Peter Schiff On CNBC Dec.29, 2008

[IntelligentCreature]

geez...

i knew this was coming since 2006...it does not take a genius to see the signs of government manipulation...

[t4705mb6]

I find it upsetting that EVERYONE now refers to our representatives as the "government". It took a while but pretty much all Americans now believe that THEY are RULED by the people they elect to REPRESENT their wishes. Somehow, over the decades, the rulers of the U.S., the American PEOPLE, have been led to believe that "officials" in Washington tell THEM what to do. Write your "representatives" on ANY issue with which you don't agree & you will receive a form letter saying "TOUGH!".

[joshd321]

Did that idiot in the glasses really say "supposebly"? (2:06) 'Nuff said.

[commonsense2008]

We are not talking about a Socialist but a fascist government. Socialism is designed for the people, not just for the rich people.

[erniexie]

"Let me jump in Peter! Let me finish Peter!" Will these twats (Busch) ever learn the proper respect for a guy who's been right time after time? Why should we listen to people who aren't even smart enough to realize they're the latest pack of jerks to argue with Schiffy then disappear after he's proven right once again?

[rendubot]

took the words right out of my mouth nice comment they ganged up on him when they saw that he was going to be too real for them.

[strongblackwoman22]

Schiff is right....you can't counter freemarket fluctuations with socialist government control, regulation or interjection and have it have the pliability necessary for the market to be the self healing organic thing it is intended to be.....history is clear about the result of two conflicting economic policies colliding.......it takes longer than neccessary to fix....it is either one or the other....and it took freaking WW2 to end the decade long stagnation that resulted.

[plodej]

@bluehorse888 you're an idiot. He knows because he studied the right economics. You can too, but you chose to listen to those morons from MSNBC. Congratulations, you fail.

[buckwilliee]

wow. one man against a bunch of morons who've lost their money are expecting to loose more without a government bailout.

[styleomatic]

Andy in the glasses is a network socialist talking head. "Federal regulation is coming.." "There are 4 federal agencies looking at banks right now, we need to take that down to one" Then he goes on to he's advocating "LESS REGULATION!" By letting ONE federal agency to oversee the finance sector? He says we don't have a choice. Peter says we have to resist. He openly laughs when Peter says the Gov't is at fault. This is PROPAGANDA to make Peter's idea's seem ridiculous. YOUR"RE BEING MANIPULATED

[eydaimon]

Man, this is the worst possible news. When it's not going to be sunshine and lollipops, it's BAD. I mean, sunshine without lollipops is NOTHING :(

[ronpauljimrogers]

Cut defense budget 50% (pull all troops home);  remove all personal and small bus income tax; These two actions alone revive the economy and give people real incentive to work again.

(Take a breath) Forgive all HELOC in U.S. (They're toast anyway. Peter Schiff's idea.)

(Put on your thinking caps) Retool U.S. light industry for zero point energy (home generators $4000, run free. Troy Reid's 3x auto engine, Joseph Newman's power generators.)

THINK.

- ron and jim

[codernur]

Seems those shills know that socialism is the wave of the future and want Peter to join them.

Can't this country learn from watching socialism fail in Russia or do they have to sink us all?

[WTFaboutWTC7]

watch?v=vVkFb26u9g8

The REAL owners of this country are responsible for this shit...

[ParapaDrifter]

way to treat the symptom and not the disease... that is a strange paradigm that shows up all too often in our braindead society.

[leevi1234]

And again. The one who speaks the truth and offers a solution (this time him even being right in the past on many issues) is quieted down. These are not conversations these are bickerings. This is jerry springer for a little bit more intelligent audience.

Just as capitalism replaced feudalism, capitalism itself will be displaced by communism, a stateless, classless society which emerges after a transitional period. These are not my arguments but some santa lookalikes.

[cpswyl2]

Is there a perfect system? It'll probably be that whilst addressing some problems over here issues will start popping up over there. Peter's riding a wave of righteousness now, but I wonder where the holes in the concept 'free-market rules' are? Has it ever existed in practice? Show me how great it was. When we're talking economics we're talking human behaviour - humans - the most paranoid schizophrenic species ever to inhabit this planet I woudnt wonder 8D

[faanunu]

We won't know till we try... we've already tried humans in government interfering in buisness and what is it doing. Bailouts... more inflation and destruction of the dollar... if big business were allowed to fail then smaller ones would take it's place.

[Nihility83]

He has proven himself and still these morons won't listen to him. He predicted what was gonna happen when all others said we were fine and now that his warnings have come to fruition they still don't understand. Why are we (the government and the mobs) not able to learn from our past?

[faanunu]

Cause we watch too much TV and believe the mob and big brother know better... when in reality they don't know crap... all government tries to do is pretend to do something even if it is the worst solution on the planet. Tthe mobs fall for the smooth tongues of those bureacratic scum.

[bluehorse888]

Of course he knew what was going to happen, his bloodline is interbre with all the other mega-power brokers. Bakers, rothschilds, warburgs...you think they don't know whats going on? and he's absolutley right about federal reserve policy...is it going to get better? not with a federal reserve man as your new secretary of treasury! lol

America is drowning, he's just describing the water...

[controlpopulation]

I have come to the conclusion that most people are afraid of freedom. They don't like the responsibility of taking care of themselves. Unfortunately that is now 80% of America.

[ImyManz99]

"I have come to the conclusion that most people are afraid of freedom. They don't like the responsibility of taking care of themselves. Unfortunately that is now 80% of America."

Best comment I've read in a while.

[dreiss]

Just remember, this guy Peter Schiff manages funds that lost more than 65% of their value in the last year. If he had done nothing, even with the market collapse, he would only have lost 40%. So, he made issues worse for people who followed his advice.

Sure, he predicted the neighborhood was going to burn down in the great fire. But his answer to the problem isn't to call the fire department, but instead to set-off a bunch of nuclear weapons throughout the area, and you think that is good?

[gwohlproductions]

65% loss by Schiff's firm is nothing compared to most investment firms that placed their faith into the US dollar, the stock market, and risky ARM and sub-prime backed securities. Everybody lost money, but Peter's wealth will remain much more steady due to the process of decoupling, a concept you clearly don't understand.

Your nuclear analogy could not be further off base. The nukes are being set off by the fed by pumping an astronomical amount of false liquidity into the market.

[MooseOfReason]

dreiss, I love how you throw around made-up numbers so you can call Schiff wrong.

[EdMan2012]

wrong... If your figures are correct, what is 65% loss compared to bankruptcy? The company isn't broke, and it will adjust accordingly. Many financial institutions hurt, but only those that understand true Mises economics, not Keynesian, will know how to survive.

[cowboy1165]

These people arguing with Peter are MORONS.the guy in the (bottom right) wants us to follow the same FAILED policies that are now reaching a cliff. He's saying be real Peter we can't change our direction but we can slow the pace to our demise. The idiot in the top left obviously does not know history. It was government policies again that first stimulated then prolonged the depression. Government is not the cure. It is the salt in our wounds.

[roseagain2]

How can these idiots believe THEIR "opinion" is so right when they have been so WRONG, for so long?! Thanks, Peter!

[semicloud]

man, hate watching people aregue. makes me all irritated. peter schiff is right, but don't waste his time arguing with these people.

[roseagain2]

I hear you, but we need more debate and longer debates. This is the only way we can promote the freedom message against these control freaks.

[semicloud]

these debates go nowhere. listen to what peters say. the dollar is collapsing. i hope you know what that means.

[roseagain2]

If I understand what Peter is saying in these debates then surely others do too. These debates have sparked a huge fan base for Peter on youtube and other media. They put him on their shows because they know MANY people want to hear Peter's message even though they don't agree with him. I have convinced friends of Peter's opinions by sending them these debates.  We can't give up and not debate! What are you suggesting we do?

[Weapon01]

That Andy yips and squawks like a stupid-fuck when he argues against Peter.

[NoBailout4Banksters]

What we have yet to hear on the LSM is why the dollar is stronger at this time.

It is very simple, the Central Banks around the world have been selling the precious metals. This is the only thing that is keeping the dollar strong and the precious metals down.

If it wasn't for that Gold would be way over $1000 an ounce by now.

"Switch to Gold, the Fed WILL Fold"

Go get them Peter.

Dr. Ron Paul/Peter Schiff 2012

[blue46gt]

Peter Schiff. The man, the myth, the legend. Peter Schiff is a HERO! He is the only one brave enough to speak the TRUTH! Listen to this man.

[Noisycowonline]

I am going to buy Peter a hooker when the dollar goes to zero. As a thank you for his intelligent warnings.

[ChristiansMustLearn]

Peter silences them every time with his simple analogies...LOVE THIS DUDE.

[xearther]

Peter is a better man than I. It always amazes me how he is always civil and patient with fools. An incredible man and a role model for civil discourse.

I consider Peter Schiff to be An American Revolutionary in the finest traditional sense.

When the US Dollar meets its inevitable end, the Americans will need a hundred men and women like Peter to provide the guidance and inspiration needed to reawaken the American Revolution that was thought dead but is only dormant.

God Bless Peter Schiff.

[straightsixstyle]

If you're against Schiff keep all your USD in a stateside bank. All of it! Don't invest heavily in hedge funds and just wait for the government on a white horse.. I'll be watching with my gold and foreign currency investments, rehearsing my "I told you so" remarks infront of a mirror. ha!

[doufeellukypunk]

Peter is the Mr Wizard of economics. To bad the rest of these shlubbs haven't woken up to reality, and probably wont until the government controls every aspect of our economy and financial systems. But by that time we will be back in a depression with everyone saying, "Wow, he was right".

[ftorresgamez]

The last guy: "Peter, if we leave it to the market, we would have a worse depression!" The other guy: "Nobody made them leverage themselves 40 to 1!" If these idiots have such low trust in the market, what are they doing analyzing the very thing they don't trust?

[almightytreegod]

"tilting against a windmill that is no longer on the playing field... ?!?!?!?!" (that scares me)

"Andy thank you so much for fighting the good fight... ?!?!?!?!"

So I'm guessing one of the media conglomerates is probably going to be our big brother after they buy everything we own.

[DarkestOne7]

I hope Sean Hannity will get poor during this depression

[coolwise1]

A Prophet is never Honor in his own country."

Peter Schiff is always person I love to hear and watch him school the MSM pundits, they try in vain to counter his arguments. I watch them pander to him later "Peter, was call it right about the economy" or "I agree with Peter on this or that" then they use the word "but" and say the government is needs to take action to this crisis.

[RevengeOfMonteCristo]

What the hell is wrong with these morons. Schiff and Austrian economics is correct! There is no disputing that the grand counterfeiter, the Federal Reserve, has destroyed the wealth of the U.S. for the benefit of a bastard banking cartel. Oh Andy, we will resist - count on it

[WelfareRobot]

Incredible, isn't it? Peter has an impeccable track record and he STILL gets assailed by these talking heads. What will it take for him to get some respect on these shows? Turning water into wine? I still think these people would find a way to attempt (and fail) to poke holes in that!

[284Winchester]

Sad that the only one that has been right all this time wants free markets, and the ones that have been wrong want the gov to come in and save them from a situation the gov't created.

[quietstormprod]

Schiff ROCKS!!! I love this guy! Stay the course Mr. Schiff, you're leading us the RIGHT way...some may not understand you but they are the stupid ones!

yeah, that lady commentator made me angry when she insinuated that that other guy was right by "fighting the good fight"....idiot!

[42swingline42]

yes, you nailed it...they always try to sneak it in at the end...

[quietstormprod]

yes they do! thanks for the reply! =) try to stay sane in this nutty world!

[sniper6081]

To this day they still fight with him. He's been right about everything and still they don't listen. Assholes! All of them!

[Martinx09]

"Andy.. thank you so much for fighting the good fight".

Dumb bitch, she knows nothing about the economy.

[PairoftheSocks]

1 vs 4. PURE OWNAGE!!!!!!!!! GO PETER

[gibbons6817]

Did anyone else notice that Peter's eyes where bugging out in that video? Looked like he was on speed or something... But, yeah, of course he is right on... it's too bad those in power aren't listening. The US is screwed.

[PairoftheSocks]

If he's on speed. Then he's a genius on speed.

[2012Ronpaul2012]

U keep punking them Mr . Schiff, I will join you soon.

[chiefsmurph]

I love Peter. But why can't there be a leader of this movement who can really speak well? And make it so people want to join our side instead of antagonizing fights with people who share similar beliefs?

Gotta love what he's saying though...

[Demian164]

we are headed full speed into a shitstorm. i fear for the future, but i cant help but be excited at the same time. liberty lovers have an ideological war on our hands.

[cnips20]

I love it how Peter nonchalantly speaks the truth while the other guys try to bring up things that are so irrelevant. I wonder how much longer until Peter is taken off of TV because of his "Free Market nonsense". Capitalism is now being called a bad thing, in America? We're doomed.

[mage65536]

Well said, Peter! Good man!

[acongagua]

i'm glad this kind of dialog goes on...with every idiotic statement the comes out of their collectives mouths, They lose more and more credibility.

[anevilpettingzoo]

Peter Schiff is right on in his economic predictions. I'll sum up his most relevant point: Stimulus = Inflation. Move your money to commodities.

[TBRambo]

Why is anyone else getting a chance to speak? Peter was the ONLY one predicting all of this years ago, yet they still ignore him. What a bunch of idiots.

[chonny1987]

bunch of CNBC fools.. shut up and listen to Peter Schiff WHO HAS BEEN DEAD-ON!

[sheeplesz]

All those other guys are complete idiots.

How many times is Peter Schiff going to have to prove them wrong? They will never learn...

[YounaTuber]

The pride of the men calling Schiff an idiot is what has gotten us where we are. This country never has been, isn't, nor will be the shining crown of civilization they chalk it up to be. It's a lie they want so badly to be true, that they continue to coax people into trusting in them. The "have now, pay later" philosophy/ploy/scam has ripped this land to shreds. Arrrrrrrrg. Gets me so mad....

[sheeplesz]

Well said.

[Signzit]

damn, why does he even go on those shows?

He must like arguing his position, but against those morons... They only repeat dogma and today's flavor of spin.

Everyone paying attention knows it's a train-wreck in slow motion. Why won't someone just say it, except Peter I mean; maybe Lou Dobbs lol

[AmericanFabricator]

Lets not forget that peter makes his money off of scared Americans investing abroad thru his company.

Even a broken clock is correct twice per day.

[Deoptics8]

Lets not forget all the American Mutual funds, stock market, financial instruments, derivatives, savings accounts/ CDs/ U.S. bonds at no interest, a sinking dollar, & upcoming hyperinflationary depression that has scared Americans to his firm where he makes commissions similar to most of the brokerage house that are now asking for a bailout. He offers a full analysis on conservative stocks at 6-25% Div. Yield in stronger currencies, Perth Mint & other choices then this sinking ship.

[lb11rb]

I wish Mr. Schiff would have reminded the fat fellow that government backing, via FDIC insurance and the central banking system, is the only way that financial institutions could be levered 10 to 1, much less 40 to 1. If not for a central bank they could not exist for very long.

[DennyDucet]

Peter is the man. He is always right. Has been for years. Those who did not use their ears to hear Schiff over the past 8 years are now pounding their faces against their repo'd fridge, sitting in a house they are about to be evicted from, as their stomach swells from hunger. Listen to Schiff and know that the dollar is collapsing. If you don't. Well who cares, be that guy then.

[sinitskyd]

We need to print more money. If we print a million bucks for every American, everyone will be a millionaire! Quantitative easing, liquidity injection and economic stimulus and other measures: they sound fancy and they are very sophisticated terms made up by very sophisticated people. WWII ended the great depression; lets attack Canada and take their land and natural resources to end this depression. Sorry loonies, we need to do it!

[semicloud]

printing more money will collapse the dollar. it's call inflation.

[Starry2000]

I am downright scared of those other commentators.

"This is all the free markets fault"?!!

Ignorant and anti-american to the EXTREME. So this is the new attitude today... free markets are bad? Am I the only who sees where that will take us?

[tg4nfl]

It's not too late to vote for Ron Paul in 2012. Reagan was unelectable in 76 dont forget. Thank you for posting, but I believe all fiat currencies are headed straight to hell, i think the metals will have to be used to standardize the currencies and provide the needed discipline. Thank God he said the Fed caused it, Bill Fleckenstein said this for years!

[lostinbrisbane]

with all you people agreeing with Peter, i trust you all voted for Ron Paul? little too late. most people who are listening and agreeing should have listened and agreed a few months ago. what a shame.

[mastershake99]

Here's a typical CNBC/Fox segment: Thanks for being with us Peter! Well, it looks like you've been right about everything for the past few years, but this week we think you're totally full of shit, and we've got three people here to disagree with you.

[TheOSide]

Peter's one of the few telling it like it is. The rest of them are listening to what the network tells them to say.

[cancercure23]

Peter's right on with the analysis. He is letting psychological healing occur by telling the truth. Let him do so. :D

[MS1719ms]

I hope people are really listening to Mr Schiff!before its to late. There will be no sunshine and you wont be able to afford a lollipop.

[feud1111]

These guys have no clue. They better listen to PETER!

[Arthirias]

America: Isn't it about time we listen to the guys who have been RIGHT about this crisis and blame government intervention and fiat currency?

Mainstream Media: NO. Not yet. Not till more people suffer for much longer. And pay no attention to the man behind the curtain!