June 23 The dollar, The Fed, condo lending, inflation

[BoycottRockefeller]

you're making some great points.. thanks for sharing your thoughts.. kudos

[vsaldanas]

You are so right again Mr.Schiff. Home prices need to come down alot more. In order to start the economy again at a slow pace. Home prices need to be at 1994-1995 home values once again.

[ronpaulflash]

China is unlikely to pull the plug on dollars. China is going to continue buying us debt, probably more than before. Eventually dollar is going to lose value, but not in a sudden way... If US stop importing products from China, then you will see inflation going to the roof... now it is deflation in play. Inflation is going to be years away....

[creten69]

i fell down and broke my collar bone,i didnt go to a dr,im too cheap and their stupid liars,thats how much i value my dollars.I kept working,i think thats normal.I would work for you for free.I'll drive to conneticut,i can live in my car.I dont want to take my $ and run out of america,i want america to produce and be the beacon.

Is there any way there are plans to unite all contries so that only the mega rich make out?Is there just gonna be a world cluster fuk?

[fortherichbytherich]

america lost Common sense

[mheine2006]

The economy is fine. Didn't this guy here about the green shoots.

[welsha72]

Why are the networks not smashing his door down trying to give him his own show?

[Gdkohlman]

The Austrians were right.

[pepeledog]

They are trying to re-inflate the housing bubble because that is the only industry we have left. We have no manufacturing. The service sector is being outsourced overseas. Construction has collapsed. The housing, with its increasing home asset values, was the only way that the economy could create "wealth".

[supreme600]

Yeah now the new bubble is cap and trade

[steveinamerica]

shiff for senate!

[curtishawkley]

Peter, you're being old fashioned. In the new system the dollar is worth whatever the Fed says it's worth and if you have a problem with that then maybe you're a terrorist.

[hohihoigf]

Our monetary system is the ideal postmodern experience. There is no 'there' there -- no reality -- only what the Fed and the government say.

[VVick3d]

Lol.

[cmstyz]

So basically the intent behind all the machinations the Government is undertaking amount to keeping home prices high and devaluing our currency to make paying debts cheaper while making the costs of the people grow.

It's so obvious that the Government/Treasury/FED do not have our best interests at heart. They're squeezing us like an overripe fruit at our expense...

My guess is that the reason they want to give the FED more power is so they'll be further away from Congressional oversight

[midnightcatfight]

Peter, the quality of your commentary is matched only by the awesomeness of that shirt. Keep um on their toes.

[welsha72]

I know. The regular guy look.

[marniespeaks]

California to Pay Creditors With I.O.U.s

[RAMKING61]

Guess who proposed the idea of a Consumer Financial Protection Agency to Obama? CHRIS DODD - the most corrupt piece of crap that ever took a payoff from Bankster nation!

[justl00knout]

6/21/2009 Dave Carpenter (AP- Personal finance writer) The impact of reform plan on consumers: "The Fed slept for 10 years after Congress gave it authority over predatory mortgage lending and did not issue rules till after the crises had peaked two years ago," said Mierzwinski, senior fellow on consumer issues at the Washington-based Public Interest Research Group... If you want real news it comes in bits and pieces like a puzzle(Yellow Journalism...Remember The Maine)...

[justl00knout]

6/18/2009 Washington (AP) Obama Spells Out Rules of Overhaul: The Obama plan would give the Federal Reserve new powers to oversee the entire financial system, hoping that the central bank will be able to deal with the kinds of problems that were allowed to build.

[bajen3]

Lucky!!

Take 1000 people. 500 says up....500 says down.

Take the group who guess right and let them guess again, and u get 250 who has right. Sud u have a real "guru" and that "guru" could bee a monky

[jonbmd]

Peter is a boody genius, too bad more people don't listen to him

[BBCcashville]

I can listen to this guy all day....

[rauchenfoofy]

i love the shirt!!

[dudebud007]

this is unbelievable, how fucken stupid so many americans are , still

paying attention to the guys shirt instead of what he's saying ??? wtf gimme a break

that's like watching american idol on tv while their house is getting robbed at the same time....but then again, americans are the best at that hehe

[BBCcashville]

You beat me too it.... the sky is falling and these folks are busy watching American Idol...lol

[aaron0883]

These people are crazy. I can't believe that people believe this irrational bullshit. The fact that these mindless gnomes are out there that think that that is anything but am awesome shirt amazes me ....

Ohh, and people probably shouldn't trust the government.

[ivailoi123]

Hi Peter

I have experienced hyperinflation. I know what it is. I want to give you some examples from my life to use in your video blog and radio show. People do not understand what a real inflationary crisis is. Write me here please.

[mickeykozzi]

hyperinflation is in the millions or billions...are you sure?

[ivailoi123]

I am from Bulgaria. According to Wikipedia one of the many definitions is 300% per year.

We denominated our currency removing 3 zeroes. this is 100 000 % for several years.

The shops updated the prices 3 times a day. I call it hyperinflation.

[cashmny78]

Who the hell cares what shirt he wears? He makes sense.

Still no comment on the smuggled bonds in Italy/Switzerland yet Peter? Maybe you work for "them" too! Where did my tin foil hat go?

[trem0lo]

Thanks Peter, love your videos.

Don't throw away the shirt, but the other posters are right--earth tones don't suit you well. Stick to blues and greens :)

[user197a]

Nice shirt

[RAMKING61]

The IMF is in the process of establishing SDRs(Special Drawing Rights) as the NEW world reserve currency. It will be a combination basket of fiat currencies - most likely the Dollar, Euro, Yen and Pound. The G20 committed 250 billion to new SDRs...thus hammering the final nail into the capitalism coffin. A new era of NWO Socialistic-Facism has begun.

[HeWhoPawns]

Peter, great video, but please throw that horrendous shirt into a bonfire immediately!!!

[bryandenehy76]

I was thinking the same thing right before I noticed your comment. Burn that shirt Peter. lol Great video though

[TheVampirella]

Wonder what size shirt he wears, I'd be more than happy to go shopping and buy him a new one.

Great info Peter.

[jsnvoe434]

The really big dollar crash we have all been waiting for is coming shortly. Either prepare now or go broke. Signup for the free National Inflation Association newsletter at: Inflation . us

[tripplethrendo]

peter i watch all your videos and it's really helped me with learning economics.

please, for the love of god, invest in a decent microphone <3

[happyfacepq]

keep up the good work peter!

[orangefield1]

great audio!

[myrelative]

didn't europe announce some monetary tightening today, so the dollar dropped?

something like that, I think someone on the equivalent of the board of governers of the fed said something like that.

[dudebud007]

euro jumped up big time today, hopefully it's the europeans who 1st come to their senses and dump the dollar, after all europe has always been the most civilized place on earth...it's their own idiocy for copying the american style model of living in the last 15 years, i guess they copied the recession as well LoL ....

[BlueSkies360]

I am gonna send this to my congresswomen again. I am trying to educate her.

[bajoverga]

Schiff, keep on keeping on. The movement is growing with each day.

[spdykat]

congress is for sale, that's what's happening. freddie and fanny are trying to do what they should do, and the greedy developers are lobbying congress and they're knuckling under.

[anevilpettingzoo]

I wish I had some money to put into commodities and didn't have to pay the fed and my state an additional $4000 in taxes.

[thirdcoastguy]

Thank you Peter for sharing your insights into the flawed economics of the Federal Reserve and our Federal Government. Long live free speech!

[stealinator]

Thanks for a continual vlog Peter, much appreciated.

[chainzdown2dadik]

this is truly insane. isn't creating a false housing market what got us in trouble to begin with?

[SolitonPL]

Obama is a puppet of the FED!

[gstkforever]

Peter, what do you think about AUY and EGO?

[jc7622]

Have any other countries ever radically increased the money supply and then been able to pull it back in with some kind of an "exit strategy"? Is it even possible? Has it happened before? I am a home builder and am already seeing the price of materials and labor going up. It should be going down since everything is so crappy, but they are going up. Has anyone else notice the price of food has been going up?

[fantasyfootballgod]

Run Peter, Run!

[microdeath123]

Is someone chasing him!?

Look out Peter!

[mtygdlp1983]

People don't know that the whole world will go to hell. The dollar is what's sustaining this economy. But once the world gets tired of the U.S. and ditch the dollar then everything will fall apart.

[myrelative]

what's your reasoning for that?

that might happen if the dollar looses it's value suddenly. but those type of events are very rare, if they happen at all.

peter is always creating a sense of urgency, but most likely it's going to be a gradual depreceation, like up until the crises.

there is no reason for anything to fall apart in that scenario. just a rapid but gradual reallocation of purchasing power.

happened before.

[dsalerno83]

Thank you Peter for informing us. I appreciate it !

[audioX1]

schiff 2010

[portlandore]

Barney Frank is the worst...

how does that slob stay in office?

[ctrader09]

the ignorant public

[myrelative]

naa, he's very popular among liberals for some reason

[microdeath123]

Do you have an opinion on the condo market in Vancouver, Canada?

[shiftedstuff]

It's vastly overpriced.

[vainamoinen17]

its going down after the olympics

[malibuhur12]

Thanks for keeping it real. Please move to Nevada and take Harry Reids position in the Senate.

[fal2grace]

Bernanke with more power...now that's a nightmare:)

[MengersDisciple]

No exit strategy?

Again???

If the generation that allowed the 16th amendment and the Federal Reserve system was a generation of fools, then there are absolutely no words to describe this generation...

[TheSmokingArgus]

The 13th Generation will be the Generation to End the FED.