Peter Schiff 6/8/09 - CNBC

[Thrice13]

Holy shit, that Mike guy breathes really loud!

[slimjim6666666666]

Peter Shit has being talking doom and gloom for the last 3 years..he must be crushed that the dollar has'nt tanked yet must kill him..recessions in part are caused by a lack of confidence and doomsayers like peter dont help..recessions come and go..its not the end of the world

[MidlandNinja]

This recession is the worst since the early 1980s

[Jasman2444]

Peter is running for Senate; at least he's trying to do something about these problems.

[kryogenikz]

Another victory for Peter Schiff!!!!

[nambypamby34]

That guy is seems like he is just playing with numbers! WE need to learn how to live within our means.Lots of people can play with loans and credit card to dilute themselves.

[drewd1987]

Peter is Jewish. DO NOT QUESTION a Jew when he speaks about the economy. :)

[jdepps13]

Plenty of Jews disagree with his assessments.... what are they all right just because they're Jews? For Jews, the laws of logic are repealed?

Gimme a break. His religion/ethnicity is irrelevant. It's his prescience that matters, and that's hardly a uniquely or uniformly Jewish phenomenon.

[drewd1987]

I was JOKING.

[myliverwurst]

All these scenarios and the recoveries they propose are built upon the premise of a recovery this year. When that doesn't materialize, and it won't, the ramifications of how bad this is going to get might finally hit home.

The Fed will have difficulty withdrawing all the liquidity from the system. They have proven in the past that they don't act quickly enough.

This will all end in tears

[ecnerwal999]

HAHAHAHAHA "jomeau". Abe Simpsons. When he buys the onion, the clerk tells him it costs 2 bees, because nickels had a picture of a bee at the time

[jomeu]

"the important thing was i had an onion on my belt, which was the style at that time..."

[myliverwurst]

wasn't it a big yellow onion?

[Tasadaru]

The other guy must not know about the current monetary base and revolving credit. It looks like a damn hockey stick. Assuming that none of the gold has left the U.S. if the U.S. were to back all the printed money and revolving credit of today then gold would have to at least exceed $10,000. That's assuming the government does not print money for the unfunded liabilities.

[ampelmaennchen72]

Peter, a little media training would be nice.

I fully agree with your arguments and analysis, but you have to slow down. Let someone else speak, don't interrupt him/her and don't raise your voice so much.

[sleinad]

I don't always agree with Peter's arguments and analysis but I think he is behaving well here. There are far less articulate people who shout a lot more and yet do not manage to get their point across. This is one of the better Peter Schiff debates I've seen as even though his opponent disagrees with him, he's not obnoxious.

PS nice collection of videos on your profile page, little traffic light guy!

[vinny1010]

Peter has a habit of not listening lol

But he knows his stuff, though I disagree with him one thing - price manipulation. I believe, unlike him, that PM market's prices are heavily manipulated.

I like Max Keiser & Gerald Celente better though

[601373]

Why is it worth mentioning such a nit picky detail about why you disagree w/ Peter Schiff? Do you have a comparable understanding of Austrian Economics, do you run your own investing firm, have you made it a point to consistently scream "Wrong" in the face of every laughing idiot who thinks the economy is OK?

If you have done all of these then fine, your opinion is totally worth mentioning. But if you have not then keep your critiques of somebody who understands capitalism to yourself.

[vinny1010]

You don't need to run an investment firm to understand manipulation. How am I consistently screaming 'wrong'?  And how is it that I do not understand capitalism, why because I believe precious metals prices are manipulated by JP Morgan and Goldman Sachs? Why b/c I believe it is impossible to have same gold prices as 1980s? lol. Use your common sense.

Your conclusion lacks analysis - work on it.

[601373]

I wasn't talking about you screaming wrong, I was talking about the difficulty Peter Schiff has had to endure since he came onto the scene. I was asking if it was worth mentioning your little tidbit of information which you disagree with Peter Schiff.

Gold prices, regardless of whether or not they are being manipulated are still subject to an increase in value when there is a continual inflation of the currency from which it is based off of.

[jsnvoe434]

Hey everybody, Peter Schiff is now being supported by the National Inflation Association to run for Senator! Check out their latest NIA article and signup for the free NIA newsletter at: Inflation . us

[malibuhur12]

inlation . us is a scam and not affiliated with Peter Schiff