12/10/2008 Part 3/3 Peter Schiff On Kudlow & Co.: Market Drilldown

[yjfoo81]

Don Lusking must be broke buying financial stocks by now! haha!

[wtfkevo]

the government wants this to happen. after the dollar falls through the floor, the amero will be the NORTH AMERICAN CURRENCY. this means canada, mexico, and the united states will open the borders to free trade that will allow the government aka Rockefeller and the rest of the elite cocksuckers to control even more of the world

[JaschkaZ]

just moved new area

i cant watch this video N2

[arkadyka]

"pick the worst performing stocks and buy them".

That is amateur and truly one of the worst pieces of advice ever.

[Armando7654]

yeah I couldnt believe my ears when the moron in the suit said it. The height of US economy was not build on/with incompetent, inefficient companies! Peter rulles!

[elgcpa]

I'd never heard of Peter Schiff until recently. Now, watching some videos from a year or two ago, the man sounds like a damn genius.

[vincentca2004]

all you have to do is try to open up private accounts that involve trading physical gold at major levels and u will see what the big boys will tell u.....ur not part of the club!!! Only then u will realize where the dollar is going and in what mess the FED has put everyone

[dowtoplunge]

peter schiff and 'myspacesecrets' here on youtube have always been right. Should have seen the writing on the wall ages ago.

[suki2011]

peter schiff is right!!!!

[jesuslover037]

"Pick the ones that did the worst and buy them"? That's ridiculous. A child could tell you that's stupid.

[gregtron111]

well it made sense over history. And the funny thing is, markets crash because everytime the aggregate of investors believe that "this time is different". However I believe that this time it really is :P Buying cheap worked at the bottom of every other crash, it'll work for the next half year to a year but the the shit is really going to hit the fan. when banks start lending is when Peter's vision will become reality...

[jesuslover037]

Yea, you're definately right about that. It's funny how we can't seem to spot the patterns of history soon enough to learn the lessons. It's usually people who have no control over the matter like Peter or you and me who spot the problems. That's why the government was supposed to be based off the people, I suppose. They usually have the right answers before the politicians. Well, sometimes at least.

[rodolphesimon]

A bucket of sanity floating in a sea of craziness.

[ftorresgamez]

Wait, wait. . . Luskin says "Find the worst performers and buy, because they're going to rally later" or something to that effect. Raise your hands if you feel this reads like that strategy to play the one-armed bandits - wait until a machine has been "played" a lot and THEN play it. Luskin is being a mystic, or a nut. Schiff is right, hyperinflation is coming and the best strategy is to get yourself some hard assets.

[syborius]

we've seen the "bottom" of my ASS.....

[zappos49]

Give a "thumbs up" if you think Kudlow is a Idiot!

[WhoisJacqueFresco]

How can this Luskin guy be on national T.V.? Do they actually pay him? I can hardly stand to watch him another minute, so rude.....he interrupts, is obnixious...I don't know how Peter can stand him!!! Just watching Luskin, I'm gonna platsn!

[LEARNINGCURVEISON]

Precious Metals

clap clap clap clap clap

[70road]

Forbes has been wrong time after time for years. I don't know why they have him on.

[LawyerScumGhost]

Forbes said gold has moved up a "little bit"? It was trading for $300 an ounce back in 1998 and has hit as high as $1000 recently. Looks like the price of gold is indicating pretty extreme inflation, does it not?

[spectre1234]

he is quite the blad-peen hammer.

[spectre1234]

bald-peen*

[martyR13]

Say what you want about Schiff; He is unarguably the master at getting the last word. "won't work" lol.

So we have Peter Schiff was right

Peter Schiff analogies

next up; Peter Schiff's last words.

Who's up for the challenge? I call not it.

[justingaylor]

Thank God Peter Schiff is getting so much airtime. People need to hear more logic from Austrian economics and less spin from tools for Wall Street and the government.

[leftwaffe]

If I recall, Robert Prechter got lots of airtime after the 1987 crash...but then what happened?

[djsherin]

Peter Schiff rules. The bald guy wasn't as bad as Luskin, but Luskin is most definitely a tool.

[JoeyPencils]

ya that hairless guy was like a bald bell pean hammer...if Luskin was a tool he'd be something used for cleaning cesspools

[adithkumarbhat]

hehehe......"It wont work"......Go peter

[freedomfighterone]

Froehlich and Luskin are such liars. No one should put their money with them.

[chickeynana]

no wonder luskin "bailed" on dr. paul for mccain...luskin is an idiot. Go Peter!!

[isthatfunny]

Peter hits it out again,he is always on the money with these bozos.They try to shout him down when he speaks,his strength is the confidence in knowing what "FREE" markets should be doing in times like these.The only real lesson here is hard assets,back the dollar with somthing and ride out the storm.

This scam has been in play for a long time and if we let it continue we will lose our country.Paper or plastic,the real world works with the dollar and the dollar is overrated.

[dawveed84]

Get out of the dollar, get out of the treasury bonds, get out of the american stocks. Invest on foreign markets

[eesloan4]

I'd count on many more bailouts.....it's a majority of dems and obama will not let anything fall....that's my prediction

[christopherquinn]

These fools are financial experts?! Yikes!

Peter Schiff is the only one with a clue and continues to be right.

[bicstic8]

favorite part at the end shiff simply says "it won't work" and laughs.

[cevod123]

excellent video, peter on the money as always. I also think that we will see a rally in the stock market but it will not last for long. the next fall will be the big one I think roughly 4500 djia, it would probably go lower but govt will get involved and dump more money into it to prop it up.

[andreamirelez]

When Peter Schiff is present the other guys are out of their league.

[VincesVinyl]

And they're consistantly too stupid to realise it. They are fantastic at shouting and crap at thinking.

[rationalbeats]

Anyone who invest in American real estate in the next 18 months is a fool.

[geeoogle]

Nobody really knows how much GOLD stocks are being held by US Treasury. But Since end of Gold Standard, the US govt was sitting on HUGE STOCKS of Gold (abt 2000 tons) and kept shifting the physical asset between Europe, Japan and now China. At $700/ounce, 32 trillion dollars is about 750 tons GOLD..

THATS NOTHING !!!

[kalatuppi]

750 Tons @ $ 700/OZ = 17 Billion $

I guess all the talk about the Billions & Trillions and the refusal to change into the KG/Gramm system in the US are finally paying off :-)

[worldhistory00]

However, I do believe that once the credit market loosens up, we will have our absolute FINAL bull market before our country goes into an irreversible trend where our economy and the value of our dollar just collapses.

[geeoogle]

Schiff got it wrong about GOLD. Everything else he said is a good rebuke of capitalist morality.

GOLD is not like before. The only thing US Treasury should do is SELL OFF the Gold (which they are doing gradually till next year) and RETURN THE US DOLLARS PROCEEDS back into the Treasury to reduce the debt.

US dollar is likely to shift to 75 Yen next year in order for American producers/exporters to get back on their feet.

A NEW TECH REVOLUTION should be here now.. like Electric Cars.

[KhmerD0g]

the US treasury does not have enough gold to do anything. the US government need at least 28 eiffel towers made out of solid gold to pay of its debt.

[HighIncidentBandit]

that was almost 3 years ago.

[KhmerD0g]

then we need way MORE than 28 solid gold eiffel towers. i'm shitting in my pant

[engine2truck6]

What is "capitalist morality"?

[bicstic8]

with what money? we are 100% broke, and when our creditors cut us off and flood the US with dollars, it's over.

[worldhistory00]

Also, everyone is flooding into the dollar because in the short term, it is a safe bet since it is backed by the treasury.

Unfortunately, once this Treasury Bubble or Dollar Bubble is popped, goodbye the value of the dollar.

[worldhistory00]

This bottom as they call it is only temporary, it has a lot to do with confidence returning and a new administration coming into power and hope for some type of change that will never come.

[worldhistory00]

This part is just BEGGING to be part of another "Peter Schiff was right Edition 3" later on in 2009 early 2010.

Lol, the stock market will recover, it's going to collapse after the massive, maybe hyperinflation is realized and unemployment goes through the roof. And if foreign countries pull the plug, we sink like a stone.

Disaster waiting to happen.

Unfortunately, most of us may not have computers by then.

Comment written December 11, 2008

[jessebickeldotcom]

The people who are real snakes are those who do not take peter schiff head on, but pretend to agree with him. They will pretend to agree with him but then contradict what he's saying somehow. Peter usually calls them out, but this time you get the impression that Forbes is half-agreeing. Then he says they might take a hard dollar policy. Yeah right.

[belloOo]

i see a "Peter Schiff was right again" video coming in the future ... used with this video

[stealthpakfa]

steve forbes is a CFR criminal and he is like a puppet for the central bankers like the rothschild and rockefeller! sadly the public has no idea what mr forbes is all about and his connections! i guess ignorance needs to be punished and thats exactly what will happen to the american people over the next few months and years!

[phatcheck]

I don't know what a CFR criminal is but Steve is definitely clueless. It is sad that he thinks he knows anything about the economy. He inherited the Forbes enterprise, he needs to get out of it's way and realize he may have a lot of inherited wealth, but that doesn't mean he's not an idiot. He, like bush, was born on third base and thinks he hit a triple. Forbes would be so much better without his idiotic commentary.

[tlbodine]

Schiff: "They might [take a hard dollar policy] but it won't work!"

Haha, this man is my hero. And yes, these guys are just BEGGING to be the stars of future "Peter Schiff was right" videos!

[rangeyer]

as I said in part 2......these guys are stupid fucks!!!! Except peter of course

[norfair18]

Luskin has such a beef with Schiff, because Schiff slapped him down a year ago.

"You wanna buy this one with both hands"

- Luskin, one year ago

[davincij15]

Look for a 2009 Peter Schiff was right again video.

I think after the 4rd Peter Schiff was right viral video will government and the public start to take notice.

[jrjrg]

Is there anything that Peter got it wrong?

[BlueEagle8]

Yes. He didn't expect everything would be liquidated and the dollar would be strong in the short term. All commodity, including gold, stocks that he recommended are down 50-90%.

[Okooka]

But isn't his advice to hold on to them, thus not paying much attention to the current price drop?

[psxwarrior]

Strong only because everybody's saying, "GIVE ME A FEW BILLION DOLLARS!!! MY BUSINESS'S TANKING!!!"

[JP5466]

Luskin came on Kudlow's show about 1 year ago and said that the housing downturn would not have any effect the overall economy.

Don Luskin = Moron.

[cowboy1165]

That's because Luskin is a jackass. and anyone who takes advice from people like him have not "boned up" their education on the economy. I can't wait till people start stoning him.

[DoctorJohnJGibbons]

"You have to buy the Dow with both hands"

- Don Luskin when the Dow was 14,000

[atheistnarnia]

God I hope that first guy is right, I just graduated and I'm looking for a job...

But ole' Pete will probably be right yet again.... ahhh

[cowboy1165]

My suggestion, learn a trade and be self sustaining. The bread lines don't care about a diploma. Now you have graduated.

[atheistnarnia]

where the f is parts one and two?

[mountainaire7]

Peter Schiff...about the only person I listen to anymore.

[becauseicare2]

This is soooooo begging to be a future "Peter Schiff was right!!!!!!"

[Philosophocus]

I guess this is another prediction we'll hold Peter up to in 2009.... I wonder if this is going to be featured on the future 'peter schiff was right 2009 edition'