I don't think that everything Ben Bernanke states is directed to people like Peter Schiff. Peter is almost tryingn to carry on a dialogue with Bernanke, but Bernanke is on another planet. Bernanke tends
to "dumb it down" and certainly doesn't address the specific problem or explain all the issues in economic terms, more of a politician who has taken on the roll of instilling hope to the masses.
Not enough jobs were lost in the great recession. For example, Ben Bernanke did not lose his, but is still there printing money. He is part of this PHONeconomy that soon is over. He should read up on weimar germany.
What a wanker he is, how can he bullshit like he does and hardly anyone calls him on it. I feel sorry for him having to pretend like he does without any actual acting lessons.
"I don't know why people give any credibility to what Ben Bernanke says anyway".
Because he has the propaganda bullhorn, maybe?
The problem we have is that we have addicts in government who are addicting more people to the government spin cycle. A demoralized people are easy to addict. The government pusher wants them addicted, and the addicts don't want to go through the withdrawal.
The extortion system eliminates all respectable humans. Property tax, income tax, and controls are extortion. As long as we allow extortion, neither the fed nor any other thing will matter, because tax will eat up income, whether income is achieved with labor or investment. The purpose of the media and the military is to support our extortion system.
the idea that corporations need more tax cuts is a very old stale idea-they have had many tax breaks and what did they do-they used their extra capital to invest abroad which caused a hugh downturn in our economy just as big tax breaks for the ricbh-instead of creating jobs-more money is going for war and surveilance-which may possibly help protect the real bank robbers but it doesn't help the average joe one little bit !
The mega corporations that are in bed in goverment pay no taxes at all but there are other slightly smaller like the one Peter Schiff is part that are getting KILLED with high taxes and expensive regulations..
PS believes in a free economy. ok. He thinks the economy isnt free because the government keeps asking the fed to print money to borrow it. Thus the gorrilla in the room is the state. But the fed is also a goriila in the room. The fed chairman isnt stupid. He knows he is making contradictory statements. He is feeding the fed, the state & the banks. The Banks arent lending even from a base of 0% because the big gains are around the corner when they inherit all the assets that people cant pay for.
More money to "job creators" does not solve anything. The only thing that does is to transfer money from the rich to the less rich and the poor. That way they can start buying things that are really needed. The job creators does not make new jobs, they take all money they get and speculate on rising stocks.
I saw a video of Dean Baker saying, "We desperatley Need QE3 and Inflation. Dollar is STILL 20% overvalued." Little does this Bernanke look-a-like know that the dollar is 100% overvalued.
I wanna meet you one day so we can talk about the end of the world as we know it... Hey you think silver will crash if us defaults? It always goes down in times of crisis then goes up during a recovery.. So much for it acting as a currency and inflation hedge..
I got a REAL conspiracy for all of you. One that I PROVE mathematically and scientifically, and it's one of the biggest secrets there is. The FACT that ALL Futures markets are CONTROLLED by a Computer program. They DO NOT trade.......period! I'm a scientist and trader and this is a FACT, not a con, not a scam, not a joke, not a whacko, just the REAL TRUTH! Go to my website, google "Oil Trading Academy", then go to the page "Secret Revealed", and get ready for your mind to be boggled.
Creating jobs like bartenders and toiletbowl cleaners are not what is needed. Has anyone ever heard Peetey tackle the issue of outsourcing, and that all the HVA jobs have/ are still being shipped to China?
"lenin was certainly right, there is no more positive, subtle or surer means of destroying the existing basis of society than to debauch the currency.
by a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of the citizens.
the process engages all of the hidden forces of economics on the side of destruction, and does it in a manner that not one man in a million can diagnose."
PROPHECY / QURAN / ASTEROID 2011 MD / Syria / JVI / Iran / Philippines / NEBRASKA! VISION Of The ATTACK Of ISRAEL That Is Coming! Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
Do you think that the Fed´s REAL intention is simply to devaluate the US dollar? That would solve the fiscal problems. The only inconvenient is that the EURO is doing badly as well with Greece and Portugarl´s problems. Putting aside the fact that anyone who has any USD will pay the price, don´t you think devaluating the dollar is a sound "solution" for the mess we are all in right now?
Peter, Could you comment on Bernanke's press conf particularly his nervousness, lack of confidence like disposition, and his actual words: "dont have a good read on permanent factors/strong headwinds etc"? I am also surprised that he did not expect the inflation to rise etc when you have been pounding on this inflation idea fro 6 months ago. Can someone fire Bernanke?
Want to see the real Garden of Eden? I discovered its true location and you can see it for yourself in my videos. I know this may not be the place to post this, but I think its news worthy. Check out my channel and see it.
PROPHECY / QURAN / ASTEROID 2011 MD / Syria / JVI / Iran / Philippines / NEBRASKA! VISION Of The ATTACK Of ISRAEL That Is Coming! Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
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Mr. Schiff:
I would watch all of your videos but they are toooooooo long. How many people have 10-15 minutes to watch your videos. Just get to the point, cut it down to 4 minutes or so and your readership will triple. Something to think about. S
@czubspenx Tried that once, and got lots of complaints. However, perhaps I could make more videos but keep each one shorter. It would also help is I had someone to edit them. I simply record and post as is.
@SchiffReport Peter, I don't mind the long videos. I've watched them all. BTW, you are so right about Bernanke. Thanks for all your insight. I have been in precious metals and other commodities for many years now and love to see my money growing. There are a lot of people who'd kill for these kind of gains. I've learned so much about economics from people like you that I'm completely fearless of my financial future. The game can change at anytime but you helped give me the tools I need.
@SchiffReport View Peter's videos as i do. I just pretend Peter came over unexpected and ive answered the door. "Peter! how are you? come on in, I made some Tea would you like one?" Pretend hes talking to me across the table about the end of the Earth. Im very Grateful. "would you like a lamington Peter?"
Peter you could make a lot of money if you made an video documentary series that educates people on the Basics of Austrian Economics like you know a set that you could sell to schools
@SchiffReport I think everyone was glad when the videos went from 10' to 15' - czubspenx is one of the exceptions...Most people's complaint is that the videos are not as frequent since the SchiffRadio came on.
@czubspenx people don't get inflation or deficit spending as it is. if they did it would be unnecessary for schiff to make these videos at all. i, for one, listened to him for at least a couple of years before i really understood how it all came together through inflation. and now you should see my "encyclopedic" posts on social networking sites. there is no way to put this information into breezy posts for the unlearned.
@czubspenx one question for you. how many "crap" videos do you watch per day that are 4 minutes long or shorter? my point is that if you cannot CANNOT absolutely CANNOT watch a video that is longer than 4 minutes and you still want to watch a video as important as ones Peter provides... THEN CUT DOWN ON WATCHING CRAP!
we now return you to our regularly scheduled brainwashing program :))
I really admire your videos. Whether or not The Bernanke is a liar or fool is something people really need to consider. The policies of this administration, however, are not the root cause of the problems we face. This goes back to the post WWII policies related to Bretton Woods, and further back to the creation of the Interest-charging Federal Reserve construct. Why pay interest on money printing? Congress could print interest free money, like the Greenback under Lincoln. Comment?
Its not just Bernanke - the whole central bank system needs to go. Why should we pay interest on money they create out of thin air? Read: "QE2 is Damaging the Economy and Reducing GDP Growth" ; "Goodbye Dollar, Goodbye Normalcy" ; "19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems" ; "The Canary Is Dying and So Is Our Future" ; "The Fed creates money out of thin air" ; "The Federal Reserve: Aging Magician of the Welfare State"
The problem are not regulations. It's the exponential growth needed to pay interest on debt. It always has to explode or implode. There is no sustainable growth.
I totally agreed with you up until 11:17 where you stated that tax cuts for the rich or what you called "job creators" would automatically create jobs with the money they didn't spend on taxes. That is the huge deception. Maybe the tax cut for the rich guy just wants to expand his underground compound or fill more rooms with bars of gold instead.
Decades of Class War is why the economy is weakening. The average family just keeps working harder and harder and for less money. The perverted levels of wealth centralization is sickening.
I totally agreed with you up until 11:17 where you stated that tax cuts for the rich or what you called "job creators" would automatically create jobs with the money they didn't spend on taxes. That is the huge deception. Maybe the tax cut for the rich guy just wants to expand his underground compound or fill more rooms with bars of gold instead.
@paralentor He would only store gold if he was not able to produce a better return. Like now, for example, when the government printing machine makes businessman's return on investment worthless.
there's an old adage - "if you can't beat them, join them." - What's going to happen when the PTB's realize they can't shut down bitcoin? They'll start buying them up en-masse and the price will go through the roof. There will only ever be 21 million bitcoins - period. how much will each one be worth when billions of dollars start flowing in to buy them?
Bernanke's willingness to blatantly lie should have us all scared to death, for that level of desperation says he has no concern for his reputation; that could only be true for a couple of reasons: 1) he's profiting (or will) and he could care less; or 2) We're fucked!
check out "1. A prophetic interview with Sir James Goldsmith in 1994 Pt1" on youtube you will see the seeds being sewn for what was to come leading right up to the present day,, interesting viewing trust me !
You really should preface the whole "cutting government spending will help the economy" by clarifying that this is in the long run, obviously government employees will be out of jobs and those businesses dependent on state support will suffer in the short run. It's not as easy to sell, but it's more honest.
"Productive Economy" Lets hear a blog on the GATT agreement of the 1990's where billions of people were allowed to join the world labour market, American capitalists moved their businesses off-shore to where labour was cheapest, this is how a lot of the US production based jobs were lost.
@AccuracyMarked There is so much momentum behind our growing debt that either Ron Paul has to get elected or we're going to experience a world of pain
Bernanke is most certainly a liar. Fractional Reserve Banking was no accident. What I suspect, is that Bernanke is really just kinda the 'fall guy' so to speak.
@AccuracyMarked Wise people follow the FED. Right or wrong, the Fed has great influence on the economy.
I know it is frustrating to gold people to see Bernanke fighting inflation. But, hey. This is America. I am an American. And i don't want America to go into hyperinflation or currency default.
You and I could not buy enough silver and gold to make life in America bearable if hyperinflation hits. I know I can't. Mr. Schiff's career and holdings are at stake. He wants inflation.
@Clarissa2424 you are joking right? In what way is Bernanke fighting inflation? Haven't you noticed prices of things from a year ago to today? What policies is Bernanke doing that is fighting inflation exactly? I see none.
I think you mentioned the key word by Bernanke. Reducing the deficit "too fast" will hurt the recovery. That makes sense. Just try and take away unemployment benefits, social security checks, government paychecks, parks and recreation and government pensions... and you will see a sudden and huge drop in money circulating in America.
the key word Is "Too Fast" sudden all at once.
that is what Benanke said, according to your own words.
Sorry that your Gold is going down because of Bernanke.
QE3 cannot happen until markets and the economy demand it.
So, a slower economy, lower oil prices, lower demand for industrial silver, lower commodities go hand in hand with a slow economy.
So, the FED gets what it wants. Lower Commodities (oil release, Margin calls for silver, less demand for copper) will help Corporations avoid inflationary increases in prices.
If the economy, thus, gets weaker, he will wait until there is a CALL FROM WALL STREET for help in some form of QE.
The right thing to do is to tell them to all fuckoff and instead of the gov't selling bonds to them and paying interest on them to the privately owned "federal reserve" it should make its own fucking money interest free. Time to read Creature of Jekyll Island again lol.
Osama Bin Bernanke and the Federal Reserve are a parasite and have taken over the host (the US Government). They even name themselves the Fed when they are not Federal and they have no reserves. The emperors (''Owe''bama and Bernanke) have no clothes and soon that will be exposed. Something bad is a brewing and a dollar collapse is near. I am glad I left the US(S)A and took my productive capacity, capital, and language abilities out of that decrepid-immoral land. I will drink to its demise.
Mr Schiff... I'm from Europe... I want to express my admiration to your impressive understanding of the economy... although, it makes me wonder - to criticize Ben at all... he is just an illuminati puppet who is carying out what has carefully been designed beforehand ... it would be so nice if you'd combine the whole picture in your reviews - CFR, Bilderberg Group, Trilateral Comission ... the whole history of it - what we are seeing now seems a very logical sequel to what has happened so far
@SuperPopulist i dont belive in illuminatis but he might work hard for the fed's interests. i think we dont undersand what the fed is really trying to do? the question is: can we beat China? probably not. so I think the fed play the least worst scenario. someone should explain that, the fed is not conspiring. i think we ae getting down the drain anyways. they just try to temper it.
It is not the question of faith. This not religion. There is lots of evidence if you want to look at it, you might want to do your own research before you "believe" anything... you won't see this on TV as they own the large news channels and agencies...
I was reading Men's Health magazine yesterday (The one with Stephen Moyer on the cover) and there was an article about the purpose of money that, to me, shows how screwed up most people have it in their heads about money. The article used an analogy that cavemen basically invented money so they wouldn't have to hunt and build shelter all day, but could relieve their stress by paying someone else... Thoughts?
LMAO @ Peter Schiff. The guy is masking his true complaint, which it that he wants QE3 to happen because commodities are falling. He wants them to rise so his hedge fund clients don't get hosed on gold and oil trusts, and the reality is that just won't happen without more inflation. He is a two-faced asshat and any prudent investor should know not to trust him.
If Keynsians like Bernanke or Krugman were right that borrow and spending actually helps an economy, then how did we grow to become the largest economy on earth pre-1914?(also the time when the Federal Reserve Act was passed). The dollar kept its value from our founding until then, we didn't have to inflate to grow. It really bothers me that this point is seldom made.
@mrwakeup1983 I use Hablerian economics which tells me that if a Man has an income of 14 trillion per year he really doesn't need to borrow money. If he does continue to waste his money and keep borrowing more i tend to small a rat in the system. Like maybe the moneylenders are putting a squeeze on him.
@Steve2323ZX - I kid you not. Some classmates have not found a full-time job yet. Dentistry is not recession proof; it's a luxury. People ignore their mouths until it's too late, then they come to get extractions or meds to tide them over until the next flare up. Add on the small business aspect - ridiculous licensing fees, high taxes, malpractice insurance, high competition, and there really is not much left to take home. I love my field, it is just hard to make a living for young dentists.
Peter I don't know if you mentioned it yet, but in one of your recent blogs you said the statement that "The US has never defaulted" is not true because of the refusal to repay in gold after dropping the gold standard. There was another default in 1979 when they failed to repay treasury holders on time - a default resulting in penalties being paid and a 60bp increase in newly issued debt.
Bernanke is a fool. But he only takes orders from his handlers. He does what he is told to do. Inflate the dollar and default on the Chinese debt. Allow a new world reserve currency to be put into place. Talk about reductions in government spending? How about reducing our military spending which brings us no good and costs us approx. 1 Trillion U.S. Dollars per year.
the fact is that Ben actually knows what he is doing, and what he is doing is crashing the Dollar in order to have a reason to implement a new world currency which his bosses have had in plan for a long time
More money printing and inflation will happen. I think it is happening as we speak because we keep sending money to the IMF, which uses that money to bail out Euro banks. We have no money when we are borrowing 42 cents of every dollar we spend. In effect, we are borrowing money to lend to other countries and fund wars in other countries. Brace yourself for more inflation
@enoskul02 the paradox of thrift says, the less you spend the more the economy will tank. Sorry, I don't like it either but it is consumerism you know !
the Satanic Seignorage Scheme has got to go....Only the chief of a member bank and his sixteen year old daughter with the brand new Bugatti in the driveway for her sweet sixteenth could love that scam.
no you should shut the fuck up you fuckin fag. you're the fuckin reason why we're collapsing. good luck killing blacks and hispanics for scraps of food.
I hate Keynesian economics. with that said, I think peter is all wrong, and I like peter. I often hear him use the analogy of getting drunk and sobering up, like spending and borrowing money is the drinking part, and the economy crashing is the withdrawl part.
I say he is wrong because the lifeblood of our economy was drained away and replaced with narcotics. we LIVE on debt now, healthy economic activity actually HURTS our upside down country.
I love his videos on Bernanke, they're funny and true, and very well brought. This man deserves much more credit than he currently gets.
TWSceptic 2 months ago
LIBERTARIANMONARCHY . COM
ecnerwal999 7 months ago
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diipadaapa1 7 months ago
Schiff for President! 2012
webtactechs 7 months ago 3
OMG we need you in the government. Or at least on a TV show.
davebex13 7 months ago 2
I don't think that everything Ben Bernanke states is directed to people like Peter Schiff. Peter is almost tryingn to carry on a dialogue with Bernanke, but Bernanke is on another planet. Bernanke tends
to "dumb it down" and certainly doesn't address the specific problem or explain all the issues in economic terms, more of a politician who has taken on the roll of instilling hope to the masses.
He is more of a politician.
MudDauper 7 months ago
Who are the 19 assholes who are disliking this information?
thesiciliannyc 7 months ago
Not enough jobs were lost in the great recession. For example, Ben Bernanke did not lose his, but is still there printing money. He is part of this PHONeconomy that soon is over. He should read up on weimar germany.
hdrusersdotcom 7 months ago
Bernanke needs to brush up on his QE 101.
What a wanker he is, how can he bullshit like he does and hardly anyone calls him on it. I feel sorry for him having to pretend like he does without any actual acting lessons.
Ctemple2012 7 months ago
I think Peter Schiff just predicted a false flag event!!
PbDeth 7 months ago
"I don't know why people give any credibility to what Ben Bernanke says anyway".
Because he has the propaganda bullhorn, maybe?
The problem we have is that we have addicts in government who are addicting more people to the government spin cycle. A demoralized people are easy to addict. The government pusher wants them addicted, and the addicts don't want to go through the withdrawal.
SDS4BO 7 months ago
PS is right on!
MrCalipachanguero 8 months ago
The extortion system eliminates all respectable humans. Property tax, income tax, and controls are extortion. As long as we allow extortion, neither the fed nor any other thing will matter, because tax will eat up income, whether income is achieved with labor or investment. The purpose of the media and the military is to support our extortion system.
geehuckwow 8 months ago
"What you should just do is resign"....lol
shotsky94 8 months ago
Wow this is so good. You did a great job explaining this so simply for the average person.
sharbeth7 8 months ago
the idea that corporations need more tax cuts is a very old stale idea-they have had many tax breaks and what did they do-they used their extra capital to invest abroad which caused a hugh downturn in our economy just as big tax breaks for the ricbh-instead of creating jobs-more money is going for war and surveilance-which may possibly help protect the real bank robbers but it doesn't help the average joe one little bit !
kjack5 8 months ago
@kjack5
The mega corporations that are in bed in goverment pay no taxes at all but there are other slightly smaller like the one Peter Schiff is part that are getting KILLED with high taxes and expensive regulations..
xMaXiMuSx 8 months ago
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bye bye USA
Rapeliums 8 months ago
PS believes in a free economy. ok. He thinks the economy isnt free because the government keeps asking the fed to print money to borrow it. Thus the gorrilla in the room is the state. But the fed is also a goriila in the room. The fed chairman isnt stupid. He knows he is making contradictory statements. He is feeding the fed, the state & the banks. The Banks arent lending even from a base of 0% because the big gains are around the corner when they inherit all the assets that people cant pay for.
feeltheweird 8 months ago
The jewish controlled Federal has succeeded in destroying the country. bye bye USA
Graham6762 8 months ago
Bernanke spouts really unbeliavable crap...
MushroomCloud666 8 months ago
More money to "job creators" does not solve anything. The only thing that does is to transfer money from the rich to the less rich and the poor. That way they can start buying things that are really needed. The job creators does not make new jobs, they take all money they get and speculate on rising stocks.
72strand 8 months ago
shortest financial anecdote: BEN BERNANKE
PANTSPOKER 8 months ago
I saw a video of Dean Baker saying, "We desperatley Need QE3 and Inflation. Dollar is STILL 20% overvalued." Little does this Bernanke look-a-like know that the dollar is 100% overvalued.
edwardwills 8 months ago
Asking big ben to cutoff the government completely violates why the fed was created in the first place.
jvetter713 8 months ago
I wanna meet you one day so we can talk about the end of the world as we know it... Hey you think silver will crash if us defaults? It always goes down in times of crisis then goes up during a recovery.. So much for it acting as a currency and inflation hedge..
OzSiLvEr11 8 months ago
support to Peter.
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FreeSTOCKnolossROBOT 8 months ago
@squareatheist
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dobberdoss 8 months ago
I got a REAL conspiracy for all of you. One that I PROVE mathematically and scientifically, and it's one of the biggest secrets there is. The FACT that ALL Futures markets are CONTROLLED by a Computer program. They DO NOT trade.......period! I'm a scientist and trader and this is a FACT, not a con, not a scam, not a joke, not a whacko, just the REAL TRUTH! Go to my website, google "Oil Trading Academy", then go to the page "Secret Revealed", and get ready for your mind to be boggled.
baningkoy 8 months ago
Creating jobs like bartenders and toiletbowl cleaners are not what is needed. Has anyone ever heard Peetey tackle the issue of outsourcing, and that all the HVA jobs have/ are still being shipped to China?
chegvra 8 months ago
You know Ben Bernacke is lying when you see his lips move.
WmStratton 8 months ago
You know Ben Bernacke is lying when you see his lips move.
WmStratton 8 months ago
I love how Peter talks in a really detailed and serious manner yet still manages to make it entertaining and funny to watch. Keep it up!
RFoxUK 8 months ago
Another great one! Thanks Peter. Peter for Fed Chairman! Oh wait, we don't get to elect any of the people in control of our money.
DanMonDab 8 months ago
As usual, my guy schiffizy is always on point.
Good look.
IcebergEntOFFICIAL 8 months ago
dont u want ppl to hav employee healthcare so they can be alive to buy ur stuff.lol
koolangeldude1 8 months ago
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us will default.
jiminiflix 8 months ago
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Ben will be one of the first of these cock suckers that get ass raped in prison when we take back our Republic.
438doug 8 months ago
ECONOMIC TERRORISM
"lenin was certainly right, there is no more positive, subtle or surer means of destroying the existing basis of society than to debauch the currency.
by a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of the citizens.
the process engages all of the hidden forces of economics on the side of destruction, and does it in a manner that not one man in a million can diagnose."
-john maynard keynes
obot econ guru
wolfgangfaust 8 months ago
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PROPHECY / QURAN / ASTEROID 2011 MD / Syria / JVI / Iran / Philippines / NEBRASKA! VISION Of The ATTACK Of ISRAEL That Is Coming! Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
TheENTERRAPTURE17 8 months ago
my Dad used to say
"figures don't lie but liars figure"
AKA - bernanke
-Homer Simpson can see through his bullshit.
wolfgangfaust 8 months ago
Oil prices go sidesways?
fight2Bfree 8 months ago
Don't just fire Bernanke end the whole fed.
Shaunt1 8 months ago
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ulived1969 8 months ago
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RON PAUL 2012.!!!!!!
rockingout1018 8 months ago
Ron Paul for president. Peter Schiff for Fed Chairman
damoose28 8 months ago
Do you think that the Fed´s REAL intention is simply to devaluate the US dollar? That would solve the fiscal problems. The only inconvenient is that the EURO is doing badly as well with Greece and Portugarl´s problems. Putting aside the fact that anyone who has any USD will pay the price, don´t you think devaluating the dollar is a sound "solution" for the mess we are all in right now?
oayerdi3 8 months ago
I am confused. Can you please repeat that..
superham405 8 months ago
Peter, Could you comment on Bernanke's press conf particularly his nervousness, lack of confidence like disposition, and his actual words: "dont have a good read on permanent factors/strong headwinds etc"? I am also surprised that he did not expect the inflation to rise etc when you have been pounding on this inflation idea fro 6 months ago. Can someone fire Bernanke?
SilkRouteTrader 8 months ago
I wish someone would quantativly ease a stick of dynamite in BB's rectum.
movement26 8 months ago
QE3 is a GO, the FED is buying 25 Billion in US tres bonds..... not calling this QE3??
horseawareness 8 months ago
@horseawareness RON PAUL 2012.!!!!!!
rockingout1018 8 months ago
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Want to see the real Garden of Eden? I discovered its true location and you can see it for yourself in my videos. I know this may not be the place to post this, but I think its news worthy. Check out my channel and see it.
downyourtube 8 months ago
You'll know that Ben Bernanke is lying when you see his lips moving.
MishuTaste 8 months ago
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check out the new peter schiff radio show (june 20th) with bitcoins donald norman..... peter asks some great questions and sheds some light
NewbWorksDwarven 8 months ago
Bernanke just got owned!
nogl0001 8 months ago
Dead on. Thank you Peter!
rockstarr469 8 months ago
"He who controls the money supply of a nation controls the nation". James A Garfield 1831 - 1881 (20th president of the USA)
RiteSedFred123 8 months ago
bernanke looks like he's about to cry during his announcements lol like a child or employee being made to do something they dont want to do
mutadeddeformity83 8 months ago
I love how satirical the tone it... I was lauging my head off.... Thanks Peter!
soulfreeplay 8 months ago
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PROPHECY / QURAN / ASTEROID 2011 MD / Syria / JVI / Iran / Philippines / NEBRASKA! VISION Of The ATTACK Of ISRAEL That Is Coming! Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
TheENTERRAPTURE17 8 months ago
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Mr. Schiff:
I would watch all of your videos but they are toooooooo long. How many people have 10-15 minutes to watch your videos. Just get to the point, cut it down to 4 minutes or so and your readership will triple. Something to think about. S
czubspenx 8 months ago
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@czubspenx No one agrees with you
viewingthetube45 8 months ago
@czubspenx why don't you worry about yourself and not the length of Peter's Videos. If you want to watch it, find time, otherwise don't watch at all.
StanzelMafia 8 months ago
@StanzelMafia I was addressing Mr. Schiff. Why don't you mind your own business?
czubspenx 8 months ago
@czubspenx Tried that once, and got lots of complaints. However, perhaps I could make more videos but keep each one shorter. It would also help is I had someone to edit them. I simply record and post as is.
SchiffReport 8 months ago 30
@SchiffReport Peter, I don't mind the long videos. I've watched them all. BTW, you are so right about Bernanke. Thanks for all your insight. I have been in precious metals and other commodities for many years now and love to see my money growing. There are a lot of people who'd kill for these kind of gains. I've learned so much about economics from people like you that I'm completely fearless of my financial future. The game can change at anytime but you helped give me the tools I need.
uncertaintimes411 8 months ago 2
@SchiffReport
I like the long videos, the longer the better
DaveC86 8 months ago 4
@SchiffReport View Peter's videos as i do. I just pretend Peter came over unexpected and ive answered the door. "Peter! how are you? come on in, I made some Tea would you like one?" Pretend hes talking to me across the table about the end of the Earth. Im very Grateful. "would you like a lamington Peter?"
Nevawake 8 months ago
@SchiffReport
Peter you could make a lot of money if you made an video documentary series that educates people on the Basics of Austrian Economics like you know a set that you could sell to schools
Salvysahagun 8 months ago
@SchiffReport Peter the videos are fine the way they are. I'm glad you take your time and are detailed!!! We need that!!!
wannaknowbad 7 months ago
@SchiffReport I think everyone was glad when the videos went from 10' to 15' - czubspenx is one of the exceptions...Most people's complaint is that the videos are not as frequent since the SchiffRadio came on.
Thanks for all your time educating us.
Kaklama13 7 months ago
@czubspenx people don't get inflation or deficit spending as it is. if they did it would be unnecessary for schiff to make these videos at all. i, for one, listened to him for at least a couple of years before i really understood how it all came together through inflation. and now you should see my "encyclopedic" posts on social networking sites. there is no way to put this information into breezy posts for the unlearned.
pobaldy66 8 months ago
@czubspenx
If your interested in the your future youd take the time...
im sure everybody watches 15 mins plus of mindless tele everyday
Javablack04 8 months ago
his ratings say enough. keep it the way it is schiff!@czubspenx
jimbo59153 8 months ago 2
@czubspenx one question for you. how many "crap" videos do you watch per day that are 4 minutes long or shorter? my point is that if you cannot CANNOT absolutely CANNOT watch a video that is longer than 4 minutes and you still want to watch a video as important as ones Peter provides... THEN CUT DOWN ON WATCHING CRAP!
we now return you to our regularly scheduled brainwashing program :))
Rawego 7 months ago
@Rawego I like the Reader's Digest version. Just a personal preference. Hope that's okay with you. Thanks for you input.
czubspenx 7 months ago
Bernanke did the right thing - he is not printing any more money. But Peter still plays his old song...
skyrmaLT 8 months ago
@skyrmaLT The Fed does not have in within its power to do anything right. Get rid of the Fed.
czubspenx 8 months ago
@skyrmaLT How is "reinvesting" the maturing debt not printing?
chuska8383 8 months ago
pete's on fire
trexx32 8 months ago
I think we should have law to punish politicians who is doing bad jobs rather than paying their salary. It's tax payers'' money they are wasting.
mysupermaltese 8 months ago
I really admire your videos. Whether or not The Bernanke is a liar or fool is something people really need to consider. The policies of this administration, however, are not the root cause of the problems we face. This goes back to the post WWII policies related to Bretton Woods, and further back to the creation of the Interest-charging Federal Reserve construct. Why pay interest on money printing? Congress could print interest free money, like the Greenback under Lincoln. Comment?
vbywrde 8 months ago
I learned more from Peter's video blogs than the 4 years spent on an economics major @ university.
ltse 8 months ago 5
Its not just Bernanke - the whole central bank system needs to go. Why should we pay interest on money they create out of thin air? Read: "QE2 is Damaging the Economy and Reducing GDP Growth" ; "Goodbye Dollar, Goodbye Normalcy" ; "19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems" ; "The Canary Is Dying and So Is Our Future" ; "The Fed creates money out of thin air" ; "The Federal Reserve: Aging Magician of the Welfare State"
usactionnewsdotcom 8 months ago
America is going down. Hip hip hooray! Maybe at long last the Yanks will stop invading countries and bombing foreign civilians. One can only hope!
oitzingerpeter 8 months ago
...you can tell he is lying because his mouth is moving...
KillerBeeKiller 8 months ago
in a fucking nutshell.
roflwaffle12321 8 months ago
The problem are not regulations. It's the exponential growth needed to pay interest on debt. It always has to explode or implode. There is no sustainable growth.
pcuimac 8 months ago
@pcuimac sanity is here
todanp 8 months ago
thanks Peter!
zandersmith1 8 months ago
Peter if he is lying what does the fed stand to gain? By killing our economy.
fohtynine 8 months ago
@fohtynine globalism mutha fucka
HallowMoonMusic 8 months ago
@fohtynine immense corporate profit and political manipulation.
roflwaffle12321 8 months ago
He is a dead wrong doomed
blythebaby777 8 months ago
Paul Volcker..where are You....
mgpblue 8 months ago 2
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I totally agreed with you up until 11:17 where you stated that tax cuts for the rich or what you called "job creators" would automatically create jobs with the money they didn't spend on taxes. That is the huge deception. Maybe the tax cut for the rich guy just wants to expand his underground compound or fill more rooms with bars of gold instead.
paralentor 8 months ago
Decades of Class War is why the economy is weakening. The average family just keeps working harder and harder and for less money. The perverted levels of wealth centralization is sickening.
workwillfreeyou 8 months ago
I totally agreed with you up until 11:17 where you stated that tax cuts for the rich or what you called "job creators" would automatically create jobs with the money they didn't spend on taxes. That is the huge deception. Maybe the tax cut for the rich guy just wants to expand his underground compound or fill more rooms with bars of gold instead.
paralentor 8 months ago
@paralentor He would only store gold if he was not able to produce a better return. Like now, for example, when the government printing machine makes businessman's return on investment worthless.
BlueSkies360 8 months ago
there's an old adage - "if you can't beat them, join them." - What's going to happen when the PTB's realize they can't shut down bitcoin? They'll start buying them up en-masse and the price will go through the roof. There will only ever be 21 million bitcoins - period. how much will each one be worth when billions of dollars start flowing in to buy them?
ostralopithicus 8 months ago
"twist the facts" typical Keynesian.
Truthpolice9698 8 months ago
it's all a show. just keep eating your popcorn and drinking your soda. the credits will be rolling soon.
lucifuehrer 8 months ago
Bernanke's willingness to blatantly lie should have us all scared to death, for that level of desperation says he has no concern for his reputation; that could only be true for a couple of reasons: 1) he's profiting (or will) and he could care less; or 2) We're fucked!
JejuLee 8 months ago
"Anyway, on that note, hopefully you enjoy the rest of the weekend." Sometimes the way he ends these make me laugh out loud!
Long live Peter Schiff.
tacitus7 8 months ago 2
check out "1. A prophetic interview with Sir James Goldsmith in 1994 Pt1" on youtube you will see the seeds being sewn for what was to come leading right up to the present day,, interesting viewing trust me !
FlyingFox1971 8 months ago
You really should preface the whole "cutting government spending will help the economy" by clarifying that this is in the long run, obviously government employees will be out of jobs and those businesses dependent on state support will suffer in the short run. It's not as easy to sell, but it's more honest.
Guest655321 8 months ago
Naa Peter, you can tell Ben Bernanke is lying because his lips are moving. It's that simple!
brown55061 8 months ago
"Productive Economy" Lets hear a blog on the GATT agreement of the 1990's where billions of people were allowed to join the world labour market, American capitalists moved their businesses off-shore to where labour was cheapest, this is how a lot of the US production based jobs were lost.
FlyingFox1971 8 months ago
@AccuracyMarked There is so much momentum behind our growing debt that either Ron Paul has to get elected or we're going to experience a world of pain
mjbarrowful 8 months ago
Bernanke is most certainly a liar. Fractional Reserve Banking was no accident. What I suspect, is that Bernanke is really just kinda the 'fall guy' so to speak.
skypilot805 8 months ago
wake up fellas... Ron Paul 2012, abolish the FED. The policies of the FED HURT the American economy.
chrbess9 8 months ago 2
What would happen to the markets if they don't raise the debt ceiling?
BogusJesus 8 months ago
Awesome video as usual! Thank you!
newsjunkie3000 8 months ago
I always laugh at people who actually sit in front of their tv's and listen to Bernanke's speeches. I don't give my time nor listen to propagandists.
hummarstra 8 months ago
@AccuracyMarked Wise people follow the FED. Right or wrong, the Fed has great influence on the economy.
I know it is frustrating to gold people to see Bernanke fighting inflation. But, hey. This is America. I am an American. And i don't want America to go into hyperinflation or currency default.
You and I could not buy enough silver and gold to make life in America bearable if hyperinflation hits. I know I can't. Mr. Schiff's career and holdings are at stake. He wants inflation.
Clarissa2424 8 months ago
@Clarissa2424 you are joking right? In what way is Bernanke fighting inflation? Haven't you noticed prices of things from a year ago to today? What policies is Bernanke doing that is fighting inflation exactly? I see none.
SamuelMoralesJr 8 months ago
I think you mentioned the key word by Bernanke. Reducing the deficit "too fast" will hurt the recovery. That makes sense. Just try and take away unemployment benefits, social security checks, government paychecks, parks and recreation and government pensions... and you will see a sudden and huge drop in money circulating in America.
the key word Is "Too Fast" sudden all at once.
that is what Benanke said, according to your own words.
Sorry that your Gold is going down because of Bernanke.
Clarissa2424 8 months ago
Ron Paul 2012... You know Schiff would be in his cabinet.
You know all the greatest minds in the US would be in his cabinet.
stanxcarter 8 months ago
12:00 on is pure brilliance!!!
DrinkWater6Family 8 months ago
This is Peter Schiff, not Alex Jones. Why so many tinfoil hats in the crowd?
theredpillxxx 8 months ago
@theredpillxxx By tinfoil you mean know how the federal reserve works and know its a private consortium of banks ?
hablerz 8 months ago
@theredpillxxx Your name's redpill and youre accusing people of tinfoil hats lol...
uwmbigb 8 months ago
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our next chairman of the FED!
stanxcarter 8 months ago
QE3 cannot happen until markets and the economy demand it.
So, a slower economy, lower oil prices, lower demand for industrial silver, lower commodities go hand in hand with a slow economy.
So, the FED gets what it wants. Lower Commodities (oil release, Margin calls for silver, less demand for copper) will help Corporations avoid inflationary increases in prices.
If the economy, thus, gets weaker, he will wait until there is a CALL FROM WALL STREET for help in some form of QE.
Clarissa2424 8 months ago
The right thing to do is to tell them to all fuckoff and instead of the gov't selling bonds to them and paying interest on them to the privately owned "federal reserve" it should make its own fucking money interest free. Time to read Creature of Jekyll Island again lol.
youutube88 8 months ago
Osama Bin Bernanke and the Federal Reserve are a parasite and have taken over the host (the US Government). They even name themselves the Fed when they are not Federal and they have no reserves. The emperors (''Owe''bama and Bernanke) have no clothes and soon that will be exposed. Something bad is a brewing and a dollar collapse is near. I am glad I left the US(S)A and took my productive capacity, capital, and language abilities out of that decrepid-immoral land. I will drink to its demise.
msungs 8 months ago
Mr Schiff... I'm from Europe... I want to express my admiration to your impressive understanding of the economy... although, it makes me wonder - to criticize Ben at all... he is just an illuminati puppet who is carying out what has carefully been designed beforehand ... it would be so nice if you'd combine the whole picture in your reviews - CFR, Bilderberg Group, Trilateral Comission ... the whole history of it - what we are seeing now seems a very logical sequel to what has happened so far
SuperPopulist 8 months ago
@SuperPopulist i dont belive in illuminatis but he might work hard for the fed's interests. i think we dont undersand what the fed is really trying to do? the question is: can we beat China? probably not. so I think the fed play the least worst scenario. someone should explain that, the fed is not conspiring. i think we ae getting down the drain anyways. they just try to temper it.
schassse 8 months ago
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@schassse
"i dont belive in illuminatis"
It is not the question of faith. This not religion. There is lots of evidence if you want to look at it, you might want to do your own research before you "believe" anything... you won't see this on TV as they own the large news channels and agencies...
SuperPopulist 8 months ago
I was reading Men's Health magazine yesterday (The one with Stephen Moyer on the cover) and there was an article about the purpose of money that, to me, shows how screwed up most people have it in their heads about money. The article used an analogy that cavemen basically invented money so they wouldn't have to hunt and build shelter all day, but could relieve their stress by paying someone else... Thoughts?
MandragGanon 8 months ago
@MandragGanon A penny for your thoughts? ;-)
Zalahblue 8 months ago
I guess we will have to hit rock bottom for any positive long term changes to take effect. Thank you Zimbabwe Ben.
mrwakeup1983 8 months ago
LMAO @ Peter Schiff. The guy is masking his true complaint, which it that he wants QE3 to happen because commodities are falling. He wants them to rise so his hedge fund clients don't get hosed on gold and oil trusts, and the reality is that just won't happen without more inflation. He is a two-faced asshat and any prudent investor should know not to trust him.
MCWaterman 8 months ago 2
If Keynsians like Bernanke or Krugman were right that borrow and spending actually helps an economy, then how did we grow to become the largest economy on earth pre-1914?(also the time when the Federal Reserve Act was passed). The dollar kept its value from our founding until then, we didn't have to inflate to grow. It really bothers me that this point is seldom made.
mrwakeup1983 8 months ago
@mrwakeup1983 I use Hablerian economics which tells me that if a Man has an income of 14 trillion per year he really doesn't need to borrow money. If he does continue to waste his money and keep borrowing more i tend to small a rat in the system. Like maybe the moneylenders are putting a squeeze on him.
hablerz 8 months ago
@Steve2323ZX - I kid you not. Some classmates have not found a full-time job yet. Dentistry is not recession proof; it's a luxury. People ignore their mouths until it's too late, then they come to get extractions or meds to tide them over until the next flare up. Add on the small business aspect - ridiculous licensing fees, high taxes, malpractice insurance, high competition, and there really is not much left to take home. I love my field, it is just hard to make a living for young dentists.
agapedent 8 months ago
then we are going to be unemployed even longer
keeptkntests 8 months ago
Peter I don't know if you mentioned it yet, but in one of your recent blogs you said the statement that "The US has never defaulted" is not true because of the refusal to repay in gold after dropping the gold standard. There was another default in 1979 when they failed to repay treasury holders on time - a default resulting in penalties being paid and a 60bp increase in newly issued debt.
tonybravada 8 months ago
nice hair cut pete
chroNick546 8 months ago
Great summary Peter.
ILLct 8 months ago
Bernanke is a fool. But he only takes orders from his handlers. He does what he is told to do. Inflate the dollar and default on the Chinese debt. Allow a new world reserve currency to be put into place. Talk about reductions in government spending? How about reducing our military spending which brings us no good and costs us approx. 1 Trillion U.S. Dollars per year.
clearasvodka 8 months ago
@clearasvodka US military = funded by the public , used to protect private business interests.
hablerz 8 months ago
Bernanke knows exactly what he is doing and it's called enabling and buying time for the NWO/Agenda 21 to continue to move foward.
wake up people, you are being corralled as I type
MrGAB4444 8 months ago 2
the fact is that Ben actually knows what he is doing, and what he is doing is crashing the Dollar in order to have a reason to implement a new world currency which his bosses have had in plan for a long time
badstacksize 8 months ago 2
More money printing and inflation will happen. I think it is happening as we speak because we keep sending money to the IMF, which uses that money to bail out Euro banks. We have no money when we are borrowing 42 cents of every dollar we spend. In effect, we are borrowing money to lend to other countries and fund wars in other countries. Brace yourself for more inflation
bertly71 8 months ago
Peter, what do you think of Bitcoin?
semidude 8 months ago
@enoskul02 the paradox of thrift says, the less you spend the more the economy will tank. Sorry, I don't like it either but it is consumerism you know !
DavidAKZ 8 months ago
@UVpirate like the Pope !
DavidAKZ 8 months ago
@AccuracyMarked so inflationary or deflationary depression ?
DavidAKZ 8 months ago
Why M2 is rising not as fast as monetary base?
semidude 8 months ago
the Satanic Seignorage Scheme has got to go....Only the chief of a member bank and his sixteen year old daughter with the brand new Bugatti in the driveway for her sweet sixteenth could love that scam.
2237lemon 8 months ago
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vastell 8 months ago
11 people on Keynesian crack have watched this vid
4nd0mr 8 months ago
@LVrecruiting
no you should shut the fuck up you fuckin fag. you're the fuckin reason why we're collapsing. good luck killing blacks and hispanics for scraps of food.
dumb fuck
seanncali 8 months ago
Hey Peter
Do you think Bernanke watches these blogs? Seems like you think so, but I doubt her does.
kiwicalibre 8 months ago
@enoskul02
borrow not barrow.
class dismissed
ps. no wonder we're collapsing. country is full with ppl like you.
seanncali 8 months ago
I hate Keynesian economics. with that said, I think peter is all wrong, and I like peter. I often hear him use the analogy of getting drunk and sobering up, like spending and borrowing money is the drinking part, and the economy crashing is the withdrawl part.
I say he is wrong because the lifeblood of our economy was drained away and replaced with narcotics. we LIVE on debt now, healthy economic activity actually HURTS our upside down country.
If we sober up we will DIE
AtlasHBS 8 months ago
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Ron Paul 2012!
Leftovervictim1991 8 months ago
10 Keynesians dislike Peter Schiff
zeryphex 8 months ago 2
Your video blogs are a great idea. I love hearing what The Schiff has to say.
zeryphex 8 months ago
yes the same deal out here in aussie.
bullsnutsoz 8 months ago
fuck Bernanke
GVFX 8 months ago
You should get a sound technician if you insist on shouting with a frog voice.
therealaj123 8 months ago
@therealaj123 You have a problem with your hearing!
vambo13257 8 months ago
Deep Blue could do a better job than Bernanke!
dobberdoss 8 months ago
Deep Blue could do a better job than Bernake!
dobberdoss 8 months ago
Mp3s are not only a great gift for kids but also for Bernanke.
Cyrus992 8 months ago
Wouldn't the reduction of the monetary supply, like say 30% as in the great depression, be a bad thing for the economy?