look at oil prices? Oil prices are TRENDING DOWN even with Iran/Straight of Hormuz. Peter Schiff & Gerald Celente OUGHT to know better but talk oil up like it's breaking our backs.
This chart shows the REAL DEAL on oil prices compared to silver, euro, gold, s&p which IS up in dollar-terms:
ht tp://flic.kr/p/bmKGSv
also ht tp://flic.kr/p/bkQhYk
face the TRUTH: oil SHOULD Be pushing up with fundamentals and threats.
@ytgv3fc7 Petraeus (Head of CIA) just came out and said that the Saudi's are defying industry notions that they couldn't up their production and are pumping out some extra supply that no one expected. You're right on the demand side of things, but think the Saudi's playing ball to hurt their main enemy in the Middle East in Iran (Sunni vs Shia's) is the main mover of oil prices in the past month.
It's almost as though these newsreaders have someone in their ear telling them to cut Peter off. Obviously some fat cat somewhere doesn't want the truth let out of the bag. I am launching a website called meet the presstitutes shortly and it will be a free forum where no comments are filtered!
Ironically, most Americans still believe that nothing will ever happen to them because they still have the biggest economy in the world. In fact, they are still sleeping with their American dream. They don't want to wake up to face the reality, so sad...........
Did you hear the one about Ben Bernanke ordering a pizza at Dominos? When asked if he wanted it cut into 6 or 8 slices he said, aahh make it 8 because I´m really hungry! :D
I agree with the moderator. What Peter is forgetting is that yes I agree that if interest rates rise that would do what he says but interest rates ARE NOT GOING TO RISE. Ben Bernanke controls interest rates. And we can print money, unlike europe so we won't have a crisis like they will. That's what Peter is overlooking
@Enayze I don't buy that. All we've done is printed money for the last decade and there has been normal inflation but I wouldn't say hyperinflation. Hyperinflation is out of control inflation like 50% a month
@rudemood2011 The Fed loses control of interest rates when CPI numbers remain stubbornly above bond yields.
After initial period of increased short-term spending, long term capital preservation becomes a primary concern. People will divest from treasuries, causing Fed to buy more treasuries, fueling govt deficit spending, and further withdrawal of resources from private sector. Costs of goods will rise for private sector -> inflation! Followed by political pressure on Fed to rein in inflation.
It makes no difference if the FED "controls" interest rates, or the "press". Just ask Sweden, which collapsed in 1991 when rates were artificially low and as a punishment the free market forced Sweden to raise interest rates to 500%.
@SnowmanR72: And that will benefit you how? Your country is irrelevant. China might rule your weak ass not mine son. China will be left holding $trillions in worthless fiat, China will be left with $billions in consumer goods it can't sell, China lacks fresh water, China still has over 500 million people who live off $2.00 a day, China has more pollution than anyone. But suck that Chinese dick if you like kid.
@espada9 NOT TRUE espada9. Those billions in consumer goods will be sold to their billions of people in their country. Right now their currency is artificially kept low so ours can be high. As ours goes lower their purchasing power will rise dramatically and the Chinese will be able to buy their own goods.
@espada9 you'll see when your fat american kids are working for china for 10$ a week.. your currency is done. The WORLD does not revolve around USA. The world wants them to crash.. they will.
Why does USA owe china 1,559 Billion owe japan 912 Billion owe UK 326 Billion owe Brazil 214 Billion
What people should realize with each passing day Gold and Silver is being pumped out of our economy , (we buy your Gold and Silver ) those big ads in the newspapers prey on people desperate to pay their bills and they are at present selling their real wealth for a fraction of it's future real value , while investors are buying sometimes fake Gold and Silver bullion manufactured by some central banks to give the illusion to the people that they have something of value , test all your purchases
I don't watch CNBC and watching this video was like being caught in the twilight zone. Do any of these MSM talking heads actually understand what's going on and they just lie or do they not understand the seriousness of the situation?
Question for anyone willing to help me out...what will happen to the price of gold and silver bullion when this credit event Peter has been warning us about finally happens?
It will retains it value unlike the dollar or whatever paper currency you hold. Would you rather have a bar of gold when inflation is going through the roof or more paper money that will continue to lose its value? What would you of rather had in Germany in the 1920s?
With that said I don't think hyperinflation is going to strike the United States but I do think Schiff is right when he says that the dollar is going to lose a lot of its value in the near future.
I understand how Peter feels. I was trying to explain to someone that Greece's debt was a spit in the ocean compared to ours. However, in his mind 300 bil euros is bigger than $15trillion. Disclaimer, he was educated in the public school system.
if you look back 10 yrs at the S&P500 it was at around 1200. for almost three quarters of the time between then and now the S&P has been below 1200 and well below 1200. stocks have not gone up for ten years. these CNBC perma bulls are wacko.
How is it that no one is bringing Peter on their show to agree with him? But they always back-peddle and reference how he was right to this day with his predictions... Which is it? Is he wrong now or is he right? Only voice of reason I hear. Keep going in the media Peter, you're making a big difference.
The media in Europe is equally clueless. When the FED announced that interest rates would be zero for the next two years, the business journalists cheered, the stock markets went up and champagne bottles were opened. Dumb ass people.
Those who will survive the coming collapse will be the ones owning gold and silver. The rest are fucked.
Robert isn't wrong here either, he's simply pointing out that the U.S. stock market is plentiful with companies with huge exposure and investment in Asia. In other words, he doesn't talk about the dow jones or nasdaq as being a monolith that has a positive perspective in real gains. Instead he points out that even as you see only nominal gains in U.S. equities the market has a positive future of real gains because eventually even U.S. stocks will have a majority exposure to non-western markets.
NEWS -. BANK RUN -TRINIDAD AND TOBAGO.CARIBBEAN. WEST INDIES, REPUBLIC , ROYAL , FIRST CITIZEN and SCOTIABANK . Customers are simultaneously closing their accounts fearing imminent bankruptcy and insolvency. Already collapsed in the same countries are two large financial banking institutions CLICO and HCU. [ Global News Network ]--
You would think after Peter predicted the 08 crisis back in 05 and 06 that these morons would listen to him and stop saying the same old crap about how the economy is doing well like they were just 4 years ago. These people have a disease or something that doesn't allow them to think. I bet Art Laffer still thinks his views are sound even though Peter PROVED him wrong. Laffer owns Peter a penny.
Peter is right in the long term but he is missing one point. In the US there is a widespread understanding that Government spending needs to be cut dramatically. in Europe its the opposite.
Many Americans still WANT TO WORK, whereas Europeans just want more benefits at someone else's expense.
Public sentiment has a big impact on policy and on the economy.
I don't think the Euro will rise in relation to the dollar anytime this year.
@LibertyDownUnder, Maybe be in mainland Europe but in Britain we are cutting everything to the bone, well everything that affects the poor and middle class. They are trying to do a scheme called the big society, it sort of go like this. We the government wont you to be a big fat loving charity and help each other like the good old days of WWII and we shall bail out more banks and other interested parties with the money saved.
Did you catch, "they have the press, they have the press." Then the dork tried to recover and say Printing press. Yes, folks you heard it right, they have both the Press and the Printing Press!
You know the media is a full of shit propaganda arm for the establishment when my neighbor who is a janitor earned a better return on his investment than Warren Buffet and has a better understanding of our monetary system than all of these shill talking heads.
its funny that the host said "if they want to keep interest rates low, they can" . NO! they dont decide it s the market, and in the long term the market can crush the FED
@sapiensproeliator well the fed can manipulate interest rates by purchasing treasury bonds but they can only keep that game up for so long until serious inflation sets in, maybe thats why they've projected low interest rates til 2014, cause thats as long as they can keep it up, get ready for more QE which will push commodities
@sapiensproeliator fuck the host..he's 'just' a journalist..what is really tragic is that POTUS, his advisors, the Fed bosses..they all believe, or pretend to believe that it is a few important beaurocrats who will always decide what is interest rate
God, peter has so much to say and tries to do it in a small amount of time... he needs more time so people really understand what is going on and why.
Peter is a master schooling a bunch of 1st graders that don't have the mental capacity to see the obvious and have definitely not studied economic history
Its like....how many money managers are piled into AAPL to get their alpha----AAPL will burst one day just like MU did and many other "darlings" that the street over owned
Even though the Host has been annoying here, I do share his question. If the FED sets and control the federal funds rate and has said that they will keep it at 0% until 2014. Then why should the interest rate rise like Peter suggests if the FED controls the interest rate? Is it because consumer price inflation will start picking up, so they would be forced to raise rates? is it because banks will start unleashing their reserves and maike loans so the money supply can create a speculative bubble?
@jaimepanama Holding the Interest rate that low for so long causes rampant inflation. It's not in their interests to hold the rate so low for so long unless it's their intention to cripple the economy.
@Joe11Blue You are correct in identifying inflation as the expansion of the money supply. Also you are correct in saying that having interest rates too low for too long causes either consumer prices to rise or a speculative bubble like the dot-com or housing, but I must add that as long as government bonds are being demanded by investors, which is the case right now, the Fed can keep interest rates at 0% without resulting in a rise in consumer prices.
@jaimepanama further, I do agree with Peter, I think that Europe's situation is benefiting enormously the US economy, investors are flying into the "safe haven" of the US bond market, which is why we have not yet had a significant rise in consumer prices and why the fed can keep interest rates at 0% while the government keeps borrowing..... This will all change whenever europe gets better, or if consumer prices pick up from banks uleashing their reserves and lending thru their fraction reserves
@jaimepanama Peter means to say that while the Fed can adopt any policy approach they want, reality will force their hand in raising rates when higher inflation becomes overt to the general population, or at least the financial world and media. Most people can feel the increase in cost of living over the last few years, but most actually still claim there is no inflation. When those people finally "see" it, it will likely be bad enough for the Fed to have to move or risk USD death.
I have admire Peters patience.. They try and shout this guy down wherever he goes. Why are the public so blind to see that this guy is speaking sense..?
Yum, bought gold at $400, $600, and $850.....I am golden!! Ha ha. Didn't lose a dime in the crash of 2008. Doubled and Tripled my investments thanks to listening to Peter Schiff. How are all those housing and financial stocks working out for all you Keynesians?
@DennyDucet I'm happy for you. I 'only' woke up to gold and the NWO agenda when the price was around 650. Anyway, besides the price point, the feeling of being woken up (still so much more to go) is just feeling good! It feels liberating!
Talk about high on opium...Sack him!! I've got a printing press too idiot. The problem is nobody accepts my currency, so I can't buy anything with it! Countries are now kicking the dollar into touch = it's going to take more of those beny bucks to pay for your imports. I can't believe these idiots get paid.
Notice how the host never interrupted the other guy while he spoke while constantly interrupting Peter? It's due to two factors: (1) They and their buddies on Wall Street need more suckers, so they must be positive on the economy and U.S. stocks (2) They are ideologically predisposed (brainwashed) to think the government's/Federal Reserve's measures are working. The CNBC hosts are mostly Keynesians in other words.
The debt is growing far faster than the government's phony GDP numbers.
Italy is next. Don't let that looser distract by speaking france. 7.1 yeild is the breaking point on he 10 year and so many problems make it a sure bet. Italy was 100% dependant on oil from lybia, thats why Italy was exempt from the sanctions we forced all our partners to follow starting monday, though we will not enforce till july. Stupid move by Obama because now Iran is saying "we instead, will not trade with you starting very soon" as they are finding other buyers. By by Italy bonds sooner.
Peter I've got a new strategy to use on these suppossed economists who criticize youre views. Instead of trying to convert them just say, "you know what, you're right. I predicted the financial crisis, but hey what do I know."
@IslandStyle123 Very annoying indeed when they just start talking over guests. Didn't these people learn any courtesy rules? I wonder where they get these morons anyway.
@IslandStyle123 Ya. I don't understand why these shows are always in such a hurry? It's always, hurry up, gotta' go. Why not have fewer guests and actually let the guests talk? I like Jon Stewart's format. He has 1 guest per show.
The elites that own the host have their hand so far up his ass, they can work his mouth like a sock puppet. He knows jack shit about economics. He's a talking head.
in schiff we trust
xfactortype1 1 week ago
The role of an interviewer is to ask unbiased questions to their guests and have them discuss amongst themselves, not what this asshole does
mites7 2 weeks ago
@PeterSchiffChannel
ht tp://flic.kr/p/bpJpAt
inversely moving oil prices : WTI vs Brent
ytgv3fc7 2 weeks ago
When my family members and neighbors wake up, I hope they wake up on the right side of the bed! If not am whole lotta people are gonna be fighting
HillTribeman 2 weeks ago
ron Paul
cliff185026 3 weeks ago
look at oil prices? Oil prices are TRENDING DOWN even with Iran/Straight of Hormuz. Peter Schiff & Gerald Celente OUGHT to know better but talk oil up like it's breaking our backs.
This chart shows the REAL DEAL on oil prices compared to silver, euro, gold, s&p which IS up in dollar-terms:
ht tp://flic.kr/p/bmKGSv
also ht tp://flic.kr/p/bkQhYk
face the TRUTH: oil SHOULD Be pushing up with fundamentals and threats.
IT'S DOWN.
Someone's up to something.
ytgv3fc7 3 weeks ago in playlist 1 2012 01 27
@ytgv3fc7 Petraeus (Head of CIA) just came out and said that the Saudi's are defying industry notions that they couldn't up their production and are pumping out some extra supply that no one expected. You're right on the demand side of things, but think the Saudi's playing ball to hurt their main enemy in the Middle East in Iran (Sunni vs Shia's) is the main mover of oil prices in the past month.
wfran15 3 weeks ago
@wfran15 CHECK THIS OUT, ht tp://flic.kr/p/bpJpAt
ytgv3fc7 2 weeks ago
This has been flagged as spam show
I like the video, thanks for sharing
StockMarketFunding 3 weeks ago
It's almost as though these newsreaders have someone in their ear telling them to cut Peter off. Obviously some fat cat somewhere doesn't want the truth let out of the bag. I am launching a website called meet the presstitutes shortly and it will be a free forum where no comments are filtered!
ergewghwyhw45y2 3 weeks ago
thats reporter is another lamb to the slaughter
benjiheads 3 weeks ago
i cant wait for the shit to hit the fan and all these monkeys will get owned peter is king. but hey its only human nature
benjiheads 3 weeks ago
the comedy channel that is the monkey reporters on CNBC and bloomberg lolo
benjiheads 3 weeks ago
Peter schiff is right the American dollar is this current system is fucked!!
TheNovelty8theory 3 weeks ago
Ironically, most Americans still believe that nothing will ever happen to them because they still have the biggest economy in the world. In fact, they are still sleeping with their American dream. They don't want to wake up to face the reality, so sad...........
samkoi56 3 weeks ago 5
@jaimepanama They've had how many failed Bond auctions in the past two months now? I know of three. I know there were more.
Joe11Blue 3 weeks ago
This has been flagged as spam show
╭∩╮（⃕‿⃕）╭∩╮➔ CAPITALISM & COMMUNISM not EQUAL..!!!
DRUGLORDS+GOVERNMENT is COUNTERFEITING MONEY for SLAVERY.!!
BANKERS & DRUGLORDS screwed life & society in human history.
BURN DRUG LORDS ALIVE & OCCUPY THE WORLD.!!
CAPITALISM = NO REAL FREEDOM. WORLDS FAKE ECONOMY.
fight for LAST DROP BLOOD for MONEY & POWER = OPPORTUNIST MANIPULATIVE REALM LANDLORD GRABBER PIG ROYAL LAZY FAMILY.
HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(
koppellhinex 3 weeks ago
Did you hear the one about Ben Bernanke ordering a pizza at Dominos? When asked if he wanted it cut into 6 or 8 slices he said, aahh make it 8 because I´m really hungry! :D
runarolsen 3 weeks ago 14
@runarolsen Thanks for that
Klarkedude 1 week ago
Fire the interviewer....
tallbillyboy 3 weeks ago
yep..were, all still suffering from..DISNEYLAND SYNDROME..
chadberry75 3 weeks ago
I agree with the moderator. What Peter is forgetting is that yes I agree that if interest rates rise that would do what he says but interest rates ARE NOT GOING TO RISE. Ben Bernanke controls interest rates. And we can print money, unlike europe so we won't have a crisis like they will. That's what Peter is overlooking
rudemood2011 3 weeks ago
@rudemood2011 If you keep printing money that will lead to hyper inflation, which in turn will create a crisis.
Enayze 3 weeks ago
@Enayze I don't buy that. All we've done is printed money for the last decade and there has been normal inflation but I wouldn't say hyperinflation. Hyperinflation is out of control inflation like 50% a month
rudemood2011 3 weeks ago
@rudemood2011 Time will tell
Enayze 3 weeks ago
@rudemood2011 The Fed loses control of interest rates when CPI numbers remain stubbornly above bond yields.
After initial period of increased short-term spending, long term capital preservation becomes a primary concern. People will divest from treasuries, causing Fed to buy more treasuries, fueling govt deficit spending, and further withdrawal of resources from private sector. Costs of goods will rise for private sector -> inflation! Followed by political pressure on Fed to rein in inflation.
boohoo746 3 weeks ago
@rudemood2011 One the free market wakes up to our cheap paper money, they will punish dollars. Fed donesn't have 100% of the dollars.
jamescc2010 3 weeks ago
They should listen to Schiff he knows his shit, he's been saying the same thing Ron Paul has and Paul predicted all this mess. Ron Paul 2012
Kavenger11 3 weeks ago
Speaking on behalf of the 99%.
Governments and consumers must carry on spending non stop to prevent the GDP from contracting. Savings rate are particularly low.
Oil prices are high which inhibits growth. This also hurts our utility bills and gas prices.
Unemployment rates have improved to 8.5%?? U are merely removing people from the workforce!
Inflation rate is significantly higher than GDP growth. Look at the prices on the street and Bernanke has the cheek to say there is no inflation??
bigbirdegg 3 weeks ago
It makes no difference if the FED "controls" interest rates, or the "press". Just ask Sweden, which collapsed in 1991 when rates were artificially low and as a punishment the free market forced Sweden to raise interest rates to 500%.
Aeros802 4 weeks ago
That host is a swine.
garrethdavis 4 weeks ago
Still selling the lies & Peter Schiff is in there pointing those lies out to the public.
wellingtonian 4 weeks ago
USA will fall very soon.. NO GOLD, NO SILVER.. China will rule... sucks to be you dumb ass yankies
SnowmanR72 4 weeks ago
@SnowmanR72: And that will benefit you how? Your country is irrelevant. China might rule your weak ass not mine son. China will be left holding $trillions in worthless fiat, China will be left with $billions in consumer goods it can't sell, China lacks fresh water, China still has over 500 million people who live off $2.00 a day, China has more pollution than anyone. But suck that Chinese dick if you like kid.
espada9 4 weeks ago
@espada9 NOT TRUE espada9. Those billions in consumer goods will be sold to their billions of people in their country. Right now their currency is artificially kept low so ours can be high. As ours goes lower their purchasing power will rise dramatically and the Chinese will be able to buy their own goods.
jlay3000 4 weeks ago
@espada9 you'll see when your fat american kids are working for china for 10$ a week.. your currency is done. The WORLD does not revolve around USA. The world wants them to crash.. they will.
Why does USA owe china 1,559 Billion owe japan 912 Billion owe UK 326 Billion owe Brazil 214 Billion
owe Taiwan 153 Billion owe Russia 115 Billion owe Canada 90 Billion
19 more country's for another 200 Billion
your country is dead. Your dollar is dead. Keep living the fat dream piss ant
SnowmanR72 3 weeks ago
If this reporter was a star wars character he'd be named "Douche Fuck The Hut"
DennyDucet 4 weeks ago
What people should realize with each passing day Gold and Silver is being pumped out of our economy , (we buy your Gold and Silver ) those big ads in the newspapers prey on people desperate to pay their bills and they are at present selling their real wealth for a fraction of it's future real value , while investors are buying sometimes fake Gold and Silver bullion manufactured by some central banks to give the illusion to the people that they have something of value , test all your purchases
jhunted7667 4 weeks ago
The host is not the brightest star on the TV-firmament...
robert4you 4 weeks ago
I really don't want to have to put out another "Peter Schiff Was Right Video" but I just can't see these idiots doing the right thing!
The collapse will be spectacular... get ready for fireworks folks!
AliceInWonderlandSyn 4 weeks ago
Peter as usual knows what the fuck's happening in this world.
suitabledude 4 weeks ago
Most don't see the real situation because they're too busy trying to be like Kim Kardashian.
Ctemple2012 4 weeks ago
I don't watch CNBC and watching this video was like being caught in the twilight zone. Do any of these MSM talking heads actually understand what's going on and they just lie or do they not understand the seriousness of the situation?
highandwired 4 weeks ago
That was a "debate" ? All i heard was Peter educating these fools.
celsorod 4 weeks ago
Schiff's passion is always impressive. He knows full well he is dead on right. Its only a matter of when will he proven right.
rm6565 4 weeks ago
Question for anyone willing to help me out...what will happen to the price of gold and silver bullion when this credit event Peter has been warning us about finally happens?
dscoleri 4 weeks ago
@dscoleri
It will retains it value unlike the dollar or whatever paper currency you hold. Would you rather have a bar of gold when inflation is going through the roof or more paper money that will continue to lose its value? What would you of rather had in Germany in the 1920s?
With that said I don't think hyperinflation is going to strike the United States but I do think Schiff is right when he says that the dollar is going to lose a lot of its value in the near future.
jackolini 4 weeks ago
@dscoleri prices will skyrocket
celo11 4 weeks ago
I understand how Peter feels. I was trying to explain to someone that Greece's debt was a spit in the ocean compared to ours. However, in his mind 300 bil euros is bigger than $15trillion. Disclaimer, he was educated in the public school system.
ItsAllAboutGuitar 4 weeks ago
if you look back 10 yrs at the S&P500 it was at around 1200. for almost three quarters of the time between then and now the S&P has been below 1200 and well below 1200. stocks have not gone up for ten years. these CNBC perma bulls are wacko.
cunnidvd 4 weeks ago
Gosh how are idiots like that host even allowed in a tv studio?
ByTheGram 4 weeks ago
How is it that no one is bringing Peter on their show to agree with him? But they always back-peddle and reference how he was right to this day with his predictions... Which is it? Is he wrong now or is he right? Only voice of reason I hear. Keep going in the media Peter, you're making a big difference.
mtgsean 4 weeks ago
The media in Europe is equally clueless. When the FED announced that interest rates would be zero for the next two years, the business journalists cheered, the stock markets went up and champagne bottles were opened. Dumb ass people.
Those who will survive the coming collapse will be the ones owning gold and silver. The rest are fucked.
Elmgren76 4 weeks ago
@Elmgren76 and guns
ralph15085 4 weeks ago
@ralph15085 Yup! And the prize of ammo has gone up since 2008 :)
Elmgren76 3 weeks ago
Robert isn't wrong here either, he's simply pointing out that the U.S. stock market is plentiful with companies with huge exposure and investment in Asia. In other words, he doesn't talk about the dow jones or nasdaq as being a monolith that has a positive perspective in real gains. Instead he points out that even as you see only nominal gains in U.S. equities the market has a positive future of real gains because eventually even U.S. stocks will have a majority exposure to non-western markets.
metalfuelandfire 4 weeks ago
This has been flagged as spam show
NEWS -. BANK RUN -TRINIDAD AND TOBAGO.CARIBBEAN. WEST INDIES, REPUBLIC , ROYAL , FIRST CITIZEN and SCOTIABANK . Customers are simultaneously closing their accounts fearing imminent bankruptcy and insolvency. Already collapsed in the same countries are two large financial banking institutions CLICO and HCU. [ Global News Network ]--
shoeupon67 4 weeks ago
Peter is a voice of reason in a world of dreamers!
vambo13257 4 weeks ago
Holy cow this will DEFINITELY make the next "Peter Schiff was right" video
dskillz1 4 weeks ago
@dskillz1 In the last minute I thought the same exact thing as you
webcompanion 4 weeks ago
I like the video, thanks for sharing
StockMarketFunding 4 weeks ago
Peter Schiff was right v3.0!
yjfoo23 4 weeks ago
Why would the host assume money can and will be free forever? Money CANNOT be free....
capslockbandit 4 weeks ago
For Christ's sake, host shut up and let the man talk!
cgdaviscg 4 weeks ago
jesus. this is wayy beyond my level. sounds awesome tho.
1nav 4 weeks ago
The fed just told us it will be okay till 2014!
They control it!
I wonder if people can put 2 and 2 together with that segment...
KazuyaDStrika 4 weeks ago
You would think after Peter predicted the 08 crisis back in 05 and 06 that these morons would listen to him and stop saying the same old crap about how the economy is doing well like they were just 4 years ago. These people have a disease or something that doesn't allow them to think. I bet Art Laffer still thinks his views are sound even though Peter PROVED him wrong. Laffer owns Peter a penny.
safewaysecurity 4 weeks ago
Why is it that the hosts and commentators on CNBC know absolutely nothing about how econony and monetary policy work?! This host is a complete fool.
radjanvar 4 weeks ago
Peter is right in the long term but he is missing one point. In the US there is a widespread understanding that Government spending needs to be cut dramatically. in Europe its the opposite.
Many Americans still WANT TO WORK, whereas Europeans just want more benefits at someone else's expense.
Public sentiment has a big impact on policy and on the economy.
I don't think the Euro will rise in relation to the dollar anytime this year.
LibertyDownUnder 4 weeks ago
@LibertyDownUnder, Maybe be in mainland Europe but in Britain we are cutting everything to the bone, well everything that affects the poor and middle class. They are trying to do a scheme called the big society, it sort of go like this. We the government wont you to be a big fat loving charity and help each other like the good old days of WWII and we shall bail out more banks and other interested parties with the money saved.
chrispoole1 4 weeks ago
@LibertyDownUnder Sorry about the grammar and spelling, I'm one of the poor, middle class, ignorant charity workers. And you can't edit on YT
chrispoole1 4 weeks ago
@chrispoole1, I don't get your point.
LibertyDownUnder 4 weeks ago
I love how Peter just makes his points and doesn't let people interupt him!
Zurnmusic 4 weeks ago
Did you catch, "they have the press, they have the press." Then the dork tried to recover and say Printing press. Yes, folks you heard it right, they have both the Press and the Printing Press!
Ron Paul 2012!
yaahme 4 weeks ago 39
This host "has been in the business for 10 years." And he still doesn't have a clue.
troykool14 4 weeks ago 10
We can add this host to a future "Peter Schiff was right" installment. This guy is a tool.
troykool14 4 weeks ago 2
5:15-5:25 OOPS. Sorry buddy. You're on CNBC, you're correct, they own the press too.
knight508 4 weeks ago
The host almost accidently told the truth in reference to the Federal Reserve...... "They have the press, uh, the printing press not the media"
weavermama 4 weeks ago
You know the media is a full of shit propaganda arm for the establishment when my neighbor who is a janitor earned a better return on his investment than Warren Buffet and has a better understanding of our monetary system than all of these shill talking heads.
greenback001 4 weeks ago
its funny that the host said "if they want to keep interest rates low, they can" . NO! they dont decide it s the market, and in the long term the market can crush the FED
sapiensproeliator 4 weeks ago
@sapiensproeliator well the fed can manipulate interest rates by purchasing treasury bonds but they can only keep that game up for so long until serious inflation sets in, maybe thats why they've projected low interest rates til 2014, cause thats as long as they can keep it up, get ready for more QE which will push commodities
decepticonsofnwo 4 weeks ago
@sapiensproeliator fuck the host..he's 'just' a journalist..what is really tragic is that POTUS, his advisors, the Fed bosses..they all believe, or pretend to believe that it is a few important beaurocrats who will always decide what is interest rate
acotytamwiesz 4 weeks ago
"Do we care why stocks go up?" Whaaaaaaaat!!!???? Of course we care!!! Duh.
Airmanf7 4 weeks ago
God, peter has so much to say and tries to do it in a small amount of time... he needs more time so people really understand what is going on and why.
moctezuma112 4 weeks ago
atleast 'robert' seems to have half a brain somewhere in his noodle
cZiebenhaus 4 weeks ago
hyperflation is coming america just be prepared these next few years but i think you be all right
mark2444 4 weeks ago
Peter is a master schooling a bunch of 1st graders that don't have the mental capacity to see the obvious and have definitely not studied economic history
kevreilly7 4 weeks ago
Its like....how many money managers are piled into AAPL to get their alpha----AAPL will burst one day just like MU did and many other "darlings" that the street over owned
kevreilly7 4 weeks ago
directions is positive ????? what a retard !!!
FIP776 4 weeks ago
Peter ain't blaming shit.... he's just telling the truth you fucking dumbass host
Shocksink 4 weeks ago
Even though the Host has been annoying here, I do share his question. If the FED sets and control the federal funds rate and has said that they will keep it at 0% until 2014. Then why should the interest rate rise like Peter suggests if the FED controls the interest rate? Is it because consumer price inflation will start picking up, so they would be forced to raise rates? is it because banks will start unleashing their reserves and maike loans so the money supply can create a speculative bubble?
jaimepanama 4 weeks ago
@jaimepanama Holding the Interest rate that low for so long causes rampant inflation. It's not in their interests to hold the rate so low for so long unless it's their intention to cripple the economy.
Joe11Blue 4 weeks ago
@Joe11Blue You are correct in identifying inflation as the expansion of the money supply. Also you are correct in saying that having interest rates too low for too long causes either consumer prices to rise or a speculative bubble like the dot-com or housing, but I must add that as long as government bonds are being demanded by investors, which is the case right now, the Fed can keep interest rates at 0% without resulting in a rise in consumer prices.
jaimepanama 4 weeks ago
@jaimepanama further, I do agree with Peter, I think that Europe's situation is benefiting enormously the US economy, investors are flying into the "safe haven" of the US bond market, which is why we have not yet had a significant rise in consumer prices and why the fed can keep interest rates at 0% while the government keeps borrowing..... This will all change whenever europe gets better, or if consumer prices pick up from banks uleashing their reserves and lending thru their fraction reserves
jaimepanama 4 weeks ago
@jaimepanama Peter means to say that while the Fed can adopt any policy approach they want, reality will force their hand in raising rates when higher inflation becomes overt to the general population, or at least the financial world and media. Most people can feel the increase in cost of living over the last few years, but most actually still claim there is no inflation. When those people finally "see" it, it will likely be bad enough for the Fed to have to move or risk USD death.
EnnesX 4 weeks ago
Pete Looks disgusted right from the start...Working with energetic fools is painful.
jsmythib 4 weeks ago
What a FUCKTARD! "They've got the press!" Seriously? Ask Weimar Germany how that worked for them. You chimpanzee fuck.
DennyDucet 4 weeks ago 21
@DennyDucet "...Chimpanzee fuck" ROFLMAO!
robert4you 4 weeks ago
I have admire Peters patience.. They try and shout this guy down wherever he goes. Why are the public so blind to see that this guy is speaking sense..?
sidkings 4 weeks ago
Yum, bought gold at $400, $600, and $850.....I am golden!! Ha ha. Didn't lose a dime in the crash of 2008. Doubled and Tripled my investments thanks to listening to Peter Schiff. How are all those housing and financial stocks working out for all you Keynesians?
DennyDucet 4 weeks ago
@DennyDucet I'm happy for you. I 'only' woke up to gold and the NWO agenda when the price was around 650. Anyway, besides the price point, the feeling of being woken up (still so much more to go) is just feeling good! It feels liberating!
elboertjie 4 weeks ago
good job peter. nice pushing through this doushbag's blablabla. keep it up.
ignas777 4 weeks ago
Talk about high on opium...Sack him!! I've got a printing press too idiot. The problem is nobody accepts my currency, so I can't buy anything with it! Countries are now kicking the dollar into touch = it's going to take more of those beny bucks to pay for your imports. I can't believe these idiots get paid.
campeona5 4 weeks ago
DOLLAR IS F****ED!
DennyDucet 4 weeks ago 2
$5,000.00 GOLD BY 2020. Guaranteed. Of currencies the Dollar is just the lepper with the most fingers left.
DennyDucet 4 weeks ago
Peter will be proved right. He owns these clowns and called the crash. He has forgotten more about economics than all of those on CNBC know combined.
DennyDucet 4 weeks ago
Why is the host yelling
Bashri 4 weeks ago
@Bashri ignorant people shout down logic with red herrings.
DennyDucet 4 weeks ago
great, another one for the next "peter was right" videos :)
Staatsmacht12 4 weeks ago
That MFer talking over everything Peter says, well fuck him!
alistairproductions 4 weeks ago
Notice how the host never interrupted the other guy while he spoke while constantly interrupting Peter? It's due to two factors: (1) They and their buddies on Wall Street need more suckers, so they must be positive on the economy and U.S. stocks (2) They are ideologically predisposed (brainwashed) to think the government's/Federal Reserve's measures are working. The CNBC hosts are mostly Keynesians in other words.
The debt is growing far faster than the government's phony GDP numbers.
joepeeler34 4 weeks ago
If there's one thing the status quo hates, it's being told they're wrong-- and this interview clearly demonstrated that.
ghostKurt 4 weeks ago
italy, greece, spain, portugal. just a matter of time. USA is almost exponentially gathering more debt... a bubbelcollaps must follow.
MrEdwinauer 4 weeks ago
Italy is next. Don't let that looser distract by speaking france. 7.1 yeild is the breaking point on he 10 year and so many problems make it a sure bet. Italy was 100% dependant on oil from lybia, thats why Italy was exempt from the sanctions we forced all our partners to follow starting monday, though we will not enforce till july. Stupid move by Obama because now Iran is saying "we instead, will not trade with you starting very soon" as they are finding other buyers. By by Italy bonds sooner.
dontaskmewhatithink 4 weeks ago
Wow, this guy needs to let the guests answer the questions.
MikeSears100 4 weeks ago
they got the press... i mean the printing press not the media. freudian slip there buddy?
norskemann1 4 weeks ago
they got the media too , pressX2
Mcleod0000 4 weeks ago 3
Peter I've got a new strategy to use on these suppossed economists who criticize youre views. Instead of trying to convert them just say, "you know what, you're right. I predicted the financial crisis, but hey what do I know."
MandragGanon 4 weeks ago
i feel your pain Peter. they never listen to the ones with a clue. thank u 4 your vision and honesty.
GozonTheGonsarian 4 weeks ago 34
Ron Paul 2012 ~
Forshman 4 weeks ago 2
That host is an idiot. He should stop interrupting Peter and just listen.
IslandStyle123 4 weeks ago 54
@IslandStyle123 Very annoying indeed when they just start talking over guests. Didn't these people learn any courtesy rules? I wonder where they get these morons anyway.
TWSceptic 4 weeks ago
@IslandStyle123
Yeah, he might finally learn something. Time after time Peter has to school these idiots!
dmger14 4 weeks ago
@IslandStyle123 There is a difference in between being an idiot and playing a ROLE! Remember who they are and their mechanisms of control!
alissondjean 4 weeks ago
@IslandStyle123 Ya. I don't understand why these shows are always in such a hurry? It's always, hurry up, gotta' go. Why not have fewer guests and actually let the guests talk? I like Jon Stewart's format. He has 1 guest per show.
doug575 4 weeks ago
@IslandStyle123
The elites that own the host have their hand so far up his ass, they can work his mouth like a sock puppet. He knows jack shit about economics. He's a talking head.
DowellForPASenate 4 weeks ago
Comment removed
cunnidvd 4 weeks ago
ZERO...st
wesleytarbuck 4 weeks ago
first!
ORGDNR 4 weeks ago
@ORGDNR
last to get laid
helltrackrider 4 weeks ago