Peter Schiff on 2008.10.23 about the dollar and gold

[tk291100]

R.I.P Mark Haines

[hummarstra]

CNBC: Crap Nothing But Crap

[aviomaster]

I can not believe USA politicians are same as in Zimbabwe , especially their central bank idiot , PEOPLE in USA are you DUMB ?

[lulus219]

The DOW went down nearly 100 points during the course of this interview. Shows how volatile the markets can be, especially during late 2008.

Gold by the way has nearly DOUBLED since that interview. Good thing the "fat man" isn't managing my money.

[Rasmi17]

POG is 1400 USD now

[madhuradi]

Sorry Peter!!! They are going to flood the world with dollars anyway!

[BurnOutXL]

Erin Burnett is such a smug bitch, "the recent trend not that direction." And then, what else will people do with their $, they have to buy US stuff? Right? What a media talking-head. I love revisiting these old vids. Rick Santelli & Peter Schiff own Haines & Burnett.

[1cherrylane]

Hats off to you Mr.Schiff!!! You are the man!

[luvUtube247]

LOL, idiot reporters

Gold at the date of this interview was $742.00

Now $1,137.00

a gain of over 65%

LOOK who the "idiot" is now!!!!!

[timadams100]

I like how the fat guy acts so smart. If he was a money manager he would have gone bust long ago. Never trust anyone who's ass is wider than their shoulders....

[angelmtza]

@timadams100 I agree, it is true for lawyers too, if a counselor is too fat, don't hire him because most probably he is not in his prime and he's not hungry for victory.

[androc75]

Peter Shiff makes sense.

The chick is dumb and hot. I like it!

[ronpaulspanish]

I would quit college if someone would assure me I could talk to these 2 guys from time to time... I would learn way more!! At least some good austrian economics instead of keynesian bs

[heimannstudios]

Again, our F'n media out to ridicule and make fun rather than have a constructive conversation. Ever notice that the media turns it out to be a ridicule session right before they end the interview? Psych warfare right in our own living room. Replacing the media would be one of the first steps to bettering our world around us.

[nowayjose470]

Where are all the people that were ridiculing us about gold? Gold going up up up...

Dollar going down down down. At a record low vs the Yen.

Given the Fed's actions, there is no way in hell that the dollar could sustain its headfake rally.

[00587649]

haha. erin tried to shut peter up. cnbc has to be unrealistically positive

[tinydropsofvenom]

the anchor lady is hot

[dstephen9]

I wasn't a gold fan either, but I suspect the US dollar will disappear and be replaced with something else tying the US dollar to China or the Euro.

[MaelMan82]

yep, the Amero.

its already written into financial law, just not named.

[commonsense2008]

its what you get when you vote Bush.

[johnjohngoose]

As much as I agree with you that Bush is a b*stard, do you honestly think that Gore would have spent less money in wartime if confronted with 9/11? Do you think that Kerry would have been less likely to condone the bail out of Wall Street than Bush?

No, what we need(ed) is a Ron Paul. Don't believe me? Look him up.

[commonsense2008]

O no, I don't think that at all. All president candidates are pretty much the same, or at least controlled by the same source. What I mean is, Bush is a reflection of the American people,which is why he is there in the first place.

[Casar1973]

Down boy, down. That scum of a fat host deserves what is coming.

[kr3ml]

what's wrong with french bankers? :/

[shanemacc]

Money is actually not needed - it creates false scarcity. Money only serves to concentrate wealth to the rich. Check out venus project, for a description of resource based economy.

[realguy420]

and who is gonna build my toilet in a resource based economy?

But I do like the idea, money is a bad habit, it is worth discussing indeed =)

[ftorresgamez]

Guys, money is whatever people agree is money. it is the most liquid asset one holds, the most desirable. The Federal Reserve Note is used only because we are forced, but gold and silver have the best qualities for being money: desirability, durability, portability. Money simplifies trade. Gold and Silver may be the only things people will accept for trade after Obamanomics kick in...

[McConsumer]

I like how obama's name lends itself to the creation of so many new words.

[FarangBalls]

Schiff is awesome. watch his older videos from a few years ago, he predicted everything thats happening in the economy right now.

[vickyv85]

I'm turning all my savings into gold bullion and we'll see what happens in 3years good luck to us all.

[fuzzywzhe]

> I'm turning all my savings into gold bullion

> and we'll see what happens in 3years good

> luck to us all.

Turn 1/2 of it into gold. Don't be foolish.

And remember, get physical gold.

You never want to spend all your money. Sure you might lose some money but you need solvency during market interruptions.

[ftorresgamez]

Vicky85, buy gold AND silver. Also, hold cash (get a sturdy safe), the time may come ATMs do not have cash. I would not advise you to place all your savings in gold and silver, but I am placing 1/2 my savings in gold and silver rounds, bars and coins. Obama the Overlord may not try to confiscate metals á la FDR, because the dollar is not backed up by gold and silver anymore, but one may never know... so don't say you are holding metals.

[McConsumer]

diversify a bit.  pick up some other metals and JimRogers suggested agriculture

[ericd543]

"The products were great! The products were great!" (speaking about US deriravtives)

O.M.F'n.G.!

[stealthswimmer]

I dunno enough about this stuff to really weigh in on it, lol, but I've heard that some of the derivatives were great and others were horrible.

[FongoBongo]

Greenspan chickens are coming home to roost. lol

[luckyjude]

Peter Schiff we hope to hear more of you. Couldn't agree with you more. Real smart Guy!!!

[TXGOLD2000]

Coelacanth was once considered an extinct 400 million year old fossil until one was discovered off the coast of Madagascar. Funny thing, it had not evolved or changed for 400 million years.

Keep the superstitions out of the classroom.

[littleredbirdy]

I have never actually thought about that.

[timpedersen]

I agree, superstitions are ridiculous. Like if you "sin" you're going to a place of fire and pitchforks.

[kermitcintronsucks]

Nigga Please!

[619HipHopHead619]

type "nigga please" in the comment box and press audio preview its fuckin hilarious

[ImyManz99]

Physical silver selling for 80% premium on ebay right now.

[chumbels]

comex default in dec..... world turns upside down. the sky will fall.stock market shut down. martial law. no more diet coke.

[chomperface]

No more diet coke...glad to see something good coming out of this.

[chumbels]

saudis are be in a ghetto soon. with all their gaudy palaces. whatsamatter oil too cheap?? fuck you arrogant fucks.

[chumbels]

but gold,shove up ass. seal shut. dont pay taxes. pee your pants.

[chumbels]

we have 50,000$ lives and 100,000$ lifestyles. we put the difference on credit... gee why are we broke? why are all my neighbours chinese?

[WelfareRobot]

I can't believe how these jerkoffs keep disrespecting Peter. He has a better track record in predictions than *anyone* on these shows and many of them still insist on treating him like the town leper. I guess it just goes to show how incapable many people are of thinking for themselves; if most of the CNBC folks are cheerleading and someone goes against it, then by their logic that person must be wrong, even if they've proven sagacity in the past.

[UKSecretCourts]

Basically, you can't live off credit.

And you can't spend your way out, when you're broke, or every third world country would be on a shopping spree in Harrods.

Now America is joining the third world countries, begging cash to live hand to mouth.

Many European countries (Iceland, Hungary) are broke, because they financed America's addiction to credit.

This isn't high finance, it's a giant monopoly game, with shattered lives and homeless children.

Where were the regulators to stop this?

[timpedersen]

Oh yeah, regulators... funny story...

[chumbels]

hey wheres the ocean? whys the water going away?? oh fuck,is that a giant wave? should i run?...its worse than you can imagine and its real.there no john wayne or santa claus to help us. people will die.

[pdblower]

Erin Burnett is hot.

[threatlevelorange]

hahaha chickens with glasses

[chumbels]

obama wants to share my nascar plates with black people

[timpedersen]

A day later, this is still funny.

[chumbels]

comex gold is not gold. and it will probally default in dec....around the same time the dollar collapses. then gold will be 2=3 thousand to buy physical. so you have roughly one month to get physical gold...the paper price will get whacked down really low tight before that happens.....i have gold shoved up my ass

[timpedersen]

Whats more comfortable in the sphincter, bullion or coins?

And in all seriousness whaddya mean by "comex gold is not gold"?

[chumbels]

its just stock. and its easliy manipulated. and they cat delivery on all the contacts in dec... if people demand physical gold in exchange their stock... which may happen...1 oz coins are about 1,000$..paper is 730

[timpedersen]

i mean bars or coins... durrr

[AM429]

Why not put it in a safe?

[chumbels]

i saw an abc report where the government is taking some safety deposit boxes,claiming they couldnt find the owner. they go in with drills and take the shit and auction it... abc news...fact....this is life or death.this is real.

[timpedersen]

Happens all the time, same thing happened with OJ's parents storage space. That's why he was so pissed about his stuff being sold. (I think I might've taken an alternate route than guns blazing, oj is soooooo dumb)

[kevk87]

why do people think this video is Rick Santelli vs Peter Schiff? Santelli has actually been saying the same thing as Schiff. You guys should read the Minnesota Fed report (paper is called working paper 666) about the crisis.

[BlueSkies360]

Schiff 1:0 Santelli

Schiff 1:-10 Heinz & Co

[pablodanz]

I don't think the dollar can hold against the Euro. I beleive that in the long run the dollar always stay below tht Euro, whether 124 or 169 or 200. The dollar cannot hold up against the Euro. perhaps if Obama is the next president,maybe other economies will continue to invest in the dollar, if Obam can restore the U.S. and especially have a successfull pull out in Iraq

[mongobobo]

I fear multi-annual deflation which would be ruinous for my positions.

[jibbi4one]

LOL "...all those Greenspan Chickens coming home to roost."

Peter Schiff couldn't have described it any better !

Yup, the most irresponsible dumb ass elites ever.

[jimdidr]

I know its not nice to pick on dumb people, but if you don't know what your saying shut the føck up. (Icelandic French Norwegian ain't it all just the same... if I believed in a god I would invoke his wrath right about now.)

It was two "Counties" some time back that invested against regulations, and there fore lost money, it was long before the critical period that we are in now. (It was in no way as big a deal as the current crisis but they are related.)

[TXGOLD2000]

You still believe in evolution and are calling other people dumb?

[jimdidr]

Evolution is the best answer as of yet...

People who belive in a interventionist god should all go fight in iraq or jump into a pit full of snakes just to learn you will die like the rest of us how ever much you fold your hands and mumble, you'll just die more ignorant with false hope and the knowledge that you have helped keep the world from moving forward because you didn't want to føcking think.

[timpedersen]

hahah oh fuck! snakes!

[TXGOLD2000]

Best answer for what? The simplest life forms are too complex to have been created by random chance. The fossils for spiders, turtles, insects, fish, etc.. have shown they have not changed for millions of years.

Listen, if that is what you want to put your faith in then so be it. It just seems your hypocrisy knows no bounds.

[MayadaJeffery]

Dude, I hope your understanding of the COMEX is better that your understanding of biology. Natural selection is the polar opposite of random chance.

Pax.

[TXGOLD2000]

Apparently my understanding is much geater than yours.

[timpedersen]

pwned!

(Arguing with creationists is completely useless. It's the same as arguing with religious people - BECAUSE ITS THE SAME FUCKING THING - just in a veil of a word that I just now coined: "shcience")

[timpedersen]

"Yknow, the Coelacanth. Found off the coast of Madagascar?"

Crazy ass fish thinks he can walk all up on my beach. Get back in the water you!

[TXGOLD2000]

Coelacanth was once considered an extinct 400 million year old fossil until one was discovered off the coast of Madagascar. Funny thing, it had not evolved or changed for 400 million years.

Keep the superstitions out of the classroom.

[cincinnatusnow]

Can America pay back its debt with goods and materials,food and other resources/raw material etc..?

[NicNasty1981]

Lol, they cant even get close! Their trade deficite is fucking huge!

[campaign4liberty]

MOB McCain Obama Bush warmongers who supported criminal bailout will pay the price!

Nader for president

[chumbels]

im pro america cause im stupid and i dont question things. i want to win in iraq.

[chumbels]

uhhh... drill????? uh....... tax breaks for the rich??? uh......hey look nancy grace is on. im so stressed. why am i fat?

[chumbels]

any minute now chinas gonna say, here your fucking treasury bills,stick them in your ass.. we have no more use for america.......no one has any credit to buy our poison shit.you stupid motherfuckers. stupid. stupid. stupid. there is no john wayne. its over. and you brought it upon yourselves. so long piggy fucks. oink oink.

[ditkuss]

If you can buy gold, do it now. I think it's obvious by now that we're soon going to see hyperinflation followed by the complete collapse of the dollar.

[chumbels]

shhh. dont tell the sheeple,they get mad.they believe in john wayne and santa claus. and credit cards. and ipods. and cheeze wiz. let them sleep.

[nowayasway89]

lol sheeple

[HonestyInMedicine]

Silentonall, you mean we should HAVE read his book not should of.

[kauboibiboppu]

i want to know what that song is when the guy says "yep, peter schiff" ????

[justatrey]

I read his book about a year ago. Its amazing how accurate it has been, but I can only hope he is wrong about what we haven't seen yet. He has been on the money so far.

[alansready]

we really need someone better than mccain or obsama we are in big trouble. we need to have peter schiff be our next president

but obama is the absolute worse because he is a communist we need radical change and we need to keep obama out of office . he is the most dangerous man on this planet

there is going to be a crash on monday in the stock market

[BenjaminHarrer]

Peter Schiff and Ron Paul have been right on from the beginning!

[ronheri]

Peter Schiff has been right on just about everything; as opposed to Geenspan, Bernake, Paulson; and Bush (but we all know that.

[Musicians4Obama]

People's saving at all times low

The dollar's sinking way down below

Don't worry be happy

[teewillis1981]

Well I hope your musical instruments weren't bought on credit. And I sure hope that you don't mind Socialism if you're voting for Obama.

[TurboLoveTrain]

Can we elect Peter Schiff president? He predicted this a loong time ago.

[calgarystudmuffin]

Peter Schiff has been wrong on gold, wrong on the US dollar, and wrong on bonds. It's time to move on to new and brighter economic thinking.

[teewillis1981]

Give it time.

[calgarystudmuffin]

Look at government debt to GDP ratio. It's still manageable. Bushies were hideous at creating government debt. With a new president, that trend could change.

[teewillis1981]

Our government deb is 70% or GDP. How is that manageable? The Bush administration is hideous at creating debt and is STILL doing it. Not only that, both candidates are for big government spending. So when does the bottom drop out? Can it continue on? It's unsustainable. The trend will not change as long as we are operating on a fiat monetary system.

[teewillis1981]

That's just it. I am looking at government debt to GDP ratio. It's not manageable. Explain to me how a new president can change that trend. The only way that is possible if Obama stops the ridiculous fiscal spending. And he clearly has no plans to do that. The debt increases, the deficit spending doesn't stop and the bail-outs will continue. Denial is not a good place to be my friend.

[Richardgwm]

It's the end of the world.

[itubeutude]

no...it's the beginning of the end.

[skullsvcrossbones]

man, call this guy crackonomics or something. Cant get enough of him :)

[caganb]

Dark days are coming

[lidixmang]

Yeah, until Dec 25, when the solstice is over, and then the days will get lighter.

=)

[texmexpecs]

This putz should have started the interview by admitting how spot-on Peter Schiff has been over the years and excusing himself for all the cynical drivel he's thrown Schiff's way. . R. Santelli will likely be reprimanded for agreeing with Schiff so much

[texmexpecs]

Does this insignificant, toadstool of a man still break away to CNBC Europe by saying, "Now let's go see what the 'socialists' are doing in Europe" with a smug tone of voice? As if the U.S. Treasury's bailing out the financial industry with taxpayer money is anything less than socialism?

[texmexpecs]

Why does Mark Haines start the interview by attacking Schiff on the percentage loss on the spot price of gold? Especially while the Dow crumbles before his eyes. Maybe I don't get his cynical humor? I'm glad I stopped watching his chearleading garbage years ago.

[ronheri]

Buy gold, silver and lead for your pistol.

[walkingbear56]

ronheri thats about the best advice I've heard on the net for ages, sad to think it will come to that.

[cabelodefogouk]

I'm very surprised that a man as knowledgeable and clearly intelligent as Peter Schiff confused Norway and Iceland.

I suppose it's all the same for you Americans, isn't it?

[MikeVFX]

These guys are idiots. They might as well get John Madden to talk about the markets. Holy crap.

[malcom1985]

Schiff, once again, completely destroys anyone who opposes him. People have got to understand, the reason we're in such a mess is because the government let people have a field day and looked the other way, for years and years. When you borrow money you can't pay back, and then you blow it all, what did you think would happen?!?!

Which all, in the end, leads to inflation. We're looking for money, and no one will loan us money anymore, because we can't pay it back.

[cabelodefogouk]

That's not what he argues at all. It's not a case of the government 'letting' people do this or that (your post would suggest you're a proponent of regulation), it's that the POLICIES of the Federal Reserve (artifically low interest rates for one) enabled them to do it in the first place. They were ENABLED by the Federal Reserve, not LET. ENABLED and ENCOURAGED are the key words here, Malcom.

[Unkn0wnGuy]

Yes, the government let people have a field day because the government took away the fear of loss. The opposite of greed is fear, and when you take the fear of loss away greed will run wild. This isn't due to a lack of regulation, it's due to the government OVER-regulating the market with guarantees and artificially low interest rates. These bankers and speculators knew the government would bail them out so they over-leveraged and took ridiculous amounts of risk without fear of loss.

[bfb8688]

The sub-prime mortgages were encouraged by the federal government, Malcom. It isn't that the government "looked the other way" so much as it is the government manipulated the credit markets to create a bubble.

When a situation such as this occurs, in which a cluster of banking mistakes are made, it is more likely that a central policy maker (the Federal Reserve board of governors) has screwed up, rather than all businessman erring at the same time.

[teewillis1981]

I love it when people speak that actually understand economics. It's refreshing.

[BKDevious]

Holy crap!

Rick Santelli owns the show!

He is right on the money.

[antiwarmom]

CNBC is like a bunch of used car salesmen. Gold is NOT an investment, it's a hedge. $700 an ounce is time to buy, if you can.

[3dwardXP]

peter schiff does.... he always has, and thats why they always create this "you dont know what your talking about shit with schiff" theres always someone to knock down what he says, now it seems they are all listening kissin his ass after hes been right year after year... the guy knows what hes talking about. are you insinuating that sports casters no nothing about sports? cmon dude stop being retarded.

[accounthub]

Whats the female Reporter's name, Shes Hot

[xmzx]

I love when we watch this in like a few months or years, and say wow this dude is right AGAIN.

[loveisthevehicle]

Sorry. My comment below was intended to be a response to walkingbear56. It didn't get placed quite right.

[weznilez]

you know whats sad prolly 99 of Americans dont know the dollar isn't back by gold; or that the federal reserve isn't owned by the govt, and that the govt pays INTEREST for the fed reserve to print its money WHEN IT COULD PRINT IT FOR FREE!!!! lol... lemme repeat that the fed reserve isn't OWNED BY THE GOVT its owned by private banks; the govt has the fed reserve print its money then the govt PAYS THEM INTEREST ON IT - MONEY THE GOVT. COULD PRINT FOR FREE AND PAY NO INTEREST ON LMAOOOOOOOOOOOO

[weznilez]

%99

[discorsage]

How is that sad? A lot of Americans get shafted on how our entire society is setup - congress votes themselves pay raises time and time again, and one minimum wage raise in 10 years. Tell me how we can expect a guy making 7.50/hr or whatever it is to know this stuff or have time to. It takes me a decent amount of time to do it.

[controlpopulation]

I love how peter & rick kicked the hosts out of the discussion and just talked for the last 2 minutes. Much better than some host taking up a minute of time because he forgets a fricken question.

[walkingbear56]

"america" has been bankrupt financially, piritually and emotionally for years.. its time it woke up and  stopped taking from others to inflate its collective ego.

[walkingbear56]

the people of america deserve better than they are given by "america" (the people who have stolen their freedom)

(* spelling on previous comment... "spiritually")

[walkingbear56]

come to think of it most of the "first world" has been in the same inflated ego situation..so don't think Im having a dig at just america.

[loveisthevehicle]

Yes, & the year that multi-facted bankruptcy was initiated was 1913, when the unconstitutional Fed wormed its way into our governance.

People naturally become dis-spirited when hidden controllers rig the system. Emotional bankruptcy happens with jadedness over rampant unfairness (Fed control).

To be precise, Am. "collective ego" = Fed owners & their criminal cronies (legislators bought or blackmailed).

How would the US now be, had we charted our own destiny (WITHOUT the Fed monopoly)?

[walkingbear56]

I hope that we will see a change, and I trust that "we the people" will regain some kind of freedom.

But I doubt it... this is going to get very bloody..reading the signs isn't really a question of psychic.... you don't have to be much brighter than these idiots on the TV to realise that a world crisis is only a few weeks away.

Realignment? for god's sake grow up , wake up and take responsibility for the actions of the Fed.

Put Bernanke and Greenspan, the Rockerfellers et al on trial.

[walkingbear56]

and yes loveisthevehicle, I agree totally with you it was december 1912/13 when the fed got shoved through on a small vote.

[Jjustinn1]

rofl@ending

Way to be a hater!!

[JRCrowley]

Buy gold.

[Axtell71]

Hilarious that the hosts want to cast doubt on this guy's accurate interpretations of what's going on, what's causing it, and what's needed to fix it. The American economy has been wrecked by hyperconsumerism, and, primarily, spending way beyond our means. Until we establish of buying only things we can afford, of buying things we NEED, and to stop trying to keep up with the Joneses', the American economy will lay in ruin.

[Sepero1]

Somebody messed up at CNBC. They put a person on with Peter that was actually agreeing with him. Somebody probably got fired for that one.

[Tasadaru]

Rick is great! I think he too like Ron Paul.

[kenji4861]

I lost over $30k to gold in the last 2 weeks thanks to these damn youtube videos :(

[truthsabre7]

You only lose when you sell at a lost.

[peacespeech]

easy guy, if you think that government can print money indefinitely without any inflation - wait a half of year

gold is now very, very attractive

[TrueConservative123]

Peacespeech, I agree with you for the most part but if it comes down to hyper-inflation I don't think it would take place for at least two more years. It takes time for these things to be processed through the system although it is possible that it could happen a lot sooner.

[turdsplatter]

gold isn't something you get to make a quick buck... the fed stopped reporting the amount of money in circulation because they are printing so much of it. Gold is never a bad investment, unless you're looking for a quick gain.

[JRCrowley]

You lost nothing. If you had that much money to invest in gold, then you must have the brains to hold on to it for the next year. At that point, come back and let us know how happy you are to be $120k in the black.

[TheTeagster]

For your sake I really hope you aren't suggesting you actually sold your stock in gold, because it's not truly a loss until you sell. And gold is obviously, obviously not going to stay down.

[FreeTalkLive]

It will come back soon.

[mongobobo]

Gold could be pushed down as low as $500 oz. and Oil as low as $30 a barrel. I fear a long deflationary period as these idiot bankers around the globe continue to put faith in the US dollar. However, I've also heard that the Chinese central bank has been buying shitloads of gold to shore up its reserves. Nonetheless I have $225k in metal, food and energy stocks that i'm not dumping no matter how bad it gets. Luckily I'm only 38, even if it takes two years, the hyperinflation will be BIG!

[AM429]

I want to do the same thing, I have some gold and nat gas funds. What happens if the banks we have our portfolios with FAIL? Is that a possibility in your opinion?

[mongobobo]

Edward Jones, Bank of New York Mellon (Pershing), T. Rowe Price and Scottrade have the best capital multiples. The worst (from most worst to least) are: Morgan Stanley, Goldman Sachs, Citi Smith Barney and TD Ameritrade.

Hope this helps.

btw, I'm with Ameritrade (yikes!!)

[pomnew]

Peter Schiff, you rule!

[jsthinkart]

schiff is hot!!!

[Elg1no]

So we can thank America for giving us average Norwegian taxpayers an extra $57720 in debt.

Or actually it is the stupid Norwegian greedy bankers for doing this.

Damn i hate Norway rigth now, now you people can see what a socialistic country does to the economy. Low industry and 75% of GDP in debt.

When oil production stops it's back to exporting potatoes again. As we say in Norwegian FAEN TA DEM!! (Fuck them)

[PhatPhing]

Norway should have just let those banks fail instead of shifting the burden of those bad decisions from the guilty bankers to the innocent Norwegian taxpayers.

[ohio1998]

CNBC is a waste of time. My head hurts after listening to those assholes. Go schiff!!!!

[Realist0011]

Schiff rocks. Those other monkeys talking to him should just acknowledge their uselessness and shut up!

[rockhuddy]

At least the other guy knew better than to humiliate himself by arguing with Schiff.

[thomasst2]

Score another win for Austrian Economics.

[wanderingeyes11]

Schiff, point blank, has been saying this stuff for years. People hate him bcuz he tells us the real truth about this economy. God Bless you Peter.

[nidan206]

everyone who argues with Peter has to raise their voice to make it sound like they're right.

[silentonall]

Mr. Schiff...help us!!! We've been blind for so long! We should of read your book!!! Noooo!!!!!

PAWNED

[liammulrooney]

Schiff on the money as per

[mongobobo]

don't be so sure...

We could see some deflationary pressure as the world works its way out of this mess. That would mean SEVERE doward pressure on gold.