Funny how the "stock/economic experts" no longer laugh at Schiff as they did back in 2005/6/7 ...since the recession that Schiff predicted they all listen to him intently and don't sit there and act cocky /arrogant about Keynesian economic theories they were taught in college. Keynesian theory has been debunked soundly in the past 5 years , its failure a result of its use over the past THIRTY years can no longer be ignored. Schiff has been right all along ... "experts" just now listen
Another Peter Schiff analogy - The Fed knows the QE isn't the training wheels its the ONLY wheels but the problem is we are bicycling towards the edge of a cliff we need to get those wheels off !!
Just to let anyone know who has ears to hear with. The entire Futures market is a scam, it doesn't really "trade", rather it's controlled by a supercomputer. Another words the direction is controlled by a computer and not by the dynamics of "buying" and "selling". This is a 100% positive FACT, and my Advanced Videos PROVE this FACT beyond any shadow of any doubt whatsoever! If any of you want to learn the truth, come over to my website "Oil Trading Academy"
See how they shake their pea brain heads at peter but dont come back with an answer. Deluding themselves that the fed and government will sort it out when theyre making it worse. Good luck america serious yous are in trouble.
I love how for the last what 5-6-7 years Peter Schiff has made this predictions and all the other "pundits" just laugh at him. Look at 2:43-2:45. How many times do you have to be right before all the experts well actually listen to him??
@KrugmanTheCharlatan well, it will escape me again tomorrow... but please DON'T remind me again - my brain is overloaded with shit names like krugman, cramer (ger. kramer - salesman), keynes...
Michael Pento (May 31, 2011, Yahoo Finance Dialy Ticker, Central Bankruptcy - Why QE3 is Inevitable) "the Fed will find the training wheels where the entire bicycle, and it's going over a cliff" Hmmm.. I'm sure I heard this somewhere before! ;D
Does anyone actually watch "Fast Money" and take their advice? Anyone who does has to be broke! I only watch when Peter is on, and they still shake their heads. What bunch of nimrods.
@Erazmus72 I agree with you about Fast Money. Those guys are a bunch of jokes. Peter schiff tells it like it is and The fast Money guys had no response for him. Schiff is one of the few people that predicted the housing bubble and the metals explosion.. Schiff rules
The dollar " might" strengthen" quite a bit this summer and the markets will tumble. This will be used as an opportunity for the fed to announce QE3! The difference heretofore is that gold and silver will resist the pull back quite a bit; falling a little but certainly not crashing as some people expect.
This asshole at 2:46 is looking like he knows ANYTHING compared to Schiff. Honestly I don't get how at this point everyone isn't blindly following Schiff as the guy simply DOES NOT MAKE MISTAKES.
I would have called him on to the floor with that idiotic comment that the economy is recovering. they keep trying to get in their "paid for" talking points that the economy is recovering. Febuary jobless claims and employment report at 2008 monthly levels should have clued EVERYONE in the country in, that we are not in recovery. It's just that the gov't removes those who cannot claim unemployment from their reports, hence the lower unemployment rate. VOILA!! NO recovery.
It's not so much Schiff appearing like a financial Einstein, it's people running the financial space are totally discredited w/ its propped-up shell game that's coming to a close.
That panel still don't get it. I've got NZ$'s, I wouldn't have even thought of buying them had I not read The Little Book of Bull Moves in Bear Markets.
@a4finger That wasn't a Shiff analogy, it was a celente analogy. If you really like the analogies check out the geraldcelentechannel - every interview he has is packed with amazing ones
It is easier for China to save the Euro. (the currency of there largest trading partner) The only thing they have to do is to keep Portugal, Spain, Ireland and Greece heads above water versus the entire US economy with the USD. And the trade bennefit they get from that is much larger than what they throw in.
Peter has been saying the same things for YEARS and he's always right!!! Look at his book CrashPproof from years back. Like he says QE is not the training wheels- it's the only wheels - but the bicycle is heading towards a cliff. Now tell me - do these presstitutes really not get it after all these years? ?
Withdraw your money and close NWO bankster account, for bill paying; use your credit union or small local bank (with no ties to JP Morgue, Gold n’ Sacks, Wells Fargo, Citi, BOA).
Savings: Sell unnecessary crap for fiat paper & trade it for real physical silver and gold
Let them eat their own fiat paper, collapse the police state by defunding their paychecks
Why get a bloody head or watch your girlfriend get shot by a sniper.
A word about China's phoney economy that Peter does not discuss.
China has been trading its slave labor to the world for technology. Their cheap manufacturing is based LITERALLY on slave labor, which also allows China to devalue their currency. China's economy is just as phoney as the US's easy money economy. Neither could exist without the other one.
China got the better long term deal (modernization) and America took the short term deal (cheap goods). The Elite won on both sides.
@666sigma I have many disagreements with your thesis but will point out a few. Chinese laborers are indeed very poor but are NOT slave labor. Wages have been on the rise since the breakup from socialism and devaluation has not completely offset the incentives to work hard and save money. I also don't agree with the belief that the two economies are interdependent. As Schiff has repeatedly discussed, the Chinese will consume their OWN production if it allows the US to go broke by selling T-bills.
You are entitled to your opinion, but if you don't think that China has modernized their country on the backs of their slave labor, you are blind. China, today' is like Upton Sinclair's "The Jungle". The Chiness government has brutally enforced the will of the corporations and manufacturers. In that regard, it is still more like communist China.
The West has whored itself to slave labor. It is arbitrage against the labor unions.
@666sigma "brutally enforced the will of the corporations and manufacturers." How? If by the traditional cronyism of discriminatory granting of permits, subsidies, and anti-competitive regulations then YES. But I wouldn't go as far as to call that slave labor. Slave labor means you cannot quit. Chinese workers can quit, and even if they have few employment options, the fact remains that the market has been liberated enough to have more freedom of work and higher living standards.
@666sigma I haven't read your thread, just this comment. Your error is in missing that slave labor in China will give rise to a Chinese middle class which will create their own union-like structures and won't accept continually lower wages. China cannot afford to turn their backs on their emergent middle class for the sake of their endless number of poor. And so the eventual new worldwide homeostasis will come into balance. Your US-centrism is busted; broken. Live with it. Schiff's a salesman.
You are right. You did not read my comments. Where did I say any of that, dumb ass! Your anti-Americanism is busted because you jumped to conclusions. To be clear, we live in a 4 dimensional world where time is very important. It will be difficult to bring those jobs back once they have been lost to slave. We are likely decades away from this happening. In the meantime, the Western Elite and dumb Walmart class sold out for cheap Chinese labor in the short run.
If China's economy were not phoney, why don't they decouple now? Their people will enjoy greater purchasing and a better standard of living. The cost to import oil and other raw materials needed for manufacuring will also drop.
I will give you the answer, but let's see if you can put that 6th grade public school education to work for you. I went to see how my tax dollars are being spent.
@666sigma It's because China owns a lot of US dollars. Decoupling would mean a major loss in investment of US treasuries. But it's slowly happening. Be patient.
You told me what, not why. Shit, part of the answer is in my comments. Besides, let the idiot answer the question. I want him to broadcast his ignorance a little more.
@666sigma My description is a description. Deciding that A description is anti-American is ignorant. My "jump to conclusions" is based on the same dynamic as occurred in the US, as occurred in all developed countries. You understand the word "homeostasis"? It is dependent on supply and demand, and as the pie gets bigger, the ultimate median wage will settle at some level, possibly slightly lower, possibly slightly higher, but unlikely at some drastically different wage. Yes, it'll take decades.
@666sigma In the meanwhile, your posts expose your lack of concern for what you call the "slaves" in your "slave labor". Your true concern is solely for your tribe of Americans. Call it what it is. You pose your issue as if you care about the "slaves", and if you do, then their human existence matters equally to Americans. If not, can you blame them and their American descendants from helping to accelerate the world-wide economy via the accelerating commoditization of the internet?
@666sigma And last, the technologies of industrialization, supply-chain management, and the internet created the incentives for all businesses big and small everywhere on the planet to create the world-wide economy. The idea of protectionism in such an atmosphere is and was laughable. We'd have sunk ourselves all the faster. When an engineer in India does the job for 1/7th the pay of an American, it's a brand new world. You cannot escape this. You errantly make it about nationalism.
I love how you argue against points that I never made. But your text book response is quite laughable. You are one of the sheep. The next time I want an opinion from you, I will give it to you.
@666sigma Deflecting by attempting to minimize me as a "sheep" is a window into you; it just blocks what all can see as naked vulnerability. Vulnerability is fine; it just means you are open to learning. My response was my thinking; if it exists in a textbook, I can only assume that the writer used the same clear logic as me. Meanwhile, my logic stands as the last word in our "non-discussion". You changed the subject of this exchange to that of your defensiveness.
@2100v Exactly. That not only is the reality, it is the plan. Americans make less income, but industry becomes more feasible to be built here and jobs head back this way. Lower standard of living, more jobs. Fighting this tide is noble if not required, but the inevitable "world economy" which comes with technology's evolution makes this leveling process the primary force. Ideological whining is just attempts to get more scraps than the other guy who is losing as well.
She used to love attacking and laughing at Peter's advice and explanations. She isn't laughing any more.
She is a typical liberal journalist educated on left wing Keynesian only economics. It is like arguing the scientific falacies in the bible with a born again Christian. They only know the facts that they were taught. Proof and/or common sense don't apply.
However, Peter is always great in explaining his positions in simple terms/analogies that laymen can understand.
Actually, this group Fast Money group was still laughing at Peter post crash because gold and silver were falling and his investment advice was no better than Wall Street's in 2008. But he correctly predicted that the flight to quality post crash (US dollar and treasuries) was based on old habits and would reverse. He was right and his investment advice has, once again, been correct in 2009-2011. They seemed to start listening and stop laughing about a year ago.
I appreciate Americans don't like Peter. Sadly Defence is the biggest Export the US seems to have now - each man woman and child paying $2500 USD per year into Defence. Add to this your baby boomer population is screaming into retirement. The snowballing effect of the Fed Reserve PONZI scheme is taking a very subtle but hideous path into the tunnel of derailed trains. Democracy is your biggest export. OBAMA now very keen to run democracy into Mid East - Because you need oil to hold onto what was
@KrugmanTheCharlatan yeah, plastic piece of shit. He knows more about mascara and thongs then economics. Utterly oblivious. He can point that smirk at some fat homo's ass! Might have a better chance of success.
Schiff has understood what is coming for years, so has Ron Paul, neither have deviated from their statements as compared to politicians who constantly flip-flop. So I'm listening to Schiff and voting for Ron Paul. We either search for truth or live a lie.
Bitcoins are outperforming EVERYTHING - even precious metals. Why don't these dummies talk about the 1000% increase that the new currency has had in the last month?
I think China is making a good bet. Risky debt has a higher payoff and they know the EU will bail out Portugal, so it's a sure thing. I'm also sure they used their USD to purchase the debt, which lowers their exposure to the USD, which just hit a 2 month low, and has no reason to go back up.
let me translate those 10 pages of disclaimer at the end.
"the hosts of the show as well as cncbc nbc at their parent companies, are financially uneducated clueless morons and if you follow our advice you´re probably too dumb to be investing anyway"
Yeah, I love the look on Tim's face when Peter is telling him why our bonds are not being bought by China. I can't wait to see the look on his face when our yields are north of 15% or more.
@KrugmanTheCharlatan and at 2:49, the scruffy head who hasn't slept being dead serious cos he knows peter's right and has been pumping silver as of late
@Myaucat There are no fans. I see a cult. It does not matter what...shit schiff spouts..the clan accepts the fantacy as fact. Note how the cult sees the sun shining out Sciff's butt, but the others in the video are described as "paid bookends" etc. Sort of reminds us of the guru that asks his flock to distrust everyone, hand over your worldly goods and follow blindly. Are you one of those?
@dscoleri Sure you have. I believe you. Cult members tend to also be conspiracy theorists and therefore taken in by any anti government/anti Fed scheme and then their fear of the government and banks generally makes them cash horders (if they have any at all) and not investors. Concerning income, I was retired at 45. How about you? Since then I do what I want, when I want and live off income earning Canadian resource stock. I think independantly and not under the influence of a guru/scammer.
@lizardgizard2002 "Sort of reminds us of the guru that asks his flock to distrust everyone, hand over your worldly goods and follow blindly." Ah hahahahahaha. I'm one of the ones that made a shit load of money on Peters predictions. Then again, I follow Austrian economics and would have made it anyway. Sorry. No matter how you spin this you are going to have egg on your face.
@cowboy1165 Sure you did. So you believed him when he said yellow rocks would be worth $5000 "soon" a few years ago. Sucker! My guess is that you are a conspiracy theorist too, that you hate the government, fear the government , are one of the poor folk that agree with the policies of the rich libertarians to your own detriment. And that is all because you are scared of the future, right where the right wing Schiftys want you to be. Enjoy!
@lizardgizard2002 ....Most libertarians are not rich (like myself) but understand that economic liberty is the same as civil liberty. Also, I am scared of big government and don't trust most politicians. Don't be mad at us because we educated ourselves, produced our own opinions and understand who controls our money supply.
@petiemac24 You are not educationg yourself, you are being manipulated. In order for the elite business, bank and rich to capture more income they have to convert middle class and poor folk to Libertarian and big business ideas. Buddy, all I ask is that you think about these things independantly.
@lizardgizard2002 Soon has not gotten here yet. (It's predictable behavior, but not to exact timing.) I know what happens to yellow and silvery rocks when the dollar tanks...Ooooh and look, I've got a bunch. But I can see you will be listening to your representatives spin how things will get better. Keep holding on to worthless paper. Be assured your overlords are working on the problem.
Conspiracy theorist, right wing Schiftys, rich libertarians...hahahaha, You must really like egg. Good luck
@cowboy1165 I do not listen to anyone, I think independantly. You are free to follow your guru. Although by your comment I assume that you are simply a conspiracy theorist afraid of the unknown and of government. In other words ...you are lost.
@lizardgizard2002 it's your prerogative to 'see' things how you wish.. and everyone else has that same prerogative.. don't you think? but just because we 'see' things a certain way, it doesn't necessarily mean that they really *are* that way.
@lizardgizard2002 i don't believe in gurus or scammers. i put the puzzle pieces together myself to see the bigger picture. and not everything is in satisfactory condition just because government officials and authority figures say it is.
@lizardgizard2002 Did the Peter Schiff Channel part through you off? That's OK you fall into the cult of many that laughed at the astronomer for concluding the Earth revolved around the Sun, and not the other way around.
@cowboy1165 Sorry, it is kooks and right wing religious freaks like yourself that continue to believe the world is flat and that Libertarian fantacy is reality.
@lizardgizard2002 ...I am not right wing, Republican or religious. I do agree that there should be a free market economy, limited government and a return to the Constitution.
@petiemac24 Yea, yea, yea. and that is where delusionalism comes in. There is no going back. People in power seek more power. Even Schiff is beginning to attack his compitition and lets his youtube power go to his head. There will never be a true free market system so stop living the fantacy. If you are not republican, a teaparty member or religious then you should be intelligent enough to know that it is insanity to support and follow fantacy.
@lizardgizard2002 ...That's why the Constitution puts checks and balances in place, to limit the power of any branch. If we don't return to a free market system, we will never experience the prosperity and growth that made this nation great. I will never give up and that what separates people like you and I. I am a Ron Paul Tea Party member and believe that only fantasy is thinking that printing money can fix our problems.
I have courage, integrity and honor; three things that make a man great
@petiemac24 I will not try to convince you further. You will have to learn by experience. Just consider that there will be no returning to a free market system. Ron Paul will not be allowed to run against Obama. Fox and the Republicans will always put a stop to Libertarian and tea party asperations. You may have good qualities but you lack the ability to think independantly and that may be your downfall in the future. Anyway, have a good week.
@lizardgizard2002 "kooks and right wing religious freaks like yourself that continue to believe the world is flat" What part are you just not getting? It's Libertarians that are calling the problems before they happen, and giving reasonable course corrections. That's twice you spelled it fantacy. One more time and I will actually feel bad for having fun with you.
@cowboy1165 Your comments are always hidden and marked as "spam", I guess someone knows you well. I would agree that your comments are "spam",maybe "crap" is more descriptive. So I spelled a word incorrectly, should I go back and criticize your spelling and grammar? I would not because to do so is infantile. I will let you continue to be infant-like. Libertarians identify nor resolve anything. They are stuck in the past. Libertarians are wrong about history, economics and political reality.
@lizardgizard2002 If my comments are hidden and marked as "spam" it is usually by liberals, progressives and so-called independents that enjoy their serfdom and believe what their overlords have spoon fed them. I only criticized your hypocrisy, I could care less about your spelling.(go back and read your posts.) As for the the debate on future events...only time will tell, and I have history on my side.
All these folks on the bench are just paid bookends. They can't agree with Peter because they have leveraged mortgages themselves and little timmy needs a new swimming pool. They would be fired in a second. Listen to them..."so what do ya think Peter?" "whats happening Peter?" What a bunch of spineless, 401k contributing, suburban living, $700.00 car lease, take out eating, dick wad, can't think for myself, Saturday nite love making ass holes.
this is one of the first times I've seen the Fast Money crew listen to Peter without interrupting him or attempting to cut him down. Significant? Perhaps they are starting to take his opinions more seriously
You can see the pwned stare starting at 2:40. He started stuttering at 2:05 like a retard and couldnt face Peter at first. He knew Peter was going to gracefully peel him off the pavement. If that wasnt petty jealousness, Then what do you call that?
@rudemood2011 I think as soon as Peter's perdictions come to pass as truth, you will get your wish. By then Melissa and Karen making out will be the only thing keeping this economic calamity on the air.
they can't HANDLE the truth! :)) go Peter!!!!
Rawego 7 months ago
there's 4 federal reserve, NWO, Council of Foreign Relations members on youtube tonight.
beallendall08 7 months ago
Dude laughing at 2:47 needs to just sit there and worship Peter Schiff as his daddy, because Peter made that dude his BITCH!
TheManiacalSatanist6 7 months ago
Funny how the "stock/economic experts" no longer laugh at Schiff as they did back in 2005/6/7 ...since the recession that Schiff predicted they all listen to him intently and don't sit there and act cocky /arrogant about Keynesian economic theories they were taught in college. Keynesian theory has been debunked soundly in the past 5 years , its failure a result of its use over the past THIRTY years can no longer be ignored. Schiff has been right all along ... "experts" just now listen
Wonglow 7 months ago
Another Peter Schiff analogy - The Fed knows the QE isn't the training wheels its the ONLY wheels but the problem is we are bicycling towards the edge of a cliff we need to get those wheels off !!
indigohealer80 7 months ago
They can't even offer Peter a Chair? I have never seen a guest stand and talk in an interview before!
indigohealer80 7 months ago
@indigohealer80
He is staying because he is teaching them
Bosniake 7 months ago
Just to let anyone know who has ears to hear with. The entire Futures market is a scam, it doesn't really "trade", rather it's controlled by a supercomputer. Another words the direction is controlled by a computer and not by the dynamics of "buying" and "selling". This is a 100% positive FACT, and my Advanced Videos PROVE this FACT beyond any shadow of any doubt whatsoever! If any of you want to learn the truth, come over to my website "Oil Trading Academy"
baningkoy 8 months ago
See how they shake their pea brain heads at peter but dont come back with an answer. Deluding themselves that the fed and government will sort it out when theyre making it worse. Good luck america serious yous are in trouble.
life0is0just0a0ride 8 months ago
this chink lips are good for my xxxx
bigheart270 8 months ago
I love how for the last what 5-6-7 years Peter Schiff has made this predictions and all the other "pundits" just laugh at him. Look at 2:43-2:45. How many times do you have to be right before all the experts well actually listen to him??
oncehadacoolname 8 months ago
2:47 Phony economy?! What do you mean?
ltm0011 9 months ago
Is America the old Roman Empire running out of steam?
cruiseon 9 months ago 5
@cruiseon Yep...
KellLynch 9 months ago
THIS GUY IS A LEGEND
Mattothee 9 months ago 2
of course they have to laugh at peter... he is saying everything the owners of the network don't want you to believe
unknowndj11 9 months ago
china can make their own steel..why? would they pay 4 our steel?..
chadberry75 9 months ago
Whenever people laugh at Peter Schiff... Listen up!
tedfreeway 9 months ago 2
bull shit
Bigandheavyweight 9 months ago
give that great man a chair..
vishl01 9 months ago
PEter always has hilarious analogies
mikemcdonald113 9 months ago
Peter always has hilarious analogies..
mikemcdonald113 9 months ago
Only fools laugh AT Peter Schiff.
2100v 9 months ago
@KrugmanTheCharlatan well, it will escape me again tomorrow... but please DON'T remind me again - my brain is overloaded with shit names like krugman, cramer (ger. kramer - salesman), keynes...
Uhhh - gona vom... ;-)
grraadd 9 months ago
Michael Pento (May 31, 2011, Yahoo Finance Dialy Ticker, Central Bankruptcy - Why QE3 is Inevitable) "the Fed will find the training wheels where the entire bicycle, and it's going over a cliff" Hmmm.. I'm sure I heard this somewhere before! ;D
sang3Eta 9 months ago
Does anyone actually watch "Fast Money" and take their advice? Anyone who does has to be broke! I only watch when Peter is on, and they still shake their heads. What bunch of nimrods.
Erazmus72 9 months ago
@Erazmus72 I agree with you about Fast Money. Those guys are a bunch of jokes. Peter schiff tells it like it is and The fast Money guys had no response for him. Schiff is one of the few people that predicted the housing bubble and the metals explosion.. Schiff rules
Creech786 9 months ago
The dollar " might" strengthen" quite a bit this summer and the markets will tumble. This will be used as an opportunity for the fed to announce QE3! The difference heretofore is that gold and silver will resist the pull back quite a bit; falling a little but certainly not crashing as some people expect.
AFRIKTODAY 9 months ago
"The training wheels are the only wheels.... and we are heading towards the edge of a cliff...."
couldn't help but laugh when he said this.
heavyarms117 9 months ago
CNBC Tards Money vs Smart money (peter)
MrBigpopo 9 months ago
Peter versus the 'tards!
FGTBOGSAT 9 months ago 4
2:46- That is one smug laugh.
qwertypoiu4321 9 months ago
I see another Peter Schiff was right video with that kid shaking his head.
davincij15 9 months ago
@davincij15 xactly
getvar 9 months ago
I just love the way he uses analogies to get his point across...
stunz09 9 months ago
This asshole at 2:46 is looking like he knows ANYTHING compared to Schiff. Honestly I don't get how at this point everyone isn't blindly following Schiff as the guy simply DOES NOT MAKE MISTAKES.
JJaouli1 9 months ago
hahahahahahaha how these people have changed... less than a year ago they were laughing at Peter and now they are been schooled by him.
mystico09 9 months ago
The communist party prefers WORK above all else. If you dont work your as of you are not worth living.
pcuimac 9 months ago
@pcuimac - The communist party prefers submission above work.
RicPhlare 9 months ago
peter schiff owns!
TheBlitz1 9 months ago
Are you sure Peter's not a hologram? Sometimes he looks funny
silentmajor 9 months ago
All this talk about China and Japan etc. They are all in their 60s - The discussion should be about what is going to happen at the retirement homes.
dixcreative 9 months ago
I would have called him on to the floor with that idiotic comment that the economy is recovering. they keep trying to get in their "paid for" talking points that the economy is recovering. Febuary jobless claims and employment report at 2008 monthly levels should have clued EVERYONE in the country in, that we are not in recovery. It's just that the gov't removes those who cannot claim unemployment from their reports, hence the lower unemployment rate. VOILA!! NO recovery.
shakaama 9 months ago
For up to the minute gold/silver news check out newgoldnews. Com
InfernoMultimedia1 9 months ago
Pick & Roll team Schiff-Swoosh!!!
It's not so much Schiff appearing like a financial Einstein, it's people running the financial space are totally discredited w/ its propped-up shell game that's coming to a close.
jibbi4one 9 months ago
That panel still don't get it. I've got NZ$'s, I wouldn't have even thought of buying them had I not read The Little Book of Bull Moves in Bear Markets.
tigranvartanovitch 9 months ago
lol
mak7eye 9 months ago
That proud bloody young pun thinks that he knows better than Pete by shaking his numb skull....
WMoksg 9 months ago
ya shake your head you faggot.
ryanpomy 9 months ago
I love Peter Schiff's analogies, so great
a4finger 9 months ago
@a4finger concur...it's a toss up between his analogies and economic wisdom...
imataxslave 9 months ago
@a4finger That wasn't a Shiff analogy, it was a celente analogy. If you really like the analogies check out the geraldcelentechannel - every interview he has is packed with amazing ones
ryanpomy 9 months ago
Like a boss
garrethdavis 9 months ago
It is easier for China to save the Euro. (the currency of there largest trading partner) The only thing they have to do is to keep Portugal, Spain, Ireland and Greece heads above water versus the entire US economy with the USD. And the trade bennefit they get from that is much larger than what they throw in.
jasan2121 9 months ago
GO Pete tell like it is
capucchan8 9 months ago
ugh another day another video to add to the peter schiff was right pile
ForTehNguyen 9 months ago 23
@ForTehNguyen No...this goes in the Peter Schiff IS right pile (present tense) =]
uwmbigb 9 months ago
@ForTehNguyen LOL You mean right like he would be Senator, yuk, yuk, yuk. He couldn't even beat a lady wrestler.
lizardgizard2002 9 months ago
@lizardgizard2002
just goes to show dumb and clueless Connecticut voters are. They voted that crook Chris Dodd in many times
ForTehNguyen 9 months ago
Peter has been saying the same things for YEARS and he's always right!!! Look at his book CrashPproof from years back. Like he says QE is not the training wheels- it's the only wheels - but the bicycle is heading towards a cliff. Now tell me - do these presstitutes really not get it after all these years? ?
paisley73 9 months ago
Bloomberg board members know what's going on, that's why they hire idoits like the one shaking his head at Peter Schiff .
MrGAB4444 9 months ago 3
Stop the growing police state:
Withdraw your money and close NWO bankster account, for bill paying; use your credit union or small local bank (with no ties to JP Morgue, Gold n’ Sacks, Wells Fargo, Citi, BOA).
Savings: Sell unnecessary crap for fiat paper & trade it for real physical silver and gold
Let them eat their own fiat paper, collapse the police state by defunding their paychecks
Why get a bloody head or watch your girlfriend get shot by a sniper.
V
MrGAB4444 9 months ago
people that make sense never make it into office...
donniebrasco24 9 months ago 14
@donniebrasco24 well.. that's called democracy.
NeoBTK 8 months ago
@NeoBTK it's called having a financial backing from the powers that be...
donniebrasco24 8 months ago
@donniebrasco24, agree, smart people can not be controlled.
moistfaucet 6 months ago
I love peter's analogies :p
kardentyrell 9 months ago
they will kneel before schiff in future
munapillu 9 months ago
funny how the CNBC talking heads always looked stunned when Schiff talks, like they don't understand what he is talking about.
robertplant634 9 months ago
The guy on the left is a total idiot all the time. End corporate rule, abolish corporate charters and the federal reserve system.
RichNel1 9 months ago
A word about China's phoney economy that Peter does not discuss.
China has been trading its slave labor to the world for technology. Their cheap manufacturing is based LITERALLY on slave labor, which also allows China to devalue their currency. China's economy is just as phoney as the US's easy money economy. Neither could exist without the other one.
China got the better long term deal (modernization) and America took the short term deal (cheap goods). The Elite won on both sides.
666sigma 9 months ago
@666sigma I have many disagreements with your thesis but will point out a few. Chinese laborers are indeed very poor but are NOT slave labor. Wages have been on the rise since the breakup from socialism and devaluation has not completely offset the incentives to work hard and save money. I also don't agree with the belief that the two economies are interdependent. As Schiff has repeatedly discussed, the Chinese will consume their OWN production if it allows the US to go broke by selling T-bills.
truevoice08 9 months ago
@truevoice08
You are entitled to your opinion, but if you don't think that China has modernized their country on the backs of their slave labor, you are blind. China, today' is like Upton Sinclair's "The Jungle". The Chiness government has brutally enforced the will of the corporations and manufacturers. In that regard, it is still more like communist China.
The West has whored itself to slave labor. It is arbitrage against the labor unions.
666sigma 9 months ago
@666sigma "brutally enforced the will of the corporations and manufacturers." How? If by the traditional cronyism of discriminatory granting of permits, subsidies, and anti-competitive regulations then YES. But I wouldn't go as far as to call that slave labor. Slave labor means you cannot quit. Chinese workers can quit, and even if they have few employment options, the fact remains that the market has been liberated enough to have more freedom of work and higher living standards.
truevoice08 9 months ago
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fairalways 9 months ago
@666sigma I haven't read your thread, just this comment. Your error is in missing that slave labor in China will give rise to a Chinese middle class which will create their own union-like structures and won't accept continually lower wages. China cannot afford to turn their backs on their emergent middle class for the sake of their endless number of poor. And so the eventual new worldwide homeostasis will come into balance. Your US-centrism is busted; broken. Live with it. Schiff's a salesman.
fairalways 9 months ago
@fairalways
You are right. You did not read my comments. Where did I say any of that, dumb ass! Your anti-Americanism is busted because you jumped to conclusions. To be clear, we live in a 4 dimensional world where time is very important. It will be difficult to bring those jobs back once they have been lost to slave. We are likely decades away from this happening. In the meantime, the Western Elite and dumb Walmart class sold out for cheap Chinese labor in the short run.
666sigma 9 months ago
If China's economy were not phoney, why don't they decouple now? Their people will enjoy greater purchasing and a better standard of living. The cost to import oil and other raw materials needed for manufacuring will also drop.
I will give you the answer, but let's see if you can put that 6th grade public school education to work for you. I went to see how my tax dollars are being spent.
666sigma 9 months ago
@666sigma It's because China owns a lot of US dollars. Decoupling would mean a major loss in investment of US treasuries. But it's slowly happening. Be patient.
1XMarksSpot 9 months ago
@1XMarksSpot
You told me what, not why. Shit, part of the answer is in my comments. Besides, let the idiot answer the question. I want him to broadcast his ignorance a little more.
666sigma 9 months ago
@666sigma My description is a description. Deciding that A description is anti-American is ignorant. My "jump to conclusions" is based on the same dynamic as occurred in the US, as occurred in all developed countries. You understand the word "homeostasis"? It is dependent on supply and demand, and as the pie gets bigger, the ultimate median wage will settle at some level, possibly slightly lower, possibly slightly higher, but unlikely at some drastically different wage. Yes, it'll take decades.
fairalways 9 months ago
@666sigma In the meanwhile, your posts expose your lack of concern for what you call the "slaves" in your "slave labor". Your true concern is solely for your tribe of Americans. Call it what it is. You pose your issue as if you care about the "slaves", and if you do, then their human existence matters equally to Americans. If not, can you blame them and their American descendants from helping to accelerate the world-wide economy via the accelerating commoditization of the internet?
fairalways 9 months ago
@666sigma And last, the technologies of industrialization, supply-chain management, and the internet created the incentives for all businesses big and small everywhere on the planet to create the world-wide economy. The idea of protectionism in such an atmosphere is and was laughable. We'd have sunk ourselves all the faster. When an engineer in India does the job for 1/7th the pay of an American, it's a brand new world. You cannot escape this. You errantly make it about nationalism.
fairalways 9 months ago
@fairalways
I love how you argue against points that I never made. But your text book response is quite laughable. You are one of the sheep. The next time I want an opinion from you, I will give it to you.
666sigma 9 months ago
Comment removed
fairalways 9 months ago
@666sigma Deflecting by attempting to minimize me as a "sheep" is a window into you; it just blocks what all can see as naked vulnerability. Vulnerability is fine; it just means you are open to learning. My response was my thinking; if it exists in a textbook, I can only assume that the writer used the same clear logic as me. Meanwhile, my logic stands as the last word in our "non-discussion". You changed the subject of this exchange to that of your defensiveness.
fairalways 9 months ago
@fairalways
Owned. Deal with it.
666sigma 9 months ago
@666sigma "Owned"- I take that to mean your defensiveness. Yes, you own it. I am "dealing with it". You are not.
As long as you respond, your choice is either to engage in a discussion about the subject of the thread, or to change the topic to cover your pride.
fairalways 9 months ago
@fairalways Indians won't be making 1/7th the salary of Americans for much longer. The Dollar IS going down.
2100v 9 months ago 2
@2100v Exactly. That not only is the reality, it is the plan. Americans make less income, but industry becomes more feasible to be built here and jobs head back this way. Lower standard of living, more jobs. Fighting this tide is noble if not required, but the inevitable "world economy" which comes with technology's evolution makes this leveling process the primary force. Ideological whining is just attempts to get more scraps than the other guy who is losing as well.
fairalways 9 months ago
that asian bitch is so annoying
bykashka75 9 months ago
@bykashka75
She used to love attacking and laughing at Peter's advice and explanations. She isn't laughing any more.
She is a typical liberal journalist educated on left wing Keynesian only economics. It is like arguing the scientific falacies in the bible with a born again Christian. They only know the facts that they were taught. Proof and/or common sense don't apply.
However, Peter is always great in explaining his positions in simple terms/analogies that laymen can understand.
666sigma 9 months ago
@bykashka75 i'd still do her though.
robertplant634 9 months ago
@robertplant634 Well if you don't have any other options
bykashka75 9 months ago
Go Schiff!!
Intervene 9 months ago
I like how people listen to Schiff now since he made so many people look like 'droopy eyed armless children' before the crash lol
cZiebenhaus 9 months ago
@cZiebenhaus
Actually, this group Fast Money group was still laughing at Peter post crash because gold and silver were falling and his investment advice was no better than Wall Street's in 2008. But he correctly predicted that the flight to quality post crash (US dollar and treasuries) was based on old habits and would reverse. He was right and his investment advice has, once again, been correct in 2009-2011. They seemed to start listening and stop laughing about a year ago.
666sigma 9 months ago
You tell that disinfo asshole Seymour, Pete!!!
dickstoyevsky 9 months ago
"The Fed knows QE2 is not the training wheels. Its the only wheels." HAHA! Peter Schiff analogies FTW.
LibertySole 9 months ago
I appreciate Americans don't like Peter. Sadly Defence is the biggest Export the US seems to have now - each man woman and child paying $2500 USD per year into Defence. Add to this your baby boomer population is screaming into retirement. The snowballing effect of the Fed Reserve PONZI scheme is taking a very subtle but hideous path into the tunnel of derailed trains. Democracy is your biggest export. OBAMA now very keen to run democracy into Mid East - Because you need oil to hold onto what was
dixcreative 9 months ago
2:46 Smirking and shaking your head does not amount to a counter argument MrBubbleHead.
0muffins0 9 months ago
watch again as soon as peter says bycicle a man on a bycicle rides past, LOL, SBG
silverbullgold 9 months ago
@KrugmanTheCharlatan yeah, plastic piece of shit. He knows more about mascara and thongs then economics. Utterly oblivious. He can point that smirk at some fat homo's ass! Might have a better chance of success.
delatroy 9 months ago
I can't believe that they made you stand up Peter... This network is unbelievable.
Ixandius 9 months ago
Schiff has understood what is coming for years, so has Ron Paul, neither have deviated from their statements as compared to politicians who constantly flip-flop. So I'm listening to Schiff and voting for Ron Paul. We either search for truth or live a lie.
itsaboutchoice 9 months ago
I don't think it's a coincidence that Portugal has 12.3 million ounces of gold reserves and China is interested in buying its debt.
Loyal2Liberty 9 months ago
give Peter a chair, you cheap idiots
bykashka75 9 months ago 40
Peter Schifff Slamming those idiots
bykashka75 9 months ago 3
Bitcoins are outperforming EVERYTHING - even precious metals. Why don't these dummies talk about the 1000% increase that the new currency has had in the last month?
MoneyIsSilver 9 months ago
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dscoleri 9 months ago
I think China is making a good bet. Risky debt has a higher payoff and they know the EU will bail out Portugal, so it's a sure thing. I'm also sure they used their USD to purchase the debt, which lowers their exposure to the USD, which just hit a 2 month low, and has no reason to go back up.
CaptainLazerus 9 months ago
haha I love Peters anologies.
tompatomp 9 months ago
@tompatomp otherwise those idiots will not get it. Peter does a great job.
bykashka75 9 months ago
I would say "Peter for president" but the Titanic does not need another captain.
tgpdlp1 9 months ago
This has been flagged as spam show
couldn't even give you a seat pete?
euphoria651 9 months ago
US debt junkier than that of PIIGS.
Yikes!!
dlmaniac 9 months ago
go peter thanks for the vid mate
rolficus 9 months ago
those bond yields for Portugal+Greece look crazy, I can't imagine where they'll be in a few months/years.
doc7474 9 months ago
let me translate those 10 pages of disclaimer at the end.
"the hosts of the show as well as cncbc nbc at their parent companies, are financially uneducated clueless morons and if you follow our advice you´re probably too dumb to be investing anyway"
managarm1349 9 months ago 2
@ 2:43, left side. the face of the status quo LOSING.
fukkuutube 9 months ago
His metaphors are brilliant.
catobear1704 9 months ago
Can this asian broads face get any flatter? Why is she the "Anchor"?, She's not hot in the least bit.....
TMartinus 9 months ago
@KrugmanTheCharlatan He already IS a loser. If he was a winner he would not be sitting in that shithole from 9-5.
martinbelmont 9 months ago
Well said Schiff!
Flagstaff12 9 months ago
Yeah, I love the look on Tim's face when Peter is telling him why our bonds are not being bought by China. I can't wait to see the look on his face when our yields are north of 15% or more.
leewalterstx 9 months ago
@Aislan4414 .....telling people to wake up in 1988. No one listened. (There, fixed that for ya.)
cowboy1165 9 months ago
Great as usual Peter!!!! Your a prophet in the financial sense...
silverbullx 9 months ago
@KrugmanTheCharlatan go down is right, probably in a grave, he wont survive, he has no skills in the real world, "welcome to the jungle"
decepticonsofnwo 9 months ago
@decepticonsofnwo "go down is right, probably in a grave"
Or maybe go down on his knees in the street in front of strangers for bread money.
Torgo1969 9 months ago
@KrugmanTheCharlatan and at 2:49, the scruffy head who hasn't slept being dead serious cos he knows peter's right and has been pumping silver as of late
preciousmetals168 9 months ago
I see the Schiff cult is here to praise the guru.
lizardgizard2002 9 months ago
@lizardgizard2002 what the hell did you expect?? it's the "PeterSchiffChannel" - you didn't think you'd see any fans??
Myaucat 9 months ago
@Myaucat There are no fans. I see a cult. It does not matter what...shit schiff spouts..the clan accepts the fantacy as fact. Note how the cult sees the sun shining out Sciff's butt, but the others in the video are described as "paid bookends" etc. Sort of reminds us of the guru that asks his flock to distrust everyone, hand over your worldly goods and follow blindly. Are you one of those?
lizardgizard2002 9 months ago
@lizardgizard2002 I've made a lot of money listening to Schiff...and Europacific.
How bout you??
dscoleri 9 months ago
@dscoleri Sure you have. I believe you. Cult members tend to also be conspiracy theorists and therefore taken in by any anti government/anti Fed scheme and then their fear of the government and banks generally makes them cash horders (if they have any at all) and not investors. Concerning income, I was retired at 45. How about you? Since then I do what I want, when I want and live off income earning Canadian resource stock. I think independantly and not under the influence of a guru/scammer.
lizardgizard2002 9 months ago
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@lizardgizard2002 "Sort of reminds us of the guru that asks his flock to distrust everyone, hand over your worldly goods and follow blindly." Ah hahahahahaha. I'm one of the ones that made a shit load of money on Peters predictions. Then again, I follow Austrian economics and would have made it anyway. Sorry. No matter how you spin this you are going to have egg on your face.
cowboy1165 9 months ago
@cowboy1165 Sure you did. So you believed him when he said yellow rocks would be worth $5000 "soon" a few years ago. Sucker! My guess is that you are a conspiracy theorist too, that you hate the government, fear the government , are one of the poor folk that agree with the policies of the rich libertarians to your own detriment. And that is all because you are scared of the future, right where the right wing Schiftys want you to be. Enjoy!
lizardgizard2002 9 months ago
@lizardgizard2002 you sir, are uneducated
gsmmadness 9 months ago
@gsmmadness LOL, says the kook that can barely put four words together. Now, see if you can make a comment with at least five words.
lizardgizard2002 9 months ago
@lizardgizard2002 ....Most libertarians are not rich (like myself) but understand that economic liberty is the same as civil liberty. Also, I am scared of big government and don't trust most politicians. Don't be mad at us because we educated ourselves, produced our own opinions and understand who controls our money supply.
petiemac24 9 months ago
@petiemac24 You are not educationg yourself, you are being manipulated. In order for the elite business, bank and rich to capture more income they have to convert middle class and poor folk to Libertarian and big business ideas. Buddy, all I ask is that you think about these things independantly.
lizardgizard2002 9 months ago
@lizardgizard2002 Soon has not gotten here yet. (It's predictable behavior, but not to exact timing.) I know what happens to yellow and silvery rocks when the dollar tanks...Ooooh and look, I've got a bunch. But I can see you will be listening to your representatives spin how things will get better. Keep holding on to worthless paper. Be assured your overlords are working on the problem.
Conspiracy theorist, right wing Schiftys, rich libertarians...hahahaha, You must really like egg. Good luck
cowboy1165 9 months ago
@cowboy1165 I do not listen to anyone, I think independantly. You are free to follow your guru. Although by your comment I assume that you are simply a conspiracy theorist afraid of the unknown and of government. In other words ...you are lost.
lizardgizard2002 9 months ago
@lizardgizard2002 it's your prerogative to 'see' things how you wish.. and everyone else has that same prerogative.. don't you think? but just because we 'see' things a certain way, it doesn't necessarily mean that they really *are* that way.
Myaucat 9 months ago
@Myaucat I agree with that statement. At the same time, not everything is a conspiracy just because gurus and scammers say they are.
lizardgizard2002 9 months ago
@lizardgizard2002 i don't believe in gurus or scammers. i put the puzzle pieces together myself to see the bigger picture. and not everything is in satisfactory condition just because government officials and authority figures say it is.
Myaucat 9 months ago
@lizardgizard2002 ceasar washed his hands of Jesus as well.
dixcreative 9 months ago
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@dixcreative You are proving my point. You just made a cultlike comment,
lizardgizard2002 9 months ago
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cowboy1165 9 months ago
This has been flagged as spam show
@lizardgizard2002 Did the Peter Schiff Channel part through you off? That's OK you fall into the cult of many that laughed at the astronomer for concluding the Earth revolved around the Sun, and not the other way around.
cowboy1165 9 months ago
@cowboy1165 Sorry, it is kooks and right wing religious freaks like yourself that continue to believe the world is flat and that Libertarian fantacy is reality.
lizardgizard2002 9 months ago
@lizardgizard2002 ...I am not right wing, Republican or religious. I do agree that there should be a free market economy, limited government and a return to the Constitution.
petiemac24 9 months ago
@petiemac24 Yea, yea, yea. and that is where delusionalism comes in. There is no going back. People in power seek more power. Even Schiff is beginning to attack his compitition and lets his youtube power go to his head. There will never be a true free market system so stop living the fantacy. If you are not republican, a teaparty member or religious then you should be intelligent enough to know that it is insanity to support and follow fantacy.
lizardgizard2002 9 months ago
@lizardgizard2002 ...That's why the Constitution puts checks and balances in place, to limit the power of any branch. If we don't return to a free market system, we will never experience the prosperity and growth that made this nation great. I will never give up and that what separates people like you and I. I am a Ron Paul Tea Party member and believe that only fantasy is thinking that printing money can fix our problems.
I have courage, integrity and honor; three things that make a man great
petiemac24 9 months ago
@petiemac24 I will not try to convince you further. You will have to learn by experience. Just consider that there will be no returning to a free market system. Ron Paul will not be allowed to run against Obama. Fox and the Republicans will always put a stop to Libertarian and tea party asperations. You may have good qualities but you lack the ability to think independantly and that may be your downfall in the future. Anyway, have a good week.
lizardgizard2002 9 months ago
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@lizardgizard2002 "kooks and right wing religious freaks like yourself that continue to believe the world is flat" What part are you just not getting? It's Libertarians that are calling the problems before they happen, and giving reasonable course corrections. That's twice you spelled it fantacy. One more time and I will actually feel bad for having fun with you.
cowboy1165 9 months ago
@cowboy1165 Your comments are always hidden and marked as "spam", I guess someone knows you well. I would agree that your comments are "spam",maybe "crap" is more descriptive. So I spelled a word incorrectly, should I go back and criticize your spelling and grammar? I would not because to do so is infantile. I will let you continue to be infant-like. Libertarians identify nor resolve anything. They are stuck in the past. Libertarians are wrong about history, economics and political reality.
lizardgizard2002 9 months ago
@lizardgizard2002 If my comments are hidden and marked as "spam" it is usually by liberals, progressives and so-called independents that enjoy their serfdom and believe what their overlords have spoon fed them. I only criticized your hypocrisy, I could care less about your spelling.(go back and read your posts.) As for the the debate on future events...only time will tell, and I have history on my side.
cowboy1165 9 months ago
@cowboy1165 Agreed, time will tell. History is not on your side, you are simply stuck in the past.
lizardgizard2002 9 months ago
All these folks on the bench are just paid bookends. They can't agree with Peter because they have leveraged mortgages themselves and little timmy needs a new swimming pool. They would be fired in a second. Listen to them..."so what do ya think Peter?" "whats happening Peter?" What a bunch of spineless, 401k contributing, suburban living, $700.00 car lease, take out eating, dick wad, can't think for myself, Saturday nite love making ass holes.
bperks02 9 months ago
this is one of the first times I've seen the Fast Money crew listen to Peter without interrupting him or attempting to cut him down. Significant? Perhaps they are starting to take his opinions more seriously
gcrowther70 9 months ago
LOL,, no seat for Schiff, guess they don’t plan on having him there too long
phantomcharger 9 months ago
Peter owns these guys every time!!
vambo13257 9 months ago 2
He would of looked better if he would agree with everything Peter said.
driller62869 9 months ago
Funny thing is.....he'll be checking these comments out. What a blow to his confidence.LMAO........pwned!
driller62869 9 months ago
You can see the pwned stare starting at 2:40. He started stuttering at 2:05 like a retard and couldnt face Peter at first. He knew Peter was going to gracefully peel him off the pavement. If that wasnt petty jealousness, Then what do you call that?
driller62869 9 months ago 3
I"d love to see Melissa and Karen make out
rudemood2011 9 months ago 3
@rudemood2011 I think as soon as Peter's perdictions come to pass as truth, you will get your wish. By then Melissa and Karen making out will be the only thing keeping this economic calamity on the air.
cowboy1165 9 months ago