Small businesses don’t benefit from overvalued to the degree of the Wal-Marts of the world, but the loss of U.S. Jobs and resulting shrinking markets hurt small businesses more. An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
This guy has gotten many things wrong like the supposed collapse of the dollar, hyperinflation, etc...
He is a soomsday advocator and his only interest is himself and getting his face in the media. That's why he lost the election for senator. The dollar will not collapse anytime soon and we nearly ended with deflation as opposed to hyperinflation.
I would bet gold will come down soon to make him wrong in one more prediction.
self sufficency or we could just lower people's living standards and pay to below chinese levels hmmm? i think self suficiency and fuck big trade profits for a minority oif our population
He said something profound on the recent crisis that has stuck with me: "Unfortunately, there is still no wide understanding among the public of the benefits that can fairly be credited to capitalism and why these benefits have costs. This has left capitalism vulnerable to opponents and to ignorance within the system. "
Crowding out is not a real problem in a recession. The argument is made that when the government borrows capital, it merely deprives capital from other private industries, with no net addition to employment. But this argument can be extended beyond government, leading to the argument that any investment will have no net impact on unemployment because it only diverts capital from other uses, leading to the absurd conclusion that unemployment is the result of too little capital to being with.
I think buying BMO Monthly Income fund at 8.00 that gives 0.06 a unit monthly (BMO148) would be a safe bet. He is aware of the false baremarket rally we are having like Glen Beck. I think he should go on Coast to Coast with George Nooray.
I like some of what Peter Schiff is saying, but not too long ago his organization e-mailed me requesting a donation of over $4000. I don't think I can afford such a large sum. Sorry...
I'm no professional, but I think this dollar collapse is strickly deliberate. The Bush and Obama administration with their hyperinflation... this is treason and Thomas Jefferson clearly stated and quoted that leaving a generations debt for the next generations to pay is plain wrong ethically and violates the constitution. He who lives' by and understands the rights under the constitution of the US along with civil liberties, would call this treason.
I don't think the US is going to default on its debt or any part of it. So (please don't flame) the FED has to raise interest rates sooner rather than later to prevent the dollar losing its reserve status. If that happens, gold will take a haircut. Gold is in bubble waters so it is much more than an inflation hedge right now. What ever you do, only put a fraction of your capital in gold as a hedge much like using TIPS.
The famous line of " It's our dollar, but your problem" is somehow true. The problems with those countries is they peg their currencies with US dollars, therefore it's their problem. There is one way they can fix their dollar problem is to unpeg their currencies.
Once everyone is required to have the chip implant for the global database, all precious metals will only have a value for those who have the chip implant. No implant, no electronic currency to buy gold. Even having an underground black-market will be difficult, due to home raids by the government. If you're found with anything in your home or on your person that is not listed in your inventory, you will be either fined or jailed or both.
Treasury Bonds, are you kidding? Might as well issue I.O.U.,s like CA. You pay your money in and they want to screw you out of what they owe you. Who was the rocket scientist on this one????? If the dollar collapses what will the treasury bonds be worth? SQUAT!!!!!!!
Peter, I've been living in China for the past 3 years... let me give all of your readers a tip: only the people of influence, and the members of the ruling class are buying gold and silver... my dealings with average folks here in the PRC have shown me that the masses generally don't trust the CPC, and they simply try to make it through each day with as little drama as possible. Life is hard for the average citizen here.
Keep it up, Peter. You're spot on about China hustling the Yuan, too.
because the country that has the reserve currency can pretty much endlessly (NOT) import goods for free in exchange for IOUs (US Dollars). Its coming to an end, the US Dollar has worn out its welcome.
if you are a registered independent, do you think that makes you sleep any better?
we all have the same people in office, no matter how we voted- quit voting based on what party an individual is affiliated with and start voting based on what that candidate will do.
Ron Paul, Rand Paul, and Peter Schiff.
the candidate that promises the least will let you down the least.
Get out of the dollar by Oct 25th. Dow will fall from 9500 to 4750 very quickly. Dollar based on the basket of currencies is currently at 70. It will drop to 40 late Oct into Nov.
Call me and save your wealth while you can. You'll regret it if you don't buy silver NOW!!!!
are you really going to run w/ the Republicans who are being lead by the sociopaths: Rush Limbaugh and Glenn Beck? I agree to fiscal conservatism but they are inciting people to hatred and violence.
I'd vote for you as an Independent but can't vote for Republicans until they disassociate themselves from the lunatic fringe.
jrubin22, it's been beat into the ground already why it's virtually impossible to win as an independent candidate. Yes, there are lunatics in the Republicans as well as in the Democrats. However, just because Schiff runs as a Republican doesn't mean that he is promoting Rush Limbaugh. Take Ron Paul as an example. He's about as far as Limbaugh as one could imagine. Here's the strategy: we gradually take over the Republican party until it's transformed into the party of Liberty.
it's heading in a horribly wrong direction and I haven't seen any Rep leaders even trying to push back. Where were these Tea Party ppl when the deficit was being exploded by the Iraq war? No, there is something militant and angry about that 'base', I'll vote for fiscal responsibility but not w/ those Brown Shirts being encouraged to take to the streets.
There's something militant and angry about the base? Is that a surprise? These people didn't take to the street when W was in office because Greenspan and his low interest rates inflated a bubble that gave people the impression that the economy was magnificent!
In any event, for the sake of the causes that I suspect you and I have in common, try to get past the Republican label on Peter Schiff. A label is all it is. You've been fooled if you think he'll be a typical Republican in office.
I only vote Independent, and feel a-lot better knowing my vote didn't contribute to this disaster.
All you suckers who vote for the GOP or DNC further contribute to the USAs demise not to mention the blood on your hands... how does it feel knowing your vote has enabled our govt to slaughter tens of thousands of strangers who pose no threat to you?
The GOP & DNC are like alcoholics.. and the sheep keep enabling them.
Well I can see your point but remember this. Gore would've gone into Afghanistan correct? We can agree on that. Who promoted the policy of Iraq pre-2003. It was the Clinton administration. Bush was just following the Clinton administration. So I think Gore would've done the same mistakes. But he wasn't a big an idiot as Bush. lol
See, thats the bigger problem. Our foreign policy has been wrong for 40 years (Just like our fiscal policies). We would have NEVER had a need to be in Afghanistan if we were never involved in the middle east years and years ago. 9/11 wouldn't have happened. They don't hate us because we're "rich (haha, wait a couple more years) and free" they hate us because we are constantly meddling in their countries.
I support voting Independent, but would you not vote for Ron Paul only because he runs as a Republican? Isn't it better to have a libertarian-minded candidate in office as a Republican than not in office at all? The Republicans and Democrats are what they are because of the scumbags elected from those parties. Bring in better people and the parties will change and become something different and better.
The US government has no intentions of keeping the dollar alive. Their actions so far makes this blindingly obvious. Once the dollar dies, we'll be seeing a force majeure and the Amero coming in. A radio talk show host predicted what we're in right now to the letter. He says that once the dollar is dead, the government will demonetize it and give Americans the Amero for pennies on the dollar. Isn't the corporatocracy just awesome?
Didn't realize there's so much financial stuff on you tube, so just signed up. Maybe someone can help. I don't get what the big deal is with this guy. Buy gold? Dollar tanking? Predicted collapse? Hardly anything new.
I've been more interested in some others with actual unique insights (Daniel Amerman for one...seems to have started a you tube page also). Schiff seems more like a great marketer to me (Morning Joe...please). So why all the fuss?
but someone is going on morning joe to announce news, and not to announce something that was already said on a video blog and picked up by some news sources as a side note.
also, I think there are some legal requirements once you are officially announcing a candidacy.
hopefully that ed-show-idiot isn't there this time. good luck.
Move from people to places: I think if Texas were to succeed or gain sovereignity that THAT in itself would be a great alternative. (pardon my spelling or incorrect use of words)
What we are watching is the successful destruction of capitalism by communism. Who holds all the cards now? China, Russia, Venezuela, the Middle East. Who is going massively broke? The US, Western Europe.
IMHO, this is not a random thing. It is not a natural event. It has been deliberately engineered over the past 75 years. The results will be catastrophic for the world as we currently know it.
From my collection of Dumbfounding Quotes: "In the long run, the weakening $ will provide immediate aid in our ability to compete, to compete in the world market in textiles and steel and other important sectors of our economy. Our retail prices will increase; but now, more goods in the stores will be made in America."
(Cass Ballenger, July 21, 2002)
Ballenger, rated 100% by the U.S. Chamber of Commerce, advocated CAFTA (to import cheap textiles from... Venezuela), as a vote against China!
Peter are you sure you are corrupt or deceitful enough to actually be a Senator? lol
You make too much sense and speak too much truth, do you think all those thieves and criminals in our government are going to let you bring sound, intelligent and honest information - how will they continue to rape the American people? lol
I think you are going to be a fish out of water unless you learn to lie lie lie.
Oh wow, I must say this is one of his best videos to date. All of his predictions about our countries path are starting to get some light as we progress through this administration
hahaha, US is not a superpower anymore..and I don't think it was a superpower...too bad your politicians prefer WARS and killing people! It's time for dollar to go to it's original position which is 0.
Screw that I don't want Chinese money i want American money...U.S. better get on their shit! Get these people out of office and protest! let them know we run it not them...ugh!
on a related subject, ron paul is in favor of competing currencies. so for instance bank of america could print some notes, called "bank of america gold certificates" that are backed by gold. paul says people would flock to that currency since its backed by gold and federal reserve notes arent . this way we wouldnt have to end the fed, it would end itself. they would go bankrupt because no one would use their notes which are backed by nothing. perfect.
People living in the US: would it be legal for you guys to set up an organization to promote (by ads etc. in CT) Peter's Senate run and get money to do that by selling promo stuff? I'm a foreigner and it would be great if I could help Peter by, say buying a wristband or t-shirt. "Gold is the canary in an inflationary coalmine" on a wristband would be cool. I have no idea regarding the legality of this.
i dont think there are any us laws that prevent people not officially connected to a candidate from selling things to promote that candidate, like wristbands, etc.
"The Supreme Court's ruling in Buckley v. Valeo (1976) held that expenditures made independently of a candidate's campaign could not be limited under the Constitution. If expenditures are made in "coordination" with a campaign, however, they may be regulated as contributions."
Peter will run for Senate. Guaranteed. He's into too deep.
Even if he doesn't get the $1.5 million, Peter will reason that the personal sacrifice is worth it for the greater good. Of course, Peter would be a bit naive in thinking that just giving an Obama like speech on the economy in Congress will suddenly awaken the common sense in politicians.
I also don't support Peter as a Republican. He's a Libertarian and he knows it. Running as an Independent I can respect.
I have a question (but I am not questioning you) - China is over valued in its real estate just as the USA was (though not as bad) - I think China is in for some difficult times as well - I am not sure China is as safe an investment as it could be
there is no country that is truly safe to invest in, because their are no true free market economies in the world. However China has been leaning more and more towards free market economic policies, and at least they are extremely productive. they have a massive surplus (no deficit) so they're in a better position to handle any economic down turns. If the value of the Chinese currency rises along with the value of Chinese stocks, you will get massive returns. china is SAFER not totally safe.
I'd bet that Obama has taken maybe one economics course in his life. Course no one can prove this or dis-prove it because Obama will not release any of his records. But its clear that he has zero understanding of basic economics. He truly is a Monster.
Any news on the new world currency? I think the Chinese yuan might be the reserve currency, but it won't be that for long. The New World Order is coming quickly with their world (reserve) currency.
Just a couple days ago Yahoo released a headline that said "one year after the financial crisis a new world order emerges".
I'm sorry,, but whats wrong with Barrac Obama? he is doing all the wrong things for USA. I had so good hopes for Obama, but he's destroying the country.
Ron Paul should have won, and Schiff should have been in charge of the economy.
we need a system that doesn't depend on people knowing economics or even truth for that matter. we need fault tolerance. to do that you would separate a country into independent states with no central government. if a state is corrupted by devious ignorant politicians the state will become inefficient and go downhill, it wont take down all the other states like a federal gov can.
replace the federal government with a nato like structure that's purely for national defense.
please do look at europe.closely. in the european countries I lived in, the standard argument against free markets is - look at the circumstances in the US. millions without health insurance, poverty.
so please, bring your house in order so we have a chance to get rid of this centralized goverment called the EU, which is quickly becoming an undemocratic superstate.
I doubt the big issues will get solved. More likely, the whole edifice will collapse under its own weight. My main worry is that people will take the wrong lessons and build a worst system in its stead. That's why it's so important for Ron Paul and Schiff to continue spreading their message; even if they don't get elected.
I will never ever buy treasury bonds. That is retarded. Good message peter, but you still have not addressed why your china mutual fund has such a high load cost.
In 2010 you can opt to for T Bond instead of an income tax refund.
Let me guess, in 2011 you won't have a choice, instead of a refund, you will get a mandatory IOU... ops did I says "IOU" what I meant to say is "Treasury Bond".
It's industry connected. It won't be as good and hasn't been due to its connecting to industry, specifically the auto industry. It's not a terrible investment but it will balance out I think. I don't see it as a good hedge.
It isn't as suitable as gold for this purpose, for various reasons. One reason is the ratio of yearly output to the amount above the ground. The lower this ratio is, the more stable the value can be expected to be. I think gold and silver are the two commodities for which this ratio is the lowest, and nothing else comes close.
the fed and the ones behind it are doing everything they do on purpose. They want the economy to collapse. You may call them stupid and dont know what they're doing. I say theyre clever but evil like hell.
We need Mr. Schiff in Washington ASAP. He will help Ron Paul bring some sanity back to our failed economy. Audit and abolish the criminal banking cartel=Federal Reserve.
Edmund Phelps was here in Finland during the summer of 2008. This was right before the crash of the stock market, Fannie&Freddie bankruptcy and TARP, and the guy was saying that there was no recession and that this hype was overblown...
What would be necessary to prevent hyperinflation? Would a higher requirement for bank reserves, a higher savings rate, and much much much smaller government (with taxes going to pay off debt) prevent hyperinflation?
...Yes, once the interest hikes take place, that will raise our debt even more, causing more inflation, devaluing of the dollar, higher gold prices, and eventually rising prices.
we ARE seeing inflation right now. Inflation is inflating the money supply, which the govt has been doing massively and that's why gold is up and going higher. You're talking about rising prices which is the lagging indicator of inflation. By then, you will have lost more of your investments in the dollar. Better get out of the dollar while the gettin is good.
Enjoy your trip to Poland Peter, the women in Poland are incredible.
Why does Obama think he change people's saving habits with Executive Orders. That's ridiculous. If Obama is serious about helping and encouraging savers he should raise interest rates, give people an incentive to and reward for saving.
At the moment people are saving out of fear, of losing their jobs or being currently unemployed and cutting back on their expenses.
I was wondering if someone could explain to me how hyperinflation could occur. I am somewhat new to studying economics and I don't really see why it couldn't be avoided, but I have a VERY hard time ignoring Schiff after he hit the nail on the head with the housing collapse. For instance, why did the interest rate hikes in 1980 by Volcher head off hyperinflation, and why wouldnt that work now? Thanks!
I should add that I mean to to say "how hyperinflation could be avoided" rather than "how hyperinflation could occur". I believe it is very likely to occur given our current path in regards to fiscal and monetary policy...thanks!
the US government has increased the money supply at a 46 years high. They have printed worthless paper to finance their spending and bailed out out hundreds of bankers. Inflation is simply the increase of money supply by the central banks; and since most of the US debt is held by foreigners and asians in particular, the moment they lose confidence in the US economy and dump the dollar, our economy will deteriorate and the nominal value of the dollar will plunge.
INFLATION happens when TIN is MIXED in your SILVER. That's what the FEDERAL RESERVE does to your SILVER when they PRINT MONEY out of thin air; they mix TIN in your SILVER; the FEDERAL RESERVE debases your currency; they CHEAT; they STEAL your wealth;they HURT the poor.They think we are not SMART enough to know what they are doing but the BIBLE explains what they do.
The Federal Reserve is an evil slavemaker & Americans are its slaves.
Do you think the U.S. Govt will be forced to declare marshall law if (or when) hyperinflation occurs to stop the crime/looting/rioting etc? I am seriously considering moving out of the country haha.
Marshall Law is the guy from Tekken - I think you mean 'martial law' ;)
Jokes aside, hyperinflation is nasty, aside from the fact any cash savings you have will be wiped out, there will also be extreme scarcity of food and other necessities. It will be MUCH worse in the cities. Plus, Americans have so many guns and so much lawlessness, violence is inevitable.
Let's just hope hyperinflation doesn't actually happen ;)
Is the reason we aren't seening severe inflation right now because the additional money being printed isnt circulating (shoring up bank reserves)? Once that money begins circulating and the economy grows, the fed will have to hike interest rates to quell the severity of the inflation. But since the government's debt is largely held in <3 year treasuries (and they pay the interest by taking on more debt) will the fed's interest rate hike will send the debt uncontrollably skyward....?
worse that not circulating.. the money is likely being used to buy up stocks which have sent up the markets since March, inflated all financial/RE/retail stocks allowing them to have secondary offerings to pillage more cash from investors to fund their executive bonuses and phoney earnings (as opposed to real earnings from products/services). Make no mistake, the bailout money's been used to inflate another huge bubble in the stock market. It's a game of chicken now to see who will be first out!
Continued....This "refinacing of govt debt" will send the debt uncontrollably high, and foreign investors will require even higher rates to be enticed into buying dollar treasuries. This combined with the public spending money as fast as they can so they don't lose as much purchasing power would send the inflation out of control. As a very last resort the Fed would buy up the treasuries to monetize the debt...and then the dollar dies. LOL is that how it would work?
peter ur right about inflation, but ur wrong on china. i believe that if there is a hyperinflationary blow out of the dollar, ie the collapse of ETFs, the NYSE, EU Central bank, and all dollar denominated debt world wide, then china is DEAD!
The chinesse built their entire economy for rich export markets and domestic slave labor. This means that china cannot ever consume what it produces.
He's wrong about China? Let me ask you, do you have your own successful brokerage firm and do you make over 1 million dollars per year like he does? You say he's wrong as if you know more than him commenting on YouTube. Show some respect for yourself man.
did u forget that china has 1.6 billion people :)
they dont need america at all dont be fooled
the americans are going down the pan
Asia is the future america is dead
how old is china compared to america :)
the chineese are not going any where u think a little country like america with only 300 mil people is better how much gold has America got :) lol no idea at all
are u living in a dream the America dream hahahaha
Peter, if you read this, would you please give some advice on how to get Joe Sixpack interested in the basic common sense you are talking here.
Everywhere I go I spread the word of liberty and Austrian Economics but people don't seem to be interested ! Their only interest is American/Pop Idol. I'm South African (witb dual EU nationality). S-Africa has a constitution based on US. No one even has a clue about their Constitutional rights!
BS peter.. 2 years now and the dollar hasn't collapse...
hahahahahaha..
godofstock 1 month ago
The 50¢ dollar
mghostproductions 1 month ago
This has been flagged as spam show
CHINA is behind dollar , How long we will see.
USA went ahead and signed some military unions with Australia and Phillipines all against China.
aviomaster 2 months ago
We have no control of our own country anymore.
Wealthy people are gonna run this country into the ground the way that they did Mike Tyson.
randomdude5640 10 months ago
It’s the Over-valued U.S. Dollar, Stupid!!!
Small businesses don’t benefit from overvalued to the degree of the Wal-Marts of the world, but the loss of U.S. Jobs and resulting shrinking markets hurt small businesses more. An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
democrats.waysandmeans.house.gov/media/pdf/111/2010Sept15_Campbell_Submission.pdf
soups347 11 months ago
This guy has gotten many things wrong like the supposed collapse of the dollar, hyperinflation, etc...
He is a soomsday advocator and his only interest is himself and getting his face in the media. That's why he lost the election for senator. The dollar will not collapse anytime soon and we nearly ended with deflation as opposed to hyperinflation.
I would bet gold will come down soon to make him wrong in one more prediction.
MrSupernova111 11 months ago
self sufficency or we could just lower people's living standards and pay to below chinese levels hmmm? i think self suficiency and fuck big trade profits for a minority oif our population
TheBighairyfart 1 year ago
WHOA I can't believe you met Edmund Phelps!!!
He said something profound on the recent crisis that has stuck with me: "Unfortunately, there is still no wide understanding among the public of the benefits that can fairly be credited to capitalism and why these benefits have costs. This has left capitalism vulnerable to opponents and to ignorance within the system. "
kaziqbal 1 year ago
Crowding out is not a real problem in a recession. The argument is made that when the government borrows capital, it merely deprives capital from other private industries, with no net addition to employment. But this argument can be extended beyond government, leading to the argument that any investment will have no net impact on unemployment because it only diverts capital from other uses, leading to the absurd conclusion that unemployment is the result of too little capital to being with.
hoodoo961 1 year ago
I think buying BMO Monthly Income fund at 8.00 that gives 0.06 a unit monthly (BMO148) would be a safe bet. He is aware of the false baremarket rally we are having like Glen Beck. I think he should go on Coast to Coast with George Nooray.
doubleestark 1 year ago
I like some of what Peter Schiff is saying, but not too long ago his organization e-mailed me requesting a donation of over $4000. I don't think I can afford such a large sum. Sorry...
danpt2000 1 year ago
I'm no professional, but I think this dollar collapse is strickly deliberate. The Bush and Obama administration with their hyperinflation... this is treason and Thomas Jefferson clearly stated and quoted that leaving a generations debt for the next generations to pay is plain wrong ethically and violates the constitution. He who lives' by and understands the rights under the constitution of the US along with civil liberties, would call this treason.
rrought317 2 years ago 3
Peter shouldnt try to help you. You are getting the gov you voted for and you smug arrogant bastards are going to get the world you deserve.
golfprobro4eagles 2 years ago
I don't think the US is going to default on its debt or any part of it. So (please don't flame) the FED has to raise interest rates sooner rather than later to prevent the dollar losing its reserve status. If that happens, gold will take a haircut. Gold is in bubble waters so it is much more than an inflation hedge right now. What ever you do, only put a fraction of your capital in gold as a hedge much like using TIPS.
fupedworld 2 years ago
The famous line of " It's our dollar, but your problem" is somehow true. The problems with those countries is they peg their currencies with US dollars, therefore it's their problem. There is one way they can fix their dollar problem is to unpeg their currencies.
GoldSilver588 2 years ago
how come this guy is not government instead of all of those dumb asses there
dream2last 2 years ago
Because (dream2last) he is not part of the corruption gang.
chicagomixologist 2 years ago
good luck Peter for senator. i hope you go for it. i just hope for the countrys sake that it's not too late
womtullymun 2 years ago
Once everyone is required to have the chip implant for the global database, all precious metals will only have a value for those who have the chip implant. No implant, no electronic currency to buy gold. Even having an underground black-market will be difficult, due to home raids by the government. If you're found with anything in your home or on your person that is not listed in your inventory, you will be either fined or jailed or both.
theStormaftertheCalm 2 years ago
haha nice face during the first second :p
StewieSwan 2 years ago
Treasury Bonds, are you kidding? Might as well issue I.O.U.,s like CA. You pay your money in and they want to screw you out of what they owe you. Who was the rocket scientist on this one????? If the dollar collapses what will the treasury bonds be worth? SQUAT!!!!!!!
fawjaw 2 years ago
Peter, I've been living in China for the past 3 years... let me give all of your readers a tip: only the people of influence, and the members of the ruling class are buying gold and silver... my dealings with average folks here in the PRC have shown me that the masses generally don't trust the CPC, and they simply try to make it through each day with as little drama as possible. Life is hard for the average citizen here.
Keep it up, Peter. You're spot on about China hustling the Yuan, too.
ruebenmarley 2 years ago 2
whats so special about a reserve currency
rung3000 2 years ago
because the country that has the reserve currency can pretty much endlessly (NOT) import goods for free in exchange for IOUs (US Dollars). Its coming to an end, the US Dollar has worn out its welcome.
Tyler7692 2 years ago
thanx a million,
so when do you think the us dollar is gonna collapse?
who do you think is gonna replace the USD as the world reserve currency?
rung3000 2 years ago
grt8 post go for senate as inderpendent
bookbinder66 2 years ago
Peter. Why is it that you are always right and yet no one listens to you?
bustaballs 2 years ago
Oh god Peter, not MSNBC!!!
fluff125 2 years ago
Yess
mikeiswylde 2 years ago
Awesome! Thanks, Peter.
heymisterderp 2 years ago
if you are a registered independent, do you think that makes you sleep any better?
we all have the same people in office, no matter how we voted- quit voting based on what party an individual is affiliated with and start voting based on what that candidate will do.
Ron Paul, Rand Paul, and Peter Schiff.
the candidate that promises the least will let you down the least.
portlandore 2 years ago 2
morning joe= run
marniespeaks 2 years ago 2
It seems to me that the gold train has already left the station. For me, it's all aboard the famine train! Choo choo!
TEHREALBOB 2 years ago
Get out of the dollar by Oct 25th. Dow will fall from 9500 to 4750 very quickly. Dollar based on the basket of currencies is currently at 70. It will drop to 40 late Oct into Nov.
Call me and save your wealth while you can. You'll regret it if you don't buy silver NOW!!!!
5 weeks left!!!!!!
hardassets2012 2 years ago
are you really going to run w/ the Republicans who are being lead by the sociopaths: Rush Limbaugh and Glenn Beck? I agree to fiscal conservatism but they are inciting people to hatred and violence.
I'd vote for you as an Independent but can't vote for Republicans until they disassociate themselves from the lunatic fringe.
jrubin22 2 years ago
jrubin22, it's been beat into the ground already why it's virtually impossible to win as an independent candidate. Yes, there are lunatics in the Republicans as well as in the Democrats. However, just because Schiff runs as a Republican doesn't mean that he is promoting Rush Limbaugh. Take Ron Paul as an example. He's about as far as Limbaugh as one could imagine. Here's the strategy: we gradually take over the Republican party until it's transformed into the party of Liberty.
electroplate 2 years ago 5
it's heading in a horribly wrong direction and I haven't seen any Rep leaders even trying to push back. Where were these Tea Party ppl when the deficit was being exploded by the Iraq war? No, there is something militant and angry about that 'base', I'll vote for fiscal responsibility but not w/ those Brown Shirts being encouraged to take to the streets.
jrubin22 2 years ago
There's something militant and angry about the base? Is that a surprise? These people didn't take to the street when W was in office because Greenspan and his low interest rates inflated a bubble that gave people the impression that the economy was magnificent!
In any event, for the sake of the causes that I suspect you and I have in common, try to get past the Republican label on Peter Schiff. A label is all it is. You've been fooled if you think he'll be a typical Republican in office.
electroplate 2 years ago
I only vote Independent, and feel a-lot better knowing my vote didn't contribute to this disaster.
All you suckers who vote for the GOP or DNC further contribute to the USAs demise not to mention the blood on your hands... how does it feel knowing your vote has enabled our govt to slaughter tens of thousands of strangers who pose no threat to you?
The GOP & DNC are like alcoholics.. and the sheep keep enabling them.
Govtflu 2 years ago
Actually, I blame a lot of our current disaster on Ralph Nader. I just don't think Gore would have #$%#ed things up as much.
Unfortunately, the average American is too ignorant to be counted on to make rational long-term decisions.
jrubin22 2 years ago
Well I can see your point but remember this. Gore would've gone into Afghanistan correct? We can agree on that. Who promoted the policy of Iraq pre-2003. It was the Clinton administration. Bush was just following the Clinton administration. So I think Gore would've done the same mistakes. But he wasn't a big an idiot as Bush. lol
SilencerRPMs 2 years ago
Presidents don't make decisions, they just sign the papers.
It doesn't matter who the president is as long as Federal reserve controls everything.
MushroomCloud666 2 years ago 8
See, thats the bigger problem. Our foreign policy has been wrong for 40 years (Just like our fiscal policies). We would have NEVER had a need to be in Afghanistan if we were never involved in the middle east years and years ago. 9/11 wouldn't have happened. They don't hate us because we're "rich (haha, wait a couple more years) and free" they hate us because we are constantly meddling in their countries.
Tyler7692 2 years ago 2
@Tyler7692 To fully understand what is going on, (the entire picture) you people have to watch " THE KHAZARIAN CONSPIRACY "
right here on youtube... It is possibly the most powerful documentary you will ever see and more informative than anything out there...
Awake others after you watch it !!!
de225222 1 year ago
I support voting Independent, but would you not vote for Ron Paul only because he runs as a Republican? Isn't it better to have a libertarian-minded candidate in office as a Republican than not in office at all? The Republicans and Democrats are what they are because of the scumbags elected from those parties. Bring in better people and the parties will change and become something different and better.
electroplate 2 years ago 3
oh please peter is going to run stop they hype
msegreto2 2 years ago
The US government has no intentions of keeping the dollar alive. Their actions so far makes this blindingly obvious. Once the dollar dies, we'll be seeing a force majeure and the Amero coming in. A radio talk show host predicted what we're in right now to the letter. He says that once the dollar is dead, the government will demonetize it and give Americans the Amero for pennies on the dollar. Isn't the corporatocracy just awesome?
TEHREALBOB 2 years ago
I hope you're right. I have over $100K in debt. That would mean my debt will worth almost nothing! wooohoooo!
purplefetus3 2 years ago
Only if your have it at a fixed interest rate.
vipero00 2 years ago
Didn't realize there's so much financial stuff on you tube, so just signed up. Maybe someone can help. I don't get what the big deal is with this guy. Buy gold? Dollar tanking? Predicted collapse? Hardly anything new.
I've been more interested in some others with actual unique insights (Daniel Amerman for one...seems to have started a you tube page also). Schiff seems more like a great marketer to me (Morning Joe...please). So why all the fuss?
kds1776 2 years ago
You're going to run for senate, Shiff.. we all know you are. Nobody is going on "Morning Joe" just to say that they're NOT running.. lol.
straightsixstyle 2 years ago
but someone is going on morning joe to announce news, and not to announce something that was already said on a video blog and picked up by some news sources as a side note.
also, I think there are some legal requirements once you are officially announcing a candidacy.
hopefully that ed-show-idiot isn't there this time. good luck.
myrelative 2 years ago
A valid original U.S.A birth cirtificate is the usual proof to run . But not always .
binky4647 2 years ago
hey birther. nice to meet you.
I really would like to meet you in person. must be like going to a zoo and watching a rare animal.
myrelative 2 years ago
Good luck Mr. Schiff!
Chris Dodd needs to go.
stewy357 2 years ago
what's the alternative to Obama? Glenn Beck? Rush Limbaugh? They scare the hell out of me and the Republicans are still encouraging their anger.
jrubin22 2 years ago
Move from people to places: I think if Texas were to succeed or gain sovereignity that THAT in itself would be a great alternative. (pardon my spelling or incorrect use of words)
tesskansas 2 years ago
Congratulations you are already over a million USD. :) Time to update your goal in your senate website...
cnxtrans 2 years ago
End the Fed.
Everything else is secondary.
Lets give every working American a 25% raise!!!
EndTheFedRes 2 years ago 2
What we are watching is the successful destruction of capitalism by communism. Who holds all the cards now? China, Russia, Venezuela, the Middle East. Who is going massively broke? The US, Western Europe.
IMHO, this is not a random thing. It is not a natural event. It has been deliberately engineered over the past 75 years. The results will be catastrophic for the world as we currently know it.
pepeledog 2 years ago
From my collection of Dumbfounding Quotes: "In the long run, the weakening $ will provide immediate aid in our ability to compete, to compete in the world market in textiles and steel and other important sectors of our economy. Our retail prices will increase; but now, more goods in the stores will be made in America."
(Cass Ballenger, July 21, 2002)
Ballenger, rated 100% by the U.S. Chamber of Commerce, advocated CAFTA (to import cheap textiles from... Venezuela), as a vote against China!
jaralero 2 years ago
Just wanted to say you are one of my absolute favorites on Youtube! Thank you for your great reports on economics :)
svirrsvarr 2 years ago 4
Last time gold went over $1000 people in India & Russia were shocked but also so excited they lined up to sell their gold jewelry.
India, a big importer of gold, actually, to everyone's amazement, became an exporter.
Is there any reason to believe this won't happen again?
DillonX 2 years ago
Peter are you sure you are corrupt or deceitful enough to actually be a Senator? lol
You make too much sense and speak too much truth, do you think all those thieves and criminals in our government are going to let you bring sound, intelligent and honest information - how will they continue to rape the American people? lol
I think you are going to be a fish out of water unless you learn to lie lie lie.
PsyogiBottoms 2 years ago 2
Great one, Peter.
tacotank10 2 years ago
Zapraszam w Polsce Peter!! I'm an American that took your advice!! Make money in another market!! So I moved to Poland!!
pheonam 2 years ago
Oh wow, I must say this is one of his best videos to date. All of his predictions about our countries path are starting to get some light as we progress through this administration
yytrert 2 years ago
welcome to poland peter. :)
rsobies 2 years ago
I saw an interesting note on Drudge about "Insiders Sell Like There's No Tomorrow".
Basically since last month till now insiders were selling at a pace that was last seen when the housing market bubble bursts.
NiteSkyLookr 2 years ago
hahaha, US is not a superpower anymore..and I don't think it was a superpower...too bad your politicians prefer WARS and killing people! It's time for dollar to go to it's original position which is 0.
mechanicalengineer3 2 years ago 2
Screw that I don't want Chinese money i want American money...U.S. better get on their shit! Get these people out of office and protest! let them know we run it not them...ugh!
ceasey0xoogurl 2 years ago
on a related subject, ron paul is in favor of competing currencies. so for instance bank of america could print some notes, called "bank of america gold certificates" that are backed by gold. paul says people would flock to that currency since its backed by gold and federal reserve notes arent . this way we wouldnt have to end the fed, it would end itself. they would go bankrupt because no one would use their notes which are backed by nothing. perfect.
michaelpshipley1 2 years ago
Good job Peter. Keep up the good work.
dellwon 2 years ago
why MSNBC ???
nobody will be watching
mattgeb84 2 years ago
People living in the US: would it be legal for you guys to set up an organization to promote (by ads etc. in CT) Peter's Senate run and get money to do that by selling promo stuff? I'm a foreigner and it would be great if I could help Peter by, say buying a wristband or t-shirt. "Gold is the canary in an inflationary coalmine" on a wristband would be cool. I have no idea regarding the legality of this.
harveybirdmannequin: Does the label matter?
5waffles 2 years ago
i dont think there are any us laws that prevent people not officially connected to a candidate from selling things to promote that candidate, like wristbands, etc.
"The Supreme Court's ruling in Buckley v. Valeo (1976) held that expenditures made independently of a candidate's campaign could not be limited under the Constitution. If expenditures are made in "coordination" with a campaign, however, they may be regulated as contributions."
michaelpshipley1 2 years ago
Clash for Cunkers @ 4:42 :D :D
israelandersonvideo 2 years ago
Peter will run for Senate. Guaranteed. He's into too deep.
Even if he doesn't get the $1.5 million, Peter will reason that the personal sacrifice is worth it for the greater good. Of course, Peter would be a bit naive in thinking that just giving an Obama like speech on the economy in Congress will suddenly awaken the common sense in politicians.
I also don't support Peter as a Republican. He's a Libertarian and he knows it. Running as an Independent I can respect.
harveybirdmannequin 2 years ago
Nice Peter!! More solid truth.
lenny380 2 years ago
Hey Peter,
I have a question (but I am not questioning you) - China is over valued in its real estate just as the USA was (though not as bad) - I think China is in for some difficult times as well - I am not sure China is as safe an investment as it could be
jasonw719 2 years ago
there is no country that is truly safe to invest in, because their are no true free market economies in the world. However China has been leaning more and more towards free market economic policies, and at least they are extremely productive. they have a massive surplus (no deficit) so they're in a better position to handle any economic down turns. If the value of the Chinese currency rises along with the value of Chinese stocks, you will get massive returns. china is SAFER not totally safe.
DaveC86 2 years ago
I'm sending you $10. I hope it helps. Liberals are ruining peoples lives.
homertalk 2 years ago 9
i wouldn't limit it to just "liberals, i would say just about everyone in Washington
666Qtip666 2 years ago
I'd bet that Obama has taken maybe one economics course in his life. Course no one can prove this or dis-prove it because Obama will not release any of his records. But its clear that he has zero understanding of basic economics. He truly is a Monster.
homertalk 2 years ago 3
Any news on the new world currency? I think the Chinese yuan might be the reserve currency, but it won't be that for long. The New World Order is coming quickly with their world (reserve) currency.
Just a couple days ago Yahoo released a headline that said "one year after the financial crisis a new world order emerges".
Adahondeayenh 2 years ago
Speaking of Clunkers.
lizardgizard2002 2 years ago
This comment has received too many negative votes show
One thing about Schiff, he is dang good at predicting the PAST.
lizardgizard2002 2 years ago
Then he is probably able to see you coming out of your mom's ***hole.
kevattaya 2 years ago
He's going to speak on Sept 18th at the Campaign For Liberty. Can't wait.
I guess he is announcing on Morning Joe because he doesn't want to look like a normal Republican.
capitalist4life 2 years ago
He should run as a true Conservative and not these wishy washy REPUB appeasers like Scarborough.
MrSuperpat 2 years ago
I'm sorry,, but whats wrong with Barrac Obama? he is doing all the wrong things for USA. I had so good hopes for Obama, but he's destroying the country.
Ron Paul should have won, and Schiff should have been in charge of the economy.
bjarnet3 2 years ago 2
The problem is that most Americans are idiots and don't research for the truth before they cast their vote!
tgvas 2 years ago
we need a system that doesn't depend on people knowing economics or even truth for that matter. we need fault tolerance. to do that you would separate a country into independent states with no central government. if a state is corrupted by devious ignorant politicians the state will become inefficient and go downhill, it wont take down all the other states like a federal gov can.
replace the federal government with a nato like structure that's purely for national defense.
michaelpshipley1 2 years ago
That's funny, since that's pretty much what we're supposed to be. But governments tend to centralize over time, unfortunately. Just look at Europe.
Burt1038 2 years ago
please do look at europe.closely. in the european countries I lived in, the standard argument against free markets is - look at the circumstances in the US. millions without health insurance, poverty.
so please, bring your house in order so we have a chance to get rid of this centralized goverment called the EU, which is quickly becoming an undemocratic superstate.
myrelative 2 years ago
I doubt the big issues will get solved. More likely, the whole edifice will collapse under its own weight. My main worry is that people will take the wrong lessons and build a worst system in its stead. That's why it's so important for Ron Paul and Schiff to continue spreading their message; even if they don't get elected.
Burt1038 2 years ago
Thanks for the update, Peter. I appreciate your informing us on what's going on.
China is making some very interesting moves. If people can't see that they must be blind.
Perceiving 2 years ago
Sounds like it's a "yes" to me. :)
mjhonsun 2 years ago
Peter wrote a very nice little article for Reason Magazine. Its not online, but if you get Reason Magazine, go to page 25.
jKelbs 2 years ago
Thanks again Peter.
Enjoy your trip.
McRocket 2 years ago
why morning joe? why not beck?
michaelpshipley1 2 years ago
maybe because beck is a psychopath.
he may be good for some causes and bring attention blah blah blah, but he is still a psychopath.
myrelative 2 years ago
how is he a psychopath?
michaelpshipley1 2 years ago
I will never ever buy treasury bonds. That is retarded. Good message peter, but you still have not addressed why your china mutual fund has such a high load cost.
jfish147 2 years ago
It's krɨˈɲit͡sa ;)
Marcinex22 2 years ago
In 2010 you can opt to for T Bond instead of an income tax refund.
Let me guess, in 2011 you won't have a choice, instead of a refund, you will get a mandatory IOU... ops did I says "IOU" what I meant to say is "Treasury Bond".
Laughing..
We are so screwed!
89integra123456 2 years ago 3
One thing that gets me is why Obama/Hillary borrowed money from China when they should of had a bond drive here first ?
Any answers would be appreciated.
blueghist 2 years ago
google for
theinternationalforecaster
Bob Chapman's article about China's move this week
alexguitaralex 2 years ago
Interesting stuff thanks.
blueghist 2 years ago
Why doesn't anyone talk about buying platinum? Isn't it worth more than gold?
ColdRainyNights 2 years ago
people don´t know it
grossleinbach 2 years ago
It's industry connected. It won't be as good and hasn't been due to its connecting to industry, specifically the auto industry. It's not a terrible investment but it will balance out I think. I don't see it as a good hedge.
IronTapeProductions 2 years ago
it is much more an industrial metal than gold, especially automobile.
myrelative 2 years ago
Historically it hasn't been a monetary metal.
It isn't as suitable as gold for this purpose, for various reasons. One reason is the ratio of yearly output to the amount above the ground. The lower this ratio is, the more stable the value can be expected to be. I think gold and silver are the two commodities for which this ratio is the lowest, and nothing else comes close.
foolcow1976 2 years ago
Everyone DONATE!!! I did.
That money is gonna be worthless in a couple years anyway.
ciottini 2 years ago
Please run for Senate!
Vunks2000 2 years ago 3
SchiffForSenate over $1M
Yay!
Jaycephus01 2 years ago 2
This Guy Is a Genius Atleast I know whats going to happend thanks for that Schiff!
akparker1 2 years ago 3
I'd like the hear the president announce, "We are all now Austrians." Of course, Austrian Economists, not people from Austria...
eurohim 2 years ago 2
More likely, Obama should say, "We are all fucked". That's much closer to the truth.
Burt1038 2 years ago
I hope he runs. At the very least, his ideas will get more publicity.
sparshparimoo 2 years ago 2
Peter, I really hope your announcement will be positive ! This country needs your help.
tinfoilfry 2 years ago 2
Is this the end of Keynes?
bevoorbeeld 2 years ago
Only if we educate as many people as we can. If we don't, we get world-wide Keynesianism.
jcvjcvjcvjcv 2 years ago 2
You never know. It should have ended after the stagflation of the seventies, but like Freddy or Jason, he just keeps coming back and wreaking havoc.
Burt1038 2 years ago
Gold over 1k. Dow dropping. Dollar dropping. They propped the market for Obamas health speech nothing more.
theserf3 2 years ago 3
great video!
eze13esp 2 years ago
Excellent choice of venue to announce; not a financial show.
Epic878787 2 years ago
Thanks for taking the time to make these vlogs.
slymartins 2 years ago
RUN PETER RUN!!!!!!! We need common sense in Washington. We will get you over a million. Don't worry.
numba1stunna4269 2 years ago
It's more likely that we'll see a considerable deflationary dollar rally again. I think this doesn't bode well for Gold; in the short run anyway.
kosai19 2 years ago
It would be an act of Supreme Idiocy to buy Treasury bonds today.
nonantianarchist 2 years ago
anyone know how to buy yuan denominated bonds?
joshrain1 2 years ago
$1010 /oz rt now!!! what a great week for my real money!!!
soundmoneyfan 2 years ago 2
Over the $1,000,000 mark. Go peter.
theanswersofnwo3 2 years ago
So, should we all go to our local federal reserve bank and buy they Chinese Yaun?
behearsoon 2 years ago
the fed and the ones behind it are doing everything they do on purpose. They want the economy to collapse. You may call them stupid and dont know what they're doing. I say theyre clever but evil like hell.
xurbancampx 2 years ago
We need Mr. Schiff in Washington ASAP. He will help Ron Paul bring some sanity back to our failed economy. Audit and abolish the criminal banking cartel=Federal Reserve.
ronheri 2 years ago 11
Gold 1009.30
6:40 PST
truthsabre7 2 years ago
Morning Joe yea. i hope your on tv the whole day.
ric0rich 2 years ago
hey, I just found your channel :D
Anytime someone asks me about the economy, I tell them to look you up, you are the one that knew it first! :D
I really liked your interview your did with John Stewart on the Daily Show in April of 2009! I still plan on reading your book.
You got my vote for Senate, but I'm flat broke at the moment. I'll let everyone know about your youtube channel :D
selectivemusicinc 2 years ago 3
Peter I am a Connecticut Resident living in Poland. You got my vote.
JohnWroclaw 2 years ago 4
Congratulations on breaking $1,000,000. Don't go on MSNBC. You remember what they did last time.
Scoforever 2 years ago 5
great video blog. thanks. btw i would have donated, were i be able to (not an US citizen)
stoneeh 2 years ago
thanks
bowtie728 2 years ago
RUN!
jorgemexicali 2 years ago
Edmund Phelps was here in Finland during the summer of 2008. This was right before the crash of the stock market, Fannie&Freddie bankruptcy and TARP, and the guy was saying that there was no recession and that this hype was overblown...
Xasew 2 years ago 4
Lowered govt spending and higher savings rate will help deflect hyperinflation.
thebrinksf 2 years ago
What would be necessary to prevent hyperinflation? Would a higher requirement for bank reserves, a higher savings rate, and much much much smaller government (with taxes going to pay off debt) prevent hyperinflation?
liberalelephant 2 years ago
...Yes, once the interest hikes take place, that will raise our debt even more, causing more inflation, devaluing of the dollar, higher gold prices, and eventually rising prices.
thebrinksf 2 years ago
we ARE seeing inflation right now. Inflation is inflating the money supply, which the govt has been doing massively and that's why gold is up and going higher. You're talking about rising prices which is the lagging indicator of inflation. By then, you will have lost more of your investments in the dollar. Better get out of the dollar while the gettin is good.
thebrinksf 2 years ago 4
Thanks for everything Peter! Keepin it real. Rare and awesome. Thank you.
kooshchamp 2 years ago
Peter should buy gold with the donation money.
DrMarcFaber 2 years ago 4
Peter is going to run everyone knows this! But I like the "drama" of waiting a week to hear it. But why on Morning Joe? That guy is a clown!
aw3212 2 years ago
Just over $1m now. I checked the site a few seconds ago and the total stood at $1,002,296.
ClapsyPlapsy 2 years ago
Enjoy your trip to Poland Peter, the women in Poland are incredible.
Why does Obama think he change people's saving habits with Executive Orders. That's ridiculous. If Obama is serious about helping and encouraging savers he should raise interest rates, give people an incentive to and reward for saving.
At the moment people are saving out of fear, of losing their jobs or being currently unemployed and cutting back on their expenses.
Obama is only making things worse.
Mojo1982 2 years ago 3
He's Obambi, he can make all sorts of stuff happen.
He can heal the planet and part the Red Sea. I think that was in one of his campaign speeches.
Burt1038 2 years ago
I was wondering if someone could explain to me how hyperinflation could occur. I am somewhat new to studying economics and I don't really see why it couldn't be avoided, but I have a VERY hard time ignoring Schiff after he hit the nail on the head with the housing collapse. For instance, why did the interest rate hikes in 1980 by Volcher head off hyperinflation, and why wouldnt that work now? Thanks!
liberalelephant 2 years ago
I should add that I mean to to say "how hyperinflation could be avoided" rather than "how hyperinflation could occur". I believe it is very likely to occur given our current path in regards to fiscal and monetary policy...thanks!
liberalelephant 2 years ago
Where can I even start man!
the US government has increased the money supply at a 46 years high. They have printed worthless paper to finance their spending and bailed out out hundreds of bankers. Inflation is simply the increase of money supply by the central banks; and since most of the US debt is held by foreigners and asians in particular, the moment they lose confidence in the US economy and dump the dollar, our economy will deteriorate and the nominal value of the dollar will plunge.
AFRIKTODAY 2 years ago
INFLATION happens when TIN is MIXED in your SILVER. That's what the FEDERAL RESERVE does to your SILVER when they PRINT MONEY out of thin air; they mix TIN in your SILVER; the FEDERAL RESERVE debases your currency; they CHEAT; they STEAL your wealth;they HURT the poor.They think we are not SMART enough to know what they are doing but the BIBLE explains what they do.
The Federal Reserve is an evil slavemaker & Americans are its slaves.
maxellmusic 2 years ago
Do you think the U.S. Govt will be forced to declare marshall law if (or when) hyperinflation occurs to stop the crime/looting/rioting etc? I am seriously considering moving out of the country haha.
liberalelephant 2 years ago
Marshall Law is the guy from Tekken - I think you mean 'martial law' ;)
Jokes aside, hyperinflation is nasty, aside from the fact any cash savings you have will be wiped out, there will also be extreme scarcity of food and other necessities. It will be MUCH worse in the cities. Plus, Americans have so many guns and so much lawlessness, violence is inevitable.
Let's just hope hyperinflation doesn't actually happen ;)
TheMightyCult 2 years ago 5
LOL yes I meant martial law haha. If Hyperinflation made Marshall Law somehow come to life that would be awesome
liberalelephant 2 years ago
Is the reason we aren't seening severe inflation right now because the additional money being printed isnt circulating (shoring up bank reserves)? Once that money begins circulating and the economy grows, the fed will have to hike interest rates to quell the severity of the inflation. But since the government's debt is largely held in <3 year treasuries (and they pay the interest by taking on more debt) will the fed's interest rate hike will send the debt uncontrollably skyward....?
liberalelephant 2 years ago
worse that not circulating.. the money is likely being used to buy up stocks which have sent up the markets since March, inflated all financial/RE/retail stocks allowing them to have secondary offerings to pillage more cash from investors to fund their executive bonuses and phoney earnings (as opposed to real earnings from products/services). Make no mistake, the bailout money's been used to inflate another huge bubble in the stock market. It's a game of chicken now to see who will be first out!
kevattaya 2 years ago
Continued....This "refinacing of govt debt" will send the debt uncontrollably high, and foreign investors will require even higher rates to be enticed into buying dollar treasuries. This combined with the public spending money as fast as they can so they don't lose as much purchasing power would send the inflation out of control. As a very last resort the Fed would buy up the treasuries to monetize the debt...and then the dollar dies. LOL is that how it would work?
liberalelephant 2 years ago
Your moneybomb is over one million! Congratulations! Sorry I can't donate because I'm outside of US.
smironov 2 years ago 2
peter ur right about inflation, but ur wrong on china. i believe that if there is a hyperinflationary blow out of the dollar, ie the collapse of ETFs, the NYSE, EU Central bank, and all dollar denominated debt world wide, then china is DEAD!
The chinesse built their entire economy for rich export markets and domestic slave labor. This means that china cannot ever consume what it produces.
proxy4718 2 years ago
You need to go to China and check the country in person. And also stop listening to whoever is talking to you about China.
hugolp 2 years ago
He's wrong about China? Let me ask you, do you have your own successful brokerage firm and do you make over 1 million dollars per year like he does? You say he's wrong as if you know more than him commenting on YouTube. Show some respect for yourself man.
frosty321 2 years ago
did u forget that china has 1.6 billion people :)
they dont need america at all dont be fooled
the americans are going down the pan
Asia is the future america is dead
how old is china compared to america :)
the chineese are not going any where u think a little country like america with only 300 mil people is better how much gold has America got :) lol no idea at all
are u living in a dream the America dream hahahaha
rainstormaeroponics 2 years ago
If you actually run, I'll consider giving you money. RUN!!!
veritasfiles 2 years ago
Peter, if you read this, would you please give some advice on how to get Joe Sixpack interested in the basic common sense you are talking here.
Everywhere I go I spread the word of liberty and Austrian Economics but people don't seem to be interested ! Their only interest is American/Pop Idol. I'm South African (witb dual EU nationality). S-Africa has a constitution based on US. No one even has a clue about their Constitutional rights!
Some clues on how to awaken Joe Sixpack please!
gerasmus 2 years ago
Is it true that Ellen DeGeneres is replacing Paula Abdul? That would be so, like, unbelievable!!
kevattaya 2 years ago