Peter Schiff - Australian TV - Part 1

[GoonOfFortune]

this lady has noooooo idea



[LibertyDownUnder]

0:30 "the African American Anti christ is leading the US into rack n ruin"

Yep, pretty much.

[NSResponder]

Jesus, that woman is an idiot.

-jcr

[aviomaster]

SadisticMonkey336 - Deciding what is worse is hard. Let them fail or save them.

Leting AIG , Wells Fargo, JP Morgan , Countrywide, Merril Lynch, Washington Mutual, Wachovia, IndyMac, Bear Stearns , Fannie and freddy, citi ,Bank of America etc. huge financial insitutions which existed for 80 90 years go bankrupt. THAT Is tough question.

[TrenchtownBongs]

This woman just has no idea what she is talking about.

[TheChirodude]

What I find interesting about this is that Arnie Arnesen seems sooo close to getting "it". She just can't let go of the tired liberal "deregulation is the problem" mantra. LOL'd when she rebutted Schiff''s contention that Obama is "socializing' the economy visa vie monetizing (sovereign-izing) private debt......."Peter, don't say that" My my my, Arnie, can't you do better than that. Makes you cringe to hear the "S" word - doesn't it Arnie.

[jjason1985]

Peter Fucking Smoked Her!

Pwnage

[JonasFrimodt]

hahaha she is soooo annoying

[julianmck]

The American people voted against the bailouts!!! George Bush was able to get the bailout money because they went to overseas entities. They lent the USA the money. If those institutions had failed, the whole world would have lost while the American people could just sit back and be irresponsible. Peter Schiff is stupid and dangerous and would start a world war. That's how it happen. When people lose everything.

[capncrunch93able]

debt that cant be paid back to other countries starts wars.

[aviomaster]

Sindyr1974 (--- I agree he is right , He speaks true economic theory ,,,

But his theory in real life means , Bank of A. , Citi ,Chase , etc .. would not exist , and with that all the money forigners invested in USA , that would send a shock wave , throught the world , DO not LEND USA money ... and That is the real situation behind Bailouts .. of major financial institutions.

[SadisticMonkey336]

@aviomaster

If peter schiff had total control, there would probably be a depression...and after we get out of it the economy will be on the right track and will have REAL growth and stability.

Under the current leadership, however, there will be hyper-inflation and a massive collapse and america will become a third world nation and millions will starve.

Chemo ain't pretty but you just have to bite the bullet

[aviomaster]

edmack4me --- USA reminds me of a family which is spending money on credit , buying 60" flat screen TV's , vacations, cars borrowing all this money ,,, They do all of this knowing that they inherited grandmas savings account, and they will pay it when grandma dies. Grandma lives , and pay back comes , all of a sudden they can not spend anything , they have to make payments. THAT is just Stupid.

[aviomaster]

audiohi -- IF you put Peter Shiff's economical idea millions of people would loose jobs ,, But HOW to explain to millions and millions of Americans who lost their jobs ...

Under Peter Shiff economy would be in a FREE FALL for maybe 1-2 years , but than it would STOP , and many many Americans would be living like people in some 3rd world country.

[aviomaster]

Optimism is what economy needs in thiese bad times ...

Peter Shifff is right ,,, on many things , but his approach would not work eather ..

[audiohi]

youre so wrong its funny

[edmack4me]

@aviomaster Yes, they have their heads in the sand.

[Sindyr1974]

You don't understand that the money keeping these dead in the water companies going is borrowed or taxed. It is a zero sum game where it has to fail anyway, either now, or much worse and burdened by more tax and debt later, and with a devalued or worthless dollar from printing money to pay for these failed enterprises. Schiff is EXACTLY right that to deal with it now is better. Printing and borrowing to get out of debt never works, it just leads to the eventual much worse crash.

[amboyovich1]

when did we elect harry potter's sister into congress??? Who is this retard?!

[davfritz]

that woman is a nut in dreamland

[7Christian]

Whose the stupid BITCH with the BAD HAIR? She is clearly an imbecile and she is rambling. "Peter don't say that!!!" WTF! What is he 40 something, she's speaking to him as if he were a child. If she were not so damn verbose maybe she would learn something.

[gnuochtapir]

who is this woman?? wtf

[mechanicalengineer3]

US is bankrupt, dollar will decline, Bernanke will keep printing money. Gold WILL GO UP! US will keep investing money in oil eg. Caspian Sea to build pipelines through Afghanistan and Pakistan! US has destroyed other countries now it's their own turn to get fudged!

[shouldlistentoronpau]

She thinks stimulus was not big enough, WOW

I didn't know people could be that stupid.

[lsa420]

@shouldlistentoronpau You must not have been watching much TV!

[LenGarc]

She's a man

[blabblab1212]

Lord I think you'd overdose if you knew what's going down.

[rodripalacio]

Hahaha, who's that femi-fascist? That's Peter's first real political debate with a hardcore socialist and not just keynesians. The great thing about mr. Schiff is that he is able to turns everything into economics, in which he is an expert, and makes everybody else look like idiots. Personally, I would recommend him doing business, but at the same time, he is brilliant in politics and it would be funny to follow him!

[MrBankRuns]

This lady needs to take economics 101.

[hidasmuttakankea]

Mr. Schiff is again absolutely right, but I am amazed how those other morons doesn´t seems to understand him. Example this women here.

[delatroy]

people understand and have been conditioned to understand fantasy. Its comfortable to be optimistic things when evidence is clearly otherwise. I think its innate in us but idiotic all the same.

[cas111498]

we will put her on the list of deceiveng traitors.

[mlndstream]

Peter Schiff should run for the position of Australian Prime Minister, he'd care more about our country doing well than our current Prime Minister....he's always running off around the world trying to earn himself a position in the UN for when he gets voted out

[stealthswimmer]

I usually don't like when people ramble on...but I'm glad Peter went on a rant like that, lol. People need to hear the truth.

[geniusmarketing08]

haha, classic.. I still havent seen anyone win an argument with Peter yet.. he's quite hard to talk over too luckily.

[debtinterest]

ugly woman is absolutely right.... :)

[audiohi]

hahahah that was funny i almost believed you, but of course you're not that stupid :)

[debtinterest]

she is right! Peter is just crack head! try to make money from speculating gold...

[LenGarc]

Dork

[audiohi]

Using your logic then why dont we just make the stimulus 500 trillion? If the stimulus wasnt big enough as she claims and thats the problem, why not make it that much? After all the more money the better right? Because stimulus is supposedly a good thing so obviously the more stimulus, the better

LOL!

[debtinterest]

no that wasn't her point. you can have stimulus but not for wall street, government should take the money and give it to main streett and make public investment, not financial paper investment...

[audiohi]

You cant fix the problem of borrowing and spending beyond your means, with more borrowing and spending.

Just as if you have a credit card maxed out, paying it off with another credit card isnt fixing the problem. The problem is that you were spending too much in the first place, and should stop in order to gain capital.

The US needs to stop spending, not borrow money so it can spend even more. What kind of public investments are you refering to that would be productive by any means?

[debtinterest]

who said US government is gonna borrow money? and whom do US government borrow money from?

[dxartist]

debt,

apparently, you don't know too much. The US gov already borrows money, and a lot of it from China, Japan, Saudi Arabia, and any other country foolish enough to lend. The money lent to this country goes to spending and consumption, and that it. The government has no productivity of any sort. All it can do is borrow, tax, and take away money to spend.

[debtinterest]

I guess you know nothing about economics... US government borrow money from Federal Reserve, which print dollar. why should US government borrow from Federal REserve plus interest? why don't they print their own money and loan it to productive economy, not paper financials...?

[dxartist]

debt,

Iknow the Feds are the government's banker. I was simply giving you an example which countries they borrow from. They should not be borrowing from anyone. The Federal Reserve should be abolished because it is an unconstitutional banking cartel that was set up illegally in 1913. There should be no stimulus packages or bailouts for anyone, Wall Street or mainstreet.

and by the way, Peter is no crackhead. He makes money for his clients. The crackhead is that closet socialist whore.

[RightBrainSane]

well she's quite an idiot isn't she

[1mealperday]

shiff is the man. he is absolutely right