The Dollar is accepted everywhere in the US as a medium of exchange, Gold is not. therefore gold is not money, it is just a commodity. Using your prior incorrect theory, as the price of gold goes down, the value of the dollar goes up. Your twisted economic theory only proves that if the Dollar goes up in value, then inflation is reducing.
The amount of money you make is up to you, if you work hard at it you can make $2,000 per day, if you want to do it part time for an hour per day you can easily make $200 per day. It's much easier to do than you think and if you'd like to see what this is all about. Come over to my website “Gold Trading Academy” and I'll show you.
Anybody who says that inflation is good, and that higher prices is good don't know the basic principle of economics. The basic principle of a any economy is to "economize." To economize is to create things cheaper, less use of physical labor to make thing easier, even safer. Ask a engineer what a goal of a engineer is. The engineer will tell you the goal is to make things lighter, cheaper, even safer, and easier. Making things difficult, very heavy, expensive is easy to do.
PS, I don't make 7 figures but I do make 6 figures. How much do you make at Mc Donnalds? Have you made any money in gold? I didn't think so. The only investing i will be doing in gold is short selling it.
@Somadidonteven Gold is a horrible investment. Peter is NOT a scholar he is a broker, gold dealer, and giant douche bag . He has bought a ton of gold and now he wants all the lemmings to following into the ocean. A lot of people are going to loose their money listening to him.
Folks, If you really believe the incompetent morons running our government will solve the debt, deficit and unfunded liabilities (SS, medicare, medicaid, prescriptions, pensions, etc.) of over 100 trillions dollars you aren't paying attention. Their only way out is to print more dollars and inflate their way out. The dollar will be come worthless. WTFU!
Peter just admit you were wrong about hyperinflation and gold. Your back peddling in this video. Just come out and admit it. The market has proven you wrong. There is very little inflation. The gold bubble is bursting. Hedge funds all over are selling gold. They are much smarted than you I guess.
If I was an idiot I would be buying gold. I short sell gold. Put your money where your mouth is itachi. Put all your money in gold and watch it disappear.
@riversdirect Hedge funds aren't selling gold anymore. The lowest Gold got was in the low $1,500s but now Gold is trading at $1,722 an oz. and is still climbing up. What was that you were saying about the Gold Bubble bursting? Gold isn't a bubble, so you're sadly mistaken. Treasury Bonds are though, and that bubble is soon to burst within the next year or three.
Gold is a bubble that is bursting right now and a lot of people who buy gold because of Schiff's advice are going to loose a lot of money. Schiff is a gold dealer and bought a lot of gold himself so of course he wants everyone to buy it. What happened to the hyper inflation that Schiff predicted?
Peter I like a lot of your calls, but your timing has been terrible on your calls. Remember when Silver went from 50 to 39 and you said its not going lower? Its at 26!! Fundamentally we agree, but I think you should soften your "buying oppourtunity" comments to avoid Cramer moments. Youve had a few this year.
Its because he doesn't know how our money system works. Money cannot sit in mattresses as in interest free chartalist fiat currency that is always compared. Most of it is bank credit, and they are a constant pressure to collect. Housing is no longer producing 3-4 trillion a year and is in fact in reverse, sucking money out of the system. Housing and wage dropping and commodities going up isn't inflation. Gold will move on political weakness.
Schiff is gong to cause a lot of people to loose a lot of money. Gold is a bubble that is bursting. Him telling people buy gold right now is like recommending someone to buy a house in 2006.
If everything did crash and I have no doubt that it will. I believe Mr. Schiff is right on that score. But if you had a bar of gold and I had a pile of rice and beans in my basement to eat I wouldn't trade food for a piece of metal I couldn't eat.
Furthermore. If Gold is valued in any currency and the US collapses which means the entire world would collapse including China then it wouldn't matter if it was 10,000 an ounce in any currency since that currency would be worthless.
Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.
He has fought against the war on drugs, the foreign wars, and corporate bail outs.
The other reason why gold went up is because of gold carry trade from central bank gold leases. That was behind the drop in gold and the bubble stock and housing markets. Gold carry trade has unwound and drove it up. Now its rolled on to dollars driving dollars down. Its leveraged and leverage is pressure than can either return to sender or blow apart.
But yes lets ignore all the predictions Krugman made that came true and ignore all the hyperinflation that didn't come true and call krugman a rapist @Truthpolice9698
" To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."
This one is my favorite, not that I disagree it just shows his ignorance
Ya at the same time of that quote everyone called it a housing boom, but Ron Paul called it a bubble.
Krugman is idoit. Bc he is a hardcore Keysenian most Keynsians only base thier premese on Keynes but acknolege his thinking was flawed. This Idiot takse Keynes's work as gospel. Alien invasion? please
@AndroidPolitician $1.4 trillion in excess reserves sitting idle. When that printed cash comes out to play even Krugman will see the inflation. And if those 8 million plus workers who are no longer counted get a job you will see inflation. Bernanke is doing a John Law expansion of the money supply and sooner or later he will end up like John Law, disgraced and lucky to be alive as a entire nation vents on the poor bastard.
Banks have never been reserve constrained. Monetary base is basically meaningless. We have stagflation. We have debt deflation and wage deflation. The reason why commodities are higher in price is because of carry trade, rent seeking and farm land speculation. One thing I do agree with is ZIRP is very destructive.
@gwynedd1 We will see how meaningless that printed bogus cash is, aka MB, when the Fed is forced to raise interest rates. All those billions set loose with the wonders of fractional reserve banking. Quite the spectacle it will be.
That is not an issue. Its a fiat currency. They can put in anywhere or take it from anywhere on shore. The issue is the vested interests and the reserve currency status. That is a pressure and a risk adjustment that does not mean it will happen. It will be dry or a flood. Schiff seems to think its getting wet already. Its not. It could be a flood, but its not now. I am not anti-gold by any means though.
Except that it's estimated that upwards of $8 trillion in private money was lost from the housing crash alone and to make it up was roughly $5 trillion per year in secret fed loans when it needed to be $8 trillion (it's all relative to percent of GDP).
That means we're not even done filling the output gap let alone going over it let alone ever going to see hyperinflation.
@AndroidPolitician The proper course of action would have been to let the banks go bankrupt and to have deflation. This would have reduced the housing stock and cleared the market. Banks losers, consumers of housing, winners.
Pumping the cash to the bad banks is insanity. Deflation helps consumers.
We are in an unfortunate situation that housing was the foundation of our rent seeking credit system. Letting real estate collapse does allow the producers the cheap access they need to produce. However the other side of this is the credit system that does not make productive loans. They want real estate. Our credit system is based upon rising real estate prices since WII. Only real estate deflation helps consumers.
@AndroidPolitician Economic myth 101, deflation is bad. Deflation is bad for capital producers that have invested in economic production that is not needed. Deflation is good for consumers. Deflation. if allowed to work, would benefit consumers. Black Friday is about? Deflation.
These Peter Schiff "Austrian" viewers seem to be a little clueless about Austrian economics. Listen to Schiff, he gets it right most of the time. He usually throws pieces of Austrian economics in there.
@AndroidPolitician As for the inflation prediction the money supply is there, all that needs to happen is the fire burning over in Europe, China, Japan, to reach America. You see those Italian bond yields? Greece? Hungary?
How did the German citizens during WWII figure out the war was not going well?
Each glorious battle got closer and closer to home.
Literally even if the Euro collapses (which it very well might) there won't be hyperinflation we haven't even filled the output gap let alone gone over it something like 20 times like Zimbabwe.
@AndroidPolitician In real terms inelastic items will soar in value and elastic items will decrease. It all depends on the actions of the central banks, do they keep printing, or let it collapse. The idea that dollars disappear is nonsense. Only for the bank portfolio. The "disappeared" dollars have been misallocated, spent on housing and government, that must be paid in full someday when the assets are liquidated. Printing and pretending is not a sound economic strategy.
@AndroidPolitician It is not the price on the product but the profit the manufacturer can make. Manufacturers made profits during the deflationary 1870s to 1913. So what if the money supply decreases and bad companies go out of business? That is what is suppose to happen. Prices will adjust, wages, and the economy will recover.
I highly doubt there was a deflationary period for 30 years and especially doubtful overall profits increased in such a period, obviously someone will make a profit but the median and average profits would go way down.
@csmguitar1 Deflation is bad for most consumers because of sticky wages? The Keynesian crap needs to be removed from the text books and condensed into one chapter labeled "Economic Fairy Tales." Sorry, lots of evidence from before the Fed to support the positive economic growth with deflation.
Monetary policy is not Keynesian . Why do people assume every stupid thing the government does is "Keynesian"? Fed policy and low interest rates is a monetarist approach and it is disastrous because high real estate prices are the cause of all depressions. Housing needs to fall, not be propped up. However to do that you would need deficit spending because lots of credit would dry up.
@AndroidPolitician Ludwig von Mises and Murray Rothbard are good reads. Rothbard is my favorite. Schiff is more Wall Street, slash and burn, pretty good with his economics, 95% of the time, he screws up on taxes once in awhile. Sound Money by Salerno is a good read. I am going to buy a book or two for myself for Christmas.
Yeah I just don't get it. Inflation was caused by the rock bottom interest rate that went into housing. There is nothing to absorb it now other than stagflationary carry trade. Gold has not gone up just because of inflation. It has gone up because there is no plan B for the US dollar and therefore risk premium. However there is also risk of an unwinding dollar carry trade which will certainly not be hyperinflation.
Agreed. The best metaphor is a rubber band that will either snap apart or snap back. If ZIRP driven dollar carry trade has indeed displaced much of the yen, any weakness will call in those dollar leveraged positions. That is why the people who really understood hold dollar assets , gold and non dollar denominated assets. There is massive instability in both directions but no inflation. Its price rises in commodities from commodity speculation.
Krugman thought a Nobel Prize & an NYT column meant no challenges & easy money. WRONG!
He's in no way ready to debate a guy like Schiff that practices daily on a radio show, & debated Wall Street protestors for fun. Maybe he'll surprize & punch at his weight, but I doubt he handles challenges well.
Seeing Krugman defend Keynsianism would be fun. He seems to honestly believe it's valid, & will get flustered learning thru tough questioning that it's invalid.
Peter.. read your article on the Financial Advisor double dip. We are the only Bank Secrecy Act/Patriot Act/OFAC/SDN/Red Flag/CIP/Know Your Customer compliant precious metals dealer. I tried to tell your people at EuroPac Metals but they wouldn't listen. I have been in contact with the SEC and FinCen
Krugman is a crafty writer. He leaves out parts of the equation to try to prove his point. Look at his"Free to Die" article. He left out the part of the question where the man had good pay and a good job but decided not to buy health insurance.(his choice which is what Ron Paul was trying to say). If you read the article most people come away with the idea that Ron Paul would let the Poor man who couldn't afford health insurance. Ron Paul actually said NO he would not let the Man die.
@steshaw71 money should represent wealth (not backed by), so if more wealth would be created and there wouldn't be new dollars created that will increase value of dollar so gold will go down. That will not happen any time soon because market has to swallow inflation first and that will take 4-5 years if they didn't print more money. Don't take my words for granted i am not an economist. Treat money as any other commodity and all will became clear. PPL stack in "money paradigm".
@sebek23b a commodity has real tangible value.... money (your referring to -fiat money??) is a debt/bond which is loaned into existence constantly losing value. If you are referring to gold (as money) then you are correct about the correlation
Here's the point Keynesian econ misses: Savings lead to employment because savings give banks funds to lend money. This lent money allows for investment and employment in the investment projects made possible only by savings. Employment is better through savings than consumption because the investment made possible by savings leads to innovation and the production of new goods and services, which is what raises our standard of living. Savings leads to employment and economic growth.
What's interesting is some things are in deflation and some things are inflating we are in the eye of the hurricane. There is no way to fix the euro... The euro leads to worldwide recession 2. The printing presses will fly at that stage, or the debt is liquidated.
Krugman is an intellectual lightweight and a fraud. He enjoys the protection of those who are incapable of intelligent discourse themselves who in turn shield him from real scrutiny. He would not stand up in a debate against Peter Schiff and he knows it. That is why he will continue to hide behind his shield of ignorance and denial.
@troublehoff We could allow asset prices to fall, and deflation to occur in order to pull ourselves out of this stagnant economy. We really could do that. But it would take years for it to work (because prices and wages tend to be sticky in the short term) vs TRYING to inflate the dollar (in a liquidity trap, that's actually hard to do) and dealing with our unemployment now instead of having years of unusually high unemployment and the negatives that come with that.
Grab The Coattails Of Peter Schiff & Martin Armstrong!
Armstrong feels January 2012 is likely to be the lowest close for Gold. He also states the world may hold together until June 2012. From then on it appears to be starting to go nuts going into 2014.
I just don't understand how can there be inflation when the whole world is going into deflation. The only potential for growth is probably north korea (after jong il's death today) and africa. But their economies aren't big enough to potentially save the global economy, and their growth cannot happen overnight. So I do not believe in inflation atleast for the next 2-3 years, I would be more than happy to hear convincing reasons for any ANY signal of increased relative commodity consumption.
@tnedunth Gotta agree with you. What I use most, food, has not risen in years for us. In fact it has gone down. Fuel is more or less the same and housing has not really budged either way, and I don't give a shit what the definition or measure of inflation is! Dollar crash? Bonds falling? Well, I'll believe it when I actually see it. Petey can't be wrong for this long and expect any credibility on this. I've been hearing this for way too long. The inflation story has been dead wrong.
@TheRonDoe What planet have you been living on? Certainly not Earth! All food items have increased a great deal over the last several years. This past Feb. alone they increased by 3.9%, the biggest increase in 36 years! Home heating oil prices at a ten year high this year alone! Gas prices have increased about 130% over the same time frame. Housing prices only recently collapsed and that's because they were overvalued!
@TheRonDoe Actually there is a bit of a fight between deflation (the contraction of the money supply) and inflation. I think it is people saving and not spending (deflation) vs Fed money printing (inflation). Check out the Mike Maloney videos on deflation before inflation. Hard to get your head around. But rest assured, high inflation is comming.
@johneveready There's a serious problem with looking at things that way. Sooner or later you're going to be wrong and not admit it before the damage is done. What is more, it always seems peoples losses are greater than their gains, so there's that to worry about as well.
Gold is a useless metal that was synonymous to the Sun pagan cults and such. We are moving into a smarter society where only pump and dumpers would promote crap like Gold and criticize people like Jonathan Lebed who is is a silver pump n dumper.
Using gold as a hedge against inflation was something "historically" done, but people don't buy that nonsense anymore.
how can there be inflation when China demand is collapsing, housing markets in asia are going to shit. There is NO reason for copper to be bullish, the only inflation that *could* happen is for ags, which I doubt again.
People have historically looked at gold as a safety haven, but the market has become smarter now and have realized that the gold bull market is simply caused by overleveraging on the bullish side.
You guys are retarded. Gold is down cuz the dollar is strong and because people are still stupid enough to believe in US bonds and the unsustainable low interest rates promised by the Fed. It was trading at an all time high and you didn't expect a contraction?
Buy silver. Buy palladium. Buy shit thats trading near its 52 week low and wait for the inevitable crisis. Dont hop on a bandwagon, guys, think against the grain.
@orangeiceice12 Sorry to burst your bubble, but you better check on who the major buyers of the dollar are. One of them is the Japanese Central Bank and the reason their pushing up the dollar is the same basic reason the Germans are holding up the Euro and that is their Exports need it. When they can no longer continue holding up the dollar, it will continue it's fall, in short this is artificial and not the free market. Gold will be down going in to 2012, after that?
@4390100 I agree. Gold will go up again, once our debt becomes unserviceable and the inevitable bond crisis happens. Its still a good part of a diversified portfolio, but there are other instruments that, at this point, stand to gain a lot more when said crisis happens.
I wouldn't buy gold right now. In fact, I wouldn't buy gold until there're clear signals that the price has bottomed out.
@XESTISS Seriously dude?! Have you even looked at any of his statements and prediction? They have been right for years for the most partt. If anyone follows Austriam Economics, the results cannot be any different... You keep the faith!
@XESTISS The problem with the "Leftest dot in the leftest corner Left-brained" people is that they just look at one schmuck providing the same BS report on 3 different videos after only taking a fraction of a complete statement into account (out of context); and use that as the holy grail of "Debunking"! I never accept 100% of anything anyone says & rather look at the entire picture. FYI, there were no dates provided for Hyperinflation, etc. There's also lots of artificial hype to impress YOU
@moushmoush WOW! Thats some impressive shit right there brother! People have to earn your respect eh? Man Thats cool stuff. These are words that Men are made of! STEEL! SO all one has to do is get 100% of everything they say Wrong to Gain your respect eh? Man That is TOUGH TO DO! Even if I asked a 5 year old they would get more things right than this clown! O wait are you going to tell me "well just wait and see?" Because it's taken out of context?? Hahahahaa! The Facts speak for themselves!
@MARINE1146 Other options are silver, half-ounce coins, one tenth ounce coins, even one twentieth ounce coins. Also, stocking up on food or other items that don't expire and are useful years from now will hep you against inflation. Although it may identify you as a terrorist ...
Pig Evil, noun: if a chicken falls into a pig pen the pigs devour it alive. If you ask a Pig why, the pig will reply, "I'm to busy rooting and eating in my own shit to bother with thinking about that".
The economies of the world are being undone. We have seen a massive banking scam that is intended to suck the wealth of the USA and not return it in the form of loans. They have vastly increased the scarcity of money within the REAL economy.The inherent problem with debt based currency is that it exists primarily to make money on money(interest). Debt based systems require scarcity -- debt free allocates resources to those who need them for real activities- money becomes a means of facilitation.
The Austrian school makes good sense within the framework of the private central banks and their debt-based private currency. If we replace it with a government produced debt free currency everything changes. 9/11 was a conspiracy and the effort to force the replacement of the US $ is part of the decades long effort to usurp Western power and democracy. The fact is free-market works if it is free-- the oil market is a scam and if we cannot bust up the scam we should have price controls.
How to Economically Prepare for the Upcoming HAARP Disasters Australia in November 2010-October 2011 half way though the video he says that there will be hyper inflation
PETER SCHIFF SHOULD INVITE LYNDON LAROUCHE AND BILL STILL TO ONCE AND FOR ALL LET THE PEOPLE KNOW HOW THE REAL ECONOMY WORKS. GOLD IS JUST ANOTHER FORM OF CONTROL. CHECK LYNDON LAROUCHES WEBSITE AND CHECK BILL STILL'S THE SECRET OF THE WIZARD OF OZ.
He DID SAY that we will probably not make it till 2012. He acts like the European crisis is something is out of the ordinary, strange phenomena that threw his prediction off......that is not true. Europe would have gone into crisis before USA - that is what happens in economic crisis (the weaker or smaller economies go down first).
Peter Schiff talks a good talk and makes a lot of sense BUT he should be analyzed just like anyone else.
Peter Schiff has been saying $ will become worthless for a while now. it hasn't. i remember he used to say how there was a fire sale to sell $ a few years ago... what the??
funny thing... he used to boldly say that there will be very high price inflation. now he changes the tone to say the prices should be falling but they aren't... wtf?
@pytube2007 The dollar has gone down in value substantially, so what he said wasn't false, really. Unless things are changed, it will continue to go down.
@Itugen88 dollar has gone down in past few years? stop kidding yourself! it has hardly moved. not even close to what Peter has been predicting. let us be honest. he is not just way off in his predictions he is pretty much wrong.
@pytube2007 He under estimated the flight to safety of the US bonds and investors buying our T-bills. It is the one thing he is off on, but far from inaccurate. The other is that China will de-lever and stop buying our debt. I don't see that happening, but Peter Schiff is so right on everything else.
Let it come down- please! I will buy what I can. Who knows how long this will continue but I will say that rich people own gold. People who think they aren't middle class but really are don't buy gold. In the words of a gold deal I don'tv like- but is savy- What do we do when the price of gold goes down? We buy more.
Does not take a genious to understand that precious medals will always increase in value. Just look at history shows that the cost of gold only goes up.
This reminded me of a quote by Ralph Waldo Emerson - Never mind the ridicule, never mind the defeat: up again, old heart! -- there is victory yet for all justice
Peter, the reason why gold is down is becuase David WIlcock exposed the stash of hidden gold held by the Rothschilds . which is upwards of 200 million tons, at the current spot price that would be 100 million trillion dollars worth. That exposure is why gold is dropping.
the interview on project Camelot because Illuminati threaten his life because of it.below.
h t t p : // w w w . youtube . com / watch ? v = Wcy0X5w3KwU
Peter, Maybe it would be a good idea to run an ad in the NYT challenging Krugman to a debate. Perhaps, you can request a money bomb from your supporters for the funds to make the ad significant.
Breath a sigh of relief, and then realize now is a perfect time to buy. :-)
linagee 1 day ago
The Dollar is accepted everywhere in the US as a medium of exchange, Gold is not. therefore gold is not money, it is just a commodity. Using your prior incorrect theory, as the price of gold goes down, the value of the dollar goes up. Your twisted economic theory only proves that if the Dollar goes up in value, then inflation is reducing.
Thewizzardof9 3 days ago
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jrice538 1 month ago
If Ron Paul got elected, I would like to see Peter Shiff as head of the Federal Reserve, until it was demolished.
htiberian 1 month ago
The amount of money you make is up to you, if you work hard at it you can make $2,000 per day, if you want to do it part time for an hour per day you can easily make $200 per day. It's much easier to do than you think and if you'd like to see what this is all about. Come over to my website “Gold Trading Academy” and I'll show you.
alextraderify 1 month ago
Anybody who says that inflation is good, and that higher prices is good don't know the basic principle of economics. The basic principle of a any economy is to "economize." To economize is to create things cheaper, less use of physical labor to make thing easier, even safer. Ask a engineer what a goal of a engineer is. The engineer will tell you the goal is to make things lighter, cheaper, even safer, and easier. Making things difficult, very heavy, expensive is easy to do.
SamuelMoralesJr 1 month ago 4
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MrHabs1993 1 month ago
@MrHabs1993 You're a monster!
Andersll11 1 month ago
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MrHabs1993 1 month ago
@MrHabs1993 The force is strong with this one :D
Andersll11 1 month ago
What does Peter Schiff say about Paul Krugmans latest flurry about how the debt is not a problem because we owe it to ourselves.
thunderballacks 2 months ago
@zuluwhiskybravo doubt it
Anastrodamus 2 months ago
@Somadidonteven
PS, I don't make 7 figures but I do make 6 figures. How much do you make at Mc Donnalds? Have you made any money in gold? I didn't think so. The only investing i will be doing in gold is short selling it.
riversdirect 2 months ago
@Somadidonteven Gold is a horrible investment. Peter is NOT a scholar he is a broker, gold dealer, and giant douche bag . He has bought a ton of gold and now he wants all the lemmings to following into the ocean. A lot of people are going to loose their money listening to him.
riversdirect 2 months ago
dear traders, I have FREE STOCK ROBOT... which works pretty well, it's here if anybody looking for
FreeSTOCKnolossROBOT 2 months ago
krugman is a retard
Redeye1524 2 months ago
Folks, If you really believe the incompetent morons running our government will solve the debt, deficit and unfunded liabilities (SS, medicare, medicaid, prescriptions, pensions, etc.) of over 100 trillions dollars you aren't paying attention. Their only way out is to print more dollars and inflate their way out. The dollar will be come worthless. WTFU!
chickatawbutt 2 months ago
sell gold now before its too late !!!
peter i thought highly of you but not anymore, telling people to buy gold is not honest!
dnp4dnp 2 months ago
@dnp4dnp
Nice to see some one who thinks for himself. Good call.
riversdirect 2 months ago
@riversdirect Thank you dnp4dnp
riversdirect 2 days ago
America's economy is false being propped up the by the printing of money, soon it will wooosh! crash!
WhereDidItAllGo7 2 months ago
Peter pump and dump his gold.
tomnguyen0820 2 months ago
Peter just admit you were wrong about hyperinflation and gold. Your back peddling in this video. Just come out and admit it. The market has proven you wrong. There is very little inflation. The gold bubble is bursting. Hedge funds all over are selling gold. They are much smarted than you I guess.
riversdirect 2 months ago
@riversdirect You are a fucking idiot. Gold isn't bursting. It fell 10% and is stable, fool.
itachi705 2 months ago
@itachi705
If I was an idiot I would be buying gold. I short sell gold. Put your money where your mouth is itachi. Put all your money in gold and watch it disappear.
riversdirect 2 months ago
@itachi705
Gold fell some more today donkey. Each day it falls MORE AND MORE. Who's the idiot again? idiot.
riversdirect 2 months ago
@riversdirect Annnd it went back up again. Stable now, will explode like crazy in the future.
itachi705 1 month ago
@itachi705
Its down today.
riversdirect 1 month ago
@riversdirect LOL And now it's back up and has been up for the year.
itachi705 4 days ago
@itachi705
speculators.
riversdirect 2 days ago
@itachi705
Not really,
Peter Schiff is an idiot and he will make a lot of people loose a lot of money in the gold bubble.
riversdirect 2 days ago
@riversdirect Hedge funds aren't selling gold anymore. The lowest Gold got was in the low $1,500s but now Gold is trading at $1,722 an oz. and is still climbing up. What was that you were saying about the Gold Bubble bursting? Gold isn't a bubble, so you're sadly mistaken. Treasury Bonds are though, and that bubble is soon to burst within the next year or three.
TheManiacalSatanist6 1 month ago
Gold is a bubble that is bursting right now and a lot of people who buy gold because of Schiff's advice are going to loose a lot of money. Schiff is a gold dealer and bought a lot of gold himself so of course he wants everyone to buy it. What happened to the hyper inflation that Schiff predicted?
riversdirect 2 months ago
Peter I like a lot of your calls, but your timing has been terrible on your calls. Remember when Silver went from 50 to 39 and you said its not going lower? Its at 26!! Fundamentally we agree, but I think you should soften your "buying oppourtunity" comments to avoid Cramer moments. Youve had a few this year.
Szeven85 2 months ago
@Szeven85
Its because he doesn't know how our money system works. Money cannot sit in mattresses as in interest free chartalist fiat currency that is always compared. Most of it is bank credit, and they are a constant pressure to collect. Housing is no longer producing 3-4 trillion a year and is in fact in reverse, sucking money out of the system. Housing and wage dropping and commodities going up isn't inflation. Gold will move on political weakness.
gwynedd1 2 months ago
@Szeven85
Schiff is gong to cause a lot of people to loose a lot of money. Gold is a bubble that is bursting. Him telling people buy gold right now is like recommending someone to buy a house in 2006.
riversdirect 2 months ago
@Szeven85
peter lets his political views cloud his financial judgment. His predictions are loosing people money.
riversdirect 2 months ago
buy GOLD!
FreeSTOCKnolossROBOT 2 months ago
If everything did crash and I have no doubt that it will. I believe Mr. Schiff is right on that score. But if you had a bar of gold and I had a pile of rice and beans in my basement to eat I wouldn't trade food for a piece of metal I couldn't eat.
Furthermore. If Gold is valued in any currency and the US collapses which means the entire world would collapse including China then it wouldn't matter if it was 10,000 an ounce in any currency since that currency would be worthless.
metal bubble
EdTube444 2 months ago
This has been flagged as spam show
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RapsAlive 2 months ago
I have FREE Stock robot if anybody looking for...
FreeSTOCKnolossROBOT 2 months ago
I just turned bullish on gold yesterday.. It is at strong support..
mistapikkles 2 months ago
The other reason why gold went up is because of gold carry trade from central bank gold leases. That was behind the drop in gold and the bubble stock and housing markets. Gold carry trade has unwound and drove it up. Now its rolled on to dollars driving dollars down. Its leveraged and leverage is pressure than can either return to sender or blow apart.
gwynedd1 2 months ago
Lol hows hyperinflation in 2010 going?
But yes lets ignore all the predictions Krugman made that came true and ignore all the hyperinflation that didn't come true and call krugman a rapist @Truthpolice9698
AndroidPolitician 2 months ago
@AndroidPolitician
" To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."
This one is my favorite, not that I disagree it just shows his ignorance
/watch?v=3EPd2i4Jshs
Salvysahagun 2 months ago
@Salvysahagun
Given the stagnant real wages it economically makes sense as disastrous as it was. Obviously I'm not happy Krugman didn't talk about wages.
AndroidPolitician 2 months ago
@AndroidPolitician
Ya at the same time of that quote everyone called it a housing boom, but Ron Paul called it a bubble.
Krugman is idoit. Bc he is a hardcore Keysenian most Keynsians only base thier premese on Keynes but acknolege his thinking was flawed. This Idiot takse Keynes's work as gospel. Alien invasion? please
Salvysahagun 2 months ago
@Salvysahagun
Not everyone seeing is I am quite Georgist influenced. There is no theory more hostile to inflated housing costs.
gwynedd1 2 months ago
@AndroidPolitician $1.4 trillion in excess reserves sitting idle. When that printed cash comes out to play even Krugman will see the inflation. And if those 8 million plus workers who are no longer counted get a job you will see inflation. Bernanke is doing a John Law expansion of the money supply and sooner or later he will end up like John Law, disgraced and lucky to be alive as a entire nation vents on the poor bastard.
Truthpolice9698 2 months ago
@Truthpolice9698
Banks have never been reserve constrained. Monetary base is basically meaningless. We have stagflation. We have debt deflation and wage deflation. The reason why commodities are higher in price is because of carry trade, rent seeking and farm land speculation. One thing I do agree with is ZIRP is very destructive.
gwynedd1 2 months ago
@gwynedd1 We will see how meaningless that printed bogus cash is, aka MB, when the Fed is forced to raise interest rates. All those billions set loose with the wonders of fractional reserve banking. Quite the spectacle it will be.
Truthpolice9698 2 months ago
@Truthpolice9698
That is not an issue. Its a fiat currency. They can put in anywhere or take it from anywhere on shore. The issue is the vested interests and the reserve currency status. That is a pressure and a risk adjustment that does not mean it will happen. It will be dry or a flood. Schiff seems to think its getting wet already. Its not. It could be a flood, but its not now. I am not anti-gold by any means though.
gwynedd1 2 months ago
@Truthpolice9698
Except that it's estimated that upwards of $8 trillion in private money was lost from the housing crash alone and to make it up was roughly $5 trillion per year in secret fed loans when it needed to be $8 trillion (it's all relative to percent of GDP).
That means we're not even done filling the output gap let alone going over it let alone ever going to see hyperinflation.
AndroidPolitician 2 months ago
@AndroidPolitician The proper course of action would have been to let the banks go bankrupt and to have deflation. This would have reduced the housing stock and cleared the market. Banks losers, consumers of housing, winners.
Pumping the cash to the bad banks is insanity. Deflation helps consumers.
Truthpolice9698 2 months ago
@Truthpolice9698
We are in an unfortunate situation that housing was the foundation of our rent seeking credit system. Letting real estate collapse does allow the producers the cheap access they need to produce. However the other side of this is the credit system that does not make productive loans. They want real estate. Our credit system is based upon rising real estate prices since WII. Only real estate deflation helps consumers.
gwynedd1 2 months ago
@Truthpolice9698
Uh no it doesn't, deflation reflects an unwillingness to buy not as a signal to buy and means producers go out of business.
By your logic it would take decades to return to normal which is predicted to be on 2017 with the inadequate spending.
AndroidPolitician 2 months ago
@AndroidPolitician Economic myth 101, deflation is bad. Deflation is bad for capital producers that have invested in economic production that is not needed. Deflation is good for consumers. Deflation. if allowed to work, would benefit consumers. Black Friday is about? Deflation.
These Peter Schiff "Austrian" viewers seem to be a little clueless about Austrian economics. Listen to Schiff, he gets it right most of the time. He usually throws pieces of Austrian economics in there.
Truthpolice9698 2 months ago
@Truthpolice9698
Deflation isn't exogenous it's because of severe lack of consumer demand, or put simpler it's an effect not a cause.
It might be good in super specific cases but the point is it's happening because the economy is broken.
I'm pretty sure Mises, Rothbard, Schiff etc. most confident prediction was hyperinflation and that hasn't happened and never will happen.
AndroidPolitician 2 months ago
@AndroidPolitician As for the inflation prediction the money supply is there, all that needs to happen is the fire burning over in Europe, China, Japan, to reach America. You see those Italian bond yields? Greece? Hungary?
How did the German citizens during WWII figure out the war was not going well?
Each glorious battle got closer and closer to home.
You remind me of Baghdad Bob my man.
Truthpolice9698 2 months ago
@Truthpolice9698
Literally even if the Euro collapses (which it very well might) there won't be hyperinflation we haven't even filled the output gap let alone gone over it something like 20 times like Zimbabwe.
And I think you mean Comedic Ali :P
AndroidPolitician 2 months ago
@AndroidPolitician In real terms inelastic items will soar in value and elastic items will decrease. It all depends on the actions of the central banks, do they keep printing, or let it collapse. The idea that dollars disappear is nonsense. Only for the bank portfolio. The "disappeared" dollars have been misallocated, spent on housing and government, that must be paid in full someday when the assets are liquidated. Printing and pretending is not a sound economic strategy.
Truthpolice9698 2 months ago
@Truthpolice9698
Effectively the money is still gone and if we went by your logic it would take decades to be "paid back" aka be where we will be in 2017.
AndroidPolitician 2 months ago
@AndroidPolitician It is not the price on the product but the profit the manufacturer can make. Manufacturers made profits during the deflationary 1870s to 1913. So what if the money supply decreases and bad companies go out of business? That is what is suppose to happen. Prices will adjust, wages, and the economy will recover.
Truthpolice9698 2 months ago
@Truthpolice9698
I highly doubt there was a deflationary period for 30 years and especially doubtful overall profits increased in such a period, obviously someone will make a profit but the median and average profits would go way down.
AndroidPolitician 2 months ago
@Truthpolice9698 deflation is bad for most consumers because of sticky nominal wages. the evidence for nominal wage rigidity is overwhelming
csmguitar1 2 months ago
@csmguitar1 Deflation is bad for most consumers because of sticky wages? The Keynesian crap needs to be removed from the text books and condensed into one chapter labeled "Economic Fairy Tales." Sorry, lots of evidence from before the Fed to support the positive economic growth with deflation.
Truthpolice9698 2 months ago 16
@Truthpolice9698
Monetary policy is not Keynesian . Why do people assume every stupid thing the government does is "Keynesian"? Fed policy and low interest rates is a monetarist approach and it is disastrous because high real estate prices are the cause of all depressions. Housing needs to fall, not be propped up. However to do that you would need deficit spending because lots of credit would dry up.
gwynedd1 2 months ago
@Truthpolice9698 lol@"The Keynesian crap needs to be removed from the text books and condensed into one chapter labeled "Economic Fairy Tales."
so true...I'm gonna have to start using that one!
MoneyIsSilver 2 months ago
@AndroidPolitician Ludwig von Mises and Murray Rothbard are good reads. Rothbard is my favorite. Schiff is more Wall Street, slash and burn, pretty good with his economics, 95% of the time, he screws up on taxes once in awhile. Sound Money by Salerno is a good read. I am going to buy a book or two for myself for Christmas.
Truthpolice9698 2 months ago
@AndroidPolitician
Yeah I just don't get it. Inflation was caused by the rock bottom interest rate that went into housing. There is nothing to absorb it now other than stagflationary carry trade. Gold has not gone up just because of inflation. It has gone up because there is no plan B for the US dollar and therefore risk premium. However there is also risk of an unwinding dollar carry trade which will certainly not be hyperinflation.
gwynedd1 2 months ago
@gwynedd1
Overall inflation is lower now than it was in the early 2000s let alone the 70s let alone Zimbabwe-style hyperinflation.
AndroidPolitician 2 months ago
@AndroidPolitician
Agreed. The best metaphor is a rubber band that will either snap apart or snap back. If ZIRP driven dollar carry trade has indeed displaced much of the yen, any weakness will call in those dollar leveraged positions. That is why the people who really understood hold dollar assets , gold and non dollar denominated assets. There is massive instability in both directions but no inflation. Its price rises in commodities from commodity speculation.
gwynedd1 2 months ago
@AndroidPolitician How's Krugman's deflation coming along?
johneveready 2 months ago
@johneveready
There was actually deflation at one point around 2008 for a very short time (which even Irving Fisher predicted)
I think it's obviously less silly then all the hyperinflation that was supposed to happen in 2010.
AndroidPolitician 2 months ago
@AndroidPolitician
Schiff is the one predicting hyperinflation. Now he's back peddling in this video.
riversdirect 2 months ago
@riversdirect If you ever checked up on it you would have realized Schiff was talking long term and never gave a solid date.
itachi705 2 months ago
Krugman is a coward and a mouthpiece for Goldman Sachs.
bladeproject1 2 months ago
a paper ring won't make my spouse happy? you're a nut Peter - a brilliant nut but a nut
richm444 2 months ago
Krugman thought a Nobel Prize & an NYT column meant no challenges & easy money. WRONG!
He's in no way ready to debate a guy like Schiff that practices daily on a radio show, & debated Wall Street protestors for fun. Maybe he'll surprize & punch at his weight, but I doubt he handles challenges well.
Seeing Krugman defend Keynsianism would be fun. He seems to honestly believe it's valid, & will get flustered learning thru tough questioning that it's invalid.
JoeSexPack 2 months ago
Paul Krugman would never take you up on this. I would love to see that!
wafdawg 2 months ago
Peter.. read your article on the Financial Advisor double dip. We are the only Bank Secrecy Act/Patriot Act/OFAC/SDN/Red Flag/CIP/Know Your Customer compliant precious metals dealer. I tried to tell your people at EuroPac Metals but they wouldn't listen. I have been in contact with the SEC and FinCen
Go2thebeach69 2 months ago
Krugman is a crafty writer. He leaves out parts of the equation to try to prove his point. Look at his"Free to Die" article. He left out the part of the question where the man had good pay and a good job but decided not to buy health insurance.(his choice which is what Ron Paul was trying to say). If you read the article most people come away with the idea that Ron Paul would let the Poor man who couldn't afford health insurance. Ron Paul actually said NO he would not let the Man die.
steadicamrickshaw 2 months ago
How come one of the videos called "It's a Bull, It's a Bear, It's Gartman on Gold!" is private?
algoenz 2 months ago
Surely if the money supply shrinks then gold will go down?
steshaw71 2 months ago
@steshaw71 money should represent wealth (not backed by), so if more wealth would be created and there wouldn't be new dollars created that will increase value of dollar so gold will go down. That will not happen any time soon because market has to swallow inflation first and that will take 4-5 years if they didn't print more money. Don't take my words for granted i am not an economist. Treat money as any other commodity and all will became clear. PPL stack in "money paradigm".
sebek23b 2 months ago
@sebek23b a commodity has real tangible value.... money (your referring to -fiat money??) is a debt/bond which is loaned into existence constantly losing value. If you are referring to gold (as money) then you are correct about the correlation
Go2thebeach69 2 months ago
Gartman is a joke. Thats all.
DontMeanWell 2 months ago
Here's the point Keynesian econ misses: Savings lead to employment because savings give banks funds to lend money. This lent money allows for investment and employment in the investment projects made possible only by savings. Employment is better through savings than consumption because the investment made possible by savings leads to innovation and the production of new goods and services, which is what raises our standard of living. Savings leads to employment and economic growth.
SirTenenbaum 2 months ago
Warning: Violent Rhetoric from 11:00 onwards.
I'm surprised the PC police hasn't sent a SWAT team over to Schiff's house yet.
LibertyDownUnder 2 months ago
What's interesting is some things are in deflation and some things are inflating we are in the eye of the hurricane. There is no way to fix the euro... The euro leads to worldwide recession 2. The printing presses will fly at that stage, or the debt is liquidated.
unclebilly79 2 months ago
Krugman is an intellectual lightweight and a fraud. He enjoys the protection of those who are incapable of intelligent discourse themselves who in turn shield him from real scrutiny. He would not stand up in a debate against Peter Schiff and he knows it. That is why he will continue to hide behind his shield of ignorance and denial.
BGoldtone 2 months ago
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@troublehoff We could allow asset prices to fall, and deflation to occur in order to pull ourselves out of this stagnant economy. We really could do that. But it would take years for it to work (because prices and wages tend to be sticky in the short term) vs TRYING to inflate the dollar (in a liquidity trap, that's actually hard to do) and dealing with our unemployment now instead of having years of unusually high unemployment and the negatives that come with that.
shalcall 2 months ago
I would pay to see this debate. What's up Krugman...??? Are you scared?
peleuno 2 months ago
Grab The Coattails Of Peter Schiff & Martin Armstrong!
Armstrong feels January 2012 is likely to be the lowest close for Gold. He also states the world may hold together until June 2012. From then on it appears to be starting to go nuts going into 2014.
$5,000 Gold between 2013-2015.
1betrman 2 months ago
This correction is because Corzine, thanks for the buying opportunity
bezant1971 2 months ago
@bezant1971 So true!
peleuno 2 months ago
I just don't understand how can there be inflation when the whole world is going into deflation. The only potential for growth is probably north korea (after jong il's death today) and africa. But their economies aren't big enough to potentially save the global economy, and their growth cannot happen overnight. So I do not believe in inflation atleast for the next 2-3 years, I would be more than happy to hear convincing reasons for any ANY signal of increased relative commodity consumption.
tnedunth 2 months ago
@tnedunth Gotta agree with you. What I use most, food, has not risen in years for us. In fact it has gone down. Fuel is more or less the same and housing has not really budged either way, and I don't give a shit what the definition or measure of inflation is! Dollar crash? Bonds falling? Well, I'll believe it when I actually see it. Petey can't be wrong for this long and expect any credibility on this. I've been hearing this for way too long. The inflation story has been dead wrong.
TheRonDoe 2 months ago
@TheRonDoe What planet have you been living on? Certainly not Earth! All food items have increased a great deal over the last several years. This past Feb. alone they increased by 3.9%, the biggest increase in 36 years! Home heating oil prices at a ten year high this year alone! Gas prices have increased about 130% over the same time frame. Housing prices only recently collapsed and that's because they were overvalued!
Get your facts straight. Do your homework!!!
BGoldtone 2 months ago
@TheRonDoe Actually there is a bit of a fight between deflation (the contraction of the money supply) and inflation. I think it is people saving and not spending (deflation) vs Fed money printing (inflation). Check out the Mike Maloney videos on deflation before inflation. Hard to get your head around. But rest assured, high inflation is comming.
7Losses 2 months ago
@7Losses Oh, I believe it is coming, but pete's assertions require much better timing if he want to earn a return based off of any fundamental calls.
TheRonDoe 2 months ago
@TheRonDoe Petey was wrong that long predicting the housing bubble too!
johneveready 2 months ago
@johneveready There's a serious problem with looking at things that way. Sooner or later you're going to be wrong and not admit it before the damage is done. What is more, it always seems peoples losses are greater than their gains, so there's that to worry about as well.
TheRonDoe 2 months ago
Gold is a useless metal that was synonymous to the Sun pagan cults and such. We are moving into a smarter society where only pump and dumpers would promote crap like Gold and criticize people like Jonathan Lebed who is is a silver pump n dumper.
Using gold as a hedge against inflation was something "historically" done, but people don't buy that nonsense anymore.
tnedunth 2 months ago
how can there be inflation when China demand is collapsing, housing markets in asia are going to shit. There is NO reason for copper to be bullish, the only inflation that *could* happen is for ags, which I doubt again.
People have historically looked at gold as a safety haven, but the market has become smarter now and have realized that the gold bull market is simply caused by overleveraging on the bullish side.
tnedunth 2 months ago
What would happen if the US Treasury directed the US Mint to stamp a $15 trillion dollar coin and give it to the Fed reserve to pay off all debt?
Holidats 2 months ago
That's some good advice: go with a gold ring instead of a paper ring.
sakafujiwara 2 months ago
Really, MSM sells stock everyday. It's never a bad day to buy stock according to them. And they'll even tell you which ones to buy. what a joke
66chevyo 2 months ago
Warning! It's coming!
watch?v=nRbLFfWa1oM
Oh? Wait what's today's date?
Minethis1 2 months ago
Remember?
watch?v=1YeA9C9ylQ0&feature=related
You fail for it AGAIN! Wake up!
Minethis1 2 months ago
Clearly on the defensive, Peter. That says enough.
lancefiasco 2 months ago
You guys are retarded. Gold is down cuz the dollar is strong and because people are still stupid enough to believe in US bonds and the unsustainable low interest rates promised by the Fed. It was trading at an all time high and you didn't expect a contraction?
Buy silver. Buy palladium. Buy shit thats trading near its 52 week low and wait for the inevitable crisis. Dont hop on a bandwagon, guys, think against the grain.
orangeiceice12 2 months ago
@orangeiceice12 Sorry to burst your bubble, but you better check on who the major buyers of the dollar are. One of them is the Japanese Central Bank and the reason their pushing up the dollar is the same basic reason the Germans are holding up the Euro and that is their Exports need it. When they can no longer continue holding up the dollar, it will continue it's fall, in short this is artificial and not the free market. Gold will be down going in to 2012, after that?
4390100 2 months ago
@4390100 I agree. Gold will go up again, once our debt becomes unserviceable and the inevitable bond crisis happens. Its still a good part of a diversified portfolio, but there are other instruments that, at this point, stand to gain a lot more when said crisis happens.
I wouldn't buy gold right now. In fact, I wouldn't buy gold until there're clear signals that the price has bottomed out.
orangeiceice12 2 months ago
Was the babysitter co-op crazier than his aliens bullshit?
n0us3rn4m3s4v41l4bl3 2 months ago
@n0us3rn4m3s4v41l4bl3 crazier...no, funnier...yes
quinnrasta 2 months ago
Hey this is like Keynes vs Hayek the two famous economist on different sides.
jezza1789 2 months ago
krugman got called out bigtime schiff you pimp.
arta612 2 months ago
Krugman will never accept this challenge because like a lot of the socialist/communist intellectuals, he cannot accept any opinions but his own.
HachiZenki 2 months ago
The price of gold is high because all the Fiat currencies are failing...
DackIsBack 2 months ago
SCHIFFY!!!!!!!!! Still making up excuses my friend? Don't worry maybe in the next 1000 years you might get something right! Keep the Faith brother!
XESTISS 2 months ago
@XESTISS Seriously dude?! Have you even looked at any of his statements and prediction? They have been right for years for the most partt. If anyone follows Austriam Economics, the results cannot be any different... You keep the faith!
moushmoush 2 months ago
@moushmoush Sure I have! Here take a look! hahahahah! Drum roll here is the Great Predictor DUDE! haahahhahhaha!
watch?v=cN7RuFJekN8&feature=channel_video_title
watch?v=nHol8OEieaY&feature=g-u&context=G20e53ffFUAAAAAAAEAA
watch?v=wJqHET-pLZ4&feature=relmfu
Excellent performance eh??? Hahahahhahah! The Great Predictor! hahahahahah!! You poor naive fool!
XESTISS 2 months ago
@XESTISS The problem with the "Leftest dot in the leftest corner Left-brained" people is that they just look at one schmuck providing the same BS report on 3 different videos after only taking a fraction of a complete statement into account (out of context); and use that as the holy grail of "Debunking"! I never accept 100% of anything anyone says & rather look at the entire picture. FYI, there were no dates provided for Hyperinflation, etc. There's also lots of artificial hype to impress YOU
moushmoush 2 months ago
@moushmoush WOW! Thats some impressive shit right there brother! People have to earn your respect eh? Man Thats cool stuff. These are words that Men are made of! STEEL! SO all one has to do is get 100% of everything they say Wrong to Gain your respect eh? Man That is TOUGH TO DO! Even if I asked a 5 year old they would get more things right than this clown! O wait are you going to tell me "well just wait and see?" Because it's taken out of context?? Hahahahaa! The Facts speak for themselves!
XESTISS 2 months ago
pacquaio vs mayweather or schiff vs krugman in 2012...i think mayweather steps up first
cZiebenhaus 2 months ago
@cZiebenhaus lol wtf that was funny but Pac got beat so no one cares about that fight anymore.
jezza1789 2 months ago
I've been hearing all this talk about a "major breakout" in the metals for YEARS now. I don't buy it!
MARINE1146 2 months ago
The average American is flat ass broke and in debt up to their eyeballs.
The LAST thing they have money for is to buy one once gold coins at one thousand-six hundred dollars each!
MARINE1146 2 months ago
@MARINE1146 Other options are silver, half-ounce coins, one tenth ounce coins, even one twentieth ounce coins. Also, stocking up on food or other items that don't expire and are useful years from now will hep you against inflation. Although it may identify you as a terrorist ...
JorritSchippers 2 months ago
@JorritSchippers
Understood and well said! I'm quite sure I am already on a variety of lists!
Ask me as an American and a Marine If I give a shit about their lists! :)
MARINE1146 2 months ago
That debate would be great! Finally keynsianism would be exposed!
MetalHeadViking 2 months ago
The last guy you debated at a university ended up getting busted for banging his own daughter.
You think Krugman has some skeletons in the closet and is superstitious?
Krugman looks like a rapist pervert, probably is. All these one world elitist are mentally deranged.
Truthpolice9698 2 months ago 11
@Truthpolice9698 What are ya going to do with "Pig Evil".
Pig Evil, noun: if a chicken falls into a pig pen the pigs devour it alive. If you ask a Pig why, the pig will reply, "I'm to busy rooting and eating in my own shit to bother with thinking about that".
DarkMonkArt 2 months ago
@DarkMonkArt Above my pay grade.
Truthpolice9698 2 months ago
@Truthpolice9698
David Epstein.................wow
the vid is on youtube..the debate.
398harry 2 months ago in playlist Uploaded videos
The economies of the world are being undone. We have seen a massive banking scam that is intended to suck the wealth of the USA and not return it in the form of loans. They have vastly increased the scarcity of money within the REAL economy.The inherent problem with debt based currency is that it exists primarily to make money on money(interest). Debt based systems require scarcity -- debt free allocates resources to those who need them for real activities- money becomes a means of facilitation.
TruthInjector 2 months ago
@TruthInjector who are you referring to? James Livingston? I don't see any article on that
Nuby29 2 months ago
The Austrian school makes good sense within the framework of the private central banks and their debt-based private currency. If we replace it with a government produced debt free currency everything changes. 9/11 was a conspiracy and the effort to force the replacement of the US $ is part of the decades long effort to usurp Western power and democracy. The fact is free-market works if it is free-- the oil market is a scam and if we cannot bust up the scam we should have price controls.
TruthInjector 2 months ago
Good job, Peter.
JRCrowley 2 months ago
How to Economically Prepare for the Upcoming HAARP Disasters Australia in November 2010-October 2011 half way though the video he says that there will be hyper inflation
AIMANALI 2 months ago
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amazingautosystem.weebly.com - earn money here!
MultiAhka 2 months ago
PETER SCHIFF SHOULD INVITE LYNDON LAROUCHE AND BILL STILL TO ONCE AND FOR ALL LET THE PEOPLE KNOW HOW THE REAL ECONOMY WORKS. GOLD IS JUST ANOTHER FORM OF CONTROL. CHECK LYNDON LAROUCHES WEBSITE AND CHECK BILL STILL'S THE SECRET OF THE WIZARD OF OZ.
rvrola 2 months ago
He DID SAY that we will probably not make it till 2012. He acts like the European crisis is something is out of the ordinary, strange phenomena that threw his prediction off......that is not true. Europe would have gone into crisis before USA - that is what happens in economic crisis (the weaker or smaller economies go down first).
Peter Schiff talks a good talk and makes a lot of sense BUT he should be analyzed just like anyone else.
AIMANALI 2 months ago
kinda like unemployment is only 8.7%!
PatricksTime 2 months ago
Robert Murphy called out Krugman like 2 years ago. Krugman won't do it.
dacrunkqb11 2 months ago
I lol'ed hard at 13:45.
Peter, you are the man!
jaymaxpax 2 months ago
My feeling is that Krugman is a Democrat first and an economist later.
bertly71 2 months ago
Peter Schiff has been saying $ will become worthless for a while now. it hasn't. i remember he used to say how there was a fire sale to sell $ a few years ago... what the??
funny thing... he used to boldly say that there will be very high price inflation. now he changes the tone to say the prices should be falling but they aren't... wtf?
pytube2007 2 months ago
@pytube2007 The dollar has gone down in value substantially, so what he said wasn't false, really. Unless things are changed, it will continue to go down.
Itugen88 2 months ago
@Itugen88 dollar has gone down in past few years? stop kidding yourself! it has hardly moved. not even close to what Peter has been predicting. let us be honest. he is not just way off in his predictions he is pretty much wrong.
pytube2007 2 months ago
@pytube2007 He under estimated the flight to safety of the US bonds and investors buying our T-bills. It is the one thing he is off on, but far from inaccurate. The other is that China will de-lever and stop buying our debt. I don't see that happening, but Peter Schiff is so right on everything else.
Nuby29 2 months ago
@Nuby29 China is in a whole bunch of trouble
quinnrasta 2 months ago
Just invest your money in cat food
drudometkin 2 months ago
@drudometkin
you're going to sell catfood to district 9 aliens?
ApocDevTeam 2 months ago
Krugman is a moron!
DreadeddLion 2 months ago 10
Let it come down- please! I will buy what I can. Who knows how long this will continue but I will say that rich people own gold. People who think they aren't middle class but really are don't buy gold. In the words of a gold deal I don'tv like- but is savy- What do we do when the price of gold goes down? We buy more.
LibertyandEconomics 2 months ago
Does not take a genious to understand that precious medals will always increase in value. Just look at history shows that the cost of gold only goes up.
falchard 2 months ago
Fk yea, intellectual debate on economics.
The stuff he is talking about is IMO the most important issue in the world right now. This and the Kardashian wedding fiasco obviously.
CamsLiveVideo 2 months ago 2
Peter, also listen to the Benjamin Fulford response to the David Wilcock interview. He is the one involved with the trillion dollar gold lawsuit.
h t t p : / / w w w . youtube . com / watch ? v = zT4GGIp0YeQ&feature=related
this is why gold is moving the way it is.
godseyeview 2 months ago
Whether Krugman is right or wrong, he owes the public a debate in return for all those taxppayer academic grants he got over the years.
TiaSaysSo 2 months ago 4
This reminded me of a quote by Ralph Waldo Emerson - Never mind the ridicule, never mind the defeat: up again, old heart! -- there is victory yet for all justice
MotesTV 2 months ago
Peter, the reason why gold is down is becuase David WIlcock exposed the stash of hidden gold held by the Rothschilds . which is upwards of 200 million tons, at the current spot price that would be 100 million trillion dollars worth. That exposure is why gold is dropping.
the interview on project Camelot because Illuminati threaten his life because of it.below.
h t t p : // w w w . youtube . com / watch ? v = Wcy0X5w3KwU
Look up trillion dollar gold lawsuit also.
godseyeview 2 months ago 2
Peter Schiff is the greatest
tlbodine 2 months ago
Peter, Maybe it would be a good idea to run an ad in the NYT challenging Krugman to a debate. Perhaps, you can request a money bomb from your supporters for the funds to make the ad significant.
libertythug 2 months ago
Back before I got married to her, I gave my wife a KrugerRand. She was pretty impressed. Chicks do like gold.
ElNeedle 2 months ago
Peter, I think a win-win strategy for you is to