Peter Schiff - Spending More Money is not Economic Growth

[wellingtonian]

What a bunch of keyensian hacks!

[Fig1024]

do these stock traders actually produce anything of value that would justify their high incomes?

[chrisMcG17]

fast talkers...

[Rawego]

they think if they speak faster they sound more professional LOL! gotta love the "experts"

[mohamedbun]

@Rawego exactly! hilarious

[jayangli]

That person was for sure acting just to have a go at schiff, by defending the dollar

[dickinson1027]

The numbers are going up and down!

[Visfen]

These guys have no idea what investment is. Pure traders.

I can understand traders, but in the long run, you need an investment outlook so you don't get caught in macro trends. TA on its' own is a worthless indicator, it's snake oil and that is all that has come out of modern economics worth anything.

[MrRaindog]

I loved it when that guy in the white shirt and striped tie said "Spending money is not economic growth!?" It's like watching a schoolboy being confused by his teacher's lesson.

[OnIineWarrior]

@MrRaindog

Seriously. I also like how he completely misses the point Peter was trying to make and asked what the definition of economic growth is. You can increase consumption by borrowing more money (and spending it) but how long is that "economic growth" going to last? I'm only a community college student so I guess I haven't been brainwashed by the mainstream economic garbage like others have.

[quadcatfly]

CONSUMER SPENDING IS THE ECONOMY !!!!! SPEND AWAY !!!! WELFARE ON DEMAND !!!!

[rudemood2011]

I'd love to see Melissa and Karen french kiss!!!!!!!

[gettingahandle]

Denyal! Punch up! Denyal! Punch up!

[poopingeneral]

Why does it seem that Peter gets pushed down, and tossed around like a rag doll. These stupid television host investors don't know shit, diddly, squat! Peter could class these "television host investors" on anything having to deal with the markets. Once again, Peter is and has been right.

[Arcimowicz]

Petrer starts at 5:04. I love the fact that there are some people who resist this Orwellian propaganda with such strict logic and high leveled economic knowledge.

[slickbtk]

@HiPointMan Of course it is not growth, what are you talking about?

[Vertigo2903]

Melissa Lee is so hot

[BrooklynAnna]

Peter Schiff, a voice of logic and reason amidst the cacophony of imbeciles.

[pro404]

who the hell watches this show other than when mr. schiff is the guest, these guys are just yelling bullshit at each other

[JG1635]

Schiff is the only one talking sense, that hot asian babe is there for eye candy only, and those other clowns are being paid to spread propaganda, anyone who listens to those morons are in for a rude awakening very soon.

[prmd142]

All these financial experts are trying convince each other that everything is fine and dandy and then peter enters and blows their fantasy island away and the host-the lady is almost depressed... I mean just look at her body language... As for the guy who said spending borrowed money is economic growth, I'm just speechless!

[SidneyBou]

It sounds like they were laying in wait for Peter. The real problem is the economy is horrid and may fail if it does people invested in the US loose. Of course it may be another 15 years are so. Now I don’t know when this will collapse but all fiat money systems have failed.

[GreatEconomicDebate]

yea they're wrong but it's good tv, ha!

[ramusling]

It is hard to believe how some parts of mistaken economic theory and fallacious ways of thinking have totally eclipsed the common sense in some "experts"..... The more you spend and the more you owe the better of you are..... LOL. and there are still enough morons in the world who buy into this and keep the dollar which is paper printed like there is no tomorrow.......

[slickbtk]

its funny how this guy is seriously baffled at the notion that printing money and borrowing money and then spending it is not economic growth. how stupid can people be. talk about a learned blockhead

[CFURIN]

Tim Semore has been wrong time and time again! CNBC keeps him around only for his looks.

[piercezh]

@CFURIN

What looks?

[VTAcraft]

This clip will soon be in "Peter Schiff was Right Again".

[itubeutude]

The guy with the red tie was so annoying.

[MrRayRPh]

Is 14 Trillion in debt considered "increasing the money supply"?

Nothing matters but the 14 Trillion debt...nothing!

No wonder this program is called "Fast Money"...let us hope your not leading the sheep to slaughter as they may not be fast enough to get out in time and they'll be pissed.

[xpander33]

Those people have no clue whats heading their way. They are in a make believe fantasy world.