Peter, as much as I love your commentary, I actually come to the questions part just to lsten to the music at the beginning. I would not object if you wnated to expand it a little longer!
Here is a good question. Corporation get's so big and power full that it has power to buy or create politicians and law in order to secure it's position isn't it a market failure?
Big difference in selling a house retail vs. wholesale. Kinda like trading your car in at a dealership and getting $2,500 vs listing it and selling it 5 months later and getting retail...
Peter. I know why you don't get booked by the media anymore. You used to be booked regularly because most of the channels you went to were Liberal who don't like Bush. You gave them fodder to denounce the Bush economy. Now t hat Obama is President, they don't like to hear the doom and gloom anymore
@joggingskor but Peter were always interrupting ppl but he was still given lots of interviews during the Bush years. So whats changed? That all those producers suddenly find Peter was too rude? He was not rude before, but now he is? Thats silly
@joggingskor Nonsense, a good journalist/host should interrupt at the right time. To keep the discussion interesting and to keep up the pace. There's nothing wrong with that. Also this has obviously nothing to do with not being invited by the media, you're just trying to discredit him unfairly.
Hey Peter, part of that price decline is the pendulum effect you mentioned in your Mortgage banker's speech. Short sales are like margin covering. People who kept their heads during the bubble can find deals.
@noproblem2011 Buy the best value for your needs. If it comes from China, so be it. Take the money you saved and support Ron Paul, plant a garden, drill for oil. What you do with your savings is what matters, not where you buy from.
Is Wesley dumm? In 2005 the house cost 377 ounces, today it costs 60 ounces. This means that the price of gold increased ! You pay 6 times less ounces for the same house !
To all believers and promoters of liberty - if you haven't already, I expect that you strongly want to see and spread the youtube video "BEST OCCUPY WALL STREET RANT!!! (Complete Speech)"
The URL is just like this one but with watch?v=ZFZrNSa3b8g
The Gold argument does not hold water. After all all values are perceived. There is no real value with any thing. If the so called FIAT money is Green paper then Gold is just yellow metal.
On December 23rd, 1913, the Federal Reserve Act was passed, creating the Federal Reserve (private) Bank.
It gave the FED a 99-year contract to control the USD.
December 23rd, 2012 is a Sunday ...... Do the math.
They are raping and pillaging before the 99-year contract ends, and using Hollywood and "archaeologists" to make us think these problems all have to do with some cooked up Mayan and Chinese prophesy.
We need to educate each other to what is happening to prepare to take back control. When the Panama Canal returned to the Panamanian people, no one dared to build within the military zone for fear that the US would return and take control. After a few years, they began to realize that the US was gone for good. Since then they've begun to build up the zone, and they are now in a boom.
We need to relax and let 12/21/12 come and go. The Elite empire will fall, and let the People rise.
Gold isn't money. It has been money, it has all the properties of good money and it will probably be money at some point in the future, but currently it's not money. You might call it a monetary metal.
Money defined here as a general medium of exchange.
@Xasew A medium of exchange is anything that a market dictates. In some societies, sticks with notches were a medium of exchange. Gold can be money.. and is money now.. hahaha idiot.
@Xasew Ok your no idiot, so sorry for saying that. $1700 an ounce may argue that point. People are seeking refuge from fiat currency because of this economic law- that gold in money. The only reason we can't use it as a medium of exchange is because the US government has decided against it, the market has proved my point pretty well.
"The only reason we can't use it as a medium of exchange is because the US government has decided against it..."
You just proved my point. If something can't be used(the reason doesn't matter) as a general medium of exchange, then by definition it's not money.
It's an "economic law" that gold is money? Actually it's a historical tendency for gold to be chosen as money on the market. A historical tendency is not the same thing as an economic law.
@Xasew yeah but it fulfills the role of money better than the dollar does. see an ounce of gold buys the same amount of oil it did back in 81. while if you saved your dollars from then you'd have much of your savings wiped out by inflation. gold preserves wealth by staying neck and neck with inflation.people who want a gold standard like myself don't want inflation to keep destroying the middle class.now that we're printing more money than ever inflation might very well make us a 3rd world
I agree. Gold would indeed be a better money than the current USD. You don't need to convince me about how great gold is; I'm well read on the subject.
Markets obviously don't dictate what money is; or we would probably be using gold as a general medium of exchange. Just because gold SHOULD be money(because it was chosen by the market) doesn't mean that it IS money.
As a capitalist I prefer market solutions. I still acknowledge that the state doesn't let the market work in many sectors of the economy(like the production of money). Nothing contradictory here.
to attack mideast countries for the greater good of israel? That claim comes from economicrant's site and not mine, for I have no knowledge of this claim.
@DavidAKZ Really? If so, that would be awesome to hear about Schiff. What links do you have that pertain to this subject? I truly don't have a clue and only heard this from economicrant?
@slhines7 Well, I have watched him over the last three years or so. He comes from what they call The Austrian school of economics which basically advocates living within your means, formation of capital from savings and a return to the gold standard as a means of so called 'sound money'. I have never thought he advocated war. I think there is a confusion with debt based economics (the current system) where in order to keep prices of goods etc high, one must inflate with debt or destroy them.
@DavidAKZ Same here and I agree with you. I just knew that economicrant person was wrong about Schiff. Thanks for letting me know what you personally were aware of regarding this.
@slhines7 your are a troll - Peter Schiff stated many times that he is for ENDING the wars and is a Ron Paul supporter, who also is for ending the wars. so stop saying such BS
@ownerowner100 That is exactly what I thought Schiff's stance was, but I had some old guy from economic rant/his site email me stating otherwise. I questioned him about it, but he never provided any evidence to back up his claims whatsoever. No dude, I am not a troll, whatever the hell that is. I am a real live person who even donated to Schiff and Paul during their runs for Political office.
@slhines7 who gives a crap about what some some old guy from economic rant said, watch his vids read his papers and make your mind up for your self. Grow a pair of balls and be a man, and do your own research you dumb sheep, and if you still dont like him then do us all a favor and keep youe BS neg options to yourself. Good Nite
@ownerowner100 I personally find your name calling and language to be offensive and inappropriate, but do know that is common with youtubers so no hard feeling. I understand where you are coming and line of thinking. I personally did not take economicsrant's comments to heart, especially since they don't make any common sense. I was not trying to be negative at all and more just trying to figure ou the facts.
@exitiummagnum well then if its not money at least its better than yours because ours will keep going up in value as yours goes down. i know currently its rallying but it'll go down soon enough.
hey, what happened to schiff radio? I used to listen every day on GCN, but now I dont know where to hear rebroadcats without paying....broke college student here, sorry peter.....
@Bhavikh Nah, real estate in Canada is still in a bubble. Average $800,000 for a house in Vancouver. When the U.S. goes belly up and they can't buy our stuff anymore, watch how fast the house prices fall in Canada after the many layoffs that will likely ensue.
Peter, as much as I love your commentary, I actually come to the questions part just to lsten to the music at the beginning. I would not object if you wnated to expand it a little longer!
rmccay88 4 months ago
Here is a good question. Corporation get's so big and power full that it has power to buy or create politicians and law in order to secure it's position isn't it a market failure?
Marine475 4 months ago
@Marine475 No, just corruption on the part of our politicains
thedesertorchid 4 months ago
@thedesertorchid Politicians work perfectly for those who pay for their campaigns.
Marine475 4 months ago
@Marine475 Not per say:
Its rather a question about moral & ethics.
joggingskor 4 months ago
Big difference in selling a house retail vs. wholesale. Kinda like trading your car in at a dealership and getting $2,500 vs listing it and selling it 5 months later and getting retail...
mrsparex 4 months ago
Peter. I know why you don't get booked by the media anymore. You used to be booked regularly because most of the channels you went to were Liberal who don't like Bush. You gave them fodder to denounce the Bush economy. Now t hat Obama is President, they don't like to hear the doom and gloom anymore
outforsushi 4 months ago
@outforsushi Maybe if Peter develop his manners and don't interupt other guest , even though they might be wrong .
Maybe...
joggingskor 4 months ago
@joggingskor but Peter were always interrupting ppl but he was still given lots of interviews during the Bush years. So whats changed? That all those producers suddenly find Peter was too rude? He was not rude before, but now he is? Thats silly
outforsushi 4 months ago
@joggingskor Nonsense, a good journalist/host should interrupt at the right time. To keep the discussion interesting and to keep up the pace. There's nothing wrong with that. Also this has obviously nothing to do with not being invited by the media, you're just trying to discredit him unfairly.
TWSceptic 2 months ago
Hey Peter, part of that price decline is the pendulum effect you mentioned in your Mortgage banker's speech. Short sales are like margin covering. People who kept their heads during the bubble can find deals.
elars213 4 months ago
@Joe2000King Vuy Gold and silver! watch?v=rooPPLtK9pg
Minethis1 4 months ago
This has been flagged as spam show
@Joe2000King
"Markets dictate what money is."
Actually reality dictates what money is.
Besides, there are no genuine markets in the production of money. So I guess according to you the USD is not money?
Why is it so hard to see that gold isn't the general medium of exchange in society?
Xasew 4 months ago
@noproblem2011 Buy the best value for your needs. If it comes from China, so be it. Take the money you saved and support Ron Paul, plant a garden, drill for oil. What you do with your savings is what matters, not where you buy from.
6024691380 4 months ago
Is Wesley dumm? In 2005 the house cost 377 ounces, today it costs 60 ounces. This means that the price of gold increased ! You pay 6 times less ounces for the same house !
muschek 4 months ago
Porn music
juicejon1 4 months ago
He's like the Han Solo of Investment.
JpassTheTime 4 months ago
Great ideas as always from Peter.
To all believers and promoters of liberty - if you haven't already, I expect that you strongly want to see and spread the youtube video "BEST OCCUPY WALL STREET RANT!!! (Complete Speech)"
The URL is just like this one but with watch?v=ZFZrNSa3b8g
decapitatespammers 4 months ago
All I know is that I still do not feel comfortable buying a house right now.
BMWg84 4 months ago
The Gold argument does not hold water. After all all values are perceived. There is no real value with any thing. If the so called FIAT money is Green paper then Gold is just yellow metal.
MAZDAKPRODUCTION 4 months ago
That's quite a prediction to get right
dubified89 4 months ago
This has been flagged as spam show
Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & America - Jew
1. Goldman Sachs CEO, Lyold Blankfein - Jew
2. IMF Deputy CEO, John Lisky - Jew
3. Ex IMF CEO, Dominic Strauss - Jew
4. World Bank CEO, Robert Zoellick - Jew
5.Ex World Bank CEO, James Woolfesen - Jew
6.Fed Chairman, Ben Bernanke - Jew
7.Ex Fed Chairman, Alan Greenspan -Jew
8.Obama Treasury Secretary, Timothy Geithner -Jew
9.George Bush Treasury Secretary, Hank Paulson -Jew
Stevie68000 4 months ago
that's the problem. Everything is easy in hindsight.
DavidAKZ 4 months ago
On December 23rd, 1913, the Federal Reserve Act was passed, creating the Federal Reserve (private) Bank.
It gave the FED a 99-year contract to control the USD.
December 23rd, 2012 is a Sunday ...... Do the math.
They are raping and pillaging before the 99-year contract ends, and using Hollywood and "archaeologists" to make us think these problems all have to do with some cooked up Mayan and Chinese prophesy.
That's my theory and I'm sticking to it.
Robert697 4 months ago
@Robert697 then what ?
DavidAKZ 4 months ago
@DavidAKZ
We need to educate each other to what is happening to prepare to take back control. When the Panama Canal returned to the Panamanian people, no one dared to build within the military zone for fear that the US would return and take control. After a few years, they began to realize that the US was gone for good. Since then they've begun to build up the zone, and they are now in a boom.
We need to relax and let 12/21/12 come and go. The Elite empire will fall, and let the People rise.
Robert697 4 months ago
@Robert697 Nice words
sonnybrown 4 months ago
Comment removed
IronicallyVague 4 months ago
Gold isn't money. It has been money, it has all the properties of good money and it will probably be money at some point in the future, but currently it's not money. You might call it a monetary metal.
Money defined here as a general medium of exchange.
Xasew 4 months ago
@Xasew A medium of exchange is anything that a market dictates. In some societies, sticks with notches were a medium of exchange. Gold can be money.. and is money now.. hahaha idiot.
tbscrazy12 4 months ago
@tbscrazy12
Gold isn't a general medium of exchange at the moment. So "hahaha idiot" to you, too.
Xasew 4 months ago
@Xasew Ok your no idiot, so sorry for saying that. $1700 an ounce may argue that point. People are seeking refuge from fiat currency because of this economic law- that gold in money. The only reason we can't use it as a medium of exchange is because the US government has decided against it, the market has proved my point pretty well.
tbscrazy12 4 months ago
@tbscrazy12 I think you need to watch a documentary called "money as debt" - Google it - 47 mins
DavidAKZ 4 months ago
@tbscrazy12
"The only reason we can't use it as a medium of exchange is because the US government has decided against it..."
You just proved my point. If something can't be used(the reason doesn't matter) as a general medium of exchange, then by definition it's not money.
It's an "economic law" that gold is money? Actually it's a historical tendency for gold to be chosen as money on the market. A historical tendency is not the same thing as an economic law.
Xasew 4 months ago
@Xasew yeah but it fulfills the role of money better than the dollar does. see an ounce of gold buys the same amount of oil it did back in 81. while if you saved your dollars from then you'd have much of your savings wiped out by inflation. gold preserves wealth by staying neck and neck with inflation.people who want a gold standard like myself don't want inflation to keep destroying the middle class.now that we're printing more money than ever inflation might very well make us a 3rd world
theeonionbagel 4 months ago
@theeonionbagel
I agree. Gold would indeed be a better money than the current USD. You don't need to convince me about how great gold is; I'm well read on the subject.
Xasew 4 months ago
@Xasew a 3rd world country in decades to come.
theeonionbagel 4 months ago
@Xasew Arguing that is silly. Markets dictate what money is, not governments. Unless, you aren't a capitalist?
tbscrazy12 4 months ago
@tbscrazy12
Markets obviously don't dictate what money is; or we would probably be using gold as a general medium of exchange. Just because gold SHOULD be money(because it was chosen by the market) doesn't mean that it IS money.
As a capitalist I prefer market solutions. I still acknowledge that the state doesn't let the market work in many sectors of the economy(like the production of money). Nothing contradictory here.
Xasew 4 months ago
@Xasew I think I literally just won this argument.
tbscrazy12 4 months ago
Is Schiff a proven war monger who wants
to attack mideast countries for the greater good of israel? That claim comes from economicrant's site and not mine, for I have no knowledge of this claim.
slhines7 4 months ago
@slhines7 er no !
DavidAKZ 4 months ago
@DavidAKZ Really? If so, that would be awesome to hear about Schiff. What links do you have that pertain to this subject? I truly don't have a clue and only heard this from economicrant?
slhines7 4 months ago
@slhines7 Well, I have watched him over the last three years or so. He comes from what they call The Austrian school of economics which basically advocates living within your means, formation of capital from savings and a return to the gold standard as a means of so called 'sound money'. I have never thought he advocated war. I think there is a confusion with debt based economics (the current system) where in order to keep prices of goods etc high, one must inflate with debt or destroy them.
DavidAKZ 4 months ago
@DavidAKZ Same here and I agree with you. I just knew that economicrant person was wrong about Schiff. Thanks for letting me know what you personally were aware of regarding this.
slhines7 4 months ago
@slhines7 The Austrian school mises . org/
DavidAKZ 4 months ago
@DavidAKZ watch?v=rooPPLtK9pg
Minethis1 4 months ago
@DavidAKZ I am and have already been a student of their site for a very long time. Thanks either way.
slhines7 4 months ago
@slhines7 your are a troll - Peter Schiff stated many times that he is for ENDING the wars and is a Ron Paul supporter, who also is for ending the wars. so stop saying such BS
ownerowner100 4 months ago
@ownerowner100 That is exactly what I thought Schiff's stance was, but I had some old guy from economic rant/his site email me stating otherwise. I questioned him about it, but he never provided any evidence to back up his claims whatsoever. No dude, I am not a troll, whatever the hell that is. I am a real live person who even donated to Schiff and Paul during their runs for Political office.
slhines7 4 months ago
@slhines7 who gives a crap about what some some old guy from economic rant said, watch his vids read his papers and make your mind up for your self. Grow a pair of balls and be a man, and do your own research you dumb sheep, and if you still dont like him then do us all a favor and keep youe BS neg options to yourself. Good Nite
ownerowner100 4 months ago
@ownerowner100 I personally find your name calling and language to be offensive and inappropriate, but do know that is common with youtubers so no hard feeling. I understand where you are coming and line of thinking. I personally did not take economicsrant's comments to heart, especially since they don't make any common sense. I was not trying to be negative at all and more just trying to figure ou the facts.
slhines7 4 months ago
My question for Schiff would be :
Are you in support of all of the current illegal wars that are taking place?
slhines7 4 months ago
@cj747747 Bow chicka bow bow!
markleerose 4 months ago
Exitlummagum, gold is money, real money and has been for well over 5000 years, paper back by nothing except corruption is not money.....idiot.
1962Fiore 4 months ago
Pricing a house with gold is like doing it with steel or any other metal.
exitiummagnum 4 months ago
@exitiummagnum Measured in steel (or most other commodity) the price has fallen as well.
GaryVolts 4 months ago
Gold is not money, idiots.
exitiummagnum 4 months ago
@exitiummagnum well then if its not money at least its better than yours because ours will keep going up in value as yours goes down. i know currently its rallying but it'll go down soon enough.
theeonionbagel 4 months ago
@exitiummagnum not yet
DavidAKZ 4 months ago
@cj747747 I thought Sanford & Son was more like it. But unless you're an old fart, you never heard the theme song.
flahr1 4 months ago
LIBERTARIANMONARCHY . COM
ecnerwal999 4 months ago
love the music
stangGTKKK187 4 months ago
Everything that is not linkin park is porno music.....
TheBlitz1 4 months ago
@cj747747 well it is some good austrian economics porn
labartic 4 months ago
Love the porno music - don't change it!
OneCerebralSamurai 4 months ago 32
Occupy The Federal Reserve this weekend and everyday!
... Ron Paul 2012, Revolution!
ibislee 4 months ago 49
@ibislee Don't vote 2012! Let's have a real revolution and not more of the violent monopoly called the state!
gradiu3rox 4 months ago
@cj747747 I was thinking the same thing too. It sounds like a sexy woman enticing her husband, just like the Arby's commercial.
MONOPOLY35 4 months ago
hey, what happened to schiff radio? I used to listen every day on GCN, but now I dont know where to hear rebroadcats without paying....broke college student here, sorry peter.....
SeppLainer 4 months ago
@SeppLainer schiff radio, you can DL mp3 of the last episode...
Voy2378 4 months ago
If you lived in Vancouver where would you invest your money other than gold and silver? How about real estate?
Bhavikh 4 months ago
@Bhavikh Nah, real estate in Canada is still in a bubble. Average $800,000 for a house in Vancouver. When the U.S. goes belly up and they can't buy our stuff anymore, watch how fast the house prices fall in Canada after the many layoffs that will likely ensue.
UponInfinity 4 months ago
@UponInfinity Yes and nearly everyone is totally clueless about this. House prices never go down they say
flahr1 4 months ago
@Bhavikh your education
DavidAKZ 4 months ago
the housing market is dead they have stolen every thing from the 99%
toppgunn2232 4 months ago 2