Don't waste your time getting some credit from some wall street media. But I thank you for saving lots of investors who are taking your advices. In fact, the more the average listen to the wall street media, the more they are screwed so we will suck their wealth in a fair way (no need for bailouts)
To avoid getting affected with economic crisis. One should how about financial management or to get a knowledge about it. This is one video to get essential information about real estate and economic situation.
Still missing the underlying cause of the housing bubble -- bottom up demand from mass immigration. Interest rate subsidies, tax deductibility, no doc loans simply helped to accomodate immigration policy as a wage control. Both attempts at Comprehensive Immigration Reform included a doubling of legal immigration and millions of guest workers -- what America needs now is lower immigration and the 7 million homes held vacant with TARP funds to be introduced into the rental housing market.
"how can anybody think that the problem with the US economy is: there's too much saving, there's too much investment, and there's not enough spending"
that killed me, I almost fell outta my chair laughing
Looks to me Sir like a selective article that focused only on the misjudgments of your predictions. Not the outweighing number of correct predictions. I would not be surprised if one of your running mates has an insider in the WSJ, it's a shame this didn't come out before the election, more people might have heard about you and found out the truth. The truth always prevails sir, I bid you a due.
LOL The only person who did NOT lose money in 2008 might have been Bernie Madoff! So, the fact that your fund lost money is a validating thing for you, Mr. Schiff.
So, it is not good to spend and stimulate the economy?
Everyone should should put their money into savings accounts or commodites?
That would put the economy in HALT mode, wouldn't it?
I admit I understand little about economics, but, if I lived in a community where nobody bought anything, no one would be working and producing and therefore would not have any money to save. Really confusing.
I meant to say, "We decided to fight recession during the Greenspan period by creating CHEAP MONEY and lending money to less than credit worthy people and creating PHONY GROWTH - and a housing bubble?
So, now, we can not grow out of this RECESSION by trying to reinflate the housing market?
@SchiffReport I feel your pain Schiff. I have been a Foreign Currency Trader for over 6 years. No matter how much I help people trade, EVEN if I show EXACTLY what/how I trade, they will always do the opposite for greed or fear. AND you have to be 100% right...RIGHT NOW..lol...The move can't happen tomorrow...has to happen that second or else your "wrong. You and I both no this is completely IMPOSSIBLE to get direction AND timing perfect.
(RESPONSE PART 3) I have a lot of respect for you, but you shouldn't be surprised if people, especially the CORPORATE media attack you for not repeating the status quo. Which is, print more money, go deeper into debt, and as Kenneth Lay told his employees at Enron as the company was going down. BUY MORE STOCK.
(RESPONSE PART 2) Stocks which you are telling people not to invest in. Instead you tell people to invest in gold, silver and other smarter options outside the U.S. They will try and tear you down so that people who would potentially listen to you, will not. Instead they will listen to them and invest into such smart things like real estate, government junk bonds, and WSJ's crappy sister company stocks. I'm being sarcastic of course.
Mr. Schiff, with all due respect. If you do not like how the media, such as the WSJ always cut and edit interviews with you. Then I have a suggestion. STOP doing these interviews. Only do live interviews that they cannot edit. These reporters, economists, and real-tors are going to always rail against you. Remember they are CORPORATE media. Which means they have a parent company's which also own other companies, which have stocks.
At the end of the video they show him coming downstairs and he dropped something. It does seem like they edited to make him seem like a fool. Also, they have a completely different view of his client's 2009 performance: "Mr. Schiff won't discuss his clients' performance results, saying it could violate government regulations." That's kind of odd that they were able to discuss 2008 but can't seem to report anything on his 2009 performance.
dean really is a fruitcake. he thinks that the US which has gone from a saving and investing nation for decades to a consumer whore nation in recent years needs to go back to our old ways.
Peter, don't lose any sleep over the WSJ. Their disdain for Austrian economics and gold is well documented and apparent to most of us. They have a vested interest in keeping economists and politicians like you and Ron Paul in the dark, in an effort to expand their keynesian military industrial complex agenda.
Schiff a neocon? Not even close. I just looked at your profile atlas, I think your wacky ideology is a manifestation of personality dysfunction than political philosophy.
Maybe you should read about Schiffty Pete's call for a preemptive attack on Iran. Could that be connected to his prediction that the price of gold will rise to $5,000 per ounce? Of course, I understand that facts mean nothing to a Faux Newser such as yourself.
@AtlasShruggery Obama has said all options are the table as have many leaders in the EU. UAE has endorsed bombing Iran. Saudis and Egypt have made similar statement. Are they ALL Neocons too? He is not talking about ground invasion or occupation and over throwing the government, he is talking about strikes against the weapon threats, not civilians. And you disregard the numerous criticisms Schiff said about American interventionalism and keeping out of other's affairs. U aren't fair or balanced.
@AtlasShruggery So people like Sarkozy, Merkel, most Democrats including Obama are neocons that supported Bush and take their foreign policy cues from the Arab States? All believe as Schiff, so it must be true using your convoluted logic.
@AtlasShruggery Actually, the other were talking about preemptive strikes, Iran does not have nukes now. Obama said, "all options are on the table", or google "Sarkozy hints at Iran airstrikes" or UAE ambassador backs strike on Iran's nuclear sites. Schiff was talking about a hypothetical after the facts. None of those people I mention are neocons. You have no idea what a neocon is.
"We tell the Iranians: ‘This is where we think those weapons are, you need to let our inspectors in there.’ If they don’t let us in, just blow the place up.”
Schiffty Pete sounds just like Bush and Cheney. He's just another neocon Republican.
@AtlasShruggery if that's true, it's fucking insane. it's because he doesnt have a foreskin. thats why he's so violent. I knew it from the beginning. BAM. there u go, same shit, different dick.
@jtravis282 i read it and it was such bad english the message didnt come through to me. U must be one of those people that think masturbation is good for u and having ur head get smaller is good for hygiene. Get real mannnnn.
@gingowitch My english is fine. U just aren't familiar with that particular topic. Masturbation can be good or bad. If you do it as a substitute for a real relationship, it's bad. But why would u avoid it? Are you puritan from the 18th Century? I don't care if you are for or against circumcision. What's nutty is you are trying to equate it with Schiff's politics. As though being circumcized makes people become violent and he needs to grow a forskin. What the hell? U are neurotic about it is all.
@jtravis282 im plenty knowledgeable about the topic, but it doesnt answer my initial question at all: did peter schiff say he would bomb iran if they wouldnt let him enter wherever they like. lol this is what i wanted to know mannn! Masturbation changes ur body in ways unimaginable, and it makes u have a pencil dick. there are no benefits to it.when u lose energy it becomes a substitute. the most sensitive part of the cut dick is a scar. so dont tell me this bs. u know that's why schiff ...
@jtravis282 ...would say something like that, that he would just sign off on an attack. that's quite irresponsible and it directly a consequence of not having the mental stimulation in the third eye crown chakras area of the forehead and top of head. that is why circumcised people have small shriveled up heads. circumcision is a plot plain and simple, and it's time people realized this. and they are really, subconcisously also.
@gingowitch I doubt u can convince jews and the billion + muslims to stop the practice, it's part of their religion. Look at the most brutal people in history like Genghis Khan, Romans, Alexander, Hitler, all of them uncircumcized. Jesus was circumcized and was the most peace loving man that ever lived. So your theory does not hold water.
So if masturbation gives u a pencil dick, then so would intercourse, right?. Are u saying we should abstain from sex altogether?
@jtravis282 no sex is a much better recourse than masturbation. Back in the ancient times people were war like, and they fought wars themselves for the benefit of their nation. today circumcision makes men weaker yes u are right. But what it does to society is make the society weaker. it does not end all wars. u have to look at the mindset of people who want others to die for them, this is because of their weakness imposed upon them by their fathers. circumcision is barbaric.
@jtravis282 ps the new testament speaks against circumcision in numerous locations. u should just restore ur foreskin and say to hell with limitations.
@gingo What the New Testament means it is no longer required. Some thought the uncircumcised were "unclean" and it was necessary for salvation. Jesus fulfilled the law. The NT points out that the circumcised and uncircumcised can be saved.
I am not arguing for circumcision. You may be right for medical reasons. However, your theories about it being a plot, or it makes you weak, or a warmonger is over the top. I doubt there is any credible evidence or studies that suggest this view.
@jtravis282 lol, what medical reasons did i state, i only stated the reasons that u deem untrue. look, i am a man, not satan, i know this to be true. a scientist does not, because he is trained otherwise. there is evidence from various pro circumcision groups that state 90 percent of gays are circumcised, and that it does cause brain damage. in fact they think that is a good thing for "society." Google "circumcision brain damage." it is the first result.
@gingowitch You suggested it is not hygenically necessary.That used to be the medical reason given. You point me to an article in CIRP, an anti-circumcision group. They are going to be slanted, don't you think? So I checked some other sources. The British Medical Association said that circumcision research is contradictory and often subject to claims of bias.
Are u saying it causes homosexuality? If so, wouldn't there be more gays among jews/muslims/americans vs europeans?
@jtravis282 reasons for circumcision have changed so much over the centuries, it is a joke. there is no reason, except to make the boy weaker than he should be. If he is weaker than he should be, he poses no threat to those behind the plot of circumcision. And there are many more gays amongst jews than any other group. Ur logic against cirp is laughable. They made the group because they wanted to get the truth out against circumcision, not because they were born hating mutilation, o wait....
@gingowitch but for your theory to hold, muslims, americans, african tribes, etc must have a high percentage of gays. if not, then it is not the circumcision that causes homosexuality.
Now show me where cirp says it's a plot to weaken the males so they fight the wars for those in powers. That's your own conspiracy nut theory. I bet even cirp would say that is a crazy notion.
@jtravis282 u are so defensive about a scar on ur penis, u know it is wrong. dont blame me or anyone else for what your father did to u and ur subsequent shortfalls. The power is in your hands to restore your foreskin. Now, if brain damage is caused by circumcision, and circumcised people's heads are smaller, then obviously that plot is true. check out the vid on my channel.
@gingowitch Do you know what "projecting" is? Google it, cause you are doing it now. I am not attacking u for being against it. I am just not buying your plot conspiracy.
Being against circumcision is fine. But when you conjure up conspiracies and plots, this is not rational. It means there's something more going on there psychologically. You should explore that.
@jtravis282 lol no fool. something wrong is going on in your brain, because u have not yet realized that nothing is coincidence, and surely nothing so widespread as circumcision has no real purpose.
@gingowitch said "surely nothing so widespread as circumcision has no real purpose."
Yes, but that's not what we are arguing. We are arguing whether it is a plot to get males to wage war. Just because circumcision has no purpose doesn't mean you should just make up fantacies as to why it exists. The reasonable explanation is that it's an old religious tradition/tribal practice. That's all. Nothing more. End of story.
@jtravis282 no never. that is a pathetic jab by mutilated school boys. I am immune to that. I am going to stop talking to you. u are a dead head, and if u were smart you would restore your foreskin.
Hey gingo, you are a rat. All this time you were saying people like me were brain damaged, weaker, have a pencil dick, etc. And I took it all in stride. I make one little "anteater" joke and you get all bent out of shape. No you are not immune to it, if you were, you would have laughed it off. You just have a hang-up that consumes you and if you were smart you would try to figure out why this is. The problem is not what is going on outside, the problem is what's going on inside you.
To be more specific, I invested roughly ~$60K following what I thought were Peter Schiff and Marc Faber's better ideas, commodities and precious metals(physical bullion). Then, I hedged against their gloomy portfolio with some dollar based assets(US stocks) in the event they were wrong. So far I have cashed in $36K in precious metals and still have $60-70 value remaining, while I lost the majority of the value in my dollar based Bull market portfolio. I guess Peter Schiff was right..
Success or Failure? I can only judge Peter Schiff (and Marc Faber's) wisdom based on my personal experience using their strategies to protect my hard earned savings. I did not open an account with EuroPac, but I instead used the free knowledge they were kind enough to provide to create a diversified portfolio of assets beginning in 2005. I have recently cashed in some of these, while avoiding the losses I witnessed many of my friends and family suffer through the past few yrs. Peter Schiff FTW!
Peter, don't worry about the WSJ or any of the firms that depend on the continued fiat system and Keynesianism. You are trying to prove you're correct to people that are either intentionally misleading, or unintentionally stupid. Neither of those change the fact that you are credible. Millions of people DO KNOW YOU ARE CORRECT and that our nation cannot reach a new golden age without taking some really harsh medicine that may take decades to cure what ails us.
Hey Peter, I saw the WSJ video and it's not so bad. It doesn't put you in a particularly favorable light but it's not that negative either. It's good that even the mainstream right wing media thinks this way because the smart people can make even more money while the rest are still fooled.
Hey Peter, the Australian ABC 4 Corners show gave you and Gerald Celenta a huge positive run, saying that you both are like economic wizzards. They may have eddited a heap out though (About the truth that is)
It is hitting main steet TV here about the coming Depression.
Speaking of investing... has anyone been able to open an account with Euro Pacific Capital recently? I submitted the "How To Open An Account" form on their web site about 2 weeks ago, but no one has contacted me.
Are all the folks over there really that busy, or are they prioritizing new account requests in descending order of indicated net worth?
Peter, I thought you were exaggerating about the WSJ article... until I read it. The article is a naked hit piece.
Unfortunately, by accurately predicting the crisis, you made many so-called experts look like buffoons, and I think much of the animosity directed toward you is a result of that. But you also paint a picture of the economy that many people don't want to contemplate, and a natural reaction is to attack the messenger.
@sansez Was that on Friday night, sansez? Will watch the re-run on iplayer if so. And to think I get bombarded with boringtweets from @bbcnewsnight all week and then they don't tell me when Peter is on!
@sansez Was that on Friday night, sansez? Will watch the re-run on iplayer if so. And to think I get bombarded with boringtweets from @bbcnewsnight all week and then they don't tell me when Peter is on!
It seems to me that their biggest gripe was that the strategy you laid out for the crash you predicted didn't play out the way you had hoped. The whole point with investing with you is to not lose your money when economy crashes. So even though you were right, they still lost. Was that loss offset by the years of dividends and growth before, or the recovery after? I don't know.
@christo930 Yes, but the economic crash has only just begun. I prepared people for a crash where the dollar goes down, not up. I still believe that is how it will end. However, I did have some clients in a hedge fund that shorted subprime mortgages, and that did return huge short-term results as the collapse began. I also advised people to hold cash in case foreign stocks or gold went down before they went up. Those who followed that strategy very did well.
I am a student of Austrian economics so a knock on Peter is a knock on me. Your original comment was more offensive then you think and I honestly don't know how Peter can take it.
Figures they have footage of your dog not dropping the frisbee at the same time the taking about: incorrect predictions, extreme forecasts and "don't listen to Schiff" garb.
I read the article and watched the video. I didn't think it was a hit job. I thought it showed that Peter was human, that he had one missed prediction, but it mentioned that he was "devastatingly right" on the housing bubble. It said he was way out in front of the tea party folks - that's good ain't it?
I think Peter is perhaps a bit too sensitive.
Now Peter is predicting a bond bubble. In a year to two perhaps we'll see more videos claiming peter was right. Only time will tell.
On thing I'd like to see in a Peter Schiff video is a heading 'who needs a job when houses are $10,000'. If government would let prices reset, people wouldn't have to work as hard to pay for a home. I don't understand (especially in a non recourse state) how this would be bad. Right now (as peter stated) people HAVE to work becaues they have to pay debts (which I disagree with peter in that this creates a demand for $). But with tech efficiencies why can't we ben from falling prices?Dangit!
Hey Peter...next time you see a camera , hide the maid, lock the garage and chill out with yelling commands at your dog...We all do the same stuff but your public persona puts your every move under the microscope...these were rookie mistakes that should be avoided next time.,.,remember, no one will write a nice story about a guy who is in the minority ( especially one who is "negative")...my advice, is suck up some pride and consult with a PR firm before you get that kind of media coverage.
Hey there Pete, I'm starting to get a feeling that no matter what you get right you will not receive any credit where it's due. I needed some advice on CAEI? what do you think?
I live In Australia and it looks like a housing bubble is building up here, the prices have skyrocketed in the past ten years thanks to the low interest rates and government incentives. The government claims that the high prices are due to housing shortage I am not so sure. Would you be able to shed some light on this subject. Thanks
Hey Peter! I love your videos man, I was just wondering if you can put them up for download once in a while? I don't even care if you charge, i really would like to keep these as a way to help me out in my studies, thanks.
Peter, Sir keep up the good work. I have bought and read Crash Proof 2.0 and love listening to your videos. On the price side you are very reasonable. I have a subscription to another wise man, but he isn't cheap. The most important thing is the knowledge and being able to see what is going on and where it all is going. This helps me preserve far more $ than the price of a book or two or even a subscription to other more expensive information sources.
Peter, everyone knows you can't use housing as a lead indicator its always been a Lag. Taxation for the rich the middleclass or at what ever level is a simple misdirect the challenge for America is no different than for every other country in the world. Invest in our people middle high lower create new or expand exisitng high end Value added jobs. Without which no Jobs = No purchasing power = no market expansion = Third world.
Peter Schiff seems to have been quite naive by believing that the WSJ would be fair to him "this time" when in 2009 they weren't. Maybe those people who say the WSJ and others are working for the govt and the fed and the big banks? How else would Peter Schiff explain how he's treated by the MSM where they either smear him or ignore him?
Peter, why don't you write an artikel for the NYtimes or Washington Post explaining exactly what will happen and when this will happen? Giving an precize prediction will prove you are right (or not right). Can you give a S.M.A.R.T. prediction?
wsj owned by murdoch. fox and wsj hate libertarians and work for the rnc exclusivly. they don't want to end corruption in D.C. they just want thier crooks in power.
@fluff125 lol your an idiot ofcourse hes gonna try and sell stuff, if you bought his books youd be better off. Its motivational speakers not charging for their hard work and service, hes a pro and his advice is wise he should make money from it maybe you appreciate it more you freeloader go collect your unemployement.
Well Schiff, it's been fun. I was with you from the beginning. But then I got this advertisement from you,"The Little Book of Bull Moves: Updated and Expanded!"
Sure I am a capitalist, but when you are appealing to peoples herd mentality and using Libertarians as a cash cow from which you make periodic withdrawals with BS books, and endless video blogs, all containing the same repetitive talking stream, that is when I use MY freedom of choice to say NO!
Respond to this video... f125 So let me get this straight. Are you saying that I should not write any books, or that I simply should not let people know when a new one comes out? You seem interested in watching my videos for free, but object to paying $13.50 for a book. (out of which I make about 1 dollar myself). How can you claim to be a capitalist if you think my publisher, Amazon, and myself should lose money giving my books away for free?
@SchiffReport yeah this post by fluff doesn't even make sense. I still believe that a crashing stock market will create a demand for dollars, not because people want them (fiat), but because they NEED them to pay debts. But other than that - I agree with everything you say.
@Vaserlan to others reading this: embedded taxes = production taxes eg payrol, corporation etc etc [and the foreign production taxes embedded in the products imported into the US]
Schiff: "What you tax, you get less off." me: "So don't tax production, then. Tax consumption ... but not too much." ;)
@SchiffReport to others reading this: embedded taxes = production taxes eg payrol, corporation etc etc [and the foreign production taxes embedded in the products imported into the US]
Schiff: "What you tax, you get less off." me: "So don't tax production, then. Tax consumption ... but not too much." ;)
@SchiffReport Thanks for all the free videos made over the years. I have been entertained and have learned much. Please do not stop making them. I also have enjoyed reading "Crash Proof" and "How and Economy Grows and Why it Crashes". These books have allowed me to better understand economics and investing. I am more than happy to purchase anything you have to sell and I appreciate being notified anytime something new comes out. Thanks again for helping me to become better informed.
I love how all these guys say they are ending their subscriptions and then they say the same thing on the next video. I wonder how they know when you make them Peter, maybe they are telepathic?
@SchiffReport Well said. I guess there will always be some people who are never pleased, no matter what. I always follow your videos and have bought your books. Please keep them coming. I am from the UK and I wish we had more people over here speaking the truth like you do. I have also made a great return on my portfolio by listening to your advice and stocking up on commodities. Keep up the great work and many thanks from the UK.
@nsolcis you guys are pretty dumb. Peter portrays an "average Joe" image so that he can appeal to the "common" folk, but he isn't one of "us". He isn't unique though--he just wants to enrich himself like everyone else.
Be thankful, however, that not everyone has sold America down the river and hedged against it. If they did you guys would be out of a job. And probably, I might add, crying for unemployment extension.
BS books? They belong to the best stuff about current economic situation you can get and contain alot more than these video blogs. I doubt you actually read any of them...
I love how all these guys say they are ending their subscriptions and then they say the same thing on the next video. I wonder how they know when you make them Peter, maybe they are telepathic?
@fluff125 Peter Schiff donates his time and provides free videos for people like you and me to watch and LEARN from. People appreciate the fact that he informs us of any books or speaking engagements that he is providing. He can be doing plenty of other things than providing a free video for all of us to learn from. You expect him to do all of this for free? I think you are taking a few things for granted and need to get over yourself.
"A garage filled with foreign cars." There were three cars. There are many families that have three cars. The article was trying to imply many more cars than what were actually shown on the film.
Peter. We will never listen to the mass media campaign against you. We know you are not just in this for your own gain. Just remember that you have helped so many people understand what is going on and have helped them prepare. You are a savior to so many people. Leave the people who did not hear your warnings to fend for themselves.
Your the man Peter ... you dont need to defend yourself to your followers.. I remember watching all those Economists laughin at you when you predicted 2008, and these idiots still want to give you a hard time... your probably harming their investments by telling it how it is :)
I just read the WSJ article and saw their video. It really wasn't that bad at all. Though I do think it was out of character--downright weird, actually--for them to point out that you have "imported" cars and a mansion with a pool. WSJ typically champions the upper class.
just finished reading "how an economy grows, and why it crashes" - I wish it would be made into an animated clip, I think my friends would be less hesitant to watching a video than reading a book on economics.
already lent it to one friend, my mum wants to read it next. planning to get it around to all of australia by 2012 :P
Peter im moving to oregon in a month , down heart salem , i have acurrent dre license ...and am curently a re photographer , my wi fe is fro thailan combined both of us have a total 30 years mgmt experiance...we would like to know if you would want to open a euro pacific capital in SALEM oregon...
This opinion piece doesn't even mention *why* Peter believes a bigger economic crises is coming, much less give details about it or try to refute it. They just say Peter thinks this and "most observers" think otherwise. Well most observers (including the WSJ) were wrong before 2008 and they are wrong now.
And what about that dollar rally? Isn't the dollar still way down from where it was 10 years ago?
Peter, Look at the level of debt, the number of mortgages that will default if the interest rates go up, the fragility of the banks and you know that the fed can't possibly raise interest rates. We are headed for a currency crisis because the fed can't raise interest rates.
ask yourself. "would I buy this property today or maybe wait until it comes down some more?"...until the answer is yes, prices will continue to drop regardless of what anyone but the market does or says...the WSJ is government media Peter. It's like getting criticized by the village idiot...they are all the same cut, like the real estate lady...instead of telling Americans to save and prepare for serious international competition, they sell consume, consume, consume...
In a way when Schiff does get it wrong some times is proof that he is a legitimate and excellent economist. Because what you've got to remember being right all the time is impossible and is a big flag that some one is fraud. This is what happen with Enron and Bernie Madoff they were right in their decisions all the time and made money when it was impossible. Schiff on the other hand being the real deal gets it right most of the time, some time he's wrong but admits it, and takes loses
No worries Peter. I and many others believe in you and your strategy. I did plenty of research on your strategy before moving my entire IRA to EuroPac. I am very confident in its future. Your strategy is solid and makes perfect sense. There is nothing "tricky" about it. Pure fundamental analysis.
WHo is this bitch on the interview? Ill smack her upside her head. Anyways, nice house and can i be the muscle behind the shotgun(s) handguns or whatever weapons you have. Ill be your body guard and only i want in return is bread and water.
Rock on Schiff. No worries on WSJ, they're establishment liberal. WSJ, NYT, MSNBC are all in the same camp. Those of us who listen to you, know different!
What do you expect? You really want CNBC or WSJ come on and says: "Economy is in terrible shape. All real jobs are out sourced and we are heavily in debt. Now we all have to work like crazy because wall street bankers took all the we had"
Stop doing articles like that. Forbes Magazine ambushed you too, but you kept it cool. Next time, have these magazines sign a legal document about the intentions of their article. If it is a hit piece, then you can tell them to f off and write it without your help. Get some pre-approval legal document. Also, the comment in your video description is odd: "Yes I do have paintings hanging on my walls, so what. What should I hang on my walls, posters? I'm 47 not 17!!" Take it down.
Wall Street Journal: shame on you.
TWSceptic 2 months ago
Don't waste your time getting some credit from some wall street media. But I thank you for saving lots of investors who are taking your advices. In fact, the more the average listen to the wall street media, the more they are screwed so we will suck their wealth in a fair way (no need for bailouts)
sdgsdf45 9 months ago
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truehealthyproducts 11 months ago
Peter your clients know the truth word of mouth as way more popular than paid commercial advertising.
shawakwak 1 year ago
To avoid getting affected with economic crisis. One should how about financial management or to get a knowledge about it. This is one video to get essential information about real estate and economic situation.
spectrum2000now 1 year ago
Still missing the underlying cause of the housing bubble -- bottom up demand from mass immigration. Interest rate subsidies, tax deductibility, no doc loans simply helped to accomodate immigration policy as a wage control. Both attempts at Comprehensive Immigration Reform included a doubling of legal immigration and millions of guest workers -- what America needs now is lower immigration and the 7 million homes held vacant with TARP funds to be introduced into the rental housing market.
009o9 1 year ago
the problem with the US economy is too much unemployment!
smedheat 1 year ago
@smedheat The problem is a lack of production vs spending, unemployment is just the side effect of that problem.
TWSceptic 2 months ago
"how can anybody think that the problem with the US economy is: there's too much saving, there's too much investment, and there's not enough spending"
that killed me, I almost fell outta my chair laughing
darkmorg 1 year ago 3
As to the wall street journal:
watch?v=ZxxPLDZnqwA
Haters...
TreachMarkets 1 year ago
I don't know why but I don't find the WSJ that horrible.
Your home is beautifully appointed by the way. You will find a more ostentatious lifestyle amongst the real wall-street rats anyhow.
Maxobillion 1 year ago
Looks to me Sir like a selective article that focused only on the misjudgments of your predictions. Not the outweighing number of correct predictions. I would not be surprised if one of your running mates has an insider in the WSJ, it's a shame this didn't come out before the election, more people might have heard about you and found out the truth. The truth always prevails sir, I bid you a due.
Vstands4Voice 1 year ago
Govt subsidies and Govt Guarantees
lets see, I am the only builder selling homes right now in my area.
The loans we use are of the above, govt subsidies and guarantees
That would make Peter Schiff 100% correct.
DallasB1000 1 year ago
Govt subsidies and Govt Guarantees
lets see, I am the only builder selling homes right now.
The loans we use are of the above.
That would make Peter Schiff 100% correct.
DallasB1000 1 year ago
Just watched the WSJ piece. Total hatchet job...shameful
mgoyak 1 year ago
time to add the wall street journal to the list of morons, which seems to be growing at an exponential rate
a4finger 1 year ago
WSJ did a dirty dog discrediting article on ya, Mr. Schiff.
Who owns the WSJ? Apparently, your ideas are irritating them.
I really dislike it when media takes things out of context.
Clarissa2424 1 year ago
LOL The only person who did NOT lose money in 2008 might have been Bernie Madoff! So, the fact that your fund lost money is a validating thing for you, Mr. Schiff.
Clarissa2424 1 year ago
So, it is not good to spend and stimulate the economy?
Everyone should should put their money into savings accounts or commodites?
That would put the economy in HALT mode, wouldn't it?
I admit I understand little about economics, but, if I lived in a community where nobody bought anything, no one would be working and producing and therefore would not have any money to save. Really confusing.
Clarissa2424 1 year ago
I meant to say, "We decided to fight recession during the Greenspan period by creating CHEAP MONEY and lending money to less than credit worthy people and creating PHONY GROWTH - and a housing bubble?
So, now, we can not grow out of this RECESSION by trying to reinflate the housing market?
Clarissa2424 1 year ago
So, Peter, are you saying we had recession during the 90's and we fought that inflation by creating CHEAP MONEY and pushed people to buy houses?
Clarissa2424 1 year ago
@schiffreport u need to restore your foreskin before u run for office again. u have about two years. that's all it takes for substantial development.
gingowitch 1 year ago
i wish people would focus on what's important: ending circumcision, stopping masturbation, and minimizing all evil in society.
gingowitch 1 year ago
@SchiffReport I feel your pain Schiff. I have been a Foreign Currency Trader for over 6 years. No matter how much I help people trade, EVEN if I show EXACTLY what/how I trade, they will always do the opposite for greed or fear. AND you have to be 100% right...RIGHT NOW..lol...The move can't happen tomorrow...has to happen that second or else your "wrong. You and I both no this is completely IMPOSSIBLE to get direction AND timing perfect.
Keep up the good work!!
luvUtube247 1 year ago
(RESPONSE PART 3) I have a lot of respect for you, but you shouldn't be surprised if people, especially the CORPORATE media attack you for not repeating the status quo. Which is, print more money, go deeper into debt, and as Kenneth Lay told his employees at Enron as the company was going down. BUY MORE STOCK.
BOYBROU 1 year ago
(RESPONSE PART 2) Stocks which you are telling people not to invest in. Instead you tell people to invest in gold, silver and other smarter options outside the U.S. They will try and tear you down so that people who would potentially listen to you, will not. Instead they will listen to them and invest into such smart things like real estate, government junk bonds, and WSJ's crappy sister company stocks. I'm being sarcastic of course.
BOYBROU 1 year ago
Mr. Schiff, with all due respect. If you do not like how the media, such as the WSJ always cut and edit interviews with you. Then I have a suggestion. STOP doing these interviews. Only do live interviews that they cannot edit. These reporters, economists, and real-tors are going to always rail against you. Remember they are CORPORATE media. Which means they have a parent company's which also own other companies, which have stocks.
BOYBROU 1 year ago
At the end of the video they show him coming downstairs and he dropped something. It does seem like they edited to make him seem like a fool. Also, they have a completely different view of his client's 2009 performance: "Mr. Schiff won't discuss his clients' performance results, saying it could violate government regulations." That's kind of odd that they were able to discuss 2008 but can't seem to report anything on his 2009 performance.
heelspurs 1 year ago
Wait so Kefka DID destroy the world?
SCALES1xx 1 year ago
dean really is a fruitcake. he thinks that the US which has gone from a saving and investing nation for decades to a consumer whore nation in recent years needs to go back to our old ways.
umrmecheman 1 year ago
Peter, don't lose any sleep over the WSJ. Their disdain for Austrian economics and gold is well documented and apparent to most of us. They have a vested interest in keeping economists and politicians like you and Ron Paul in the dark, in an effort to expand their keynesian military industrial complex agenda.
DevinCahill 1 year ago
This has been flagged as spam show
to educate sheeple
LibertyPoet
website
campaign4liberty 1 year ago
Remember what Ghandi said: “First they ignore you. Then they laugh at you. Then they fight you. Then you win.” Looks like entering stage 3.
LenGarc 1 year ago
what's the link to this WSJ video?
AnabolikPump 1 year ago
@AnabolikPump go to google type in "Doomsday investing WSJ"
LenGarc 1 year ago
Schiffty Pete the Neocon predicted the same thing in 2002. People who followed his advice then lost a lotta money.
Fortunately for the people of Connecticut, Schiffty got thumped in the last election.
AtlasShruggery 1 year ago
Schiff a neocon? Not even close. I just looked at your profile atlas, I think your wacky ideology is a manifestation of personality dysfunction than political philosophy.
jtravis282 1 year ago
@jtravis282
Maybe you should read about Schiffty Pete's call for a preemptive attack on Iran. Could that be connected to his prediction that the price of gold will rise to $5,000 per ounce? Of course, I understand that facts mean nothing to a Faux Newser such as yourself.
AtlasShruggery 1 year ago
@AtlasShruggery Obama has said all options are the table as have many leaders in the EU. UAE has endorsed bombing Iran. Saudis and Egypt have made similar statement. Are they ALL Neocons too? He is not talking about ground invasion or occupation and over throwing the government, he is talking about strikes against the weapon threats, not civilians. And you disregard the numerous criticisms Schiff said about American interventionalism and keeping out of other's affairs. U aren't fair or balanced.
jtravis282 1 year ago
@jtravis282
So, you think we should our foreign policy cues from brutal dictatorships like Egypt and Saudi Arabia? Can we assume that you were a Bush voter?
Schiffty Pete is just another Republican neocon masquerading as a libertarian.
AtlasShruggery 1 year ago
@AtlasShruggery So people like Sarkozy, Merkel, most Democrats including Obama are neocons that supported Bush and take their foreign policy cues from the Arab States? All believe as Schiff, so it must be true using your convoluted logic.
jtravis282 1 year ago
@jtravis282
You must be confused. None of those people called for a preemptive attack on Iran like Schiffty Pete the Neocon has.
AtlasShruggery 1 year ago
@AtlasShruggery Actually, the other were talking about preemptive strikes, Iran does not have nukes now. Obama said, "all options are on the table", or google "Sarkozy hints at Iran airstrikes" or UAE ambassador backs strike on Iran's nuclear sites. Schiff was talking about a hypothetical after the facts. None of those people I mention are neocons. You have no idea what a neocon is.
jtravis282 1 year ago
@jtravis282
Here's the relevant quote from Schiffty Pete:
"We tell the Iranians: ‘This is where we think those weapons are, you need to let our inspectors in there.’ If they don’t let us in, just blow the place up.”
Schiffty Pete sounds just like Bush and Cheney. He's just another neocon Republican.
AtlasShruggery 1 year ago
@AtlasShruggery if that's true, it's fucking insane. it's because he doesnt have a foreskin. thats why he's so violent. I knew it from the beginning. BAM. there u go, same shit, different dick.
gingowitch 1 year ago
@jtravis282 dont attack his personality, find out if schiff really said that. i want to know.
gingowitch 1 year ago
@gingowitch See my response to Atlas. As for personality flaws, dude, your obsession with circumcision and masturbation is bizarre to say the least.
jtravis282 1 year ago
@jtravis282 i read it and it was such bad english the message didnt come through to me. U must be one of those people that think masturbation is good for u and having ur head get smaller is good for hygiene. Get real mannnnn.
gingowitch 1 year ago
@gingowitch My english is fine. U just aren't familiar with that particular topic. Masturbation can be good or bad. If you do it as a substitute for a real relationship, it's bad. But why would u avoid it? Are you puritan from the 18th Century? I don't care if you are for or against circumcision. What's nutty is you are trying to equate it with Schiff's politics. As though being circumcized makes people become violent and he needs to grow a forskin. What the hell? U are neurotic about it is all.
jtravis282 1 year ago
@jtravis282 im plenty knowledgeable about the topic, but it doesnt answer my initial question at all: did peter schiff say he would bomb iran if they wouldnt let him enter wherever they like. lol this is what i wanted to know mannn! Masturbation changes ur body in ways unimaginable, and it makes u have a pencil dick. there are no benefits to it.when u lose energy it becomes a substitute. the most sensitive part of the cut dick is a scar. so dont tell me this bs. u know that's why schiff ...
gingowitch 1 year ago
@jtravis282 ...would say something like that, that he would just sign off on an attack. that's quite irresponsible and it directly a consequence of not having the mental stimulation in the third eye crown chakras area of the forehead and top of head. that is why circumcised people have small shriveled up heads. circumcision is a plot plain and simple, and it's time people realized this. and they are really, subconcisously also.
gingowitch 1 year ago
@gingowitch I doubt u can convince jews and the billion + muslims to stop the practice, it's part of their religion. Look at the most brutal people in history like Genghis Khan, Romans, Alexander, Hitler, all of them uncircumcized. Jesus was circumcized and was the most peace loving man that ever lived. So your theory does not hold water.
So if masturbation gives u a pencil dick, then so would intercourse, right?. Are u saying we should abstain from sex altogether?
jtravis282 1 year ago
@jtravis282 no sex is a much better recourse than masturbation. Back in the ancient times people were war like, and they fought wars themselves for the benefit of their nation. today circumcision makes men weaker yes u are right. But what it does to society is make the society weaker. it does not end all wars. u have to look at the mindset of people who want others to die for them, this is because of their weakness imposed upon them by their fathers. circumcision is barbaric.
gingowitch 1 year ago
@jtravis282 ps the new testament speaks against circumcision in numerous locations. u should just restore ur foreskin and say to hell with limitations.
gingowitch 1 year ago
@gingo What the New Testament means it is no longer required. Some thought the uncircumcised were "unclean" and it was necessary for salvation. Jesus fulfilled the law. The NT points out that the circumcised and uncircumcised can be saved.
I am not arguing for circumcision. You may be right for medical reasons. However, your theories about it being a plot, or it makes you weak, or a warmonger is over the top. I doubt there is any credible evidence or studies that suggest this view.
jtravis282 1 year ago
@jtravis282 lol, what medical reasons did i state, i only stated the reasons that u deem untrue. look, i am a man, not satan, i know this to be true. a scientist does not, because he is trained otherwise. there is evidence from various pro circumcision groups that state 90 percent of gays are circumcised, and that it does cause brain damage. in fact they think that is a good thing for "society." Google "circumcision brain damage." it is the first result.
gingowitch 1 year ago
@gingowitch You suggested it is not hygenically necessary.That used to be the medical reason given. You point me to an article in CIRP, an anti-circumcision group. They are going to be slanted, don't you think? So I checked some other sources. The British Medical Association said that circumcision research is contradictory and often subject to claims of bias.
Are u saying it causes homosexuality? If so, wouldn't there be more gays among jews/muslims/americans vs europeans?
jtravis282 1 year ago
@jtravis282 reasons for circumcision have changed so much over the centuries, it is a joke. there is no reason, except to make the boy weaker than he should be. If he is weaker than he should be, he poses no threat to those behind the plot of circumcision. And there are many more gays amongst jews than any other group. Ur logic against cirp is laughable. They made the group because they wanted to get the truth out against circumcision, not because they were born hating mutilation, o wait....
gingowitch 1 year ago
@gingowitch but for your theory to hold, muslims, americans, african tribes, etc must have a high percentage of gays. if not, then it is not the circumcision that causes homosexuality.
Now show me where cirp says it's a plot to weaken the males so they fight the wars for those in powers. That's your own conspiracy nut theory. I bet even cirp would say that is a crazy notion.
jtravis282 1 year ago
@jtravis282 u are so defensive about a scar on ur penis, u know it is wrong. dont blame me or anyone else for what your father did to u and ur subsequent shortfalls. The power is in your hands to restore your foreskin. Now, if brain damage is caused by circumcision, and circumcised people's heads are smaller, then obviously that plot is true. check out the vid on my channel.
gingowitch 1 year ago
@gingowitch Do you know what "projecting" is? Google it, cause you are doing it now. I am not attacking u for being against it. I am just not buying your plot conspiracy.
Being against circumcision is fine. But when you conjure up conspiracies and plots, this is not rational. It means there's something more going on there psychologically. You should explore that.
jtravis282 1 year ago
@jtravis282 lol no fool. something wrong is going on in your brain, because u have not yet realized that nothing is coincidence, and surely nothing so widespread as circumcision has no real purpose.
gingowitch 1 year ago
@gingowitch said "surely nothing so widespread as circumcision has no real purpose."
Yes, but that's not what we are arguing. We are arguing whether it is a plot to get males to wage war. Just because circumcision has no purpose doesn't mean you should just make up fantacies as to why it exists. The reasonable explanation is that it's an old religious tradition/tribal practice. That's all. Nothing more. End of story.
jtravis282 1 year ago
@jtravis282 ps freud is circumcised. hahaha.
gingowitch 1 year ago
@gingowitch ps my guess is you had a bad experience. were you once with a girl and she laughed at your penis saying it looking like an ant-eater?
jtravis282 1 year ago
@jtravis282 no never. that is a pathetic jab by mutilated school boys. I am immune to that. I am going to stop talking to you. u are a dead head, and if u were smart you would restore your foreskin.
gingowitch 1 year ago
Hey gingo, you are a rat. All this time you were saying people like me were brain damaged, weaker, have a pencil dick, etc. And I took it all in stride. I make one little "anteater" joke and you get all bent out of shape. No you are not immune to it, if you were, you would have laughed it off. You just have a hang-up that consumes you and if you were smart you would try to figure out why this is. The problem is not what is going on outside, the problem is what's going on inside you.
jtravis282 1 year ago
To be more specific, I invested roughly ~$60K following what I thought were Peter Schiff and Marc Faber's better ideas, commodities and precious metals(physical bullion). Then, I hedged against their gloomy portfolio with some dollar based assets(US stocks) in the event they were wrong. So far I have cashed in $36K in precious metals and still have $60-70 value remaining, while I lost the majority of the value in my dollar based Bull market portfolio. I guess Peter Schiff was right..
spacepoliceman420 1 year ago 6
Don't worry Peter we know your predictions are great. For anyone that doesn't believe just search YouTube for "Schiff was right"
sang3Eta 1 year ago
Success or Failure? I can only judge Peter Schiff (and Marc Faber's) wisdom based on my personal experience using their strategies to protect my hard earned savings. I did not open an account with EuroPac, but I instead used the free knowledge they were kind enough to provide to create a diversified portfolio of assets beginning in 2005. I have recently cashed in some of these, while avoiding the losses I witnessed many of my friends and family suffer through the past few yrs. Peter Schiff FTW!
spacepoliceman420 1 year ago 2
I had no idea the WSJ was so bias. Peter you opinion is totally relevant.
rkhoja 1 year ago
Anyone on the left only wants immediate gratification and total agreement with their pre-conceived radical agenda despite facts to the contrary.
ObowMao666 1 year ago
mr. schiff.
truth tellers rock. keep up the good work america is watching.
peter schiff for president? 2012? as an independent?
dzyns 1 year ago
@dzyns not only America :))
vodof 1 year ago
Peter, don't worry about the WSJ or any of the firms that depend on the continued fiat system and Keynesianism. You are trying to prove you're correct to people that are either intentionally misleading, or unintentionally stupid. Neither of those change the fact that you are credible. Millions of people DO KNOW YOU ARE CORRECT and that our nation cannot reach a new golden age without taking some really harsh medicine that may take decades to cure what ails us.
Thanks for your vlogs!
imperialfleet1 1 year ago
Hey Peter, I saw the WSJ video and it's not so bad. It doesn't put you in a particularly favorable light but it's not that negative either. It's good that even the mainstream right wing media thinks this way because the smart people can make even more money while the rest are still fooled.
martintheguitarist 1 year ago
Hey Peter, the Australian ABC 4 Corners show gave you and Gerald Celenta a huge positive run, saying that you both are like economic wizzards. They may have eddited a heap out though (About the truth that is)
It is hitting main steet TV here about the coming Depression.
PlatinumGordon 1 year ago
WHO IS MOST OF THE DEPT OWED TO? IS IT THE FED?
PlatinumGordon 1 year ago
This has been flagged as spam show
Speaking of investing... has anyone been able to open an account with Euro Pacific Capital recently? I submitted the "How To Open An Account" form on their web site about 2 weeks ago, but no one has contacted me.
Are all the folks over there really that busy, or are they prioritizing new account requests in descending order of indicated net worth?
qralston 1 year ago
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qralston 1 year ago
Peter, I thought you were exaggerating about the WSJ article... until I read it. The article is a naked hit piece.
Unfortunately, by accurately predicting the crisis, you made many so-called experts look like buffoons, and I think much of the animosity directed toward you is a result of that. But you also paint a picture of the economy that many people don't want to contemplate, and a natural reaction is to attack the messenger.
qralston 1 year ago
Peter Schiff on BBC Newsnight. First time, i think.
It looks everybody is waking up to the phony recovery. Even the socialist / propaganda BBC
sansez 1 year ago
@sansez Was that on Friday night, sansez? Will watch the re-run on iplayer if so. And to think I get bombarded with boringtweets from @bbcnewsnight all week and then they don't tell me when Peter is on!
tomm1111 1 year ago
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@sansez Was that on Friday night, sansez? Will watch the re-run on iplayer if so. And to think I get bombarded with boringtweets from @bbcnewsnight all week and then they don't tell me when Peter is on!
tomm1111 1 year ago
I don't understand the paintings and posters reference in the underbar. Is that just because the WSJ said you had some expensive paintings?
christo930 1 year ago
It seems to me that their biggest gripe was that the strategy you laid out for the crash you predicted didn't play out the way you had hoped. The whole point with investing with you is to not lose your money when economy crashes. So even though you were right, they still lost. Was that loss offset by the years of dividends and growth before, or the recovery after? I don't know.
christo930 1 year ago
@christo930 Yes, but the economic crash has only just begun. I prepared people for a crash where the dollar goes down, not up. I still believe that is how it will end. However, I did have some clients in a hedge fund that shorted subprime mortgages, and that did return huge short-term results as the collapse began. I also advised people to hold cash in case foreign stocks or gold went down before they went up. Those who followed that strategy very did well.
SchiffReport 1 year ago 8
@SchiffReport Thanks.
christo930 1 year ago
@christo930
Do you actually think that everyone invested with him on all the market tops and sold on the bottoms ? Guess what,,, they didn't.
Euro pac gained it all back in 09 anyway and are still positioned properly for the main event, the currency crisis.
Harshjones 1 year ago
@Harshjones I think Peter answered my comment/question well enough and politely enough. No real need for your comment.
christo930 1 year ago
@christo930
I am a student of Austrian economics so a knock on Peter is a knock on me. Your original comment was more offensive then you think and I honestly don't know how Peter can take it.
Harshjones 1 year ago
@Harshjones As am I, and a fan of P. Schiff. My comment was largely a question, which he answered. It's not worth fighting over, so just forget it.
christo930 1 year ago
Hey Peter, Keep doing what you're doing. WSJ be damned !
gailyanne 1 year ago
Figures they have footage of your dog not dropping the frisbee at the same time the taking about: incorrect predictions, extreme forecasts and "don't listen to Schiff" garb.
Peter I have two questions for you:
1. Does your dog usually listen?
2. Will you consider being a guest on my show?
(You inspired me to start it.)
Mike V
thevictoryreport1 1 year ago
What a strange an unfair article, not what I would expect from the WSJ.
I think ultimately people choose not to believe what Peter sees in the future because its too ugly for them to comprehend.
matt81874 1 year ago
I read the article and watched the video. I didn't think it was a hit job. I thought it showed that Peter was human, that he had one missed prediction, but it mentioned that he was "devastatingly right" on the housing bubble. It said he was way out in front of the tea party folks - that's good ain't it?
I think Peter is perhaps a bit too sensitive.
Now Peter is predicting a bond bubble. In a year to two perhaps we'll see more videos claiming peter was right. Only time will tell.
rocketship111 1 year ago
You should frame the WSJ article and hang it on your wall.
kylethebomber 1 year ago
On thing I'd like to see in a Peter Schiff video is a heading 'who needs a job when houses are $10,000'. If government would let prices reset, people wouldn't have to work as hard to pay for a home. I don't understand (especially in a non recourse state) how this would be bad. Right now (as peter stated) people HAVE to work becaues they have to pay debts (which I disagree with peter in that this creates a demand for $). But with tech efficiencies why can't we ben from falling prices?Dangit!
prasnb 1 year ago
Hey Peter...next time you see a camera , hide the maid, lock the garage and chill out with yelling commands at your dog...We all do the same stuff but your public persona puts your every move under the microscope...these were rookie mistakes that should be avoided next time.,.,remember, no one will write a nice story about a guy who is in the minority ( especially one who is "negative")...my advice, is suck up some pride and consult with a PR firm before you get that kind of media coverage.
sanderch 1 year ago
Hey there Pete, I'm starting to get a feeling that no matter what you get right you will not receive any credit where it's due. I needed some advice on CAEI? what do you think?
SharkN5I50 1 year ago
F-ck Wall Street Journal!!! Its all yellow journalism anyway!!
AldoRama69 1 year ago
Well because the more people appear poised to spend, the more businesses will hire.
baigandine 1 year ago
Peter, I have an account with you. It lost a little but, is back up over and above where we started.
You need to do Live TV Only, nothing taped so they cannot slice and dice your comments. Celente and Chapman (mostly radio) will only do it that way.
wakeupsheople 1 year ago
Hi Peter
I live In Australia and it looks like a housing bubble is building up here, the prices have skyrocketed in the past ten years thanks to the low interest rates and government incentives. The government claims that the high prices are due to housing shortage I am not so sure. Would you be able to shed some light on this subject. Thanks
Maxotvp2 1 year ago
Hey Peter! I love your videos man, I was just wondering if you can put them up for download once in a while? I don't even care if you charge, i really would like to keep these as a way to help me out in my studies, thanks.
DarkFrostX5 1 year ago
quick question peter
I've been thinking about buying a house this year but I'm not sure if I should buy it now or will prices continue to go down?
willyjones7 1 year ago
Peter, Sir keep up the good work. I have bought and read Crash Proof 2.0 and love listening to your videos. On the price side you are very reasonable. I have a subscription to another wise man, but he isn't cheap. The most important thing is the knowledge and being able to see what is going on and where it all is going. This helps me preserve far more $ than the price of a book or two or even a subscription to other more expensive information sources.
coolhandjackman 1 year ago
Peter if you ever come down to Australia, I will be the first to welcome you to our fine country. Please come!
PLooBzor 1 year ago
forget the press peter. Truth will set you free, and it spreads like a wild fire in times of deceit. I see right through wall streets bogus.
JordanGreiner 1 year ago 2
Peter, everyone knows you can't use housing as a lead indicator its always been a Lag. Taxation for the rich the middleclass or at what ever level is a simple misdirect the challenge for America is no different than for every other country in the world. Invest in our people middle high lower create new or expand exisitng high end Value added jobs. Without which no Jobs = No purchasing power = no market expansion = Third world.
gyice 1 year ago
Peter Schiff seems to have been quite naive by believing that the WSJ would be fair to him "this time" when in 2009 they weren't. Maybe those people who say the WSJ and others are working for the govt and the fed and the big banks? How else would Peter Schiff explain how he's treated by the MSM where they either smear him or ignore him?
elnik32 1 year ago
SHEEP USUALLY GET SLAUGHTERED............
MEXBOL 1 year ago
Peter, why don't you write an artikel for the NYtimes or Washington Post explaining exactly what will happen and when this will happen? Giving an precize prediction will prove you are right (or not right). Can you give a S.M.A.R.T. prediction?
cultuurcommentaar 1 year ago
Right on Peter. You have helped me understand a lot about the economy. I talk about Crash Proof to people all the time.
MoneyBags73 1 year ago
wsj owned by murdoch. fox and wsj hate libertarians and work for the rnc exclusivly. they don't want to end corruption in D.C. they just want thier crooks in power.
MrRontree 1 year ago
@fluff125 lol your an idiot ofcourse hes gonna try and sell stuff, if you bought his books youd be better off. Its motivational speakers not charging for their hard work and service, hes a pro and his advice is wise he should make money from it maybe you appreciate it more you freeloader go collect your unemployement.
jezza1789 1 year ago
if it were up to Republicans, they would let theBush tax cuts for the middle class expire and give an even bigger cut to the zillionaires.
TrojanMike60 1 year ago
Well Schiff, it's been fun. I was with you from the beginning. But then I got this advertisement from you,"The Little Book of Bull Moves: Updated and Expanded!"
Sure I am a capitalist, but when you are appealing to peoples herd mentality and using Libertarians as a cash cow from which you make periodic withdrawals with BS books, and endless video blogs, all containing the same repetitive talking stream, that is when I use MY freedom of choice to say NO!
I am officially ending my Subscription
fluff125 1 year ago
Respond to this video... f125 So let me get this straight. Are you saying that I should not write any books, or that I simply should not let people know when a new one comes out? You seem interested in watching my videos for free, but object to paying $13.50 for a book. (out of which I make about 1 dollar myself). How can you claim to be a capitalist if you think my publisher, Amazon, and myself should lose money giving my books away for free?
SchiffReport 1 year ago 47
@SchiffReport That reminds me, I still need to pick up Why an Economy Grows, and Why It Crashes....
takerdust 1 year ago
@SchiffReport thanks for the free stuff Peter
spineadjuster13 1 year ago
@SchiffReport yeah this post by fluff doesn't even make sense. I still believe that a crashing stock market will create a demand for dollars, not because people want them (fiat), but because they NEED them to pay debts. But other than that - I agree with everything you say.
prasnb 1 year ago
@SchiffReport Ur the victim of the Socratic Method there, fluffy. ;)
Vaserlan 1 year ago
@SchiffReport Mr Schiff, does redistribution cause price "elevation" by taking net money away from investment and increasing consumer demand?
Vaserlan 1 year ago
@SchiffReport Could you please do a vlog on the Fair Tax? - esp the way it would improve the US trade balance by:
US exports: no embedded taxes + no Fair Tax
Imports into US: embedded taxes + Fair Tax
US produced goods consumed in US: no embedded taxes + Fair Tax
Vaserlan 1 year ago
@Vaserlan to others reading this: embedded taxes = production taxes eg payrol, corporation etc etc [and the foreign production taxes embedded in the products imported into the US]
Schiff: "What you tax, you get less off." me: "So don't tax production, then. Tax consumption ... but not too much." ;)
Vaserlan 1 year ago
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@SchiffReport to others reading this: embedded taxes = production taxes eg payrol, corporation etc etc [and the foreign production taxes embedded in the products imported into the US]
Schiff: "What you tax, you get less off." me: "So don't tax production, then. Tax consumption ... but not too much." ;)
Vaserlan 1 year ago
@SchiffReport Thanks for all the free videos made over the years. I have been entertained and have learned much. Please do not stop making them. I also have enjoyed reading "Crash Proof" and "How and Economy Grows and Why it Crashes". These books have allowed me to better understand economics and investing. I am more than happy to purchase anything you have to sell and I appreciate being notified anytime something new comes out. Thanks again for helping me to become better informed.
Lengarces 1 year ago 2
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@SchiffReport
I love how all these guys say they are ending their subscriptions and then they say the same thing on the next video. I wonder how they know when you make them Peter, maybe they are telepathic?
CHo0ZE 1 year ago
@SchiffReport Well said. I guess there will always be some people who are never pleased, no matter what. I always follow your videos and have bought your books. Please keep them coming. I am from the UK and I wish we had more people over here speaking the truth like you do. I have also made a great return on my portfolio by listening to your advice and stocking up on commodities. Keep up the great work and many thanks from the UK.
theguvnorjimmy 1 year ago
@fluff125
What's wrong with making money on a book?
Peter shares a lot of knowledge with us for free respect that.
edjuh10 1 year ago 7
@fluff125 are you for real? grow up
nsolcis 1 year ago
@nsolcis you guys are pretty dumb. Peter portrays an "average Joe" image so that he can appeal to the "common" folk, but he isn't one of "us". He isn't unique though--he just wants to enrich himself like everyone else.
Be thankful, however, that not everyone has sold America down the river and hedged against it. If they did you guys would be out of a job. And probably, I might add, crying for unemployment extension.
TheWBAH 1 year ago
@fluff125
BS books? They belong to the best stuff about current economic situation you can get and contain alot more than these video blogs. I doubt you actually read any of them...
MushroomCloud666 1 year ago
@fluff125
I love how all these guys say they are ending their subscriptions and then they say the same thing on the next video. I wonder how they know when you make them Peter, maybe they are telepathic?
CHo0ZE 1 year ago
@fluff125 Peter Schiff donates his time and provides free videos for people like you and me to watch and LEARN from. People appreciate the fact that he informs us of any books or speaking engagements that he is providing. He can be doing plenty of other things than providing a free video for all of us to learn from. You expect him to do all of this for free? I think you are taking a few things for granted and need to get over yourself.
Unkn0wnGuy 1 year ago
"A garage filled with foreign cars." There were three cars. There are many families that have three cars. The article was trying to imply many more cars than what were actually shown on the film.
sakafujiwara 1 year ago
Peter. We will never listen to the mass media campaign against you. We know you are not just in this for your own gain. Just remember that you have helped so many people understand what is going on and have helped them prepare. You are a savior to so many people. Leave the people who did not hear your warnings to fend for themselves.
dpla5762 1 year ago 3
Your the man Peter ... you dont need to defend yourself to your followers.. I remember watching all those Economists laughin at you when you predicted 2008, and these idiots still want to give you a hard time... your probably harming their investments by telling it how it is :)
angie7dino 1 year ago
Why are people still sooooo blind? How many rounds of "Peter Schiff was right" do we need?!
Miamijunglist 1 year ago 3
Well WSJ is just an US equity hoe ! Just as good as CNBC!
S
StyngRay1 1 year ago
"Yes I do have paintings hanging on my walls, so what. What should I hang on my walls, posters?"
Hah.
MooseOfReason 1 year ago
I just read the WSJ article and saw their video. It really wasn't that bad at all. Though I do think it was out of character--downright weird, actually--for them to point out that you have "imported" cars and a mansion with a pool. WSJ typically champions the upper class.
JoshuaSethComposer 1 year ago
This has been flagged as spam show
from a 22 year old who trades forex, you're the man. it's nice to see somebody older who KNOWS THINGS
darkmorg 1 year ago
Comment removed
darkmorg 1 year ago
just finished reading "how an economy grows, and why it crashes" - I wish it would be made into an animated clip, I think my friends would be less hesitant to watching a video than reading a book on economics.
already lent it to one friend, my mum wants to read it next. planning to get it around to all of australia by 2012 :P
LibertarianChristian 1 year ago
For people who read Crash Proof 2.0, does Peter talk about housing prices falling. I thought he was a believer in inflation?
high5flyer 1 year ago
DId I read the same article as Mr. Schiff did? He should stop whining.
In a year or two nobody will care whether he or anybody else predicted this or that. It will about solutions, not doom and glooom.
geir44 1 year ago
Peter im moving to oregon in a month , down heart salem , i have acurrent dre license ...and am curently a re photographer , my wi fe is fro thailan combined both of us have a total 30 years mgmt experiance...we would like to know if you would want to open a euro pacific capital in SALEM oregon...
sincerly
Do L Kolodziej
ibelucky1 1 year ago
This opinion piece doesn't even mention *why* Peter believes a bigger economic crises is coming, much less give details about it or try to refute it. They just say Peter thinks this and "most observers" think otherwise. Well most observers (including the WSJ) were wrong before 2008 and they are wrong now.
And what about that dollar rally? Isn't the dollar still way down from where it was 10 years ago?
DSBac 1 year ago 2
Peter, Look at the level of debt, the number of mortgages that will default if the interest rates go up, the fragility of the banks and you know that the fed can't possibly raise interest rates. We are headed for a currency crisis because the fed can't raise interest rates.
EdR77203 1 year ago
ask yourself. "would I buy this property today or maybe wait until it comes down some more?"...until the answer is yes, prices will continue to drop regardless of what anyone but the market does or says...the WSJ is government media Peter. It's like getting criticized by the village idiot...they are all the same cut, like the real estate lady...instead of telling Americans to save and prepare for serious international competition, they sell consume, consume, consume...
imataxslave 1 year ago
In a way when Schiff does get it wrong some times is proof that he is a legitimate and excellent economist. Because what you've got to remember being right all the time is impossible and is a big flag that some one is fraud. This is what happen with Enron and Bernie Madoff they were right in their decisions all the time and made money when it was impossible. Schiff on the other hand being the real deal gets it right most of the time, some time he's wrong but admits it, and takes loses
poetyaright 1 year ago
Of those who view this channel and you are not in the upper class peter doesn't think you should never get a tax cut.
rj5261 1 year ago
No worries Peter. I and many others believe in you and your strategy. I did plenty of research on your strategy before moving my entire IRA to EuroPac. I am very confident in its future. Your strategy is solid and makes perfect sense. There is nothing "tricky" about it. Pure fundamental analysis.
kgarred 1 year ago
WHo is this bitch on the interview? Ill smack her upside her head. Anyways, nice house and can i be the muscle behind the shotgun(s) handguns or whatever weapons you have. Ill be your body guard and only i want in return is bread and water.
MIT2004 1 year ago
Rock on Schiff. No worries on WSJ, they're establishment liberal. WSJ, NYT, MSNBC are all in the same camp. Those of us who listen to you, know different!
cooperbry 1 year ago
Can't wait to see this WSJ video used as footage for Peter Schiff was right again and again!!! see I told you so!!!
wreckn1 1 year ago
You rock Peter! You tell it like it is. Don't let the media discourage you.
Tyler44JL 1 year ago
Peter nails it.
boat6868 1 year ago
Don't give up, Peter - one day you will get the credit you deserve!
jcortez73 1 year ago
Thanks Peter
ExhibitMan 1 year ago
What do you expect? You really want CNBC or WSJ come on and says: "Economy is in terrible shape. All real jobs are out sourced and we are heavily in debt. Now we all have to work like crazy because wall street bankers took all the we had"
capaneo 1 year ago
Stop doing articles like that. Forbes Magazine ambushed you too, but you kept it cool. Next time, have these magazines sign a legal document about the intentions of their article. If it is a hit piece, then you can tell them to f off and write it without your help. Get some pre-approval legal document. Also, the comment in your video description is odd: "Yes I do have paintings hanging on my walls, so what. What should I hang on my walls, posters? I'm 47 not 17!!" Take it down.
ArchaicRevivalx2012 1 year ago
A good reputation is like a football, as soon as you get one, people start to kick it around.
marketwatch101 1 year ago