4/26/2005- Ron Paul Advisor Peter Schiff On Squawk Box

[tlb50mustang]

what is austrian economics?

[TheBlitz1]

@tlb50mustang - pure intellect

[treysparker]

Its amazing how ballsy Pete's gotten over the years. lol hes so reserved in this clip compared to today.

[regisHCnyc87]

@treysparker Yeah, back then he used to just make his points and leave it at that. Now he'll make mincemeat out of his opponents if they say idiotic things.

[jeremyraybrown]

If you like Peter Schiff then you should check out Gerald Celente too.

[rothfuss97]

Class dismissed

[jeremyraybrown]

Schiff is giving them an economics lesson and they just don't seem to comprehend.

[ItsFazsha]

He said in 6 years the dollar had gone nowhere. I noticed that the Dow was 10,208 on that clip. Right this moment, the Dow is 10,562. All you have to do is assume that what Peter said in 2005 is equally true on January 4, 2010 and buy gold, oil, and foreign stocks or foreign ETF's.

[EdMan2012]

I can't believe how far back he nailed it! damn.

[CSturmer]

Jesus Christ, he was laying the smack down like this back in 2005?? When the dollar collapses, we will deserve it, because we ignored this at our own risk.

[imre1000]

Like watching a professor lecturing a bunch cave men.

4 years, those same idiots are still on TV and haven't learned a thing.

[DNATS]

he was much more tv shy back then huh :)

[jonesey5168]

FROM NOW ON, WILL ANYONE EVER LISTEN TO THESE CORPORATE FASCIST SHILLS?

liars liars pants on fire

[DNATS]

Everything he's saying is so logical and prove he did his homework. Every1 else just seem to go along and agree with everything he's explaining. Even the host agrees with him. But 2005 was still good and nobody was looking over the other side and did not heed his words.

[MooseOfReason]

Does Peter seem kind of... depressed in this clip?

[RvNYC]

Judging by the reactions of his fellow panelists, It's the realization that no one will listen and his worst fears will likely come true.

[cbellison]

MooseOfReason: I'd be depressed too if I had been ridiculed by everyone for being negative. No one likes you if you're negative and you get shit for it.

[thomasst2]

The Govt has no idea what unemployment is. The National Bureau of Economic Research surveys 100,000 people from a given part of the country from a workforce of 150 million countrywide to determine unemployment (less than 1/10 of 1%). They are completely clueless. That's another reason why unemployment is an illusion.

[sssbulldog1]

Why are Ron Paul and Peter Schiff light years ahead of everyone else? and Ron Paul wants to be president. If someone wants to tackle this mess and turn this economy around, let Paul do it. He must have an answer. I too am watching these Peter Schiff videos.

[chootlund]

Two words - AUSTRIAN ECONOMICS. Well, as Peter says, that's kinda like sayin Chinese Physics. The laws are the same, no matter what you label it.

[rowania]

haha thats right, make your own goods, save your money, and use it wisely, don't speculate and don't lend money:) makes sense to me

[lintburger]

Wow it's amazing to see schiff hit it on the head over 3 yrs ago and see Haynes act incredulous.

[DOLLARCRASH1984]

Austrian economics isn't that difficult to learn.

[thomasst2]

It's not. It's just different to digest give it contradicts a lot of what we've been indoctrinated to believe. It takes a bit of open mindedness to accept it. You have to unlearn a lot of bad teaching and rhetoric and look at human history and facts.

[bho84]

yeah agreed. im 21 and often i have to relearn a lot of history.

[southalgent]

Hey, thanks for posting all these Peter Schiff videos!! People need to hear the truth.

[TexnTuber]

do it, Haynes.....do it! Shoot yourself! let me know when so I can tivo it....just shout, 'the fed made me do it!' before you pull the trigger.

[Coot876]

probably the best peter schiff interview ever, they listened and alone him to explain a ton of stuff. Too bad they dont have him on anymore.

[codematrix]

They don't have him anymore because they call him Dr. Doom. They should call him Dr. Reality. MSNBC only wants stockmaket cheerleaders...

Peter's being right from day one.

[Paetaor]

It's going to be a decade before the factories can even start producing enough to start paying back that paper.

China/India will have 1 Billion+ middle class soon (10-15 years). The US Gov needs to start thinking of things they will need and can't get elsewhere.

[Aliuar]

The biggest thing that upsets me, is that if we have a 5.5 percent unemployment rate, and yet we do not export anything, then what the heck do we need to start exporting? This really sucks, because I'm afriad if the dollar does collapse, and the manufacturing giants "win" from their sacrafices, which I believe communism by defenition has no issue doing that, then we are all sunk. And if jobs are lost, we have major problems, what will americans do then? Time to read an economics book I guess :)

[Konig1985]

what an easy answer:

in the last decade i believe one of the quality products USA has made are war machines (not surprising since they get lots of taxpayer $ indirectly). Sell your f22s and nuclear subs to japan and china im pretty sure you can cut your deficit by half.

[zaber789]

America does export stuff but nowhere near what you import, rest are in the service industry serving your own people. Same with us.

[deepmindquest1]

this guy is teaching class to these children,Wow.

[moofph]

...love thy neighbor.

water + food = LIFE

[DillonX]

When Bush was elected I knew the economy would be horrible.

And I don't look for the economy to get any better until he's gone & even then much work will have to be done to correct the Bush mistakes.

[dumbface2]

appreciate you putting up all the videos that you do

[ElCapitan1985]

this man is a prophet! thanks Phil!

[philippe1985]

one of the best video of Peter Schiff

[imnos482]

I CANNOT believe they let him talk so much. Peter makes so much sense it scares everyone. I just do not expect the MSM to let him get away with such obvious things. I guess they figure nobody is listening.

[nidan206]

because it's back in '05

[mindcloudbeta]

Anybody who has had a international finance class understands what Mr. Schiff is saying. For starters, the model is called the absorption approach. Or just look at an exchange rate model. Its all there. Its not rocket science. Anyway, guess what China produces alot of. Textiles. Guess what is about to happen to the price of clothes. Yep. Through the roof. There are going to be alot of pissed off kids who cant afford their abercrombie gear.

[RonPaul2008dotcomluv]

Exactly what congressman Paul has been saying!

[Rustyshackleford08]

Wow, this is why I listen to this guy. I do everything he says as much as my small check can.

[ArchaicRevivalx2012]

Shoot yourself.

[2resist]

They wont let Peter back on since what he was saying is coming true.

[markymarkuss777]

I haven't seen Jim Rogers on TV anymore either. They are shutting down everyone telling the truth, because the economy is about to implode now and they want the sheeple to go back to sleep for the next couple months before the economy collapses. End of story.

[uclaztec2]

might as well add Marc Faber as well. All three of them have been black balled from CNBC for telling the truth.

[davincij15]

Truth is treason in an empire of lies.

[ganderdip]

lol thats great

[endlessmountain]

The dollar better collapase!! Well it will and we can all party and celebrate it when it happens because we bought Silver!! Have you bought your gold or silver yet??

[mariasman100]

Yes, I bought mine in '05!

[sumopub]

Nope. And it looks like I am too late. Will you guys employ me when the Millinium Collapse is upon us?

[endlessmountain]

at 17.5/o right now for Silver it is DEFINITELY not too late. Silver has been manipulated by the gov't and they are working hard to keep it low and they are losing control which is why silver went from 3.00 oz/ to 20 earlier and on it way to hundreds an oz when the market crashes

[sumopub]

Guys, I don't have much cash to invest--perhaps a 1000/mo. Isn't this too little for EuroPac (Schiff's firm) to even open up an account? What options do I have here? Thanks in advance!

[picapauengracado]

I'm not sure about your amount, but Peter Schiff's firm does little investments: just call them up. Anyway, you would be wise to hoard everyday products that have a reasonable time span since their prices is only going up. Something interesting Schiff mentioned in his last radio show was some guy that made some money by buying a lot of ammo and now selling them out because of the metals or something in them has been skyrocketing. :)

[labartic]

Give them a call right now and start putting ALL your savings into safe places like numismatic gold or silver coins (swiss american) or in foreign investments like Peter says to do. My family has done that and within months we got a 15% return! Thats how fast the American dollar/economy is going down the hole. Dont delay, its not too later yet. I also suggest you get some weapons/ammo/food/water purification/medical items or anything else you need to live day to day Contact me if you have??

[sumopub]

How much do you guys have invested in these stocks and commodities? Also, is there any online forum/communities for us Schiff proponents? Lastly, where is a good place to live outside the country that'll be OK after the collapse & somewhere I can get work (computer/tech/internet search)?

[zaber789]

As America drops down, we in the UK look set to follow you.

[wovenbeats]

the people have always been connected across the pond...were both stuck in the same system or matrix...and were both looking for liberty, freedom and justice but get nothing but depression. America has been aquired by london banking in 1913 and we share the same fate economically, but im afraid the UK is turning into a dictatorship and Americans are protected just enough for a fighting chance.

[DominationCorp]

singapore, hong kong, switzerland

[Rustyshackleford08]

ITs not too late, I would buy before August...it can go higher. Not just the US currency will collapse. When your money collapses you have nothing, if you have gold you do.

[Boomer1949]

The only winners in this story are the large corp that moved their factories to China in the 90's and early 2000. They will continue to sell to countries who will replace our economy.

[MaverickCentricity]

Wow, these guys make Peter look like an absolute genius.