It's so funny that guy blamed the free market for the Great Depression! LOL!!! The Federal Reserve was created in 1913, that is central economic planning, not free markets. What audacious propaganda. I can't believe Schiff didn't correct him.
Since 2002 measured in silver, the Dow has crashed 65%. Thx Mr. Bernake. Nice job..and you graduated from Priceton?! Didn't learn much did you? I'd ask for a refund if I were you.
Um the market didn't create the depression, it was the Fed who constricted cash after the government tried doing what its doing today lowing interest rates and interfering in the economy.
Agreed. I don't think Norman has ever read a history book in his entire life. Everything he knows, he learned from some other Wall Street shill at the water cooler.
I can't believe he actually blamed the free markets for the 1930s. I mean what about the Fed inflating the money supply in the 20s? What about the "New Deal" by Roosevelt? Those are the real reasons for the depression and have nothing to do with free market capitalism.
No he isn't, he is a realist who understands the US is not a true capitilist system, that laisez faire economics though preached by many on wall st in boom times is quickly forgotton when the stock markets jitters. He knows that the govt will bail out parts of the economy and will be proven right. Peter Schiff is right that govt should not interfere but unfortunately politicians will go against their beliefs to garner votes.
xdir: Your logic is totally flawed. Peter knows the politicians probably won't do what he says. But he's still right. On the other hand even if the politicians do what Norman says, it doesn't mean Norman was right, it just means they're all wrong. Norman doesn't just say "the politicians are going to do this and this", but he actually believes it's the right thing to do. That's why he's an idiot. And he doesn't even know what caused the Great Depression...
Anyone who thinks this country's economy can be classified as a "free" market needs to REMOVE THE VEIL and WAKE THE FUCK UP!!!
Alternate2GOP 2 years ago
Mike Norman is an idiot, and all those analysts/investors/economists along side with him.
yjfoo81 2 years ago
I second that.
Alternate2GOP 2 years ago
Its not a free market system you idoits... its controlled...
punjabisikhwarrior 3 years ago
the red head has great tits!
cycosteve2006 3 years ago
It's so funny that guy blamed the free market for the Great Depression! LOL!!! The Federal Reserve was created in 1913, that is central economic planning, not free markets. What audacious propaganda. I can't believe Schiff didn't correct him.
JesseKantstopolis 3 years ago 2
Fox won't let him say but so much because he's telling it like it is and not spouting cliched platitudes.
pretorious700 3 years ago
What a surprise, another video which is truly informative loading slowly/playing badly.
You would almost think their was a CONSPIRACY wouldnt you.
Keep telling it as it is, GO PETER SCHIFF.
NowisEvollovetion 3 years ago
Central planning (FED) = cummunism
DOLLARCRASH1984 3 years ago 3
Norman = sellout idiot
imnos482 3 years ago 5
Since 2002 measured in silver, the Dow has crashed 65%. Thx Mr. Bernake. Nice job..and you graduated from Priceton?! Didn't learn much did you? I'd ask for a refund if I were you.
truthsabre7 3 years ago 2
wow there are more voices like Schiff on fox, interesting
jramir2 3 years ago 2
Mike Norman is a hypnotized idiot.
2resist 3 years ago 4
Anyone care for a Beanie Baby?
Shevlane 3 years ago 3
Um the market didn't create the depression, it was the Fed who constricted cash after the government tried doing what its doing today lowing interest rates and interfering in the economy.
Rustyshackleford08 3 years ago 4
did he say: "dude its a delecate balance" at 00:35
fansanx 3 years ago
Mike Norman is an idiot
rbbo08 3 years ago 11
Agreed. I don't think Norman has ever read a history book in his entire life. Everything he knows, he learned from some other Wall Street shill at the water cooler.
sonofaglitch2 3 years ago 6
I can't believe he actually blamed the free markets for the 1930s. I mean what about the Fed inflating the money supply in the 20s? What about the "New Deal" by Roosevelt? Those are the real reasons for the depression and have nothing to do with free market capitalism.
Xasew 3 years ago 5
Sadly, Norman says this about every other week.
nhojsenoj 3 years ago
No he isn't, he is a realist who understands the US is not a true capitilist system, that laisez faire economics though preached by many on wall st in boom times is quickly forgotton when the stock markets jitters. He knows that the govt will bail out parts of the economy and will be proven right. Peter Schiff is right that govt should not interfere but unfortunately politicians will go against their beliefs to garner votes.
xdir 3 years ago
xdir: Your logic is totally flawed. Peter knows the politicians probably won't do what he says. But he's still right. On the other hand even if the politicians do what Norman says, it doesn't mean Norman was right, it just means they're all wrong. Norman doesn't just say "the politicians are going to do this and this", but he actually believes it's the right thing to do. That's why he's an idiot. And he doesn't even know what caused the Great Depression...
Xasew 3 years ago 2
Mike Norman is there to play the fool. Peter, if you do happen to read this, know that we are not falling for Norman's crap.
Tasadaru 3 years ago 3
I am Peter Schiff.
DOLLARCRASH1984 3 years ago 2