LOL I noticed that too about Greenspan. Since 2010 he started to say a lot of things Peter already said in his videos. I guess you're never too old to learn.
What the fuck are you anyways? Some huffpo drone flying on the borders looking for anything to shoot your trollfire missiles at? You fucking flamers are such tiresome little shitheads. You are never interested in dialogue, just pissing people off. Well, mission accomplished asshole. Next time, try reading my comment before shooting off your stupid mouth and calling me a drone. Asshole.
any regulation. the regulation type doesn't matter... there will be people willing to jump through the hoops. It's either that or work for someone else, which is the *main* reason people go into business for themselves.
I can't believe I guy could get on Fox and actaully say we should go ahead and just borrow it, I have no idea what his agenda was but there is NO way the guy believed what he was saying.
The Japanes intervention is being assisted by the Canadian government. For the past 3 years, the spread between the Aussie dollar and the Canadian dollar has been roughly 7 cents (700 pips). It has fallen in the past 3 months to less than 1 cent. The Canadian government fears the US consumer won't be able to buy Canadian exports - primarily from what is left of its automotive sector - just like the Japanese.
The only safe way to protect your economic security is to restore a constitutional monetary system. For the simplest and clearest explanation yet, watch the YouTube video WHY WE ARE IN SO MUCH DEBT.
@TheRaawan: "They keep degrading Asians" your line. Really? Explain in detail how? Examples please. Yes I sat next to an "Asian" student in B-School, they typically copied my homework at a top University. By the way, my girl friend is "Asian". So much for your nonsense and idiocy. What country do you live in ?
Great point about entrepreneurs just being fed up with it all. I don't think I've ever heard this on tv. The frame they always talk about is what is "good for the economy" without thinking of other consequences.
I'm an entrepreneur, and even though I'm not rich, and my business is generating a 6 figure income, I've seriously been burnt out and just thought about closing shop.
The "fun" of it is really zapped out by government bs.
You bet I will tell everyone about this channel. I have been doing that since its inception. (Or my discovery of it) If you every get a chance, please mention the Centrifugal Satz Clock to people. It is an Omni opera that speaks to many of the issues that you mention on a regular basis. Good luck!
Well, it's true that for the last couple of weeks, I've started to watch less and less videos of Peter Schiff. Yes, he is brillant. Yes, he knows what he's talking about. But. That being said, he does sound a bit repetitive.
I'm not blaming him though! It's important for the masses to hear this kind of message again and again. However, if you want to get more into the details of the crisis, you better go on the LvM website, or some other Austrian think-tank.
We need to return to the Tally Stick system: No interest money, issued by the government (NOT the Federal Reserve bank, or any other bank). And we need to pass laws against fractionalized lending (the concept of banks lending out 10 times the amount of money they actually have on the books). This would fix the economy. Watch: "The Money Masters"
Haha, even Keynes wasn't a Keynsian near the end of his life. By that point he had outgrown his earlier ideas and was annoyed at what his acolytes were doing to the British economy.
Peter, speaking of debates....I've just received Stephen Leeb's latest 'come-on' in the mail. In it, he admits that his pro-stimulus position was wrong.
Suddenly, I recalled that STIMULUS DEBATE OF 1 1/2 yrs AGO between you & he. I'll never forget how insistant he was that the Obama stimulus was the correct thing to do.....even to the point of interrupting you constantly to make his point!
@kylextown24 I know what you mean but think about it, there's only so much to talk about & if he's going to stay "top of mind" then he needs to be putting this stuff out all the time so the masses don't "forget" about him. Don't blame him because most people are retards.
ridiculous, Peter. the whole regulation makes business unfun, so it will ruin jobs s totally ridiculous. If an employer retires, or a business fold, another one will take its place if the market demands it, and somebody who is willing to jump through the hoops to make that business work will do it. Just saying... don't try to pitch that argument to wholeheartedly. I like you because you come up with original ideas and arguments, but I think that one is silly.
Gold is very expensive now for the unwashed masses. Better to just buy nonperishables and stock up before prices spike. Gas just went up 10 cents in a week here in Florida. That's inflation.
"..I started buying gold ten years ago..." No wonder he's so bullish about gold! He's made 300% profit,,but that was gold bought 10 years ago. So why did gold appreciate so much BEFORE the credit kaboom and 0% rate? Could gold already be selling at that proverbial $5000/oz - just got there while the rest of us had jobs off of Wall St? I just got this "too late now" feeling about it. And oh by the way, many equally smart guys are talking about a huge DEflation. It IS possible.
The whole worlds standard of living is going down because of this crazy global warming histaria. Oil is king and when countrys stop proping up less effecient energy sources the world economy will start growing again.
and they (bankers) can eat their gold." -Farmers Federation slogan during the Great Depression
Personally I don't get gold. You can't burn it (for heat), eat it, or even wipe your ass with it; it just looks pretty....I guess. Two words my friends...arable land!
haha its money. look at youtube videos of zimbabwe... their businesses wont even accept their country's currency. if you want milk - gold, food - gold, soap - gold
@1samothrace77 We need protection from the criminals in Washington. I just ignore the salemen that offer me teaser rate mortgages and cash out refi's.
Love the Schiff Report & Blog. I read his books, listened to his videos and made some money! Don't expect the big boys to invest your money wisely or to your advantage, they won't they are looking out for themselves.(200702008?) I can't believe how people in this country hand over hundreds of thousands of dollars to these corrupt big banks to invest. Schiff is on the level, he is a decent honest businessman, who looks out for all of us, not just his clients. Again, do your research!
@1samothrace77 Any investments take using your brain and doing some research, most of the "sheep" in this country believe anything they are told by the media!
Another great video. Regulations do take the joy out of doing business. The little guy used to be able to pull himself up by the boot straps and through hard work, start something from the ground up. Now it seems you need a team of lawyers to weed throught the tax, insurance, regulatory agencies, and formwork. All for what?Tto see it all taken away with excessive taxation at all levels. Not to mention the inflation that is robbing our purchasing power.
You seem a lot more focused since the senate stuff is over, Glad to see it. I took a 3% hit on my portfolio with the Yen intervention. I added to my positions. The Japanese cant prop up the GBP or USD for a long time, so I will add over time.
@Robonza There's a lot I don't know about your Yen position, but it fell to a logical point - Daily 50ma. If it fails that point over the next week I would be out of that trade to the long side if I were you. You can always get back long when the charts are more in your favor. You can see for three days now it's been trading in a tight range trying to decide which is the next move. Good Luck.
@mcdonaldscalling21 To top it off I sold all my silver at 19.50! I hope it dips so I can buy it again. I cant complain as my account is up over 50% YTD. I dont use moving averages as they have too much lag for my trading style. I use STARC mainly. Of course good economic research is my first criteria.
@inthetubedeep The Fed is dead, in a couple of years, there will be a flight out of Treasury bonds and it will be over for the Federal Government. I won't be an American for much longer, I'll be a Missourian.
@2oss7uprey That's a shitty way to spend you life for any reason. It's not like you being a martyr is going to change anything. I'd get over it and go out and live it as large as I could if I were you. But it is your decision. There comes a point where you have to do what is best for you, even if it helps the enemy more than you'd like. There's nothing wrong with giving a bit of ground if you have to. Yes we both agree they are the enemy, far more so than any rag-head in the sandbox.
@TheRaawan You're right my friend Americans are just uninformed, guilliable, ignorant, dumb and stupid when it comes from this issue. Just look at it Peter Schiff and Ron Paul was predicted it long ago in 2002 and 2008 and people don't have even clue whats happening in there country. Read Chris Hedges book "Empire of the Illusion" and you will that the Americans are brainwashed from MSM to Corporate Whores.
They're calling this the Great Recession, but I think eventually this will be worse than the Great Depression. At least during the Depression our money was backed by gold and America produced stuff, unlike today where we import everything from China and export jobs overseas. Our money is already worthless it's only a matter of time before the real collapse.
@TheRaawan@TheRaawan It's pro-Chinese blowhards like you that sing the virtues of China's acceleration that make us want to berate China's ANTI-free trade policies that got it there in the first place all the more. Swallowing our pride is the last thing we're going to do.
I've thrown in the towel. I cant afford to serve the government 1st and my clients last. And I cant spend my days on a golf course. so I'm learning to be passive instead of proactive.
I ahve respect for Schiff, but he just made an ass of himself. Why don't you actually o some research on Elizabeth Warren before you judge so harshly, you'd find you two agree on multiple ideals. And Obama (someone I'm not fond of) didn't "not" make her director to side step the senate, but because the banks hate her! Look it up, if the banks hate her that alone is a good sign, let alone her history. Also, she WANTED senate confirmation AND to be director, Obama said no. GET YOUR FACTS.
@christmasdnc The banks may hate her, but her managing the regulations for financial products will not reverse the Great Economic Collapse. The TBTF banks are dead in the near future anyway.
I like Schiff's message: Right now, it's 30,000 intellectuals vs 300 economist, but it'd look even better as 50,000 freeman vs 300 persian (imperial) slaves.
energy is the only currency that has any meaning. If you have energy you can recycle everything and reuse it. so the available energy is the money base we really have. Everything can be measured in energy money. Human work would be very cheap because our body and mind use so little energy.
peter hits it right on at 9:00. I want to pull my hair out whenever I read Krugman's columns where he he haughtily scorns the austerians telling them how foolish they are since the costs of borrowing are staying low so we should take advantage of all these low interest rates.
of course even if the interest rate was 2 percent long term we would be screwed becuase it all has to be paid back, it's like a person 100k in debt borrowing another 100k bc "he is getting a great low rate for 10 more yrs"
I agree on the whole Consumer Protection Agency & E.Warren. It should be obvious that this will only hurt the economy further. People that never should have had access to credit now won't, as they're no longer worth the risk if the Gov can just side with the consumer against the credit companies.
On PIMCO, El-Erian & Bill Gross are crooks. They owned huge bonds & bought more on the way down, then got Gov to save them thru the bank bailout. Now Gross wants FNM /FRE bonds to be saved. PIMCO=FRAUD!
Elizabeth Warren isn't going to run the agency. Only a wall street insider that'll benefit special interests will run the agency. That isn't Elizabeth Warren.
Elizabeth is only mentioned to please progressives during election time. Once elections are over Elizabeth Warren is out. I wish Peter Schiff didn't attack her.
Rothschild really understood the game when he stated:
"It [the Central Bank] gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class. The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is contrary to their interests."
Bravo Mr. Schiff !! Reality is a bitch and unfortunately for the dumb-downed herd which comprises the majority of the US population, they will have to resort to acts of crime or sex slavery just to put bread on the table.
Sold out by the US Gubmint and career politicians whose pockets are lined by Big Corp. Congratulations America for pissing freedom away.
Due to your lack of critical thinking and values, instead replaced by greed, selfishness, and envy, the world's elite thanks you.
which country could be replacement for US in interim.. canada .. its not doing too badly. till govt and economy changes in america best choice seems to be canada.
@jibbi4one agree with u. am just saying if you dont really want to learn new lang; canada is reasonably good when it comes to liberty,ease of business, quality of life, environment, freedom, corruption, competitiveness, democracy. and the reason why i only mentioned canada and not the bric coz it is an english speaking country which is much more reasonable choice when americans emigrate and country wont cause as much doom as US policies.
@jibbi4one only a small portion of Canada is French speaking, and they still cannot succeed from their union. eh?
Democracy is mob rule and when the mob wants easy cake and plenty of it Keynes rules. Savings and frugality aren't easy when all your neighbors drive SUV's and have matching warmup suits and $3 latte's at brunch in a 6000 sq ft house leveraged a 4-12x family GDP
We gave up our republic and plenty of us are still not happy about that
@FairEnterprise ..the Canadian politics of liberal DEMAND SIDE ECONOMICS vs politics of SUPPLY SIDE ECONOMICS. The sad fact is Canadians believe the tripe that CBC & CTV feed them. Canadians are people who will become slaves to global corporatist interests because they've lost their high technology to others like nuclear,aerospace manufacturing. The reason is they don't invest in educating their own people they rather send them off to war to fight for interventionist internationalists policies.
@jibbi4one like US? You are 1 angry dude. I don't blame you, I am a supply sider myself. However, How many Canadians do you count as friend or family? Have you had any conversations with international folk? when people run out of fuel and fiat money, they wont follow the dude who bludgeons them with facts, true or false. they need herders for the sheeple! dont waste your anger on trying to be right! dont waste your energy on proving your points. Take action and lead us somewhere or move over.
@FairEnterprise How many Canadians do you count as friend or family?
What? I wager most Canadians like americans are too controlled by anti-nationalistic, politically correct, constitution foundation law scofflaws.
Have you had any conversations with international folk?
Yea, so? Most interested in job, wage, sending money back to family and businesses in home country. If economic/political conditions improve guess how fast they leave N. America?
@jibbi4one - Any business shop set-up in canada would need to learn language.
WRONG
The next three points - yes and so do most other countries so no real deal breaker there.
-Canada is Keynsiean economy abanadoned gold a long time ago currency dilution same as U.S.
Go ahead and 'wow' me. In what year did Canada first have any REAL debt and started to fall into the same nonsense the USA had already done, and who was their Prime Minister at the time. The answer will surprise most of you.
@mcdonaldscalling21 LMAO - Don Harrold has a bungalo in Cuba? Why would you even waste your time upset about an ex- car salesman trying to teach day trading? He may be somewhat bright enough to have actually made some money. You didn't "learn" anything from the "professional" Jim Cramer telling your to buy buy buy just before the 2008 crash did you? - LMAO
@762lenny To let less fortunate people know about Don Harrold.
Does he have a bungalow in Cuba? Well, I don't know but I doubt it. Glad you find "Leroy" as he is affectionately known as, as comical as I do. As you can tell, he's not yet sued me yet for outing him despite saying multiple times that "it was imminent". LMAO.
Cramer? Well, where would we start with that clown?
@mcdonaldscalling21 Canada abandons gold std in 1929- Oops! The great depression started-imagine that! By PM liberal/statist McKenzie King. Gotta love those sick statists you can count on them to ruin economies. CND vs USD: 1952-1962 float years= USD parity. Not good for commodity prices need lower. 1962-1970 fixed= below USD parity 1970-1976 float= USD parity (USD off gold std 1972) 1976-2007 below USD parity high commodity prices 2007-2008 USD parity 2008-2010 around USD
@mcdonaldscalling21 Ok smarty pants; Accumulation of Canadian Public Debt: 1960-14 million- Diefenbaker-PC 1968-20 million- Pearson-Lib 1980-91 million-Trudeau-Lib* 1991-377 million-Mulroney-PC* present: 542 Billion & counting... So, what do you expect? Silly canadians vote for the same silly political parties that created debt. Oh! forgot. Canada has the best democracy (majortiy rule) in the world. That's why they're in debt-LOL!!
@TheRaawan I can't and wont argue your assertion that Americans are ignorant, but claiming degradation of anyone is isolationist horse-sh&t. The economies have grown in China and India in a large part because of the money coming in from the US. There was nothing before that but poverty in many places in those countries, and if someone has a better plan for them other than crying like little girls about 'taking advantage of foreigners', they should pipe up and someone else pay them more.
@TheRaawan I am really upset with what you said... Due to the fact your commits are correct. I wish more Americans would stop this infectious dept cancer, The ride will end very soon.
@inthego If other countries are stupid enough to follow the US down the black hole of despair, that's their fault. Take responsibility for your own stupidity instead of blaming America for your own part in the mess. We're responsible for our mess, not yours.
I am an American and I got out of dept a year ago, I have not defaulted on my house so I am part of the solution not the problem but I am in the minority. I have pride in my country but I am not blind to its stupid and short sighted policies...
There's no need to. Especially since China is now the largest producer of gold and there's no gold in Fort Knox. The crisis has been going on for the last 39 years but this time, unlike the 70's, the dollar won't survive. The torch has been passed.
I don't necessarily agree. If China does not back up its wealth with gold then it is not real enough for me. When the US was the biggest export creditor it had 20,000 tons. China needs allot more gold.
Peter is right on the precious metals, GLD and SLW have brought me 30% returns combined in the past 6 months. I am curious what Peter thinks of XOM at this price and time.
@602 It's not XOM itself you have worry about, but more so the overall market. It is pretty extended short term here and I'll assume you missed the pullback on XOM/Market 3 times already this year. I suggest although it may have an immediate upside from here, the safer move would be to wait for a pullback that is the better risk/reward. I always cringe when I see people buying at new tops or after 10% runs. You just know their emotions got the best of them and they've often made a poor choice.
1 way to look at it, China practically owns the US. so it has to take care of the US as the US is simply a huge investment for China, all the trades China provides us and the money it gets from us. the US is like a client. however by doing all that, China simply gives us services without a guaranteed profit as we're paying them nothing just accumulating debt. after it's all said and done we're not giving them back anything. wanna own the US? come and get it. thanks for all the free stuff, China
Peter, I do not understand why you think the Yen should be strong when Japan is in such a horrible fiscal postition. (Annual borrowings now 2x revenue) I believe that confidence will be lost in the Yen before confidence is lost in the US. Ultimately, yes they are both going down.
I put all your video blogs on my facebook and email them in my own blogs. It's amazing to me that what you're saying is like a foreign language to others, when its just common friggin' sense.
@paveljeludovsky Peter is no longer interested in politics. It was a one time deal and he thought if he didn't get elected that it was too late for him. He's probably going to focus on his family and business now.
I will disagree on the issue of regulation, as a small businessman coming from a low regulation economy lack of regulation can be as dangerous or more dangerous than too much regulation. Corruption occurs which benefits larger players in the market and the rules, such as they are, are only applied to the small players.The problem with the US though isn't lack of regulation, its the fact that the regulatory bodies seem to at best incompetant with a fixation on excess paperwork.
@theirishdreamer there's no need for regulation. Markets regulate themselves in must the same way that you will shop around for the best deal before you buy. You educate yourself about the lowest prices at the highest quality and fish out the bad from the good and if those companies that consistently fail to produce something that someone is willing to pay for, then they will and should rightfully fail. This is how a market regulates itself. A banking, auto or healthcare company is no different.
No il disagree. Regulation allows for the market framework to function and enforcement of contracts within a market, without some degree of regulation outright fraud and corruption becomes the norm. The level of complexity within todays markets aren't understood by the average citizen, its grand and all for me as an who has experience in the sector but ive seen too many ordinary people defrauded because of lack of regulation in the past few years to be in support of no regulation.
@theirishdreamer fraud is norm? No. Purchasing decisions aren't isolated events - people talk and the fraudster won't be in business for long enough to make it the norm. Market's are both incredibly simple in that they are driven by greed and fear of loss and incredibly complex in that billions of people unknowingly vote to set what gets produce at what price and at what quality. This is true for 1000BC and 2010AD. 1 body cannot replace the knowledge of the consumer - central regulation's flaw.
@delatroy You speak from living in a long established market with a long established regulatory enviroment that you take so much for granted you dont think its regulation, I work in a market where decision are often based on race and speficially religion, not economic rational, where people willingly sell at a loss to others of the same religious group to prevent that land or investment moving out of that groups hands. It has improved in the past two decades because of regulation.
@theirishdreamer I don't know where you live, but any economy based on bigotry instead of sound objective judgement will be a very poor one. Are you from Iraq?
@GaryVolts Ireland. Once you get beyond the IFSC and Dublin in general in the rural areas especially this kind of nonsense starts to get common. We're a very low regulation market, especially in comparison to the US and the rest of the EU. Its not common knowledge but it often happens in the background. Example: I can think of a case where a property was sold for the lesser bid to avoid the "wrong" sort getting it.
Don't buy gold or silver certificates. That basically means you put the trust in the bank or the carrier where they house the gold or silver for them to do good on their word. Their was a recent law suit where a company was selling gold and storage for it but got sued because they just issued out useless paper.
You buy PHYSICAL precious metals. Trust yourself to keep it.
Its the same as keeping your money in a coffee can.
I agree 100 percent with you Peter. But, will gold really work. When you buy alot of gold (not coins kept at home) don't the bankers keep it in their vaults and give you a little piece of paper representing the gold?
The government is already going after gold through the healthcare plan, a dark horse slipped in the bill about reporting gold.
What happens when there is no longer any paper currency. The only thing that will work in a barter is on hand gold. The system will keep the gold???
Well if the current fiat system would disappear and gold take over, we would probably still have paper money, gold backed gold certificate notes. Gold isnt too convinient, i mena, cut off half a gram to buy your lunch? :P
@acetylslicylsyra I agree with you. I think I wasn't clear about going paperless. By paperless, I mean electronic monetary system, microchips.
My question specifically was, What good will buying gold do if you don't have it at home. To get out of the system coming, the only way will be to barter using gold and silver as a medium, outside of the system. Which will be illegal.
The system is so strong that the bankers can crash gold at will.
LOL I noticed that too about Greenspan. Since 2010 he started to say a lot of things Peter already said in his videos. I guess you're never too old to learn.
TWSceptic 2 months ago
"They're acting like a drug pusher, in the short run we get a fix, in the long FUN, ehhh run"
I agree, drugs are fun
Sbrogzni 1 year ago
@jaguarclaw
What the fuck are you anyways? Some huffpo drone flying on the borders looking for anything to shoot your trollfire missiles at? You fucking flamers are such tiresome little shitheads. You are never interested in dialogue, just pissing people off. Well, mission accomplished asshole. Next time, try reading my comment before shooting off your stupid mouth and calling me a drone. Asshole.
Ne0mega 1 year ago
@jaguarclaw
You are such a fucking idiot. I was disagreeing with Peter Schiff, retard. Go back and read the comment you knee jerk sack of shit.
Ne0mega 1 year ago
@jaguarclaw
any regulation. the regulation type doesn't matter... there will be people willing to jump through the hoops. It's either that or work for someone else, which is the *main* reason people go into business for themselves.
Ne0mega 1 year ago
What is the cost of production of gold, silver and crude oil?
watamazou88 1 year ago
LMao that was funny Peter!!!!! Way to step up to the plate...Someone smart that is in a position to run ought to. So I thank you !!!!
Akillesblood 1 year ago
I can't believe I guy could get on Fox and actaully say we should go ahead and just borrow it, I have no idea what his agenda was but there is NO way the guy believed what he was saying.
marcef100m 1 year ago
The Japanes intervention is being assisted by the Canadian government. For the past 3 years, the spread between the Aussie dollar and the Canadian dollar has been roughly 7 cents (700 pips). It has fallen in the past 3 months to less than 1 cent. The Canadian government fears the US consumer won't be able to buy Canadian exports - primarily from what is left of its automotive sector - just like the Japanese.
marketnavigator 1 year ago
The only safe way to protect your economic security is to restore a constitutional monetary system. For the simplest and clearest explanation yet, watch the YouTube video WHY WE ARE IN SO MUCH DEBT.
SilentNoMorePubs 1 year ago
thank for all the good info
tonyali1106 1 year ago
5:41 cosign that. I run a post production co and they are taxing me nearly into bankruptcy, if i didnt get taxed I could be on a beach somewhere.
uwmbigb 1 year ago
This has been flagged as spam show
@TheRaawan: "They keep degrading Asians" your line. Really? Explain in detail how? Examples please. Yes I sat next to an "Asian" student in B-School, they typically copied my homework at a top University. By the way, my girl friend is "Asian". So much for your nonsense and idiocy. What country do you live in ?
bill4justice2 1 year ago
Great point about entrepreneurs just being fed up with it all. I don't think I've ever heard this on tv. The frame they always talk about is what is "good for the economy" without thinking of other consequences.
I'm an entrepreneur, and even though I'm not rich, and my business is generating a 6 figure income, I've seriously been burnt out and just thought about closing shop.
The "fun" of it is really zapped out by government bs.
Stress has a very high cost.
Dansje 1 year ago
Comment removed
Dansje 1 year ago
gold is so boring... why not palladium ?
coturnix19 1 year ago
You bet I will tell everyone about this channel. I have been doing that since its inception. (Or my discovery of it) If you every get a chance, please mention the Centrifugal Satz Clock to people. It is an Omni opera that speaks to many of the issues that you mention on a regular basis. Good luck!
GomersRevenge 1 year ago
Comment removed
romanmir01 1 year ago
Comment removed
romanmir01 1 year ago
"Hey! They're giving the drugs away! So we might as well do them anyway!"
LOL Best analogy of the week!
wachman 1 year ago
Well, it's true that for the last couple of weeks, I've started to watch less and less videos of Peter Schiff. Yes, he is brillant. Yes, he knows what he's talking about. But. That being said, he does sound a bit repetitive.
I'm not blaming him though! It's important for the masses to hear this kind of message again and again. However, if you want to get more into the details of the crisis, you better go on the LvM website, or some other Austrian think-tank.
Te1787 1 year ago
We need to return to the Tally Stick system: No interest money, issued by the government (NOT the Federal Reserve bank, or any other bank). And we need to pass laws against fractionalized lending (the concept of banks lending out 10 times the amount of money they actually have on the books). This would fix the economy. Watch: "The Money Masters"
RollerPigg 1 year ago
Haha, even Keynes wasn't a Keynsian near the end of his life. By that point he had outgrown his earlier ideas and was annoyed at what his acolytes were doing to the British economy.
TreachMarkets 1 year ago
I am going to get everyone I know that is on YouTube to subscribe to Peter Schiff---he is a brilliant thinker!!
OpieJohansen 1 year ago
Peter, speaking of debates....I've just received Stephen Leeb's latest 'come-on' in the mail. In it, he admits that his pro-stimulus position was wrong.
Suddenly, I recalled that STIMULUS DEBATE OF 1 1/2 yrs AGO between you & he. I'll never forget how insistant he was that the Obama stimulus was the correct thing to do.....even to the point of interrupting you constantly to make his point!
At least he is big enough to admit his mistake???
noclouds111 1 year ago
Peter is not a very Intelligent man. But I'll admit he is a smart man.
Ethioness 1 year ago
Hey pete Already have been telling everone i know.
Thanks
HJLANDCRUISER 1 year ago
Is it me or does Peter Schiff sound like a fucking broken record......LMAO
kylextown24 1 year ago
@kylextown24 That would be Gerald Celente.
mcdonaldscalling21 1 year ago
@kylextown24 I know what you mean but think about it, there's only so much to talk about & if he's going to stay "top of mind" then he needs to be putting this stuff out all the time so the masses don't "forget" about him. Don't blame him because most people are retards.
cmonpeeps 1 year ago
@kylextown24 Perhaps, but it depends upon which 'broken record' you wish to listen to...the government speak, or Peter Schiff.
noclouds111 1 year ago
"Keynesians are to economics, as witch-doctors are to medicine". Awesomeness.
perezDeSanFernando 1 year ago 2
DON'T STEAL....THE GOVERNMENT HATES COMPETITION
petiemac24 1 year ago
It would be great to see u in Poland again. Warsaw perhaps?
KrwawyLeon 1 year ago
Bigger deficits? Won't they run out of zeros eventually?
pretorious700 1 year ago
ridiculous, Peter. the whole regulation makes business unfun, so it will ruin jobs s totally ridiculous. If an employer retires, or a business fold, another one will take its place if the market demands it, and somebody who is willing to jump through the hoops to make that business work will do it. Just saying... don't try to pitch that argument to wholeheartedly. I like you because you come up with original ideas and arguments, but I think that one is silly.
Ne0mega 1 year ago
See the millions of wasted dollars in Florida
youtube.com/watch?v=8vB-35Nt_bA
real estate is dying here.
soapboxshaman 1 year ago
peter what are your thoughts on the new 100 dollar bill?
tommylutzjr 1 year ago
gold prices, how well my last chart model is matching reality as the prices unfold
watch?v=A5jrWQA2XFs
also a brief look back at picking out all the gold price dips in USD : watch?v=lYBDkmghl_Q
the math is in there so you can all learn how to price gold & stocks date + price
all open-source all free
ytgv3fc7 1 year ago
Gold is very expensive now for the unwashed masses. Better to just buy nonperishables and stock up before prices spike. Gas just went up 10 cents in a week here in Florida. That's inflation.
sharbeth7 1 year ago
Alan Green Span must have been the 30,000th subscriber!
InCharacter 1 year ago 2
Peter - Please post your interviews on your channel as well! It's good when you make them look like fools!
satarnag 1 year ago
"..I started buying gold ten years ago..." No wonder he's so bullish about gold! He's made 300% profit,,but that was gold bought 10 years ago. So why did gold appreciate so much BEFORE the credit kaboom and 0% rate? Could gold already be selling at that proverbial $5000/oz - just got there while the rest of us had jobs off of Wall St? I just got this "too late now" feeling about it. And oh by the way, many equally smart guys are talking about a huge DEflation. It IS possible.
ellesstee 1 year ago
@ellesstee The people are talking about deflation like the people that see the tide go out right before a tsunami comes rolling in.
GaryVolts 1 year ago
The whole worlds standard of living is going down because of this crazy global warming histaria. Oil is king and when countrys stop proping up less effecient energy sources the world economy will start growing again.
IWashMyOwnBrain 1 year ago
"Let's have a farmer's holiday (fair),
a gathering we'll hold;
we'll eat our wheat and cattle,
and they (bankers) can eat their gold." -Farmers Federation slogan during the Great Depression
Personally I don't get gold. You can't burn it (for heat), eat it, or even wipe your ass with it; it just looks pretty....I guess. Two words my friends...arable land!
commonsense1977 1 year ago
@commonsense1977
what do you mean you don't get gold?
haha its money. look at youtube videos of zimbabwe... their businesses wont even accept their country's currency. if you want milk - gold, food - gold, soap - gold
its MONEY!
it has been for 6000 years and it always will be.
tirmen8er 1 year ago
Ron Paul and Peter Schiff in 2012!
commonsense1977 1 year ago
@commonsense1977
How about Peter Schiff and someone deserving instead.
IchorFigure 1 year ago
gold is just another bubble
KrwawyLeon 1 year ago
@KrwawyLeon ....YOU HAVE NO CLUE WHAT YOUR SAYING
petiemac24 1 year ago
@petiemac24
Peter was in Poland last year !! he's got many funs there !!
arka67 1 year ago
This has been flagged as spam show
I'm from eastern europe country, from emergent economy.
All the problems you have in your economy, it's here a much bigger problem.
I enjoy your debates, and I hope I do the right things here. For a free market, with no comunism, I subscribe here today.
nightcreaturezone 1 year ago
I'm from eastern europe country, from emergent economy.
All the problems you have in your economy, it's here a much bigger problem.
I enjoy your debates, and I hope I do the right things here. For a free market, with no comunism, I subscribe here today.
nightcreaturezone 1 year ago
elizabeth warren appears to be truthful and we the people do need protection from criminals on wall street
1samothrace77 1 year ago
@1samothrace77 We need protection from the criminals in Washington. I just ignore the salemen that offer me teaser rate mortgages and cash out refi's.
GaryVolts 1 year ago
Love the Schiff Report & Blog. I read his books, listened to his videos and made some money! Don't expect the big boys to invest your money wisely or to your advantage, they won't they are looking out for themselves.(200702008?) I can't believe how people in this country hand over hundreds of thousands of dollars to these corrupt big banks to invest. Schiff is on the level, he is a decent honest businessman, who looks out for all of us, not just his clients. Again, do your research!
450984 1 year ago
@450984 schiff has his point of view and it isn't completely honest
1samothrace77 1 year ago
@1samothrace77 Any investments take using your brain and doing some research, most of the "sheep" in this country believe anything they are told by the media!
450984 1 year ago
LOL, I'm going out with a bang.
rayme4raw 1 year ago
@pretorious700 There would still be bubbles just not as big. its history bubbles have always happened because of foreigners and locals overinvesting.
jezza1789 1 year ago
"There's no need for regulation." That's what Greespan told everyone 3 years ago.
crispydilbert 1 year ago
Another great video. Regulations do take the joy out of doing business. The little guy used to be able to pull himself up by the boot straps and through hard work, start something from the ground up. Now it seems you need a team of lawyers to weed throught the tax, insurance, regulatory agencies, and formwork. All for what?Tto see it all taken away with excessive taxation at all levels. Not to mention the inflation that is robbing our purchasing power.
eteezie 1 year ago
Thanks Peter! Always appreciate your V-Blog!!
ExhibitMan 1 year ago
Sadly, not all r interested in investing.. Peter rocks
faviershoo 1 year ago
Keep up the good work Peter.
andrisf 1 year ago
This has been flagged as spam show
vote for Ron Paul
Eclipsepoland 1 year ago
You seem a lot more focused since the senate stuff is over, Glad to see it. I took a 3% hit on my portfolio with the Yen intervention. I added to my positions. The Japanese cant prop up the GBP or USD for a long time, so I will add over time.
Robonza 1 year ago
@Robonza There's a lot I don't know about your Yen position, but it fell to a logical point - Daily 50ma. If it fails that point over the next week I would be out of that trade to the long side if I were you. You can always get back long when the charts are more in your favor. You can see for three days now it's been trading in a tight range trying to decide which is the next move. Good Luck.
mcdonaldscalling21 1 year ago
@mcdonaldscalling21 To top it off I sold all my silver at 19.50! I hope it dips so I can buy it again. I cant complain as my account is up over 50% YTD. I dont use moving averages as they have too much lag for my trading style. I use STARC mainly. Of course good economic research is my first criteria.
Robonza 1 year ago
got my gold pete thanks for the tips i havnt got much but i hope i will profit lol only have 3 ounces. bars that is
rolficus 1 year ago
This has been flagged as spam show
Will there be a silver/gold pull back soon? How low should it go?
digitallando 1 year ago
Damn, if you don't run for President no one is gonna do the right thing to save our economy--Run Peter Run!!
inthetubedeep 1 year ago
@inthetubedeep The Fed is dead, in a couple of years, there will be a flight out of Treasury bonds and it will be over for the Federal Government. I won't be an American for much longer, I'll be a Missourian.
rayme4raw 1 year ago
Right on the Money Peter. The smart people know why they're buying
FreedomMeister 1 year ago
I willingly live in poverty because I refuse to give tax money to the U.S. corporation. End the fed, end it now.
2oss7uprey 1 year ago
@2oss7uprey That's a shitty way to spend you life for any reason. It's not like you being a martyr is going to change anything. I'd get over it and go out and live it as large as I could if I were you. But it is your decision. There comes a point where you have to do what is best for you, even if it helps the enemy more than you'd like. There's nothing wrong with giving a bit of ground if you have to. Yes we both agree they are the enemy, far more so than any rag-head in the sandbox.
mcdonaldscalling21 1 year ago
@TheRaawan You're right my friend Americans are just uninformed, guilliable, ignorant, dumb and stupid when it comes from this issue. Just look at it Peter Schiff and Ron Paul was predicted it long ago in 2002 and 2008 and people don't have even clue whats happening in there country. Read Chris Hedges book "Empire of the Illusion" and you will that the Americans are brainwashed from MSM to Corporate Whores.
tribalwar69 1 year ago
@TheRaawan LOL Another 10 years? I was thinking more like 2.
jsnip4 1 year ago
They're calling this the Great Recession, but I think eventually this will be worse than the Great Depression. At least during the Depression our money was backed by gold and America produced stuff, unlike today where we import everything from China and export jobs overseas. Our money is already worthless it's only a matter of time before the real collapse.
dave19782003 1 year ago
Obama is in on the take down of America. I do not trust one politician. Corruption is strangling America to death.
Whorulesnow 1 year ago
@TheRaawan And North Korea isn't the greatest country on Earth. Your leaders lied to you.
baigandine 1 year ago
@TheRaawan @TheRaawan It's pro-Chinese blowhards like you that sing the virtues of China's acceleration that make us want to berate China's ANTI-free trade policies that got it there in the first place all the more. Swallowing our pride is the last thing we're going to do.
baigandine 1 year ago
Comment removed
baigandine 1 year ago
Comment removed
baigandine 1 year ago
I've thrown in the towel. I cant afford to serve the government 1st and my clients last. And I cant spend my days on a golf course. so I'm learning to be passive instead of proactive.
caveat emptor
FairEnterprise 1 year ago
Amazing Peter! It is simply amazing to listen to you. You are probably the smartest guy I have seen or heard.
rothschilds666 1 year ago
Brilliant Peter!
xeppo 1 year ago
I ahve respect for Schiff, but he just made an ass of himself. Why don't you actually o some research on Elizabeth Warren before you judge so harshly, you'd find you two agree on multiple ideals. And Obama (someone I'm not fond of) didn't "not" make her director to side step the senate, but because the banks hate her! Look it up, if the banks hate her that alone is a good sign, let alone her history. Also, she WANTED senate confirmation AND to be director, Obama said no. GET YOUR FACTS.
christmasdnc 1 year ago
@christmasdnc The banks may hate her, but her managing the regulations for financial products will not reverse the Great Economic Collapse. The TBTF banks are dead in the near future anyway.
rayme4raw 1 year ago
I like Schiff's message: Right now, it's 30,000 intellectuals vs 300 economist, but it'd look even better as 50,000 freeman vs 300 persian (imperial) slaves.
MotesTV 1 year ago
energy is the only currency that has any meaning. If you have energy you can recycle everything and reuse it. so the available energy is the money base we really have. Everything can be measured in energy money. Human work would be very cheap because our body and mind use so little energy.
pcuimac 1 year ago
From a physicists pov economists are all voodoo doctors. It all makes no sens at all.
pcuimac 1 year ago
The guy you debated wasn't actually an economist. His wife is though.
bonfirejovi 1 year ago
Peter, you rule!
cresidue 1 year ago
peter hits it right on at 9:00. I want to pull my hair out whenever I read Krugman's columns where he he haughtily scorns the austerians telling them how foolish they are since the costs of borrowing are staying low so we should take advantage of all these low interest rates.
of course even if the interest rate was 2 percent long term we would be screwed becuase it all has to be paid back, it's like a person 100k in debt borrowing another 100k bc "he is getting a great low rate for 10 more yrs"
umrmecheman 1 year ago
"Keynesians are to economists what witch doctors are to medicine." That's going on my facebook profile.
quietdisdain 1 year ago
I agree on the whole Consumer Protection Agency & E.Warren. It should be obvious that this will only hurt the economy further. People that never should have had access to credit now won't, as they're no longer worth the risk if the Gov can just side with the consumer against the credit companies.
On PIMCO, El-Erian & Bill Gross are crooks. They owned huge bonds & bought more on the way down, then got Gov to save them thru the bank bailout. Now Gross wants FNM /FRE bonds to be saved. PIMCO=FRAUD!
BurnOutXL 1 year ago
Elizabeth Warren isn't going to run the agency. Only a wall street insider that'll benefit special interests will run the agency. That isn't Elizabeth Warren.
Elizabeth is only mentioned to please progressives during election time. Once elections are over Elizabeth Warren is out. I wish Peter Schiff didn't attack her.
Wishingstarification 1 year ago
Rothschild really understood the game when he stated:
"It [the Central Bank] gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class. The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is contrary to their interests."
5milamila 1 year ago
Bravo Mr. Schiff !! Reality is a bitch and unfortunately for the dumb-downed herd which comprises the majority of the US population, they will have to resort to acts of crime or sex slavery just to put bread on the table.
Sold out by the US Gubmint and career politicians whose pockets are lined by Big Corp. Congratulations America for pissing freedom away.
Due to your lack of critical thinking and values, instead replaced by greed, selfishness, and envy, the world's elite thanks you.
5milamila 1 year ago
which country could be replacement for US in interim.. canada .. its not doing too badly. till govt and economy changes in america best choice seems to be canada.
ismuks 1 year ago
@ismuks LOL !! Canada is tied to U.S. economy if U.S. economy goes down so does Canada's economy.
When BRIC emerging economies trade for commodities where do you think they get better price ???.
answer: FROM RUSSIA !!
...and N. America. does not manufacture, it's a service based economy.
Canada is only a natural resource commodities producer there is no VALUE ADDED manufacturing. Lies come from Canadian media hype.
jibbi4one 1 year ago
@jibbi4one agree with u. am just saying if you dont really want to learn new lang; canada is reasonably good when it comes to liberty,ease of business, quality of life, environment, freedom, corruption, competitiveness, democracy. and the reason why i only mentioned canada and not the bric coz it is an english speaking country which is much more reasonable choice when americans emigrate and country wont cause as much doom as US policies.
ismuks 1 year ago
@ismuks I'll say Canada it not too great:
- Any business shop set-up in canada would need to learn language.
- too many regulations for foreign investors look @ control some industry sectors face for competative consumer price offer.
- every country has corruption plenty of canada cases
-Canada like U.S., England, France, India have 'rule by majority' democracy hardly proportional fair democracy.
-Canada is Keynsiean economy abanadoned gold a long time ago currency dilution same as U.S.
jibbi4one 1 year ago
@jibbi4one only a small portion of Canada is French speaking, and they still cannot succeed from their union. eh?
Democracy is mob rule and when the mob wants easy cake and plenty of it Keynes rules. Savings and frugality aren't easy when all your neighbors drive SUV's and have matching warmup suits and $3 latte's at brunch in a 6000 sq ft house leveraged a 4-12x family GDP
We gave up our republic and plenty of us are still not happy about that
caveat emptor
FairEnterprise 1 year ago
@FairEnterprise ..the Canadian politics of liberal DEMAND SIDE ECONOMICS vs politics of SUPPLY SIDE ECONOMICS. The sad fact is Canadians believe the tripe that CBC & CTV feed them. Canadians are people who will become slaves to global corporatist interests because they've lost their high technology to others like nuclear,aerospace manufacturing. The reason is they don't invest in educating their own people they rather send them off to war to fight for interventionist internationalists policies.
jibbi4one 1 year ago
@jibbi4one like US? You are 1 angry dude. I don't blame you, I am a supply sider myself. However, How many Canadians do you count as friend or family? Have you had any conversations with international folk? when people run out of fuel and fiat money, they wont follow the dude who bludgeons them with facts, true or false. they need herders for the sheeple! dont waste your anger on trying to be right! dont waste your energy on proving your points. Take action and lead us somewhere or move over.
FairEnterprise 1 year ago
@FairEnterprise How many Canadians do you count as friend or family?
What? I wager most Canadians like americans are too controlled by anti-nationalistic, politically correct, constitution foundation law scofflaws.
Have you had any conversations with international folk?
Yea, so? Most interested in job, wage, sending money back to family and businesses in home country. If economic/political conditions improve guess how fast they leave N. America?
You can't build fair policy here in N.Am.
jibbi4one 1 year ago
@jibbi4one - Any business shop set-up in canada would need to learn language.
WRONG
The next three points - yes and so do most other countries so no real deal breaker there.
-Canada is Keynsiean economy abanadoned gold a long time ago currency dilution same as U.S.
Go ahead and 'wow' me. In what year did Canada first have any REAL debt and started to fall into the same nonsense the USA had already done, and who was their Prime Minister at the time. The answer will surprise most of you.
mcdonaldscalling21 1 year ago
@mcdonaldscalling21 LMAO - Don Harrold has a bungalo in Cuba? Why would you even waste your time upset about an ex- car salesman trying to teach day trading? He may be somewhat bright enough to have actually made some money. You didn't "learn" anything from the "professional" Jim Cramer telling your to buy buy buy just before the 2008 crash did you? - LMAO
762lenny 1 year ago
@762lenny To let less fortunate people know about Don Harrold.
Does he have a bungalow in Cuba? Well, I don't know but I doubt it. Glad you find "Leroy" as he is affectionately known as, as comical as I do. As you can tell, he's not yet sued me yet for outing him despite saying multiple times that "it was imminent". LMAO.
Cramer? Well, where would we start with that clown?
mcdonaldscalling21 1 year ago
jibbi4one 1 year ago
@jibbi4one All of that and you still didn't answer the question. Should I have asked in another language maybe? lol.
mcdonaldscalling21 1 year ago
jibbi4one 1 year ago
@jibbi4one lol, I thought the 'in another language" thing was kinda funny. Those are good numbers. Check that out, people.
mcdonaldscalling21 1 year ago
@jibbi4one
+ 1 quadrillion and a bag of chips....
5milamila 1 year ago
More gold comes to market:
West African Gold mine sees output @ 2.7 million gold ounces in 2010, 4.9 million in 2015.
jibbi4one 1 year ago
@TheRaawan I can't and wont argue your assertion that Americans are ignorant, but claiming degradation of anyone is isolationist horse-sh&t. The economies have grown in China and India in a large part because of the money coming in from the US. There was nothing before that but poverty in many places in those countries, and if someone has a better plan for them other than crying like little girls about 'taking advantage of foreigners', they should pipe up and someone else pay them more.
electropunk311 1 year ago
@TheRaawan I am really upset with what you said... Due to the fact your commits are correct. I wish more Americans would stop this infectious dept cancer, The ride will end very soon.
inthego 1 year ago
@inthego If other countries are stupid enough to follow the US down the black hole of despair, that's their fault. Take responsibility for your own stupidity instead of blaming America for your own part in the mess. We're responsible for our mess, not yours.
electropunk311 1 year ago
@electropunk311
I am an American and I got out of dept a year ago, I have not defaulted on my house so I am part of the solution not the problem but I am in the minority. I have pride in my country but I am not blind to its stupid and short sighted policies...
inthego 1 year ago
Naked savages
dopdahl 1 year ago
Surely Greenspan watches your vlog. 20 years too late.
fexdid 1 year ago
your wires on your computer setup needs organized,,,let me know if you figure out a good way to do that.
SGDeGalvez 1 year ago
@TheRaawan
China needs to start making a move for the Fort Knox gold before a crisis in the dollar happens
Harshjones 1 year ago
@Harshjones
There's no need to. Especially since China is now the largest producer of gold and there's no gold in Fort Knox. The crisis has been going on for the last 39 years but this time, unlike the 70's, the dollar won't survive. The torch has been passed.
5milamila 1 year ago
@5milamila
I don't necessarily agree. If China does not back up its wealth with gold then it is not real enough for me. When the US was the biggest export creditor it had 20,000 tons. China needs allot more gold.
Harshjones 1 year ago
Peter is right on the precious metals, GLD and SLW have brought me 30% returns combined in the past 6 months. I am curious what Peter thinks of XOM at this price and time.
6024691380 1 year ago
@602 It's not XOM itself you have worry about, but more so the overall market. It is pretty extended short term here and I'll assume you missed the pullback on XOM/Market 3 times already this year. I suggest although it may have an immediate upside from here, the safer move would be to wait for a pullback that is the better risk/reward. I always cringe when I see people buying at new tops or after 10% runs. You just know their emotions got the best of them and they've often made a poor choice.
mcdonaldscalling21 1 year ago
1 way to look at it, China practically owns the US. so it has to take care of the US as the US is simply a huge investment for China, all the trades China provides us and the money it gets from us. the US is like a client. however by doing all that, China simply gives us services without a guaranteed profit as we're paying them nothing just accumulating debt. after it's all said and done we're not giving them back anything. wanna own the US? come and get it. thanks for all the free stuff, China
LeeRyan2930 1 year ago
@LeeRyan2930 The last time I read one of your posts, it was just as stupid.
mcdonaldscalling21 1 year ago
@mcdonaldscalling21 it's good to be different, isn't it? a retard like you wouldn't understand me.
LeeRyan2930 1 year ago
@LeeRyan2930
You are absolutely clueless.....
5milamila 1 year ago
This has been flagged as spam show
@5milamila how many accounts do you have? get a life,moron
LeeRyan2930 1 year ago
@TheRaawan well said!!
kolakbanana 1 year ago
For all those who own gol and silver dont tell anyone or theyll steal it. Were gonna thrive in the collapse like in thr depression.
jezza1789 1 year ago
I have posted your blog on my facebook for over ayear now, glad to see it growing so well.
Exus11 1 year ago
Im glad I own silver dam shoulda bought more. LOL Keynes are retards what do they want a soviet union bigger gov lol were doomed
jezza1789 1 year ago
Freudian slip there. He's talking about drugs - "In the long fun..." lol
tigranvartanovitch 1 year ago
Only a record high in dollars your milage may vary depending on your local currency!
sang3Eta 1 year ago
Squeezing out the marginal players so the politically connected can form oligopolies.
Truthpolice9698 1 year ago
Japans "intervention" on the value of the yen is proof that paper money only has value because the govt. says it does...
Value by decree...
rllang01 1 year ago
Thanks Peter
freemutant 1 year ago
Peter, I do not understand why you think the Yen should be strong when Japan is in such a horrible fiscal postition. (Annual borrowings now 2x revenue) I believe that confidence will be lost in the Yen before confidence is lost in the US. Ultimately, yes they are both going down.
784950 1 year ago
Again, in case someone knows where could I listen to last week's Wall street unspun, please PM ME!
Keyguya 1 year ago
Well, I'm throwing in the towel.
Karmiangod 1 year ago
Quote of the day - "Keynesians are to economists what witch doctors are to medicine..."
REOGURU 1 year ago 30
@REOGURU One of the rare prescient statements Ronald Reagen ever said was declaring Keynesism "Voodoo Economics"
pretorious700 1 year ago
I put all your video blogs on my facebook and email them in my own blogs. It's amazing to me that what you're saying is like a foreign language to others, when its just common friggin' sense.
272727jason 1 year ago
Schiff. you're never gonna be elected as long as you have the same sort of government.
A politician who says "You're standard of living is gonna get down 50%" will NEVER BE ELECTED.
Keep up the good work and spreading the truth.
paveljeludovsky 1 year ago
@paveljeludovsky Peter is no longer interested in politics. It was a one time deal and he thought if he didn't get elected that it was too late for him. He's probably going to focus on his family and business now.
ack012 1 year ago
"interviewed one of these guys on fox news" - I haven't whatched the video but I can tell you it was a bloodbath
independence4wales 1 year ago
I will disagree on the issue of regulation, as a small businessman coming from a low regulation economy lack of regulation can be as dangerous or more dangerous than too much regulation. Corruption occurs which benefits larger players in the market and the rules, such as they are, are only applied to the small players.The problem with the US though isn't lack of regulation, its the fact that the regulatory bodies seem to at best incompetant with a fixation on excess paperwork.
theirishdreamer 1 year ago
@theirishdreamer there's no need for regulation. Markets regulate themselves in must the same way that you will shop around for the best deal before you buy. You educate yourself about the lowest prices at the highest quality and fish out the bad from the good and if those companies that consistently fail to produce something that someone is willing to pay for, then they will and should rightfully fail. This is how a market regulates itself. A banking, auto or healthcare company is no different.
delatroy 1 year ago 8
@delatroy
No il disagree. Regulation allows for the market framework to function and enforcement of contracts within a market, without some degree of regulation outright fraud and corruption becomes the norm. The level of complexity within todays markets aren't understood by the average citizen, its grand and all for me as an who has experience in the sector but ive seen too many ordinary people defrauded because of lack of regulation in the past few years to be in support of no regulation.
theirishdreamer 1 year ago
@theirishdreamer fraud is norm? No. Purchasing decisions aren't isolated events - people talk and the fraudster won't be in business for long enough to make it the norm. Market's are both incredibly simple in that they are driven by greed and fear of loss and incredibly complex in that billions of people unknowingly vote to set what gets produce at what price and at what quality. This is true for 1000BC and 2010AD. 1 body cannot replace the knowledge of the consumer - central regulation's flaw.
delatroy 1 year ago
@delatroy You speak from living in a long established market with a long established regulatory enviroment that you take so much for granted you dont think its regulation, I work in a market where decision are often based on race and speficially religion, not economic rational, where people willingly sell at a loss to others of the same religious group to prevent that land or investment moving out of that groups hands. It has improved in the past two decades because of regulation.
theirishdreamer 1 year ago
@theirishdreamer I don't know where you live, but any economy based on bigotry instead of sound objective judgement will be a very poor one. Are you from Iraq?
GaryVolts 1 year ago
@GaryVolts Ireland. Once you get beyond the IFSC and Dublin in general in the rural areas especially this kind of nonsense starts to get common. We're a very low regulation market, especially in comparison to the US and the rest of the EU. Its not common knowledge but it often happens in the background. Example: I can think of a case where a property was sold for the lesser bid to avoid the "wrong" sort getting it.
theirishdreamer 1 year ago
@delatroy If the market was allowed to set interest rates, there would never be bubbles.
pretorious700 1 year ago
@pretorious700 That isnt true, you have to outlaw all artificial credit expansion, i.e. fractional reserve banking.
surprise1982 1 year ago
Comment removed
nightbladex14 1 year ago
Don't buy gold or silver certificates. That basically means you put the trust in the bank or the carrier where they house the gold or silver for them to do good on their word. Their was a recent law suit where a company was selling gold and storage for it but got sued because they just issued out useless paper.
You buy PHYSICAL precious metals. Trust yourself to keep it.
Its the same as keeping your money in a coffee can.
SAFER THAN THE BANK! :)
nightbladex14 1 year ago
I agree 100 percent with you Peter. But, will gold really work. When you buy alot of gold (not coins kept at home) don't the bankers keep it in their vaults and give you a little piece of paper representing the gold?
The government is already going after gold through the healthcare plan, a dark horse slipped in the bill about reporting gold.
What happens when there is no longer any paper currency. The only thing that will work in a barter is on hand gold. The system will keep the gold???
jacobin111 1 year ago
@jacobin111
Well if the current fiat system would disappear and gold take over, we would probably still have paper money, gold backed gold certificate notes. Gold isnt too convinient, i mena, cut off half a gram to buy your lunch? :P
acetylslicylsyra 1 year ago
@acetylslicylsyra I agree with you. I think I wasn't clear about going paperless. By paperless, I mean electronic monetary system, microchips.
My question specifically was, What good will buying gold do if you don't have it at home. To get out of the system coming, the only way will be to barter using gold and silver as a medium, outside of the system. Which will be illegal.
The system is so strong that the bankers can crash gold at will.
jacobin111 1 year ago