Peter Schiff on CNBC 01/06/09

[ExhibitMan]

"No we don't have to do it. If you climb up the top of the Empire State building, you don't have to jump off. You know, you can change your mind and do the right thing"

Best of Peter ;)

[zoltron30]

why are we so suprised? the bible predicted these problems 2000 years ago. the bible predicts a 1 world economy and a 1 world government. we can laugh at the bible but we better wake up. oh and btw ron paul was right!!!

[mlndstream]

Lindsey Williams The Energy Non-Crisis - Pt 1 of 8

[Uwiluz60]

Lead is the precious metal of the future...

[DMoy2]

lol NICE !!

[KhmerD0g]

they give me 5 buck rebate for the old car battery i bring in with the purchase of a new battery. lead is not precious metal. it main use is battery.

[Uwiluz60]

They use it for fishing lures and bullets also....

[KhmerD0g]

lead is toxic. just make sure u don't get shot by lead bullet or eat fish contaminated with lead.

[Uwiluz60]

To late....I ate a lot of lead paint when I was a kid...

[zenmachinefilms]

Schiff says two things here that stood out. First, that the entire US Treasury system is one big Ponzi scheme. People have been saying this about Social Security, even the way the Fed operates, but this is a bold (and possibly accurate) statement considering how dependent we are on debt, and printing money.

Second, despite his bearish attitude overall on the US economy, and I think he's right, he says there are stocks worth buying every day, even in a teetering market. Something to remember.

[logsdon36]

Is it me or is the number count(views)on some of these clips seem tampered with?

[RikkiLo1]

I'm investing in guns, bullets, and food.

[buffmuffin555]

What they didn't give Peter time to say at the end, is that while yes he is buying stocks and recommending everyone else does too, they are all overseas stocks only. He is avoiding US stocks like the plague, as anyone who regularly listens to Peter knows.

[zenmachinefilms]

Mostly true, but if you follow Europacific you'll know that Schiff does look for some bargains in US stocks, it's just usually short term, and not at all part of his global mindset, at all. You are certainly correct with that.

[radialmonster]

flagged as spam, use appropriate tags

[jinjin16]

Some people are real parasites. A year ago Peter Schiff was immediately dismissed as nuts. Now people are cunningly siding to him by 'converging' their ideas.

[zenmachinefilms]

Too bad Obama, Bernacke and Geitner aren't picking up the phone calling him.

[vention4wh]

I'm not buying it. This economy is going to tank this year and hard! I'm buying real things like paper towels, wheat, beans, canned goods, ammo, and toilette paper, before inflation causes the prices on these items to double or triple. If I'm wrong, I would need these items anyway and will use them, but if I'm right I'll be glad I bought them while they were cheap.

[buffmuffin555]

Peter Schiff would agree with you there. That is his message, that the economy will tank and the dollar will collapse and you won't be able to aford to buy anything.

[sanarkhos]

Luskin is Mr Supply-Sider, which explains his moronic conclusions.

[Reedmylips7]

And yet he claims to have been heavily influenced by Hayek. He should go back and re-read Hayek.

[zenmachinefilms]

Yes, Luskin he's right on over-spending being a problem, but he's stuck with Art Laffer, Gary Smith and so many others in 1990's thinking that we can somehow grow our way out of this mess. Even Laffer himself seems gun shy about that in recent times.

[disciple90633]

"the upside of stocks is unlimited". wow, Don Luskin really is a complete tool.

Stocks are going LOWER and this idiot wants us to buy with both hands. People like Luskin, Kneale, Cramer and the idiots on fast money should all be marooned on a deserted island, never to interact with another human being, ever.

[felicity5150]

Yeah, those Wall St. pump & dump con artists need to be put in jail and spend some quality time with bubba and his ten incher. The whole Wall St. con game is legalized gambling in search of the greater fool. That's all it is, a cesspool of sharks and scam artists.

[827rover]

the guy in the middle is a jew