Peter Schiff: The Man Who Called the Collapse

[09Discovery]

0:58 Winnie the Pooh?

[bobby4500]

the dollar is collapsing

gold at 1380$ and eur dollar at 1,42$

[Cirris]

He's not dead on but yes Gold is trading much higher than the time of that show, 748. Gold is now at 1242.

If you played a long term play on gold you've made almost a 40% profit.

The US dollar hasn't collapsed yet like he said. However the Euro is in a huge sell off and it's most likely helping the US dollar remain stable as investors are looking for a safer place to hold currency.

I still have that "worse is yet to come" feeling.

[mzippi123]

Why hasn't someone come up with a Plan to give the money to the people. There are 300,000,000 people in the US 10% of the people make $250,000 up to $30,000,000,000. All we need to do is for the government to give the people making the $250,00 and up a .5% pre tax credit. The 184,000,000 that make $150,000 and under would receive $12,500 per person.Watch MZIPPI123 on you tube, under Economic Crisis Plan. EXECELLENT COMMENTARY AND GREAT PLAN. All it took was one housewife to come up with it.

[Nashy119]

They're either in denial or they are deluded.

If your going to buy time you have to do something useful with that time, if you don't it's just going to get worse.

[kieronj]

'The Chinese are commies!', 'the Russians are Crud' lolz!!!!!!!!!!! idiot!

[SilencerRPMs]

sounds like a propaganda fool

[kieronj]

USA is a sinking ship! It doesnt have a real manufacturing economy its just a bloated, in debt, morally dubious country nowadays and the rest of the world is laughing

[2012nugget]

I truley hope it doesnt sink , the rest of the world is based on the dollar , u.s. sinks , we all get wet . Dont be ignorant and get caught laughing when it will affect you no matter where you live . OnePeace

[SilencerRPMs]

its true that everyone will get wet. Well the current world economic crisis has proven that they too have hit the water. They were on our boat and we sank it. They will eventually have their own boat and will be safer then they are now.

[unearth1980]

But we are already living that way, At least we could adopt , how about you americans?

[2012nugget]

Dont be silly,"we" Americans,get by day to day same as the rest of the world. 1% of the worlds population holds the worlds wealth.They are the ones who should answer for their greed. OnePeace

[atheistnarnia]

This is so fun to watch, better than MTV reality bullshit

[redritehand]

0:54 lol... schiff is the man

[SilkSwe]

Haha. And then there's Winnie the Pooh walking by in the background. ^^

[He101A]

Peter is the man, he knows what he is talking about.

[mjolnir112]

Having him stand rather than sit gives me the impression of a professor lecturing his students...perhaps not the impression they intended though!

[k24bfan]

Dollar won't last the Fed is fighting deflation to the bitter end. Thus hyperinflation is the only option. Our economy is mostly consumption and based on credit and debt. Logically it won't last. The banks are insolvent look at iceland. We are not too big to fail. We will fail it will just be bigger and worse. The poor and middle class will suffer the most. The government is making all the wrong moves.

[jcamp165]

All of them keep arguing with Schiff. It's ridiculous; they need to stop trying to sound smart and be ahead of the game, and get real. Schiff's advice is realistic & long-term. We aren't learning from our mistakes, even as things are collapsing, people are trying to figure out angles and make money off the collapse. Certain things have to be allowed to fail, so that areas can be healed and brought back up more stable.

[McConsumer]

notice how they have him standing.

[kealanom]

Peter Schiff calls it right every time. Of course other ecomomists and fund managers are going to talk up the market, they are just trying to keep their job, but they all surely know the painful truth by now. Obama is going to inherit a nightmare.

[GodHatesFlags]

America is doomed! LOL Too Late to Pray!

[thirstybullet]

look at those morons trying to discredit Peter Schiff. What buffoons.

[lnternetHaetMachine]

These fucking assholes are like parodies of themselves.

[dreiss]

Who cares if people are going to get hurt, we got a theory to uphold.

[darkreign16]

I am going to laugh my ass off when Schiff is proven right AGAIN. hAHAHHA.

[StruthersOhio]

Peter Schiff mentioned our "phony economy" in explaining this and I think that says it all! We got a phony president to push us into a phony war in Iraq which explains our phony war on terror and phony housing deals on a phony Wall Street.

[stapledtodeath]

c'mon peter: we export culture and financial services. well, scratch the later one...

[Sadistex]

On second thought, scratch the first one too. It gets exported by pirating on the internet.

[stapledtodeath]

true enough for hollywood and the silver screen, but the americans are largely responsible for new media too. some alliteration: innovations in IT infrastructure!

[stesch]

The web was "invented" by a Brit in Switzerland.

[TheCZMan]

Ummmm well, not really, US culture gets exported by the appeal of living in the US.

As people wanted to join the US and get a similar lifestyle, they also practise a cultural conversion to the US culture.

This is probably the biggest change to come because indeed, it can be felt that people will no longer lust for the US lifestyle therefore dropping their taste for US culture. Probably China is going to fill the vaccuum.

[tooltalk]

Well, the US still has its aviation business (#1 export); though I suspect, as its military declines over next couple of decades, it won't have the same kind of military/economic influence to maintain its market.

[cucarachasboludas]

Airbus

[tooltalk]

No, what I mean is, the aviation business is US's #1 export, followed by financial services (well, I guess this is no longer true, but in pre-crisis era the world envied the US's financial *fradulent* might), agriculture, etc, etc.

[jove04]

Americans think they have democracy but it is all illusions. The country is actually controlled and run by a few criminals in the background. All elected officials including the President work for these few gangsters. These are the same guys who executed 911.

Obama is hiring them back because he himself is a powerless tiny front man. Rahm Emanuel is an Israeli Mossad agent. What does that tell you?

America's collapse has started. It is for sure going to completely collapse in 2009.

[pa226p]

Yep! I say stop the bail outs and just pull the band aid off and get it over with.

[hmm7777]

cant these fukn cnbc assholes give Peter Schiff a seat?? what a way to treat a guest fukn assholes. the cunts are probably bitter that he has got it right.

[kent6608]

Peter the king

[hummarstra]

When posting market related videos please indicate the date please. Thanks.

[PopulistParty]

good idea. added it to the description.

[guslingus]

Goodbye Greenback thanks to Greenspan.