Peter Schiff on Impending Economic Collapse

[zombiezombie1977]

Arther Laffer went to school with Summers and Bernanke:))) And Alan Greenspan was a maintenance guy with the keys to every room:))) thats how they got all this cerfiticates:)))

[ENDAMERICASOON]

Important point he made in the last few seconds of the interview 5:15 . he said that the Chinese, the Japanese and the Saudi are going to lend us money and that would delay the crash. look what happened a few days ago when the markets started to fall big money flowed into gold $1800 and us government bonds. its already stared the propping up of the us dollar by these countries. like peter said at some point we will have to pay the piper.

[hgrgic]

They understand all of this very well, but the banks have the interests and political influence.

We`ll (and by "we" I mean The world) have to get rid of the existing banking system which is 80 or more percent (depending on the resevre ratio) selling of PURE AIR and making profit out of it by selling interest on the money that just doesnt exist yet. This should be totally illegal business.

[1lastrun]

@hgrgic totally correct. You should watch the secret of oz. A very good documentary proving exactly what you just said.

[Blueslide]

Wasn't he saying that interest rates would skyrocket in 2005? When does that happen? I would have been impressed if he linked the bubble to the deregulation of the late 90's. that's when the ramp up began, 2005 was the end.

[xtop23]

very very smart man

[mkmason2002]

Peter Schiff = handsome genius! Mmmmwwwaaa! Love ya Peter!

[YerJob]

wow, all those people that called me a tin foil hat nutter...wish i could see their faces when the shit finally flies

[whtswrngwthupeople]

that jerkart laffer freaked out when Peter said the stock market was just a bunch of paper, not real wealth. what a bum, and look at that slime ball on Fox laugh away. And that Ben Stein, that guy is nothing but a C List actor, why doesn anyone take that clown seriuosly?

[bjarnet3]

@whtswrngwthupeople Do you mean Mike Norman aka (mikeydoggy on youtube)... Well, he is flipping burgers at McDonalds,, I got a Hamburger instead of Cheeseburger from him yesterday.. Man, can't he do anything right!!

[dkswede]

Keep the penny Mr. Laffer you're gonna need it in the future!

[mongolenpup]

Well...it's pretty obvious America is gonna go to shit and riots are gonna sweep the nation...I'm just wondering what will happen to europe when the American economy collapses...?...Isn't it all linked together?...domino-effect or what?

[rivi67]

this is the future of our government control. the new world order is not a lie, it is no consieracy, it is not imagination, it is as real as the footage in this film. we have no control over our country. there will be more "detention" facilities, all police are beeing trained for riot defuseal. we lost our beloved constitution with bush and obama is only the next distraction to fullfill this plan. this vidio and 1,000,000,000 more like it are documenting the progress. inform your selves.godbless

[mdbarnes21]

This is an incredible video...shows just how right Mr. Schiff was on the economy...amazing.

[TedDGPoulos]

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[RoySC1]

Our economy has been based on deficit spending by our Congress for years! Why doesn't Pete reveal the real reason. It's in our Constitution that gives Congress the "power to borrow money on the credit of the United States." Just abolish that power by an amendment, and Congress will be forced to balance the budget forever, and ever.

[AtlasShruggery]

Schiffty Pete has been predicting economic collapse for many, many years. every time the facts prove him wrong, he changes the time parameters and move that goal posts.

Schiffty is just another fearmongering Republican politician.

[ventrue1]

I totally agree with his forecasts : europeans major specialists say exactly that

[obamathedisaster]

laffer is another liberal idiot be afraid we will all be in obongo bread lines soon

[AtlasShruggery]

Arthur Laffer a liberal? Are you kidding? Laffer was the guy who pimped Trickle Down Reaganomics.

[obamathedisaster]

the only good thing about the economy going bonkers was that it sent  many illegals back home where they belong

[shaider77]

If ever the Dollar collapses, then maybe, just maybe, with the much lower wages for Americans, manufacturing might be enticed to come back to this country. But, given that scenario, the Dollar has a long way to fall to even come close to wages in China. In the meantime, Americans will just have to deal with a much reduced standard of living before things might eventually get any better.

[uturniaphobic]

They aren't borrowing money to save America. They're borrowing to save their own ass.

Also Pete was right again! they're slanting the dollar again and it is down significantly as of July 09.. get ready, inflation nation

[Cokie907]

Art Laffer is a fucking idiot! I knew he was a rube the moment I heard him speak so highly of Slick Willie's accomplishments in the 1990's. I screamed at the TV set: "What accomplishments???"

I have no idea what intellect Reagan saw in this guy. Maybe he had a stroke after the 1980's and part of his brain died! lol

[olh1152]

Where is my penny bitch!!

[richardstevens1998]

Many of us DID know this was coming; and, we benefitted too.

Enron was the first of your clues.

[WhatARetardedIdea]

and why did people know about this financial crisis almost 3 years b4 it happened...?

2 words "Bilderberg" "Illuminati"

Theese are the fucks that is pulling the string wether u like it or not

[claymoreman90]

my grandmother warned me about this 2 years ago..she says that this will get worse

[chardnj]

He is a genous..

[golbyaka]

Why didn't Peter Schiff win the Nobel Peace Prize for Economics and Paul Krugmann did?

[joshgura]

because krugmann is more of a one world government guy, and reflects the concerns and needs of swedish politics.

[RonnieLeeDuck]

@golbyaka Because Krugman was more or less saying the same thing in a more mainstream outlet.

[FiswaT]

FUCK FOX

and CNN, NBC...etc

[BlacksAreBeautiful]

SPECIFICALLY!!! CNBC and FOX business

[rckt44]

Peter Schiff in 2010!

[hellbornelfchild]

he was so right. look at us now...

[OptikNerv1138]

Ben Stein= ain't never been right.

optik

[merged]

watch a video on this page titled "Pitt Schiff was right"

It's good idea what this chick says.

[merged]

are you sensorin' me because I tell people to buy guns and emmo ??

[silverbluejc]

God this dude scares the shit out of me

[KorlaPlankton]

I am currently stockpiling food and... lets just say... something that will ensure my safety... I hope I and people like Peter Schiff are wrong... God help us I really do... but... better to err on the side of caution than be on the losing end of a battle for survival. If it doesn't happen, I will just have a big picnic with ALL of YouTube... you guys like SPAM (the canned meat)?

[JeffreyLewisTV]

Lol.

[OptikNerv1138]

Ben Stein = always wrong

dboy

[UseSumLogic]

"isnt there a possiblility that goverment will slow it down or fix it?"

Nope. Too late.

[radiospirit]

There isn't a risk of things getting better.

That is some funny shit, there...

[XBball4lifeX]

I DONT UNDERSTNAD where this puts AMERICA!! please explain and help me. link a video or somthing.

you see, my whole family are libertarians and predict a huge depression. they are all stocking food, and weopons saying that eventually, utter chaos will errupt.

YES, i hope they are crazy, and wrong. BUT if they ARENT what will happen?

[radiospirit]

utter chaos will erupt...

[XBball4lifeX]

why do you feel that way? how evidence do you have to support that? can you show me?

[radiospirit]

What do you think people that are living paycheck to paycheck are going to do when hyperinflation hits and their money (what little they have) doesn't even buy enough bread to eat, let alone pay any of their rent/mortgage or monthly bills?

Use your imagination. What would you do? Would you act like a little angel, or would you turn into a ravaging beast?

Ask yourself that question. No food for days and you start getting quite desperate...

[XBball4lifeX]

well i dont think i would go beast lol but why does it have to get that bad? isnt there a possiblility that goverment will slow it down or fix it?

[choidj]

The government would slow down or fix it? What have they been doing? Bail-outs failed, more borrowing failed, interest rates failed, they are accelerating this problem. The government does a lousy job at keeping the economy afloat. A bail-out, a month or two of money injecting, then the companies use all of the money. And then after the money has been used up, we have dug the hole bigger.

[DyeTyme]

The government has been shoving their fingers up their own arse ever since the creation of the Federal Reserve.

[OptikNerv1138]

Stocking food and arms is not crazy. It may seem like a weird thing to do, but just wait. This is gonna get worse, maybe alot worse.

dboy

[PFandGF]

We know SOMETHING is coming... To learn how to PREPARE for and GAIN from it check out:

(3w)prepareforandgainfrom (dot) {com}

[TruthandJustice101]

2009= GREAT DEPRESSION

Get ready to lose your job, car, house.

[JurkoffJay]

I have neither of them already, so I guess I'm good.

[CNEBUCKS]

Yup, ur good LOL!

[slunkmonky]

millions of people saw this guy laughed at on tv and only 16,000 have watched this video of him making really good sense. what a shame. Why don't people realize the national debt is gettign bigger all the time? We laugh at people in big houses who are way in debt and can never pay it off because we know they will lose it eventually and it was a fools paradise, but isn't our whole country like that? All the porsches and ferraris were all bought with foreign loans and bailouts! it has to fall

[ggadguy]

Peter speaks the truth. Get his book at Peter-Schiff . com. The site also has his podcast and new Peter Schiff articles. Spread the word.

[hippystonerwierdo]

My teacher was talking about this type of cosumption as borrowing back in 2004. it is amazing to think back to then and see individuals like peter schiff predict the bubbles burst as well as the subprime morgage crisis. is it as much as these few are honest like shiff, because sometimes i think bernanke and greenspan know the score and bullshit deliberately to forward an economic agendas

[dikroxem]

abolish the fed, follow the constitution, question your leaders, doubt every word your mainstream media sets out there for you to beleive, surely, they are mostly lies! I Love Peters summary prediction in the last minute, he hits the nail on the head!

[Jacobrester]

I like Mr. Schiff, but I think he is an alarmist to an extent. He has been wrong as much as he is right.

[HHODork]

what has he been wrong on? I have been watching him for the last 5 years so I dont have a long term history of hearing what he has said. but for the last 5 years he and Dr Ron Paul have been 100% right. This is just history repeating its self. Rome and German did the same thing. Print money out of thin air to pay for war and at the same time driving out industry.

[Jacobrester]

He said back in June 2008. The dollar will collapse by October 2008 and because of this, commodities will skyrocket in price. He also said gold, which was at $950, would go much higher.

What happened ?

The dollar rallied tremendously. Commodities dropped like a rock and gold is sitting around $825.

Wrong on all counts.

[mrcool011]

Wrong on the time frame, but right in the end. Now were seeing the dollar fall like a stone, and will continue to, it will take a little while for commodities to rise up, but once this is over they will. Intelligent people look at the WHOLE PICTURE, not just what is happening right now.

Gold is up, and will skyrocket within the next 2 years, and the dollar will collapse, give it time. It's called a fools rally, we might even see more of it in 2009, but don't be a fool, understand the long term.

[Jacobrester]

The dollar is falling like a stone ?

Have you ever heard of a correction?

The dollar has rallied tremendously for the past 5 months. Of course at some time it will stop and retrace part of its climb. It happens all the time.

Gold will not skyrocket. The gold bugs have been saying that for 20 years.

[mrcool011]

A fool's rally, the fundamentals of economics say the dollar is doomed, to say otherwise is to deny common sense economics. You can't print this much and have a trade deficit. The dollar rally was deleveraging. Everything points to a dollar collapse, anyone saying otherwise does not understand economics.

We'll see the dollar fall far lower then it ever has in the coming 2-3 years, Schiff is off on the time frame but not about what is going to happen.

[Jacobrester]

I see.....so we have to wait 2 or 3 years before you doomsdayers shut your trap ?

After the 2 0r 3 years and the dollar is still here and everything is fine, will you nutjobs finally stop the doomsday bullshit ?

[mrcool011]

I'm not saying doomsday, just we'll pay for our stupidity. We'll still have it better then most the world, just nothing like we do now. We are on welfare from Asia, you can't run a healthy economy on welfare. It works in the short term, but we are at the end of the short term. We will come back, but after a long period of pain and suffering and changing our attitudes on economics. You simply cannot create wealth out of nothing for the long term, only works in th short term.

[Jacobrester]

Ok I can buy into that....but what is going to happen to the rest of the nations. They are in the same situation....some worse.

Russia is on the verge of bankruptcy. The British Pound has collapsed against major currencies, including the dollar. The EU and UK loaned out 3.5 Trillion dollars in loans to Central and Eastern Europe that WILL be defaulted on. The are strong rumblings that much of the Middle East will go bankrupt due to low oil prices.

Is every currency going to collapse ?

[KhmerD0g]

no.

germany and japan have saving. china and india have manufacturing. brazil has agriculture. the middle east countries have oil. russia has gas, oil, and other metals they can mine. they can sell those things to get out of bankruptcy. countries with stuff they can sell will not go bankrupt.

as soon as the world is unwinding, deleveraging, liquidating, and recurrency repatriating because of carry trade all the commodities will price at the market level. oil price will be normal, that means up.

[Jacobrester]

LOL.....you are misinformed...the USA is the #1 agricultural producer in the world.

The USA has 25% of the worlds known coal reserves.

The USA has an estimated 1.5 Trillion barrels of oil shale in Utah, Wyoming and Colorado. More than the OPEC countries combined.

The USA has more potential for wind energy than any other country on the earth.

If this is your criteria, then the USA will be fine.

[KhmerD0g]

"The USA has an estimated 1.5 Trillion barrels of oil shale in Utah, Wyoming and Colorado. More than the OPEC countries combined."

yet we import 80% of the oil. we even went to war in iraq to get oil. great logic there.

agriculture required petrol too, especially for fertilizer. the only correct info is about coal. everything else is a lie.

the U.S. debt is huge, not to mention $700 trillion derivatives. the world GDP is $57 trillions. think about the debt.

[Jacobrester]

Do some researcy you ignorant fuck. The USA has an estimated 1.5 Trillion barrels of oil shale in the states I mentioned. You might get your head out of your ass and look at possible reasons why your govt. has not utilized this bonanza.

But please do some research before you call someone a liar.

[KhmerD0g]

fuck u motherfucker do your research, bitch. hahahhaaaaaa. go read my oil research. it comes out of my ass. hahahaahahaaaa. bitch

[mrcool011]

No, they are in bad shape but nothing close to the dollar. The Euro will likely be the next world reserve currency, saving the Euro and making it worth even more. America has taken fiat money to the extreme, more so then any nation and will suffer more because of it.

Russia's economy isn't that bad, USA is on the verge of Bankrupts more so then Russia. Western Europe and Asia are in much better shape then we are.

[Jacobrester]

Where are you getting your info?

200 Russian business leaders demanding handouts from Moscow to repay their loans to Eurozone banks.

Poland, Hungary, and other Eastern Bloc nations hanging by a thread. It is likely that they shall default on 3.5 Trillion dollars of loans to the EU and UK.

Germany facing worst economy since Berlin was reduced to rubble in 1946. Massive defaults on loans made by European banks set to crush the euro early in 2009.

There is more.

[Jacobrester]

China cuts interest rates fifth time in three months; sudden crash in exports cited ... civil unrest feared, repayment of Eurozone loans in question. Similar, massive defaults likely throughout Asia

As hundreds of euro loans made to emerging nations go sour ... and as European banks reel from massive losses ... the worlds investors will drop the euro like a radioactive potato.

The Euro will NOT be the worlds reserve currency.

[HHODork]

I understand where you are coming from. I would rather brace for the worse case and not set back and say the ship cant sink. The ship can sink. Some nations fall more than once in a generation. Dont set back brother and think it cant happen to us. It can and its happening now.

[Jacobrester]

Of course it could happen. But I think you have to approach this in a responsible way. Running around saying there will be riots in the streets, no food on the shelves in the grocery stores and martial law is somewhat irresponsible.

Furthermore, the people that are convinced of this decide to take it upon themselves to become Financial Advisors....ie....recommending to buy gold.

It is okay to let people know this is a possibility, but I hope people look closely at the claims.

[slunkmonky]

I agree with you that it's possible to keep people fed and clothed and in homes even during an economic crash,, it's physically possible. even if all the money was collected and burned there would still be dirt to sprout seeds and water falling from the sky without money, but this is true of the great depression also and how many people had to hike from town to town looking for work then?? I mean, even now there are homeless and hungry in the US even though there is enough for everybody

[ramusling]

Almost right there. BUT the euro will suffer if the European Central Bank keeps lowering interest rates to "stimulate" the economy dishing out lots of money which noone is willing to borrow and lend. Russia will get in budgetary trouble due to dramatic drop in oil prices thus decreasing tax revenues, plus many Russian companies depend on the oil and gas business. And after all the entire world economy depended heavily on the US consumption which will evaporate now. No good prospects.

[mrcool011]

The dollar has been losing value for years, this short term gain is just a short term gain. 5 month's of rallying means nothing in the larger time frame. In a few year we'll see who is right, I'm guessing it will be Schiff, because he understand economics.

[HHODork]

The dollar is in a rally only because other currencies are in worse shape. Plus the dollar value of gold is still under 1000 only because everyone is dumping their gold on the market because they are near broke and have lost their shirts in the markets. Baby boomers have lost their IRAs and 401ks and need money to pay bills and feed their cats.Same with dumping Commodities to offset losses in the markets. So you are saying everything is rosy? nothing to see here?

[Jacobrester]

I am saying you are grossly exaggerating the condition in the USA. You talk as if every person in the USA is broke. I did not hear anyone complaining when their 401K's were rising 15% per year. Nothing goes up forever.

I know many people who have lost 30% or as much as 40% of their INVESTMENT income, but I do not know of any that are broke.

It is not as bad as you make it out to be. The thing that does worry me, is the rapidly increasing unemployment rate.

[HHODork]

Im not exaggerating anything. I work in the mortgage business and our deny rate is at near 60% where people are upside down on their mortgages and have no savings. I hear first hand every day people telling me how they need to Refi their home because their retirement is shot. Why do you think Unemployment is going up? Is it because people have more capital to invest in their business? No, business have no capital, they are over extended and are expecting the government to increase taxes soon

[HHODork]

Plus look at car sales and other big ticket items. People have lived off credit cards and are near maxed out. Its a credit bubble and its about to pop. No one has any real wealth. They have lived off credit with 7 year car loans and loans for school. Why is no one asking why school and cars costs so much in the first place. The government trying to free up the credit market is the wrong idea. More debit is not what the people can take on right now. They need Savings and we need higher rates

[Jacobrester]

I certainly agree with your assessment on credit and personal debt. I paid for my own college and worked 40 hours a week while I went to school. I borrowed nothing.

Am I supposed to feel bad for those people who took out all of these huge college loans and now can't pay them back ?

I think the USA is one of many countries in big trouble, but I think they will have 2 or 3 years of tough times, and then they will rebuild like they always do.

This is not a doomsday scenario in the USA.

[HHODork]

Well, this is the first time we have had a thrift print monetary policy and record high debt. It took our nation 230 years to get 5 trillion in debt, we more than doubled it in 30 days and its not stopping. when you inject that much fiat currency into a fractional reserve system on top of the record debt it leads to hyper inflation. Its text book. Look at post WWI Germany. They did the exact same thing to try and pay off the war then pay off all the failed industry.

[Jacobrester]

Post WWI Germany and the Weimar Republid did not have a GDP of over 13 Trillion dollars. We are currently experiencing deflation. It is likely that higher inflation will follow the printing of money, however, it is not going to cause the dollar to collapse.

Relax, don't let the doomsdayers worry you too much.

[HHODork]

Well, We may have a 13 trillion GDP, but what about our national debt? In accounting when you look at what you have vs what you owe, you break out the red ink when you dont have any money left. All it will take is China to call the loans in and then what. We just print more money to pay for the bond debt?

Our GDP is all servcice sector, almost none of its is production of good. Once our Services are no longer affordable because of debt companies and nations have, then what do we have?

[nodesnetwork]

The economic collapse is necessary because we need a new economic system based on meeting human needs and providing environmental sustainability. This economy is false. We are using fossil fuels to pump up the economy. This economy is unfair. The rich get richer without doing a stitch of work. This economy is a tyranny because there is "no choice" but to feed the money paradigm.

Money needs competition. People need choice.

We need FREEDOM FROM money not through money.

[12235117657598502586]

WHO REALLY HAS THE POWER & CONTROL IN AMERICA, WHO THE HELL ARE THESE PEOPLE? (we ALL know that it ain't the governments)!...This disaster might EXPOSE JUST WHO THE MEN ARE WHO REALLY DID THIS TO US ALL!

And when the public see who the real rulers/controllers & decision makers are, then they might wanna dish out some 'street justice' on their arses!

[sic840]

its like a broke college student getting a 25000 dollar credit card, and buying a big screen, computer, and STUFF. the products do not have the same value as the money. o yeah and you owe interst while being 25000 in the hole. its false wealth and we will pay real soon.

[sic840]

dollar is no more

[southdakota1001]

So, what is this 'final collapse' going to look like?

[FarahWonderland7]

The collapse will not happen in one day. It has all ready begun like a slow falling of a house of cards. The complete process may take 2 years until we hit bottom. We should be studying Argentina's collapse from a few years ago.

[zeistermeist]

Those fuckheads in FOX are crybabies now they're BIG holes in their 401K.....hahahahaha.... Buy GOLD!!!!!

[thelumberjackjohn]

My God some of these people actually have PHDs and they cant so the simple math that if we have all this debt and the only way for are economy to grow is to get into more debt sooner or later we will fall..

[aviomaster]

madhuradi -- Nuclear reactor ,, 15 years to built , CHECK out RUSSIAN nuclear reactor which is the safest nuclear reactor on earth , Built in CHINA ,Russia , Bulgaria, Iran ,., CHINA is building 20 Russian nuclear power stations by year 2015 .. so it doe not take 15 years , it started in 06 ,

[offthahook08]

Come on any of the so called conspiracy theorist was predicting this years ago. He still isnt telling the whole truth that the bank of England owns the US, and the Vatican aka the Black Pope runs it all. Until he says that hes one of them.

[monkeyman1140]

We all know the financial industry are all collaborators in the goal of greed. They will tell the prospective investor everything is great until the day it collapses.

[SevenSins005]

for the first time in recent years, the people who are claiming 'Chicken Little' opinions about doom and gloom are correct. Keep up the good work Peter Schiff

[ElectLarryCooneyGOP]

Thank God (or whatever) for the internet and YouTube. Without it we would never ever ever see any of this information.

[Starteller]

If we disclose the hidden UFOs technologies we solved all our Energy, Environmental and Economic problems for the ENTIRE planet.

Wake-up people all our government are traitors.

We need to charge them for High Treason and Crimes against Humanity before it's too late.

[largo2001]

Laffer is a fk in g tool.

[snakecharmer133]

do you people understand that this dosn't meen shit for you, you are still screwed unless you take action now and GET OUT!

Look at the motionpicture the perfect storm and you should understand what I try to tell you!

[dezldummi]

Come on... I remember maybe 10 years ago when Brian Hugh Warner made some of the very same statements... the American economy was driven on fear and consumption and an economic crash was inevitable.... stop looking for someone to lead you for fuck sake... get a grip....

[michaelawill]

This has been in the making for a very long time. Warner was just as correct then as Schiff is now. Are you even listening?

[dezldummi]

No, I certainly didn't mean I think nothing is happening economically... I didn't mean to say don't listen to Peter Schiff.... it just seems like there has been too much blind following, too many blind followers lately.... I really just wanted to repeat a worn out statement, and say once again that people need to wake up... I dunno, what's the point really, I'm probably the last person on earth anyone should take heed to....

[darudefin]

Peter is the man! Ron Paul and Peter Schiff for 2012 if we still have a sovereign US left by then

[Starteller]

If we disclose the hidden UFOs technologies we solved all our Energy, Environmental and Economic problems for the ENTIRE planet.

Wake-up people all our government are traitors.

We need to charge them for High Treason and Crimes against Humanity before it's too late.

[muttamutta]

Or simply use the new french nuclear powerplants. They can use old uranium trash from old powerplants or try the new versions of powerplants that doesn't leave radioactive rest products.

Uranium based powerplants will give us CHEAP & CLEAN energy for 70 or more years.

There are almost NO riscs with modern nuclear powerplants so why not use existing technology, make it better and we can have energyprices that are 1/3 of todays prices and be able to use electrical cars?

[madhuradi]

exactly,but you know how much time it takes to build a nuclear reactor- 15 years minimum

go ask those environment guys 'now what?'

by the time US wants to do something the interest payments on the debt will be more than its real gdp which is only 22%of what is reported[78%is consumption and real estateon debt]there is no way out but default

It is just simple logic!I just don't know how US can persuade russia,china and saudi to finance all these bailouts putting there own nations in peril

[muttamutta]

Maybe it used to... Forsmark in Sweden had a project start 1973 and was in production 1980 (7 years including project start, not build)

now it's even faster.

So in time to build new powerplants if the project is well managed shuld not take more than 7 years and be pretty cheap.

SSAB demands more nuclear power in Sweden since the price of energy shoots thruogh the roof, and th good thing? We have 1/5th och the worlds uranium reserve :)

[SirRoxo]

This guy is an absolute freaking genius! Let's appoint him to handle the market, seriously!

[madhuradi]

doesn't matter,you may well appoint no one

probably that is the best option now

do nothing

[waynethecelt]

Coming next 'Amerogeddon'!

[julianhpike]

so true... right there w/ya'.

[hetgow]

too bad Schiff can be the one who is dealing with this recession/depression problem instead of all these goons we have now.

Oh well if you havent paid off your credit bills, saved up some silver & gold, downsized to minimize expenses, then now is the time to hunker down and get ready for whatever is coming next.

;)

[wowwooter]

hes always straight faced even when they lauged in his face bravo!

[He101A]

Peter Schiff's predictions were accurate.

[mongobobo]

i don't know about that. He predicted we'd be seeing $2000 gold right now. If you bought into his predictions in March '08 you be down more than 60% right now.

However, he is right long term. The question is how long?

[He101A]

Hold for 5 years, and it will pay off.

[mongobobo]

Same could be said of buying into the DOW, NASDAQ or S&P 500 at the same time.

[compwiz4u]

Peter is a lighthouse beacon in the fog. The main-stream commentators are either blind or insane. Peter knows what is happening and what needs to be done to fix it. They should listen to him.

[OptikNerv1138]

Hmm, I didn't know about Peter Schiff. Notice how the Fox News idiots were laughing at him in the background. I agree with Schiffs view on gold, dollar, and commodities. And Ben Stein has never been right about anything so there's no reason to give him weight.

optik

[MACKATTACK1970]

Peter Schiff was laughed at by the goons at Fox News many times, I wonder if those idiots are still laughing.

AS for Arthur Laffer, this moron is being interviewed and now has a book out that he is peddling, Peter Schiff kicked his silly ass, remember Arthur laffer was the same idiot who gave us the 'Trickle Down' theory.

Peter Schiff, one of the very few that actually know what they are talking about.

[MrSkaramanga]

Laffer got absolutely STOMPED and so did all the others who have tried to debate with Schiff. The guy just keeps stomping these morons, especially maria bartimoron and that other idiot maria cabrera caruso on cnbc. Their asses must still be stinging after he got through with them.

[edwinhermet1717]

I would love to see the guy's who laughed confronted with these scenes and Peter schiff again.

[nmbypmby34]

He can't afford to give you a penny right now.