You can be right on fundamentals but not have the liquidity to see fundamentals come to fruition. If US dollar collapses tomorrow, Schiff makes money...until that point, everyone else on that panel is makin money. CNBC - mixing traders and investors so they can bump heads and get ratings
Peter is just talking about common sense economic plays and these people seem to be just dumbfounded. It is funny to see the commentators sit there and try to make sense when they know they don't know what they are talking about. Whatever happens to someone's portfolio who is listening to these overpaid actors is their own fault and they should lose their money for being stupid. Peter is just stating facts wake up if you still have any money and listen to Peter. He predicted the crash, not them.
@QuasiConvexAnalysis You know I don't know what I'm talking about because of one comment? You are just trying to deflect the attention away from how stupid you are. Look at what the dollar has done and is doing since this video was posted Einstein. I love people who post stuff like you. I think they are called trolls. You should look up what troll means. You might see a picture of yourself or your mom, jackass. By the way what makes you think you know what you are talking about? Your fake degree
@LGZEE I do think Peter is right, but you must see this in perspective. Those commentators are on cnbc 5 days a week, okay. They are presenting the newest stock 'irregularities', not long term predictions. I think the channel is for speculators, not for long term investors. Correct me if I'm wrong, I don't know that much about cnbc, don't even know if I can get this channel in the Netherlands (sometimes in the morning it is showed on a different channel).
@QuasiConvexAnalysis This guy is a troll looking to instigate. He is a butt squirrel looking for a nut,lol. Find someone who gives a crap about your b.s. You haven't even earned one millionth what Shiff has and you say he's an idiot, duh. You are a turd that probably day trades in his Mom's basement with a 1995 Dell laptop that you got at the Goodwill. No one wants to know what you think or you would be making a killing in the "professional investing" market, jackass. Piss off.
It's an expression, sounds like your talking person2person, not anonymous youtube comments, I think it would be alright to have one place you can speak your mind. Projecting unresearched novice opinions and not facts to millions of viewers, many who may make decisions based on what the "smart" tv people say, in that case causes unmeasurable harm and the loss of people's money. I don't consider that worth respect. Why respect failure? It produces poor results and bad examples for younger people.
They need Peter on this show because none of the others know what they're blabbering about. NBC is being schooled by real teachers now, which is good for them and their audience.
Please explain why this is crap? It seems incredibly honest and simple to me. There is no free lunch. If you want to buy something, you need the resources to be able to pay for it. You can't spend your way into prosperity, so the government shouldn't reward spending... this all seems way too logical.
nothing in this world is honest and simple. you are looking at this equation from the perspective of right and wrong policies. we look at it from the perspective of cornering all the resources available for ourselves - all policies that allow us to do this via any means possible - are productive policies.
you see this as a nation that can be saved. we see this as a sinking ship and we want to take what we can for ourselves before it sinks.
i'm not white. and therefore obviously not a white supremacist. but i am a supporter of social darwinism and homogeneous race selection. therefore, i support the elimination of inferior ethnic groups so that more productive ones can have more resources.
yes, as it should be. the only point in contention there is what is the "base material" that is used in eugenics.
the US (and its economic failure) is a prime example of the socio-economic results arising from having a melting pot instead of a homogeneous population.
But actually, the First Cause, the one who created the universe and has no beginning, who created the concept of time itself, Jehovah, alone has authority to decide what is acceptable. Not humans.
Isaiah 43: 10, 11: "...I am the same One. Before me there was no God formed, and after me there continued to be none. 11 I—I am Jehovah, and besides me there is no savior.
Inferiority is an individual thing, not an ethnic thing. And sometimes its a skill specific thing--some people are more analytically blessed, others more intutitive.
Anyway, letting everyone be free to make themost of what they got is the best way to pursue eugenics, as those who make it can afford to raise more children while those who don't can't. Current welfare system does exact opposite. getting 14 kids on welfare supports a fine lifestyle, 2 on welfare is miserable
I'm not assuming that at all. If that were true, welfare reform would be futile. I am making the point that welfare rewards dependency, and creates an incentive to produce more dependents. As a health care provider,I see this on a weekly basis. No ivory tower theorizing here!
hey peasant, its you again trying to waste my precious time. don't worry, send me a private message and we'll remember to call you the next time we set up a charity bread line.
hello - err, i haven't mentioned anything about real estate or oversupply or high prices? what are you talking about? are you on crack yourself while posting? is it quality merchandise?
thanks for your worthless reply, crackface. they really should invent mongoloid scanning machines so that your mother would have found out that you were retarded before you were born. it would save society some resources.
Had there been a mongoloid machine, you, Obama, his supporters, Bernanke and so on would have been wiped out and this world would be a far better place. I say bring it on. This world could certainly use less garbage.
more like you and your mother. well, unlike you, she is worth something - i heard shes going for $1 per shot, so 1,100x will buy her a bar of gold, haha.
At least Peter schiff make this show a little bit more entertaining and interesting. It is much much better to listen to him and people of his kind than the usual market cheerleaders out there.
That guy at the end of the clip is delusional. He's actually taking the position that being a shareholder of Citibank is a good idea as the long term of chart (implosion) of CITI flashes on the screen.
Schiff is great on economics. Too bad he's also a war monger.
Schiff's stated position is that we should attack Iran (ie start a war) if we believe this sovereign nation is pursuing a nuclear weapons program. Using that logic, Schiff's next step would be to attack India, Pakistan, North Korea, Russia, UK, France, China and Israel.
By the way, which country has the most advanced nuclear weapons program, by far?
warmonger (noun) - a person who advocates, endorses, or tries to precipitate war
I can see how people would think Iran getting such would be different and warrant action in advance; though I think I'd disagree with Schiff on this one myself. But I think it still better to reserve the term for Neo-Cons, and their buddies on the left.
I like Ron Paul. But Lew Rockwell (who is gifted) overstates his position so much and condemns everyone so hard that he puts me off. It's all negative. Both Schiff and Lew should try to learn more from Paul.
Well, this could go back and forth. We probably agree a great deal, anyhow. For myself, I think trying to understand the real complexities of the world is a good thing--it tends to burn a little arrogance off the old hips! Continual blunt oversimplification, and heavy slating of all but those who hold 99%+ of one's own views, is not very winsome outside ones tight circle.
You must win a lot of friends with that attitude!
There's a difference, by the way, between seeking truth and merely adding to one's own prejudices.
Well, I'm an Austrian when it comes to economics and I disagree with Schiff on war with Iran! So I assume we agree a bit. If you want to change the thinking of your fellow countrymen, you'll have to learn to not slate everyone who fails to agree exactly with you! Listen to Ron Paul more, and learn from his manner as well as his arguments.
If you could read, you'd have noticed I said I disagreed with Schiff from the start. I was challenging your lack of proportion. Anyway, this will be my last as I had thought I was dealing with someone at least capable of mature thoughts. Good luck with winning people to your over-stated opinions.
Regardless of a few of the comments below - Peter Schiff has called this entire thing COLD!!!
Agree/Disagree he has been consistently right for the past decade - once his wisdom becomes mainstream, this country will be back on track!
Until then you need to only own companies that actually make stuff and are denominated in 'appreciating' currencies! Or put it in Gold/Silver if you don't know what else to do . . .
Problem is history tells us that boom and burst economics are planned and orchestrated by those in 'real' power - those who control our money - the banks. They do this to make money. Banks make money in boom times and in recessions. So Peter Schiff wisdom is mainstream knowledge in the banking sector.
I believe good old economic warfare is being played out between Europe and the US. The euro was a threat to the dollar (thefefore US world domination) and is now being destroyed.
LOL, it seems like the time for "HOW's?" and "WHAT's?" has come and go and the time for "WHEN's?" is looming in. Yes, as Peter points out it was back on '99 (dot com bubble) when something could have been done. Now 2010 this situation has snowballed to an unstoppable juggernaut, and it seems like the time for damage control is more upon us than anything else; start saving, stop spending, invest on infrastructure that will last longer and provide growth basis, and brace this one is going to hurt.
I think the light bulb is beginning to spark for Joe Terrani. It looked like he was actually comprehending the concepts Peter offered rather than reacting with the usual mocking.
too true...she is always condescending to him much like her other guests. i'd be like look bi***es, last time you laughed at me you all took a bath while I made out fine...maybe you should talk less and listen more.
And, if you save money, then obviously don't consume much. That means to companies, if they want to have profit they have to sell to non US hence US ppl save. And when you sell to foreigners you take their assets, and put it in US, imagine you take a brick og gold from French and build a power plant in US. Now imagine you take brick of gold from US citizen, and you make a power plant. Then for US it is not much, for US considiration you have same. You just transfer money from poor to more rich.
It is not "about balance", it is about NOT printing money at all. There is no central bank allowed by the US Constitution, and only gold and silver coin is allowed in the USA. In 1913, President Wilson and his backers helped usher in the Federal Reserve (illegal) and the income tax (should be repealed).
i will try. I think you are right about the economics. But in a Free Market, there is no government managed money supply to the economy. The United States Constitution forbids paper money issued by the government, both Federal (whole USA) and by individual States. "only gold and silver" can be legal. This is so that the government cannot manage the money supply. If we return to a free market, it will not be necessary to think about ways to "balance" or influence the economy by money supply.
Gouverment gave 700 billion dolars to banks and others, throught buying toxic assets and just giving them money I don't know exacly. But the point is, now budget is in deficit. There is too much money in ciruculation, if I give you 1 million for free, woul you hestitate to pay a slice of bread 1.2 instead 1 $. If you give everone 1 million, then everone would pay 1.2 $. Then you have inflation.
Banks got gouverment money, OIL, houses, GOLD, assets. foreign currencies are way above dollars value almost 50 % UP from 2001. I don't know what you mean with, money supply. But money supply is increasing. We just saw it with 700 billion dollar in banks.
I mean, that if we change the law, so that the government is not allowed to print money, then NONE OF THIS NONSENSE would be happening. The American government is not supposed to bail out. Not supposed to print money.
can anyone explain why @ 4.25 ish "...you have to have savings that's where economic growth comes from, that's where capital investment comes from..." how that works,i.e. Why do savings produce growth and capital..thx
@MEXBOL it's like what happens with dispensing credit to get a spread on the profit on repayment, BUT since savings are actually OWNED by someone, that person takes on more risk (in not being paid back) for lending and LESS risk on the other end (now having no one else to return money to). e.g. if I lend to you at 5% and I borrow from Bank-o-Smiles for 2% if you don't repay me then I also owe. If it's my savings I do not owe, but I do lose the unpaid remainder (this is more stable large-scale)
@MEXBOL people are more careful about money they worked hard for that's back-stopped by no one. People also can only lend out a certain amount leveraged more than backed assets (savings, even banks in theory did this until recently). Working purely from savings is 0% leverage. If I saved $100K and lent $1M then I'm 10:1 leveraged and I am in serious trouble if I end up owing even part of the 100K too soon, because now my 10x amount is unbacked... that's bad ;) That's also why a run on the
@MEXBOL run on the bank is bad for the bank. Makes them look irresponsible, not to mention broke, plus if your money went into their savings to which to lend, now your money is deadlocked from poor credit practices. This credit-unwinding and credit-interlocking trap doesn't happen when more savings are used.
banks pay interest on deposits, low interest rates dont attract savings, banks dont have as much money to lend, businesses that would borrow money to expand/ aquire competitors...grow, are not able to leverage.
@MEXBOL In order for banks to lend they need costumers to deposit money. When you save, you are basically lending to the bank and you are paid interest for doing so. When everyone is spending it is harder for banks to lend. When businesses cannot get loans to grow, less jobs are created, or worse they shed jobs
We mostly consume so we are not producing much, and when we can no longer go into debt to spend we cant buy anything being produced. no savings, no capital, no production, no jobs
Economy grows from producing and trading with others. To manufactures stuffs, You need funds for factory, labor, and machine. This funds come from saving or borrowing.
You can argue that we can just borrow money to invest but no one in his right mind would want to lend you a lot of money if you have no saving. Basically, saving indicates how responsible you are and thus one of the seeds for economic growth.
I am not from US first. From our perspective. US dollar is global currency for trading OIL. US is big enough to produce goods in own territory. That allows you to inflate dollar to make house price go up and making your products cheaper for non US. But afther while, dollar will not worth much, and everyone who owns it, will have less, but only if they buy foreign assets. Inflation is not a bad thing. It is bad thing in US now, hence it is made to bail out banks and make house price up.
It is about ballance, if you print money to make lenders lend it is bad deal. It is better to make peope save, so banks can lend that money. Then currency preserve its value. And to do that you have to make interest rates up. US can only do what is doing now, hence it can produce enough on own territory and OIL is traded in dollars. But atter while, no one would buy US gouverment bonds, hence for us non us, dollar loose value, and we dont get much in our currency.
In all honesty, this show fuckin sucks, these know-nothing schills suck; Peter is the only good thing about it when he's on. That's probably why he's going to be a regular guest now, lol.
if he was right, he would be a trillionaire instead of a small time mom and pop broker who has to go on tv and write books for a living. maybe you should wake up to the fact that uneducated peasants like yourself don't have the necessary brainpower to understand whats right and whats wrong.
cyclical bailing out doesn't ever solve an issue in the long term. "free" money isn't a solvent for issues. its better to take smaller 'minor' shocks rather than a prolonged bubble that blows up in everyone's face
I love the fact that everything Peter says is grounded in Austrian economic theory. Especially when he talks about savings and capital. And, now he will be on CNBC a couple of times a week. Keep it up Peter.
The damn market is so Rigged to Blow up when Reality comes it will be fun listening to them to Invest of on the Stock is Screaming, more like Screaming its way to Death. All I know I am not investing and investing in paying my debt off then living out of a saving account for most my life. If i have any extra cha ching I will donate it to a community charity since my community does alot more for me then all of these things on a so called Market! Most these companies have no ties to my community.
Instead of giving trillions to worthless money managers that produce NOTHING, the government should give the money to American companies research and development projects (e.g. fusion research, artificial intelligence, robotics, solar power etc.)
"They have very short time horizons and a lot of these guys - it's not even their money - so what do they care?" Peter Schiff, dropping science (for those not familiar with vintage hip-hop terminology, that is a good thing). I'm looking forward to seeing more of these classic exchanges in his new bi-weekly appearances on this show.
the only thing that could derail this market is bad railway system. That is why we need a New Deal for the high-speed railway infrastructure of America.
That's going to be tough for him to do. He's got to watch out for regulators. Since a lot of his investments are overseas and not on the U.S. stock market, most of his best recommendations wouldn't do the average investor much good anyways.
It really is a good thing Peter is a man of integrity. I'm sure he could step into that group and BS better then any of those guys/gals could ever dream. Fortunately, he wants to educate people and generally has the best interest of the people that are willing to listen to him in mind.
Austrian economists see whats happening. Keynesians are going to once again be blindsided by future events.
Someone give me some insight on this... could someone explain how they can promote these stocks on TV when they're shareholders? Is this not the definition of pump & dump? How can there not be a conflict of interest when you open up a segment to the "prop desk" by saying "he double down on Citi" and then he proceeds to tell you... GO AHEAD BUY NOW! I mean...seriously? Just cause it's on TV and it's not a penny stock in a pump & dump internet spam scheme, it's ok?
If the guy at the Prop desk was honest he would of said "My bankster buddies want you sheep to keep pumping your hard earned money into their useless businesses. We dont care if you lose it cause thats what wealth transfer is all about"
God peter just dominates these scrubs. I understand they are not all stupid and that they have to "tow the line" to keep their job but good lord man give me a break. Peter is a breath of fresh air because he keeps it simple and sticks to fundamental economic principles. Im surprised they even have him on since their goal is to cheerlead the official economic BS line. Must be desperate for ratings and viewers.
So, invest money in a company that will be bailed out in the future multiple times at the cost of the American taxpayer that is about to lose everything . . . if that is not evil I do not know what is.
@62636263c These guys on the show are short term traders. Peter is a long term trend investor. They will never agree, because their time horizons are so different. They can both be right within their time frame. The tortes and the hare.
The problem with that is the cost of living is relative to the wages. I'm not an economics person, but have seen the power of playing with supply and demand that been going on around here with jobs, real estate, and now food/water.
You cannot live in America for a couple dollars a day as you can in China/India and these CFR/Zionist/Freemason freaks have been creating hate groups and it's easy to guess why/how they will be used.
@okvideos5 It seems like a lower dollar would benefit america because of increased export competitiveness but it also hurts our standard of living more as everything is more expensive. For example, people say that once China's currency is depegged from the dollar it will rise too much causing them to lose their export competitveness but in fact it will unleash the purchasing power of the chinese overnight and their economy will take off over night. Per Peter Schiff
@thane17 if you were able to export from your nation, that might make a difference. My nation has natural resources in far easier reaches and yet we aren't manufacturing, we're selling out Canada. This is a huge mistake and all the citizens know it. We have no power left over corporations. We're all in deeep bull. That's the stinky kind, not the "yay markets are up kind"
END THE FED!!!
Tnat1on 1 year ago
This has been flagged as spam show
Tore Kristian Salomonsen psychopath
kampsportinstituttet.no/bilder/thumbnails/Bilde%20134.jpg
Clobalize 1 year ago
That stupid cunt ASKS him about gold and then mocks him. She needs to be bitchslapped. How many time does Schiff have to be right ???
beneehall 1 year ago
You can be right on fundamentals but not have the liquidity to see fundamentals come to fruition. If US dollar collapses tomorrow, Schiff makes money...until that point, everyone else on that panel is makin money. CNBC - mixing traders and investors so they can bump heads and get ratings
Duds47 1 year ago
wow i didn't know that anchor was such a bitch
EnnesX 1 year ago
Free LOTTERY taking place at this site - freelotteryformoney . com [New $100 CA$H winner every 3 days!]
ttechfs 1 year ago
Peter is just talking about common sense economic plays and these people seem to be just dumbfounded. It is funny to see the commentators sit there and try to make sense when they know they don't know what they are talking about. Whatever happens to someone's portfolio who is listening to these overpaid actors is their own fault and they should lose their money for being stupid. Peter is just stating facts wake up if you still have any money and listen to Peter. He predicted the crash, not them.
LGZEE 1 year ago 10
@LGZEE
you don't know what you are talking about yet you insist on posting your inane comments. so should we consider that funny too?
QuasiConvexAnalysis 1 year ago
@QuasiConvexAnalysis You know I don't know what I'm talking about because of one comment? You are just trying to deflect the attention away from how stupid you are. Look at what the dollar has done and is doing since this video was posted Einstein. I love people who post stuff like you. I think they are called trolls. You should look up what troll means. You might see a picture of yourself or your mom, jackass. By the way what makes you think you know what you are talking about? Your fake degree
LGZEE 1 year ago
@LGZEE I do think Peter is right, but you must see this in perspective. Those commentators are on cnbc 5 days a week, okay. They are presenting the newest stock 'irregularities', not long term predictions. I think the channel is for speculators, not for long term investors. Correct me if I'm wrong, I don't know that much about cnbc, don't even know if I can get this channel in the Netherlands (sometimes in the morning it is showed on a different channel).
bramcorleone 1 year ago
Fast and Free Money is what crashed our investments in 2008. Fast money, keep it. I don't like this show. Give me Kudlow and Peter Schiff.
synthman2000 1 year ago
Why is this show still on lol
EasyWolf31 1 year ago
@EasyWolf31
because its popular, and people like to watch professional investors make fun of idiots like peter schiff.
QuasiConvexAnalysis 1 year ago
@QuasiConvexAnalysis This guy is a troll looking to instigate. He is a butt squirrel looking for a nut,lol. Find someone who gives a crap about your b.s. You haven't even earned one millionth what Shiff has and you say he's an idiot, duh. You are a turd that probably day trades in his Mom's basement with a 1995 Dell laptop that you got at the Goodwill. No one wants to know what you think or you would be making a killing in the "professional investing" market, jackass. Piss off.
LGZEE 1 year ago
someone give the man a seat!
wunderbeast 1 year ago 5
I noticed that one dumbshit that argues with Peter isn't there anymore.
LetsGetItStartedNow 1 year ago
LOL SHE GOT OWNED @ 6:20
999silverrush 2 years ago
No offense, but everybody deserves respect, even though she may believe something that you disagree with.
TofCanada 1 year ago
It's an expression, sounds like your talking person2person, not anonymous youtube comments, I think it would be alright to have one place you can speak your mind. Projecting unresearched novice opinions and not facts to millions of viewers, many who may make decisions based on what the "smart" tv people say, in that case causes unmeasurable harm and the loss of people's money. I don't consider that worth respect. Why respect failure? It produces poor results and bad examples for younger people.
999silverrush 1 year ago
They need Peter on this show because none of the others know what they're blabbering about. NBC is being schooled by real teachers now, which is good for them and their audience.
Zile77 2 years ago
The truth hurts and as usual Peter Schiff is right.
Common sense vs institutionalized training (brainwashed)
Common sense will always win.
Aspano003 2 years ago
Please explain why this is crap? It seems incredibly honest and simple to me. There is no free lunch. If you want to buy something, you need the resources to be able to pay for it. You can't spend your way into prosperity, so the government shouldn't reward spending... this all seems way too logical.
DanielAllenRose 2 years ago
nothing in this world is honest and simple. you are looking at this equation from the perspective of right and wrong policies. we look at it from the perspective of cornering all the resources available for ourselves - all policies that allow us to do this via any means possible - are productive policies.
you see this as a nation that can be saved. we see this as a sinking ship and we want to take what we can for ourselves before it sinks.
from our perspective, this is very logical too.
trinomialtree 2 years ago
What's your screen name on Stormfront?
bobjman 1 year ago
i'm not white. and therefore obviously not a white supremacist. but i am a supporter of social darwinism and homogeneous race selection. therefore, i support the elimination of inferior ethnic groups so that more productive ones can have more resources.
trinomialtree 1 year ago
Sorry to interject, just a side-note:
'eugenics' was widely practiced in the world. Very notably in Germany, but also in many other countries, including Canada.
TofCanada 1 year ago
yes, as it should be. the only point in contention there is what is the "base material" that is used in eugenics.
the US (and its economic failure) is a prime example of the socio-economic results arising from having a melting pot instead of a homogeneous population.
trinomialtree 1 year ago
But actually, the First Cause, the one who created the universe and has no beginning, who created the concept of time itself, Jehovah, alone has authority to decide what is acceptable. Not humans.
TofCanada 1 year ago
Isaiah 43: 10, 11: "...I am the same One. Before me there was no God formed, and after me there continued to be none. 11 I—I am Jehovah, and besides me there is no savior.
TofCanada 1 year ago
We don't believe in false deities who look white ok. Whoever you are referring to, he is not my god and he didn't create my universe.
So take your religious psycho-babble elsewhere please.
trinomialtree 1 year ago
God was eaten by a dinosaur.
Telpeurion 1 year ago
Inferiority is an individual thing, not an ethnic thing. And sometimes its a skill specific thing--some people are more analytically blessed, others more intutitive.
Anyway, letting everyone be free to make themost of what they got is the best way to pursue eugenics, as those who make it can afford to raise more children while those who don't can't. Current welfare system does exact opposite. getting 14 kids on welfare supports a fine lifestyle, 2 on welfare is miserable
shizont 1 year ago
no, we prefer to make the choice for you. meaning that we will eliminate whichever ethnic group you belong to, as long as you are not one of us.
trinomialtree 1 year ago
your assuming people on welfare could not achieve anything in any given situation.
thats a bit of an overgeneralisation!
TheSophist2007 1 year ago
I'm not assuming that at all. If that were true, welfare reform would be futile. I am making the point that welfare rewards dependency, and creates an incentive to produce more dependents. As a health care provider,I see this on a weekly basis. No ivory tower theorizing here!
shizont 1 year ago
Peter Schiff could replace the entire panel. What a good show that would be!
On a side note, how interesting is it that Tim Seymour isn't in this vid?
shaunzane 2 years ago
great idea, then it would be "Slow Money" and you wouldn't see any returns until after you die.
its great that this investment idiot Schiff is now going to be ridiculed bi-weekly instead of just periodically.
trinomialtree 2 years ago
@intoeternity0329
haha.. i heard "bong land" too
shaunzane 2 years ago
"bond land"
evek2345 2 years ago
She totally said Bong land!! Hahaha sorry I find this hilarious.
IntoEternity0329 2 years ago
"bond land"
evek2345 2 years ago
LOL
Is it just me or at :13 seconds in did that chick say "In bong land, however"
IntoEternity0329 2 years ago
"bond land"
evek2345 2 years ago
peter schiff totally makes this show worth watching
labulldog5 2 years ago 2
Another dose of 24K pure golden common sense from Peter.
dlmaniac 2 years ago 2
another dose of 24K garbage from peter schiff.
if you think that advice from this guy is golden, then you are the one who needs some common sense.
trinomialtree 2 years ago
You again? Are you mentally ill or just paid for posting this crap?
MushroomCloud666 2 years ago
hey peasant, its you again trying to waste my precious time. don't worry, send me a private message and we'll remember to call you the next time we set up a charity bread line.
trinomialtree 2 years ago
So trinomialtree, you somehow have the magic to oversupply real estate and yet sell it at a ridiculous high price?
HAHAHAHAHAHA, time to put down whatever crack you are smoking and get a clue.
dlmaniac 2 years ago
hello - err, i haven't mentioned anything about real estate or oversupply or high prices? what are you talking about? are you on crack yourself while posting? is it quality merchandise?
trinomialtree 2 years ago
Then keep your worthless mouth shut about Schiff, dummy. People listen to him, instead of denial fools like you, b/c he tells like it is
dlmaniac 2 years ago
thanks for your worthless reply, crackface. they really should invent mongoloid scanning machines so that your mother would have found out that you were retarded before you were born. it would save society some resources.
trinomialtree 2 years ago
Had there been a mongoloid machine, you, Obama, his supporters, Bernanke and so on would have been wiped out and this world would be a far better place. I say bring it on. This world could certainly use less garbage.
dlmaniac 2 years ago
more like you and your mother. well, unlike you, she is worth something - i heard shes going for $1 per shot, so 1,100x will buy her a bar of gold, haha.
btw. are you a nigger?
trinomialtree 2 years ago
Hahaha that last guy is a dumb shit...has he ever heard of the term "moral hazard"?!?!
xpostal1289x 2 years ago
Housing fix.
The chinese has all the usa dollars,
So get them to send a few million chinese to buy the houses with the dollars you gave them for there cheap rubbish
keithholden 2 years ago
I stopped watching this show long time back....now I watch these jokers because of Peter Schiff! Hope I don't have to stop watching Peter Schiff!!
0musing 2 years ago
At least Peter schiff make this show a little bit more entertaining and interesting. It is much much better to listen to him and people of his kind than the usual market cheerleaders out there.
AFRIKTODAY 2 years ago
also, wow is that asian chick HAWT!
stoneeh 2 years ago
she is alright!!
AFRIKTODAY 2 years ago
this stuff is gold for "peter schiff was right 2.0 or 2.5 or 3.0"
stoneeh 2 years ago
Peter Schiff rules!!!
chuska8383 2 years ago
i lub petar chiff
wtfbroskie 2 years ago
Everyone get ready for World Bankruptcy! WOOOO!!
wachman 2 years ago
it's going to be great to have peter as a regular!
nogl0001 2 years ago
That guy at the end of the clip is delusional. He's actually taking the position that being a shareholder of Citibank is a good idea as the long term of chart (implosion) of CITI flashes on the screen.
Schiff is great on economics. Too bad he's also a war monger.
healthhavencom 2 years ago
Citi bank are in big trouble. The only thing keeping the company alive is the governments around the world propping it up.
But when there is no one to prop the governments up there will be trouble ahead.
bighands69 2 years ago
I think 'war-monger' is a bit strong for Schiff.
Huckleberrygrove 2 years ago
Yes. It is strong. But its also TRUE.
Schiff's stated position is that we should attack Iran (ie start a war) if we believe this sovereign nation is pursuing a nuclear weapons program. Using that logic, Schiff's next step would be to attack India, Pakistan, North Korea, Russia, UK, France, China and Israel.
By the way, which country has the most advanced nuclear weapons program, by far?
warmonger (noun) - a person who advocates, endorses, or tries to precipitate war
healthhavencom 2 years ago
I can see how people would think Iran getting such would be different and warrant action in advance; though I think I'd disagree with Schiff on this one myself. But I think it still better to reserve the term for Neo-Cons, and their buddies on the left.
I like Ron Paul. But Lew Rockwell (who is gifted) overstates his position so much and condemns everyone so hard that he puts me off. It's all negative. Both Schiff and Lew should try to learn more from Paul.
Huckleberrygrove 2 years ago
Huckleberrygrove wrote:
"I can see how people would think Iran getting such would be different and warrant action in advance"
Really? How do you see that?
healthhavencom 2 years ago
What a simple world you must live in!
Huckleberrygrove 2 years ago
Au contraire: What a confused world you have chosen to "see".
healthhavencom 2 years ago
Well, this could go back and forth. We probably agree a great deal, anyhow. For myself, I think trying to understand the real complexities of the world is a good thing--it tends to burn a little arrogance off the old hips! Continual blunt oversimplification, and heavy slating of all but those who hold 99%+ of one's own views, is not very winsome outside ones tight circle.
Huckleberrygrove 2 years ago
I pursue and state the truth. And you don't.
What makes you think we agree?
healthhavencom 2 years ago
You must win a lot of friends with that attitude!
There's a difference, by the way, between seeking truth and merely adding to one's own prejudices.
Well, I'm an Austrian when it comes to economics and I disagree with Schiff on war with Iran! So I assume we agree a bit. If you want to change the thinking of your fellow countrymen, you'll have to learn to not slate everyone who fails to agree exactly with you! Listen to Ron Paul more, and learn from his manner as well as his arguments.
Huckleberrygrove 1 year ago
You're posts are increasingly desperate.
You've gone from defending a warmonger to agreeing with the person who called him one.
Please continue. You're mildly entertaining at the very least.
healthhavencom 1 year ago
If you could read, you'd have noticed I said I disagreed with Schiff from the start. I was challenging your lack of proportion. Anyway, this will be my last as I had thought I was dealing with someone at least capable of mature thoughts. Good luck with winning people to your over-stated opinions.
Huckleberrygrove 1 year ago
Why stop now?
Aren't there any other warmongers that you wish to defend?
healthhavencom 1 year ago
Regardless of a few of the comments below - Peter Schiff has called this entire thing COLD!!!
Agree/Disagree he has been consistently right for the past decade - once his wisdom becomes mainstream, this country will be back on track!
Until then you need to only own companies that actually make stuff and are denominated in 'appreciating' currencies! Or put it in Gold/Silver if you don't know what else to do . . .
bwheeler83 2 years ago
@bwheeler83
Problem is history tells us that boom and burst economics are planned and orchestrated by those in 'real' power - those who control our money - the banks. They do this to make money. Banks make money in boom times and in recessions. So Peter Schiff wisdom is mainstream knowledge in the banking sector.
I believe good old economic warfare is being played out between Europe and the US. The euro was a threat to the dollar (thefefore US world domination) and is now being destroyed.
dazzagazza6969 2 years ago
LOL, it seems like the time for "HOW's?" and "WHAT's?" has come and go and the time for "WHEN's?" is looming in. Yes, as Peter points out it was back on '99 (dot com bubble) when something could have been done. Now 2010 this situation has snowballed to an unstoppable juggernaut, and it seems like the time for damage control is more upon us than anything else; start saving, stop spending, invest on infrastructure that will last longer and provide growth basis, and brace this one is going to hurt.
OSCARINACOSTA72 2 years ago
there is really no reason for any of these people to have jobs. this show blows and so does CNBC. time to move on with life
soundmoneyfan 2 years ago
I think the light bulb is beginning to spark for Joe Terrani. It looked like he was actually comprehending the concepts Peter offered rather than reacting with the usual mocking.
TheFisher706 2 years ago
Yeah ~!
secretarul 2 years ago
I hate that stupid azn lady, SHe is going to be a celebrity in Peter Schiff was Right NUmber Dos
MIT2004 2 years ago
too true...she is always condescending to him much like her other guests. i'd be like look bi***es, last time you laughed at me you all took a bath while I made out fine...maybe you should talk less and listen more.
umrmecheman 2 years ago
And, if you save money, then obviously don't consume much. That means to companies, if they want to have profit they have to sell to non US hence US ppl save. And when you sell to foreigners you take their assets, and put it in US, imagine you take a brick og gold from French and build a power plant in US. Now imagine you take brick of gold from US citizen, and you make a power plant. Then for US it is not much, for US considiration you have same. You just transfer money from poor to more rich.
KarelYalek 2 years ago
It is not "about balance", it is about NOT printing money at all. There is no central bank allowed by the US Constitution, and only gold and silver coin is allowed in the USA. In 1913, President Wilson and his backers helped usher in the Federal Reserve (illegal) and the income tax (should be repealed).
engine2truck6 2 years ago
I don't understand what are saying. Can you explain?
KarelYalek 2 years ago
i will try. I think you are right about the economics. But in a Free Market, there is no government managed money supply to the economy. The United States Constitution forbids paper money issued by the government, both Federal (whole USA) and by individual States. "only gold and silver" can be legal. This is so that the government cannot manage the money supply. If we return to a free market, it will not be necessary to think about ways to "balance" or influence the economy by money supply.
engine2truck6 2 years ago
@engine2truck6
Gouverment gave 700 billion dolars to banks and others, throught buying toxic assets and just giving them money I don't know exacly. But the point is, now budget is in deficit. There is too much money in ciruculation, if I give you 1 million for free, woul you hestitate to pay a slice of bread 1.2 instead 1 $. If you give everone 1 million, then everone would pay 1.2 $. Then you have inflation.
KarelYalek 2 years ago
@engine2truck6
Banks got gouverment money, OIL, houses, GOLD, assets. foreign currencies are way above dollars value almost 50 % UP from 2001. I don't know what you mean with, money supply. But money supply is increasing. We just saw it with 700 billion dollar in banks.
KarelYalek 2 years ago
I mean, that if we change the law, so that the government is not allowed to print money, then NONE OF THIS NONSENSE would be happening. The American government is not supposed to bail out. Not supposed to print money.
engine2truck6 2 years ago
What is wrong with gold? gold means money, means wealth.
SilverRose09 2 years ago
Peter makes these people look fooling. Their arguments are shallow and the arrogance offends me.
AmericanValues321 2 years ago 4
This has been flagged as spam show
Also...Peter often says "only when consumers start saving can business start investing and start hiring "
Why does it follow that if people save,business' will invest ? thx
MEXBOL 2 years ago
can anyone explain why @ 4.25 ish "...you have to have savings that's where economic growth comes from, that's where capital investment comes from..." how that works,i.e. Why do savings produce growth and capital..thx
MEXBOL 2 years ago
@MEXBOL it's like what happens with dispensing credit to get a spread on the profit on repayment, BUT since savings are actually OWNED by someone, that person takes on more risk (in not being paid back) for lending and LESS risk on the other end (now having no one else to return money to). e.g. if I lend to you at 5% and I borrow from Bank-o-Smiles for 2% if you don't repay me then I also owe. If it's my savings I do not owe, but I do lose the unpaid remainder (this is more stable large-scale)
ytgv3fc7 2 years ago
thx!
MEXBOL 2 years ago
@MEXBOL people are more careful about money they worked hard for that's back-stopped by no one. People also can only lend out a certain amount leveraged more than backed assets (savings, even banks in theory did this until recently). Working purely from savings is 0% leverage. If I saved $100K and lent $1M then I'm 10:1 leveraged and I am in serious trouble if I end up owing even part of the 100K too soon, because now my 10x amount is unbacked... that's bad ;) That's also why a run on the
ytgv3fc7 2 years ago
@MEXBOL run on the bank is bad for the bank. Makes them look irresponsible, not to mention broke, plus if your money went into their savings to which to lend, now your money is deadlocked from poor credit practices. This credit-unwinding and credit-interlocking trap doesn't happen when more savings are used.
ytgv3fc7 2 years ago
thx!
MEXBOL 2 years ago
banks pay interest on deposits, low interest rates dont attract savings, banks dont have as much money to lend, businesses that would borrow money to expand/ aquire competitors...grow, are not able to leverage.
userofnames 2 years ago
@MEXBOL In order for banks to lend they need costumers to deposit money. When you save, you are basically lending to the bank and you are paid interest for doing so. When everyone is spending it is harder for banks to lend. When businesses cannot get loans to grow, less jobs are created, or worse they shed jobs
We mostly consume so we are not producing much, and when we can no longer go into debt to spend we cant buy anything being produced. no savings, no capital, no production, no jobs
ih8ronpaulh8ers 2 years ago
thx
MEXBOL 2 years ago
Economy grows from producing and trading with others. To manufactures stuffs, You need funds for factory, labor, and machine. This funds come from saving or borrowing.
You can argue that we can just borrow money to invest but no one in his right mind would want to lend you a lot of money if you have no saving. Basically, saving indicates how responsible you are and thus one of the seeds for economic growth.
devilmirror1 2 years ago
@MEXBOL
I am not from US first. From our perspective. US dollar is global currency for trading OIL. US is big enough to produce goods in own territory. That allows you to inflate dollar to make house price go up and making your products cheaper for non US. But afther while, dollar will not worth much, and everyone who owns it, will have less, but only if they buy foreign assets. Inflation is not a bad thing. It is bad thing in US now, hence it is made to bail out banks and make house price up.
KarelYalek 2 years ago
@MEXBOL
It is about ballance, if you print money to make lenders lend it is bad deal. It is better to make peope save, so banks can lend that money. Then currency preserve its value. And to do that you have to make interest rates up. US can only do what is doing now, hence it can produce enough on own territory and OIL is traded in dollars. But atter while, no one would buy US gouverment bonds, hence for us non us, dollar loose value, and we dont get much in our currency.
KarelYalek 2 years ago
thx!
MEXBOL 2 years ago
Go Peter! You tell em.
Intervene 2 years ago
In all honesty, this show fuckin sucks, these know-nothing schills suck; Peter is the only good thing about it when he's on. That's probably why he's going to be a regular guest now, lol.
mistermayy 2 years ago
couldn't they give Peter a frikkin chair to sit on!
gnuochtapir 2 years ago 2
I think it's great that he's standing!
He looks like a school teacher lecturing his pupils.
I wish Peter was wrong, I really do, but he's not.
We're headed towards some really tough times and the majority of people are still not waking up to that fact.
madmaxit2 2 years ago 4
@madmaxit2
if he was right, he would be a trillionaire instead of a small time mom and pop broker who has to go on tv and write books for a living. maybe you should wake up to the fact that uneducated peasants like yourself don't have the necessary brainpower to understand whats right and whats wrong.
QuasiConvexAnalysis 1 year ago
@QuasiConvexAnalysis
So I take it that you're a "Trillionaire" ?
Sounds like things are going well in the UK mate!
madmaxit2 1 year ago
cyclical bailing out doesn't ever solve an issue in the long term. "free" money isn't a solvent for issues. its better to take smaller 'minor' shocks rather than a prolonged bubble that blows up in everyone's face
Kingdom007Hearts 2 years ago
I love the fact that everything Peter says is grounded in Austrian economic theory. Especially when he talks about savings and capital. And, now he will be on CNBC a couple of times a week. Keep it up Peter.
jaffijoe 2 years ago 4
Schiff regular guest, nice
pschiffforsenate 2 years ago 3
The damn market is so Rigged to Blow up when Reality comes it will be fun listening to them to Invest of on the Stock is Screaming, more like Screaming its way to Death. All I know I am not investing and investing in paying my debt off then living out of a saving account for most my life. If i have any extra cha ching I will donate it to a community charity since my community does alot more for me then all of these things on a so called Market! Most these companies have no ties to my community.
Budvb 2 years ago
its weird he is standing up right next to all of them sitting down
dengzhi 2 years ago
Instead of giving trillions to worthless money managers that produce NOTHING, the government should give the money to American companies research and development projects (e.g. fusion research, artificial intelligence, robotics, solar power etc.)
FinanceUS 2 years ago
Peter is just in an entire different league than the Fast Money gang.
It's like Einstein with Obama, Pelosi, Reid, Frank, Dodd, and Curly.
shouldlistentoronpau 2 years ago 2
"They have very short time horizons and a lot of these guys - it's not even their money - so what do they care?" Peter Schiff, dropping science (for those not familiar with vintage hip-hop terminology, that is a good thing). I'm looking forward to seeing more of these classic exchanges in his new bi-weekly appearances on this show.
mjhonsun 2 years ago
thanks for posting!
cankorgbr 2 years ago
the only thing that could derail this market is bad railway system. That is why we need a New Deal for the high-speed railway infrastructure of America.
sinitskyd 2 years ago
Ha ha! You're kidding right? Good one.
mjhonsun 2 years ago
Peter owns these fools.
justgetsome 2 years ago 2
hahaah, this was a good one
partyhouse88 2 years ago
that brian kelly dude is a clueless tool.
stealthpakfa 2 years ago 2
I don't know what Peter is going to say twice a week. I hope he starts recommending stocks.
stater68 2 years ago
That's going to be tough for him to do. He's got to watch out for regulators. Since a lot of his investments are overseas and not on the U.S. stock market, most of his best recommendations wouldn't do the average investor much good anyways.
mjhonsun 2 years ago
It really is a good thing Peter is a man of integrity. I'm sure he could step into that group and BS better then any of those guys/gals could ever dream. Fortunately, he wants to educate people and generally has the best interest of the people that are willing to listen to him in mind.
Austrian economists see whats happening. Keynesians are going to once again be blindsided by future events.
Talodus 2 years ago 2
Karen is totally fucking clueless!!
bajoverga 2 years ago 5
Very excited to read the announcement that Peter will be a regular guest on Fast Money! He does a remarkable job keeping those talking heads in line.
minnesotachris 2 years ago 7
Someone give me some insight on this... could someone explain how they can promote these stocks on TV when they're shareholders? Is this not the definition of pump & dump? How can there not be a conflict of interest when you open up a segment to the "prop desk" by saying "he double down on Citi" and then he proceeds to tell you... GO AHEAD BUY NOW! I mean...seriously? Just cause it's on TV and it's not a penny stock in a pump & dump internet spam scheme, it's ok?
njcarlos1 2 years ago 3
Great Point...It's all a BIG SCAM!
jarden69 2 years ago
Thanks for posting as always, all the best.
capcom101you 2 years ago 5
Peter you my man! R3VOLUTION is coming to America!!!!!!!!!!
LeifEiriksson 2 years ago 3
she could atleast get the name of his book correct. crash poof...not crash point.
itubeutude 2 years ago 4
in·teg·ri·ty
Pronunciation: \in-ˈte-grə-tē\
Function: noun
1 : firm adherence to a code of especially moral or artistic values : incorruptibility
2 : an unimpaired condition : soundness
3 : the quality or state of being complete or undivided : completeness
synonyms see honesty
Do you think any of these Fast Money clowns posses this quality?
Peter Schiff schools them 2x a week now...they must hate this!
NormanMoran 2 years ago 3
since Peter is a regular guest now, i guess those bozos will shut up one day, see twice they say they agree with him this time already
lisajason111 2 years ago 2
I wish Peter Schiff would bitch slap those bozos.
jhi1947 2 years ago 2
Citygroup would probably be a great deal short term, but long term its a disaster waiting to happen
Seano71 2 years ago 2
God bless Peter Schiff . I,m with you my brother !!!!
And for all of you STAY STRONG and prepare for REVOLUTION !!!!!!!!!!!!
FIP776 2 years ago 2
lol, why not invest in these stocks?
Us Gov is going to keep raping your kids into slavery, it's a no brainer right?
All that and you still have a fucking DOW at 10K which was at 10K in 2000!!!
Meanwhile the dollar lost 60% against the Canadian dollar during the last 10 years...
Seriously, everything is great and is going up up up....just don't try to measure agaisnt things you need or buy everyday and we are golden!!!
LMFAO...
doobsta 2 years ago 3
If the guy at the Prop desk was honest he would of said "My bankster buddies want you sheep to keep pumping your hard earned money into their useless businesses. We dont care if you lose it cause thats what wealth transfer is all about"
Thats what he would say if he was honest
NicosMind 2 years ago 2
I am glad that people are actually starting to listen and have something of a real conversation on this show especially while Peter Schiff is there.
chiyerano 2 years ago
God peter just dominates these scrubs. I understand they are not all stupid and that they have to "tow the line" to keep their job but good lord man give me a break. Peter is a breath of fresh air because he keeps it simple and sticks to fundamental economic principles. Im surprised they even have him on since their goal is to cheerlead the official economic BS line. Must be desperate for ratings and viewers.
TheVigilantPatriot 2 years ago
Thank you for posting this so quickly!
shoeman3434 2 years ago
So, invest money in a company that will be bailed out in the future multiple times at the cost of the American taxpayer that is about to lose everything . . . if that is not evil I do not know what is.
Tasadaru 2 years ago 5
You are comparing apples to oranges buy putting Peter on Fast Money.
62636263c 2 years ago
@62636263c These guys on the show are short term traders. Peter is a long term trend investor. They will never agree, because their time horizons are so different. They can both be right within their time frame. The tortes and the hare.
62636263c 2 years ago 2
I subscribe to that view over the whole NWO conspiracy nonsense.
Seano71 2 years ago
@Seano71
everything is a conspiracy buddy.
stealthpakfa 2 years ago 2
Nonsense huh?
How utterly brainless!
Burningphoenix888 2 years ago
YOUVE BEEN SCHIFFED!
seks03 2 years ago 6
I would like CNBC to replace these 5 pumpkins with 1 Peter Schiff.
BlueSkies360 2 years ago 4
"the stock is screaming" I would of said , "yeah it screamed from 60 to 3"
dave997 2 years ago
What Could Derail The Rally?...A Major Calif. Earthquake that wipes out a few medium size Insurance companies and 1 big one and or Long Beach .
ubuibiok 2 years ago
You know this thing is picking up speed when these people actually listen to Schiff instead of just laughing at him.
MockeryMadeEasy 2 years ago 2
Why not level the playing field for American workers having to "compete" with offshored cheap/slave labor?
No real plan for American workers, only faux "plans" designed to loot the economy and currency.
UnoRaza 2 years ago
Wouldn't the dollar dropping in value, greatly level the playing field allowing Americans increase exports and compete in the world economy?
okvideos5 2 years ago
Yes, naturally.
The problem with that is the cost of living is relative to the wages. I'm not an economics person, but have seen the power of playing with supply and demand that been going on around here with jobs, real estate, and now food/water.
You cannot live in America for a couple dollars a day as you can in China/India and these CFR/Zionist/Freemason freaks have been creating hate groups and it's easy to guess why/how they will be used.
More "FALSE FLAG" attacks based on race.
UnoRaza 2 years ago
@okvideos5 It seems like a lower dollar would benefit america because of increased export competitiveness but it also hurts our standard of living more as everything is more expensive. For example, people say that once China's currency is depegged from the dollar it will rise too much causing them to lose their export competitveness but in fact it will unleash the purchasing power of the chinese overnight and their economy will take off over night. Per Peter Schiff
thane17 2 years ago
@thane17 if you were able to export from your nation, that might make a difference. My nation has natural resources in far easier reaches and yet we aren't manufacturing, we're selling out Canada. This is a huge mistake and all the citizens know it. We have no power left over corporations. We're all in deeep bull. That's the stinky kind, not the "yay markets are up kind"
ytgv3fc7 2 years ago
get schiff a chair!
Jaja154 2 years ago 6
those guys don't have the balls to make faces at him when he's there in person.
cayman187 2 years ago 4