Does anyone else think there is something fishy about Warren Buffet buying $5billion worth of Bank of America? It doesn't seem to fit his criteria for selecting stocks...
Most, if not all the politicians that are in office, have been bought off, paid off, manipukated in some way to do the will of the corporations, all in acts of GREED to RIP us off, and keep us POOR here in america. Wakle up people the devil is already here in the world, Turn from sin, accept Jesus christ as your savior, and do the right thing. Vote these bad politicians out of office, do away with the federal reserve system, and we will become a great nation again. But if u dont, It will be hell
One more thing i want to add, NOW is a great time to TURN to JESUS CHRIST, our lord and savior of the world. Also, vote for RON PAUL...If you dont, it is curtains for america.. The american dream was just a scam, and a falsehood..
By the way, most of you probably dont know that the FEDERAL RESERVE BANK is not even part of the government. It is a PRIVATE BANK OWNED BY PRIVATE INDIVIDUALS. You cant even AUDIT the FEDERAL RESERVE, There the only coporation in america that is not open to public inspection, every other company is open to audits.. Why ? Because they dont want you to know about the money they have been stealing since 1913. The illegal act of implementing the federal reserve system. Godless society.
The FEDERAL RESERVE is the CULPRIT , it is not OBAMA or anyone in congress, they are controlled and bought and paid off by the BANKERS and the players behind the scenes. The FOCUS must remain on OBLISHING the FEDERAL RESERVE BANK. and let the Government print the money again like it did in lincolns days with Greenbacks. If you want more info on this, just go to prison planet dot com or info wars dot com - alex jones is a good source of information..
saving money this way or that way is not perm solutions. The problem is that country as a whole got used to this system fo wastefulness and energy problems will constrain more and more as every year less and less oil, coal, natural gas will come out from ground. Some people say we can extract more - which means death thru exhaustions
get rid of the dept. of education, the dept. of energy, and the dept. of homeland security !! we'll save hundreds of billions of dollars right there !! we don't need these bullshit worthless bureaucracies. we need to start cutting special interest projects that only puts money into multinational corporate bank accounts. but no, our corrupt politicians, will continue their bullshit left/right dance. the true puppet masters want the dollar to go bust. and that's the music bernanke plays too !!
We need to default to make the government back onto the Constitution like it's suppose to be in the first place!! This will also aid in ending the Fed because they won't be able to buy anymore bonds, because we won't be able to pay them! We the People need to start sleeping thinking we are free an live in a wonderful country, wake up! We are no free! We the People need to stand up for our right and freedom! Ron Paul 2012!
Obama said "we don't manage our affairs in three month increments". Maybe he SHOULD do the budget in three month increments so that the numbers are in hundreds of billions instead of trillions. It looks less absurd that way.
damn did you hear the questions that reported asked? wow i wanna see the cnn and foxnews reporters ask questions like that. all they ask is, what the weather looks like for tomorrow. smart girl on RT
I seem to hear the rumble of a cracking dam approaching, valueless money, non productive society, innovation pulled to almost stop, reliance on foreign slave work produced goods, cockiness, pride, under education and ignorance, bully attitude, prepotence, overweight lazy population, did I miss anything else? OH! You can buy guns and drugs almost as easily as moral values were lost. The system will be remembered but not missed. Lesson learnt.
Here's a big longterm solution for you Barry. Close down your wars. There is no way to control spending and try to conquer the world at the same time. Your wars cost a billion dollars a day.
@straighttailpilot Sorry to say, it's us as voters that aren't listening. I think him and Romney would be the ticket to get this country back on track.
@straighttailpilot The government doesn't listen to this guy because the banksters control it. Government for the people by the people doesn't exist in the United States anymore. The President is a traitor. Well, he would be if he was a citizen of the United States.
Why would Social Security be the first to go anyway when CURRENT workers are paying into what was supposed to be a separate fund every month? If they aren't paying the seniors with what they take out of my check, I want my money back.
What is interesting is that BBC points out the debt limit has been raised 10 times since 2001. True, but why stop there? It has been raised 62 times in a row since 1963. How can anyone trust the US on not raising it again and again? If it will be lowered then just for public appeal. In 1963. it was lowered by 5 billion and then a week later raised by 7 billion on which the row started.
With all due respect to the opinions of others, Peter Schiff is the most well-spoken sensible economist I have ever heard. I enjoy his radio show weekdays on Schiffradio too.
This girl falls into Obama's verbal trap of lies when she says, "What if we don't raise the debt ceiling and default." That is framing the facts wrong. Raising the debt ceiling is just opening another credit card to add to our woes and pay off others that are maxed out. The only responsible thing to do for our creditors is to not add new debt and slowly pay off our debts. And we don't need new borrowing to avoid default. We can use tax revenue. We have plenty to pay bond holders. Obama lies.
I agree with Schiff. we need to reduce spending. i would start with all of those prisons and wars that the Republicans started. Texas is all Republican and is like one big jail. Need to stop making all those laws and stop incarcerating so many. its too damn expensive. Second, stop the wars, get out of Afghan and Iraq. Also, stop bombing Libya. Those two actions should help cut expenses. Even more?? third, stop giving public service employees so high of pay/ benefits(police pensions)
Why do stupid monkeys seem to ask stupid questions. It is becouse ypu are a coward,
Wht happens now, when a cunt like you, when your mom and dad cant afford the fact that they raise a stotty nosed cunt that has always depended on the attitude , and looks, but scum likeyou. Shut up bitch, you suck.'
@dododunfer If they do its the Christians fault for allowing them to control their accounting and business for so long. Superstition is ignorance, ignorance is not so bliss..
Also, who are these "Jews" that rule the world? What are their names?
So Obama doesn't like deadlines? Lets not pretend he didn't see this coming years before he took office. Do not raise the debt ceiling. The market will react & the ones with the most to lose....will lose the most. Bankers, corporate elites, Rockefeller's. Your already treading water, your already in a depression, they refuse to acknowledge it. Who cares about ratings agencies when were all on the same sinking ship.
What exactly does default mean, delaying payments on the debt or just cancelling them outright? Either way, how is it a bad thing? The only people that would lose would be those that invested in the government and at the promise of future tax dollars. I'm fine with that.
@Houshalter It's bad. No one will lend the US money, interest rates rise incredibly, business retracts, much higher unemployment, ...it would be a terrible situation, and an inevitable one unfortunately. Furthermore this would impact the entire world similarly. Economic events of this scale are often followed by massive social upheaval and regime change.
@4thstuning I don't see how those things are connected other than the US not being able to borrow any more money, which I think would be a good thing in the long run.
@Houshalter When the bond market looses confidence their risk premium for their loans increases, aka interest. When interest increases even slightly, the US govt must divert more revenue (currently ~$290B) to pay interest on the debt. When interest increases, business decreases as the cost of projects increases. As less projects are initiated and more projects are halted business contracts and people are laid off. Read about the economics behind the French revolution and Wiemar republic.
@4thstuning if it defaults on it's debt, then why would it divert more revenue to pay for the debt in the first place? Interest rates are also not tied to the risk on government debt. Interest is determined by people's time preferences plus risk, and government debt doesn't affect independent projects.
@Houshalter 1st question: If in default, the govt wouldn't divert revenue to pay for debt - nor did I imply it would, reread my post. I was referring to how confidence affects the the bond market demand for interest.
2nd quest: Governments risking default tend to print money which causes inflation which ultimately raises interest rates for everyone. Govts in default lead to bank collapses which greatly reduces available capital for private loans. It's all interconnected.
@4thstuning only if it prints money to pay for it, which isn't really default. I meant as in, if it just cancelled the debt completely.
If the banks really do have a large portion of their assets tied up in government bonds, then so be it. Either they take the loss or the taxpayer does.
@Houshalter 1st statement: Paying principle and interest in devalued currency IS default - the lender takes a loss because the borrower did not meet the loan agreement, a default.
2nd statement: That's one of the purposes of central banks - to absorb bonds from govt. The entire banking system is loaded with treasuries because they have the implicit guarantee of taxpayer bailout.
Let's end this because your questions lead me to believe you can't understand my responses.
If people ran their personal finances like the government manages it's affairs of this country, we would all be in the streets. We are already on a path to becoming Greece. California pretty much already is... History repeats. We just continue acting like Rome during the fall of Roman Empire..same path. Amazingly similar.
Alternatively, if the value of the dollar drops dramatically around the world which is about to happen (just like Ancient Rome)..Gas will triple, and so will food.
I see through the president like a fallen angel standing in the presence of god. He wants to raise the debt ceiling past 2012 so he can get votes. I hope they raise the debt ceiling right before he starts to campaign for 2012. That will cause him to lose the election. Thumbs up if I'm right.
Obama is very very smart or I should say deceptive. He knows exactly what he is doing. He wants the collapse of the "Evil American Empire" to bring about his idea of utopia. Obama knows exactly what he is doing. Corner the Republicans to where they will be blamed for the collapse of the US Economy. Obama will escape the blame. Sad state of affairs indeed.
I'm just wondering though, what happens if we switch or start switching to a gold-backed currency? Does that mean anyone who has fiat dollars loses out?
funny how peter always gets a laugh at his predictions at some point in his interviews. meanwhile, what he's saying has happened and likely will happen going fwd.
@mattandpatti222 You're a disgusting collectivist, just like the Commies and Socialists in Washington. Real Americans don't criticize people for what group they were born into, we judge them based on what actions they've taken in their lives. Go to hell. Thanks.
@sluv2600 um....CIA Director Panetta was the one calling the shots. BO hesitated and feared if it was botched, it would ruin his 2012 candidacy. Panetta ENCOURAGED & assured him the team in the mission would not let them down. But lets get back to the issue here. Just a week ago, Speaker Boehner, (d) Rep. Reid and other well noted Democrats agreed to TWO deals to end this fiasco. What did the POTUS do? He VETOED it TWICE. Yeah, he's a great statesman alright...
The Law of the Jungle when you can not feed your children, you are not as concerned that the president is partial African or not. Its about water, food and shelter at that point.
Lets see this debt was created when the Rothschild controled and owned private (NOT) Federal Reserve Bank Corporation created out of thin air at no cost in secret digitized the FEDERAL RESERVE NOTE aka US Dollar then loaned it to the sold out puppet whore installed US government. A FALSE NATIONAL DEBT then sold (shifted) to other Rothschild Controled Central Banks you call this a debt. Go to the US gov computer and create your own dam digitized fiat money and pay off the false national debt.
The Ames, Iowa Straw poll is scheduled to take place on August 13, 2011. Because of this, it is imperative to catapult Ron Paul to victory in the straw poll. On July 19, 2011, we will hold an online money bomb in support of Ron Paul for President 2012, with the goal to win the Ames, Iowa straw poll.
Please invite all your friends and help Ron Paul end our costly military involvements overseas, shrink the size of our government and restore the republic
It will NOT hurt the United States. It will hurt all the government pensions, NPR, PBS, Planned Parenthood, professor salaries, teachers and all the other overpaid leeches. Maybe if we cut their pay they can come over an paint your house for $50.
What evidence does Obama have not raisng the debt ceiling will create a recession. Obama stfu. We need to increase interest rates so people with bank accounts don't go broke.
Hey Peter, why do you always have these hacks on your show like Celente (an idiot) and Faber and other one-sided views? Why dont you have Mike Stathis on your show, or are you afraid to be upstaged? That's what I thought. Stathis isnt a gold manipulator.
@TheHedgefundguy What is wrong with Marc Faber he is wise and a legend your the moron, he has traveled the world making good investments and is considered among the wisest economist. Ceelente is an idiot i agree on him.
@Ethioness I have watched a documentary on russian towns where the average age is 52 due to no work ,future and over consumption of vodka! so it works both ways and although most mainstream media is propaganda at least they work both ways.And there is severe problems with the global financial system it is here and will escalate.
Peter will finally get his revenge for his father. He wants US to collapse and it's gonna happen. I just don't understand his US supposedly dissident, intellectual followers, what's there for them in what Schiff is predicting?
He doesn't WANT the U.S. to collapse, he's predicting the U.S. will collapse based on the policies of the federal government in conjunction with the fed. It's economics 101. When you spend beyond your means, eventually you go bankrupt. It's that simple. There's no special economic law excluding whole countries from this reality. Basically nobody wants the U.S. to collapse as that would mean economic turmoil for the world, but the U.S. is already in the process, debt limit or not.
@myhipsi Slight correction, there are most definitely those who want the US to collapse as part of an overall World consolidation effort, if the US goes it all goes. The current world economic climate is being fueled or at minimum allowed to happen as a gate way to an engineered chaos so that an already planned solution (World Govnerment, world monetary system) can be introduced; order out of chaos.
Totally hilarious! We defaulted back in 71 by telling the rest of the world we are no longer going to pay back our dollar obligations in gold (gold certificates) and that for now on, we will be paying them in "I owe you nothings" (federal reserve notes). Now they don't want us to default again, by telling them we are no longer going to pay them in "I owe you nothings". LOL
@jjenson2006 ... I'm guessing less than 10% of Americans know that. I found it humorous too. While you're right, I just want to add ... they ALWAYS raise the debt limit. They just like to scare people.
@msinlasvegas There is no credit limit. There's just an imaginary number they use to get the creditors to believe that we're actually going to pay it back. After all, if we told them we don't have a credit limit, it would be like saying "there's no point in paying it back as we can always pay the interest with part of the money we borrow infinitely". Seriously though, there's no way we're going to pay it back anyway. The payback will come from the printing press which is really just a default.
Peter, give President Urkel hell. He is lying. America can pay its debts. It can pay its seniors. What it can't also pay for is the BLOATED government. The government will have to shrink.
The Republicans will increase the debt ceiling when President Urkel SHRINKS the government. But the Republicans need to get that message out.
The one area that I disagree with Peter is that we cannot do it overnight. $1.5 trillion out of $3.5 trillion is too much.
@tyrionoutrider and what will happen in a year or 2 when we get to this point again? At some point your going to need to jump out that 2nd story window to safety, or be burned by the fire. What sounds better to you? We have "risked" default by deficit spending. Obama's saying we will not risk that is the exact opposite of how this country has been acting. He says one thing and does another....
@tyrionoutrider Markets would panic in the short term, but if 1/3rd of the government continues to be funded by debt, the currency, economy, and markets will be destroyed eventually.
Obama sure did a heck of a job pulling the wool over all those minority and college voters...You all got what you asked for "change" You forgot to ask him if the "change" was going to be good or bad..You all were so suckered! lol
President Payday-Loan ''Owe''bama is such a clown. Just listen to how he speaks. Owebama is like the average American homeowner. Treats the country like an ATM (he actually has access to one that prints day and night, non-stop at the Federal Reserve as ''Federal'' as Federal Express) and now the country is close to the brink of collapse and foreclosure. The ceiling will get raised. The real terrorists are not in the sands of the Middle East rather in the Washington D.C. Glad I left US(S)A.
@judutchinski I think he misspoke. From the description I got from him before, it is more like a gold-backed debit card. No credit, rather transactions made based on your precious metal holdings.
So 14 trillion debt with 2 trillion income is like you making $50,000/yr buying a $350,000 house. Pretty stupid, and only re-payable with low interest rates. If interest was at 6% it could bankrupt the US.
You have to love paper money. Costs pennies to create this money, yet you can use this "money" to buy real things. So essentially we give China paper for real goods. If the dollar collapses, then what do they own?
If we dont raise the debt ceiling , we can still pay our bills.
Now the luxury items like our empire of 700 military bases in 150 countires , farm subsidies, bank bailouts, foreign aid, illegal immigrant welfare, Dpt of Homeland security , TSA , etc, etc, etc, etc, etc.
Holy TITS-tacular!!!
aegisgfx 2 months ago
If Peter ran for president against Obama, I'd vote for Peter... AND I'M BLACK.
deimos420 5 months ago 3
She asks the questions... and you can tell it just goes over her head cause she's brainwashed.
HandyMan101 5 months ago
Does anyone else think there is something fishy about Warren Buffet buying $5billion worth of Bank of America? It doesn't seem to fit his criteria for selecting stocks...
CamsLiveVideo 5 months ago
Ron Paul should appoint Schiff as Fed Chairman once he's elected. I can't think of a better man to shut it down.
KenMacMillan 6 months ago
Most, if not all the politicians that are in office, have been bought off, paid off, manipukated in some way to do the will of the corporations, all in acts of GREED to RIP us off, and keep us POOR here in america. Wakle up people the devil is already here in the world, Turn from sin, accept Jesus christ as your savior, and do the right thing. Vote these bad politicians out of office, do away with the federal reserve system, and we will become a great nation again. But if u dont, It will be hell
michaelmyers23 6 months ago
One more thing i want to add, NOW is a great time to TURN to JESUS CHRIST, our lord and savior of the world. Also, vote for RON PAUL...If you dont, it is curtains for america.. The american dream was just a scam, and a falsehood..
michaelmyers23 6 months ago
By the way, most of you probably dont know that the FEDERAL RESERVE BANK is not even part of the government. It is a PRIVATE BANK OWNED BY PRIVATE INDIVIDUALS. You cant even AUDIT the FEDERAL RESERVE, There the only coporation in america that is not open to public inspection, every other company is open to audits.. Why ? Because they dont want you to know about the money they have been stealing since 1913. The illegal act of implementing the federal reserve system. Godless society.
michaelmyers23 6 months ago
The FEDERAL RESERVE is the CULPRIT , it is not OBAMA or anyone in congress, they are controlled and bought and paid off by the BANKERS and the players behind the scenes. The FOCUS must remain on OBLISHING the FEDERAL RESERVE BANK. and let the Government print the money again like it did in lincolns days with Greenbacks. If you want more info on this, just go to prison planet dot com or info wars dot com - alex jones is a good source of information..
michaelmyers23 6 months ago
Comment removed
001MeTaBoLiC100 6 months ago
My credit card interest rate is already 25% how much higher can it go? Loan sharks...NOT banks.
Spydiggity 6 months ago
Why US people should vote Ron Paul
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eliasmouawad 6 months ago
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ecnerwal999 6 months ago
Got milk? how about gold? the baby never know what is gold, remember you are the one who feed yourself not the babies.
jnnycliff 6 months ago
@HashSmokerDude420 Brazilian not spanish... they from Portugal.
softer26 6 months ago
search for local jobs careerstartnow .info just got an interview
graciecamacho55 6 months ago
This has been flagged as spam show
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landonrangel688 6 months ago
saving money this way or that way is not perm solutions. The problem is that country as a whole got used to this system fo wastefulness and energy problems will constrain more and more as every year less and less oil, coal, natural gas will come out from ground. Some people say we can extract more - which means death thru exhaustions
symmetry08 6 months ago
Peter Schiff is so right on!!!
AGAIN!!!!
ShefBill 6 months ago
Peter Schiff is so right on!!!
ShefBill 6 months ago
id lick her ass -its any day
rocky038 6 months ago
This has been flagged as spam show
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He has never voted to increase the power of the executive branch.
He voted against the Patriot Act.
He voted against the Iraq War.
He returns a portion of his annual congressional office budget to the U.S. Treasury every year.
1XMarksSpot 6 months ago
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1XMarksSpot 6 months ago
I wish more people would listen to what Peter Schiff says and has been saying all along!
534jungle 7 months ago
get rid of the dept. of education, the dept. of energy, and the dept. of homeland security !! we'll save hundreds of billions of dollars right there !! we don't need these bullshit worthless bureaucracies. we need to start cutting special interest projects that only puts money into multinational corporate bank accounts. but no, our corrupt politicians, will continue their bullshit left/right dance. the true puppet masters want the dollar to go bust. and that's the music bernanke plays too !!
napalmvoododaddy 7 months ago
This has been flagged as spam show
ron paul 2012
bradleymxz 7 months ago
We need to default to make the government back onto the Constitution like it's suppose to be in the first place!! This will also aid in ending the Fed because they won't be able to buy anymore bonds, because we won't be able to pay them! We the People need to start sleeping thinking we are free an live in a wonderful country, wake up! We are no free! We the People need to stand up for our right and freedom! Ron Paul 2012!
stbartels12 7 months ago
probably a few months from collapse if no agreement reached.. d..
DuvallSilver 7 months ago
What I don't understand Peter, is why you are still accepting subscriptions in USD, even if there is a free hat included.
kenwoodthechef 7 months ago
uh, stop the presses. Today, Jul 24, 2011, Timothy Geitner said the US will not default. Knowing this makes Peter's comments completely different.
TheVarianWrynn 7 months ago
Obama was voted for his change vision, that change is America to face reality and its spending irresponsibility.
maltodextrin1000 7 months ago
the smartest newscaster on the planet for sure. Those questions show she listens and understands these complex issues.
rockislotis 7 months ago
Obama said "we don't manage our affairs in three month increments". Maybe he SHOULD do the budget in three month increments so that the numbers are in hundreds of billions instead of trillions. It looks less absurd that way.
markand4503 7 months ago
damn did you hear the questions that reported asked? wow i wanna see the cnn and foxnews reporters ask questions like that. all they ask is, what the weather looks like for tomorrow. smart girl on RT
al999ify 7 months ago
I seem to hear the rumble of a cracking dam approaching, valueless money, non productive society, innovation pulled to almost stop, reliance on foreign slave work produced goods, cockiness, pride, under education and ignorance, bully attitude, prepotence, overweight lazy population, did I miss anything else? OH! You can buy guns and drugs almost as easily as moral values were lost. The system will be remembered but not missed. Lesson learnt.
OSCARINACOSTA72 7 months ago
I ll bet Peter wished he had hair like her
alex630710 7 months ago
The host was so hot, I didn't pay much attention to what Schiff said.
EconCat88 7 months ago
Here's a big longterm solution for you Barry. Close down your wars. There is no way to control spending and try to conquer the world at the same time. Your wars cost a billion dollars a day.
txsray1 7 months ago 2
At 8:30 "I think [gold] will be at a record high [against the USD] shortly"
Looks like Peter nailed that one.
dmgoddard 7 months ago 2
Why doesnt the government listen to this guy. He has predicted EVERY SINGLE STEP OF THE WAY! HELLOOOO!!!!
straighttailpilot 7 months ago 19
@straighttailpilot Sorry to say, it's us as voters that aren't listening. I think him and Romney would be the ticket to get this country back on track.
gpguy25 7 months ago
@gpguy25 I couldnt agree more with you. its sad.
straighttailpilot 7 months ago
@straighttailpilot The government doesn't listen to this guy because the banksters control it. Government for the people by the people doesn't exist in the United States anymore. The President is a traitor. Well, he would be if he was a citizen of the United States.
Blackbirdisms 5 months ago
@Blackbirdisms sure, but the point is that even BANKS want to make money so why would they not listen to this dude! HES A FREAKING GENIUS! LOL!
straighttailpilot 5 months ago
@straighttailpilot Sorry for the misread. :)
Blackbirdisms 5 months ago
Comment removed
Artfryne 7 months ago
Why would Social Security be the first to go anyway when CURRENT workers are paying into what was supposed to be a separate fund every month? If they aren't paying the seniors with what they take out of my check, I want my money back.
LobFest 7 months ago 2
@dododunfer I'm not sorry, your right, the JEWS as in TRIBE of JUDAH will rule the EARTH! the JEW-ish synagogue of Satan will NOT!
mattandpatti222 7 months ago
They've been spending beyond their means since 1931.
sexydarin1 7 months ago
What is interesting is that BBC points out the debt limit has been raised 10 times since 2001. True, but why stop there? It has been raised 62 times in a row since 1963. How can anyone trust the US on not raising it again and again? If it will be lowered then just for public appeal. In 1963. it was lowered by 5 billion and then a week later raised by 7 billion on which the row started.
Stop messing around with your ratings...
Pendrokar 7 months ago
Defaulting is like declaring bankruptcy.
Sometimes the best thing you can.
The creditors are thiefs. Let them see how it feels to not get money. Default Now!!
ckellyllc 7 months ago
Is Obamas hair becoming grey?
toddi1971 7 months ago
With all due respect to the opinions of others, Peter Schiff is the most well-spoken sensible economist I have ever heard. I enjoy his radio show weekdays on Schiffradio too.
DexterHaven49 7 months ago
This girl falls into Obama's verbal trap of lies when she says, "What if we don't raise the debt ceiling and default." That is framing the facts wrong. Raising the debt ceiling is just opening another credit card to add to our woes and pay off others that are maxed out. The only responsible thing to do for our creditors is to not add new debt and slowly pay off our debts. And we don't need new borrowing to avoid default. We can use tax revenue. We have plenty to pay bond holders. Obama lies.
DexterHaven49 7 months ago
why so many trolls on here?
all new accounts too! wtf is this? fucking troll for hire!
eliden 7 months ago
Peter Schiff:
"Our sconomy is based now on a printing money"
WOW!!!
Such a good economical model!
softer26 7 months ago
I agree with Schiff. we need to reduce spending. i would start with all of those prisons and wars that the Republicans started. Texas is all Republican and is like one big jail. Need to stop making all those laws and stop incarcerating so many. its too damn expensive. Second, stop the wars, get out of Afghan and Iraq. Also, stop bombing Libya. Those two actions should help cut expenses. Even more?? third, stop giving public service employees so high of pay/ benefits(police pensions)
Romulan112 7 months ago
Sarah palin for president! 2012! She is real leader))))))))
Anyway, the crisis is not over, but at least we all laugh good from such situation!
softer26 7 months ago
Peter Schiff is a man who speaks his mind and doesn't mince words. No wonder he lost the Senate election!
truevoice08 7 months ago 6
Has anyone ever wondered why Obama looks so much like Osama Bin Laden?
jamezbond78 7 months ago
I would appreciate it if you wou shut up.
Dude, you sound like a fucking bitch.
sparkyszone 7 months ago
Is it me, or does he look pale and like he aged 30 years?
AngriestAmerican 7 months ago
US will default. It's only a matter of time. Its coming.
ThinkReal 7 months ago
I would. I fould feed cunts like you to the fish.
True.
sparkyszone 7 months ago
Why do stupid monkeys seem to ask stupid questions. It is becouse ypu are a coward,
Wht happens now, when a cunt like you, when your mom and dad cant afford the fact that they raise a stotty nosed cunt that has always depended on the attitude , and looks, but scum likeyou. Shut up bitch, you suck.'
sparkyszone 7 months ago
@dododunfer If they do its the Christians fault for allowing them to control their accounting and business for so long. Superstition is ignorance, ignorance is not so bliss..
Also, who are these "Jews" that rule the world? What are their names?
Martial024 7 months ago
Schiff is right, there's just no way out for the American dollar...unless Ron Paul gets elected.
4thstuning 7 months ago
can we please get peter schiff in office 2012!!!
soup3097 7 months ago 2
So Obama doesn't like deadlines? Lets not pretend he didn't see this coming years before he took office. Do not raise the debt ceiling. The market will react & the ones with the most to lose....will lose the most. Bankers, corporate elites, Rockefeller's. Your already treading water, your already in a depression, they refuse to acknowledge it. Who cares about ratings agencies when were all on the same sinking ship.
markymark7717 7 months ago
What exactly does default mean, delaying payments on the debt or just cancelling them outright? Either way, how is it a bad thing? The only people that would lose would be those that invested in the government and at the promise of future tax dollars. I'm fine with that.
Houshalter 7 months ago
@Houshalter It's bad. No one will lend the US money, interest rates rise incredibly, business retracts, much higher unemployment, ...it would be a terrible situation, and an inevitable one unfortunately. Furthermore this would impact the entire world similarly. Economic events of this scale are often followed by massive social upheaval and regime change.
4thstuning 7 months ago
@4thstuning I don't see how those things are connected other than the US not being able to borrow any more money, which I think would be a good thing in the long run.
Houshalter 7 months ago
@Houshalter When the bond market looses confidence their risk premium for their loans increases, aka interest. When interest increases even slightly, the US govt must divert more revenue (currently ~$290B) to pay interest on the debt. When interest increases, business decreases as the cost of projects increases. As less projects are initiated and more projects are halted business contracts and people are laid off. Read about the economics behind the French revolution and Wiemar republic.
4thstuning 7 months ago
@4thstuning if it defaults on it's debt, then why would it divert more revenue to pay for the debt in the first place? Interest rates are also not tied to the risk on government debt. Interest is determined by people's time preferences plus risk, and government debt doesn't affect independent projects.
Houshalter 7 months ago
@Houshalter 1st question: If in default, the govt wouldn't divert revenue to pay for debt - nor did I imply it would, reread my post. I was referring to how confidence affects the the bond market demand for interest.
2nd quest: Governments risking default tend to print money which causes inflation which ultimately raises interest rates for everyone. Govts in default lead to bank collapses which greatly reduces available capital for private loans. It's all interconnected.
4thstuning 7 months ago
@4thstuning only if it prints money to pay for it, which isn't really default. I meant as in, if it just cancelled the debt completely.
If the banks really do have a large portion of their assets tied up in government bonds, then so be it. Either they take the loss or the taxpayer does.
Houshalter 7 months ago
@Houshalter 1st statement: Paying principle and interest in devalued currency IS default - the lender takes a loss because the borrower did not meet the loan agreement, a default.
2nd statement: That's one of the purposes of central banks - to absorb bonds from govt. The entire banking system is loaded with treasuries because they have the implicit guarantee of taxpayer bailout.
Let's end this because your questions lead me to believe you can't understand my responses.
4thstuning 7 months ago
If people ran their personal finances like the government manages it's affairs of this country, we would all be in the streets. We are already on a path to becoming Greece. California pretty much already is... History repeats. We just continue acting like Rome during the fall of Roman Empire..same path. Amazingly similar.
Alternatively, if the value of the dollar drops dramatically around the world which is about to happen (just like Ancient Rome)..Gas will triple, and so will food.
norwaykieran 7 months ago
I see through the president like a fallen angel standing in the presence of god. He wants to raise the debt ceiling past 2012 so he can get votes. I hope they raise the debt ceiling right before he starts to campaign for 2012. That will cause him to lose the election. Thumbs up if I'm right.
louis345 7 months ago
Obama is very very smart or I should say deceptive. He knows exactly what he is doing. He wants the collapse of the "Evil American Empire" to bring about his idea of utopia. Obama knows exactly what he is doing. Corner the Republicans to where they will be blamed for the collapse of the US Economy. Obama will escape the blame. Sad state of affairs indeed.
WhereDidItAllGo7 7 months ago
Is she wearing a bathing suit! Oh my!
WhereDidItAllGo7 7 months ago
I'm just wondering though, what happens if we switch or start switching to a gold-backed currency? Does that mean anyone who has fiat dollars loses out?
13lackLight 7 months ago
funny how peter always gets a laugh at his predictions at some point in his interviews. meanwhile, what he's saying has happened and likely will happen going fwd.
capgains 7 months ago
Peter SH.. BIG NOSE JEW-ish SCUM!
mattandpatti222 7 months ago
@mattandpatti222 You're a disgusting collectivist, just like the Commies and Socialists in Washington. Real Americans don't criticize people for what group they were born into, we judge them based on what actions they've taken in their lives. Go to hell. Thanks.
SpicyItalian739 7 months ago
Easy - raise it to 20T.
yaplonglong 7 months ago
Obama is like a sailboat he only moves when blown
c00per69 7 months ago 3
@c00per69 wasn't that Clinton?
Maza675 7 months ago
Obama is incapable of making tough decisions.
XulChris 7 months ago 28
@XulChris
well thats why obama is not deciding anything. his masters do. :-)
maddies1 7 months ago
@XulChris You act like one man has that kindof power..remember..hes the puppet..
Debatewithme 7 months ago
@XulChris
How about making the tough decision to go into Pakistan and take out Osama?
sluv2600 7 months ago
@sluv2600 How is that a tough decision?
XulChris 7 months ago
@sluv2600 um....CIA Director Panetta was the one calling the shots. BO hesitated and feared if it was botched, it would ruin his 2012 candidacy. Panetta ENCOURAGED & assured him the team in the mission would not let them down. But lets get back to the issue here. Just a week ago, Speaker Boehner, (d) Rep. Reid and other well noted Democrats agreed to TWO deals to end this fiasco. What did the POTUS do? He VETOED it TWICE. Yeah, he's a great statesman alright...
QuoEstVeritasEh 7 months ago
@XulChris Wrong! He is not able to make any decisions. He is just a marionette, a talking face with big ears.
coturnix19 6 months ago
@XulChris I disagree, Obama is fully capable of making tough decisions. He just makes poor decisions.
HandyMan101 5 months ago
This has been flagged as spam show
I would love to see Peter run with Ron Paul! Ron Paul 2012
brklynmd3 7 months ago
4:00 "...create ANOTHER recession"? We never got out of the FIRST one! =>[.]<=
Raycheetah 7 months ago
The Law of the Jungle when you can not feed your children, you are not as concerned that the president is partial African or not. Its about water, food and shelter at that point.
TheTime4solutions 7 months ago
Lets see this debt was created when the Rothschild controled and owned private (NOT) Federal Reserve Bank Corporation created out of thin air at no cost in secret digitized the FEDERAL RESERVE NOTE aka US Dollar then loaned it to the sold out puppet whore installed US government. A FALSE NATIONAL DEBT then sold (shifted) to other Rothschild Controled Central Banks you call this a debt. Go to the US gov computer and create your own dam digitized fiat money and pay off the false national debt.
TheTime4solutions 7 months ago
Obama's hair is graying more everyday. Stress must be getting to him.
reba4007 7 months ago
I already saw this video but I am drunk and just wanted to see the nice tits again.
Truthpolice9698 7 months ago
This has been flagged as spam show
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theleemeister 7 months ago
PRINT, PRINT, PRINT, PRINT, PRINT, INFLATION, MORE INFLATION, HYPERINFLATION, BREAD LINES, NO GAS, RIOTS, CIVIL UNREST, POLICE, BARKING DOGS, TEAR GAS, MARTIAL LAW, HIGH INTEREST RATES, DEPRESSION. BANKRUPTCY...
GET READY, THE USS TITANIC IS COMING DOWN!
flownet07 7 months ago
WOW...MAYBE OUR MANUFACTURING WILL COMEBACK...HHHHAAAAHHHAAAAA...AND WE ALSO LANDED ON THE MOON..HHHHHAAAHHAAAA.
chadberry75 7 months ago
@chadberry75 Manufacturing will come back when we "AGAIN" kick out the Rothschild Central bank for the FOURTH time.
TheTime4solutions 7 months ago
★★★★★ Support mr. Peter. I use Free Stock Robot for day trading, very safe...
FreeSTOCKnolossROBOT 7 months ago
Comment removed
LITTLEKITTEN42110 7 months ago
It will NOT hurt the United States. It will hurt all the government pensions, NPR, PBS, Planned Parenthood, professor salaries, teachers and all the other overpaid leeches. Maybe if we cut their pay they can come over an paint your house for $50.
pirucreek 7 months ago
What evidence does Obama have not raisng the debt ceiling will create a recession. Obama stfu. We need to increase interest rates so people with bank accounts don't go broke.
pirucreek 7 months ago
They have been talking about debt limit since last year. Obama stfu.
pirucreek 7 months ago
Hey Peter, why do you always have these hacks on your show like Celente (an idiot) and Faber and other one-sided views? Why dont you have Mike Stathis on your show, or are you afraid to be upstaged? That's what I thought. Stathis isnt a gold manipulator.
TheHedgefundguy 7 months ago
@TheHedgefundguy What is wrong with Marc Faber he is wise and a legend your the moron, he has traveled the world making good investments and is considered among the wisest economist. Ceelente is an idiot i agree on him.
jezza1789 7 months ago
This has been flagged as spam show
i wanna join his bank.
ShowMeTheFiat 7 months ago
Because its America where substance is irrelevant, and only fluff matters
kphett 7 months ago
Peter forgot his sunblock again.
kstaylor98682 7 months ago
I know things are getting very very bad but goddammit... That chick is smokin' hot :D
texasB666 7 months ago
RT is a propaganda channel.
Ethioness 7 months ago
@Ethioness I have watched a documentary on russian towns where the average age is 52 due to no work ,future and over consumption of vodka! so it works both ways and although most mainstream media is propaganda at least they work both ways.And there is severe problems with the global financial system it is here and will escalate.
jc44848 7 months ago
I don't know exactly why, but I can't pay attetion to what that anchor says...
jogoliveira 7 months ago
she has nice assets errr tits!
toppgunn2232 7 months ago
what was this video about?....I'm too busy staring at the interviewer :)
motogpslider 7 months ago
Peter will finally get his revenge for his father. He wants US to collapse and it's gonna happen. I just don't understand his US supposedly dissident, intellectual followers, what's there for them in what Schiff is predicting?
is there anybody with brain in US?
miksajlo 7 months ago
@miksajlo <--- Brainless comment.
flahr1 7 months ago
@flahr1 <-------Idiot pretending to appear smart.
Ethioness 7 months ago
@miksajlo
He doesn't WANT the U.S. to collapse, he's predicting the U.S. will collapse based on the policies of the federal government in conjunction with the fed. It's economics 101. When you spend beyond your means, eventually you go bankrupt. It's that simple. There's no special economic law excluding whole countries from this reality. Basically nobody wants the U.S. to collapse as that would mean economic turmoil for the world, but the U.S. is already in the process, debt limit or not.
myhipsi 7 months ago 41
@myhipsi Slight correction, there are most definitely those who want the US to collapse as part of an overall World consolidation effort, if the US goes it all goes. The current world economic climate is being fueled or at minimum allowed to happen as a gate way to an engineered chaos so that an already planned solution (World Govnerment, world monetary system) can be introduced; order out of chaos.
bishopruger 7 months ago
@myhipsi exactly, at this point the only real question left is when
TheBrradsullivan 7 months ago
Totally hilarious! We defaulted back in 71 by telling the rest of the world we are no longer going to pay back our dollar obligations in gold (gold certificates) and that for now on, we will be paying them in "I owe you nothings" (federal reserve notes). Now they don't want us to default again, by telling them we are no longer going to pay them in "I owe you nothings". LOL
jjenson2006 7 months ago 4
@jjenson2006 ... I'm guessing less than 10% of Americans know that. I found it humorous too. While you're right, I just want to add ... they ALWAYS raise the debt limit. They just like to scare people.
msinlasvegas 7 months ago
@msinlasvegas There is no credit limit. There's just an imaginary number they use to get the creditors to believe that we're actually going to pay it back. After all, if we told them we don't have a credit limit, it would be like saying "there's no point in paying it back as we can always pay the interest with part of the money we borrow infinitely". Seriously though, there's no way we're going to pay it back anyway. The payback will come from the printing press which is really just a default.
jjenson2006 7 months ago
Peter, give President Urkel hell. He is lying. America can pay its debts. It can pay its seniors. What it can't also pay for is the BLOATED government. The government will have to shrink.
The Republicans will increase the debt ceiling when President Urkel SHRINKS the government. But the Republicans need to get that message out.
The one area that I disagree with Peter is that we cannot do it overnight. $1.5 trillion out of $3.5 trillion is too much.
666sigma 7 months ago
I am officially a "Schiff head" :D
Cinemaguy2007 7 months ago 4
I like Schiff but I can't believe he would suggest not raising the debt limit. The markets would panic.
tyrionoutrider 7 months ago
@tyrionoutrider and what will happen in a year or 2 when we get to this point again? At some point your going to need to jump out that 2nd story window to safety, or be burned by the fire. What sounds better to you? We have "risked" default by deficit spending. Obama's saying we will not risk that is the exact opposite of how this country has been acting. He says one thing and does another....
polevaultrockstr 7 months ago
@tyrionoutrider Markets would panic in the short term, but if 1/3rd of the government continues to be funded by debt, the currency, economy, and markets will be destroyed eventually.
There is no easy way out.
Helionaeic 7 months ago
@tyrionoutrider lol. Ok, more of the same for you I take it. Kick that can baby!
campeona5 7 months ago
08:35 "we're getting some more rope that we can hang ourselves with" I love Peters anologys.
tompatomp 7 months ago
She is the first RT host I've found to be smart, fair, and not a parrot of conventional economics.
hummarstra 7 months ago
The Ponzi will end badly.
I would like to see her do interviews in a bikini top with a blue screen "beach" background, it would add to her credibility.
prescottbill 7 months ago
America is looking worst than 'The Expendables'.
ristau 7 months ago
Obama sure did a heck of a job pulling the wool over all those minority and college voters...You all got what you asked for "change" You forgot to ask him if the "change" was going to be good or bad..You all were so suckered! lol
1971Armageddon 7 months ago
President Payday-Loan ''Owe''bama is such a clown. Just listen to how he speaks. Owebama is like the average American homeowner. Treats the country like an ATM (he actually has access to one that prints day and night, non-stop at the Federal Reserve as ''Federal'' as Federal Express) and now the country is close to the brink of collapse and foreclosure. The ceiling will get raised. The real terrorists are not in the sands of the Middle East rather in the Washington D.C. Glad I left US(S)A.
msungs 7 months ago
Lauren is great. Smart, knowledgeable and hot.
ilferrari 7 months ago
This has been flagged as spam show
@ilferrari and she fucks like a rabbit. :)
dikkydoo1 7 months ago
STOP FEEDING THE MONSTER. IM WILLING TO TAKE THE HIT
STOP FEEDING THE MONSTER. IM WILLING TO TAKE THE HIT
STOP FEEDING THE MONSTER. IM WILLING TO TAKE THE HIT
gdernie 7 months ago 2
- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -
- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -
- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -
- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -
- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -- SCHIFF IN THE HOUSE -
flyinbry 7 months ago
I watch RT because of her =)
ustfu 7 months ago
Comment removed
ustfu 7 months ago
I want everyone to shut up right now!!! My hero is speaking. He just said a gold backed credit card? WTF?????
wywhwywhwywywhwhyhwyhwwywyhwwywhhywwyywhy!!!???
judutchinski 7 months ago
@judutchinski I think he misspoke. From the description I got from him before, it is more like a gold-backed debit card. No credit, rather transactions made based on your precious metal holdings.
DennyDFW 7 months ago
I basically love peter shiff
Tomta20012 7 months ago 2
2012 Dream Ticket
Paul for the President
Kucinich for VP
Peter Schiff for the money guy
Ventura for Secetary of Defence
Alex Jones for White House Spokes Person
Charlie Veitch for Secetary of State
trackerscott 7 months ago 3
@trackerscott Charlie Veitch for Court Jester maybe. ;)
weavermama 7 months ago
2012 is Right Around the Corner
Paul for the President
Kusinich for VP
Peter Schiff for the money guy
Ventura for Secetary of Defence
Alex Jones for White House Spokes Person
trackerscott 7 months ago
So 14 trillion debt with 2 trillion income is like you making $50,000/yr buying a $350,000 house. Pretty stupid, and only re-payable with low interest rates. If interest was at 6% it could bankrupt the US.
flahr1 7 months ago
You have to love paper money. Costs pennies to create this money, yet you can use this "money" to buy real things. So essentially we give China paper for real goods. If the dollar collapses, then what do they own?
flahr1 7 months ago
Nice tits and clevage
rudemood2011 7 months ago
@LadyCaricata You're just jealous that her tits are getting more attention than yours.
asianfrenzy666 7 months ago
she's smart too
curtly99 7 months ago
Don't worry America , the Politicians won't allow themselves to go without a PayCheck. The debt ceiling will in FACT be RAISED !!!!
notpcone 7 months ago
Why do the stupid comments get the best ratings???
AwakingTV 7 months ago 25
@AwakingTV because she has a great rack, obviously
bawjkt 7 months ago
nice tits on that broad
DaxTheGSD 7 months ago
My boy Peter is matching today with this hot RT chick.
bigboywasim 7 months ago
Wow, he doesn't even see the fault in the logic of his own speech.
Is it a good idea for the United States, not to pay their bills...
If we don't raise the debt ceiling...
Which one is it jackass? Raising the debt ceiling is not paying your bills...
Rensune 7 months ago
@Rensune
If we dont raise the debt ceiling , we can still pay our bills.
Now the luxury items like our empire of 700 military bases in 150 countires , farm subsidies, bank bailouts, foreign aid, illegal immigrant welfare, Dpt of Homeland security , TSA , etc, etc, etc, etc, etc.
Yeah thats gonna have to go.
Woodchuckk 7 months ago 26
@Rensune
By the way, you understand that we reached the debt ceiling weeks ago right?
An they only thing keeping our overloards in DC spending is the fact they are plundering the federal workers pension funds right?
To the tune of $200 or so billion so far with about $60 billion left, which should last them till about Aug 1st.
So once they raise the ceiling, and they will, we are $260 billion more in debt right off the bat.
Fire up the printing press! Dollar Dollar bills ya'll!
Woodchuckk 7 months ago
@Woodchuckk No, we reached it decades ago. It's just finally caught up with us.
Rensune 7 months ago