this guy pedals what you want to hear.... look at who he belongs to... he's from the same line of Schiff's that partnered with the Rothschilds... his family goes way back.... his brother is married to Al Gore's daughter... he belongs to the established elite....the same European Bankers that brought us the Federal Reserve which destroyed our dollar and enslaved all generations with a mountain of debt that will never be paid
Did Erin just say that "gold has no inherit value?" God what a stupid bitch. Gold has been used as money for as long as there has been people on the earth. Well over 6,000 years gold has been used as money
do your homework people peter schiff is part of the international bankers his grandpa help found the federal piece of sh*t reserve he is working for the rothschild family do some research and dont believe that he is some grass roots messiah of economics.
Funny isn't it. The Dow drops 300 points and the media spearheads a stampede into fear.
The Dow is at 10,300 - and everybody is grandstanding calling for Obama's head. The next leg down will send the Democrats home for keeps. Once in power, the Republicans will preside over the bottom years of the crash and be headed to the pasture themselves. At that point this country will begin to rebound and lead the world out of the abyss.
so morons refused to except there was a collapse coming ?morons denied when the collapse was taking place before our very eyes that it was happening,now the same morons are claiming we are coming out of the collapse that was'nt going to happen and not happening ! but parrots are not expected to think just repeat ?
that woman is either mentally retarded or a paid liar....either way she should be fired. Then again 95% of these talking heads are just what I described above so I suppose she fits perfectly.
wft gold has no value!?!? i wonder what that bimbo charges for executive head...i mean come on it seems like that fat ass caught the stupid STD from her...then that means its spreading through CNBC...now were gonna have a bunch of dumb ass ignorant reporters who dont know what the hell theyre talking about...
Point of fact... I must be surrounding myself with the most informed, most intelligent people out there, because my friends and family are awake to the scam. When I hear folks claim that the majority of the public is dumb or misinformed, I must take issue. The people I speak with seem to know what time it is. May I suggest that the folks that appear ignorant either are simply louder than everyone else or know better and are trying to hide it.
just DONT run out and buy gold people!! we have an agenda to forward!!
what a thick woman. is this what happens when we replace journalists with pretty faces... and obama is the whitehouses face for the media now. like some sort of whitehouse correspondent!!
Wait and see what Obamunism does to this country. The sheep in this country voted in a guy with zero-resume on ANY accomplishment. All he brings is a hyper-socialist agenda, which is the down fall of the very system that made the US a superpower. The majority are idiots and we'll all pay for it.
That anchor woman is one stupid bitch, holy shit, and the majority of Americans think the exact same way.
They can't get past partisanship long enough to clean the shit out of their ears, they kept taking this as an attack on Obama and the (D) when it was an indictment of out of control gov't.
Our country is absolutely doomed unless something drastic is done.
he's provocative if nothing else lol.. thats so fucking classic. that old know nothing fatass givin little peter a pat on the head before sending him on his way lol... what a joke these financial shows are alot like jerry springer or a car accident you just have to watch a lil bit.
1% of people voted for Ron Paul. This means that 99% of America is a bunch of DUMB FUCKS! Democracy has never worked, return it back into "The Republic!"
oh...my...god...Did I just hear this dumb bitch of a news anchor say what I think she said? "Gold has no inherent value, it only has percieved value?" Send this bitch home, she does not have the right to be spewing her garbage opinions on prime time.
Fiat currencies carry no value, it is essentially paper backed by absolutely nothing. Fiat currencies only work as long as the perception of value remains and frankly its deteriorating at an exponential rate thanks to helicopter bernanke.
Schiff sounds sweet on the ears. This is an operation gladio like ploy to leave one of their corrupt inside our ranks to further the _ew world order agenda set by Mayer Amschel Rothschild in 1776. Schiff's great grand daddy Jacob, was raised in a Rothschild estate, later sent to America as another front for the Rothschild's with his Kuhn, Loeb bank and their Jekyll Island 1913 FED set up. Capitalist Jacob Schiff financed bolshevik (aka communist) V.Lenin (Jew) whom killed 30+ million Christians.
Peter speaks the truth. If you want the latest Peter Schiff videos, articles, and his podcast, check out Peter-Schiff . com. It's all on the front page.
You cant eat gold. ON the other hand, you can, and many people do now, turn oil into food. (via artificial fertilizers) Food, water and land to get them on are the only things with intrinsic value, because they are the only things humans really need (exept air, but anyone can have that pretty much anywhere).
I think the lady is on to something, gold is also a representative value. It's a useful resource in the computer industry, but other than that I don't think it has any uses, only as decoration. So the practical value of gold is disputable.
Peter presents the problem and consequences so clearly, yet the pundits can't see the wood from the trees! Too many years of listening to the wrong "experts" it must be. As I observe this disaster unfold from Europe, I have little optimism for the faith of a once great nation. Those charlatans of former governments, mismanaged the country, blindly pursuing the same loose policies, like a failed Wall Street Bank. Now, this is their legacy.
Peter Schiff is Great! Read both of his Books and also Read... 1. The Collapse of the Dollar by James Turk (and) 2. Guide to Investing In Gold and Silver by Michael Maloney
This heifer gave me the best laugh of the day! I love her complete idiocy regarding how government works, how the dollar works. Schiff is the one who has been right on so many levels, but these people think because they can read a TelePrompter they are genuises. We'd all better hope Obama said all those things while campaigning just to get elected, and that he doesn't mean any of them.
It should be obivous ttat all CNBC reporters are told what they can and cannot say. For Gods sake they are owned by GE!!!, which by the way they are bankrupt even with the Illumanist Warren Buffets 10 billion loan at 10% for him. Wake up America were BROKE. Get yourself armed, get storeable food,water filters and buy something that does have value,GOLD and SILVER or I'll see you in the bread line. Double J
Hey Phil, do you think you will create credibility by riding the coatails of Schiff? Get a clue man. Schiff is a major media whore and self-promoting clown. If you really want to know what is going on and what to expect in this depression, get a copy of Mike Stathis' "America's Financial Apocalypse." Get the 2006 original edition. Stathis knows much more than Schiff and he isn't trying to sell you anything - i.e. no agendas.
Did I REALLY hear what I think I heard? Did that bimbo really say "what about an autocracy, that works some places around the world"? How stupid is this woman? How did she get this job? Probably by giving someone else a "...job". And for the money shot she actually says gold has no value but oil does. OMG how does this woman garner up enough brain power to get out of bed in the morning? This is unmistakable proof that MSM is nothing but pure socialist propaganda filth!
these people are paid liars, charlatans and crook enablers. They put Schiff on to feed their viewers some tidbits on investment strategy, because that's something none of their own monkeys has a clue about, but they have to rebuke him on EVERYTHING else he says because it's very bad for business to say the dollar is doomed, which is basically the truth.
Peter Schiff, thus far, has been dead on accurate yet everytime he get's on the filtered bullshit corporate media shows, they act like he's insane. If this doesn't point out the absolute power of mind control, then my worst fears ARE true. What might that fear be you ask? That we live in a nation/world of complete idiot/sheep/consumers. Enjoy your Blackberry's and Big Macs everyone!
Let me guess, you voted for Bush and you think The Federal Reserve is an actual Federal entity? I'm not doubting the gloom and doom Schiff is predicting here mind you, I just differ in regards to it's causes.
Taxing the rich IS an issue. It causes massive brain-drain. If you proportionately tax the wealthy they will leave the country. Many of them already have.
The problem with that is they are the only ones with good and sensible ideas. There's only so many real chiefs for a wide majority of Indians...
I think for a disastrous amount of time we've had significant brain drain. Maybe 30 years.
There's a massive brain because the republicans have controlled most of this country for the better part of those 30 years and they consistently cut funding for education. They wanted a pliable, un-educated populace and thats exactly what they got.
There is ZERO correlation between wealth and "good ideas" I assure you. The truly wealthy set up tax shelters regardless of what we do. It's taxing the corporations we should be focusing on anyway.
The republicans have significantly drifted from their roots. In their origin they were about keeping things small and believed in the government playing a small role.
Forget education because it doesn't work. A+ students have the idea that they have all the answers and stop their learning. Show me an academic and I'll show you an idiot.
I believe there should be no personal tax, only in corporations however. Do away with this deduction system because I pay $0, every year. I find ways.
I'm a tax accountant and I know a million ways to not pay taxes but that's not the real issue. The real issue here is that we've been cheated out of our heritage. The American dream is dead. All that's left is minimum wage and more work for less pay.
Education is still the answer though. It's not about what A+ students think but rather raising the bar for the whole country. As is it's dreadfully low.
I see yours too and think we both want the same thing in the end. I just think we differ on how to get there. Which is fine as I think/hope this new administration is going to be all about finding ways to do what's right for all of us, as opposed to the past admin's habit of simply doing what benefits the rich regardless of it's impact on the rest of the country.
Do you have a child in public school? My son recently finished high school in Democrat New Jersey where they spend more per child than almost any other state. And let me tell you, he learned nothing; his teachers were mostly undisciplined jokes and only cared about salary and time off. My husband and I are both college graduates, and we will spend the next ten years undoing the harm that the Teacher's Union and their obsession with big money and more teachers did to my son.
No but I went through the school system in NJ and I can tell you it was pure crap. I went on to an Ivy league school thankfully but it was despite their help. One of the main reasons I haven't had kids yet is because I would home school them and I simply don't have the time or resources to do so. I think right now that is the best way to go though.
Are the hosts drunk or something? Seriously they're so interruptive and obnoxious and so blatantly stupid here that they really seem drunk...to say nothing of the fat guy's overall demeanor and how he's just randomly chortling, exclaiming and pantomiming giggly surprise or fear instead of offering actual counterarguments or perspective.
(cuts Peter off)"-BUT GOLD has no inherent actual VALUE RIGHT!? Gold just has...w-whatever value I want to believe it does."
they always have to finish their interview with a dig to try to discredit the truth, they do the same thing when Ron Paul is on. Its sad that the main stream media is what most people base their reality on
A corporatist is someone who throws taxpayers and middle-class Americans under the bus a few hundred billion (that they dont have) at a time to bail out corporate oligopolies in the finanical, automotive, etc industries who paid for their campaigns.
Schiff rabidly opposes that...Bush, Obama, and McCain support it.
"Fascism should more properly be called corporatism because it is the merger of state and corporate power."
As Arnold would say...believe me now or believe me latter. I think the trigger for the dollar collapse will be when Japan and China sell back the bonds. The two countries bought 1/4 of our debt with the sole intent to keep the US dollar stronger than theirs to increase exports to the US. As that business model fails, the two countries will be tempted to pull out to fund restoration of their economy.
OMG what a dum ass!!! She was just peeved at Schiff for not bumming Obama like she does. How can someone so badly educated present a show like this? In fact they were both nit wits, the ol guy presenter will go along with anything she does and just sit on a fence. I cannot beleive she actually said that about gold!! I love it when Schiff says 'no,no,no, you got it backwords, the dollar has not value!' That is very true.
gold is not rare, has very little industrial applications and therefore is not used up; it is used to "preserve wealth" in high inflationary economic cycles
GOLD is the BEST semi conductor for many electronics medical equipment etc, gold is here to stay forever gold has many uses but doesnt as much do to price, its not inflated like diamonds
Great time to own put options on the S&P. Schiff is so right. These CNBC goofs are wrong 99% of the time no everything. Its so hillarious. And that broad has got to be the biggest dope. She knows nothing.
The Truth hurts and thats why nobody wants to listen! I love these 2 uneducated goofs interviewing him. they don't have a clue about anything Peter is talking about, so most of the time they just sit there and mock it and laugh. Yeah, its real funny that you two, along with a good majority of Americans are uninformed and uneducated about whats really going on with our economy and the real solutions to the problem. Keep on being a sheep, it's exactly what they want you to do.
Peter isn't confident WHEN the dollar will begin losing value (i.e. inflation). He knew the destruction of wealth would momentarily cause a stronger US dollar, but I don't think he knows if it will be a few months or five years.
I can't believe how stupid that lady is when she say gold has no value....to be honest, a girl that stupid but thinks she's clever really turns me on.
She's like any other "Progressive" or "Democratic Socialist" who comprise our current media. For some reason they think they are smart and constantly pat themselves on the back for being so smart, when in fact they have yet to master the concept of logic. The Commies probably thought they were smart too until their country imploded.
Apart from economics ideas or the show, this kind of girl really make me wanna have sex with her. I kinda think Sadism suits her very perfectly.
Seriously, watching stupid hosts all day really make it hard not to think about something sexual. I mean, would you prefer getting angry with them, or having some imagination fun out of them? For at least most of these women/lady/girls on TV shows has some level of beauty.
I support Ron Paul. Obama is already a disaster for this country, except for gun manufacturers. Check out guns sales in this country in the last 2 weeks. Buy food, guns and ammo. This government will not help you when the end comes.
"The problem is the voters." "All the bailouts are making the underlying problem work." Holy smokes, there is some proactive thinking on TV. Critical thinking occurs for all of the 10 mins a week Peter we see Peter.
You got to respect this guy's patience. Every interview he does, he does so with calm and reason. If I was him, I'd have given up talking to these moronic presenters a long, long time ago.
That host is correct. Schiff is right, but it will never be voted for by the majority of voters. It's not popular politically. Too bad. It never will be. Fate is sealed shut.
This comment has received too many negative votesshow
They did a good job for once though, I mean peter schiff makes ron paul look like karl marx so his realism strays constantly and they sort of put him in check, you can tell that at the end. I think schiff also tries to profit from fear as well, he does believe the stuff he says but I think he exploits and exagerates it.
Peter was Ron Paul's economic adviser. If anybody looks like Marx it is Barrack Obama. As for profiting from fear, he didn't name his first book "Crash Proof: How to Profit from the Coming Economic Collapse" for nothing. If you think he is exaggerating things, your in for a rude awakening brother. His last prediction yet to come to fruition is the collapse of the bond market, so that is something you should definitely keep your eye on. If we don't see bond prices collapse, we get hyperinflation.
We NEED to go back to gold. Right now they have made it is illegal for someone to make gold coins. Not because gold will blow up. Not because you can kill someone with it. But because THEIR system is counterfeit and they need to prevent honest people from using honest money. Gold would prevent them from looting us again with a $700 billion "bailout". They could no longer just go to their printing machines and rip us off without the public even realizing it.
The female interviewer contually tried to smother his agruement..The media is probarly a bigger problem to legitimate debate than self sevring politicians.(Except Ron Paul)The problem is not the voters...its the media...deliberately ignoring people like RP. Maybe RP could come to the UK.
"gold has no value" this lady is retard. Gold has value because it has limited access, it doesn't decay plus for centuries it has been used as standard for transaction and all the major currencies is supposed to be backed by gold. Dollar has no value because uncle sam has a big printing press and he can print as much as he like.
Actually she is right, to all you bumbling idiots. Gold is only as valuable as humans believe. It's nothing more than a precious metal. You can't LIVE off gold if 99.9% of individuals refuse to use it as a medium for exchange. What she meant is that, food, for instance, does have that value because obtaining it, and consuming, produces some sort of well-being. Gold, sitting idle in a safe when no one wants it, produces no betterment of a situation. She's being very literal and fundamental.
Actually he is right, to all you bumbling idiots. Paper money is only as valuable as humans believe. It's nothing more than pieces of paper. You can't LIVE off paper that loses its value as a means of transaction over time.
I find both of your comments to be fairly simpleminded. The value of these superficial materials are dependent upon the existence of a viable market. Can the U.S. market crash with the dollar losing all purchasing power? Yes. Can gold be considered a worthless metal aside from it's pragmatic usages in technology? Yes. Food, however, has intrinsic value because if you can read: it sustains life. In a theoretical context, it has *true* inherent value, just like water.
That doesn't make food qualitatively different from gold. It just means that the demand for food is presumably much less likely to disappear than the demand for gold. Gold and food have an "intrinsic" value because there's a demand for them as consumer goods. OTOH, a banknote is valuable because you can buy consumer goods like gold (for jewelery and other uses) and food with it. Once you can't do that, banknotes are worthless.
stop being stupid njcarlos. I'll take my gold to any country and get "real" value in exchange for it, try doing that with the dollar down the line when it's worthless.
I'm not being stupid, I'm just interjecting in the conversation because they were bashing the host for speaking in fundamentals. If she wasn't I could see some warrant to the outcry but really her words were correct as stated.
And she's also being an economic moron. If gold doesn't have value because you can't eat it like food then food should be the most expensive thing on the planet. Nothing is more important than water/food. Even a piece of aluminum which has more uses than gold should be dirt cheap compared to food. All you can do with aluminum is build a bridge... how many people can you feed with a bridge?
exactly man, how did this bitch get a job on cnbc. Gold has no inherent value? What a stupid comment. So why do the major gov'ts of the world hoard vast amounts of gold? It's people like this that confuse the masses and miseducte them on what real economics is.
I wouldn't kick her out of bed....but "Gold has no intrinsic value?" WTF!?! She surely must have meant diamonds...price controls compliments of the DeBeers. The anchors on TV truly are ignorant or can lie with a smile. I just read they're kicking the idea of taking our 401Ks and putting them into a government account. R U getting a little disgusted of how they talk to us like 6 year olds? Dear NWO..."Stop pissing on my leg and telling me its raining" Welcome US Citizens to our Obamanation!
Gold is as, intrinsically, as valuable as a precious stone, or any other precious metal. It's the value mankind *places in* those materials that gives it value. Learn what intrinsic means.
In numismatics, intrinsic value is the value of the metal, typically a precious metal, in a coin. When the intrinsic value becomes greater than the face value, the coins are in danger of being removed from circulation in large numbers (an expression of Gresham's law). When copper prices skyrocketed in the mid-to-late 1970s, there was a fear that the U.S. one-cent piece might succumb to this fate. In fact, this did happen, leading the Mint to change the composition of the cent in 1982.
Gold is ABSOLUTELY an inherently valuable resource- due to its utility (the most malleable and ductile metal on earth) and its scarcity. Of course "mankind places value" on these things, but that value is largely gauged by their usefulness to mankind- which is not at all imagined or arbitrary...they ARE by nature (inherently) useful and often they ARE harder to get/produce.
obama is going to destroy this great nation with his policies . he is a communist and he has no good ideas on economics
mccain was bad but obama is worse . now we have no checks and balances and obama could push through whatever he wants . we need much smaller government and low taxes and obama will never give us that
i am hoping that obama legalizes drugs and prostitution
Theres really not much point in diffrentiating between Obama and McCain. Its not that "Obama is a communist," its that the whole entrenched power structure (which of course includes the Clintons, Bushes, Obama, and McCain) is corporatist-leaning-socialist and masquerades itself as "capitalist."
If people wanted to vote for "change" then they should have been paying attention during the primaries. Obama vs McCain really represented no "choice" at all.
The chick keeps making dumb comments, topping them all with the stupidest, "gold has no value." Ask any farmer, plumber, or third world African miner whether gold as intrinsic value.
"there is a problem with the voters..." best line of the night, Peter Schiff comes up with the biggest bullshit response. Tyranny of the majority - LMFAO
Conflicting agendas in foreign, domestic, and economic policies will disallow America to recover and restrengthen.The bubble will not come because resource are too tapped out.They need to draw back spending not expand it.There will be no entitlements for anyone if they do not put things in order.Its time to reexamine priorities and budget accordingly.Ron Paul keeps being proved right.
this guy pedals what you want to hear.... look at who he belongs to... he's from the same line of Schiff's that partnered with the Rothschilds... his family goes way back.... his brother is married to Al Gore's daughter... he belongs to the established elite....the same European Bankers that brought us the Federal Reserve which destroyed our dollar and enslaved all generations with a mountain of debt that will never be paid
Towns2011 4 months ago
RIP mark haines. Love Peter's advices
westy44cal 4 months ago
hey this video should be titled "SCHIFF WAS RITE AGAIN"
josephmro 9 months ago
Someone needs to drug test that woman. Shes got to be on something.
joeysixtysix 9 months ago
"Much of what you say has some truth to it"
Peter must be laughing it up inside, when he sits down with these baffoons.
sosdkny 9 months ago
i hate that witch erin burnett, u dont get more retarded than erin burnett and trish regan.
stealthpakfa 11 months ago
Did Erin just say that "gold has no inherit value?" God what a stupid bitch. Gold has been used as money for as long as there has been people on the earth. Well over 6,000 years gold has been used as money
fasteddie847 1 year ago
Join Peter Boss..
faviershoo 1 year ago
Lol Gold is $1255!
bonfirejovi 1 year ago
@bonfirejovi 1850.00 now!!. Erin is gone and Mark, who I liked because he was a straight shooter, has pasted.
westy44cal 4 months ago
Ya it will never fly politically which is why the US is headed for a decade of pain.
bonfirejovi 1 year ago
Erin Burnett is the dumbest person working at CNBC and that's saying a lot with Jim Cramer working there.
rmccay88 1 year ago
When this segment aired, gold was $730 an ounce.
Don't you wish that you had listened to Peter then?
LeedansParis 1 year ago
It is not democracy , "Democracy" term is used by scum bags in USA goverment ,
You are telling me there is democracy in USA
300.000.000 people with 2 party system WHERE is that democracy , ONLY in USA .
aviomaster 1 year ago
those guys are pathetic
gold will always have a high value
bobby4500 1 year ago
8,000 dollar tax credit, cash for clunkers, 1-2 trillion dollar deficits... wow peter schiff is psychic!
amboyo551 1 year ago
do your homework people peter schiff is part of the international bankers his grandpa help found the federal piece of sh*t reserve he is working for the rothschild family do some research and dont believe that he is some grass roots messiah of economics.
flex24gu 1 year ago
Funny isn't it. The Dow drops 300 points and the media spearheads a stampede into fear.
The Dow is at 10,300 - and everybody is grandstanding calling for Obama's head. The next leg down will send the Democrats home for keeps. Once in power, the Republicans will preside over the bottom years of the crash and be headed to the pasture themselves. At that point this country will begin to rebound and lead the world out of the abyss.
Remember - vote out all incumbants next November.
TYX91101 2 years ago
This has been flagged as spam show
so morons refused to except there was a collapse coming ?morons denied when the collapse was taking place before our very eyes that it was happening,now the same morons are claiming we are coming out of the collapse that was'nt going to happen and not happening ! but parrots are not expected to think just repeat ?
spectre1929 2 years ago
Peter has been right for years. These other two have been idiots for their whole lives.
southparkgdp 2 years ago
I love this guy,he's provocative if anything, Mark James has it right.He is making sense all the time,
isthatfunny 2 years ago
mark haines is the typical braindead fat arse that still has a 20th century mentality. the guy is clueless about economics.
stealthpakfa 2 years ago
erin burnett is a dumb fucking bitch.
the woman has no clue about ecoomics!
stealthpakfa 2 years ago
Man if everyone listened to Peter they just might be richer
electricneedleroom 2 years ago 4
LOL Gold has no inherent value... this chick should be on the Comedy Channel instead of CNBC.
iamsilverback 2 years ago 15
Haven't you heard, Comedy Central is the new economic network and CNBC provides the comedy :)
Visfen 2 years ago 4
lol unbelievable
Seano71 2 years ago
how can she say gold has no value?? does she even know what is gold?
philippe1985 2 years ago 4
hehe. obviously not
00587649 2 years ago 2
It is amazing that those two hosts are paid to talk about economics, yet do not believe gold has any real value.
jimmyjoe1975 2 years ago 4
Would it be fair to describe this show as the propaganda arm of Wall St.?
sifjure 2 years ago 2
This has been flagged as spam show
watch?v=AHgxIioiff0 - Peter Schiff is JEW!
dimaniak 2 years ago
Talk about foresight. This guy is right on. Obama is a complete disaster!
Nostams 2 years ago 6
better keep the fingers crossed that ron paul will get elected in 2012, cause if not its all over
andron333 2 years ago 5
Peter was right, as always! I love Peter :)
StefanJohanssonX 2 years ago 4
in time of universal deceit telling the truth with be "provacative" act.
panterastang 2 years ago 2
that woman is either mentally retarded or a paid liar....either way she should be fired. Then again 95% of these talking heads are just what I described above so I suppose she fits perfectly.
panterastang 2 years ago 4
wft gold has no value!?!? i wonder what that bimbo charges for executive head...i mean come on it seems like that fat ass caught the stupid STD from her...then that means its spreading through CNBC...now were gonna have a bunch of dumb ass ignorant reporters who dont know what the hell theyre talking about...
technodancer124 2 years ago 3
That Burnett chick sure is an airhead. It's obvious that she didn't get her job on CNBC because of her knowledge of economics and finance.
scottvanska 2 years ago 3
Burnett is a cock gobbling hooker!
Jerrybowyer 2 years ago 3
gold and silver: the only real money.
stbarks 2 years ago 3
Point of fact... I must be surrounding myself with the most informed, most intelligent people out there, because my friends and family are awake to the scam. When I hear folks claim that the majority of the public is dumb or misinformed, I must take issue. The people I speak with seem to know what time it is. May I suggest that the folks that appear ignorant either are simply louder than everyone else or know better and are trying to hide it.
sevendeviations 2 years ago 2
gold has no inherent value!!!!!!!
just DONT run out and buy gold people!! we have an agenda to forward!!
what a thick woman. is this what happens when we replace journalists with pretty faces... and obama is the whitehouses face for the media now. like some sort of whitehouse correspondent!!
IYANDIY 2 years ago 3
Could that fat, ignorant, pompous ,sqawking host and his bimbo co-host be anymore incorrect in their assesment?
I don't think so.
z8it 2 years ago 3
Those commentators are absolute fools.
theindependentreview 2 years ago 3
Obama is Bush In Black the Obamanoids are in for a shock and i hate them for not being informed
They wanted free stuff over Freedom they wanted
liberalism over Liberty they wanted Fascism over independents
WarDogLRS 2 years ago
Wait and see what Obamunism does to this country. The sheep in this country voted in a guy with zero-resume on ANY accomplishment. All he brings is a hyper-socialist agenda, which is the down fall of the very system that made the US a superpower. The majority are idiots and we'll all pay for it.
5POINT56 3 years ago 5
That anchor woman is one stupid bitch, holy shit, and the majority of Americans think the exact same way.
They can't get past partisanship long enough to clean the shit out of their ears, they kept taking this as an attack on Obama and the (D) when it was an indictment of out of control gov't.
Our country is absolutely doomed unless something drastic is done.
PanzerMK7 3 years ago 6
you have been dumbed down to sacricie your life, and prosperity to fight the enemies of Israel.
tdot22 2 years ago
Israel........
oookaaaaay
PanzerMK7 2 years ago
capitalism works,... we just need the government keeping it's dickbeaters out of it, as well as pretty much everything else out there
xl1200 3 years ago
gold has no value, and cnbc hired this dumb woman as an anchor...CNBC sucks!, I agree with Peter with what he is saying...
ednan9 3 years ago
i'm down with the no monetary system and no politicians movement. Let's just share fruit and have a god damn orgy
shitassedshitmaster 3 years ago
he's provocative if nothing else lol.. thats so fucking classic. that old know nothing fatass givin little peter a pat on the head before sending him on his way lol... what a joke these financial shows are alot like jerry springer or a car accident you just have to watch a lil bit.
seamlesscv1 3 years ago
how some people get the jobs they get is beyond me.
inflation is coming... look busy.
tickhound 3 years ago
1% of people voted for Ron Paul. This means that 99% of America is a bunch of DUMB FUCKS! Democracy has never worked, return it back into "The Republic!"
jehnubis 3 years ago 11
Socialism NOW! Socialism FOREVER!
Pnkbong 3 years ago
No money for it...hahahahaahaha!
fnfal308 3 years ago
outdated incompatible economic theorists. he's right if you buy into that dogma.
and speaking on gold, shes right. any money and any person only has as much power as it's given. resource economy, real value.
moho456 3 years ago
Well I don't have any money either way, so I guess people are going to end up broke like me ass.
I'll teach people how to eat from the grabage cans when they're ready.
JurkoffJay 3 years ago
oh...my...god...Did I just hear this dumb bitch of a news anchor say what I think she said? "Gold has no inherent value, it only has percieved value?" Send this bitch home, she does not have the right to be spewing her garbage opinions on prime time.
Fiat currencies carry no value, it is essentially paper backed by absolutely nothing. Fiat currencies only work as long as the perception of value remains and frankly its deteriorating at an exponential rate thanks to helicopter bernanke.
FongoBongo 3 years ago 3
Schiff sounds sweet on the ears. This is an operation gladio like ploy to leave one of their corrupt inside our ranks to further the _ew world order agenda set by Mayer Amschel Rothschild in 1776. Schiff's great grand daddy Jacob, was raised in a Rothschild estate, later sent to America as another front for the Rothschild's with his Kuhn, Loeb bank and their Jekyll Island 1913 FED set up. Capitalist Jacob Schiff financed bolshevik (aka communist) V.Lenin (Jew) whom killed 30+ million Christians.
gaycure 3 years ago
This has been flagged as spam show
Peter speaks the truth. If you want the latest Peter Schiff videos, articles, and his podcast, check out Peter-Schiff . com. It's all on the front page.
ggadguy 3 years ago
Yeah disagree with him, you idiot. I can't believe she got the gold vs. money wrong?
dchoker000 3 years ago
You cant eat gold. ON the other hand, you can, and many people do now, turn oil into food. (via artificial fertilizers) Food, water and land to get them on are the only things with intrinsic value, because they are the only things humans really need (exept air, but anyone can have that pretty much anywhere).
sacredthornapple 3 years ago
I think the lady is on to something, gold is also a representative value. It's a useful resource in the computer industry, but other than that I don't think it has any uses, only as decoration. So the practical value of gold is disputable.
MANofINACTION 3 years ago
Are you crazy? For 6000 years, gold has held its value, now you are saying gold has no value? What a joke.
sianghan 3 years ago
erin burnett doesn't know shit. just keep reading the cue cards erin. go get another manicure
jpfchi 3 years ago 4
Peter presents the problem and consequences so clearly, yet the pundits can't see the wood from the trees! Too many years of listening to the wrong "experts" it must be. As I observe this disaster unfold from Europe, I have little optimism for the faith of a once great nation. Those charlatans of former governments, mismanaged the country, blindly pursuing the same loose policies, like a failed Wall Street Bank. Now, this is their legacy.
pmacaodh 3 years ago
Peter Schiff is Great! Read both of his Books and also Read... 1. The Collapse of the Dollar by James Turk (and) 2. Guide to Investing In Gold and Silver by Michael Maloney
lloyddaroyd 3 years ago
schiff has never been wrong, atleast in the vid's i've seen.
he predicted this recession over 6 years ago
i'm glad he atleast has some voice
"politically unacceptable"
blame the voters?
bullshit, your biased coverage creates the fiasco's
and confusion among voters.
"gold has no inherent value" wow you are one dumb bitch blondy. fuckin dolt...
Gthangorangatang 3 years ago 3
this is hilarious.. and kinda sad.
icybreathboy 3 years ago
Looks like this one was carefully edited by CNBC.
GinsingSullivan 3 years ago 2
This heifer gave me the best laugh of the day! I love her complete idiocy regarding how government works, how the dollar works. Schiff is the one who has been right on so many levels, but these people think because they can read a TelePrompter they are genuises. We'd all better hope Obama said all those things while campaigning just to get elected, and that he doesn't mean any of them.
chifour66 3 years ago 3
OH .... MY .... GOD .... :O
Is that lady for real !?!?!
Gold has no real value ... Oil does ...
HAHAH
i cant contain my laughter ...
ROFLMAO ... hahahhahahha
thank you Madam ... nothing could make my day more :)
axristo75 3 years ago 3
It should be obivous ttat all CNBC reporters are told what they can and cannot say. For Gods sake they are owned by GE!!!, which by the way they are bankrupt even with the Illumanist Warren Buffets 10 billion loan at 10% for him. Wake up America were BROKE. Get yourself armed, get storeable food,water filters and buy something that does have value,GOLD and SILVER or I'll see you in the bread line. Double J
theherd74 3 years ago 2
see ya there soon ;)
Gthangorangatang 3 years ago
Schiff: gold has value
dumbass host: hahaha
redritehand 3 years ago 3
Hey Phil, do you think you will create credibility by riding the coatails of Schiff? Get a clue man. Schiff is a major media whore and self-promoting clown. If you really want to know what is going on and what to expect in this depression, get a copy of Mike Stathis' "America's Financial Apocalypse." Get the 2006 original edition. Stathis knows much more than Schiff and he isn't trying to sell you anything - i.e. no agendas.
ispeakthetruth2008 3 years ago
what agenda would that be?
redritehand 3 years ago
constitutional republic!
constitutional republic!
constitutional republic!
constitutional republic!
constitutional republic!
constitutional republic!
constitutional republic!
constitutional republic!
Amen! Right On! You Go Peter!
orryismyaussie 3 years ago 2
Did I REALLY hear what I think I heard? Did that bimbo really say "what about an autocracy, that works some places around the world"? How stupid is this woman? How did she get this job? Probably by giving someone else a "...job". And for the money shot she actually says gold has no value but oil does. OMG how does this woman garner up enough brain power to get out of bed in the morning? This is unmistakable proof that MSM is nothing but pure socialist propaganda filth!
orryismyaussie 3 years ago 3
It's amazing that Peter Schiff kept his cool listening to that shit. I can't believe how stupid this woman is either.
golbyaka 3 years ago 6
lol.. could not agree more ..
axristo75 3 years ago
Peter Schiff for President!
87176246 3 years ago 2
uhhh....did she actually say that gold has no real value? How do these people get these jobs?
Peter Schiff called it right well over a year ago & they laughed at him. They just don't learn. Guess it's true, you can't teach common sense.
jmp15050 3 years ago
these people are paid liars, charlatans and crook enablers. They put Schiff on to feed their viewers some tidbits on investment strategy, because that's something none of their own monkeys has a clue about, but they have to rebuke him on EVERYTHING else he says because it's very bad for business to say the dollar is doomed, which is basically the truth.
syborius 3 years ago
i can't believe she said gold has no value?
why isn't there just a peter schiff show? these morons have been laughing at him for years, and he's been completely right!
myruin25 3 years ago 2
Yeah, why isn't this guy on television. Clearly, he's the fuker in possession of Sauron's Palantir.
roddiero 3 years ago
Peter Schiff, thus far, has been dead on accurate yet everytime he get's on the filtered bullshit corporate media shows, they act like he's insane. If this doesn't point out the absolute power of mind control, then my worst fears ARE true. What might that fear be you ask? That we live in a nation/world of complete idiot/sheep/consumers. Enjoy your Blackberry's and Big Macs everyone!
BayAreaLen 3 years ago 4
oh gawd ...i just started this video,and i know schiff is smart as fuck...please be good news...
...
oh man...obama worsen the problem to almost a great depression...?...fuck
im buying gold..lol
SpadeBag 3 years ago
If you have money to buy gold, then you're already ahead of the game.
roddiero 3 years ago
And if you have a flat screen TV or other unneeded items you know where the gold you can't afford is.
spikeslawson 3 years ago
Kudos to him for supporting Ron Paul but...
WRONG! The Fed is NOT a government entity.
Rebuilding the middle class IS the answer here. Taxing the rich is a non-issue. He'll be eating his words given enough time.
FuManChu 3 years ago
Were you born this stupid, or did you have to earn it?
CAPTJACKAUBREY69 3 years ago
Let me guess, you voted for Bush and you think The Federal Reserve is an actual Federal entity? I'm not doubting the gloom and doom Schiff is predicting here mind you, I just differ in regards to it's causes.
FuManChu 3 years ago
Taxing the rich IS an issue. It causes massive brain-drain. If you proportionately tax the wealthy they will leave the country. Many of them already have.
The problem with that is they are the only ones with good and sensible ideas. There's only so many real chiefs for a wide majority of Indians...
I think for a disastrous amount of time we've had significant brain drain. Maybe 30 years.
brian12934 3 years ago
There's a massive brain because the republicans have controlled most of this country for the better part of those 30 years and they consistently cut funding for education. They wanted a pliable, un-educated populace and thats exactly what they got.
There is ZERO correlation between wealth and "good ideas" I assure you. The truly wealthy set up tax shelters regardless of what we do. It's taxing the corporations we should be focusing on anyway.
FuManChu 3 years ago
The republicans have significantly drifted from their roots. In their origin they were about keeping things small and believed in the government playing a small role.
Forget education because it doesn't work. A+ students have the idea that they have all the answers and stop their learning. Show me an academic and I'll show you an idiot.
I believe there should be no personal tax, only in corporations however. Do away with this deduction system because I pay $0, every year. I find ways.
brian12934 3 years ago
I'm a tax accountant and I know a million ways to not pay taxes but that's not the real issue. The real issue here is that we've been cheated out of our heritage. The American dream is dead. All that's left is minimum wage and more work for less pay.
Education is still the answer though. It's not about what A+ students think but rather raising the bar for the whole country. As is it's dreadfully low.
FuManChu 3 years ago
I see your view FuManChu.
brian12934 3 years ago
I see yours too and think we both want the same thing in the end. I just think we differ on how to get there. Which is fine as I think/hope this new administration is going to be all about finding ways to do what's right for all of us, as opposed to the past admin's habit of simply doing what benefits the rich regardless of it's impact on the rest of the country.
FuManChu 3 years ago
Dear Fu,
Do you have a child in public school? My son recently finished high school in Democrat New Jersey where they spend more per child than almost any other state. And let me tell you, he learned nothing; his teachers were mostly undisciplined jokes and only cared about salary and time off. My husband and I are both college graduates, and we will spend the next ten years undoing the harm that the Teacher's Union and their obsession with big money and more teachers did to my son.
thelistener13 3 years ago
No but I went through the school system in NJ and I can tell you it was pure crap. I went on to an Ivy league school thankfully but it was despite their help. One of the main reasons I haven't had kids yet is because I would home school them and I simply don't have the time or resources to do so. I think right now that is the best way to go though.
FuManChu 3 years ago
can't she shut up.
do such people get paid based on how much they mumble!
goolden1 3 years ago
I wish the interviewers would shut the hell up and let him talk. He is dead on...
Paripovich 3 years ago 5
That's their job, to dumb down the news and distract people.
TheGnomelyTourist 3 years ago 3
Peter Schiff is casting his pearls before swine here; let those who have ears to hear, hear!
billyguns2 3 years ago 3
Are the hosts drunk or something? Seriously they're so interruptive and obnoxious and so blatantly stupid here that they really seem drunk...to say nothing of the fat guy's overall demeanor and how he's just randomly chortling, exclaiming and pantomiming giggly surprise or fear instead of offering actual counterarguments or perspective.
(cuts Peter off)"-BUT GOLD has no inherent actual VALUE RIGHT!? Gold just has...w-whatever value I want to believe it does."
lol, Are you kidding me?
Gonzo707 3 years ago 3
they always have to finish their interview with a dig to try to discredit the truth, they do the same thing when Ron Paul is on. Its sad that the main stream media is what most people base their reality on
tinslatee 3 years ago 2
This comment has received too many negative votes show
Schiff is a crypto fascist.
spectre007 3 years ago
but you gotta admit that everything this man has said in the past 2 yrs has come to pass. it's like he's a freak'n fortune teller! its scary!!
nadradt 3 years ago 2
No, a corporatist is a crypto-fascist.
A corporatist is someone who throws taxpayers and middle-class Americans under the bus a few hundred billion (that they dont have) at a time to bail out corporate oligopolies in the finanical, automotive, etc industries who paid for their campaigns.
Schiff rabidly opposes that...Bush, Obama, and McCain support it.
"Fascism should more properly be called corporatism because it is the merger of state and corporate power."
- Benito Mussolini
Gonzo707 3 years ago 3
As Arnold would say...believe me now or believe me latter. I think the trigger for the dollar collapse will be when Japan and China sell back the bonds. The two countries bought 1/4 of our debt with the sole intent to keep the US dollar stronger than theirs to increase exports to the US. As that business model fails, the two countries will be tempted to pull out to fund restoration of their economy.
housechores 3 years ago
OMG what a dum ass!!! She was just peeved at Schiff for not bumming Obama like she does. How can someone so badly educated present a show like this? In fact they were both nit wits, the ol guy presenter will go along with anything she does and just sit on a fence. I cannot beleive she actually said that about gold!! I love it when Schiff says 'no,no,no, you got it backwords, the dollar has not value!' That is very true.
sinimini 3 years ago
gold is not rare, has very little industrial applications and therefore is not used up; it is used to "preserve wealth" in high inflationary economic cycles
clev9980 3 years ago
GOLD is the BEST semi conductor for many electronics medical equipment etc, gold is here to stay forever gold has many uses but doesnt as much do to price, its not inflated like diamonds
jadenharrow 3 years ago
Great time to own put options on the S&P. Schiff is so right. These CNBC goofs are wrong 99% of the time no everything. Its so hillarious. And that broad has got to be the biggest dope. She knows nothing.
30percentplusreturns 3 years ago 2
Gold has no value? That has to be the DUMBEST thing I've heard on TV this month, and that is including Africa being a country according to Palin.
yannchambrier 3 years ago
The Truth hurts and thats why nobody wants to listen! I love these 2 uneducated goofs interviewing him. they don't have a clue about anything Peter is talking about, so most of the time they just sit there and mock it and laugh. Yeah, its real funny that you two, along with a good majority of Americans are uninformed and uneducated about whats really going on with our economy and the real solutions to the problem. Keep on being a sheep, it's exactly what they want you to do.
Illinination1977 3 years ago 2
Peter isn't confident WHEN the dollar will begin losing value (i.e. inflation). He knew the destruction of wealth would momentarily cause a stronger US dollar, but I don't think he knows if it will be a few months or five years.
OutlawTomFantastic 3 years ago
I can't believe how stupid that lady is when she say gold has no value....to be honest, a girl that stupid but thinks she's clever really turns me on.
AcidIntheRain 3 years ago
yeah tha khunt is stupid! It is a turn on; wont even know what hit her lol
mezonesxbox 3 years ago
She's like any other "Progressive" or "Democratic Socialist" who comprise our current media. For some reason they think they are smart and constantly pat themselves on the back for being so smart, when in fact they have yet to master the concept of logic. The Commies probably thought they were smart too until their country imploded.
OutlawTomFantastic 3 years ago 2
Apart from economics ideas or the show, this kind of girl really make me wanna have sex with her. I kinda think Sadism suits her very perfectly.
Seriously, watching stupid hosts all day really make it hard not to think about something sexual. I mean, would you prefer getting angry with them, or having some imagination fun out of them? For at least most of these women/lady/girls on TV shows has some level of beauty.
AcidIntheRain 3 years ago
I support Ron Paul. Obama is already a disaster for this country, except for gun manufacturers. Check out guns sales in this country in the last 2 weeks. Buy food, guns and ammo. This government will not help you when the end comes.
StevePalRP 3 years ago 3
Hey where can I check out the guns sales figures?
dcs5150 3 years ago
Google
type in: National gun sales November,2008
Check it out. I'm buying 3 right now. If Americans are armed they will think twice able taking away the 2nd Amendment.
"If the 1st amendment doesn't work, the 2nd one will." Think about it. Peace.
StevePalRP 3 years ago
Holy crap there's gonna be a war ! Got tanks?
dcs5150 3 years ago
"The problem is the voters." "All the bailouts are making the underlying problem work." Holy smokes, there is some proactive thinking on TV. Critical thinking occurs for all of the 10 mins a week Peter we see Peter.
alanhowitzer 3 years ago
You got to respect this guy's patience. Every interview he does, he does so with calm and reason. If I was him, I'd have given up talking to these moronic presenters a long, long time ago.
holomage 3 years ago 4
That host is correct. Schiff is right, but it will never be voted for by the majority of voters. It's not popular politically. Too bad. It never will be. Fate is sealed shut.
BigBoiDroppa 3 years ago
This comment has received too many negative votes show
They did a good job for once though, I mean peter schiff makes ron paul look like karl marx so his realism strays constantly and they sort of put him in check, you can tell that at the end. I think schiff also tries to profit from fear as well, he does believe the stuff he says but I think he exploits and exagerates it.
openyourmind678 3 years ago
Peter was Ron Paul's economic adviser. If anybody looks like Marx it is Barrack Obama. As for profiting from fear, he didn't name his first book "Crash Proof: How to Profit from the Coming Economic Collapse" for nothing. If you think he is exaggerating things, your in for a rude awakening brother. His last prediction yet to come to fruition is the collapse of the bond market, so that is something you should definitely keep your eye on. If we don't see bond prices collapse, we get hyperinflation.
dcs5150 3 years ago 2
the commentators schiff is talking to are absolutely clueless, unbelieveable
lawrencept114 3 years ago 3
We NEED to go back to gold. Right now they have made it is illegal for someone to make gold coins. Not because gold will blow up. Not because you can kill someone with it. But because THEIR system is counterfeit and they need to prevent honest people from using honest money. Gold would prevent them from looting us again with a $700 billion "bailout". They could no longer just go to their printing machines and rip us off without the public even realizing it.
OutlawTomFantastic 3 years ago 4
Resource based system.
AzoreanProud 3 years ago
The female interviewer contually tried to smother his agruement..The media is probarly a bigger problem to legitimate debate than self sevring politicians.(Except Ron Paul)The problem is not the voters...its the media...deliberately ignoring people like RP. Maybe RP could come to the UK.
FUN144 3 years ago
"gold has no value" this lady is retard. Gold has value because it has limited access, it doesn't decay plus for centuries it has been used as standard for transaction and all the major currencies is supposed to be backed by gold. Dollar has no value because uncle sam has a big printing press and he can print as much as he like.
gkalsanka 3 years ago 4
Yep. Gold has as much "real" practical value as any metal like steel, except it is rarer so the value is more concentrated given the weight.
OutlawTomFantastic 3 years ago
Currencices are not backed by gold. Not the dollar, not the pound, not the euro.
jotaeleemeese 3 years ago
I'd like to say to those two CNBC tards if gold isn't worth anything why not give me all your Gold...
Argonaut1337 3 years ago
how stupid is that woman?
wakkabakka 3 years ago
Gold is used for far more then just your precious jewelry. Almost every electronic device contains gold. And it's not because it looks pretty.
Zamorabooth 3 years ago
Actually she is right, to all you bumbling idiots. Gold is only as valuable as humans believe. It's nothing more than a precious metal. You can't LIVE off gold if 99.9% of individuals refuse to use it as a medium for exchange. What she meant is that, food, for instance, does have that value because obtaining it, and consuming, produces some sort of well-being. Gold, sitting idle in a safe when no one wants it, produces no betterment of a situation. She's being very literal and fundamental.
njcarlos1 3 years ago
Actually he is right, to all you bumbling idiots. Paper money is only as valuable as humans believe. It's nothing more than pieces of paper. You can't LIVE off paper that loses its value as a means of transaction over time.
Vlaric 3 years ago
Yes -- fundamentally -- fiat currency is propped up with the same mankind-injected voodoo-value as gold.
njcarlos1 3 years ago
What is the value of food? mm?
Oh, it changes over time, with the demand people have for it relative to its scarcity?
Ah, yes, that's right, the value of food works just like the value of anything else. How silly of us to think otherwise.
schmiggen 3 years ago
I find both of your comments to be fairly simpleminded. The value of these superficial materials are dependent upon the existence of a viable market. Can the U.S. market crash with the dollar losing all purchasing power? Yes. Can gold be considered a worthless metal aside from it's pragmatic usages in technology? Yes. Food, however, has intrinsic value because if you can read: it sustains life. In a theoretical context, it has *true* inherent value, just like water.
njcarlos1 3 years ago
Yep, but food (and water, did anybody ever used water as currency?) would be a very inefficient means of trading.
Which is shy people have always used metals: hard to come by and with intrinsic value as they can be used for practical purposes.
jotaeleemeese 3 years ago
That doesn't make food qualitatively different from gold. It just means that the demand for food is presumably much less likely to disappear than the demand for gold. Gold and food have an "intrinsic" value because there's a demand for them as consumer goods. OTOH, a banknote is valuable because you can buy consumer goods like gold (for jewelery and other uses) and food with it. Once you can't do that, banknotes are worthless.
foldr 3 years ago
stop being stupid njcarlos. I'll take my gold to any country and get "real" value in exchange for it, try doing that with the dollar down the line when it's worthless.
syborius 3 years ago
I'm not being stupid, I'm just interjecting in the conversation because they were bashing the host for speaking in fundamentals. If she wasn't I could see some warrant to the outcry but really her words were correct as stated.
njcarlos1 3 years ago
And she's also being an economic moron. If gold doesn't have value because you can't eat it like food then food should be the most expensive thing on the planet. Nothing is more important than water/food. Even a piece of aluminum which has more uses than gold should be dirt cheap compared to food. All you can do with aluminum is build a bridge... how many people can you feed with a bridge?
thomasw78 3 years ago
exactly man, how did this bitch get a job on cnbc. Gold has no inherent value? What a stupid comment. So why do the major gov'ts of the world hoard vast amounts of gold? It's people like this that confuse the masses and miseducte them on what real economics is.
EdMan2012 3 years ago 2
She is from Goldman Sachs! She is lying bitch! She is selling propaganda for the banking thugs!
SolitonPL 3 years ago 3
there you go, I knew someone couldn't be that stupid.
EdMan2012 3 years ago
I wouldn't kick her out of bed....but "Gold has no intrinsic value?" WTF!?! She surely must have meant diamonds...price controls compliments of the DeBeers. The anchors on TV truly are ignorant or can lie with a smile. I just read they're kicking the idea of taking our 401Ks and putting them into a government account. R U getting a little disgusted of how they talk to us like 6 year olds? Dear NWO..."Stop pissing on my leg and telling me its raining" Welcome US Citizens to our Obamanation!
NJRounderRay 3 years ago
Gold is as, intrinsically, as valuable as a precious stone, or any other precious metal. It's the value mankind *places in* those materials that gives it value. Learn what intrinsic means.
njcarlos1 3 years ago
In numismatics, intrinsic value is the value of the metal, typically a precious metal, in a coin. When the intrinsic value becomes greater than the face value, the coins are in danger of being removed from circulation in large numbers (an expression of Gresham's law). When copper prices skyrocketed in the mid-to-late 1970s, there was a fear that the U.S. one-cent piece might succumb to this fate. In fact, this did happen, leading the Mint to change the composition of the cent in 1982.
NJRounderRay 3 years ago
Intrinsic: Of or relating to the essential nature of a thing; inherent. I'd argue that value rooted in human demand, is superficial and desultory.
njcarlos1 3 years ago
She didnt say "intrinsic" she said "inherent."
Gold is ABSOLUTELY an inherently valuable resource- due to its utility (the most malleable and ductile metal on earth) and its scarcity. Of course "mankind places value" on these things, but that value is largely gauged by their usefulness to mankind- which is not at all imagined or arbitrary...they ARE by nature (inherently) useful and often they ARE harder to get/produce.
The woman is an idiot.
Gonzo707 3 years ago 5
obama is going to destroy this great nation with his policies . he is a communist and he has no good ideas on economics
mccain was bad but obama is worse . now we have no checks and balances and obama could push through whatever he wants . we need much smaller government and low taxes and obama will never give us that
i am hoping that obama legalizes drugs and prostitution
alansready 3 years ago
Obama will not legalize any of that.
Theres really not much point in diffrentiating between Obama and McCain. Its not that "Obama is a communist," its that the whole entrenched power structure (which of course includes the Clintons, Bushes, Obama, and McCain) is corporatist-leaning-socialist and masquerades itself as "capitalist."
If people wanted to vote for "change" then they should have been paying attention during the primaries. Obama vs McCain really represented no "choice" at all.
Gonzo707 3 years ago 6
They don't understand the difference between a democracy and a republic. And they don't understand what money is.
djsherin 3 years ago 4
It must be infuriating for Peter to have to explain such basic economics to these simpletons.
'But gold has no intrinsic value!'...
Most ignorant thing I've ever heard in my life. Wtf do you think your jewelry is made out of??
17Spartacus76 3 years ago 6
The chick keeps making dumb comments, topping them all with the stupidest, "gold has no value." Ask any farmer, plumber, or third world African miner whether gold as intrinsic value.
cbellison 3 years ago 5
"there is a problem with the voters..." best line of the night, Peter Schiff comes up with the biggest bullshit response. Tyranny of the majority - LMFAO
LorenzKamo 3 years ago
i cant wait until im more rich than all these anchors / biased celebrities for simply not owning gold..bankrupt em all!
tannedking187 3 years ago
Conflicting agendas in foreign, domestic, and economic policies will disallow America to recover and restrengthen.The bubble will not come because resource are too tapped out.They need to draw back spending not expand it.There will be no entitlements for anyone if they do not put things in order.Its time to reexamine priorities and budget accordingly.Ron Paul keeps being proved right.
cincinnatusnow 3 years ago
I can't believe the lady said gold has no value! Does she know what she is talking about?
Gold and other precious metals have value because they are limited in demand while fiat currency only has value because government said so.
ru40342 3 years ago
limited in supply
high in demand
drdesignz 3 years ago
I've watched a few peter interviews and every time he mentions gold they host always says something stupid to try and discredit his point.
MakeCakeNotWar 3 years ago