10/14/2008 Peter Schiff On Glenn Beck:Depression In Disguise

[mdcombs79]

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[nabiji]

Schiff is right, there needs to be debt re-leveraging domestically before confidence in the debt markets can improve, what really needs to be done is government intervention to insure adequate solvency standards which the Basel Committee has for years recommended but U.S. only half ass adopted.

[nabiji]

He's right on the first issue of share prices.

[450984]

G.B. reads what he is told.  This is a Fox ass. Schiff is a brilliant economist, whose books have helped me out tremendously. I am just surprised that Peter Schiff would appear on a low life dumbed down show such as Beck's!!!

[coltonmaas]

Disagree!!! GB has been right time and time again....like Peter Shift. He's the only one that has the guts to speak the truth...that is why CNN canned him. They can't handle the truth.

[jeremyraybrown]

I must admit, Glenn Beck is making a point and for as depressing as the news is, he makes me laugh. But hey, it is important to know the facts, even if they are depressing.

[ohmybentley]

Gibbs just stated on fox news that the anger they saw last night with the brown win was the same as last year. WRONG, ITs CALLED A TIDAL WAVE OF ANGER THAT WILL SWEEP THE DEMS OUT OF OFFICE, and in 2012 the president will be sending out resumes. ECONOMY, and JOBS first. FORGET health care reform right NOW.

[ZionistWorldOrder]

The sole purpose of Fox employing Beck is to influence the coming revolution.

[ch1aka2]

Please punch in his ugly chubby annoying face.

[SMoldie]

Wow, an American commentator whom understands irony!!:O

[b3wizz]

your use of "whom" is incorrect. and people call americans dumb...

[Renegen1]

Beck is a fascist sheep, he works for Fox, he says 90% good 10% bad, and the bad will kill you. Listen to real analysts.

[jrs89]

I think your analysis only covered 10% of Glenn Beck. 90% of that 10% (9% of the whole Beck) you mentioned was good, 10% of the 10% (1% of the whole) bad. 90% of Beck in entirety makes no sense whatsoever. He's just a shock jockey. O'Reilly flipping out doesn't have the same charm it once did. Hannity only shouts over people and makes everyone uncomfortable. Beck can make an ass of himself without actually talking to someone. It's more economical to not pay for panelists and guests.

[brandonkirk]

Holy shit you are quick.

[brandonkirk]

He was joking. This is why these people are professionals and why you are here making stupid comments on youtube.

[smmclaug]

Because you're so classy.

[Rich11110]

Beck mentions that no bank CEO would work for 250k per year. Japan Airlines CEO has cut his salary to 80k per year during this downturn. I guess it really depends on what kind of people run these banks.

[chrisdorman]

i WOULDNT WIPE MY ARSE WITH A DOLLAR, ITS WORTHLESS PIECE OF PAPER, THE ZIMBABWE MUGABSTER WILL BE WORTH MORE THAN IT IN 2 YEARS. THOSE WHO AGREE TYPE ABOVE GEORGE BUSH BAGHDAD SLIPPER DODGER LOL

[b1muas22]

"Little kids with chemistry set" Peter breaks me up. I don't know why I'm laughing though, our future doesn't look very bright.

[jburt56]

Schiff, you can't have savings if you pay people so little that they are spending all on necessities. Have you actually been to main street? Take a visit and bring Evelyn de Rothschild with you.

Look, the elite policies are mass starvation, population reduction, slave labor, relentless penury, technological stagnation, maintaining a retarded energy policy, overweaning militarism, dumbing down education, adulterating food, filthy environmental policies. . .

[b1muas22]

lol, what?

[Utreadnotonme]

They had to get Beck 'off-line' for the next couple of months... It's all coming fast kids. Hang on tight.

[jdjbarnat]

@Utreadnotonme what's coming fast? 

[Ntone606]

LOL at Schiff's last comments "The Fed are like kids playing with a chemistry set, but they're not going to make a miracle, they're just gonna blow us all up".

[LakersFan247]

It's amazing. This man was cancelled shortly after these comments...

[MrSmithKnows]

What this guy from the Fed wants to say is that the dollar won't go the way of Weimar hyperinflated is because of the US Military and the dollar reserves in foreigh banks. It is the understanding with the other banks is the only thing keeping dollars from being dumped on the market.

[kermitcintronsucks]

Will World War 3 get America out of this depression?

[MrSmithKnows]

The governemnt is not collassaly bad a business. They know exactly what they are doing.

Its called control through crisis.

Too bad the government parasites are going to get thrown out on their fucking bum asses. They cannot control Americans.

Red white and blue, throw fucking dollars off the boat and let them rot like the patriots did in the boston tea party.

We are now a colony of Britain again.

[imaginator]

I really like Glenn Beck, he is really intelligent to be supporting Peter Schiff

[EdMan2012]

If Glenn Beck could also see that the "war on terror" is a sham, then he would be much more intelligent.

[scottvanska]

I like Peter Schiff, but Glenn Beck is the opposite of 'really intelligent'. Beck has a 60 word vocabulary.

[trufreedom87]

When Ron Paul was saying all this was going to happen he was nuts,but he was the only one trying to warn us every other candidate on the republican side was saying how great the economy was!Peter Schiff was his economic advisor!Way to go America get ready for the Amero and the North American Union!But I guess he is wrong on that too!

[pinkclimax]

Peter Schiff was his adviser, Paul def got his talking points from him on this and boy what a smart guy Paul is for having those type of advisers who are honest with us about whats going on.

[leevi1234]

This is planned. Watch Zeitgeist Addendum. Google video for free.

[cybersphere]

The Cries are already going out for a new Central World Bank and a single World Currency.

This represents the most critical infrastructure of the New World Order.

[danbowski40]

Will the AMERO be that one world currency? I know the prototype is already for sale on Ebay.

[jeffcaldwell2]

yea... i just looked that shit up on ebay... we're FUCKED... this shit is really happening... i cant believe it

[itillbeme]

Why does GB always talk more than his guests. It's a 9minute clip, and GB talks for 5+minutes of that time. We know its your show Glen, we get it, but c'mon let your quests finish their thoughts. Oh yeah,and ditch the soap acting.

[rlmccullough]

Well, they are doing it. When you have a president that can write an Presidential Directive in seconds, just hold on and enjoy the ride. Ron Paul is the man we need!

[RaptureThis]

You partisan tools will be fighting over whether it was the Dems or the Rupugs that caused this disaster until y'all are picking corn outta yer shit! Happy Hunting, Tools.

Got ammo?

[alansready]

Obama is a disaster. we needed ron paul .

but we can not have Obama . obama will definitly send us into another great depression

He Muist be stopped.

I hate obama

[CombineEmpire]

McCain will send us just as well as Obama would. Even more troubling, he plans to stay in Iraq and spend 10 Billion a month, when we CAN'T afford it!!!! Both of these men were terrible choices in this terrible time. I only hope Ron Paul survives the fall of the Modern World as we know it.

[alansready]

i dont think you understand the seriousness of how bad obama is . he is like hitler because he is such a con man. he would destroy this nation and mccain will not i dont like mccain much but obama is much worse

obama would be our worst president of all time and we could never talk about race. there are way too many left wing fascist in this country and obama is a race baiter

[CombineEmpire]

I agree with you that they are both terrible choices. The notion that one of them is significantly worse than the other is ridiculous. No matter which one you choose, the Dollar will die, and so will this nation. It's just a matter of how you want it to die ;p

[alansready]

no i disagree with you 100 percent these two candidates are not even close Obama is much worse than McCain.

FIRST WE CANT HAVE OBAMA WITH A DEMOCRATIC HOUSE AND SENATE . THAT WOULD DESTROY THIS NATION FOR YEARS AND SECOND RELATIVE TO THE LAST 50 YEARS, TELL ME THE BETTER PRESIDENTS THAN McCAIN.

McCAIN WOULD BE AT LEAST AVERAGE RELATIVE TO THOSE PRESIDENTS. TELL ME which PRESIDENTS SINCE KENNEDY ARE CLEARLY BETTER THAN McCAIN.

DO NOT COMPARE McCAIN TO RON PAUL

RON PAUL IS THE BEST

[CombineEmpire]

What are you talking about? Do you know what McCain's tax policies will do? If he gets elected, and does everything he's promised, he'll raise the national debt to 19.2 trillion dollars. Obama is bad as well since he would raise it to 16.5 trillion. Personally, I think you're crazy, because I NEVER EVEN COMPARED THE PIECE OF SHITS MCCAIN OR OBAMA TO THE GREAT RON PAUL. Please tell me when I said McCain was better than Ron.

[alansready]

you need to reread my post. i said no one can be as good as ron paul. ron paul is the best. what I asked you to do is to tell me who Mccain would be worse than or better than as presidents COMPARED TO THOSE since kennedy.

start being realistic and quit trashing me.I am not your enemy. why did you attack me?

tell me of the last 10 presidents who was clearly better than what you think McCain might be.

Mccain is not that bad. he would have A DEOMOCRATIC HOUSE AND SENATE

[leknightcluber]

i read somewhere on the net 10 trillion is only the amount of interest.According to the article i read the debt climbs to 90 trillion plus 10 trillion on interest.May be that article is wrong i do not know.

[CombineEmpire]

That article is prob right, as I have heard the debt being around there.

[scienterprize]

Not surprised at all, nation detbt is $10trillion and future obligations sum to at least 60trillion to what I have learnt from Ron Paul

[onemansun]

Prices in my grocery store today had price increases across the board...I pay attention to my purchases and I had to laugh...I also had to shop...

Inflation is here...

[hokieneer17]

Guest: "I don't think we are heading towards hyperinflation"

Beck: "Why? Why?, Why?!?, "

Guest: "hmmm, because, hmm, because we understand economics more than the other people"

Wow, that really makes me feel safe, what an idiot.

It's over man. Get some gold & silver. More importantly: food, water, toiletry items, firearms, etc. People in charge are smart enough to figure this out, they know what they are doing!!

[knottednoodles]

agreed agreed agreed

and.. that wasn't just a guest that's the former prez of the st. louis fed! no reply of any substance at all to the rational argument.

food and dry goods.

[fox20012]

They're like little kids playing chemistry, they throw chemicals in hoping to find a miracle but will probably blow us all up!!!

ROFL!!

[GivettheGAS]

Oh Glenn, you're on the right path, but you better be careful in what you say. We don't want Anthrax sent to one of the only people asking real questions. Even though I think some of your ideas are wack!! Ya, I said it.

[alansready]

the free market is not at fault it is 100 percent the fault of bad govt policy and having a federal reserve that prints money out of thin air.

clinton and carter community reivestmant act.

fannie mae the fault of FDR

the incoem tax and the

[GivettheGAS]

Do you always state random facts to comments that are totally unrelated to that comment? You're totally right, however never in that whole comment did I blame the Free Market system.

[dcs5150]

Is there any Keynesian out there who can spar with the champ? DESTROY THEM ALL, Peter.

[badonkadonk34]

Ha!!! Nice dcs - very true.

[accersitusmaximus]

Do you think the world leaders are stupid? The economic crisis is engineered, just like the fraudily 9/11 attacks was orchestrated to support the same agenda. Soon you will have a state of Martial Law in the U.S. enforced by the use of "fear". Who do you think those FEMA camps are for? Why do you accept new legislations that trashes the Bill of Rights and takes away your liberties?

Time is up!

The fourth Reich is rising!

watch?v=YeYn82j8Ycw

___________________

[bianzhengnazi]

You know, I'd actually feel more assured if people from the government talked about hyperinflation more as being a danger. If you're convinced something could just never happen to you, that's often pretty much the prerequisite for it doing so.

[waluum]

Anyone still thing it was a bad idea to vote for Ron Paul in the primaries?

If he was the pick over McCain he would steer us in a direction that would turn the upcoming depression into a serious, but short, recession. Instead, you want to vote for McCain or Obama who are for printing money out of thin air as a band-aid to an serious wound, which will only increase inflation, unemployment, and the onset of the all but inevitable depression? Is America eating paint chips???

[jesuslover037]

Haha, they're smarter than Weimar? Sure, we're soooo responsible.

[Desnoxvu]

There is a local bank here that ran a radio ad that said they will have nothing to do with the bailout. I will be setting up an account with them tommorrow.

[AzowRagbak]

well I'm not sure if any bank is safe if the derivatives market collapses. The derivatives market is a bubble that grew so fast, and can drag the complete world into it.

[rh7onda7]

buy some silver coins people - just in case it gets all Weimer Republic on our ass.

[rj5150]

if only i could find some...

[gwydion75]

I'm fairly certain using the Glenn Beck show to advertise your real estate business is completely illegal.

[paulDIAT]

I wonder what made Beck switch sides. He was a complete asshole, liar, manipulator when I met him a year ago. Curious....

[JackNeedles]

The former fed chairman is an idiot. Seriously. How can he say that it couldn't turn into a hyperinflationary event? Is he God? You just can't cure a recession. Sometimes they ARE needed. But because the Fed and Gov. keeps trying to delay the inevitable, we will end up finding ourselves in a hyperinflationary depression. The bigger they are, the harder they fall.....remember that, Bernanke.

[philippe1985]

lol so he is pretty much saying. We can do stupid things because we are smarter.

The answer is : only the stupid think they are smart.

[americahashope]

Peter Schiff!!!!!!! You speak the truth and more people are listening, just not enough people.

[JodisGod]

Its as simple as this. We have learned through out history. That 1. Every great empire falls. (you know its true) 2. history always repeats itself. 3. We here in America are stupid. (i was born here) the government is ruining us. There needs to be a change. (and im not talking about just presidents) we the people need to bring back.(free country) we need to stand against these people who are making the rich richer and the poor poorer. The time is now. Before America does fall.lets stay America.

[muffman11111]

heres an idea the 700,85,25,200, billion $ bailouts we have had how about you just give every american citizen a billion dollars problem solved. there only what 300 million people in the united states. were giving it to the wrong people

[paulDIAT]

That's the stupidest idea. Have you ever heard of inflation? What your proposing is called hyperinflation. The prices of houses and food are according to how much people earn - not the other way around. Economics - you need to study it before proposing such insanity.

[MrFisback]

well recently it's certainly been more a function of the availability of credit. When all the credit multiplies through the banks, I think hyperinflation or at least the 1970s on steroids is on the table

[paulDIAT]

Have you read what this man proposed? (that's who I was replying to).

muffman1111:heres an idea the 700,85,25,200, billion $ bailouts we have had how about you just give every american citizen a billion dollars problem solved. there only what 300 million people in the united states. were giving it to the wrong people

[rpm297]

I heard somewhere capitalism will always be around as long as socialism bails it out whenever it falls on its face.

Get ready to pay $15 for a loaf of bread.

[jeffsst]

maybe even more! there is a chance on bread shortages even. sick, i hope you guys come out ok...

[davincij15]

The Poole, X - Fed has a data point proving that Hyperinflation is not in the cards, it's the fact that we have smart people. LOL

I am dying of laughter here.

If you like that data point check this out...

The head of the Federal Reserve has a nick name called Helicopter Ben as he has promised to drop money out of a helicopter if he had to.

How do you like them apples?

[xaviqaz]

Here in Europe everybody is drooling over Obama. Politicians, celebrities, media, both conservative and socialist. Is almost pornographic. If the situation keep stable in next months i´m 100% sure they will say that things are going much better with Obama and will talk much less about the crisis... But the biggest storm is still to happen.

[CUnknown]

Poole's "The government knows what it's doing" argument is pretty damn weak, especially in the face of this crisis. In a boom cycle, people might buy into it, but now... it's laughable.

Maybe that is one good thing about the crisis. It's took bad it takes a crisis to wake people up, but sometimes it does.

[WHEREtheFUNK]

I buy into everything Shciff says on this matter.

[tpfourbunghole]

i want a zimbabwe note.

[indyattic]

I love Peter Schiff!

[andreamirelez]

The guy from the Cato institute did admit that Peter had a valid concern and that inflation could be a problem but I agree with Peter he trusts the government too much.

[WorshipVideo]

I'm sure McCain or Obama will solve these problems.

JK

[damagejackal10]

5:52 Notice how he can't answer the fuckin' question of why there wont be hyperinflation ...Instead he gives a non-answer

[Budvb]

Where does Money get its Value, is the Question that needs to be asked? Does Money get its Value from your Mind, Or is it from sum Numbers on a piece of Paper! Money is so fake and made from the Mind that We can't even see that We all already Work for Nothing since it Takes Nothing to make Money! So Why do We all Kill and Steal from each other when This Money is Really a Mind Money and that is all it is? So why don't we get rid of it and start working for Humanity and the Earth!

[Budvb]

Money has never had any Value through out all of History, because it is the Mind that makes Money have Value.. Just like House Prices and Everything else on this Planet. How Much is the Earth worth to Everyone? Since everything has Value and How Much can it be bought for? If you ask me Earth should Come first because without Earth there is NO Money, No Life, and No World! How long are we going to Keep destroying Earth for Money that comes from the Mind! God Bless

[AryaStarkFan]

@ Budvb. You are about 2% correct. You agree bread have real value, and that shoes do? If the bread baker wants new shoes, but the shoe maker wants new candles, they have to get involved in barter. The bread baker has to find a candle maker that wants bread, then take the candles to the shoe maker.

Money was invented by people (it is a thing of the mind) to make trade easier. Time and again the thing people settled on to act as money has been silver or gold.

[AryaStarkFan]

Every time a government has gotten involved in creating money the money was inflated. Even silver and gold coins. To permit the inflation the government passes 'legal tender' laws. So you must accept their money.

Paper money has been tried hundreds of times through out history and it *always* hyperinflates because, unlike gold or silver, it takes almost no effort to make more paper money.

Our currency, the Federal Reserve Note, is about to hyper-inflate just like Lincoln's Green Back.

[Budvb]

No, it all comes from your Mind, not mine! So is your Bread worth more then the Earth? I guess it all matters on what you mean by Value! I see no Value except from Your Mind! This is a Mind game it all is and We all been taught by Who? This is all Created by Unhappy people living in an Unhappy World! Our Minds are what Makes what is Real and What is not! If I make my Bread and give it to you free, because I like having friends in the World to Better our Lives what then has Value Us or the Bread?

[danbuck333]

Money isnt a mind game, religion is a mind game

[Budvb]

haha it all is Danbuck333

[indyattic]

Must be nice to live in Utopia. If you make bread and give it to me free, because you like having friends, then the value of your friends is equal to that of the bread.

Better your own life and stay the hell out of ours.

[nowayasway89]

good point dude.

[wisted]

Good video, thanks for uploading..

[peteback]

"I believe this country is far more responsible... uh.."

HAHAHAHAHAHAHAHAHAHAHA. William Poole your head out of your ass.

[yorkpa29]

ron paul been saying this is going 2 happen months ago,plz ron paul is out but we still got chuck boldwin,nader ect 3rd party people

[vdubs4life1964]

I would take my own life if I knew that doing so would make Ron Paul president. In a heartbeat.

[wakedawg30]

Poole is a tool. he was complicit in creating this mess

[JesseKantstopolis]

Peter Schiff nails it.

[malakai0]

That was great. As usual these guys "don't disagree" but still insist he's wrong!

Whose viewpoint do you think seemed better thought out hmm?

[blueshoals]

Writing in Ron Paul.

Get the money back into the hands of the free market, deflate the money, and back out of these expensive wars. (yes, wars: plural)

[drunkenjerk]

Peter Schiff has a cult following, now I know why. Has anyone seen his videos that are 6 years old? They are so right on. Peters predictions are the only one's I take seriously.

Chuck Baldwin 08, use your ballot as a bullet.

[krug24]

Government economists are useless. Whats with this is inflation is only a risk in the long run bullshit? We are now living the long run consequences of all the fun and games they had manipulating the interest rate/money stock previously in the short run. Central banks are just political tools invented to fund wars and keep elites happy.

[gsadler82]

we need the fed to be the 4th branch of govt where the chairman is elected by the people and can be impeached...we need pros controlling the money supply not pals from college

[bitterpill23]

NO !!!

You could not be more completely wrong!

It doesn't bloody matter who controls the bloody money supply--if private interests (the Fed) control it it benefits guess who ? private interests.

If government controls it it benefits, guess who ? government. There is no one person or group of people capable of managing an economy. Period.

[Okastega]

Elected the same way as Bush?

[Zeldovich]

If you want more inflation, voting for the Fed chairman is a good way to get it. By the way, the Fed chairman only has one vote on the board of governors.

[healthhavencom]

Peter is a hoot. He's also precisely correct.

[dcs5150]

I live in Phoenix in the hot desert where there is not going to be a lot of food or water so I have decided to start eating other people if I have to. Anybody know if human flesh taste any good?

[bitterpill23]

Everything tastes good fried.

[edro9494]

Schiff makes too much sense to be on mainstream media. What's up with Beck's Kosher accent - it's horrible, lol.

I'm still waiting for Beck to come out and talk about the Fed being privately owned...

[odin422]

its been done

[MrSweaty69]

I DISAGREE with nearly every opinion Glen Beck has held over his career. But on pursuing this issue, I think he is the only one I can applaud right now.

[dcs5150]

I can't wait to hear Peter's radio show tomorrow. It should be good. It is insane to see how fast this is unraveling. I belong to the International Brotherhood of Electrical Workers (IBEW) and telling those guys not to vote Democrat is like beating my head against the wall. Of course I'm "pro-labor" but at least I see the big picture. I just wish I could get them to see it as well. Nothing will change until we can't put food on the table for our starving children with our inflated dollars.

[psxwarrior]

YAY!!! WELCOME TO COMMUNISM!!!

[thinkrevolution]

Chuck Baldwin 2008!

[JackNeedles]

I'm voting for Chuck Baldwin too.

[Nickelodeon2002]

Did Poole just ignore the elephant in the room? lol....I'd say so...

[tromboneblowmaster]

Schiff is whooping that ass! This fed chair can go back to his NWO masters with his tail between his legs.

[markymarkuss777]

Did You know, that in the complete history of the DOW eight out of ten top peaks occured during the early years of the Great Depression? #3 was the day after the great crash of 1929. Best Days of the Dow (% Gain) 1 15.3% March 15, 1933 2 14.9% October 6, 1931 3 12.3% October 30, 1929 4 11.1% October 13, 2008 5 10.1% October 21, 1987 6 9.5% August 3, 1932 7 9.5% February 11, 1932 8 9.4% November 14, 1929 9 9.4% December 18, 1931 10 9.2% February 13, 1932

[anarchylogic]

Dont't forget that the Gvt. failed at running a whore house!!! True story look it up! How do you f*** up a whore house???!!!

[Tasadaru]

Where can I find that? Google?

[X340N3]

Other dude couldn't come up with anything good to say when Peter called him out on his pompous statement about our central bankers being smarter and our money being better than anyone else's.

[Zwikster]

you can tell Glen Beck agrees with Peter Schiff just by looking at his face everytime that other guy spews his B.S.

[TrueConservative123]

Yeah but a lot of people still just don't get it.

Baldwin08(dot)com or ConstitutionParty(dot)com

[UDoHaveMyName]

I'm horrified because my parents have a LOT of cash (and I mean a lot) and they are stubborn and will keep their money in dollars no matter what.

[TrueConservative123]

Yeah they are not in a good position but they still have time (very little time) to buy hard assests with those dollars. Heck, half of my money is invested into Silver, 1/4 in high dividend paying stocks (companies with strong fundamentals), and 1/4 of my money in dollars but I may exchange those for something else soon.

[UDoHaveMyName]

Thanks for the reply.

Before you COMPLETELY get out of the dollar, I suggest you look at Goldspring Inc.

I've visited the company twice and they begin mining this april.

They have about 100more test drills before they begin mining.

In about 60 test drills they've found:

510,000 Ounces Of Gold

2,000,000 Ounces of Silver

The company gets bashed by a lot of idiots because it's a penny stock, and they lack confidence in themselves to research.

Do your research and you will see.

Take care

[Tasadaru]

Is that company having its operations done in the U.S? Or is the drilling happening outside the U.S.?

[cultrox]

haha Peter Schiff ripped that other guy a new asshole.

[cultrox]

haha  Peter Schiff ripped that other guy a new asshole

[Ch28Kid]

Peter is right.

We are increasing the money supply with out a significant increase in production. That means inflation.

I don't understand what the Federal Reserve is doing kill the US dollar.

[markymarkuss777]

Peter Schiff has been predicting this since at least 1999. This guy has immaculate discernment!