What is he talking about? Where do you get the money from? More earthquakes and tornadoes!!!!!!!!!!!!!!!!!!!!!!! Hell yeaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhh
Simple. If it has to be rebuilt, someone has to pay for it. Keyword "PAY" meaning there is spening involved. The black guy didnt say it was good to have terrorist attacks. He said workers get paid to do their job
@zombiefitnezz That's because the crowding out haven't happend yet. Since borrowing was used to finance this spending the crowding out will take place in the future. You got to watch the economy as a time series, not as a cross section.
leveling whole cities, factorys, entire economies, thats good for the economy? Stealing all the resources of the people and using it to make bombs that are simply blown up?
I dont know where you learned economics. The only people that were better off were weapons manufacturers and the bankers that financed it all.
We don't vote for the best candidate. The issues don't matter. Peter Schiff is as unelectable as Ron Paul. People want their stereotypic figures. You've got your cool presidents like Clinton and Obama, your average joe, usually religious, president like Bush 1 and 2, and finally your Ronald Reagans. It's rare that another sort of person can win. The real issues don't matter because all people really want is their mommy. Someone to hold their hand and fix their problems.
@shadowgeyser friedman definitely wasn't an austrian, but he was definitely closer to austrian than keynesian. he often advocated ending the fed and a gold standard.
Austria is not going bankrupt. Joke. Austrian school has been proven right , Free MArket economy and Milton Freedmans idea was derived from Austrian school.
But in truly Free market economy , masses of people will be poor , free market economy does not allocate money to support good standards of living.
But maybe that is better than DEBT to the eyeballs. REAL money is GOLD and precious metals have been and it will take over again. Fiat money and peper currency FAILED
@aviomaster You seem to be confused. In a free market, the masses of people will be wealthier. The free market doesn't exist to "allocate money" efficiently; that's not how people are raised out of poverty. Higher living standards are brought about by increases in capital equipment that help "expand" the capital structure to make our labor more productive. The abundance of goods as a result are what drive down prices and allow higher living standards. Money is just a medium of exchange.
Firstly, 911 wasn't a war u fukn moron, i want this guys job i'm sure half the people posting here are more intelligent than that black dude,
Money multiplier returns on consumer injections paired against interest rates paid on foreign national borrowing does not merit a country with such a massive fiscal deficit
i still like charles, but i have lost a lot of respect for him intellectually. he doesnt understand economics, he just looks at everything through the prism of the stock market but hes not seeing the whole picture
man that Charles guy is a fucking retard, I remember on the other video he recommended Washington mutual as his favorite stock. went down from 14.00 to 0.16 lmao
Holy crap! That dude believes in the broken window fallacy! What the hell is he doing on TV? *sigh* Why is Peter Schiff the only one who has any economic sense?
Charles idea that destroying an asset then replacing it produces wealth is nonsense because you just lost an ASSET. That money could have been used to produce another asset therefore you would have had two assets.
"The study of Money above all other fields.. is one in which complexity is used ti disguise truth or to evade truth, not to reveal it." John Kenneth Galbraith.
Austrian economists do not use mathematics in their theories or analyses(!)
The Austrian School advocates USURY, (interest never issued into circulation)
on debt. Schiff and the austrian school are really propagandandists for the private international central banking system, and you'll soon see the bankers return to the gold standard!
This comment has received too many negative votesshow
all so-called "economics" especially austrian economics is bunk, nonsense promoted by advocates of USURY private banks and parasitic money lenders who make money on money alone, transferring, thru unpayable interest on ever increasing debt, the wealth and assets of producers and workers to the non producers, speculators like schiff, and the private banks. Note schiff never once mentions usury, interest on debt which is never issued into existence. Usury is the true cause of the financial crisis.
I really wish Peter's dad did not get in trouble with taxes. He seemed like such a good role model for Peter. Also, the guy who said gold isn't money is a moron!
1 Neither slavery nor involuntary servitude except as a punishment for crime whereof the party shall have been duly convicted shall exist within the United States or any place subject to their jurisdiction
2 Congress shall have power to enforce this article by appropriate legislation.
mind you that income tax would be considered an involentary servitude so according to this amendment we are either involitarily in service to the feds or we are all criminals
Charles is a MORON! How does he NOT see that wealth destruction is wealth destruction!? If breaking things is good for the economy let's just burn down every major city.
What a tool! I'm sick of the asshole "economists".
Peter Schiff, I don't know how you put it up with it. Keep up the good fight.
Financial crises are going to happen whether or not we have a central bank. Let's just stop acting like the answer is always "more regulation" and bigger government. Maybe sometimes the answer is LESS government. I mean, this is a very vicious cycle. The government artificially induces some bubble in the economy, and then it bursts, and then the government gets even more involved to create a problem IT created. And it just happens over and over again!
The Federal Reserve is a fraud. It was created under the guise that it would save us from economic crises. But look where we are today! Did the Federal Reserve stop this financial crisis? No! They couldn't.
Let's just abolish the Fed and go back to sound money. We were so much better off. I mean, inflation was a lot stabler before 1913, and in some years inflation actually went DOWN equal or greater percentage points. Some years there was ZERO inflation. Now, that'll never happen.
Neil Cavuto and the rest of the heads always try to belittle Shiff, it drives me nuts. How many things does Peter have to be right on in order to wake up the masses!!!!
How the hell a natural disaster or a terrorist attack is going to be good for the economy ??????????? That black dude is making black people look bad !!!!!!!!!
He DID profit from it as he's been investing in commodities and foreign stocks for many years, well before the collapse. He's made a killing on gold during its bull market run and continues to. He makes his profits not by short term speculation (ie - 18 month periods of non-diversified investments), but through sound investments like in securities paying high dividends.
Also, who is this mysterious economist that made 600%? And how much has he lost when you combine all his trips to "Vegas"?
Peter Schiff predicted everything that is happening right now, but he did not know how to profit from it. There is a economist who was betting on the crush of housing and made 600 % profit and around 1 billion in 18 months.
Underdaground you are absolutely right!! I love this this guy and he is right but people are starting to wake up!! Good thing to cus Obama is not our savior!! check out stick187 on you tube he tells it how he feels!!
Peter Schiff Is A BAWSS! (Boss) They Always Try To Dumb Him Down... THAT MAKE ME SICKKKKK!!!
But I Know They're Going To Be All Over His Nut's Sack Soon Like: Peter Was Right!
Well It's Too Late BITCH!!! I'm Sick Of It!! Ahhhhhhhhhhhhhhhh!
I Can't Even Say Like I'm Fleeing To The Caribbean 'Cause They Are Already In A Revolution Against Big Corporation, Bankers, Big Pharma, High Living Cost...
Americans? In Front Of The TV I Guess... WAKE UPPPPPPPPPPPPPP!
Great, this guy thinks if we have lots of national disasters then the economy will be strong. Wonderful analysis. The sad part is there are people who believe that.
Economic activity is not created equal. We run economic statistics like it is, but common sense (and Peter Schiff) tells us something is wrong with those statistics. Replacing a broken window does not raise anyone's standard of living. Saying that is equal to say, buying a new bicycle is insane.
Charles is utterly insane!!! Given his claims, the federal government should nuke several major american cities, because that would "boost the economy by rebuilding the cities". This shows how utterly insanely stupid mainstream media mouthpieces can be.
war does stimulate economy hence ww2. The problem become innovation, this is where we have fallen short for years.
darhone1228 1 month ago
Arnold Schwarzenegger is the best austrian economist .
HK379 1 month ago
What is he talking about? Where do you get the money from? More earthquakes and tornadoes!!!!!!!!!!!!!!!!!!!!!!! Hell yeaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhh
Drunkeroc 1 month ago
Great, debate an economist when you don't understand opportunity cost.
taranis70 1 month ago
Simple. If it has to be rebuilt, someone has to pay for it. Keyword "PAY" meaning there is spening involved. The black guy didnt say it was good to have terrorist attacks. He said workers get paid to do their job
jhenrichson 4 months ago
@ 2:31 You misspelled "spending."
xtreme1002003 7 months ago
@zombiefitnezz That's because the crowding out haven't happend yet. Since borrowing was used to finance this spending the crowding out will take place in the future. You got to watch the economy as a time series, not as a cross section.
joakkvam 8 months ago
Did charles say that pear harbor and 9/11 were good for the economy? I have to watch this again cause I can't believe my fucking ears.
crutch79 8 months ago
that dumb fuck hahaa
how did he get on tv
Skunny87 10 months ago
no offence to black people,but this guys is really retard...
DoelGr 10 months ago
Classic broken window fallacy on that first part. Unreal.
Cloudrunner1 11 months ago
@hydroxylion
leveling whole cities, factorys, entire economies, thats good for the economy? Stealing all the resources of the people and using it to make bombs that are simply blown up?
I dont know where you learned economics. The only people that were better off were weapons manufacturers and the bankers that financed it all.
Equity213 1 year ago
Two dislikes? What the fuck is that shit...
HeyRuka 1 year ago
We don't vote for the best candidate. The issues don't matter. Peter Schiff is as unelectable as Ron Paul. People want their stereotypic figures. You've got your cool presidents like Clinton and Obama, your average joe, usually religious, president like Bush 1 and 2, and finally your Ronald Reagans. It's rare that another sort of person can win. The real issues don't matter because all people really want is their mommy. Someone to hold their hand and fix their problems.
surfer53 1 year ago
How does breaking windows increase productive capacity? Wealth is created by goods and services and that is it.
Graham6762 1 year ago
@shadowgeyser friedman definitely wasn't an austrian, but he was definitely closer to austrian than keynesian. he often advocated ending the fed and a gold standard.
samm1809 1 year ago
How and where did Charles get his degree? Unbelievable
dkswede 1 year ago
stupid nigga
voittajac 1 year ago
wow Charles is so fucking retarded. "if you blow shit up you create more wealth LULZ"
GreaselessAnkle 1 year ago
Goverment run courts become MONEY hungry bunch of criminals.
aviomaster 1 year ago
ambientsummer - Ok If that is true WHY those fucks in Washington DC do not have that in mind when they intervene in the economy.
aviomaster 1 year ago
Austria is not going bankrupt. Joke. Austrian school has been proven right , Free MArket economy and Milton Freedmans idea was derived from Austrian school.
But in truly Free market economy , masses of people will be poor , free market economy does not allocate money to support good standards of living.
But maybe that is better than DEBT to the eyeballs. REAL money is GOLD and precious metals have been and it will take over again. Fiat money and peper currency FAILED
aviomaster 1 year ago
@aviomaster You seem to be confused. In a free market, the masses of people will be wealthier. The free market doesn't exist to "allocate money" efficiently; that's not how people are raised out of poverty. Higher living standards are brought about by increases in capital equipment that help "expand" the capital structure to make our labor more productive. The abundance of goods as a result are what drive down prices and allow higher living standards. Money is just a medium of exchange.
ambientsummer 1 year ago
I usually agree with Charles Payne but he's dead wrong here. Schiff, as usual, is right!
vince33x 1 year ago
Firstly, 911 wasn't a war u fukn moron, i want this guys job i'm sure half the people posting here are more intelligent than that black dude,
Money multiplier returns on consumer injections paired against interest rates paid on foreign national borrowing does not merit a country with such a massive fiscal deficit
krayzai174 1 year ago
Where did they find that black guy? He is using God in his examples not as an example, but as something that affects the economy?
ihatekhomeini 1 year ago
Great video!
Thrice13 2 years ago
can anyone tell me where i can find the full lecture that Schiff did at the end of the video?? i would be grateful
GusBariga 2 years ago
Search youtube for "Peter Schiff mortgage bankers speech".
cyrusp100 1 year ago
Frédéric Bastiat 2012!
barleyLEGALdotCA 2 years ago 4
Charles you are a moron. I know you're reading this too.
nthanon 2 years ago 4
was the black guy just trying to argue that war/destruction can be healthy for the economy...? I basically can't believe my ears.
jnoort 2 years ago 50
@jnoort hahaha yeah one of the oldest fallacies ever. thats like saying that vandalism should be encouraged as that surely will boost the economy
dkswede 1 year ago
@jnoort A lot of people think that way, I just had an argument with someone about that. I was actually taught that in college as well! haha
frank1es1 9 months ago in playlist ECOMOMICS 101
@jnoort lol great for wallstreet bad for us
KF0o0o0 5 months ago
@jnoort
There are examples of that.
Ghengis Kahn brought a lot of welfare to the his people, but that's nowhere near comparable to today's situation.
dekster14LP 4 weeks ago
i still like charles, but i have lost a lot of respect for him intellectually. he doesnt understand economics, he just looks at everything through the prism of the stock market but hes not seeing the whole picture
danoftherepublic 2 years ago
I like Charles, too. I do the opposite of whatever he says and typically do pretty well.
lsa420 2 years ago 8
lmao good one
danoftherepublic 2 years ago 2
Charles hasn't read "Economic in 1 lesson" by Henry Hazlitt.
This is the first fallacy that is taught.
The problem with Keynesian Economics is that it only goes half circle. Thus, it doesn't tell the full story. The Austrian School does.
1czelaya 2 years ago 3
Charles actually believes 100% in the broken window fallacy. What a fucking moron.
scott715 2 years ago 50
@scott715 The fact the moron is still on the network is beyond me. He should be fired. Has no cred at all.
HandyMan101 7 months ago
Peter Schiff for president 2012
vjfperez 2 years ago 2
man that Charles guy is a fucking retard, I remember on the other video he recommended Washington mutual as his favorite stock. went down from 14.00 to 0.16 lmao
ArielCaboob 2 years ago 6
$526,738 raised so far. schiffforsenate com
MishuTaste 2 years ago
who is the black guy? I'm assuming a Keynesian economist. He's an utter moron, but he's just like all the other pundits (other than peter).
rationalCrash 2 years ago
please tell me that this guy was prohibited from ever commenting on any economic issue ever again.
Weeth 2 years ago
taxes and spendiing
nice.
dieyoung 2 years ago
Ha ha ha!!! That guy is actually arguing the broken window fallacy BY NAME! Ha ha ha!!!
gunsandbullhorns 2 years ago 4
Holy crap! That dude believes in the broken window fallacy! What the hell is he doing on TV? *sigh* Why is Peter Schiff the only one who has any economic sense?
Stargazer5781 2 years ago 4
Peter schiff obviously has no idea what he's talking about.
Let's all boost the economy by completely destroying our houses! Do it now!
ab1tchslap 2 years ago
you're an idiot. peter schiff predicted everything that is happening now. you probably would have heard that if obamas dick wasnt in your ear.
yef22 2 years ago
Have you ever heard of sarcasm?
ab1tchslap 2 years ago
no, what is sarcasm?
yef22 2 years ago
You're kidding right?
ab1tchslap 2 years ago
lol
shaqair 2 years ago
omg is the black guy serious??
gunnarsom 2 years ago
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◊ copy and paste if you want Youtube to declare all-out internet WARFARE on Warner Music Group!!! ...AMG!!!
phammm1 2 years ago
wow Charles is so fucking retarded. "if you blow shit up you create more wealth LULZ"
timmymcdee7 2 years ago 5
Is Charles neurologically-brain-damaged, or just fucking-stupid?
Weapon01 2 years ago 7
weapon01, obviously both.
ecnerwal999 2 years ago 3
Great compilation video thanks a lot.
Noisycowonline 2 years ago
Comment removed
pretorious700 2 years ago
CCCP goverment benkrupted CCCP economy ,, central goverment economy .
aviomaster 2 years ago
Charles idea that destroying an asset then replacing it produces wealth is nonsense because you just lost an ASSET. That money could have been used to produce another asset therefore you would have had two assets.
triniduane 2 years ago 5
The guy's just not too bright.
pretorious700 2 years ago
charles is bright.
but he is a bright liar.
rosewood223 2 years ago
"The study of Money above all other fields.. is one in which complexity is used ti disguise truth or to evade truth, not to reveal it." John Kenneth Galbraith.
Austrian economists do not use mathematics in their theories or analyses(!)
The Austrian School advocates USURY, (interest never issued into circulation)
on debt. Schiff and the austrian school are really propagandandists for the private international central banking system, and you'll soon see the bankers return to the gold standard!
debtfreecurrency 2 years ago
This comment has received too many negative votes show
all so-called "economics" especially austrian economics is bunk, nonsense promoted by advocates of USURY private banks and parasitic money lenders who make money on money alone, transferring, thru unpayable interest on ever increasing debt, the wealth and assets of producers and workers to the non producers, speculators like schiff, and the private banks. Note schiff never once mentions usury, interest on debt which is never issued into existence. Usury is the true cause of the financial crisis.
debtfreecurrency 2 years ago
My god!!!! . . . . Charles is an idiot!!!
UpTick21 2 years ago 3
Austrian Economics
conciousgood 3 years ago 6
I really wish Peter's dad did not get in trouble with taxes. He seemed like such a good role model for Peter. Also, the guy who said gold isn't money is a moron!
return135 3 years ago
Amendment 13 Slavery Abolished.
1 Neither slavery nor involuntary servitude except as a punishment for crime whereof the party shall have been duly convicted shall exist within the United States or any place subject to their jurisdiction
2 Congress shall have power to enforce this article by appropriate legislation.
mind you that income tax would be considered an involentary servitude so according to this amendment we are either involitarily in service to the feds or we are all criminals
lightbeyondthedark 3 years ago
Charles is a MORON! How does he NOT see that wealth destruction is wealth destruction!? If breaking things is good for the economy let's just burn down every major city.
What a tool! I'm sick of the asshole "economists".
Peter Schiff, I don't know how you put it up with it. Keep up the good fight.
djsherin 3 years ago 3
charles sucks
panleh75 3 years ago 5
Financial crises are going to happen whether or not we have a central bank. Let's just stop acting like the answer is always "more regulation" and bigger government. Maybe sometimes the answer is LESS government. I mean, this is a very vicious cycle. The government artificially induces some bubble in the economy, and then it bursts, and then the government gets even more involved to create a problem IT created. And it just happens over and over again!
whoo689 3 years ago
The Federal Reserve is a fraud. It was created under the guise that it would save us from economic crises. But look where we are today! Did the Federal Reserve stop this financial crisis? No! They couldn't.
Let's just abolish the Fed and go back to sound money. We were so much better off. I mean, inflation was a lot stabler before 1913, and in some years inflation actually went DOWN equal or greater percentage points. Some years there was ZERO inflation. Now, that'll never happen.
whoo689 3 years ago
Jesus christ blacks are stupid.
pathologyex 3 years ago
He's Austrian?! How can he run for a U.S. Senate position?
wpariah 3 years ago
This has been flagged as spam show
Austrian School of Economics.
CountArtha 3 years ago
austrian is a school of economic theory
jsyn1230 3 years ago
this Charles dude is a dumbass...Schiff kicked his ass too many times :))
JumpDiffusion 3 years ago 7
Neil Cavuto and the rest of the heads always try to belittle Shiff, it drives me nuts. How many things does Peter have to be right on in order to wake up the masses!!!!
Kblues80 3 years ago 3
How the hell a natural disaster or a terrorist attack is going to be good for the economy ??????????? That black dude is making black people look bad !!!!!!!!!
dioguito24 3 years ago 7
He DID profit from it as he's been investing in commodities and foreign stocks for many years, well before the collapse. He's made a killing on gold during its bull market run and continues to. He makes his profits not by short term speculation (ie - 18 month periods of non-diversified investments), but through sound investments like in securities paying high dividends.
Also, who is this mysterious economist that made 600%? And how much has he lost when you combine all his trips to "Vegas"?
LesPaulElitist 3 years ago
Peter Schiff predicted everything that is happening right now, but he did not know how to profit from it. There is a economist who was betting on the crush of housing and made 600 % profit and around 1 billion in 18 months.
dumbworld 3 years ago
RON PAUL AND PETER SCHIFF 2012!!!!
ExhibitMan 3 years ago 3
-
Charles should be arrested as a terrorist and banned from TV.
Peter seem right on the money.
So sad that people is terrorising Peter all the time.
Peter is an american patriot because he try to helpand educate , standing in a tsunami.
Magi
magi55 3 years ago
Underdaground you are absolutely right!! I love this this guy and he is right but people are starting to wake up!! Good thing to cus Obama is not our savior!! check out stick187 on you tube he tells it how he feels!!
anthropomorphosizeme 3 years ago
Is he seriously going to enter government, I thought he wanted less of it
ricochetVendetta 3 years ago
Peter Schiff Is A BAWSS! (Boss) They Always Try To Dumb Him Down... THAT MAKE ME SICKKKKK!!!
But I Know They're Going To Be All Over His Nut's Sack Soon Like: Peter Was Right!
Well It's Too Late BITCH!!! I'm Sick Of It!! Ahhhhhhhhhhhhhhhh!
I Can't Even Say Like I'm Fleeing To The Caribbean 'Cause They Are Already In A Revolution Against Big Corporation, Bankers, Big Pharma, High Living Cost...
Americans? In Front Of The TV I Guess... WAKE UPPPPPPPPPPPPPP!
UnderDaGroundAndMore 3 years ago 2
I guess by now Charles must have reached Zimbabwe.
view0507 3 years ago 3
So if a tornado rips through my town, Michigan is better off? That black guy is a total moron.
labulldog5 3 years ago 9
Great, this guy thinks if we have lots of national disasters then the economy will be strong. Wonderful analysis. The sad part is there are people who believe that.
DavidCJensen 3 years ago 6
Yes, that black guy had no idea what he was talking about.
hugolp 3 years ago 2
This comment has received too many negative votes show
Who is to Blame? The F#@king Zionist JEWS! Stop wasting my time Schiff! Hey, Schiff. Are you a Zionist?
kindlewaters 3 years ago
Charles is an embarrassment to his race.
olecodjur 3 years ago 7
ouch
user197a 3 years ago
That black guy = stupid as fuck
crispedfuture 3 years ago 11
absolutely!! every time he opens mouth, stupid shit comes out.
popination 3 years ago
Economic activity is not created equal. We run economic statistics like it is, but common sense (and Peter Schiff) tells us something is wrong with those statistics. Replacing a broken window does not raise anyone's standard of living. Saying that is equal to say, buying a new bicycle is insane.
RobTzu 3 years ago 2
Charles tell me where you live so I can break your windows. That's a good thing, right Charles?
dwayne0t 3 years ago 7
Charles is utterly insane!!! Given his claims, the federal government should nuke several major american cities, because that would "boost the economy by rebuilding the cities". This shows how utterly insanely stupid mainstream media mouthpieces can be.
honestann 3 years ago 8
acording to this black dude we should burn all the houses down and we would have great economy boost, friggin genius
sychrovsky 3 years ago 9