now that the us$ it printed by a bunch of private bankers n based on FA in reality its only worth anything so long as it remains the international exchange currency n the currenncy u buy oil with take that AWAY in reality is worthless if u see the money masters u will understand why america is Broke robbed from withing america could never be broke is not for the greedy bankers IMPOSSIBLE with so much technology n natural resourses now u r owned from the news media to u r gov the real truth guys
If Peter raises 1.5 million dollars, he'll ANNOUNCE HIS CANDIDACY FOR SENATE! Help him get into the senate seat, to kick Chris Dodd out of the senate chambers! Will you fight? PLEDGE for the September 9th MONEY BOMB at WILLYOUFIGHT(DOT)COM!
America is done. 20-35 years olds in Americans are saddled with college loans that they cant afford. Not even bankruptcy can get rid of these bad debt. They spent 90k on worthless degrees. They could of took that money and bought international real estate, rented it out, and had cash flow their whole life in a stronger currency. American kids are so stupid and misinformed. Their parents, the baby boomers, are the most financially illiterate group its laughable.
it only cost $400.00 an ounce to produce gold...lots of gold ore in the ground, and it only cost $400.00 to dig it out and turn it into gold ingots...
YOU are NOT allowed to hold Gold that belongs to the private owners of the federal reserve you peoplewere forced by law to hand over u r gold just like the goldsmiths in middle ages London people deposided their gold for safe keeping n got paper recites in return the first paper money was created after the recites went into circulation the goldsmiths ended up with the gold n lots of people with paper promises But them days u could at least take that paper money n get the equvalent in gold back
1st, The question should be 'who in their right mind would vote for RP in the Texas primary when he was already out of it?' OK, I can see making a protest vote, since I voted for Huck as a protest against McCain, & I chose Huck over RP to make that protest because at least Huck was still in it. It'd be nice if primary wasn't winner take all! There is some new vid of Huck in Israel on PJTV. com. Haven't seen it, but he is consistent. It is not hardcore Christian to hate Israel. Jus' sayin
You are saying RP was on both the Presidential and Congressional primary during the Texas primary, right? So do you KNOW what percentage RP got within his district ONLY for President? It was 5% statewide(?). But his district may have given him a much higher vote percentage. Also, his district may have sent a lot of votes to Huckaby as the most likely Pres candidate to beat McCain, since RP was out of it by then anyway.
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You are very ignorant. THe only King of the World is our Lord and Savoir Jesus Christ. Give your life to Jesus or burn in hell that is a fact. GOd loves you and gave you his only son to save your soul from hell. So you better convert or else burn in hell.
It has to really piss you off to think that by refusing to get suckered into going into massive personal debt you will get screwed over by inflation anyways. All thanks to the Fed, Govt, Wall St, the real estate industry, and speculators.
The Federal Reserve doesn't get to be independent. When you can print currency that people are coerced into accepting by the federal government at will, don't cry about losing your independence.
the people who created the "Federal" Reserve in knew that a central bank = inflation. Inflation is inherent in the system. Our money now is debt, a product of debt produced by the banking system as a whole. WDTCS? (What Does The Constitution Say?)
Peter thank you so much for caring about America and having a vision for the people. I have started a newsletter for my coworkers and they love it At least we can name a few leaders who are fighting and can give us hope
The problem is not that rich people are selfish, most people are selfish (even the poor), It's the fact that that they are destroying the system that can enable the most people to get rich. If the rules stayed the same, more people can succeed, but they keep changing the rules after they made THEIR money.
All those rich old farts are sucking the system dry,. Why,. Cause those numbers in their bank acounts get them excited and they can buy more crap from china, or just pass the money on to thier spoiled elete grandchildren (Hilton) that should be getting a job and flipping burgers like every normal american kids first job,.
The Federal Reserve is a criminal operation and has to be shut down, and all criminals therein arrested. And while we are at it, we need to go after the traitors in the CFR, AIPAC, the Trilateral Commission and the IMF.
Peter Schiff is so naive...! The Feds are not stupid, they didn't make "mistakes", because they did them deliberately. They are owned by the big bankers working to bring down world's economy so they can introduce a world currency which will be a bedrock for their One World Government.
Schiff isn't ignorant of this fact ... he's just trying speak in terms the majority of the American Public can understand. What he's really saying is "LOOK AT THIS PEOPLE!! IT"S FLIPPING IMPOSSIBLE FOR ANYONE TO BE THIS IDIOTIC!!! LOOOK!!!!" .... Once people begin to realize that everything the FED and our Federal government has been doing for decades has been so counter intuitive, he knows that they will begin to see that it's criminal intent. To save face, he must allow the public to see.
I think you are the naive one. He obviously knows it's intentional like Ron Paul does but neither one of them come out and directly say so for VERY obvious reasons. They will be painted by the media as "conspiracy theorists" or crazy. Reality is most people are still drinking the Koolaid so he and many others have to cater to that or else they just get labeled a nut and ignored.
I think he knows full well about the intentions to undertake a controlled demolition of the economy. Nevertheless, there's only so much truth that the propagandized mind can take.
First time I hear any one make this much sense. It's a don't borrow, no debt philosophy, much like our founders would have advocated. Restructer and ask the lenders to take a hit, could work. Americans would also take a hit as far as spending and saving. Much like an average household financial recovery plan.
Dave Ramsey for the Nation. Good luck working with Congress on that.
Are you talking about the Texas primaries where RP got about 5% vs. McCain?
Probably not exactly the same exact group of people, since a lot of Texas voters voted in the Democratic primary to try to give Hillary the win. Also, by then, the Republican primary was down to McCain as a virtual certainty, so it took a dedicated RP supporter to vote for him in that primary.
There is a problem with Peter's theory about shrinking the government. All they are going to do is shut down the entitlement programs that people paid into all their lives, rather than ending the corporate wellfare, foreign aid, military spending, the wars...
Why should someone who paid into SS all their lives be denied the payment they deserve so that we can keep killing people and bailing out billionaires?
Don't defend an injustice with another. That SS payment they are being "denied" is extracted forceful from unwilling people. SS is Ponzi scheme that will require higher taxes and lower payments in order to remain viable for more time. Keeping people able to consume while retired is an economic challenge, but certainly investing the money, thus yielding productivity increases is a more sensible approach than this redistribution scheme.
Social security wouldn't be such a gigantic problem if we weren't wasting so much money on the millitary, bailouts, corp welfare, port projects like corn ethanol on and on.
You just KNOW the first thing the US will cut is benefits to the needy.
I am not a socialist, I am conservative, but I am also realistic. Between taxes and inflation people were unable to save for their own retirement and they shouldn't be cheated so we can kill people.
you know some people are born with a sense of entitlement People are not entitled to some one else pocket People should take responsibility for themselves
Do not breed if u have genetic diseases or you are poor . Where is that entitlement to someone else pocket coming from ?????????????
My father has paid social security taxes for over 50 years! He is 72 years old and still working. He paid into it all his life and between the taxes they took and the inflation tax his ability to save was hampered. He isn't broke or anything, but he deserves the money that was taken from him for over 50 years!!! It's not a sense of entitlement, it's a sense of getting a SMALL portion of your own money back. End the bailouts, the wars, 800 bases in 130 countries, corn ethanol...
I like the bond (IOU Congress borrower from SS)for the cowgril museum in texas. If in 2010 and 2012 we voted out everyone that supported any of the massive spending bills. That would leave about 11 incumbents out of 535. Now that would be real change.
That is my biggest hope. I really want people to remember the bailouts when election time comes around. America said no to the bailouts and the congress turned it down, but when the assholes who gave them huge donations told them flat out to pass it, they jumped like the sell-outs they are! Every single congress person who supported the bailouts should be voted out of office and I am willing to volunteer in my area to remind the voters!
SS encompasses nearly 1/3 of the Federal Budget. Another 1/3 is Medicare/aide and the final 1/3 is Defense. Defense is the only one of those 3 that is even remotely Constitutional.
Actually, 2/3 of Obama's 1st budget, FY 2010, is mandatory spending, and 1/3 is discretionary. Total estimated receipts only cover 2/3. Of the 2/3 mandatory, 1/3 is SS, 1/3 is Medicare/aide, 1/3 is Other (includes $164Bn for interest). Of the 1/3 that is discretionary, 1/2 is Defense, 1/2 is Other, therefore the three sectors you mentioned are 1/5 of the budget each, or 3/5 total.
He is a strong proponet of giveing those that paid for the system what they paid for but would end it with them, also no matter what SS and medicare wont last (50,000,000,000 in debt).
Another thing to think about is he's against the FED and without the FED to pay for killing and bailing out anyone.
A little over a year. I believe in his ideas but who is the gov going to abandon, a guy with a vote or a guy who donates millions of dollars to politicians and political organizations? Look at the mess created by the military industrial complex! How the fuck can you privatize something that is funded involuntarily? Same with prisons and all the other ways our gov helps big corporations at the expense of everyone else.
FYI, Peter is FOR "ending corporate wellfare, foreign aid, military spending, the wars", he has stated each one specifically in lots of interviews. also, he hasn't said we should end SS immediately. it will take time.
in 10 years we will need 2.25 trillion to pay SS liability alone based on age and 15 K a year average payment you think deficit is high now ? who r u kidding ? yourself ? lol
I know all this and I am not criticizing Peter, I am criticizing the government. IMHO, every single gov program should be killed BEFORE social security. If you want to make it so that people who don't need it don't get it OK, but the people who paid into ALL THEIR LIVES, who need it, should get it and it should have spending power. The gov needs to stop pissing OUR money away and handle it responsibly. What shape would SS be in had the gov not spent the money every year?
You wouldn't be saying that if you were the one who paid it all your life and you were 64 or somewhere in that age range. Like I already said, my father paid into it for over 50 years and my mother paid into it for over 35 years and collected for 2 years before she passed. I know I am not going to get it (despite paying it for 20 years), but people like my father deserve it, worked for it and the gov needs to make good on it.
I have no doubt they deserve it. It is just unfortunate there will be no way to pay for it. That is how ponsi schemes work.. they have to be unfair for someone and the longer they go on the more unfair they get.
If they would have invested the extra money all these years we wouldn't have the problem. From what I understand, it's Medicare and Medicaid that are what is bankrupting the SS.
Like I said, people who paid into it and need it should get it, those who don't need it would forfeit their payment. It really sucks though.
I was making a constructive comment (the show might be better if...), your comment is destructive (don't listen), that show a lot about your attitude. As to the point, no programme can be truly informative if it only gives one point of view, although the media in countries with one party rule may disagree, it is hardly conducive to making an informed and independent judgment, regardless of the matters being discussed.
true, I found the handball interview with that dunce on MSNBC allot better than his DailyShow interview where Stewart was just throwing softballs at him.
It's called common sense ivanleo. Ignorance, and lack analysis is a larger culprit of uninformed judgment. If anything, libertarians of the classical nature are much more rare. The fact you even listening to his is actually rare, because you don't hear about it much in the mainstream media, but really things comes down to personal common sense, and logic. Nobody can't make a decision for you, nor can they disseminate all information of the universe to you.
So what if they agree on something. Doesn't really matter, just like your country agrees to universal healthcare, and things like that. Don't act like your the embodiment of anything, because you are not.
Not only that, Peter Schiff has debated plenty of people with different ideology, and thought that don't agree with his views. So to say that Peter Schiff simply goes on biased media exclusively displays your ignorance, and how you simply don't know what you are talking about.
There are lots of shows that do just that. If you don't like this one, don't listen. As to the point, there are reasons for which shows exist other than to entertain or to have guests that disagree with hosts.
The problem with that is it turns a point of view into an unquestionable truth, which is the first step to fundamentalism. Fortunately as a Brit I don't have to endure the garbage of your 'major networks'.
The argument that the rest of the world would have to fall in line is invalid. It stands to reason that any seller of goods and services would prefer money of the better quality. The latter argument is correct. All it takes is allowing private money and let the better currencies outperform paper over time. There is no need to end the fed as such as it's an implication of the market forces if allowed to work freely over time.
Nixon let it grow in 71. Commodities have been valid alternatives to the dollar ever since You can see it in crb price graph, it jumped from 100 where it had been for decades and it never came back down
He could try to end the Fed, but what ultimately would be the point? The Fed has been abolished before only to somehow resurrect itself. The only way to disband the Fed permanently is to abolish government itself. As Peter usually says "the government is the problem". However the chances of abolishing the government are zero. Slowing down the Fed from it's path to destruction is not the best solution but it may improve America's chances of recovery however slim that might be.
Name ONE time anarchy has worked, yeah we have an eternal power struggle and we can never lose our vigilance but that's life there are no perfect answers just the struggle for a better life.
Somalia for starters. However if you want to look at the best system of anarchy you have to look no further than the entire planet. Hundreds of countries with no one to rule them. Whatever shall we do?
I don't want to live in Somalia either. Not because I prefer my current system of government, but simply because there is not enough capital there to maintain my current lifestyle. About your other point of course countries are states however you must concede that all of these states have no government to rule their interactions with one another. Unless you prefer a world government.
I want anarchy because it allows governments to compete. It's just like a free market for governments. There are still "taxes" but no-one will put a gun to your head to make sure you pay them irregardless of whether your tax dollars have been put to good use. And btw minarchy is a contradiction in terms. Governments must monopolize protection services or cease to exist. This will happen even in a minarchy. A government cannot allow competition.
The two problems that I find with your argument are
1) In anarchy there are those that will enforce they're "taxes" on you at gun point, their form of "government" is similar to a gang.
2) There are no perfect states, a minarchy is as close as your going to get (except maybe a Federalist state with a central government that sticks to the constitution).
I agree with you that minarchy is the closest thing to a perfect state that you can get. Unfortunately government grows whether you like it or not. The founding fathers would be appalled to see what passes for government these days.
I was a minarchist for some time too, but market anarchy has won me over. Just because it doesn't exist at the moment doesn't mean it is not the best system - morally, philosophically, and economically.
If you are at all open minded about this, I urge you to check out 'The OnLine Freedom Academy' at tolfa(dot)us
Technically, nations are not states or nation-states if they have no government. You probably meant to use the word nation since implicit in the definition of state is "self-governing" or sovereignty. Common mistake though.
It was violently shut down by the feds. They arrested the people behind it and confiscated (therefore, stole) all the precious metal stores. If anything, this is proof of how well the liberty dollar was doing. So well that the state couldn't allow it to continue.
Technically true, but the fact is, the modern welfare state is actually way more expensive than people realize. Simple income taxes don't come anywhere near paying for welfare in any country. So states need legal tender laws that allow them to use a new kind of hidden tax, called inflation, to pay for their huge social programs.
I know, but the welfare state is unsustainable (and immoral) in any case. It doesn't matter if the taxation is hidden or not as the consequences will slowly eat its way through the economy tearing away more and more of the very foundation it rests upon. The welfare state is a dead end leading to poverty. It's just another argument to get rid of the fed by means of legalizing private money. If nothing is done about the problem everything will collapse by itself. Cause and effect.
Agreed. But it's an interesting thing to think about, especially when you're trying to think of ways to convince statists the errors in their thinking. One of the big myths of statism is that, even if taxes are immoral, that at least the welfare state is still a good 'utilitarian' solution to the problem of poverty. What they don't realize is that the act of taxation itself distorts production and destroys wealth intrinsically.
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Is Peter Schiff taking a stand against the fed? No. He wants to keep the fed. Why? He want to run the printing presses himself. Does that make him any better than the other fraudsters? End the fed and legalize private money. There is no other solution.
he is in favor of ending the fed... as are all students of the austrian school of economics. Idk if he says it in this video, but he says it elsewhere. Same with Ron Paul. He is talking about stepping stones here. Obviously he is not a perfectly principled person... but in comparison to others in senate... ya.
He should clearify this point and make it perfectly clear what he means about the central bank. Otherwise he may as well run under the banner "Save the Fed" - which would be a betrayal of the principles of the school and the ideas he claims to support. Ideas that have served him so well in forecasting the economic events. Ideas that have helped him and lifted him to his current status.
Gotta face the fact that he is trying to run for a political office. This will require some watering down of his message to get elected. No principled Austria student would run for political office I would think.
Ron Paul has watered down his message. Especially when he ran for president he changed some his arguments and changed his opinion completely on immigration from where he was just 10 years before. Don't want to make it seem like I don't recognize the amount of popularity Ron Paul has brought to the liberty movement (he got me thinking about it in 2007), but he is not perfect.
your statement shows a lack of understanding the role of immigration on the economy. His immigration policy, although better then the other republicans he ran against, was still restricting the flow of labor from the necessary markets it was needed in. I am sorry you have to hear this from me, but if Mexicans couldn't work under minimum wage, your standard of living would have been drastically worse off then it is now. The welfare state is the enemy here, not immigration. He does point this out.
There are no better means than the combination of minimum wage, welfare, and child support, to keep poor people poor.
It's a pity that the poor are so willing to buy into the eugenics of the socialists. I wish they could develop enough self-worth to realize they're being used.
I'm not proposing that he is perfect. But, he's far more honest, straightforward, and consistent than almost all other politicians I know. unlike other politicians, he has a basis for his opinions on what the federal government should and shouldn't do. that is the most refreshing thing I've seen in politics in a long time.
Very informative as usual, but today it seems that the more truth a candidate speaks, the harder it is for him to get elected. Let's pray Schiff has more luck than Ron Paul did.
Peter doesn't need luck, he needs educated, intelligent & motivated people helping him get into office so we can help restore this formerly great nation.
I much prefer seeing schiff tear into somebody that is trying to debunk him. This is a fluff piece, if this manages to inform somebody then so be it, but I doubt that schiff and schiff's fanboy will capture any votes, or even enlighten the people that need it most
Guys i daily post a prediction on markets.. not like thes old people ho are still eating fruit of one flook prediction,.. i respect im for what he was.. but dear friends all these top rated predictors have just said one thing decline of US then world economy.. what i have said too.. they are just big name because of media..
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twannanakashima 1 year ago
now that the us$ it printed by a bunch of private bankers n based on FA in reality its only worth anything so long as it remains the international exchange currency n the currenncy u buy oil with take that AWAY in reality is worthless if u see the money masters u will understand why america is Broke robbed from withing america could never be broke is not for the greedy bankers IMPOSSIBLE with so much technology n natural resourses now u r owned from the news media to u r gov the real truth guys
polygamous1 2 years ago
If Peter raises 1.5 million dollars, he'll ANNOUNCE HIS CANDIDACY FOR SENATE! Help him get into the senate seat, to kick Chris Dodd out of the senate chambers! Will you fight? PLEDGE for the September 9th MONEY BOMB at WILLYOUFIGHT(DOT)COM!
gwohlproductions 2 years ago
America is done. 20-35 years olds in Americans are saddled with college loans that they cant afford. Not even bankruptcy can get rid of these bad debt. They spent 90k on worthless degrees. They could of took that money and bought international real estate, rented it out, and had cash flow their whole life in a stronger currency. American kids are so stupid and misinformed. Their parents, the baby boomers, are the most financially illiterate group its laughable.
30percentplusreturns 2 years ago
it only cost $400.00 an ounce to produce gold...lots of gold ore in the ground, and it only cost $400.00 to dig it out and turn it into gold ingots...
MPVinCRIA 2 years ago
YOU are NOT allowed to hold Gold that belongs to the private owners of the federal reserve you peoplewere forced by law to hand over u r gold just like the goldsmiths in middle ages London people deposided their gold for safe keeping n got paper recites in return the first paper money was created after the recites went into circulation the goldsmiths ended up with the gold n lots of people with paper promises But them days u could at least take that paper money n get the equvalent in gold back
polygamous1 2 years ago
If you have allot of money buy some gold, if your poor buy canned food and lotts of water...
AzureSky001 2 years ago
The interviewer sucks.
What's up with all the gold advertising? Don't buy gold!! Buy canned goods ^^.
Shakaila32 2 years ago
@Shakaila32 Buy both.
TWSceptic 2 months ago
Huh?
1st, The question should be 'who in their right mind would vote for RP in the Texas primary when he was already out of it?' OK, I can see making a protest vote, since I voted for Huck as a protest against McCain, & I chose Huck over RP to make that protest because at least Huck was still in it. It'd be nice if primary wasn't winner take all! There is some new vid of Huck in Israel on PJTV. com. Haven't seen it, but he is consistent. It is not hardcore Christian to hate Israel. Jus' sayin
Jaycephus01 2 years ago
Twilight Zone... It seems that way...
You are saying RP was on both the Presidential and Congressional primary during the Texas primary, right? So do you KNOW what percentage RP got within his district ONLY for President? It was 5% statewide(?). But his district may have given him a much higher vote percentage. Also, his district may have sent a lot of votes to Huckaby as the most likely Pres candidate to beat McCain, since RP was out of it by then anyway.
Jaycephus01 2 years ago
god is fake
dispino 2 years ago
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You are very ignorant. THe only King of the World is our Lord and Savoir Jesus Christ. Give your life to Jesus or burn in hell that is a fact. GOd loves you and gave you his only son to save your soul from hell. So you better convert or else burn in hell.
JesusChristRulesYOU 2 years ago
Nothing more delusional than blind worship
pretorious700 2 years ago
ROFL! 22:16
bobsacamano1 2 years ago
It has to really piss you off to think that by refusing to get suckered into going into massive personal debt you will get screwed over by inflation anyways. All thanks to the Fed, Govt, Wall St, the real estate industry, and speculators.
00dfm00 2 years ago 2
well put.
ARAKARABLUE 2 years ago
The Federal Reserve doesn't get to be independent. When you can print currency that people are coerced into accepting by the federal government at will, don't cry about losing your independence.
nonantianarchist 2 years ago
Now I'm depressed.
nonantianarchist 2 years ago
the people who created the "Federal" Reserve in knew that a central bank = inflation. Inflation is inherent in the system. Our money now is debt, a product of debt produced by the banking system as a whole. WDTCS? (What Does The Constitution Say?)
n66178 2 years ago
I support Peter Schiff, but I don't share his view on the Fed. The Fed must be abolished, no question about that.
zoomboost 2 years ago 2
Peter thank you so much for caring about America and having a vision for the people. I have started a newsletter for my coworkers and they love it At least we can name a few leaders who are fighting and can give us hope
chucktube90 2 years ago
Schiff for Senate!!
lenny380 2 years ago
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What does Obama read on his spare time? Go to my channel to find out. It just might scare you.
daltongang79 2 years ago
The problem is not that rich people are selfish, most people are selfish (even the poor), It's the fact that that they are destroying the system that can enable the most people to get rich. If the rules stayed the same, more people can succeed, but they keep changing the rules after they made THEIR money.
2uberu 2 years ago
All those rich old farts are sucking the system dry,. Why,. Cause those numbers in their bank acounts get them excited and they can buy more crap from china, or just pass the money on to thier spoiled elete grandchildren (Hilton) that should be getting a job and flipping burgers like every normal american kids first job,.
TheLivingDeadOne 2 years ago
Buffet is also probably collecting social security,. like he really needs it,.
TheLivingDeadOne 2 years ago
yes home sales up 7% while prices fell 20%. Success?
What percentage of those sales were a result of the 10K credit you get to buy a house?
Insanity = Repeating the same behaviors, expecting different results.
Insanity!
joescarafone 2 years ago 2
Of course Buffett is selfish. If the Fed doesn't prop up Exchange Traded Derivatives, Buffett loses!
Buffett is just a man. And like a man, he is selfish and will make billions while American Homeowners lose their homes by the millions.
Pathetic.
When Ben Stein announnced that he liked Berkshire because they were invested in exhange traded derivatives, Buffett lost a lot of credibilty, imo.
joescarafone 2 years ago
Everyone should view this debate on anarchy vs miniarchy since I see a lot of talk about it in the comments yesterday...
freedomainradio(dot)com/board/forums/t/21455.aspx
Bilakaifa 2 years ago
The Federal Reserve is a criminal operation and has to be shut down, and all criminals therein arrested. And while we are at it, we need to go after the traitors in the CFR, AIPAC, the Trilateral Commission and the IMF.
freedomfighterone 2 years ago
WILLYOUFIGHTdotCOM
Fundraiser for Peter's Senate, Sept 9th!
TajiTJ 2 years ago
Had we done nothing no bailout, no stimulus. We'd be in better shape and be truely coming out of the recession.
quizerry 2 years ago
Why does this video need to be set in High Quality?
svd348 2 years ago
Peter Schiff is so naive...! The Feds are not stupid, they didn't make "mistakes", because they did them deliberately. They are owned by the big bankers working to bring down world's economy so they can introduce a world currency which will be a bedrock for their One World Government.
superchink28 2 years ago
Schiff isn't ignorant of this fact ... he's just trying speak in terms the majority of the American Public can understand. What he's really saying is "LOOK AT THIS PEOPLE!! IT"S FLIPPING IMPOSSIBLE FOR ANYONE TO BE THIS IDIOTIC!!! LOOOK!!!!" .... Once people begin to realize that everything the FED and our Federal government has been doing for decades has been so counter intuitive, he knows that they will begin to see that it's criminal intent. To save face, he must allow the public to see.
JMehrman 2 years ago
I think you are the naive one. He obviously knows it's intentional like Ron Paul does but neither one of them come out and directly say so for VERY obvious reasons. They will be painted by the media as "conspiracy theorists" or crazy. Reality is most people are still drinking the Koolaid so he and many others have to cater to that or else they just get labeled a nut and ignored.
kosai19 2 years ago
I think he knows full well about the intentions to undertake a controlled demolition of the economy. Nevertheless, there's only so much truth that the propagandized mind can take.
elnnito 2 years ago
Raise the rates!
Cut the government!
Stop the bailouts!
BlueSkies360 2 years ago 6
First time I hear any one make this much sense. It's a don't borrow, no debt philosophy, much like our founders would have advocated. Restructer and ask the lenders to take a hit, could work. Americans would also take a hit as far as spending and saving. Much like an average household financial recovery plan.
Dave Ramsey for the Nation. Good luck working with Congress on that.
captquest1 2 years ago 2
sick vid
bowtie728 2 years ago
The reason the FED was created???
As far as I know the FED was created (by the creatures from Jekyll Island) to make loads of money for themselves.
Under the pretense that they would maintain a stable economy (which of course they had no intention of doing). It was a complete con.
I'm surprised that Peter doesn't seem to know this.
Atom299 2 years ago
Are you talking about the Texas primaries where RP got about 5% vs. McCain?
Probably not exactly the same exact group of people, since a lot of Texas voters voted in the Democratic primary to try to give Hillary the win. Also, by then, the Republican primary was down to McCain as a virtual certainty, so it took a dedicated RP supporter to vote for him in that primary.
Jaycephus01 2 years ago
This is the best of Peter Schiff thus far!
sirzuke 2 years ago
There is a problem with Peter's theory about shrinking the government. All they are going to do is shut down the entitlement programs that people paid into all their lives, rather than ending the corporate wellfare, foreign aid, military spending, the wars...
Why should someone who paid into SS all their lives be denied the payment they deserve so that we can keep killing people and bailing out billionaires?
christo930 2 years ago
Don't defend an injustice with another. That SS payment they are being "denied" is extracted forceful from unwilling people. SS is Ponzi scheme that will require higher taxes and lower payments in order to remain viable for more time. Keeping people able to consume while retired is an economic challenge, but certainly investing the money, thus yielding productivity increases is a more sensible approach than this redistribution scheme.
picapauengracado 2 years ago
Social security wouldn't be such a gigantic problem if we weren't wasting so much money on the millitary, bailouts, corp welfare, port projects like corn ethanol on and on.
You just KNOW the first thing the US will cut is benefits to the needy.
I am not a socialist, I am conservative, but I am also realistic. Between taxes and inflation people were unable to save for their own retirement and they shouldn't be cheated so we can kill people.
christo930 2 years ago
you know some people are born with a sense of entitlement People are not entitled to some one else pocket People should take responsibility for themselves
Do not breed if u have genetic diseases or you are poor . Where is that entitlement to someone else pocket coming from ?????????????
VivaMydick 2 years ago
My father has paid social security taxes for over 50 years! He is 72 years old and still working. He paid into it all his life and between the taxes they took and the inflation tax his ability to save was hampered. He isn't broke or anything, but he deserves the money that was taken from him for over 50 years!!! It's not a sense of entitlement, it's a sense of getting a SMALL portion of your own money back. End the bailouts, the wars, 800 bases in 130 countries, corn ethanol...
christo930 2 years ago
I was not talking about SS Ponzi scheme that one is totally outrageous , you are right
VivaMydick 2 years ago
I like the bond (IOU Congress borrower from SS)for the cowgril museum in texas. If in 2010 and 2012 we voted out everyone that supported any of the massive spending bills. That would leave about 11 incumbents out of 535. Now that would be real change.
quizerry 2 years ago
That is my biggest hope. I really want people to remember the bailouts when election time comes around. America said no to the bailouts and the congress turned it down, but when the assholes who gave them huge donations told them flat out to pass it, they jumped like the sell-outs they are! Every single congress person who supported the bailouts should be voted out of office and I am willing to volunteer in my area to remind the voters!
christo930 2 years ago
SS encompasses nearly 1/3 of the Federal Budget. Another 1/3 is Medicare/aide and the final 1/3 is Defense. Defense is the only one of those 3 that is even remotely Constitutional.
jodark 2 years ago
Actually, 2/3 of Obama's 1st budget, FY 2010, is mandatory spending, and 1/3 is discretionary. Total estimated receipts only cover 2/3. Of the 2/3 mandatory, 1/3 is SS, 1/3 is Medicare/aide, 1/3 is Other (includes $164Bn for interest). Of the 1/3 that is discretionary, 1/2 is Defense, 1/2 is Other, therefore the three sectors you mentioned are 1/5 of the budget each, or 3/5 total.
Jaycephus01 2 years ago
You haven't lisened to him for long have you?
He is a strong proponet of giveing those that paid for the system what they paid for but would end it with them, also no matter what SS and medicare wont last (50,000,000,000 in debt).
Another thing to think about is he's against the FED and without the FED to pay for killing and bailing out anyone.
littledeaths2 2 years ago
A little over a year. I believe in his ideas but who is the gov going to abandon, a guy with a vote or a guy who donates millions of dollars to politicians and political organizations? Look at the mess created by the military industrial complex! How the fuck can you privatize something that is funded involuntarily? Same with prisons and all the other ways our gov helps big corporations at the expense of everyone else.
christo930 2 years ago
FYI, Peter is FOR "ending corporate wellfare, foreign aid, military spending, the wars", he has stated each one specifically in lots of interviews. also, he hasn't said we should end SS immediately. it will take time.
quittingtomorrow 2 years ago
in 10 years we will need 2.25 trillion to pay SS liability alone based on age and 15 K a year average payment you think deficit is high now ? who r u kidding ? yourself ? lol
VivaMydick 2 years ago
I know all this and I am not criticizing Peter, I am criticizing the government. IMHO, every single gov program should be killed BEFORE social security. If you want to make it so that people who don't need it don't get it OK, but the people who paid into ALL THEIR LIVES, who need it, should get it and it should have spending power. The gov needs to stop pissing OUR money away and handle it responsibly. What shape would SS be in had the gov not spent the money every year?
christo930 2 years ago
That doesn't sound so radical. I just want the gov to make social security voluntary.
ZuzoFriend 2 years ago
SS is going to die regardless of who pays into it. There is no way to make it fair. He is against bailing out billionaires as he clearly stated.
atm2462 2 years ago
You wouldn't be saying that if you were the one who paid it all your life and you were 64 or somewhere in that age range. Like I already said, my father paid into it for over 50 years and my mother paid into it for over 35 years and collected for 2 years before she passed. I know I am not going to get it (despite paying it for 20 years), but people like my father deserve it, worked for it and the gov needs to make good on it.
christo930 2 years ago
I have no doubt they deserve it. It is just unfortunate there will be no way to pay for it. That is how ponsi schemes work.. they have to be unfair for someone and the longer they go on the more unfair they get.
atm2462 2 years ago
If they would have invested the extra money all these years we wouldn't have the problem. From what I understand, it's Medicare and Medicaid that are what is bankrupting the SS.
Like I said, people who paid into it and need it should get it, those who don't need it would forfeit their payment. It really sucks though.
christo930 2 years ago
I was making a constructive comment (the show might be better if...), your comment is destructive (don't listen), that show a lot about your attitude. As to the point, no programme can be truly informative if it only gives one point of view, although the media in countries with one party rule may disagree, it is hardly conducive to making an informed and independent judgment, regardless of the matters being discussed.
ivanleo 2 years ago
true, I found the handball interview with that dunce on MSNBC allot better than his DailyShow interview where Stewart was just throwing softballs at him.
quittingtomorrow 2 years ago
It's called common sense ivanleo. Ignorance, and lack analysis is a larger culprit of uninformed judgment. If anything, libertarians of the classical nature are much more rare. The fact you even listening to his is actually rare, because you don't hear about it much in the mainstream media, but really things comes down to personal common sense, and logic. Nobody can't make a decision for you, nor can they disseminate all information of the universe to you.
PontiffMystic 2 years ago
So what if they agree on something. Doesn't really matter, just like your country agrees to universal healthcare, and things like that. Don't act like your the embodiment of anything, because you are not.
PontiffMystic 2 years ago
Not only that, Peter Schiff has debated plenty of people with different ideology, and thought that don't agree with his views. So to say that Peter Schiff simply goes on biased media exclusively displays your ignorance, and how you simply don't know what you are talking about.
PontiffMystic 2 years ago 2
What's the point of a radio show where the host and the guest just agree on everything 100% of the time? Opposing views would be more interesting.
ivanleo 2 years ago
There are lots of shows that do just that. If you don't like this one, don't listen. As to the point, there are reasons for which shows exist other than to entertain or to have guests that disagree with hosts.
Panpiper 2 years ago
Not if what they are saying is right, otherwise it's just pundit bobblehead garbage as seen on every major network.
devience666 2 years ago
The problem with that is it turns a point of view into an unquestionable truth, which is the first step to fundamentalism. Fortunately as a Brit I don't have to endure the garbage of your 'major networks'.
ivanleo 2 years ago
WHAT?! Peter Schiff won't end the fed? He should know that the alternative is private money and the gold standard.
QIQrrr 2 years ago
Peter won't end the Fed because he can't. Peter is reasonable and will push for the most feasible compromise. Peter also can't end abortion.
quittingtomorrow 2 years ago
Silly comment.
QIQrrr 2 years ago
The problem with the gold standard now is that you need to have the rest of the world fall in line.
Going it alone would not be viable.
The first thing would probably be to have gold and silver be a competing currency to the dollar and let it grow.
Paetaor 2 years ago
The argument that the rest of the world would have to fall in line is invalid. It stands to reason that any seller of goods and services would prefer money of the better quality. The latter argument is correct. All it takes is allowing private money and let the better currencies outperform paper over time. There is no need to end the fed as such as it's an implication of the market forces if allowed to work freely over time.
QIQrrr 2 years ago
Nixon let it grow in 71. Commodities have been valid alternatives to the dollar ever since You can see it in crb price graph, it jumped from 100 where it had been for decades and it never came back down
ricochetVendetta 2 years ago
He could try to end the Fed, but what ultimately would be the point? The Fed has been abolished before only to somehow resurrect itself. The only way to disband the Fed permanently is to abolish government itself. As Peter usually says "the government is the problem". However the chances of abolishing the government are zero. Slowing down the Fed from it's path to destruction is not the best solution but it may improve America's chances of recovery however slim that might be.
Mathannix 2 years ago 2
Name ONE time anarchy has worked, yeah we have an eternal power struggle and we can never lose our vigilance but that's life there are no perfect answers just the struggle for a better life.
littledeaths2 2 years ago
Somalia for starters. However if you want to look at the best system of anarchy you have to look no further than the entire planet. Hundreds of countries with no one to rule them. Whatever shall we do?
Mathannix 2 years ago
I don't want to live in Somalia, do you?
"Hundreds of countries with no one to rule them" if it's a country then there's a state.
littledeaths2 2 years ago
I don't want to live in Somalia either. Not because I prefer my current system of government, but simply because there is not enough capital there to maintain my current lifestyle. About your other point of course countries are states however you must concede that all of these states have no government to rule their interactions with one another. Unless you prefer a world government.
Mathannix 2 years ago
If you cant find a successful anarchy why do you want anarchy?
Government is defined as the act of GOVERNING and each state has it's own way of governing.
No I don't want a world government I just want a large minarchy.
littledeaths2 2 years ago
I want anarchy because it allows governments to compete. It's just like a free market for governments. There are still "taxes" but no-one will put a gun to your head to make sure you pay them irregardless of whether your tax dollars have been put to good use. And btw minarchy is a contradiction in terms. Governments must monopolize protection services or cease to exist. This will happen even in a minarchy. A government cannot allow competition.
Mathannix 2 years ago
The two problems that I find with your argument are
1) In anarchy there are those that will enforce they're "taxes" on you at gun point, their form of "government" is similar to a gang.
2) There are no perfect states, a minarchy is as close as your going to get (except maybe a Federalist state with a central government that sticks to the constitution).
littledeaths2 2 years ago
I agree with you that minarchy is the closest thing to a perfect state that you can get. Unfortunately government grows whether you like it or not. The founding fathers would be appalled to see what passes for government these days.
Mathannix 2 years ago 2
I was a minarchist for some time too, but market anarchy has won me over. Just because it doesn't exist at the moment doesn't mean it is not the best system - morally, philosophically, and economically.
If you are at all open minded about this, I urge you to check out 'The OnLine Freedom Academy' at tolfa(dot)us
locjeb 2 years ago
Technically, nations are not states or nation-states if they have no government. You probably meant to use the word nation since implicit in the definition of state is "self-governing" or sovereignty. Common mistake though.
atm2462 2 years ago
I did not know that. Thanks for making me smarter and five times more smug:p
Mathannix 2 years ago
Ha.. International relations was probably one of my favorite non-engineering courses so far.
atm2462 2 years ago
watch this video
v=qtGkTRnocZI
hope you can figure out how to watch it... it is on youtube...
Bilakaifa 2 years ago
Invalid argument. You don't need to abolish the state or the government to allow private money.
QIQrrr 2 years ago
Ever heard of the liberty dollar? That experiment didn't go so well did it?
Mathannix 2 years ago
The feds shut it down
bearhuntaa 2 years ago
It was violently shut down by the feds. They arrested the people behind it and confiscated (therefore, stole) all the precious metal stores. If anything, this is proof of how well the liberty dollar was doing. So well that the state couldn't allow it to continue.
drewmandan 2 years ago 3
So, if the state shuts down a competing currency because they feel threatened by it...it's proof that alternate currency didn't work?
nonantianarchist 2 years ago
Technically true, but the fact is, the modern welfare state is actually way more expensive than people realize. Simple income taxes don't come anywhere near paying for welfare in any country. So states need legal tender laws that allow them to use a new kind of hidden tax, called inflation, to pay for their huge social programs.
drewmandan 2 years ago 3
I know, but the welfare state is unsustainable (and immoral) in any case. It doesn't matter if the taxation is hidden or not as the consequences will slowly eat its way through the economy tearing away more and more of the very foundation it rests upon. The welfare state is a dead end leading to poverty. It's just another argument to get rid of the fed by means of legalizing private money. If nothing is done about the problem everything will collapse by itself. Cause and effect.
QIQrrr 2 years ago
Agreed. But it's an interesting thing to think about, especially when you're trying to think of ways to convince statists the errors in their thinking. One of the big myths of statism is that, even if taxes are immoral, that at least the welfare state is still a good 'utilitarian' solution to the problem of poverty. What they don't realize is that the act of taxation itself distorts production and destroys wealth intrinsically.
drewmandan 2 years ago 4
BRILLIANT DISBAND GOVERNMENT ITSELF!!!!
lol if only people could think outside the box and really try to understand how that would really work.
Bilakaifa 2 years ago
the more i hear this guy speak,the more i love him.
great job,peter
mejt223 2 years ago 4
I only hope Americans wake up and vote the people out who are killing this union.
Further more It's time to take a stand against the fed. Also to my fellow Californians I hope to god we vote out evil Nancy and loose Baba boxer.
Best of Luck Peter!
CrystalPalace2009 2 years ago 4
This comment has received too many negative votes show
Is Peter Schiff taking a stand against the fed? No. He wants to keep the fed. Why? He want to run the printing presses himself. Does that make him any better than the other fraudsters? End the fed and legalize private money. There is no other solution.
QIQrrr 2 years ago
he is in favor of ending the fed... as are all students of the austrian school of economics. Idk if he says it in this video, but he says it elsewhere. Same with Ron Paul. He is talking about stepping stones here. Obviously he is not a perfectly principled person... but in comparison to others in senate... ya.
Bilakaifa 2 years ago 3
He should clearify this point and make it perfectly clear what he means about the central bank. Otherwise he may as well run under the banner "Save the Fed" - which would be a betrayal of the principles of the school and the ideas he claims to support. Ideas that have served him so well in forecasting the economic events. Ideas that have helped him and lifted him to his current status.
QIQrrr 2 years ago
Gotta face the fact that he is trying to run for a political office. This will require some watering down of his message to get elected. No principled Austria student would run for political office I would think.
Bilakaifa 2 years ago
WHAT?! If there's one winning case it's END THE FED!!!
QIQrrr 2 years ago
Ron Paul has won office many times and he follows Austrian (real) economics.
rationalCrash 2 years ago
Ron Paul has watered down his message. Especially when he ran for president he changed some his arguments and changed his opinion completely on immigration from where he was just 10 years before. Don't want to make it seem like I don't recognize the amount of popularity Ron Paul has brought to the liberty movement (he got me thinking about it in 2007), but he is not perfect.
Bilakaifa 2 years ago
he needs to change his immigration policy because it's good for the economy, i am sorry, but he's spot on.
strongbadassman 2 years ago
your statement shows a lack of understanding the role of immigration on the economy. His immigration policy, although better then the other republicans he ran against, was still restricting the flow of labor from the necessary markets it was needed in. I am sorry you have to hear this from me, but if Mexicans couldn't work under minimum wage, your standard of living would have been drastically worse off then it is now. The welfare state is the enemy here, not immigration. He does point this out.
Bilakaifa 2 years ago
There are no better means than the combination of minimum wage, welfare, and child support, to keep poor people poor.
It's a pity that the poor are so willing to buy into the eugenics of the socialists. I wish they could develop enough self-worth to realize they're being used.
caltrop69 2 years ago 2
I'm not proposing that he is perfect. But, he's far more honest, straightforward, and consistent than almost all other politicians I know. unlike other politicians, he has a basis for his opinions on what the federal government should and shouldn't do. that is the most refreshing thing I've seen in politics in a long time.
rationalCrash 2 years ago
what's the point of the HD.
treboomboom 2 years ago
for HD audio?
stereo vs. radio
KhmerD0g 2 years ago
You can click on the "HQ" to minimise the view.
quittingtomorrow 2 years ago
To see a clearer future.
Schiff for president!
SENTRY000 2 years ago
Very informative as usual, but today it seems that the more truth a candidate speaks, the harder it is for him to get elected. Let's pray Schiff has more luck than Ron Paul did.
VyseLegend 2 years ago 7
While RP did not win his presidential election bid, he had no trouble winning his congressional seat.
kihjin 2 years ago
Peter doesn't need luck, he needs educated, intelligent & motivated people helping him get into office so we can help restore this formerly great nation.
kmg501 2 years ago 4
I much prefer seeing schiff tear into somebody that is trying to debunk him. This is a fluff piece, if this manages to inform somebody then so be it, but I doubt that schiff and schiff's fanboy will capture any votes, or even enlighten the people that need it most
yytrert 2 years ago
Peter,
If the baby boomers are cut off their paid in social security pensions - bloody heads will bounce down the steps of congress.
It is a fact.
yogiudo 2 years ago
Guys i daily post a prediction on markets.. not like thes old people ho are still eating fruit of one flook prediction,.. i respect im for what he was.. but dear friends all these top rated predictors have just said one thing decline of US then world economy.. what i have said too.. they are just big name because of media..
mustfarhan 2 years ago
Whats the difference between not getting a check and getting a check denominated in a worthless currency?
FlailingJunk 2 years ago 2
The difference is that the stupid man stays stupid.
The common man does not understand inflation. However, the common man understands when they are receiving nothing.
The gov't promises $500. The gov't delivers $500 but does not guarantee its worth. The common man stays content.
The gov't promises $500. The gov't delivers nothing. The common man is enraged.
I cannot help the stupid.
harveybirdmannequin 2 years ago
Awesome 30 min vid. Peter, have you covered the potential FDIC bailout? I may have missed your incite on this issue.
ScottishViking1977 2 years ago 2
Thanks for the video peter. =)
zetsway5000 2 years ago 7