My biggest awakening in the last year is the fact that are monetary system is in and of itself a scam. The system is built on debt and it requires ever increasing debt to function. Likewise the dollar will decline until it collapses. It is what it is. The system requires exponential growth to continue and that is NOT possible. Please everybody watch the movie "Money as Debt" on You Tube
So stimulus can = Steriods (for the economy of course) then couldn't this play out just like all the sports players that took steroids (don't want to name anyone) come later and say "yea we were using steriods" but still we have our trophies and stuff?
"Stimulating" an economy is like doping a horse: it makes the horse run faster, but it harms the horse. The longer and more intense the doping, the more damage that is done.
Unfortunately, the damage is difficult to detect—after all, the horse is running great. The damage only becomes obvious when the doping stops—and the horse collapses.
"Stimulus" is crack to politicians: like doping a horse, it creates the ILLUSION of prosperity, and that's enough to fool most voters.
Every stimulus they push through throws money toward their special interests groups who in turn push some of that same money collectively toward their campains. The money they borrow has interest that they do not have to pay back, the tax payers do, and thats why they like spending the money at the present value as they depreciate it toward the future. It is actually an elementary game once you understand how easy it is to make money off a crisis. People are distracted from whats happening
Does anyone else in here feel like we're being played for fools here and schiff has some alterior motives?? Is it possible that peter is what alex jones calls "controlled opposition"?? I mean, why else would he be allowed on the mind manipulative mainstream media regularly blasting the power and its actions?? Is it possible Mike Norman is his FOIL character cast in this not so planned out drama?? Something is just telling me that things are not how they appear here.........anyone else??
Highly doubtful. If anything, Peter was allowed on mainstream news for the purpose of discrediting those who think like he does. Just watch his interviews from 3 years ago, they were laughing at him ! It doesn't get much worse than that.
I am about 2 vids away from not watching this guy anymore. I can't afford to buy gold. I think if he wants to win he needs to identify who is watching these vids. Teach us something new. We already have heard him tell us over and over and over to buy gold.
Teach about the economy. Decide if you want to be a salesman, or a teacher..
Soco, buddy, relax. It doesn't sound like gold would fix your present condition anyway. Go find his book for free on a torrent site or something and read it. It has a lot of good stuff about the economy you find yourself in so maybe it'll help you out on the education front if that is what you're looking for. I'm sure you're in a tough spot, but what is up with people being too lazy to help themselves when it's right there in front of them? If you truly want to learn, then do it. You decide.
I am not a big fan of gold salesmen either I think they play on peoples fears but Peter is worth watching. You dont have to agree with everything he sez.
This video need be promoted, they promote wrong videos.
Schiff explains things so well and easy. I just wonder how will be received in congress, will he be to right and on the money fr them? s he not a crony enough to serve in congress?
The government is doing the same thing that germany wanted to do to both the uk and us in ww2. but germany failed. but now our own government is doing now what nazi germany wanted to do back in ww2.
I'm with Schiff on gold and everything else--I would be buying if I had a job! Anyway, I'm sure he admires Jim Rogers, and I wonder how he would answer his assertion that he's not buying gold, because he says he never buys something when it's at its peak price. Thoughts?
Hi Dennis, when J Rogers sells that gold coin he walks around showing everyone, that will be enough conviction from him to make me take notice. When you think about, using gold makes no sense as a means of "real money", with one exception. It has always been that way. There is no other real reason, logically speaking. When Gold finally bubbles, which may be several years away for all I know, as many people will get caught in it as did the market crash in 2008. It's all perception, run with it.
Gold has been money for thousands of years, it has commercial/industrial applications, its intrinsic value is recognized the world over.
The US. dollar has been money for about 233 years, it holds no intrinsic value what so ever, these fancy little pieces of paper have been declining in value at an exponential rate, plus less and less people in the world see them as having value, I'll take my chances with gold and silver.
I believe I said the same thing in my post PHANTO, namely that gold has perceived value because it always has been that way. There is no other real reason for it however. I made no statement at all about fiat currency, which is another trade I also play. I realize that everything I trade, which includes gold, currency, stock, oil, debt, is based on a perception of worth during those moments in time. Case in point. It did no-one any good to bet against the USD last year despite the fundamentals.
There's a saying we use as traders......How much do you want to lose being 'right'?
My answer is "As little as possible".
The take-away is everything is a trade for a time and marrying an idea, even if it is based on Fundamentals (and knowing you fundamentals is a shifty-proposition for most) does not guarantee a thing. I will continue to go long on Gold because that's the trade. When that trade ends I suspect I will see it within a reasonable time frame.
Yessir, Phanto, I agree, Gold does have real value. What that value is, is most likely a moving target, and what makes things even more muddy is, perception of that value is also a factor. If you lived long enough I suspect it would not matter, because you could wait for it to come around. The problem is we are very finite, and waiting for perception to come around to whatever your reality is, is a horrible way to gain wealth. An example of that was going long gold and short the USD in 2008.
I agree that gold has gone up a lot lately, and that can be scary, but most feel that it hasn't reached where it would be if we had never left the gold standard.
But I'll say it again, where would be the best place to keep money?
There is no way I'm keeping mine in something that can (and is) be made in a printing press!
At this point it's not about making wealth, it's about preserving it. even just some of it.
It's all about making wealth, Phantom. If I'm sitting still and the market is open, I am most likely doing something wrong.
That may sound greedy, but there's no upside in losing ground.
I will admit to being a short-term trader, and I admit I like to trade with the fundamentals that Peter espouses most. That doesn't preclude me from trading in direct opposition to him at times.
Yes Boris, that was one wild and profitable last three days. That was some kind of run-up into the close. The markets sure are getting 'jiggy' the last couple of weeks. I can't wait for things to open Monday.
I believe the only countries that didn't sign on to become an "OPEC" and would be held to sell/trade their oil in USD were Iran, Iraq and Venezuela so they never had a gun held to their head to buy our debt, or perhaps they do now.
War for Sugar in Cuba in the late 1800's is a good example. Spain wouldn't let the new land barons centralize their citizens so we showed them eh?
Iran nationalized their oil industry in 1951 and then in 1953 there was a CIA coup, Operation Ajax, that overthrew the government of the popular Prime Minister Mosaddeq
Sux to be them I guess (sorry) no ill intent here just the facts
i think this stock market volatility signals that we are enter a trading range at about 10,000. as happened several years back. the question will be, how long will the market remain in that duct before either advancing again, or falling severely.
Another insightful vlog from Mr. Schiff. His vision of the phoney economy reminds me of the Cultural Revolution is China. While millions starved, the Gov proclaimed success. The Chinese artists evenutally came up with a term to describe the phenomena... Ziqiqirin... which means "Self deception while deceiving others."
You know what? I'm not going to cry foul at your racist accusation based on a few coincidental relations and anecdotes.
If the jews are taking over, good for them. Everybody's been out to kill them for thousands of years. Let them do what they can do survive. You just keep on blustering about in the youtube comments section.
Paul follows the platform of the LP more, but him and peter are both members of the republican party. Although, the plurality voting system favors only the 2 largest parties of which the libertarian party is not(at least yet).
I think the entire political system is a joke, theres never any change just lots more of the same disguised as change, ie. Obama. I dont think there will be much change when peter is (s)elected to congress.
Schiff for president. Just be careful peter, cos if you dont tow the rockefeller line, they'll whack you without a second thought. Surprised Ron Paul is still where he is. It would be great if you 2 could form an administration, you will be stronger together.
he did a sketch on his website where he said the US will attack Iran for not using USD, just like they did with Iraq, under the pretext of "protecting" Israel. This should be obvious.
No, the main reason for attacking Iraq was so that Bush's and Cheney's republican cronies could profit from "reconstruction" contracts. We had to destroy before we could rebuild.
I dont think that was the only or main reason. Bush and Cheney did benefit from "reconstruction" theres no doubt about that but Israel does have a very powerful group of men in America with dual citizenships. Men from all circles in very influential positions. Mr's. Schumer, Lieberman, Levin and allen are all dual citizens who very easily could have ok'd the invasion and occupation of the middle east to benefit their home country.
It's called OIL. We are in the middle of a Action Plan to control the natural resources of the planet. Why do you think we want to attack Iran ? For Israel ? Not quite. Afghanistan has its pipeline... Iraq the oil... Iran the same as Iraq... the Caucasus (Georgia) natural gas & oil. This has been in the works for DECADES. Bush just found away to get it all started. No matter what you think... 9-11 inside or outside job. It was the perfect excuse to spread the Empire.
I'm sorry... but Israel doesn't win when America loses. Without our support of money, weapons, & communications, Israel doesn't last a year. Israel has no natural resources to exploit. A smaller than average number in population & no blue-water Navy. To become a Super-Power on this planet... you need a blue-water Navy(which they don't), a top of the line Air Force (which they have), & Space borne assests (which they don't). Without the 3... a country the size of Israel doesn't stand a chance.
Put the bong down Bro , We ( the "Oil Mongers" ) are as of this minute as a Nation instead watchn' China Grab-up every natural resource in Iraq ( We arn't Oil Mongering Iraq China Is) just as the recent Huge Pools off the coast Fla. Yep China, Ven., Norway, Bp, We ( The Dummies) are sayin' Naaah, China.....We'll Continue being @ mercy of Higher Energy & Rogue Nations to Dictate Us in any direction they desire ! As the brits' would say "BRILLIANT!"
Dude... talk about 'Putting the bong down.' We... the west... placed most of those dictators in power. China isn't invading countries... We ARE !! Get a map out... check to see how many countries the Chinese Army is in. The compare that to the US & Brits military presence around the world. You were saying ? What China is doing is called TRADE. Get a clue.
"We arn't Oil Mongering Iraq China Is"... last time I checked... the US invaded that country, not China.... but they are the ones Oil Mongering ? That's where it came from. China is acting as a trading partner with other countries... the US & its allies are the one invading to control those resources. Funny how you didn't read what you wrote.
Not only are you another Bush is "Solely @ Fault " but I can see Attempting @ reasoning with someone of such "Greatness".....but here goes.
China - is - the - sole Major - Contractor - Utilizing - it's R-E-S-O-U-R-C-E-S in ( all together class ) I-R-A-Q very goooooooood now...... Again.....where the "I-N-V-A-S-I-O-N " issue came from is beyond me
NO... you have once again forgotten to read what was written.
Bush was the latest puppet to expand American Empire.
NO ONE is saying that China isn't TRADING for resources in IRAQ. I am saying that they are acting as trading partners... nothing wrong with that. The US & its allies are trying to undercut the China influence by invading Oil rich countries that don't bow to our will. Its been going on since 1953. Back then it was Russia we were cutting off. Learn to read.
And again, your initial comment on "Aww Bush Cr8'ed The War In Iraq b/c Of their Oil Blah....It was Bush/Bush/Bush.....OIL/oil/OIL.... and again (for the third x) YOU "forgot to read" stated "This Country did not go "Into Iraq for their OIL" If it were true WE would be the MAIN COUNTRY Scavenging up Iraq's OIL & WE ARE NOT/ iT'S C-H-I-N-A (Just as everyother developed Nation is Sucking up all of the recent Oil Pools discovered Psssst! Not The U.S. so...thnx for finally understanding 0.o wow
Stupid is as stupid does I guess. You need to get an education before you start commenting on YouTube. The US is the WORLDS oil refinery. US/British OIL Companies are reaping the benefits far more than of the other countries on the planet. Once again... what China is doing is called trade... what the US is doing is called a War Crime. But I wouldn't expect you to understand with your mind being so small. Haliburton... KBR... BP.... Exxon/Mobile... nah they haven't made out like bandits in Iraq.
Great question to ask. I also believe that things arent how they seem with Peter who happens to be a Jew. For some strange reason, I think we're being played for fools here. Why else would the mind manipulative media allow Peter on television offering his criticism of the power when others are not?? Another jew in congress is not what we need. I really hope im wrong here peter but your brethren Schumer, Lieberman, Levin, Allen, Emmanuel, Waxman, Frank and the others jews are screwing us bad.
I think this resilency of Gold shows INFLATION kicking in.... Oil, Stocks, Copper and all the rest (including Silver) seem to be forced to chase the strength of Gold Price in terms of their own Price (not Value, ie Inflation).... Any comments???
Take Oil, if demand was destroyed (by previous high and peak credit), then there is ample daily supply at the Auction, and the price is gonna find itself. So, this pricing mechanism is true for things with large amounts of bidders and sellers.
Gold has risen more (in comparison) than other things recently, and now stubbornly residing above $1000, That sounds like inflation, some might argue "it's rising demand", which I say can also be destroyed by price, we'll see!
Who's fear though.....what if price was $2000/ozt.... when does fear become EXUBERANCE....cuz, I'd call Gold running up to $2000/ozt exuberant at this time...specifically with no significant moves in other areas (stocks, bonds, commodities in general).
Yep I saw a number of people panic afraid they would miss the Real estate boat and bid houses up too high and freddie and fannie and the congress allowed it to happen.
If you listen to several of Peter's recorded messages or read his articles, you will learn that the problem we face is actually very simple. Meanwhile the establishment refuses to acknowledge the truth that is presented and will continue further down the wrong road.
What is put forward as being the truth by the great majority of governments in this world, is actually NOT the truth at all.
Very few see this glaring error (and even fewer act on what they see).
Those that do 'take action' will be relatively safe/protected, whereas those that know nothing (and so do nothing) are doomed to 'suffer terribly' during the inevitable process of their waking up.
From my point of view 'ITS THE BEST WAY TO LEARN'.
I agree, Peter, no flag pin! Your supporters know you more than just a superficial level. Take off your politician costume when holloween's over and just be Peter Schiff.
That is the Trillion dollar question... isn't it ?
I got a few of answers for ya.
First... start growing your own food.
Second... find a place that has access to a well for water.
Third.... start making connections in your community to deal with goods & services that will be needed. (ie Doctors, Electricians, Plumbers, Chemist, etc.)
That will at least get you started... if you have some money to invest now. If not... Wow, start getting family together. Strength in numbers as they say.
Ah yes IWash, the ole' we'll beat you up behind the school type of stable. Yes, I know that American rhetoric well.
Look around, it ain't working out for you.
US military, big deal. Since the Invasion of Kuwait, almost 20 years ago the USD has done nothing but go down hill. Why with that track record of stability would anything change now. Caboose not Engine, as Peter says.
I don't mind some patriotism, but it needs to be tempered with some facts now and again.
Remember when Gitner went to China and told the Chinese students that the US dollar was safe and they laughed at him? That was the day Tim Gitner begged and pleaded to the Chinese to continue buying our debt. It won't be long before they stop.
China is using its USD reserves to buy up resources around the world. China is slowly unwinding from the dollar. If & when China throws the dollar under the bus... they will be in perfect position to take advantage. Right out of Sun Tzu's play book. This is Economic Warfare @ its finest. Too bad the US has made itself the target. IMHO.
Because the value of the dollar and the military are both floating. Both are subject to public perception and opinion. The important thing is that their relative strength or weakness as compaired to others is unchanged. As long as the military is the strongest in the world the u s will be the safest place to put your money. imo.
Relative position meaning the dollar is still the dominate currancy in the world. I know how you feel you want the U S to fall. Everyone wants to knock the king off the hill. If you think the Euro doubling in value aginst the dollar is a good thing for Europe you are wrong. imo.
Ok sorry. Yes stable is not the right word as the dollar is floating. What i am trying to say is that America with all its faults is still the best bet for the long term in the world. Its just my opinion and China buying u s bonds supports this opinion in my opinion.
This is exactly what happens when you try and wash your own brain. You damage it.
If this is your typical American thinking, you are far more screwed than I thought. Say it isn't so.
So far we've gone from stable to floating to weak(but weak is good) and since China is buying your exponentially growing debt that also is a good sign.
At a guess, I'd say it's because of the signal it would send to the rest of the world if they stopped. If China stops buying US treasury bills and the dollar collapses, then all of China's reserves of US dollars become utterly worthless. Strategically, it's better to prop up the US dollar long enough to diversify out of their huge reserves and spend the money on assets, raw materials, etc. while the US dollar still has some value. They're probably spending a lot faster than they're buying.
The GDP growth numbers are a joke. Show me what we produced. Don't tell me what we borrowed and spent. What did we produce this quarter. Then subtract what we borrowed and spent. If we did not produce more than we spent what percentage of our spending was in R&D or other investment vs consumer spending. Did we at least lay the groundwork for actual wealth production? The answer, of course, is no. There is no real wealth production. The patient is still too sick to work.
I just saw Joe Biden's speech from today on CSPAN and I heard him say that the stimulus saved something like 3.2 million jobs. Well that's basically the same as saying that it prevented 3.2 million people from potentially employing themselves. He also said that GDP was up 3%. If so then we don't any more stimulation. But, knowing how heavily the BLS distorts it's report of GDP, it's probably down 3%.
What I don't understand is how the GDP can be up when you've lost millions of jobs, and continue to lose thousands every day. Like you said it's either clever accounting, or the effect of pouring trillions of tax payer dollars into the stock market, and failing corporations.
Is it just me?!?; I just noticed (for hours now) that this link has been sitting at about 315 views without changing. Gotta love Youtube! Anyway Mr.Schiff;...YOU GOT MY VOTE!!!
Yeah youtube sucks. It seems that they prioritize their servers bandwidth for updates to those who pay them the most, their partners, and government supported channels.
I don't know. I value the commentary. It's been a very "interesting" week. It's great to have Peter's view on what's going on even if it leads back to the same old message every time.
i appreciate peter taking time out of his busy schedule to talk to us. if your not interested in economics itll get more interesting when he starts debating his political opponents and talks more about that.
It will be exciting. If Schiff gets to have a real debate with that fat criminal Chris "fundamentally strong" Dodd he'll make him look like the bumbling dufus that he is. Should also be interesting to see Dodd's attack ads:
"Peter Schiff, the man who wants you to buy foreign. Peter Schiff the man who said Americans don't know how to spend their own money! Peter Schiff, bad for business, bad for America"
You are right Peter. the only thing is, this administration is intentionally trying to bring down the economy and destroy the country. It is part of the plan. Geither did his thesis on the Great Depression, if common people understand that printing money devalues the dollar, there is no way he doesn't understand it. He is a fool with bad motives.
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niwanthiumara 9 months ago
I'ld vote for him
vandall 2 years ago
My biggest awakening in the last year is the fact that are monetary system is in and of itself a scam. The system is built on debt and it requires ever increasing debt to function. Likewise the dollar will decline until it collapses. It is what it is. The system requires exponential growth to continue and that is NOT possible. Please everybody watch the movie "Money as Debt" on You Tube
booger546 2 years ago 3
And, it's the begging of the month, a reversal time.
Nice base with a pull back, the first one. Nice Bounce. 5 year on yahoo finance GLD
Houston - We have lift off!
joescarafone 2 years ago
you do a great service for america,thank you.they didn't want to listen to you because they were making to much money,their still making money.
areyoulookinatmepal 2 years ago
So stimulus can = Steriods (for the economy of course) then couldn't this play out just like all the sports players that took steroids (don't want to name anyone) come later and say "yea we were using steriods" but still we have our trophies and stuff?
Thanks again sir. You educate me a whole lot.
Mustafoinc 2 years ago 2
"Stimulating" an economy is like doping a horse: it makes the horse run faster, but it harms the horse. The longer and more intense the doping, the more damage that is done.
Unfortunately, the damage is difficult to detect—after all, the horse is running great. The damage only becomes obvious when the doping stops—and the horse collapses.
"Stimulus" is crack to politicians: like doping a horse, it creates the ILLUSION of prosperity, and that's enough to fool most voters.
qralston 2 years ago
Every stimulus they push through throws money toward their special interests groups who in turn push some of that same money collectively toward their campains. The money they borrow has interest that they do not have to pay back, the tax payers do, and thats why they like spending the money at the present value as they depreciate it toward the future. It is actually an elementary game once you understand how easy it is to make money off a crisis. People are distracted from whats happening
G0dspelronin 2 years ago
AUDIO PERFECTTTT :D
Brilliant, even on my LAPTOP :) :) :).
anshu1234 2 years ago
Brilliant!!!!
UpTick21 2 years ago
What a great video. Thanks Peter!
txeber 2 years ago
The stimulus is basically teaching someone to walk with a handicap.
at1212b 2 years ago
Does anyone else in here feel like we're being played for fools here and schiff has some alterior motives?? Is it possible that peter is what alex jones calls "controlled opposition"?? I mean, why else would he be allowed on the mind manipulative mainstream media regularly blasting the power and its actions?? Is it possible Mike Norman is his FOIL character cast in this not so planned out drama?? Something is just telling me that things are not how they appear here.........anyone else??
CASTILLOM1 2 years ago
Highly doubtful. If anything, Peter was allowed on mainstream news for the purpose of discrediting those who think like he does. Just watch his interviews from 3 years ago, they were laughing at him ! It doesn't get much worse than that.
booger546 2 years ago
The economy is starting to sound like a Dr Seuss book.
JollyMunkie 2 years ago
More common sense from Peter, we need more like him.
sonygvf 2 years ago
eat the rich
most of wall street should be in prison
until we see justice people will spend
go after the big guys and stop picking on the little people
marniespeaks 2 years ago
iow start naming names
marniespeaks 2 years ago
The economy is getting the DTs.
nonantianarchist 2 years ago
I am about 2 vids away from not watching this guy anymore. I can't afford to buy gold. I think if he wants to win he needs to identify who is watching these vids. Teach us something new. We already have heard him tell us over and over and over to buy gold.
Teach about the economy. Decide if you want to be a salesman, or a teacher..
socobliss 2 years ago
Soco, buddy, relax. It doesn't sound like gold would fix your present condition anyway. Go find his book for free on a torrent site or something and read it. It has a lot of good stuff about the economy you find yourself in so maybe it'll help you out on the education front if that is what you're looking for. I'm sure you're in a tough spot, but what is up with people being too lazy to help themselves when it's right there in front of them? If you truly want to learn, then do it. You decide.
TraderSteveR 2 years ago
I am not a big fan of gold salesmen either I think they play on peoples fears but Peter is worth watching. You dont have to agree with everything he sez.
IWashMyOwnBrain 2 years ago
Thanks Peter!
roseagain2 2 years ago
This video need be promoted, they promote wrong videos.
Schiff explains things so well and easy. I just wonder how will be received in congress, will he be to right and on the money fr them? s he not a crony enough to serve in congress?
dmdum 2 years ago
go away!!!
turtleblues66 2 years ago
Comment removed
alastair78 2 years ago
the people in charge, can't be this stupid. what is happening now IS part of a plan. But what is this plan? or maybe they really are this stupid...
dreamthinker79 2 years ago
Thanks again Peter.
Always appreciate these blogs of yours.
Have a great weekend.
McRocket 2 years ago 5
Is this Peter recording from his fallout shelter? haha this guy is Mr. Doomsday.
silverbluejc 2 years ago
hey any single guys here? i doubt it
jennbootz349 2 years ago
i can pay
creten69 2 years ago
yes
joedk325 2 years ago
N n n n n nineteen
Nineteen
sorry darlin', not interested in someone no older than the average age of a soldier in Viet Nam during the US siege of that nation.
maskedphrogg 2 years ago
Comment removed
RosenzweigBenjamin 2 years ago
Mister Schiff you are the smartest person i have ever seen on the subject of economy .
Best wishes from Amsterdam
(The Netherlands)
SuperSssss1 2 years ago
Peter, do you think you would gain enough voters to justify putting a campaign ad on CNBC?
SamuraiCommando 2 years ago
The government is doing the same thing that germany wanted to do to both the uk and us in ww2. but germany failed. but now our own government is doing now what nazi germany wanted to do back in ww2.
edmund94232 2 years ago
again! peter sound likea broken record.
i'm not totally agreed with thegovernment been doing. but sometimes doing the wrong thing is the only right thing to do.
sunnyjong1 2 years ago
Are you retarded?
Vunks2000 2 years ago
do you even realize what you just wrote?
ForTehNguyen 2 years ago 2
"but sometimes doing the wrong thing is the only right thing to do"
Please explain the magical process by which doing the wrong thing becomes the "only" right thing.
nonantianarchist 2 years ago
I'm with Schiff on gold and everything else--I would be buying if I had a job! Anyway, I'm sure he admires Jim Rogers, and I wonder how he would answer his assertion that he's not buying gold, because he says he never buys something when it's at its peak price. Thoughts?
dennis345 2 years ago
Hi Dennis, when J Rogers sells that gold coin he walks around showing everyone, that will be enough conviction from him to make me take notice. When you think about, using gold makes no sense as a means of "real money", with one exception. It has always been that way. There is no other real reason, logically speaking. When Gold finally bubbles, which may be several years away for all I know, as many people will get caught in it as did the market crash in 2008. It's all perception, run with it.
TraderSteveR 2 years ago
To; TraderSteveR
Gold has been money for thousands of years, it has commercial/industrial applications, its intrinsic value is recognized the world over.
The US. dollar has been money for about 233 years, it holds no intrinsic value what so ever, these fancy little pieces of paper have been declining in value at an exponential rate, plus less and less people in the world see them as having value, I'll take my chances with gold and silver.
phantomcharger 2 years ago 2
I believe I said the same thing in my post PHANTO, namely that gold has perceived value because it always has been that way. There is no other real reason for it however. I made no statement at all about fiat currency, which is another trade I also play. I realize that everything I trade, which includes gold, currency, stock, oil, debt, is based on a perception of worth during those moments in time. Case in point. It did no-one any good to bet against the USD last year despite the fundamentals.
TraderSteveR 2 years ago
PHANTO, Gold has limited use really.
There's a saying we use as traders......How much do you want to lose being 'right'?
My answer is "As little as possible".
The take-away is everything is a trade for a time and marrying an idea, even if it is based on Fundamentals (and knowing you fundamentals is a shifty-proposition for most) does not guarantee a thing. I will continue to go long on Gold because that's the trade. When that trade ends I suspect I will see it within a reasonable time frame.
TraderSteveR 2 years ago
But gold does have real value, much like oil or ham sandwiches, it's just easier to keep in your pocket.
And at the end of the day, you have to store your wealth in something.
phantomcharger 2 years ago 2
Yessir, Phanto, I agree, Gold does have real value. What that value is, is most likely a moving target, and what makes things even more muddy is, perception of that value is also a factor. If you lived long enough I suspect it would not matter, because you could wait for it to come around. The problem is we are very finite, and waiting for perception to come around to whatever your reality is, is a horrible way to gain wealth. An example of that was going long gold and short the USD in 2008.
TraderSteveR 2 years ago
I agree that gold has gone up a lot lately, and that can be scary, but most feel that it hasn't reached where it would be if we had never left the gold standard.
But I'll say it again, where would be the best place to keep money?
There is no way I'm keeping mine in something that can (and is) be made in a printing press!
At this point it's not about making wealth, it's about preserving it. even just some of it.
phantomcharger 2 years ago
It's all about making wealth, Phantom. If I'm sitting still and the market is open, I am most likely doing something wrong.
That may sound greedy, but there's no upside in losing ground.
I will admit to being a short-term trader, and I admit I like to trade with the fundamentals that Peter espouses most. That doesn't preclude me from trading in direct opposition to him at times.
It's all market perception.
Have a good one.
TraderSteveR 2 years ago
Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor.
-Zoidberg.
hindoocow 2 years ago 2
interesting point on gold- gold stock relative firmess friday, hanging on to Thursdays gains.
borisbmx 2 years ago
Yes Boris, that was one wild and profitable last three days. That was some kind of run-up into the close. The markets sure are getting 'jiggy' the last couple of weeks. I can't wait for things to open Monday.
TraderSteveR 2 years ago
Americans living beyond their means has finally caught up with them.
Melville10 2 years ago 3
I agree to a point...
I believe the statement should read....
American government living beyond its means has finally caught up to all of us.
MrWizenBud 2 years ago 4
Well said....
CASTILLOM1 2 years ago
What is next? A stimulus for stimulus packages?
I believe the only countries that didn't sign on to become an "OPEC" and would be held to sell/trade their oil in USD were Iran, Iraq and Venezuela so they never had a gun held to their head to buy our debt, or perhaps they do now.
War for Sugar in Cuba in the late 1800's is a good example. Spain wouldn't let the new land barons centralize their citizens so we showed them eh?
Remember the Maine?
CTOL1 2 years ago
Great point. The non OPEC countries were considered our enemies because they wouldnt conform to our rules.
CASTILLOM1 2 years ago
Iran nationalized their oil industry in 1951 and then in 1953 there was a CIA coup, Operation Ajax, that overthrew the government of the popular Prime Minister Mosaddeq
Sux to be them I guess (sorry) no ill intent here just the facts
CTOL1 2 years ago
i think this stock market volatility signals that we are enter a trading range at about 10,000. as happened several years back. the question will be, how long will the market remain in that duct before either advancing again, or falling severely.
adamitshelanu 2 years ago
Another insightful vlog from Mr. Schiff. His vision of the phoney economy reminds me of the Cultural Revolution is China. While millions starved, the Gov proclaimed success. The Chinese artists evenutally came up with a term to describe the phenomena... Ziqiqirin... which means "Self deception while deceiving others."
billschannel 2 years ago
Good explanation Peter
kraaamerica 2 years ago
the banks need more serfs! credit cards are good and we should all drink our fluoride along with a dose of flu-shots!
Arginine88 2 years ago
Our leaders will NEVER do the right thing by choice.
Correction will only occur when they cannot prevent it.
averagejoe040 2 years ago
Comment removed
CASTILLOM1 2 years ago
remember that peter schiff is a jew.
intercourseman69 2 years ago
Comment removed
CASTILLOM1 2 years ago
@CASTILLOM1,
Emmanuels father must be severely disappointed.
averagejoe040 2 years ago
You know what? I'm not going to cry foul at your racist accusation based on a few coincidental relations and anecdotes.
If the jews are taking over, good for them. Everybody's been out to kill them for thousands of years. Let them do what they can do survive. You just keep on blustering about in the youtube comments section.
Dyhalto10 2 years ago
Comment removed
CASTILLOM1 2 years ago
I think Peter and Ron Paul should start the 3rd party that Celente has talked about.
feverpitch82 2 years ago 5
I think the third party is already out there, its called the Libertarian Party of which Ron Paul and Peter Schiff are members.
CASTILLOM1 2 years ago
...and ME!
helltrackrider 2 years ago
Paul follows the platform of the LP more, but him and peter are both members of the republican party. Although, the plurality voting system favors only the 2 largest parties of which the libertarian party is not(at least yet).
new01 2 years ago
I think the entire political system is a joke, theres never any change just lots more of the same disguised as change, ie. Obama. I dont think there will be much change when peter is (s)elected to congress.
CASTILLOM1 2 years ago
Another problem is what people spend their money ON!!
If you spend your money on an item of classy furniture that will last many lifetimes then its a good 'investment' in 'Quality of Life'.
But if you spend your money on some junk flatpack that needs replacing in two years when 'fashions' have changed then the money is 'gone'. Wasted IMO.
If we ONLY made 'quality' long-lasting products on this planet EVERYONE on Earth could have 'Quality' lives eventually!!
ejbh3160 2 years ago
Great point!
WPAJoker 2 years ago
Schiff for president. Just be careful peter, cos if you dont tow the rockefeller line, they'll whack you without a second thought. Surprised Ron Paul is still where he is. It would be great if you 2 could form an administration, you will be stronger together.
sixstringmat 2 years ago 3
great vid!
Annihilate3275 2 years ago
There is no way to fix this economy with an "easy fix". people AND the government need to stop spending and the people need to hear the truth.
Herbalpagan 2 years ago
Mr Schiff are you a Zionist? What is your opinion on Israel?
tommy6238 2 years ago
he did a sketch on his website where he said the US will attack Iran for not using USD, just like they did with Iraq, under the pretext of "protecting" Israel. This should be obvious.
Ilovedachau 2 years ago 2
Isn't protecting Israel was main reason for attacking Iraq and everything else was pretext?
tommy6238 2 years ago
No, the main reason for attacking Iraq was so that Bush's and Cheney's republican cronies could profit from "reconstruction" contracts. We had to destroy before we could rebuild.
manonthemount 2 years ago
I dont think that was the only or main reason. Bush and Cheney did benefit from "reconstruction" theres no doubt about that but Israel does have a very powerful group of men in America with dual citizenships. Men from all circles in very influential positions. Mr's. Schumer, Lieberman, Levin and allen are all dual citizens who very easily could have ok'd the invasion and occupation of the middle east to benefit their home country.
CASTILLOM1 2 years ago
It's called OIL. We are in the middle of a Action Plan to control the natural resources of the planet. Why do you think we want to attack Iran ? For Israel ? Not quite. Afghanistan has its pipeline... Iraq the oil... Iran the same as Iraq... the Caucasus (Georgia) natural gas & oil. This has been in the works for DECADES. Bush just found away to get it all started. No matter what you think... 9-11 inside or outside job. It was the perfect excuse to spread the Empire.
MrWizenBud 2 years ago
Well said, only our empire will not survive no matter how many nations are toppled America will fall. The only nation that benefits is Israel.
CASTILLOM1 2 years ago
I'm sorry... but Israel doesn't win when America loses. Without our support of money, weapons, & communications, Israel doesn't last a year. Israel has no natural resources to exploit. A smaller than average number in population & no blue-water Navy. To become a Super-Power on this planet... you need a blue-water Navy(which they don't), a top of the line Air Force (which they have), & Space borne assests (which they don't). Without the 3... a country the size of Israel doesn't stand a chance.
MrWizenBud 2 years ago
Put the bong down Bro , We ( the "Oil Mongers" ) are as of this minute as a Nation instead watchn' China Grab-up every natural resource in Iraq ( We arn't Oil Mongering Iraq China Is) just as the recent Huge Pools off the coast Fla. Yep China, Ven., Norway, Bp, We ( The Dummies) are sayin' Naaah, China.....We'll Continue being @ mercy of Higher Energy & Rogue Nations to Dictate Us in any direction they desire ! As the brits' would say "BRILLIANT!"
gofucoffee 2 years ago
Dude... talk about 'Putting the bong down.' We... the west... placed most of those dictators in power. China isn't invading countries... We ARE !! Get a map out... check to see how many countries the Chinese Army is in. The compare that to the US & Brits military presence around the world. You were saying ? What China is doing is called TRADE. Get a clue.
MrWizenBud 2 years ago 2
No-One ever said "Invading A Country" ....is that what you got from What I just stated? WOW
gofucoffee 2 years ago
"We arn't Oil Mongering Iraq China Is"... last time I checked... the US invaded that country, not China.... but they are the ones Oil Mongering ? That's where it came from. China is acting as a trading partner with other countries... the US & its allies are the one invading to control those resources. Funny how you didn't read what you wrote.
MrWizenBud 2 years ago
Not only are you another Bush is "Solely @ Fault " but I can see Attempting @ reasoning with someone of such "Greatness".....but here goes.
China - is - the - sole Major - Contractor - Utilizing - it's R-E-S-O-U-R-C-E-S in ( all together class ) I-R-A-Q very goooooooood now...... Again.....where the "I-N-V-A-S-I-O-N " issue came from is beyond me
gofucoffee 2 years ago
NO... you have once again forgotten to read what was written.
Bush was the latest puppet to expand American Empire.
NO ONE is saying that China isn't TRADING for resources in IRAQ. I am saying that they are acting as trading partners... nothing wrong with that. The US & its allies are trying to undercut the China influence by invading Oil rich countries that don't bow to our will. Its been going on since 1953. Back then it was Russia we were cutting off. Learn to read.
MrWizenBud 2 years ago 4
And again, your initial comment on "Aww Bush Cr8'ed The War In Iraq b/c Of their Oil Blah....It was Bush/Bush/Bush.....OIL/oil/OIL.... and again (for the third x) YOU "forgot to read" stated "This Country did not go "Into Iraq for their OIL" If it were true WE would be the MAIN COUNTRY Scavenging up Iraq's OIL & WE ARE NOT/ iT'S C-H-I-N-A (Just as everyother developed Nation is Sucking up all of the recent Oil Pools discovered Psssst! Not The U.S. so...thnx for finally understanding 0.o wow
gofucoffee 2 years ago
Stupid is as stupid does I guess. You need to get an education before you start commenting on YouTube. The US is the WORLDS oil refinery. US/British OIL Companies are reaping the benefits far more than of the other countries on the planet. Once again... what China is doing is called trade... what the US is doing is called a War Crime. But I wouldn't expect you to understand with your mind being so small. Haliburton... KBR... BP.... Exxon/Mobile... nah they haven't made out like bandits in Iraq.
MrWizenBud 2 years ago
Great question to ask. I also believe that things arent how they seem with Peter who happens to be a Jew. For some strange reason, I think we're being played for fools here. Why else would the mind manipulative media allow Peter on television offering his criticism of the power when others are not?? Another jew in congress is not what we need. I really hope im wrong here peter but your brethren Schumer, Lieberman, Levin, Allen, Emmanuel, Waxman, Frank and the others jews are screwing us bad.
CASTILLOM1 2 years ago
Common sense again go Schiff
Intervene 2 years ago
Spending what, were broke.
Hear hear.
connecttoyourenergy 2 years ago
This has been flagged as spam show
Great Info. thanks for posting.
Whorulesnow 2 years ago
I think this resilency of Gold shows INFLATION kicking in.... Oil, Stocks, Copper and all the rest (including Silver) seem to be forced to chase the strength of Gold Price in terms of their own Price (not Value, ie Inflation).... Any comments???
UnderseaCaveman 2 years ago
true, BUT even with all this money printing silver and gold is still cheap as hell? oil is still trading far below what it should be, what u think?
Daniyoyo 2 years ago
Take Oil, if demand was destroyed (by previous high and peak credit), then there is ample daily supply at the Auction, and the price is gonna find itself. So, this pricing mechanism is true for things with large amounts of bidders and sellers.
Gold has risen more (in comparison) than other things recently, and now stubbornly residing above $1000, That sounds like inflation, some might argue "it's rising demand", which I say can also be destroyed by price, we'll see!
UnderseaCaveman 2 years ago
The price of gold shows fear kicking in.
IWashMyOwnBrain 2 years ago
Who's fear though.....what if price was $2000/ozt.... when does fear become EXUBERANCE....cuz, I'd call Gold running up to $2000/ozt exuberant at this time...specifically with no significant moves in other areas (stocks, bonds, commodities in general).
UnderseaCaveman 2 years ago
The gold salesmen scare the public into buying gold as if it will protect them in some way.
IWashMyOwnBrain 2 years ago
Shoots, if it was that easy....did the Real Estate Salesmen scare everybody into buying homes they can't afford????
REally????
UnderseaCaveman 2 years ago
Yep I saw a number of people panic afraid they would miss the Real estate boat and bid houses up too high and freddie and fannie and the congress allowed it to happen.
IWashMyOwnBrain 2 years ago
It does protect them in some way. It protects them against devaluation of the dollar, as does the purchase of any durable asset.
foolcow1976 2 years ago
If you listen to several of Peter's recorded messages or read his articles, you will learn that the problem we face is actually very simple. Meanwhile the establishment refuses to acknowledge the truth that is presented and will continue further down the wrong road.
BeachRooster 2 years ago
Nicely put.
MrWizenBud 2 years ago
We are at a turning point in our human evolution.
What is put forward as being the truth by the great majority of governments in this world, is actually NOT the truth at all.
Very few see this glaring error (and even fewer act on what they see).
Those that do 'take action' will be relatively safe/protected, whereas those that know nothing (and so do nothing) are doomed to 'suffer terribly' during the inevitable process of their waking up.
From my point of view 'ITS THE BEST WAY TO LEARN'.
NowisEvollovetion 2 years ago
I agree, Peter, no flag pin! Your supporters know you more than just a superficial level. Take off your politician costume when holloween's over and just be Peter Schiff.
bpachol 2 years ago
Maybe we can borrow money from Israel when our currency collapses.
DefenceSpeech 2 years ago
NO FLAG PIN!
NO FLAG PIN!
NO FLAG PIN!
Peter, don't turn into a phony.
tacotank10 2 years ago
If he will be right about hyper inflation like he was about the economy before then we better prepare for that.
Shaunt1 2 years ago 3
How?
IWashMyOwnBrain 2 years ago
That is the Trillion dollar question... isn't it ?
I got a few of answers for ya.
First... start growing your own food.
Second... find a place that has access to a well for water.
Third.... start making connections in your community to deal with goods & services that will be needed. (ie Doctors, Electricians, Plumbers, Chemist, etc.)
That will at least get you started... if you have some money to invest now. If not... Wow, start getting family together. Strength in numbers as they say.
MrWizenBud 2 years ago
Why does China keep buying US T-Bills?
Pnkbong 2 years ago
Because even as down as the dollar is it is still more stable than any other currancy in the world.
IWashMyOwnBrain 2 years ago
lol, IWash, if by "stable" you mean losing 40% of its value vs. most other currencies over the last decade, type of 'stable'...lol
Some American's just can't get over certain things I find. Absolutely zero clue on the reality front.
Delusional.
TraderSteveR 2 years ago
Yes by stable i was thinking secure. After all the dollar is backed by the U S military.
IWashMyOwnBrain 2 years ago
Ah yes IWash, the ole' we'll beat you up behind the school type of stable. Yes, I know that American rhetoric well.
Look around, it ain't working out for you.
US military, big deal. Since the Invasion of Kuwait, almost 20 years ago the USD has done nothing but go down hill. Why with that track record of stability would anything change now. Caboose not Engine, as Peter says.
I don't mind some patriotism, but it needs to be tempered with some facts now and again.
Good luck with that.
TraderSteveR 2 years ago
Im not being patriotic its just a fact that the U S military is the most powerfull force controlled by humans on the face of the earth.
IWashMyOwnBrain 2 years ago
IWash, so what if that is true.
What does that have to do with the stability of the greenback?
Evidently, by observation for decades, ........ absolutely nothing.
TraderSteveR 2 years ago
So what is you answer as to why china still buys u s bonds?
by the way i agree with you on gold and market perception LOL
IWashMyOwnBrain 2 years ago
Remember when Gitner went to China and told the Chinese students that the US dollar was safe and they laughed at him? That was the day Tim Gitner begged and pleaded to the Chinese to continue buying our debt. It won't be long before they stop.
jcattera 2 years ago 3
And when they do the dollars they own now will decrease in value.
IWashMyOwnBrain 2 years ago
China is using its USD reserves to buy up resources around the world. China is slowly unwinding from the dollar. If & when China throws the dollar under the bus... they will be in perfect position to take advantage. Right out of Sun Tzu's play book. This is Economic Warfare @ its finest. Too bad the US has made itself the target. IMHO.
MrWizenBud 2 years ago 2
Why would they decrease in value when they are "backed by the U.S. military?"
foolcow1976 2 years ago
Because the value of the dollar and the military are both floating. Both are subject to public perception and opinion. The important thing is that their relative strength or weakness as compaired to others is unchanged. As long as the military is the strongest in the world the u s will be the safest place to put your money. imo.
IWashMyOwnBrain 2 years ago
Their relative strength or weakness as compared to others is unchanged? Are you kidding me?
Do you deny that the Euro has doubled in value against the dollar over the past eight years?
foolcow1976 2 years ago
Relative position meaning the dollar is still the dominate currancy in the world. I know how you feel you want the U S to fall. Everyone wants to knock the king off the hill. If you think the Euro doubling in value aginst the dollar is a good thing for Europe you are wrong. imo.
IWashMyOwnBrain 2 years ago
Please do not tell me how I feel. I don't believe I've made a single normative statement in this comment page.
But tell me what it means for a currency to be stable, if not that it retains its value over time?
foolcow1976 2 years ago
Ok sorry. Yes stable is not the right word as the dollar is floating. What i am trying to say is that America with all its faults is still the best bet for the long term in the world. Its just my opinion and China buying u s bonds supports this opinion in my opinion.
IWashMyOwnBrain 2 years ago
This is exactly what happens when you try and wash your own brain. You damage it.
If this is your typical American thinking, you are far more screwed than I thought. Say it isn't so.
So far we've gone from stable to floating to weak(but weak is good) and since China is buying your exponentially growing debt that also is a good sign.
OK Mike Norman, give it up. I know it's you.
TraderSteveR 2 years ago
LOL Yes China may not be a major player now but they picked the right country to be friends with.
IWashMyOwnBrain 2 years ago
Does it?
DefenceSpeech 2 years ago
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SUVMadd 2 years ago
This has been flagged as spam show
At a guess, I'd say it's because of the signal it would send to the rest of the world if they stopped. If China stops buying US treasury bills and the dollar collapses, then all of China's reserves of US dollars become utterly worthless. Strategically, it's better to prop up the US dollar long enough to diversify out of their huge reserves and spend the money on assets, raw materials, etc. while the US dollar still has some value. They're probably spending a lot faster than they're buying.
SUVMadd 2 years ago
I think the Dow will be down big on Monday!
shawnaspen25 2 years ago 2
The gov. said it would stop buying bonds meaning they will stop printing money and down came the market
IWashMyOwnBrain 2 years ago
Has Peter ever forecast the percentage of unemployment we can expect if we allow the economy to contract, 15%, 20%, 50%.
What does a technological first world nation with half its people unemployed look like?
RvNYC 2 years ago
Prepare to find out first hand...
QuartuvLarry 2 years ago
this video seems redundant for most of it. The message is so clear and easy to comprehend, but most people still do not get it.
It must be frustrating to have to explain oneself so many times, in such clear terms for your message to fall on deaf ears. Keep up the fight
Elasaltaculos 2 years ago
maybe make a song out of it. or a rap. or use mnemonics, like:
inflation isnt when, the prices go high,
inflation is the increase in the money supply!
michaelpshipley1 2 years ago
What about the Climate Change Treaty that will more than likely be signed in Copenhagen in December??
loymonteiro 2 years ago
The GDP growth numbers are a joke. Show me what we produced. Don't tell me what we borrowed and spent. What did we produce this quarter. Then subtract what we borrowed and spent. If we did not produce more than we spent what percentage of our spending was in R&D or other investment vs consumer spending. Did we at least lay the groundwork for actual wealth production? The answer, of course, is no. There is no real wealth production. The patient is still too sick to work.
fleck140 2 years ago 7
We produce dollars.
redxii1234 2 years ago
Yes untill today LOL
IWashMyOwnBrain 2 years ago
I just saw Joe Biden's speech from today on CSPAN and I heard him say that the stimulus saved something like 3.2 million jobs. Well that's basically the same as saying that it prevented 3.2 million people from potentially employing themselves. He also said that GDP was up 3%. If so then we don't any more stimulation. But, knowing how heavily the BLS distorts it's report of GDP, it's probably down 3%.
Piscivorus 2 years ago
What I don't understand is how the GDP can be up when you've lost millions of jobs, and continue to lose thousands every day. Like you said it's either clever accounting, or the effect of pouring trillions of tax payer dollars into the stock market, and failing corporations.
DefenceSpeech 2 years ago
Is it just me?!?; I just noticed (for hours now) that this link has been sitting at about 315 views without changing. Gotta love Youtube! Anyway Mr.Schiff;...YOU GOT MY VOTE!!!
chisumo 2 years ago
STILL 315!
cmcphee 2 years ago
Yeah youtube sucks. It seems that they prioritize their servers bandwidth for updates to those who pay them the most, their partners, and government supported channels.
DefenceSpeech 2 years ago
Same old shit, every fucking blog. I like Schiff, but fucking A
vinny1010 2 years ago
I don't know. I value the commentary. It's been a very "interesting" week. It's great to have Peter's view on what's going on even if it leads back to the same old message every time.
darklordofthepith 2 years ago
i appreciate peter taking time out of his busy schedule to talk to us. if your not interested in economics itll get more interesting when he starts debating his political opponents and talks more about that.
michaelpshipley1 2 years ago
It will be exciting. If Schiff gets to have a real debate with that fat criminal Chris "fundamentally strong" Dodd he'll make him look like the bumbling dufus that he is. Should also be interesting to see Dodd's attack ads:
"Peter Schiff, the man who wants you to buy foreign. Peter Schiff the man who said Americans don't know how to spend their own money! Peter Schiff, bad for business, bad for America"
....something along those lines...hehe
DefenceSpeech 2 years ago
"Peter Schiff, the man who wants you to buy foreign..."
exactly. peters team has to prepare him for those types of accusations. sort of like a lawyer has to coach his client.
michaelpshipley1 2 years ago
Again, I like Schiff and believe if what he says. It's just rarely any different than any other of his blogs. I was just making that stmt
vinny1010 2 years ago
Attention everyone! Ron Paul's edit the FED Bill has been 'gutted'.
v=dLwBLQ6DZjI
specialkornflake 2 years ago 2
This is Peter's best vlog ever i think.
He was extremely eloquent, hes finally running for office, and he explained the problem so perfectly and succinctly.
This is a great tool to help people understand the situation.
Send people the link to this video!!!!!!!!
Dziaji 2 years ago 3
Mr Schiff makes more sense than Keynes.
1silverBug 2 years ago 5
MONEY BOMB ON NOV 2, not sept 5
ric0rich 2 years ago
sorry, i didn't mean to click thumbs down. i thought it was nov 5th.
Dziaji 2 years ago
Nice analogies
Xx7Zeithious7xX 2 years ago 2
you'll get elected peter! show those idiots in congress whats going on..
donniebrasco24 2 years ago 4
Thank you.
deadman12078 2 years ago 2
thanks
bowtie728 2 years ago
watch - What Caused the Stock Market Collapse Sept-Oct 2008:
v=w-zmNJqP9Fs (very short - 0:2:23)
Writious 2 years ago
God bless Peter Schiff!
shoeman3434 2 years ago
Comment removed
chisumo 2 years ago
We go round and roundto the same conclusion... We HAVE to have honest people in govt. to do their job! Will it ever happen, hell yes!
MrBoobers 2 years ago
You are right Peter. the only thing is, this administration is intentionally trying to bring down the economy and destroy the country. It is part of the plan. Geither did his thesis on the Great Depression, if common people understand that printing money devalues the dollar, there is no way he doesn't understand it. He is a fool with bad motives.
lindabebe835 2 years ago 2
i agree once again peter, i just feel a little sad you didn't give a "happy Halloween" to us in your video, ill just go sit in a corner and cry now..
jordandavidfilm 2 years ago