Friends don't let friends buy silver (or any precious metal) at retail! That's my motto! If you're interested in buying silver at wholesale price, send me a message. No minimums or maximums!
If we cannot get the IRS and Fed Banks and gov regulation out of the business sector of the USA ,we can forget it.What is it worth to try and make money when it is taken before you can even make it...May as well be on welfare,and we can get a free cell phone too,that was change you voters wanted.
The thing with Schiff being a corporatist is dangerous is, instead of bringing up the wages of our outsourced jobs, he wants to get rid of the minimum wage, and bring U.S. wages down to compete with them. Think about that.. how will you survive on 50 cents an hr? Nobody but the corporatists would be able to afford anything, including other food, property or services.
@cervantessssssssssss Schiff is not corporatist, he is the exact opposite. Libertarian.
Of course you can build a wall to keep business in US, but do you remember how it turned out in USSR? And this would be basically US turning its back on the prime principles of the country.
gold was artificially tied to the value of the U.S. currency for the period that the relationship was stable. That's not value in gold, that's just artificial pricing. It has varied dramatically, since, including a significant crash in gold prices during the 80s.
But by all means, invest all your savings in gold. If there's one thing we can learn from Peter Schiff, it's that hyped-up assets never collapse.
from 1946 to 1971 gold was fixed at $35.00 an ounce which was to shore up the dollar but Pres. Nixon did away with the gold standard because of the cashing in of the dollar for gold. I was there and remembered all this happening.
@plyadies your comparing gold prices today to that of the 1920-30s era, which is not a fair or true comparison given one important factor called inflation, the best way to compare the price / oz of gold bullion is what peter lynch advocates which is a ration against for example the dow average
@plyadies what is paper money worth? Well, $1400 of paper money buys an ounce of gold. As long as you can trade paper for gold, I suppose it's worth something.
@jdjbarnat Yes it is still worth something but as you see I said gold was at 1085 and oz. and now you said $1400 an oz. Soon we will see $5000 an oz. And on the international world market our dollar won't buy much. Our imports will go sky high so we need to make more per hour and those on fixed income will have a nightmare. Shops are poping up all over buying gold for cash. They know something we don't ? Save your silver coins and gold.
@plyadies I'm not disagreeing with you. I realize the dollar will collapse. But the idea that the USD is worthless makes no sense. Why else would people always be comparing the worth of precious metals to the USD. We intrinsically associate the monetary value of all things in terms of paper money..which is stupid. If you asked me how much an ounce of gold is worth, I'd say it's worth an ounce of gold...that measurement of value is constant, tangible and unchanging...unlike the dollar.
@jdjbarnat lol, yes you are right and I like your comment .. If you asked me how much an ounce of gold is worth, I'd say it's worth an ounce of gold... I really don't know where this dollar is going. I hear talk of the Yen, wuan, and one other I can't remember as a world currency.
A friend of mine who was assigned somewhere in Asia befriended an old, rich widow who said to him. It is much better to have a producing farm than a big bank account. Gold and silver are good but they have their limits. She remembers her experience in WW II when even the rich are also getting hungry and even have to beg farmers to sell them food even if they are more than willing to pay in gold, silver, and jewelry. Medical supplies & facilities are a best buy but you must be a trained paramedic
OK, you want to lump in people who are PAID to support something, then you need to throw Al Gore under the bus too. He will profit by the millions if the climate change theory is accepted and the laws to control it are enacted. He's paid by a number of corporations that deal with emissions controls. Make sure to include that fact when you comment on any climate change video. Beck is paid by gold sponsors and Gore is paid by emissions controls manufacturers. No difference, right?
The Wall Street Journal employs and is owned and operated by a bunch of tools. They're all told what to say, what to report, what not to say by the same assholes that control ALL the mainstream media. Research CFR and learn who really controls what you see on regular news networks. It's all a scam and for profit only. The run stories that will profit the corporations that own them and steer clear of those that might cause them to lose money. It's a total hose job.
Unfortunately these news reporters has an agenda, both personal and professional, to discredit people who are in the right so that they, these reporters, can save themselves from embarrasment and to protect their clients who has vested interests in maintaining the status quo and to destroy those who are exposing them. Reporters & journalists who allow themselves to be used by the powers that be who in turn are being supported and used by the greater powers that be, must be investigated, exposed
I do find it funny when the very people responsible for destroying the country's wealth, the baby boomers, talk about hyper-inflation and joblessness and how China now rules the world economy (sorta). The same people who have systematically auctioned off and sold our manufacturing base are now the very same people bitching.
If you want to survive, learn a tech job and do it better than other people.
I'm going to laugh when the Gold bubble crashes and all these stupid fuckers loose even more money for following trend curves instead of being ahead of them.
I have a whole bunch of this stuff called human shit that is worth quite a lot according to my sources so I am willing to sell it for a short time only at below market prices simply because I choose to assign value to it based on its future value.
Get it while it's good folks, it's not like we are going to start taking shit for exactly what is worth anytime soon.
Buy my own brand of shit if it makes you feel better, I for one one will keep my imaginary cash in my imaginary bank.
So is Schiff on the GOLD payroll like Beck or what? I mean being paid for making endorsements and passing them off as legitimate information for struggling families....psh
No, my little lefty nutjob, Schiff has been pro Gold for many many years. Beck has been talking about buying Gold long before any sponsors came along. It's probably why Gold sponsors sought him out.
Thats funny, i didnt once bring up politics, liberalism or conservatism....yet when people like YOU feel your ideals threatened by independent thought u go start with "Nutjob" "Lefty", "liberalism"...lol how conservative of u, Beck got on the Gold train when they backed the Brinks truck up to his front door, Schiff may be different which is why I simply ASKED the question...but i Forgot that you folks dont Question ANYONE who claims to represent your interests, you only questions opposition.
You didn't have to bring up politics, one only need read your profile to see you are a politico extremist of the lefty kind. No, Beck has been talking about government fiscal irresponsibility for quite some time and how debt impacts the dollar. If you are a gold seller, this is your target audience. It should come as no surprise they would seek out Beck. For example, there is an interview Beck has with Schiff about Gold being a good investment this was back in 4/08.
Keep drinking the right wing kool aide trav, mmmm ignorance really is bliss isnt it lol...dont patronize me, you are the walking talking embodiment of manipulation lol, who needs a PR dept when you can produce walking talking propaganda machines out of your viewers. Its win win, you boys are genius, have a great day
As opposed to few words no substance? You're really swinging for the fence on these short quotables, short concise easy to remember talking points...like i said, you guys are genius.
I gave you substance, I showed you Beck talking about Gold long before any sponsors.
You made an accusation about Beck. I gave you the other side. And all you really have to say now is "you guys are genius" -in typical troll-like fashion.
Its not an accusation, Beck supports Gold, Gold pays Beck to support them...stop trying to paint it as theory when its fact. And You guys are genius, look how many people you've fooled, in typical Right wing Fashion...which usually includes a pair of high heels in your closet. Excuse me I have to put some water in your mothers dish. Enjoy the last word, i know you fiend for it.
Before Gold sponsors, Beck supported Gold. Without Gold sponsors Beck still supports Gold. Gold commericials generally air on conservative shows, not just Glenn Beck. Groups like Media Matters that are making a big deal about this are trying to make it out as though there is a conflict of interest, when there is none. But this is the kool-aid you drink. Live in ignorance and be manipulated. Then again, you are young and foolish so maybe u will learn. Thanks for the last word. haha
In May 2002, Schiffty Pete predicted hyperinflation, skyrocketing interest rates and the Dow falling to 2000 within the next two years. None of that happened. Let's face it, Schiffty Pete is just another fearmongering Republican politician.
Actually, Schiffty Pete was very specific about the time frame. As to sources, please see his May 2002 interview on the You Tube video suggested below in the comments by billsaintkilda.
Your statement that Schiffty Pete doesn't predict time frames is silly. Investing is all about timing. Of course, that probably explains why investors in Schiffty's Euro Pacific fund have gotten creamed.
@AtlasShruggery, what are you talking about? gold then was under $500 an ounce, now its around $1250, you don't call that inflation? I can't even buy a loaf of bread for $1 anymore, unless its some crazy sale, is that not inflation?
He never said it was going to happen in 2 years, he said he didn't know when it was giong to happen, but it was going to happen, look at where we are now
No, my argument succeeds. Zimbabwe was ostracized economically but it still restored itself. Yes, Mugabe spent a lot but he had to to keep his power, otherwise Zimbabwe would have become a banana republic with a corrupt head who was pro-American like Marcos. Compare this to the US who gets loans from other countries and still gets an F. Zimbabwe with all the nations of the world imposing sanctions on it NOW has people wanting to invest in it. It shows the power of socialism.
And the person who implied that gold was partly responsible for Zimbabwe's recovery in that people used it as money, gold as currency is only a small part of it. The majority use Zimbabwean paper money.
LOL! The "power" of Socialism is a tiny few who benefit from the suffering of many having to share what is left. Don't you understand central control of money makes it impossible to know how much and what kind of currency the market needs to operate? China has it right, economically. The government stays out of fiscal policy and allows market-minded people to communicate with industry.
The "Zimbabwe" argument is so tired. The U.S. would never fall into that situation sans a Fed.
doesnt matter what president you put in office...rep, dem , whatever ...he is just a puppet
VERY LARGE Us corporations run this country not the president
the United States of America is a FASCIST country
pull out your Websters..look the word up
read and TOTALY understand the meaning
the only reason obama would be assassinated would be if he failed to do what he was told (by VERY large defense contractors..multi-trillion dollar oil corporations etc.)...NOT because he is black
What could be the motivation for the Wall Street Journal to try to discredit Peter Schiff? What could it be? Hmmmm. What supernatural force or being could be influencing them? Could it be....oh I don't know.....possibly.......SATAN!!!!(Church Lady Voice) Seriously though, Bob Brinker
should refrain from talking about his political opinion. He still thinks Obama is
doing fine, that Bernanke is great, that the
Fed is just peachy,etc. He's like a Suze Orman without the bleach blond mop top!
are you really asking "how" it can be cheaper to import nails? If we got rid of unions, it would be much more affordable to manufacture in the U.S. No wonder obama supports unions.
The Keynesian believers find bubbles great and attractive...
Well, the treasury bubble will bring the best economic boom this country has seen in years and then fizzle out and collapse tremendously 6-9 months from now, a year to a year and a half from now if they are lucky. Spending will pick up very rapidly and inflation will begin on the population level instead of Wall Street over this month due to Nov job numbers and the holiday.
the only way to save America is to put up a Tariff and protection for parts of US manufacturing. China is advantageous because it imposes 24% tariffs, so of course everything from the world is expensive and hard to import into China. America needs to get rid of NAFTA, and all these fake "free trade" policies. The destruction of the US because of the wrong policies of Globalization.
The gravity of this does not sink in to peoples heads, even the Flags we wave at our July 4th parties are made in China! Look around your house if you can find a single Made in America label it's probaby only assembled here out of imported parts.
What do you think of Zimbabwe's turnaround in its economy by introducing its own money and getting rid of central banks? Doesn't that mean that Mugabe's socialism worked? Doesn't that show that gold is not needed? That it just requires what Lincoln and the Revolutionaries did, creating new money system independent of central banks? Paper money is not the problem, it's (private) central banking. Zimbabwe's recovery could have been predicted. Socialism DOES work.
I'm not sure where to even begin with this. Zimbabwe's "turnaround" came about because legal tender laws where abolished. That said, it's still one of the poorest countries in the world.
You need to remember that the failure of paper money during the Revolution is why the Constitution declares that only gold and silver are lawful money.
Zimbabwe had hyperinflation because Mugabe inflated the currency to pay for government expenses. He could do this by "borrowing" from the central bank, which would simply print the money. Central banks are not private institutions in any meaningful sense of the word.
We are not a third world country - we can't compete with 10$/day salary of the Chinese.
We need educated, well-rounded people who can sell worldwide, engineer products and manage people not produce. That only works for military equipment and govt products who buy nationally.
I want a senator who will prepare us for the current world not the great depression.
The Afghanistan War, Iraq War which no country cares to stop is proof positive that the banks - international money - is protecting the US. If banks switch on us now we will either have a world war or nuclear war and US will be the target.
@winner502 Last I heard Nike is the biggest shoe Retailer in the world. The labor market is way too expensive in the US, it only makes business sense to manufacture them in China/India and Africa and THEN SELL IT BACK TO THE WORLD. it's cheaper to import nails then to make them in the US, come on use ur brain! A Chinaman can make the same amount of nails for 1/10 less money! Why would any business want to produce products with low margins in the US?
Quit lying. Schiff never bought into the Bush-Greenspan bubble. It is a well documented fact that Krugman repeatedly called for the Greenspan Fed to create a housing bubble after the bursting of the dot-com bubble. Like most Keynesians, Krugman can't distinguish between an artificial bubble and real economic growth.
"It is a well documented fact that Krugman repeatedly called for the Greenspan Fed to create a housing bubble"
Really? Did you hear that on Faux News? If it's so well documented, how 'bout providing a source? Have you ever even read Krugman's predictions of the Greenspan bubble?
Krugman as well as other Keynesians like Roubini were warning about a housing bubble in 2002. Schiffty Pete didn't jump on the bandwagon until 2004 Schiff was a pimp for Bush's idiotic invasion of Iraq, too.
In 2002, According to Schiffty Pete, the Dow was going to fall to 2,000 within two years. Interest rates & inflation were gonna skyrocket. That never happened. The Dow went from 7,000 to 14,000 over the next five years. Schiffty makes no predictions about a housing bubble nor does he offer the slightest criticism of Bush or Greenspan. Further, Schiffty was a big pimp for Bush's idiotic invasion of Iraq which he claimed would reduce oil prices.
Did you not read my previous post? The point is that Krugman doesn't understand basic economics, which is why he supports disastrous policies. I'm sorry if you have difficulty with reading comprehension.
Hmmm. Paul Krugman is a Nobel Prize winning economist with a PhD in Economics. Schiffy Pete is a Republican politician and stockbroker with a BS in Finance. What exactly are your qualifications?
And did you even bother to actually read Krugman's predictions of the housing bubble or do you get all your info from the hacks at Mises and Faux News?
Yes, hacks. Typical editing job by a typical von Mises hack. Go back and read the entire Krugman piece if you have the guts. Krugman never advocated any such thing. It was a hypothetical and a not so subtle jab at Greenspan and the monetarist clowns.
The fact remains that Krugman, Roubini and many other Keynesians warned about the housing bubble back when Schiffy Pete was pimping the Iraq war and babbling about skyrocketing interest rates, hyperinflation and the Dow falling to 2,000.
if that's what helps you sleep at night. I don't see how taking a direct quote is an editing job.
There's another article that has an entire paragraph of what Krugman said so that it wasn't taken out of context...and he WAS advocating a housing bubble as the answer to the recession....and as most people who have ever listened to Krugman should know, Krugman always advocates fighting recession and never suggests the government should just sit idly by
I'm given to understand that Krugman won his Noble prize for his early work on international trade, not for any insights regarding the business cycle. And what use is being able to predict bubbles when your policy prescriptions, if followed, inevitably lead from one bubble to the next? What sort of advice is Krugman offering to policy makers now? Does it look like he has learned anything from 2001-2002? As for my 'qualifications', I can at least learn from experience.
My only problem with Schiff is that he does not conform to the Austrian concept of apodictic statements... that is, he tries to make predictions rather than non-falsifiable statements.
But I've read that Krugman loser and he's more full of crap than Bernanke. The only reason he has such a high paying gig is that he injects liberal politics into his nonsense. Any real economist would understand that politics and economics do not mix and are complete paradoxes of each other.
Whether they saw it coming or not, they did nothing and kept the status quo, because that is their system. "The American System" of corporate bailouts and CEO's in private jets and limos begging for tax payer money.
The economic hack Hamilton would be proud of your ignorance.
Hilarious how you are one of those goofy Ayn Randites, but you are also spouting religious nonsense on your page. Don't you know she claimed "religion is the enemy"? Well, she was full of crap. The State, a real entity that actually affects your life, is the enemy.
Reading comprehension just isn't your strong suit, is it? Please consider revisiting my channel and reading more carefully.
As far as I'm concerned, Ayn Rand is an egomanical sociopath who wrote boring fiction. Sadly, Ayn Rand groupies like Alan Greenspan didn't Go Galt before they wrecked the US banking system.
Peter, they're not going to give you a favorable report, you've offended them by suggesting that the fed SHOULDN'T be doling out virtually free credit.
But we can keep trading pictures of dead presidents for manufactured goods forever, right? The Chinese aren't actually going to expect to be able to buy stuff with those green slips of paper we're them.
ever since the amoral bush administration "shanghi'd" the press back at the start of bush's contrived invasion of Iraq, the "Free Press" has become extinct
it has no function anymore except to brainwash
lie
cover up
distort the truth
omit facts
mis-inform
entertain nutcase christian agendas and ...
make ALOT of money from VERY LARGE US corporations in doing so
the USA is functionaly illiterate in the "News" department..has been for 7 years now
...ok, I'm almost sure, youtube is editing and/or deleting my comments...I've commented on several schiffreport videoes and they NEVER appear in the comments list...OK youtube, I'll dumb it down, gee whiz
You sir are my hero! ive been trying to explain what you said about the jobs to everyone and no one seems to listen or understand what im saying. we need production, but as long as company's can make things cheaper elsewhere. they arent going to keep the jobs here. there needs to be some sort of regulation on outsourcing. i cannot agree with you anymore! how many people are going to sell t shirts and change tires ect. thanks for posting.
The media is captured by the elite who steer the world and global corporations. Obviously, the Wall Street Journal wants "Senator" Dodd to get re-elected.
Impeach Obama, not because I'm racist. He has broken American, and International laws. Go to my page, subscribe and sign the petition. Find out why, You do hate OBAMA! You just don't know it yet! Or Subscribe if you want the "CHANGE" promised
Peter forgot to mention that, if gold does fall, China's just going to step in and buy it anyway to diversify their reserves. The Fed is not the only source of price inflation anymore, foreign holdings are a potential threat too.
You need more capital behind the labor so they can produce more than the slaves (1000 slaves building a road with a shovel v. 100 americans building it with bulldozers).
We need to build better factories to outcompete the slave labor. Of course, now things are so bad that China has slaves and better factories, so as you say, it will take a long time to rebuild.
A long time is right. As Peter says, We are broke. We owe more than we are worth. And the present administration is set on a course which will break the Dollar (with the popular consent behind it)
In such a world, how do you raise the Capital to compete in supersaturated markets, where no prospects for new customers exists now.
[if I understand the Austrian's international division of labor theory correctly] Let's say 1m people buy cars. They can buy foreign cars for $5k or can be forced to buy U.S. cars at $15k. Forcing them to buy U.S. cars is good for the car maker, but it costs the U.S. $10b in capital compared to the free market. So I think their answer is buy the cheap cars and use the xtra capital to build something else in another field. Plus hasn't worked for GM hahah.
So far it seems the American consumer has chosen to direct the extra capital at yet more cheap imported goods. Any US reinvestment of said gains seems to have gone into building the now empty mega malls where US consumers canbuy yet even more Chinese trinkets, Zhu Zhu anyone.
So the point (I think) is that when you don't protect the industries, maybe you don't directly compete in your neighbors field, but you allow faster capital accumulation so that you can expand your own economy into other fields. I think that's why they call it the "international division of labor" because you let the country who is good at something do it for you and you trade what you are good at and everyone benfits.
If their theory was wrong, then how would any nation other than the U.S. (or Britain)ever industrialize? Even with their slave labor, they couldn't have competed with our factories and they would never have gotten anywhere. It would be "whoever industrializes first wins." But we actually see that the Asians are overtaking us, even though they got into the game late. (ok, promise I'm done after 3 posts)
Overtaking us is an understatement. Seems China has remained true to the Communist dictum of hanging the Capitalist with the rope they themselves made, and to that end we've even hocked our children's future. Sadly.
"How can you recreate a domestic manufacturing sector without protectionism?"
Well, for one, they could repeal regulations that make it more expensive to do business in the US than in China or other foreign countries. The truth, though, is that it will be a painful process. The productive sector in this country has atrophied severely, in part because we've been able to get free shit from abroad due to the dollar's reserve status.
I wish I lived in Connecticut so I could vote for you :)
I'm in the same boat as luckyvet, I was waiting for a bit of a correction before really getting into gold and silver. At over $1200/oz every buck this correction shaves off means more gold for me =P
Hi there MrHarry46. I agree but I fear there is no leadership to be found in the two-headed, one party system. I wish the USA would return to paper ballots and ditch those electronic fraud machines because I am sure that Ron Paul is cheated out of the Republican nomination when he runs. I think Ron Paul would start to put things right. I think he would end the fed, peg the money to gold and silver and gut government spending.
wtf are you talking about. You love china so much go live in that polluted totalitarian hell hole. Unfortunately your not allowed to say the leader sucked another leaders cock in that country. Well you can but they come to your house put a bullet int your head, harvest your organs and then charge your family for the whole process...Im not even being dramatic on that part that is really what happens to critics of the state of there.
Your response just seems so irrational and filled with anger, rather than reason and logic. No one is saying they admire China as country, in the sense of it's lack of liberty and freedom, just acknowledging it's economic position. Also consider the dwindling freedom here in America; free speech zones, patriot act, torture, martial law when ever the president wants it, detention without trial, etc. The political and economic liberties of Americans are always under attack, same in Europe too.
This comment has received too many negative votesshow
whens the big gold rush comin peter? you've been talking about it for the last year and we've seen zero return. Had you said something in September 2008 I would say you knew what you were talking about but now your just blowing smoke up our ass...where does that expression even come from? oh well thats what your doing.
Hasnt gone up that much over the last decade. It really has not seen a significant bounce since the early 80's and its been downhill from there until the recent recession and now the price of gold is going down again since the economy is recovering. I mean yeah there may be some inflation in the future but not the extent where gold will skyrocket.
Oh you mean the jobless recovery? How can you have a real recovery with over 10% unemployment, (higher if you use the correct figures), when the economy is based on 70% consumption? Just wait until the inflation kicks in and then they (govt.), kills manufacturing with cap and trade, more jobs will go and the US will be utterly destitute. Then factor in retiring baby boomers with lost savings and broken social security. Plus the debt from bailouts, wars and healthcare.
Keep up the Good Work Peter! I'm glad someone has the balls to tell the American People the truth. Thanks for having the courage to go against the grain, I support you! :o)
Hi Schiff...So I saw your videos under one of my video's "related videos" and I checked out your channel and your videos are actually good! Keep up the good work. Please feel free to click on my channel and subscribe!
The dollar isn't going to "bounce" back b/c that's eventuality isn't apart of the design. Guys, this ENTIRE situation is artificial. That is, it is MAN-ufactured.The Gov't owned corportaion (which by definition sort of makes it , I don't know, facist) known s the FED, MAN-ipulates interest rates for just such a purpose. Power is the only thing that matter to them. But we are too occluded to see.
Dollar, I bid thee farewell...Forsooth, what's this balderdash?! The Amero?! Nay, but you are mistaken, good sir, surely. (Tsk*Tsk* Don't you guys recognize a hostile takeover when you see one?)
Yea your so RIGHT!!!! about the money spend on bailouts and job market is sad (depressed) for the people.
I wonder how long the money would have lasted that we used to bailout Cos. if we had used the money to re-hire or not allow Cos. to lay off people by paying their salaries from the stimulus, strictly speaking. I wonder.......
This comment has received too many negative votesshow
if america fails its because of americans
too stupid, lazy and fat to do anything about their very own predicament
except fart puke and be stinky
remember...fatasses get waxed first
then its the amoral christians(american christians have fucked MILLIONS of people around the world over, over the last 60 years.....now its YOUR TIME TO GET FUCKED
remember......americans run this country if americans are weak and brainwashed ei: by the very government THROUGH LARGE MEDIA CORPORATIONS then they are not in control of things that they SHOULD BE IN CONTROL OF meaning they are letting THEMSELVES DOWN. READ THE US CONSTITUTION MOTHER FUCKER I THINK NOW IS TIME YOU SHOULD WAKE UP GET OFF YOUR FAT ASSES AND READ YOUR VERY OWN US CONSTITUTION DO IT NOW the reason the US GOV is off the leash is because americans are fat lazy pigs
I think most americans have sat by idle... waiting watching hoping something would change hoping against hope why hasnt anything been done why hasnt anything changed well...americans have been brainwashed brainwashed by the media brainwashed into thinking everything is ok REMEMBER..MEDIA WORKS FOR THE HIGHEST BIDDER EVERYTHING YOU WILL EVER SEE ON YOUR TV SET IS PAID FOR BY SOMEONE read:....us GOV/Corporations OWN your ass(and mind) and you dont even know it
Shame on you Wall Street Journal.
TWSceptic 1 month ago
peter please dont stop these videos.
finarrykahn13 8 months ago
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montyamoraa 1 year ago
If we cannot get the IRS and Fed Banks and gov regulation out of the business sector of the USA ,we can forget it.What is it worth to try and make money when it is taken before you can even make it...May as well be on welfare,and we can get a free cell phone too,that was change you voters wanted.
CrashMarket 1 year ago
Don't worry about the reporters Mr Schiff. They are not playing straight with you.
Sometimes it is confusing being a rational being in a political world.
Jzasxx5 1 year ago
The thing with Schiff being a corporatist is dangerous is, instead of bringing up the wages of our outsourced jobs, he wants to get rid of the minimum wage, and bring U.S. wages down to compete with them. Think about that.. how will you survive on 50 cents an hr? Nobody but the corporatists would be able to afford anything, including other food, property or services.
cervantessssssssssss 1 year ago
@cervantessssssssssss Schiff is not corporatist, he is the exact opposite. Libertarian.
Of course you can build a wall to keep business in US, but do you remember how it turned out in USSR? And this would be basically US turning its back on the prime principles of the country.
Keyguya 1 year ago
Gold soldfor $35 an oz. and now $1085.00. Does that tell you what your paper money is woirth...Death of the west...
plyadies 2 years ago 13
gold was artificially tied to the value of the U.S. currency for the period that the relationship was stable. That's not value in gold, that's just artificial pricing. It has varied dramatically, since, including a significant crash in gold prices during the 80s.
But by all means, invest all your savings in gold. If there's one thing we can learn from Peter Schiff, it's that hyped-up assets never collapse.
redwards29a 2 years ago
Not that I dont think US dollar is doing well, but when was Gold traded at $35 / oz ?
danpt2000 1 year ago
from 1946 to 1971 gold was fixed at $35.00 an ounce which was to shore up the dollar but Pres. Nixon did away with the gold standard because of the cashing in of the dollar for gold. I was there and remembered all this happening.
plyadies 1 year ago
@plyadies your comparing gold prices today to that of the 1920-30s era, which is not a fair or true comparison given one important factor called inflation, the best way to compare the price / oz of gold bullion is what peter lynch advocates which is a ration against for example the dow average
YiDog21 1 year ago
@plyadies what is paper money worth? Well, $1400 of paper money buys an ounce of gold. As long as you can trade paper for gold, I suppose it's worth something.
jdjbarnat 10 months ago
@jdjbarnat Yes it is still worth something but as you see I said gold was at 1085 and oz. and now you said $1400 an oz. Soon we will see $5000 an oz. And on the international world market our dollar won't buy much. Our imports will go sky high so we need to make more per hour and those on fixed income will have a nightmare. Shops are poping up all over buying gold for cash. They know something we don't ? Save your silver coins and gold.
plyadies 10 months ago
@plyadies I'm not disagreeing with you. I realize the dollar will collapse. But the idea that the USD is worthless makes no sense. Why else would people always be comparing the worth of precious metals to the USD. We intrinsically associate the monetary value of all things in terms of paper money..which is stupid. If you asked me how much an ounce of gold is worth, I'd say it's worth an ounce of gold...that measurement of value is constant, tangible and unchanging...unlike the dollar.
jdjbarnat 10 months ago
@jdjbarnat lol, yes you are right and I like your comment .. If you asked me how much an ounce of gold is worth, I'd say it's worth an ounce of gold... I really don't know where this dollar is going. I hear talk of the Yen, wuan, and one other I can't remember as a world currency.
plyadies 10 months ago
I love this guy. He is direct, truthful, and indirectly hilarious.
ArizonaDelRio 2 years ago 5
I wonder if Schiffty Pete's call to bomb Iran has anything to do with his prediction that the price of gold will rise to $5,000 per ounce?
AtlasShruggery 2 years ago
A friend of mine who was assigned somewhere in Asia befriended an old, rich widow who said to him. It is much better to have a producing farm than a big bank account. Gold and silver are good but they have their limits. She remembers her experience in WW II when even the rich are also getting hungry and even have to beg farmers to sell them food even if they are more than willing to pay in gold, silver, and jewelry. Medical supplies & facilities are a best buy but you must be a trained paramedic
darthvader5300 2 years ago
OK, you want to lump in people who are PAID to support something, then you need to throw Al Gore under the bus too. He will profit by the millions if the climate change theory is accepted and the laws to control it are enacted. He's paid by a number of corporations that deal with emissions controls. Make sure to include that fact when you comment on any climate change video. Beck is paid by gold sponsors and Gore is paid by emissions controls manufacturers. No difference, right?
ConspiracyForTruth 2 years ago
The Wall Street Journal employs and is owned and operated by a bunch of tools. They're all told what to say, what to report, what not to say by the same assholes that control ALL the mainstream media. Research CFR and learn who really controls what you see on regular news networks. It's all a scam and for profit only. The run stories that will profit the corporations that own them and steer clear of those that might cause them to lose money. It's a total hose job.
ConspiracyForTruth 2 years ago 2
Unfortunately these news reporters has an agenda, both personal and professional, to discredit people who are in the right so that they, these reporters, can save themselves from embarrasment and to protect their clients who has vested interests in maintaining the status quo and to destroy those who are exposing them. Reporters & journalists who allow themselves to be used by the powers that be who in turn are being supported and used by the greater powers that be, must be investigated, exposed
darthvader5300 2 years ago
but if the economy plummets maybe we'll eat less and then we'll lose weight and live longer.
stalepieonceagain 2 years ago
I do find it funny when the very people responsible for destroying the country's wealth, the baby boomers, talk about hyper-inflation and joblessness and how China now rules the world economy (sorta). The same people who have systematically auctioned off and sold our manufacturing base are now the very same people bitching.
If you want to survive, learn a tech job and do it better than other people.
TheGoldenSun0986 2 years ago
I'm going to laugh when the Gold bubble crashes and all these stupid fuckers loose even more money for following trend curves instead of being ahead of them.
TheGoldenSun0986 2 years ago
I have a whole bunch of this stuff called human shit that is worth quite a lot according to my sources so I am willing to sell it for a short time only at below market prices simply because I choose to assign value to it based on its future value.
Get it while it's good folks, it's not like we are going to start taking shit for exactly what is worth anytime soon.
Buy my own brand of shit if it makes you feel better, I for one one will keep my imaginary cash in my imaginary bank.
TimmyHaag 2 years ago
So is Schiff on the GOLD payroll like Beck or what? I mean being paid for making endorsements and passing them off as legitimate information for struggling families....psh
729Drew 2 years ago
No, my little lefty nutjob, Schiff has been pro Gold for many many years. Beck has been talking about buying Gold long before any sponsors came along. It's probably why Gold sponsors sought him out.
Think for yourself.
Question Liberalsim.
jtravis282 2 years ago 2
Thats funny, i didnt once bring up politics, liberalism or conservatism....yet when people like YOU feel your ideals threatened by independent thought u go start with "Nutjob" "Lefty", "liberalism"...lol how conservative of u, Beck got on the Gold train when they backed the Brinks truck up to his front door, Schiff may be different which is why I simply ASKED the question...but i Forgot that you folks dont Question ANYONE who claims to represent your interests, you only questions opposition.
729Drew 2 years ago
You didn't have to bring up politics, one only need read your profile to see you are a politico extremist of the lefty kind. No, Beck has been talking about government fiscal irresponsibility for quite some time and how debt impacts the dollar. If you are a gold seller, this is your target audience. It should come as no surprise they would seek out Beck. For example, there is an interview Beck has with Schiff about Gold being a good investment this was back in 4/08.
Stop being manipulated.
jtravis282 2 years ago
Keep drinking the right wing kool aide trav, mmmm ignorance really is bliss isnt it lol...dont patronize me, you are the walking talking embodiment of manipulation lol, who needs a PR dept when you can produce walking talking propaganda machines out of your viewers. Its win win, you boys are genius, have a great day
729Drew 2 years ago
@729Drew
Lots of words, no substance.
jtravis282 2 years ago
As opposed to few words no substance? You're really swinging for the fence on these short quotables, short concise easy to remember talking points...like i said, you guys are genius.
729Drew 2 years ago
I gave you substance, I showed you Beck talking about Gold long before any sponsors.
You made an accusation about Beck. I gave you the other side. And all you really have to say now is "you guys are genius" -in typical troll-like fashion.
jtravis282 2 years ago
Its not an accusation, Beck supports Gold, Gold pays Beck to support them...stop trying to paint it as theory when its fact. And You guys are genius, look how many people you've fooled, in typical Right wing Fashion...which usually includes a pair of high heels in your closet. Excuse me I have to put some water in your mothers dish. Enjoy the last word, i know you fiend for it.
729Drew 2 years ago
Before Gold sponsors, Beck supported Gold. Without Gold sponsors Beck still supports Gold. Gold commericials generally air on conservative shows, not just Glenn Beck. Groups like Media Matters that are making a big deal about this are trying to make it out as though there is a conflict of interest, when there is none. But this is the kool-aid you drink. Live in ignorance and be manipulated. Then again, you are young and foolish so maybe u will learn. Thanks for the last word. haha
jtravis282 2 years ago
You are such a gullible fool, seriously don't buy your gold from Beck
blingbling65943 2 years ago
And you think the liberal pundits you listen to aren't full of sheeet? Who should I buy my gold from? Keith Olbermann?
jtravis282 2 years ago
DON'T BUY YOUR GOLD FROM ANY IDIOT ON TV, RETARD.
Use a reputable local dealer you can trust.
blingbling65943 2 years ago 2
In May 2002, Schiffty Pete predicted hyperinflation, skyrocketing interest rates and the Dow falling to 2000 within the next two years. None of that happened. Let's face it, Schiffty Pete is just another fearmongering Republican politician.
AtlasShruggery 2 years ago
Comment removed
viehe69 2 years ago
Actually, Schiffty Pete was very specific about the time frame. As to sources, please see his May 2002 interview on the You Tube video suggested below in the comments by billsaintkilda.
Your statement that Schiffty Pete doesn't predict time frames is silly. Investing is all about timing. Of course, that probably explains why investors in Schiffty's Euro Pacific fund have gotten creamed.
AtlasShruggery 2 years ago
Comment removed
viehe69 2 years ago
After reading more of your posts I'm sorry I even acknowledged you with a response.
viehe69 2 years ago
@AtlasShruggery, what are you talking about? gold then was under $500 an ounce, now its around $1250, you don't call that inflation? I can't even buy a loaf of bread for $1 anymore, unless its some crazy sale, is that not inflation?
He never said it was going to happen in 2 years, he said he didn't know when it was giong to happen, but it was going to happen, look at where we are now
nsolcis 1 year ago
RvNYC:
Id laugh but....
what you said is true and NOT funny!!
gives a little creedence to what Pete says
(hell we ALL know its true... slave labor, ie: 50cents an hour(in China) beats even NON -union labor in USA ANY DAY!!)
(nothing like a GOOD OLD SLAVE....NIGGER.... CHINK....WHATEVER)
Why do you think the South fought the Civil war???
MONEY baby MONEY
ITS ALL DOLLARS MOTHER-FUCKER
ALL ABOUT DOLLARS!!! HOOOOOOOOORAAAHHH!!
MrHarry46 2 years ago
America is not a capitalist society and hasnt been for along time.. looks alot like totalitarianism to me..
read "the creature from jekyl island" for more.
davidleeco 2 years ago
No, my argument succeeds. Zimbabwe was ostracized economically but it still restored itself. Yes, Mugabe spent a lot but he had to to keep his power, otherwise Zimbabwe would have become a banana republic with a corrupt head who was pro-American like Marcos. Compare this to the US who gets loans from other countries and still gets an F. Zimbabwe with all the nations of the world imposing sanctions on it NOW has people wanting to invest in it. It shows the power of socialism.
Youreallsheople 2 years ago
And the person who implied that gold was partly responsible for Zimbabwe's recovery in that people used it as money, gold as currency is only a small part of it. The majority use Zimbabwean paper money.
Youreallsheople 2 years ago
LOL! The "power" of Socialism is a tiny few who benefit from the suffering of many having to share what is left. Don't you understand central control of money makes it impossible to know how much and what kind of currency the market needs to operate? China has it right, economically. The government stays out of fiscal policy and allows market-minded people to communicate with industry.
The "Zimbabwe" argument is so tired. The U.S. would never fall into that situation sans a Fed.
DarthKazi 2 years ago
wallstreet journal is biased
grams2grammys 2 years ago
watch my last statement be wiped from the comment list tomorrow
("they" are watching )
MrHarry46 2 years ago
doesnt matter what president you put in office...rep, dem , whatever ...he is just a puppet
VERY LARGE Us corporations run this country not the president
the United States of America is a FASCIST country
pull out your Websters..look the word up
read and TOTALY understand the meaning
the only reason obama would be assassinated would be if he failed to do what he was told (by VERY large defense contractors..multi-trillion dollar oil corporations etc.)...NOT because he is black
MrHarry46 2 years ago
What could be the motivation for the Wall Street Journal to try to discredit Peter Schiff? What could it be? Hmmmm. What supernatural force or being could be influencing them? Could it be....oh I don't know.....possibly.......SATAN!!!!(Church Lady Voice) Seriously though, Bob Brinker
should refrain from talking about his political opinion. He still thinks Obama is
doing fine, that Bernanke is great, that the
Fed is just peachy,etc. He's like a Suze Orman without the bleach blond mop top!
ironray123 2 years ago 2
are you really asking "how" it can be cheaper to import nails? If we got rid of unions, it would be much more affordable to manufacture in the U.S. No wonder obama supports unions.
9XLIVE 2 years ago
The Keynesian believers find bubbles great and attractive...
Well, the treasury bubble will bring the best economic boom this country has seen in years and then fizzle out and collapse tremendously 6-9 months from now, a year to a year and a half from now if they are lucky. Spending will pick up very rapidly and inflation will begin on the population level instead of Wall Street over this month due to Nov job numbers and the holiday.
jeffcaldwell2 2 years ago
the only way to save America is to put up a Tariff and protection for parts of US manufacturing. China is advantageous because it imposes 24% tariffs, so of course everything from the world is expensive and hard to import into China. America needs to get rid of NAFTA, and all these fake "free trade" policies. The destruction of the US because of the wrong policies of Globalization.
mrzack888 2 years ago
The gravity of this does not sink in to peoples heads, even the Flags we wave at our July 4th parties are made in China! Look around your house if you can find a single Made in America label it's probaby only assembled here out of imported parts.
RvNYC 2 years ago
What do you think of Zimbabwe's turnaround in its economy by introducing its own money and getting rid of central banks? Doesn't that mean that Mugabe's socialism worked? Doesn't that show that gold is not needed? That it just requires what Lincoln and the Revolutionaries did, creating new money system independent of central banks? Paper money is not the problem, it's (private) central banking. Zimbabwe's recovery could have been predicted. Socialism DOES work.
Youreallsheople 2 years ago
I'm not sure where to even begin with this. Zimbabwe's "turnaround" came about because legal tender laws where abolished. That said, it's still one of the poorest countries in the world.
You need to remember that the failure of paper money during the Revolution is why the Constitution declares that only gold and silver are lawful money.
husgvarnya 2 years ago
Zimbabwe had hyperinflation because Mugabe inflated the currency to pay for government expenses. He could do this by "borrowing" from the central bank, which would simply print the money. Central banks are not private institutions in any meaningful sense of the word.
Many Zimbabweans now use gold as currency.
Your argument fails hard on all angles.
WAMill3R 2 years ago 2
wall street journal is for losers it talks about yesterdays news thats why its bankrupt
i listen to schiff because he has brains and makes me money
wall street journal is for people who like to throw money down the toilet
thanks peter great vid
winner502 2 years ago 2
Of course we can produce. We can do that easily by becoming the world's TAX HAVEN!
pwoznic 2 years ago 2
Schiff wants us to produce.
We are not a third world country - we can't compete with 10$/day salary of the Chinese.
We need educated, well-rounded people who can sell worldwide, engineer products and manage people not produce. That only works for military equipment and govt products who buy nationally.
I want a senator who will prepare us for the current world not the great depression.
Turbo291 2 years ago
Turbo291: ughg, just look at Germany. Germany isn't China either. Yet they are one of the largest manufacturing/ezporting nations.
tooltalk 2 years ago 3
Most german manufactures use Polish labour due to lower cost and then final assembly and specialized work is done in Germany.
Turbo291 2 years ago
what the hell are you talking about
america will be destroyed soon because we cant even make shoes
not since the revolution have we become so incapable of produceing for ourselves
you are an idiot
i d i o t
we dont even make nails here how can it be cheaper to import nails
this will be the greatest depression a blind man in a dark room can seee this black cat
except morons like you turbo
you will be the first to starve and i will be the first to laugh
watching you panic at the bank
winner502 2 years ago 10
The Afghanistan War, Iraq War which no country cares to stop is proof positive that the banks - international money - is protecting the US. If banks switch on us now we will either have a world war or nuclear war and US will be the target.
Turbo291 2 years ago
@winner502 Last I heard Nike is the biggest shoe Retailer in the world. The labor market is way too expensive in the US, it only makes business sense to manufacture them in China/India and Africa and THEN SELL IT BACK TO THE WORLD. it's cheaper to import nails then to make them in the US, come on use ur brain! A Chinaman can make the same amount of nails for 1/10 less money! Why would any business want to produce products with low margins in the US?
jwang604 1 year ago
Haven't you heard? 10% is the new normal according to the current Administration. Go Peter!!
lenny380 2 years ago
Don't be surprised if you here Schiff has been raced to the emergency room suffering from a massive ego ebolism to his right brain.
brotherjupiter 2 years ago
This comment has received too many negative votes show
Schiffty Pete. Another fear mongering RepubliCon politician.
Even a broken clock is right twice a day.
AtlasShruggery 2 years ago
There were others who foresaw the economic disaster were they just "broken clocks" as well? You dismiss sound economic logic at your own risk.
RvNYC 2 years ago 3
This comment has received too many negative votes show
Yep. Lotsa guys, especially Keyensians like Krugman, saw it coming long before Schiffty Pete did.
AtlasShruggery 2 years ago
@AtlasShruggery:
Trolling AGAIN? You have too much spare time.
caltrop69 2 years ago 2
Didn't Krugman think the housing bubble was a good thing?
husgvarnya 2 years ago
Krugman thought the housing bubble was a good thing, until he thought it was a bad thing.
WAMill3R 2 years ago
Nah. Krugman warned about the dangers of the Greenspan bubble back when Schiffty Pete was still crowing about the Bush Boom.
AtlasShruggery 2 years ago
LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL
OMG LOL AtlasShruggery did you really just say what I think you said??
OntologicalQuandary 2 years ago
Quit lying. Schiff never bought into the Bush-Greenspan bubble. It is a well documented fact that Krugman repeatedly called for the Greenspan Fed to create a housing bubble after the bursting of the dot-com bubble. Like most Keynesians, Krugman can't distinguish between an artificial bubble and real economic growth.
husgvarnya 2 years ago
"It is a well documented fact that Krugman repeatedly called for the Greenspan Fed to create a housing bubble"
Really? Did you hear that on Faux News? If it's so well documented, how 'bout providing a source? Have you ever even read Krugman's predictions of the Greenspan bubble?
Krugman as well as other Keynesians like Roubini were warning about a housing bubble in 2002. Schiffty Pete didn't jump on the bandwagon until 2004 Schiff was a pimp for Bush's idiotic invasion of Iraq, too.
AtlasShruggery 2 years ago
Schiff was always a harsh critic of Bush and has been calling this since 2002. Here is a clip from 2002. watch?v=rhJaVEWAG24
billsaintkilda 2 years ago
Okay, I watched the clip. So what?
In 2002, According to Schiffty Pete, the Dow was going to fall to 2,000 within two years. Interest rates & inflation were gonna skyrocket. That never happened. The Dow went from 7,000 to 14,000 over the next five years. Schiffty makes no predictions about a housing bubble nor does he offer the slightest criticism of Bush or Greenspan. Further, Schiffty was a big pimp for Bush's idiotic invasion of Iraq which he claimed would reduce oil prices.
AtlasShruggery 2 years ago
Nice try liar.
mises. org/ daily/ 3539
blog . mises . org/archives/010153.asp
husgvarnya 2 years ago
Is that the best you can do? What exactly is this supposed to prove?
Maybe you should consider actually reading what Krugman wrote instead of swallowing the bullshit from the discredited bozos at the Mises Institute.
AtlasShruggery 2 years ago
Did you not read my previous post? The point is that Krugman doesn't understand basic economics, which is why he supports disastrous policies. I'm sorry if you have difficulty with reading comprehension.
husgvarnya 2 years ago
"Krugman doesn't understand basic economics"
Hmmm. Paul Krugman is a Nobel Prize winning economist with a PhD in Economics. Schiffy Pete is a Republican politician and stockbroker with a BS in Finance. What exactly are your qualifications?
And did you even bother to actually read Krugman's predictions of the housing bubble or do you get all your info from the hacks at Mises and Faux News?
AtlasShruggery 2 years ago
lol @ calling ppl from MIses Institute "hacks."
Krugman didn't just "predict" this coming problem...he actually called for it and said we SHOULD have one. Nice try though.
mises . org/story/3530
(remove spaces in link)
hope this clears things up a little.
:-)
stealthswimmer 2 years ago
Yes, hacks. Typical editing job by a typical von Mises hack. Go back and read the entire Krugman piece if you have the guts. Krugman never advocated any such thing. It was a hypothetical and a not so subtle jab at Greenspan and the monetarist clowns.
The fact remains that Krugman, Roubini and many other Keynesians warned about the housing bubble back when Schiffy Pete was pimping the Iraq war and babbling about skyrocketing interest rates, hyperinflation and the Dow falling to 2,000.
AtlasShruggery 2 years ago
if that's what helps you sleep at night. I don't see how taking a direct quote is an editing job.
There's another article that has an entire paragraph of what Krugman said so that it wasn't taken out of context...and he WAS advocating a housing bubble as the answer to the recession....and as most people who have ever listened to Krugman should know, Krugman always advocates fighting recession and never suggests the government should just sit idly by
stealthswimmer 2 years ago
(continued) and when did Shiff "pimp" the Iraq war? Last interview I saw he said we shouldn't have gone.
stealthswimmer 2 years ago
I'm given to understand that Krugman won his Noble prize for his early work on international trade, not for any insights regarding the business cycle. And what use is being able to predict bubbles when your policy prescriptions, if followed, inevitably lead from one bubble to the next? What sort of advice is Krugman offering to policy makers now? Does it look like he has learned anything from 2001-2002? As for my 'qualifications', I can at least learn from experience.
husgvarnya 2 years ago
My only problem with Schiff is that he does not conform to the Austrian concept of apodictic statements... that is, he tries to make predictions rather than non-falsifiable statements.
But I've read that Krugman loser and he's more full of crap than Bernanke. The only reason he has such a high paying gig is that he injects liberal politics into his nonsense. Any real economist would understand that politics and economics do not mix and are complete paradoxes of each other.
Go away Randite.
DarthKazi 2 years ago
Whether they saw it coming or not, they did nothing and kept the status quo, because that is their system. "The American System" of corporate bailouts and CEO's in private jets and limos begging for tax payer money.
The economic hack Hamilton would be proud of your ignorance.
DarthKazi 2 years ago
Hilarious how you are one of those goofy Ayn Randites, but you are also spouting religious nonsense on your page. Don't you know she claimed "religion is the enemy"? Well, she was full of crap. The State, a real entity that actually affects your life, is the enemy.
Typical confused Randites.
DarthKazi 2 years ago
Reading comprehension just isn't your strong suit, is it? Please consider revisiting my channel and reading more carefully.
As far as I'm concerned, Ayn Rand is an egomanical sociopath who wrote boring fiction. Sadly, Ayn Rand groupies like Alan Greenspan didn't Go Galt before they wrecked the US banking system.
AtlasShruggery 2 years ago
Why not produce the report yourself?
rflosi 2 years ago
Lib Democrats
Right Wing Christian ALL THE SAME once the finger pointing starts and .....
"public" bickering makes a GREAT diversion to whats REALLY going on behind the scenes(transfer of billions).
as fingers fly america is looted by amoral dem and rep christians working like rats behind the fray
the free press that SHOULD be minding the store is paid off and amoral
hence...
america remains divided
division = WEAKNESS
the end of the american empire is on the horizon
MrHarry46 2 years ago 5
Nothing like a WSJ hatchet job...
nonantianarchist 2 years ago 3
Peter, they're not going to give you a favorable report, you've offended them by suggesting that the fed SHOULDN'T be doling out virtually free credit.
nonantianarchist 2 years ago 2
Should have been "we're paying them with".
nonantianarchist 2 years ago
"They're going to have to buy stuff from abroad"
But we can keep trading pictures of dead presidents for manufactured goods forever, right? The Chinese aren't actually going to expect to be able to buy stuff with those green slips of paper we're them.
Oh, crap...
nonantianarchist 2 years ago
Could you include all the things that the Lib Democrats have done to Kill jobs in the US ? The short list is, The EPA,NAFTA,
Tons of Regulations,Stupid laws,Supreme cort, Aboution, and thousands of other things that Lib Democrats have done to the US ?
ZZTWP :
zztwp 2 years ago
and yes.....these comments will be gone tomorrow...
check back and see!
MrHarry46 2 years ago
ever since the amoral bush administration "shanghi'd" the press back at the start of bush's contrived invasion of Iraq, the "Free Press" has become extinct
it has no function anymore except to brainwash
lie
cover up
distort the truth
omit facts
mis-inform
entertain nutcase christian agendas and ...
make ALOT of money from VERY LARGE US corporations in doing so
the USA is functionaly illiterate in the "News" department..has been for 7 years now
MrHarry46 2 years ago
BrutusBlackest:
you ARE correct
YouTube deletes your comments on a regular basis
the Federal Reserve is paying them to do so
ANY information the public needs to see such as "real news" or "cold hard facts" is being deleted on a daily basison UTube and other venues
NO ONE with a net worth over 6 billion can AFFORD the masses knowing ANYTHING except how to scrub hubcaps, make burgers etc...
MrHarry46 2 years ago
Halloween is almost a year away, can we do it for xmas?
ChrisGilliam2 2 years ago
Isn't it that some 90% do-not work in Public sector ?? and they count Govt. as "growth"
hehe.... wow
gofucoffee 2 years ago 2
...ok, I'm almost sure, youtube is editing and/or deleting my comments...I've commented on several schiffreport videoes and they NEVER appear in the comments list...OK youtube, I'll dumb it down, gee whiz
BrutusBlackest 2 years ago 3
BrutusB , welcome to "Change" oh & neutering ur Voice.
gofucoffee 2 years ago
You sir are my hero! ive been trying to explain what you said about the jobs to everyone and no one seems to listen or understand what im saying. we need production, but as long as company's can make things cheaper elsewhere. they arent going to keep the jobs here. there needs to be some sort of regulation on outsourcing. i cannot agree with you anymore! how many people are going to sell t shirts and change tires ect. thanks for posting.
hotrodZack1948 2 years ago 3
EDIT: agree more* sorry about that
hotrodZack1948 2 years ago
Some ppl below are saying that if gold drops in price China would just come in & buy to keep the price up.
They certainly could do that.
But the other side of the coin is that they can produce gold for about $300 per oz & they are capable of doubling their production.
So it'd be like a corn farmer going to market & buying corn for 3 times what he's growing it for.
DillonX 2 years ago
$5000 ounce gold coming up, countries are going bankrupt and these morons are trying to tell us everythings ok.
geocom75 2 years ago 2
thanks for these videos they are great
relapsemedia 2 years ago 3
The media is captured by the elite who steer the world and global corporations. Obviously, the Wall Street Journal wants "Senator" Dodd to get re-elected.
TonyUnplugged 2 years ago
This has been flagged as spam show
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daltongang79 2 years ago
Peter forgot to mention that, if gold does fall, China's just going to step in and buy it anyway to diversify their reserves. The Fed is not the only source of price inflation anymore, foreign holdings are a potential threat too.
n0us3rn4m3s4v41l4bl3 2 years ago 4
My question for Peter is how can you recreate a domestic manufacturing sector without protectionism?
The probem has always been wages. Internally Americans compete with a foreign Cheap labor pool.
Externally, it's worse, we face defacto slave leve labor pools.
It seems we have an intractable problem to face down for at least a few decades.
RvNYC 2 years ago
You need more capital behind the labor so they can produce more than the slaves (1000 slaves building a road with a shovel v. 100 americans building it with bulldozers).
We need to build better factories to outcompete the slave labor. Of course, now things are so bad that China has slaves and better factories, so as you say, it will take a long time to rebuild.
n0us3rn4m3s4v41l4bl3 2 years ago
A long time is right. As Peter says, We are broke. We owe more than we are worth. And the present administration is set on a course which will break the Dollar (with the popular consent behind it)
In such a world, how do you raise the Capital to compete in supersaturated markets, where no prospects for new customers exists now.
RvNYC 2 years ago
[if I understand the Austrian's international division of labor theory correctly] Let's say 1m people buy cars. They can buy foreign cars for $5k or can be forced to buy U.S. cars at $15k. Forcing them to buy U.S. cars is good for the car maker, but it costs the U.S. $10b in capital compared to the free market. So I think their answer is buy the cheap cars and use the xtra capital to build something else in another field. Plus hasn't worked for GM hahah.
n0us3rn4m3s4v41l4bl3 2 years ago
So far it seems the American consumer has chosen to direct the extra capital at yet more cheap imported goods. Any US reinvestment of said gains seems to have gone into building the now empty mega malls where US consumers canbuy yet even more Chinese trinkets, Zhu Zhu anyone.
RvNYC 2 years ago
So the point (I think) is that when you don't protect the industries, maybe you don't directly compete in your neighbors field, but you allow faster capital accumulation so that you can expand your own economy into other fields. I think that's why they call it the "international division of labor" because you let the country who is good at something do it for you and you trade what you are good at and everyone benfits.
n0us3rn4m3s4v41l4bl3 2 years ago
If their theory was wrong, then how would any nation other than the U.S. (or Britain)ever industrialize? Even with their slave labor, they couldn't have competed with our factories and they would never have gotten anywhere. It would be "whoever industrializes first wins." But we actually see that the Asians are overtaking us, even though they got into the game late. (ok, promise I'm done after 3 posts)
n0us3rn4m3s4v41l4bl3 2 years ago
Overtaking us is an understatement. Seems China has remained true to the Communist dictum of hanging the Capitalist with the rope they themselves made, and to that end we've even hocked our children's future. Sadly.
RvNYC 2 years ago
"How can you recreate a domestic manufacturing sector without protectionism?"
Well, for one, they could repeal regulations that make it more expensive to do business in the US than in China or other foreign countries. The truth, though, is that it will be a painful process. The productive sector in this country has atrophied severely, in part because we've been able to get free shit from abroad due to the dollar's reserve status.
nonantianarchist 2 years ago 4
I wish I lived in Connecticut so I could vote for you :)
I'm in the same boat as luckyvet, I was waiting for a bit of a correction before really getting into gold and silver. At over $1200/oz every buck this correction shaves off means more gold for me =P
Best of luck in your senate race!
entyrion 2 years ago
He doesn't read books, its a sham. Who has a TV in their library and reads?
oneelectriceye 2 years ago
Arpification is either some GOV paid schill
or some right(nut)wing (rush limbaugh loving)loser hell bent on destroying America
MrHarry46 2 years ago
Who the hell is reading the WSJ anyway. LOL
dchrbac51 2 years ago
good video
zoom1234567 2 years ago
Hi Peter,
Correction: It's December, not Nov. (: cheers
golobolbol 2 years ago
Supply creates demand, amen
theredpillxxx 2 years ago
I just completely zoned out watching this.
Gageisrasta 2 years ago
MrHarry46 is either some extremist or a Chinese propagandist.
Arpification 2 years ago
Actually quite pleased gold dropped some more. Some more money came in & I'm getting several ounces on Monday.
luckyvet 2 years ago
britishjohn04:
YOU MUST RUN FOR US SENATE IMMEDIATLY
OR Is it Congress?
president??
doesnt matter ......
WHO HAS THE MOST MONEY
MrHarry46 2 years ago
Sadly my friend, I am just a permanent resident and not an American citizen and would not be allowed to run for office :)
britishjohn04 2 years ago
britishjohn04:
you paint an ever bleak picture
too bad its all true
Intestinal fortitude is an old saying ......guts another
USA will need much of both in the coming years(oh plus brains of course)((thats what worries me))
MrHarry46 2 years ago
Hi there MrHarry46. I agree but I fear there is no leadership to be found in the two-headed, one party system. I wish the USA would return to paper ballots and ditch those electronic fraud machines because I am sure that Ron Paul is cheated out of the Republican nomination when he runs. I think Ron Paul would start to put things right. I think he would end the fed, peg the money to gold and silver and gut government spending.
britishjohn04 2 years ago
Thespartan18
you have been ordained
you shall now be forever stupid.....
just like rush limbaugh your leader
MrHarry46 2 years ago
USA has no friends
after decades of killing millions/fucking EVERYONE it can over .....
not many like the USA
USA CAN NOT I REPEAT CAN NOT KILL EVERYONE ON PLANET EARTH
it wont ..
even the most silly rush limbaugh loving christians arent THAT STUPID
just keep your nukes in your silos..China will WAX your fucking ass if you keep playing games
george bush CLEARLY understood this when he went to CHINA and sucked the Premiers COCK for permission to invade Iraq
Good Night and Good Luck
MrHarry46 2 years ago
wtf are you talking about. You love china so much go live in that polluted totalitarian hell hole. Unfortunately your not allowed to say the leader sucked another leaders cock in that country. Well you can but they come to your house put a bullet int your head, harvest your organs and then charge your family for the whole process...Im not even being dramatic on that part that is really what happens to critics of the state of there.
Thespartan18 2 years ago
Your response just seems so irrational and filled with anger, rather than reason and logic. No one is saying they admire China as country, in the sense of it's lack of liberty and freedom, just acknowledging it's economic position. Also consider the dwindling freedom here in America; free speech zones, patriot act, torture, martial law when ever the president wants it, detention without trial, etc. The political and economic liberties of Americans are always under attack, same in Europe too.
britishjohn04 2 years ago
So the stimulus created jobs? I cant believe you just said that Schiff.
YOU WERE WRONG dude....If someone is negative all the time of course they can hope to be right once in awhile.
You were wrong and youre being laughed at by your peers. Your last efforts on Fast Money shouldve shown you that.
You're a joke. Go spend the money you've made in the Bahamas, buying cheap liquor and women, and do us all a favor and STFU before you lose us money.
EmpathyWorks 2 years ago
oh you silly americans
China rules the world not YOU
you WILL get used to it
not like you have a choice
there is a NEW kid on the block (he's only 6-8000 years old)
its NOT USA
USA didnt notice
USA was too focused on its own ego
who is that kid??
CHINA
MrHarry46 2 years ago
This comment has received too many negative votes show
whens the big gold rush comin peter? you've been talking about it for the last year and we've seen zero return. Had you said something in September 2008 I would say you knew what you were talking about but now your just blowing smoke up our ass...where does that expression even come from? oh well thats what your doing.
Thespartan18 2 years ago
Actually the time frame is much longer than just the last year. The time frame you should look at is over the past decade.
WingsofDedalus 2 years ago 2
Hasnt gone up that much over the last decade. It really has not seen a significant bounce since the early 80's and its been downhill from there until the recent recession and now the price of gold is going down again since the economy is recovering. I mean yeah there may be some inflation in the future but not the extent where gold will skyrocket.
Thespartan18 2 years ago
Oh you mean the jobless recovery? How can you have a real recovery with over 10% unemployment, (higher if you use the correct figures), when the economy is based on 70% consumption? Just wait until the inflation kicks in and then they (govt.), kills manufacturing with cap and trade, more jobs will go and the US will be utterly destitute. Then factor in retiring baby boomers with lost savings and broken social security. Plus the debt from bailouts, wars and healthcare.
britishjohn04 2 years ago 2
@Thespartan18--
Well, your first post was hidden, I hate it when youtube does that cause of thumbs down, but I assume you're talking about gold?
Gold is up 450% in the last decade, so I'm not so sure what you're talking about.
viehe69 2 years ago
Keep up the Good Work Peter! I'm glad someone has the balls to tell the American People the truth. Thanks for having the courage to go against the grain, I support you! :o)
mtwood992211 2 years ago
We only lost 11,000 jobs because of Christmas.
Just wait till next month.
mlkkkkkkk 2 years ago 2
Dollar is still good, gold is bad, stay ignorant, stay asleep, stay dumb, watch TV, enjoy life, continue shopping.
Hope people understand my point.
mds1993 2 years ago
Hi Schiff...So I saw your videos under one of my video's "related videos" and I checked out your channel and your videos are actually good! Keep up the good work. Please feel free to click on my channel and subscribe!
CressFerriera 2 years ago
dot kom
Megamediaplex 2 years ago
The dollar isn't going to "bounce" back b/c that's eventuality isn't apart of the design. Guys, this ENTIRE situation is artificial. That is, it is MAN-ufactured.The Gov't owned corportaion (which by definition sort of makes it , I don't know, facist) known s the FED, MAN-ipulates interest rates for just such a purpose. Power is the only thing that matter to them. But we are too occluded to see.
BrutusBlackest 2 years ago
Dollar, I bid thee farewell...Forsooth, what's this balderdash?! The Amero?! Nay, but you are mistaken, good sir, surely. (Tsk*Tsk* Don't you guys recognize a hostile takeover when you see one?)
BrutusBlackest 2 years ago 2
Yea your so RIGHT!!!! about the money spend on bailouts and job market is sad (depressed) for the people.
I wonder how long the money would have lasted that we used to bailout Cos. if we had used the money to re-hire or not allow Cos. to lay off people by paying their salaries from the stimulus, strictly speaking. I wonder.......
Mustafoinc 2 years ago
Ron Paul's son, Rand Paul, is leading in the polls but he needs our help!
December 16th Moneybomb!
RandsTeaParty (.) Com
audioX1 2 years ago 3
This comment has received too many negative votes show
if america fails its because of americans
too stupid, lazy and fat to do anything about their very own predicament
except fart puke and be stinky
remember...fatasses get waxed first
then its the amoral christians(american christians have fucked MILLIONS of people around the world over, over the last 60 years.....now its YOUR TIME TO GET FUCKED
PAYBACK SUCKS
no nation on planet earth lives in a bubble
every human is connected and accountable
So Says God
MrHarry46 2 years ago
wsj= goldman thugs
fazholio 2 years ago
did he say friday november 4 2009?
MrHarry46 2 years ago
MrHarry46 2 years ago
MrHarry46 2 years ago
JOHN PAULSON IS SHORTING GOLD
anishsuthar 2 years ago
even peter is selling gold ITALY IS SELLING GOLD GERMANY IS SELLING GOLD BUYING DOLLAR BUY DOLLAR CHINA IS BUBBLE CHINA IS NEXT DUBAI
anishsuthar 2 years ago
john paulson is selling gold
anishsuthar 2 years ago
GOLD IS BUBBLE , THERE WAS BUBBLE IN OIL LAST YEAR peter is selling gold and buying banks buy banks