12/11/2009 Peter Schiff On Fast Money: Is It Time To Rethink The China Trade?

[MarkMillionaireGuru]

Hi PhilDeCarolis

I have just been watching your video and I must admit it really is very good.

I really enjoyed watching it.

Already looking forward to more of the same in the future.

Cheers to your success.

Mark McCulloch

[kraskata2012]

There are people dying in the streets while they are laughing cause of the global financial crisis. Just look outside. You'll see plenty of them.

[beprepared100]

I wish I bought into Skyworth when Schiff first recommended it in his newsletter. Melissa Lee is hot, but has poor taste in music

[Invirtuo]

Business channel jokes are always so lame. Bull in China etc etc.

[haveabeer123]

Pete,

I´m one of your foreign customers and just found out that your fund is only for US citizens? What´s up with that Pete!

[RobTzu]

@haveabeer123 probably some stupid U.S. regulation. The dumber it is, the more likely it is to be true.

[metalhead0043]

CNBC is a bunch of douche bags.

[louis345]

How dare they make jokes about that matter!! That shit is not funny; he is trying to give people real advice and all they can do is fucking joke? I'm glad he endures it, so the public can actually hear is message.

[AUX999]

Your right. He is a real friend. I always kind of wondered why he put up with it. Especially before the crisis when people were acting like he was crazy. It really is kind of heroic to put your reputation, and hence that of your business on the line to say what you mean in the face of that kind of oppostition. Thank goodness. Really. Not very many people who will do that.

[AUX999]

Scratch the kind of. It is heroic to put all that on the line and speak your mind in the face of so much opposition. That is why I trust him when he says something. It is not just him, it is him and therefore europac and all the clients it represents. That really is something. Thanks Peter!

[partyhouse88]

lol @ the music

[jsthinkart]

aye

[DoctorMontalban]

You could just invest in Goldman who's doubled this year instead of going "pure China" just go "pure whores" instead and buy GS. Sickening.

[Seano71]

goldman will eventually collapse

[ronheri]

CNBC is nothing but a propaganda arm of the corporate elitists. We are heading into a depression that will drawf the 30's; thanks to our criminal government.

[DillonX]

Shiff says his China fund is up 20% this year.

The US stocks I invested in 2009 are now up over 200% (special thinks to Ford which went up over 900%.

Let Schiff move to China.

[WingsofDedalus]

You're missing the point. In real terms, you won't gain much at all because those gains are inflation driven.

[MindControl7000]

20% since august

[kosai19]

They intentionally do silly things like bring in some silly "Contango" segment videos while Peter speaks. It's a way to discredit and make him look silly. A lot of these channels bring him on just to make fun of him no matter what his track record is and the number of times he's been right.

[Burningphoenix888]

All in favor of cloning Peter Schiff say 'aye'

Can never have too many Schiffs in the Senate.

[mrpatience2007]

the only joke is on cnbc

[MrRayRPh]

It's obvious from their demeanor (with exception of Tango Danders) that their questions to Peter are more calculated, serious, and with more respect than what you would have seen a year or two ago.

In the end...no amount of fluffery can trump one who's predictions come true and I think we are seeing that more and more as they listen intently. Good for you, good for Conn, and good for the U.S. as it's about time.

[recessionlover]

Yes, I've noticed this, too. No more shaking heads.

[Zalzal019]

Anybody investing with Europac? How is it? Im thinking of doing so.

[TheNRA4ever]

Schiff Rocks, CNBC is a fucking joke..no wonder they have such low ratings !!

Ron Paul/Peter Schiff in 2012

[secretarul]

Mayne what a disgrace !!!!

[ctfam]

WTF was that music? These cartoon charactors got nothing on PETER!!! Schiff for Senate2010!

Ron Paul/ Peter Schiff 2012!!!

[truefictions]

That video was just hanging around and he just happened to mention that word to trigger it.. sure.

Fuck them Peter, you will win that Senate seat!

Peace

[solojam]

did that azn whore just get slammed b4 this interview? lol

[FireGuyX]

I find it odd that CNBC constantly brings Peter Schiff back in his show.

[ThorkilKowalski]

Maybe because his videos get thousands of views on YouTube and it thus is good exposure for CNBC. Maybe because many people like to hear a very different perspective on economy than they usually hear. Maybe because he predicted the financial crisis and, more importantly, with credibility, predicts a new one.

[FireGuyX]

I'm not discrediting what Schiff says, it's just that CNBC has often criticized Schiff's predictions and analysis.

[justinshafer817]

They have incorrectly criticized... Everything NBC thought would happen didnt.

[elwalvador]

WTF? Now I remember why I stopped watching CNBC again. I never under any circumstances watch, I clean for about 8 months now. That entire channel is absolutely useless.

[happystab]

As soon as he mentions his senate campaign, that dumb bitch tries to cut him off.

[smokinranger8]

lol

[Snousage]

It's like....I WANT to comment, but I'm speachless. Did that just happen?

[pedro4374]

that music in the middle of his statement was in very poor taste.

[0musing]

I stopped watching CNBC sometime back. The only place I see that channel is here on youtube. I think Bloomberg is a far more serious and focused channel...

[Drathlan]

It's great how they have to put 5 people up against Peter, just goes to show how awesome he is. Stupid cable "news" just got schiffed!

[Seano71]

That tango shit shows how far they are willing to go to try to discredit Schiff. It blew up on their face big time.

[Axiomatic75]

This would be more fun to watch if they left out all the idiots (anyone but Peter)

[Nickelodeon2002]

They have a bizarre sense of humor....frankly it's rude to start playing music in the middle of a guest commentary...but whatever..it's their show.

[Intervene]

Go Peter! Wtf @ tango?

[ChristopherWalkenPUA]

I they show that little movie every time someone says contango... I would like to see a movie with melissa lee illustration a 'crack spread' whenever someone says THAT !

[Shaunt1]

Is this turning into an entertainment show?

[Axiomatic75]

Has it ever been anything but a (lousy) entertainment and misinformation show? If it wasn´t for people like Peter Schiff on there there´d be no use watching it at all

[koki4o]

that was quite funny with the contango

[MrMP81]

LOL His Face at 5:21

[sinitskyd]

jim rogers said that he bought himself some china. I went to pottery barn and did the same.

[farhadcoyote]

what a bunch of morons. Do the want business advice? or they just playing around with "Tango" who do they thing their viewers are?

[TofCanada]

I don't mind this show. I agree that they give him more respect - actually, they've learned to ask him better questions; certain questions you can't ask Peter without him going off topic.

Also, by the same token, Peter has gotten better at conversing with them.

This is "Fast Money" after all, they're looking for short term "traders moves."

[gutrp]

Is it just me,...but that bitch is started to get annoying everytime i see her on this program.

she has  no substance all BS and sarcasm

[brendandylanmaloney]

I cannot believe these people used to laugh at peter,and now they are kissing his ass and listening to him like he is god ! I love it ! Go peter schiff !

[chroNick546]

That asian bitch is starting to piss me off lol

[kobe88124]

contango lol! that was kinda funny

[watcherjohnny]

Fast Money? More like "Dim Wits" since Ratigan and Macke left. Glossy puffery. I don't know why Schiff wastes his time with this crowd. It's obvious he's not appreciated (or respected) by the "Clown Club".

[BanGovernment]

Finally, CNBC has the 4 stooges talking fast money having critical examples humilating their guests. Unbelievable how dumb-down CNBC's staff consist of.

[GohanMH1]

"what is that noise"

ahahahahahah.

[marktrade88]

This show sucks. They know Schiff gives them an instant ratings boost and they always seem to need it.

[focus21x]

Schiff for the Senate, Schiff for the Fed, Schiff for the President of the United States!

[ILovelisanova]

Peters halter funds been doing well, expensive though.

[bajoverga]

Schiff is the man.

[boots920]

The Fast Money fools should be taken off the air not professional.

[winner502]

ha ha ha contango

as america slips into the depression

and the only people getting rich work for the fed

or goldman sachs

oh i get the joke now

lets all go to china and get a job

[abirch300]

No shit. A family friend has been in singapore for 5 years and is making bank. Jim Rogers moved there too I believe. Asia is where it's at

[christo930]

If the US don't pay China their money back, could the Chinese government seize the Chinese holdings of American citizens? If you owned say $1m usd of Chinese stocks, could the Chinese gov take them because the US gov owes them money? Is that legal? Do countries do that? Did it happen to any Russian citizens when Russia defaulted?

Despite massive growth, I think China is a really risky place to invest and I don't think they are trying to build an Asian US, rather a controlled Asian economy.

[christo930]

Oil is going up no matter what happens with inflation and money printing. New oil finds are few and far between and more importantly, the new oil they are finding is under many thousands of feet of water, then thousands more of rock, out in the middle of nowhere. Production costs are going up for these reasons, not to mention declining supplies.

[globalmedium]

I'm sorry to be so blunt but that gook is SO retarded !

[stealthpakfa]

what gook?

[mreisma]

contango isnt funny

[BlueEagle8]

CNBC has to recruit foxy ladies from FOX.

[pntrain5]

bunch of pompous clowns... I remember they laughing at Dr. Faber for his accent...

[stealthpakfa]

when was this?

do u have the video clip of them laughing at marc faber's accent?

[BlueSkies360]

I really do not care about US stocks anymore. All I care is about Asia. CNBC needs a show that talks about Asian stocks in Asian exchanges. 1 h a week-- would that be too much to ask?

[stealthpakfa]

they want all the sukers to buy US stocks.

[gli96187]

Notice how quite and well behaved the CNBC host are. But they are still asking stupid and pointed questions. I kind of miss the days when the hosts attacked him and Peter would clean their clocks by just laying out the facts. BTW the tango thing at the end was retarded, or is that there lame attempt at humor.

[BlueSkies360]

Yeah, something has happened to those guys--I guess they have discovered YT. :)

[Tasadaru]

China could suffer a bad set back when mortgages start to reset in mass volumes again. The IMF has a chart about that. However, if China does the right thing they may only suffer for a year like the U.S. did in the 1920-1921. Youtube Tom Woods if you do not know about 1920-1921.

[danieljdemarco]

do any of these idiots own gold? peter will be the one laughing and dancing to the music when they're stuck holding onto worthless paper while he owns gold and value-producing companies.

I doubt he cares about their opinion of him. He's just trying to help as many viewers as he can to get out of dollars.

[jeffcaldwell2]

omg... numskulls... what makes them think that playing that stupid music is marketable?

[Winst0nOBoogie]

CNBC is trying to compete with John Stewart now??

WTF?

They must just be letting they're viewers know of their utter contempt for them...

This is a disgrace. Peter, leave these idiots to self-destruct,

PLEASE.  A few minutes of air-time on a sinking ship ain't worth it.

!

[fox20012]

LoLz at peter's reaction to the music

[NowisEvollovetion]

These presenters MUST know that when the time comes for the disseminators of lies and falsehoods to be held accountable, they have had it.

They are far too clever for their own good.

Actively working 'against the people' will not work out for them in the long run.

[Exposethefrauds]

These business channel are always trying to lure investors to some "hot" foreign market that they know nothing about. The new one is brazil. CNBC is really peddling brazil,lololololol. What a joke.

[stealthpakfa]

what the hell does that dancing music supposed to mean?

[JessicaBelle81]

I thought they were being really nice to him for once until the very end. These goons are retarded. Everything on TV is complete trash.

[residentzombie]

Peter Schiff, Judge Napolatano, Glen Beck, and Ron Paul are the only reasons to watch mainstrean TV anymore.

[Fighting89Back]

Glen Beck!?! How brainwashed are you? Glen Beck was for the bailout and against Ron Paul. Beck is a sellout.

[BlueSkies360]

GB was for the bailout for just a couple of days. Then he changed his mind. He had RP on yesterday.

[u2canbfmj]

Beck wants Ratings, not to solve or educate people on our problems. Thomas Jefferson would be thrown under the bus in this world.

[gambit1357]

watch out for Glen Beck...he's a flip flopper

[herbs814]

When you hear Peter Schiff say "I'm very afraid of the Obama administration and Congress and what type of punitive taxes and regulations might come on these companies... I don't trust this administration. I don't trust the government. So I'm afraid to make investments in US companies." know that this is the view of the majority of American investors and American employers. And that is why the economy will NOT recover under Obama. Just like we NEVER recovered from the 1930s until FDR was dead.

[wtfbroskie]

lol @ the end

[davincij15]

Does anyone listen to those fast money children?

[Visfen]

That tango-bit was kinda rude.

[mrzack888]

Peter Schiff needs to realize China is a mini bubble. in two years another correction.

[stealthpakfa]

china in a bubble, gold in a bubble, blah blah blah.

chinese equities are still way below their all time highs and they are in a bubble?

lol riiiiiiight.

people have been saying china is a bubble since 1980's and they have been proven wrong.

[4rcane]

I don't think China is in a bubble, but i do think there will be a big correction in china. Bubble suggest the growth there is fake. Theres misallocation of resources in China, and the correction will hopefully fix it

[JPK7777777]

It's time to stop bankrupting our country and get out from under debt to China.

We have a government seemingly hell bent on bankrupting us.

China is in hot pursuit of oil and gas as they will consume 60 % of world energy supply by 2020.

97 % of our natural resources here in the USA have been kept illegal to drill for 18+ years.

What happens if we cannot repay China?

China is already drilling off our Florida coast.

[JPK7777777]

And we will still be hydrocarbon dependent for some years to come yet. Technologies are being developed, but we are still some ways off from total independence.

Wake up America!

Please, see my page under comments section and also for Energy playlist.

Thanks.

[chiyerano]

This show went pretty well.

[TheLiberalssuckdick]

NASDAQ:EPHCX

[korrdxl]

f f first