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inflation??? $ running at real low but still indecators show we could be heading for deflation. dont u see its all happening cause of extreme lequidation of everything. imagine what could have happened if banks and institutions would have had gone bankrupt in first place!!! We need stimulus in short run and bailout was complete necessary. Take a look at Sweden and learn. Ofcouse there is no room to make mistakes this time, like the ones Greenspan did in this mid decade.
The debt is not the disease, it is one of the symptoms of the disease. The disease is greed and corruption which are the two principle points of definition of Capitalism.
I wish I could disagree with this guy because he's right and he's part of the problem. In the end he wants no regulation which is a major defense against the disease of Capitalism.
Schiff fails to recognize that there is a gold bubble at this point. When it bursts, I wonder if all these budding Austrian economists will blame the government for the drop in the value of their gold.
@shalcall So only 1% of ETF or paper gold is backed by physical, people assume it's 100%. Countries continue to print money by the boatload and you think we are in a gold bubble?
I'll gladly buy all that worthless gold off of you.
@sirellyn It's precisely because of those Gold ETFs that there is a speculative bubble (not to mention fear mongering by Beck and Schiff and others). There is also healthy futures trading on Gold. When people fly from the Euro and buy up U.S. greenbacks, I'm going to laugh at the idiots that sunk half of their portfolio in overpriced gold.
@shalcall I suppose its based on the term you are buying and selling it. If I was a day trader or selling it weekly or monthly that may be correct. Although if I'm holding it for years before selling particularly 5-10 years, it is set to perform extremely well.
@MOPEDBRAD Think of the housing market and collaterized mortgage debt obligations. In the end they were backed by nothing (but bad debt). Do you think that houses were underpriced?
Speculation on gold, in whatever form, drives up the price of gold.
People are still so ignorant that they don't even care about how the world around them changing so fast and how their own rights and freedom are moving away from them. Keep it up people. Don't do anything and keep on accepting every aimless and thoughtless law the U.S. government is introducing.
Until morons like Barney Frank are sent home, and instead of destroying the USA is at home growing turnips this will never end. The government preventing people from moving their money off shore should scare the hell out everybody. These guys know whats coming down the pike and its not a recovery.
@BrettDunbar Yes. Other regions of the world will improve while the American economy shrinks due to a smaller work force. Watch my video"The Next Big Crisis" Part 2 to see how globalization will cost the USA jobs via the interet and telephone outsourcing of jobs, H1B visas, the moving of manufacturing facilities overseas and a shrinking workforce due to the birth rare declines of the past 50 years.
@LeeRyan2930 it is because of fear, but that is the nature of the stock market. As for gold, every single time WITHOUT fail when it goes up real high it plummets $250-$400 rathey quickly.
Now compare its rise with that of the dollar, they rarely ever go up as much as they have at the same time because the dollar is not on the gold standard. With the U.S economy showning increases in all sectors, the dollar is the stronger of the 2.
@DontMeanWell This species of moral zombies do not need any sleep, only the satisfaction of the knowledge that they are screwing your and your children's future.
What I don't understand - how's Obama not a Socialist? Think about it - he frequently advocates an egalitarian distribution of wealth, EXCEPT with his $5.8 million/year salary. I think that's BS, if someone like Bill Gates creates gives us Microsoft and improves all of society I think he should keep it.
@MrSteve125 Legislation not become law yet. BTW... You show where Mr. Schiff is in error in his summation the American citizen is hobbled in moving assets offshore. Mr Schiff is correct. FFRA over regulated act makes no real attempt still no transparency of the fed to monetize debt. [Nouriel Roubini described the "Volcker Rule" as insufficient and "essentially Glass-Steagall-Lite.] You seem a proponent of hollow shell securities which is against the law "pump & dump" anyone?
No one is fleeing the Euro for Gold, The Euro has been dropping for over a month and gold isnt far from what it was a month ago, the DOLLAR however is MUCH HIGHER because people are fleeing to the DOLLAR.
I DONT CARE what you say Schiff, Warren Buffett himself said it, The dollar is the strongest monitary unit on the planet and the financial regs are great with the exception of leaving out FNM & FRE.
@justgetsome your intelligence is astounding, you must make millions a year with that blazing intellect. I dont see how anyone could not be willing to give you massive amounts of money with the way you use the english language to convince people to believe what you are saying...it was truly an honor debating this topic with you, I am enriched sir.
I like Schiff's videos,however I would like to see the backdrop and the theme in them match the american setting better. for example, it would be cool if he could do the next one from an underground bunker. just joking (it would be funny though . . .)
Technically, the US can pass 'no' legislation that is binding upon a foreign citizen, or company, unless that person is doing business 'in' the US. A US citizen doing business with a foreign company does not jeopardize that company at all. Likely there is wording in the law that will hold the US citizen accountable for such activity, not the company. The firm Peter is talking about likely contacted him as a courtesy to their clients, to keep 'them' out of trouble.
@MrSteve125 The Dodd Bill Would Codify the Volcker Rule and Prohibit Many Types of Proprietary Trading by Banks and Their Affiliates: "...Proprietary trading by a foreign company that occurs solely outside of the United States, UNLESS THE COMPANY IS CONTROLLED BY A U.S. FIRM, also would be explicitly excepted from the prohibition."
Unforunately, the average meatball American is too dumb to even begin to understand what Peter is talking about. He looks, acts, and talks "too smart;" which dooms any chance of him getting elected. There is nothing "90210" or "American Idol" about this guy. To the average voter - even well intentioned ones, he's a non-entity. But boy would I like to see him in the Senate! Takin' apart those crooks...that would be something to see. He is nobody's Patsy.
Peter, don't forget that we have a new law that if we move any money out of the states we'll get taxed HARD. Also another step in restricting us from protecting ourselves from getting bled by the fed every few years.
peter do you really think that chinese people can buy theire goods with out change of price production of goods ? I dont think so, so they will borrow $ usa more and more money... and your idea of end of us economy is wrong
@roymakkaypl There are plenty of consumers in China with plenty of demand. They don't have to ship there goods and credit over to us. They're not borrowing dollars, they're lending to us. We're in DEBT to them.
"Senate Passes Massive Financial Regulation Bill" was the headline on Fox
can they do any more damage to our economy?
I would never have thought Democrats could run so far on "Class Warfare", they attribute the economic troubles of our economy to Wall Street and no blame on Barnie Frank and Christopher Dodd, Fannie Mae lending practices and out of control spending. "Will it ever stop? Yo, I don't know!" Vanilla Ice-Ice Ice Baby plays loudly in the background. (Groan)heads hangs low..
Step out of the box for a second and look at the world in toto , they global bankers will make all currencies shakey so they can try and introduce their Global SDR's you have to stress our national soverignty and we need to end the FED and have congress create a new american dollar based on what congress does instead of what the big banks do.
I agree with most of Peter Schiff's economic analysis but I think that Europe is worse off than the US. There is no Tea Party movement here in Europe :(
sounds like the great depression type stuff. Slowly but surely you cant spend your money on what you want. Taking the power away from you. Great depression number 2!
"The legislation would establish a consumer financial protection regulatory agency that could write new rules to protect consumers from unfair or abusive mortgages and credit cards."
I agree that Americans are getting raped by these crappy mortgages and credit cards but like Peter said it's not whole heartedly the entire problem.
@ChristopherWalkenPUA Do it while its low man! It dropped about $60 dollars once it came back from all the Euro hype. But either way I'm in it for the long haul because I'm fairly confident the dollar and or other currencies are going to get spanked in the next 5 years and Peter knows it as well.
@seamaverick1 Oh I'm already aware of the crap hitting the fan man. The mortgage melt down is spurring up for another batch of resets and various countries, states, or cities are already filing for bankruptcy. Amazing how the system is collapsing in on itself so quickly.
@linwooddeaton I'm not exactly sure what you mean. A lot of people are aware of the problem but are doing nothing in congress about it. They easily get reports from the US Treasury and other financial institutions about the dire situation we are in but do nothing about it. Because nobody gets reelected when they don't tell the public they cant have what they want.
If you are talking about the general public they are all to busy just getting by and don't have time for all financial maze madness.
The end of this reminds me of East Germany building a wall to keep people from leaving. Instead, the United States is making a barrier to make sure the money and resources don't go oveseas, so they have access to it.
I'm glad I re-subscribed to you, Schiff. This is fucked up. I'm hoping that with Rand Paul, you, and Tomb Campbell in the Senate, along with the Man himself in Congress and numerous other liberty candidates, we can get the ball rolling on taking back our freedoms. We have already lost too many and need to turn the tide.
Slowly and easily pulling us all, as a world, into a situation where we will more and more rely and feel entitled to government assistance. We must no longer accept this. We must become fully sustainable again. We must all focus our energy towards survival and taking care of our neighbors in crisis.
peter doesn't that continental client rule ensure that money managers will for the most part trade during daytime market hours of the given country? it creates a separation of sorts which allows value to shift between currencies and markets. the alternative would be having a wide open, global 24/7 cess pool of trading.
Interesting. The thumbs up number seems to be stuck at 300 and it didn't move when I clicked it. You tube tricks again.
Yes it looks like our republic is closing down. It's going to be up to each of us to protect our assets as best we can. Right now all my money goes to paying off my home. By September I should be done with it and then I'll be debt free. Owning your home outright is one of the best forms of financial security you can have.
It's also a working class condo so I pay less tax.
Peter: please review the BILL for us in more detail. What are they saying there about currency exchange, forwards, foreign broker futures for US citizens? What are the implications of not complying by foreign securities firms? Will they shut down their US branches? Maybe US citizens will have no problems with non G-20, non US branch dealers? What do you think?
Developed nations currencies...the junk instrument of the decade...you didn't mention the government artificial inflated property values Peter, very problematic to the nations problems...The brokerage prohibitions you discussed seem very much like what tariffs are used for...My guess is the first major tax on the future trapped American will be 401k's and traditional IRA's...they probably won't attack the ROTH until they can figure out how to usurp the tax regulations on double taxation...
Peter, when your compliance department has had time to review the Wall St. Reform Bill, please break it down for us. The MSM won't report on the specifics of the bill, what will actually change, and how it is any different than FDR's New Deal reform. They just talk about who said what about the bill and how Obama says it's a warning to Wall St. so it's just propaganda. Basically, it's a consolidation of the financial economy for the oligarchy which will enable a central command control economy.
@fiatalfa1 It gets worse, they had Vinny Forras being interviewed by Imus on Fox and Vinny actually had the gull to call Peter Schiff a "one trick pony". Screw you, Vinny.
@arbitrage Yeah right. Hope in one hand and sh*t in the other and see which one fills up faster. Go pray to your shrine of Barry Obama and stop dumbing down the youtube community.
@arbitrage Yeah right. Hope in one hand and sh*t in the other and see which one fills up faster. Go pray to your shrine of Barry Obama and stop dumbing down the youtube community.
Yo peter I bought your book off barnes and noble website. Cant wait for it to arrive. It has some insanely good reviews for an illustration book, although that's probably why it has such good reviews lol.
Considering that all fiat currencies are in crisis with no hope in sight, I don't understand this game of "strength" in one over another. Its a con. We are seeing the largest transfer of wealth in known history. The only safe bet is precious metals as a store of wealth until we have some sort of currency bubble reset. Every dollar printed, devalues the existing currency in circulation, which in turn raises the prices of all goods. The presses haven't stop yet, you guess where this is going.
The truth is that the corruption on Wall Street is much deeper and much more systemic than most of us ever dared to imagine. As the general public digests these recent scandals, it is going to result in a tremendous loss of faith in the U.S. financial system.
Ok, I feel sick now--they are closing the escape routes.... And Scott Brown voted for this garbage? Our options--foreign property and foreign residency/citizenship. Oh yes, November 2010..... the last chance.
can anyone tell me where i can find the new regulation where i can read that it says people cannot go to an foreign investment firm. i want to find it, read it, then share it with everyone....
We can't vote the Fed out! "Voting" is not going to solve the war we are witnessing develop. We are under attack. Decisions are being made to use the dollar as a weapon. Governments and banks and dear God knows who? are using us as pawns. This is a war where the outcome has already been decided and it is based on control....on currency manipulation. I hope to God the fight is not for oil.
the gov. will collaps riots will happen,second civil war is near. america will fall into disrepair and the socialist poor dependant on public welfair will fight to get the freebies back and the self seficiant will call for a no entitlement gov. And the country will split. not unlike our civil war of 1800s. when will citizens wake up to the fact that big gov. only cares about big gov. people are sheeple needed to feed the political machine, NOTHING MORE!
Peter- Many people don't grasp the "concept" of exponential debt. I didn't until I did research. If you explained how the system needs debt to continue it might help. It certainly helped me. Since we are not taught economics as children and grow up with the "norm" as debt and consumption, and paying debt with debt. We don't get the economic principle of debt...that can't be changed.
These people at the Federal Reserve are criminals. It is so obvious the government and bankers are corrupt. The system is horrid. The fed is giving the banks loans at 0%, then they are being paid taxpayers money at 3% to engage in whatever horror or atrocity they wish to corrupt governments, etc. This is a travesty of justice. WHO IS BEHIND THIS? It is a fight among countries for control.
Dayum, even Bush said he wanted to reign in Fannie and Freddy, not that I find him terribly credible, but even he at least paid lip service to it. Never underestimate the stupidity of the government!
Question: is this new control part of the capital controls Peter already outlined in a video around a month ago?
Yes very interesting. Usually gold keys off whatever currency is being used as the world reserver currency. But just over a week ago gold seemed to become uncoupled from the U.S. Dollar. I have no idea why gold would be closely pinned to the Euro. The Euro is a doomed currency and so is the U.S. Dollar. Whatever though, it presents a great buying opportunity for gold and silver investors. No, we will not recover. There is no recovery.
America right now, the government owns the automobile industry, the insurance industry, the mortgage industry and the banking industry. The government suddenly owns huge parts of the American economy.
It's called fascisim. The American people have no idea what is going on. They do know who is winning American Idol or Celebrity APPRENTICE. So sad. Honest Abe would be screaming in the streeets.
i'm 22 years old and have just started saving. i don't have enough money to invest in gold. i'm scared i will just lose everything and there's nothing i can do about it.
Thank U for Great Video
FreeSTOCKnolossROBOT 8 months ago
I would hate on his arrogance, but he is completely right on everything.
finarrykahn13 10 months ago
@finarrykahn13 I do not see arrogance, I see confidence.
TWSceptic 2 months ago
Great video man
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Steventk26 1 year ago
inflation??? $ running at real low but still indecators show we could be heading for deflation. dont u see its all happening cause of extreme lequidation of everything. imagine what could have happened if banks and institutions would have had gone bankrupt in first place!!! We need stimulus in short run and bailout was complete necessary. Take a look at Sweden and learn. Ofcouse there is no room to make mistakes this time, like the ones Greenspan did in this mid decade.
roman333universal 1 year ago
@roman333universal I see you are brainwashed quite severely by US politics and central bank.
TWSceptic 2 months ago
You are such a Smart Man that us Americans, are way to Stupid to vote for a Man with such talents.
fpinon5150 1 year ago
nice office
TheFreemanuk 1 year ago
"The best way to revitalize the economy is war" - George W. Bush
AtlasShruggery 1 year ago
they say now that dollar is going to be on the rise for over decade
drinkinwithbob 1 year ago
Same here, I call Schiff the the reincarnation of Christ, LOL!
MrSilverovergold 1 year ago
The debt is not the disease, it is one of the symptoms of the disease. The disease is greed and corruption which are the two principle points of definition of Capitalism.
I wish I could disagree with this guy because he's right and he's part of the problem. In the end he wants no regulation which is a major defense against the disease of Capitalism.
agitcam 1 year ago
Put this video in the vault for future generations. I like to re watch this video in five years and see if it comes true. Great one Peter
Yereviltwin2 1 year ago
Schiff fails to recognize that there is a gold bubble at this point. When it bursts, I wonder if all these budding Austrian economists will blame the government for the drop in the value of their gold.
shalcall 1 year ago
@shalcall So only 1% of ETF or paper gold is backed by physical, people assume it's 100%. Countries continue to print money by the boatload and you think we are in a gold bubble?
I'll gladly buy all that worthless gold off of you.
sirellyn 1 year ago
@sirellyn It's precisely because of those Gold ETFs that there is a speculative bubble (not to mention fear mongering by Beck and Schiff and others). There is also healthy futures trading on Gold. When people fly from the Euro and buy up U.S. greenbacks, I'm going to laugh at the idiots that sunk half of their portfolio in overpriced gold.
shalcall 1 year ago
@shalcall I suppose its based on the term you are buying and selling it. If I was a day trader or selling it weekly or monthly that may be correct. Although if I'm holding it for years before selling particularly 5-10 years, it is set to perform extremely well.
sirellyn 1 year ago
@shalcall If the problem is gold ETFs not being physically backed by gold, wouldn't that make it underpriced?
MOPEDBRAD 1 year ago
@MOPEDBRAD Think of the housing market and collaterized mortgage debt obligations. In the end they were backed by nothing (but bad debt). Do you think that houses were underpriced?
Speculation on gold, in whatever form, drives up the price of gold.
shalcall 1 year ago
@shalcall Yes, but my point is that a vast majority of the non-physical gold people are buying doesn't actually exist.
That means that supply & demand are way out of whack.
As for housing, the market is still being held up by the government forcing freddie & fannie to hold all the properties that were defaulted on....
The bottom of the market is still a long way away
MOPEDBRAD 1 year ago
People are still so ignorant that they don't even care about how the world around them changing so fast and how their own rights and freedom are moving away from them. Keep it up people. Don't do anything and keep on accepting every aimless and thoughtless law the U.S. government is introducing.
riteshkhurana 1 year ago
I use icincome , com
icIncome 1 year ago
I say let it fail and let gold go to 15K per oz
Ubreako 1 year ago
things are looking bad =/ Although with rand paul's victory in Kentuky its looking at least a bit better
a4finger 1 year ago 4
Until morons like Barney Frank are sent home, and instead of destroying the USA is at home growing turnips this will never end. The government preventing people from moving their money off shore should scare the hell out everybody. These guys know whats coming down the pike and its not a recovery.
LAMOE2012 1 year ago 4
@MrSteve125 Oh...aren't we so pious.
jibbi4one 1 year ago
He asks "Why" this and that.... the answer is "raw naked power and force over you". Tyrants are addicted to it, even as it slowly kills the empire.
supajc 1 year ago
You can use a left and right wing approach accomplishing the exact same goal, named GLOBALISM.
commonsense2008 1 year ago
@commonsense2008
Actually global capitalism is a good idea and would bring the entire world out of poverty.
BrettDunbar 1 year ago
@BrettDunbar At your expense.
PragmaticStatistic 1 year ago
@PragmaticStatistic It actually would be the entire world out of poverty and people wouldn't have to rely on child labour and slave wages to survive.
Yes to global capitalism.
BrettDunbar 1 year ago
@BrettDunbar Yes. Other regions of the world will improve while the American economy shrinks due to a smaller work force. Watch my video"The Next Big Crisis" Part 2 to see how globalization will cost the USA jobs via the interet and telephone outsourcing of jobs, H1B visas, the moving of manufacturing facilities overseas and a shrinking workforce due to the birth rare declines of the past 50 years.
PragmaticStatistic 1 year ago
@SeattleBeaver LOL
Shocksink 1 year ago
@LeeRyan2930 it is because of fear, but that is the nature of the stock market. As for gold, every single time WITHOUT fail when it goes up real high it plummets $250-$400 rathey quickly.
Now compare its rise with that of the dollar, they rarely ever go up as much as they have at the same time because the dollar is not on the gold standard. With the U.S economy showning increases in all sectors, the dollar is the stronger of the 2.
rdrakken 1 year ago
how does Greenspan and Bernanke sleep at night?
DontMeanWell 1 year ago
@DontMeanWell This species of moral zombies do not need any sleep, only the satisfaction of the knowledge that they are screwing your and your children's future.
wreagfe 1 year ago
@DontMeanWell pillows filled with dollars.
Nakedseeker 1 year ago
Deflation is still a problem...print more money....
IWashMyOwnBrain 1 year ago
What I don't understand - how's Obama not a Socialist? Think about it - he frequently advocates an egalitarian distribution of wealth, EXCEPT with his $5.8 million/year salary. I think that's BS, if someone like Bill Gates creates gives us Microsoft and improves all of society I think he should keep it.
quuaa1 1 year ago
@MrSteve125 Legislation not become law yet. BTW... You show where Mr. Schiff is in error in his summation the American citizen is hobbled in moving assets offshore. Mr Schiff is correct. FFRA over regulated act makes no real attempt still no transparency of the fed to monetize debt. [Nouriel Roubini described the "Volcker Rule" as insufficient and "essentially Glass-Steagall-Lite.] You seem a proponent of hollow shell securities which is against the law "pump & dump" anyone?
jibbi4one 1 year ago
Hey its the Shillreport!
No one is fleeing the Euro for Gold, The Euro has been dropping for over a month and gold isnt far from what it was a month ago, the DOLLAR however is MUCH HIGHER because people are fleeing to the DOLLAR.
I DONT CARE what you say Schiff, Warren Buffett himself said it, The dollar is the strongest monitary unit on the planet and the financial regs are great with the exception of leaving out FNM & FRE.
rdrakken 1 year ago
@rdrakken ...you are an idiot.
justgetsome 1 year ago
@justgetsome Your refute was so blinding I cannot possibly think of a way to counter what you said.
You proved me wrong, you win the internet!
rdrakken 1 year ago
@rdrakken ...again, you are an idiot.
justgetsome 1 year ago
@justgetsome your intelligence is astounding, you must make millions a year with that blazing intellect. I dont see how anyone could not be willing to give you massive amounts of money with the way you use the english language to convince people to believe what you are saying...it was truly an honor debating this topic with you, I am enriched sir.
rdrakken 1 year ago
@rdrakken ..English is a proper noun and needs to be capitalized.
No, really, you are an idiot.
justgetsome 1 year ago
@rdrakken Go king dollar.....
IWashMyOwnBrain 1 year ago
silver is at a fantastic price right now btw. 17.67 spot
twistedbydsign99 1 year ago
@twistedbydsign99 it was better at $9....
IWashMyOwnBrain 1 year ago
Dumb Shifty, Gold is down again today on the 21st of May. Your prediction for Gold is in the crapper.
lizardgizard2002 1 year ago
@MrSteve125 Again, read PFIRA act in FRRA act.
jibbi4one 1 year ago
Excellent go Peter!!!
Intervene 1 year ago
I like Schiff's videos,however I would like to see the backdrop and the theme in them match the american setting better. for example, it would be cool if he could do the next one from an underground bunker. just joking (it would be funny though . . .)
val5214 1 year ago
Technically, the US can pass 'no' legislation that is binding upon a foreign citizen, or company, unless that person is doing business 'in' the US. A US citizen doing business with a foreign company does not jeopardize that company at all. Likely there is wording in the law that will hold the US citizen accountable for such activity, not the company. The firm Peter is talking about likely contacted him as a courtesy to their clients, to keep 'them' out of trouble.
Panpiper 1 year ago
@MrSteve125 The Dodd Bill Would Codify the Volcker Rule and Prohibit Many Types of Proprietary Trading by Banks and Their Affiliates: "...Proprietary trading by a foreign company that occurs solely outside of the United States, UNLESS THE COMPANY IS CONTROLLED BY A U.S. FIRM, also would be explicitly excepted from the prohibition."
jibbi4one 1 year ago
Unforunately, the average meatball American is too dumb to even begin to understand what Peter is talking about. He looks, acts, and talks "too smart;" which dooms any chance of him getting elected. There is nothing "90210" or "American Idol" about this guy. To the average voter - even well intentioned ones, he's a non-entity. But boy would I like to see him in the Senate! Takin' apart those crooks...that would be something to see. He is nobody's Patsy.
ellesstee 1 year ago
@ellesstee yeah but Peter spits out more truth in 1 minute than most politicians do in a career
MYAR15SaysImFree 1 year ago 3
i tried to tell people that the us is in worse shape than everybody else. I even posted several videos explaining this. Great video Peter I'm a fan.
pulsescan72 1 year ago
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So where is Lady Gaga singing, "...devalued money make the world-go-around till it collapses."
jibbi4one 1 year ago
Peter, don't forget that we have a new law that if we move any money out of the states we'll get taxed HARD. Also another step in restricting us from protecting ourselves from getting bled by the fed every few years.
pokermon919 1 year ago
@pokermon919 Taxing the hell out of people, rich or poor, is not going to fix the fiscal mess.
Melville10 1 year ago 2
@Melville10
what makes you think they want to fix anything? The bigger the mess the bigger the profits for the powerful elites standing on the receiving end.
pokermon919 1 year ago
Comment removed
jibbi4one 1 year ago
peter do you really think that chinese people can buy theire goods with out change of price production of goods ? I dont think so, so they will borrow $ usa more and more money... and your idea of end of us economy is wrong
roymakkaypl 1 year ago
@roymakkaypl There are plenty of consumers in China with plenty of demand. They don't have to ship there goods and credit over to us. They're not borrowing dollars, they're lending to us. We're in DEBT to them.
balexanderson1 1 year ago
@balexanderson1 I'm just glad it's not China that owes us money....lol
IWashMyOwnBrain 1 year ago
@MrSteve125 +1,
im curious to see where this is in black and white (or even grey)
jsdrftng 1 year ago
Great tie! WE are up mid day 21st. Another bailout underway i guess.
nambypamby34 1 year ago
Very insightful, thank you Peter.
DrLarsBorgFrolander 1 year ago
How can we saturate your messages to the masses? We are losing in the war of saving this great country.
missourijines 1 year ago
@RoyS80
zay haf vays of gettink vot zay vant !
BiggerThinking1 1 year ago
This comment has received too many negative votes show
is this guy a total retard?
xxi777 1 year ago
Peter, I've learned so much since I've been listening to your reports. Thanks
wsarris424 1 year ago 14
It might be smart to put a link in the video description to your senare donation page in the video description.
toastmin 1 year ago
"Senate Passes Massive Financial Regulation Bill" was the headline on Fox
can they do any more damage to our economy?
I would never have thought Democrats could run so far on "Class Warfare", they attribute the economic troubles of our economy to Wall Street and no blame on Barnie Frank and Christopher Dodd, Fannie Mae lending practices and out of control spending. "Will it ever stop? Yo, I don't know!" Vanilla Ice-Ice Ice Baby plays loudly in the background. (Groan)heads hangs low..
PoorMansPlato 1 year ago 8
Step out of the box for a second and look at the world in toto , they global bankers will make all currencies shakey so they can try and introduce their Global SDR's you have to stress our national soverignty and we need to end the FED and have congress create a new american dollar based on what congress does instead of what the big banks do.
jhunted7667 1 year ago
The American Flag pen on your collar is really distracting. Too many people wore than pen as they wrecked our country for their own greed.
btigtime2 1 year ago
Cant bleed the bloodless.
ezze902 1 year ago
LOL - you just can't make this stuff up. Another great post!
cooperbry 1 year ago
thanks Peter. Good stuff as usual.
delatroy 1 year ago
I agree with most of Peter Schiff's economic analysis but I think that Europe is worse off than the US. There is no Tea Party movement here in Europe :(
ThorkilKowalski 1 year ago
@ThorkilKowalski
Well no, because we're not a super state....yet.
There's riots in greece and protests in other countries on the way our leaders are doing things. It's just not on a continental scale yet.
AleXGT7 1 year ago
sounds like the great depression type stuff. Slowly but surely you cant spend your money on what you want. Taking the power away from you. Great depression number 2!
ChrisXCXCX 1 year ago
"The legislation would establish a consumer financial protection regulatory agency that could write new rules to protect consumers from unfair or abusive mortgages and credit cards."
I agree that Americans are getting raped by these crappy mortgages and credit cards but like Peter said it's not whole heartedly the entire problem.
addiktion13 1 year ago
Yet another prediction from Peter comes to pass. We gotta get this guy to Washington!
iforgotization 1 year ago 3
@iforgotization Right On!
QWERTY34990 1 year ago
I am going to be buying quite a bit of silver soon then maybe some gold.
ChristopherWalkenPUA 1 year ago
@ChristopherWalkenPUA Do it while its low man! It dropped about $60 dollars once it came back from all the Euro hype. But either way I'm in it for the long haul because I'm fairly confident the dollar and or other currencies are going to get spanked in the next 5 years and Peter knows it as well.
addiktion13 1 year ago
@addiktion13 I think you are being rather conservative the shit is hitting the fan this year 2010, my humble opinion.
seamaverick1 1 year ago
@seamaverick1 Oh I'm already aware of the crap hitting the fan man. The mortgage melt down is spurring up for another batch of resets and various countries, states, or cities are already filing for bankruptcy. Amazing how the system is collapsing in on itself so quickly.
addiktion13 1 year ago
@addiktion13 Wouldn't be IF everyone had been paying attention.
linwooddeaton 1 year ago
@linwooddeaton I'm not exactly sure what you mean. A lot of people are aware of the problem but are doing nothing in congress about it. They easily get reports from the US Treasury and other financial institutions about the dire situation we are in but do nothing about it. Because nobody gets reelected when they don't tell the public they cant have what they want.
If you are talking about the general public they are all to busy just getting by and don't have time for all financial maze madness.
addiktion13 1 year ago
@ChristopherWalkenPUA Good idea, don't get caught with worthless dollars. Soon it will be better to have corn than dollars.
btigtime2 1 year ago
US government is out of control. Banking cabal has hijacked the country.
SvrchovaneCechy 1 year ago
Building walls did not help communism.
REOGURU 1 year ago 2
@REOGURU
it 'created employment' though! XD
DaveC86 1 year ago
what happened to wall street unspun? Theres no update on the europac website for the last 2 weeks?
4rcane 1 year ago
right on Peter !! keep hammering at them .
throwerofturds 1 year ago
Please support Peter Schiff for CT Senate....
-From a supporter in California
diazmilton 1 year ago 3
The end of this reminds me of East Germany building a wall to keep people from leaving. Instead, the United States is making a barrier to make sure the money and resources don't go oveseas, so they have access to it.
tonelove14 1 year ago
We need the American Silver eagles ASSAYED for content and purity. We cannot trust the Treasury Department.
SOMEONE DO A VIDEO!!!!!
TheLiberalssuckdick 1 year ago
I'm glad I re-subscribed to you, Schiff. This is fucked up. I'm hoping that with Rand Paul, you, and Tomb Campbell in the Senate, along with the Man himself in Congress and numerous other liberty candidates, we can get the ball rolling on taking back our freedoms. We have already lost too many and need to turn the tide.
ShdwftheSuN 1 year ago 3
@ShdwftheSuN why the hell would you un-subscribe?
kyjpg 1 year ago
@kyjpg I didn't. My account got suspended for violating copyright, and after creating a new one I only recently got around to subscribing again =/
ShdwftheSuN 1 year ago
in Chavez's Venezuela, the maximum amount of money you can take out of the country in a year is around $5,000.
gilrocam 1 year ago
@gilrocam That's interesting to know.
tonelove14 1 year ago
Statism stinks...
WhereDidItAllGo7 1 year ago 2
Just wait till the gov't send troops to our homes to pick up the gold.
HG2013 1 year ago
Peter, someday soon the Govt. is going to confiscate/socialize your business. Especially the Gold at the Perth. Watch out.
helpendthefed 1 year ago
Slowly and easily pulling us all, as a world, into a situation where we will more and more rely and feel entitled to government assistance. We must no longer accept this. We must become fully sustainable again. We must all focus our energy towards survival and taking care of our neighbors in crisis.
GuidofromOtsego 1 year ago 6
I hope he gets elected whether you agree with him or not. A fresh voice.
CharlieMoher 1 year ago 4
It is all part of the one world government, one world SDR currency plan.
ibislee 1 year ago 3
because cash is trash and gold is money
eciii316 1 year ago 3
This is a question for peter or anyone else that knows the answer. Instead of buying Gold, would buying Chinese currency protect me from inflation?
kyjpg 1 year ago 2
peter doesn't that continental client rule ensure that money managers will for the most part trade during daytime market hours of the given country? it creates a separation of sorts which allows value to shift between currencies and markets. the alternative would be having a wide open, global 24/7 cess pool of trading.
lvecsey 1 year ago
Interesting. The thumbs up number seems to be stuck at 300 and it didn't move when I clicked it. You tube tricks again.
Yes it looks like our republic is closing down. It's going to be up to each of us to protect our assets as best we can. Right now all my money goes to paying off my home. By September I should be done with it and then I'll be debt free. Owning your home outright is one of the best forms of financial security you can have.
It's also a working class condo so I pay less tax.
vention4wh 1 year ago
The only safe place seems to be a hole in the back yard. Geesh!
sabrinacle 1 year ago
Peter: please review the BILL for us in more detail. What are they saying there about currency exchange, forwards, foreign broker futures for US citizens? What are the implications of not complying by foreign securities firms? Will they shut down their US branches? Maybe US citizens will have no problems with non G-20, non US branch dealers? What do you think?
BlueSkies360 1 year ago
Developed nations currencies...the junk instrument of the decade...you didn't mention the government artificial inflated property values Peter, very problematic to the nations problems...The brokerage prohibitions you discussed seem very much like what tariffs are used for...My guess is the first major tax on the future trapped American will be 401k's and traditional IRA's...they probably won't attack the ROTH until they can figure out how to usurp the tax regulations on double taxation...
imataxslave 1 year ago
whats you play on gold/silver mining stocks? sell now and buy back in when the market bottoms out?
njThaze 1 year ago
@njThaze investors dont sell good stocks because of prices
ricochetVendetta 1 year ago
@Vid
I wish you'd give us some good news for once.... or maybe twice.
I'm somewhat depressed now.
MRSketch09 1 year ago
@MRSketch09
Just keep learning and preparing. You'll be one of those people go to in the near future.
Envisionism 1 year ago
thanks Peter for having the courage to speak the truth and enlighten others.
lindabebe835 1 year ago 6
The economy is so bad I am back teaching.
Truthpolice9698 1 year ago
I don't get it. The rule says a foreign brokerage can't accept new U.S. customers. How does this make it illegal to keep existing clients?
furyofbongos 1 year ago
Peter, when your compliance department has had time to review the Wall St. Reform Bill, please break it down for us. The MSM won't report on the specifics of the bill, what will actually change, and how it is any different than FDR's New Deal reform. They just talk about who said what about the bill and how Obama says it's a warning to Wall St. so it's just propaganda. Basically, it's a consolidation of the financial economy for the oligarchy which will enable a central command control economy.
harveybirdmannequin 1 year ago 4
ping
bowtie728 1 year ago
That was more depressing than usual lol
underdg22 1 year ago
Hannity just gave Linda wrestleMcmania 10 minutes. She mentioned her competition this weekened..rob Simmons. Not a word about Peter. Typical.
fiatalfa1 1 year ago
@fiatalfa1 It gets worse, they had Vinny Forras being interviewed by Imus on Fox and Vinny actually had the gull to call Peter Schiff a "one trick pony". Screw you, Vinny.
Talodus 1 year ago 3
That means the "Fed" wants access to your money. They can deny access to your funds held here.
plalelal 1 year ago
I love the way you end your videos
bhamel2000 1 year ago 2
It's going in Gold to China, because Greenspan made a CONCIOUS decicion to pay off a banker 12 years ago. Then kept rates low and exploded the debt.
Google "The Greenspan Put".
And now the Chinese have had enough! It's about oil.
Allisa4757 1 year ago
Ya whats the name of the Bill that was passed? And who voted on it?
alaskablows 1 year ago
Wait until they start coming after the 401k's........Everyone will be working for the government.
dgmoocher 1 year ago
This has been flagged as spam show
@arbitrage Yeah right. Hope in one hand and sh*t in the other and see which one fills up faster. Go pray to your shrine of Barry Obama and stop dumbing down the youtube community.
droogie76 1 year ago 2
@arbitrage Yeah right. Hope in one hand and sh*t in the other and see which one fills up faster. Go pray to your shrine of Barry Obama and stop dumbing down the youtube community.
droogie76 1 year ago 2
It's called slavery, Mr. Schiff..........we will all be slaves soon.
Downfacingdog 1 year ago
Yo peter I bought your book off barnes and noble website. Cant wait for it to arrive. It has some insanely good reviews for an illustration book, although that's probably why it has such good reviews lol.
qualm43 1 year ago
Considering that all fiat currencies are in crisis with no hope in sight, I don't understand this game of "strength" in one over another. Its a con. We are seeing the largest transfer of wealth in known history. The only safe bet is precious metals as a store of wealth until we have some sort of currency bubble reset. Every dollar printed, devalues the existing currency in circulation, which in turn raises the prices of all goods. The presses haven't stop yet, you guess where this is going.
malus911 1 year ago
Spot on Schiff. The exchange control is a set of hand cufs.
antisharia 1 year ago
@arbitrage why do you troll his page if you dislike schiff so much?
robrigo80 1 year ago 2
The truth is that the corruption on Wall Street is much deeper and much more systemic than most of us ever dared to imagine. As the general public digests these recent scandals, it is going to result in a tremendous loss of faith in the U.S. financial system.
selec21 1 year ago
Ok, I feel sick now--they are closing the escape routes.... And Scott Brown voted for this garbage? Our options--foreign property and foreign residency/citizenship. Oh yes, November 2010..... the last chance.
BlueSkies360 1 year ago
can anyone tell me where i can find the new regulation where i can read that it says people cannot go to an foreign investment firm. i want to find it, read it, then share it with everyone....
ClBball 1 year ago
@ClBball I want to know that too.
BlueSkies360 1 year ago
We can't vote the Fed out! "Voting" is not going to solve the war we are witnessing develop. We are under attack. Decisions are being made to use the dollar as a weapon. Governments and banks and dear God knows who? are using us as pawns. This is a war where the outcome has already been decided and it is based on control....on currency manipulation. I hope to God the fight is not for oil.
Allisa4757 1 year ago
the gov. will collaps riots will happen,second civil war is near. america will fall into disrepair and the socialist poor dependant on public welfair will fight to get the freebies back and the self seficiant will call for a no entitlement gov. And the country will split. not unlike our civil war of 1800s. when will citizens wake up to the fact that big gov. only cares about big gov. people are sheeple needed to feed the political machine, NOTHING MORE!
johnywinslow 1 year ago 3
Peter- Many people don't grasp the "concept" of exponential debt. I didn't until I did research. If you explained how the system needs debt to continue it might help. It certainly helped me. Since we are not taught economics as children and grow up with the "norm" as debt and consumption, and paying debt with debt. We don't get the economic principle of debt...that can't be changed.
Allisa4757 1 year ago
Vote them all out!!!
Vote them all out!!!
bseven54 1 year ago 2
Let the capital controls begin.
Dyhalto10 1 year ago
SPOT ON!
mrdoonbeg 1 year ago
I think the slogan needs to be changed from "Schiff was Right" to "Schiff was, and still is Right". Brilliant work!
doctorjn 1 year ago 6
These people at the Federal Reserve are criminals. It is so obvious the government and bankers are corrupt. The system is horrid. The fed is giving the banks loans at 0%, then they are being paid taxpayers money at 3% to engage in whatever horror or atrocity they wish to corrupt governments, etc. This is a travesty of justice. WHO IS BEHIND THIS? It is a fight among countries for control.
Allisa4757 1 year ago 4
I'm only 18. I don't got a job. I don't have more money for a gun :/
MirageScience 1 year ago
Dayum, even Bush said he wanted to reign in Fannie and Freddy, not that I find him terribly credible, but even he at least paid lip service to it. Never underestimate the stupidity of the government!
Question: is this new control part of the capital controls Peter already outlined in a video around a month ago?
GuardofLiberty 1 year ago
@kikrlbs ty for your opinion. I guess I can only hope people see its scarcity. I'm spending 2200$ on silver coins today. Screw the certificates.
MirageScience 1 year ago
Yes very interesting. Usually gold keys off whatever currency is being used as the world reserver currency. But just over a week ago gold seemed to become uncoupled from the U.S. Dollar. I have no idea why gold would be closely pinned to the Euro. The Euro is a doomed currency and so is the U.S. Dollar. Whatever though, it presents a great buying opportunity for gold and silver investors. No, we will not recover. There is no recovery.
clearasvodka 1 year ago
Actually, we aren't doing anything about the FDA either.
MovieTribute 1 year ago
Greaaat video Peter!!!!! Very informative
hermbilliamherm18 1 year ago 2
That goes against free market rules.
America right now, the government owns the automobile industry, the insurance industry, the mortgage industry and the banking industry. The government suddenly owns huge parts of the American economy.
Socialists ...
cavalucho 1 year ago 3
@cavalucho
It's called fascisim. The American people have no idea what is going on. They do know who is winning American Idol or Celebrity APPRENTICE. So sad. Honest Abe would be screaming in the streeets.
plalelal 1 year ago
You can't do business with a foreign brokerage firm anymore? that is ridiculous! First time I have heard this mentioned anywhere.
smersh007 1 year ago
i'm 22 years old and have just started saving. i don't have enough money to invest in gold. i'm scared i will just lose everything and there's nothing i can do about it.
imgdumpprep 1 year ago
@imgdumpprep get silver and learn survival techniques
MirageScience 1 year ago