The Ames, Iowa Straw poll is scheduled to take place on August 13, 2011. Because of this, it is imperative to catapult Ron Paul to victory in the straw poll. On July 19, 2011, we will hold an online money bomb in support of Ron Paul for President 2012, with the goal to win the Ames, Iowa straw poll.
Please invite all your friends and help Ron Paul end our costly military involvements overseas, shrink the size of our government and restore the republic
You want in the last scam before the chip? Yep.. It's give me all your money for the worthless gold. You'll be begging to work in a china slave shop for two bowls of rice a day. The philosphical question is? Do you deserve it? You know how greedy you are and would be if allowed.
and i totally agree with rrdrums 110 it is infact a scam running in the background and not only will everyone get ripped off but also a one world government will also appear not far off in the very near future after words!
the use of the new North Amercan Union money "The Amero" not unlike the EU's "Euro" will probably be in full use in Canada-America-and all of Mexico by 2011 or sooner and The US Dollar is going to completely collapse by 2012 or sooner !
Doesn't matter. Gold will be confiscated after you spend all your paper for it anyway. It's just another scam to get the last bit of everything out of you.
ImO it's not going to be about currency at that point. It will be "the chip" implanted just as REvelation teaches. The mark of the beast. No one can buy or sell w/out it. It makes for gps and easy accounting and insures a fiat currency and control of the masses. It's a no middleman setup. Straight to the masters. A simple credit /debit system. The body is the collateral for labor. Won't need gold for anything except circuit board
Let's assume we're on the same page by understanding that the"owners" are purposely destroying economy to set up "solution" for the masses. They are really good at this game. But they have forgot to consider gold? They would let the average slob have a way out when they personally own all the gold on the planet anyway?Does that sound like a detail they would miss?No. we have been funneled by fear again to give up last bit of green for gold but they will take it away by legal force in the end.
I love how Peter schiff predicts that the dollar soon will be as valuable as green toilet paper. Then he tells you that somebody will trade you inflation proof gold for your shitty green toilet paper. I think i smell some shitty doublespeak here.I think that this might be shitty advice otherwise who would trade shiny gold for shitty green dollars?
Silver is the way to go! Buy 90% U.S. Silver coins.... Its a good investment, and can be easily spent when the time is needed... For instance, 1 silver dime = 1 loaf of bread. Instead of a large silver bar.
I'd like to know who's going to be accepting gold and silver coins in exchange for commodities? You can't exactly walk into Stop and Shop and buy food with gold bullion.
Stop and Shop isn't selling food for gold and silver today. But coin stores are exchanging gold and silver for dollars today, and the demand for those coins will always exist, even more so when the dollar loses value, compared to them.
The US dollar isn't worthless, today.
The stock market isn't in the toilet, today.
Etcetera.
But investment is all about predicting what will be valuable in the future, years from now. Real investors think about the future, not what's happening today.
Stores won't accept gold or silver? Of course they will... They accept 'silver' now. IF the paper dollar becomes worthless, then they WILL accept gold. They'll prefer it. It will be paper and plastic that won' t be accepted.
Why does our own Country Government and Treasury careless about Inflation than lets say China? its aparent to me that if we inflate or devalue our currency the debts we owe are thus reduced by X-factor.. China hates our Politics and are aiming and looking for a more stable currency even their own Yuan. Why? Our govt. does have smart peeps incharge.. The negative about doing so it will destroy the Middle class.. but sense when do our politicians care about its people?
buy commodities for sure, everyone knows that, including oil servicers, you will see interest rates start going up by january 2010 and you will see Gold drop
to $660, it will happen overnight and will be quick,
just like Oil in the autumn of 2008, Volker is going to do what they did in 1981 break inflation which is expected early next year, they will not make the same mistake they did in 2002 when they should have raised interest rates -
also he was not the first to call out doom of 2008, its his buddies at lehman, bears, that created those toxic assets which his firm invested in, good for him-
when he gives up his exclusive rights to broker Perth Mint products , then i will listen to his rant!!
are you serious, comparing the 1920's to the 1930, he needs to read this history book again, the laws that were passed in the 1933 were not present in the 1920
that helped stabilize the banking system, it was not the perfect solution but it worked,
Peter Schiff is awesome and I'm glad he is so outspoken. Gerald Celente, Jim Rogers, Ron Paul, and Elaine Supkis are all saying the same thing. People won't be able to say they weren't warned! Listen and be prepared!
PROPAGANDA! The government DID do something during the great depression, its a pure myth that it was caused because they did nothing... anytime I hear that crap I know I am watching propaganda.
I hate how all of these people talk shit about Peter being "wrong" in regards to his view on global investment. Don't they get he was talking about a long term global investment? Of course the global economy will be rough in the short term. Thats the point. Invest now when prices of the stocks are low. That's how you make a large profit. He may turn out to be wrong, but we have given his predictions nearly enough time to declare their accuracy.
These idiots running our country better start paying attention to guys like Schiff. They are hell- bent on sinking us into a long, nasty depression which will take decades to dig out of.
fox news is the biggest worldwide. CNN and MSNBC and focused on USA. Fox owns most of the media in the UK which explains why the UK agreed to help America invade Iraq.
We are lucky that we take the time to watch these videos. Most of the media don't even mention what it's really going on. If we really want help, we should send this video to all the people that we know so that they know the truth !!!!!!!!!!
He didn't foresee the rally of the dollar but he's investing for the long term. There will always be short term corrections or artificial rallies because of irrational consumers, but Schiff's long term strategy has been successful and provides a safe-haven if we really do experience hyper-inflation.
Your an idiot not to get into gold at current prices. Gold is being suppressed by Goldman Sacks, JP Morgan, and world central banks. The lid is about to blow, and gold prices will shoot through the roof. Holding cash is equivalent to fools gold, dollars = worthless paper.
Schiff is one of the most clear sighted and honest of the economic experts today (most of them are idiots); but he believes the solution is to fix the system that created the problem...
We need a new economic vision and system...not more of the same.
Free market capitalism = plutocracy - rule by the wealthy...which amounts to rule by fear and greed.
Jacobrester, Gee other opinions make you angry eh? I'm fully invested with Schiff it took 24 minutes for me to prove YOU wrong. Join The Campaign For Liberty.
The beginning of 2009 is looking reminiscient of 2008. Personally, I am preparing to take a position in oil stocks, they won't stay down more than 2009. I also like a couple of Utility Stocks, but other than that, I am in cash. There is no way I am buying gold or silver at these entry levels. That is a suckers bet.
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Yeah no one seems to realize that he predicted this along with a LOT of other people, and that he was completely off recently. Hes no God. He just predicts the worst of the worst for attention.
Any economist worth their salt can only be negative about the US economy. It is fundamentally non-viable. Rally's will occur from time to time but the overall direction we are being/have been taken in (by the Gov/Fed) is heading in 1 direction - collapse.
It is easy to say "even a broken clock is right twice a day" etc, but it's a poor criticism of a consistent view, considering the consistent (bad) economic policy.
Schiff is dead on, as always. As for the person who said that there is no good place to invest neither here or abroad, there is a big difference between us and China. We are a huge debtor nation. China is a creditor nation. Hence, we don't have the money for a stimulus -- we have to print our way there. They just have to dip into their massive store of reserves and start consuming the goods that they currently export. I.e, their fundamentals are sounds. Ours are completely broken. Scary times.
I say don't worry about people who are too "thick" to see the reality that Gold, ultimately, is money; not "IOU-nothing's" of a corrupt govt. All it does is result in a headache. They'll realize their folly when it's too late, i.e., they end up on the street begging the "benevolent" govt. to have more "mercy" on them. What's worse than a slave? A slave who does not know he is one.
The commodities recommendation makes no sense either. Schiff refuses to see that the commodities growth was a speculative bubble. Again, as the world economies enter recession and demand for raw materials drops, the prices of raw materials will drop like a stone as well. Gold may behave differently, as people believe it to have some sort of "intrinsic" value, which it of course does not. As a speculative play, it may be better than stocks for now. It is certainly not a true investment though.
I agree that most raw materials will see a decline in prices as the economic slowdown continues. However, Gold does have intrisic value and it is certainly a true investment especially in the long term. Investment in gold isn't for those that want to make a quick buck, but Gold is always more stable and retains its value much better than paper money which has zero intrinsic value. You can't argue with something that's been valued for thousands of years.
"Gold does have intrisic value and it is certainly a true investment especially in the long term" - I guess it depends on what you mean by intrinsic value. To me buying stock for the dividends, buying assets that produce a good or service that is in demand, is investing into something with intrinsic value. Buying gold relies on the fact that other people thing of it as valuable. People will not all of a sudden stop eating or wearing clothes tomorrow, but they might decide that gold is worthless.
"Has TONS of applications, do a google. " Well, obviously gold has tons of applications, like platinum, palladium, etc. The demand for those applications, however, does not justify the price of gold. Most of its value comes from speculative trading. Or, as Wikipedia puts it, "Given the huge quantity of hoarded gold, compared to the annual production, the price of gold is mainly affected by changes in sentiment, rather than changes in annual production."
Gold always has been and will always be a store of wealth. To say Gold value fluctuates because of hoarding is overly simplistic. It also goes up with inflation of fiat monetary systems. Fiat money becomes worthless as more is generated/printed and as a result a true store of wealth such as gold or silver inversely increases in value. Now of course you will have supply and demand side pressure as well but this is true of EVERYTHING. Check out the videos "money as debt".
Peter Schiff's recommendations make no sense. The Chinese factories are drastically dropping their output. A recession in the US automatically entails a recession in China, India and Japan, because of how interconnected these economies are. If he is bearish on American companies, he should be bearish on the Chinese ones as well. Perhaps not as bearish, but to say that they will rally while America's recession deepens severely is lunacy. This may happen in the long run, but not now.
"Why base currency on any scarce commodity" Because we agreed that only things that are scarce have value. When you back your fiat money with water, it would be worthless, just like it is now. You see that clean air and fresh water are starting to get value as we poluted it and it becomes scarce. Basing it on gold also holds the government from printing unlimited amounts of money like the USA is doing now. Well the FED isn't a government institution of course, but it should be.
hey guys- good thread...question- how does the free market protect the American worker? what keeps a company (in a free market)from moving jobs overseas where the salary standards are much lower? could someone fill me in?
In a free market, the worker can start a business when his boss drives his company into the ground. For example.
Instead, the government gives his boss a billion dollars to bail him out, eliminates any possibility of competition from better competitors, and if the government does this enough, they bankrupt the nation and leaves the nation with NO viable companies and a destroyed currency.
There will (at least for now) always be a group in power with a military that has the ability to choose to use a hard or fiat currency system. The problem with hard currency is that because it forces rulers to be honest with their currency, they must INVADE rather than INFLATE.
Well, the dollar as the reserve currency of the world is going to fade away on an event driven timeline. I love the idea of a gold standard. Accountability. Responsibility. Fact not fiction. I get that.
Here is the issue: Monetary systems (read: hard or fiat) are only as responsible as the parties controlling and deciding to use those systems.
"Schiff and Paul are both shills for the private international central banking fractional reserve unpayable-interest debt money monopoly."
Wow... that has to be the most ignorant shit I've heard in quite sometime. Guess what these international bankers privately own? The Federal Reserve. Guess who wants to abolish the Fed? Ron Paul & Peter Schiff.
You are right about one thing, our gov should be in charge, but only as prescribed in our Constitution. Ever read it before? Should...
Schiff and Paul are both shills for the private international central banking fractional reserve unpayable-interest debt money monopoly. Return to the gold standard? Who do you think owns all the gold and silver? Why base currency on any scarce commodity? The same cartel owns all the gold and silver and will control the monetary system for their benefit just as they do now. Debt free interest free money issued as credit by the government is the only solution.
Lots of people saw this coming, not just Peter Schiff. The answer to monetary contraction is monetary expansion. Only 1 dollar in a hundred is paper currency, we have a long way to go to make up monetary losses. Peter Schiff is disinforming the public.
Calling Schiff a broken clock is a non-argument, as if he has had no firm basis to justify his pessimism on the US economy. Not only was he correct on the timing of the crisis, he's correct on the underlying causes of the crisis. That sounds like a working clock to me. He is a macro-economist and looks at macro-trends over decades, unlike those mindless perma-bulls who made insane assumptions about a perpetually rising stock and real estate market. You dismiss him for invalid reasons
I think if the bad policy and management changed, he would've stopped crying the blues. I think he was just pointing at problems that have been existing for the past ten years and have culminated in this catastrophe-to-be. Nothing wrong with that.
That's actually 100 percent false. This is not the free market working. A Free market doesn't consist of a central banking with a monopoly on credit and money creation. And in what way are we "going back to the stone age"?
By your assertion, we have never had a free market then. Ever. For governments have always "meddled" in markets. Therefore by your definition of free markets, it is only a theory that has never been practiced.
If you are going to blame this on the free market, you obviously don't seem to think giving banks 1% interest rates (i.e. bags of cash) was government meddling. The point of the free market is not to have no government, it's to have MINIMAL government. In the midst of a crisis that was the result of government intervention, you need less government, not more. History is loaded with examples of capitalism working...big government, not so much.
thats not true at all. the greater parts of the 1600s, 1700s, and 1800s saw minimal government intervention. after the establishment of two central banks in 1834 the second bank of the US was shut down. From then until the Civil War the US was the most prosperous it had ever been. the only negatives were bank failures every 5 to 10 years. this was because of government regulations and ordered suspension of specie payment in order to finance government.
This is the digital age. Markets can operate more efficiently and effectively without the top-down gov't bureacracy that has been corrupted by the companies they are supposed to regulate. Let the internet be the referee for the invisible hand of markets. Ponder it.
If you want to follow all of PETER SCHIFF, JIM ROGERS, MARC FABER and RON PAUL. I always go to financialtruth0.blogspot . com because they post all the videos there. Thanks for uploading anyway!
Peter Schiff predicted this situation 2 years ago. Why should he be wrong for the next 2 years? So dear watchers listen to him and you can be a rich (wo)men.
God opens doors, do not hesitate. When I was young ther were no seat belt laws and all this protect me I'm scared. The drinking age was 18 and the 4th of July beat the crap outa Christmas.
sad thing Stonewall I think those that own the Mines still have to do alot of Work to get that Gold. Where as Paper today takes no work to make since you can use a Computer screen to make all the money you want because 90% of Dollars in circulation is not printed and is stored on a Computer Hard Drive!
AgentOrange04... In 1908, the US govt passed the Aldrich-Vreeland Act. Senator Nelson Aldrich made a committee to investigate regulating the banking system. Aldrich went to Europe and studied their system. The US govt finally decided to adopt Germany's centralized banking system. In 1913, the US govt passed the Federal Reserve Act. Over the years, legislation was passed to loosen the strict loaning law. Banks made loans that could NOT be paid, created a large asset bubble we need to recoup.
sadly not only did most countries adopt the same faulty monetary system and policies as the usa, but their economies are also much interconnected with it. therefore the next depression will most likely be a global one with no safe country to hide in...
As I said earlier, the USD is artificially high now due to bankster manipulation. Yet the economy is slow 'cuz the Fed is forcing banks to buy/hold a higher % of T's. However, when the banksters want the collapse to happen, the Fed will buy those Treasuries back--thereby unleashing a torrent of USD, followed by USD value plummeting, followed by global market instability. It's likely a set-up for centralized global banking control--similar to how Morgan behaved in '07.
Reform cannot be achieved by a well-intentioned leader who recruits his followers from the very people whose moral confusion is the cause of the disorder." - Socrates
In politics, nothing happens by accident. If it happens, you can bet it was planned that way. Franklin D. Roosevelt, Father of the Welfare State
The problems we face today cannot be solved by the minds that created them Albert Einstein
Yup...I agree. It's nice to see someone whose hosting the show actually allow time to respond to the questions. Schiff sticks to his guns and is one of the few people on the mainstream news networks that knows what he's talking about.
The only solution for US citizens is to dismantle congress and the entire US political system by removing the final ecision power by their leaders and giving it back to the people and only the people will make final decisions! All countries need to do the same.
After a long thought about this, isn't time our gov started to look after US. Bailouts is an ugly defeatist word, but have not we been bailing out all the shit tinpot banana republics for a long time now, ignoring our own house?
"I am a most unhappy man. I have unwittingly ruined my country. We have come to be one of the worst ruled, one of the most completely
controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
-President Woodrow Wilson [In reference to signing the Federal Reserve Act in 1913]
Amen brother. Plus, don't tell them that major governments around the world are about to unload huge amounts of gold onto the market which will surely plunge the price.
US has been on the rise since this statement, no country in the world did better... What about the people that live on $1/day? or other countries where people live on less than 1/4 income (compare to US). Too much crying for nothing! So, there will not be a new car in every garage every 2 years or something "important" like this... Everybody worries about the US. Other contries are dying for decades!!!
A new era of Socialist Fascism will emerge. An era were the State and Corporations will run your lives. Bush merely paved the way with Patriot Act 1 and 2, Military Commissions Act. and many others.
So sad that The People will not regain or even attempt to regain their lost rights from Obama.
No Obama will hold onto those surrendered inalienable rights. He will offer FDR type programs to appease the poor and needy (for which there will be many) in the coming Depression. We will all lose.
This is the work of the zionists in launching their One world Government - Obama at the helm for the UN, the WTO and the WHO - look under their shield and see who is controling the money.
it will get much worse - the USA and all other countries will owe money to the world bank and therefore be owned lock stock and barel - that is the plan- then you will see - land for debt being repossesed - LOOK around!!
At the moment the USD is being propped up, so gazillions more $ can be printed. Money is being kept tight thru forcing banks to buy/hold Treasuries.
When the timing is "right" for collapse, the Fed will buy those back--thereby unleashing a torrent of USD, followed by USD bad devaluation, followed by global destabilization.
The World Bank + banksters will step in "save" nations from disaster--& will be welcomed. Same old scam.
these people are doing this on purpose! the government itself is the disease, the cancer and it has to be killed!!!unless it will kill us in a direct or indirect way! chop off the head of the beast (big bankers) and you saved the nation!
So what is your solution you mental giant among men? You propose "killing the government". WTF does that even mean? What would you replace it with sunshine and lollipops? The only people who would succeed the evil bankers we have right now are even more evil nasty people. And Schiff would be their biggest cheerleader. What he don't tell you is that foreigners get paid LAST in other countries when economic crisis hits.
Peter Schiff = a broken clock. Even a broken clock is right twice a day.
Thanks to your douche bag George Bush our country is in serious trouble. But you can just pretend that he didn't cause trouble. Because that's what idiots like you do. They live in pretend worlds. Obama isn't even president yet. According to retards like you, all he is right now is "the most inexperienced senator in congress". So tell me genius, how can we be a happy Obama government when your retard, GW Bush is still in charge? It will be a bad 4 years. But GW, at this point, is the cause.
The presidents job should be to adopt policies wich make everyone wealthier like cut spending and low taxes. Obama will do just the opposite. Of course many unintelligent people who approve this will blame Bush for the the inability of Obama to get the USA out of trouble, just like you do. Just try and understand Obama policies will get thing worse! His job is to fix them, not to look for someone to blame.
How is it "unintelligent" to blame Bush for his 8 years of economic policies, but it is "intelligent" to blame Obama for our current state of the economy given that OBAMA isn't even in office yet? You say: "blame Bush for the the inability of Obama to get the USA out of trouble" So tell me if I cut off your legs, should I blame you because you cannot walk? Nov.4th 2007, the US voters blamed Bush and the Repubs. That blame was well placed and well deserved.
this clip and my comments are for the future (2009) when Obama will be president. The blame for the current situation is another issue - some of it is on Bush, some on stupid legislation passed by Democrats in the last 10 years. Obama will only approve more inefficient and harmful legislation.
That's funny, the legislature has been in the control of the republicans from 94 until January of 07. I like how you call legislation passed in the last ten years the fault of the "democrats" but it has been the republicans in complete control of the legislature from 1994 until January of 2007. Furthermore, you do not have a crystal ball, you do not know what Obama will do. You can't even properly assign fault where it belongs much less forecast the future.
George Bush doesn't control interest rates. Sorry. The President of the United States doesn't manage companies who make bad loans and practice unsound business tactics because of easy money.
If you desire to place blame it is rightfully on WE THE PEOPLE. We gave away too much of our power to the government. Doesn't matter if its Bush or Obama they are only the puppets. Same crap every 4 years they shuffle around.
Just wait until you find out there is a dual tax in the bill to be voted in under radar.
Duel tax is: Regular income tax, PLUS a flat tax on all goods! That's one way Obama is in bed with the special interest groups.....Is this the Change he meant?
Republicans and Democrats are cut from the same cloth!
BTW George Sr. Is prepping Jeb Bush for the next "Presidential musical chairs" election.
true, than god those ppl havent him shot yet, omg u have to hear his own show is amazing, he is one of us, and he will be diminished like any other whoever walked that path.
I do listen into his show on occasion. I do follow, as they do, the Austrian Theory of Economics.
As for diminishing him, or Paul, or any other with common sense that challenges the " Elite " , the problem the elite have is, the Internet.
We see these people all the time, we know who they are and what could happen and if they were to disappear tomorrow by the " Elite ", believe me there would be a " Real " revolution tomorrow.
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theleemeister 7 months ago
Populism is scarier than 1984.
jacobromu 1 year ago
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Think about this.
Two investors........
One Has 5 Million Dollars in the Bank
One Has 5 Thousand in Precious Metals in His Closet
When the dollar crashes the investor with 5 Million dollars will be dead broke, the Investor with 5 thousand in PM will be rich beyond imagine!
DeathOfTheDollar2010 2 years ago
Master Peter for Pres!
DeathOfTheDollar2010 2 years ago
only the carbon credit will be honored , RFID chip in your body.
bofocub 2 years ago
2009 Performance
Dow Jones: 15%
US Dollar Index: -4%
Gold in USD: 32%
Zulske 2 years ago
You want in the last scam before the chip? Yep.. It's give me all your money for the worthless gold. You'll be begging to work in a china slave shop for two bowls of rice a day. The philosphical question is? Do you deserve it? You know how greedy you are and would be if allowed.
rrdrums110 2 years ago
and i totally agree with rrdrums 110 it is infact a scam running in the background and not only will everyone get ripped off but also a one world government will also appear not far off in the very near future after words!
darizzle7 2 years ago
the use of the new North Amercan Union money "The Amero" not unlike the EU's "Euro" will probably be in full use in Canada-America-and all of Mexico by 2011 or sooner and The US Dollar is going to completely collapse by 2012 or sooner !
darizzle7 2 years ago
Doesn't matter. Gold will be confiscated after you spend all your paper for it anyway. It's just another scam to get the last bit of everything out of you.
rrdrums110 2 years ago 2
They're already taking your gold... what do you think those cash for gold companies are doing? While they give you change for it in exchange...
Moeb424 2 years ago
ImO it's not going to be about currency at that point. It will be "the chip" implanted just as REvelation teaches. The mark of the beast. No one can buy or sell w/out it. It makes for gps and easy accounting and insures a fiat currency and control of the masses. It's a no middleman setup. Straight to the masters. A simple credit /debit system. The body is the collateral for labor. Won't need gold for anything except circuit board
rrdrums110 2 years ago
Let's assume we're on the same page by understanding that the"owners" are purposely destroying economy to set up "solution" for the masses. They are really good at this game. But they have forgot to consider gold? They would let the average slob have a way out when they personally own all the gold on the planet anyway?Does that sound like a detail they would miss?No. we have been funneled by fear again to give up last bit of green for gold but they will take it away by legal force in the end.
rrdrums110 2 years ago
its just incompetence
Seano71 2 years ago
I love how Peter schiff predicts that the dollar soon will be as valuable as green toilet paper. Then he tells you that somebody will trade you inflation proof gold for your shitty green toilet paper. I think i smell some shitty doublespeak here.I think that this might be shitty advice otherwise who would trade shiny gold for shitty green dollars?
rrdrums110 2 years ago
What he is saying is that at some point they will quit accepting your green peices of paper for gold, so buy it now.
Bankingcartel 2 years ago
they wont trade you. thats why you need gold and silver or alot of toilet paper.buy quick
gone556 2 years ago
Silver is the way to go! Buy 90% U.S. Silver coins.... Its a good investment, and can be easily spent when the time is needed... For instance, 1 silver dime = 1 loaf of bread. Instead of a large silver bar.
acanzoni19 2 years ago 3
I'd like to know who's going to be accepting gold and silver coins in exchange for commodities? You can't exactly walk into Stop and Shop and buy food with gold bullion.
Polyphemus08x 2 years ago
Stop and Shop isn't selling food for gold and silver today. But coin stores are exchanging gold and silver for dollars today, and the demand for those coins will always exist, even more so when the dollar loses value, compared to them.
The US dollar isn't worthless, today.
The stock market isn't in the toilet, today.
Etcetera.
But investment is all about predicting what will be valuable in the future, years from now. Real investors think about the future, not what's happening today.
TheMoravians 2 years ago
Stores won't accept gold or silver? Of course they will... They accept 'silver' now. IF the paper dollar becomes worthless, then they WILL accept gold. They'll prefer it. It will be paper and plastic that won' t be accepted.
Jaycephus01 2 years ago
it would be an advantage to china, given the amount of treasuries in terms of foreign debt, it has saved and accumulated.
zlittledevil87 2 years ago
Everything except other currencies.
Entropy137 2 years ago
2012, the year when the dollar collapsed...
afthefragile 2 years ago
problem is politicians wont take the pain of a needed deep recession - bec. they wont get reelected, witness bush 1.
gnaples 2 years ago 5
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☻/
/▌
/ \ This is Bob! Bob will soon take over youtube. Copy and paste to all vids!
CheapChad 2 years ago
Why does our own Country Government and Treasury careless about Inflation than lets say China? its aparent to me that if we inflate or devalue our currency the debts we owe are thus reduced by X-factor.. China hates our Politics and are aiming and looking for a more stable currency even their own Yuan. Why? Our govt. does have smart peeps incharge.. The negative about doing so it will destroy the Middle class.. but sense when do our politicians care about its people?
Tunedup81 2 years ago
they dont care the agenda is being carried out and our roleis to stay scared and stupid
210slimthugga 2 years ago 2
buy commodities for sure, everyone knows that, including oil servicers, you will see interest rates start going up by january 2010 and you will see Gold drop
to $660, it will happen overnight and will be quick,
just like Oil in the autumn of 2008, Volker is going to do what they did in 1981 break inflation which is expected early next year, they will not make the same mistake they did in 2002 when they should have raised interest rates -
dubmaverick69 2 years ago
also he was not the first to call out doom of 2008, its his buddies at lehman, bears, that created those toxic assets which his firm invested in, good for him-
when he gives up his exclusive rights to broker Perth Mint products , then i will listen to his rant!!
dubmaverick69 2 years ago
are you serious, comparing the 1920's to the 1930, he needs to read this history book again, the laws that were passed in the 1933 were not present in the 1920
that helped stabilize the banking system, it was not the perfect solution but it worked,
dubmaverick69 2 years ago
Peter Schiff is awesome and I'm glad he is so outspoken. Gerald Celente, Jim Rogers, Ron Paul, and Elaine Supkis are all saying the same thing. People won't be able to say they weren't warned! Listen and be prepared!
TruthLightSeeker 2 years ago 3
we need ron paul to take office!!! back the dollar with silver and gold
ndrew206 3 years ago
Ron Paul =
REAL CHANGE
2012!!
viva the Revolution
twomiracles 3 years ago 3
PROPAGANDA! The government DID do something during the great depression, its a pure myth that it was caused because they did nothing... anytime I hear that crap I know I am watching propaganda.
Go Schiff!!
aegisgfx 3 years ago 3
I hate how all of these people talk shit about Peter being "wrong" in regards to his view on global investment. Don't they get he was talking about a long term global investment? Of course the global economy will be rough in the short term. Thats the point. Invest now when prices of the stocks are low. That's how you make a large profit. He may turn out to be wrong, but we have given his predictions nearly enough time to declare their accuracy.
zackvanhalen 3 years ago
I meant to say we HAVEN'T given his predictions nearly enough time.
zackvanhalen 3 years ago
obama is the same as bush. fu*k obama. they are just bailing out the banks and we are all suffering.
Ron Paul and Peter Schiff are the only people that can help us. We need to protest and get obama out and get Ron Paul into the whitehouse.
hyylo 3 years ago
amen to that
ron paul 2012
mic2damgood 3 years ago 4
fu*k fox news.
end the fed
bring our troops home
hyylo 3 years ago 3
These idiots running our country better start paying attention to guys like Schiff. They are hell- bent on sinking us into a long, nasty depression which will take decades to dig out of.
escapedfromNY 3 years ago
fu*k fox news.
end the fed
bring our troops home
hyylo 3 years ago
Why Fox news? CNN and MSNBC are a lot more biased. I bet your for communism too. Right?
tstatton 3 years ago
fox news is the biggest worldwide. CNN and MSNBC and focused on USA. Fox owns most of the media in the UK which explains why the UK agreed to help America invade Iraq.
hyylo 3 years ago
We are lucky that we take the time to watch these videos. Most of the media don't even mention what it's really going on. If we really want help, we should send this video to all the people that we know so that they know the truth !!!!!!!!!!
dioguito24 3 years ago 4
Bring Bush back, we need another 12 more yrs of Bush! cause he is qualify Ya, Bush has sooooo much experience........ lol
loginname2828 3 years ago
This is obamas opportunity to overthrow capitalism and implement communism.
pandabead 3 years ago
He didn't foresee the rally of the dollar but he's investing for the long term. There will always be short term corrections or artificial rallies because of irrational consumers, but Schiff's long term strategy has been successful and provides a safe-haven if we really do experience hyper-inflation.
IamAlexM16 3 years ago
perfect.......ly.....said
islandchef911 3 years ago
obama is the same as bush. fu*k obama. they are just bailing out the banks and we are all suffering.
Ron Paul and Peter Schiff are the only people that can help us. We need to protest and get obama out and get Ron Paul into the whitehouse.
hyylo 3 years ago 11
Obama is totally unqualified to lead the country right now. We are doomed.
misterwipedown 3 years ago 4
The only hope for America's future is to put this man in Ben Bernanke's job and to replace this Neo-con Obama jerk with Ron Paul
freeyourmined 3 years ago 11
The Gov doesn't want us to prosper! They are engineering, purposefully, our economic destruction! Doesn't anyone get this?!!! CHRIST!
TadRapidly 3 years ago 5
Peter Schiff, Gerald Celente and company have been right.
Their detractors are in denial. It´s easy to be gloomy when an idiot has been at the wheel for 8 years.
That is not gloom, that´s being a REALIST.
ellibrepensador 3 years ago 2
RE: Jacobrester
Your an idiot not to get into gold at current prices. Gold is being suppressed by Goldman Sacks, JP Morgan, and world central banks. The lid is about to blow, and gold prices will shoot through the roof. Holding cash is equivalent to fools gold, dollars = worthless paper.
doi2727 3 years ago 6
That´s correct
ellibrepensador 3 years ago
Jacobrester is an idiot. That´s correct.
ellibrepensador 3 years ago
Ive never known anyone LOSE as much value as peter schiff
exxxxxxxx 3 years ago
The truth is out there.
reYKCuf 3 years ago
ALL PETER SCHIFF PREDICTIONS, WITHOUT CUTOFF:
/watch?v=9h2x7R8pxUs
igorvasilevsky 3 years ago
The free unregulated market is the disease.
It is rapacious and irrational.
It is the law of the jungle in a suit and tie.
Schiff is one of the most clear sighted and honest of the economic experts today (most of them are idiots); but he believes the solution is to fix the system that created the problem...
We need a new economic vision and system...not more of the same.
Free market capitalism = plutocracy - rule by the wealthy...which amounts to rule by fear and greed.
siddhaam 3 years ago
See "Newstopis explains the Federal Reserve" on Youtube
shizont 3 years ago
Jacobrester, Gee other opinions make you angry eh? I'm fully invested with Schiff it took 24 minutes for me to prove YOU wrong. Join The Campaign For Liberty.
tedsmith45 3 years ago
I bet 99% of you Jugheads have never invested a penny of your own money. Peter Schiff was DEAD WRONG the entire second half of 2008.
If you think he is so brilliant, take YOUR money and invest it according to his recommendations.
Jacobrester 3 years ago
I did. Got out of US stocks jan. 08. Got into some stocks with EuroPac last week. He was dead wrong the last quarter of 08, didn't effect me though.
I'm still expecting a bond market dislocation though.
BlackNapkins86 3 years ago
The beginning of 2009 is looking reminiscient of 2008. Personally, I am preparing to take a position in oil stocks, they won't stay down more than 2009. I also like a couple of Utility Stocks, but other than that, I am in cash. There is no way I am buying gold or silver at these entry levels. That is a suckers bet.
Good Luck
Jacobrester 3 years ago
This comment has received too many negative votes show
Yeah no one seems to realize that he predicted this along with a LOT of other people, and that he was completely off recently. Hes no God. He just predicts the worst of the worst for attention.
philritter21 3 years ago
Any economist worth their salt can only be negative about the US economy. It is fundamentally non-viable. Rally's will occur from time to time but the overall direction we are being/have been taken in (by the Gov/Fed) is heading in 1 direction - collapse.
It is easy to say "even a broken clock is right twice a day" etc, but it's a poor criticism of a consistent view, considering the consistent (bad) economic policy.
RPFS2008 3 years ago 2
Excellent!!! Love the broken clock analogy.
elyohcsrev 3 years ago
maybe the worst is going to happen and that is why he is predicting the worst for attention
DRA2012 3 years ago 2
Very, very good video. Thank you 'PhilDeCarolis' for sharing this with the rest of the world. Peter Shiff rules!
robert4you 3 years ago 2
Schiff is dead on, as always. As for the person who said that there is no good place to invest neither here or abroad, there is a big difference between us and China. We are a huge debtor nation. China is a creditor nation. Hence, we don't have the money for a stimulus -- we have to print our way there. They just have to dip into their massive store of reserves and start consuming the goods that they currently export. I.e, their fundamentals are sounds. Ours are completely broken. Scary times.
amk212 3 years ago
ha ha... yeah, I am sure they will have him back to see how his predictions stand up... I still don't think Schiff gets the respect he deserves.
magichandpuppet 3 years ago
I say don't worry about people who are too "thick" to see the reality that Gold, ultimately, is money; not "IOU-nothing's" of a corrupt govt. All it does is result in a headache. They'll realize their folly when it's too late, i.e., they end up on the street begging the "benevolent" govt. to have more "mercy" on them. What's worse than a slave? A slave who does not know he is one.
experimentsingeekdom 3 years ago
The commodities recommendation makes no sense either. Schiff refuses to see that the commodities growth was a speculative bubble. Again, as the world economies enter recession and demand for raw materials drops, the prices of raw materials will drop like a stone as well. Gold may behave differently, as people believe it to have some sort of "intrinsic" value, which it of course does not. As a speculative play, it may be better than stocks for now. It is certainly not a true investment though.
nocheenlatierra 3 years ago
I agree that most raw materials will see a decline in prices as the economic slowdown continues. However, Gold does have intrisic value and it is certainly a true investment especially in the long term. Investment in gold isn't for those that want to make a quick buck, but Gold is always more stable and retains its value much better than paper money which has zero intrinsic value. You can't argue with something that's been valued for thousands of years.
myhipsi 3 years ago 2
"Gold does have intrisic value and it is certainly a true investment especially in the long term" - I guess it depends on what you mean by intrinsic value. To me buying stock for the dividends, buying assets that produce a good or service that is in demand, is investing into something with intrinsic value. Buying gold relies on the fact that other people thing of it as valuable. People will not all of a sudden stop eating or wearing clothes tomorrow, but they might decide that gold is worthless.
nocheenlatierra 3 years ago
Well if you plan on continuing to use your computer then you best believe Gold has intrinsic value. Has TONS of applications, do a google.
BigPreme74 3 years ago 2
"Has TONS of applications, do a google. " Well, obviously gold has tons of applications, like platinum, palladium, etc. The demand for those applications, however, does not justify the price of gold. Most of its value comes from speculative trading. Or, as Wikipedia puts it, "Given the huge quantity of hoarded gold, compared to the annual production, the price of gold is mainly affected by changes in sentiment, rather than changes in annual production."
nocheenlatierra 3 years ago
Gold always has been and will always be a store of wealth. To say Gold value fluctuates because of hoarding is overly simplistic. It also goes up with inflation of fiat monetary systems. Fiat money becomes worthless as more is generated/printed and as a result a true store of wealth such as gold or silver inversely increases in value. Now of course you will have supply and demand side pressure as well but this is true of EVERYTHING. Check out the videos "money as debt".
BigPreme74 3 years ago 2
Peter Schiff's recommendations make no sense. The Chinese factories are drastically dropping their output. A recession in the US automatically entails a recession in China, India and Japan, because of how interconnected these economies are. If he is bearish on American companies, he should be bearish on the Chinese ones as well. Perhaps not as bearish, but to say that they will rally while America's recession deepens severely is lunacy. This may happen in the long run, but not now.
nocheenlatierra 3 years ago
China can consume their own production and increase their standard of living.
CeoOfKFC 3 years ago
not with-out devaluating thier currency...your statment reflects your very limited knowledge of economics
wrinkles1931 3 years ago
"Why base currency on any scarce commodity" Because we agreed that only things that are scarce have value. When you back your fiat money with water, it would be worthless, just like it is now. You see that clean air and fresh water are starting to get value as we poluted it and it becomes scarce. Basing it on gold also holds the government from printing unlimited amounts of money like the USA is doing now. Well the FED isn't a government institution of course, but it should be.
juhmoeduhr 3 years ago
hey guys- good thread...question- how does the free market protect the American worker? what keeps a company (in a free market)from moving jobs overseas where the salary standards are much lower? could someone fill me in?
ovte4Pedro 3 years ago
> hey guys- good thread...question- how does
> the free market protect the American worker?
In a free market, the worker can start a business when his boss drives his company into the ground. For example.
Instead, the government gives his boss a billion dollars to bail him out, eliminates any possibility of competition from better competitors, and if the government does this enough, they bankrupt the nation and leaves the nation with NO viable companies and a destroyed currency.
fuzzywzhe 3 years ago
There will (at least for now) always be a group in power with a military that has the ability to choose to use a hard or fiat currency system. The problem with hard currency is that because it forces rulers to be honest with their currency, they must INVADE rather than INFLATE.
itwillsit 3 years ago
Well, the dollar as the reserve currency of the world is going to fade away on an event driven timeline. I love the idea of a gold standard. Accountability. Responsibility. Fact not fiction. I get that.
Here is the issue: Monetary systems (read: hard or fiat) are only as responsible as the parties controlling and deciding to use those systems.
itwillsit 3 years ago
"Schiff and Paul are both shills for the private international central banking fractional reserve unpayable-interest debt money monopoly."
Wow... that has to be the most ignorant shit I've heard in quite sometime. Guess what these international bankers privately own? The Federal Reserve. Guess who wants to abolish the Fed? Ron Paul & Peter Schiff.
You are right about one thing, our gov should be in charge, but only as prescribed in our Constitution. Ever read it before? Should...
FreedomFighterAmero 3 years ago
Schiff and Paul are both shills for the private international central banking fractional reserve unpayable-interest debt money monopoly. Return to the gold standard? Who do you think owns all the gold and silver? Why base currency on any scarce commodity? The same cartel owns all the gold and silver and will control the monetary system for their benefit just as they do now. Debt free interest free money issued as credit by the government is the only solution.
debtfreecurrency 3 years ago
yep. it is that or barter.
StoneWallD 3 years ago
> Schiff and Paul are both shills for the
> private international central banking
> fractional reserve unpayable-interest debt
> money monopoly.
Do you know ANYTHING about Schiff?
> Return to the gold standard? Who do you
> think owns all the gold and silver?
85% of it is in private hands.
fuzzywzhe 3 years ago
Lots of people saw this coming, not just Peter Schiff. The answer to monetary contraction is monetary expansion. Only 1 dollar in a hundred is paper currency, we have a long way to go to make up monetary losses. Peter Schiff is disinforming the public.
thoughtchallenge 3 years ago
Calling Schiff a broken clock is a non-argument, as if he has had no firm basis to justify his pessimism on the US economy. Not only was he correct on the timing of the crisis, he's correct on the underlying causes of the crisis. That sounds like a working clock to me. He is a macro-economist and looks at macro-trends over decades, unlike those mindless perma-bulls who made insane assumptions about a perpetually rising stock and real estate market. You dismiss him for invalid reasons
snarej 3 years ago 6
Schiff has been crying the blues for over a decade.
JihadSmurf 3 years ago
I think if the bad policy and management changed, he would've stopped crying the blues. I think he was just pointing at problems that have been existing for the past ten years and have culminated in this catastrophe-to-be. Nothing wrong with that.
Trojanman21c 3 years ago
I love it...Let the "free market" work. How free do you want it???
More deregulation? This IS your "free market" working....We're going back to the stone age because of a handful of financial-phycopaths.
GREENSPAN:...Ah, my mistake. I didn't realize how the "world works".
redmoonspider 3 years ago
That's actually 100 percent false. This is not the free market working. A Free market doesn't consist of a central banking with a monopoly on credit and money creation. And in what way are we "going back to the stone age"?
CommSense 3 years ago 3
By your assertion, we have never had a free market then. Ever. For governments have always "meddled" in markets. Therefore by your definition of free markets, it is only a theory that has never been practiced.
JihadSmurf 3 years ago
If you are going to blame this on the free market, you obviously don't seem to think giving banks 1% interest rates (i.e. bags of cash) was government meddling. The point of the free market is not to have no government, it's to have MINIMAL government. In the midst of a crisis that was the result of government intervention, you need less government, not more. History is loaded with examples of capitalism working...big government, not so much.
benjleeru 3 years ago
thats not true at all. the greater parts of the 1600s, 1700s, and 1800s saw minimal government intervention. after the establishment of two central banks in 1834 the second bank of the US was shut down. From then until the Civil War the US was the most prosperous it had ever been. the only negatives were bank failures every 5 to 10 years. this was because of government regulations and ordered suspension of specie payment in order to finance government.
CommSense 3 years ago
1600s and 1700s saw minimial government intervention!? This was the age of mercantilism!
LastTrueLiberal 3 years ago
@lasttrueliberal
This is the digital age. Markets can operate more efficiently and effectively without the top-down gov't bureacracy that has been corrupted by the companies they are supposed to regulate. Let the internet be the referee for the invisible hand of markets. Ponder it.
eastwood24 3 years ago
I support laissez faire capitalism. I never said otherwise.
LastTrueLiberal 3 years ago
So the king didn't meddle in US affairs in the 1600s and 1700s?
WTF was the revolution for then if the king didn't meddle ?
JihadSmurf 3 years ago
I'll give ONE small eg:..it's all I have time for.
"let the free market decide what kind of cars consumers want"..and be 10 years behind the Toyota Prius.1# in customer satifaction.
That's o.k..looking bailout?...anyone else? Short term $.
Stone age:IF(I still have hope) malls become shelters/soup kitchens (73,00 retailers expected to close in addition to the 148,000 from last year.
If you don't have the basics. A job,food, shelter. Your no better off than a neanderthal.Happy New Year
redmoonspider 3 years ago
i have no clue as to what you just said.
CommSense 3 years ago
Please share ... and PREPARE!
shoeman3434 3 years ago
If you want to follow all of PETER SCHIFF, JIM ROGERS, MARC FABER and RON PAUL. I always go to financialtruth0.blogspot . com because they post all the videos there. Thanks for uploading anyway!
Justbeatit999 3 years ago
Peter Schiff predicted this situation 2 years ago. Why should he be wrong for the next 2 years? So dear watchers listen to him and you can be a rich (wo)men.
soundofnow 3 years ago
God opens doors, do not hesitate. When I was young ther were no seat belt laws and all this protect me I'm scared. The drinking age was 18 and the 4th of July beat the crap outa Christmas.
StoneWallD 3 years ago
No to the gold standard. Ask yourself, who owns the gold and the gold mines.
StoneWallD 3 years ago
sad thing Stonewall I think those that own the Mines still have to do alot of Work to get that Gold. Where as Paper today takes no work to make since you can use a Computer screen to make all the money you want because 90% of Dollars in circulation is not printed and is stored on a Computer Hard Drive!
Budvb 3 years ago
Name one currency in circulation pegged to gold?
JihadSmurf 3 years ago
It is a cancer.
StoneWallD 3 years ago
Rude, but true
allard112 3 years ago
check out my channel for info on the new world order..
peter schiff rules all
FoxviewTerrace 3 years ago
AgentOrange04... In 1908, the US govt passed the Aldrich-Vreeland Act. Senator Nelson Aldrich made a committee to investigate regulating the banking system. Aldrich went to Europe and studied their system. The US govt finally decided to adopt Germany's centralized banking system. In 1913, the US govt passed the Federal Reserve Act. Over the years, legislation was passed to loosen the strict loaning law. Banks made loans that could NOT be paid, created a large asset bubble we need to recoup.
bbnemesis123 3 years ago
Im putting my money in Mr T FlavourWave ovens. i got 300,000 of them.
tubester4567 3 years ago 2
lol. You cornered the market!!!!
JihadSmurf 3 years ago
sadly not only did most countries adopt the same faulty monetary system and policies as the usa, but their economies are also much interconnected with it. therefore the next depression will most likely be a global one with no safe country to hide in...
AgentOrange04 3 years ago
Don't forget.....
"The panic of 1907" where J.P. Morgan had to bail out the banking system.
I think this can be related to the problem that is happening now.
bbnemesis123 3 years ago
Yes, I agree.
As I said earlier, the USD is artificially high now due to bankster manipulation. Yet the economy is slow 'cuz the Fed is forcing banks to buy/hold a higher % of T's. However, when the banksters want the collapse to happen, the Fed will buy those Treasuries back--thereby unleashing a torrent of USD, followed by USD value plummeting, followed by global market instability. It's likely a set-up for centralized global banking control--similar to how Morgan behaved in '07.
loveisthevehicle 3 years ago 2
"[Roosevelt] actually campaigned against the interventionst actions of Hoover. But then repeated it..." (5:13-5:18) - Peter Schiff
If you substitute "Roosevelt" with "Obama" and "Hoover" with "Bush," it sounds exactly what's going on today in 2009!
"Those who cannot remember the past, are condemned to repeat it,"
- George Santayana
Remember this!
late4420 3 years ago 3
Reform cannot be achieved by a well-intentioned leader who recruits his followers from the very people whose moral confusion is the cause of the disorder." - Socrates
In politics, nothing happens by accident. If it happens, you can bet it was planned that way. Franklin D. Roosevelt, Father of the Welfare State
The problems we face today cannot be solved by the minds that created them Albert Einstein
WarDogLRS 3 years ago
I like all of these quotes--and I believe every one of them!
voispoed 3 years ago
It's time to move to Brazil.
IHateReligiousNuts 3 years ago
I wonder if he is accepting money for his bok or is he allowing people to trade wheat and gold to purchase it.
I made a bathfoam ELEPHANT.Click my name to watch the video.
ny007ny 3 years ago
Yup...I agree. It's nice to see someone whose hosting the show actually allow time to respond to the questions. Schiff sticks to his guns and is one of the few people on the mainstream news networks that knows what he's talking about.
achalmers 3 years ago 3
"I killed the bank"- Andrew Jackson's tombstone
Kill the Zombie! Fuck the FEd!
chewbaca1989 3 years ago 2
"if Ben Bernanke were my student I would've flunked him" ROTFLMFAO. That is Schiff's best line ever!!
rangeyer 3 years ago 5
The only solution for US citizens is to dismantle congress and the entire US political system by removing the final ecision power by their leaders and giving it back to the people and only the people will make final decisions! All countries need to do the same.
nicolemtl 3 years ago
this was a great interview since it was a 1 on 1 type. i hope someone on the receiving end to peter's word was educated.
bho84 3 years ago 3
After a long thought about this, isn't time our gov started to look after US. Bailouts is an ugly defeatist word, but have not we been bailing out all the shit tinpot banana republics for a long time now, ignoring our own house?
rlockwood9 3 years ago 3
"I am a most unhappy man. I have unwittingly ruined my country. We have come to be one of the worst ruled, one of the most completely
controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
-President Woodrow Wilson [In reference to signing the Federal Reserve Act in 1913]
ColdRainyNights 3 years ago 10
And then Americans went on to be the most prosperous people in history ever.
Yeah, "ruined" the country.
You clueless tin-foil hat gold bug fed conspiracy nuts are pathetic.
codediporpal 3 years ago
This is not 1929, all we manufacture now is paper money and debt. We have become a nation of pampered punks.
StoneWallD 3 years ago
Amen brother. Plus, don't tell them that major governments around the world are about to unload huge amounts of gold onto the market which will surely plunge the price.
JihadSmurf 3 years ago
US has been on the rise since this statement, no country in the world did better... What about the people that live on $1/day? or other countries where people live on less than 1/4 income (compare to US). Too much crying for nothing! So, there will not be a new car in every garage every 2 years or something "important" like this... Everybody worries about the US. Other contries are dying for decades!!!
sirava88 3 years ago
A new era of Socialist Fascism will emerge. An era were the State and Corporations will run your lives. Bush merely paved the way with Patriot Act 1 and 2, Military Commissions Act. and many others.
So sad that The People will not regain or even attempt to regain their lost rights from Obama.
No Obama will hold onto those surrendered inalienable rights. He will offer FDR type programs to appease the poor and needy (for which there will be many) in the coming Depression. We will all lose.
putittogether 3 years ago 4
END THE FED!! KILL THE FED!!
mejesus 3 years ago 8
This is the work of the zionists in launching their One world Government - Obama at the helm for the UN, the WTO and the WHO - look under their shield and see who is controling the money.
it will get much worse - the USA and all other countries will owe money to the world bank and therefore be owned lock stock and barel - that is the plan- then you will see - land for debt being repossesed - LOOK around!!
nicolemtl 3 years ago
Bull's Eye!
At the moment the USD is being propped up, so gazillions more $ can be printed. Money is being kept tight thru forcing banks to buy/hold Treasuries.
When the timing is "right" for collapse, the Fed will buy those back--thereby unleashing a torrent of USD, followed by USD bad devaluation, followed by global destabilization.
The World Bank + banksters will step in "save" nations from disaster--& will be welcomed. Same old scam.
Centralized $ control--always the goal
loveisthevehicle 3 years ago 2
This has been flagged as spam show
wwwTMCH1com584523690 3 years ago
Somebady give this dude a freakin medal or something. Every night the news should start off by Schiff telling America what's really going on.
jcross312 3 years ago 11
God! I'm drunk!
scorkungen 3 years ago 2
I hope CNBC gives him a show. Their ratings would go through the roof. There is nobody to watch on CNBC right now.
BlueSkies360 3 years ago
these people are doing this on purpose! the government itself is the disease, the cancer and it has to be killed!!!unless it will kill us in a direct or indirect way! chop off the head of the beast (big bankers) and you saved the nation!
wdcsucks1 3 years ago
So what is your solution you mental giant among men? You propose "killing the government". WTF does that even mean? What would you replace it with sunshine and lollipops? The only people who would succeed the evil bankers we have right now are even more evil nasty people. And Schiff would be their biggest cheerleader. What he don't tell you is that foreigners get paid LAST in other countries when economic crisis hits.
Peter Schiff = a broken clock. Even a broken clock is right twice a day.
JihadSmurf 3 years ago
Happy Obama government! will be the worst 4 years ever!
warpicachu 3 years ago 3
Thanks to your douche bag George Bush our country is in serious trouble. But you can just pretend that he didn't cause trouble. Because that's what idiots like you do. They live in pretend worlds. Obama isn't even president yet. According to retards like you, all he is right now is "the most inexperienced senator in congress". So tell me genius, how can we be a happy Obama government when your retard, GW Bush is still in charge? It will be a bad 4 years. But GW, at this point, is the cause.
JihadSmurf 3 years ago
Dear JS,
The presidents job should be to adopt policies wich make everyone wealthier like cut spending and low taxes. Obama will do just the opposite. Of course many unintelligent people who approve this will blame Bush for the the inability of Obama to get the USA out of trouble, just like you do. Just try and understand Obama policies will get thing worse! His job is to fix them, not to look for someone to blame.
warpicachu 3 years ago
How is it "unintelligent" to blame Bush for his 8 years of economic policies, but it is "intelligent" to blame Obama for our current state of the economy given that OBAMA isn't even in office yet? You say: "blame Bush for the the inability of Obama to get the USA out of trouble" So tell me if I cut off your legs, should I blame you because you cannot walk? Nov.4th 2007, the US voters blamed Bush and the Repubs. That blame was well placed and well deserved.
JihadSmurf 3 years ago
I meant 2008
JihadSmurf 3 years ago
this clip and my comments are for the future (2009) when Obama will be president. The blame for the current situation is another issue - some of it is on Bush, some on stupid legislation passed by Democrats in the last 10 years. Obama will only approve more inefficient and harmful legislation.
warpicachu 3 years ago
That's funny, the legislature has been in the control of the republicans from 94 until January of 07. I like how you call legislation passed in the last ten years the fault of the "democrats" but it has been the republicans in complete control of the legislature from 1994 until January of 2007. Furthermore, you do not have a crystal ball, you do not know what Obama will do. You can't even properly assign fault where it belongs much less forecast the future.
JihadSmurf 3 years ago
George Bush doesn't control interest rates. Sorry. The President of the United States doesn't manage companies who make bad loans and practice unsound business tactics because of easy money.
CommSense 3 years ago
Who appoints the Fed Chairman?
JihadSmurf 3 years ago
bankers
YazDawg 3 years ago
If you desire to place blame it is rightfully on WE THE PEOPLE. We gave away too much of our power to the government. Doesn't matter if its Bush or Obama they are only the puppets. Same crap every 4 years they shuffle around.
purplepixelations 3 years ago 3
I agree so let us take it back!!!
Just wait until you find out there is a dual tax in the bill to be voted in under radar.
Duel tax is: Regular income tax, PLUS a flat tax on all goods! That's one way Obama is in bed with the special interest groups.....Is this the Change he meant?
Republicans and Democrats are cut from the same cloth!
BTW George Sr. Is prepping Jeb Bush for the next "Presidential musical chairs" election.
imgottie 3 years ago
Have a look at his eyes, definitely a robot.
The New Whirl Odour has nothing to do with the NWO by the way.
stringbean9000 3 years ago
lol What?
Peter has nothing to do with the " Elite " he fights with them all the time on these financial shows.
You could even look to his father, Irwin Schiff ( Anti-Tax Advocate/Lawyer ) who has fought against the IRS for many many years.
MrMP81 3 years ago
true, than god those ppl havent him shot yet, omg u have to hear his own show is amazing, he is one of us, and he will be diminished like any other whoever walked that path.
guilleman9 3 years ago
I do listen into his show on occasion. I do follow, as they do, the Austrian Theory of Economics.
As for diminishing him, or Paul, or any other with common sense that challenges the " Elite " , the problem the elite have is, the Internet.
We see these people all the time, we know who they are and what could happen and if they were to disappear tomorrow by the " Elite ", believe me there would be a " Real " revolution tomorrow.
MrMP81 3 years ago
all interviews of PETER SCHIFF, JIM ROGERS, MARC FABER and RON PAUL at financialtruth0.blogspot . com thanks for uploading!
Justbeatit999 3 years ago 2