Ive never seen a guy get it so wrong in a single video. He may be correct in the past .. but you people better understand that saying "Past performance do not guarantee future performance"
MAKE THIS VIRAL GUYS AND DO YOUR PART FOR LIBERTY AND FOR FREEDOM!! SHOW THE BANKSTERS THAT YOU HAVE HAD ENOUGH OF THEIR ADVERTISED PUPPET POLITICIANS WHO READ OFF TALKING CARDS AND TELEPROMPTERS AND FLIP FLOP VIEWS TO GAIN SUPPORTERS AND WE WANT MEDIA COVERAGE OF THE CANDIDATES WE THE PEOPLE ARE INTERESTED IN NOT WHO THEY CHOOSE! SPREAD RON PAUL VIDEOS TO EVERYONE YOU KNOW AND WIN YOUR FREEDOM FROM THE FINANCIAL TERRORISTS WHO HAVE DONE NOTHING BUT ROB US TAXPAYERS FOR YEARS!!! RON PAUL 2012!!!
S & P is a European/Republican controlled financial institution. It's "downgrade" is as bogus as the gold Glenn Beck is hocking on TV at twice the market price because America is going to "collapse". America's financial situation is the most solid in the world behind only Norway, Germany and Canada, (3 socialist countries) according to a recent survey of financial professionals who look at this stuff every day, and make investments. Bet you thought Bush was just "great" didn't ya?
@ObamaComma Norway, Germany, and Canada aren't socialist, they are mixed capitalist, and even they are about to fail right after Greece, Spain, Ireland, etc.
@itachi705 - Only when you point out somehting good about them. Whenever a right-winger wants to trash them, their "socialist". They are as all "socialist" countries are in the proper definition of the word, "capitalist". They are not "libertarian-anarchist" (the popular definition of "capitalism" among today's "Reich-wing"), that controls current Republican politics.
@ObamaComma LOL They are less "socialist" than the U.S. since many of these countries have a lower corporate income tax and are ranked higher in free trade, etc. by EFI. They have a welfare state, but this is not the same thing as socialism. And now that their welfare state that was in large part subsidized by the U.S. taxpayer after WWII is in free fall, we can see even that can't be sustained.
@itachi705 - PS. China has a lower corporate tax rate than the U.S. too, their still a communist country. That is not what "socialism", "communism" and "capitalism" are defined by. Tax rates are highest in developed countries, because their standard of living is higher, and vica versa. Spain and Italy were/are both fascist counties, and have the lowest tax rates in Europe. They also have the worst economies. England, France, Norway and Germany are socialist. They have the best economies.
@ObamaComma Uh, England is in free fall, Germany and France aren't far behind while Norway is sitting on natural resources that won't sustain it anymore when they run out. They are right behind Greece. Also, products and services cost much more in those countries than in the U.S. Due to these higher prices, the standard of living is falling dramatically. The funny thing is they aren't even that socialist, and yet these policies are destroying them.
@itachi705 Actually US Corp tax rate is only 15%. Besides most of these "Corps" haven't paid taxes since 2004. Did you ever look at the 10-K, Google, Apple, GE etc are stashing money overseas, and will get the next tax holiday. FYI the last one was in 2004. They will make the same old promise again, "We will use it to create jobs". We need to tax the wealthy. Kill bush tax cuts, even Warren Buffet and Bill Gates agree.
@dagreatest83 LOL You morons don't understand that these corporations just pass on the cost to consumers. You're talking about raising taxes on small businesses in your short sighted effort to tax those who are basically untaxable. Soon they will relocate all operations overseas. What will you do then? Drag them back here and demand they work to produce wealth you consume?
@ObamaComma That you are so far radical left as to use such a ridiculous term "reich winger" and given that you even have "Obama" in your username, I don't think you're worth listening to all that much.
@itachi705 - Having been a Reagan Republican for 30 years and worked on local elections, senator races and governor races for the Republican party, sat through seminars from American Heritage, and Eagle Forum, the term "Reich-wing" is a real political distinction from "Right-wing". "Reich-wing" is fascist ideology that infiltrated the Republican party after WW2 due to Prescott Bush, and the Bush family's pro-Nazi vision for America. They are not real American Republicans.(cont)
@ObamaComma you wasted 30 years of your life, don't waste any more. live your life, don't vote, and be free. no amount of violence is going to set things strait. America is done as a democracy. Choose freedom and be happy!
@gradiu3rox - Education and Employment are two things I do not consider 'a waste". Not only is America not done as a "democracy", democracy is the only sustainable form of Government. All other forms eventually fail, and regress to variations of democratic process, and depend on either violence or deception to exist, rather than "the consent of the governed". The Republican party, and the Democratic party are two American institutions, but can be run by the wrong people in the wrong direction.
you cannot give consent before you are born. anyone born in a country becomes the property of that country whether they like it or not. That is not consensual. I never agreed to be American and have various rules and taxes imposed upon me.
If you think that a democracy is any more sustainable than another system, I don't think you are seeing what is happening in the Western World. It's coming to an end in our lifetimes.
@gradiu3rox - Consent means they must be "elected". It is not surprising that you do not understand democracy, and it's existence in history in direct proportion to the success and peacefulness of societies. Consent of the governed (via elections) is the only form of government which uses opinion rather than violence to conduct "revolution". "Revolutions" occur at election cycles on a routine basis in Democracies. I have been to the Jefferson Memorial, danced & took some pictures.
@ObamaComma and, if you've never heard of democracide, look it up. What country has more prisoners per capita? America or China. look that up too. then go and try to live freely. go dance in the jefferson memorial and see if you don't get choke slammed. This is not freedom. Democracy is possibly the worst kind of government, because it is the most deceptive so far. Giving a small group of people (gov) a monopoly on the use of force is a horrible idea. end violence, end the state
@gradiu3rox - Yes, those are interesting statistics. Cuba, UAE, and a few other socially bankrupt societies make the top of your "ideal" list. Why don't you ask yourself why they have "no prisoners". As far as the "end of the western world", I hate to disappoint you but that will not be happening any time soon. You do not understand history very well if you are thinking like that.
@itachi705 - The machinery running the Republican party right now are anti-American, pro-fascist elements, which were absorbed after Operation paperclip. Rush Limbaugh is as a Republican Military Vet correctly identified him on air, "a brainwashed Nazi". That is not an insult, that is an actual observation of the man's real political orientation. They destroyed the American Republican party. The "Tea Party", is a facade for the same people that put Bush into office, and still run the GOP.
@itachi705 - Watch my videos on the S & P downgrade. Whether we "agree" on politics or not, I don't want your family to become another victim of political market manipulation (what's going on right now). It's an "early warning" message, and there is still time to prepare to take evasive action and remain profitable, when it begins to unravel (which it will, possibly as early as within the next 24 months)
LOL! As I posted earlier that Peter has once again called the bottom in the markets with his excitement that the world will end stands true! Can't say i did not tell you so!
Americans sovereign debt, 100 odd %, Japanese sovereign debt 225%... both nations, are on AA ratings.. so i ask, why hasnt the Japanese govt defaulted, why hasnt the words 3rd largest economy become like Greece? .. Because the Japanese govt, owns the very creditor that funds that govt. I.e, deficits dont matter. America sure has lived beyond its means, because it borrowed from everywhere.. but themselves.. biggest military, lowest tax. Japan, 1% GDP, on military, one of the highest corporate tax
Peter what if the government decides to price gold as they did during the great depression? Won't investors lose anyway? From what I recall they repriced gold much lower than it had become worth.
To everyone following Peter Schiff, I implore you to Google Mike Stathis of AVA Research. This gentleman has been banned from the Media for speaking out against the injustices of Washington as well as both Financial Parties (Perma Bulls and Perma Bears) for suckering so many sheeple.
This is not spam, this is coming from someone who was a HUGE fan of Peter Schiff to others on here who are how I was. Please look beyond those on Television all the time, there's a reason they are there.
The simple truth is that the US does not only spend to much its tax levels are to low in comparison. I dont think that the US ever can balance its budget without doing both - raising taxes and cut spending. Either one wont do the trick on its own to balance it. Unless the spending is cut immensely. Meaning dissolving the entire military and such a thing.
Yep, and as far as "obama Debt" the stimulus was already started when the republicans were in power. It was Republican policy. When Obama went into office he left Paulson in charge, Paulson is a very conservative anti-government republican. He was the one in charge of deciding who got stimulus and how much they got. No surprise his mates on Wall St got all the help they needed. Anyone who blames Obama or democrats for this mess is disingenuous.
A truckload of Americans was caught smuggling into mexico.
When Bill and Hillary travel together, they have to share 1 room.
The Treasure Island casino in Las Vegas is now managed by Somali pirates.
I was so depressed thinking about the economy, wars, jobs, my retirement funds, etc. I called the Suicide Hotline and got a responder from Pakistan. When I told them I was suicidal, they got all excited, and asked if I could drive a truck into an undisclosed building.
@MultiFufighter You might be listening to schiff, but obviously, you have not heard his message as he has been screaming out of his lungs for the past 7 years about the dire state of our economy and monetary system. How can any sane person invest in such an overstimulated pseudo market as the US or european equities? I have been riding the gold and silver waggon for 3 years now and at 26, I might well be a multi- millionnaire before I reach 30!
News Flash! There is a buble in GOLD! Proof:The Rothchilds the money masters who set the world price of GOLD got out of it and started selling it off in early 2000! George Soros a lieutenant of the Rothcilds just dumped his Gold portfolio on August 8, 2011! George Soros had prior inside knowledge of the S&P Downgrade of america and invested 1 billion dollars in Futures increasing his bet and gain 1000 times he is the only one that did it! Why will GOlD collapse because one world currency!
We need someone to take a stand. We see where compromise gets us. It gets us real unemployment over 16% and a debt to GDP at 100%. We need someone to take a stand and cut the baseline budget of the federal government to ZERO and not the 7-8% that it currently is for most of the mandatory spending.
The politics of creating poverty will long be remembered in AUGUST 2011. I applaud Peter Schiff for his show and tell approach to what's happening in the USA. I would suggest to the average American that they take their country back and get back to basics. This will be a BIG CHALLENGE but your freedom, prosperity and integrity is at risk. Get excited about YOUR COUNTRY!
Almost 30,000 views a day...alright! ***Schiff's getting syndicated*** spread the word and make Schiff visible to the point where the mainstream can no longer ignore him.
A better rating would update every day in realtime with more granularity. Does such a rating exist? If not, open source the algorithm, crowdsource the weights with votes.
This "AAA" coding belongs back in the typewriter era before computers.
Buffett said America's leaders may have a hard time agreeing on the country's financial plan and the value of the dollar may decline, but that won't keep the world's richest nation from paying its debts. After all, he said the United States has a gross domestic product of about $48,000 per person, and the Federal Reserve can still print more money.
Buffett said to CNBC.
Buffett did not immediately respond to an interview request from The Associated Press on Monday.
Hi Peter i have spent the past 8 years saving up money to better my life. Watching your videos have opened up my eyes. However, I don't quite know how i should invest my money. Ive come to a point where i want to buy a house rent it out and this will at least give me some sort of income. But several times you hinted not to invest in real estate or currencies since they are all FIAT. Gold or silver won't do me any good so what should a person like me invest the money in ??
@2baMUSLIM you should call up his company and ask for options, things like dividend paying mutual funds in Asia, and possibly other products, that they can't advertise but can tell you only if you ask about them specifically, such as short positions on US securities (federal/state/municipal/business).
Can S&P even be trusted? It's a scum agency that gave scum coporations high ratings. All the loans that received high ratings from S&P are now all proven to be GARBAGE.
@elbuggo Please... Even I am along with his ideas 100%, he won't be able to do anythings rather than have a massive austerity plan which will cause 50% unemployment or have hyperinflation and have much less unemployment but having living of standards dropping to Somali and Sierra Leone levels.
@Stevie68000 They pretend that they have 50 times better IQ than the rest of civilization. So I assume they think they still the greatest and everything what is happening now is a natural cause.
@Stevie68000 My grandmother was a Jew, she didn't run any company, wasn't rich, etc. So are you saying that because she was a Jew she is now enemy of whatever? Schiff is of Jewish descent I believe as well.
The greatest enemy of Greece, Europe and America is insane public spending and a terrible economic model. It's much easier to point to Jews (or any other group you don't belong to), then to tens of thousands of your own fellow citizen who support the tyranny of the state, because it gives them personal gain.
To quote from one old movie: "Grandsons will be spitting on our pictures -- our sons will not be allowed to, for we shall still be among the living."
I was reading hitlers quotes on wikiquotes, he said america will never work because jews run it. Was he right? Im not sure i just read that and see this!
Poor China, and now who's going to buy all their cheap, poorly manufactured, low quality, sweat shop products? The dollar is on the brink of becoming redundant and China's CPI just hit a new 6.5% high! I guess the end of the world as we know it has just started...
@mikemanukian the sad thing is you people somehow believe that this problem is Democrat or Republican in origin. No, they are both guilty of neglect and treason. the red necks have cottoned onto Obama when Bush was just as guilty and Clinton at least tried to rein in the budget deficit. so no it's not the Democrats or the Republicans, it's the political class at large who are beholden to the whim of their masters. They love for the likes of you to think it's political so the theft continues
this man peter is like some kind of crystal ball prophet at this point.... the dollar has lost it's "safe haven" status.... maybe this time the dollar really will crash like peter predicted would happen in 2008. the fact that the stock market is in free fall, and the currency market is moving sideways should be an eye opener...
You have heard the term“A fool and his money are easily parted”well, we are all witnessing either through design,or absolute ignorance,the fleecing of America. Utterly insane!A reign of thieves has been unleashed upon America, allowed by a lip flapping governing body. America is entering into a kleptocratic state, very little productivity, and a extreme loss of wealth, with no accountability. Our Government has been hijacked by a extremely wealthy international class, called the OneWorldOrder!
Poor China, and now who's going to buy all their cheap, poorly manufactured, low quality, sweat shop products? The dollar is on the brink of becoming redundant and China's CPI just hit a new 6.5% high! I guess the end of the world as we know it has just started...
Poor China, and now who's going to buy all their cheap, poorly manufactured, low quality, sweat shop products? The dollar is on the brink of becoming redundant and China's CPI just hit a new 6.5% high! I guess the end of the world as we know it has just started...
@fasfsdfasd how? Bush left office with huge debt and bad recession. What else can Obama do beside continue borrow more money to finance his stimulus package and health care reform. We are not arguing his health care reform. U.S need reform its health care system, at least poor people can get health care. Republicans is one ruin the nation. What they are doing right now is playing the political games. Republican is the one who lead US to this.
@phantomellen Obama could investigate the banks for fraud, reinstate glass-stegal, put people to work building modern infrastructure(high speed rails)
Obama is a banker puppet, he wants to slow bleed the country for his globalist puppet masters... so we'll be more accepting of a supernational authority lording over us. A new world order controlled by banks.
@cademcnown25@hobblehonker You are both racist morons, one of you is racist against Whites, the other against Blacks. How about we stop bringing race into the equation and actually discuss policy and economics. Racism and race baiting both have no place in intelligent debate and discussion.
@hobblehonker No tard. But there are racist groups like the Black Panthers who do. Put down the crack pipe man. LOL I laugh in your general direction.
@hobblehonker You're a real moron. You know that, right? There are racist groups, like the Black Panthers, who hate White people and are therefore racist. Put down the crack pipe, man.
I'm seeing many people talking about Obama and Bush. This just shows you're missing the point. The path here was paved by the system, not by any individual. Unsound money, politicians buying elections with taxpayer-funded programs, career legislators, and more.
@hobblehonker lol. typical for a NIGGER like you to make it about race. lmao. get your black ass of the web and back to the cotton fields you pathetic blue gum smelly NIGGER
@cademcnown25 get this rascist piece of shit off Youtube. some folks are so ridiculously ignorant it gives all white people a bad name. Do you think Peter Schiff needs this shit associated with his videos? SHUT THE HELL UP
@macrofocus1988 FUCK YOU .MOTHERFUCKER. go suck some nigger dick you bitch as coal burning nigger lover. you get YOUR bitch ass off you tube punk ass bitch
You should really have your own TV show by now and kick Jim Cramer to the curb! Americans need to hear the truth regardless if they like it or not. IMO
@fasfsdfasd no man. The US government ruined the nation. Obama can't do anything by himself!
@SchiffReport, the USD taking a dive. Maybe I should put all my debt into USD and wait for it to tank. Then pay it back with my AUD income :) I'll be debt freee!
Another recession?? What happened to the summer of recovery??? Kids, we were never out of the first recession and never were in a depression. You haven't seen a depression... Yet.
What has damaged this 'recovery' is a piece of shit congress and a weak as shit presidency. BOTH CLUELESS! These assholes were playing with fire in a dynamite factory and NOW they blame the ratings agency for this downgrade? Fuck you, Washington! You assholes wouldn't know fiscal discipline if it fucked you all night long. You fucking circus clowns look like a bunch of inbred monkeys fucking a football,. RESIGN IN SHAME like you should. Fucking assholes.
@fasfsdfasd Obama will probably blame Bush (still...after 4 years in office lol), blame the Tea Party, blame Bernanke, blame China (yes - AGAIN lol), say "Progress" and "Change" take time, or a combination of those excuses LOL
please, the Republican Congress was the one who couldnt "get the bill in time". Congress did not get the bill to the presidents office period. Based on our history, trickle down economics and supply side economics ruined our country.
Obama says: US will always be triple A rating ...... LoL! what an ignorant ... f...ing looser ..... Buffet another idiot says: US deserves quadruple rating ...... Where these shitheads come from .... and media, politicians and many others see Buffett as a God ..... kissing up to him all the time ...... what a scheme!
The US is very interconnected with the world economy. Think about it, US rating drop to AA+ cost turmoil in economies around the world. Imagine if US went into default or bankuptcy? The world economy is gone, the world will be sent back to the global depression. S&P rated US A++ right? Did you kow S&P also rated the the Structured Investment Vehicles for banks. They rated them high and guess what. SIV was not safe and started a financial crisis. S&P isa dumb agnecy.
Playing politics with the debt ceiling and the American economy was a reckless teapublican idea. The president appealled to congress and the American people and warned of the dangers of engaging in such reckless behavior. Well you can all thank your teapublicans for taking a page out of the Rush Limbaugh playbook. It was rush who said he would prefer for America to fail than for Obama to succeed, obviously teapublicans agree!
@longdongnegro11 Obama is an enemy to the American people. Just look at the details of his policies thus far. Don't be distracted by his "Tea Party" mirage. Obama is the President - and since 9/11 the executive branch has ALOT of powers.
@1XMarksSpot Obama appealled to congress both in private and in public to raise the debt stealing instead of playing political games with the US economy. Teapublicans want the economy to be f***ed up so they could stand a better chance of defeating Obama in 2012. Their loyalty is to their party and their pockets not to their Country . If congress cant work together for whats best for the Country then this Country is f***ed. period. end of story
It is dumbasses like you who pledge loyalty to their racial politics and not to the nation; this results in the election of incompetent fools like Bush and Obama. Raising the debt ceiling is equivalent to asking your credit card company to raise your card limit because you reached the limit and can't pay into it for future expenses. It is just plain idiocracy to propose it and even worse to actually support such policies. If anything, we deserve what's coming!
@longdongnegro11 Appealed? Appealing isn't setting a date for a debt deal to be reached. That's called a demand. All Obama has done is play political games, usurp the Constitution further, line the pockets of his campaign donors, and do even more campaigning. End of Story.
@longdongnegro11 BO wanted to RAISE the debt ceiling from 14.7 trillion to 20+ ... His opposition did not want to add to that anymore and create more of a burden for the next generation. That was where the stalemate was coming from. Two weeks prior to the deadline of Aug 2, there was a proposal that was agreed upon by the Speaker (R) and Democrats which was brought to the POTUS. BO DENIED the proposal and the bargaining went on for the next several days until the 11th hour.
S&P is wrong. We should be at A+, AA at best. Their reasoning is wrong, being off not by 2 trillion, but by 90 trillion. No tax increases will increase revenue. Nothing short of capping entitlements to 10 years max will do it.
1.5 trillion dollars a year spent on military offense, the military industrial complex will break the US economy, just like it did in the USSR. We are even fighting the same losing war in Afghanistan.
Ive never seen a guy get it so wrong in a single video. He may be correct in the past .. but you people better understand that saying "Past performance do not guarantee future performance"
Anastrodamus 2 months ago
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bartwout 2 months ago
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what an idiot. S&P downgraded bonds and yields are at historically low levels. This guy is such a twat.
shitaye12 6 months ago
@shitaye12 STFU noob.
TWSceptic 2 months ago
This has been flagged as spam show
Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & America ----- Jew
1. Goldman Sachs CEO, Lyold Blankfein - Jew
2. IMF Deputy CEO, John Lisky - Jew
3. Ex IMF CEO, Dominic Strauss - Jew
4. World Bank CEO, Robert Zoellick - Jew
5. Ex World Bank CEO, James Woolfesen - Jew
6. Fed Chairman, Ben Bernanke - Jew
7. Ex Fed Chairman, Alan Greenspan - Jew
8. Obama Treasury Secretary, Timothy Geithner - Jew
9. George Bush Treasury Secretary, Hank Paulson - Jew
Stevie68000 6 months ago
This has been flagged as spam show
MAKE THIS VIRAL GUYS AND DO YOUR PART FOR LIBERTY AND FOR FREEDOM!! SHOW THE BANKSTERS THAT YOU HAVE HAD ENOUGH OF THEIR ADVERTISED PUPPET POLITICIANS WHO READ OFF TALKING CARDS AND TELEPROMPTERS AND FLIP FLOP VIEWS TO GAIN SUPPORTERS AND WE WANT MEDIA COVERAGE OF THE CANDIDATES WE THE PEOPLE ARE INTERESTED IN NOT WHO THEY CHOOSE! SPREAD RON PAUL VIDEOS TO EVERYONE YOU KNOW AND WIN YOUR FREEDOM FROM THE FINANCIAL TERRORISTS WHO HAVE DONE NOTHING BUT ROB US TAXPAYERS FOR YEARS!!! RON PAUL 2012!!!
juicejon1 6 months ago
Why Ron Paul is a good candidate
Search For
"BUSH OBAMA DESTROYED US ARMY"
eliasmouawad 6 months ago
When is he making a new blog.
dukee155 6 months ago
This has been flagged as spam show
Enemy of Greece, Ireland, Italy, Spain, Portugal, Europe, & America ---- Jew
1. Goldman Sachs CEO, Lyold Blankfein is Jew
2. IMF Deputy CEO, John Lisky is Jew
3. Ex IMF CEO, Dominic Strauss is Jew
4. World Bank CEO, Robert Zoellick is Jew
5. Ex World Bank CEO, James Woolfesen is Jew
6. Fed Chairman, Ben Bernanke is Jew
7. Ex Fed Chairman, Alan Greenspan is Jew
8. Obama Treasury Secretary, Timothy Geithner is Jew
9. George Bush Treasury Secretary, Hank Paulson is Jew
Stevie68000 6 months ago
S & P is a European/Republican controlled financial institution. It's "downgrade" is as bogus as the gold Glenn Beck is hocking on TV at twice the market price because America is going to "collapse". America's financial situation is the most solid in the world behind only Norway, Germany and Canada, (3 socialist countries) according to a recent survey of financial professionals who look at this stuff every day, and make investments. Bet you thought Bush was just "great" didn't ya?
ObamaComma 6 months ago
@ObamaComma Norway, Germany, and Canada aren't socialist, they are mixed capitalist, and even they are about to fail right after Greece, Spain, Ireland, etc.
itachi705 6 months ago
@itachi705 - Only when you point out somehting good about them. Whenever a right-winger wants to trash them, their "socialist". They are as all "socialist" countries are in the proper definition of the word, "capitalist". They are not "libertarian-anarchist" (the popular definition of "capitalism" among today's "Reich-wing"), that controls current Republican politics.
ObamaComma 6 months ago
@ObamaComma LOL They are less "socialist" than the U.S. since many of these countries have a lower corporate income tax and are ranked higher in free trade, etc. by EFI. They have a welfare state, but this is not the same thing as socialism. And now that their welfare state that was in large part subsidized by the U.S. taxpayer after WWII is in free fall, we can see even that can't be sustained.
itachi705 6 months ago
@itachi705 - PS. China has a lower corporate tax rate than the U.S. too, their still a communist country. That is not what "socialism", "communism" and "capitalism" are defined by. Tax rates are highest in developed countries, because their standard of living is higher, and vica versa. Spain and Italy were/are both fascist counties, and have the lowest tax rates in Europe. They also have the worst economies. England, France, Norway and Germany are socialist. They have the best economies.
ObamaComma 6 months ago
@ObamaComma Uh, England is in free fall, Germany and France aren't far behind while Norway is sitting on natural resources that won't sustain it anymore when they run out. They are right behind Greece. Also, products and services cost much more in those countries than in the U.S. Due to these higher prices, the standard of living is falling dramatically. The funny thing is they aren't even that socialist, and yet these policies are destroying them.
itachi705 6 months ago
@itachi705 Actually US Corp tax rate is only 15%. Besides most of these "Corps" haven't paid taxes since 2004. Did you ever look at the 10-K, Google, Apple, GE etc are stashing money overseas, and will get the next tax holiday. FYI the last one was in 2004. They will make the same old promise again, "We will use it to create jobs". We need to tax the wealthy. Kill bush tax cuts, even Warren Buffet and Bill Gates agree.
dagreatest83 6 months ago
@dagreatest83 LOL You morons don't understand that these corporations just pass on the cost to consumers. You're talking about raising taxes on small businesses in your short sighted effort to tax those who are basically untaxable. Soon they will relocate all operations overseas. What will you do then? Drag them back here and demand they work to produce wealth you consume?
itachi705 6 months ago
@ObamaComma That you are so far radical left as to use such a ridiculous term "reich winger" and given that you even have "Obama" in your username, I don't think you're worth listening to all that much.
itachi705 6 months ago
@itachi705 - Having been a Reagan Republican for 30 years and worked on local elections, senator races and governor races for the Republican party, sat through seminars from American Heritage, and Eagle Forum, the term "Reich-wing" is a real political distinction from "Right-wing". "Reich-wing" is fascist ideology that infiltrated the Republican party after WW2 due to Prescott Bush, and the Bush family's pro-Nazi vision for America. They are not real American Republicans.(cont)
ObamaComma 6 months ago
@ObamaComma you wasted 30 years of your life, don't waste any more. live your life, don't vote, and be free. no amount of violence is going to set things strait. America is done as a democracy. Choose freedom and be happy!
gradiu3rox 6 months ago
@gradiu3rox - Education and Employment are two things I do not consider 'a waste". Not only is America not done as a "democracy", democracy is the only sustainable form of Government. All other forms eventually fail, and regress to variations of democratic process, and depend on either violence or deception to exist, rather than "the consent of the governed". The Republican party, and the Democratic party are two American institutions, but can be run by the wrong people in the wrong direction.
ObamaComma 6 months ago
@ObamaComma sorry for the tardy reply.
just a few facts.
you cannot give consent before you are born. anyone born in a country becomes the property of that country whether they like it or not. That is not consensual. I never agreed to be American and have various rules and taxes imposed upon me.
If you think that a democracy is any more sustainable than another system, I don't think you are seeing what is happening in the Western World. It's coming to an end in our lifetimes.
gradiu3rox 6 months ago
@gradiu3rox - Consent means they must be "elected". It is not surprising that you do not understand democracy, and it's existence in history in direct proportion to the success and peacefulness of societies. Consent of the governed (via elections) is the only form of government which uses opinion rather than violence to conduct "revolution". "Revolutions" occur at election cycles on a routine basis in Democracies. I have been to the Jefferson Memorial, danced & took some pictures.
ObamaComma 6 months ago
@ObamaComma and, if you've never heard of democracide, look it up. What country has more prisoners per capita? America or China. look that up too. then go and try to live freely. go dance in the jefferson memorial and see if you don't get choke slammed. This is not freedom. Democracy is possibly the worst kind of government, because it is the most deceptive so far. Giving a small group of people (gov) a monopoly on the use of force is a horrible idea. end violence, end the state
gradiu3rox 6 months ago
@gradiu3rox - Yes, those are interesting statistics. Cuba, UAE, and a few other socially bankrupt societies make the top of your "ideal" list. Why don't you ask yourself why they have "no prisoners". As far as the "end of the western world", I hate to disappoint you but that will not be happening any time soon. You do not understand history very well if you are thinking like that.
ObamaComma 6 months ago
@ObamaComma Don't understand history? Athens? Rome?
Well, then all I can say is, wait and see. I think that I will owe you an "I told you so" in just a few years, sometime around QE 7 or 8.
gradiu3rox 6 months ago
@itachi705 - The machinery running the Republican party right now are anti-American, pro-fascist elements, which were absorbed after Operation paperclip. Rush Limbaugh is as a Republican Military Vet correctly identified him on air, "a brainwashed Nazi". That is not an insult, that is an actual observation of the man's real political orientation. They destroyed the American Republican party. The "Tea Party", is a facade for the same people that put Bush into office, and still run the GOP.
ObamaComma 6 months ago
@ObamaComma So it's anti-American not to raise the debt ceiling or raise taxes in order to pay for an out of control government?
zLOSTNOMOREz 6 months ago 3
@itachi705 - Watch my videos on the S & P downgrade. Whether we "agree" on politics or not, I don't want your family to become another victim of political market manipulation (what's going on right now). It's an "early warning" message, and there is still time to prepare to take evasive action and remain profitable, when it begins to unravel (which it will, possibly as early as within the next 24 months)
ObamaComma 6 months ago
@mikemanukian I love it! That's really great!
SUCKITAMERICA 6 months ago
@666sigma thats to prop up the US economy
stealthpakfa 6 months ago
Why isn't Peter Schiff in the Senate?
dachickenman 6 months ago 13
@dachickenman he wouldn't want to lower himself.
Esoparagon 6 months ago
This has been flagged as spam show
Jew executed by US Government :
1. Crime : treason against America by supplying atom bom secrets to Soviet Union.
2. Julius Rosenberg - killed on 06/19/1953
3. Ethel Rosernberg - killed on 06/19/1953
Stevie68000 6 months ago
LOL! As I posted earlier that Peter has once again called the bottom in the markets with his excitement that the world will end stands true! Can't say i did not tell you so!
XESTISS 6 months ago
your voice is almost gone. you must have had a lot of phone interviews.
DuvallSilver 6 months ago
Americans sovereign debt, 100 odd %, Japanese sovereign debt 225%... both nations, are on AA ratings.. so i ask, why hasnt the Japanese govt defaulted, why hasnt the words 3rd largest economy become like Greece? .. Because the Japanese govt, owns the very creditor that funds that govt. I.e, deficits dont matter. America sure has lived beyond its means, because it borrowed from everywhere.. but themselves.. biggest military, lowest tax. Japan, 1% GDP, on military, one of the highest corporate tax
teddythebenny 6 months ago
Wow 100,000+ views!!!! Awesome stuff Peter! :D
Its about time! haha
treysparker 6 months ago
I just stopped by to check the view count. WOOOOW. Congratulations!
BlueSkies360 6 months ago
Peter what if the government decides to price gold as they did during the great depression? Won't investors lose anyway? From what I recall they repriced gold much lower than it had become worth.
mirsaes 6 months ago
Woo hoo! New Zealand! Kiaroa! Kia Kaha!
rush7777me7777 6 months ago
To everyone following Peter Schiff, I implore you to Google Mike Stathis of AVA Research. This gentleman has been banned from the Media for speaking out against the injustices of Washington as well as both Financial Parties (Perma Bulls and Perma Bears) for suckering so many sheeple.
This is not spam, this is coming from someone who was a HUGE fan of Peter Schiff to others on here who are how I was. Please look beyond those on Television all the time, there's a reason they are there.
fuxoffyo 6 months ago
Peter if you talk like this in your next campaign, you'll win. Get angry!
USAFcrypto 6 months ago
LIBERTARIANMONARCHY . COM
ecnerwal999 6 months ago
The simple truth is that the US does not only spend to much its tax levels are to low in comparison. I dont think that the US ever can balance its budget without doing both - raising taxes and cut spending. Either one wont do the trick on its own to balance it. Unless the spending is cut immensely. Meaning dissolving the entire military and such a thing.
lucius1976 7 months ago
This has been flagged as spam show
Enemy of Greece, Europe, & America ---- Jew
1. Goldman Sachs CEO, Lyold Blankfein is Jew
2. IMF Deputy CEO, John Lisky is Jew
3. Ex IMF CEO, Dominic Strauss is Jew
4. World Bank CEO, Robert Zoellick is Jew
5. Ex World Bank CEO, James Woolfesen is Jew
6. Fed Chairman, Ben Bernanke is Jew
7. Ex Fed Chairman, Alan Greenspan is Jew
8. Obama Treasury Secretary, Timothy Geithner is Jew
9. George Bush Treasury Secretary, Hank Paulson is Jew
Stevie68000 7 months ago
Yep, and as far as "obama Debt" the stimulus was already started when the republicans were in power. It was Republican policy. When Obama went into office he left Paulson in charge, Paulson is a very conservative anti-government republican. He was the one in charge of deciding who got stimulus and how much they got. No surprise his mates on Wall St got all the help they needed. Anyone who blames Obama or democrats for this mess is disingenuous.
tubester4567 7 months ago
A truckload of Americans was caught smuggling into mexico.
When Bill and Hillary travel together, they have to share 1 room.
The Treasure Island casino in Las Vegas is now managed by Somali pirates.
I was so depressed thinking about the economy, wars, jobs, my retirement funds, etc. I called the Suicide Hotline and got a responder from Pakistan. When I told them I was suicidal, they got all excited, and asked if I could drive a truck into an undisclosed building.
MrBigEnchilada 7 months ago
@MrBigEnchilada What the? Pakistan? You are not kidding right?
ltmikepowell 7 months ago
My neighbor got a pre-declined credit card in the mail.
CEO's are getting outscourced.
Exxon-Mobil laid off 25 Congressmen.
A stripper was killed when she was showered with pennies
If the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.
McDonald's is selling the 1/4 ouncer.
Angelina Jolie adopted a child from America.
Beverly Hills folks fired their nannies and learned their children's names.
MrBigEnchilada 7 months ago
Take a look at "Bad Prospects (Parody of Lady Gaga's "Bad Romance")"
The1992grad 7 months ago
What's up with your voice Peter? Ohh, I know, when AUD and NZD was dropping like a rock you screamed SELL SELL SELL
sov19871987 7 months ago
rabbi schiff is the high priest of shetar law so when he speaks wall street listens should we leave the corporation please give us the remedy.
drybonesconnection 7 months ago
peter Schiff is great as always, a lot of investors like me are listening
to him .
The US Debt is a real pain , I lost $263,624 on Aug 8, and my clients much more.
sad.
MultiFufighter 7 months ago
@MultiFufighter You might be listening to schiff, but obviously, you have not heard his message as he has been screaming out of his lungs for the past 7 years about the dire state of our economy and monetary system. How can any sane person invest in such an overstimulated pseudo market as the US or european equities? I have been riding the gold and silver waggon for 3 years now and at 26, I might well be a multi- millionnaire before I reach 30!
AFRIKTODAY 7 months ago
@AFRIKTODAY Hi, yes I should have check peter long ago, but my company and bosses
did not want his name around and regard him as a freak, now these bosses are eating their hats
and some got laid off ( well I'm around) :) wall street now is pressured by the Feds. I worry and wary.
MultiFufighter 7 months ago
Does anyone want to bet the new debt $2.5 TRILLION debt ceiling won't get us through the Nov 2012 presidential elections?
I bet it won't. I bet the the next leg down starts soon.
bkdmd 7 months ago
This has been flagged as spam show
News Flash! There is a buble in GOLD! Proof:The Rothchilds the money masters who set the world price of GOLD got out of it and started selling it off in early 2000! George Soros a lieutenant of the Rothcilds just dumped his Gold portfolio on August 8, 2011! George Soros had prior inside knowledge of the S&P Downgrade of america and invested 1 billion dollars in Futures increasing his bet and gain 1000 times he is the only one that did it! Why will GOlD collapse because one world currency!
anjelicknight1 7 months ago
We need someone to take a stand. We see where compromise gets us. It gets us real unemployment over 16% and a debt to GDP at 100%. We need someone to take a stand and cut the baseline budget of the federal government to ZERO and not the 7-8% that it currently is for most of the mandatory spending.
bkdmd 7 months ago
holly cow!!! 88K views
BlueSkies360 7 months ago
This has been flagged as spam show
Hey, everyone check out my freestyle rap video about america's downgrade at break.com, its called The Triple AAA Rap
masterchief35154 7 months ago
Comment removed
masterchief35154 7 months ago
The politics of creating poverty will long be remembered in AUGUST 2011. I applaud Peter Schiff for his show and tell approach to what's happening in the USA. I would suggest to the average American that they take their country back and get back to basics. This will be a BIG CHALLENGE but your freedom, prosperity and integrity is at risk. Get excited about YOUR COUNTRY!
regrdahl 7 months ago
Almost 30,000 views a day...alright! ***Schiff's getting syndicated*** spread the word and make Schiff visible to the point where the mainstream can no longer ignore him.
PenguinProseMedia 7 months ago
A better rating would update every day in realtime with more granularity. Does such a rating exist? If not, open source the algorithm, crowdsource the weights with votes.
This "AAA" coding belongs back in the typewriter era before computers.
ferodynamics 7 months ago
There was probably a Peter Schiff in 1928. No internet though. Thank goodness Al Gore invented it!
governmentrobsu2 7 months ago
Buffett said America's leaders may have a hard time agreeing on the country's financial plan and the value of the dollar may decline, but that won't keep the world's richest nation from paying its debts. After all, he said the United States has a gross domestic product of about $48,000 per person, and the Federal Reserve can still print more money.
Buffett said to CNBC.
Buffett did not immediately respond to an interview request from The Associated Press on Monday.
edwardwills 7 months ago
Hi Peter i have spent the past 8 years saving up money to better my life. Watching your videos have opened up my eyes. However, I don't quite know how i should invest my money. Ive come to a point where i want to buy a house rent it out and this will at least give me some sort of income. But several times you hinted not to invest in real estate or currencies since they are all FIAT. Gold or silver won't do me any good so what should a person like me invest the money in ??
2baMUSLIM 7 months ago
@2baMUSLIM you should call up his company and ask for options, things like dividend paying mutual funds in Asia, and possibly other products, that they can't advertise but can tell you only if you ask about them specifically, such as short positions on US securities (federal/state/municipal/business).
romanmir01 7 months ago
Since im Lookin Peter Schiff VideoBlog this is with the highest clicks...86.575 !
The message is widespreading!
Bosniake 7 months ago
Can S&P even be trusted? It's a scum agency that gave scum coporations high ratings. All the loans that received high ratings from S&P are now all proven to be GARBAGE.
ttiiyy 7 months ago
Thumbs up if you are having a golden moment! :D
runarolsen 7 months ago
11:08 Elmer Fudd Mode!!!
MegaChickendoodle 7 months ago
Relax. The AAA rating will be restored the day after Ron Paul has become President - i e, very soon.
elbuggo 7 months ago 30
@elbuggo Please... Even I am along with his ideas 100%, he won't be able to do anythings rather than have a massive austerity plan which will cause 50% unemployment or have hyperinflation and have much less unemployment but having living of standards dropping to Somali and Sierra Leone levels.
kessass83 7 months ago
@bug: Ron Paul is a "white supremacist shill" who will NEVER be President!!
Get over it!
SpookeyR 6 months ago
@elbuggo ROFLMAO!! Just start prepping brother, for your own safety.
Markitos203 6 months ago
Thanks Schiff!
HoustonTexas457000 7 months ago
Enemy of Greece, Europe, & America ---- Jew
1. Goldman Sachs CEO, Lyold Blankfein is Jew
2. IMF Deputy CEO, John Lisky is Jew
3. Ex IMF CEO, Dominic Strauss is Jew
4. World Bank CEO, Robert Zoellick is Jew
5. Ex World Bank CEO, James Woolfesen is Jew
6. Fed Chairman, Ben Bernanke is Jew
7. Ex Fed Chairman, Alan Greenspan is Jew
8. Obama Treasury Secretary, Timothy Geithner is Jew
9. George Bush Treasury Secretary, Hank Paulson is Jew
Stevie68000 7 months ago
Comment removed
exitiummagnum 7 months ago
@Stevie68000
10. Europac Capital CEO, Peter Schiff is Jew
Your argument is invalid.
exitiummagnum 7 months ago
@Stevie68000 They pretend that they have 50 times better IQ than the rest of civilization. So I assume they think they still the greatest and everything what is happening now is a natural cause.
kessass83 7 months ago
@Stevie68000 Last time I checked, Bush, Obama, Reid, and Pelosi were not Jews. And neither is Biden.
xtreme1002003 7 months ago
@xtreme1002003 Pelosi is Jewish, know your facts....
LittleSaints01 7 months ago
@LittleSaints01 I stand corrected. I knew she was Roman Catholic with her religious beliefs, but did not know she had Jewish ancestry.
xtreme1002003 7 months ago
@Stevie68000 Did you know that Peter Schiff is also a Jew?
itachi705 7 months ago
@itachi705 Is he a "zionist" Jew, though...?
LittleSaints01 7 months ago
@Stevie68000 My grandmother was a Jew, she didn't run any company, wasn't rich, etc. So are you saying that because she was a Jew she is now enemy of whatever? Schiff is of Jewish descent I believe as well.
romanmir01 7 months ago
@Stevie68000
The greatest enemy of Greece, Europe and America is insane public spending and a terrible economic model. It's much easier to point to Jews (or any other group you don't belong to), then to tens of thousands of your own fellow citizen who support the tyranny of the state, because it gives them personal gain.
To quote from one old movie: "Grandsons will be spitting on our pictures -- our sons will not be allowed to, for we shall still be among the living."
D503z 7 months ago
@Stevie68000 - You are aware that Schiff is Jewish, right?
zenmachinefilms 7 months ago
@Stevie68000
actually about 3-4 of the people on that list are NOT jews.. Stop being a racist..
Peter is a jew and he is a GREAT patriot.
xMaXiMuSx 7 months ago
peter is totally right.... i ain't american but i really hope the Dr. Ron Paul is elected president come 2012.
Peter a quick question .... if all this valus is getting washed away from the dollar, who is profiting ?!?
biggernworse300 7 months ago
@biggernworse300 I think the people who profit will be those who have their money invested in capital.
(Actually, they probably won't profit, but they'll loose as lot less than others).
shamgar001 7 months ago
LIBERTARIANMONARCHY . COM
ecnerwal999 7 months ago
I was reading hitlers quotes on wikiquotes, he said america will never work because jews run it. Was he right? Im not sure i just read that and see this!
DrunkenWarrior83 7 months ago
Rigth on..
xeppo 7 months ago
Peter Schiff IS Right!
Nizzwe 7 months ago
Poor China, and now who's going to buy all their cheap, poorly manufactured, low quality, sweat shop products? The dollar is on the brink of becoming redundant and China's CPI just hit a new 6.5% high! I guess the end of the world as we know it has just started...
OSCARINACOSTA72 7 months ago
@fasfsdfasd u depress me
cancersillycrab 7 months ago
Enemy of Greece, Europe & America ---- Jew
1. Goldman Sachs CEO, Lyold Blankfein is Jew
2. IMF Deputy CEO, John Lisky is Jew
3. Ex IMF CEO, Dominic Strauss is Jew
4. World Bank CEO, Robert Zoellick is Jew
5. Ex World Bank CEO, James Woolfesen is Jew
6. Fed Chairman, Ben Bernanke is Jew
7. Ex Fed Chairman, Alan Greenspan is Jew
8. Obama Treasury Secretary, Timothy Geithner is Jew
9. George Bush Treasury Secretary, Hank Paulson is Jew
Stevie68000 7 months ago
@Stevie68000 ... ummm - Hank Paulson is not a jew and neither is Zoellick
florgat91 7 months ago
@florgat91 But they are both anti ameican globalist. I believe Zoellick was one of the trade represenatives that negotiated NAFTA.
louiethegreater 7 months ago
can't we sell So.Cal to the Mexican mob. we know they have to money. They have to take Nancy too.
HorseWaterDrink 7 months ago
So. It's not the pants making me look fat. It's actually the fat making me look fat?
Paetaor 7 months ago
Solution? Sell back Alaska to Russia.
MyriadesusTV 7 months ago
Obama did not ruin the nation all this started since the Bush presidency think before you speak your just making yourself sound like an dumbsh*t
TURYBoY123 7 months ago
@mikemanukian the sad thing is you people somehow believe that this problem is Democrat or Republican in origin. No, they are both guilty of neglect and treason. the red necks have cottoned onto Obama when Bush was just as guilty and Clinton at least tried to rein in the budget deficit. so no it's not the Democrats or the Republicans, it's the political class at large who are beholden to the whim of their masters. They love for the likes of you to think it's political so the theft continues
amash76 7 months ago
you sure don't sugar coat it Peter :) Love your work!
amash76 7 months ago
thank good someone has a brain in this country!
lauraistooawesome 7 months ago
S&P and the world bankers must be destroyed
greyswans 7 months ago
Peter, great videos, thank you.
Could you take a minute to explain why silver is flopping as gold skyrockets? I'm feeling a little discouraged.
melardkey 7 months ago
way to go pete!! sock em'!!
milkofmal 7 months ago
this man peter is like some kind of crystal ball prophet at this point.... the dollar has lost it's "safe haven" status.... maybe this time the dollar really will crash like peter predicted would happen in 2008. the fact that the stock market is in free fall, and the currency market is moving sideways should be an eye opener...
qualm43 7 months ago
You have heard the term“A fool and his money are easily parted”well, we are all witnessing either through design,or absolute ignorance,the fleecing of America. Utterly insane!A reign of thieves has been unleashed upon America, allowed by a lip flapping governing body. America is entering into a kleptocratic state, very little productivity, and a extreme loss of wealth, with no accountability. Our Government has been hijacked by a extremely wealthy international class, called the OneWorldOrder!
Clint45s 7 months ago
Schiff and R. Paul for Pres!
GoldSilverReview 7 months ago
I do not like this Uncle Sam, I do not like the health care scam.
I do not like these dirty crooks, or how they lie and cook the books!
I do not like when Congress steals, I do not like their secret deals.
I do not like this speaker Nan, I do not like this 'YES WE CAN'.
I do not like this spending spree, I'm smart, I know that Nothing's Free!
I do not like their smug replies, when I complain about their lies.
I do not like this kind of hope. I do not like it. nope, nope, nope!
ThePoliticalTicker 7 months ago 2
Poor China, and now who's going to buy all their cheap, poorly manufactured, low quality, sweat shop products? The dollar is on the brink of becoming redundant and China's CPI just hit a new 6.5% high! I guess the end of the world as we know it has just started...
OSCARINACOSTA72 7 months ago
Poor China, and now who's going to buy all their cheap, poorly manufactured, low quality, sweat shop products? The dollar is on the brink of becoming redundant and China's CPI just hit a new 6.5% high! I guess the end of the world as we know it has just started...
OSCARINACOSTA72 7 months ago
If we can get a bounce anytime soon, this economy is in serious trouble.
DontMeanWell 7 months ago
It really marks the death of Obama's phony presidency. He's history!
Zile77 7 months ago
THUMBS UP FOR ~~!!GO NEW ZEALAND!!~~ BE MORE LIKE US AMEIRCA / BRITAIN
sonicboomlolzup 7 months ago
@fasfsdfasd how? Bush left office with huge debt and bad recession. What else can Obama do beside continue borrow more money to finance his stimulus package and health care reform. We are not arguing his health care reform. U.S need reform its health care system, at least poor people can get health care. Republicans is one ruin the nation. What they are doing right now is playing the political games. Republican is the one who lead US to this.
phantomellen 7 months ago
@phantomellen Obama could investigate the banks for fraud, reinstate glass-stegal, put people to work building modern infrastructure(high speed rails)
Obama is a banker puppet, he wants to slow bleed the country for his globalist puppet masters... so we'll be more accepting of a supernational authority lording over us. A new world order controlled by banks.
ParapaDrifter 7 months ago
@phantomellen Why do banks issue public currency for private profit?
ParapaDrifter 7 months ago
@fasfsdfasd
BUSH BROUGHT THE NATION DOWN.... OBAMA JUST COULDN'T SAVE IT
iconlistening
ICONLISTENING1 7 months ago
@cademcnown25 @hobblehonker You are both racist morons, one of you is racist against Whites, the other against Blacks. How about we stop bringing race into the equation and actually discuss policy and economics. Racism and race baiting both have no place in intelligent debate and discussion.
xtreme1002003 7 months ago
@xtreme1002003
The fuck you saying? U cant be racist against whites dumbass wtf
hobblehonker 7 months ago
@hobblehonker You're a moron. You can be racist against ANY race. Hatred of people just because they are White falls under the definition of racism.
xtreme1002003 7 months ago
@xtreme1002003 So did the KKK hate white people? You pissing me off dumb white ass bitch
hobblehonker 7 months ago
@hobblehonker No tard, but there are racist groups like the Black Panthers who do. Put down the crack pipe man.
xtreme1002003 7 months ago
@hobblehonker No tard, but there are racist groups like the Black Panthers who do. Put down the crack pipe man.
xtreme1002003 7 months ago
@hobblehonker No tard. But there are racist groups like the Black Panthers who do. Put down the crack pipe man. LOL I laugh in your general direction.
xtreme1002003 7 months ago
@hobblehonker You're a real moron. You know that, right? There are racist groups, like the Black Panthers, who hate White people and are therefore racist. Put down the crack pipe, man.
xtreme1002003 7 months ago
I'm seeing many people talking about Obama and Bush. This just shows you're missing the point. The path here was paved by the system, not by any individual. Unsound money, politicians buying elections with taxpayer-funded programs, career legislators, and more.
Simplify, and we'll be OK.
coons7 7 months ago
Guess What????
I got a fever and the ONLY prescription is MORE SCHIFF!!!!!!!!
I gotta have MORE PETER SCHIFF baby!!!!!!!!
rudemood2011 7 months ago
The S&P is just another ogranization run by racist white people
Downgrade credit because of the first black persident is disgusting and they should be tried for hate crimes
hobblehonker 7 months ago
@hobblehonker That's completely ridiculous.
coons7 7 months ago
@coons7 Yeah it is but get ready to hear Al Sharpton or any other black nationalist or person diseased with white guilt start saying that.
blakstar101 7 months ago
@hobblehonker lol. typical for a NIGGER like you to make it about race. lmao. get your black ass of the web and back to the cotton fields you pathetic blue gum smelly NIGGER
cademcnown25 7 months ago
Comment removed
macrofocus1988 7 months ago
@cademcnown25 get this rascist piece of shit off Youtube. some folks are so ridiculously ignorant it gives all white people a bad name. Do you think Peter Schiff needs this shit associated with his videos? SHUT THE HELL UP
macrofocus1988 7 months ago
@macrofocus1988 FUCK YOU .MOTHERFUCKER. go suck some nigger dick you bitch as coal burning nigger lover. you get YOUR bitch ass off you tube punk ass bitch
cademcnown25 7 months ago
@macrofocus1988 DAMN RIGHT I AM A RACIST
cademcnown25 7 months ago
Every one knows the US is really junk status. The US dollar is backed by 14 Trillion dollars of debt.
SpaceWalkTraveller 7 months ago
You should really have your own TV show by now and kick Jim Cramer to the curb! Americans need to hear the truth regardless if they like it or not. IMO
LocalAutosOnline 7 months ago
@fasfsdfasd no man. The US government ruined the nation. Obama can't do anything by himself!
@SchiffReport, the USD taking a dive. Maybe I should put all my debt into USD and wait for it to tank. Then pay it back with my AUD income :) I'll be debt freee!
me0wzilla 7 months ago 2
@fasfsdfasd Oh no! its another GOP SHILL Will Americans be too stupid to realize you are being paid? Survey says yes.
Asahi100percent 7 months ago
by real economic indicators and by definition we've been in a depression for 3 years now.
Kharmatos13 7 months ago
Another recession?? What happened to the summer of recovery??? Kids, we were never out of the first recession and never were in a depression. You haven't seen a depression... Yet.
dgallegos4201 7 months ago
What has damaged this 'recovery' is a piece of shit congress and a weak as shit presidency. BOTH CLUELESS! These assholes were playing with fire in a dynamite factory and NOW they blame the ratings agency for this downgrade? Fuck you, Washington! You assholes wouldn't know fiscal discipline if it fucked you all night long. You fucking circus clowns look like a bunch of inbred monkeys fucking a football,. RESIGN IN SHAME like you should. Fucking assholes.
Muzzy337 7 months ago
@fasfsdfasd Obama will probably blame Bush (still...after 4 years in office lol), blame the Tea Party, blame Bernanke, blame China (yes - AGAIN lol), say "Progress" and "Change" take time, or a combination of those excuses LOL
1XMarksSpot 7 months ago
@fasfsdfasd
please, the Republican Congress was the one who couldnt "get the bill in time". Congress did not get the bill to the presidents office period. Based on our history, trickle down economics and supply side economics ruined our country.
wtong89 7 months ago
Damn...Peter Schiff is the wisest guy I know!!!
Shocksink 7 months ago
Obama says: US will always be triple A rating ...... LoL! what an ignorant ... f...ing looser ..... Buffet another idiot says: US deserves quadruple rating ...... Where these shitheads come from .... and media, politicians and many others see Buffett as a God ..... kissing up to him all the time ...... what a scheme!
marcinbarto 7 months ago
@marcinbarto
The US is very interconnected with the world economy. Think about it, US rating drop to AA+ cost turmoil in economies around the world. Imagine if US went into default or bankuptcy? The world economy is gone, the world will be sent back to the global depression. S&P rated US A++ right? Did you kow S&P also rated the the Structured Investment Vehicles for banks. They rated them high and guess what. SIV was not safe and started a financial crisis. S&P isa dumb agnecy.
wtong89 7 months ago
@marcinbarto Obama's just in denial.
msmithstud 7 months ago
Playing politics with the debt ceiling and the American economy was a reckless teapublican idea. The president appealled to congress and the American people and warned of the dangers of engaging in such reckless behavior. Well you can all thank your teapublicans for taking a page out of the Rush Limbaugh playbook. It was rush who said he would prefer for America to fail than for Obama to succeed, obviously teapublicans agree!
longdongnegro11 7 months ago
@longdongnegro11 Obama is an enemy to the American people. Just look at the details of his policies thus far. Don't be distracted by his "Tea Party" mirage. Obama is the President - and since 9/11 the executive branch has ALOT of powers.
1XMarksSpot 7 months ago
@1XMarksSpot Obama appealled to congress both in private and in public to raise the debt stealing instead of playing political games with the US economy. Teapublicans want the economy to be f***ed up so they could stand a better chance of defeating Obama in 2012. Their loyalty is to their party and their pockets not to their Country . If congress cant work together for whats best for the Country then this Country is f***ed. period. end of story
longdongnegro11 7 months ago
@longdongnegro11
It is dumbasses like you who pledge loyalty to their racial politics and not to the nation; this results in the election of incompetent fools like Bush and Obama. Raising the debt ceiling is equivalent to asking your credit card company to raise your card limit because you reached the limit and can't pay into it for future expenses. It is just plain idiocracy to propose it and even worse to actually support such policies. If anything, we deserve what's coming!
pogularocky 7 months ago
@longdongnegro11 Appealed? Appealing isn't setting a date for a debt deal to be reached. That's called a demand. All Obama has done is play political games, usurp the Constitution further, line the pockets of his campaign donors, and do even more campaigning. End of Story.
1XMarksSpot 7 months ago
@longdongnegro11 BO wanted to RAISE the debt ceiling from 14.7 trillion to 20+ ... His opposition did not want to add to that anymore and create more of a burden for the next generation. That was where the stalemate was coming from. Two weeks prior to the deadline of Aug 2, there was a proposal that was agreed upon by the Speaker (R) and Democrats which was brought to the POTUS. BO DENIED the proposal and the bargaining went on for the next several days until the 11th hour.
QuoEstVeritasEh 7 months ago
Peter Schiff is always right. Thank you.
TheAspietunes 7 months ago
S&P is wrong. We should be at A+, AA at best. Their reasoning is wrong, being off not by 2 trillion, but by 90 trillion. No tax increases will increase revenue. Nothing short of capping entitlements to 10 years max will do it.
dnissen2012 7 months ago
1.5 trillion dollars a year spent on military offense, the military industrial complex will break the US economy, just like it did in the USSR. We are even fighting the same losing war in Afghanistan.
giovanhagar 7 months ago
@giovanhagar USSR never had a strong economy, it went BK because of the falling oil prices in the 80's. Military was just a factor
ShizjaBe 7 months ago