10/27/2009 Peter Schiff On Fast Money: Dollar Rally Only Temporary?

[MarkMillionaireGuru]

Hi PhilDeCarolis

I have just been watching your video and I must admit it really is very good.

I really enjoyed watching it.

Already looking forward to more of the same in the future.

Cheers to your success.

Mark McCulloch

[MvNPTI]

lol they opened with a low blow and he completely killed it, go peter

[XulChris]

Who was the guy who muttered "That is not a statement people are going to like" (at 1:01) after Schiff suggests putting Bernie Madoff's picture on the one dollar bill?

[JiveDadson]

The dollar and Treasuries may very well make another rather large dead-cat bounce as the equity markets panic and de-leverage.

[istvangy86]

The messed up way they try to discredit him:

4 vs 1 + Calling him wacko... damn u people are messed up.

[Johnybama]

I love Schiff's grin after he cracks his Madoff joke

[pinkcheesegreengh0st]

LOL Bernanke is wacking it!!

[Thrice13]

That was fucking hilarious!!!

[ciottini]

Yeah Bernanke quit wacking it.

[harryfemten]

they give peter more and more respect after each show it's seems now

[XulChris]

That is because he pulls in *huge* ratings for their pathetic show.

[wachman]

this is the first fast money sequence with Peter that i didn't see the other hosts refute his point of view. maybe these dimwits are finally learning something.....??

[JiveDadson]

"Refute" - I don't think it means what you think it means.

[roseagain2]

That female host is terrible. Peter Schiff for US Senate 2010!

[EMPIRE0FLIES]

Why is peter getting soo much airtime? There is a massive angle working and im close to cracking it... shhhh

[JoeyPencils]

Why does she have to make inane comments like her opening remarks...so Schiff has to address nonsense before he gets to talk sense...sheeeesh what a world.

[hugolp]

That was great. Peter is on fire again.

[spiggitybap]

1:00 after Peter opens with a bombshell intro to the reputation of the dollar, someone in the background says something I can't make out... "That...is not a statement that we're gonna..."

[spiggitybap]

I was wondering when we'd get some more Schiff interviews on phildecarolis' channel. Thanks.

[brendandylanmaloney]

Did anyone notice that the behavior of those robots shifted when they were talking to peter. They were not as defensive as usual.They were actually sort of aggreing with him for the first time. I am shocked and happy to see this.

[OOCASHFLOW]

Thinking humans can b woken. but is it too late?

[chiyerano]

I am just glad that they are actually listening to what Peter has to say without interrupting.

[norfair18]

Peter squeaks at 3:52 lol. Oh peter...

[RobbyRichards]

LOL thanks for pointing that out! I didnt catch it the first time I watch it.

[winner502]

you know whats funny

if you put 100,000 grand in gold in 2001

it would be worth 300,000

today peter gave great advice but they laugh

peter didnt devalue the dollar nor give china all our jobs?

but they laugh as there boy kramer and kudlow sold the market down the tubes

i dont see anymore any people that use to be on cnbc just the same old hacks that work for them

reminds me of hitler with just a close circle of friends all yes men very scary

attack the messenger go peter

[focus21x]

Peter for the Senate, Peter for the Fed, Peter for the President of the United States!

[focus21x]

Whores, indeed, and whorers. Who is paying them, bribing them, or are they so stupid in their own right?

[calypsodelta99]

You tell that whore to get over there and whack Peter Off, cuz thats the only way that bitch gonna get the change for her Dim Sum after the dollar crashes......a ching chong ching chong ching -.-

[brendandylanmaloney]

She was the most obnoxious out of all of them,she was so condescending towards peter.

[stealthpakfa]

melissa lee is anti-semetic!

its very clear!

[OOCASHFLOW]

they should debate..

[JessicaBelle81]

I don't think she likes Peter very much.

lol I always draw a pic of Helecopter Ben with a noose around his neck on every Fed note I get.

[wizardofozar]

We are all whacking it

[solojam]

afgan presidents brother just found to be on CIA payroll, in da news

[MaverickCentricity]

Excellent and timely response at the end. Peter's interviews are definitely getting better lately.

[ExquisiteDoom]

We should have Bernie, bernanke, greenspan, Volker and why not Charles Ponzi on the dollar bills while we're at it. Oh yea, and FUCKING great comeback. Bernanke needs a whack as well.

[wcarlpdrysdale]

I bet she leaves a wet spot on the chair every time she has Peter on .

[BanGovernment]

Madoffs face one the $1 bill.... Yep, George Washington has too much respect for the FEDERAL RESERVE'S $1 bill. As a matter of fact, Goldman Sachs name should be on the $1 bill along with the Swine Flu virus water logos all over it. Paper money is literally "toxic assets".

[hooverdog1957]

What about Andrew Jackson on the $20? His family should sue to take his image off. He has engraved on his tombstone "I killed the bank."

[iamacyborg]

"Ben Bernake's the one that's whacking it."

a11newsdotcom/images/ben-berna­nke-anna-bernanke.jpg

Yeah, probably.

[gilbertl2000]

"Ben Bernanke's the one that's whacking it." LOL

[zeratul65535]

holy shit, and she continues to host this show!?!? that was an obvious attack against a guest who was INVITED to be on the show...

what a bunch of loones

[splenderfan]

I'm glad we get to see Peter on TV, but I wonder why they bring him on when by "long term" investor standards, he's very long term. Yet, the show is Fast Money. They obviously want advice that will give them gains over the next 5min. Gold cracked 1000 in March 08 about the time the dollar index was 71. Gold is over 1000 and the dollar is around 76. Gold is about right. Today too, we have more debt and more inflation than we had in 08. But "oh my gold is down for the day!" What about the decade?

[eysi0072]

ahahah good comeback :D

[cas111498]

she needs her ass beat, with a sack of nuts!!! lol

[BanGovernment]

WIth the rest of all those other wacked nuts.

[mike6459]

she needs a ghood whack

[dudebud007]

nice one with the bernie madoff, the asswipes in the studio took offence to that bahahahahaha

[endlessmountain]

I disagree with Peters views on interest rates needed to be higher.

Whether it is 0.25% or 8% it creates money that does not exist, which guarantees debt.

[jjrglobal]

@endlessmountain

Without the creation of new money through interest, created wealth could not be represented monetarily. So the supply of money must grow so that the new house or building or car can be represented, The problem is the government creating money from thin air by printing treasuries, not the fractional reserve system. Interest rates are far too low, especially consumer credit. Would you loan someone $1000 to buy a big screen, knowing the most you'll get back $1100 in a yr,?maybe 0?

[endlessmountain]

The whole problem is the fact we have money. When humans can learn to trade with gratification and start showing signs of using a resource based economy, its always going to be destructive for dollars and money is a negative energy.

[jjrglobal]

You fell for that Zeitgeist bullshit? By resource based economy, they mean centralized planning. Its been tried and was a dismal failure. There is a nother word for it Marxist Communism is resource based economy.

[hooverdog1957]

When interest rates are higher less is loaned. Isn't that how it works?

[fakeplasticme]

When interest rates are higher there is more incentive for people to save their money - to hang onto it, and thus earn more in interest on those savings.

Likewise there is then less incentive for them to spend money on frivolous, materialistic purchases which further inflate trade deficits, and prop up a service & consumer based economy.

[LisaJ4Liberty]

haha funny interview.

[visionvictory]

good one peter.

[chena3]

Bernie

for

treasury secretary....

[mjhonsun]

That was the most childish, petulant display I have ever seen on a so-called business show. Outright mockery. Schiff flipped the whole "wacking" nonsense back on them though. When the dollar drops below 70 I want to see the look on that idiot host(ess)'s face as she eats crow and is forced to admit (yet again) the Peter Schiff was right. What is wrong with them?

[cabtrom]

Someone should "wack" that Little china girl

[sljs1010]

Ben's whacking LOL

[soundmoneyfan]

another gem

[petiemac12]

They all take shots at Schiff because he has proved the all wrnd time and time again. Did you ever see any oif them say he was right? Or maybe say sorry for laughing at you? There are all spolied brats who got their jobs from their rich dad's. Keep making them look like fools SCHIFF!!!

[WOLFENCT]

That asian chick is hot, but she takes a personal shot at Schiff at the beginning that once again Schiff turns around and makes her look like a jackass.

[nep808]

yeah. She likes to show the world how stupid ignorant she is about economics. That said, I would bang her.

[schulwitz]

She probably won't bang you, but she might "whack" you off!

[MrMP81]

LOL 4:38 "It's Ben Bernake who's wacking it" ahahahaha

[MengersDisciple]

Thanks for the good sound level Phil. Very smart retort by Peter there at the end!

[jjrglobal]

Is it just me or does everyone want to strangle that bitch that took Dillon Ratigans place?

[oiuoiu988]

its not just you

[vinny1010]

0:54 - This is why Peter Schiff is FUCKING AWESOME!!!

[AndyMH182]

After Peter's opening statement, did he give someone a Hi-Five? haha

[MengersDisciple]

Did not notice that the first time :)

@1:03, he is probably telling someone next to him to stop ROFL.

[Clerenn]

Man, must feel terrible to sit and watch all this happening in your own country. I'm living in Sweden, but I still take great interest in the dollar and the US market, since it does affect our economy too, believe it or not.

But I'd feel terrible if our politicians did what Bernanke and the Obama administration do to the US economy.

(Actually, our national bank is kind of doing the same thing, keeping the interests too low when they really should be raising them)

[mjhonsun]

Watching this play out in slow motion is one of the most excruciatingly awful feelings I have ever had. The worst part of it is that this really isn't the average American's fault. They're too ignorant to understand what their leaders are doing to them. There are no warning signs in our media (and woefully inept economics education in schools) and so they just keep buying things like it's their birthright even though we are not producing nearly enough to cover our consumption.

[Clerenn]

Damn. I feel ya man.

It's also one of the main reasons I don't want to move to the US even though most jobs in my career field are located there. I just can't bare myself to move CLOSER to an active volcano, rather than further away from it.

[wtfbroskie]

lol PETER SCHIFF, poppin jokes!

[Visfen]

That shit was whack.

[thane17]

Nice to see some of these fools treat Peter with some respect.

[Mathannix]

Alot of whackos talkin along. These fast money guys never cease to amaze me

[AFRIKTODAY]

Someone needs a whack tonight!