Ron Paul Advisor, Peter Schiff, talks bailouts; says intervention will lead to more problems, on an emergency edition of CNN's Your Money (9-27-08)

[sha370z]

the fed loan the banks 9 trillions in sep ,oct 2008 when we was looking at the the 700 billion

then in 2009 they loan trillions more out the information came out 2010 the video is on here

and interview with the fed guy

[sha370z]

we got to stabilized home prices

[Rapterr15]

three years later and housing prices havent "stabilized". they are still low where they should be. we need more people like Schiff and RP who are schooled in Austrian Economics because what they say actually seems to be what happens

[panzerkilla]

I'm proud of peter for not cursing that guy out.

[fvecc]

The Keynesians just refuse to admit that they can not control the economy. Central planning not only always fails but actually causes many of the problems in the first place. But the Keynesians lie to the people and convince them to hand over more control over the economy in order to avoid a doomsday scenario.

[Linguiphile]

The statist goofball on the left thinks that government intervention helps, but as Peter points out (though no one is listening), each step that government takes to solve economic problems that it is largely responsible actually merely staves off the problem while making it worse in the long run.

Things are unfolding exactly as Peter Schoiff has warned, and for exactly his reasons.

[aviomaster]

House prices are too high ... and average pay does not follow house prices.

[aviomaster]

If Peter Shiff is right , Expect more WARS .. and lies

from the ruling ellite scum bags ...

[sony8877]

that other guys like a little rat that keeps biting peter when he tries to talk nyeeeeew nyeeeew

im sure they had a good chat during the break

[slapme7times]

I love peter schiff.

[Drunix]

im bored on cam

comment me back Zq

[nuclearspike]

yet another clip that Schiff will be proven right on, to the world's dismay.

[digitalamish7]

Another ignorant moron is engaging in Russia bashing. "Controlling the Georgian pipeline"?! Check your facts first! "Who won the Second World War?" Guess who? Russia did, you fool... And he does have the most annoying voice too :)

[johnbbjf]

I had a dream just like this where I was Peter fighting this rabbid troll under the bridge of conventional wisdom. Of course, I beat him to death with his own jawbone, since it was one of an ass.

[mrdeecup]

man, that little doosh fag needs a giant cock in his mouth! I keep wishing Peter would just turn to his right w/ a quick elbow knocking that moron off his loud & annoying bullshit box.

Rock on Peter Schiff!

[EMPIRE0FLIES]

Russia marched in? OOOkay now I know whos side the little dweeb is on. Barons make money? ahahaha Who won the second World War? How about who started the second World War?

[controlpopulation]

The little guy is on another planet than peter and obviously us. Maybe he should shut his mouth more instead of interrupting everyone and learn something.

[theblackBay]

Peter makes a good point, Everyone tries to pull the bait and switch that It was a "Market Capitalism" failure it WAS a CENTRAL PLANNED Failure, no market, here no market. he makes a compelling argument "how does more Central planning, fix bad Central planning?" as for the other guy just an idiot,count up the lies, claimed Russia attacked Georgia? for an oil pipeline? WTF, reailty? sick of these liars!

[revo40]

What the hell is wrong with that guy Steven?!! That guy is a complete moron!!!!! Geeeeeeez he's ANNOYING!!!!

[proteusexmachina]

well i think if anything needs to be done its to build energy infrastructure. If our world partners stop supplying energy to us, then we will need to figure out how to power our country or shut it down. I think that's why that little guy was panicking. he sees us shutting down because of lack of energy due to the lack of trust from foreign energy suppliers. Peter Schiff is also absolutely correct. Hes the man right now, like a prophet. I think He owns guns and is ready for Armageddon.

[skullsvcrossbones]

Thanks to Bush we now have no world partners. That would add to the pain. Great.

[anthonyca]

"money will be made for the treasury" but what will that currancy be worth in 10 years?

[Emotionengne]

somebody please shut the mickey mouse..he is way to annoying

[truthsabre7]

Peter Schiff is soooo right.

Get your gold & silver while you can.

[khattamshud]

never trust a jew

[khattamshud]

i.e. sniveling moneygrubber on the left

[rokuogun]

I want to kick the stephen guy's bu**

[dmorles]

What Peter said is yesterdays news - lol. Who is this Steven guy? Peter should've brought a sock with a brick in it...

[revo40]

Ha,ha,ha,ha,ha,ha,ha, I agree Peter should of brought a sock with a brick in it and did us all a favor!!!!

[bluemonday2020]

it finally happened,

give them enough rope , they will hang themselves.

end of capitalism as we know.

Karl Marx was right.

[DanielofDoria]

Become a beacon of peace for all. Peace on the inside will create peace on the outside.

[motina10]

OMG.. i can't belief how stupid these guys are. Man Peter is such a genious. How do you know the prices are too high? The market, duh! LOLOL! What a fucking pro.

[keokirhodes]

I'm freakin' out over here... It's going to be worse than communist China~ Most of us are gonna go to debtors prison encampments in old military bases. Just don't get chipped for a virus or what not and start saving up money for massive amounts of non-perishable goods. Food shortage is coming, famine is coming... *sigh*

Peace, Love, Unity, Respect and Karma, we can get through this...

[Cometgreen]

Jesus, the guy on the left is annoying.

[funwjoshnjenn]

Exactly, a recession is NECESSARY to restore responsibility. We (or rather, THEY) need to pay for what they wasted, not let us pay for it.

[ChupacabraYetiElmo]

Squeeky on the left reminds me of pinky and the brain. LOL He talks and then contridicts himself on everything he says and then says the other guy is contradicting himself. Truth is he is just a guy who stands to lose his falsely acquired wealth and now he's mad. Just another moron without a clue in a high place.

[danspeaks]

IF... this works out sure, money will be made, thats like saying if we have victory we won

[danspeaks]

wow, he figured out just now that we have a big issue... what an observant man

[jeremyemilio]

And another one bites the dust... how many reputations have been ruined by going on national television and publicly disagreeing with Peter Schiff? Mike Norman anyone? This stuff doesn't go away people. This YouTube video will still be around in a 2010... Stephen Leeb, on the other hand, will not.

[UnkeptJMC]

The little guy is just another puppet, supporting bigger government because his upper class friends don't want to lose their money.

Peter wants everyone to know that capitalism is being destroyed by the very people who are "promising" to uphold it.

[modaloperator]

This idiot should just let Peter Schiff talk.

[Snuilp]

War costs money.

[bbagginz]

Pity Schiff wasn't given some space to make a point.

Unfortunately the hosts failed to moderate this debate properly.

[tlaz54321]

sniveling little twit

[gemhunter99]

$700 Billion would have put windmill's & Solar on every house in America.

[ihatemyjobmore]

Wow that little weasel on the left is a complete douche bag

[gemhunter99]

I'm guessing we're screwed either way!!

[RJN4444]

That guy on the left is an idiot.

Peter Schiff rocks.

[ubuibiok]

The Government has NEVER made a Dime on Bailouts.

[EMPIRE0FLIES]

The "for bailout" argument is so weak its comical.

[jonh2o]

WHERE'S THE 2nd PAR OF THIS?

[stewart0312]

Should I trust Leeb who is saying the same thing as Bush or should I trust Schiff who predicted this crisis years ago?

[jonh2o]

Wow I finally understand each sides. Thank you.

[BigBadBenDiesel]

This Steven guy on the left must have taken too many trips to Thailand...Peter...Peter...Pet­er...Peter...ha ha ha...Pay attention to his hands at 6:10. How did this ignorant socialist make it on the air? Oh yeah...because socialists get all the air time they want. Keep knocking sense into them Peter! One by one, Ron Paul and Peter Schiff prove them wrong. In a way I can't wait until our empire comes to a fall, so we can get rid of the Fed and start rebuilding this country.

[WTC7WasPulled]

This is not the peoples' fault this is the Governments' fault and the elites are engineering this collapse by design to consolidate wealth.

[MrCollusion]

"I'm an American. I'll just use my Credit Card. Ha Ha Ha Ha Ha." That guy on the left is communist weasel who needs to be shot!!!

[blx2000]

The Market will eventually set the correct price whether you like it or not. WE don't decide the price of houses or anything else. The MARKET decides. If you try and fake the market out, you usually get smoked later. These people and our Gov are arrogant enough to believe that we control the economy. They are completely wrong and ignorant. They all nedd economic classes.

[wiriness]

My feeling is that you don't have to know anything about the economy to realize that the best thing to do is listen to those who have for YEARS been predicting this exact crisis. Only those people should be discussing possible solutions.

[blx2000]

So that won't be McCain or pres Bush or Ben Bernacke or Henry Paulson.

They should be listening to Peter Schiff and Ron Paul.  Our present situation was completely predictable. I heard on the radio about 5 years ago that our economy was mainly expanding due to people using credit cards and taking out home equity loans. But nobody listens to the TRUTH until they have to. I wonder how long before our Fed Gov listens to the truth? Not yet.

[wiriness]

That's actually who I meant. Steven Leeb didn't really predict this crisis, although he says otherwise.

Obama and McCain are government fluff.

[blx2000]

I think that it is totally amazing that all of these market people don't understand monetary policy. If you expand the money supply without adding real capital, you get inflation. And you can't solve inflation with inflation. None of these TV people can figure that out. The market says that houses are too expensive, but this squeaky idiot thinks that propping up fake prices is a good idea and that you can actually be successful at this. Arrogance. Ron and Peter Schiff, The Maket rules.

[jackzaf]

The Steven guy seems to suffer diarrhea.

[Fullmetalpizza]

How the hell did this "steven" guy get on this show?

[blx2000]

Because he wrote a book I guess.

[Justin4RonPaul]

Why does that guy with the squeaky voice not only sound like a rat but looks like one? LOL

[silentonall]

One is an economic prophet and the other is an economic slut.

[stshell]

my gosh man don't put a fool next to schiff when something this important is being discussed.

[realrockvince]

Steven, the guy on the left, is a complete moron. He needs to read some of Peter Schiff's work and learn a few things before he goes on TV and talks about something that he doesn't know anything about.

Also, notice how whenever Peter makes any good points, Steven has to be disrespectful and interrupt him, just to stop him from spreading the truth.

[silentonall]

Stephen Leib looks AND sounds just like the 'Gilbert Huph' character(Bob's insurance boss) from The Incredibles movie.

[SwobyJ]

'Steven' is a panicking brat :S

[OgeronimonominoregO]

OMG! How does an idiot like that get on a show about money??? Peter has been proven right over and over again. This other guy isn't making any sense. What is he going to do - force people to buy over-valued homes?