2/7/2007- Ron Paul Supporter Peter Schiff On Forbes

[fuckoff187]

lol look how they introduce schiff " dollaat doomsayer" likes hes some witchdoctor

[shockinggenius]

again, peter u are spot on!

[esoteric111]

Peter Schiff is a very smart man, in 2007 it's as if he's already seen our future in 2009.

[Mongodelight]

America will start over as a second-third world nation with china wages. The average wage will be laround 50 cent and 1 dollar in todays dollars. maybe even less when that. But they will make world war 3 so its not happening. u get a nice job overseas killing innocent people for ressources. Yes we can!

[EmpireStrikesOut]

Gold and silver bullion: hard to mine, rare, indestructible, shiny, heavy awesome shit that even *feels* valuable when you hold it in your hands.

U.S. dollar: toilet paper that you could try to wipe your ass with, but it would probably hurt. It isn't backed by anything of value, so they can keep printing trillions of it forever while America claims it is somehow "wealthy" when in fact is is bankrupt, and in reality, the dollar is very rough toilet paper.

[JAGUARWARRIOR21]

Love it

toilet paper that u can wipe ur ass with but it would probably hurt.

Hahahaha, lol.

Yes I have silver eagle coins with me and DAMN feel powerful and valuable in my hands.

[cannuckistan]

Buy Gold.

You can buy actual bullion certificates which are ownership of the physical metal, if you buy BMG BullionFund. Check it out.

[TheSexyRevolution]

What is the absolute solution?

[ToTink]

Maybe . . . Transpartisanship (moving past party politics), a 'colonial script' controlled by Citizens, an educated participating population of Citizens . . . oh ya and World Peace.

There are a lot smarter people then me or anybody on youtube you could get answers from. Why don't you go investigate, read, listen and make an informed decision for yourself.

Then come back and post it so the rest of us lazy butts don't have to do the work.

[chootlund]

Oh yeah?? Then WHAT THE HELL IS HAPPENNING IN IRAQ, if I may ask.

[chootlund]

Yeah right. I am sure that's why oil is so "cheap" now. Oh and what did it cost like $3 TRILLION? Nice ROI.

[rixross]

The military will solve economic problems? How would that even be possible?

[zang777788797998]

whats the military going to do? go invade another country and take there food?you are such a fuken twat

[ourearthhome]

The Federal Reserve monetary scam is becoming clear as it begins to crash as simple logic, theory and commentators have predicted for a long time. The long run solution must be an end to fiat currency in some appropriate way. Where is the discussion about that? Maybe you can save your ass in the short run but what do we do to reform the monetary system. Gold backed money doesn't quite do it by itself. Bills of exchange? Debate it now or wait for the "experts" to decide it for us.

[chootlund]

The idea is to have something which imposes discipline and doesn't allow the politicians to create endless supply of money - basically something in finite supply such as gold, silver, diamonds - hell - even water in the great lakes would do! The only condition is IT SHOULD BE FINITE.

[ourearthhome]

It is way more complicated than that. Check out Antal Fekete and the idea of bills of exchange. The idea is to allow production to expand without the limitation of a hard backed currency but without the expansion of the money supply. Or check out the idea of a fiat currency not allowing money to flow into markets like land where when speculation occurs the quantity of the thing does not increase because it can't and only the price rises. This was the cause of the real estate boom/bust.

[chootlund]

I don't know why people think hard back currency has a limitation. Prices falling is NOT BAD. Its the standard of living that matters. If you can buy more stuff with the same amount of money/wages, that ain't bad. Money supply DOES NOT need to increase for REAL growth/development.

[ourearthhome]

From what I understand I think you are mistaken. My understanding is that falling prices is just as bad in its way as prices rising because of inflation. Stability of prices over the long term makes the most sense to me and I think to most commentators. I am open to further learning. The fact that people are involved in the discussion about monetary policy is a good sign that the monetary crook geniuses will not be able to get away with fraud forever.

[iamsilverback]

The advice should be gold, silver, and then small amounts of dividend producing stocks. U.S. rail is a strong buy because it is so energy efficient to transport by railways. Banks with a strong dividend and HUGE AMOUNTS OF CUSTOMER CASH on hand like Bank of America are a decent buy too.

The EURO will fall next, decoupling is a joke. Physically owning silver is a great way to own value. ETF of precious metals are not a good deal.

[yahoovisitor]

US is no more trying to bring new products and compete in the international market. Its rather trying to impose its laws in the international trading & even there when its knocked out by not succeeding in producing a better and a cheaper product the $ will eventually fall down.

[ytube2000z]

"True and Reality lay hid in night:

God said, Let Peter Shiff be! and all was light."

[labartic]

LMAO  GO SCHIFFFF

[grubernick]

The free market. What a hoax. Take the whole field of energy markets. It is orchestrated by a handful of Multinationals who take the responsibility of not letting the world's population starve at the same time and in turn get rich beyond recognition.

What a fucked up system - either the world lets U.S. suburbia continue to suck up the world's ressouces, or it depegs from the dollar and watches Sodom and Gomorrah in U.S. little town neighbourhoods on their newly bought flat toshibas.

[GodSaveThePres]

creation of the fed is in violation of the constitution

something about private banks issuing currency

[rctube1958]

More than a violation of the constituttion it is clearly asking for problems to give secret currency printing powers to any person or institution. No one can resist the temptation to "tweak" things in their favor.

[Darusdei]

well i live in europe and i dont worry about dollar crashing... when u say "worldwide" it doesent mean europe is going with you. yes it will affect negatively but you wont bring us down either

[Jer4Obama]

Does anyone here have a graduate degree in economics or finance?

[fabregatoribio]

I don't think so, but it is also not rocket science. A country that is in debt trillions of dollars can't come out of debt, by just spending more money, printing it, cutting taxes but not cutting spending. Is just not posible.

[republicae]

Since every Fiat "dollar, euro, yen, etc." must be borrowed into existence, the exponential multiplication of debt becomes irreversible, eventually it will consume all economic viability and functionality. Total Fiat Systems have an expected Life-Span of about 40 years, we are now in year 37 after Nixon completely unpegged the dollar from gold. GET READY FOLKS..TURBULENCE AHEAD!

[republicae]

The U.S. "dollar" will prove to be the proverbial "straw that broke the Fiat Camel's Back and Bank". Every single Fiat Monetary System in history collapsed, ours will be no different and as it does reach its Maximum Possible Life-Span and terminates the rest of the Fiat World will follow. Global Depression is no longer out of the scope of possibility. At that point, the Central Bankers and their Political Hacks will be fair game...let's just hope there is enough rope to go around!

[nevzletnoegosydarst]

The government is lying to us, betraying us, they need to be brought to justice. What a shame. Country that screams to the World:"we are number One!" is slowly collapsing.

[drsnk]

This guy Schiff was one of very few who has been saying this for years. Jim Kramer was telling people to keep their money with Bear Stearns as lat as 3/11/08.

[libertea1776]

What's worse is congress has the constitutional authority to "coin" money - not print money - not create a new currency - and "regulate the value thereof" and they don't even do that ! Yes the mint makes some coins - then they sell their $50 one ounce gold coin for almost $1000 in federal reserve notes. That should give you a clue as to the worthlessness of the fed's fiat currency.

[tillo2008]

/watch?v=Cvx0_ILpI9I

The Fed's Days are numbered. Search for apr 15,2008 to learn more (aka tax day)

You don't need to travel to washington to make a change. Do your Part.

[TurboLoveTrain]

Preach it Peter--were buffalo being herded of the cliff by the FED.

[libertea1776]

The fed has NO RIGHT to print money. The FEDERAL GOV'T has NO RIGHT to pass a "Federal Reserve Act". "STATES shall make nothing but silver and gold legal tender" The Federal gov't has no right to make any currency AT ALL, that power is EXPLICITLY reserved to the states. Now go read amendments 9 and 10.

Everything that has occured to this point since the 1913 Theft Act, I mean Federal Reserve Act, has been 100% illegal and unconstitutional. Game, set, match.

[88skisupreme]

Forbes just did an ugly hit piece on Peter Schiff. He's right on with his analysis, and they are scared. BOYCOTT FORBES

[DetroitMurderCity]

You aren't making money with gold...You're preserving your wealth.

[arnejess]

"Bankers are politicians with printing machines.."

[MarcusFenix1974]

Gold sure sounds like a safe bet.

[gwho]

you can bash him, but im listening to him.

[geronimo1918]

Peter Schiff is one of Ron Paul's economic advisers. Watch out Washington!

[carnooba]

For insight into whatreallyhappened(dot)com

do a search for,

Zeitgeist The Movie

[DOLLARCRASH1984]

this current fiat "cheap" money is the #1blame for this current crisis.

Check the link in my channel if you want to see more Peter Schiff videos

[gwho]

interesting thing is lincoln instated fiat money, except that it was in the hands of american government - we didn't have to pay anyone any interest like we do to the fed now. what right does the fed have to print american money and collect interest on it?

more credit is infused into the economy through fractional reserve banking than the fed actually printing. i heard numbers like 95%.

[xciteful]

I've even read that a credit card application once returned to the bank that issues them, are treated and stamped as promissory notes (contract) and then they change the contract without your knowledge. This change enables the bank to then use the contract to create capital and lend it. The effect is more money out of thin air.

[gwho]

hah! wow, clever. yet so evil

the banks trying to maximize profits through interest which comes from lending, is what leads to all this. i guess thats the reasong behind the saying "debt = money/credit."

[jeffs123]

Support and vote for Ron Paul 2008 President!

[bearsagainstevil]

its only a matter of time before the dollar totally collapses , I like americans and Im very sad about whats likely to happen there.

paper money and everyone living high on credit, governments in massive debt and spending billions eventually it will lead to disaster

[mgilbo1]

No, we went off the gold standard in the 70's. Its been about 36 years.

[ExcelsiorA]

Gotta love truth to power!

I truly enjoy Peter Schiff's commentary as it simply makes sense.

When people explain stuff in terms you cant understand, there's two reasons why: 1) Lack of True understanding 2) Deceit

With Peter you get the message clearly and simply. Compare this to Alan Greenspan's replies to Congress. Which of the two does he fall under? Hmm.

Great job.

[aceyorba]

we you see the clerk at the corner liquor store trading/selling Gold.. that will be the top of Gold... This is what you found in the internet bubble..the clerk at the corner 7 eleven was trading tech stocks online while at work.

[Segtilt]

We went off the gold standard 30-some years ago? I thought it was more like 95 years.

[AdamSmith04]

FDR took us off the domesitc gold standard a long time ago. That is, he told Americans that they couldn't exchange their dollars for gold anymore because his government had printed money until it was almost worthless. Foreigners who held dollar could still get gold, though. Nixon ended this quasi-gold standard during the inflationary depression of the early 70s by refusing any exchange of dollars for gold.

[NSResponder]

"FDR took us off the domesitc gold standard a long time ago."

Yeah, and at the time nobody was even trying to stop him from imprisoning American citizens without charges for the crime of having Japanese ancestry. Wilson did a great deal of damage to the rule of law in this country, and FDR went far beyond anything that Wilson ever dreamed of trying to pull off.

-jcr

[ItsFazsha]

I am afraid that millions of U.S. citizens have invested in gold coins, and they will sell them and crash the gold market soon. Yes, all my friends riducule me because I don't have any gold. Yeah, right. Actually, the problem is just the opposite - no one has gold.

[swamimans]

hes right americans buy to much and dont have the money. u can invest in gold but u dont know how much gold people have in their houses which they can flood the market bringing gold down. if u invested in gold in the late 70s to early 80s i believe u would have lost ur shirt

[DOLLARCRASH2]

Late 70s early 80s was the end of the gold (commodities) bull market and the beginning of the bull markets in stocks.

the end of the millenium was the end of the bull market in stocks and the beginning of the commodity bull market.

remember, wealth in paper is fantasy

for a central bank the costs of making a $1 bill is the same as a $1000 bill.

its just a paper promise made out of paper and inkt

[zockpuppet]

Swamimans, hording gold coin and bullion is illegal. You're not even allowed to barter with gold under current law. And I disagree that you would have "lost your shirt". The gold is still worth exactly the same as it was in the 80s. The problem is that the dollar is worth less. If citizens were allowed to use gold as currency, you would see that those investors in the 80s hadn't lost anything.

[julebuggy]

exec order 6102 was lifted in 1971.

Do you think people like me would EVER listen to the government on such a law?

Black markets rock!

[TurboLoveTrain]

EO 11110-

[Rustyshackleford08]

Paper is still worthless technically. I doubt that many people have gold, most people I know never even dreamed of buying any.

[outlaw4freedom]

Why the hell not? Go grab some silver, its still relatively cheap! (~$20 an oz). In the next few years it'll be many times that!

[Rustyshackleford08]

I was saying that most people do not have gold or silver, I am buying what I can.

[DCUPtoejuice]

Schiff endorsed Paul

[laxmaster680]

As any smart economist would

[zdon25]

LOVE HIS BOOK.

[mediaboyz]

I'm reading his book right now also. He's great and I've been investing overseas only for some time now and reaping HUGE gains.

[BRETON1964]

peter schiff is a good prophet!

[JP5466]

So far, Peter has been dead on accurate.

[USconstitution1789]

Ron Paul is the ONLY presidential candidate who has discussed this problem in detail. All the others(rep/dem) are heading to the cliffs like lemmings. WAKE UP America.