Don't worry China doesn't want to crash the US economy yet. They still have to transfer their dollar debts to Gold and Silver. Then they will allow the Government and the Federal reserve to destroy America with QE3 and QE4.
Register to win 1oz gold liberty or 1oz silver buffalo! No obligation and no catch! Click on my user name to watch videos or visit buysilvernow dot info. Good luck!
S&P was 888 when this video was made. It closed at 1,304.28 today. 46% appreciation. The dollar was 106 on the fed dollar index. Today it is 98, a meager 7.5% decline in the dollar. Everything he said was wrong. He has one song and that's doomsday is near. The only reason he called the financial crisis some what correctly is because he is always calling a financial crisis. He is a perpetual bear and sometimes there is a bear market so you get to be correct occasionally.
Hilarious! The US runs China, they need us? True they will need you very soon to run the assembly line making walmart toys for Chinese children. The US has no resources, a lazy, self rightous workforce and their only hope is a tsunami wipes out both coasts, and start over. China owns the US and is running your policy, your all living under communist rule.
@gjrobe Are you kidding me? The citizens of the U.S are NOT lazy, they are IGNORANT. These people WORK THEIR ASSES off for that little wage they get. Sadly, as much as they work for that money, they turn RIGHT AROUND and lose it because of their ignorance. I should know, i live in the U.S and im tired as shit cause of work and i think i may be developing back problems. And i don't even have a fulltime job.
@crackerkiller89 , You are right one one hand. The minority and immagrant population of the states are some of the harder workers in that country. But ignorance does place them one step above the illegal mexicans who will work twice as hard for half the pay. Working harder will only get you into a deeper hole, i dont profess to know what craziness IS going to happen soon. What I do know is the unemployment is really about 45% and there are 30 million Graduating students, 180bil debt and no jobs!
GOOD for him he dint get too far in politics, because he WOULD NOT REALY BE FREE to do and to say what he was saying for years now. he is a GENIUS too damn over qualified for his job.
@amcanmike Your paying your mortgage with your credit cards. You malls are full because of borrowed money backed by nothing. India has nothing to lose america does that is difference your analogy is a poor one
@amcanmike Are you blind to the reality of what is going on around you??? The banks have failed capitalism and free markets are not being aloud to do their thing governments are stepping in and printing money out of thin air pumping it in to the economy bailing out the financial sector because their credit policies didnt work without anything to give it value so the only way it can gain value is by stripping value off the currency already in existence. America doesn't produce anything in house !
@amcanmike What are you basing that on i am not saying America is going to turn in to a third world country when the British empire fell we didn't turn in to a third world country but we went in to relative decline we had to re-find our position in the world this is what faces America. Your financial system has failed and corrupt. This is where Americas youth and lack of experience in terms of serious hard times is really gonna bite you in the arse its what it will do to your nations psyche
@amcanmikewow very substantive nothing fills you with more confidence than a baseless frankly ill informed delusional boast. 10 years ago i would have agreed but times are changing your running a 1 trillion dollar a year deficit payed for by china all they have to do is call in the debt and you're fucked its really as simple as that. But you keep printing money backed by nothing devaluing your currency china will pull the plug sooner or later. Your owned by china
You mean Germerica?? You fools, didnt even see it comming.. Everyone warned you, you balked and laughed and spewed terms like "conspiracy theorist" "nut jobs" "crazy canuck" but, at the end of the day, who was right? NOT YOU FUCING DRONES, THATS FOR SURE!!!!
So, how fine is Germerica going to be when your flag is gone, your borders are gone, your dollar is gone.?What will you have to identify yourself as Americans? What will you direct patriotism at?
@amcanmike "you are wrong 88% of people pay there credit on time we have always used cridit to buy houses and it works fine."
LMAO, you know, the funny thing is, im sure the same thing was said back in 1929 before the GREAT DEPRESSION. I fear, (and i hope to whatever higher power exists, if there is any, that we dont go through it) that we will be in the same situation probably within the next decade. Im not talking about a recession or depression, im talking about a second GREAT depression.
@amcanmike Really? How did Americans get that BIG HOUSE, that BIG CAR, where does that money come to spend in those malls? Is it.................. CREDIT????????? (a mortage is credit, so is a car loan, so is a CREDIT card)
So? Any response? What "service" do you provide in your "service" based economy? It sure isnt a Financial based economy now that Zionist Jews operating from Germany have GOBBLED up the NYSE! LMFAO!!!
I was wondering what that "FOR SALE" sign on the USA meant.. NOW I GET IT
@407buddy I do not intend to prove anything, I am just saying do not be too sure about what you say because humans are weak and open to manupilation. What humans call God is beyond the scope of science. I do not claim a God exists or not, I am however open to that possibilty. If you do not believe in a God that's normal, I think it is also normal for people to want to believe in something greater than themselves, as long as they respect others' desire not to believe in what they believe.
@407buddy You have just provided the solution to the world's problems. However you cannot prove or disprove the existence of such a being. viruses of all types exist whether you see them or not, just because a few greedy men have made the concept of a higher intelligence(GOD) in their own image does not mean that entity does not exist. How do you know you are even real, science has proven our bodies function like machines.
It's the Jews in the Federal Reserve, on Wall Street and in our government that have caused this disaster, and they are the ones who planned it, they are the ones who will get even richer from it. The American people need to wake up to the fact that the majority of the Jews in this country and Israel, are not our friends. They are not working to strengthen America, they are traitors working to make Israel strong enough to deal with anyone, including America. Nothing but TRAITORS!
"I can't believe Peter lost to Linda McMahon, what is wrong with voters?"
Most voters are just too stupid I guess otherwise we wouldn't be in this mess in the first place; Ron Paul has been warning America for DECADES, Schiff was also his economic advisor on his 2008 Presidential Campaign but people're just too stupid to vote in good people because honest politicians say the truth & don't offer "free" gov "social services" & all that because they know that NOTHING is "free".
You really want to dump this on stupid voters? Schiff couldn't even beat McMahon in the primary. This is why the Republican party is a fucking failure filled with closet liberals.
@ihaveaverybadcold I was simply correcting the spelling in hopes you would remember how to spell it for future reference. So the significance of your comment wouldn't be overshadowed by your lack of proper grammar. If you want to go in-depth however I can point out numerous errors with your last and previous comment. What might I ask is ridiculous, and what is it just as ridiculous as?
Peter Schiff, thank you for your commen sense and honesty. People like you and Glenn Beck have commen sense. I wish you would have won the Senate race. I thought you would have been an excellent Senator, but I guess you have too much commen sense and you are too honest. LOL.
The whole consumer economy exists without regard for the natural world. So many people are going to die when Costco and 7-11 run out of food; people have no idea how to live. Consumer goods are worthless when fat people can't even walk 10 miles to fish for food in bodies of water that are utterly polluted.
they'll never downgrade the debt because people pay these rating agencies to rate their standing, and so s & p and moody's would never let a big customer like the USA go by giving them a shitty rating.
The US debt shouldn't be AAA now SP, Moodys, Dow Jones, are just as corrupt, as the rest of WS. These guys rated toxic mortage bonds as AAA enough said.
I don't know that the effect of mandating vacation time will be to cut salaries. It's not as if employers are already paying employees everything they can afford to. Rather, they pay them as little as they think they can get away with. Employers won't cut salaries unless their employees will stand for it. It's not a good way to keep top talent.
@baigandine Yeah, right. Profits for whom? Employment for whom? Not the US middle class private sector, the mainstay of US tax revenue and capital. The government figures are all cooked, dig a little deeper.
On the last point about increased wages, productivity over the last 40 years has increased while real wages have stagnated or declined. Could you not legislate a wage increase with a minimum wage rise? Or perhaps a staggered percentage wage rise (that tapers out above a certain wage)
He makes some very good points and I'm not trying to tarnish, but consider that it's one year later and the sovereign debt crisis (perceivably) is upon us. It has caused a massive decline in markets, not just in the US but all around the world. In the past weeks we have seen a decline in global markets but a rise in the dollar. As yet the prediction has not come true, but of course one should not count all chickens before they hatch.
I hope you go to church every Sunday Peter. or you wont get elected. lol Americans dont care about what you know. They just want to see you in church.
Anybody notice that while at this douchebag touts economic catastrophy, he is selling ad space for gold. Do you think he is profiting from your misery? Wow. When are you stupid asses going to wake up?
Whats wrong with Common sense, PickledBi11? He isnt stupid like the wall-streey morons who are investing in insolvent service-sector, liquidity-suckling securities. He knows what is going on, and is investing his money accordingly. Why don't you argue objective fact with something more than ad hominem attacks? You don't know the first thing about economics, PickledBi11.
@LordAgonis I guess you are right. I should be like you mindless sheep who invest in the next big thing like beanie babies, house flipping or gold. You are just a bunch of sheep to be sheared.
If you print a hundred thousand dollars to pay off a hundred thousand dollar debt, the decline in value of the one hundred thousand you are paying back will be marginal.
Draw close to the lord and he will draw close to you. James 4:8 this works spread His word bow down hands and knees and praise, He will be there with you trust Him
how in the hell can we trust anyone anymore i mean politicians are all out for the vote now this guy is talking out to us like your going to get our vote for speaking what we speak WE CANT TRUST YOU
tyx91101 is right. but I think that eventually there will be a war unfortunately. When the dollar collapses a new monetary policy will be established and a new currency will be adopted. I'm pretty sure that "in God (Jesus Christ) we trust" will be eliminated from our new currency. I believe that it will spark a civil war. :( the founders didnt think democracy would last 25 yrs let alone 250 years. Good things must come to an end and the American people have gotten WAAAY to complacent.
Yes, very complacent. In fact i doubt there will ever be a civil war. Anyone who still works for a living will be paying 90% of their income to the Gov and favored corporations. Soon nobody would have incentive to work. New laws will put people in jail who quit working. Those who get the "medical info" chip implant will get food & shelter. Starvation for disidents. What a great movie script!
The 2009 stock market rally is a technical event. A reaction to a severe selloff. A dead cat bounce. The next leg down will dispell all notions of recovery. You will KNOW what a mess we're now in. And maybe just maybe you'll stop electing Democrats and Republicans.
What PS does so well is explain the obvious to the public so well... and has proven he is right. Im not from the US but if this guy doesnt get elected then its your lose. I wish we had somebody in the UK speaking as much truth as PS then a vote would really count here.
Do you think that maybe the architects of our current situation want our dollar to fail in order to usher in the North American Union, and the Amero? IDK.
I do not want our dollar to fail but would welcome a change from our fractional banking system to some other type of system that is based on capital rather than debt. With controls to prevent the economic split we now have between the ultra rich and those that can,t even afford to see a doctor.
How is a huge exporter like China going to remain "untouched" while the world's largest consumption based economy collapses? You don't honestly think that Japan and South Korea would just immediately take up the load?
China is an economy based on cheap labor for foreign investment. You can't expect China to change from an exporting country that doesn't pay for it's own citizens basic education, to a society based on materialistic consumption.
In the eastern metropolises, or what economists refer to as China A, yes. China B, or rural China, is greatly underdeveloped and is not getting any better.
I got it!!!! let's just use pretty rocks to buy and sell!!!! Technically the average rock IS worth more than the 4cent dollar in inherent minerals within the rock.
I think GM and the government were in kahoots during the recent SUV era.
Think about it: gas guzzler = higher excise tax revenue.
Dude, I was with you all the way till you mentioned cars. Then my eyes got wide and I remembered PLUG .73, the recent allocation of fuel cells from the DOD 6/26/09 to Fort Lewis, the first of many bases, and the fact that I used to sell for Honda and the fact that they aren't giving cars away. I think you're missing something here.
Another thing I find disturbing is,.....Senior Citizens. They are going to get left behind with Hyper Inflation left to the whim of the PlayStation Generation. I haven't heard Obama say too much about that? Hmm..,,,,.......
Peter, the word is that you are having a fed debate at Fordham U next week and also appearing on Glenn Beck the same day. Are you attending both or one of the above?
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The Dollar index is absolutely crashing and hyperinflation will soon arrive and wipe out the wealth of everybody who doesn't prepare now. Read the articles and signup for the free newsletter at: Inflation . us
You are right,however I have to admit everything has held up alot better and stronger than I thought it would.. I think if the media is willing to mislead the people and the people are not smart enough to know how bad it really is,we may bounce around and maybe even higher until it is so bad the Fed or the media can not hide it anymore.Bear went under and then the market recovered until Lehman then it was still ignored up until we started getting 5 a day announcing massive losses coming
well I know what to do and it is the opposite of what Obama is trying to do. Its not that hard to read a book and research in order to figure out how to solve these problems...but like i said before...people are oblivious and they don't care...b/c they are worried about shit that is irrelevant to REAL problems...like watching charm school or listening to the fear mongering on TV brought by the biased media. tell those people who dont know what to do to listen to Peter Schiff or Ron Paul
Again, I disagree. I think solving these problems are very difficult. As for people being oblivious, not so. Most get up and go to work everyday, pay their mortgages, depend on the school system to keep their children safe, pay their bills, put food on the table, pay their taxes, share some time with their communities through volunteer work, keep medicine in the cabinet, fill their car with gas, see the loses in their 401k's, go to bed at night with the same worries & fears you have.
Here's the sensible quick easy fix of these "difficult problems" - demand all the politicians who robbed those hardworking American citizens (the minority) be thrown out of office and elect real politicians. (this theory is being considered as Constitutional and American...RUTH) But the ignorant and oblivious (the majority) believe these politicians are out to help us by saying they need to tax and raise prices to save ourselves; this makes everything worse - its economics; inflation; SOCIALISM
Sensible, yes. Quick & easy, no. Most Americans are hard working & not ignorant. Allow me to direct you to a new movement which started yesterday, American Federationists. We hope to restore America to its Constitutional roots. It will be a third party and we will make it work, cause it will be organized by some of those hard working Americans. I will email you the link. Check it out.
same thing happen during the 30s in Germany. The mass followed their leader, back then Hitler. Not to compare Hitler with Obama, but it boils down to the same thing. Most people are incapable of thinking for themselves, especially here in America. They don t know how it can be, and they don t want to know either.
It is not that most people in America are incapable of thinking for themselves, but rather they are inexperienced in dealing with unstable situations. This country has not seen instability since the 60's. Only with the recent events of 911, Katrina, & now economic chaos have we experienced such dynamics. Americans do not understand a real crises and the hope is we will return to a normal equilibrium. My fear is our hope will override the emergency things we should do & then fear overrides hope.
I agree Peter - yesterday I also noted the cross board sell off of dollar assets. Shorting long term US treasuries again might be a good idea going forward. The $100b of announced $300b fed treasury buying so far seems to have had only a limited affect. They'd have to buy a huge amount more to offset the increasing lack of foreign purchasers going forward.
Why are people investing in the Euro? Isn't the euro on the verge of collapse as Italy, Ireland, Portugal and Greece struggle to pay their debts back? The Euro is simply too high for these countries and is affecting their exports. The Euro will collapse sooner or later
"Once the market has been pushed off track, it is very difficult to put it back on track again. " Especially if you block the corrective mechanisms with regulation.
The FREE MARKET must be exactly that, FREE (from SELF-ISH MANIPULATION).
There is a FINE LINE.
As soon as there is interference (SELF-ISH MANIPULATION) and the market changes direction, there must soon be another MANIPULATION to attempt to put it back on track.
Each attempted correction crossing the line, to the other side.
Once the market has been pushed off track, it is very difficult to put it back on track again.
The SWINGS becoming ever greater, and more violent in nature.
Everyone spread these names around!! copy,paste,and post!:
Peter Schiff, Ron Paul, Rand Paul, RJ Harris, Judge Andrew Napolitano, Lew Rockwell, Bob Chapman, Jesse Ventura, Jim Rogers, Leap2020, Daniel Hannan, Bruce Fein, Yaron Brook, Adam Kokesh, Gerald Celente, Alex Jones, Jon Lebed, manoftruth, visionvictory, george4title, inflation(dot)us, mises(dot)org
I saw an interview with Jesse the Body the other day and he had nothing but praises about Obama and his policies. I lost nearly all respect for him and his rantings, I like the rest of your list though
Peter Schiff, Ron Paul, Rand Paul, RJ Harris, Judge Andrew Napolitano, Lew Rockwell, Bob Chapman, Jesse Ventura, Jim Rogers, Leap2020, Daniel Hannan, Bruce Fein, Yaron Brook, Adam Kokesh, Gerald Celente, Alex Jones, Jon Lebed, manoftruth, visionvictory, george4title, inflation(dot)us, mises(dot)org and Michael Savage
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With the dollar crashing, hyperinflation will arrive quickly. Listen to Peter and prepare before it is too late. Read the articles and signup for the free newsletter at: Inflation . us
you damn lier. Inflation(dot)us is a scam website run by that snake George4Title and his fraudster buddy Jon Lebed. It has nothing to do with Peter Schiff. Everyone...if you want to lose your money and get fake scam advice, go to inflation(dot)us.
Gov wants dollar to fall, protectionism without tarrifs. Wants to create massive inflation to to manage the debt without appearance of taxation or cutting services. This is their PLAN.
its really tough to tell. all the intellectuals i listen to (peter schiff, tom woods, lew rockwell, roy shivers) all explain why the meltdown is not intentional or under control on their part.
on the other hand, everything i know about how government works makes me think it is just another scheme for them to profit at our expense.
ive settled on believing that while they didnt force the collapse intentionally, they are still doing everything possible to use it to their advantage.
i'm not sure they knew the melt down was coming, but the dollar was in free fall prior to the melt down (then everyone rushed to the dollar for supposed safety), and the Gov was gorging itself on cap gains reaped from unbelievable inflation in the markets and housing -
Exactly. Peter even covers the reason for this in his book extensively - the Government is purposely depressing real CPI and has been for a decade and a half. Social Security benefits are paid with CPI-adjusted increases, so if you have low CPI and hyperinflation, the politicians can get away with not 'cutting benefits' while not raising base tax rates over 60%. It's, of course, a cut in benefits, but done in the same sneaky way that inflation is a hidden (and regressive) tax.
Only ~86K views in 2 years. Sad!
ninadrsa 1 month ago
@ninadrsa Yeah, in US retards get all the attention, people who have something useful to say are ignored. Very sad indeed.
TWSceptic 1 month ago
wow. what a prophet! US lost their credit 2 years after!
larsiemannen 5 months ago
In the USA the people do not vote for a president, the electoral college does. This is a republic, it is not now nor never has been, a democracy.
archeoastronomer 5 months ago
wow he said all this in 2009. Oh my God.. everything he said is verified today.
Papiforlife 5 months ago 2
Wow- Peter nailed it over 2 years ago. S&P was even the one to downgrade and now they get it? Well, at least more than Moody's.
Bobbertsandy 5 months ago
I make money investing by marketing and then buy silver bullion with my profits
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moneyosa 7 months ago
Check out my GOT SILVER? shirts on ebay!!!
GotSilver100 8 months ago
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jelenasdiamond 8 months ago
Does this mean the end of the world is May 21 2011?
anzwertree 8 months ago
Isn't that socialist attitude what broke the USSR's system?
radiohead4737 8 months ago
04-20-2011 U.S. credit has been downgraded,G&S is higher than ever. Peter Schiff was right, yet again.
firestrings272 9 months ago 5
@ericDouglace
Don't worry China doesn't want to crash the US economy yet. They still have to transfer their dollar debts to Gold and Silver. Then they will allow the Government and the Federal reserve to destroy America with QE3 and QE4.
deadbutmoving 10 months ago 2
Register to win 1oz gold liberty or 1oz silver buffalo! No obligation and no catch! Click on my user name to watch videos or visit buysilvernow dot info. Good luck!
scillowillow 10 months ago
S&P was 888 when this video was made. It closed at 1,304.28 today. 46% appreciation. The dollar was 106 on the fed dollar index. Today it is 98, a meager 7.5% decline in the dollar. Everything he said was wrong. He has one song and that's doomsday is near. The only reason he called the financial crisis some what correctly is because he is always calling a financial crisis. He is a perpetual bear and sometimes there is a bear market so you get to be correct occasionally.
deathrowjoeblog 10 months ago
@deathrowjoeblog
So, now it is been 2 years and two months since Peter Schiff posted this video in May 2009.
And WHAT SONG are you humming these day?
Please do share.
energyfinance 6 months ago
china owns us
we'll be working for them
drmmer101 11 months ago
@drmmer101
your kids will...not you
jismjacket 10 months ago
Hilarious! The US runs China, they need us? True they will need you very soon to run the assembly line making walmart toys for Chinese children. The US has no resources, a lazy, self rightous workforce and their only hope is a tsunami wipes out both coasts, and start over. China owns the US and is running your policy, your all living under communist rule.
gjrobe 11 months ago
@gjrobe so true :(
drmmer101 11 months ago
@gjrobe Are you kidding me? The citizens of the U.S are NOT lazy, they are IGNORANT. These people WORK THEIR ASSES off for that little wage they get. Sadly, as much as they work for that money, they turn RIGHT AROUND and lose it because of their ignorance. I should know, i live in the U.S and im tired as shit cause of work and i think i may be developing back problems. And i don't even have a fulltime job.
crackerkiller89 10 months ago
@crackerkiller89 , You are right one one hand. The minority and immagrant population of the states are some of the harder workers in that country. But ignorance does place them one step above the illegal mexicans who will work twice as hard for half the pay. Working harder will only get you into a deeper hole, i dont profess to know what craziness IS going to happen soon. What I do know is the unemployment is really about 45% and there are 30 million Graduating students, 180bil debt and no jobs!
gjrobe 10 months ago
GOOD for him he dint get too far in politics, because he WOULD NOT REALY BE FREE to do and to say what he was saying for years now. he is a GENIUS too damn over qualified for his job.
tk291100 1 year ago
Peter favored increase taxes at 3:50. Later of course be came against them.
anana88 1 year ago
AMERICA IS FINE AND VOTERS DO NOT WANT DOOM AND GLOOM PEOPLE RUNNING FOR OFFICE. MOST AMERICANS ARE DOING GREAT AND WANT POSITIVE THINKERS.
amcanmike 1 year ago
@amcanmike most americans are NOT doing great. WTF?! Where do you live man?
Digali 1 year ago
@Digali MOST AMERICANS ARE DOING GOOD LOOK AROUND BIG HOMES,BIG CARS,MALLS FULL TAKE A TRIP TO INDIA SOME TIME.
amcanmike 1 year ago
@amcanmike Your paying your mortgage with your credit cards. You malls are full because of borrowed money backed by nothing. India has nothing to lose america does that is difference your analogy is a poor one
FCMillwall81 1 year ago
@FCMillwall81 you are wrong 88% of people pay there credit on time we have always used cridit to buy houses and it works fine.
amcanmike 1 year ago
@amcanmike Are you blind to the reality of what is going on around you??? The banks have failed capitalism and free markets are not being aloud to do their thing governments are stepping in and printing money out of thin air pumping it in to the economy bailing out the financial sector because their credit policies didnt work without anything to give it value so the only way it can gain value is by stripping value off the currency already in existence. America doesn't produce anything in house !
FCMillwall81 1 year ago
@FCMillwall81 its all good america will be fine
amcanmike 1 year ago
@amcanmike What are you basing that on i am not saying America is going to turn in to a third world country when the British empire fell we didn't turn in to a third world country but we went in to relative decline we had to re-find our position in the world this is what faces America. Your financial system has failed and corrupt. This is where Americas youth and lack of experience in terms of serious hard times is really gonna bite you in the arse its what it will do to your nations psyche
FCMillwall81 1 year ago
@FCMillwall81 im basing it on the fact america makes the rules ,they run the show
amcanmike 1 year ago
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FCMillwall81 1 year ago
@amcanmikewow very substantive nothing fills you with more confidence than a baseless frankly ill informed delusional boast. 10 years ago i would have agreed but times are changing your running a 1 trillion dollar a year deficit payed for by china all they have to do is call in the debt and you're fucked its really as simple as that. But you keep printing money backed by nothing devaluing your currency china will pull the plug sooner or later. Your owned by china
FCMillwall81 1 year ago
@FCMillwall81 we run china they need us
amcanmike 1 year ago
@amcanmike lol ok
FCMillwall81 1 year ago
@FCMillwall81 HEY IM NOT CRAZY OK, I JUST KNOW A SECRET, THATS ALL I CAN SAY, THANKS
amcanmike 1 year ago
You mean Germerica?? You fools, didnt even see it comming.. Everyone warned you, you balked and laughed and spewed terms like "conspiracy theorist" "nut jobs" "crazy canuck" but, at the end of the day, who was right? NOT YOU FUCING DRONES, THATS FOR SURE!!!!
So, how fine is Germerica going to be when your flag is gone, your borders are gone, your dollar is gone.?What will you have to identify yourself as Americans? What will you direct patriotism at?
Oh let me guess, CONSPIRACY THEORIST! HAHA!
mattmatt115 11 months ago
@amcanmike Youre an intelligent person
tomas6262 1 year ago
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@amcanmike "you are wrong 88% of people pay there credit on time we have always used cridit to buy houses and it works fine."
LMAO, you know, the funny thing is, im sure the same thing was said back in 1929 before the GREAT DEPRESSION. I fear, (and i hope to whatever higher power exists, if there is any, that we dont go through it) that we will be in the same situation probably within the next decade. Im not talking about a recession or depression, im talking about a second GREAT depression.
crackerkiller89 10 months ago
@amcanmike Really? How did Americans get that BIG HOUSE, that BIG CAR, where does that money come to spend in those malls? Is it.................. CREDIT????????? (a mortage is credit, so is a car loan, so is a CREDIT card)
So? Any response? What "service" do you provide in your "service" based economy? It sure isnt a Financial based economy now that Zionist Jews operating from Germany have GOBBLED up the NYSE! LMFAO!!!
I was wondering what that "FOR SALE" sign on the USA meant.. NOW I GET IT
mattmatt115 11 months ago
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@amcanmike
"AMERICA IS FINE AND VOTERS DO NOT WANT DOOM AND GLOOM PEOPLE RUNNING FOR OFFICE. MOST AMERICANS ARE DOING GREAT AND WANT POSITIVE THINKERS"
Yup, truth hurts so lets keep our eyes shut & hope that everything just works out somehow, fantastic strategy you have there.
lomocan 1 year ago
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BeyondNeptune 1 year ago
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BeyondNeptune 1 year ago
He was a year and 9 months early.... we are ripe for a collapse NOW!
adarkblond 1 year ago
End the Fed. Bye Bye goldenbaumstein!
odinismforus 1 year ago
@odinismforus Ye Ron Paul
PrimeMinisterPawlak 1 year ago
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Hey I know someone that can maybe give you some answers! Check him out at wwwhampghcom
stopmyforeclosure101 1 year ago
@407buddy I do not intend to prove anything, I am just saying do not be too sure about what you say because humans are weak and open to manupilation. What humans call God is beyond the scope of science. I do not claim a God exists or not, I am however open to that possibilty. If you do not believe in a God that's normal, I think it is also normal for people to want to believe in something greater than themselves, as long as they respect others' desire not to believe in what they believe.
fixrifex 1 year ago
@407buddy You have just provided the solution to the world's problems. However you cannot prove or disprove the existence of such a being. viruses of all types exist whether you see them or not, just because a few greedy men have made the concept of a higher intelligence(GOD) in their own image does not mean that entity does not exist. How do you know you are even real, science has proven our bodies function like machines.
fixrifex 1 year ago
Peter Schiff for President! Kick the present bum out of the White House and any Republican alternative.
petersz98 1 year ago
Peter Schiff your giving me an ulser!!!!!!!!!!!!! I feel I am at the mercy of the ignorant masses of the U.S. Is there a happy ending.
Lazybate 1 year ago
very informative
simplemanliving 1 year ago
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It's the Jews in the Federal Reserve, on Wall Street and in our government that have caused this disaster, and they are the ones who planned it, they are the ones who will get even richer from it. The American people need to wake up to the fact that the majority of the Jews in this country and Israel, are not our friends. They are not working to strengthen America, they are traitors working to make Israel strong enough to deal with anyone, including America. Nothing but TRAITORS!
USStateSponTerrorism 1 year ago
Schiffmeister strikes again.
wikichris 1 year ago
I can't believe Peter lost to Linda McMahon, what is wrong with voters?!!!!
fukimotoz 1 year ago 2
@fukimotoz
"I can't believe Peter lost to Linda McMahon, what is wrong with voters?"
Most voters are just too stupid I guess otherwise we wouldn't be in this mess in the first place; Ron Paul has been warning America for DECADES, Schiff was also his economic advisor on his 2008 Presidential Campaign but people're just too stupid to vote in good people because honest politicians say the truth & don't offer "free" gov "social services" & all that because they know that NOTHING is "free".
lomocan 1 year ago 28
@lomocan
You really want to dump this on stupid voters? Schiff couldn't even beat McMahon in the primary. This is why the Republican party is a fucking failure filled with closet liberals.
TrojanMike60 1 year ago
@lomocan Amen
gunjabeans 1 month ago
Very insightful Mr. Schiff.
RandallSteen 1 year ago
Peter for president !
vsnips 1 year ago
Peter Schiff is great!
TheBlitz1 1 year ago
dude i know your a genious and everything...but umm...TURN YOUR VOLUME UP hahaha...sorry....but...for real please turn it up thx
ihaveaverybadcold 1 year ago
@ihaveaverybadcold sounds fine to me, maybe turn up YOUR volume - for real
TheBlitz1 1 year ago
@ihaveaverybadcold Genius is a bad word to misspell
ImprettysureImright 1 year ago
@ImprettysureImright you forgot to put a period at the end of you sentence.....and yes it is just as ridiculous but whatever
ihaveaverybadcold 1 year ago
@ihaveaverybadcold I was simply correcting the spelling in hopes you would remember how to spell it for future reference. So the significance of your comment wouldn't be overshadowed by your lack of proper grammar. If you want to go in-depth however I can point out numerous errors with your last and previous comment. What might I ask is ridiculous, and what is it just as ridiculous as?
ImprettysureImright 1 year ago
@ImprettysureImright dam...i mean is it really this serious....
ihaveaverybadcold 1 year ago
@ihaveaverybadcold Your right.
ImprettysureImright 1 year ago
Peter Schiff, thank you for your commen sense and honesty. People like you and Glenn Beck have commen sense. I wish you would have won the Senate race. I thought you would have been an excellent Senator, but I guess you have too much commen sense and you are too honest. LOL.
APZH09 1 year ago
Comment removed
ihaveaverybadcold 1 year ago
The whole consumer economy exists without regard for the natural world. So many people are going to die when Costco and 7-11 run out of food; people have no idea how to live. Consumer goods are worthless when fat people can't even walk 10 miles to fish for food in bodies of water that are utterly polluted.
Shelbzism 1 year ago
OMG what king of freaked out singularity, of a black whole, M theory, parallel existence am i living in?
ruapria 1 year ago
What the king wants the captains will provide and we do not mean shit.
jobedied 1 year ago
@407buddy you brought it up first.
HandyMan101 1 year ago
@407buddy do the world of favor and leave your atheist bullshit out of your economic comments.
HandyMan101 1 year ago
they'll never downgrade the debt because people pay these rating agencies to rate their standing, and so s & p and moody's would never let a big customer like the USA go by giving them a shitty rating.
LordAgonis 1 year ago
END The FED
ihatemexico 1 year ago
The US debt shouldn't be AAA now SP, Moodys, Dow Jones, are just as corrupt, as the rest of WS. These guys rated toxic mortage bonds as AAA enough said.
LAMOE2012 1 year ago
Peter,
Please buy a LAPEL MICROPHONE and use it. You can find a quality lapel microphone at Radio Shack or Amazon.com.
bejaar 1 year ago
I don't know that the effect of mandating vacation time will be to cut salaries. It's not as if employers are already paying employees everything they can afford to. Rather, they pay them as little as they think they can get away with. Employers won't cut salaries unless their employees will stand for it. It's not a good way to keep top talent.
baigandine 1 year ago
Since China is protectionist, we need to be protectionist to compete. In a perfect world, they would play fair and so could we.
baigandine 1 year ago
Profits are up. Employment is up.
baigandine 1 year ago
@baigandine Yeah, right. Profits for whom? Employment for whom? Not the US middle class private sector, the mainstay of US tax revenue and capital. The government figures are all cooked, dig a little deeper.
pretorious700 1 year ago
On the last point about increased wages, productivity over the last 40 years has increased while real wages have stagnated or declined. Could you not legislate a wage increase with a minimum wage rise? Or perhaps a staggered percentage wage rise (that tapers out above a certain wage)
leiwy 1 year ago
He makes some very good points and I'm not trying to tarnish, but consider that it's one year later and the sovereign debt crisis (perceivably) is upon us. It has caused a massive decline in markets, not just in the US but all around the world. In the past weeks we have seen a decline in global markets but a rise in the dollar. As yet the prediction has not come true, but of course one should not count all chickens before they hatch.
getnbusy2nite 1 year ago
I hope you go to church every Sunday Peter. or you wont get elected. lol Americans dont care about what you know. They just want to see you in church.
Nevawake 1 year ago
Whatever, little dude.
Gdkohlman 1 year ago
Anybody notice that while at this douchebag touts economic catastrophy, he is selling ad space for gold. Do you think he is profiting from your misery? Wow. When are you stupid asses going to wake up?
PickledBi11 1 year ago
@PickledBi11
Whats wrong with Common sense, PickledBi11? He isnt stupid like the wall-streey morons who are investing in insolvent service-sector, liquidity-suckling securities. He knows what is going on, and is investing his money accordingly. Why don't you argue objective fact with something more than ad hominem attacks? You don't know the first thing about economics, PickledBi11.
LordAgonis 1 year ago
@LordAgonis I guess you are right. I should be like you mindless sheep who invest in the next big thing like beanie babies, house flipping or gold. You are just a bunch of sheep to be sheared.
PickledBi11 1 year ago
@PickledBi11 - what would you suggest we invest in - I can hardly wait for your sage advice.
dskillz1 1 year ago
Th employee would negotiate for a vacation...yea right !
nbrown1378 1 year ago
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Think about this.
Two investors........
One Has 5 Million Dollars in the Bank
One Has 5 Thousand in Precious Metals in His Closet
When the dollar crashes the investor with 5 Million will be broke, the Investor with 5 thousand in PM will be rich!
DeathOfTheDollar2010 2 years ago
If you print a hundred thousand dollars to pay off a hundred thousand dollar debt, the decline in value of the one hundred thousand you are paying back will be marginal.
baigandine 2 years ago
its not marginal when you do that a million times... or when you do it for a 3.6 trillion dollar debt...
wendy2212 2 years ago 7
credit ratings are really just opinions. That way rating agencies hide behind first amendment corporate rights.
revolutionnot 2 years ago
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Schiffty Pete is just another fearmongering RepubliCon politician.
AtlasShruggery 2 years ago
umm libertarian?
LLCoolPass 2 years ago
this man knows what is really going on.. very good information.. very few people get it and understand what is really happening. it is really scary..
tonytonytee 2 years ago
please clone peter schiff and send him to india. we really need someone to explain the obvious to the politicians and public. i am done trying.
cray0308 2 years ago
Draw close to the lord and he will draw close to you. James 4:8 this works spread His word bow down hands and knees and praise, He will be there with you trust Him
Time2Repent 2 years ago
I bow to no one
LordVigeous666999 2 years ago
how in the hell can we trust anyone anymore i mean politicians are all out for the vote now this guy is talking out to us like your going to get our vote for speaking what we speak WE CANT TRUST YOU
jjiggydoc 2 years ago
tyx91101 is right. but I think that eventually there will be a war unfortunately. When the dollar collapses a new monetary policy will be established and a new currency will be adopted. I'm pretty sure that "in God (Jesus Christ) we trust" will be eliminated from our new currency. I believe that it will spark a civil war. :( the founders didnt think democracy would last 25 yrs let alone 250 years. Good things must come to an end and the American people have gotten WAAAY to complacent.
ceylous3121 2 years ago
Yes, very complacent. In fact i doubt there will ever be a civil war. Anyone who still works for a living will be paying 90% of their income to the Gov and favored corporations. Soon nobody would have incentive to work. New laws will put people in jail who quit working. Those who get the "medical info" chip implant will get food & shelter. Starvation for disidents. What a great movie script!
Justprayfirst 2 years ago
The 2009 stock market rally is a technical event. A reaction to a severe selloff. A dead cat bounce. The next leg down will dispell all notions of recovery. You will KNOW what a mess we're now in. And maybe just maybe you'll stop electing Democrats and Republicans.
TYX91101 2 years ago 2
John Dennis money bomb Nov. 5th! Defeat Nancy Pelosi in CA 8!
thatmafiaguy 2 years ago
What PS does so well is explain the obvious to the public so well... and has proven he is right. Im not from the US but if this guy doesnt get elected then its your lose. I wish we had somebody in the UK speaking as much truth as PS then a vote would really count here.
tekkee1 2 years ago 35
You do though, yall have that guy who grilled Gordon Brown...what's that guys name?
jimsnider34 2 years ago
Daniel Hannon
rblevdawg 2 years ago
I watch House of Commons on CSPAN. PM Brown is speaking so much crap as are others.
Melville10 2 years ago
@tekkee1 You have Daniel Hannan!
ItsAllAboutGuitar 1 year ago
@tekkee1 daniel hannon is pretty good tho
dktoobs 1 year ago
Do you think that maybe the architects of our current situation want our dollar to fail in order to usher in the North American Union, and the Amero? IDK.
I do not want our dollar to fail but would welcome a change from our fractional banking system to some other type of system that is based on capital rather than debt. With controls to prevent the economic split we now have between the ultra rich and those that can,t even afford to see a doctor.
devildad1620 2 years ago
more like they are deluded about real world economics. Why would the NWO want to severely weaken its greatest asset in global domination?
Seano71 2 years ago
How is a huge exporter like China going to remain "untouched" while the world's largest consumption based economy collapses? You don't honestly think that Japan and South Korea would just immediately take up the load?
JimmyeDallas 2 years ago
Chinese will produce more for themselves
Seano71 2 years ago
China is an economy based on cheap labor for foreign investment. You can't expect China to change from an exporting country that doesn't pay for it's own citizens basic education, to a society based on materialistic consumption.
JimmyeDallas 2 years ago
its already happening, the middle class is increasing
Seano71 2 years ago
In the eastern metropolises, or what economists refer to as China A, yes. China B, or rural China, is greatly underdeveloped and is not getting any better.
JimmyeDallas 2 years ago
you know actual chinese people?
LLCoolPass 2 years ago
Best Vblog yet! Good work Peter!
smasila 2 years ago
I got it!!!! let's just use pretty rocks to buy and sell!!!! Technically the average rock IS worth more than the 4cent dollar in inherent minerals within the rock.
I think GM and the government were in kahoots during the recent SUV era.
Think about it: gas guzzler = higher excise tax revenue.
thanks for the vid!! 5*s
uturniaphobic 2 years ago
Dude, I was with you all the way till you mentioned cars. Then my eyes got wide and I remembered PLUG .73, the recent allocation of fuel cells from the DOD 6/26/09 to Fort Lewis, the first of many bases, and the fact that I used to sell for Honda and the fact that they aren't giving cars away. I think you're missing something here.
conquerorofbabylon 2 years ago
Has anyone told President Obama that The Road to Serfdom is NOT a "how to" book?
Gdkohlman 2 years ago 59
LOL! That's hilarious!!
tinfoilcap 2 years ago
@Gdkohlman cutely spoken, but the decline did not begin less than two years ago.
Elin48 1 year ago
Another thing I find disturbing is,.....Senior Citizens. They are going to get left behind with Hyper Inflation left to the whim of the PlayStation Generation. I haven't heard Obama say too much about that? Hmm..,,,,.......
Really? Hmm...,.........
lucasindustriesinc 2 years ago
actually more like the whim of the politicians and the "fed" as it is now.
manontheedge68 2 years ago
Car give away. Sounds like another Bubble Creation. Maybe the governemt can sell bubbles?
lucasindustriesinc 2 years ago 2
"The Fed is out there"
Just need xfiles theme song now....
cduval1234 2 years ago
US debt + Global economy = WWIII
Crisis, response, solution.
Zile77 2 years ago 4
A, B, C, baby i'm tellin' yer 1, 2, 3 baby
Economics 101, thanks again Peter
puppetjaw 2 years ago
Do we really know how much cash is in circulation? What are the indicators? Where do I look to see this number.
VisionQuest2012 2 years ago
Thanks for the insight... SO... what happens with the $ is worth 0? I don't even want to ponder...
ksplucker 2 years ago
Schiff, your popularity grows every day. KEEP UP THE GOOD WORK!
bajoverga 2 years ago 5
Peter, the word is that you are having a fed debate at Fordham U next week and also appearing on Glenn Beck the same day. Are you attending both or one of the above?
DolphinFilms 2 years ago 2
would like to see that
Qwertym4n 2 years ago
downgrade to hold lmao
matello18 2 years ago
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The Dollar index is absolutely crashing and hyperinflation will soon arrive and wipe out the wealth of everybody who doesn't prepare now. Read the articles and signup for the free newsletter at: Inflation . us
jckjti49 2 years ago
You are right,however I have to admit everything has held up alot better and stronger than I thought it would.. I think if the media is willing to mislead the people and the people are not smart enough to know how bad it really is,we may bounce around and maybe even higher until it is so bad the Fed or the media can not hide it anymore.Bear went under and then the market recovered until Lehman then it was still ignored up until we started getting 5 a day announcing massive losses coming
js1112111 2 years ago
People are still oblivious and not giving a shit
ceasey0xoogurl 2 years ago
I think you are wrong.....they are neither oblivious and they do care. The problem imo is the people don't know what to do.
forestlight5 2 years ago 2
well I know what to do and it is the opposite of what Obama is trying to do. Its not that hard to read a book and research in order to figure out how to solve these problems...but like i said before...people are oblivious and they don't care...b/c they are worried about shit that is irrelevant to REAL problems...like watching charm school or listening to the fear mongering on TV brought by the biased media. tell those people who dont know what to do to listen to Peter Schiff or Ron Paul
ceasey0xoogurl 2 years ago
Again, I disagree. I think solving these problems are very difficult. As for people being oblivious, not so. Most get up and go to work everyday, pay their mortgages, depend on the school system to keep their children safe, pay their bills, put food on the table, pay their taxes, share some time with their communities through volunteer work, keep medicine in the cabinet, fill their car with gas, see the loses in their 401k's, go to bed at night with the same worries & fears you have.
forestlight5 2 years ago
Here's the sensible quick easy fix of these "difficult problems" - demand all the politicians who robbed those hardworking American citizens (the minority) be thrown out of office and elect real politicians. (this theory is being considered as Constitutional and American...RUTH) But the ignorant and oblivious (the majority) believe these politicians are out to help us by saying they need to tax and raise prices to save ourselves; this makes everything worse - its economics; inflation; SOCIALISM
ceasey0xoogurl 2 years ago
TRUTH*
ceasey0xoogurl 2 years ago
Sensible, yes. Quick & easy, no. Most Americans are hard working & not ignorant. Allow me to direct you to a new movement which started yesterday, American Federationists. We hope to restore America to its Constitutional roots. It will be a third party and we will make it work, cause it will be organized by some of those hard working Americans. I will email you the link. Check it out.
forestlight5 2 years ago
thanks for the link
ceasey0xoogurl 2 years ago
same thing happen during the 30s in Germany. The mass followed their leader, back then Hitler. Not to compare Hitler with Obama, but it boils down to the same thing. Most people are incapable of thinking for themselves, especially here in America. They don t know how it can be, and they don t want to know either.
commonsense2008 2 years ago 2
It is not that most people in America are incapable of thinking for themselves, but rather they are inexperienced in dealing with unstable situations. This country has not seen instability since the 60's. Only with the recent events of 911, Katrina, & now economic chaos have we experienced such dynamics. Americans do not understand a real crises and the hope is we will return to a normal equilibrium. My fear is our hope will override the emergency things we should do & then fear overrides hope.
forestlight5 2 years ago
peter if i were you i'd be wearing a shirt that says told ya so EVERYWHERE
maverik455 2 years ago 4
I agree Peter - yesterday I also noted the cross board sell off of dollar assets. Shorting long term US treasuries again might be a good idea going forward. The $100b of announced $300b fed treasury buying so far seems to have had only a limited affect. They'd have to buy a huge amount more to offset the increasing lack of foreign purchasers going forward.
Ntone606 2 years ago
Awesome update. Thank you. Fav 5*****
DolphinFilms 2 years ago 3
Why are people investing in the Euro? Isn't the euro on the verge of collapse as Italy, Ireland, Portugal and Greece struggle to pay their debts back? The Euro is simply too high for these countries and is affecting their exports. The Euro will collapse sooner or later
Finnbar01 2 years ago
"Once the market has been pushed off track, it is very difficult to put it back on track again. " Especially if you block the corrective mechanisms with regulation.
vipero00 2 years ago
The FREE MARKET must be exactly that, FREE (from SELF-ISH MANIPULATION).
There is a FINE LINE.
As soon as there is interference (SELF-ISH MANIPULATION) and the market changes direction, there must soon be another MANIPULATION to attempt to put it back on track.
Each attempted correction crossing the line, to the other side.
Once the market has been pushed off track, it is very difficult to put it back on track again.
The SWINGS becoming ever greater, and more violent in nature.
NowisEvollovetion 2 years ago
People are always selfish. There is no changing that. People who think that they can solve this problem with government are naive.
nurbSoldier 2 years ago 3
Great video Peter! Your 10 min YouTube videos trump all my economics education in high school and college.
adambelnap 2 years ago
Are you ever going back to Yahoo Tech Ticker Peter? I like that show and they let you speak what's on your mind.
koki4o 2 years ago
Everyone spread these names around!! copy,paste,and post!:
Peter Schiff, Ron Paul, Rand Paul, RJ Harris, Judge Andrew Napolitano, Lew Rockwell, Bob Chapman, Jesse Ventura, Jim Rogers, Leap2020, Daniel Hannan, Bruce Fein, Yaron Brook, Adam Kokesh, Gerald Celente, Alex Jones, Jon Lebed, manoftruth, visionvictory, george4title, inflation(dot)us, mises(dot)org
Vote4Libertarians 2 years ago
Comment removed
jeffwend55 2 years ago
I saw an interview with Jesse the Body the other day and he had nothing but praises about Obama and his policies. I lost nearly all respect for him and his rantings, I like the rest of your list though
jeffwend55 2 years ago
Actually he is more consumed with hate for Bush and said wait and see with Obama. Praising his policies is a joke, I never saw that..
Of course Obama is going to suck just as bad...
BIackOp 2 years ago
Peter Schiff, Ron Paul, Rand Paul, RJ Harris, Judge Andrew Napolitano, Lew Rockwell, Bob Chapman, Jesse Ventura, Jim Rogers, Leap2020, Daniel Hannan, Bruce Fein, Yaron Brook, Adam Kokesh, Gerald Celente, Alex Jones, Jon Lebed, manoftruth, visionvictory, george4title, inflation(dot)us, mises(dot)org and Michael Savage
stratcatavarious 2 years ago
Careful: Michael Savage is not a libertarian, and his knowledge of economics is very limited, enough to make an ass of himself.
ftorresgamez 2 years ago
Savage is a Zionist propagandaist.
Mojo1982 2 years ago
Cap and Trade = Tulips
Dontana808 2 years ago 2
This comment has received too many negative votes show
With the dollar crashing, hyperinflation will arrive quickly. Listen to Peter and prepare before it is too late. Read the articles and signup for the free newsletter at: Inflation . us
jckjti49 2 years ago
you damn lier. Inflation(dot)us is a scam website run by that snake George4Title and his fraudster buddy Jon Lebed. It has nothing to do with Peter Schiff. Everyone...if you want to lose your money and get fake scam advice, go to inflation(dot)us.
malumalumalu 2 years ago 11
Gov wants dollar to fall, protectionism without tarrifs. Wants to create massive inflation to to manage the debt without appearance of taxation or cutting services. This is their PLAN.
labourdonnais1 2 years ago 2
its really tough to tell. all the intellectuals i listen to (peter schiff, tom woods, lew rockwell, roy shivers) all explain why the meltdown is not intentional or under control on their part.
on the other hand, everything i know about how government works makes me think it is just another scheme for them to profit at our expense.
ive settled on believing that while they didnt force the collapse intentionally, they are still doing everything possible to use it to their advantage.
spiggitybap 2 years ago 2
i'm not sure they knew the melt down was coming, but the dollar was in free fall prior to the melt down (then everyone rushed to the dollar for supposed safety), and the Gov was gorging itself on cap gains reaped from unbelievable inflation in the markets and housing -
labourdonnais1 2 years ago
Exactly. Peter even covers the reason for this in his book extensively - the Government is purposely depressing real CPI and has been for a decade and a half. Social Security benefits are paid with CPI-adjusted increases, so if you have low CPI and hyperinflation, the politicians can get away with not 'cutting benefits' while not raising base tax rates over 60%. It's, of course, a cut in benefits, but done in the same sneaky way that inflation is a hidden (and regressive) tax.
flowerpt 2 years ago