Peter Schiff Attacks ben Bernanke 27 November 2009.flv

[MILMAG1]

About China´s saving causing it thats like saying well you left your car keys on the table so don´t blame for staeling your car... Its still your decision what to do just like it is the US´decision to borrow and consume

[aviomaster]

Just watch DETROIT and  HIROSHIMA 60 years later.

[zignationer]

Ben Barnanke is an idiot!!

[shahen13]

Peter Schiff is an idiot. He correctly saw the economic meltdown coming and then stupidly proceeded to invest such that he lost 70% of his portfolio. That is like a physician correctly diagnosing a patient with heart disease and then stupidly prescribing flu medication. What a dumb douchebag!!!

[angrybanana88]

yeah in late 2008 this happened as people "fled for safety" in the dollar. Since then he and his clients have totally regained their portfolios and then some! Obviously Schiff is thinking longer term than you are..

[Aliothemage]

"He correctly saw the economic meltdown coming and then stupidly proceeded to invest such that he lost 70% of his portfolio"

No, that is completely untrue. That 70% number comes from some people who invested in what he suggested at a very bad time. The people who invested in those same things at the earlier time he suggested have seen 360% returns. He is pretty intelligent and you either don't know what you are talking about or are simply lying.

[patooshka]

...if a point of view extolling a free market system is "naive"....perish the thought of a viable alternative, as lessons in history have taught us time and time again....the applause was meant to drown out reason......

[sunnyjong1]

applauses at the end of the interview shows peter schiff is an idiots. peter lost the fight and he knows. politics are very complicate is not what shallow pete things. peter should respect others before

others can respect him back. peter got few predicts right but he also missed a lot. i listen to peter not to invest in usa and i missed the dow at 7000 . now the dow is more than 10000. i could buy bac @ around 3 dollars and i missed it. now the bac is around 15 today.

[kricke243]

The dow has been out performed by most other stock markets around the world since 7000, and a lot when you factor in the worthless us dollar, and insane when you compare the p/e's. So you are better of outside of the US. It was only a couple of month in 2008 peters ~10 year old thesis was a loss, and no market moves in a straigt line, it is always corrections. In 2009 it has been vastly superior, just like pre 2008.

[kricke243]

But I do agree he could be a bit more "polite", and let people finish, even if he think they are dead wrong. Even though its funny to watch. :)

[EnhydraLutris1]

While he is passable as a situational analyst, Peter Schiff is awful in proposing solutions - naive, simplistic and out of context with the complexities of today's financial markets, business and politics.

Everything he proposes boils down to one point "Let the free market fix it". As if there is a free market in the 1st place.

What a naive viewpoint of the world.

[LukeBarber1]

I know that you will call me niave as well . . . But Peter Schiff's solutions are based on common sense. The complexities of modern economics is a bunch of crap, look at what the "complex" hedge fund idea resulted in. We need to go back to common sense, but it needs to be a process over a number of years.

[jkugez]

fucken lol!!

schiff is a champ

[joescarafone]

Whaaaaa.....Whaaaa Mr. FED President James Bullard. Just like Heir Geithner, Whaaaa!

He was on the New York Fed for 10 years before beoming the Fed Chair. Anybody could have seen this coming, Give me a break. 1-10 will always equal -9.

Whaaaaaaaaa............let's feel good about each other. What a bunch of crap!

[xXJADEXx7]

LMAO, "I don't think we have enough time" to list 1 thing Bernanke got right, way to avoid it.

[artbtu]

Wonder how they will take down Peter Schiff.

Take him down they will...but how???

[imrubberandyoureglue]

Why would anyone listen to Peter Schiff?

[nep808]

because he makes some sense

[thepie8u]

why would anyone listen to you? thats the better question

[imrubberandyoureglue]

Okay, why don't you tell everyone what happened after Schiff called a bear market back in 2002, and how he makes money by selling gold to people who are easily led down the garden path. Gold, gold, gold. If I made money selling gold to fools I would be screaming depression too.

[kricke243]

"why don't you tell everyone what happened after Schiff called a bear market back in 2002"

He called a US bear market. And you had a US bear market, in any comparansan (dow/gold, foreign markets/gold, dow/US dollar purchasing power et.c).

"and how he makes money by selling gold to people"

No, he is mostly recommending foreign assets and resource assets. Hes clients do the buying themselves.

"Gold, gold, gold".

No I think the average gold in his clients portfolios is 15%. That is cash.

[Traveler2112]

Never pull your punches Peter, Win!

[GoldSilver588]

Peter has always been, and is still a bit too bookish. He's not that type of people for politics. I think he'd be way better off just being a invest guru. Good luck with "Peter for Sanata".

[lessgovtnow]

@ 3:42

James Bullard just spouted bull hoping people will just buy it !

Hey Fed, what are you scared of? Face a real audit.

[tbackes]

there is no recovery

[auctionmusic]

that Bullard guy with the low tone "smug" voice is the type of person who represents just what everyone hates....

[baltimorejohn]

The people in that audience are totally oblivious to whats about to happen to this countries currency. Peter is one of the few economist sounding the sirens. When will the rest of the country wake up!

[roseagain2]

What Crap!! They could not name one thing he did right!!!!!

[superdiza]

right, cause it will "take too long" to utter a sentence.

Printing money is a transfer of wealth, from the Inflation (tax on YOU!) to the super-rich.

[roseagain2]

Peter is awesome! Where's the whole debate?!?!?

[SmokePropaganda]

Bernanke is squirming like the snake he is over the FED being audited.

one thing a criminal hates is ATTENTION being drawn to their crimes.

"Hello dept of homeland security? Id like to report a terror cell engaged in financial terrorism since 1913. The Federal Reserve Bank"

[b1muas22]

Hahahahahah, Peter is Hilarious.

[gsrxx420xx]

peter schooled these 2 shills...lol too funny

[azis1100]

@gsrxx420xx

no doubt, when people look up "shill" this video should pop-up~

[xmenrus]

So? That's your opinion. Who the hell are you; why should anyone consider your opinions seriously? Show us your resume or step back into the shadows and be quiet.

[azis1100]

@xmenrus

hey i didn't mean to make you cry but if you back ben bernanke...your a shill too~

[anarchylogic]

I'll be fed chairman right now, challenge accepted.

[prescottbill]

America is like the person who believes as long as they have checks and people accept them, it doesn't matter if there is any money in the account. Someday the world will wake up and will stop taking our checks.

[vention4wh]

I saw this clip on yahoo. Yahoo is generally more mainstream and is always yapping about the recovery and in only a couple places do they allow any comment by the general public. I find it funny that in those areas the posts are totally bearish and realistic about the economy and where it's headed. No wonder they don't usually allow comment.

I scan the headlines in yahoo but I'm so tired of their bs that I rarely read their stories.

[BlueSkies360]

wow, thanks innefitterosa!

[KhmerD0g]

where is the whole debate?