Where the Spirit of the Lord is, there is Liberty! The wicked flee when noone pursues, but the righteous are bold as a lion. Do NOT associate with those given to Change. The Lord has made all for Himself, Yes, even the wicked for the day of doom. Do NOT be afraid of sudden terror, Nor of trouble from the wicked when it comes, For the Lord will be your confidence, And will keep your foot from being caught. - Proverbs
ok tards below i employ 3 mexicans who are not citizens but are here on work visas they send 3 or 4000 back to their homes a pice in my field there are about another 100 companys that employ 30 to 100 mexicans all who send money home so think thats 12 million so thats just one industry a traveling carnival to be exact so what about all the fast food its probably more then billions but hey none of u lazy asses will fill the jobs that they are taking peter schiff knows what hes talkin about
JuanVoyce... Did you vote for Obama or McCain based on their pretty voices??? I would suggest that you make a well thought-out argument as to why you don't like Libertarian ideals rather than making ridiculous statements. You'll be surprised as to how many people will engage you intellectually rather than poking fun at you. Who knows... Maybe you can actually learn something. Best of luck...
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Do Libertards have congenital voice defects? Could you imagine being tied in a chair and having to listen to Peter Schiff and Ron Paul at high volume? JUST KILL ME, PULLLEEEEESE...
Oh my god, it must be hastle for you then huh? Having to force you self to listen to Peter and Ron Paul. It must also be funny to know that you're only examples of libertarianism, are shown through Ron Paul and peter schiff. It must kill you, that you are forced to be ignorant and not look into both sides of the argument, and only listen to you're sides opinion, because god help us all if you're wrong.
Oh no, this must be a major defeat to me, since I'm libertarian. Because logically, what other libertarians do, I do. Why, if only I would of stumbled on this amazing thought. Thank you. You should see my caring face right now. It's serious.
They would need to be millionaires to send billions back if there were thousands of them. But there are millions of them, so they only need to send a few thousand apiece.
Understanding elementary school level math is good for your brain.
The economy will not improve until the millions of jobs gone overseas come back. The stock market ''rally'' means crap for the citizen of this country.The ''rally'' is the selling off of Our country piecemeal.Universal health care means higher insurance payments for ME. Stabilizing crude oil prices means higher prices at the pump.Hyper-inflation is coming anyway,look at the price of gold?NO JOBS = NO STABILITY!
The income of highly skilled experts does not suffer much from inflation; they simply demand more pay. Functionaries and laborers on the other hand will have to live with less. But perhaps laying tile, or shuffling paper should not pay well.
This comment has received too many negative votesshow
This guy is a librarian loon. We need to stop wasting time on the fantasy of the Libertarian Religion and get busy with reality. The Constitution was crafted with the preservation of wealth and control to be kept in the hands of the wealthy.
We need to take the American government away from corporations and put it in the hands of the citizens.
I haven't been fucked in the ass before so I guess you've lost me.
Come to think about it I've never really felt like that was a threat. Where are you living that's a legitimate fear of yours?
Ok ok I joke I keeeeeed. But before you shoot your mouth off again, go learn some econ. Check out the Austrian School. That way next time, your ass will be covered.
This comment has received too many negative votesshow
The only thing worse than a knuckle-dragging fascist, racist, socially retarded, self centered, greed-proud, nationalistic, violent, right wing nut job? A Libertarian (a covert fascist, racist, socially retarded, self centered, greed-proud, nationalistic, violent, right wing nut job with immaturity and intellectual dishonesty added for freshness!).
Hmmm well I feel you should take another look at where you get your information, because you have a skewed view of what Libertarians stand for. In fact I don't think you have any idea.
Pro tip: After a fit of name-calling, don't claim someone else is immature.
I'm done talking with you and will not respond to any more of your comments.
And even more idiotic and juvenile, that if millionaires had more money poverty would erode and that taxes, unlike any other law, fee or tariff is always extracted at the barrel of a gun and somehow came into being without due process and democratic procedure- only taxes. Taxes, taxes, taxes! No taxes equals responsible citizenship in your poopie diapers world.
The greedy bank & insurance company executives are wicked. How can these sorcerers live with themselves? After stealing & destroying the life savings & incomes of millions of innocent, hard-working families, these greedy executives then reached into the US Treasury & stole 700 billion so they could get back to the Blackjack tables. These so-called capitalists are wretched beyond belief. Only whoreslutters behave with such disgusting lust & greed. These crap-piles are money grubbing sucks.
This comment has received too many negative votesshow
Two gold stars--you managed to work in both racism and red-bating in your support of this Schiff-full-of-shit video. Schiff is begging the 10,000 rally from 6500 not to be real--because he's on the wrong side of it. I guess I do have to thank Schiff for all his pessimism porn--it helped drive the market so low you would have to be a real dumb-fuck not to get back in. Am I getting warm? OBAMA RULES!
So you've make an excellent point that Schiff is a souless money-changer in libertard clothing. So if you think the USA is the "wrong side to be on"--you and Schiff should take a hike. Death to PHONY LIBERTARDS!! (Excuse the redundancy..)
I wasn't aware that investing in foreign stock markets made one soulless, un-American or un-patriotic, but I appreciate you enlightening me on that topic.
Would you recommend me putting my money into CitiGroup and BofA, et al, who your statists and crony buddies in Washington bailed out at the expense of 300 million Americans? Good call.
My "wrong side" comment was a sarcastic shot at your uninformed, dumb-fuck statement.
Isa420 - I recommend that you diversify in American stocks first--and enjoy the rally! Yahoo!! We need your capital here to grow the economy--and create USA jobs and increase USA productivity! (That's what capital does, dumbass.) Now wipe that schiff-eating grin off your face and quit hating America.
JuanVoyce, as Mises said "who are patriots, the Germans who supported the Nazi regime, or the Germans who wanted to liberate Germany from Nazis?". If the USA is ship going down, only foolish nationalist patriots would choose such a irrational route.
Libertarianism is about human freedom, not just freedom for national citizens. Libertarians are humanist first, before they are nationalist JuanVoyce. Phony libertards? I don't think you know what libertarian is.
The Fed wants the dollar down so short the dollar and join in the fun or go long the market till they stop printing money. Rarely is the market this easy to read so take advantage of it.
I think the problem is far greater then you are proposing. First, who or what person or country has that much capital, answer probably no one in the US (hint CHINA). I bet they are the ones purchasing all our globalized companies, alot of US real estate, and commodities.
Goldman Sachs will pay employees on average $700,000 each, now that's what you call a messed up system!!! That's more than what US puppet president is getting. Criminals all over.
I like your message. If you want a preview of what will happen if you let the incompetent fail, look at the latest Latvia / Swedish loans discussion on Max Keiser reports. Consequences is only welcomed when there is gain.
The price of the Dow in inflation adjusted dollars is falling. The number means nothing, it's the value.
Just think, we have had 95% inflation in the dollar since we left the gold standard. So the inflation adjusted Dow is at $500. Which is high I guess. It's about where we were in 1958.
Of course the government lies about inflation, so the real number is probably much much lower.
funny you didn't mention the defense budget, federal reserve collecting interest on every dollar they make, rather it be in paper or digitally, and the support,contractors for the war effort. Not too mention the tax cuts from the top 1% during a time of undeclared wars,and military actions in the middle east and Africa.
The whole truth from someone at one time would be appreciated. Good post though just missing a lot of more legitimate things to complain about in the financial markets.
GIve that man a prize! Not many "common" people make the connection between the falling USD and assets priced in USD going up (Gold, Oil, US stocks, etc)
Cant we recycle old newspapers and magazines and use that paper to print money from? I think we should really be looking at this as a greenshoot idea. If we just keep using new pulp from forested trees, we'll eventually run out of trees... And I think we need to make all the credit card companies use plastics from recycled soda bottles and milk jugs,
and maybe some of the vinyal car seats sitting in the auto wrecking yards.
I hope you all got at least a small chuckle from this.
I don't think she's naked, first you see her in a sun dress, then you can see the straps to her bikini top when you see her again. What great way to work Schiff.
Peter Shiff ... if you hate so much the idea that the Dow is back to 10,000, I can take your part of 401k between January (Bush = Dow at 7,000) and now. I don't feel insulted by this growth at all. If you spit on your money I can collect it .. seriously
Peter Schiff speaks the truth. For the next several years Gold is going up and the dollar is going down. That is a fact. If you have money you need to listen to him. Some of you dumb shits making comments probably don't have a dime so don't worry about it.
A big reason this is "no big whoop" is because, with the QE inflation factors it's really only DOW7500 control w/dollar index to1998 when we first had DOW 10,000. In gold it's even more.
So if we were even still in slower "boom" time instead of the collapse, we would be at DOW 18,000, today's dollar.
Point is, we need more solid DOOM Peter if we're going to head back down to 8000 or worse.
Anyone notice the hot chic running up the stairs in the background at 3:17. Is Schiff banging some models with his new found Senate candidate fame/power?
For your Government a dollar week means easy export, so means possibility to produce and restart your international market. Unfortunately for US, the most goods are made in china/europe and you r going to import inflation. Plus if u consider that the biggest US production is nothing (I mean fantasy finance, software, tv, movie) material but only dreams, I'm so sorry for you guys but you are preparing the field for a second dramatic crisis. And i'm not sure if this time you r going to be saved.
u ll tell me the day when in your country there ll be a revolution cause people lost the roof where to sleep under, and only few US person made money with banks/mortgage and the most of the countries properties/industries ll b in the hand of foreign cause of the euro power. u ll tell if you "American Dream" became an "American Nightmare"
The super power is in Asia and some places like Chile in south America as for as the United states go it would be better off split up in to about
3 countries like ever empire before it it will fail week dollar dont help in no way for we make and export almost nothing and so meny are at reterment age and will be on fixed income all hell is going to break out in the usa
Giving everyone health care saves money! Everyone needs to stop thinking short term. The cost of preventing sickness is far cheaper than treating it. Getting the country healthier by making sure everyone has access to doctors at all times not just when they're sick, saves money long term.
AZ / CB: This is exactly what I did. I got back most of my IRA and then opened a brokerage IRA account and moved 25% out of stocks and bought silver bullion. I had to pay a small fee for the buy and a fee for storing the bullion, but I didn't want to take the early withdrawl penalty - yet.
The nominations had to be in for the Nobel Prize 12 days after Obama was in office. In those 12 days he ordered for more drones to bomb Pakistan, which ended up killing civilians. Still nation building.
Just look at some other Presidents who won the prize. Woodrow Wilson... he destroyed the Constitution and began the move to destroy the State's sovereignty. But he did make the League of Nations.
It's obvious that this prize is now used to promote Globalism and more power to the United Nations.
I wonder what tha weak dollar will do for our trade with China, maybe after inflation affects consumers China will let their money have its true value. I think its better to invest dollars in Chinese money than gold. Why do some people say its bad to print money to help people, most of the defecit I think is caused by the war. The middle class is going to get screwed anyway no matter what happens, I think this was the neocon plan to destroy the middle class and join us with Mexico.
So I guess a year ago I was supposed to go long the market and short the dollar?
grahammj 1 year ago
Question: are illegal drugs traded or relevant in stock market trading?
cruzrob72 1 year ago
Is Schiff taking pac money?
marieatthelake 1 year ago
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Where the Spirit of the Lord is, there is Liberty! The wicked flee when noone pursues, but the righteous are bold as a lion. Do NOT associate with those given to Change. The Lord has made all for Himself, Yes, even the wicked for the day of doom. Do NOT be afraid of sudden terror, Nor of trouble from the wicked when it comes, For the Lord will be your confidence, And will keep your foot from being caught. - Proverbs
FEAR NOT, PRAY FOR YOUR ENEMY - Jesus
See NWO Solution
AwisemanisStrong 1 year ago
There's a hot chick to the left of his head @ 4:48. Great video BTW, this guy is a real voice of reason in a world of insanity
BikiniBabe1985 2 years ago 5
@BikiniBabe1985 was she naked go pete!!!
lance627 1 year ago
I had a dream last night that the Dow fell to 2,000 pts
Seano71 2 years ago
You kidding me? his funds are in the shitter
robb1031 2 years ago
I feel sorry for you. You seem to be very confused.
bobjman 2 years ago
This has been flagged as spam show
Please post some statistics.
FUZZYisBIG 2 years ago
ok tards below i employ 3 mexicans who are not citizens but are here on work visas they send 3 or 4000 back to their homes a pice in my field there are about another 100 companys that employ 30 to 100 mexicans all who send money home so think thats 12 million so thats just one industry a traveling carnival to be exact so what about all the fast food its probably more then billions but hey none of u lazy asses will fill the jobs that they are taking peter schiff knows what hes talkin about
stevieianni 2 years ago
I think the dow will go up and then will go down and visa versa.
LittleNiggerMonkey 2 years ago
Kind of good thinking but could be also foreign investors driving it up let's just wait and see! No need to talk inflation at this point!
AlGhaffar 2 years ago
This comment has received too many negative votes show
it's too bad Schiff can't admit he's wrong...just like Bush...and we all know how that turned out.
FoShizzle951 2 years ago
Would you mind being more specific? What exact statements he's made are wrong and for what reason?
Tiikuri 2 years ago
Schiff isn't wrong. He's been right for over 10 years.
bajoverga 2 years ago 8
what does that even mean?
LittleNiggerMonkey 2 years ago
FoShizzle951
Schiff is not wrong. The dollar is making record lows, we have record debt, foreign nations DONT want to lend us any more money.
One last thing.
THE DJIA does NOT REPRESENT OUR ECONOMY.
EndTheFedRes 2 years ago 12
thank god i don't live in this losers state
jax1492 2 years ago
Schiff for Senate. Remove Dodd, the thieving hack.
HarrySeeword 2 years ago 4
Peter, who's the hottie upstairs?
monteirvin 2 years ago
Awesome observation!
BlowfishFunk 2 years ago
JuanVoyce... Did you vote for Obama or McCain based on their pretty voices??? I would suggest that you make a well thought-out argument as to why you don't like Libertarian ideals rather than making ridiculous statements. You'll be surprised as to how many people will engage you intellectually rather than poking fun at you. Who knows... Maybe you can actually learn something. Best of luck...
Torcehorse 2 years ago
The people do not elect a President, Electors do.
milliradian 2 years ago 4
We should leverage long in this stock market. It is the best way to make money.
megahoed 2 years ago
This comment has received too many negative votes show
Do Libertards have congenital voice defects? Could you imagine being tied in a chair and having to listen to Peter Schiff and Ron Paul at high volume? JUST KILL ME, PULLLEEEEESE...
JuanVoyce 2 years ago
Oh my god, it must be hastle for you then huh? Having to force you self to listen to Peter and Ron Paul. It must also be funny to know that you're only examples of libertarianism, are shown through Ron Paul and peter schiff. It must kill you, that you are forced to be ignorant and not look into both sides of the argument, and only listen to you're sides opinion, because god help us all if you're wrong.
Betty5150 2 years ago
Betty Boop - My comment has been censored...by Libertarians! What we have here is an irony deficiency.
JuanVoyce 2 years ago
Oh no, this must be a major defeat to me, since I'm libertarian. Because logically, what other libertarians do, I do. Why, if only I would of stumbled on this amazing thought. Thank you. You should see my caring face right now. It's serious.
Btw, wtf is a betty boop?
Betty5150 2 years ago
with the government taking our money and shitting it away and illegals sending billions and billions to there countrys .....we are scewed
sparky41684 2 years ago
Lol you really think illegals are sending billions back to their countries??
What do you think they are, fucking millionaires??
trehansen 2 years ago
you are really a dumb ass theres 15 million illegals in this country it adds up
sparky41684 2 years ago
They would need to be millionaires to send billions back if there were thousands of them. But there are millions of them, so they only need to send a few thousand apiece.
Understanding elementary school level math is good for your brain.
vysehrad 2 years ago 2
so far, schiff seems to make the most sense to me. Dow up, everything else up. BUT dollar down.
With other words. if they dollar went up the rest would go down
commonsense2008 2 years ago
The economy will not improve until the millions of jobs gone overseas come back. The stock market ''rally'' means crap for the citizen of this country.The ''rally'' is the selling off of Our country piecemeal.Universal health care means higher insurance payments for ME. Stabilizing crude oil prices means higher prices at the pump.Hyper-inflation is coming anyway,look at the price of gold?NO JOBS = NO STABILITY!
328jiburt 2 years ago 2
In OH; here, they`re not coming back. They`re in india and China.
idontbakenocookies 2 years ago
Comment removed
JuanVoyce 2 years ago
Another day, another bullshit rally, dollar down.
redxii1234 2 years ago
hehheh, music to my ears, and more wealth to my name :-)
What's not to love about that!
Was that another high in gold too?
So what's with the martyr JuanVoyce? He needs to get over himself in a bad way.
TraderSteveR 2 years ago
The bailout $ is whats padding the stock market in order to make people invest again. The market will bottom out again, much lower than last time.
nirbmtrREEEPR 2 years ago 3
The income of highly skilled experts does not suffer much from inflation; they simply demand more pay. Functionaries and laborers on the other hand will have to live with less. But perhaps laying tile, or shuffling paper should not pay well.
augieaugie2 2 years ago
This comment has received too many negative votes show
Tune in for next week's video:
Inflation 1% - So what?
And, looking ahead, we are already in production on the video for October 2011:
Unemployment 4% - Who cares?
and in 2013:
Balanced budget - Who gives a flying fuck?
ReliableInsider 2 years ago
Libertarian Religion?
bonth54 2 years ago
ayn rand
robb1031 2 years ago
This comment has received too many negative votes show
This guy is a librarian loon. We need to stop wasting time on the fantasy of the Libertarian Religion and get busy with reality. The Constitution was crafted with the preservation of wealth and control to be kept in the hands of the wealthy.
We need to take the American government away from corporations and put it in the hands of the citizens.
robb1031 2 years ago
Pretty sure that's what libertarians are fighting for...
qerplonk 2 years ago
no they want to let the corporations run free and continue to fuck us in the ass. We tried that and here we are.
robb1031 2 years ago
I haven't been fucked in the ass before so I guess you've lost me.
Come to think about it I've never really felt like that was a threat. Where are you living that's a legitimate fear of yours?
Ok ok I joke I keeeeeed. But before you shoot your mouth off again, go learn some econ. Check out the Austrian School. That way next time, your ass will be covered.
qerplonk 2 years ago
This comment has received too many negative votes show
The only thing worse than a knuckle-dragging fascist, racist, socially retarded, self centered, greed-proud, nationalistic, violent, right wing nut job? A Libertarian (a covert fascist, racist, socially retarded, self centered, greed-proud, nationalistic, violent, right wing nut job with immaturity and intellectual dishonesty added for freshness!).
robb1031 2 years ago
Hmmm well I feel you should take another look at where you get your information, because you have a skewed view of what Libertarians stand for. In fact I don't think you have any idea.
Pro tip: After a fit of name-calling, don't claim someone else is immature.
I'm done talking with you and will not respond to any more of your comments.
qerplonk 2 years ago 3
And even more idiotic and juvenile, that if millionaires had more money poverty would erode and that taxes, unlike any other law, fee or tariff is always extracted at the barrel of a gun and somehow came into being without due process and democratic procedure- only taxes. Taxes, taxes, taxes! No taxes equals responsible citizenship in your poopie diapers world.
Somalia calls!
Go and show us how its done!
robb1031 2 years ago
@robb1031 You have to love it when the nice people, the good people..are as hateful and vile as yourself...It is nice to see- keep it up please.
jsmythib 1 year ago
Anyone who is listening to Schiff tends to have some understanding of Austrian economics.
FUZZYisBIG 2 years ago
3:17.. hot chick runs up stairs in nighty...
4:48... hot chic runs down stares naked!
wickedgoodtrader 2 years ago
keen eyes my friend.
DNATS 2 years ago
Ditto
robb1031 2 years ago
well spotted..GO PETER!
whittonmatt 2 years ago
The greedy bank & insurance company executives are wicked. How can these sorcerers live with themselves? After stealing & destroying the life savings & incomes of millions of innocent, hard-working families, these greedy executives then reached into the US Treasury & stole 700 billion so they could get back to the Blackjack tables. These so-called capitalists are wretched beyond belief. Only whoreslutters behave with such disgusting lust & greed. These crap-piles are money grubbing sucks.
pig5689 2 years ago
Oh God more Left-Right paradigm nonsense on the comments. When are people going to wake up and start looking at things from the up-down paradigm?
shyster310 2 years ago 3
The much ridiculed book "DOW 36 000" may yet turn out to have been correct, in a perverse way.
soylentgreenb 2 years ago
END
THE
FED
atlgothchick 2 years ago 2
Peter, love your stuff. Very insightful.
However, on the health care issue, you are wrong. Both morally and economically.
judoyodan 2 years ago
This comment has received too many negative votes show
Two gold stars--you managed to work in both racism and red-bating in your support of this Schiff-full-of-shit video. Schiff is begging the 10,000 rally from 6500 not to be real--because he's on the wrong side of it. I guess I do have to thank Schiff for all his pessimism porn--it helped drive the market so low you would have to be a real dumb-fuck not to get back in. Am I getting warm? OBAMA RULES!
JuanVoyce 2 years ago
JuanVoyce, are you that fucking stupid?
itachi705 2 years ago
FYI, the foreign stock markets that Schiff owns have gone up significantly more than the U.S. markets. That is definitely the wrong side to be on.
lsa420 2 years ago
"FYI, the foreign stock markets that Schiff"
So you've make an excellent point that Schiff is a souless money-changer in libertard clothing. So if you think the USA is the "wrong side to be on"--you and Schiff should take a hike. Death to PHONY LIBERTARDS!! (Excuse the redundancy..)
JuanVoyce 2 years ago
Thanks for the intelligent response, Juan.
I wasn't aware that investing in foreign stock markets made one soulless, un-American or un-patriotic, but I appreciate you enlightening me on that topic.
Would you recommend me putting my money into CitiGroup and BofA, et al, who your statists and crony buddies in Washington bailed out at the expense of 300 million Americans? Good call.
My "wrong side" comment was a sarcastic shot at your uninformed, dumb-fuck statement.
lsa420 2 years ago 3
Isa420 - I recommend that you diversify in American stocks first--and enjoy the rally! Yahoo!! We need your capital here to grow the economy--and create USA jobs and increase USA productivity! (That's what capital does, dumbass.) Now wipe that schiff-eating grin off your face and quit hating America.
JuanVoyce 2 years ago
JuanVoyce, as Mises said "who are patriots, the Germans who supported the Nazi regime, or the Germans who wanted to liberate Germany from Nazis?". If the USA is ship going down, only foolish nationalist patriots would choose such a irrational route.
PontiffMystic 2 years ago 3
Congratulations, Pontiff--If you think this is Nazi Germany...you are true-blue Libertard!
JuanVoyce 2 years ago
Schiff is actually trying to prevent the ship from sinking, and actually trying to make it float JuanVoyce.
PontiffMystic 2 years ago
Libertarianism is about human freedom, not just freedom for national citizens. Libertarians are humanist first, before they are nationalist JuanVoyce. Phony libertards? I don't think you know what libertarian is.
PontiffMystic 2 years ago 2
Comment removed
JuanVoyce 2 years ago
Suggest you not try to explain a stock market move that you didn't predict--makes you look like a phony.
JuanVoyce 2 years ago
The end. God Bless America. You have been sweet. good night
MayonR 2 years ago
Comment removed
goodagofilms 2 years ago
The Fed wants the dollar down so short the dollar and join in the fun or go long the market till they stop printing money. Rarely is the market this easy to read so take advantage of it.
IWashMyOwnBrain 2 years ago
up but sheeple dont understand
wolf123457 2 years ago
I think the problem is far greater then you are proposing. First, who or what person or country has that much capital, answer probably no one in the US (hint CHINA). I bet they are the ones purchasing all our globalized companies, alot of US real estate, and commodities.
noodleonoodle 2 years ago
Nice ass BTW! (presupposition of perception)
RichardD42 2 years ago
Goldman Sachs will pay employees on average $700,000 each, now that's what you call a messed up system!!! That's more than what US puppet president is getting. Criminals all over.
mechanicalengineer3 2 years ago
I like your message. If you want a preview of what will happen if you let the incompetent fail, look at the latest Latvia / Swedish loans discussion on Max Keiser reports. Consequences is only welcomed when there is gain.
RichardD42 2 years ago
Great video Pete. 5 stars & a subscription.
TPBass1224 2 years ago 3
Great video Mr. Schiff
madcatzy 2 years ago 3
the p/e rate of the dow , is shows you how over priced it is
bookbinder66 2 years ago
This comment has received too many negative votes show
The cdow will hit 12,000 come december
and all the idiots buying gold will look like they did when they bought it
idiots
LookAtTheWookie 2 years ago
I bought gold at 744 two years ago. I guess I must be one of the idiots you refer too.
krokion 2 years ago 2
wow you made a few bucks.
congrats
LookAtTheWookie 2 years ago
The price of the Dow in inflation adjusted dollars is falling. The number means nothing, it's the value.
Just think, we have had 95% inflation in the dollar since we left the gold standard. So the inflation adjusted Dow is at $500. Which is high I guess. It's about where we were in 1958.
Of course the government lies about inflation, so the real number is probably much much lower.
fluff125 2 years ago 2
This comment has received too many negative votes show
Only morons buy gold
its overpriced and is used as a scare tactic for dumbasses who think the world is ending
sure 1000 an ounce for gold that will be there when Im 90
wow great investment
LookAtTheWookie 2 years ago
Mr Schiff is a genious, and he knows what he's talking about.
kingofusers 2 years ago 2
This comment has received too many negative votes show
Peter Schiff is an idiot.
shahen13 2 years ago
Dollars going to crash soon. Your wrong.
iDIMi 2 years ago 2
how will the dollar crash?
Today I bought my breakfast for 5 dollars
they seemed to be happy to take my money and feed me
are you stupid?
LookAtTheWookie 2 years ago
uh lookatthewookie i don't think they were that happy to take 5 dollars when they could have taken 10 instead....
plumflowerblossom 2 years ago
funny you didn't mention the defense budget, federal reserve collecting interest on every dollar they make, rather it be in paper or digitally, and the support,contractors for the war effort. Not too mention the tax cuts from the top 1% during a time of undeclared wars,and military actions in the middle east and Africa.
The whole truth from someone at one time would be appreciated. Good post though just missing a lot of more legitimate things to complain about in the financial markets.
genefire 2 years ago
well whats with the naked women at 4:50?
indianpatriot 2 years ago 2
jahaha, hillarious, nobody saw that comming.
Ilovedachau 2 years ago
lol
gumdokim 2 years ago
BINGO!
GIve that man a prize! Not many "common" people make the connection between the falling USD and assets priced in USD going up (Gold, Oil, US stocks, etc)
Glad Mr Schiff you brought this issue to light.
Mike
Ineedtoshortenmyname 2 years ago
if i had any money i would have invested in gold and silver years ago.
Celticsbball15 2 years ago
Cant we recycle old newspapers and magazines and use that paper to print money from? I think we should really be looking at this as a greenshoot idea. If we just keep using new pulp from forested trees, we'll eventually run out of trees... And I think we need to make all the credit card companies use plastics from recycled soda bottles and milk jugs,
and maybe some of the vinyal car seats sitting in the auto wrecking yards.
I hope you all got at least a small chuckle from this.
behearsoon 2 years ago
haha i was thinking to myself 'please tell me this comment is a joke' the whole time i was reading it. well done lol
Celticsbball15 2 years ago
I don't think she's naked, first you see her in a sun dress, then you can see the straps to her bikini top when you see her again. What great way to work Schiff.
enacku 2 years ago
good luck with your election!!!
PatricksTime 2 years ago
Peter Shiff ... if you hate so much the idea that the Dow is back to 10,000, I can take your part of 401k between January (Bush = Dow at 7,000) and now. I don't feel insulted by this growth at all. If you spit on your money I can collect it .. seriously
MrFreedomdemocracy 2 years ago
He doesn't invest in the dow MrF, so there would be no gains to collect.
enacku 2 years ago
Then I can take your part of 401k ... not insulted either
MrFreedomdemocracy 2 years ago
MrF, I don't have a 401k, I just buy shares of AUY, a Canadian mining company. And no you can not have part of it.
enacku 2 years ago
I swear. It seems like some people are willing the market to crash.
DrLeroyGreen 2 years ago
Yo dood there is still naked woman in the window behind you at 4:48 minutes into your video!
richarddbeck 2 years ago
True! lol what :D
Hypnosiz 2 years ago
Is that a reflection from the direction Schiff is looking at richarddbeck?
enacku 2 years ago
Peter Schiff speaks the truth. For the next several years Gold is going up and the dollar is going down. That is a fact. If you have money you need to listen to him. Some of you dumb shits making comments probably don't have a dime so don't worry about it.
naggold 2 years ago
fear monger fear monger is what you call him
MrMrbobblehead 2 years ago
hes probably mad their going to start taxing him like they tax us
MrMrbobblehead 2 years ago
what yall broke even and are mad
MrMrbobblehead 2 years ago
The regular non-informed idiots will think the econmy has turned around. I seriously think basic economics should be required in school!
robm425 2 years ago
It's moving in the right direction. Why must you be so negative. you talk like it's better when it's under 10,000.
diah4 2 years ago
You didn't listen to a word he said, did you?
Burningphoenix888 2 years ago 2
when I got tired of the negative remarks, I moved on. What's your point.
diah4 2 years ago
If you are a U.S business importing goods from abroard, you are seeing inflation in action as the dollar buys less and less.
antihistrymeme 2 years ago
Vote Schiff 2010!!
Anth104 2 years ago 3
only rich people care about inflation
matchbox555 2 years ago
your kidding me right?
i barely peak 10k a year and im worried about this.
inflation could fucking break me/my wife and we're only 24 working as close to fulltime as our jobs will let us.
alucardisdumb 2 years ago
it is exactly the other way arround, people with small and fixed income are getting hurt the most by inflation.
Krampfarsch 2 years ago
This has been flagged as spam show
any guys want to do to it? 19 here just bored silly
mariamakenzie287 2 years ago
Peters wife at 2:38 - 2:43
haha :P
RyanB0011 2 years ago
This has been flagged as spam show
4:48 Peter must address that in his next video, no matter how bad the economy gets. ;)
abola2121 2 years ago
Comment removed
abola2121 2 years ago
Gun Control is Bullshit
339svq 2 years ago
man,good thing we're talking about money here. =/
alucardisdumb 2 years ago
A big reason this is "no big whoop" is because, with the QE inflation factors it's really only DOW7500 control w/dollar index to1998 when we first had DOW 10,000. In gold it's even more.
So if we were even still in slower "boom" time instead of the collapse, we would be at DOW 18,000, today's dollar.
Point is, we need more solid DOOM Peter if we're going to head back down to 8000 or worse.
YankeeGlacier 2 years ago
Comment removed
1217jesss 2 years ago
US is to world as Iceland is to EU? Not exactly...
Why can't we just have 'asymmetrical' inflation/deflation effects on different sectors of price and assets?
YankeeGlacier 2 years ago
word... i saw people jumping up and down cause DOW went over 10000.
samin62 2 years ago
i like the citations you used.
Maziyar 2 years ago
She's definitely wearing a swimsuit... at most. Maybe Peter was at a beach club house somewhere.
gus4gus 2 years ago
Anyone notice the hot chic running up the stairs in the background at 3:17. Is Schiff banging some models with his new found Senate candidate fame/power?
NINEZeROeR 2 years ago
watch the bobby korteta show
korteta 2 years ago
For your Government a dollar week means easy export, so means possibility to produce and restart your international market. Unfortunately for US, the most goods are made in china/europe and you r going to import inflation. Plus if u consider that the biggest US production is nothing (I mean fantasy finance, software, tv, movie) material but only dreams, I'm so sorry for you guys but you are preparing the field for a second dramatic crisis. And i'm not sure if this time you r going to be saved.
danieletagliabue 2 years ago 2
We exported Foxy Roxy to your country
bilpayne 2 years ago
u ll tell me the day when in your country there ll be a revolution cause people lost the roof where to sleep under, and only few US person made money with banks/mortgage and the most of the countries properties/industries ll b in the hand of foreign cause of the euro power. u ll tell if you "American Dream" became an "American Nightmare"
danieletagliabue 2 years ago
The super power is in Asia and some places like Chile in south America as for as the United states go it would be better off split up in to about
3 countries like ever empire before it it will fail week dollar dont help in no way for we make and export almost nothing and so meny are at reterment age and will be on fixed income all hell is going to break out in the usa
bilpayne 2 years ago
Inflation? Uh, we are currently in a deflationary cycle, whoever short lived that may be.
Scubagolf007 2 years ago
inflation is the expandtion of money supply, and currently we have massive inflation
the question is: when will the inflation raise the prices of goods and services. thats what we currently see in gold and other commodities
Krampfarsch 2 years ago
were amercia NOT MOST nation
Maziyar 2 years ago
Lmao, you're a moron.
rewardilicious 2 years ago
Giving everyone health care saves money! Everyone needs to stop thinking short term. The cost of preventing sickness is far cheaper than treating it. Getting the country healthier by making sure everyone has access to doctors at all times not just when they're sick, saves money long term.
akfak0retlaw 2 years ago
Are you nuts?Look at the CBO report and tell me we will save money!
killergames187 2 years ago
dow 10000 unemployment 10 percent go figure
Maziyar 2 years ago
10% unemployment isnt really that bad for MOST nations ; /
lostcause31 2 years ago
10%?Try 17% your not looking at the real number's!
killergames187 2 years ago
I was responding to what someone else said. Also you're not your ;[
lostcause31 2 years ago
AZ / CB: This is exactly what I did. I got back most of my IRA and then opened a brokerage IRA account and moved 25% out of stocks and bought silver bullion. I had to pay a small fee for the buy and a fee for storing the bullion, but I didn't want to take the early withdrawl penalty - yet.
facethesouth 2 years ago
Comment removed
garyayers 2 years ago
Probably his girlfriend from 4th july Hartford video
tommy6238 2 years ago
This comment has received too many negative votes show
Wow a Political hack talking numbers and finacial markets.
This guy will fit in good with the Washington elite.
LookAtTheWookie 2 years ago
look a little deeper.
deahunt 2 years ago
dont be gay
LookAtTheWookie 2 years ago
Even tho Gold has taken a hit today, it looks like it is getting ready for another rally.
It looks like people are beginning to understand this is inflation.
Vunks2000 2 years ago
heyyyy jigsaw
Leively 2 years ago
ya idk and maybe people on this channel will WHY ON EARTH DID HE GET THE NOBEL PEACE PRIZE? seriously how did they justify that i mean?
itsMEjakeyT 2 years ago
he did some really important nuclear talks with the United Nation
but yeah, nothing worthy of a nobel prize
shevah2 2 years ago
The nominations had to be in for the Nobel Prize 12 days after Obama was in office. In those 12 days he ordered for more drones to bomb Pakistan, which ended up killing civilians. Still nation building.
Just look at some other Presidents who won the prize. Woodrow Wilson... he destroyed the Constitution and began the move to destroy the State's sovereignty. But he did make the League of Nations.
It's obvious that this prize is now used to promote Globalism and more power to the United Nations.
elitebanktyranny 2 years ago
A lot of good points. Thanks for posting.
mattmgmhs 2 years ago 2
This comment has received too many negative votes show
you guys should thank president obama*******haterz
AnthonyNews 2 years ago
thank him for winning the nobel peace prize for NOTHING, thank him for doing nothing but taxing us in his first 9 months? hell no.
supershiva11 2 years ago
Thank you obama, for placing the nation in oppressive debt and expanding the war in afghanistan............happy now?
MrSkaramanga 2 years ago 3
I wonder what tha weak dollar will do for our trade with China, maybe after inflation affects consumers China will let their money have its true value. I think its better to invest dollars in Chinese money than gold. Why do some people say its bad to print money to help people, most of the defecit I think is caused by the war. The middle class is going to get screwed anyway no matter what happens, I think this was the neocon plan to destroy the middle class and join us with Mexico.
CSHOOLIGAN 2 years ago
Viva la US peso!!
jmk1a1 2 years ago 2
Im so tired of all these people and their views of where the market will.
6 months ago you had people saying the dow was going to 3,400 .
Nobody knows. If anyone does they are lying. If everyone knew when the market will turn we would all be billionaires.
LookAtTheWookie 2 years ago
The biggest long-term threat to the USA is to become energy independent.
Jacobrester 2 years ago
Hi all send video resumes to me with permission in more info areato repost.
Also, looking for donations to launch via pay pal. Thanks
globalinterviewsnow 2 years ago
this dude aint in the northeast..
ourpangea 2 years ago
Looks like gold is going to take a hit today, people still don't understand yet.
Vunks2000 2 years ago
anyone who invest in gold is going to lose big time.
Its overpriced and the is being hyped up
as something that is going to protect you from something that isnt going to happen.
When I think of Gold I think of Y2K freaks who bought duck tape and batteries and canned soup
LookAtTheWookie 2 years ago
And when I think of dumb asses that will soon be shit out of luck I think of LookAtTheWookie.
Gold is overpriced?
Are you really THAT stupid or is it a genetic thing?
Burningphoenix888 2 years ago 2