"I didn't know, I didn't know, I couldn't have known"
Exactly Peter. You and your dad have been saying the same things for 30 years. So far, you're 1 for 30. You're saying "I wasn't right but I was right" for your 1. You didn't forecast it, you guessed what you've been guessing forever, and now you're rationalizing. Forecasts are useless without a timeline. You also said that the recession would last 5 to 10 years in 2002. Wrong. You weren't that right, and you we're wrong.
@LordMcgyvr Schiff has been right all along he has stuck to the same story and the only reason his forecasts have been delayed is because the banksters, fed and government have alot of cards up their sleeves, lower interest rates, create a housing bubble, create a dotcom bubble etc. But a day of reckoning is upon us they are running out of cards, and sooner or later Peter will get his vengeance. Youre just jealous you didnt buy silver at $4 an oz when Peter told you to.
I see a lot of people saying he shouldn't bother with this critic.
One, Peter has to protect his firm so it is Peters money so he can do what he feels he needs to do to protect it. It's not a social thing.
Two, his rebuttal gives him a forum to teach us. It's a rant but an intelligent rant. He always does his videos in the form of a rant l(ike most people). He has to start somewhere otherwise there is no content.
I have to ask: how is it that you can see all of these problems and everyone else is oblivious? I can understand they are probably in denial. But how do you research these things? How can you forecast this stuff so accurately? It's really unfortunate that there aren't more economically sound people in the world. I'm trying to reset my own deficits right now. College is probably the number one creator of debt in this country. And Obama wants even more kids to go. Sorry, had to throw that in there
Peter is a proponent of Austrian economic theory (though he is only a layman). Austrian school economists have predicted every recession since the Great Depression (Ludwig von Mises predicted that one). Murray Rothbard predicted many of the recessions in the 60s and 70s. While Peter Schiff is not an economist, he is knowledgeable of Austrian theory; but, he is also a broker. So, he is essentially an Austrian, but from an investor's perspective. In summation, that is why he knows.
Why do you even bother debunking Idiots?? You do know that it is the mission of the MEDIA to try to debunk you. If they wouldn't, it be obvious that they failed to bring a clear warning. You make understanding the financial crash so understandable and straight forward, that you make them look stupid. They are trying 2 save their positions as financial "experts" which u are obviously endangering.
Don't sweat the small town stuff. A "critic" is small stuff - even in this big world. You have so much more important insight to share than to take time out to defend a 6 year old interview. This critic must be an idiot to have to go back 6 years to try to discredit your forecasts. Laugh at your critics, get to Washington, and keep changing the world. Good video anyways.
Peter Schiff is probably from the Schiff family which are known to be luciferians. Look at the inverted pentagram on his senate banner. He is exposing the planned financial dark side of illuminati, implying he is on the good side. It is all a huge deception, and the love of money is still the root to all evil.
Do not weary yourself to gain wealth, Cease from your consideration of it. Just use your talents in a creative way, honouring God and people around you.
No man I'm dead serious. This whole financial trap is staged. We are being enslaved into a scientific dictatorship. They keep our brainwashed minds occupied with all kinds of distractions, so we won't see the bigger picture, and happily accept the solution for the chaos they have caused. This has been the game since 1776. Now they are going for the kill to set up their antichrist world order. Jesus is the only way out of this mess. Don't take the mark and don't get vaccinated!
Right...I'll work on that after completing my tinfoil hat, and obtaining a supply of pure grain alcohol so the godless communist of fluoridation can't harm me.
You will do well in politics. Deleting my last post? Epic!
Well clearly I struck too close to home for your liking. I hope you at least took my message about your insecurities to heart. Keep up the good Nazi censorship and I'm sure you will do well working side by side with Obama. lol
That's fine, though. Those of us who know better can use the temporary "recovery" to get the hell out of U.S. assets and move out of the cities. I'm going to learn to raise cattle. If everyone knew, we wouldn't have that chance.
Not that unusual when you consider that you could only afford $8,000 for your hovel in Arkansas and then it only went up to $20,000. I bet it is still worth 12K though.
FACT: Anyone using the word FACT in a comment when there is no FACT present is a moron....,yourself included.
FACT: Greed created the crash...the Government allowed it. Learn the difference.
"Greed" is too general a word to be of any use. Now, it's true that a combination of bad policy at the federal level (pretty much everything electroman cited) and short-sighted by business DID cause the crisis, but this is different from saying that "greed", generally, caused the crisis.
So you believe that all of a sudden when Bush became president that everyone became greedy all of a sudden. Greed must have been lying dormant for centuries.
Can you not read butt lips? It's always been prevalent never dormant. The government just gave everyone a means to exercise it in their own moronic ways.
@aspenmogul It's not really a question of can... it's a question of want... And probably they'll do it (generate next crysis) around 2012. That fits with all those Revelation-nuts saying "something cataclysmic is going to happen".
But not only that, it would also fit with the run-time of 9-10 years, just like between 1919/20 (people fearing recession) - 1929/30 (Great depression).
I further think that people then will rise up, and that's why the Military is preparing for domestic operation.
peter you are down to earth and very wise i hope you make it into senate thanks for sharing i wish id takin your advice years ago and invested in comodaties and the heng seng !
I hope this is a sign of the times of what is on the political horizon....on a postive side. First Ron Paul, then his son ....now Peter Schiff. Im sure there is a few more quietly making decision to follow. crossing my fingers.
Fuck off, stop stalking me and my channel. I dont want your friendship. You had your chance. And dont play it off like you are the one trying to give me a chance.
the reason why no one files suite against people who believe 9/11 was an inside job is because the government would have to show the real evidence and that will never happen
The problem is that you are such a depressed miserable clown who has helplessly watched the world go by and wondered why you havent been able to accomplish anything. Not even a janitors position at a McDonalds.
So you latch on to any think that gives you hope that somehow youre arent just some pile of shit trailer trash. I would feel charitable towards you if you werent such a self-loather, but your self-loathing is too much for me to stomach.
Compared to the rest of the Congress, he's the most genuine person there.
And as for "wacko"-what exactly compares to the belief (so fashionable in the US government today) that we can somehow spend, borrow, and our inflate our way out of a recession caused by spending, borrowing, and inflation?
Oh...screw them Peter! I don't think you should even dignify them by explaining yourself. Anyone with half their brain still inside their cranium, knows you are right.
But Peter...how could you be surprised by Federal Reserve and Federal Government irresponsibility? These are the same institutions that brought us Great Depression 1.0.
Peter...I think you should probably avoid playing whack-a-mole with your critics. They happen. You're going to get more of them as you become more prominent. You can't respond to each one's objections in detail.
Not to insult anyones intelligense here, including Peter Schiff. But do you really think that Mr Benanke and the people controlling the money supply and interest rates are that stupid that they dont know what they're doing?
They are doing what they're doing to suck up the wealth from the masses. Its a way to gain more control, wealth is not destroyed, its transfered to the ones in control.
Gold is being manipulated by Goldman Sachs and the government. The stock market is being supported by the bailouts. If these companies didn't get the bailouts, the stock market would have collapsed already. This is why when the stock market rallies, the dollar index goes down. This is pure inflation.
If the Fed and Congress did not BUY points on the DOW with borrowed and freshly printed money, Peter's forecasts would have been accurate. For those of you who have been bullish, how did you know that $7 trillion would be borrowed and printed to provide emergency financing for Wall Street? Because that is exactly what it took to avoid the stock market from irreparable implosion. The state of corporate finance has been a Ponzi Scheme for years. Proof: Need for Fake interest rates & $7 trillion,
what valid argument could anyone have against abolishing all these programs like social security from the federal government and letting each state decide if they want to provide those programs to their citizens? i can't think of any.
The UK has their debt rating lowered and NHS + the pound is suffering as a result. France just had a report of massive deficits in their healthcare system.
You also have to take into consideration these countries don't have to absorb the sheer amount of "undocumented guests" America does.
im not saying socialism doesnt "work." it can be made to work. that doesnt mean i think its the best choice. i think the free market is infinitely better. im just saying the individual states are the only ones who have a chance of making it work, and they should also have the right to choose not to have it at all. our federal government is corrupt and it can never work as long as they try to do it.
yeah, california, not so good either your right. maybe if they werent jerked around by all the federal laws, regulations, and taxes they could make it work?
At least Mr. Schiff admits his misquotes concerning past predictions, as opposed to those Kool-aid drinking, Bud Fox-wanna-be mongoloids on FAST MONEY.
I don't know if Peter Schiff has made an official statement concerning is family background, but is he related to Jacob Hirsch Schiff who helped found Kuhn, Loeb & Co. (now the late Lehman Bros.) who also funded Bolsheviks in the Russian Revolution?
i dont think its bad to stay connected to your ethnic group. the chinese do, the koreans do. they are all successful. of course you wouldnt want to stay connected with bad members of your ethnic group. italians should shun the mafia for example.
How could he be lying when he's talking about documented facts that happened a few yrs ago?
I saw the blinking as well, maybe he has a blinking problem.. I dunno.. I also check my blinking and I was blinking aprox at the same taye he was... maybe it was the computer relfection that made him blink so much.. who cares! lol
indeed it does, I assume hes trying to cover for the fact that he lost 80% of his investments for his clients in 2008. No to mention he's one of these "destory the fed go back to the gold standard" idiots.
as i recall he said his investments have regained all their value now whereas the dow hasnt.
why is it not a good idea to end the fed? do you know the history of central banks in our country? we've had 6. they've all been abolished because of abuse.
I invite everyone to pick-up a copy of G. Edward Griffin's "The Creature From Jekyll Island" and read it one time. If you get the gist of the read, you will understand two things:
1) The key to Central Banking is a cartel relationship between financiers and politicians. Together, they create an atmosphere of zero competition & hyper-spending for "bridges to nowhere" & political wars.
2) Your money is safer under a mattress than in a bank with limited specie & a corrupt FDIC.
@FunkhouserMemorial actually your money under a mattress would still get devalued and im pretty sure that when you do decide to remove that money from under the bed, it wont even be able to buy that bed.
I like your videos, you explain what is happening in an understandable way instead of trying to baffle people with numbers & graphs like the news.
It's been obvious the US was in trouble for years - I remember a few years back (maybe 4 or 5) when you seemed to be 'on top', but you had the same level of debt as Ethiopia. I knew when I saw that figure that you were gonna be screwed at some point.
A lot of what you day doesn't apply to me though, I'm British. Who's good to listen to in the UK?
There is not a single case on record in history of any country that has developed successfully through adherence to "free market" principles: none. Certainly not the US. The US has always had EXTENSIVE state intervention in the economy right from the earliest days - we would be exporting fur right now if we were following the principles of comparative advantage. The reason the industrial revolution took off was because of high protectionist tariffs the US govt put on British goods & cheap cotton
there is not a single case on record in history of any country that has developed successfuly through adherence to "socialistic" principles: none. Certainly not the US. the US has ALWAYS had AN extensively competitive market right fromt he early days. We would be exporting nor importing anything following the principles of state ownership of the means of production. The reason the industrial revolution took off was because of low regulations and low taxes.
that is absolutely not true. government (federal and state) percentage of gdp in 1925 was 20%. now its 50%. in 1925 we had no social security, no medicare, very little regulation, no fannie or freddie. people would be shocked to see how different we were back then.
the only problem we had in 1925 was the federal reserve who was steering our country into a massive recession, and fdr, a progressive, who turned it into a depression.
He's closer to being a fascist than anything else. He really is an ignorant puppet that really believes his press clippings that he is a genius, so in the end it makes him a fool.
Peter did u here about china pulling out all it's gold bullion out of London's bank? I expect the U.S.A. to be on its on plan the devalue the dollar by the end of 2009. Could this be a sign that some strange collapse of the dollar is imminent?
You write that China is pulling its gold out of a London Bank.
I believe this is misleading.
China is the world's largest producer of gold & is a net exporter of gold (primarily in the form of gold jewelry) & so far as I know keeps its gold in Chinese banks.
I think you must have been referring to Hong Kong which although politically aligned w/ China, financially is primarily separate.
I see no reason for China to bring more gold into their country.
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What no one is talking about is TECHNOLOGICAL UNEMPLOYMENT. Even Austrian economics doesn't discuss it. Basically, as population increases alongside automation, we will eventually reach a point where statistically there won't/can't be enough jobs to go around. Socialism is inevitable... which I personally think is a good thing. Most Americans have been brainwashed into believing that it is something to be feared.
more automation means cheaper prices means higher standard of living. The improvements in farming removed 90% of the population from farming labor. But that didn't mean they were all unemployed- as long as people want goods and services there will be new jobs to take on. There are ALWAYS jobs available at a certain price.
Bowser2398: It's interesting how you can't see the inevitability of socialism. Capitalism is well past broken as the wealth gap continues to increase. Don't get me wrong, I like Peter and think he's a brilliant capitalist, but pure capitalism as it is practiced in the states won't last...thankfully.
Unfortunately we have not had pure capitalism for a very long time. Socialism will be destructive as it only can be and highly inefficient. I do agree however that it is here and on the way on a global level
Yes I am. I am also aware that there are levels of socialism in different countries like France Norway Canada. I am more familiar with France and Canada, and neither one of those economies is served by their own system. Neither one is a world producer or leader as they would be under a more capitalist system. I recommend Ludwig von Mises book Socialism. It should clear stuff up for you
That's interesting because Canada is doing so much better than the US. Their banks just surpassed ours, rating wise. Norway has one of the highest standard of living ratings in the world. What r u talking about?
The wealth gap hasn't been increasing because of capitalism. its been increasing because of socialism. There's thousands of regulations and taxes in this country and others. Socialism is what has never lasted- capitalism in essence(not mercantalism which is probably what you are arguing against) is just voluntary transactions between individuals. Socialism implies violence.
The fact that they are "public" schools implies that they are not based on the free-market. no capitalism implies ownership and private property. Socialism is defined as a central authority owning the means of producion. Unless you are referring to anarcho-socialism. In which case- Anarcho-capitalism is much superior
Austrian economics does discuss it- and it debunks it quite quickly. As automation increases- there won't be less jobs to go around. There will sill be jobs to repair the automation- and the LESS people have to work the BETTER. an economy isn't good because there's jobs- no one wants to work. An economy is good when people don't have to work as hard and can spend more of their time on leisure. This is an old luddite fear. You are thinking of economics as a zero-sum game. It is not.
Valid point. The internet has damn near destroyed American shopping malls which is kind of ironic considering shopping malls destroyed main street businesses when they emerged in the late 1960s-early 1970s.
malls have gone down because there were too many of them, caused by all the borrowing and spending. i dont think malls were being hurt that much by the internet though.
The internet was part of the reason I should say. Big Box stores (e.g. Wal-Mart) and movie theaters expanding beyond two screens also contributed as well. There are too many of them and a lot of them tanked because, besides the aforementioned, they weren't on major roadways.
Re: Technological Unemployment: I am a controls engineer. I produce the robots and automation that replaces union jobs. What you are talking about is a myth, and a particularly dim-witted one at that. First, there will never be a lack of need for entrepreneurs. Ever. Second, it will be a LONG time (if ever) that AI can replace human invention, creativity, innovation, etc. Finally, automating as much as possible merely frees people up for other jobs, such as programming, design, writing, art, etc
Jaycephus: I didn't say everything would be automated jackass. Of course humans will be needed for invention, innovation, etc. That DOES NOT solve the problem of Technological Unemployment. It WILL happen, it's only a matter of time. Socialism is inevitable. Read "The Ragged Trousered Philanthropists."
max keiser said that, not schiff. schiff said it COULD go to $2000, not would.
gold isnt an INVESTMENT, its a HEDGE against inflation. schiff INVESTS in stocks, foreign stocks. schiff says that, after adjusting for exchange rate, his stocks to date have done better than u.s. stocks.
why even take the risk in investing in u.s. stocks? the whole world is worried about the possible collapse of the dollar. at any time your stocks could become highly devalued if not worthless.
Heh. In 2002 I was telling people to get out from under their big mortgages, downsize, and to stop flipping houses. I told them the housing bubble only had another one to three years before it popped. The last year that anyone really made any money in real estate was in 2005. (Especially when inflation is factored in.) In 2002, almost everyone said I was nuts. The general trends were there for anyone to see. It was never a matter of outcomes, just a matter of timing and details.
listened to you a lot peter, always with great interest.
Now when you are turning to kid tacticts, dis guy said dis dat guy said that.
Dont go down dat road, stay as you are telling the truth, and if you have critics, u dont need to defend yourself on here, we can all laugh at them later when all you said turns true.
@TheOrderOutOfChaos: What's up with this God talk? I've followed Schiff for a while and he never comes out like that. If I were him and people were taking hits on my credibility I would call them out as well. Keeping your good name is different then expecting everyone to treat you as a god. Look to Obama for that. And Mr. Norman, stop using all these different names to try and defame Peter.
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I seen you on Fox News , that does not give you credibility and you are anal about anyone who disagrees with you , i noticed a pattern of ghost accounts that seem to always show up and leave a childish comment to anyone that does not say hi god how may we serve you , besides u don,t care about poor people at all , your a economic hit man
he's on cnbc and other channels too. just because he's on a particular channel doesnt mean he endorses it.
wild accusations of sockpuppetry will get you know where unless you can prove it.
the free market, which schiff endorses, does more for poor people than all the government programs combined. how is that not caring? if he didnt care about people he'd be working for GS making billions at the expense of the poor taxpayer. your way out of line.
Also, those who follow Peter know he doesn't "have" to defend his record but an attack on your reputation and livihood should not go unacknowledged and corrected. Peter just recycles the negative energy into positive.
I think Peter appropriately uses the attacks like a good martial artist would- use the opponents energy to further your own beliefs and promote really important facts I wasn't aware of and solid artful economic analysis. Its a great strategy to accomplish multiple goals almost effortlessly. The analysis he describes REALLY inspired me to acquire more understanding.
indo isnt so bad. i live there too. its actually more free than america in some ways. you can get by most regulations through bribery. in america you cant.
Peter, what is the worth in 2002 dollars based on inflation and the fall of the dollar.
Exactly, the dow is at 4K now in 2002 dollars.
I was so poor as a kid, I picked up dogshit for a living. I managed my own 3 million until the market crashed, now broke.
And more importantly, with all the REGULATION on everything, which guys like the fellow your referring to, are probably are okay with, I'll never be able to recover. The paper costs are way too much to operate. Sweat-Blood, =0 factor
to all who say peter shouldnt defend himself, remember it was the video, "peter schiff was right" that catapulted him into the spotlight. being right is important!
misrepresentation by other economists, both large and small, need to be countered immediately and thoroughly. it will also make future critics think twice before misrepresenting his record, they know they wil get called on it.
Here's a snippet of what the alleged critic stated on max keiser's vlog:
Finally, schiff is a wimp.
CNN asked me if I would debate Schiff. I said "sure but Schiff will not debate me".
CNN said "Schiff said he will debate anyone"
So I said "Set it up then"
Schiff backed out.
I would crucify Schiff in a debate and he knows it.
Oddly enough I still support him for Senate. His investment thesis and risk management suck, but he has the right ideas on government and deficit spending.
if schiff saw a critic as a credible threat he might choose to debate him or her. he's debated many people in the past. he destroyed them all. maybe not immediately, but later when the schiff hit the fan.
but these bloggers are not major threats, they are major fails that can be easily dealt with via a simple vlog rebuttal. afterward he can sit back, relax, drink a nice refreshing beverage, and light up a cigar with a $100,000,000,000,000 obamadollar bill. ;-)
As you said, you explained exactly what the problems are and how they are going to unfold. I am amazed at your foresight and confidence. I hope you every success as its going to be hard trying to get thru to the 90% of politicians who cant see the problem and get the solution wrong.
I am a client and a contributor to your campaign. With all due respect to your dad, do not follow his path. You cannot respond to every blogger who is critical of you. It will drive you insane. Not only that, you will lose the election. Keep focused on the mission, which is to get America on the correct track. We truly need leaders as yourself to do this.
"I didn't know, I didn't know, I couldn't have known"
Exactly Peter. You and your dad have been saying the same things for 30 years. So far, you're 1 for 30. You're saying "I wasn't right but I was right" for your 1. You didn't forecast it, you guessed what you've been guessing forever, and now you're rationalizing. Forecasts are useless without a timeline. You also said that the recession would last 5 to 10 years in 2002. Wrong. You weren't that right, and you we're wrong.
LordMcgyvr 11 months ago
@LordMcgyvr Schiff has been right all along he has stuck to the same story and the only reason his forecasts have been delayed is because the banksters, fed and government have alot of cards up their sleeves, lower interest rates, create a housing bubble, create a dotcom bubble etc. But a day of reckoning is upon us they are running out of cards, and sooner or later Peter will get his vengeance. Youre just jealous you didnt buy silver at $4 an oz when Peter told you to.
longlivetherepublic1 11 months ago
@LordMcgyvr "Exactly Peter. You and your dad have been saying the same things for 30 years. So far, you're 1 for 30."
You people think this is just a pissing war.
It's not. Go ahead and short gold and silver, go long treasuries - do whatever you freaking like. It's your money.
fuzzywzhe 8 months ago
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pani63 11 months ago
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pani63 11 months ago
Clearly he didn't do a good job. Why make billions when you can make... millions!
twistedbydsign99 1 year ago
I see a lot of people saying he shouldn't bother with this critic.
One, Peter has to protect his firm so it is Peters money so he can do what he feels he needs to do to protect it. It's not a social thing.
Two, his rebuttal gives him a forum to teach us. It's a rant but an intelligent rant. He always does his videos in the form of a rant l(ike most people). He has to start somewhere otherwise there is no content.
jasonofcompsci 2 years ago
I have to ask: how is it that you can see all of these problems and everyone else is oblivious? I can understand they are probably in denial. But how do you research these things? How can you forecast this stuff so accurately? It's really unfortunate that there aren't more economically sound people in the world. I'm trying to reset my own deficits right now. College is probably the number one creator of debt in this country. And Obama wants even more kids to go. Sorry, had to throw that in there
genericbrand87 2 years ago
Peter is a proponent of Austrian economic theory (though he is only a layman). Austrian school economists have predicted every recession since the Great Depression (Ludwig von Mises predicted that one). Murray Rothbard predicted many of the recessions in the 60s and 70s. While Peter Schiff is not an economist, he is knowledgeable of Austrian theory; but, he is also a broker. So, he is essentially an Austrian, but from an investor's perspective. In summation, that is why he knows.
jaffijoe 2 years ago
Why do you even bother debunking Idiots?? You do know that it is the mission of the MEDIA to try to debunk you. If they wouldn't, it be obvious that they failed to bring a clear warning. You make understanding the financial crash so understandable and straight forward, that you make them look stupid. They are trying 2 save their positions as financial "experts" which u are obviously endangering.
istvangy86 2 years ago 2
@istvangy86 So?
Pdrum2 1 year ago
Greek socialists win in a landslide.
marniespeaks 2 years ago
Don't sweat the small town stuff. A "critic" is small stuff - even in this big world. You have so much more important insight to share than to take time out to defend a 6 year old interview. This critic must be an idiot to have to go back 6 years to try to discredit your forecasts. Laugh at your critics, get to Washington, and keep changing the world. Good video anyways.
tesskansas 2 years ago
HEY! I NEED MONEY!
ShadowSalt 2 years ago
Peter Schiff is probably from the Schiff family which are known to be luciferians. Look at the inverted pentagram on his senate banner. He is exposing the planned financial dark side of illuminati, implying he is on the good side. It is all a huge deception, and the love of money is still the root to all evil.
Do not weary yourself to gain wealth, Cease from your consideration of it. Just use your talents in a creative way, honouring God and people around you.
Ramohog 2 years ago
Um, Ramohog...you're joking, right?
nonantianarchist 2 years ago
No man I'm dead serious. This whole financial trap is staged. We are being enslaved into a scientific dictatorship. They keep our brainwashed minds occupied with all kinds of distractions, so we won't see the bigger picture, and happily accept the solution for the chaos they have caused. This has been the game since 1776. Now they are going for the kill to set up their antichrist world order. Jesus is the only way out of this mess. Don't take the mark and don't get vaccinated!
Ramohog 2 years ago
Right...I'll work on that after completing my tinfoil hat, and obtaining a supply of pure grain alcohol so the godless communist of fluoridation can't harm me.
nonantianarchist 2 years ago
You really are crazy !!
electroman076 2 years ago
Schiff
You will do well in politics. Deleting my last post? Epic!
Well clearly I struck too close to home for your liking. I hope you at least took my message about your insecurities to heart. Keep up the good Nazi censorship and I'm sure you will do well working side by side with Obama. lol
sayah64 2 years ago
good man
managarm1349 2 years ago
Hey Schiff , were do you stand on a global currency?
trainstation21 2 years ago
The Fed prolonged Peter's forecast. The Fed is still prolonging it. The only question left is... how long can they prolong it?
No discredit Peter. Thousands of us know exactly what's going on. Unfortunately, millions do not.
aspenmogul 2 years ago 13
That's fine, though. Those of us who know better can use the temporary "recovery" to get the hell out of U.S. assets and move out of the cities. I'm going to learn to raise cattle. If everyone knew, we wouldn't have that chance.
Burt1038 2 years ago
Many of us saw this coming....
In 2005 when I saw the value of my home go up 250%%% in a period of 3 years I knew something was very wrong !
In the past 100 years this has never happend without an outside factor!!
Yet it was right in front of us as Dems and Repubs were adding to the problem...
Easy money, no down, low intrest, "social justice"...
FACT.... The government created this crash !!
By creating hyper demmand which hyper inflated prices
electroman076 2 years ago
Not that unusual when you consider that you could only afford $8,000 for your hovel in Arkansas and then it only went up to $20,000. I bet it is still worth 12K though.
FACT: Anyone using the word FACT in a comment when there is no FACT present is a moron....,yourself included.
FACT: Greed created the crash...the Government allowed it. Learn the difference.
sayah64 2 years ago
"Greed" is too general a word to be of any use. Now, it's true that a combination of bad policy at the federal level (pretty much everything electroman cited) and short-sighted by business DID cause the crisis, but this is different from saying that "greed", generally, caused the crisis.
nonantianarchist 2 years ago
@sayah
So you believe that all of a sudden when Bush became president that everyone became greedy all of a sudden. Greed must have been lying dormant for centuries.
You fuckin moron
jjrglobal 2 years ago
Can you not read butt lips? It's always been prevalent never dormant. The government just gave everyone a means to exercise it in their own moronic ways.
Don't respond until you learn to read asswipe.
sayah64 2 years ago
How bout I respond by puttin my foot in your ass mother fucker
jjrglobal 2 years ago
You should have sold and bought in a place that wasn't hit so bad.
JohnBreadForger 2 years ago
@aspenmogul It's not really a question of can... it's a question of want... And probably they'll do it (generate next crysis) around 2012. That fits with all those Revelation-nuts saying "something cataclysmic is going to happen".
But not only that, it would also fit with the run-time of 9-10 years, just like between 1919/20 (people fearing recession) - 1929/30 (Great depression).
I further think that people then will rise up, and that's why the Military is preparing for domestic operation.
istvangy86 1 year ago
peter you are down to earth and very wise i hope you make it into senate thanks for sharing i wish id takin your advice years ago and invested in comodaties and the heng seng !
rolficus 2 years ago
are you still in Chinese stocks ? Looks like bubble
hktraveller 2 years ago
He was surprised by the Fed? Sounds like a twist of numbers and ideology...
aliakbar01 2 years ago
I hope this is a sign of the times of what is on the political horizon....on a postive side. First Ron Paul, then his son ....now Peter Schiff. Im sure there is a few more quietly making decision to follow. crossing my fingers.
tonysshadow 2 years ago
This comment has received too many negative votes show
Ron paul is a phony and a wacko.
ThunderAppeal 2 years ago
be a human first man. i will still try to be your friend
kchomer1 2 years ago
Fuck off, stop stalking me and my channel. I dont want your friendship. You had your chance. And dont play it off like you are the one trying to give me a chance.
Fuck off.
ThunderAppeal 2 years ago
i`ll give you as many chances as grains of sand. your to dumb to be friendly so your a shill
kchomer1 2 years ago
I dont want your chances. For my feelings about you truthers you can visit my channel.
ThunderAppeal 2 years ago
your as ignorant as a rock to what the truth is though
kchomer1 2 years ago
the reason why no one files suite against people who believe 9/11 was an inside job is because the government would have to show the real evidence and that will never happen
kchomer1 2 years ago
that's a circular argument (logical fallacy). The reason there is no lawsuit is because there is no evidence that 9/11 was an "inside" job.
rationalCrash 2 years ago
The problem is that you are such a depressed miserable clown who has helplessly watched the world go by and wondered why you havent been able to accomplish anything. Not even a janitors position at a McDonalds.
So you latch on to any think that gives you hope that somehow youre arent just some pile of shit trailer trash. I would feel charitable towards you if you werent such a self-loather, but your self-loathing is too much for me to stomach.
ThunderAppeal 2 years ago
you just prove my point man. your a tool, but chances of plenty you shall get and maybe you`ll grow something like a rain
kchomer1 2 years ago
your a phony too
kchomer1 2 years ago
Kchomer you fucking truther creep.
You should have been in the WTC that morning you degenerate piece of slime.
ThunderAppeal 2 years ago
were you there? and can you prove it? dont be a degenerate beck wanna be.
kchomer1 2 years ago
"Ron Paul is a phony and a wacko"
Compared to the rest of the Congress, he's the most genuine person there.
And as for "wacko"-what exactly compares to the belief (so fashionable in the US government today) that we can somehow spend, borrow, and our inflate our way out of a recession caused by spending, borrowing, and inflation?
nonantianarchist 2 years ago
Exactly !!!
He is also one of the few who IS NOT A LAWER AND HAS ACTUALLY HAD A REAL PRIVATE SECTOR JOB !!!!
Unlike say... Obama, Biden,McCain,Frank and so on...
I dont think between the three of them they could accuratly explain securites, finance and the banking system...
YET WE PUT THEM IN CHARGE
WTF
electroman076 2 years ago
Oh...screw them Peter! I don't think you should even dignify them by explaining yourself. Anyone with half their brain still inside their cranium, knows you are right.
999Atwood 2 years ago
You act like the worst is over.
I can see things are going down the toilet daily.
I would be surprised if their is a dow in the next few years
chriswroads 2 years ago
they prolly jack up gold to 1,000 oz ,so lil old ladys will run and sell their gold for fiat cash.
RebelRouserMC 2 years ago
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1986MJFan 2 years ago
people will always try to attack those that have the courage to stand up and tell the truth..
Mr. Schiff feel free to kick them in the u-nos... they deserve it
cds162 2 years ago
thank you dr. ron paul
go peter schiff , rand paul,
shortywarn 2 years ago
But Peter...how could you be surprised by Federal Reserve and Federal Government irresponsibility? These are the same institutions that brought us Great Depression 1.0.
nonantianarchist 2 years ago
Peter Schiff for president!
nonantianarchist 2 years ago
Peter...I think you should probably avoid playing whack-a-mole with your critics. They happen. You're going to get more of them as you become more prominent. You can't respond to each one's objections in detail.
nonantianarchist 2 years ago 2
how come
Sometimes1able 2 years ago
a sdfsfa
Sometimes1able 2 years ago
well peter like a said before
u see ur only mistake was u didnt know
who runs the cruced federal reserve
th eilluminati elite
evrytime u make a prediction u dont take in account what is the elite intention u might be wrong or slietly wrong
otherwise u rule:)
ABOSOLUTEKNOWLEDGE 2 years ago
yes the evil league of supermen. Who is in the Illuminati now? Im pretty sure its run by lex luthor now.
videosfromderelix 2 years ago
simply a clear thinker...
shockosports 2 years ago
I love peter, but I hate when he plays these lame games about not naming the critics. The critic is Mike Shedlock.
ArnoldWhorshack 2 years ago
I would like to see schiff debate mish shedlock... i tend to agree with schiff but see truth in both arguments.
dankeewolnir4042 2 years ago
Obama to say now or never on health care..
WE SAY NEVER ON HEALTH CARE ! ! !
liveoutstanding 2 years ago
Not to insult anyones intelligense here, including Peter Schiff. But do you really think that Mr Benanke and the people controlling the money supply and interest rates are that stupid that they dont know what they're doing?
They are doing what they're doing to suck up the wealth from the masses. Its a way to gain more control, wealth is not destroyed, its transfered to the ones in control.
xurbancampx 2 years ago 2
shhh... the economy is fake anyways
dancoulsdan 2 years ago
Gold is being manipulated by Goldman Sachs and the government. The stock market is being supported by the bailouts. If these companies didn't get the bailouts, the stock market would have collapsed already. This is why when the stock market rallies, the dollar index goes down. This is pure inflation.
He101A 2 years ago
If the Fed and Congress did not BUY points on the DOW with borrowed and freshly printed money, Peter's forecasts would have been accurate. For those of you who have been bullish, how did you know that $7 trillion would be borrowed and printed to provide emergency financing for Wall Street? Because that is exactly what it took to avoid the stock market from irreparable implosion. The state of corporate finance has been a Ponzi Scheme for years. Proof: Need for Fake interest rates & $7 trillion,
AristophanesNow 2 years ago
dont worry pete. We love ya
sabrinacle 2 years ago
I've never been a copper, but, I understand they hate attending domestics... me too! :P
RickAgain 2 years ago
what valid argument could anyone have against abolishing all these programs like social security from the federal government and letting each state decide if they want to provide those programs to their citizens? i can't think of any.
michaelpshipley1 2 years ago
socialism works in Europe :p
and don't tell me about lines I can wait 1 or 2 hours in clinic if I have flu
dimaniak4 2 years ago
Really? Hungary is doing swell I hear.
Or are you just cherry picking a few select W. European countries?
DoctorJohnJGibbons 2 years ago 3
Eastern European countries got their democracy and freedom only 20 years ago. You expect them to outperform their Western European neighbours?
dimaniak4 2 years ago
The UK has their debt rating lowered and NHS + the pound is suffering as a result. France just had a report of massive deficits in their healthcare system.
You also have to take into consideration these countries don't have to absorb the sheer amount of "undocumented guests" America does.
DoctorJohnJGibbons 2 years ago 2
im not saying socialism doesnt "work." it can be made to work. that doesnt mean i think its the best choice. i think the free market is infinitely better. im just saying the individual states are the only ones who have a chance of making it work, and they should also have the right to choose not to have it at all. our federal government is corrupt and it can never work as long as they try to do it.
michaelpshipley1 2 years ago
It doesn't work on large scales, that's for sure. For a few million people, yeah, maybe. For 300 million, from sea to shining sea ... not so much.
Though to say it works on smaller scales seems a bit inaccurate as well. See California.
immanent 2 years ago
immanent,
yeah, california, not so good either your right. maybe if they werent jerked around by all the federal laws, regulations, and taxes they could make it work?
michaelpshipley1 2 years ago
At least Mr. Schiff admits his misquotes concerning past predictions, as opposed to those Kool-aid drinking, Bud Fox-wanna-be mongoloids on FAST MONEY.
I don't know if Peter Schiff has made an official statement concerning is family background, but is he related to Jacob Hirsch Schiff who helped found Kuhn, Loeb & Co. (now the late Lehman Bros.) who also funded Bolsheviks in the Russian Revolution?
Is Peter Schiff connected to Jacob Schiff?
Could someone clear the air on this please.
FunkhouserMemorial 2 years ago
FunkhouserMemorial,
according to andrew schiff, peter's brother, their family is not related to the jacob hirsch schiff who helped found lehman bros.
google: Is Irwin Schiff related to Jacob Schiff?
michaelpshipley1 2 years ago
They are all jews they are all connected ;)
dimaniak4 2 years ago
dimaniak4,
i dont think its bad to stay connected to your ethnic group. the chinese do, the koreans do. they are all successful. of course you wouldnt want to stay connected with bad members of your ethnic group. italians should shun the mafia for example.
michaelpshipley1 2 years ago 2
How could he be lying when he's talking about documented facts that happened a few yrs ago?
I saw the blinking as well, maybe he has a blinking problem.. I dunno.. I also check my blinking and I was blinking aprox at the same taye he was... maybe it was the computer relfection that made him blink so much.. who cares! lol
cinefiliaycinefobia 2 years ago 2
rogaine IS YOUR FRIEND.
timm9 2 years ago
This has been flagged as spam show
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MusicMichaels 2 years ago
indeed it does, I assume hes trying to cover for the fact that he lost 80% of his investments for his clients in 2008. No to mention he's one of these "destory the fed go back to the gold standard" idiots.
SaggyBallsMcCain 2 years ago
as i recall he said his investments have regained all their value now whereas the dow hasnt.
why is it not a good idea to end the fed? do you know the history of central banks in our country? we've had 6. they've all been abolished because of abuse.
michaelpshipley1 2 years ago
michaelpshipley1:
1. Bank of North American started by Robert Morris (1781-85)
2. 1st Bank of the U.S. started by Alexander Hamilton (1791-1811)
3. 2nd Bank of the U.S. started by Nicholas Biddle (1816-1836)
4. The Federal Reserve (1913-present) started by a Morgan, Rockefeller, Warburg and Rothschild agents.
- All promoted fiat or partially backed currencies.
- All resulted in massive inflation & depreciation of the buying power.
- All were involved w/foreign entanglements & corruption.
FunkhouserMemorial 2 years ago
FunkhouserMemorial ,
perfect thank you. if people only knew history of central banks they would avoid them like the plague.
michaelpshipley1 2 years ago
I invite everyone to pick-up a copy of G. Edward Griffin's "The Creature From Jekyll Island" and read it one time. If you get the gist of the read, you will understand two things:
1) The key to Central Banking is a cartel relationship between financiers and politicians. Together, they create an atmosphere of zero competition & hyper-spending for "bridges to nowhere" & political wars.
2) Your money is safer under a mattress than in a bank with limited specie & a corrupt FDIC.
FunkhouserMemorial 2 years ago 8
@FunkhouserMemorial actually your money under a mattress would still get devalued and im pretty sure that when you do decide to remove that money from under the bed, it wont even be able to buy that bed.
GusBariga 5 months ago
I know nothing of this guy. You're right though - he does blink a hell of a lot though.
LarryDean6987 2 years ago
Mish is right Schiff is wrong
Mish >>>> Schiff
dimaniak4 2 years ago
dollar is falling, gold is up. Looks like Peter is ahead for now.
DoctorJohnJGibbons 2 years ago
Schiff said that gold will be $2000/oz by the end of this year. It's already september and gold is $1000/oz...
dimaniak4 2 years ago
Cite where Peter says gold WILL be 2000, or get bent.
immanent 2 years ago
He said that several times in different videos. Ask him if you don't believe me.
dimaniak4 2 years ago
that's what I thought.
immanent 2 years ago
I like your videos, you explain what is happening in an understandable way instead of trying to baffle people with numbers & graphs like the news.
It's been obvious the US was in trouble for years - I remember a few years back (maybe 4 or 5) when you seemed to be 'on top', but you had the same level of debt as Ethiopia. I knew when I saw that figure that you were gonna be screwed at some point.
A lot of what you day doesn't apply to me though, I'm British. Who's good to listen to in the UK?
TheMightyCult 2 years ago 2
"Who's good to listen to in the UK? "
Daniel Hannan
michaelpshipley1 2 years ago
Ta, will check him out
TheMightyCult 2 years ago
There is not a single case on record in history of any country that has developed successfully through adherence to "free market" principles: none. Certainly not the US. The US has always had EXTENSIVE state intervention in the economy right from the earliest days - we would be exporting fur right now if we were following the principles of comparative advantage. The reason the industrial revolution took off was because of high protectionist tariffs the US govt put on British goods & cheap cotton
DaviidHill 2 years ago
there is not a single case on record in history of any country that has developed successfuly through adherence to "socialistic" principles: none. Certainly not the US. the US has ALWAYS had AN extensively competitive market right fromt he early days. We would be exporting nor importing anything following the principles of state ownership of the means of production. The reason the industrial revolution took off was because of low regulations and low taxes.
Bowser2398 2 years ago 7
DaviidHill,
that is absolutely not true. government (federal and state) percentage of gdp in 1925 was 20%. now its 50%. in 1925 we had no social security, no medicare, very little regulation, no fannie or freddie. people would be shocked to see how different we were back then.
the only problem we had in 1925 was the federal reserve who was steering our country into a massive recession, and fdr, a progressive, who turned it into a depression.
michaelpshipley1 2 years ago 2
Peter Schiff for Senate
mikeiswylde 2 years ago
Oh, and please don't say Obama is a socialist. He's so far from being a socialist it's laughable.
itrainsinoctober 2 years ago
He's closer to being a fascist than anything else. He really is an ignorant puppet that really believes his press clippings that he is a genius, so in the end it makes him a fool.
Truthinmidamerica 2 years ago
doesnt he own gm?
michaelpshipley1 2 years ago
Gold broke 1000 today, looks like Schiff Happened.
Vunks2000 2 years ago 2
hi,
Peter did u here about china pulling out all it's gold bullion out of London's bank? I expect the U.S.A. to be on its on plan the devalue the dollar by the end of 2009. Could this be a sign that some strange collapse of the dollar is imminent?
akparker1 2 years ago
akparker1
You write that China is pulling its gold out of a London Bank.
I believe this is misleading.
China is the world's largest producer of gold & is a net exporter of gold (primarily in the form of gold jewelry) & so far as I know keeps its gold in Chinese banks.
I think you must have been referring to Hong Kong which although politically aligned w/ China, financially is primarily separate.
I see no reason for China to bring more gold into their country.
DillonX 2 years ago
What about the very recent urging of the Chinese govt that its citizens should buy gold?
Jaycephus01 2 years ago 2
they are smart ....
jax1492 2 years ago
This comment has received too many negative votes show
What no one is talking about is TECHNOLOGICAL UNEMPLOYMENT. Even Austrian economics doesn't discuss it. Basically, as population increases alongside automation, we will eventually reach a point where statistically there won't/can't be enough jobs to go around. Socialism is inevitable... which I personally think is a good thing. Most Americans have been brainwashed into believing that it is something to be feared.
itrainsinoctober 2 years ago
Or maybe you've been brainwashed into thinking socialism is good. Hmmm.....
ForgottenCreature 2 years ago 2
ForgottenCreature: Not at all, I just happen to understand it.
itrainsinoctober 2 years ago
more automation means cheaper prices means higher standard of living. The improvements in farming removed 90% of the population from farming labor. But that didn't mean they were all unemployed- as long as people want goods and services there will be new jobs to take on. There are ALWAYS jobs available at a certain price.
Bowser2398 2 years ago 2
Bowser2398: It's interesting how you can't see the inevitability of socialism. Capitalism is well past broken as the wealth gap continues to increase. Don't get me wrong, I like Peter and think he's a brilliant capitalist, but pure capitalism as it is practiced in the states won't last...thankfully.
itrainsinoctober 2 years ago
Unfortunately we have not had pure capitalism for a very long time. Socialism will be destructive as it only can be and highly inefficient. I do agree however that it is here and on the way on a global level
mikeiswylde 2 years ago 3
mikeiswylde: Are you familiar with free market socialism???
itrainsinoctober 2 years ago
Yes I am. I am also aware that there are levels of socialism in different countries like France Norway Canada. I am more familiar with France and Canada, and neither one of those economies is served by their own system. Neither one is a world producer or leader as they would be under a more capitalist system. I recommend Ludwig von Mises book Socialism. It should clear stuff up for you
mikeiswylde 2 years ago 3
That's interesting because Canada is doing so much better than the US. Their banks just surpassed ours, rating wise. Norway has one of the highest standard of living ratings in the world. What r u talking about?
itrainsinoctober 2 years ago
What pure capitalism in the states? What you see is corporatism.
narutofan1108 2 years ago 3
The wealth gap hasn't been increasing because of capitalism. its been increasing because of socialism. There's thousands of regulations and taxes in this country and others. Socialism is what has never lasted- capitalism in essence(not mercantalism which is probably what you are arguing against) is just voluntary transactions between individuals. Socialism implies violence.
Bowser2398 2 years ago 3
Socialism implies ownership, not violence. Damn they brainwashed you good. Let me guess, American public schools???
itrainsinoctober 2 years ago
The fact that they are "public" schools implies that they are not based on the free-market. no capitalism implies ownership and private property. Socialism is defined as a central authority owning the means of producion. Unless you are referring to anarcho-socialism. In which case- Anarcho-capitalism is much superior
Bowser2398 2 years ago 4
Austrian economics does discuss it- and it debunks it quite quickly. As automation increases- there won't be less jobs to go around. There will sill be jobs to repair the automation- and the LESS people have to work the BETTER. an economy isn't good because there's jobs- no one wants to work. An economy is good when people don't have to work as hard and can spend more of their time on leisure. This is an old luddite fear. You are thinking of economics as a zero-sum game. It is not.
Bowser2398 2 years ago 2
Valid point. The internet has damn near destroyed American shopping malls which is kind of ironic considering shopping malls destroyed main street businesses when they emerged in the late 1960s-early 1970s.
Melville10 2 years ago
malls have gone down because there were too many of them, caused by all the borrowing and spending. i dont think malls were being hurt that much by the internet though.
michaelpshipley1 2 years ago
The internet was part of the reason I should say. Big Box stores (e.g. Wal-Mart) and movie theaters expanding beyond two screens also contributed as well. There are too many of them and a lot of them tanked because, besides the aforementioned, they weren't on major roadways.
Melville10 2 years ago
ive have heard downloading mp3s is having an effect on record stores.
michaelpshipley1 2 years ago
michaelpshipley1 sock puppet
TheOrderOutOfChaos 2 years ago
TheOrderOutOfChaos,
shhh! B-)
michaelpshipley1 2 years ago
Re: Technological Unemployment: I am a controls engineer. I produce the robots and automation that replaces union jobs. What you are talking about is a myth, and a particularly dim-witted one at that. First, there will never be a lack of need for entrepreneurs. Ever. Second, it will be a LONG time (if ever) that AI can replace human invention, creativity, innovation, etc. Finally, automating as much as possible merely frees people up for other jobs, such as programming, design, writing, art, etc
Jaycephus01 2 years ago
Jaycephus: I didn't say everything would be automated jackass. Of course humans will be needed for invention, innovation, etc. That DOES NOT solve the problem of Technological Unemployment. It WILL happen, it's only a matter of time. Socialism is inevitable. Read "The Ragged Trousered Philanthropists."
itrainsinoctober 2 years ago
We have faith in you Peter. The nay sayers are just trying to find carrion to feed off of. Good luck with the money bomb tonight.
bbburton 2 years ago
Any dumb wit trying to make a name for them selves by criticizing peter is also making a lot of enemies as well!
fox20012 2 years ago
Thanks for your insight Peter!
edpguy 2 years ago
Schiff said gold would be over $2000 by the end of 2009 - maybe over $5000. I said at the time that this was nonsense.
It's now around $1000 so I look for the sellers to come out of the woodwork - I see no way it'll hit $2000, much less $5000.
I invested in DOW stocks when the DOW was around 6500 & made out better than any gold trader (except the gold dealers).
DillonX 2 years ago
max keiser said that, not schiff. schiff said it COULD go to $2000, not would.
gold isnt an INVESTMENT, its a HEDGE against inflation. schiff INVESTS in stocks, foreign stocks. schiff says that, after adjusting for exchange rate, his stocks to date have done better than u.s. stocks.
why even take the risk in investing in u.s. stocks? the whole world is worried about the possible collapse of the dollar. at any time your stocks could become highly devalued if not worthless.
michaelpshipley1 2 years ago
DillonX,
What is your time frame?
I believe gold will hit $2,000 easily and $5,000 is also very likely - in my lifetime (about 40 years hopefully). In these terms, would you agree?
ryanskapa 2 years ago
ryan --
yes, the time frame is most important.
I can say I bought my house for $50K and sold for $100K but we don't know how good an investment that was unless we know how long it was held.
same thing w/ gold
DillonX 2 years ago
@michaelpshipley1
Lol thats why im still stuck here, w/out ezy bribery i would've shifted my a55 to australia
bauketek777 2 years ago
Heh. In 2002 I was telling people to get out from under their big mortgages, downsize, and to stop flipping houses. I told them the housing bubble only had another one to three years before it popped. The last year that anyone really made any money in real estate was in 2005. (Especially when inflation is factored in.) In 2002, almost everyone said I was nuts. The general trends were there for anyone to see. It was never a matter of outcomes, just a matter of timing and details.
wrb1957 2 years ago
listened to you a lot peter, always with great interest.
Now when you are turning to kid tacticts, dis guy said dis dat guy said that.
Dont go down dat road, stay as you are telling the truth, and if you have critics, u dont need to defend yourself on here, we can all laugh at them later when all you said turns true.
wowholypriest 2 years ago
Gold is hitting nearly 1007 $/oz and the dollar is losing against all currencies that I'm watching. It's scary.
koki4o 2 years ago 4
it's also FUN...if you have gold!
sabrinacle 2 years ago
@TheOrderOutOfChaos: What's up with this God talk? I've followed Schiff for a while and he never comes out like that. If I were him and people were taking hits on my credibility I would call them out as well. Keeping your good name is different then expecting everyone to treat you as a god. Look to Obama for that. And Mr. Norman, stop using all these different names to try and defame Peter.
personaldefensecoach 2 years ago 3
This comment has received too many negative votes show
I seen you on Fox News , that does not give you credibility and you are anal about anyone who disagrees with you , i noticed a pattern of ghost accounts that seem to always show up and leave a childish comment to anyone that does not say hi god how may we serve you , besides u don,t care about poor people at all , your a economic hit man
TheOrderOutOfChaos 2 years ago
TheOrderOutOfChaos,
he's on cnbc and other channels too. just because he's on a particular channel doesnt mean he endorses it.
wild accusations of sockpuppetry will get you know where unless you can prove it.
the free market, which schiff endorses, does more for poor people than all the government programs combined. how is that not caring? if he didnt care about people he'd be working for GS making billions at the expense of the poor taxpayer. your way out of line.
michaelpshipley1 2 years ago 3
Great job - imo - Peter.
Have a great day.
McRocket 2 years ago
How does one invest in commodities, Oil?
GooseHinson 2 years ago
I watched them Peter. You were right on the money. All you have to do is look at a monthly of the Dollar.
joescarafone 2 years ago
I like China too.
Pnkbong 2 years ago
Also, those who follow Peter know he doesn't "have" to defend his record but an attack on your reputation and livihood should not go unacknowledged and corrected. Peter just recycles the negative energy into positive.
kuul123 2 years ago 9
I think Peter appropriately uses the attacks like a good martial artist would- use the opponents energy to further your own beliefs and promote really important facts I wasn't aware of and solid artful economic analysis. Its a great strategy to accomplish multiple goals almost effortlessly. The analysis he describes REALLY inspired me to acquire more understanding.
kuul123 2 years ago 6
As usual im a regular follower of schiff vblog from indonesia (I know how rotten it is so spare the comments) and I support schiff wholeheartedly..
Whenever I feel bored and need a good rofl, I would watch mikedoggy's video. His stupidity could actually be entertaining once in a while :)
bauketek777 2 years ago 3
indo isnt so bad. i live there too. its actually more free than america in some ways. you can get by most regulations through bribery. in america you cant.
michaelpshipley1 2 years ago
Peter, what is the worth in 2002 dollars based on inflation and the fall of the dollar.
Exactly, the dow is at 4K now in 2002 dollars.
I was so poor as a kid, I picked up dogshit for a living. I managed my own 3 million until the market crashed, now broke.
And more importantly, with all the REGULATION on everything, which guys like the fellow your referring to, are probably are okay with, I'll never be able to recover. The paper costs are way too much to operate. Sweat-Blood, =0 factor
joescarafone 2 years ago 3
peter schiff was right.
Peter Schiff is right!
nolan067 2 years ago
I wish I had bought gold when it was $300/oz...too bad I was in school back then.
mechanicalengineer3 2 years ago
I can't stand these petty schiff critics.
return135 2 years ago 3
Peter,
I am a big fan of yours and your points are always spot on. Can you give us an update on your Senate run?
Thanks
Dan
FreedomForYouAndMe 2 years ago
to all who say peter shouldnt defend himself, remember it was the video, "peter schiff was right" that catapulted him into the spotlight. being right is important!
misrepresentation by other economists, both large and small, need to be countered immediately and thoroughly. it will also make future critics think twice before misrepresenting his record, they know they wil get called on it.
michaelpshipley1 2 years ago 2
Here's a snippet of what the alleged critic stated on max keiser's vlog:
Finally, schiff is a wimp.
CNN asked me if I would debate Schiff. I said "sure but Schiff will not debate me".
CNN said "Schiff said he will debate anyone"
So I said "Set it up then"
Schiff backed out.
I would crucify Schiff in a debate and he knows it.
Oddly enough I still support him for Senate. His investment thesis and risk management suck, but he has the right ideas on government and deficit spending.
ArnoldWhorshack 2 years ago
if schiff saw a critic as a credible threat he might choose to debate him or her. he's debated many people in the past. he destroyed them all. maybe not immediately, but later when the schiff hit the fan.
but these bloggers are not major threats, they are major fails that can be easily dealt with via a simple vlog rebuttal. afterward he can sit back, relax, drink a nice refreshing beverage, and light up a cigar with a $100,000,000,000,000 obamadollar bill. ;-)
michaelpshipley1 2 years ago 2
Peter youre the man! Don't worry about the criticism. The fact that you are a target means that you are having an impact.
Perceiving 2 years ago
As you said, you explained exactly what the problems are and how they are going to unfold. I am amazed at your foresight and confidence. I hope you every success as its going to be hard trying to get thru to the 90% of politicians who cant see the problem and get the solution wrong.
turbotrana 2 years ago
Peter, you're working for your clients, not for your critics.
FinancialTraffic 2 years ago 5
Peter
I am a client and a contributor to your campaign. With all due respect to your dad, do not follow his path. You cannot respond to every blogger who is critical of you. It will drive you insane. Not only that, you will lose the election. Keep focused on the mission, which is to get America on the correct track. We truly need leaders as yourself to do this.
krob57 2 years ago 7