Peter Schiff - The Schiff Report Video Blog - April 27, 2009

[TWSceptic]

This Schiff vs the fed thing is almost like a bad movie, where one guy actually knows what's wrong with a situation, and everyone keeps laughing at him. And then eventually things get so incredibly bad that everyone starts to get convinced that the one guy they were laughing at was actually right. And then they'll ask for his advice to clean up the mess afterwards. Unfortunately I think they wouldn't even do that, they'll probably just ignore him and continue the bad policy.

[julianmck]

Money had the substance taken out of it when gold backing was taken away. They will just switch to the Amero instead of the Greenback. Admiralty law puts off payment indefinetely. When they took away your ability to pay (by taking gold away from bank notes) they replaced it with something greater. They made everything prepaid. But I'm about as smart as a silver bar. Right Mr. Schiff? Check out my 2 vids on silver and commerce

[TimeForANewTeaParty]

peter schiff and ron paul have always known what is going to happen. listen to them!!!!!!

[PR13STG0RD0]

Campign Fopr Liberty Reports:

PETER SCHIFF IS RUNNING FOR CONNETICUT CONGRESS!!!

[BergenFana]

who are saying these things too, the sheeple don't get you. They are sleeping and they are falling for lies like everytime. I am buying gold anyway ;)

[secretarul]

Dear PETER !

The FED KNOWS EXACTLY what is doing !

You can bet your last dollar on that !

Plus, i like Schumpeter famous quote !

"a depression is for capitalism like a good, cold douche..."

;)

[Justbeatit999]

FOR EVERYONE who FOLLOWS JIM ROGERS, PETER SCHIFF, MARC FABER and RON PAUL... I just always go to financialtruth0.blogspot . com because they post all the latest videos there! Thanks for uploading this vid anyway!!!

[JUDASismyHERO]

lmao Hey Peter maybe if they lower Michelle Bundchen standard of living she will be more acceptable to you.

[GreenrushCapital]

Haha..Michelle Bundchen..

It's Giselle, but whatever..

Lesson learned - don't forget a supermodel's name if you get the chance to date her...

Nice vid Peter...

-Drew

[flowerpt]

The politicians need hyperinflation and under-reported CPI so they can meet their Social Security obligations.

[wcarlpdrysdale]

we don't mind the niggers and the chinks but we don't want the Irish

the year 740, many of the Khazars, a powerful Turkish tribe occupying the steppes of southern Russia, became converts to Judaism. But thay did not become Hebrew

do yourself a favor and learn the difference between the two

[christophermearly]

Bad analogy Peter. You devalued your superior intellect versus the supermodel's depreciating beauty!

Other than that keep it up :)

[patooshka]

Peter Schiff just keeps shining a big spotlight on the Emporers who run the American economy...all admiring their new clothes!!!!!

[iti999999]

Hi Peter ,i agrre with youre analysis,but there is a huge BUT ,i think there are a different fundamental problems of situation we are now and moves of administration , FED was only consequences ,in other words they had no other choices to keep America on top.....

1) if we talking about free market it has never really exist cause it was -all the factories ,busisnes production would never run from america (there was never free on the job market) so firstly we moved our production outside America

[iti999999]

and we cant blame them for doing that -otherwise they would be bankrupt on global market...

..

consequencion of that situation was that in US appeared bilions of $ but problem is that all that money was accumulated in only a few desision hands and in the same time number of people with decreasing profits (lets call them -work class) started to grown ..

...thats why i think FED and all this huge banks lowered % rate ,cause they had to invest somehow that money

[steamedturtle]

Peter Schiff: King of analogies.

[mlmbruce01]

At first we had junk bonds and now bad loans.

I can't wait for the next get rich quick grab by wall street.

Economic structure needs to change.

[gtele5hev]

-5% is not insanity - it's just pure socialism... Someone is paying you for the fact that you are using his money. It's not just like you're simply dating Gisele Bundchen, but she's also paying for your drinks everytime you go out. Try to sell that one to her :)

[Voy2378]

Peter you are cool. You should date supermodels.

Also nice video blog.

[john5246]

I don't know if they'll go for it, they're all about the plastic and Peter would make that bitch save.

[ares213]

Negative interest rate? Has this ever happened any other time in history?

So they say screw the helicopter. They're bringing in the B-52s to carpet bomb the economy.

[libertyeconomics]

Yes. They aren't talking about negative nominal rates, they are talking about negative real interest rates. This has been done. In fact, this is exactly what we suffer from. We have had a negative real rate of interest for many years, which is what precipitated this crash. The reason why the government wants negative interest rates is because the regime is bankrupt, and can't function without negative interest rates that are continually falling.

[MooseOfReason]

"Now in its 62nd year, the CFA Institute Annual Conference brings together investment professionals from around the world to hear industry leaders share insights on today's most critical investment issues."

Woohoo! Peter's an investment professional!

[caraclaudel]

Marxists want to destroy the middle class, so this policy is consistent with their goals. Impoverished people do not have much power.

[CrazyPianoMan1]

-5%... absolutely insane. Who are these people??

[frontier1701]

By the way..... Its Giselle NOT Michelle

[MooseOfReason]

He still nailed the analogy. Excuse the pun. :D

[Omnis2]

Killer pun. Hahaha.

Peter Schiff is awesome.

[frontier1701]

-5%...??? my loan calculator says you loan the money to me AND make monthly payments to me too??? Gimme all ya got.....

[DNATS]

wait, -5% meaning the lender actually pays me money when I borrow their money? Where can I get a deal like that? Sign me up!

[BlueSkies360]

DNATS: I think it means that you would have to pay 5% to keep your money in the bank (to keep it safe :)) Didn't Japan have something like that? No discount to borrowers, IMHO.

[chunstiger]

Excellent insight Peter. Can't get enough of the truth "porn".

[EcoFailure]

I think it was the light not the beer... but anyways, Peter, you do look very Floridian in this video... have a good time down there.

[alanhowitzer]

"The Fed can't pay us to borrow money." I think we're already there.

[cent25]

Peter, did you have a few beers on the plane?

[howitzer24]

Thanks for the update.

[a5of20borg1]

The Fed will declare a Force Majeure and shut down entitlement programs like Social Security and all the elderly people will all be living on the streets!

[a5of20borg1]

-5% who runs the Fed ? The Three Stooges! Also if people think that hyperinflation will boost wages thank again! Wages will shrink from their present state to smaller paychecks In other words if you take home $800 per week home now. In the future, your check will be $700 per week will prices will skyrocket until a loaf a bread cost $20,000in hyperinflatiion. Your $700 per week will be worthless. No one will be able to buy anything!

[jortizz]

I think the Fed is confident that it stop hyperinflation by raising interest rates, but in a country where almost everyone is in debt this will cause a depression.

Politically, this may be impossible to do so I think that's why Obama has been pressuring credit card companies not to raise their interest rates. He's fully aware that's what they will need to do.

Will we get hyperinflation or a depression? It's checkmate for the Fed so I'm just buying gold and waiting to see how it all plays out.

[BlueSkies360]

Thanks!

[aditivebr]

it would be ideal for the bundchen model to date me =P

[odin422]

WOW.......the day Interest Rates RISE will be the day when we start down the right track.

[MooseOfReason]

odin422, Don't forget, there are two ways the interest rate can rise. Either people save less, and banks have less money and therefore less for people to borrow, or the Federal Reserve increases the interest rate, oblivious to the consequences.