We built more houses than we needed, now we have too many homes. Who says they are too high? The people not buying them, that's who. That is who ultimately is going to determine the price.
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That guy talking to peter is a perfect example of freedom of speech. Any idiot can sit there and say whatever stupidity s/he wants... As far as why the candidates didn't mention anything about the reality of the economy, well in a democracy politicians gotta do whatever it takes to get elected. Based on that anything is possible... Honestly, neither McCain nor Super Obama can define economics.
wow as someone who knows little about economics, I can say that Peter Schiff is confident, cool and collected, and the other guy just comes across as an idiot.
That guy asked who won WW2. It was the american capitalist. We had a more capitalist economy then any other major power in WW2, and when the capitalist economy was turned to war we buried the Axis under our war machine.
luckycharmz336 -- You can not just change currency , and fix all of your economic problems , Problems of USA economy can not be fixed with AMERO or something else. IF it was that easy whole world would be rich.
Oh yeah, housing prices really stabalized back in September of 2008. I'm sick of morons on tv. Unfortunately Schiff lost the senate primary. That was a real set back for America, because the citizens proved in that vote that they are still idiots.
NOBODY will attack Russia except Russian Goverment ...
But they have learned from the past not to repeat things from the past.
Goverment Runing the economy is not GOOD people , believe me.
They screw things up , They just screw things up. Companies go bankrupt , Than they take money from profitable companies , and cover losses of unprofitable companies creating bigger mess ...
Leeb if you happen to read these comments please note your are not intellectually equipped to debate Peter Schiff. Furthermore, you act like a child and interrupt constantly. You need to stop and look back at all that you said and think 'wow I was completely wrong'. The Government could not prop up housing as the past year has proven. Furthermore, the worst thing that can happen to the USA is the collapse of the dollar which will cause total chaos, you darned fool! LOL
He doesn't seem to have an understanding of math and science either. I posted a similar message in another video, but most of his detractors seem to think VERY non-mathematically and don't understand science, data gathering, and data interpretation. They also seem to be unable to make logical steps, but that's very common.
Wow, this Schiff guy is doing nothing but repeating a simple ideological mantra that "the government" is always bad, whatever it does, no matter what, because it's called "the government". He has no argument behind it, no analysis, explanation, or causal story. Just shoddy analogies to the USSR and ZImbabwe. He appears to not have a technical understanding of the issues.
Sure, look at Medicare or VA hospitals, or the health system of any other industrialized nation on earth. Look at the WHO statistics showing France's public/private hybrid health system as #1 and the US's system as #37, while costing much more. Look at the fact that the NIH and NSF produce the best science research in the US. Look at the fact that UC Berkeley is one of the best schools in the country and yet is public with in-state rates for CA residents. Look at city-owned utilities.
Medicare is broke. Medicaid is broke. Social Security is broke. Amtrak is broke. Post Office is broke. Berkley? It's ran as a private organization with federal funding. So, let me say again. Show me an example of government spending producing profits, lowering costs, raising quality...
Um, it's not about profit, it's about providing a good service to consumers. That's the whole point of public ownership. You asked for good prices and good quality, not profits for the controllers.
It's not just providing goods and services. It's about raising quality and lowering cost, neither of which the government is capable of doing (hence the question). It kind of is about profit margins because the taxpayer subsidizes all losses over and above the initial cost to them. As a taxpayer I do not approve. That is all I have to say on the subject, if you do not get it, then you do not get it. Believe whatever you want to believe.
You are wrong. It is not necessary to make a profit in order to provide a good product. There are several non-profit HMOs in the US today. It is only necessary to break even. In fact, one way to become nonprofit is to lower your prices and increase your quality (i.e. cost of production) to the point that it shrinks your profits to zero. That is simple accounting. A government is a large organization just like a company and has the same inherent abilities, only it's accountable to voters.
Profits are irrelevant. Medicare is not broke now but will be when all the boomers start enrolling, unless we do something to fix it. It provides good health coverage to seniors however, with much lower overhead that private insurance. It's just coming up against a demographic shift.
You didn't answer my examples of NIH and NSF, because they are unassailable. UCB is a public school supported by the gov. So are UT Austin, UCLA, West Point, UNC, Naval Academy.
I laughed for a long time when steve leeb says the government is going to make money out of this.The government doesn't make money it takes money from everyone else, they have no idea how to make money.
The guy arguing against Peter is a true idiot. His point about WWII was retarded. The government funds the military to fight wars. That's one of the few things the government should fund. However, a capitalist economy should primarily regulate itself. The government may need to modulate the economy a little but should pretty much stay out of it. It shouldn't intervene in times of economic emergency. Let the economy fail big time, and it'll come roaring back.
How do they think this problem started? Its common sense lol. I cant believe Schiff is seen as a genius when all he does is speak common fucking sense. Not to put down Peter, but rather to put down the idiocy of the mainstream media and the rest of the nation. Oh well, keep it up Peter.
Leeb is an idiot for sure.. I listened to Ron Paul and Peter Schiff principles a year ago.. bought gold and silver and stayed out of stocks.. thank god for people like Peter Schiff..
While Leeb is correct that we need more resources, he has no clue how to best obtain them. Government is terrible at deciding what to use for alternative fuels, just take the ethanol subsidies as an example. The politicians will simply whore out their ideas to whomever finances their campaigns. He is even wrong about his argument about who won WWII. The WAR CONTRACTORS won the war, not the government. Thats why they are so powerful now, they dominated WWII and now our govt as well. Dumbass.
The average American is smarter than I thought. Looking at the comments below I'm surprised how many people know the righteousness of Peter Schiff. Much respect due to you Austrian Economists.
The difference between these 2 is that Leeb sounds like a desperate man when he talks. Like he wants what he is saying to be right but deep inside is actually shitting his pants!
I can't believe they put that sniveling small headed geek on tv. Even if he did know what he was was talking about, he fails simply because he is so damned annoying. Seeing his little wormy ass talk like a hyper active 3rd grader gives more weight to Peter's points.
He's had to do it multiple times. Most recently, he's debated him on the 20th. He got pissed, hahaha. Told that Leeb guy "Stop talking!" but he wouldn't listen.
leeb argues that the market needs more credit, but what is credit?...it's debt, he's arguing that america needs more debt, which they cannot afford, is that really a sound argument?
There seems to be a big disconnect in the media about the availability of credit. I keep seeing lower interest rates offered all around me. Bu then the media or politicians say the banks took all this money but aren't lending. WTF?!?!? The only think I can think is that the banks are no longer making BAD loans, so all those businesses and individuals that are not credit worthy (i.e. Trump) say that credit is frozen. Its always been frozen, with the exception of recent years, for them.
Steven Leob (spelling) is the same idiot that said the economy was doing just fine in 2006. He's the one that also said the financials were a great buy and in good shape. Keep listening to him and we're all in deep shit. Shiff is the only one who's been calling a strike a strike and a ball a ball. These other idiots shouldn't even be in the game.
Why is it, that all those who tell the truth, are goodlooking, well spoken, and intelligent, and those who lie, look and sound like lil mice trying to get you to buy more cheese and put it in the cupboard, where they have conveniently borrowed a hole into?
stephen leeb is the DUMBEST WEAKEST IMBECIL GERBIL FUCK IN HISTORY. cnn loves this guy and peter schiff shouldn't lower himself to argueing with an economic reetard. cnn's biz reporters are worse than fox........christine romans reminds me of brittney spears and ali velshi is a fast talking c-student.
@5.26 ...The whiny voice dude say's, that "Russia marched into a prospective NATO country," that's news to me, when did this Prospective country join the NATO. He's a typical little Zionist propagandist, big lies & all. All f..t no S..t!!!
I cant believe i listened to that weasel for 10min. Typical Elitist puppet. His whole purpose was to use his annoying voice to talk over Peter every time he tried to make a point.
That joker with the high pitched voice was screaming like a complaining bitch. He had no point to make, and just cut off valuable air-time with his screams.
It is so funny to see Peter with other so called experts on these shows. Instead of giving their views on issues they always turn it into personal attacks and try to put Peter down.
2:50 Peter says Real Estate has to fall. Couldn't agree more. Would love for my teenagers to be able to buy an affordable home for themselves in their early 20s, just like I did 20 years ago.
This impending collapse will likely give them a chance someday.
peter was right 3 years ago. and sorry to the other dude, but i think hes right this time too. how is govt gonna get out of this mess? by printing money! = inflation if not hyperinflation. simple macro if you ask me...
Wow, that retard kept talking and acting like Peter is wrong. The sad part is both right and left wing media push Schiff and Paul aside despite the fact that they're ALWAYS right. They predicted this mess, they presented ways to prevent it, and are telling people how to get out of it, but NO ONE IS LISTENING!
RP and Schiff need to be running the show from the top. This is ridiculous.
Little alarms should start going off in people's heads whenever the silly "burning house" analogy is used. "The kids have set fire to the house, do you punish them or put out the fire?"..."Your neighbor's house is on fire, do you admonish him or put it out before it reaches your house?" It's not that simple. Kids are not in control of the economy, and your neighbor's house has a $700 billion insurance plan. He may have set fire to it on purpose.
the $700 billion package is like trying to put out a fire with gasoline, something George bush would do after snorting coke and finding out his crack pipe set the white house on fire.
Lol yea, too bad most Americans don't hear about it on TV/Radio. Did you hear about Bush allowing 7 countries to enter the U.S Visa free? The catch is that they need a Biometric passport
Between these two guys SCHIFF was the expert who correctly predicted the meltodown 6 years ago! This other douche bag didn't predict SQUAT! So, who you gonna believe?
"Your child just set fire to the curtains. Do lecture your child or do you put out the fire?" is the wrong analogy. I think 'Your child stands atop a 3 foot high house of cards. Do you let him fall to learn a lesson. Or give him more cards to build a 20 foot high house of cards to stand on from which his fall may be fatal'?
schiff is right we need a recession IF we still want capitalism, which i do. the govt regulations caused this mess and whats their answer? more govt regulations.
sometimes i dont know how these idiots can make it as far as they do in our political system.
Bullshit! Americans are still paying for the lend-lease materials sent to Europe. That is what won the war in Europe, and USA had NO real HELP WHATEVER from europe in beating the crap out of Japan. Stick it up your butt. If we were in a barrom, I'd bitch slap you silly.
You are right friend, and not only that. Europe has not repaid the money used for the Marshall plan. We rebuilt their whole countries and they have not done anything but bitch. Now they are crying for us to bail their big banks out.
Housing is WAY over valued around my neck of the woods. There are NO small family farms and we are NOT self sufficient. When my dad grew up in the depression they didn't know there was one because they were on a 40 acre farm with fresh milk,eggs,butter,cheeze,meats of every kind,and fresh farm vegetables all year. Go for a ride in the "country"-nobody lives like that now but the few who do will survive this OK but we will have chaos in the cities and civil unrest/maybe even war.
GOsh, even looking away the guy on the left made me want to throw up.
How painful to hear Woody Allen/Norm Finklestein, arguing the fate of our nation at the top of his lungs so early in the morning with Peter Schiff. Oy vey!
WokNWol-
How can we restructure? We have NOTHING to restructure with, save what little Dennis Kucinich was able to hang onto.
I was reiterating a point made in Schiffs book Crash Proof. He said if we experienced a fall like the Soviet Union, we would not be as fortunate, because we do not have a strong industry in place anymore. He said our reconstruction could take decades.
Ron Paul already has my vote. Too bad no one saw this coming. If Paul was elected President in 2004, I doubt we wouldn't be having this conversation.
If our next President raises taxes on corporations, they will very likely spark the next Great Depression. That's if it doesn't come to fruition already. Our gov't is monetarily and morally bankrupt. Compounding this problem is our weak industry. The US could experience a very long and painful reconstruction period. "We're going to die from the cure, not the disease"
It's not fear mongering, it's a sobering reality. You can't argue with a guy who's laissez-faire economics is always right!
very true woknwol, schiff also said that this might be worse than the great depression because we as a nation are entirly broke where in the 1930s we had wealth. its scary to think about but ron paul and schiff said it could be the end of western civilization as we know it (meaning capitalism)
The steven guy is crazy to think that the American people are going to buy this B... anymore. He is worried about the Stock prices going down. Actually most fools bought stocks mortgaging their homes. They HAVE to get out of the stocks too. guess what? Stocks are bound to go down. Barrons??? Ha ! everyone who listened their stuff needs to be Bailed out now. It is not about making money anymore you moron it is about survival and avoiding Huge PANIC.
alternative energy infrastructure? yeah, but the gov won't do that....plus there's plenty of oil on the north american continent
MrGiggity890 2 weeks ago
The bailout happened what now tigers?
combatsambonyc 1 month ago
We built more houses than we needed, now we have too many homes. Who says they are too high? The people not buying them, that's who. That is who ultimately is going to determine the price.
USTreasuryBond 1 month ago
@yjfoo81 - I meant that Leeb should be GUILLOTINED, not Keiser or Schiff.
dink65 3 months ago
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techguyun 4 months ago
one guy had 20 home loans
sha370z 6 months ago
lol what a fag this steve guy is
fuckoff187 6 months ago
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rayan619619 7 months ago
USA is fascist country.
aviomaster 7 months ago
Wow, Leob is a dimwit.
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PauletaBaron 9 months ago
That guy talking to peter is a perfect example of freedom of speech. Any idiot can sit there and say whatever stupidity s/he wants... As far as why the candidates didn't mention anything about the reality of the economy, well in a democracy politicians gotta do whatever it takes to get elected. Based on that anything is possible... Honestly, neither McCain nor Super Obama can define economics.
Doug8521 9 months ago
What is this idiot talking about? "Russia takes over Georgia and controls the oil pipeline"? This guy is a moron.
sosdkny 9 months ago
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tiblon1 1 year ago
wow as someone who knows little about economics, I can say that Peter Schiff is confident, cool and collected, and the other guy just comes across as an idiot.
stoneecold23 1 year ago
That guy asked who won WW2. It was the american capitalist. We had a more capitalist economy then any other major power in WW2, and when the capitalist economy was turned to war we buried the Axis under our war machine.
rot2846 1 year ago
luckycharmz336 -- You can not just change currency , and fix all of your economic problems , Problems of USA economy can not be fixed with AMERO or something else. IF it was that easy whole world would be rich.
aviomaster 1 year ago
Comment removed
luckycharmz336 1 year ago
Schiff should of punched that annoying squeaky voiced nerd.
jeremyraybrown 1 year ago 2
Oh yeah, housing prices really stabalized back in September of 2008. I'm sick of morons on tv. Unfortunately Schiff lost the senate primary. That was a real set back for America, because the citizens proved in that vote that they are still idiots.
jeremyraybrown 1 year ago
@jeremyraybrown I voted for Schiff.
hotamali 1 year ago
I see USA turning into Nazi Germany of 1939
The question is who is next on the list to be bombed ?
aviomaster 1 year ago
NOBODY will attack Russia except Russian Goverment ...
But they have learned from the past not to repeat things from the past.
Goverment Runing the economy is not GOOD people , believe me.
They screw things up , They just screw things up. Companies go bankrupt , Than they take money from profitable companies , and cover losses of unprofitable companies creating bigger mess ...
aviomaster 1 year ago
WHo WON WW-II , Red Army crushed German army 7 million Germans and 15.000.000 Russians died.
Huge losses , but NOBODY will attack Russia again. NOBODY.
aviomaster 1 year ago
why does Peter Schiff agree to do these debates with Jokers like Leob
vikasjadvani 1 year ago
3:09 golden by Peter. Prices are too high and must be allowed to go down.
NewWave82 1 year ago
Situation is very serious ...
aviomaster 1 year ago
lmao @ 7:44. "Who won the 2nd world war ??" wow this guy is frantic!
19TEC85 1 year ago
wow leeb is an obnoxious childlike idiot
Depletethestate 1 year ago
Barney Frank is not that bright.
JohnBreadForger 2 years ago 4
Leeb if you happen to read these comments please note your are not intellectually equipped to debate Peter Schiff. Furthermore, you act like a child and interrupt constantly. You need to stop and look back at all that you said and think 'wow I was completely wrong'. The Government could not prop up housing as the past year has proven. Furthermore, the worst thing that can happen to the USA is the collapse of the dollar which will cause total chaos, you darned fool! LOL
globalwarmingfarce 2 years ago
He doesn't seem to have an understanding of math and science either. I posted a similar message in another video, but most of his detractors seem to think VERY non-mathematically and don't understand science, data gathering, and data interpretation. They also seem to be unable to make logical steps, but that's very common.
JohnBreadForger 2 years ago
Wow, this Schiff guy is doing nothing but repeating a simple ideological mantra that "the government" is always bad, whatever it does, no matter what, because it's called "the government". He has no argument behind it, no analysis, explanation, or causal story. Just shoddy analogies to the USSR and ZImbabwe. He appears to not have a technical understanding of the issues.
monroesq 2 years ago
Show me one example of the government raising quality and lowering prices, please.
viehe69 2 years ago
Sure, look at Medicare or VA hospitals, or the health system of any other industrialized nation on earth. Look at the WHO statistics showing France's public/private hybrid health system as #1 and the US's system as #37, while costing much more. Look at the fact that the NIH and NSF produce the best science research in the US. Look at the fact that UC Berkeley is one of the best schools in the country and yet is public with in-state rates for CA residents. Look at city-owned utilities.
monroesq 2 years ago
Medicare is broke. Medicaid is broke. Social Security is broke. Amtrak is broke. Post Office is broke. Berkley? It's ran as a private organization with federal funding. So, let me say again. Show me an example of government spending producing profits, lowering costs, raising quality...
viehe69 2 years ago
show some profit figures for city owned utilities and I'll take that.
viehe69 2 years ago
Um, it's not about profit, it's about providing a good service to consumers. That's the whole point of public ownership. You asked for good prices and good quality, not profits for the controllers.
monroesq 2 years ago
It's not just providing goods and services. It's about raising quality and lowering cost, neither of which the government is capable of doing (hence the question). It kind of is about profit margins because the taxpayer subsidizes all losses over and above the initial cost to them. As a taxpayer I do not approve. That is all I have to say on the subject, if you do not get it, then you do not get it. Believe whatever you want to believe.
viehe69 2 years ago
You are wrong. It is not necessary to make a profit in order to provide a good product. There are several non-profit HMOs in the US today. It is only necessary to break even. In fact, one way to become nonprofit is to lower your prices and increase your quality (i.e. cost of production) to the point that it shrinks your profits to zero. That is simple accounting. A government is a large organization just like a company and has the same inherent abilities, only it's accountable to voters.
monroesq 2 years ago
Profits are irrelevant. Medicare is not broke now but will be when all the boomers start enrolling, unless we do something to fix it. It provides good health coverage to seniors however, with much lower overhead that private insurance. It's just coming up against a demographic shift.
You didn't answer my examples of NIH and NSF, because they are unassailable. UCB is a public school supported by the gov. So are UT Austin, UCLA, West Point, UNC, Naval Academy.
monroesq 2 years ago
I laughed for a long time when steve leeb says the government is going to make money out of this.The government doesn't make money it takes money from everyone else, they have no idea how to make money.
jailsex 2 years ago
How the hell can borrowing and/or printing money going to make any economy strong?
bjorinn 2 years ago 3
cause Keynes said so.
Betty5150 2 years ago
Peter Schiff is always right.
ab1tchslap 2 years ago 4
What's $700 billion??
Mediterraneanblue9 2 years ago 2
Its a lot of fricking money...
1,000 thousands
1,000,000 millions
1,000,000,000 billions
ThaRealHipHop2008 2 years ago
That guy arguing with Peter is a joke. He's making a huge fool out of himself!
yjfoo81 2 years ago 23
Schiff=Jesus
Mediterraneanblue9 2 years ago 2
@yjfoo81 - Sadly, Max Keiser just had him on his show and he's mega bull on Gold, Oil and China.
He's ALWAYS WRONG and should be GUILLOTINED!
dink65 3 months ago
I think Schiff wanted to punch that guy. He could probably take it considering he got beat up in the playground every day while growing up.
zumpano21 2 years ago 8
peter schiff is jew
dimaniak 2 years ago
The guy arguing against Peter is a true idiot. His point about WWII was retarded. The government funds the military to fight wars. That's one of the few things the government should fund. However, a capitalist economy should primarily regulate itself. The government may need to modulate the economy a little but should pretty much stay out of it. It shouldn't intervene in times of economic emergency. Let the economy fail big time, and it'll come roaring back.
bobmartin1000 2 years ago 7
Why are you laughing? he says...
ndsong 2 years ago
WERE BROKE!!!!!
what don't they get through their heads?
pepsimannampepsi 2 years ago 3
Peter Schiff vs an annoying squeek-toy.
"Read a magazine Peter!!"
God what a whiney gasbag!
idahoMW 2 years ago
How do they think this problem started? Its common sense lol. I cant believe Schiff is seen as a genius when all he does is speak common fucking sense. Not to put down Peter, but rather to put down the idiocy of the mainstream media and the rest of the nation. Oh well, keep it up Peter.
treysparker 2 years ago 5
i agree, if you REALLY look at it, its in plain sight. everyone likes to dilute things from the real problem. americans, dont like problems.
wtfbroskie 2 years ago 3
Leeb is an idiot for sure.. I listened to Ron Paul and Peter Schiff principles a year ago.. bought gold and silver and stayed out of stocks.. thank god for people like Peter Schiff..
jimkeyl 2 years ago 2
Haha, that guy's an idiot (not Peter Schiff).
He really must have shit his pants when he saw what great job that stimulus did for our country.
I would of knocked that stupid mother fucker out, just because he sounds gay!
collinlecam 3 years ago
While Leeb is correct that we need more resources, he has no clue how to best obtain them. Government is terrible at deciding what to use for alternative fuels, just take the ethanol subsidies as an example. The politicians will simply whore out their ideas to whomever finances their campaigns. He is even wrong about his argument about who won WWII. The WAR CONTRACTORS won the war, not the government. Thats why they are so powerful now, they dominated WWII and now our govt as well. Dumbass.
jaaje29 3 years ago
new deal didn't work before, it made things worse, turned the recession into the Great Depression, and extended the GD by 7 years
Its not going to work again
ForTehNguyen 3 years ago
The average American is smarter than I thought. Looking at the comments below I'm surprised how many people know the righteousness of Peter Schiff. Much respect due to you Austrian Economists.
KhanSlayer 3 years ago 2
The difference between these 2 is that Leeb sounds like a desperate man when he talks. Like he wants what he is saying to be right but deep inside is actually shitting his pants!
tubenoobster 3 years ago 2
Someone put this geek in straightjacket.
morosi15 3 years ago 3
Leeb is such a fucking moron... he looks so jacked his mouth is agap... lmao
1. "we need to build alternative energy" oil is below $40..
2. "WHO won the 2nd World war??"
alex94115 3 years ago
LEEB IS A STUPID FUCK!
rangeyer 3 years ago 3
I can't believe they put that sniveling small headed geek on tv. Even if he did know what he was was talking about, he fails simply because he is so damned annoying. Seeing his little wormy ass talk like a hyper active 3rd grader gives more weight to Peter's points.
Quasifonix 3 years ago 2
Wow...if Leeb has gotten rich spewing his tripe then anyone could be rich selling 'investments' to the public.
cannuckistan 3 years ago 2
6:08 Hey fuck face, stop talking over Peter Schiff you miserable faggot
KnowYourTeam 3 years ago
KnowYourTeam
What does a Faggot have toi do with talking over someone?
countrybob2 3 years ago
wtf? stfu robert you stain on the economy.
KnowYourTeam 3 years ago
Laissez-faire please.
KingKarl119 3 years ago
lets chat
comment me back MI
84734hjs 3 years ago
oh cnn is so cool...they twitter...
wtf is a twitter?
kaliamalia 3 years ago
Go to the site.
Have you been on Facebook? You know those "Status Update" things? Twitter is basically that.
MooseOfReason 3 years ago
HAHA.....
Peter makes this guy look like an absolute fool. I feel bad Schiff even has to sit and share air time with the clown.
shoozey 3 years ago
He's had to do it multiple times. Most recently, he's debated him on the 20th. He got pissed, hahaha. Told that Leeb guy "Stop talking!" but he wouldn't listen.
MooseOfReason 3 years ago
leeb argues that the market needs more credit, but what is credit?...it's debt, he's arguing that america needs more debt, which they cannot afford, is that really a sound argument?
boother999 3 years ago
There seems to be a big disconnect in the media about the availability of credit. I keep seeing lower interest rates offered all around me. Bu then the media or politicians say the banks took all this money but aren't lending. WTF?!?!? The only think I can think is that the banks are no longer making BAD loans, so all those businesses and individuals that are not credit worthy (i.e. Trump) say that credit is frozen. Its always been frozen, with the exception of recent years, for them.
GaryVolts 3 years ago
Jesus H Christ, that pain in the ass with the squirrel voice reminds me of my ex wife - God bless her soul.
RushCutMeLoose 3 years ago 5
That Loeb guy is such a tool. Screw him.
hamsterama 3 years ago 7
I laughed through most of this hehe. Stephen needs his own show. :D
jesperlp 3 years ago
the little shit on the left is a worthless fuck. ppl like him r the reason for just about all our problems
g3rry176 3 years ago 5
Leeb is a little rump wrangling, rat bastard dweeb.
LenGarc 3 years ago 3
Steven Leob (spelling) is the same idiot that said the economy was doing just fine in 2006. He's the one that also said the financials were a great buy and in good shape. Keep listening to him and we're all in deep shit. Shiff is the only one who's been calling a strike a strike and a ball a ball. These other idiots shouldn't even be in the game.
bbburton 3 years ago 12
Never expected to see Schiff debate Woody Allen. That Leeb guy makes my skin crawl.
Sentinel4truth 3 years ago
what's good for society is a gag order on Stephen dweeb. Does he have a lizzzp?
tito2b2 3 years ago 3
This comment has received too many negative votes show
i think u guys need to respect Leeb's views. Its good for the society.
rosewood223 3 years ago
This comment has received too many negative votes show
interesting argument but Leeb is right!!
rosewood223 3 years ago
Peter Schiff should be the next treasury head.
Who is that idiot on the left?
Tommyseattle 3 years ago 2
fucking leeb that little rat bastard!! someone throw him a piece of cheese so maybe hell shut up for a minute... SCHIFF RULES
matello18 3 years ago 3
God that guy on the left is annoying, I want to hear Schiff talk.
FSM2786 3 years ago 3
Leeb is an ignorant little imp.
Eric21ND 3 years ago 2
"This sucker's goin' belly-up!"
-- Bush Jr.
DreamOfTurtles 3 years ago
Who won WW II ?!
WTF ?!
DreamOfTurtles 3 years ago
This Leeb guy keeps trying to win the argument by shouting and is always hysterical.
He's probably got a vested interested in lies.
DreamOfTurtles 3 years ago
too bad we can't get a guy like schiff (or paul) in the white house, this economy needs someone with a sound plan and experience with policy-making
gking407 3 years ago 2
Schiff owns Stephen Loeb, but the latter is afraid to let him speak and tries to monopolize the discussion.
Sodnal 3 years ago
Why is it, that all those who tell the truth, are goodlooking, well spoken, and intelligent, and those who lie, look and sound like lil mice trying to get you to buy more cheese and put it in the cupboard, where they have conveniently borrowed a hole into?
AngriestAmerican 3 years ago
STFU LEEB THE LEECH
matello18 3 years ago 2
stephen leeb is the DUMBEST WEAKEST IMBECIL GERBIL FUCK IN HISTORY. cnn loves this guy and peter schiff shouldn't lower himself to argueing with an economic reetard. cnn's biz reporters are worse than fox........christine romans reminds me of brittney spears and ali velshi is a fast talking c-student.
garyowen4ever 3 years ago 3
i'm feeling naughty at the moment B
StaRShifT 3 years ago
I wish peter would have stomped that little rat.. what an absolute annoying fuckup in a suit.
Tyrfingr 3 years ago
my God what a fucking IDIOT that Leeb guy is!
Havokgamer 3 years ago 2
different from most people here who thinks that Leeb is not making sense, i think Leeb is making lots of sense.
Leeb is the man!!!
rosewood223 3 years ago
He can only get a word in by interrupting Mr. Schiff.
His actions reveal he is a fool.
soran27 3 years ago
Leeb is right.
we have to bail out the elites. otherwise all hell break loose.
rosewood223 3 years ago
rosewood223-Quite an experience to live in fear, isn't it. That's what it means to be a slave.
silentonall 3 years ago
If you really believe that, than all is already lost.
GaryVolts 3 years ago
@5.26 ...The whiny voice dude say's, that "Russia marched into a prospective NATO country," that's news to me, when did this Prospective country join the NATO. He's a typical little Zionist propagandist, big lies & all. All f..t no S..t!!!
Islandpride09 3 years ago
Georgia
regonzalezc 3 years ago
peter... next time shove your fist down that idiot socialists(Zig Heil)throat.
grides33 3 years ago
This has been flagged as spam show
8 I enjoy this video =) it makes me really horny!! J
flora333 3 years ago
I cant believe i listened to that weasel for 10min. Typical Elitist puppet. His whole purpose was to use his annoying voice to talk over Peter every time he tried to make a point.
bobbyd41784 3 years ago 2
I'm not sure who the other guy is but I don't agree with him one bit. Peter is a lot like Ron Paul, truth wise.
paulDIAT 3 years ago
Who's the retard sitting next to Peter?
BlueEagle8 3 years ago
The little whiny dude reminds me of Mort Goldman from Family Guy.
scribble127 3 years ago 2
its funny cause its true
997GT378 3 years ago
LOL
juicejrc197878 3 years ago
That joker with the high pitched voice was screaming like a complaining bitch. He had no point to make, and just cut off valuable air-time with his screams.
ashyanbhog 3 years ago
It is so funny to see Peter with other so called experts on these shows. Instead of giving their views on issues they always turn it into personal attacks and try to put Peter down.
KarenchikJan 3 years ago
Why does Leeb keep ranting about Barrons? They're wrong all the time. The financial press is a joke.
scort8888 3 years ago
These bastards wouldn't listen to this guy 2 years ago, everything he predicted came true, and they STILL won't listen to him.
Oh My God.
chromerium 3 years ago 3
2:50 Peter says Real Estate has to fall. Couldn't agree more. Would love for my teenagers to be able to buy an affordable home for themselves in their early 20s, just like I did 20 years ago.
This impending collapse will likely give them a chance someday.
Well said Peter.
ersterhernd 3 years ago
Peter has one big weakness and that is he tells the truth.
Theman77779 3 years ago 3
peter was right 3 years ago. and sorry to the other dude, but i think hes right this time too. how is govt gonna get out of this mess? by printing money! = inflation if not hyperinflation. simple macro if you ask me...
da0killeR 3 years ago
Leeb write his book earlier than peter.
we should trust him
rosewood223 3 years ago
Hah! Good one.
AKAGl 3 years ago
the govt is the solution. otherwise the makrt will collapse.
thank god they bailout
rosewood223 3 years ago
Wow, that retard kept talking and acting like Peter is wrong. The sad part is both right and left wing media push Schiff and Paul aside despite the fact that they're ALWAYS right. They predicted this mess, they presented ways to prevent it, and are telling people how to get out of it, but NO ONE IS LISTENING!
RP and Schiff need to be running the show from the top. This is ridiculous.
jesot 3 years ago
will that other idiotic guy let Peter talk?
imaginator 3 years ago 4
he's like a hysterical woman.
AkioAkemi 3 years ago
No joke. Hardly anybody lets Peter talk on these interviews.
AKAGl 3 years ago 3
Little alarms should start going off in people's heads whenever the silly "burning house" analogy is used. "The kids have set fire to the house, do you punish them or put out the fire?"..."Your neighbor's house is on fire, do you admonish him or put it out before it reaches your house?" It's not that simple. Kids are not in control of the economy, and your neighbor's house has a $700 billion insurance plan. He may have set fire to it on purpose.
cdsupreme1717 3 years ago
the $700 billion package is like trying to put out a fire with gasoline, something George bush would do after snorting coke and finding out his crack pipe set the white house on fire.
zBanditGuy 3 years ago
Obama was the crackhead(self-admitted). Obama said he did not buy heroin because he did not like his drug dealer.
CarlSpackler1234 3 years ago
Lol yea, too bad most Americans don't hear about it on TV/Radio. Did you hear about Bush allowing 7 countries to enter the U.S Visa free? The catch is that they need a Biometric passport
zBanditGuy 3 years ago
Which countries BTW?
PMotaPT 3 years ago
Damn it. It's like talking to a brick wall.
sniper6081 3 years ago 2
Leeb is an annoying little twit. Peter is correct.
BerenTheOneHanded 3 years ago
Between these two guys SCHIFF was the expert who correctly predicted the meltodown 6 years ago! This other douche bag didn't predict SQUAT! So, who you gonna believe?
19Truth53 3 years ago 3
"Who won WW2?" A coalition of many countries with many different economic models.
Leeb is a mindless fanatic incapable of critical thought.
IRONxMortlock 3 years ago 2
um. wow.
RadioheadXIV 3 years ago
lol this guy on the left side is a total idiot
happosai21 3 years ago
"Your child just set fire to the curtains. Do lecture your child or do you put out the fire?" is the wrong analogy. I think 'Your child stands atop a 3 foot high house of cards. Do you let him fall to learn a lesson. Or give him more cards to build a 20 foot high house of cards to stand on from which his fall may be fatal'?
postalgateway 3 years ago
How was it self contradictory?
jonh2o 3 years ago
rate and tell me what you boys think
davidzel 3 years ago
schiff is right we need a recession IF we still want capitalism, which i do. the govt regulations caused this mess and whats their answer? more govt regulations.
sometimes i dont know how these idiots can make it as far as they do in our political system.
pollutionx 3 years ago
i need to laugh.
davidbr6 3 years ago
stephen leeb is cool
ephmansvlog 3 years ago
stephen leeb is fool
thomasw78 3 years ago 3
Pay no attention that banker behind the curtain.
nobama2008forever 3 years ago
I still cant believe that Americans think they won WWII.
The war was settled moths before the yankees decided that Europe was their business.
hyperjocke 3 years ago
What?!
nobama2008forever 3 years ago
Bullshit! Americans are still paying for the lend-lease materials sent to Europe. That is what won the war in Europe, and USA had NO real HELP WHATEVER from europe in beating the crap out of Japan. Stick it up your butt. If we were in a barrom, I'd bitch slap you silly.
engine2truck6 3 years ago
You are right friend, and not only that. Europe has not repaid the money used for the Marshall plan. We rebuilt their whole countries and they have not done anything but bitch. Now they are crying for us to bail their big banks out.
phaestor 3 years ago
Sounds like destruction of the Dollar would benefit those who want to enact a different currency.
zoticus1 3 years ago
That's the real end game scenario.
AkioAkemi 3 years ago
Steven Laffer is a wanker! That's all.
gabrealh 3 years ago 2
Trust your gov't? Sheeple... BAAAAAA BAAAAAA
BOTH McCain (NeoCon-Fascist) & Obama (Democrat-Socialist) ignore their Constitutional Oath & embrace this Federal Totalitarianism!
Want REAL change? YOU Change!
Vote for ANY 3rd party & most importantly ARM YOURSELVES!
yakyakyak69 3 years ago
And Nader and McKinney aren't socialist commies? There are plenty of 3rd party losers out there worse than McCain and Obama.
jrigeli 3 years ago
Housing is WAY over valued around my neck of the woods. There are NO small family farms and we are NOT self sufficient. When my dad grew up in the depression they didn't know there was one because they were on a 40 acre farm with fresh milk,eggs,butter,cheeze,meats of every kind,and fresh farm vegetables all year. Go for a ride in the "country"-nobody lives like that now but the few who do will survive this OK but we will have chaos in the cities and civil unrest/maybe even war.
rockme5150 3 years ago
Laffer IS a fucking joke.
HG2013 3 years ago
the fucking nerd would'nt let peter talk!!! wtf!!!
xnightcrawl 3 years ago
dude wtf let peter talk for a sec jesus
mountshasta2002 3 years ago
Trust your government people. The bailout will work and you can all go back to sleep. Gotta go, Dancing with the Stars is on!
tsopranos 3 years ago
The other guy should just shut the fuck up and let Peter talk. What an asshole. His face is annoying as well.
lastwayout 3 years ago 2
GOsh, even looking away the guy on the left made me want to throw up.
How painful to hear Woody Allen/Norm Finklestein, arguing the fate of our nation at the top of his lungs so early in the morning with Peter Schiff. Oy vey!
WokNWol-
How can we restructure? We have NOTHING to restructure with, save what little Dennis Kucinich was able to hang onto.
PLEASE vote for Dr Ron Paul - write him in!!!
WNanette 3 years ago
I was reiterating a point made in Schiffs book Crash Proof. He said if we experienced a fall like the Soviet Union, we would not be as fortunate, because we do not have a strong industry in place anymore. He said our reconstruction could take decades.
Ron Paul already has my vote. Too bad no one saw this coming. If Paul was elected President in 2004, I doubt we wouldn't be having this conversation.
WokNWol 3 years ago
If our next President raises taxes on corporations, they will very likely spark the next Great Depression. That's if it doesn't come to fruition already. Our gov't is monetarily and morally bankrupt. Compounding this problem is our weak industry. The US could experience a very long and painful reconstruction period. "We're going to die from the cure, not the disease"
It's not fear mongering, it's a sobering reality. You can't argue with a guy who's laissez-faire economics is always right!
WokNWol 3 years ago 2
very true woknwol, schiff also said that this might be worse than the great depression because we as a nation are entirly broke where in the 1930s we had wealth. its scary to think about but ron paul and schiff said it could be the end of western civilization as we know it (meaning capitalism)
pollutionx 3 years ago
That little weasels facial expressions are so funny :D
Elg1no 3 years ago 2
Nicely put Derfy26!
REOGURU 3 years ago
The steven guy is crazy to think that the American people are going to buy this B... anymore. He is worried about the Stock prices going down. Actually most fools bought stocks mortgaging their homes. They HAVE to get out of the stocks too. guess what? Stocks are bound to go down. Barrons??? Ha ! everyone who listened their stuff needs to be Bailed out now. It is not about making money anymore you moron it is about survival and avoiding Huge PANIC.
Happen2008 3 years ago
Government will save us. Always has! I trust in my government to fix this problem and make it all better.
PHenry500 3 years ago