The GDP is a complete scam, of course the dollar goes down as it goes up!
If yesterday we closed with a 14.3 trillion GDP then today the banking system creates 700 billion in loans, then today's GDP will close at 15 trillion minimum but the dollar of course again takes a dive.
It's far simpler than what this man is conveying.
Monetized signature loans based on the FR monetized debt economy system are actually to blame. We do not have money, we have a credit line that is constantly increased.
I'm sick of people talking about how they don't need the federal government and propagating this false notion that this country has a history of rugged individualism. The federal government made it possible for every state to exist. Every state was supported and financed by the federal government. Why don't you Know it All's try reading a history book? Do any of you know what preemption is and that it's part of the Constitution?
What Government GIVES, Governement can TAKE AWAY....
Best to "chart your own course" and learn to distinguish between what you WANT and what you NEED to assure health, happiness & long life.
People like Obama have been GIVEN almost EVERYTHING they have and DO NOT know what it is ot CREATE WEALTH, LIVE ON A BUDGET or BE SUCCESSFUL without having his hand in the TAXPAYER'S POCKET...
So, why are you surprised that HE or his appointees have FAILED AMERICA....?
The "Market" has never been free. One of the primary purposes of government is to protect wealth. It is the reason our Constitution exists. To deny this is to deny history. Right or wrong it is a fact. The real question is how many people, some are commenting on this video, live their life on credit. It is interesting how people who live in constant debt will criticize the government for the same. People buy cars and houses they can't really afford and then want their asses wiped!!
@jjevans2009 First of all, the reason our constitution exists is to restrict the governments power. Where you got the idea that it exists to protect wealth is lost to me, but you should read it sometime. Also, where do you think people are getting the money to buy cars and houses that they can't afford? From the government. If the government wasn't guaranteeing loan repayment to the banks, they'd be a bit more prudent in who they lend to.
@dankfizzy Where did I get that idea from? Well, it sort of is what government's primary objective is. Actually, not even sort of, it is the primary purpose of government is to protect property. Also, the government isn't paying for cars people can't afford. And finally, I guess you don't consider the supremacy clause, which is in the Constitution, part of the Constitution. Or you don't know the history of America, and why the Constitution was written in the first place.
@jjevans2009 You didn't say it was the primary purpose of the government to protect property though, you said that our Constitution exists to allow the government to protect property. When in fact the Constitution was written to restrict the Governments powers. I'm not looking to argue, I'm just pointing out something that I feel is an important fact. Not trying to begin a war of words.
@dankfizzy Well, you're just wrong and instead of looking at the historical facts as to why our Constitution exists, you just state your opinion as if it is fact. Our Constitution was written to protect the ruling class's property. This isn't a war of words this is historical fact, something most Americans like to ignore. Americans are politically illiterate and yet they like to act like they are experts at subjects they know nothing or little about.
@dankfizzy I'm sorry if I sound harsh, but I think you haven't actually studied the Constitution, that you're just restating political rhetoric. Why did they write the Constitution? To restrict their power? No no no, the Articles of Confederation,our first Constitution,didn't give the federal government enough power,so a new document was need that gave them more power to do things like tax people. Also,the supremacy clause clearly states that the federal government gives the states their power.
In economics,there is no free lunch.If government try to artificially accelerate economy then the cost is inflation.The job of government is to protect the free market not to manipulate them.The government is increasing debt burden which means high taxes and inflation in future or longer term.The takeover of failed companies means making more mess instead of cleaning the market.if u let the market cleans itself .things will be much better soon but government is doing just the opposite,
Do you have any idea what you're talking about? Did you predict the financial crisis years before it happened and accurately explain what was going to happen before it happened? Did you have thousands of clients who dramatically outperformed the American stock market over the past 10 years?
This guy hopes the recession lasts as long as possible, and is as painful as possible just so his political ideology wins, and his hatred of Obama will be justified. Sick.
You godless, ignorant piece of human waste. Are you so much a zombie that you have bought into the left and the rights bs? Obama is just another scumbag, maybe thats why you worship him. You are so blinded by your own bs that you can't see it in others.
Wow, struck a nerve, did I? I never said anything about my religion, or my "worship" of Obama. I can see plenty of "bs," all around me, especially in this phony Schiff character. I support Obama, for now, just like I supported Bush to begin with, because, unlike you, apparently, I still believe in the little thing called American democracy. Call me crazy, but you're sounding awfully disingenuous. Get over yourself.
Wow, you supported Bush and THEN you supported Obama? Who are you going to support next, Sarah Palin?
Why have virtually all the predictions Schff has made already come true. How come myself and everyone else who has been taking advice for years have been able to dramatically increase the value of their savings BECAUSE OF the global economic crisis?
Have most Americans savings increased dramatically in the past few years? Have yours?
So, you're making money on the suffering of others? I can see why you and him would want this recession to go on for as long as possible. You people are parasites. I have my savings, but I'm not making money off the back of the down-turned economy. That's ridiculous. Do you also make bets on who will live and die in wars?
You are not even sheep, anyone that follows the socialist\communist Obama are Veal. I saw your picture and I am going to cut you slack for being young. When you crawl out of your moms basement give me a ring. I will give you a job.
You're ignorance is embarrassing yourself. You really should do more research before you post comments like that. He's saying that just like the policies of the whole Bush Admin. the Obama policies all provide temporary relief but further corrode the fundamentals of the economy. The US economy is very severally flawed and in chronic imbalance, and there is no way to address the LONG-TERM imbalances other than encouraging savings and sound monetary policy.
I first supported Bush because he claimed to be a "compassionate conservative," and unlike many of you, will always give people the benefit of the doubt. When I realized I was wrong, I didn't hide that fact, I understood I was wrong and learned from my mistake. I don't blindly follow based on one or the other political ideology, like you apparently. I make my own judgement calls and don't hide from my mistakes.
I blindly follow no one. I support people who oppose my ideology when we share honest commitments to common goals, as is the case with (D) Grayson and (I) Nader on monetary reform. I asked those questions, because the lack of sincerity of Bush in 2000 and more especially 2004 and the lack of sincerity of Obama were both very clear before their respective elections. To anyone who bothered to read beneath the surface, both Bush and Obama clearly the preservation of status quo as chief concern.
I think it's laughable to try to compare Obama and Bush when they're clearly opposites. Obama only seems similar simply because he has to work within the framework of where Bush left it, and take incremental steps towards change.
No need to hope it lasts a long time , the government no matter who you think is in charge is spending all that can be spent falsely thinking they can save this mess. I can't hate Obama but he realy is not doing anything that will benefit the American public just because he has now knowledge on how to solve anything.
we love you in the uk peter, and i sent in a donation because the world needs men like you, you give me hope, and personally that's why you got my donation. thank you. and good luck.
Lies and more lies that this Obama administration is spitting out. Wallstreet is in bed with our enemies.Free market is being destroyed and more Government jobs are created.This will destroy are country.
I gauge the economy by job postings. There are a lot more job postings this month then there have been in months and months. Sorry Republican, I know you are rtooting for our country and Obama to fail, but the recovery is on. It will be a slow recovery, but things are moving in the right direction. Dow Jones over 10,000, too.
Hi Jensen. I am rooting for you to get an education so you learn when you should use "then" and when you should use "than". Additionally, you might learn that your economic measure is not valid. Then again, maybe not.
Go tell the thousands of people who just lost their jobs yesterday and the millions that are unemployed that the
economy is recovering.
FUCK the Dow Jones numbers and FUCK Obama the lying sack of shit. I guarantee if you go and tell someone who is jobless that the Dow Jones is above ten thousand they will probably just punch you in the face and say who gives a flying fuck.
Why the anger? Because I'm tired of watching Pete's videos all the time and checking the comments and seeing retarded ones that try to discredit him and claim that he doesn't know what he's talking about when he's clearly been right EVERY time up to this point. Yet, everyone thinks that they know more about the economy than him.
This jensen guy sounds like one of these Keynesian idiots on these phony debate shows that Pete is always on.
Peter makes sense but thats the problem. People don't want sense, because it makes to much sense. I still can't figure that one out but its the truth.
I feel sorry for you. You obviously think that all Republicans watch Fox news all day and worship Limbaugh. Well, must of us here can barely stand Fox News and we think Limbaugh is one of the biggest idiots of all time. Have you watched all the videos where Schiff was on Fox News criticizing Bush's policy and warning about the financial crisis years before it happened only to be laughed at and mocked by the other Fox News anchors and "experts."?
Anyone who thinks the economy is recovering needs to look down their street. Where I live in Dayton, OH it is getting progressively worse. Time for America to give up on our Govt. to get us out of this.
Good news for America is bad news for conservatives. THe GOP is America's own terrorist insurgency!
Funny how last year you conservatives insisted that the recession didn't exist. you called Americans "a bunch of economic whiners" and said "the fundamentals of the economy are strong".
Now of course you claim that the recovery doesn't exist. Sorry conservatives, but you are so frequently off the mark, that you can't be trusted! So stop whining!
detoth67, if you'd bothered to do the slightest bit of research before shitting all over your keyboard, you'd know that Schiff was talking about the depression well before it started.
This is probable one of the most ignorant statements I've ever read on Youtube. You obviously have no idea who Peter Schiff is or how he predicted the financial crisis years before it happened, but was laughed at by EVERYONE on FOX NEWS. I feel sorry for you. I hope you don't have most your savings in US bank accounts or US treasury bonds.
I can only go by what he says. What he says here is baseless and factless.
Lots of people predicted the financial crisis before it happened. Nobody did anything about it. Your glorious cult of free market capitalism created it. Schiff's plan would create more of these disasters.
I feel sorry for you. You've drank the Kool Aid of a fraud!
The number of people that predicted the financial crisis to with the depth, clarity, and accuracy of Schiff can be counted on one hand. If you think I belong to a cult of free markets or that capitalism created the crisis you are very misinformed.
I'm an economist with a degree from a top 25 US university and have more formal economic training that Schiff does. I believed that we were due for a real estate correction since 2002, but had not foreseen the depth and magnitude until I read Schiff.
While there are many immediate causes of the crisis with the blame covering most of the Republican and Democratic leadership, the fundamental cause of the crisis arises from the Federal reserve and it's setting of interest rates to 0% in real terms during the early 2003's. That was the necessary source of fuel that made the bubble economy possible.
There is no need to feel sorry for me, I've made a very large profit for myself BECAUSE OF my understanding of the crisis before it occurred.
bobjman, what do you think is best to put your money into other than banks, some gold and some silver, all gold or what. I am concerned about all of this since the govt collected 107 billion in taxes in Feb. and spent 368 billion somehow, this cannot last in my opinion.
That is what you radical extremist conservatives desperately need. You have no policy and no agenda of your own. Nobody knows what you stand for except to fabricate conspiracy theories.
not a shot at schiff, he's probably the smartest guy speaking right now. i'd vote for him in CT. but that obama and biden and gibbs and pelosi and dodd and frank, they're just out and out liars!
maybe china should run the world currency... they're asian, they're smart. fuck even though they're communists, i'm sure they can do real math. american politicians are just intellectually dishonest and obviously failed economics 101.
Obama knows full well what he is doing and he is succeeding. question is, will we have a shred of the country left before the bastards are thrown out?
American, it's too desperate to try to claim a national increase of 3.5% is all phony, if we set that up as a precedent, liberals will try to claim 3.5% GDP growth is phony under freer-market presidents as well. There's no doubt some of that 3.5% is only because we debt-spent, however a least a large chunk is from the usual source: entrepreneurs taking risks and creating new things, businesses, wealth. Of course, even with this, we're still below the GDP we had in January...
This guy would be great as a Senator, Treasury Secretary, maybe even President. Hope there's no broads on the side he's boffing.
Of course, he does believe in as free a market as possible so..."that must mean he's owned by the corporations, corporations corps, evil corps corpor, blah blah corporations".
GDP rising is good news, there's no way to spin it otherwise. It most probably means the beginning of the end of the recession. Everything else Schiff says is right on though...are jobs created by the govt spending trillions it doesn't have really good for the country? Instead of facing up to our problems now, we mortgage the future, trillions every year, so it's a little easier now, maybe? The debt is inexcusable, the "stimulus" was a stupid idea. The economy doesn't need the govt.
That's the kind of elitist attitude that Obama uses to justify his socialism - at that point it's just a pissing content for "who is smartest". Who's going to save cash in a 1.2% account when inflation is at least 6% and the dollar index keeps finding new lows? Gold, sure, but not cash. If not for the Fed, interest rates would be such that savings would make sense. Saving FRN's is a sucker's game in this economy.
Peter, they are doing this all on purpose, just so you know. They realize that most people do not follow the economics of our country and so those clueless people just agree with everything the government does and says. The government is destroying our economy and future on PURPOSE!!!!! They know what they are doing. It's all about a one world currency and New World Order. They will make us rely on them. It's obvious with the takeover of just about everything by this fucking government.
Peter Schiff is Great. I like this blog. Dosen't it look like he gave it from the bowels of the Death Star? Stay strong in the Force Peter!! Great stuff as always Mr. Schiff.
The Federal Reserve is acting as an arm of the government. C'mon, Peter. You got it backwards. The government is acting as an arm of The Federal Reserve!
personal savings rate is BS...2% of their check...so if someone makes 100k a year and saves a whopping $2000 whoppie duptie doo...look at the savings rate in china..india...big big difference
I wish I could vote for ya Peter but since I'm living in Ontario Canada, I don't have a say. Your videos are very informative and needs to reach a larger audience to really spread the word on the TRUTH and not LIES that we hear day after day in the mainstream media. I fear that whatever happens in the USA, will eventually hit Canada and so far that has been the trend. People in the USA, my advice to you is WAKE UP. Don't believe the phony numbers reported by the gov't. The worst is yet to come.
great insights Peter! It's a shame that our government is causing all of this damage just for the very short term goal of re-electing a few incumbents. I hope there is a huge turnover over the next few years with fresh blood in Washington with people just like you!
It doesn't work that way. You don't get to pick and choose the good stuff without necessarily bringing about even more of the bad stuff. If you think things are bad now, you haven't seen anything yet.
I didn't say we wouldn't get the bad stuff, I just want the good stuff too. Oh please you guys are so scared of everything. God I wish I could live in France, everyone send me 5 dollars and maybe I can go.
Again, for a time perhaps but if you look at global capital flows the entire West is currently being funded by the credit extended by the east. West governments will either have to balance their budgets (which necessarily means cutting economic drains like universal healthcare) or suffer the same fate we're headed for. Will you be so eager to flee to Taiwan, China, or Russia when the free stuff runs out?
Ok universal health will happen, and I don't think the West will cancel their credit card with east, so what does it matter where I want to live if were all headed for disaster.
You're missing the point; the West will desperately be trying to keep their line of credit open. It will be the East who forces a default. Ask yourself this, how much longer will the East tolerate their loans being paid back in devalued currencies?
What would you do if you were a leader in the East? They have to pay to take care of their own problems too, you know.
How ironic is that the authoritarian governments of the world are funding the democracies?
Ok look I used to care about the FED and the East calling in their loans to the government but I'm tired of the whole thing. I totally get your point, I've seen Zeitgeist. But.. the world needs people like you to, so don't quit and I give you credit for not talking like a know-it-all asshole, like other people on here. People will just shut you out, if you start doing that.
It is an ominous sign of war to come. I'm afraid that's the way it will end up. What else happens when a country can't pay up their debts? They come for the resources. US is resource rich. Ya know?
Can you imagine how the red socialist blood is boiling in the White House over the strong opposition promised by the Chamber of Commerce? You don't even have to imagine, it's real.
Sounds, from the Wall Street Journal this morning, that the Chamber of Commerce should support Shiff in a big way, and vice versa. Yet we need more new candidates, real "refounders" of America, like Peter Schiff and Ron Paul.
The GDP is measured in dollars which are flooding in from the FED as they devalue ( gold has risen 30% in 12 mnths). As such if the GDP was measure in ounces of gold the REAL value of the GDP has collapsed. Same for the Dow, its phony value,phony figures and yet everyone is hailing it as a great accomplishment. Just like inflation,unemployed, the GDP figures are a joke.
Karl Denninger brought up these points in his blog yesterday, as well as the fact that some of the GDP numbers showed no evidence in other sectors... like shipping.
where do you see growth? what is growth anyway and why do we need it? Instead of growth, how about simply doing things correctly... If someone doesn't have the money to buy something, its probably because they shouldn't have it.
Anything fueled by steady growth is unsustainable anyway so who cares even if we do have growth.
Dont know if anyone else noticed how absolutely giddy the MSM newscasters were. It seemed like that they could not repeat it often enough that "this is the result of Obama's stimulus plan". "It's working". Lord help us all.
Thx Mr Schiff, but why not cash for coffee? Free refills discount lattes and iced mochas. Thats what America needs.And if you vote f4 me ...lol keep your eye of the prize.
I really like Peter Schiff except for one thing. Mr. Schiff seams to think that everything that's happening is by chance and/or bone head decisions which couldn't be further from the truth. It's all PLANNED advance. Sometimes years in advance. There is no MARKET. It's just a bunch of numbers and stats that move in the direction the power elite charted many months in advance. All conducted for the purpose of transfer of wealth from the average joes to these power elites.
It's best that Peter sticks to the libertarian script rather than delve into "man behind the curtain" blather. Conspiracy theory stuff is the 3rd rail. The instant he mentions the "Illuminati", he's a kook and it's all over. Be grateful Peter has some common sense, as did his righteous and self-sacrificing father.
your right. even if peter thought this is all a conspiracy he shouldnt say it.
to me this is all about cheating. businesses cheating by colluding with government. its all about money, not a conspiracy. it just happens to look that way. its a natural progression that has happened to all empires. the thing that makes us different is not how we beat the odds. we didnt, we're collapsing just like all the others. its how we will recover. we will, and we will be even better than before.
business cheating and colluding IS a conspirecy. the people who decide to cook the books need others to go along with it.
people need to get over their repulsion at conspiracy 'theories'.
and give up yr ra ra ra we're so great. americas future is a ruling class and a poor cheap labour working class, unless you learn to use your vote in the interests of your nation. no rebublican/democrat stooges
a conspiracy means a lot of entities working together to achieve a corrupt goal. i dont think this has happened. its a lot of individual entities taking advantage of a corrupt government.
I know Peter will probably want to beat me over the head for asking this, but is Freddie Mac worth holding onto? I know you say this isn't a true economic recovery, but only disguised as one, but even if it's just disguised as one, wouldn't some of the financials still benefit from it? I'm speaking short term, sometime into early next year. I'm asking this because my average in FRE is 1.90, and I have a significant amount of money in it. Government doesn't seem to want to let FRE die...
I saw CBS 2 Evening News with Katie Couric about this GDP growth and how we got out of the recession in the summer LOL " I said to my mother that Peter Schiff was going to have a video explaining the real deal...here it is!!
Great insight. You're doing an incredible job showing how badly policymakers, analysts and other economists are straying from balance and fundamentals. Hopefully they'll listen before it's too late.
Peter eventually names it: the root cause of all this mess. This is not just the government. This is the System - Populistic Democracy. And you peter cannot do anything with this even if you appear in Senate or become a president. You cannot do anything with the System. You in fact contradict yourself. Let it fail. Don't try to bail it out....
I know, I know -- this is too dangerous. And they know it.
Amazing. Yesterday's video of yours had 10,000 views as of today. Today's video is cranking along and YouTube is not allocating server resources. (Taking longer to load than it does to play) This is not a connection issue on my side, as my own 10 min YouTube video is loading at a decent pace and keeps up with the play speed.
Just wanted to let you know that YouTube, as usual, sucks. And does not support viral videos the way it should.
The GDP is a complete scam, of course the dollar goes down as it goes up!
If yesterday we closed with a 14.3 trillion GDP then today the banking system creates 700 billion in loans, then today's GDP will close at 15 trillion minimum but the dollar of course again takes a dive.
It's far simpler than what this man is conveying.
Monetized signature loans based on the FR monetized debt economy system are actually to blame. We do not have money, we have a credit line that is constantly increased.
JonDeth 5 months ago
C(Debt) + Ig(Investment which there is barely any) + G(Government debt) + Xn(We don't have any)
RonPaulCurrency 9 months ago
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morgantobfr 1 year ago
Schiff rules, all his accurate talk makes me worry though. I think people should be storing up on food. check out thefood.mysundanceglobal. com/
CaribbeanSkies 1 year ago
I'm sick of people talking about how they don't need the federal government and propagating this false notion that this country has a history of rugged individualism. The federal government made it possible for every state to exist. Every state was supported and financed by the federal government. Why don't you Know it All's try reading a history book? Do any of you know what preemption is and that it's part of the Constitution?
jjevans2009 1 year ago
Babis, if you use this opportunity to get educated, you might one day be promoted...hey, what do you think?
AntiPsychopath 1 year ago
What Government GIVES, Governement can TAKE AWAY....
Best to "chart your own course" and learn to distinguish between what you WANT and what you NEED to assure health, happiness & long life.
People like Obama have been GIVEN almost EVERYTHING they have and DO NOT know what it is ot CREATE WEALTH, LIVE ON A BUDGET or BE SUCCESSFUL without having his hand in the TAXPAYER'S POCKET...
So, why are you surprised that HE or his appointees have FAILED AMERICA....?
FREEDOM IS NOT FREE
Mackaronni 2 years ago
I wonder if Schiffty Pete's plan to bomb Iran has anything to do with his prediction that the price of gold will rise to $5,000 per ounce?
AtlasShruggery 2 years ago
The "Market" has never been free. One of the primary purposes of government is to protect wealth. It is the reason our Constitution exists. To deny this is to deny history. Right or wrong it is a fact. The real question is how many people, some are commenting on this video, live their life on credit. It is interesting how people who live in constant debt will criticize the government for the same. People buy cars and houses they can't really afford and then want their asses wiped!!
jjevans2009 2 years ago
@jjevans2009 First of all, the reason our constitution exists is to restrict the governments power. Where you got the idea that it exists to protect wealth is lost to me, but you should read it sometime. Also, where do you think people are getting the money to buy cars and houses that they can't afford? From the government. If the government wasn't guaranteeing loan repayment to the banks, they'd be a bit more prudent in who they lend to.
dankfizzy 1 year ago
@dankfizzy Where did I get that idea from? Well, it sort of is what government's primary objective is. Actually, not even sort of, it is the primary purpose of government is to protect property. Also, the government isn't paying for cars people can't afford. And finally, I guess you don't consider the supremacy clause, which is in the Constitution, part of the Constitution. Or you don't know the history of America, and why the Constitution was written in the first place.
jjevans2009 1 year ago
@jjevans2009 You didn't say it was the primary purpose of the government to protect property though, you said that our Constitution exists to allow the government to protect property. When in fact the Constitution was written to restrict the Governments powers. I'm not looking to argue, I'm just pointing out something that I feel is an important fact. Not trying to begin a war of words.
dankfizzy 1 year ago
@dankfizzy Well, you're just wrong and instead of looking at the historical facts as to why our Constitution exists, you just state your opinion as if it is fact. Our Constitution was written to protect the ruling class's property. This isn't a war of words this is historical fact, something most Americans like to ignore. Americans are politically illiterate and yet they like to act like they are experts at subjects they know nothing or little about.
jjevans2009 1 year ago
@dankfizzy I'm sorry if I sound harsh, but I think you haven't actually studied the Constitution, that you're just restating political rhetoric. Why did they write the Constitution? To restrict their power? No no no, the Articles of Confederation,our first Constitution,didn't give the federal government enough power,so a new document was need that gave them more power to do things like tax people. Also,the supremacy clause clearly states that the federal government gives the states their power.
jjevans2009 1 year ago
why is schiff right more than anyone else?
MrHarry46 2 years ago
Comment removed
MrHarry46 2 years ago
In economics,there is no free lunch.If government try to artificially accelerate economy then the cost is inflation.The job of government is to protect the free market not to manipulate them.The government is increasing debt burden which means high taxes and inflation in future or longer term.The takeover of failed companies means making more mess instead of cleaning the market.if u let the market cleans itself .things will be much better soon but government is doing just the opposite,
omairzaman 2 years ago
Peter Schiff is like G.W. Bush...we can never admit he's wrong.
FoShizzle951 2 years ago
Do you have any idea what you're talking about? Did you predict the financial crisis years before it happened and accurately explain what was going to happen before it happened? Did you have thousands of clients who dramatically outperformed the American stock market over the past 10 years?
bobjman 2 years ago
Peter, Peter, Peter. It's Steve ****in' Liesman. C'mon guy, I know you know this...
BigDanWoT 2 years ago
This guy hopes the recession lasts as long as possible, and is as painful as possible just so his political ideology wins, and his hatred of Obama will be justified. Sick.
JohnnyBB82 2 years ago
You godless, ignorant piece of human waste. Are you so much a zombie that you have bought into the left and the rights bs? Obama is just another scumbag, maybe thats why you worship him. You are so blinded by your own bs that you can't see it in others.
JohnBigBootay 2 years ago
Wow, struck a nerve, did I? I never said anything about my religion, or my "worship" of Obama. I can see plenty of "bs," all around me, especially in this phony Schiff character. I support Obama, for now, just like I supported Bush to begin with, because, unlike you, apparently, I still believe in the little thing called American democracy. Call me crazy, but you're sounding awfully disingenuous. Get over yourself.
JohnnyBB82 2 years ago
Wow, you supported Bush and THEN you supported Obama? Who are you going to support next, Sarah Palin?
Why have virtually all the predictions Schff has made already come true. How come myself and everyone else who has been taking advice for years have been able to dramatically increase the value of their savings BECAUSE OF the global economic crisis?
Have most Americans savings increased dramatically in the past few years? Have yours?
bobjman 2 years ago
So, you're making money on the suffering of others? I can see why you and him would want this recession to go on for as long as possible. You people are parasites. I have my savings, but I'm not making money off the back of the down-turned economy. That's ridiculous. Do you also make bets on who will live and die in wars?
JohnnyBB82 2 years ago
You are not even sheep, anyone that follows the socialist\communist Obama are Veal. I saw your picture and I am going to cut you slack for being young. When you crawl out of your moms basement give me a ring. I will give you a job.
JohnBigBootay 2 years ago
You're ignorance is embarrassing yourself. You really should do more research before you post comments like that. He's saying that just like the policies of the whole Bush Admin. the Obama policies all provide temporary relief but further corrode the fundamentals of the economy. The US economy is very severally flawed and in chronic imbalance, and there is no way to address the LONG-TERM imbalances other than encouraging savings and sound monetary policy.
bobjman 2 years ago
I first supported Bush because he claimed to be a "compassionate conservative," and unlike many of you, will always give people the benefit of the doubt. When I realized I was wrong, I didn't hide that fact, I understood I was wrong and learned from my mistake. I don't blindly follow based on one or the other political ideology, like you apparently. I make my own judgement calls and don't hide from my mistakes.
JohnnyBB82 2 years ago
I blindly follow no one. I support people who oppose my ideology when we share honest commitments to common goals, as is the case with (D) Grayson and (I) Nader on monetary reform. I asked those questions, because the lack of sincerity of Bush in 2000 and more especially 2004 and the lack of sincerity of Obama were both very clear before their respective elections. To anyone who bothered to read beneath the surface, both Bush and Obama clearly the preservation of status quo as chief concern.
bobjman 2 years ago
I think it's laughable to try to compare Obama and Bush when they're clearly opposites. Obama only seems similar simply because he has to work within the framework of where Bush left it, and take incremental steps towards change.
JohnnyBB82 2 years ago
No need to hope it lasts a long time , the government no matter who you think is in charge is spending all that can be spent falsely thinking they can save this mess. I can't hate Obama but he realy is not doing anything that will benefit the American public just because he has now knowledge on how to solve anything.
btaylor9661 1 year ago
Pick your flavor....Bush bailouts or Obama bailouts
Melville10 2 years ago
Peter,
Thanks for fighting the good fight. Tell your dad to stay positive and that I LOVED "The Federal Mafia."
DrMotorDude 2 years ago
so much hate from some commenters. horrible.
we love you in the uk peter, and i sent in a donation because the world needs men like you, you give me hope, and personally that's why you got my donation. thank you. and good luck.
BA0084 2 years ago 2
This comment has received too many negative votes show
Most jews are trash. This guy seems OK.
jimj122680 2 years ago
Wow... someone needs to tone down the hate.
shuntsu 2 years ago
My eye is on the ball too man.
LiberalHuntingSeason 2 years ago
I would send you some campaign money but unfortunately I can't because I live in Finland :)
TheGreatPenetrator 2 years ago
offer to volunteer...its only for 1hr a day!
420canada247 2 years ago
Don't send him any money; he's super rich, he can afford to fund his own campaign.
jimj122680 2 years ago
Lies and more lies that this Obama administration is spitting out. Wallstreet is in bed with our enemies.Free market is being destroyed and more Government jobs are created.This will destroy are country.
movie58 2 years ago
I gauge the economy by job postings. There are a lot more job postings this month then there have been in months and months. Sorry Republican, I know you are rtooting for our country and Obama to fail, but the recovery is on. It will be a slow recovery, but things are moving in the right direction. Dow Jones over 10,000, too.
jensen1901 2 years ago
Hi Jensen. I am rooting for you to get an education so you learn when you should use "then" and when you should use "than". Additionally, you might learn that your economic measure is not valid. Then again, maybe not.
varange2 2 years ago
What kind of moron are you?
Go tell the thousands of people who just lost their jobs yesterday and the millions that are unemployed that the
economy is recovering.
FUCK the Dow Jones numbers and FUCK Obama the lying sack of shit. I guarantee if you go and tell someone who is jobless that the Dow Jones is above ten thousand they will probably just punch you in the face and say who gives a flying fuck.
Burningphoenix888 2 years ago 4
If you are out of a job, I understand, but if you have a job, why the anger?
olh1152 2 years ago
Actually I do have a job thank God.
Why the anger? Because I'm tired of watching Pete's videos all the time and checking the comments and seeing retarded ones that try to discredit him and claim that he doesn't know what he's talking about when he's clearly been right EVERY time up to this point. Yet, everyone thinks that they know more about the economy than him.
This jensen guy sounds like one of these Keynesian idiots on these phony debate shows that Pete is always on.
Burningphoenix888 2 years ago 2
Peter makes a lot of sense. February 2010 is the month to watch especially when the tax cuts expire.
olh1152 2 years ago 2
Peter makes sense but thats the problem. People don't want sense, because it makes to much sense. I still can't figure that one out but its the truth.
pirculator 2 years ago 2
I feel sorry for you. You obviously think that all Republicans watch Fox news all day and worship Limbaugh. Well, must of us here can barely stand Fox News and we think Limbaugh is one of the biggest idiots of all time. Have you watched all the videos where Schiff was on Fox News criticizing Bush's policy and warning about the financial crisis years before it happened only to be laughed at and mocked by the other Fox News anchors and "experts."?
bobjman 2 years ago
5:01
that sums it up
anarchistlead 2 years ago
Anyone who thinks the economy is recovering needs to look down their street. Where I live in Dayton, OH it is getting progressively worse. Time for America to give up on our Govt. to get us out of this.
h8tebred 2 years ago 2
Obama fools his koolaid-drinkers once again!
JimboVids 2 years ago 6
til the sun comes up, til the sun comes up.. take me home. hit it and quit it, thats what all guys like right?
mariamakenzie287 2 years ago
oh what a surprise, a nice little vlog of doom from the doom monger of Ct.....
turtleblues66 2 years ago
oh what a surprise another Obama kool-aid drinker.
Burningphoenix888 2 years ago
And bushit is not a republican, he is a dangerous neocon.
jmjfanss 2 years ago
I was stupid enough to NOT buy more real estate than I could afford, so now I must subsidize those living in McMansions they can't afford.
Stupid me.
I was stupid enough to buy a new car before the government subsidized the purchase, so I paid $4,500 more than the next guy.
Stupid me.
Some of us dolts just haven't learned that you should be subsidizing our lives. But it's finally sinking in.
PAY ME NOW, you greedy bastards.
TylerNull 2 years ago
fucking disgusting eggy whiste in his voice. he seems overfed.
nalm2025 2 years ago
The Democrats are in control and its all LIES from them !
ZZTWP :
zztwp 2 years ago
Peter SCHIFF for POTUS2012
UnderseaCaveman 2 years ago 2
Good news for America is bad news for conservatives. THe GOP is America's own terrorist insurgency!
Funny how last year you conservatives insisted that the recession didn't exist. you called Americans "a bunch of economic whiners" and said "the fundamentals of the economy are strong".
Now of course you claim that the recovery doesn't exist. Sorry conservatives, but you are so frequently off the mark, that you can't be trusted! So stop whining!
detoth67 2 years ago
detoth67, if you'd bothered to do the slightest bit of research before shitting all over your keyboard, you'd know that Schiff was talking about the depression well before it started.
husgvarnya 2 years ago 3
This is probable one of the most ignorant statements I've ever read on Youtube. You obviously have no idea who Peter Schiff is or how he predicted the financial crisis years before it happened, but was laughed at by EVERYONE on FOX NEWS. I feel sorry for you. I hope you don't have most your savings in US bank accounts or US treasury bonds.
bobjman 2 years ago
I can only go by what he says. What he says here is baseless and factless.
Lots of people predicted the financial crisis before it happened. Nobody did anything about it. Your glorious cult of free market capitalism created it. Schiff's plan would create more of these disasters.
I feel sorry for you. You've drank the Kool Aid of a fraud!
detoth67 2 years ago
The number of people that predicted the financial crisis to with the depth, clarity, and accuracy of Schiff can be counted on one hand. If you think I belong to a cult of free markets or that capitalism created the crisis you are very misinformed.
I'm an economist with a degree from a top 25 US university and have more formal economic training that Schiff does. I believed that we were due for a real estate correction since 2002, but had not foreseen the depth and magnitude until I read Schiff.
bobjman 2 years ago
While there are many immediate causes of the crisis with the blame covering most of the Republican and Democratic leadership, the fundamental cause of the crisis arises from the Federal reserve and it's setting of interest rates to 0% in real terms during the early 2003's. That was the necessary source of fuel that made the bubble economy possible.
There is no need to feel sorry for me, I've made a very large profit for myself BECAUSE OF my understanding of the crisis before it occurred.
bobjman 2 years ago
bobjman, what do you think is best to put your money into other than banks, some gold and some silver, all gold or what. I am concerned about all of this since the govt collected 107 billion in taxes in Feb. and spent 368 billion somehow, this cannot last in my opinion.
btaylor9661 1 year ago
GDP will be revised DOWN -
JOB Loss will Grow -
FreeAgain2 2 years ago
That is what you radical extremist conservatives desperately need. You have no policy and no agenda of your own. Nobody knows what you stand for except to fabricate conspiracy theories.
detoth67 2 years ago
peter, there is no other explanation to this then that they are doing this on purpose.
watch: "Soros: China Must Be Part Of The New World Order"
there is an agenda behind this to crush the US and bring in a world government controlled by the UN (big bankers).
watch also: "Is Obama Poised to Cede US Sovereignty?" and you will get the big picture!
wdcsucks1 2 years ago
yay, peter fixed his mic
ponder2006 2 years ago
Peter is the MAN!!!
BlueTunisia 2 years ago
not a shot at schiff, he's probably the smartest guy speaking right now. i'd vote for him in CT. but that obama and biden and gibbs and pelosi and dodd and frank, they're just out and out liars!
dgallegos4201 2 years ago
maybe china should run the world currency... they're asian, they're smart. fuck even though they're communists, i'm sure they can do real math. american politicians are just intellectually dishonest and obviously failed economics 101.
dgallegos4201 2 years ago
lol
Personally, Mounds was always my favorite.
1st Peter Schiff for Senate in 2010...
...then Peter & Paul 2012
purplefetus3 2 years ago
flip that around...paul and peter 2012!
shroomingnewman 2 years ago
yea, but Peter&Paul has a good ring to it. that's all.
Obviously, RP for prez and Schiff for VP
purplefetus3 2 years ago
Obama knows full well what he is doing and he is succeeding. question is, will we have a shred of the country left before the bastards are thrown out?
nurser11 2 years ago 3
Start a Third fourth fifth political party Mr. Schiff
It's your countries only chance and you know it.
brotherjupiter 2 years ago
American, it's too desperate to try to claim a national increase of 3.5% is all phony, if we set that up as a precedent, liberals will try to claim 3.5% GDP growth is phony under freer-market presidents as well. There's no doubt some of that 3.5% is only because we debt-spent, however a least a large chunk is from the usual source: entrepreneurs taking risks and creating new things, businesses, wealth. Of course, even with this, we're still below the GDP we had in January...
RuflessRecords 2 years ago
This guy would be great as a Senator, Treasury Secretary, maybe even President. Hope there's no broads on the side he's boffing.
Of course, he does believe in as free a market as possible so..."that must mean he's owned by the corporations, corporations corps, evil corps corpor, blah blah corporations".
RuflessRecords 2 years ago
GDP rising is good news, there's no way to spin it otherwise. It most probably means the beginning of the end of the recession. Everything else Schiff says is right on though...are jobs created by the govt spending trillions it doesn't have really good for the country? Instead of facing up to our problems now, we mortgage the future, trillions every year, so it's a little easier now, maybe? The debt is inexcusable, the "stimulus" was a stupid idea. The economy doesn't need the govt.
RuflessRecords 2 years ago
That's the kind of elitist attitude that Obama uses to justify his socialism - at that point it's just a pissing content for "who is smartest". Who's going to save cash in a 1.2% account when inflation is at least 6% and the dollar index keeps finding new lows? Gold, sure, but not cash. If not for the Fed, interest rates would be such that savings would make sense. Saving FRN's is a sucker's game in this economy.
flowerpt 2 years ago
How about a Paul/Schiff ticket !!!! Oh yea, I can feel the momentum building as the economy collapses !
thruid3 2 years ago 2
Peter & Paul 2012
purplefetus3 2 years ago
Peter, they are doing this all on purpose, just so you know. They realize that most people do not follow the economics of our country and so those clueless people just agree with everything the government does and says. The government is destroying our economy and future on PURPOSE!!!!! They know what they are doing. It's all about a one world currency and New World Order. They will make us rely on them. It's obvious with the takeover of just about everything by this fucking government.
kcoozzy 2 years ago 2
haha man, girls are as horny as guys. I know I am
susanlarissa3228 2 years ago
Subtract the phony gov't spending from GDP and let's really see how much the economy "grew."
ocpproduct 2 years ago 4
The Peter! Top stuff as always.
topshotmx8 2 years ago 3
Peter Schiff is Great. I like this blog. Dosen't it look like he gave it from the bowels of the Death Star? Stay strong in the Force Peter!! Great stuff as always Mr. Schiff.
QXZASX 2 years ago 3
Comment removed
QXZASX 2 years ago
The Federal Reserve is acting as an arm of the government. C'mon, Peter. You got it backwards. The government is acting as an arm of The Federal Reserve!
zamiman 2 years ago
People aren't stupid - they're not saving because savings are punished with inflation and low interest rates.
flowerpt 2 years ago
Much respect Peter. This video looks great...neo noir
midnightcatfight 2 years ago
Good one today Peter ... I got a good laugh out of Liesman's take on the Federal Reserve.
TheBlueBlazer2005 2 years ago
personal savings rate is BS...2% of their check...so if someone makes 100k a year and saves a whopping $2000 whoppie duptie doo...look at the savings rate in china..india...big big difference
9secondsflat 2 years ago
Peter, you look so official with your lapel pin. Keep up the good work!
upshotpotential 2 years ago
Schiff should be the FED Chairman. Or at the very least, President!
aspenmogul 2 years ago
Great vid Peter
Jozobrindie 2 years ago
I wish I could vote for ya Peter but since I'm living in Ontario Canada, I don't have a say. Your videos are very informative and needs to reach a larger audience to really spread the word on the TRUTH and not LIES that we hear day after day in the mainstream media. I fear that whatever happens in the USA, will eventually hit Canada and so far that has been the trend. People in the USA, my advice to you is WAKE UP. Don't believe the phony numbers reported by the gov't. The worst is yet to come.
FlukeyD 2 years ago
The Fed did it! They created this mess! End the Fed!
Thrice13 2 years ago
He is RIGHT ! The Truth Hurts, but we All know what is coming for America!
notpcone 2 years ago
great insights Peter! It's a shame that our government is causing all of this damage just for the very short term goal of re-electing a few incumbents. I hope there is a huge turnover over the next few years with fresh blood in Washington with people just like you!
Ericson578 2 years ago
This comment has received too many negative votes show
I just out of this bullshit, I don't care if we turn into socialist. We have all the bad parts of socialism now anyway, we need the good stuff too.
GretelGoldshark 2 years ago
It doesn't work that way. You don't get to pick and choose the good stuff without necessarily bringing about even more of the bad stuff. If you think things are bad now, you haven't seen anything yet.
bobjman 2 years ago 2
I didn't say we wouldn't get the bad stuff, I just want the good stuff too. Oh please you guys are so scared of everything. God I wish I could live in France, everyone send me 5 dollars and maybe I can go.
GretelGoldshark 2 years ago
So then what will you do when China and the rest of the East decides to stop funding France's economy in the same way they will stop funding ours?
bobjman 2 years ago
Then I'll hop on over to Sweden, awe that would be sweet. Theirs always another sugar daddy.
GretelGoldshark 2 years ago
Again, for a time perhaps but if you look at global capital flows the entire West is currently being funded by the credit extended by the east. West governments will either have to balance their budgets (which necessarily means cutting economic drains like universal healthcare) or suffer the same fate we're headed for. Will you be so eager to flee to Taiwan, China, or Russia when the free stuff runs out?
bobjman 2 years ago
Ok universal health will happen, and I don't think the West will cancel their credit card with east, so what does it matter where I want to live if were all headed for disaster.
GretelGoldshark 2 years ago
You're missing the point; the West will desperately be trying to keep their line of credit open. It will be the East who forces a default. Ask yourself this, how much longer will the East tolerate their loans being paid back in devalued currencies?
What would you do if you were a leader in the East? They have to pay to take care of their own problems too, you know.
How ironic is that the authoritarian governments of the world are funding the democracies?
A VERY, VERY ominous sign...
bobjman 2 years ago
Ok look I used to care about the FED and the East calling in their loans to the government but I'm tired of the whole thing. I totally get your point, I've seen Zeitgeist. But.. the world needs people like you to, so don't quit and I give you credit for not talking like a know-it-all asshole, like other people on here. People will just shut you out, if you start doing that.
GretelGoldshark 2 years ago
It is an ominous sign of war to come. I'm afraid that's the way it will end up. What else happens when a country can't pay up their debts? They come for the resources. US is resource rich. Ya know?
chop98 2 years ago
Blame the Fed
alanhowitzer 2 years ago
Can you imagine how the red socialist blood is boiling in the White House over the strong opposition promised by the Chamber of Commerce? You don't even have to imagine, it's real.
focus21x 2 years ago
i will say ole stevie boy is abig ole dough head lol
muffman11111 2 years ago
Sounds, from the Wall Street Journal this morning, that the Chamber of Commerce should support Shiff in a big way, and vice versa. Yet we need more new candidates, real "refounders" of America, like Peter Schiff and Ron Paul.
focus21x 2 years ago
Probably main stream media is corrupt and decieving people
dream2last 2 years ago
The GDP is measured in dollars which are flooding in from the FED as they devalue ( gold has risen 30% in 12 mnths). As such if the GDP was measure in ounces of gold the REAL value of the GDP has collapsed. Same for the Dow, its phony value,phony figures and yet everyone is hailing it as a great accomplishment. Just like inflation,unemployed, the GDP figures are a joke.
wazza33racer 2 years ago 4
Karl Denninger brought up these points in his blog yesterday, as well as the fact that some of the GDP numbers showed no evidence in other sectors... like shipping.
Good post Peter, keep them coming!
Atoyota 2 years ago
prey God Schiff, gets elected and ron paul runs for president
HereticNix 2 years ago
corrupt politician and media will not let him win
dream2last 2 years ago
where do you see growth? what is growth anyway and why do we need it? Instead of growth, how about simply doing things correctly... If someone doesn't have the money to buy something, its probably because they shouldn't have it.
Anything fueled by steady growth is unsustainable anyway so who cares even if we do have growth.
TheMetalPerson 2 years ago
Also, why is it that when I don't act excited at news like this, my friends accuse me of rejecting all good news.
Same thing with dow over 10,000.....
TheMetalPerson 2 years ago
GDP and CPI are highly distorted anyway. It's basically fraud.
watch?v=zPkTItOXuN0
Piscivorus 2 years ago
Schiff rock again. :)
VBioreactorBydlo 2 years ago
Awesome & Informative Video!
veritasfiles 2 years ago 2
Viva Peter Schiff! I'll donate on Nov. 5
Pnkbong 2 years ago 2
When I hear we had GDP growth, all I can think of is the fat pigs in Washington buying more double cheeseburgers.........
MOPEDBRAD 2 years ago 4
Dont know if anyone else noticed how absolutely giddy the MSM newscasters were. It seemed like that they could not repeat it often enough that "this is the result of Obama's stimulus plan". "It's working". Lord help us all.
RvNYC 2 years ago 2
NO FLAG PIN!
NO FLAG PIN!
NO FLAG PIN!
Peter, don't turn into a phony politician. No one is going to vote against you just because you don't wear a stupid flag pin.
tacotank10 2 years ago 3
lol
FatLibertarian 2 years ago
He's a Republican. No flag pin, no chance.
Anyway, everyone should show pride in America like Peter does every single day.
Sentinel4truth 2 years ago
He is wearing a flag on his lapel.
MrBankRuns 2 years ago
Yes, MrObvious, I noticed that.
Sentinel4truth 2 years ago
Thx Mr Schiff, but why not cash for coffee? Free refills discount lattes and iced mochas. Thats what America needs.And if you vote f4 me ...lol keep your eye of the prize.
boob1019 2 years ago
I really like Peter Schiff except for one thing. Mr. Schiff seams to think that everything that's happening is by chance and/or bone head decisions which couldn't be further from the truth. It's all PLANNED advance. Sometimes years in advance. There is no MARKET. It's just a bunch of numbers and stats that move in the direction the power elite charted many months in advance. All conducted for the purpose of transfer of wealth from the average joes to these power elites.
RedDelPaPa 2 years ago
Sad but true.
But in his defense, he's a hell of a lot smarter than the other 100 gang members in the senate.
Ya know?
Weapon01 2 years ago
It's best that Peter sticks to the libertarian script rather than delve into "man behind the curtain" blather. Conspiracy theory stuff is the 3rd rail. The instant he mentions the "Illuminati", he's a kook and it's all over. Be grateful Peter has some common sense, as did his righteous and self-sacrificing father.
Sentinel4truth 2 years ago
your right. even if peter thought this is all a conspiracy he shouldnt say it.
to me this is all about cheating. businesses cheating by colluding with government. its all about money, not a conspiracy. it just happens to look that way. its a natural progression that has happened to all empires. the thing that makes us different is not how we beat the odds. we didnt, we're collapsing just like all the others. its how we will recover. we will, and we will be even better than before.
michaelpshipley1 2 years ago
business cheating and colluding IS a conspirecy. the people who decide to cook the books need others to go along with it.
people need to get over their repulsion at conspiracy 'theories'.
and give up yr ra ra ra we're so great. americas future is a ruling class and a poor cheap labour working class, unless you learn to use your vote in the interests of your nation. no rebublican/democrat stooges
eugeneedwards 2 years ago
a conspiracy means a lot of entities working together to achieve a corrupt goal. i dont think this has happened. its a lot of individual entities taking advantage of a corrupt government.
michaelpshipley1 2 years ago
Well thats a first. Usually I check youtube and watch Peters new vids. This time I found a link to this exact vid.
Peter spreads fast!
Anythingwilldo41 2 years ago
This has been flagged as spam show
peter schiff 4 senate
sakura936 2 years ago
I know Peter will probably want to beat me over the head for asking this, but is Freddie Mac worth holding onto? I know you say this isn't a true economic recovery, but only disguised as one, but even if it's just disguised as one, wouldn't some of the financials still benefit from it? I'm speaking short term, sometime into early next year. I'm asking this because my average in FRE is 1.90, and I have a significant amount of money in it. Government doesn't seem to want to let FRE die...
Stalofos 2 years ago
I was hoping that you couldn't resist commenting on the GDP news... and I wasn't dissapointed.
Great insight as always.
strokjl 2 years ago
Thanks Peter! Great Update!
snslion 2 years ago
Video isn't playing!
ceasey0xoogurl 2 years ago
I saw CBS 2 Evening News with Katie Couric about this GDP growth and how we got out of the recession in the summer LOL " I said to my mother that Peter Schiff was going to have a video explaining the real deal...here it is!!
ceasey0xoogurl 2 years ago 2
I <3 P. Schiff
MrsMaxton 2 years ago
Great insight. You're doing an incredible job showing how badly policymakers, analysts and other economists are straying from balance and fundamentals. Hopefully they'll listen before it's too late.
haloisaprettycoolguy 2 years ago
Could you run in NY. We need more people like you in congress.
4McClain 2 years ago
Peter eventually names it: the root cause of all this mess. This is not just the government. This is the System - Populistic Democracy. And you peter cannot do anything with this even if you appear in Senate or become a president. You cannot do anything with the System. You in fact contradict yourself. Let it fail. Don't try to bail it out....
I know, I know -- this is too dangerous. And they know it.
666myas 2 years ago
"well obviously, it ain't workin out."
lol
michaelpshipley1 2 years ago
Local coverage for his Senate run, presumably. Go, Peter!
MooseOfReason 2 years ago
Steve Liesman chugs the government Kool-aid.
ciottini 2 years ago
I thank God every night for the regular doses of reality and rationale I get from hopefully soon to be Senator Schiff.
libertymagnet 2 years ago 3
he's looking better t han ever, lol. must be all the money he's making with all those predictions.
RDpapichulo 2 years ago 2
He looked like he was in a good mood...kinda had that look on his face that said "see I told you so"
detroitgreeks 2 years ago
Thanks for the vids=)
jsphbjmn 2 years ago
Liesman is an idiot. He believes whatever the government tells him.
prplhze2000 2 years ago
I vote Peter Shiff for Prime Minister of New Zealand!
... Can anyone second this for me?
julianchosun 2 years ago 2
i second that! if a shipley can be prime minister, anyone can. lol.
;-)
michaelpshipley1 2 years ago
Ron Paul for FREEEDOM!!!!!!
jcNOVA88 2 years ago
Comment removed
viehe69 2 years ago
Comment removed
viehe69 2 years ago
It seems they proclaim the recession is over every week.
rflosi 2 years ago 4
Amazing. Yesterday's video of yours had 10,000 views as of today. Today's video is cranking along and YouTube is not allocating server resources. (Taking longer to load than it does to play) This is not a connection issue on my side, as my own 10 min YouTube video is loading at a decent pace and keeps up with the play speed.
Just wanted to let you know that YouTube, as usual, sucks. And does not support viral videos the way it should.
Peter Schiff For Senate!
EFRose 2 years ago 2
awesome video Peter, I hope you win election.
SamuraiCommando 2 years ago
I detect a deflationary current.
My neighborhood Harris Teeter (super market chain headquarted in NC).
Buy 2 Mystic Pizzas, get 3 for free. I picked 2 pepperoni, 2 roasted veggies and a cheese.
Ben and Jerry Ice Cream 2 for $2.46. They had been 3 for $10 when on special. (You can calculate that without using your fingers and toes, right?)
The gal at the checkout said: you really like that pizza. I said: No I buy on price.
That's the Market Report from North Carolina for October 29th.
adamitshelanu 2 years ago
starts with deflation bro.. then INFLATION!!
benandreas369 2 years ago
I recalculated that on my fingers, toes and nose: B&J Flavors 2 for 4.46. I hope I didn't set off a market panic and force gold even higher!
adamitshelanu 2 years ago
I like you, Schiff, but you're a damn candy striper.
ThunderFodder 2 years ago
Much better audio quality today!
Pangora2 2 years ago
Print More Money
IWashMyOwnBrain <