Obamam will lose in 2012 becoz US corporates not creating job. US tax rates are very high. nothing can be done as house is run by republicans. bye obama/michelle
@silvercelli how are ur predictions working out? gold is now $1360/ounce. the dollar index fell to 78. the dow is rising b/c it has to be priced in dollars adjusted for inflation. peter is a macro investor which means he has a long term outlook of at least 3-10 yrs. he doesn't short term trade.
@Clarissa2424 u need to understand the definition of inflation. it literally means an expansion in the $ supply. the fed is printing money. that is inflation. rising prices are a consequence of inflation but don't immediately follow. there is a lag.
In the 1970's the US government was printing 20 million per day and when the deflationary party was over, from 1976 to 1980 Real Estate quadrupled in price nationwide. Now they are printing 4.1 Billion per day so when the deflationary party is over, the inflation will cause a massive jump in prices the second half of this decade (the last report out says that the foreclosures will be sold off at the end of 2015).
@silvercelli Schiff was wrong in the short term but there's still over 5 months left in the year. He wasn't anticipating the downturn in the Euro which since it accounts for 57% of the weight of the dollar index caused the dollar to rise as it sank. Recently the Euro has started to rise and the dollar is now sinking. It should be interesting tp see how this plays out in the next few months. The Chinese yuan recently become less fixed to the dollar and is now rising against the dollar.
The guy here represents a typical newscaster/talk show host; knows nothing but is firm in his convictions.
Sadder still, he represents a HUGE portion of America that believes the nonsense spouted by the Admin' and the so-called 'Federal' Reserve.
I also wonder what kind of deal With The Devil Warren Buffett made in his recent B/H address, remarking that he couldn't think of anyone "more qualified to head the Fed"?
half of us's population needs to be wiped out. there are too many useless people in this great country. I work two jobs and pay taxes, plus i served for my country.
Fuck this immigration law, and fuck half the us population that is mainly useless and unproductive.
You can always predict a nation's wealth by it's industrial output. The U.S. no longer has industrial output, most manufacturing has been off-shored. The U.S. cannot remain an economic superpower on an economy based in the service sector. A service sector economy is what you would find in Guatemala.
1:25. . .who is that young, WOW playing, cheeto-eating kid sitting on the left end of the panel. I can't believe peeps are still arguing with PS!! They fail to look at history. They are watching the economy with rose colored classes.
I don't really care if those morons on TV understand what he is saying. He is reaching people like me who woke up about 7 years ago to this crooked game. I have an economics background but thanks to peter i got a better understanding of the economy as a whole. Listening to people like peter schiff I made over 100% return on my stocks last year investing in OIL and SHIPPING industry wohoo. When inflation hits commodities are gonna go thru the roof.
I think it is funny he is out there telling the truth and no one is taking him seriously. BHO got elected based on being able to save us and then he gave us stimulus that is only making it all worse.
Thats my criticism of counter-cyclical Fiat monetary policy (pro-cyclical!), heres my plagiarised criticism of the bailout and of Keynesian stimulus.
Every system which endeavours... to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it... retards, instead of accelerating, the progress of the society toward real wealth and greatness."
Adam Smith agrees with Schiff as does Locke because affirmative govt action=bad.
what we need to do, is to have mass killings throughout the us. Too many people and too many idiots = not enough jobs more and more problems and more tyranny. Half the population must be wiped out. Stalin style
That's my criticism of counter-cyclical Fiat monetary policy (pro-cyclical!), here's my plagiarised criticism of the bailout and of Keynesian fiscal stimulus.
"Every system which endeavours... to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it...retards, instead of accelerating, the progress of the society toward real wealth and greatness."
Adam Smith agrees with Schiff. As does Locke because affirmative govt=bad
How dangerous are statistics in the hands of Keynsians! Rising 'prosperity' in a boom occurs because when the Fed induces credit expansion by committing mass fraud via interest rate control, it leads to malinvestments which normally clear quickly-but to sustain the boom you can keep the inflationary liquor pouring, causing malinvestments to mount until the fraud ends.
So using fraud to prevent the deflationary saving just builds more malinvestment and another boom/bust cycle.
oh the panic of the panel! but peter can leaad because he isnt panicking and can see the sinking ship as it is - but whether or not his message gets out enough!!
i love love love watching these boobs getting these their asses handed to them year end and year out..... pete has been doing this for nearly 10 years and they still still laugh at him... he'll be back next jan and make them look like ass clowns agian i love it
My favorite movie is Jurassic Park which I saw with my parents at the theatre. I like it because we could see one of our distinct animals and could know its behavior.
Enjoy.... 1/4/2010 Peter Schiff On Fast Money: Dollar Collapse By 70% In 2010? ... great clip.
Easy, Watch, Play -> MOVIESFORFREE!! FULL LENGTH MOVIES ->>
The first thing that strikes me about this video is its context. Watch these Fast Money idiots like a year ago. They were yelling at Peter, ridiculing him, etc. Now he's standing in the studio!
Economics is a complex subject, and investment is tough (especially with so much market distortion), but I think Peter and the Austrian school make the most sense overall.
@kkanya Economics is complex, but there are some fundamental common sense that no professors and scholars can distort.
Like if your countryman don't work to produce anything, only some marginal services. While you spend your money like crazy. You cannot do this forever.
Like if you borrow money from others, use that money to buy things from the person who borrow you the money, you cannot do this forever.
You really don't need any specific school of economists to tell you that.
@consdel200: theirs no shortage of people willing to look like an idiot in exchange for being on tv, idk where they find these guys to scoff at Schiff but theyre apparently in endless supply
Who is that brunette know-nothing who is trying to indicate he knows more about the health of the U.S. economy than Peter Schiff? Oh my heavens, good sir, close your mouth already! Have you not seen Peter Schiff calmly and rationally and accurately describe in advance the problems the economy now faces. Mr. Brunette, you speak as if you aren't aware that the growth is fake and entirely dependent on the coddling and babying the U.S. is doing to keep our "Weekend at Bernie's" phony economy alive
I agree that guy does not have a clue on the reality of the problem, it is a bandage. It´s like a cancer that is radiated and you think that the cancer is gone because the tumor (visible one) has shrunk, but the cancer is still there microscopically and it will grow back with more punch, and you´ve just weakened the immune system with the radiation. It is the same thing with the economy and the debt. They should fire that brunette guy. (rookie wannabe economist)
They only thing they do is interpret statistics the way they show some "improvement", little or no effort is paid to structural issues, to which Schiff is advocating.
How is it that they still keep questioning Schiff like hes a nut or something? Hes been right for years yet everytime he is on the TV for the last few years they always treat him like this, like they are the young students seriously doubting the ecentric college prof thats losing his marbles. Makes me trust even less the agenda of the media, or Schiff or shit, I almost dont trust anyone or anything on TV anymore. Am I alone on this?
Commodities are priced in dollars, but they are not fixed to the dollar. If the dollar drop the price of oil, for example, is likely to increase. To other currencies the price of oil might seem stable.
But when the dollar drops everyone will try to get rid of them. That means dumping the dollars on the US marked. Commodities will still be regulated by the world marked, but the surplus of $ must be absorbed by the US marked.
When all the foreigners see that their $ are losing value they will invest in the US stock market - directly or indirectly. The $ must be used in the US. The stock market will sky-rocket while prices on commodities on the international market will raise slower.
The US stock-market will not be a bad place to be.
It will not help average people though, because all money will be used on essentials.
I think the main difference between Schiff and this crowd is that they are investors - in the sense that they make money from manipulating the structures of markets and the flow of capital, but unlike Peter, have no appreciation for how and why these systems are put into place and what purpose they are there to serve.
It's quite sad when you consider they're probably recipients of the best financial education available, yet can't understand Adam Smith or Friedman perspectives - Just want green.
They don't understand Friedman because he is 99% wrong with all his thesis. Well they are too, but wrong again. Nobody seems to ever check if there theories are matching reality. If they do not they try to change reality instead the theorie.
There is a reason why Nobel never wanted a nobel price for economy. Because he hated this suckers. And like in the stock market somebody else rushed and fooled with something that looks like a Nobel Price.
Peter played kick the can with these guys. You can't argue with Schiff. The only thing you can say is, "Look at the numbers," but the numbers are just a product of the government, just like they were before the bubble burst. They just don't have an argument until they understand why Peter was right, how bubbles are created.
I'm glad you're retracting your earlier mis-informed bash of his 1,3,5, & 10 year performance records.
To most normal investors who aren't trying to time lows perfectly, that's a lot more relevant than cherry-picking some nine month period. If I had more time, I'd dig up what these guys were saying through most of this past decade.
OK since you want to continue, FACT: Hang Seng solidly outperformed S&P 500 even when you cherry-pick by looking at the mar09 low.
You mentioned all the things Schiff said NOT to buy, but not the thing he always harps on TO buy: China (which he's been pumping for over10 years). Someone would read your post and come away with the idea that Schiff is telling people to throw cash under their mattresses. That's actually the LAST thing he advises to do.
If you disagree with performance against the sp500 as a useful baseline for evaluating someone's advice, then we definitely are talking past each other.
- I'm not saying "you need to go through Schiff." I'm saying "You're dead wrong about his advice's performance over time periods you mentioned."
- I brought up the SP500 as a good baseline for comparison
- your dismissal of long-term thinking/trend-watching implies day-trader thinking
It's unrealistic to try to time markets and call, say, the Oct08 low in gold or the Mar09 low in the sp500. I'd call rubbish on anyone who claims they did and can't show proof.
"It's unrealistic to try to time markets and call, say, the Oct08 low in gold or the Mar09 low in the sp500. I'd call rubbish on anyone who claims they did and can't show proof."
I talk to a trader every day who called the March low. Well, he called 650 or 660 (I forget) since he said 666 would be too coincidental and creepy. Heck, CNBC had a fund guy on at the time who called it.
Is that unrealistic for MOST people? -- which is what I think you are saying? Then yep.
arb...your POV is completely irrelevant for 90% of people who want to earn returns on their savings. As one of the other commenters said, most people shouldn't try to be day-traders. The overwhelming majority of people should be investing for the long term.
I don't know the average return that most EPC clients get (and neither do you), but a Schiff-like strategy of 50% Hang Seng + 50% gold has absolutely raped the SP 500 over the last 1, 3, 5, and 10 years. So you're dead wrong there.
ok well if you wanna spend a lot of time researching stuff, sure you can make better returns. but that's a full time job. my full time job has nothing to do with investing. or you're just that good. but most of us aren't.
you guys don't want the Fast Money crew to take it easy on Peter do you? you want them to hammer him good and watch Peter explain it.
that being said, i wonder if all the fiat chunk is going to crash all at once, after watching the asian central banks propping up the dollar turd the last month or so -
Those MSM proles are so cute and funny - they should be hosting a morning show with celebrities - not discussing economics as if they were actual adults with a clue.
one acid test you can try is imagine all borders were closed off to trade tomorrow what would happen where? Most the major currencies would be in trouble but the dollar would probably be stronger as other places are carry trading it and depend on us buying their exports. Places like Japan could see the yen go into hyper-inflation as no one would want to put money there anymore. This could start a chain reaction like the asian contagion. the $ would be stronger but all would suffer.
"investment is all about return on capital over time and risk..."
No, that's speculation.
Investment is GROWTH of capital.
It may seem like a(n) subtle/insignificant difference, but it is not. If it has an arbitrary time limit, it is NOT an investment.
Mr. Schiff made a BET with Art Laffer about the consequences of FED action over two years ago. When he was confronted about the bet, the questioner asserting that he lost, he said the 90 day time limit had expired. Mr. Laffer was correct.
with a handful of long term trends? lol you make it sound not important. If you want to be a day trader, go for it. for the rest of us, it means investing for the long term. In which case, timing is not quite everything.
You know, It's not enough just to call these people stupid, this is just plain madness.
The guy on the end doesn't listen to a word Mr. Schiff is saying, all he wants to know is what stocks he recommends. If you don't listen to the guy talking, to discover whether or not he knows what he's talking about, how could you trust his recommendations?
...and if you believe he is so wrong, why do you keep admitting how right he was EVERY TIME you have him on? Why have him on at all?
Schiff is awesome, Obama's a fool to be taking advice from Warren Buffett rather than this guy. Glad he's running for Senate, its been nothing but a downward spiral with all of this excessive spending the government has been doing - especially in recent years.
Peter Schiff in this show time and again is a total mismatch. This show is all about trading and quick money...and Peter Schiff is talking about investing and the long term. Which is why these guys don't get it. They think in an hourly, daily basis not even monthly forget yearly which is what Schiff is talking about..
He's giant. We should be very happy Fast Money has him on often and let's him speak. This is a good sign. Folks are digging deep, questioning their views and allowing a previously maligned theory to explain events that they know they do not understand.
Of course they got's ta' try and *sound good*, but Shciff takes care of that :O)
the guys that are arguing with Peter are probably paid by some big-wig company or bank to encourage people to BUY BUY BUY more american stocks and spread disinformation so that the scared investors are either too afraid to invest or placated about their current investments.
Either that or there was LSD in the water supply :P
Peter Schiff is the masiah of wall street. every week he's crucified and comes back to prove them wrong lol
That young guy Peter is speaking to is an idiot! The whole American economy has been destroyed and he's lying and saying that the economy is recovering. What a jerk! He should give his university degree back.
god do i love hearing schiff talk, he is such a good resilient speker, very articulate, he doesnt fumble his words at all and can speak very coherently. I agree with him very much, wish these networks would have him on more. Fast Moneys producer said they get the highest ratings when he is on.
Inflationary depression... What does that really mean?
It means local & state govts STEALING property from Americans to make up their deficits.
For example: Even though it is known real estate was in a BUBBLE, property tax assessors are NOT lowering valuations of property. In fact nearly everywhere in my state, in county after county, there has been DOUBLE or TRIPLE property valuations in the past 9 years.
EVEN IF YOU HAVE NO MORTGAGE! THE GOVT IS COMING AFTER YOUR HOME FOLKS! GUARANTEED!
I am looking at property values for everyone on my street. MOST of my neighbors have seen their property values more than DOUBLE from 2004 to 2008.
That amounts to an annual increase of roughly 26% per year for 4 years.
I've called some of these tax assessors, which are elected officials. The last one I spoke with, I asked them what they were doing to take into account for the real estate bubble?
The lady on the phone became VERY belligerent and stated, 'We don't need you lecturing us."
same problem in my town- I think we should start paying property tax bills 1 dollar at time- If they dont need a lecture, they do need to process our payments.
One sliver cloud the the proverbial lining is that the stooges in government can't use what they'll take very well and have no one left to profit from in terms of asset utilization....the asset depreciation may starve them cash and accelerate their hanging in the streets.
it sucks to know that the usa will be a banana republic within 5 years. i wish we were in a better situation, i'm gonna be homeless. prob starving to death on the street because of these scumbag politicians who sold out america.
during the great depression there was record unemployment because hoover and roosevelt wouldnt let prices and wages go down. these keynesians are not just wrong, they are responsible for untold suffering. they need to be eliminated for good this time. the only way to do that is to end the federal system. end the federal government. that way, even if a few states are run by keyenesians, it won't take down the whole country. only those states will go bankrupt.
Pete! just because the government is using their FINGER to push the speedometer needle to 60mph doesn't mean the car is moving any faster! That's all these government numbers mean. The economic car is SLOWING (actual us production) but the government is fixing the speedometer and saying "look! were FLYING!" And when someone who looks out the window and points out that the mile posts aren't passing by any faster.... are ridiculed.
The classic argument between Keynesians and Austrians.....Keynesians don't recognize "inflation" as such by money expansion...they define it as price increases...but that is based on current day pricing not adjusted for reduced purchasing over time. The genie has been let out of the bottle and the American economy is a walking dead person.
I disagree with that. Why can't they disagree? It's part of a discussion, and that's a healthy way to learn. Peter Schiff's idea's are very reasonable, and these hosts are asking him good questions.
Great stuff, but I don't see a collapse in the dollar for at least another 3 yrs... Global zombies still follow American style and perception, heck Twilight is the best selling international book, as well as movie, and that's based on hype alone not content...
hollywood may actually be the one good investment. its still makes popular products desired the world over. and its run by liberals so they will be immune to windfall taxes and the like.
These pussies seem to mock him a lot less when he is right in front of them versus when he is off set, no?
Especially that prick on the far left.
While everyone continues to think that I am a loser for being "paranoid", or anti-social because I don't want to go get drunk with them at some bar, I will instead continue to learn as much relevant information as possible.
It will help prepare me and allow me to cope with one of the greatest challenges I will face in my life.
It can be very difficult to convince someone of the likelihood of a doom and gloom scenerio when the stock market is on the rise and ppl quickly forget about our unemployment problems...Schiff look like he was grasping at straws.
I surpose I used to one of those unconvinced. Only because I didn't know the definition of money and difference between real and nominal value. I could be a millionaire but if a dozen eggs cost million dollars, then I really haven't gained or gotten richer
I don't know how schiff stays so calm when talking to these idiots, they didn't listen to him in the past and they still look at him as if he is from mars when he states the obvouse
I predict the rapture within 500 days! So it's a race between being yanked out of here and taking on blue helmets under martial law. Either way we are almost out of time.
The funniest ... most ridiculous thing I have ever heard Peter says the dollar is crashing and people won't be able to buy food with government checks because of inflation and dummy syas " does that mean short retailers " lol give me a break ... wake up, it's over markets going up for now like Japan during their carry trade, but it will be a net loss when the dollar really starts tanking.
If Celente is right, and he usually is we should be looking at 40% inflation this year. I would not be too surprised if we make it to 2,000 an ounce in Gold by the end of the year.
This video is a keeper!!!! Especially the part when that guy said "There is NO inflation." Once inflation becomes a problem they should show that small clip over and over.
People fail to understand in a recession prices fall and the fact prices did not fall proves massive inflation already exists in consumer pricing. Just what Bernanke wanted to have happen.
I love peter Schiff and would really like to thank you for sharing this information on youtube. I don't have cable, so all my information comes from youtube and the internet. If you're wondering why I don't have cable, I had to unplug myself from TV .
Same here. I think many Americans witnessed the bias during the last Presidental election. Good news is the more people are turning off brainwash TV, the more people tend to join the Libertarian movement. Ron Paul 2012!
How the hell can you say there is NO inflation. That is akin to saying money grows on trees. Keep telling yourself that, and I'll be laughing my ass off as your wealth gets absolutely destroyed.
The only thing I think PS may be wrong on is the statement that the rest of the world is going to thrive the next decade. (which starts in 2011 by the way). It seems to me that the rest of the world has problems as big or bigger than the USA. Too many to list here but it's my observation that this is exactly whre the doomers diverge. I believe "decoupling" is a myth. The whole system is broken.
Some countries yea but others like China, India, and Japan no. Some countries have a trade surplus and a very high savings rate. We have neither and that's why Schiff makes that point.
decoupling is not a myth. its as real as u can get. ur already seeing signs of gradual decoupling.
the US economy is a burden on the world economy.
once the world lets the US economy collapse, the world economy will go through a transition period which they will experience short term pain but in the long run the world will thrive even faster as they dont have to prop up a dead US economy.
its a big weight off the back of the rest of the world.
i agree, its not gong to be that easy. you cant just remove all that u.s. consumer demand and expected a quick recovery. plus, china is acting too keynesian. they believe in stimulus. thats bad. only when china stops interfering and lets the old economy die, the one based on selling plasma tvs to foreigners, will they really start to recover.
Paypal and Alertpay Money Generator 2011 Working /watch?v=YSvth13Qzjg
vigra83 4 months ago
good call by tim seymour, no inflation anywhere LOL, this ones a classic
acup79 9 months ago
Obamam will lose in 2012 becoz US corporates not creating job. US tax rates are very high. nothing can be done as house is run by republicans. bye obama/michelle
assh0le911 9 months ago
Silver up $12 an oz since this interview with Pete...In one year....**Shivers**
BalZac419 1 year ago
It is interesting to see this at the end of the year.
From European, and finnish perspective:
USD is not seemingly down compared to Euro.
Stockmarkets are risen like 20% during this year at least here in this country according to news. From demand or genuine good news?
Several consumer goods prices are high but there is no real talk about this in media.
I guess year 2011 will be even more informative. Eurobond buyers are going to be something to check,
Annafin62 1 year ago
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tiblon1 1 year ago
Dollar down, gold up, unemployment increases while another goober business show host attempts to tell Schiff the economy is getting better.
Bluto2973 1 year ago
At least you can use your dollars as a cheap wallpaper..........
hahahahahahahah !!!!!!!
MrKatzengreis 1 year ago
@silvercelli how are ur predictions working out? gold is now $1360/ounce. the dollar index fell to 78. the dow is rising b/c it has to be priced in dollars adjusted for inflation. peter is a macro investor which means he has a long term outlook of at least 3-10 yrs. he doesn't short term trade.
ftwbk 1 year ago
I would have really liked to have heard what the young man on the left, ( Tim ?)was saying - but, he was interrupted. He made a lot of sense.
Because an expanded Fed Balance Sheet is NOT ALWAYS inflationary - Tim was right and Peter did not know that!
Money IS NOT moving around in an inflationary manner right now.
Clarissa2424 1 year ago
@Clarissa2424 u need to understand the definition of inflation. it literally means an expansion in the $ supply. the fed is printing money. that is inflation. rising prices are a consequence of inflation but don't immediately follow. there is a lag.
ftwbk 1 year ago
Comment removed
GreaselessAnkle 1 year ago
mr backslick is to stupid to understand what Peter is saying...
thehandsomedevils 1 year ago
In the 1970's the US government was printing 20 million per day and when the deflationary party was over, from 1976 to 1980 Real Estate quadrupled in price nationwide. Now they are printing 4.1 Billion per day so when the deflationary party is over, the inflation will cause a massive jump in prices the second half of this decade (the last report out says that the foreclosures will be sold off at the end of 2015).
MrAlanKendall 1 year ago
@silvercelli Schiff was wrong in the short term but there's still over 5 months left in the year. He wasn't anticipating the downturn in the Euro which since it accounts for 57% of the weight of the dollar index caused the dollar to rise as it sank. Recently the Euro has started to rise and the dollar is now sinking. It should be interesting tp see how this plays out in the next few months. The Chinese yuan recently become less fixed to the dollar and is now rising against the dollar.
jimeast2 1 year ago
@jimeast2 Agree. And now the EU and the UK are taking austerity which is miles better then what the US is trying to do.
drshock18 1 year ago
too funny that the guy who argued that he was wrong back in 09
is still arguing with him now...
I woudn't trust that guy with 2 pennies
HandyMan101 1 year ago
Jesus! The voice of that woman! Yak!
Fishface!
xantipathebest 1 year ago
The guy here represents a typical newscaster/talk show host; knows nothing but is firm in his convictions.
Sadder still, he represents a HUGE portion of America that believes the nonsense spouted by the Admin' and the so-called 'Federal' Reserve.
I also wonder what kind of deal With The Devil Warren Buffett made in his recent B/H address, remarking that he couldn't think of anyone "more qualified to head the Fed"?
Or was that meant as a joke?
gemriderz 1 year ago
half of us's population needs to be wiped out. there are too many useless people in this great country. I work two jobs and pay taxes, plus i served for my country.
Fuck this immigration law, and fuck half the us population that is mainly useless and unproductive.
fuck em all
fuckpopulations 1 year ago
You can always predict a nation's wealth by it's industrial output. The U.S. no longer has industrial output, most manufacturing has been off-shored. The U.S. cannot remain an economic superpower on an economy based in the service sector. A service sector economy is what you would find in Guatemala.
terrafirma91 1 year ago
1:25. . .who is that young, WOW playing, cheeto-eating kid sitting on the left end of the panel. I can't believe peeps are still arguing with PS!! They fail to look at history. They are watching the economy with rose colored classes.
revealer007 1 year ago
@revealer007 He's a cheeto eater!!!
TrunkMonkey3000 1 year ago
Love people like u guillone.
Won't think anything is wrong will it's too late. Perfect example of 'ignorance is bliss'
lilbrother45 1 year ago
"We're going to stop shopping, we're done."
fear and doom, it always sells. he's made a career out of it.
hahahaha, funny stuff.
I like 'the buzz' strategy, create a panic scenario and get booked for lots of speaking gigs. think i'll try it!
thanks schiff, cool.
guillone 1 year ago
He's exactly right. . . and please get the man a chair!
heyheymonkees 1 year ago
@heyheymonkees
This is like those Chinese sentencing tribunals... Good they didn't tie his hands behind his back.
xantipathebest 1 year ago
LoL they don't even give him a chair :(
EliteDoomer 1 year ago
I don't really care if those morons on TV understand what he is saying. He is reaching people like me who woke up about 7 years ago to this crooked game. I have an economics background but thanks to peter i got a better understanding of the economy as a whole. Listening to people like peter schiff I made over 100% return on my stocks last year investing in OIL and SHIPPING industry wohoo. When inflation hits commodities are gonna go thru the roof.
TheCashistrash 1 year ago
Peter Schiff is right on.
I think it is funny he is out there telling the truth and no one is taking him seriously. BHO got elected based on being able to save us and then he gave us stimulus that is only making it all worse.
bkdmd 1 year ago
Thats my criticism of counter-cyclical Fiat monetary policy (pro-cyclical!), heres my plagiarised criticism of the bailout and of Keynesian stimulus.
Every system which endeavours... to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it... retards, instead of accelerating, the progress of the society toward real wealth and greatness."
Adam Smith agrees with Schiff as does Locke because affirmative govt action=bad.
Nintendomanwill 1 year ago
what we need to do, is to have mass killings throughout the us. Too many people and too many idiots = not enough jobs more and more problems and more tyranny. Half the population must be wiped out. Stalin style
fuckpopulations 1 year ago
Yep and your the first in LIne !!!!!
Did you really just suggest that half the population be wiped out? Wow your fucking retarded
Libertarian26 1 year ago
That's my criticism of counter-cyclical Fiat monetary policy (pro-cyclical!), here's my plagiarised criticism of the bailout and of Keynesian fiscal stimulus.
"Every system which endeavours... to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it...retards, instead of accelerating, the progress of the society toward real wealth and greatness."
Adam Smith agrees with Schiff. As does Locke because affirmative govt=bad
Nintendomanwill 1 year ago
How dangerous are statistics in the hands of Keynsians! Rising 'prosperity' in a boom occurs because when the Fed induces credit expansion by committing mass fraud via interest rate control, it leads to malinvestments which normally clear quickly-but to sustain the boom you can keep the inflationary liquor pouring, causing malinvestments to mount until the fraud ends.
So using fraud to prevent the deflationary saving just builds more malinvestment and another boom/bust cycle.
End The Bernanke!
Nintendomanwill 1 year ago
oh the panic of the panel! but peter can leaad because he isnt panicking and can see the sinking ship as it is - but whether or not his message gets out enough!!
TheAmyknows 2 years ago
i love love love watching these boobs getting these their asses handed to them year end and year out..... pete has been doing this for nearly 10 years and they still still laugh at him... he'll be back next jan and make them look like ass clowns agian i love it
RIPPED7399 2 years ago 3
that ediot just blabbing his script whiteout knowing he is talking to Peter and frankly he dont have any idea wht he is talking look at his dum face
syszone 2 years ago
I wish I lived in Connecticut again.
Muziqstar 2 years ago
This has been flagged as spam show
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pitcockdanielagr 2 years ago
Comment removed
soundzero 2 years ago
The first thing that strikes me about this video is its context. Watch these Fast Money idiots like a year ago. They were yelling at Peter, ridiculing him, etc. Now he's standing in the studio!
Economics is a complex subject, and investment is tough (especially with so much market distortion), but I think Peter and the Austrian school make the most sense overall.
kkanya 2 years ago 13
@kkanya Economics is complex, but there are some fundamental common sense that no professors and scholars can distort.
Like if your countryman don't work to produce anything, only some marginal services. While you spend your money like crazy. You cannot do this forever.
Like if you borrow money from others, use that money to buy things from the person who borrow you the money, you cannot do this forever.
You really don't need any specific school of economists to tell you that.
garytcw 1 year ago
@consdel200: theirs no shortage of people willing to look like an idiot in exchange for being on tv, idk where they find these guys to scoff at Schiff but theyre apparently in endless supply
uwmbigb 2 years ago 3
But Peter what about the CAFR funds?
gladiator1010 2 years ago
Who is that brunette know-nothing who is trying to indicate he knows more about the health of the U.S. economy than Peter Schiff? Oh my heavens, good sir, close your mouth already! Have you not seen Peter Schiff calmly and rationally and accurately describe in advance the problems the economy now faces. Mr. Brunette, you speak as if you aren't aware that the growth is fake and entirely dependent on the coddling and babying the U.S. is doing to keep our "Weekend at Bernie's" phony economy alive
TsoyYeshchoZhivyot 2 years ago
I agree that guy does not have a clue on the reality of the problem, it is a bandage. It´s like a cancer that is radiated and you think that the cancer is gone because the tumor (visible one) has shrunk, but the cancer is still there microscopically and it will grow back with more punch, and you´ve just weakened the immune system with the radiation. It is the same thing with the economy and the debt. They should fire that brunette guy. (rookie wannabe economist)
drpena73 2 years ago
"theres no inflation anywhere"
LMAO
ForTehNguyen 2 years ago
We have alot of lessons to reflect on and alot of prep work to do if we are going to survive this coming year
DJKhamon 2 years ago
Crazy, neither the Dollar will fall nor the gold will raise in 2010.
I continue to invest my money in weed, beer and hookers.
llothar68 2 years ago 3
Ah yes, the essential commodities.
SENTRY000 2 years ago
They only thing they do is interpret statistics the way they show some "improvement", little or no effort is paid to structural issues, to which Schiff is advocating.
vantagepointmoon 2 years ago
How is it that they still keep questioning Schiff like hes a nut or something? Hes been right for years yet everytime he is on the TV for the last few years they always treat him like this, like they are the young students seriously doubting the ecentric college prof thats losing his marbles. Makes me trust even less the agenda of the media, or Schiff or shit, I almost dont trust anyone or anything on TV anymore. Am I alone on this?
jclemens1970 2 years ago 5
Commodities are priced in dollars, but they are not fixed to the dollar. If the dollar drop the price of oil, for example, is likely to increase. To other currencies the price of oil might seem stable.
But when the dollar drops everyone will try to get rid of them. That means dumping the dollars on the US marked. Commodities will still be regulated by the world marked, but the surplus of $ must be absorbed by the US marked.
Siddis33 2 years ago
When all the foreigners see that their $ are losing value they will invest in the US stock market - directly or indirectly. The $ must be used in the US. The stock market will sky-rocket while prices on commodities on the international market will raise slower.
The US stock-market will not be a bad place to be.
It will not help average people though, because all money will be used on essentials.
Siddis33 2 years ago
@Siddis33 Commodities are priced in US dollars buddy they will rise just as dramatically as the fall of the dollar equally actually
help6761 2 years ago
tim is an ass and a fool.... never bet against schiff
thebruno44 2 years ago 3
This financial show is a joke! The hosts are a bunch young investors. They don't know history, lacking in experience and foresight.
Yet they speak arrogantly like they know it all, typical young folks!
chimpanchu 2 years ago 17
@chimpanchu
Talking Bubble-heads.
Schiff was being easy on them.
CD318 2 years ago 3
except me, i was unfortunately born wise.
flarkfucky 2 years ago
I think the main difference between Schiff and this crowd is that they are investors - in the sense that they make money from manipulating the structures of markets and the flow of capital, but unlike Peter, have no appreciation for how and why these systems are put into place and what purpose they are there to serve.
It's quite sad when you consider they're probably recipients of the best financial education available, yet can't understand Adam Smith or Friedman perspectives - Just want green.
fomastephanovitch 2 years ago 2
@fomastephanovitch
They don't understand Friedman because he is 99% wrong with all his thesis. Well they are too, but wrong again. Nobody seems to ever check if there theories are matching reality. If they do not they try to change reality instead the theorie.
There is a reason why Nobel never wanted a nobel price for economy. Because he hated this suckers. And like in the stock market somebody else rushed and fooled with something that looks like a Nobel Price.
llothar68 2 years ago
If that was his reason for not wanting economics to be a category he must have really not wanted the peace prize.
fomastephanovitch 2 years ago
@chimpanchu
Thay are told to talk LOUD and FAST ... as if that way they sound smarter. So stupid!
And I hate the voice of that fish-face woman. Yak!
xantipathebest 1 year ago
@chimpanchu
hey am a young folk in London... but I agree with you.
ppeeza 1 year ago
@chimpanchu yep your right there hehehe meanwhile the us dollar is matched with au dollar first time history, sept/oct 10
455gs1 1 year ago
Peter played kick the can with these guys. You can't argue with Schiff. The only thing you can say is, "Look at the numbers," but the numbers are just a product of the government, just like they were before the bubble burst. They just don't have an argument until they understand why Peter was right, how bubbles are created.
ForOrAgainstUs 2 years ago 3
The people on fast money are Ding Bats!
Brickhouse86 2 years ago
How selective they are.
Sure the dollar went down 10% and gold went up 50%. Very good calls by Peter
What about another commodity... Silver. It's nearly up 100% since 11/20/08 and they fail to mention.
Crude oil was about $49 a barrell on 11/24/08
Both crude oil and silver are commodities like gold. Sure, Peter talks most about gold, but he talks of silver and oil too.
Too bad this so called panel didn't also mention silver and oil .
splenderfan 2 years ago
Peter takes these clowns behind the wood shed every time and they keep coming back for more.
spanishwhiskey 2 years ago 2
LOL at 2:09 "You are!" nice reply moron
happysplinters 2 years ago 2
I'm glad you're retracting your earlier mis-informed bash of his 1,3,5, & 10 year performance records.
To most normal investors who aren't trying to time lows perfectly, that's a lot more relevant than cherry-picking some nine month period. If I had more time, I'd dig up what these guys were saying through most of this past decade.
paleopaladin 2 years ago 2
OK since you want to continue, FACT: Hang Seng solidly outperformed S&P 500 even when you cherry-pick by looking at the mar09 low.
You mentioned all the things Schiff said NOT to buy, but not the thing he always harps on TO buy: China (which he's been pumping for over10 years). Someone would read your post and come away with the idea that Schiff is telling people to throw cash under their mattresses. That's actually the LAST thing he advises to do.
paleopaladin 2 years ago 2
If you disagree with performance against the sp500 as a useful baseline for evaluating someone's advice, then we definitely are talking past each other.
paleopaladin 2 years ago
I'll address in reverse order:
- I'm not saying "you need to go through Schiff." I'm saying "You're dead wrong about his advice's performance over time periods you mentioned."
- I brought up the SP500 as a good baseline for comparison
- your dismissal of long-term thinking/trend-watching implies day-trader thinking
It's unrealistic to try to time markets and call, say, the Oct08 low in gold or the Mar09 low in the sp500. I'd call rubbish on anyone who claims they did and can't show proof.
paleopaladin 2 years ago
"It's unrealistic to try to time markets and call, say, the Oct08 low in gold or the Mar09 low in the sp500. I'd call rubbish on anyone who claims they did and can't show proof."
I talk to a trader every day who called the March low. Well, he called 650 or 660 (I forget) since he said 666 would be too coincidental and creepy. Heck, CNBC had a fund guy on at the time who called it.
Is that unrealistic for MOST people? -- which is what I think you are saying? Then yep.
WesSeid 2 years ago
arb...your POV is completely irrelevant for 90% of people who want to earn returns on their savings. As one of the other commenters said, most people shouldn't try to be day-traders. The overwhelming majority of people should be investing for the long term.
I don't know the average return that most EPC clients get (and neither do you), but a Schiff-like strategy of 50% Hang Seng + 50% gold has absolutely raped the SP 500 over the last 1, 3, 5, and 10 years. So you're dead wrong there.
paleopaladin 2 years ago
ok well if you wanna spend a lot of time researching stuff, sure you can make better returns. but that's a full time job. my full time job has nothing to do with investing. or you're just that good. but most of us aren't.
gangien 2 years ago
and again. if you want to do short term investing, go for it. and again, for the rest of us, we invest for the long term.
gangien 2 years ago
you guys don't want the Fast Money crew to take it easy on Peter do you? you want them to hammer him good and watch Peter explain it.
that being said, i wonder if all the fiat chunk is going to crash all at once, after watching the asian central banks propping up the dollar turd the last month or so -
labourdonnais1 2 years ago
RedInvadesBlue(dot)com
pjallen823 2 years ago
I know he set the time limit after he "lost"; irrelevant.
A bet, like all speculation HAS to have time limits, as well as other well defined parameters (you're clearly not a gambler), an investment does not.
When you invest, you do so because of the fundamentals, NOT the parameters.
I have been responding to YOU in our discussion btw, not the video. That's why I brought up Mr. Laffer.
UtubeMyAccountName 2 years ago
Those MSM proles are so cute and funny - they should be hosting a morning show with celebrities - not discussing economics as if they were actual adults with a clue.
bnfox 2 years ago
one acid test you can try is imagine all borders were closed off to trade tomorrow what would happen where? Most the major currencies would be in trouble but the dollar would probably be stronger as other places are carry trading it and depend on us buying their exports. Places like Japan could see the yen go into hyper-inflation as no one would want to put money there anymore. This could start a chain reaction like the asian contagion. the $ would be stronger but all would suffer.
kanechi100 2 years ago
"investment is all about return on capital over time and risk..."
No, that's speculation.
Investment is GROWTH of capital.
It may seem like a(n) subtle/insignificant difference, but it is not. If it has an arbitrary time limit, it is NOT an investment.
Mr. Schiff made a BET with Art Laffer about the consequences of FED action over two years ago. When he was confronted about the bet, the questioner asserting that he lost, he said the 90 day time limit had expired. Mr. Laffer was correct.
UtubeMyAccountName 2 years ago
@ arbitrage My god ! peter's picks in china hongkong and singapore have gone up by 1000% I mean you must be really insane to say S&p did good
madhuradi 2 years ago 3
"timing is everything in investing..." "...but he is an awful investor/trader..."
You are perhaps confusing 'investing' with 'speculating'.
Investing IS long term trends. There is no 'timing' involved.
UtubeMyAccountName 2 years ago
with a handful of long term trends? lol you make it sound not important. If you want to be a day trader, go for it. for the rest of us, it means investing for the long term. In which case, timing is not quite everything.
gangien 2 years ago
Exactly!
UtubeMyAccountName 2 years ago
He should set himself on fire during a show,
THEN MAYBE THEY WILL HEAR HIM SCREAMING!
sevenfights 2 years ago 2
At least they are having him on and his message is getting out.
K46620 2 years ago 4
Banking holiday coming soon and the dollar crashed by 50%. The criminal banksters (New World Order) are destroying America.
ronheri 2 years ago 3
Hes trying to talk to kids who want their presents now now now and cant think past the tips of their noses.
mrpatience2007 2 years ago 4
You know, It's not enough just to call these people stupid, this is just plain madness.
The guy on the end doesn't listen to a word Mr. Schiff is saying, all he wants to know is what stocks he recommends. If you don't listen to the guy talking, to discover whether or not he knows what he's talking about, how could you trust his recommendations?
...and if you believe he is so wrong, why do you keep admitting how right he was EVERY TIME you have him on? Why have him on at all?
MADNESS
UtubeMyAccountName 2 years ago 5
He's missing 2 important pieces to his argument:
1. OECD Sovereign nations that are financed through their OWN currency don't get hyperinflation
2. The economic decline he is talking about (which is certainly plausible) will result in LOWER interest rates not higher - see Japan.
I agree - own gold, but don't expect the EM countries to do well, while we suffer - 2008 proved there is no TRUE decoupling.
jj7823 2 years ago
Schiff is awesome, Obama's a fool to be taking advice from Warren Buffett rather than this guy. Glad he's running for Senate, its been nothing but a downward spiral with all of this excessive spending the government has been doing - especially in recent years.
slvrserfr 2 years ago 5
Hold on, let me get this straight.... because this is very confusing, (btw im only 2min through the video)
So did they run out of chairs, why is peter standing there, he reminds me of a school teacher talking to some retarded children???
fox20012 2 years ago 4
Peter Schiff in this show time and again is a total mismatch. This show is all about trading and quick money...and Peter Schiff is talking about investing and the long term. Which is why these guys don't get it. They think in an hourly, daily basis not even monthly forget yearly which is what Schiff is talking about..
0musing 2 years ago 5
thats true. those morons there r into short term trading.
peter is talking about long term investing.
Those TV moron hosts dont seem to get the simple facts, hes been talking this since ages
gutrp 2 years ago 2
He's giant. We should be very happy Fast Money has him on often and let's him speak. This is a good sign. Folks are digging deep, questioning their views and allowing a previously maligned theory to explain events that they know they do not understand.
Of course they got's ta' try and *sound good*, but Shciff takes care of that :O)
InTheSticks1881 2 years ago 3
the guys that are arguing with Peter are probably paid by some big-wig company or bank to encourage people to BUY BUY BUY more american stocks and spread disinformation so that the scared investors are either too afraid to invest or placated about their current investments.
Either that or there was LSD in the water supply :P
Peter Schiff is the masiah of wall street. every week he's crucified and comes back to prove them wrong lol
tillo2008 2 years ago 4
How many times does Peter have to be correct for these boneheads to hear what he is saying?
jknop1001 2 years ago 8
Yeah, he said "There is no inflation anywhere".....
So let me get this straight....
The dollar loses 97% of it's value over the last 80 years to inflation, then suddenly... in 2009, it stops.
GTFO!
MOPEDBRAD 2 years ago 7
That young guy Peter is speaking to is an idiot! The whole American economy has been destroyed and he's lying and saying that the economy is recovering. What a jerk! He should give his university degree back.
freedomfighterone 2 years ago 5
Great showing by peter.
That one host on the left has always had something personal against peter, hes a douche.
Ive learned more wathing Peter schiff videos than any classes through high school / college.
audiohi 2 years ago 5
That's because Peter always shows him up as the fool that he is.
Every single time Schiff has come in and laid down the truth... he makes this guys views look backward and stupid.
Schiff for Senate. :o)
lokir 2 years ago 4
when the bush tax cuts expire in early and/or mid-2010, taxes will increase substantially and the dollar will take a hit
Kingdom007Hearts 2 years ago
LOL @ subtitles:
SCHIFF CALLED FOR HIGHER GOLD, LOWER DOLLAR BACK IN 2008 :)
Actually it was 2002. :)
Voy2378 2 years ago
god do i love hearing schiff talk, he is such a good resilient speker, very articulate, he doesnt fumble his words at all and can speak very coherently. I agree with him very much, wish these networks would have him on more. Fast Moneys producer said they get the highest ratings when he is on.
Scapone2001 2 years ago
"The always shy and reticent Peter Schiff."
LOL. I like that. :)
marktrade88 2 years ago 3
Inflationary depression... What does that really mean?
It means local & state govts STEALING property from Americans to make up their deficits.
For example: Even though it is known real estate was in a BUBBLE, property tax assessors are NOT lowering valuations of property. In fact nearly everywhere in my state, in county after county, there has been DOUBLE or TRIPLE property valuations in the past 9 years.
EVEN IF YOU HAVE NO MORTGAGE! THE GOVT IS COMING AFTER YOUR HOME FOLKS! GUARANTEED!
sublimetrance 2 years ago
kinda fucked up how now they get everything- EVERYTHING-..anyone want to stop them?
jsmythib 2 years ago
I am looking at property values for everyone on my street. MOST of my neighbors have seen their property values more than DOUBLE from 2004 to 2008.
That amounts to an annual increase of roughly 26% per year for 4 years.
I've called some of these tax assessors, which are elected officials. The last one I spoke with, I asked them what they were doing to take into account for the real estate bubble?
The lady on the phone became VERY belligerent and stated, 'We don't need you lecturing us."
sublimetrance 2 years ago
same problem in my town- I think we should start paying property tax bills 1 dollar at time- If they dont need a lecture, they do need to process our payments.
jsmythib 2 years ago
One sliver cloud the the proverbial lining is that the stooges in government can't use what they'll take very well and have no one left to profit from in terms of asset utilization....the asset depreciation may starve them cash and accelerate their hanging in the streets.
Nickelodeon2002 2 years ago
i hope to god peter is wrong. but i can be certan he is....
thepie8u 2 years ago
Absolutely awesome. Way to put that kid-punk in his place with all your salient points.
rbarrettiii 2 years ago
it sucks to know that the usa will be a banana republic within 5 years. i wish we were in a better situation, i'm gonna be homeless. prob starving to death on the street because of these scumbag politicians who sold out america.
PoliticsAddict 2 years ago
during the great depression there was record unemployment because hoover and roosevelt wouldnt let prices and wages go down. these keynesians are not just wrong, they are responsible for untold suffering. they need to be eliminated for good this time. the only way to do that is to end the federal system. end the federal government. that way, even if a few states are run by keyenesians, it won't take down the whole country. only those states will go bankrupt.
michaelpshipley1 2 years ago 2
Ron Paul 1971
I got into politics because when sound money ended the Austrian theory predicts a hyper-inflationary situation because all fiat money resets to 0.
Ron Paul 2008
The fiat money system has now ended they'll try to re-inflate the bubble but it won't work this time.
Buy gold and silver folks so you can eat in the future.
boots920 2 years ago
Pete! just because the government is using their FINGER to push the speedometer needle to 60mph doesn't mean the car is moving any faster! That's all these government numbers mean. The economic car is SLOWING (actual us production) but the government is fixing the speedometer and saying "look! were FLYING!" And when someone who looks out the window and points out that the mile posts aren't passing by any faster.... are ridiculed.
engine2truck6 2 years ago
ELECT THIS MOTHERFUCKER PRESIDENT
HumanAccount 2 years ago 7
The classic argument between Keynesians and Austrians.....Keynesians don't recognize "inflation" as such by money expansion...they define it as price increases...but that is based on current day pricing not adjusted for reduced purchasing over time. The genie has been let out of the bottle and the American economy is a walking dead person.
Nickelodeon2002 2 years ago 2
@Nickelodeon2002
Even keynsians believe the definition of inflation is the act of printing money. At least that's why I learned in college.
savemyplaylist 2 years ago
Nah. Most Keynesians define inflation as a rise in prices.
Nickelodeon2002 2 years ago
Peter Schiff shouldn't waste his breath on the fucking idiotic sheep any longer..Let the learn the hard way...Peter is my man............
thesiciliannyc 2 years ago
I disagree with that. Why can't they disagree? It's part of a discussion, and that's a healthy way to learn. Peter Schiff's idea's are very reasonable, and these hosts are asking him good questions.
TofCanada 2 years ago
Peter See's win fall profit taxes for corporations in America but what about investors that take advantage of the dollar fall?
davincij15 2 years ago
Great stuff, but I don't see a collapse in the dollar for at least another 3 yrs... Global zombies still follow American style and perception, heck Twilight is the best selling international book, as well as movie, and that's based on hype alone not content...
pntrain5 2 years ago
hollywood may actually be the one good investment. its still makes popular products desired the world over. and its run by liberals so they will be immune to windfall taxes and the like.
michaelpshipley1 2 years ago
These pussies seem to mock him a lot less when he is right in front of them versus when he is off set, no?
Especially that prick on the far left.
While everyone continues to think that I am a loser for being "paranoid", or anti-social because I don't want to go get drunk with them at some bar, I will instead continue to learn as much relevant information as possible.
It will help prepare me and allow me to cope with one of the greatest challenges I will face in my life.
rdubtheislander 2 years ago 8
i like it when they challenge him. it just makes him look more righter.
michaelpshipley1 2 years ago 4
It can be very difficult to convince someone of the likelihood of a doom and gloom scenerio when the stock market is on the rise and ppl quickly forget about our unemployment problems...Schiff look like he was grasping at straws.
chingon711 2 years ago
@chingon711
I surpose I used to one of those unconvinced. Only because I didn't know the definition of money and difference between real and nominal value. I could be a millionaire but if a dozen eggs cost million dollars, then I really haven't gained or gotten richer
4rcane 2 years ago 2
I don't know how schiff stays so calm when talking to these idiots, they didn't listen to him in the past and they still look at him as if he is from mars when he states the obvouse
jonbmd 2 years ago 5
I predict the rapture within 500 days! So it's a race between being yanked out of here and taking on blue helmets under martial law. Either way we are almost out of time.
nitdiver5 2 years ago
those news people are so incredibly dumb, they understand nothing he says
aeronhibby 2 years ago
They still don't listen to him. This blows my mind on so many levels.
sniper6081 2 years ago 6
The funniest ... most ridiculous thing I have ever heard Peter says the dollar is crashing and people won't be able to buy food with government checks because of inflation and dummy syas " does that mean short retailers " lol give me a break ... wake up, it's over markets going up for now like Japan during their carry trade, but it will be a net loss when the dollar really starts tanking.
polarbeach 2 years ago
it's called "Fast Money" so they're looking for trades on the show, give the guy a break
john5246 2 years ago
If Celente is right, and he usually is we should be looking at 40% inflation this year. I would not be too surprised if we make it to 2,000 an ounce in Gold by the end of the year.
Vunks2000 2 years ago
Thanks for posting Schiff.
capcom101you 2 years ago 2
Does anyone notice that Schiff seems to have a lot more gray hair compared to that earlier clip they showed in this segment?
LeifEiriksson 2 years ago
@LeifEiriksson yep, that's because he entered into the nasty world of politics
escapethecollapse 2 years ago
Look at his original "peter schiff was right" video, yes he's aged a lot
john5246 2 years ago
Perhaps, he has more gray hair because he could not find ways to enlighten these fools.
If I had to talk the same stuffs over and over for a decade, I'd age rapidly lol.
devilmirror1 2 years ago 6
Why do these boneheads not understand? Peter makes perfect sense to me.
jfcrow1 2 years ago
WHAT?!? Check 3:11 This guy says that there is NO inflation anywhere??
Why can't 5 host of this show effectively debate 1 Peter Schiff??
gambit1357 2 years ago 2
becasue they are clueless :) all playing the game
sebo2001 2 years ago 2
Wait till Schiff is going to make fools of these stupid CNBC mouths before too long.
focus21x 2 years ago
@focus21x
Again!
HouseMatch 2 years ago
I am curious as to what the reaction will be when these fools are eating out of dumpsters because of their lack of foresight or morals.
Its going to be a doozie....
doobsta 2 years ago 3
put a sock in the pretty boys mouth
mike6459 2 years ago 2
This boy got a "gun" in his mouth!
Tell these fools what's up Peter!
AFRIKTODAY 2 years ago
This video is a keeper!!!! Especially the part when that guy said "There is NO inflation." Once inflation becomes a problem they should show that small clip over and over.
ciottini 2 years ago 3
People fail to understand in a recession prices fall and the fact prices did not fall proves massive inflation already exists in consumer pricing. Just what Bernanke wanted to have happen.
residentzombie 2 years ago
I love peter Schiff and would really like to thank you for sharing this information on youtube. I don't have cable, so all my information comes from youtube and the internet. If you're wondering why I don't have cable, I had to unplug myself from TV .
louis345 2 years ago 4
Same here. I think many Americans witnessed the bias during the last Presidental election. Good news is the more people are turning off brainwash TV, the more people tend to join the Libertarian movement. Ron Paul 2012!
residentzombie 2 years ago 2
This comment has received too many negative votes show
schiff should be more calm
wtfbroskie 2 years ago
How the hell can you say there is NO inflation. That is akin to saying money grows on trees. Keep telling yourself that, and I'll be laughing my ass off as your wealth gets absolutely destroyed.
chrrrr 2 years ago 4
They don't give Peter a seat? Bullshit. Ah, he doesn't need one anyway, as he is high above them. In more ways than one.
Tyler7692 2 years ago 4
The only thing I think PS may be wrong on is the statement that the rest of the world is going to thrive the next decade. (which starts in 2011 by the way). It seems to me that the rest of the world has problems as big or bigger than the USA. Too many to list here but it's my observation that this is exactly whre the doomers diverge. I believe "decoupling" is a myth. The whole system is broken.
Happy New Year!!
totalfloat 2 years ago
Some countries yea but others like China, India, and Japan no. Some countries have a trade surplus and a very high savings rate. We have neither and that's why Schiff makes that point.
petiemac12 2 years ago
decoupling is not a myth. its as real as u can get. ur already seeing signs of gradual decoupling.
the US economy is a burden on the world economy.
once the world lets the US economy collapse, the world economy will go through a transition period which they will experience short term pain but in the long run the world will thrive even faster as they dont have to prop up a dead US economy.
its a big weight off the back of the rest of the world.
the US economy is just a passenger.
stealthpakfa 2 years ago
i agree, its not gong to be that easy. you cant just remove all that u.s. consumer demand and expected a quick recovery. plus, china is acting too keynesian. they believe in stimulus. thats bad. only when china stops interfering and lets the old economy die, the one based on selling plasma tvs to foreigners, will they really start to recover.
michaelpshipley1 2 years ago
Nice Peter, took em all on
odin422 2 years ago 3
How many times does he have to explain INFLATION to these people. They keep looking at prices. Peter Schiff for Senate 2010!!!!!
petiemac12 2 years ago 4
Inflation is the ACT of printing money, and that's what the fed is doing!!!!
savemyplaylist 2 years ago 7
They do not seem get understand teh definition of inflation. It's in the Dictionary and any Austrian Book you read.
petiemac12 2 years ago 4
Peter Schiff is the damn truth here
Fuck these globalists.
jmjfanss 2 years ago 5
These fools aqre going to be great in the 2010 peter schiff was right
vince8520 2 years ago 8
lol... the money is circulating =\ ... thanks for uploading... I always look forward to these.
pedroquintero 2 years ago 6