1/8/2009 Peter Schiff On FOX: Tough Love For Economy

[genrcflyer]

If less government is the answer, those Wall Street investment bankers should have stayed in their temples and dealt with their problems instead going to the government for $700 b worth of salvation. Privatize the profit and socialize the debt. Cut $5 billion out of the budget and watch the GDP go down the tubes. Tax cuts for the wealthy and capital gains cut so they could invest overseas instead of here. $22 bil hidden in UBS by 50K taxpayers just passes the bill down to the little guy.

[dbman086]

at 3:00 Peter knocks him out with words, you can see it hahahahahahahahaahha

[LeftLiberalSoCal]

Why do I always understand this crystal clear when I'm drunk?

[buzzz121]

Its funny how that works! Cheers

[erato99]

We're fucked....and yes this host is super annoying.

[lordvisionz]

why do i find the anchor irritating?

[justgetsome]

Peter is god.

[pepsimannampepsi]

How could people keep arguing with Peter Schiff after he continues to get things right., time and time again. You look like a fool arguing with Peter Schiff.

[chaniwie]

peter isnt 100% correct either. But the ppl who have argued with him were obviously fools.

[erato99]

He predicted our downturn in the eighties, our recession in the nineties and the complete collapse of today; nobody else has earned our respect if he hasn't.

[0995971056]

the anchor dude should stfu and let peter talk

[hailmarius]

I'd like to bitch slap that anchor man who likes to hear himself talk all the time. Journalism at its worst.

[IamAlexM16]

Our country has now become dependent on the countries that have loaned us money and produce the things we need.

[thinkrevolution]

Peter Schiff for US Senate

[Blondmoo]

Note to Host: Keep quite fool, let the intelligent one speak! You interrupted the best line of the night.... "The government can't give....what is hasn't taken from someone else" Middle class wake up!!!

[ozziindaus]

Furthermore, the consequences of this is that the middle class generally gets poorer especially when it has to rely on local workforce and produce. The last few decades were a very interesting period in global economics. Although real wages fell, it was hardly noticed because we imported deflation from low cost countries. This may soon come to an abrupt end b/c the US can barely afford to borrow or as Schiff say's, foreigners are no longer foolish enough to lend us money for our consumption

[subjer0]

The Fed has been inflating alot the dollar bill alot recently. And now OBama's 800 billion stimulus, the Fed will have to print even more dollars, to foot the bill of this 800 billion stimulus, which will create this hyper-inflation.

[ozziindaus]

Infact since the Feds inception, the dollar has lost about 96% of it's buying power through inflation but it will not neccessarily bring on hyper inflation. Personally I don't see it happening but as the last few decades have shown, real wages are not likely to keep up with the inevitable high inflation coming our way.

[mattgeb84]

printing money and spending it IS a TAX. It's called the "inflation tax" and its the biggest most dishonest tax of them all

[Minuteman9112012]

The corrupt U.N. no longer has any standing! They create problems wherever they go in this world. Oh yes, they were so much help in Rwanda!!

Go Israel!

U.N. truck=100pts.

U.N. building=1000pts.

U.N. leader=10000pts!

[blkraven7]

more stupid news readers trying to act intelligent!!!

[subjer0]

Omg this douchebag host should let Peter speak. Stop interrupting you fool!

[aw3212]

Q for the poster? If you see all these problems as I do and Peter does, how can you sell real estate with a straight face? Foreclosures were up 87% in 2008 compared with 2007 - wait till the impact of the unemployment really starts to hit the housing market. How could you advise someone to buy a house right now? I know there are some great deals right now, but they are realitive to the past not the future. Housing has A LOT more correcting to do!

[Philosophocus]

WOW, Fox had Schiff back on? This is news in and of itself!

[uniloop]

Mr. Schiff: I am sure you are rich enough to buy your own television channel so that you can explain to all of the america people what the Federal Reserve Bank media doesn't want them to know. Please do. You can save the world Peter.

[uniloop]

Obviously the US needs to borrow all its wealth from other countries. The creation of the Amero will be because the US dollar will become worthless. But the US military will be to strong to give up and become poor, so they will force the takeover of the peso and Canadian dollar, or else physical take over Canada and use all their wealth. Probably the Canadian government is also secretly planing this in order to maintain peace.

[ozziindaus]

Schiff's right but hyper inflation?? We shouldn't confuse high inflation with hyper inflation, they are completely different events with completely different causes. High inflation comes from irresponsible monetary policy which we may well see but hyper inflation is a result of a complete loss of confidence in the entire financial, governmental etc structures resulting in it's total collapse. Simply printing huge amounts of money may spark high inflation but not neccessarily hyper inflation.

[mrnat805]

Peter Schiff is an austrian economist, not a keynsian.

[utubehayter]

hyper inflation - is the next stage of high inflation. A slow and continous inflation can fool people, but if it grows beyond a certain rate, it quickly reaches critical mass and enters hyperinflation.

[ozziindaus]

That's my point. It's NOT the next stage and it takes a lot more uncertainties to create the hyper inflationary environemt. In 1933 the US government inflated the dollar through devaluation by 30% and did it again in the 70's by 50%. That's alot of inflation but not hyper inflation.

[utubehayter]

in 1933, it was the war (read millions of young men and man-hours), in 70s there was the sacrifice of the gold standard, what is going to be sacrificed this time?

[kryogenikz]

America that thousand dollars can buy you a pack of gum ....Classical!

[ruiner314]

It's fun to see how FOX has been treating Schiff so nicely since Obama won. He stopped being a threat to Bush and now he's the only one with real arguments against Obama.

[utubesucks2003]

Dude this anchor fucking sucks.

[TheRedPriestofVenice]

"The government can't give us anything that it doesn't take from us first."

Classic line.

.

[maartinjsh86]

zimbabwe here we come :)

[angel2901]

the only guy I trust!

[Gugguggug]

I'm a fan of Peter, but this was a terrible interview, the host obviously had an axe to grind and thought what he had to say was more interesting than what Peter was saying. Terrible journalism.

[billsaintkilda]

Yeah this guy used to be on bloomberg. He was a lot more refrained there. Something about Fox.

[spazznout]

The FED was put on notice. Kucinich D Ohio on the Floor of congress today declared he will introduce legislation to end the FED and return full Authority of the monetary system back to the Treasury as our Constitution was designed.

We must take to the streets very soon in Support of this bill. Yes we must soon face the snow and cold and leave our PCs. America is worth it. This is our country not theirs.

This maybe our last chance before we fall off the cliff.

[TheRedPriestofVenice]

Great idea. I'll be there.

[airborne373]

Elect me I will create 2X as many jobs as my opponent and give you the banks, carmakers, insurance companies 2X the amount as my opponent.

Does that make any sense? Of course not. So why do people believe this BS?

[krzyyysiek]

Peter is saying the same stuff all over again. Can't he go more into details finally?

[nepenthean]

read his books

[krzyyysiek]

I can't read his books, I live in Poland and I can't buy them ;/

[hara001]

you cannot bittorrent them?

[Boomer1949]

Tell me again how we got into this mess? Wasn't it all about making a killing on Wall Street? Driving up the price of stock by beating by a penny and cooking the books? Wasn't it the INVESTMENT banks and mortgage brokers who created all the phony loans and derivatives? Why isn't someone going to jail?

[EMPIRE0FLIES]

Obama is a puppet for the Fed bankers and CFR. Why is Obama driving this country into the ground? HEs just following orders.

[nepenthean]

agreed mate

[fornello123]

lame interviewer, peter is on top of his game as always

[gutrp]

u get extra pack of gumm....lol some of peters one liners r witty

[sungmee45]

People just don't want to listen!..Peter have been continiously repeating everything, still refuse to listen. They just want to listen to a lie, instead of the truth. At the end, when everything falls, it will be too late.

[hurrrrrrrrrrr]

Does Fox now agree with Schiff just because he's against Obama?:S

[10aces]

My sentiments exactly. It's incredibly transparent.

[samone217]

yeah, I think Peter's really bad at working out when he's being used.

nothing's changed with fox, around 3.40s the host shouts about congress like he gives a shit. no proper analysis and no truths.

[devilmirror]

Well, Peter wants more publicity also. He is a nice guy but he will agree to be a guest for any shows for free advertising. It's good strategy for everybody because he has wisdom to offer, at least for people here at youtube.

[Fighting89Back]

yes

[tommybarresi]

man that dude sure was jumpy and figity

[MrMP81]

Extra Pack Of Gum!

Woooooot!

[Martinx09]

The host doesn't sound snobby as the other ones. This interview was good.

[warpicachu]

obamamania! usa = kenya

[EdMan2012]

Peter Schiff is a true conservative capitalist not like these phonies running this country and economy.

[WakeUpNow2012]

peter wouldnt want to be a senator for 2010..you know why?? this country is being destroyed..theres no point

[WakeUpNow2012]

wtf?? lol this host is pretty laid back...

[koreanitalian2]

Peter is the man. He never gets thrown off by manipulative debating techniques.  Peter always stays cool and sharp.

[JackNeedles]

Great interview.

[davincij15]

Obama was a Senator not a congressman.

[EdMan2012]

?? a senator is a congressman

senators meet in congress

correct me if I'm wrong everyone.

[koki4o]

The Senate is one of the houses of Congress.

[elbuggo]

Representatives+Senators=Congr­ess

- Why don't you say Baracula, btw?

[stshell]

yea this host needs to just lead in and back off - we don't want to hear his commentary lol

[thereallurker]

JP Morgan planned a coup to overthrow the government because the rich were going to have pay more in taxes. 80 year later, Schiff wants to follow Morgan's footsteps.

[experimentsingeekdom]

Yeah - "Zimbabwe, here we come"...HAHAHAHAHAHAHA

[TheRedPriestofVenice]

Peter Schiff for Connecticut Senator, 2010.

[Stealth9292]

"You can get an extra pack of gum."

[jehnubis]

Zimbabwe here we come!

[jehnubis]

All hail Peter Schiff!!!

[koreanitalian2]

im voting for ron paul and peter schiff

[pulpBleacher]

I wish these hosts would would shut up and let the guests speak.

Peter is right on.

[Bravo412]

Ditto!

[tillo2008]

dammit, why is he always on fox :(

i realize there's alot of dummies out there that watch fox for informative and objective content, but the smart people that would listen and influence these statements don't waste their time with fox unless there's a simpsons on.

Also, watching fox to record this means ratings for fox who I wish would disapppear

[Bravo412]

Sounds like you're against free speech!

I didn't waste my vote, i voted for Ron Paul.

[tillo2008]

I'm not against free speach. I have no idea how you come to that conclusion from my statement.

If that were the case, would I not be the one afraid to speak out to the idiot masses that watch fox news?

My post wasn't about the presidential election, so I'm wondering where your attention span is.

[waypasthadenough]

The idiot masses put the marxist mutt in the white house.

When enough american MEN reach down and grab their balls and stiffen their backbones he will be dragged out of the white house and hanged for treason along with the rest of the commie("Liberal") scum in the congress.

Don't understand? Follow my links. Read the quotes page first. Then share and prepare.

[djsherin]

I can't believe we just elected Obama. Ron Paul is the only one who knows anything.

Ron Paul/Peter Schiff 2012!

[hsubllik]

Obama is a puppet Ron Paul is for real. Educate yourself don't believe anything from major news corps. or university studies. Practice co-op farming and own guns, and never give them up for ANY reason.

We need to balance the budget. Andrew Jackson did it, and was nearly murdered because of it. The assassin's weapon(s)misfired. Save Ron Paul, and remember our heroes and what they died for.

"I KILL THE BANK"

Andrew Jackson's favorite saying.

[supersocco]

Let Schiff talk you FOX prick.