Peter Schiff - First YouTube video blog.

[homertalk]

Gold around 900. 1st video blog

[zamiman]

just found this "official" channel. from now on, this is the only place I'll come for these video blogs. it would be great if others did the same like Peter mentioned. concentrate the views and ratings and hopefully help draw more people towards sane economic commentary. do your country a service. help reverse the thinking of brainwashed Keynesian lambs.

[dylan14570]

OK...and is the "stress test" just a prelude to the "bank holiday'? Seems like a good way to justify bank closings........???

[HomeOwnerWhoCares]

Thank you for telling us what we need to hear instead of what we want to hear. We need to value people such as Peter Schiff for speaking the truth especially when it involves money.

[phatcheck]

Hope you like your new mac. Good move!

[vonleixy]

I like Peter's explanation on the economics. When I studied Macroeconomics in college, I had the difficulty bridging he short run Keynesian economics with the long run economics where Y=F(technology, capital and effective labor) :)

[pntrain5]

Hey Mike, why did you close your account. I always want to hear both side of the story, even if the other side is make believe...

[odin422]

TRUTH!

[Krezipken]

Thanks again Peter, always a pleasure. If university would have been that interesting I would have attended the classes :-)

By the way, what is this 'novel virus' about? Imagine US enforces 'martial law' in order to stop the virus from spreading (pandemic). Hope WHO is not part of the financial scam that appears to be going on in 'The West'

[chunstiger]

I love hearing the truth. Keep up the good work Peter.

[gtele5hev]

Almost jumped over my head when read the news about China increasing their gold reserves since 2005 to 1000 tonnes. The only reason why they didn't screw up the whole gold market is simply because China now #1 gold producer and those increases came from buying domestic gold production, otherwise by now gold would really cost several thousands dollars per ounce. Anyway, that's really bullish news for gold market, totally agreed.

[myrelative]

well the domestic gold production would have gone to the world markets otherwise, so it did had an effect.

(if they already have the physical gold, not only bought gold for the future)

[gtele5hev]

I'm not sure how it works with respect to China - I mean they quite reluctant to export any commodities and rather keep them. So I think if it wasn't Chinese central bank that was buying this gold for their reserves, they probably wouldn't even produce all that gold. But that's my guess.

Just today's clip on China watch?v=ugW54S3yGtM

Amazing comparisons, the one that cracked me up: "China has more english speakers as a second language, than the US as a first"...

[Voy2378]

Nice blog. ST ere designed to be unrealistic because as Schiff said they think that this crisis about confidence. Also I would hope that Ron Paul would do something about putting Bernanke and Paulson in jail. :)

[kylix999]

i also think that peter schiff should have its own channel because some people tried to fool people that they are peter schiff.... and most of the users were confused,

i hope t will finally be official youtoobe channel of P. Schiff

[cent25]

LOL @ Mike Norman posting on here

[wcarlpdrysdale]

lol "This account is closed."

[Epic878787]

I think the "MikenormanChannel, AlexJonesChannel, PeterSchiffChannel" is all the same person trying to make money on youtube from the people he named the channels for and is just pissed because Peter may cut into his profit margin.

[Voy2378]

I agree.

[BlueSkies360]

Another great video. Thank you!

Guys don't forget that tomorrow there is the END the FED rally in the city near you. Get your nose out of YT, go do something!Visit endthefed[dot]us for more info.

[0cyris]

Wasn't Mike Norman one of the guys who thought the housing bubble would never burst?

[BlueSkies360]

MokeNorman: Go back to watching " I want to be Suzanne Boyle"

[MooseOfReason]

Here's what Mike Norman said in 2006: "I--first of all, I have no idea what Peter Schiff is talking about. I agree with Tom. I think they're gonna be up, probably up about 10%. What 'artificial lending standard' are you talking about!?"

That was a response to Schiff saying, "...sky-high real estate prices are going to come crashing back down to Earth."

So... who's trying to "steal your money"?

[howitzer24]

This whole Peter Schiff fandom started with a youtube video. Now Peter Schiff wants to have a monopoly on videos of him. I think it's fair.

[27johnny]

I think it people should look at the comments howitzer is responding to before negativing him

[mrsmathewes]

I agree. It appears the foul racist ones by the guy running the other channels were removed though. People can't see how sick and angry that person is and what howitzer was responding to.

[Epic878787]

I hope you will continue to do blogs that aren't so much about the basic fundamentals of economics(save that for your TV appearances) but more like this one or in depth on various issues be it gold, bonds, etc.

Maybe more forward looking so we don't make the same mistake regarding not seeing the deleveraging caused dollar rise, etc.

How about Canada? Isn't it in serious trouble given they will have to move their resources across an ocean for manufacturing instead of just across the boarder?

[myrelative]

I agree with that. your analysis of the housing/subprime market at the time of the mortgage brokers speach was amazing, but since then you seem to have turned your attention more to politics and less to profound investment stuff.

which is good and interesting for a while, but gets repetitive.

[minnesotachris]

Good to see you "officially" on YouTube Peter!

[27johnny]

Peter, I don't know if you happened to see any of the UK budget which was announced on Tuesday. Basically they are basing the whole budget/spending plans on projected growth figures of 3.5% for 2010. This seems optimistic to say the least! Have you any thoughts on this?

[alisoakita]

we are fools and serfs led by liars and thieves.