I wonder if Peter ever actually got his penny? Nope, doubt it... just more grief from different analysts saying he doesn't know what he's talking about when he says our currency is going to collapse.
I think schiff is a lot more effective here than in more recent features. he remains calm and makes short, precise points that the average schmuck can easily grasp,
I love how Kudlow defends Laffer (who was historically wrong and has even admitted it) by pushing the Feminist agenda (which was started by the same banks who Laffer defends).
I wish the ratio was 1 out of 3 globally... but it is more like 1 out of a few Billion... OMG, that interview was "??loss of words??" ... Anyway safest bet EVER.
Peter was right about the women thing. Bitch was probably just a feminist cunt. Women have always been the back bone and heart of the the family structure while men have always been the mussel and brains. Both are extremely important roles. The 21st century has fucked everything up. Get off the internet. GO OUTSIDE. WE WEREN'T FUCKING READY FOR THIS TECHNOLOGY! WE'RE HUMANS! WE HAVE ABUSED AND PERVERTED IT ALL! IT'S WHAT WE DO!
There are a few politicians aswell who predicted the recession in 1999 when the dreadful financial services act of 1999 was passed by the evil republican congress and democrat president Clinton . They are saying December is when a economic collapse will take place.
Laffer should have lost his job. YTo many asshats in the world and he is one, as is Ben Stein. The wealth has now been horded by the wealthy and the corporations as they wait for what comes next.
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it's like an intellectual samurai duel. your honor vs. my honor and penny... laffer made a losing bet on that one and MUST PERFORM HARA KIRI which is probably why he isn't around to take back his future projections about the economy
Um....all he did was say that bad things would happen in the future and sat on it.
Name me a _positive_ prediction Peter Schiff has made. Just humor me. Find me _one_.
Or at least weave me an amusing tale about how nothing good can ever happen because of the Fed's Satanic Rothschild Jew Evil and the NWO/Illuminati Reptilians.
@Eldeecue "Bad things"? He was pretty specific when mentioning that we'd be experiencing a recession... he pointed out that we'd be expecting a "housing bubble" his exact word... he was even on point with respect to the years (he predicted 07-08). If that isn't impressive economic forecasting, then I really don't know what is.
I won't even justify the rest of your rant-like comment with an answer -- as It holds no relevance to my original comment...
@logan0178 Peter is the CEO of a relatively small investment firm... so how do you figure he was responsible for the financial crisis? You don't even bother to elaborate... He wasn't in charge of the rating agencies giving AAA ratings to sub prime mortgages, he wasn't in charge or even a part of any of the large, too big to fail predatory lending investing firms like GSachs. He wasn't a home buyer who borrowed what couldn't be lent back.. wasn't an insurance company... again, can you elaborate?
@logan0178 Clearly you're the fucking retard. How naive of you to go ahead an generalize all investment brokers. I'm asking you to elaborate on how Peter specifically was even partially responsible for the crisis we witnessed in '08. All you do is point out the obvious of him being the CEO of an investment firm - yet you fail to mention anything he's done to take part in the crumbling of our economy. There are tons of investment brokerage firms out there - not all are responsible for this mess.
@logan0178 Now you're just dancing around the confrontation... real fucking cute. Again, it's pretty evident that you have nothing to back up your overwhelmingly unwarranted and, quite frankly, entirely stupid prior claims. You can sit here and attempt to throw petty insults at me -- but the fact remains that you still haven't (and probably are incapable of) pointing out how, in any way shape or form, that Schiff was even remotely responsible for the crisis. Stop dancing around the question.
@logan0178 Look up his views on monetary policy and his views on the fed. He is against the very things that causes this boom and bust economy. Go and actually learn about the fed and how our countries monetary system is run. You are against the very same things he is, only he actually knows the cause and you just want to throw money at the issue which is just throwing fuel on the fire.
If I did not listen to Peter Schiff's Mortgage Bankers Speech back in 2006 and I listened to these clowns in main stream media and Washington... I would be homeless and not have a roof over my head today.
what a news....ppff that was tottaly from a never see it comming corner....i
if the folkd on the selfego hill have a nother not this system agenda ....dont wait for the selution ringess on the door...because we know the system is hyject waiting from the same guys for selution?? a real selution in the sinkhole ...as the only 1
we have to think alternatives...or we wait and at the end the drasic sLafe making...things is the right thing for a cociety tha can not think anymore??
Art Laffer, why does anyone even listen to this guy anymore? EVERYTHING he predicted on this show was 100% wrong. On the other hand, EVERYTHING Peter Schiff said was 100% correct The only reason interest rates have not risen more is because the Fed has forced them to zero and even injected hundreds of billions of free money into T-bills. Even Peter could not have predicted how willing the Fed would be to destroy the U.S. dollar just to keep their Ponzi scheme afloat for a few more months.
This guy Laffer is a laughing joke, is he just incompetent or was he trying to cover his Wall St. mates? Want to see what a laughing joke is? Just look at his dorky smile at 4:39
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I would LOVE to hear what Laffer has to say about this now, after our "Great Recession." Pleeeeeeeeeeeease, if anyone has video of this idiot trying to backtrack on what he said, I will love you forever
Peter Schiff rules! Savings, which allow for investment and production, mean a healthy economy. Debt and consumption is poverty while savings and production is wealth. Savings and production allow for consumption.
With each day that passes, Art Laffer looks more and more ridiculous in this video. Much like sports fans look at an aging coach and say "the game has passed him by", it's time for Art Laffer to retire into the sunset. He simply doesn't have it anymore. Thank you Peter Schiff for being such a courageous Patriot !!
Schiff speaks of the "artificially low interest rates which are quickly going to be a thing of the past". His crystal ball has been cloudy on that one, hasn't it. Interest rates are always set artificially, always. Laffer is totally wrong about the taxes. Income tax cuts are always grabbed by the boss - it's seen as a rise. That's why income taxes are considered to be a factor in the competitiveness of labour.
Schiff was no prophet. Many on the Left predicted this though their argument was that as wages have flatlined for most people, as productivity growth has been all grabbed by the super-rich, that the consumption driving the economy increasingly became covered by private debt, an unsustainable course. The problem is that the super rich have grabbed all the productivity growth. Schiff speaks of production - production is driven by demand which he wants to reduce? That's totally illogical.
@lordhighexecutioner He must be talking about production driven by foreign demand. Balancing the U.S. foreign trade is obviously a priority for him, which makes some sense. Increasing exports is probably the soundest way to increase real wealth, while increasing savings, even though it can have a negative impact on consumption, increases the capital available for private investment and job creation. And the good news is that capital will not have to be repaid to foreign creditors.
@lordhighexecutioner Only savings allow for investment which leads to the production of new, innovative products. We always have a desire to consume new ipads, medical treatments, etc. Saving is merely withdrawing from present consumption to engage in future consumption of goods that are produced because of the investment of savings. Savings and production allow for consumption. Only through savings can investment be made to provide goods for consumption in the future.
what is so incredible is that the average person walking on the street has no clue who peter is or the implications of what he said...our government is intentionally leading us into an economic meltdown...shame on us for not rioting and reclaiming our country
@Joelzinho He is the inventor of voodoo economics, the one whose picture on a napkin began the whole "lowering taxes increase revenue" racket adopted by Ronald Reagan and George W. Bush and Paul Ryan and the Republicans of today.
He got that right! Doesn't look like the 'global free market' aka 'let the corporations do whatever they like' worked out that well. Ironic: now even the public sector is busy implementing 'free market' mechanisms! The guys in charge are supposed to be intelligent ie they can use observations to make rational decisions. Maybe not so clever?
if they are making payments on their car. They say yes. I see. So I then ask are they paying a mortage. They say yes. I see. YOU DON'T OWN SHIT. NOT A FUCKIN THING. The banks own your asses dumb asses. WAAAAAAAKE UUUUUUUPPPPPPP. Damn their are some dumb ass people here.
I'm elated we are in this recession and I HOPE it carries on because us spoiled ass Americans borrows tooooo much fuckin paper money. If you don't have the actually american green dollars in your fuckin pocket. DON'T BUY A FUCKIN THING. When I purchased my $8,000 car, I payed cash. When I purchased a $12,000 car, I again payed cash. I worked an average 65 hours a week. So what. At least the stuff is mine. That's the other funny part when I hear people say I own this or that. Then I ask
If you enjoyed this then google: Ron Paul Freddie and Fannie.
Dr Paul and Schiff are near identical in their theory and economic background, only Paul gave essentially the same argument on the floor of the House in 2003 when the bubble was in its infancy.
@bccnum8 ...The women working thing she is using is based upon her own personal feelings not about the fact that Sciff was trying to make in that most families in today's economy do need two working people ... guys in today's economy would have issues trying to stay home but also that comes down to people not knowing how to save and spend and cut the amount they are spending on none essentials... so they can live within their true means. Eventually people will have to relearn how to live simply.
Laffer investments ... i would assume is now defunct. Art Laffer was just protecting his turf and you can't blame him for that . Too bad he sounds and acts like a fool doing it.
Laffer pwned Schiff. Laffer didn't anticipate the Fed letting NGDP fall so far, so fast. Schiff got lucky, having way overstated the importance of debt and the housing market.
@SchiffNemesis Mate, I swear to god Laffer just sits there and smiles. The shit that spews from his mouth isn't worth the penny that he owes Schiff. He sounds friendly therefore people just assume he knows stuff. Unless there's some sort of cyber sarcasm I'm missing in your post, I disagree.
@SchiffNemesis lol..are you serious? Schiff didn't predict anything, he simply knew based on FEDs behavior and on the behavior of the markets and consumers. If you study the right economics you know what is going to happen, you don't need to predict anything. He didn't overstate the importance of the housing market. He stated the obvious. Thanks to the government's absurd policies the housing boom became the fuel for economic growth and its collapse.
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I'd LAUGH my ass off if it wasn't so sad, Art LAUGHER you dumb ass. And that elitist bitch host completely missed the friggin' point. Hey Art, you still owe Peter that penny but with inflation that would be a million fiat dollars.
when he said women have jobs because they love it because of low taxes, with that bottom feeder, coward voice, these people live in a fish bowl they dont know a life out of the rich manicure mansion fine wine life, with bunch fed bullshit stats to brainwash the idiots like this fellow bellow, the worst wasnt even touch the surface because ppl dont understand that usa has 15 trillion in debt and a debt black hole called derivatives everybody is getting out of the dollar, but joe the plumber
when he said women have jobs because they love it because of low taxes, its great with that bottom feeder coward voice, these people live in a fish bowl they dont know a life out of the rich manicure mansion fine wine life bunch fed bullshit stats to brainwash the idiots like this fellow bellow, the worst wasnty even touch the surface because oppl dont understand that usa was 15 trillion in debt and a debt black hole called derivatives everybody is getting out of the dollar, but joe the plumber
u listen to this and then u wrote the same crap that these idiots said... what is wrong is you... or ppl like you, that dont have brains to understand the problem, the problem is, your debt nr 1, your industry nr 2. then ur wars and your mob in power banks and the war industry is the gov in the usa, thereas no democracy or ppl imn power in the usa, usa servs other peoples ionterests specially jewish ones, americans are slaves, wish they could be, but theres no jobs, where not anybetter then you
What is wrong with fearmongers. The US economy is recovering. Business are begining to hire again and foreclosure have stop and people are buying again.
The only bad news is the price of oil because its spectators greed. Greed is the only motivating force that could destroy US economy.
WTF. Whether women like to work or not is not the point. Nobody can make it on a single income anymore, at least not like they used to. I'm so tired of this pc crap.
Our economy will collapse! Be debt free! If anyone here wants a job or to make passive income in this crummy economy , I know of a new job with high prospect in the U.S.A and Australia you may be interested in. It can resist the recession for the time being before our dollar dies completely.I am scouting for potentials. Let me know if your are interested and I'll assist you. Im respecting company policy so if you want to know more, you have to let me know and I'll send you some info.
I've been listening to blowhards like Laffer since the 80's. They we're wrong then and they're wrong now. That's what happens when you get you're fundamentals wrong. Don't worry. Keep missing the point. We haven't hit bottom yet. And this is going to HURT.
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I wonder if Peter ever actually got his penny? Nope, doubt it... just more grief from different analysts saying he doesn't know what he's talking about when he says our currency is going to collapse.
iambilly1984 1 day ago
Our buddy Art is endorsing Newt Gingrich...
perezcpt 1 day ago
I think schiff is a lot more effective here than in more recent features. he remains calm and makes short, precise points that the average schmuck can easily grasp,
mrpetermjohnston 1 week ago
It's interesting how Laffer looks so much like an evil goblin and Schiff looks like an honest campaigner for truth and justice.
Hollywood - make this a movie!
whotookmyusername 1 week ago
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emptybei 2 weeks ago
Laffer has been wrong so many times. Why is he still on TV?
friendlier 3 weeks ago
Art Laffer Says Oil Will Fall Below $35 Per Barrel Jan 15 2007
clintonspx1200 3 weeks ago
I bet Laffer's goofy grin looks more like his curve now.
awholtzapple 4 weeks ago
Ron Paul peter schiff 2012!
trueconservatie33 1 month ago
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is that a vampire
rtask 1 month ago
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RapsAlive 1 month ago
He owes Schiff a penny.
adda241 1 month ago 4
I love how Kudlow defends Laffer (who was historically wrong and has even admitted it) by pushing the Feminist agenda (which was started by the same banks who Laffer defends).
bigneiltoo 1 month ago
Peter Schiff endorses Ron Paul, another man who predicted the housing bubble and wrote a bill to help prevent it. Obviously no one listened to him.
gregor5434 1 month ago
I wish the ratio was 1 out of 3 globally... but it is more like 1 out of a few Billion... OMG, that interview was "??loss of words??" ... Anyway safest bet EVER.
elliotflorian 1 month ago
Peter was right about the women thing. Bitch was probably just a feminist cunt. Women have always been the back bone and heart of the the family structure while men have always been the mussel and brains. Both are extremely important roles. The 21st century has fucked everything up. Get off the internet. GO OUTSIDE. WE WEREN'T FUCKING READY FOR THIS TECHNOLOGY! WE'RE HUMANS! WE HAVE ABUSED AND PERVERTED IT ALL! IT'S WHAT WE DO!
ninjachimps 2 months ago
@7:57 says it all XD
RonpaulFTMFW 2 months ago
Arthur should watch Zeitgeist.
sinojtjej 2 months ago
"I'll bet you a LOT more than a penny."
jhl247nyc 2 months ago
There are a few politicians aswell who predicted the recession in 1999 when the dreadful financial services act of 1999 was passed by the evil republican congress and democrat president Clinton . They are saying December is when a economic collapse will take place.
jjason23296 3 months ago
Laugh-er should resign from his profession out of shame.
qtutoringhelps 3 months ago
its kind of hard for art laffer to bet some thing he doesn't have, for the retards out there laffer has no honor.
tsharpmac420 3 months ago
Laffer should have lost his job. YTo many asshats in the world and he is one, as is Ben Stein. The wealth has now been horded by the wealthy and the corporations as they wait for what comes next.
Arbatious 3 months ago
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masrinternational 3 months ago
it's like an intellectual samurai duel. your honor vs. my honor and penny... laffer made a losing bet on that one and MUST PERFORM HARA KIRI which is probably why he isn't around to take back his future projections about the economy
ThaigerDon 3 months ago
Laffer laid the ground work for this with his well named laugher curve. Any body with a brain knew it made no sense.
fac314pt5 3 months ago
It's scary how absolutely right Peter was and how absolutely wrong Aurthur was.
SevenFootPelican 3 months ago 22
@SevenFootPelican
Um....all he did was say that bad things would happen in the future and sat on it.
Name me a _positive_ prediction Peter Schiff has made. Just humor me. Find me _one_.
Or at least weave me an amusing tale about how nothing good can ever happen because of the Fed's Satanic Rothschild Jew Evil and the NWO/Illuminati Reptilians.
Whichever you prefer.
Eldeecue 3 months ago
@Eldeecue "Bad things"? He was pretty specific when mentioning that we'd be experiencing a recession... he pointed out that we'd be expecting a "housing bubble" his exact word... he was even on point with respect to the years (he predicted 07-08). If that isn't impressive economic forecasting, then I really don't know what is.
I won't even justify the rest of your rant-like comment with an answer -- as It holds no relevance to my original comment...
SevenFootPelican 3 months ago
@SevenFootPelican It's right because he is one of the scumbags that caused it.
Obviously you can predict something with great accuracy if you are the one that CAUSED IT in the first place.
logan0178 2 weeks ago
@logan0178 Peter is the CEO of a relatively small investment firm... so how do you figure he was responsible for the financial crisis? You don't even bother to elaborate... He wasn't in charge of the rating agencies giving AAA ratings to sub prime mortgages, he wasn't in charge or even a part of any of the large, too big to fail predatory lending investing firms like GSachs. He wasn't a home buyer who borrowed what couldn't be lent back.. wasn't an insurance company... again, can you elaborate?
SevenFootPelican 2 weeks ago
@SevenFootPelican Are you seriously that moronic? He's an investment broker, and the CEO of Euro Pacific Capital.
No one said he was the SOLE cause of the meltdown you retard. He is certainly one of the many responsible.
logan0178 2 weeks ago
@logan0178 Clearly you're the fucking retard. How naive of you to go ahead an generalize all investment brokers. I'm asking you to elaborate on how Peter specifically was even partially responsible for the crisis we witnessed in '08. All you do is point out the obvious of him being the CEO of an investment firm - yet you fail to mention anything he's done to take part in the crumbling of our economy. There are tons of investment brokerage firms out there - not all are responsible for this mess.
SevenFootPelican 1 week ago
@SevenFootPelican You prove me right with your infantile retort. You know nothing of what you are trying (and failing) to talk about.
logan0178 1 week ago
@logan0178 Now you're just dancing around the confrontation... real fucking cute. Again, it's pretty evident that you have nothing to back up your overwhelmingly unwarranted and, quite frankly, entirely stupid prior claims. You can sit here and attempt to throw petty insults at me -- but the fact remains that you still haven't (and probably are incapable of) pointing out how, in any way shape or form, that Schiff was even remotely responsible for the crisis. Stop dancing around the question.
SevenFootPelican 1 week ago
@logan0178 Look up his views on monetary policy and his views on the fed. He is against the very things that causes this boom and bust economy. Go and actually learn about the fed and how our countries monetary system is run. You are against the very same things he is, only he actually knows the cause and you just want to throw money at the issue which is just throwing fuel on the fire.
TheScyy 1 week ago
Freer trade than ever before?? Laffer is so far from reality it's pretty astounding.
Jotto999 3 months ago
someone should email this video to art laffer.
oriasj 4 months ago
LOL @ Laffer
wardydave 4 months ago
Laffer is one of those economists that says "unexpectedly" which each new news on the economy methinks
wildcatjdh 4 months ago
Art.... you fuck!
toastm4n 4 months ago
What I want to know, is how Art can still be in a job after making this howler of a prediction.
LeJimster 4 months ago
LAFFER.. Pride doth come before the fall
LeJimster 4 months ago
the woman really missed the point of having a child and having to work. Being a food server is harder then being a talking head
joeldewitt 4 months ago 2
If I did not listen to Peter Schiff's Mortgage Bankers Speech back in 2006 and I listened to these clowns in main stream media and Washington... I would be homeless and not have a roof over my head today.
NYyankeeboi 4 months ago
They almost bet on air.
capgains 4 months ago
Listen to Maria pounce on the opportunity to turn this into a PC argument regarding women! she is pathetic!
MojaveGreenXXX 4 months ago 3
@MojaveGreenXXX Yeah she is ridiculous. Off base and ridiculous
RNTcomeback 4 months ago
we helping the 1 by obiant behaviour and we are on the mean event menu that is written in georgia.maybe it is only our lifes that are on the line....
dennisjo88 4 months ago
what a news....ppff that was tottaly from a never see it comming corner....i
if the folkd on the selfego hill have a nother not this system agenda ....dont wait for the selution ringess on the door...because we know the system is hyject waiting from the same guys for selution?? a real selution in the sinkhole ...as the only 1
we have to think alternatives...or we wait and at the end the drasic sLafe making...things is the right thing for a cociety tha can not think anymore??
dennisjo88 4 months ago
Peter is a seer and a genius. I wish I had heard him before. Laffer is a joke.
nerih 5 months ago
HEY LAFFER PAY UP!!!
GusBariga 5 months ago
Ron Paul 2012
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1XMarksSpot 5 months ago
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1XMarksSpot 5 months ago
Art Laffer hahahahahahahahahahaha, I'd love to hear from his ridiculous arse!!!!
beallendall08 6 months ago
That punk probly neer payed him.
dicemanace 6 months ago
Henry Kissinger said, "Military men are dumb, stupid animals to be used as pawns for foreign policy."
singledad1234 6 months ago
Schiff and the economy are like chess and Kasparov he is thinking 25 moves in front :)
secretarul 6 months ago
Art Laffer, why does anyone even listen to this guy anymore? EVERYTHING he predicted on this show was 100% wrong. On the other hand, EVERYTHING Peter Schiff said was 100% correct The only reason interest rates have not risen more is because the Fed has forced them to zero and even injected hundreds of billions of free money into T-bills. Even Peter could not have predicted how willing the Fed would be to destroy the U.S. dollar just to keep their Ponzi scheme afloat for a few more months.
spacehabitats 6 months ago
This guy Laffer is a laughing joke, is he just incompetent or was he trying to cover his Wall St. mates? Want to see what a laughing joke is? Just look at his dorky smile at 4:39
angelmtza 6 months ago
Art Laffer: Supply-Side Advocacy at its best. "Hey, there's nothing out there to indicate a recession is coming--MY wallet is fine!"
GeorgiaKev 6 months ago
2005 was a nasty year $780,000 for a house
sha370z 6 months ago
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theleemeister 6 months ago
Laffer wow
Charlesperalo 6 months ago
I would LOVE to hear what Laffer has to say about this now, after our "Great Recession." Pleeeeeeeeeeeease, if anyone has video of this idiot trying to backtrack on what he said, I will love you forever
mynameisdaisyduke 6 months ago
Peter Schiff rules! Savings, which allow for investment and production, mean a healthy economy. Debt and consumption is poverty while savings and production is wealth. Savings and production allow for consumption.
SirTenenbaum 6 months ago
With each day that passes, Art Laffer looks more and more ridiculous in this video. Much like sports fans look at an aging coach and say "the game has passed him by", it's time for Art Laffer to retire into the sunset. He simply doesn't have it anymore. Thank you Peter Schiff for being such a courageous Patriot !!
tgaleza 6 months ago
I usually like Art Laffer and I also always like what Peter Schiff has to say. Wow Art, Wow you were wrong on this one
fattydomels 6 months ago
@fattydomels Schiff was wrong, too--"I think it's going to be pretty bad"...... PRETTY bad? It's been HORRENDOUS!
GeorgiaKev 6 months ago
Sorry Art. Looks like Peter has been proven right looking back from June 2011
usactionnewsdotcom 7 months ago
Mike Whitney had an article out predicting the "economic tsunami" in April 2005. So much for the great Peter Schiff.
lordhighexecutioner 7 months ago
Schiff speaks of the "artificially low interest rates which are quickly going to be a thing of the past". His crystal ball has been cloudy on that one, hasn't it. Interest rates are always set artificially, always. Laffer is totally wrong about the taxes. Income tax cuts are always grabbed by the boss - it's seen as a rise. That's why income taxes are considered to be a factor in the competitiveness of labour.
lordhighexecutioner 7 months ago
Schiff was no prophet. Many on the Left predicted this though their argument was that as wages have flatlined for most people, as productivity growth has been all grabbed by the super-rich, that the consumption driving the economy increasingly became covered by private debt, an unsustainable course. The problem is that the super rich have grabbed all the productivity growth. Schiff speaks of production - production is driven by demand which he wants to reduce? That's totally illogical.
lordhighexecutioner 7 months ago
@lordhighexecutioner He must be talking about production driven by foreign demand. Balancing the U.S. foreign trade is obviously a priority for him, which makes some sense. Increasing exports is probably the soundest way to increase real wealth, while increasing savings, even though it can have a negative impact on consumption, increases the capital available for private investment and job creation. And the good news is that capital will not have to be repaid to foreign creditors.
Ni7rogenius 6 months ago
@lordhighexecutioner Only savings allow for investment which leads to the production of new, innovative products. We always have a desire to consume new ipads, medical treatments, etc. Saving is merely withdrawing from present consumption to engage in future consumption of goods that are produced because of the investment of savings. Savings and production allow for consumption. Only through savings can investment be made to provide goods for consumption in the future.
SirTenenbaum 6 months ago 8
"All the Dollar is going to be worth is a penny." LOL, that is hilarious! Thanks to Peter soon, I will be out of my U.S. currency.
edwardwills 7 months ago
DR. LAUGH-ER....yea you are a laugher. I kinda like trickle down but, man, you must be a Bush big spender blueblood. Time to retire......doctor.
maxred222 7 months ago
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Art Laffer & sarah Palin in 2012?
450984 7 months ago
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@alphakraker rioting will not help anyone. Live with more freedom by getting out of shitty currencies.
optionism 7 months ago
what is so incredible is that the average person walking on the street has no clue who peter is or the implications of what he said...our government is intentionally leading us into an economic meltdown...shame on us for not rioting and reclaiming our country
alphakraker 7 months ago
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optionism 7 months ago
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optionism 7 months ago
Peter,I love watching the sheep slowly being slaughtered in front of my eyes
thesiciliannyc 7 months ago
2 years later dude prlly said " danm he was right now I owe him a penny -_-"
jahskl10 7 months ago
Whats the other schmucks name. I want to send him an email with this video attached..lol
Joelzinho 8 months ago
@Joelzinho He is the inventor of voodoo economics, the one whose picture on a napkin began the whole "lowering taxes increase revenue" racket adopted by Ronald Reagan and George W. Bush and Paul Ryan and the Republicans of today.
lordhighexecutioner 7 months ago
Woo, this is so cool seeing Peter predicting the 2008 collapse! Gives him a lot of credibility this time around :)
CrazyEurazion 8 months ago
This video is useful.
jonathondixon859 8 months ago
I like this video.
jasperwillis5385 8 months ago
Good video.
claircote4416 8 months ago
I guess Schiff 'laffed' last.
UponInfinity 8 months ago
Wow unbelievable.
saijai587 8 months ago
Peter Schiff is great.
kopi5896 8 months ago
Thank you for sharing.
minami935 8 months ago
He got that right! Doesn't look like the 'global free market' aka 'let the corporations do whatever they like' worked out that well. Ironic: now even the public sector is busy implementing 'free market' mechanisms! The guys in charge are supposed to be intelligent ie they can use observations to make rational decisions. Maybe not so clever?
nowthatsinteresting1 8 months ago
if they are making payments on their car. They say yes. I see. So I then ask are they paying a mortage. They say yes. I see. YOU DON'T OWN SHIT. NOT A FUCKIN THING. The banks own your asses dumb asses. WAAAAAAAKE UUUUUUUPPPPPPP. Damn their are some dumb ass people here.
WilliamHCarney 8 months ago
I'm elated we are in this recession and I HOPE it carries on because us spoiled ass Americans borrows tooooo much fuckin paper money. If you don't have the actually american green dollars in your fuckin pocket. DON'T BUY A FUCKIN THING. When I purchased my $8,000 car, I payed cash. When I purchased a $12,000 car, I again payed cash. I worked an average 65 hours a week. So what. At least the stuff is mine. That's the other funny part when I hear people say I own this or that. Then I ask
WilliamHCarney 8 months ago
all the dollar is going to be worth is a penny... ah fuck
baihbalm 8 months ago
If you enjoyed this then google: Ron Paul Freddie and Fannie.
Dr Paul and Schiff are near identical in their theory and economic background, only Paul gave essentially the same argument on the floor of the House in 2003 when the bubble was in its infancy.
justonemori 8 months ago
i guess he owes peter schiff a penny
bccnum8 8 months ago
@bccnum8 ...The women working thing she is using is based upon her own personal feelings not about the fact that Sciff was trying to make in that most families in today's economy do need two working people ... guys in today's economy would have issues trying to stay home but also that comes down to people not knowing how to save and spend and cut the amount they are spending on none essentials... so they can live within their true means. Eventually people will have to relearn how to live simply.
adoravenus3 8 months ago
@bccnum8 too bad he's not man enough to pay up.
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shadough4747 9 months ago
"all the dollar is going to be worth is a penny." Get rocked laffer
amomentwithagoon 9 months ago
Ugh! I can't stand when people laugh at those who were dead on only using common sense to make their observations. Cunts.
deanasaurs 9 months ago
Schiff in a "laffer" over the blind competition
satown54 9 months ago
Nice snipe at the end "all the dollar is going to be worth is a penny".
tothemax01 9 months ago
Laffer investments ... i would assume is now defunct. Art Laffer was just protecting his turf and you can't blame him for that . Too bad he sounds and acts like a fool doing it.
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YESSENIAREIMANNuh 9 months ago
Art nowadays is bad enough without this guy soiling all over the place with such bullshit.
coit105 9 months ago
Laffer pwned Schiff. Laffer didn't anticipate the Fed letting NGDP fall so far, so fast. Schiff got lucky, having way overstated the importance of debt and the housing market.
SchiffNemesis 9 months ago
@SchiffNemesis Mate, I swear to god Laffer just sits there and smiles. The shit that spews from his mouth isn't worth the penny that he owes Schiff. He sounds friendly therefore people just assume he knows stuff. Unless there's some sort of cyber sarcasm I'm missing in your post, I disagree.
coit105 9 months ago
@coit105
Are you rich?
SchiffNemesis 9 months ago
@SchiffNemesis Not particularly why?
coit105 9 months ago
@coit105
Exactly
SchiffNemesis 9 months ago
@SchiffNemesis Wow, someone could shit in your face and you would call it pudding.
michaelsterling37 7 months ago
@SchiffNemesis lol..are you serious? Schiff didn't predict anything, he simply knew based on FEDs behavior and on the behavior of the markets and consumers. If you study the right economics you know what is going to happen, you don't need to predict anything. He didn't overstate the importance of the housing market. He stated the obvious. Thanks to the government's absurd policies the housing boom became the fuel for economic growth and its collapse.
plodej 6 months ago
Peterrrrr is the best!!!>.....
virji1988 9 months ago
Arthur Laffer sounds like a WW2 axis era Propaganda Minister, and here we are 2011, and he was dead wrong.
c00per69 10 months ago
The war in Libya is a distraction
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eliasmouawad 10 months ago
Art Laffer is a fool.
logwind 10 months ago
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scillowillow 10 months ago
Dumb economist Art Laffer! And I bet if that bitch didn't have a good career with a six figure salary she would have been a Gold Digger!
85gevork 10 months ago
LAFFER is the typical economist idiot. Schiff is an honest man,
not just smart.
frankzakzak 10 months ago 18
I love peter .... Hes a master in Economics... He should run for congress!
elvin20ny 10 months ago 2
"I'll bet you a lot more than a penny" - LOL
CNBC = Constant Nonsense And Buffoonery
What would happen if Obama could be as honest as Schiff was here?
farmboycarl 10 months ago
I'd LAUGH my ass off if it wasn't so sad, Art LAUGHER you dumb ass. And that elitist bitch host completely missed the friggin' point. Hey Art, you still owe Peter that penny but with inflation that would be a million fiat dollars.
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EzioAuditore999 10 months ago
a -itch and a fool...got schooled
p1b1harper 10 months ago
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when he said women have jobs because they love it because of low taxes, with that bottom feeder, coward voice, these people live in a fish bowl they dont know a life out of the rich manicure mansion fine wine life, with bunch fed bullshit stats to brainwash the idiots like this fellow bellow, the worst wasnt even touch the surface because ppl dont understand that usa has 15 trillion in debt and a debt black hole called derivatives everybody is getting out of the dollar, but joe the plumber
badsign1980 10 months ago
when he said women have jobs because they love it because of low taxes, its great with that bottom feeder coward voice, these people live in a fish bowl they dont know a life out of the rich manicure mansion fine wine life bunch fed bullshit stats to brainwash the idiots like this fellow bellow, the worst wasnty even touch the surface because oppl dont understand that usa was 15 trillion in debt and a debt black hole called derivatives everybody is getting out of the dollar, but joe the plumber
badsign1980 10 months ago
u listen to this and then u wrote the same crap that these idiots said... what is wrong is you... or ppl like you, that dont have brains to understand the problem, the problem is, your debt nr 1, your industry nr 2. then ur wars and your mob in power banks and the war industry is the gov in the usa, thereas no democracy or ppl imn power in the usa, usa servs other peoples ionterests specially jewish ones, americans are slaves, wish they could be, but theres no jobs, where not anybetter then you
badsign1980 10 months ago
What is wrong with fearmongers. The US economy is recovering. Business are begining to hire again and foreclosure have stop and people are buying again.
The only bad news is the price of oil because its spectators greed. Greed is the only motivating force that could destroy US economy.
TheIxtlan 10 months ago
@TheIxtlan who told you that?...laffer...?...
p1b1harper 10 months ago
@TheIxtlan The recovery is going now for the same reason it was in the 2000s. Printing money
gaguy1967 10 months ago
dont laffer feel stupid
TyashleyModels 10 months ago
Laffer and that woman would should be ashamed for making a joke out of this very serious issue.
Aasinp 10 months ago
WTF. Whether women like to work or not is not the point. Nobody can make it on a single income anymore, at least not like they used to. I'm so tired of this pc crap.
bootyraider 11 months ago
notice which side liberal CNBC takes
FloridaRaider 11 months ago
@FloridaRaider Which side? Are you referring to the side of the conservative or the side of the other conservative?
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thenetworkbrokerage 11 months ago
Looks like Art is riding the short the bus because he got schooled by Peter Schiff and Austrian School of Economics.
TheTeam4 11 months ago
Lets like Art is riding on the short bus because he got schooled by Peter Schiff.
TheTeam4 11 months ago
I've been listening to blowhards like Laffer since the 80's. They we're wrong then and they're wrong now. That's what happens when you get you're fundamentals wrong. Don't worry. Keep missing the point. We haven't hit bottom yet. And this is going to HURT.
professorkia 11 months ago
Peter 1-0 Laffer
smartzazi 11 months ago
the good ol' days..
smartzazi 11 months ago
and peter when he finaly pay you the penny, turn into a PROFITABLE INCOME PLUS.
tk291100 11 months ago
and after all this years he still DINT PAY THE DAMN PENNY. swallow your pride and PAY THE DAMN BET
tk291100 11 months ago
I'll bet you a lot more than a penny, lol
zedt01 11 months ago
Peter schiff is the man!
mastaPh 11 months ago
This is what I love about YT! The fools can be humilated time and time again! hehhe
dobberdoss 11 months ago
Where's Art now? working at Mc D's? hehe
dobberdoss 11 months ago
Many of us predicted these events. I also in 2006 but I'm a nobody so who cares?
dobberdoss 11 months ago
Whos laffin now
hgrew154 11 months ago 26
holy shit good job i wish i seen this 5 tears ago i would of waited to buy a house! maybe that's why the public was not warned
TheHabit00 1 year ago
laffer...what a laugh
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westmidsgold 1 year ago
$100 to anybody that'll knock that mouthy sombeach out.
MrDshealy 1 year ago
Mr. Schiff may be another important figure next to Einstein, Moses and Jesus.
ltmikepowell 1 year ago
@ltmikepowell Well, three of them are Jewish.
ltmikepowell 1 year ago
that laffer guy is such a douche ...
hmt227 1 year ago
stop bitchin,start!spread organic heirloom food seed far and wide, its called"johnny appleseed economics"or"gorrila gardens",spread more organic food. wake up everyone,do your part!IF YOU ARE angry,get seed and make a organic revolution your way.SPREAD THE ORGANIC SEED EVERYWHERE TELL OTHERS! INCREASE THE FOOD SUPPLY RIGHT NOW WHILE WE GOT TIME!! GROW VERTICAL GARDENS IF YOU DONT HAVE THE SPACE! START NOW!SOLAR ENERGY,HAM RADIO,WATER!
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boxa888 1 year ago
Where's your Joker Nicholson grin now Mr. Laffer? : )
shaider77 1 year ago
You are a Big Loser Art Laffer. Your penny now is not worth much now. Go and say sorry to Peter and be a good listener when he speak.
peterich2005 1 year ago
Art is a plain dumb ass. i award you no points and may god have mercy on your soul
cetnik03 1 year ago
He even called the housing bubble.
Graham6762 1 year ago
That Art sounds like a fool now - just an incredible fool.
duinay2 1 year ago 22
@duinay2
I don't like Laffer, but he knows far more about economics than Schiff.
SchiffNemesis 9 months ago
@SchiffNemesis Yea, he knows alot, give me a fucking break.
michaelsterling37 7 months ago
@SchiffNemesis hahahah does he now?..what a joke!
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EFRose 1 year ago