The problem is simple...the Fed. It can "stimulate" the economy by lowering interest rates to bank, resulting in more money borrowed by banks causing inflation; or the gov. gives citizens $500 and hope that it works out. But again, more money in the system equals more inflation. What Peter says is not crazy, nor am I. We are a debt financed economy, period. I study economics and it is quite obvious. Peter has legitimate claims and predictions. The others are nonsensical.
the optimists in the discussion neglect to consider the average work a day American. The vast majority of which don't have discretionary income to "invest" or "save" with. Sure if you already have some savings or investments maybe you can take advantage of a weak dollar. But the ordinary citizen of which there are millions are left holding the "empty" bag.
Has Fox gotten ANYTHING correct? Ever? lol
PsyogiBottoms 3 years ago
I never had a credit card I never use banks.And I live just fine thank you. Gold is the only money.
freedomriver 3 years ago
ron paul is only person that can solve this problem. peter schiff is a genius..
vote ron paul and stoop mccain clinton obama
alansready 4 years ago
The problem is simple...the Fed. It can "stimulate" the economy by lowering interest rates to bank, resulting in more money borrowed by banks causing inflation; or the gov. gives citizens $500 and hope that it works out. But again, more money in the system equals more inflation. What Peter says is not crazy, nor am I. We are a debt financed economy, period. I study economics and it is quite obvious. Peter has legitimate claims and predictions. The others are nonsensical.
mikepeare 4 years ago
There's no panic yet. Everyone thinks things will "just work out fine" somehow. We have not seen a bottom but it's coming.
The real question will be if Schiff knows how to CALL the bottom as well as he called the top.
chitons21 4 years ago
Dow 3% down today. 17000 jobs lost in Jan. When are these clowns going to stop mocking Schiff? When americans start to emmigrate elsewhere?
rubenximenes 4 years ago
the optimists in the discussion neglect to consider the average work a day American. The vast majority of which don't have discretionary income to "invest" or "save" with. Sure if you already have some savings or investments maybe you can take advantage of a weak dollar. But the ordinary citizen of which there are millions are left holding the "empty" bag.
boogle362 4 years ago
I think mike is a paid propagandist, to keep the sheep viewer docile
Coot876 4 years ago
Mike is an idiot in denial.
tlkshowhst 4 years ago
Shut the hell up Mike!
Tasadaru 4 years ago 5
When Mike Norman kept interrupting Yaron Brook, I loved it when Brook said, "Mike, quiet for a minute."
Yaron Brook rocks. :-)
legendre007 4 years ago 2