3/19/2009 Peter Schiff On The Call: The FEDs $1.2 Trillion Gamble

[fuckoff187]

now we know why they don't invite peter back, steve liesman hates him

[westy44cal]

Wow that's the only time I kind of saw Peter step out of character and directly insult someone. ABOUT FREAKIN TIME to be honest. Normally it drives me nuts to watch him be so right and others are laughing at him as he continues to spew fact after fact that has been more right than any others I'm aware of. I bought silver because of this guy and wish I bought gold when he was pushing it. I can't believe penis head is still even with CNBC. He's also Rick's kick around toy..

[kevreilly7]

Bill was one of the best guests - RIP

[kosai19]

Steve Liesman does it again. Finds a way to defend the fed. I hope he can sleep soundly at night after the collapse of the USA.

[bubbadankness]

When Bill starts nodding, you can just see it on his face, 'damn Peter knows his stuff...'

[roseagain2]

The blonde woman understands and agrees with Peter. It's awesome to go back and see Peter is STILL right!

[LetsRapeGovernment]

"Steve you are still so foolish!" jim says at the end. lol! he's right

[gavilan89]

i perdict that in 3 years u will be able to wipe your ass with a 100$ dollar bill

[chtyrice]

You can't F with Austrian economics.

[youblocks]

...or as I like to call it: common sense.

[Kevin17761984]

I love the video on Freedom Watch, where somebody asks Schiff, "What is Austrian Economics?" Schiff says, "Austrian economics is economics, that's like asking What is Chinese Physics".

[achalmers]

Why is Steve Leisman such a clueless douche bag?

[abundantlyclear]

This is all part of Obama and his cronies plan to make the US Dollar fail..then when we are all about to kill each other for food etc...the Messiah will offer us total Marxism...and the idiots will say YES!

[kolarshooter]

"This is all part of Obama and his cronies plan to make the US Dollar fail..then when we are all about to kill each other for food etc...the Messiah will offer us total Marxism...and the idiots will say YES!"

How did he get W to kick it off?

And how did he get Clinton to give W the recession W needed to justify his "stimulus?"

Nixon closed the gold window in Aug '71. How did Obama arrange that? (That's the genesis of this whole mess.)

Great concept, I just need some details.

Cheers!

[mike6459]

leisman is in denile

[utahgs]

Steve is a moron. Peter schiff ftw again.

[koki4o]

Liesman clown always arguing with Schiff and Santelli

[judoyodan]

Kudlow is the real dumbass. Feels the only ones that deserve bailing out is the wealthy. At least Leesman is consistant.

[anilomd]

Why the f--k is Liesman a commentator on CNBC in the first place? What a waste of time and resources.

[ttj1776]

He is not just a commentator he is their "senior economics correspondent". Is it any surprise that someone with that title at CNBC is a rabic Keynesian and pro-govt shill? Kudlow and Melissa are coming around, but Liesman is hopeless, its a damn shame he gets so much airtime to tout his bs.

[chancey1979]

Leisman is french for dumb ass!!!!!!!!

[Friday1970]

Its spelled Leisman, which could also be spelled LiesMan, as in, "he lies, man"

Dude, how could anyone ever argue against Peter Schiff? This man is right every. single. time.

[freestatereport]

"I'm sorry peter. I am not able to look into the future." I guess you shouldn't give advice since peter can "look," into the future.

[blue42421]

HAHAHAHA Steve Leesman is an ignorant dic!

[gutrp]

peter kicks ass.

i like how at the end she didnt panic...and shes like... can u ...can u scroll up...lol

[mattgeb84]

I really wanna PUNCH steve leesman in his fucking face

[mattgeb84]

Steve Leesman is a total JACKASS i wish CNBC would fire him

[blue42421]

They can't, he's the one that believes he understands their propaganda.

[fungulotualatuarazza]

ive got a nice stimulis package for you melissa

[daniel987878]

Peter Schiff still wooping ass.

[achalmers]

My God!!! Steve Leesman is a complete idiot!

[Paetaor]

Steve is auditioning for 'Peter Schiff was right 2009.'

Or 'Steve Leesman was wrong.'

[MayadaJeffery]

"Steve is auditioning for 'Peter Schiff was right 2009.'"

BWAHahaha!!! ROFL

[Visfen]

I actually feel bad for him.

But this has gone beyong professional courtisy from all the peter schiff haters, it's like a rally to destroy him because they don't want people to see what a real economist look like.

[mediteranian213]

peters the man he told them over and over again what was gonna happen and now its happening and they still dont understand nor will they admit it.this government is for self and it will always be like this until american people get up off there ass and stop letting ASSHOLES WHO FUCK UP REPEAT THEM SELVES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!­!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[THEREALMESSAGEMAN]

and when your money is worthless and so they will introduce and new concept where your employer will pay you according to merits or points equal to dollars on a plastic card and also you will see MARSHALL LAW and curfews mass demonstrations and higher homelessness , THE SH$T'S GONNA HIT THE FAN!!!

[THEREALMESSAGEMAN]

FINALLY" a little bit of the truth is coming out but the worst is yet to come!!when the FDS say that the federal reserve has depleted their income and that their broke and therfore they would have to shut down more programs related to housing child care health insurances community programs etc:

[RobertChavis]

I feel that the banks are deceving people all over. I have this instinct that everyone is being duped by these bank leaders. So, I decided to take action and pull all of my money out of the bank and start storing food. I will never get a bank account in my life again and I will never deal with checking accounts.

[stonecast]

Peter Schiff just owned these suckers. Lmao im saving this vid to create another peter schiff was right video when the stuff hits the fan just like Peter said it would.

[flightlevel66]

I'm surprised that Liesman the central-planner hasn't been offered a job in the Obama administration.

[jordanNco]

Peter is so right! All those guys from CNBC will be unemployed in a few months...They don't understand economy!!!

[PhatPhing]

Liesman is absolutely right when he admitted to lacking foresight.

He lacked the foresight to see this economic meltdown coming, and he lacks the foresight to see what's coming. If that's the case, then he should STFU.

[bluzy25]

"that was pretty funny" It wont be when you are homeless in the street with no food.

[pinkcheesegreengh0st]

Steve LIESman shut your cockwasher !

You need to quit tossing Benanke's salad and do some real reporting you FEDFUCKER!

[escapethecollapse]

Liesman needs to google "Peter Schiff was right" and review the youtube videos before he makes a mockery of himself on TV.

[escapethecollapse]

Steve Liesman is just a pro-government shill and a jerk.

[stewart0312]

Steve just like other Keysian economists try to rewrite history.

[guslingus]

You cannot bring back a virgin by unfucking them.. The USSA is screwed.

[phatcheck]

Damn, you can't do that? I've been lied too!

[xeroone1]

Steve got emotional and lost it. Peter's right the worst is yet to come.

[mrdoonbeg]

go peter go,,,you weren't right!!! WTF...WHAT AN IDIOT

[mreisma]

steve is a fuckin tool and idiot.

[motonegros]

Something tells me Larry likes young boys.

He just seems like that kinda mthrfkkr.

[Boomer1949]

the entire world owns big chucks of the US. Why would they even think about doing something like cashing in their treasuries and hurting their own remaining investments by driving down the dollar? Maybe Schiif would like to see this happen. After all his investors are in foreign countries and gold. He would be one wealthy guy.

[rayyf69]

1 Because of the impending threat of us destroying the value of it by increasing the pool of money. Thus a rational holder of debt should immediately dump or risk loosing the value.

All they can do is hold the debt. But the possibility that we will become sustainably productive under obama is low. they can't continue to finance us as that would further destroy the value they have. Which means our credit based economy is finished. Loss of faith in USA econ signals may be bad for dollar.

[Boomer1949]

In this grand chess game that we call Global Economics. I think it's in "check" at the moment when it comes other countries continuing to finance our debt. Their dammed if they do and dammed if they don't. At the current time, the dollar is still the strongest currency and it's up to the Obama team to sell there plan for recovery, not only to us but to the world. If that doesn't happen, then it's checkmate and we're done.

[rayyf69]

Actually they are damned if they continue to buy the debt. Their best bet is to hold it. However if there is any indication that teh fed will start printing then they will have no choice to dump it. The era of false prosperity is over.

Obama's plan for recovery seems to me to be a schizophrenic mess. His rhetoric and focus on execs and his taxation policies to me do not seem conducive to growth. Further more , infrastructure projects have no value to the holders or purchasers of debt.

[Boomer1949]

In a way I think what is happening is that they are all trying to hit a "reset button", take things back, oh lets say 8 or 10 years and call that new starting point and grow from there. That is if all your looking at is the stock market.

[Mambovista]

Zugzwang for all.

[1fffishy1]

There has to be a representation of the other side with lesman or else Peter could send everyone into a panic. Maybe everyone should be panicking, or at least having panic sex.

[isthatfunny]

This is the vid of the year ... Larry the free"capitalist" is off the "snide" Peter at the end of this tape saying "you can't be saying I've got this wrong" and "MONKEYBOY" replies yes you do? WOW if anybody sees this and knows one thing about Peter,well get ready,she's whislin",but she ain't ready to sing!!!

[user197a]

A "mustard seed" of intelligence from Larry Kudlow. Schiif exorcised the big government nonsense out of him.

[DevBlazed]

i laughed out loud at the monkey in the middle!

[odin422]

Baldy in the middle is a chimp

[DevBlazed]

"Baldy in the middle is a chimp "

haha i didnt even read your comment before i wrote my monkey in the middle joke hahaha

im laughing on the outside but crying on the inside,,, if schiff is right, we are sooo fucked

[odin422]

Yup better grow some food and weed.

[MooseOfReason]

Why weed?

[odin422]

why weed?.......watch: Run for the Cure here on YouTube....you'll understand then.

[motonegros]

Working on both here Brother!

[odin422]

Kudlow is on the rise.

As long as he continues to agree with Schiff that is.

[MooseOfReason]

"Boy, when that dope wears out."

Hahahaha.

[odin422]

haha

[Vertigo2903]

Liesman is a bank tool

Geithner, Bernanke, Obama

[pieater53]

Steve Tellsliesman is a bank tool and a complete fucking FOOL. The fed probably as him on there payroll, why else would someone make a fuckingfool out of there self. Add Cramer, hes on there payroll too. they are both a couple of liaring stacks of shit.

[martyR13]

What I appreciate most about Peter is his stamina. Doing these arguments every day must be effin exhausting.

[JP5466]

Steve "Lies"man is a complete moron. How this guy can be the senior economist of CNBC is absolutely mind boggling. His physical appearance is also strange. He has a lisp, and he should get some new teeth... weird looking dude.

Schiff owns Liesman.

[totalfloat]

Steve you are still so clueless. Right!!!

[eyewitness043]

"Steve you're still clueless"!

Schiff is da shit!

[UDoHaveMyName]

I don't understand why these idiots continue to argue with Peter Schiff.

[martyR13]

One interesting thing though, it seems to be 4-1 in favor of Peter. It used to be 1-4.

[bakinjoo]

yes...

the minute the talking heads started to agree, the change has already happened...

[dabruin2]

Steve Liesman is the biggest numbskull in the financial pundit world. Did his brain go haywire and did he just declare that Peter Schiff was wrong? Steve Liesman is a dumb android.

[GeoSusan]

steve liesman what a jerk

peter schiff has been 100% right

[AmeroAmigo]

A couple of weeks ago Schiff said on this same program that the dollar was "not making new highs" boy has he been right on the money. Now if only the Gold market would benefit from this in a real way. Go Schiff.

[rooper666hell]

Liesman is a turd and Fed Puppet. Schiff destroys Liesman everytime.

[rooper666hell]

Art Laffer now agrees with Peter about the risk of inflation.

[fatmoleman]

They know what they're doing or should I say they know what they want. They want the decline of the U.S. dollar and they're doing a good job at getting there.

[dirtynas]

2009's Art Laffer. What a joke

[jetmanrun]

Steve is clueless about the devestations the fed can create and how it will inevitably destroy the dollar. He really needs to relax and think before he comments on what he doesn't know.

[RosenKrantz666]

STEVE, YOU"RE STILL [FUCKING] ClueLESS!!!! lol GO Peter. He should have just said, "Don't be pulling a 'Cramer' on me, Steve, unless you want to be embarrassed by Jon Stewart on national TV, too." ROCK on Austrian Scholars!

[5K2aM]

Yes, steve is a dumbfuck. Everyone should bookmark this video because when inflation occurs and the dollar crashes, a new video "Peter Schiif was right again!!" will be circulating youtube.

[john5246]

Can someone make a steve Liesman was wrong video? Who has the footage? If you know someone see if he'll do it

[kungfujones1]

Peter makes a great point at 6:05-6:25.

[imaginator]

Kudlow is always wrong! He always thinks short term. If the market is down, he supports Peter Shiff. If market rallies, he thinks Peter is wrong.

[motina10]

It seems he is more a fence sitter, for the sake of being an imediator.

[florgat91]

Leastman got schooled by Schiff!

[malumalumalu]

steve leisman is the government's cheerleader and a blind lemming

[garyowen4ever]

when peter gets the grand old man of money bill seidman smiling and nodding in approval, peter HAS ARRIVED, BILL SEIDMAN AND PAUL VOLCKER ought to be running the country. where is paul volcker anyway?? AND he left steve LIESman in tatters talking to himself. WAY TO BE PETER SCHIFF!

[Thunderboltxxyz]

they destroy the dollar because they need a reason for introducing the Amero.

[bencr06]

208

[1972challenger]

Haha Steve just give up. There is a reason why Peter is becoming so popular and no one knows who the hell you are!

[sheeplols]

lol deflation... Right!

[EMPIRE0FLIES]

Peters wrong again? We know whos payroll Liesman is on.

[RonnieJamesreamer]

Steve is so jealous...

[surferaw949]

Steve,

What's wrong with you?? I asked you to be assertive and propose an argument that would keep that troublemaker Schiff back on his heels. Remember in 06 and 07 when you so easily scoffed him? What happened? You need to talk up the comeback of the American consumer, remind him our economy is sound, and borrow Laffer's phrase about how workers all over the world "work in dimly lit shacks for long hours just to get their hands on our paper currency". Get it together!

- Tim Geithner

[malumalumalu]

FYI that was don luskin's phrase

[dezldummi]

Is there some hidden rule that says there must be at least one dipshit to add counterbalance on these shows that address the economy? there always seems to be one that visibly wears their stupidity as if it were a neon sign attached to a big red hat

[rangeyer]

Liesman is a stupid fuck. Kudlow is retarded

[muffman11111]

208

[pepsimannampepsi]

Oh god.

State run capitalism = Fascism

I'm frighten. Wow how quick we are becoming the U.S.S.A. Less than a decade.

[aclelland]

thanks for the quick uploads Phill! :D

[vassilischr]

Steve Liesman is all wrong and has nothing to say. While helplessly trying to defend his position, he is exposing himself by making personal attacks.

[GunnySgtHartman]

Steve Liesman's job is to promote false "confidence" in Wall Street and Obama's and Geitner's printing plan. That is why Liesman is always the commentator for NBC's Nightly News.

The MSM always have haks for commentators.

[forliberty76]

Right, and he's on Meet the Press on Sundays too. Definitely a cheerleader for the administration to back Obama/Geitner printing plans.

[dukemalibu]

Steve is in denial. He embarrassed himself and validated Peter. The dollar is in trouble, big time.

[ggadguy]

Steve is an absolute idiot!!!

[krug24]

Even Keynes would be disturbed by messed up degenerate scum like LIESman.

[Roycely]

Lol; it's kind of funny because he appeared on the Glenn Beck show previously and they, specifically, discussed what the coming depression would be like. One of those possibilities was the one that occurred in Japan, which he just annihilated, lol, so he was just friggen ready for this.

[jvittetoe]

schiff da dominata!!

[schellaa]

hahaha...Your an economist Steve? I wouldn't have guessed!

[niktus1]

wow steve is stupid :)))))

[WorshipVideo]

Why on earth do they think that Steve fella has anything helpful to contribute?

[Epic878787]

Peter did so great at the end, lots of fun.

He needs to take a little time and explain exactly what inflation and deflation is so these idiots stop uttering the canard, "oh well, we were worried about deflation".

[kahunabear]

Leisman is a communist. He wants to monetize all debt by printing money and redistributing saver's wealth to the debtors. He wants two classes. The 2% elite and everybody else working hard for Uncle Sugar.

[Epic878787]

To look ahead the idiot in the middle only needs to understand economic fundamentals.

[stshell]

lmao at the end

[collegekid5]

I like Peter but he always interrupt other people. He needs to show some respect that older guy didn't get enough time to talk

[spathieluder]

I think Peter realizes that his message is worth a lot more to the audience than a "CNBC commentator". When you are competing for air-time you have to be assertive and not just wait in the corner, waiting for a hand-out.

[rooper666hell]

Steve Liesman is one of the Fed's puppets. However, Melissa Francis I think understands the situation fairly well whenever I've heard her on TV - or at least more so than the other hosts. And to be fair, Larry Kudlow seems to understand it a little better than the other hosts. The rest are clueless, except for maybe Rick Santelli and Dylan Rattigan. Liesman is a gov't puppet though.

[kahunabear]

Francis also defends executive bonuses to TARP companies. Without us saver's bailing them out, they wouldn't even have jobs.

[fornello123]

4:23 the guy in the middle is getting really pissed!

[mrbengal]

Congratulations Steve Liesman, you just earned a role in a future "Peter Schiff was right again" youtube video!

[kayaker712]

He was even funnier than Mike Norman.

I see Liesman on NBC all the time, the guy is clueless.

[madhuradi]

yeah Steve ..Go hug the savior...Hail ben bernanke who is doing his job like a robot

Steve Leesman should start playing chess!

In the endgame players resign when they are sure that they will lose anyway...they seldom wait until the other guy tells "checkmate"

Grow up steve!

[psbyowner]

why is a CNBC commentator being used in an interview? he's just there for the "fairness doctrine."

[mrzack888]

Peter is brave arguing with these people. he goes into battle every time on the CNBC. A thankless soldier.

[tsmith2187]

It's always a pleasure to watch a CNBC pumpmonkey get beatdown.

Good job Peter.

[njThaze]

something none of these talking heads ever say is who is hurt by falling prices. lower food, oil, etc prices would help the consumer. this would lead to the consumer saving more there by pay off debts faster. the only people hurt by falling prices are the big banks who inflated the value of their real estate and other assets and dont want them to come down. will the loss of home equity hurt some, yes but a home is not an ATM borrowing equity for spending was a terrible idea.

[tinstareel2]

A consumer and a saver are exact opposites. Falling prices wouldn't really help consumers in reality, because they'd just go out and buy more. They might get more in debt!

Of course all this is academic, because prices are going to go through the roof when the dollar becomes worthless.

[njThaze]

what I was refering to is: consumers have become savers in this down turn. because consumers are already tapped out on credit, home equity, etc HOPEFULLY they would use lower prices in a deflationary environment to save more, spend less, and pay off debt. naturally, there is no guarentee that this would happen, but one would hope that americans wouldnt get fooled into the debt trap again.

but you are correct, price deflation might lead people back to the stores racking up more debt.

[hamyncheese]

actaully, I think Steve did let the cat out of the bag when he said that the FED's response is deflation would "make servicing the debts which are out there much, much more difficult" (2:40 - 2:55). I assume that means the banks and investors would lose. Peter Schiff is impressive. I value him above all others.

[forliberty76]

yeah, at least they're admitting that they want to manipulate the currency to service the debts of the United States (even though they'll say it'll hurt American's personal debt, which is a pissant compared to government debt)

[dcm05002]

oh my god liesman please just shut up. Find another day job.

[iiooioooi]

yeah steve got paid to deny whatever peter says ....

[madhuradi]

yeah " hahahahah that was pretty interesting"

two women who just know how to read the scrolling tape ...she just yelled aloud "bring up that scroll"!

steve leesman please be careful ;you cannot just sing praises of ben bernanke for long

I know you will switch sides to the pitchforkers soon but I am afraid it will be too late

My god these newsmen! where did their conscience go! you will be very lonely at the end leesman!please don't do this to yourself !

[Xasew]

The end was hilarious.

"You are still so clueless."

[Bravo412]

Peter said Steve was clueless!

I Haven't laughed so hard in a LONG time.

Peter, thanks for showing the world how wrong the Gov't is over and over again.

Abolish the Central Bank! NOW!

Steve please go to work for GM!!!

[tianya1389]

I bet Steve has a purpose. He would not be that stupid to actually believe in what he said. I don't think anyone can actually listen to him anyway. He is there just to make sure that less words come from Peter Schiff.

[romo502]

Obama doesn't love you.

[endlessmountain]

Steve, wake up! LOL, we will see how he is in two years when he holds on to the US Dollar because he has lack of respect for a world hero

Thank you Mr. Schiff

[dudebud007]

bahahahaha they had schiff vs liesman at the end of the show cause they knew that a sane individual would change the channel right after the schiff debate ! !

[FGTBOGSAT]

Liesman is a Fed shill.

[markymarkuss777]

Either that or just a plain idiot. He's sat there all these years and watched Peter Shiff predict all of this with the exception of a few things like the strength of the dollar falling (which will eventually happen as well) and he can still spin what Schiff is saying. Sometimes I wonder if some people will just never wake up until it actually hits them smack dab in the face. I have a few in my family who still think all these bailouts and stimulus's will actually help us. *throws up his hands*

[GaryCheevers]

Liesman is the FED's Public Relations organ.  He'd have no "scoops" or career without them and as payback he parrots their bs.

Its like watching a Bernanke mini-me.

[jacknapier26]

hilarious!

[modigitz]

Since the Fed thinks printing money can solve all of our problems, why not just give each American family a printing press of their own so we can create all the money we need...

/sarcasm

[theanswersofnwo]

100% agree.

[iiooioooi]

yeah i think if every family gets like 100,000 many of them will save their house. many of them will go to investment. everybody will be happy ...