10/21/09 Peter Schiff on CNBC Fast Money: Heading for a Dollar Crash

[jimmyjoe1975]

The bewilderment of these guys is hilarious.

[uturniaphobic]

one needs to ask, What benefits do a publicly traded market offer? What is or was their intended goal? It allows all to participate in the growth in earnings...

Really? Looks like a stack of elites manipulating the whole notion of "publicly traded" with no opportunity for the public to engage without a ripoff taking place.

[jimmyjoe1975]

Not sure where you sit on economic idealogy, but you are right that stocks are phony. Stocks are part of a ponzi scheme, in which you buy a share in hopes that someone else will buy it for more later. Like a Ponzi Scheme, the stock requires continual new money. If the average joe stays out and buys hard currency, stocks would have less status.

[uturniaphobic]

@jimmyjoe1975 yeah, stock represents Equity and are defined by other wealth on a Balance Sheet and Income Statement. Watching these stock values shoot all over is just people shuffling money from point A to point B. Literally digging holes and refilling other holes. All in an effort to eek out gains by any means. No interest in the company's well-being, just "how can I gain"?...this is not the original idea. the original idea was to earn with the company's growth, now we can earn on a demise too

[jimmyjoe1975]

I like watching people go in a frenzy when you compare it to gambling.

[JumpinJesuits]

yeah! GO WVU!!!

Oh wait...that's not what he meant. LOL

[30percentplusreturns]

Schiff schools these guys every damm time and its just getting tiring now watching these dopes on cnbc be wrong every week. Not one of them predicted the crash except peter. Najarian has the nerve to tell peter that the stock market is doing better than gold??? gold is at a new high, up like 400% in the past 5 years, and stocks are 40% of their highs. What is this guy smoking?? I love how they take time frames that only suit their short term agendas. CNBC is done.

[ephraimmorrison]

The mass media economists early-to-mid-2008: "What do you mean we're going to have a market crash? What do mean we're going to have a recession? The economy is in great shape!"

[ftorresgamez]

END THE FED

[cacapoopoo2327]

3:35-end. dude on lower left is making "funny" faces.

[sonofaglitch2]

The morons on CNBC will NEVER be able to understand basic economics. I suppose there isn't a whole lot of time during any given day to read a couple of books without interrupting one's fake-tanning sessions or teleprompter regurgitation.

[ftorresgamez]

Not only that, the imbeciles are being jingoistic about the dollar, as if pointing out the truth was akin to being blasphemous (!)

By the way, that woman is H-O-T!

[RCinPAWA]

The dollar's new low is a good thing.

The stock market is strong.

Now, get out there and cash your unemployment check and buy some new wheels for your cash-for-clunkers car.

[globalwarmingfarce]

I love how the Wall Street Crooks are repeating the tech bubble beating expectations exorbitant stock price rally scam. It is like paying $10,000 for an $800 1988 Chevy Caprice because it beat Mechanics expectations and did 110 MPH when they only thought it could go 100. These garbage stocks are now trading at 40 50 100+ times earnings or have no hope of earnings. That Chevy must now be worth $12,000 on todays rally because it also starts up better than expected. LOL

[steamedturtle]

Why would you listen to those that have never been right?

[fyrmun37]

END THE FED... lookup zeitgeist on either youtube or google video. These idiots said real estate was fine, economy was growing and unemployment was low..... all lies driven by the wealthy media.

[bnfox]

Peter Schiff versus the frickin Brady Bunch of clueless corporate lapdog cheerleaders...

[bnfox]

chick...

[bajoho]

here we go again. a bunch of talking airheads are schooled by schiff. where do they find these bunch of dopes?? that's what political correctness will do.

[bajoverga]

Schiff, the Austrian Wrecking Ball. I love it.

[Nickelodeon2002]

I love Schiff, he's the Austrian wrecking ball.

[vivalabag]

They basically had no answer when Schiff said he didn't want to invest in US companies that are more than likely to be taxed and regulated to death in the coming years.

[muffman11111]

yes peter the dollar has made a new low.  dont tell the people that DAM IT!!! lol

[jonesey5168]

5 against 1...NEVER GO WITH THE MAJORITY...they were wrong in 07 and they are dead wrong now...

[Stacks97]

Pete jumped in front of her first question because he knew she was going to ask in a way which implies that he's been wrong about the stock rally. Nice job, Peter!

His senate advisers much be teaching him new tricks.

[bajoverga]

Jumped in front? He waited for her to start and she didn't, so he made the move. Leaders control the discussion, sheep do not.

[Chainedorlo]

Thanks for uploading this. I don't have the patience to watch TV to look for these interviews.

[nogl0001]

that asian chick hates peter. lol.

[wcarlpdrysdale]

If peter asked that sucker-fish out on a date,,, she would gush so hard she would rocket of the chair

[mikkitiny]

US dollar is down but it's not collapsed. it's down by percentage not by folds. it was down below canadian dollar value and recovered. so, i do not really see why it wouldn't this time. and even more, weaker dollar can be beneficial for US economy, for exports, for example.

[Capnwabbit]

"Always good to get your side of the story..." Yawn. Keep yawning - and see you on Youtube later...

[jiminiflix]

a/"bla blas bla bla"...b/"dollars goin to crash"....c/"ok we gotta go"....what a waste of time. Why didn't they investigates most important point!

[JessicaBelle81]

How can that retarded host not see the correlation between a falling dollar, and a rise in stock prices and gold?

Did they not learn anything from the credit bubble that just popped?? Geeez.

[Intervene]

I feel sorry for that Asian host, she seems really depressed by it all.

Go Peter!

[stealthpakfa]

that dumb bitch has no clue about the difference between real and nominal gains!

[BeatsRoyale]

You disagree with Peter Schiff, you disagree with GOD!!!

[soundmoneyfan]

yeah that's great the goldman sachs and JP morgan get to pay huge comp, but that doesn't mean the rest of us are better off. the CNBC people have to make it sound sexy to buy stocks, and the boobs buy into it. too funny

[stealthpakfa]

look at that monkey on the lower left box joe terranova. that monkey is the worst little weasel of the lot.

id rather listen to paris hilton on economics than that monkey.

this video is a perfect for the next peter schiff was right video.

cnbc, fox, bloomberg and cnn are the most clueless journalists on earth.

[tickhound]

CNBC is to economics...

what Mariah Carey, is to economics.

[stealthpakfa]

lol

[detroitgreeks]

I cant stand the Fast Money talking heads!

[snowcloud]

The dollar has been under attack since the Fed was set up. ABOLISH THE FED!

[healthhavencom]

The talking heads are actually scared now to dismiss this guy because they don't want to star in the next 'Peter Schiff was right" video.

By the way, the dollar has been crashing (on and off) for the last 90 years or so, with no end in sight.