Markets, global growth, real estate, Fannie & Freddie

[spectrum0590]

Reliable information provided by this video. Nice insight about economic growth.

[joeguy02]

Brutally honest and we all need to listen to this man.

[trainstation21]

You should Run with Ron Pual

[williamwagener]

Absolutely,,, but how to you force a biaed N.W.O. media to be fair in coverage. ? ? ?

[trainstation21]

by hammering them with video clips and protest . i know in my community people ARE FLIPPEN mad at our local news station for not covering whats going on. they are gonna see mass protest . i really hope Schiff and Ron Pual ron, we need Honest people to start standing up to save our country . Challenging them on the actual issues thats how you deal with N.w.o people

[Jaycephus01]

With all that has transpired, I think if the run-up to the election were going on NOW, Ron Paul would really resonate with people despite the MSM.

[trainstation21]

Well i have said it before i think MR. Schiff and Mr. Paul would be the power ticket, both straight shooters and both with a rep. of quallity far better then anyone out there..

[dualaroma]

it looks like they will create supper inflation, this is how they will pay off the dept, its so clear, buy a home or get some gold, you be able to pay off your home in one month and if you have gold need not worry, just cash in some gold when you need some money, the new currency. Its coming there is nothing we common folks can do to "change" obama, we must get ready for whats to come, supper high inflation, Russia went through it in the 90s and know we will, hold on to your pants !

[manofreedom]

I saw local farm land in 1980 go from 300$/acre to 1500$/acre and then collapse to around 500 to 800/acre. It is once again going up to 2500 to 3500$/acre but there is NO WAY it can produce enough revenue/acre to pay for the price. The bottom will fall out of the land prices here soon and lots of the big 15 to 20 thousand acre corporate cotton farmers will go out. Production costs are sky high and cotton prices are low as are corn so farming is in big trouble...stock up on food or grow your own!

[creten69]

im watching everyone of your vids,and ill read the book when i get a little more squared away,100 bucks says i get alot of bad advice from bloggers and i lose $

[hume12345]

@peter schiff, if you could address this in your next vlog it would be much appreciated. considering how jimmy carter tried to implement much of what you propose (economically), during the recession of the 70's (sound money, reduced dependance on foreign oil and allowing the market to correct itself - notable exceptions the price fixing of oil).

from most accounts his presidency is viewed as a failure (economically and overseas). how long would a market correction of the recession, take?

[johnwik]

Doesn't refinancing also reduce the risk because it lowers the payment which makes the mortgage more likely to be paid?

[Jaycephus01]

A bank has taken a mortgate that at the time it was written, needed to be set at a certain interest to offset the existing RISK. So now the bank is making less money across the board (with all mortgages re-fied), yet the risk didn't necessarily go down to the same degree, or even at all, so it could literally put the bank in a weaker position. Just because it's a lower monthly doesn't mean a person wants to keep paying $300K for a house that is only worth $125 or $150K! So there is still risk.

[Zile77]

I agree that Cramer is a deceiver, but may correct on this one...

IMHO, banks will be making a profit on those foreclosed houses since the government (ie: taxpayers) paid for them in the bail out, meaning the banks already got their money, and now have the houses too, which they can hold before putting them back on the market for a profit, which they'll get in the according to Schiff coming higher interest rates to balance the lower home selling prices. How do banks work? On INTEREST!

[havoctrend]

I have a feeling that Cramer works for the government and the reason I say this is because "The Bilderberg Group" is planning to run the market up big one last time while suckering in everyone who has a dime left to their name and when September rolls around the elite are going to declare a "Bank Day."

You are correct when you say there is no bottom in the housing market. I have seen videos here on youtube showing brand new homes being bulldozed to the ground.

[havoctrend]

Cramer is a carnie barker in so many ways but when he began the countdown to the turnaround or "bottom" in housing I could see through his duplicity immediately. Some cities and towns charge a fine if you have built houses that you cannot sell.

Cramer is a hired con man IMO

For more on the Bilderberg Group watch "The Obama Deception."

[joescarafone]

I couldn't agree more. It's almost funny watching CNBC. If the guest speaker isn't towing the feel good line, it seems as though they just, cut'm off. I've seen that happen on at lest five occasions. The first time I noticed was when they cut Ron Paul off when he began to speak about FIAT money.

They completely blew Schiff off and David Faber has the Audacity to use his book title as wall paper on his reports, which are very good I might add. But those guys completely overlooked this.

[MeLikeGoFast]

He works for NBC which is all but owned by the government.

So youre half right.

[havoctrend]

lol Well the media is owned and controlled by the CFR so I believe I have a valid case.

[MeLikeGoFast]

Pardon my ignorance but what is the CFR?

[MeLikeGoFast]

Nevermind. I googled it.

LOL

[cmstyz]

It's not the government that owns NBC - it's the people behind the curtain who do all the owning. Bernanke, Geithner, Obama, and those of their ilk, are nothing but masks who exist to distract and distort in order to dominate and debase.

---

bloodsuckers, thieves, liars, and hucksters

come one, come all...

dealing double-stacked decks to impoverished drecks

first one, then all...

---

Masks they may be but they're crafted by a primitive tribe whose scratched pigments have lost their eloquence.

[alanhowitzer]

Fannie and Freddie Sux

[DomAndraDum]

Hi Peter,

I have been following your intervention in the last 2 years. I live in Sweden and I feel that the solution is here: independence from fossil energy. If you are interested, google TSLS Konsult. I talked about it a little bit on my blog, in French, but there are a lot of interesting info in English. HAve a look, I am sure you'll like it! Regards

[TheVampirella]

Happy Independence Day Peter!!!

[havoctrend]

I have been trading biotech stocks "small caps" like DCGN* I love that trade based on the news and swine flu trades.

Check out DCGN and the news from 7-1

AVOID BANKS! Cramer likes C!!!! lol

If anyone has trading ideas PM me I'm a gamer!

Happy trading.

BTW Prime loans are no better then the "ninja loans." The elite destroyed us well. Get on Alex Jones Peter, you're #1 peter.

[eurogoldexchange]

Cramer quote:'You have to lie, you can't foment, but sometimes you have to do what you have to do'

[pepziboy]

love you for posting these videos peter, keep em comin'!

[jnsh85]

awesome stuff peter

[5waffles]

Great analysis. Thanks for posting and happy 4th!

[acetylslicylsyra]

Hm more interest cuts in Sweden. I wonder if we'll be the first to enter the magical land of negative interest. Where people get paid to take loans and forced to pay to keep saving, thus forcing them to spend. What an utopia, rivers of money available for everyone.

[esoteric111]

Great video, keep up the good work.

[InCharacter]

1:33

Chindia? Peter are you forming a new country? Because if you are, I'd probably like to move there.

[davincij15]

Peter gives everyone the benefit of stupidity.

Crammer just told the wealthy that the banks will unload this innovatory soon and bank stocks will tank with home prices.

Don't worry the banks will not need a bail out google

bognonbr

for proof.

[eyewitness043]

4:00 "A lot of the banks that have been foreclosing on real estate have not sold the real estate they foreclosed. They foreclosed but they haven't but the houses up on the market becasue they didn't want to get a low price. So they've been warehousing all of this property. They own it but it's off the market" -P. Schiff

That's evidence of PRICE FIXIING the entire US housing market by banks fueled by taxpayer bailout money!!!!

[RAMKING61]

Read 'How Goldman Sachs Runs Washington' in this month's Rolling Stone. They plan on manipulating the carbon/cap & tax scam by making it a commodity.

[Blackjack555]

Yeah, i am quite surprised that Rolling Stone would have an articled about that.

[frontier1701]

Excellent analysis Mr Schiff!!!! Not to mention the annual 4-5% back property taxes and Home Owner Association fees the bank will eat..... Each property sold should be a HUGE $ maker for the banks----- LOL.... Cramer has absolutely no clue... Its impossible to believe he was a successful hedge-fund manager..... At least he is keeping with his tradition of being 100% wrong 100% of the time....

[jsnvoe434]

Tell everybody you know to watch the new documentary Peter Schiff is featured in Hyperinflation Nation. It explains the upcoming US dollar collapse perfectly.

[Chainedorlo]

The delinquency statistic is quite amazing.

[FlailingJunk]

What energy are we going to export?

[Gbroadcaster]

Coal

[nuprincenj]

natural gas...... coal..... ummmmmm... yea....

[shoeman3434]

I truly appreciate your dedication to spreading the TRUTH!

[McRocket]

Thanks again for posting this Peter.

Interesting about Freddie and Fannie.

Enjoy your week/weekend.

[michaelpshipley1]

schiff should make his campaign ads funny like the new ie8 ads with dean cain:

google: S.H.Y.N.E.S.S. - Internet Explorer 8

[taineasy]

Can't think of many things China, India would buy from the US. There are very few items The US makes that China doesn't already make and much cheaper. Real estate has at least 10-20% to go on the down side and when it eventually hits a bottom a few years from now it will not bounce like a rubber ball. Its a lead ball and a lead ball doesn't bounce: it just lays there. There won't' be a rebound housing bubble in your lifetime.

[michaelpshipley1]

Poll:

Peter Schiff 38%

Chris Dodd 42%

Undecided/Ref 20%

google: Schiff Releases Poll Showing Him Barely Behind Dodd

[BIackOp]

I am amazed Dodd has support, stupid fuckers...

[pepeledog]

Peter Schiff, you are ALWAYS worth watching.

Personally, I don't watch Kramer. Tried once. Gave me a headache and high blood pressure. Not even entertaining. He's a salesman.

[tulipemonkey]

Why do most people not see that the Politicians are killing the economy for votes!

[tripplethrendo]

I watch all your videos thank you Peter

[prescottbill]

Say hello to your Dad for all of us. He is a true political prisoner! Please give us an update on how he is doing. To some of us, he is our Nelson Mandela.

[wcarlpdrysdale]

Erwin can't say a thing . because he accepted a ham sandwich,,, go figure . but he is our" Nelson Mandela"

[prescottbill]

What this about a ham sandwich???

[michaelpshipley1]

every american should stop paying federal taxes in protest. they cant put us all in jail!

[delatroy]

"Hi this is Peter Schiff. Captain's log stardate 07/01/2009."

[shiftedstuff]

He should do that sometime :D

[wepollock]

I have seen some of these mortgage pools. Even the performing ones are scary. There is no value in many of them.. Big news today CA IOU's and AIG reverse split and subsequent selloff... Just did a video on it but it does not speak to Peter so I did not post it as a response. Stock market looks weak to me. USD is no stronger.

[navtel]

good video as always peter.. happy 4th

[aqgrafx]

kramer calling the bottom, again? how many times has he done this?

[michaelpshipley1]

cramer, bozo the clown, and ronald mcdonald should team up as the new 3 stooges.

[tulipemonkey]

cramer , bernanke , and geithner

[fireriver29]

Happy 4th Peter!

[supreme600]

Hows your father doing?

[turdsplatter]

AIG was up 1,420% today, wtf??????

[panther9mm]

Taxpayers win!

[stacksmasher9]

They did a 1:20 reverse stock split

[michaelpshipley1]

they did a reverse stock split. didnt work, share price went down 22%. hahahahaha. losers. :-P

google: Overheard: AIG's Reverse Stock Split

[audioX1]

Good stuff.

[libertyplayground]

Schiffs speaks July 4 at Hartford Tea Party 12-3PM