It's so easy to be in Schiff's position; that is, a position stationed in Reality. I feel sorry for the minions of The Lie; because when they are faced with people who are rooted in Reality, they have no way out and they end up looking like fools.
im a hip hop artist, i produced a song called "Audit the FED". just type that in with J.Skillz. i'm taking the truth and politics to my music. It needs to be spread. I'm very informative and I'm also very passionate about my art and I want to share knowledge. POWER IS IN THE PEOPLE! Go check out my video, promise you, you won't be disappointed.
"Ben has been very innovative in dealing with this crisis, and I would challenge others to step into this situation and do as good a job as he has done."
Well, seeing as how the fractional reserve central banking system is at the root of all of these problems, I would never step into that situation in the first place.
@jibbi4one Bullard is a traitor to the United States and to the US Constitution. He is paper-pushing (or should I say printing) empty suit. He should be dealt with accordingly. 99% of Americans are totally oblivious to the fact that the Federal Reserve as "Federal" as Federal Express is the cancer of our republic and has caused 99.9999% of our problems. The Fed must be abolished by whatever means necessary. When I see bureaucrats like Bullard and hear his voice, I am glad I fled the USSA.
@msungs If there was ever a "Creepy Bank Detector" or satellite it would point to the United States and the FED Reserve. In fact I would rather sit on a pile of Uranium than sit on a pile of depreciating U.S. dollars at lease with Uranium you can make money using it generating electricity or selling it.
James Bullard is a retard. We need to get rid of these FED positions so that stupid people like James Bullard and Alan Blinder can't screw up the economy. Without this bureaucracy these guys would be working at McDonalds flipping burgers which would pay them much more appropriately for their "productivity."
@pfeiffer101 Alan Blinder (what a perfect name....he literally has the blinders on, it's called printing money out of thin air and getting everyone drunk on low interest rates). Did anyone else notice Blinder's nervous ticks and other strange facial expressions. We have some real tools working at the Federal Reserve Bank as "Federal' as Federal Express. Where is the American outcry. Most people are too busy watching sports or American Idol.
Interesting....I guess you have to support Ben Bernake regardless of his decisions. I for one agree with Peter....let's chalk it up to a semi-mal-education Ben received w/o good clarity...he has done his best and that's all we ask of him. Ben is our friend...and we can all get wealthy on the moves Ben makes. (countering those moves). Peter you've done your best...many don't understand.
RP asked Bernanke if interest rates were to low earlier in the decade. Bernanke answered that nobody knows. And still he thinks that he is smart enough to fix interest rates today.
The most irritating thing about Schiff is not even his foolish Austrian opinions or his disregard for the facts and real economics, its the damn fact that he cannot bring himself to properly pronounce BERNANKE with an N, nor BERNAKE. Honestly, he spends so much hot hair blasting the guy, I would hope by now he would learned to say his name right on television of all places.
sure the 19 year old fed guy in this video is been scrwing the american people too.....so wath is he suppose to say about his boss,,,yea you are correct he is an idiot.
poor guy he may lose his job if he is alowded to think for himself
Schiff is a crank, and cranks always seem popular and insightful in difficult times, especially when all they have to do is spout vague generalities and bash the people in power actually trying to solve the crisis. In reality, his explantation are very unsophisticated and general, not deep or relevant for anyone with any real understanding of how these things work.
Since when are crank predictions right about everything? There's nothing sophisticated about the consequences of legalized counterfeiting and it's uncontrolled spending.
Well just like Bermanke you are totally wrong in your comments. Peter Schiff is a 'global financial strategist', that is his titel at Europacific. Now see the word global, well it means that he doesnt go into detail or specifics. that is left for his brokers. Schiff has also gotten alot of things right when predicting past and future problems. he is not perfect but he has a good track record.
@GusBariga Schiff is not an economist but is often styled as one, he is a stock broker and a sensationalist, as well as a populizer and vulgarizer. He takes very complex economic issues and boils them down into meaningless talking points, and forecasts enough doom to make Nostradamus blush. Yes there was a housing bubble, but a lot of people called that as well. He predicts hyperinflation in the middle of a disinflationary recession, and advocates fiscal cuts in a time of insufficient demand.
@hoodoo961 who cares if he is an economist or not, Anybody can become an economist in a week if they just pick up a 'economy for dummies' text book in the store. He never said he alone predicted the housing bubble but he among the few who did was very outspoken about it because he just can't keep his mouth still. The man likes to talk. And who says there is anything deflationary about the recession. Look at the price of gold compared to the dow jones for the past 10 years.
@hoodoo961 Fiscal cuts and budget cuts are essential in a recession because of the fact that during the boom there was already too much demand and the government together with the American people spent and consumed too much. Don't forget that supply creates demand so it was the governments subsidies and spending and borrowing that caused the housing bubble and the coming USA government bubble. USA government has to cut back or face hyperinflation if they keep printing
@GusBariga Fiscal cuts in a recession are foolish and harmful. And supply does not create demand, that is a foolish 19th century mantra discredited by Keynes in 1936. Inflation is only an issue if aggregate demand begins rapidly outpacing aggregate supply, that is, the opposite of a recession, when demand is too low to maintain full employment. Basic macro stuff.
@hoodoo961 Supply does create demand, that is simple logic. demand is endless but supply is scarce. The fed creates demand for the dollar because they supply dollars but because the supply of dollars is too big, demand will diminise. This is also all basic economics stuff. Keynes is proven non effectief, free markets with very limited regulation is the way to go. inflation is because of excessive money printing (supply side). you debase your currency inorder to pay off debt cheaper.
@GusBariga If supply of dollars outruns demand, demand does not diminish but the price falls, i.e. the interest rate. The idea is that, during a recession, demand for dollars is in fact excessive, as people want to hold liquid assets instead of productive investments. This causes interest rates to rise, causing even less investment. By increasing the supply of dollars, interest rates can come down and investment can resume, boosting aggregate demand enough to restore full employment.
@hoodoo961 raising interest rates during a recession is a good thing, fed rates were already at 1% before the housing bubble and because they were at 1% banks where able to take all those risks, now its at 0%, what do u think the consequences will be. the problem is ppl already borrowed and spent too much, they already printed too much, the only reason why they wont raise interest rates is because if they do, the dollar will come crashing down because they cant pay the interest on national debt.
@GusBariga Ugh. I feel like I am through the looking glass, where you think up is down and down is up. Aggregate demand falls in a recession, thats why there is a recession. Higher rates increase the cost of investment, hence there is less investment. If investment is already too low, how do you think even less will help end the recession? Your ideas would cause an even deeper slump. And no, the Fed does not print money to pay the debt, thats the beauty of an independent central bank.
@hoodoo961 i still dont see why this is so hard of a concept to grasp. Listen b4 the recession americans spent and borrowed too much, Now they have to cut back on spending and save some money(which clarifies the need of higher interest rates). The reason why there is less investement is because their are no savings. what you are advocating is that ppl who already spent all their borrowed money during the boom, spend some more. How will that help the economy in the long run?
@GusBariga There are savings, thats the point. Savings are essential to economic growth, but they only do anything for that growth if they are invested into creating new capital. Right now there is a recession because firms and banks are too reluctant to invest the available savings into those investments that will create jobs, bring down unemployment, and resume growth. And a lower rate of interest makes those investments more affordable.
@hoodoo961 and of course demand will deminise. who wants to hold worthless dollars, Do you think anyone outside of zimbabwe wants to hold zimbabwe dollars??, even their own civil servants get paid in dollars. Zimbabwe is not an exception when it comes to run away inflation, it is the rule.
@GusBariga You've basically got a situation of differences of degree with regard to the Zimbabwe thing. Yes, if the central bank monetizes way to much of the debt, i.e. prints to much money, hyper inflation will result. But the Fed is not going to print that much, because it is independent. And yes, the Fed is engaged in quantitative easing, but its not printing to the same, dangerous, degree. Think I'm wrong? Look up the present rate of core inflation, we are experiencing disinflation.
Once a FED stooge always a FED stooge. What are these 2 doing; vying for Bernanke's affection, what sycophants! Schiff is concise & to the point as usual.
hahaha, ben bernanke is innovative??? what the fuck is innovative about a central banker printing massive amounts of money, pay interest to banks for holding fed reserves, and buy bullshit assets from the member banks who.....surprise own the federal reserve!!! it is a balance sheet laundry machine! haha, these people make me sick
lol, I love the first guy has all sorts of nervous twitches. Maybe it's torrets, either that or he's allergic to his own BS. The other guy sounds like he's telling a joke of some sort.
Your Constitution gives Congress a blank check to tax , and borrow from you and your grandchildren, until hell freezes over.
Read Article I, Section 8, Clauses 1 and 2. It says that Congress has power to lay and collect taxes, and to borrow on the credit of the United States for purposes of providing for the common defense and general welfare.
So the stage was set long ago by the founding fathers to enable Congress to enslave you. And there isnt a thing that you can do about it.
@RoySC1 yes but every state has the right to nullify any federal law. In other words, if you don't want to be a victem to taxes, you move to a state that doesn't tax. It'sjust a matter of waking up our representatives, unfortunately which may be difficult due to the corperate influence in politics.
@RoySC1 they were allowed to lay and collect taxes on income until the 16th amendment passed in 1913.....the same great year we were given the federal reserve
Nowhere in those sections does it authorized Congress to bail-out banks, socialize health care, bankrupt our nation!! In fact if you bothered to read BOR Amendment 10 "powers NOT delegated... remain with the States" you see; the founders foresaw this problem & took measures to prevent it, but when has Congress followed let alone read the US Constitution?!
They foresaw the problems, because ancient ROME & EUROPE had been making the Debt mistakes and playing games with "notes" for centuries. That's why in addition to your EXCELLENT points, remember "...nothing but gold and silver ..." as legal tender. (even that couldn't stop the nonsense: Sherman Silver Act bankrupted the USA, and delivered us into the waiting arms of J.P.Morgan and his banksters.
This is not the first time someone has tried to defend Bernanke. It's always the same comment about inheriting a difficult situation but no examples of what he's done right.
@B00NAMAI Its because what hes done 'right' is to move money into the hands of rich bastards and big institutions. They dont want to admit that thats been the plan from the beginning.
Not enough time to name ONE thing Bernanke got right? He had a tough hand? You Fed cronies got to be kidding. All of your interviews are pathetic. I hope you guys are looking for new jobs b/c the American people are becoming ever more aware of your bullshitting thanks to Peter. End the Fed already. Schiff for senate . Com!
Oil producing Middle Eastern countries buy Treasures and give our oil companies exploration rights to protect their dictatorships.
I think China loans us money primarily because
1) after years of Communism, they're trying to force-build their entrepreneurial class by exporting to the US, and
2) the US Military has bases in Japan, Korea and the Indian Ocean, relations with Taiwan and naval ships patrolling the Strait of Malacca, China's only oil sea route.
They could have extorted the money instead but that's far too blatant and creates too much international tension immediately. "Borrowing" is much more subtle, so the extortion isn't realized until very late (sort of like the difference between heavy taxation upfront vs. taxing "little" and inflating a lot: Hard to notice until very late).
China's government controls their currency. In the US the private Federal Reserve Bank controls our monetary system & they're NOT about to forgive (wipe) our debt. It's called Permanent Indentured Servitude, you, your children, grandchildren, an so on are doomed forever...
Bullard's a tool, and so is everyone who is applauding for that weak, contrived statement.
Right. Let's empathize for Bernanke and everyone who helped him get to that point because he's INCOMPETENT. He's a total failure. To be at the top of the Federal Reserve and NOT EVEN SEE A PROBLEM COMING, let alone the BIGGEST CRISIS SINCE THE GREAT DEPRESSION, and he claims to be an EXPERT on the great depression? HOGWASH! He's a puppet!
have any fed chiefs, governors, presidents, FOMC VOTING MEMBERS, ever had sole profit and loss respobsibility for a MAJOR BANK OR CORPORATION,,,,check out their resume's and find out what kind of HACKS have been ruling your world.
it disturbs me how people insist on deifying people in positions of power regardless of there tract record of failed policies and inability to address their consequences while they simply apply the same failed tactics over and over again with the same results its like a doctor prescribing zanax for a cold and telling the patient after a week of no recovery from the cold to just down the whole bottle too much of the wrong medicine kills you. these corrupt doctors in dc are making us overdose
The private fed is the most evil and most robbery institution in this world. Woodrow wilson's act will be remembered as the most betrayal act in mankind history. Abraham taught his children so well that they keep money and power in the family for any prices even if it has to be in-breeding with your family member. incest is their usual business.
Well, it does not matter who is the "front guy" - just like with obama, bernanke is just the face outwards. He does not really make any decisions, the elite bankers and industrialized "fucks" as Bill Hicks calls them, makes all the decisions, and the front men (that we see on tv) are carrying out those decisions. Change the person in control and change nothing. Change the system, and then we might see some real change
this clip reminds me of a voltaire quote, it's dangerout to be right when the establishment is wrong." also, as far as the free market goes, there is proof if you open your eyes. prices of goods or services in industries not controlled or regulated by the government, (electronics, lasik surgery, plastic surgery, etc) see prices fall where prices in industries heavily controlled or regulated by the government (education and healthcare) see prices go up. market forces bring prices down
I remember getting low grades on a few college essays for failing to use examples to back up my writing. These guys debating Schiff have nothing to cite when asked what Bernanke has gotten right. Saying he has a difficult job, citing a crisis is all just B.S. Schiff's only problem is being right when most everyone else is wrong - which makes him seem extreme to a lot of people.
Actually my friend America is a republic with some democratic elements on a state scale than the federal government. I agree with you though. The Federal Reserve Act should have never happened, it is un-Constitutional. Peter was set up in this to make him look foolish and help their good friend Chris Dodd get re-elected. When do we get to try these corrupt officials under Constitutional laws and lock them up for life?
well you wouldn't know the difference since the US has never had a free market before and likely never will.
anyone who talks about free markets is talking nonsense since there has never been a free market in the world, its only an academic theory that has never been applied.
i disagree, free markets have existed in human history, and in animal history. Surely the first markets in existence were free of government behavior, and surely numerous free market niches have existed through out history. They probably have not been well documented.
But we HAVE had near-complete government control of economies. And those have been horrendous. It's safe to assume that moving as far away from that would be a good thing.
animal history? you mean, i will take your stuff for free after i kill you type of 'free market'. sure, why don't you tell me where you live and i'll show you some free market principles.
don't be naive. governments are set up as a layer of management to skim off the top. you think people would elect to be in government unless there is something in it for them?
Animal history - monkeys have been trained to use money, and they generally used it to buy sex from other monkeys who then used it to buy food from humans.
No, i do not mean "i will take your stuff for free after i kill you" Governments CAN have a place in a free market - enforcing property rights and contracts. Thus people CAN benefit from governments. People, now, idiotically believe that the government should be in control of everything.
sorry, but monkeys do not qualify as 'society' and 'market'. i hope thats not the best example of a free market in human history yo can come up with.
no kidding, the theory is that in utopia, nobody ever needs to work for money any more either. all you are purporting is theory not practical application. you think you can give authority and power to an entity like the government and all they will do is enforce rights and contracts for peanuts?
Your claim that people are talking nonsense because there has never been a free market is incorrect, markets existed before governments did.
1-Markets where government does not have authority is a free-market. Free Markets have existed throughout history - any frontier would have counted. And, as i was trying to point out with my animal claim, some animals have nothing similar to a government, but those same animals act in market-esque ways: ie. food for sex, and countless other 'transactions'.
Also, your claim doesn't work because, even if we have never witnessed a free market, and even if we can' t derive information from direct observation of a free market, we should not dismiss the benefits of the theory. The theory is NOT nonsense.
Have we witnessed the tectonic plates? No. Have we seen the inside of stars? No. Have we witnessed atoms? No. Have we any theory explaining inertia? No, but we should not ignore these theories, the same way we should not ignore the Free Market theory.
So the other two gentlemen politely stay quiet and give Peter time to talk yet when it is their turn Peter thinks its not enough that he has made his point already but would like to shout it again and interrupt. Very childish.
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes
The two clowns sitting on either side of Schiff are traitors to this country. We the People of the United States ought to demand REAL investigations and prosecutions immediately! It is time for this mockery of what this country was, could, and should be again to come to an abrupt end.
God I love Peter!!! This once again shows how others refuse to accept what is REALLY happening. It's ok that we fucked up financially, it's not okay to continue ignorinf THE FACT we fucked up. Admit our mistake, get a solution and let's get to WORK!!!
Thats funny how he asks him to name 1 thing he did right, he said that there wasnt enough time, then Peter names 3 big things really quick and he still couldnt name 1.
He is still milking the taxpaers, and he should get to the neurologist to address that goofy, face-twisting tick. Or maybe a psych-ward... or better yet his Rabbi to discuss his GUILT. Maybe that's why he can't control his face: deep down he knows he's SCUM.
Peter is not alone in these predictions. He is part of a small group of contrarians that have made excellent calls thus far. The difference with Peter is that he has a huugely straightforward and broad understanding and resonating perspective. You just know the guy GETS IT! He wants everyone else to too.
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte, 1815
Hey you know Obama always caves in to right wing pressure and Obama himself is pretty right wing so why don't you guys go on Fox News and call Bernanke a communist that way Obama will remove him in the spirit of bipartisanship.
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Schiff is good and all but he doesnt understand hyperinflation. We have a huge debt bubble and its about to implode, which is hugely deflationary. There is a difference between currency inflation and credit inflation. Currency inflation cant be taken back, credit inflation imploded when people cant pay the bills and default. Just look at dubai last week. Its starting already. Peter needs to hold his gold as a hedge but to short the market like crazy.He will remain in foreign stocks like a sucker
haha. I wonder if the Fed tools knew they would be sitting at both sides of a guy who tells the truth without a care of the status quo ogliarchs who control the monetary system.
guys the reason they were trying to speak with such calm voice to try so hard to maintain composure in front of the audience is because i believe most of them are ivy league students lol.. which would make it bad if they don't look good in front of their disciples, but peter does bust their "we get things right" myth quite well.
Bernanke is part of the reason why unemployment is so high, same with greenspan. So suggesting he got something right...
doesnt make sense. He contributed to the cause of the entire collapse in the first place, so making it sound as if he inherited something is absolute nonsense.
Good points. I think its called 'talking in platitudes' when someone says some meaningless phrase like 'Bernanke got a lot of things right' or 'he was dealt a difficult hand' and your points too. they require no proof, sound knowledgeable and fools believe this crap as if its reality. Erhard said:- '..I want you GET that you live your lives as if what is REAL to you is Reality - its NOT!..'
But the two on the ends are wonderful butt kissers.
Bernanke, in his race to make the Obama administration shine overstated some thing s and downplayed others and thats why he's been wrong on so many things.
"I would challenge others to step into the job and do as well..."
I think he misses the point that Bernanke's "job" shouldn't even exist. But then again...maybe he know that deep down inside hence the strange wording.
"NEW YORK (AP) — American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Benmosche of $7 million in cash and stock."
YEAH The more things change the more they stay the same ?
That's not what I said ..I only said Obama is no different ..His Aunt from Kenya living in US public housing paid for by the WORKING ciizens of Massachusetts is illegal..Can you believe that ..She's illegal!!! that's right I'll say it again..SHE'S IN THE COUNTRY ILLEGALLY with NO JOBBBB!!...I'll take it one step further... one of his best friends is Govenor of the State of Massachusetts Duval Patrick.Obama sourrounds himself with crooks..HE'S NO DIFFERENT..That's all I said...
So China is loaning us these hundreds of billions soon to be trillions of dollars.......
Maybe I'm missing somthing but isn't a loan normally money transfered in one direction where it builds a bit in interest and goes back the other. When do we start repaying?
They are like savings bonds. They buy bonds that represent a repayment. however, once the fed eventually raises interest rates, our debt will explode from it from what I have read.
OMG, everyone is using that line" He was dealt a hard hand" Just like the excuse for our president, who bt the way has done nothing right to help this economy.
All of us Americans are having a harder time each day trying to get by but Bernanke and his millionair buddies don't mind stealing the value of our dollars so they can get it at 0% interest then loan it back to us with extremely high rates.
the last guy to speak is typical of the problem with men today.He has the "Who am I to judge" syndrome,"yea everyone (including ben bernanke) is a winner "
Peter Schiff is by a factor of 10 the most intelligent and honest man there.
asking the tough questions that intelligent U.S. citizens would ask if they were sitting where he is.
Hey all, I am a fellow Peter Schiff supporter. I am running a page on facebook called "The Great Economic Debate of 2009: What You Need to Know Right Now" I am trying to promote Peter Schiff and Austrian Economics. Currently have 9 fans but would love to have more. Please sign up and post your input. I have some great figures up there!
Technocrats usually are complete idiots that are deceptive enough to make even bigger idiots believe they are smart
IxenBlaze 1 month ago
It's so easy to be in Schiff's position; that is, a position stationed in Reality. I feel sorry for the minions of The Lie; because when they are faced with people who are rooted in Reality, they have no way out and they end up looking like fools.
983215ljhlkadbspig6y 1 month ago
Go Peter! You tha man!
USTreasuryBond 1 month ago
Innovative? We don't need an innovative monetary policy, we had that.
USTreasuryBond 1 month ago
Ben Bernanke is just like the Pharisees in Jesus' day. They both should have known the truth well beforehand!
MONOPOLY35 2 months ago
Schiff : Imma let you speak but Bernanke is the idiot of all times.
jersieu02 7 months ago
He is not an Idiot ,he is a Zionist !
asad24041992 8 months ago
This has been flagged as spam show
im a hip hop artist, i produced a song called "Audit the FED". just type that in with J.Skillz. i'm taking the truth and politics to my music. It needs to be spread. I'm very informative and I'm also very passionate about my art and I want to share knowledge. POWER IS IN THE PEOPLE! Go check out my video, promise you, you won't be disappointed.
jskillzis4hh4 8 months ago
HAHA !!! Schiff owned those fools ! A shame the rest is censored. He must have owned them even more.
BarrySlisk 9 months ago
I would put the fed chair in Prison for counterfeiting. Then I would put the FED out of business..
wolfengheist 9 months ago
Exactly what is innovative about lowering interest rates?
Pdrum2 10 months ago
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Oh yeah right, he's really trying to help.
Pdrum2 10 months ago
at least there is one guy on the panel who is willing to be honest
casienwhey 10 months ago
Not enough time to name ONE thing that Ben Bernanke got right? Huh? You just validated Peter's point, Alan Blinder.
geglockn 11 months ago
"Ben has been very innovative in dealing with this crisis, and I would challenge others to step into this situation and do as good a job as he has done."
Well, seeing as how the fractional reserve central banking system is at the root of all of these problems, I would never step into that situation in the first place.
dvida001 1 year ago
That uptight weasel from the St.louis Fed. is a dunce!
Vambo1958 1 year ago
Are there no ends to American denial?
MisterEvil1 1 year ago
Bullard is a typical apologist for a parasitic wasteful banking system.
jibbi4one 1 year ago
@jibbi4one Bullard is a traitor to the United States and to the US Constitution. He is paper-pushing (or should I say printing) empty suit. He should be dealt with accordingly. 99% of Americans are totally oblivious to the fact that the Federal Reserve as "Federal" as Federal Express is the cancer of our republic and has caused 99.9999% of our problems. The Fed must be abolished by whatever means necessary. When I see bureaucrats like Bullard and hear his voice, I am glad I fled the USSA.
msungs 1 year ago
@msungs If there was ever a "Creepy Bank Detector" or satellite it would point to the United States and the FED Reserve. In fact I would rather sit on a pile of Uranium than sit on a pile of depreciating U.S. dollars at lease with Uranium you can make money using it generating electricity or selling it.
jibbi4one 1 year ago
Man could you imagine if Schiff had gotten into the senate to be able to question Bernanke himself---that would have been interesting...
Instead we get Dick Blumenthal who cares about the energy/ alcohal drink 4 loco and mindless shit like that....UGGGhhh lame!!
tonybonez 1 year ago
@tonybonez haha, that's why dik got the job! Everybody should know they put who they want in office.
Normally, the biggest cons and the best actors win. Who you gonna vote for? wth
a2zhandi 1 year ago
@a2zhandi I didn't vote for him.
Pdrum2 10 months ago
@Pdrum2 doesn't matter. Your vote wouldn't mean shit anyway. NOBODIES does.
And even if there was an actual truthful tally, How in HELL can you choose the lesser of two evils?
As far as I'm concerned, you can't. Thus is why I have never voted a day in my life. "vote" is actually a four letter word
a2zhandi 10 months ago
@a2zhandi Exactly
Pdrum2 10 months ago
I wish we could see the whole debate!!!!!
roseagain2 1 year ago
Jame Bullard was dick driving benanake. What a dick!
castillo183 1 year ago
James Bullard is a retard. We need to get rid of these FED positions so that stupid people like James Bullard and Alan Blinder can't screw up the economy. Without this bureaucracy these guys would be working at McDonalds flipping burgers which would pay them much more appropriately for their "productivity."
pfeiffer101 1 year ago
@pfeiffer101 Alan Blinder (what a perfect name....he literally has the blinders on, it's called printing money out of thin air and getting everyone drunk on low interest rates). Did anyone else notice Blinder's nervous ticks and other strange facial expressions. We have some real tools working at the Federal Reserve Bank as "Federal' as Federal Express. Where is the American outcry. Most people are too busy watching sports or American Idol.
msungs 1 year ago
@msungs pathetic isn't it
a2zhandi 1 year ago
"Ben Bernake got a lot of things right"
"What? Name one."
"I don't think we have enough time"
- The time it takes to remember one thing Bernake got right is more than we have.
2000warrior 1 year ago 8
Interesting....I guess you have to support Ben Bernake regardless of his decisions. I for one agree with Peter....let's chalk it up to a semi-mal-education Ben received w/o good clarity...he has done his best and that's all we ask of him. Ben is our friend...and we can all get wealthy on the moves Ben makes. (countering those moves). Peter you've done your best...many don't understand.
AccuracyMarked 1 year ago 2
why the fuck did it cut off like that?!?!!?!?!?
yumerican001 1 year ago
@ 3:55
How about this for a challenge. Audit the damn thing, once and for all.
Covering up for the Fuhrer I see ?
MrObamaHATESwhites 1 year ago
RP asked Bernanke if interest rates were to low earlier in the decade. Bernanke answered that nobody knows. And still he thinks that he is smart enough to fix interest rates today.
Voy2378 1 year ago
I'm certain that peter said at the end of that segment something along the lines of: "Where do I sign up to accept your challenge?"
fatjohn1408 1 year ago
"...Ben Bernanke got a lot of things right."
"WHAT?"
"What?"
"Yeah, name one."
"I don't think we have enough time for that."
LOL! Fail.
AxiomaticObserver 1 year ago 8
The most irritating thing about Schiff is not even his foolish Austrian opinions or his disregard for the facts and real economics, its the damn fact that he cannot bring himself to properly pronounce BERNANKE with an N, nor BERNAKE. Honestly, he spends so much hot hair blasting the guy, I would hope by now he would learned to say his name right on television of all places.
hoodoo961 1 year ago
sure the 19 year old fed guy in this video is been scrwing the american people too.....so wath is he suppose to say about his boss,,,yea you are correct he is an idiot.
poor guy he may lose his job if he is alowded to think for himself
argentumliberty 1 year ago
How can those other two guys even sleep at night? Such Tools. Goooh(dot)com <---- Go there, and help fire ALL of these morons.
Daggerhart 1 year ago 2
He wanted to nit pick and then expect us to allow him to not know the date? Fuck that shill.
twistedbydsign99 1 year ago
Schiff is a crank, and cranks always seem popular and insightful in difficult times, especially when all they have to do is spout vague generalities and bash the people in power actually trying to solve the crisis. In reality, his explantation are very unsophisticated and general, not deep or relevant for anyone with any real understanding of how these things work.
hoodoo961 1 year ago
@hoodoo961
Since when are crank predictions right about everything? There's nothing sophisticated about the consequences of legalized counterfeiting and it's uncontrolled spending.
j1a2r34 1 year ago
@hoodoo961
Well just like Bermanke you are totally wrong in your comments. Peter Schiff is a 'global financial strategist', that is his titel at Europacific. Now see the word global, well it means that he doesnt go into detail or specifics. that is left for his brokers. Schiff has also gotten alot of things right when predicting past and future problems. he is not perfect but he has a good track record.
GusBariga 1 year ago
@GusBariga Schiff is not an economist but is often styled as one, he is a stock broker and a sensationalist, as well as a populizer and vulgarizer. He takes very complex economic issues and boils them down into meaningless talking points, and forecasts enough doom to make Nostradamus blush. Yes there was a housing bubble, but a lot of people called that as well. He predicts hyperinflation in the middle of a disinflationary recession, and advocates fiscal cuts in a time of insufficient demand.
hoodoo961 1 year ago
@hoodoo961 who cares if he is an economist or not, Anybody can become an economist in a week if they just pick up a 'economy for dummies' text book in the store. He never said he alone predicted the housing bubble but he among the few who did was very outspoken about it because he just can't keep his mouth still. The man likes to talk. And who says there is anything deflationary about the recession. Look at the price of gold compared to the dow jones for the past 10 years.
GusBariga 1 year ago
@hoodoo961 Fiscal cuts and budget cuts are essential in a recession because of the fact that during the boom there was already too much demand and the government together with the American people spent and consumed too much. Don't forget that supply creates demand so it was the governments subsidies and spending and borrowing that caused the housing bubble and the coming USA government bubble. USA government has to cut back or face hyperinflation if they keep printing
GusBariga 1 year ago
@GusBariga Fiscal cuts in a recession are foolish and harmful. And supply does not create demand, that is a foolish 19th century mantra discredited by Keynes in 1936. Inflation is only an issue if aggregate demand begins rapidly outpacing aggregate supply, that is, the opposite of a recession, when demand is too low to maintain full employment. Basic macro stuff.
hoodoo961 1 year ago
@hoodoo961 Supply does create demand, that is simple logic. demand is endless but supply is scarce. The fed creates demand for the dollar because they supply dollars but because the supply of dollars is too big, demand will diminise. This is also all basic economics stuff. Keynes is proven non effectief, free markets with very limited regulation is the way to go. inflation is because of excessive money printing (supply side). you debase your currency inorder to pay off debt cheaper.
GusBariga 1 year ago
@GusBariga If supply of dollars outruns demand, demand does not diminish but the price falls, i.e. the interest rate. The idea is that, during a recession, demand for dollars is in fact excessive, as people want to hold liquid assets instead of productive investments. This causes interest rates to rise, causing even less investment. By increasing the supply of dollars, interest rates can come down and investment can resume, boosting aggregate demand enough to restore full employment.
hoodoo961 1 year ago
@hoodoo961 raising interest rates during a recession is a good thing, fed rates were already at 1% before the housing bubble and because they were at 1% banks where able to take all those risks, now its at 0%, what do u think the consequences will be. the problem is ppl already borrowed and spent too much, they already printed too much, the only reason why they wont raise interest rates is because if they do, the dollar will come crashing down because they cant pay the interest on national debt.
GusBariga 1 year ago
@GusBariga Ugh. I feel like I am through the looking glass, where you think up is down and down is up. Aggregate demand falls in a recession, thats why there is a recession. Higher rates increase the cost of investment, hence there is less investment. If investment is already too low, how do you think even less will help end the recession? Your ideas would cause an even deeper slump. And no, the Fed does not print money to pay the debt, thats the beauty of an independent central bank.
hoodoo961 1 year ago
@hoodoo961 i still dont see why this is so hard of a concept to grasp. Listen b4 the recession americans spent and borrowed too much, Now they have to cut back on spending and save some money(which clarifies the need of higher interest rates). The reason why there is less investement is because their are no savings. what you are advocating is that ppl who already spent all their borrowed money during the boom, spend some more. How will that help the economy in the long run?
GusBariga 1 year ago
@GusBariga There are savings, thats the point. Savings are essential to economic growth, but they only do anything for that growth if they are invested into creating new capital. Right now there is a recession because firms and banks are too reluctant to invest the available savings into those investments that will create jobs, bring down unemployment, and resume growth. And a lower rate of interest makes those investments more affordable.
hoodoo961 1 year ago
@hoodoo961 and of course demand will deminise. who wants to hold worthless dollars, Do you think anyone outside of zimbabwe wants to hold zimbabwe dollars??, even their own civil servants get paid in dollars. Zimbabwe is not an exception when it comes to run away inflation, it is the rule.
GusBariga 1 year ago
@GusBariga You've basically got a situation of differences of degree with regard to the Zimbabwe thing. Yes, if the central bank monetizes way to much of the debt, i.e. prints to much money, hyper inflation will result. But the Fed is not going to print that much, because it is independent. And yes, the Fed is engaged in quantitative easing, but its not printing to the same, dangerous, degree. Think I'm wrong? Look up the present rate of core inflation, we are experiencing disinflation.
hoodoo961 1 year ago
03:37 - Nurse Ratched from "Cuckoo's Nest"
engine2truck6 1 year ago
Once a FED stooge always a FED stooge. What are these 2 doing; vying for Bernanke's affection, what sycophants! Schiff is concise & to the point as usual.
cresidue 1 year ago 2
hahaha, ben bernanke is innovative??? what the fuck is innovative about a central banker printing massive amounts of money, pay interest to banks for holding fed reserves, and buy bullshit assets from the member banks who.....surprise own the federal reserve!!! it is a balance sheet laundry machine! haha, these people make me sick
soundmoneyfan 1 year ago 3
LOL, you're right!
cresidue 1 year ago
Boo sir! Boo i say !
raspberrybaggio 1 year ago
lol, I love the first guy has all sorts of nervous twitches. Maybe it's torrets, either that or he's allergic to his own BS. The other guy sounds like he's telling a joke of some sort.
secretbonus 1 year ago 2
@secretbonus Blinder does have Tourette's syndrome
soundmoneyfan 1 year ago
@soundmoneyfan : He could be a tweeker, or perhaps it's guilt?
Meh, must be a tweeker.
espada9 1 year ago
hahaha
soundmoneyfan 1 year ago
BOOO! those Fed stooges!! BOO! THEM!!!
smileythegnome 1 year ago 4
Your Constitution gives Congress a blank check to tax , and borrow from you and your grandchildren, until hell freezes over.
Read Article I, Section 8, Clauses 1 and 2. It says that Congress has power to lay and collect taxes, and to borrow on the credit of the United States for purposes of providing for the common defense and general welfare.
So the stage was set long ago by the founding fathers to enable Congress to enslave you. And there isnt a thing that you can do about it.
RoySC1 1 year ago
@RoySC1 yes but every state has the right to nullify any federal law. In other words, if you don't want to be a victem to taxes, you move to a state that doesn't tax. It'sjust a matter of waking up our representatives, unfortunately which may be difficult due to the corperate influence in politics.
secretbonus 1 year ago 2
@RoySC1 they were allowed to lay and collect taxes on income until the 16th amendment passed in 1913.....the same great year we were given the federal reserve
soundmoneyfan 1 year ago
Thank you. Apparently you & I are the only ones here to notice that. :)
cresidue 1 year ago
Nowhere in those sections does it authorized Congress to bail-out banks, socialize health care, bankrupt our nation!! In fact if you bothered to read BOR Amendment 10 "powers NOT delegated... remain with the States" you see; the founders foresaw this problem & took measures to prevent it, but when has Congress followed let alone read the US Constitution?!
cresidue 1 year ago 3
They foresaw the problems, because ancient ROME & EUROPE had been making the Debt mistakes and playing games with "notes" for centuries. That's why in addition to your EXCELLENT points, remember "...nothing but gold and silver ..." as legal tender. (even that couldn't stop the nonsense: Sherman Silver Act bankrupted the USA, and delivered us into the waiting arms of J.P.Morgan and his banksters.
engine2truck6 1 year ago
It really isnt hard to see whats going on here with all this money moving around.
mrgimp420 1 year ago
This is not the first time someone has tried to defend Bernanke. It's always the same comment about inheriting a difficult situation but no examples of what he's done right.
B00NAMAI 2 years ago 4
@B00NAMAI Its because what hes done 'right' is to move money into the hands of rich bastards and big institutions. They dont want to admit that thats been the plan from the beginning.
mrgimp420 1 year ago
He was on the FED board for YEARS, and was chairman during BUSH, and directly steered us into this crisis.
engine2truck6 1 year ago 2
damn, and i got excited when i thought he was going to name something Ben Shalom got right. total letdown.
hela113 2 years ago
Not enough time to name ONE thing Bernanke got right? He had a tough hand? You Fed cronies got to be kidding. All of your interviews are pathetic. I hope you guys are looking for new jobs b/c the American people are becoming ever more aware of your bullshitting thanks to Peter. End the Fed already. Schiff for senate . Com!
AngryPenguin27 2 years ago
Did not China wipe their foreign debt years ago? The US should do the same and charge the world for our operations and policing.
Cuah123 2 years ago
I think they already do.
Oil producing Middle Eastern countries buy Treasures and give our oil companies exploration rights to protect their dictatorships.
I think China loans us money primarily because
1) after years of Communism, they're trying to force-build their entrepreneurial class by exporting to the US, and
2) the US Military has bases in Japan, Korea and the Indian Ocean, relations with Taiwan and naval ships patrolling the Strait of Malacca, China's only oil sea route.
thomasst2 2 years ago
They could have extorted the money instead but that's far too blatant and creates too much international tension immediately. "Borrowing" is much more subtle, so the extortion isn't realized until very late (sort of like the difference between heavy taxation upfront vs. taxing "little" and inflating a lot: Hard to notice until very late).
thomasst2 2 years ago
China's government controls their currency. In the US the private Federal Reserve Bank controls our monetary system & they're NOT about to forgive (wipe) our debt. It's called Permanent Indentured Servitude, you, your children, grandchildren, an so on are doomed forever...
cresidue 1 year ago
Peter Schiff is 100% Right the others are idiot puppets
gwald 2 years ago 2
Peter Schiff 1083 - Puppet Bankers 0
TruthForums 2 years ago
3:06
"name one"
"I don't think we have enough time"
good come back.
feck2112 2 years ago 2
do you support ben bernake ?
MrFatbee 2 years ago
At the end, Schiff should have said "I'll do it! I volunteer!".
NoisemakerArrow 2 years ago
That's funny, I was thinking the exact same thing. It looked like he was about to...
cresidue 1 year ago
Bullard's a tool, and so is everyone who is applauding for that weak, contrived statement.
Right. Let's empathize for Bernanke and everyone who helped him get to that point because he's INCOMPETENT. He's a total failure. To be at the top of the Federal Reserve and NOT EVEN SEE A PROBLEM COMING, let alone the BIGGEST CRISIS SINCE THE GREAT DEPRESSION, and he claims to be an EXPERT on the great depression? HOGWASH! He's a puppet!
qwertypipe 2 years ago 4
have any fed chiefs, governors, presidents, FOMC VOTING MEMBERS, ever had sole profit and loss respobsibility for a MAJOR BANK OR CORPORATION,,,,check out their resume's and find out what kind of HACKS have been ruling your world.
ERROLCUSTERFLYNN4EVR 2 years ago
al blinder flunked COMMON SENSE 100.
ERROLCUSTERFLYNN4EVR 2 years ago
Is there a clip that shows the full length debate?
jonassaetre 2 years ago 3
The answer is yes: Bernanke is a total idiot.
787Bisurdaddy 2 years ago 45
Wow, what a complete idiot (at the end of this segment). "Oh he was dealt a difficult hand, so it's OK that he screwed up." ****ing moron.
rolexx 2 years ago 35
@rolexx If your dealt a difficult hand, then you fold. If there are no investment opportunities you don't go all-in.
Bernanke is cluless about finance or even gambling.
Visfen 1 year ago 2
it disturbs me how people insist on deifying people in positions of power regardless of there tract record of failed policies and inability to address their consequences while they simply apply the same failed tactics over and over again with the same results its like a doctor prescribing zanax for a cold and telling the patient after a week of no recovery from the cold to just down the whole bottle too much of the wrong medicine kills you. these corrupt doctors in dc are making us overdose
Depletethestate 2 years ago
The private fed is the most evil and most robbery institution in this world. Woodrow wilson's act will be remembered as the most betrayal act in mankind history. Abraham taught his children so well that they keep money and power in the family for any prices even if it has to be in-breeding with your family member. incest is their usual business.
Luckyhai 2 years ago
Ben Bernanke is secretive, and the Federal Reserve is not transparent.
Ben Bernanke does NOT deserve a second term. Help our economy recover, boot-out Bernanke!
TainaAtheist1 2 years ago 3
Well, it does not matter who is the "front guy" - just like with obama, bernanke is just the face outwards. He does not really make any decisions, the elite bankers and industrialized "fucks" as Bill Hicks calls them, makes all the decisions, and the front men (that we see on tv) are carrying out those decisions. Change the person in control and change nothing. Change the system, and then we might see some real change
forestloves 2 years ago 3
very well said!
jewels2uu 2 years ago
nice comeback from those guys supporting bernanke.....haha
skliros 2 years ago
this clip reminds me of a voltaire quote, it's dangerout to be right when the establishment is wrong." also, as far as the free market goes, there is proof if you open your eyes. prices of goods or services in industries not controlled or regulated by the government, (electronics, lasik surgery, plastic surgery, etc) see prices fall where prices in industries heavily controlled or regulated by the government (education and healthcare) see prices go up. market forces bring prices down
akpoker21 2 years ago
That was a gold ring on Ben's finger.
13gold13 2 years ago
Greed sucks
g00se99 2 years ago
I remember getting low grades on a few college essays for failing to use examples to back up my writing. These guys debating Schiff have nothing to cite when asked what Bernanke has gotten right. Saying he has a difficult job, citing a crisis is all just B.S. Schiff's only problem is being right when most everyone else is wrong - which makes him seem extreme to a lot of people.
magnumpk 2 years ago
Fed Reserve, not one elected official. Total monetary control. Yeah democracy my ass.
Hagbarchaline 2 years ago
Actually my friend America is a republic with some democratic elements on a state scale than the federal government. I agree with you though. The Federal Reserve Act should have never happened, it is un-Constitutional. Peter was set up in this to make him look foolish and help their good friend Chris Dodd get re-elected. When do we get to try these corrupt officials under Constitutional laws and lock them up for life?
residentzombie 2 years ago
Wow, those guys would love to suck Bernanke's dick if they were given the chance. Maybe even give him a rusty trombone....
Fuck the fed.
evangrogers 2 years ago
"let the free market fix it"...
as if there is a free market in the US. with that kind of platform, its no wonder that hes 2nd to last place in the CT senate polls.
EnhydraLutris1 2 years ago
@EnhydraLutris1
Maybe, just maybe, the reason why everything is going so god awful is because we DON"T have a free market...
Maybe...
Just a small maybe on that one...
Real small
evangrogers 2 years ago
well you wouldn't know the difference since the US has never had a free market before and likely never will.
anyone who talks about free markets is talking nonsense since there has never been a free market in the world, its only an academic theory that has never been applied.
EnhydraLutris1 2 years ago
i disagree, free markets have existed in human history, and in animal history. Surely the first markets in existence were free of government behavior, and surely numerous free market niches have existed through out history. They probably have not been well documented.
But we HAVE had near-complete government control of economies. And those have been horrendous. It's safe to assume that moving as far away from that would be a good thing.
evangrogers 2 years ago
animal history? you mean, i will take your stuff for free after i kill you type of 'free market'. sure, why don't you tell me where you live and i'll show you some free market principles.
don't be naive. governments are set up as a layer of management to skim off the top. you think people would elect to be in government unless there is something in it for them?
EnhydraLutris1 2 years ago
Animal history - monkeys have been trained to use money, and they generally used it to buy sex from other monkeys who then used it to buy food from humans.
No, i do not mean "i will take your stuff for free after i kill you" Governments CAN have a place in a free market - enforcing property rights and contracts. Thus people CAN benefit from governments. People, now, idiotically believe that the government should be in control of everything.
evangrogers 2 years ago
sorry, but monkeys do not qualify as 'society' and 'market'. i hope thats not the best example of a free market in human history yo can come up with.
no kidding, the theory is that in utopia, nobody ever needs to work for money any more either. all you are purporting is theory not practical application. you think you can give authority and power to an entity like the government and all they will do is enforce rights and contracts for peanuts?
EnhydraLutris1 2 years ago
Your claim that people are talking nonsense because there has never been a free market is incorrect, markets existed before governments did.
1-Markets where government does not have authority is a free-market. Free Markets have existed throughout history - any frontier would have counted. And, as i was trying to point out with my animal claim, some animals have nothing similar to a government, but those same animals act in market-esque ways: ie. food for sex, and countless other 'transactions'.
evangrogers 2 years ago
Also, your claim doesn't work because, even if we have never witnessed a free market, and even if we can' t derive information from direct observation of a free market, we should not dismiss the benefits of the theory. The theory is NOT nonsense.
Have we witnessed the tectonic plates? No. Have we seen the inside of stars? No. Have we witnessed atoms? No. Have we any theory explaining inertia? No, but we should not ignore these theories, the same way we should not ignore the Free Market theory.
evangrogers 2 years ago
we've never had a collective of morons like you before in the US, its an unfolding experiment.
EnhydraLutris1 2 years ago
Governments have a place anywhere and we have the right to disobey them as well.
rockstarofredondo 2 years ago
Agreed. Governments CAN be productive - they can enforce private property rights amongst other things (... things i can't quite think of right now!)
evangrogers 2 years ago
The bald guy doesnt have time to name a single thing that Bernanke got right .... HAHAHAHA this is the most hilarious video I have ever seen!!
rony1thomas 2 years ago 3
So the other two gentlemen politely stay quiet and give Peter time to talk yet when it is their turn Peter thinks its not enough that he has made his point already but would like to shout it again and interrupt. Very childish.
minaung1 2 years ago
LOL
benanke was put into this situation by others?
Bernanke fucked up teh economy on purpose. It's not hard to see.
Government bailout is a faster form of payment that having to sell things.
jetsamjetsam 2 years ago 2
@SeexyyAamberr hey sexy amberr!! your looking reaalll gooodd
waterse 2 years ago
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes
bigbriinbama 2 years ago 2
Excellent quote and quite appropriate!
The two clowns sitting on either side of Schiff are traitors to this country. We the People of the United States ought to demand REAL investigations and prosecutions immediately! It is time for this mockery of what this country was, could, and should be again to come to an abrupt end.
chuska8383 2 years ago
Who's scum?
jumpers3 2 years ago
God I hope to see Peter on the same stage with Dodd.
jumpers3 2 years ago
SO TYPICAL !
They always protect people in power with the good ol responses such as:
"They inherited a difficult spot"
"I dare anyone to do a better job considering what position he was in"
concujak 2 years ago
God I love Peter!!! This once again shows how others refuse to accept what is REALLY happening. It's ok that we fucked up financially, it's not okay to continue ignorinf THE FACT we fucked up. Admit our mistake, get a solution and let's get to WORK!!!
dirtynas 2 years ago 2
Thats funny how he asks him to name 1 thing he did right, he said that there wasnt enough time, then Peter names 3 big things really quick and he still couldnt name 1.
Martial024 2 years ago 2
Former fed chairs arent's supposed to be critical of their own, wonder if he is still getting his tax-payer paid pension.
Ciaresayton 2 years ago
He is still milking the taxpaers, and he should get to the neurologist to address that goofy, face-twisting tick. Or maybe a psych-ward... or better yet his Rabbi to discuss his GUILT. Maybe that's why he can't control his face: deep down he knows he's SCUM.
engine2truck6 2 years ago
Peter is not alone in these predictions. He is part of a small group of contrarians that have made excellent calls thus far. The difference with Peter is that he has a huugely straightforward and broad understanding and resonating perspective. You just know the guy GETS IT! He wants everyone else to too.
paulemeany 2 years ago 5
Go Peter!
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte, 1815
MyImago 2 years ago 2
peter schiff is awesome and these other two bernanke penis-lickers make me sick
LOVE PETER SCHIFF and RON PAUL! the TRUTH will set you free
p/s SAVING money is a VIRTUE, not a vice ... yeah, i know, mind-blowing, hu?
rtardbox 2 years ago 7
china SAVES too much?
bernanke is a total douche-bag idiot
rtardbox 2 years ago 3
The more I listen to Peter Schiff, the more EVERYTHING makes sense!!
5 STARS!
BlueTunisia 2 years ago 5
Hey you know Obama always caves in to right wing pressure and Obama himself is pretty right wing so why don't you guys go on Fox News and call Bernanke a communist that way Obama will remove him in the spirit of bipartisanship.
Joe402 2 years ago
Peter's got to be sick of having to spar with those drones. Good job Peter! Wake up audience!
JCNinja78 2 years ago 6
peter fighting the propaganda. Killen um two at a time.
scottrex33 2 years ago 3
This comment has received too many negative votes show
Schiff is good and all but he doesnt understand hyperinflation. We have a huge debt bubble and its about to implode, which is hugely deflationary. There is a difference between currency inflation and credit inflation. Currency inflation cant be taken back, credit inflation imploded when people cant pay the bills and default. Just look at dubai last week. Its starting already. Peter needs to hold his gold as a hedge but to short the market like crazy.He will remain in foreign stocks like a sucker
30percentplusreturns 2 years ago
I dont know how u can claim to understand hyperinflation.
Have a look at this video (/watch?v=mM3_z2RB3YU) of the Zimbabwe currency loosing value due to over printing by Mugabe.
Of course not all foreign stocks are good, i mean that is logical for a kid too. Like Iceland with all its boom similar to Dubai went kaput.
Select stocks in China, Japan, India probably should hold more weight.
jaideepbs 2 years ago
haha. I wonder if the Fed tools knew they would be sitting at both sides of a guy who tells the truth without a care of the status quo ogliarchs who control the monetary system.
Desnoxvu 2 years ago
guys the reason they were trying to speak with such calm voice to try so hard to maintain composure in front of the audience is because i believe most of them are ivy league students lol.. which would make it bad if they don't look good in front of their disciples, but peter does bust their "we get things right" myth quite well.
spyletu 2 years ago
That Bullard guy gives me the creeps, there`s someone who like power a little too much.
kcirdrab 2 years ago
If I was Peter I'd have to lean over and punch both of them in the face.
Either they're blatant manipulative liars or they're fucking retarded.
They're economists..... I'm gonna go with blatant liars.
elitebanktyranny 2 years ago
Bernanke is part of the reason why unemployment is so high, same with greenspan. So suggesting he got something right...
doesnt make sense. He contributed to the cause of the entire collapse in the first place, so making it sound as if he inherited something is absolute nonsense.
audiohi 2 years ago
How Peter remains calm around retards is beyond me.
audiohi 2 years ago 2
Pwned!
AdognamedOp 2 years ago
Agree, he stood his ground and wanted the others to prove him wrong.
And all the others were acting like they had this invisible force making them kiss Bernanke's butt.
But the two sorry excuses were:
1. He got many things right but I can't mention one -- OMG.
2. And he's done a wonderful job and anyone else could have not done better. - Really, and how can anyone prove this argument?
makeinstall 2 years ago 2
Good points. I think its called 'talking in platitudes' when someone says some meaningless phrase like 'Bernanke got a lot of things right' or 'he was dealt a difficult hand' and your points too. they require no proof, sound knowledgeable and fools believe this crap as if its reality. Erhard said:- '..I want you GET that you live your lives as if what is REAL to you is Reality - its NOT!..'
chrislebensmother 2 years ago
Wow, nobody could come up with anything.
But the two on the ends are wonderful butt kissers.
Bernanke, in his race to make the Obama administration shine overstated some thing s and downplayed others and thats why he's been wrong on so many things.
makeinstall 2 years ago
"I would challenge others to step into the job and do as well..."
I think he misses the point that Bernanke's "job" shouldn't even exist. But then again...maybe he know that deep down inside hence the strange wording.
Nickelodeon2002 2 years ago
Guy could not say one thing that Bernanke did that was GOOD!!! Amazing.
They must be hugely intimidated by Peter.
lenny380 2 years ago 3
i like when anytime someone asks for an example of how someone is supposedly doing a good job the sheep tell em there isnt enough time. b.s.
metalmaniac2010 2 years ago 3
The FED is the problem!
Shaunt1 2 years ago 3
"NEW YORK (AP) — American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Benmosche of $7 million in cash and stock."
YEAH The more things change the more they stay the same ?
tr33887 2 years ago
Ben Bernanke wasn't dealt anything. He created the mess in the first place with bailouts. Who do you think Paulson was relying on for advice?
Zile77 2 years ago 2
That's not what I said ..I only said Obama is no different ..His Aunt from Kenya living in US public housing paid for by the WORKING ciizens of Massachusetts is illegal..Can you believe that ..She's illegal!!! that's right I'll say it again..SHE'S IN THE COUNTRY ILLEGALLY with NO JOBBBB!!...I'll take it one step further... one of his best friends is Govenor of the State of Massachusetts Duval Patrick.Obama sourrounds himself with crooks..HE'S NO DIFFERENT..That's all I said...
crrlm8 2 years ago
So China is loaning us these hundreds of billions soon to be trillions of dollars.......
Maybe I'm missing somthing but isn't a loan normally money transfered in one direction where it builds a bit in interest and goes back the other. When do we start repaying?
Fitzcard 2 years ago
We don't.
andrewh23 2 years ago
They are like savings bonds. They buy bonds that represent a repayment. however, once the fed eventually raises interest rates, our debt will explode from it from what I have read.
Zoklor 2 years ago
The monetary system has been fucked since the 1913 federal reserve act. This economy implosion has been in the play book since day one.
stuntdoogie 2 years ago
OMG, everyone is using that line" He was dealt a hard hand" Just like the excuse for our president, who bt the way has done nothing right to help this economy.
Zoklor 2 years ago
All of us Americans are having a harder time each day trying to get by but Bernanke and his millionair buddies don't mind stealing the value of our dollars so they can get it at 0% interest then loan it back to us with extremely high rates.
Desnoxvu 2 years ago
the last guy to speak is typical of the problem with men today.He has the "Who am I to judge" syndrome,"yea everyone (including ben bernanke) is a winner "
Peter Schiff is by a factor of 10 the most intelligent and honest man there.
asking the tough questions that intelligent U.S. citizens would ask if they were sitting where he is.
theredpillxxx 2 years ago
"Name One" - another Schiff classic
CheekyMonkey888 2 years ago 2
What's with the ben arse lickers on that panel?
itubeutude 2 years ago 2
Hey all, I am a fellow Peter Schiff supporter. I am running a page on facebook called "The Great Economic Debate of 2009: What You Need to Know Right Now" I am trying to promote Peter Schiff and Austrian Economics. Currently have 9 fans but would love to have more. Please sign up and post your input. I have some great figures up there!
LaMontagne1982 2 years ago
Bernanke=Crook.
northwest500 2 years ago 4
LOL@ 3:43
Just pause the vid there and that your answer
A COMPLETE fucking idiot
flclfanman 2 years ago
St. Louis fed president kisses Ben Bernanke's ass? Imagine that!!!!
pretorious700 2 years ago 4