to garner support from these people who seem to side with common sense. If Peter doesn't win it is not because of him but because we did not exert the effort required to make Peter and his common sense policies known to "everyone".
MayonR 2 years ago
"only when consumers start saving can business start investing and start hiring "
Why does it follow that if people save,business' will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode...it's a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
MEXBOL 2 years ago
This has been flagged as spam show
Schiff often says "only when consumers start saving can business start investing and start hiring "
Why does it follow that if people save,business' will invest ? thx
as i side note schiff will be a regular on fast money twice a week tuesday and thursday from 5pm EST THIS IS GREAT NEWS;;;and my fast money is that ratrings on these shows will explode...it's a smart move by CNBC and well deserved for Schiff. If only they had done it sooner!
MEXBOL 2 years ago
"and I believe "freedom" is just a word"
Tell that to the East Germans that were shot trying to climb over the Berlin Wall. Oh that's right, you can't, they were shot dead over "just a word".
jtravis282 2 years ago
and iraq wasnt a threat. and why vote based on your emotional leanings? thats more dangerous than following the constitution.
CharlieL225 2 years ago
Peter, You explain it so well. If we went up to a person and asked him if he would guarantee his neighbor's loan he would definitely say no. But if he was asked why are you letting the govt guarantee loans for everyone in the country he would say its not his problem, its govt's problem. But he doesn't understand that he wouldn't be paying so much tax had the govt not guaranteed or funded so many unnecessary things in the country.
abhir314 2 years ago
@dslcobra You completely missed my point. Following the law is good. Giving your responsibility to someone else is cowardice. The constitution did not tell him to vote against the war. He did so because of simple logic. The others broke the law by giving their responsibility to the president. By the way... Paul studies Austrian Economics which is why he cares about the economy so much. The only way the U.S. will fall is if our economy does. Its critically important.
mcbowler 2 years ago 2
@dslcobra
Paul did in fact present the declaration of war to congress which he spoke and voted against. I would say the rest of congress that voted to give Bush authority to go to War were cowards. Under the constitution you can't give your job to someone else. It is the responsibility of congress to declare war not the president. The whole war was unconstitutional, because it was not declared. Paul swore an oath to defend the constitution and he follows it. I have also.
mcbowler 2 years ago 8
@mcbowler no they weren't cowards, Bush had legit authority and war was decalred it was a good war and paul's hysterical insane jsut liek Gulf War 1 lies are the main reason pork barrel hipocritical phonies like Paul will always fail like the turd they are, Hussein had WMD's and was behind okc, wtc 93 and 2002, and many other his support for the plo apparatus is unchallenged, and I know all of this first hand Fuck paul fuck the democrats fuck the lef tand fuck you
deltapunk21 1 year ago
@mcbowler no he didnt he presented his bs bill to congress after the war was started. The USC the lsoer doesnt give a crap about anyway he worships illegal aliens abuses it to give rights to terrorists who under laws of war say back in 1776 would have been shot after military trial. He contradicts hismelf with every word he says. Bush already got approval for war from congress btw, As a marine I know what the fuck went on iraq his crap about atrocities-LIES and no wmds-BS Iraq had them
deltapunk21 1 year ago
@deltapunk21 It doesn't matter if they had WMDs. They were no threat to the U.S.
The war was fought to enforce UN policy which was NO planes in the no fly zone and NO WMDs.
Does it endanger the U.S. if Saddam did any of that? Would I have paid a trillion dollars to make him stop? Would I ask any marine to do anything other than defend the U.S.? Nope.
Go fight for the U.N. if you want. I prefer to stay here and defend freedom.
mcbowler 1 year ago
@mcbowler He hates the constitution the whole war was jsut neccesary and entirley constituional tard. Atypical mindless corruption by a paulie. Smearin with inane lies when mr pork barrel thief drugie crook and liar paul and insane hipocritical phony who resembles a kgb republican leader if their ever was.
If it were up to paul the UN would decide all of our foreign policy he is lock step in elague with Iran Russia, and their agents
deltapunk21 1 year ago
Bonds are only worth what the buyer will pay.Same for real estae and equity.The reason the guarantee game is played , is to create mispricing.KISS>
laurelweiner8 2 years ago
Good video! This is one of the better one's I've seen in a while. Thanks for the continued education Peter.
TofCanada 2 years ago 2
Winter's on its last leg, November cannot come to soon. Just wish you lived in Illinois. Sense, doubt, reason and intellect couldn't come any sooner Mr. Schiff. I do mean Senator Schiff.
LokiScoutSniper 2 years ago
Fool
entyrion 2 years ago
Go Peter...We back you all the way!
damnright4 2 years ago
dslcobra
The Constitution is outdated???
Are personal Rights and Freedoms outdated??
Is personal choice, & the pursuit of happiness outdated???
What would you put in place of a Constitution that protects your personal rights and freedoms? The Constitution It's not directed towards your next door neighbor, it's directed towards government power & dictatorship of your life.
What would you put in place of a Constitution that protects personal Rights & Freedoms from government dictatorships?
ItsCreated 2 years ago 2
how is iraq and afghanistan ron paul's fault? he's been consistently trying to keep us out of war
morethanthesky 2 years ago
It's good news because we have a liberal communist in the whitehouse.
2uberu 2 years ago
Your argument is childish. The entire housing market is flawed from the ground up, IT IS NOT SUSTAINABLE to 'keep people in their houses.' This is the cold hard truth, and the sooner the US deals with the damage caused by reckless spending, the sooner the real recovery can begin.
Do not mistake heartlessness with pragmatism. You liberals dress many a stupid policy as your desire to care for people whilst ignoring basic economic fundamentals.
FUZZYisBIG 2 years ago
Emerging markets and Frontier markets will lay the smack down, despite being "higher risk."
Look at Chile for example:
5% GDP growth per year
Public debt only 3.9% of GDP
The government is required by law to run a fiscal surplus of at least 1% of GDP.
High domestic savings rate.
The government promotes privatization, free trade, and sound economic polices.
Poverty rates are going down drastically.
rxbladess 2 years ago 3
@rxbladess. Poverty rates were going down drastically in the US, too. Until the government started "the war on poverty". Poverty rates have stayed flat ever since.
docmoriarti 2 years ago 5
yaawn..I give up, and move to Mars...the weather is nice from what I hear, there planet is heating up as well, and Mars is not wasting it's taxes on war, and other useless activities.
commonsense2008 2 years ago
wow dslcobra, you're very intelligent!!! you want to keep people in their houses by bankrupting your country. HAHA! I'm not american btw, but know something about economics...
jacquesnaude7 2 years ago
I'd personally just like to say that the mere fact that there is so much vile, stupid, and uninformed attacks against Peter showing up recently must mean we are on to something. Maybe if more of you articulated yourselves like docmoriarti , we'd be able to have a intelligent discussion. However, I don't think most of you have a point that you can back up by facts and sound reasoning.
Talodus 2 years ago 2
Peter ,do Jews really control the US Federal reserve, SEC and majority of Amercan main stream media?
If so would you consider this a good thing after all that has happened to America's solvency or should AIPAC be outlawed as a terrorist organization?
TIA.
brotherjupiter 2 years ago
Peter, c'mon! They a weak dollar. Without weak dollar there is no carry trade. And they are only able to raise funding which subsidizes their deficit spending by allowing banks to make a little premium in the carry trade.
The biggest player trying to support the dollar is Japan. Central bank of Japan is depressing the US carry trade because its making Japanese manufacturing unprofitable. It's one of the reasons US is going after Toyota... it's a warning shot across the bow.
docmoriarti 2 years ago
This comment has received too many negative votes show
Schiffty Pete the Neocon. I wonder if his prediction that the price of gold will rise to $5,000 per ounce is connected to his call to bomb Iran?
AtlasShruggery 2 years ago
@AtlasShruggery:
Aren't you bored of trolling, yet?
caltrop69 2 years ago 4
This comment has received too many negative votes show
I never tire of calling out charlatans like Schiffty Pete on their lies and neocon politics.
AtlasShruggery 2 years ago
As a full-time job, I'm sure it pays well.
Since you like to rewrite reality in your subjective haze...Can I ask whether you think the Smurfs are more realistic cartoons than the Snorks?
Is that within your area of expertise?
I just figure that you've met both populations of imaginary beings.
caltrop69 2 years ago
"We tell the Iranians: This is where we think those weapons are, you need to let our inspectors in there. If they dont let us in, just blow the place up. - Peter Schiff
Schiffty Pete sounds just like Dick Cheney, doesn't he?
"
AtlasShruggery 2 years ago
@AtlasShruggery:
Interesting. What was the context? Was it a conversation between friends, or was it his official stance. Considering the apparent informality, I'd be more inclined to think it was the former.
Of course, after so many months of seeing your drive-by graffiti, I can't shake the impression that you don't understand the difference between a Libertarian and a Neocon...Maybe your handle has something to do with it.
caltrop69 2 years ago
@caltropy69. It's called "conflating". It's the new leftist strategy (reawaken old leftist strategy, actually). They take ideas that people agree with and mix them with the leftist nonsense. So that anyone who is not paying close attention would not along and agree with them... and in the process end up agreeing with their nihilistic bs.
docmoriarti 2 years ago
@docmoriarti:
What is their usual reaction when people don't automatically agree?
Should I expect a temper tantrum?
caltrop69 2 years ago
@caltrop69. Pretty much. Name calling is the usual choice. If that doesn't work, there is always the passive-aggressive alternative.
docmoriarti 2 years ago
This comment has received too many negative votes show
I can assure you that I understand the concepts. I note that they are not mutually exclusive.
Schiffty Pete provides an excellent example of a neocon Republican who is also a corporatist shill masquerding as a libertarian.
Fortunately for the people of Connecticut, Schiffty polls somewhere behind None of the Above.
AtlasShruggery 2 years ago
Don't shrug!
WingsofDedalus 2 years ago
Holy Cow, Docmoriarti...You called it.
Impressive.
caltrop69 2 years ago
this idiot schiff has been predicting the dollar's demise since err.... many years ago and particularly after mar 09. and guess where it is now? so if i tell everyone "hey the dollar is going to collapse" for the next 10 years and i'm wrong for the 1st 9 and in the 10th year the dollar does collapse, people will be making videos about me on youtube labeled "trinomialtree was right" and i will be lauded as a genius?
geez, american morons. no wonder you dildos elected bush for 2 terms.
trinomialtree 2 years ago
@trianomialtree. so you are saying that advising a country that "borrowing too much is bad" is a bad advice because a collapse doesn't happen immediately after the advice is given? would you also advice someone that maxing out their credit cards is not so bad because a bankruptcy doesn't immediately follow? Peter has been saying for 10 years that we are on course to dollar collapse.... which part of "on a course" do you not get? How do you confuse "on a course" with "it will happen tomorrow"?
docmoriarti 2 years ago 2
i knew some idiot would try to twist my statement. peter schiff said in mar 09 that the dollar would continue declining all the way across 09 into 2010. so with the timing perspective, his prediction was wrong. capiche?
trinomialtree 2 years ago
@trinomialtree. But dollar HAS been declining. Just not in respect to other currencies. When all currencies are being devalued simultaneously, it may seem that they are not in fact devaluing. But as long their purchasing power decreases (as has the dollars' power), the currency is being debased.
Dollar "index" only measures it against other currencies.
If two guys jump off a cliff, it doesn't matter that one of them is going down only as fast as the guy next to him. They are both falling.
docmoriarti 2 years ago
lol nice try, tri.
Peter says, as you recall, that he cannot time the market and it's tough to say exactly when anything will happen. Given his long gold/short dollar stance for the last decade, I'd say he is pretty spot on.
It's not like your sorry ass has come out here and made any market stance either way, although I do see a lot of blathering out of you.
I guess it's possible morons like you think for Peter to be right the dollar would actually have to move down every single day...lol
mcdonaldscalling21 2 years ago
Tri, the DXY was $88 in March 09, it's now $80. Ten years ago it was $115. I'm sure even you could figure out which way it's trending. So your 'wrong for 9 years' comment is out to lunch completely. The dollar has been moving in the direction Peter has called it. Do you REALLY think he's ever called the exact date? Have you never heard him say market forces preclude him from knowing exactly when it will happen? Get a clue. Start making a few bold calls of your own if you really want the podium.
mcdonaldscalling21 2 years ago
no wonder macdonalds is calling you. any 8 year old knows that gold is an inflation hedge - you actually need peter schiff to tell you that? peter schiff's advice on gold is like telling you women have babies after they get pregnant. no kidding.
even on gold, he can't predict short term movements correctly which illustrates how unscientific and inaccurate his advice is.
sorry but your idol has no clue and neither do you.
trinomialtree 2 years ago
@trinomialtree See that's what you still do not understand. Peter has never said he can predict what is going to happen tomorrow. He reads trends and he applies Austrian economic theory to present day events. Gold over the LONG term will trend upward. Short term it will fluctuate.
Peter doesn't try to play the stock market and buy-buy-buy and then sell-sell-sell. He invests in long term assets that are safer and more reliable then risky short term gain. That is a large part of his philosophy.
Talodus 2 years ago
you do not need an investment professional to tell you how to buy gold (or other 'long term assets' ok. and you certainly don't need to go through one and give him commissions for nothing, unless he has access to those assets that you don't have.
all investments carry risk. its returns vs risk that counts. investments by professionals are done on a per millisecond basis now - if you don't then you are still applying stone age investment concepts and therefore on the wrong side of the trade.
trinomialtree 2 years ago
peter schiff has a horrible investment model.
one sided, linear, buy and hold strategy. thats what 60 year old grannies do when they go into retirement. and in the case of the new economy, many of them have to get out of retirement because they lose all their money.
except that the 60 year old granny dosen't charge you a commission for the trade.
trinomialtree 2 years ago
@trinomialtree stone age investment?
What planet are you living on?
Most people do not plan their lives around the financial markets,
they don't mind not getting rich quick. Their appetite for risk is lower
thus it is acceptable for them to put their money in long term assets.
A lot of people DO need help finding investments that are low risk with
so much noise and propaganda coming from the media.
Talodus 2 years ago
sorry but that kind of thinking will get you nowhere. you should realize by now that you are getting left behind while the wealth gap increases and your purchasing power is eroded. whatever you have left, we will get the government to tax it from you, meaning that it will be transferred to us anyway.
master of chess? don't tickle me. small fry with 2b AUM and 100 employees - our team trades 2b in about 5 - 10 milliseconds. would you rather listen to CEO blankfein or your granny?
trinomialtree 2 years ago
@trinomialtree I think you look at the markets as a game of Tic-Tac-Toe,
while Peter Schiff looks at it as a game of Chess. Who do you think
is going to make the smarter decisions,
the Master of Tic-Tac-Toe or the Master of Chess?
Talodus 2 years ago
thats the more correct analogy.
your granny may tell you to be a nice boy and do all these goody goody things but thats not going to put bread on your table.
CEO blankfein will tell you to do all these nasty things to people but it will make you a fabulously wealthy person.
now if you are going to tell me that you would rather listen to your granny - fine - but i guess that would be the price of morality --> poverty and indenture
trinomialtree 2 years ago
@trinomialtree Goldman Sachs needed a bailout, remember. Euro Pacific Capital did not.
By the way, what's with the over use of the Granny analogy? Do you have some kind of prejudice of old ladies? Did your grandmother beat you or something?
Talodus 2 years ago
goldman sachs took the bailout because it was the most convenient route for getting their hands on free money. all banks have the propensity to run into cash flow issues due to balance sheet leverage - its how they manage them that counts, and goldman sachs did it perfectly, that is why lloyd blankfein is known as the ultimate risk manager.
euro pacific capital is not a bank nor a fund, it is a small time brokerage, earning low flat rate commissions.
totally invalid comparison.
trinomialtree 2 years ago
@trinomialtree Wow, earning a profit with free money sure does make him the "ultimate risk manager". If most people in this country took Peter's advice we would be much wealthier, we'd have a trade surplus and we wouldn't mind letting companies fail if they couldn't support themselves. So your logic is flawed, this is great investment advice and I can definitely see more large firms crawling back to the government coffers when the economy starts to lag again.
Talodus 2 years ago
firstly, you assume that banks or big companies going to the government coffers is a bad thing. in many cases it is, but in the case of the US it is definitely not. the US needs to transfer all its residual wealth to the banks and big corporations and super wealthy individuals, because these are the 'assets' that need to be preserved for the US to survive.
200m non-productive welfare peasants are the "caboose" of the US economy not the banks or big corporations or wealthy individuals.
trinomialtree 2 years ago
these 200m people are consumerists who produce little or nothing, with scant or negative savings and/or assets. the US needs to get rid of this unproductive base and the best way is to assimilate all their money.
once the deflationary then hyperinflationary cycle runs its course, hopefully many of these people will have left.
what will be left then be a core of banks, big corporations, super wealthy entrepreneurs and other productive people such as scientists, engineers etc. ready to start over.
trinomialtree 2 years ago
@trinomialtree Lol, where are 200 Million people going to go smart guy. Even in your bizarro elitist fantasy world, no people would ever allow a wealth gap of the kind you are implying. That's what causes civil unrest, my crazy friend.
The American people are to educated and independent as a whole to be lead down such a strange path. We will go through some economic hardships, but someday we will be stronger then we are now because of it.
Talodus 2 years ago
of course its logistically difficult. but the US was just an immigrant colony before - if people can come, they can leave. taxing them to the max, wringing their remaining assets out of them via wealth transfer programs, decreasing their purchasing power via monetary inflation - these are all 'incentives' for them to leave.
i fail to comprehend why you would label me as 'crazy' because this is exactly what the US govt. is doing.
civil unrest is a price we have to pay.
trinomialtree 2 years ago 7
Comment removed
Talodus 2 years ago
Ok. label me that if you like. I will see how you welfare peasants fare in a year or two or five.
Good luck.
trinomialtree 2 years ago 2
This has been flagged as spam show
@trinomialtree @trinomialtree So you think the government is intelligent enough to plot the mass exodus of 200 million people to "god know where", destroying priceless infrastructure of our major cities through civil unrest, destroying what economic forces we still having working for us right now, AND this is to improve us as a country?
Well, you're either crazy or stupid, I guess.
Talodus 2 years ago
@trinomialtree The majority of the US population is the asset, the consumer, the producer. Calling 200 million people welfare peasants just makes you sound insane. If people are allowed to hold their own wealth and start their own business THAT will preserve the US. Look at companies like Google, if we have more opportunities for entrepreneurs in this country we will be the leaders of the global economy. We don't need central planning from the government or from Wall St.
Talodus 2 years ago
sorry, even your idol peter schiff agrees with this point. the US is full of non-productive, non-saving consumerists. thats one point he re-iterates again and again.
google has nothing at all to do with the 200m odd welfare peasants who live from paycheck to paycheck in unproductive jobs.
i did not say anything about stifling entrepreneurs. i was talking about cleaning house and developing a new platform/state for them to thrive in.
trinomialtree 2 years ago
@trinomialtree It not a social issue as much as it is a free market issue. We are not as productive because the government tries to persuade us to consume instead of save. A lot of people did start to save earlier in the recession, but the government stepped in and introduced cash-for-clunkers and other crap to keep us from saving and continue to inflate the bubble.
Peter has said that once the dollar correction is over he would like to reinvest in America, that's why he is running for senate
Talodus 2 years ago
i leave it up to you to decide which side of the fence you should be on. the scenario i portrayed to you is not some figment of my imagination, it is happening right now. and its been done before in history in other countries, just not on this magnitude or scale.
in that context, i am glad to be part of the contingent that is doing "god's work".
trinomialtree 2 years ago
because your idol, peter schiff, looks, talks and invests like an old granny.
yes, i am prejudiced against old ladies - they are like toxic CDOs.
trinomialtree 2 years ago
@trinomialtree. Bush wasn't great, but it's not Kerry was a real candidate. At least we are not stupid enough to elect Obama twice. Or to let his honchos stay in power any minute longer than they legally have to .
docmoriarti 2 years ago
and how would you know that obama will not be elected into a 2nd term?
trinomialtree 2 years ago
@trinomialtree. Because beating Bush required a real candidate. Beating Obama will be as easy as showing up. His gross incompetence is so transparently obvious that no talking in the world will help him.
docmoriarti 2 years ago 3
you have 0 control over whether his honchos stay or not. neither do any of your peasant buddies.
thats why candidates like peter schiff with no corporate or political support will never make it in washington.
get used to being a peasant buddy, its the new norm. look at it this way, a peasant is at least one rung above an indentured slave.
trinomialtree 2 years ago
@trinomialtree. if you really want to be comical with you comments, you should end them with some reference to an evil grin or a big maniacal "ha ha ha". As it stands, we are just two trolls feeding each other.
docmoriarti 2 years ago
Blech! Don't blame me for Bush. I voted for the Libertarian Candidate, just so I didn't have to take credit for either of the major candidates.
Look...Economics is a science regarding resources. If the resources aren't there, what makes the symbolic exchange (the dollar) for those resources impervious to that reality?
This isn't rocket science. Either the resources exist, or they don't. The rest is merely momentum based on faith.
caltrop69 2 years ago
dollar index has crested in february...metals are going to be breaking records soon
lilbromarky1 2 years ago
Why doesn't Mr. Schiff air his campaigns' on youtube the way Dr. Rand Paul does?
cartmanfan0316 2 years ago
Hi Peter
I'm a business owner in Denmark and I really enjoy your show. We're not in the same dire financial situation as US yet but our politicians are working hard to get reelected and avoid any necessary structural reforms.
godvad 2 years ago
First of all this is not a show, it is blog about the REALITY in the economic world. and second of all danish politicians are not doing anything constructive at all. they are spending like a teenager with a new credit card and if you haven't noticed then the danish deficit is increasing and is expexted to increase the next couple of years same goes for thejob losses in dk. But the danish politicians are still spending on the wrong issues. Dont talk like you know something, I live in dk as well
Bashri 2 years ago
this message was for godvad down below
Bashri 2 years ago
What exactly are you criticizing - my use of the word 'show' seems to be the only thing you disagree on? And I actually "know something" but why would I bother to convince you on a YouTube chanel - excuse me - blog?
godvad 2 years ago
"Dont talk like you know something". Wtf are you on about? You´re the goddamn teenager.
mr82769 2 years ago
This guy makes waaaaayyy too much sense.
causechange 2 years ago 2
These vlogs kick ass.
therighttoremain 2 years ago 2
great video, Peter Schiff is awesome
a4finger 2 years ago 3
Keep it up Peter, you're doing great
herzogsbuick 2 years ago
this is the destruction of the middle class
the only way to stop it is to Secede
marniespeaks 2 years ago
please send your "secession" message to the CIA, pentagon and blackwater team - i'm really eager to see what will happen to you.
trinomialtree 2 years ago
they already know
and nothing will happen it's a legal process
stop living in fear
marniespeaks 2 years ago
emm, i'm not. i'm just a sadistic person who wishes to see what the blackwater team, when let loose, might do to civilians
trinomialtree 2 years ago
the why don't you volunteer to find out
marniespeaks 2 years ago
i mean civilians who are not doing god's work
trinomialtree 2 years ago
and who are you, Lloyd Blankfein?
marniespeaks 2 years ago
@trinomialtree. It's retarded to blame blackwater for one case of misfire. That's still a much better record than any army in the world.
docmoriarti 2 years ago
what are you talking about? i'm supportive of blackwater. i hope the state uses them on civilians in the US though for riot control etc.
trinomialtree 2 years ago
@trinomialtree. why would us need a private military organization to handle problems domestically? US is far more stable than any place in which we would ever consider use an army or any military contractor.
docmoriarti 2 years ago
so that they can kill useless people like you
trinomialtree 2 years ago
I wish peter was around on youtube back in the days when I wasn't carrying a debt. Thankfully, i will be debt free on Good Friday. I will never trust another bank with my money ever, I'm going to change my assets to gold and silver from now on, and keep a little cash with me instead of the greedy good for nothing banks.
zBanditGuy 2 years ago
Schiff for Senate!
bajoverga 2 years ago 2
I just released a video that gives information for a March on Washington DC March 20th, 2010.
Have a look and maybe pass it on to others. I put links in the video description so that anyone interested from any city can get in touch with organizers. It is the featured video on my channel.
Lets make this march the biggest in history. Hope you'll be there Peter!
2minstral 2 years ago
LOL. Our country is a sham that is run by a bunch of Greedy Liars. 2012 is going to be the end alright, the end of our financial system. If I hear the LIE recovery again I'm going to puke.
yipcarl 2 years ago 4
Get your barf bags ready, my friend. And turn off CNBC because the R word is used there, in one form or another, probably four times per minute all day long (6 times per minute on Kudlow).
teller121 2 years ago 2
Nothing Barney Frank says is worth listening to, but I appreciate you keeping us informed
sabrinacle 2 years ago 3
Wait till the snow melts, the green shoots will be sprouting all over the place. BooooYaaaa!
I am holding off on Fannie/Freddie bonds, I am waiting to invest in Madoff's new hedge fund.
prescottbill 2 years ago 3
Hilarious. Nice work. Me 2.
yipcarl 2 years ago
jobs scam...
go to...
/watch?v=o5hM5g7pozI
econbustsoon 2 years ago
This has been flagged as spam show
I am woundering why you or anybody else never mentions the true fact about the rigged numbers...unemployment is based on deducting the people who are now collecting their 27th week from new claims. 2 million initial claims last month...so how did we only lose 36k jobs...very strange and fixed, rigged and a blatant lie...yet no one talks about it...other than to say the real u6 number is 17%.
econbustsoon 2 years ago
The public is told this lie every month and even obama knows the truth and still comes out on TV and says that since he took office the jobs lost went from 700k to 100 k per month...this is an outright lie..but wall street is all for it...better than expected is all they want to hear.
econbustsoon 2 years ago
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econbustsoon 2 years ago
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econbustsoon 2 years ago
"Only 36,000 jobs lost" How stupid and insulting!
Melville10 2 years ago
Senator;
Where in our constitution does it say the federal government has that power?
All of you are violating your oath of office!
MsWanderer1 2 years ago
nice tie.
MensRifleAssociation 2 years ago
I will agree with everygthing Peter has to say in this video. However, he leaves out a coming crisis everyone should know about. Please see my new video "The next big crisis" on my channel page.
PragmaticStatistic 2 years ago
yes, we know what the next crisis is. its called the moron zombie takeover of the civilized world and you are the leader of the movement.
trinomialtree 2 years ago
I guess the coming financial crisis due to the declines in birth rates over the last 50 years doesn't matter to you.
Nor, will the fact that 40% of the population will no longer be able to purchase your goods & services. Tax revenue losses won't be able to maintain existing infrastructure. Your job may disappear with dying boomers.
So just continue in your mythical world as if nothing is wrong. This baby boomer won't care, I'll be dead & you will be stuck. But at least I warned you.
PragmaticStatistic 2 years ago
you obviously haven't figured out what i do yet from my handle. my "job" is the current boom profession at the moment, no need to worry about me. worry about yourself please.
our profits are not mythical, they are very real. and we convert the paper into real assets once it is distributed to us.
the 40% of the population you are referring to, i could care less about. in fact, the faster that these welfare peasants are wiped out, the better. less welfare, more profits to distribute.
trinomialtree 2 years ago
Your ego implies that you want to be a big shot in the meritocracy that rules this country from behind the scenes for profit, is only concerned about themselves & is destroying the country in the process. As you will discover, I am no welfare case either. So don't stereotype me with your extreme-right propaganda. You want to debate me, do it with facts. Lets see your article links, data & facts. As former elected GOP fiscal-conservative & marketing communications mgr. I can hold my own.
PragmaticStatistic 2 years ago
You sound like a spoiled little brat. Just thought you should know...
mr82769 2 years ago
and you sound like a whining peasant. just though i would inform you...
trinomialtree 2 years ago
But that doesnt require therapy...
mr82769 2 years ago
This is a bit off topic but declining birth rates just means less strain on the use of resources. Resources we do not have an unlimited supply off.
mr82769 2 years ago
Agreed, there are some good things to a declining economy. Just maybe we will learn how to balance our greed, needs, finances and resources.
PragmaticStatistic 2 years ago 2
Try and take a look at "The Most IMPORTANT Video You'll Ever See". Its in 8 parts but there are some disturbing points in it and its quite enlightening.
mr82769 2 years ago
Good news America: You're standard of living will drop, you have yet again more debts, the value of the dollar will keep dropping! War is peace! Debts are good! Yeah!
manoman0 2 years ago
Low standards are the new high standards (e.g. Only 36,000 jobs lost).
Melville10 2 years ago
yes, that's what I'm saying...if it were not such a serious issue, I'd be laughing...
manoman0 2 years ago
Dear Mass Media,
More lost jobs and more consumer debt is bad.
Tenther Dan I.
iannetta11 2 years ago
How come in yesterday's FDIC announcement the Centennial Bank, Ogden, Utah was not purchased by another bank?
AnotherUserNamedPaul 2 years ago
More disturbing was the Christmas Eve 2009 indefinite bailout legislation passed for Fannie and Freddie.
Melville10 2 years ago
I don't think you understand my question. I'm well aware of the various unscrupulous activities of Congress, I'm just wondering if the lack of a purchaser of a seized bank is indicative of a trend or even an issue.
AnotherUserNamedPaul 2 years ago
Comment removed
nonantianarchist 2 years ago
Is there a moneybomb planned for Schiff?
MrWow12 2 years ago
..."their is absolutely no truth at all, when it comes to government"...nice one Peter
krickification 2 years ago 2
What kind of Ratio do the readers feel one should have in regard to Paper Money, Gold, Silver, and stocks??
notpcone 2 years ago
30% low risk 30% medium risk 30% high risk 10% cash as follows,
45% silver 45% gold 10% cash ( not in a bank ) if the cash gets large put it in swiss francs or australian dollars.
Only consider exporting money strong american companies, and put the vast majority in foreign market.
hattie1978 2 years ago
wow, your 900 bucks in savings can be cut into 4 pies?
trinomialtree 2 years ago
High inflation is a win for borrowers and a lose for lenders. "Lenders" are tightening and the mostest special borrower on the planet is borrowing at record levels. That should tell you what both of them are "forecasting". Though the numbers representing the debts on sovereign and central banks' balance sheets are greater each day, the cost of those debts becomes less. It is the Savers who are the real Lenders that finance this, and who are being $crewed. Save money to pay taxes. Dog, meet tail.
WGS669 2 years ago
Go Schiff!
paulojleite 2 years ago
Pete, you're the goddamn man.
jesusj0nes 2 years ago
Hey Pete, I'm glad your running for senate, I'd vote for you but I don't live in Connecticut. Keep telling it like it is.
mja2035 2 years ago 2
Peter.... European findings say a single container ship may cause as much pollution as 50 million cars and release as much as 5,000 tons of sulfur oxide into the air annually. There are 90,000 such ships in operation in world at any one time.
If you implement extra tough carbon tax laws on shipping to make shipping commodities unattractive, companies will be forced to import work to make goods locally. It will also save massive amounts of worlds dwindling energy supplies.
0urGaia 2 years ago
your telling people to save ,but right know when the economy collapses people will need something immediately converable into something they can trade , stocks are not immediatley converable into something that the general public can trade with, sell stock you get paid in worthless dollars , they should take the money out of banks and buy silver and food stuffs, the banks are slowly and quietly closing the ability for people to wire money out of the country, the noose is tightening
jhunted7667 2 years ago
shocking stuff !
the u s a must be all asleep (sheep) , why do they not listen to this guy ?
i'm amazed !
cosmicguerilla1 2 years ago 2
because not everybody is uneducated and genetically stupid like you?
trinomialtree 2 years ago
because everyone wants something for nothing. Having to work for something is not politically popular
Elasaltaculos 2 years ago
loan me money peter...i can pay you back next tuesday
sbaker3232 2 years ago
another great vid peter
karkelkhan 2 years ago 4
Mr. Schiff, keep going at it. Your doing great!
MRSketch09 2 years ago
I've been following you for a while and have both of your books, Crash Proof and The Little Book of Bull Moves in Bear Markets. You are right on the money, but I do have one gripe. What's the solution? Americans know things are messed up and the doomsayers are now a dime a dozen. So how do you propose to fix the situation? If you were in Washington what would you propose for solutions and more importantly how will it impact Americans' lives?
IAmJasonThomas 2 years ago
stop gov spending, stop gov regulation. let free markets return
dreamthinker79 2 years ago
you chose the right handle, idiot. keep dreaming~~~
trinomialtree 2 years ago
@IAmJasonThomas - He tells you. You take the hard medicine and raise interest rates. Cut government spending (useless programs like the dept. of energy, etc., etc.), raise the retirement age of public sector workers to 67...
ektal123 2 years ago
Google lewrockwell and read Ron Paul's essay on what he'd do. I expect Schiff would do something very similar. Both are Austrian economists and I'm sure Schiff respects the Constitution.
selfrealizedexile 2 years ago
Schiff was Ron Paul's economic adviser
sirchilly 2 years ago
whine, whine and whine and try to get politicians to listen up and come to their senses - haven't you heard peter talk about how hes going to get his big 'message' across in washington?
trinomialtree 2 years ago
Go Schiff! You're Awesome! Schiff for Pres! Ron can be VP.
dsmillerr 2 years ago
other way around is more realistic and would be better :P but then again, any of them would be enormous improvement.
princeofexcess 2 years ago