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  • This vid is hilarious....but scary

  • It is unfair to comapare 2nd grader wrtetith Obama ! 2nd grader is more inteligent and honest !

  • here is the video Schiff was referring to /watch?v=NtksyMtMylI

  • HOW TO FIX THE ECONOMY

    America's economic foundation is crumbling. For this reason, we must lean to the right -- allowing our conservative roots to thrive. We must concentrate on America's traditional foundation -- small farms. Basically, growing food. And we must strengthen our sense of family and community to build a spirit of brotherhood/sisterhood again, lifting our morale.

    Then we must copy the geniuses -- in the arts, technology, sciences, academics, military, learning from their examples.

  • Obama is overrated. Smooth talk does not equal good politics. I always laughed when I saw these brainwashed democrats listening to his speeches of change and hope with tears in their eyes. LOL what change? Nothing has changed. In fact we're worse now than under Bush, and Bush was terrible.

  • The pants are a great idea!

  • Brilliant, just brilliant...this video is awesome

  • This is NOT the First Amendment - You have the right to peacably assemble - you do NOT have the right to camp in city parks, disrupt people making a living and block streets.

  • The white kids knew economics. The n8ggers want to rob! OMG.

  • What a dumb-ass!

  • Why must bankrupt America give fascist Israel $15 million per day?

    Per person in tiny Israel, that's a staggering amount.

    So what about starving, homeless American children? Why can't our taxes go to help them instead? Why must our taxes always go to weapons acquisition, to feed the American military industrial complex?

    We're basically handing out monopoly money all over the world so the weapons factories can make a killing when it circles around back to them.

  • @eastariel

    We dont give israel 15 million a day, what are you loony?

  • @DarkosApprentice

    America gives Israel around $5,500,000,000 per year for military and economic aid.

    Gotta calculator?

    It's too bad we can't spend that $15 million per day on homeless, hungry, jobless Americans instead. Israel is already wealthy.

  • @eastariel

    Lol alright, go see a psychiatrist. We give israel Weapons/ammunition to fight off the palestinians, Not fucking 15 million lol.

  • @DarkosApprentice

    I'm just sharing my research with you. You can google it, if you wish.

    American gives about $15 million per day to Israel. Those are the facts I found.

  • @eastariel We we give ten times as much aid a day to the Arab nations around Israel collectively. We merely keep the violence in the middle east going by giving money and weapons to Israel and her enemies. Does that sound like a friend to you? We need to mind our business.

  • @YaHuWaHservant

    America has some nerve giving away money that we don't have, especially for weapons!

    I'm fine with America (individually as citizens) donating money for famine relief. But other than that, it's time to stick with what's left of the budget and to stop selling America to China.

    Yes, I agree -- we need to mind our own business. The world will sigh in relief.

    Vote for Ron Paul in 2012 -- he's a George Washington-style candidate!

  • @eastariel RON PAUL will not win and this is how obama wnats to win - get enough idiots to vote for Ron and cut the republican vote and obama wins by default - get it !!! WE DONT WANT ANOTHER FOUR MORE YEARS !

  • @nutbagbrew102

    Ron Paul has already won ... by sharing his wonderful ideas and plans out there. He has been a wise teacher for America.

    I'm hoping Seabiscuit Ron can beat War Admiral, but if by some sad chance he doesn't win the primary, then I'll vote for the next best chance of beating Obomba.

    I sure wish David Petraeus were running for president, but he has an important job already.

  • @eastariel im not arguing that Ron Paul does not have some good ideas but we are up against a one billion mega media machine that is going to make fun of Ron Paul more than anyone - if i thought he could make it i will vote for him but hes really got to get his word to the younger gen in order to flank obama - if i sounded like im mad at you im not im just tried of being out of work and living only on food stamps - this is not how i invisioned my older years of my life- peace

  • @nutbagbrew102

    I don't think you sound angry ... just dedicated to electing someone new who can CHANGE things for the better!

    It's so sad that Ron Paul's experiencing a media eclipse. I think he's very interesting and worthy of media attention. He's just not a corporate bed fellow.

    I hope you find a good job you like; so many Americans are out of work right now. But new industries will be created, especially in environmental technology, environmental engineering, and alternative energy fields.

  • @eastariel Do you have the same problem with the US giving the EXACT same amount to Egypt? Or just Israel?

  • @MetalDetroit

    I'm fine with America donating money for famine relief.

    I am definitely not okay with America supporting Israel's fascist apartheid murderous regime.

  • @eastariel first off - your math is WAY off. there is no way we give Israel 5 Trillion a year. The entire federal deficit is 15 Trillion. Second - Egypt spends the money it gets from the U.S. on the MILITARY - not famine relief. Good try though. Third - if you call what Israel does a "fascist apartheid murderous regime" then what do you call those who launch rockets into Israel's cities, and use children as cuicide bombers to kill Iraelis?

  • @MetalDetroit

    I said million, not billion. $5,500,000,000 is 5.5 billion.

    Israel gets around $15 million per day for its economy and military.

    Did you google it? I just found this figure on the internet.

  • @MetalDetroit

    Btw, that whole "using children as shields" thing is something Israel does, not Palestine.

    Palestine's trying to fight back to defend themselves as best they can. They even use themselves sometimes, which is terrible of course, but it just shows how desperately cornered the Israelis have them.

  • This was hilarious. It's interesting to me how far you can get in a field without knowing even the most basic ideas. There are neuroscientists who believe in souls, economists who believe in socialism and the broken window fallacy, evolutionary biologists (Gould) who don't understand how evolution works... I guess if you're disconnected from the consequences of your errors you can wander pretty far from what's true.

  • @darwinkilledgod evolution is bogus nonsense. The fossil record has completely demolished it. Evolution is a religion. put that in your pipe and smoke it and if you think you can debate me on this, send me a private message.

  • @lonewolf1369 I've had that debate about a dozen times... never heard anything new or interesting and never changed anyone's mind.

  • @darwinkilledgod Gould came up with the nonsense punctuated equilibrium because the fossil record completely demolished darwinism. Out of over 200 million recorded fossils found, there is no solid transitional history of microorganisms to mammals...from sea organisms to land animals...or from reptiles to airbone organisms....the fossil record shows quite clearly distinct organisms in all their different phyla from the very beginning...and I can't believe you fall for that ape to human garbage

  • @lonewolf1369 fuck of troll

  • @Zac6230 what the hell....don`t you have better things to do than waste your worthless breath insulting me for my replies to someone...just ignore my comments jackass if you don`t like them...

  • I don't have glow in the dark pants, but I do have a glow in the dark vest.

    Government approved for traffic control. :)

  • fucking socialist kids

    

  • I love the sheer dickery of this one. Plus his picture even accentuates it.

  • How about strengthen the industry, create new markers (like South Korea), use the tax money for something useful (like create jobs, build infrastructure, instead of bail out banks). Strengthen the unions, get a universal health care, get the bargain rights of health providers.

    Do you know that the productivity of workers have increased dramatically over the last decades, but the wages stood flat. But the productivity of manages stood the same (or is worsen) but their income increased 10 times.

  • @devent82 do you mean like in detroit?

  • @devent82

    God bless your soul! You cute little child!

    You still believe an economy can be managed. God bless. I hate to tell you, santa isn't real.

  • Comment removed

  • Obama loves to say "That's not fair!" too. As a poor kid growing up, I thought it was unfair that some people were rich and we were poor. I'm thankful to my Dad who explained Capitalism to me, and I grew up.

  • @devent82 - So how do you make it more expensive to hire people (by increasing wages), and lower the unemployment rate at the same time? By government dictate? Increasing productivity can do that over time, but the government can't. Bailing out "loosers" (sic) is actually government intervention, not the action of the free market. Do you grasp that point? And you are calling Schiff an idiot? Geez...

  • @devent82 LOL TAXES TO BUILD THE INFRASTRUCTURE?

  • @devent82 wtf you on about? You high bruv?

  • @devent82 LOL...God help you

  • @devent82 It seems from reading your comment, you are the idiot. Socialists ruin countries, many examples in history and the current world. Capitalism & free market are the only solutions. Look at China and learn. Socialism will destroy the US.

  • bftt.. hahahaha like my grandfather said, "Sometimes you have to laugh to keep from crying."

  • ye tax the rich for their hard work. they work their whole lives to get what they got, and now tax them. ye why not ? go ahead and tax them...this is the thinking of a "me so dumb dumb" president and nation.

    no wonder rich folks shift their money to tax havens. who wants to be robbed ?

  • @nafism6969 it also promotes fraud and "illegal" underground economies

  • When I was in fourth grade I started lending out money in my class for the afternoon breaks. I had one of my friends doing the books for me, and me and another guy made sure we got the money back. We never really had to use force, we had a newspaper that we wrote that went out once every month were we published debts. One of the poorer kids in class we even gave money to. By the end of fifth grade I switched schools and had made a 300% ROI. That's when I fell in love with Capitalism.

  • Brilliant.

  • We believe that the poverty and misery, the oppression and exploitation that marks our society is the result of control of the world’s wealth and productive resources by a tiny class that exploits the vast majority of society. This leads to humanity crippled by the reality and ideology of capitalist society. This reality leads the majority of humanity to premature death and the majority of working people to lives of drudgery and stress in a world over which they have no control.

  • @shotsky94: it's unfortunate that no government sectors would tend to relieve such problems for the human race. It doesn't matter if people are seriously in need OR if they're manipulated by various ideologies portayed by the government, in the end alot of those self-righeous men and women who're endorsed by the Zionist propaganda will simply laugh at the misery of humanity.

  • @shotsky94: I mean it's OK for politicians who would have huge desires to keep money for themselves and is considered tax free, but since they've re-defined the capitalist factors time and time again it's no wonder they're left with questions rather than straight-forward answers. It's far out of control that a socialist "utopia" comprises of corruption and evantually chaotic certainties will follow.

  • Take the money from the parent and if they don't want to give then they're greedy!

  • I watched the ABC video segment & it's appalling what the little girl says "your greedy", because Cuomo (playing the “rich” voter) said he didn't want to pay more money. This is why parents need to teach their kids about America & not leave their education in the hands of liberal idiots. BTW, would someone please teach these black kids how to pronounce “ASK”!

  • I am totally homeschooling my kids! Children do not think of these things independently, they are told to think these things in a government ran school!

  • Thanks Peter. Spot on.

  • @xestiss lol People were making less dollars in 1913 but they could buy alot more with a dollar. You could go out to eat with your whole family for under 5 bucks. Now, you can't even get a meal for yourself for that much!! lol you should do some research on Inflation before you start running your mouth

  • I cant find the abc video? anybody have any links?

  • argh again this libetarian nonsense! It will not work Mr. Schiff. 7 billion people already on this planet and every day there are more! But our Ressource do reproduce! In fact they are running out quite fast! Libertarian austrian school, Keynes, Smith, Friedman, von Mises etc. They dont have the answer to this problem! Socialism, Capitalism and all the other ism are bullshit! THey dont work and we are running out of time! More growth of GDP is not the answer! The only ism that hepls is realism!!

  • Insted of subsidising solar panels US Gov should free production of those from the any taxes. That would be the best way to suport development of this technology.

  • Sigh. It's truly sad how pathetic our country is becoming. Higher taxes, bloated government spending for 14.6 trillion debt, government hand outs at every turn. When does it end? It's so frustrating to see them hardly, if at all even ADMIT in government that we have problems let alone actually try to address the issues in a manner that actually makes sense.

  • How fitting that the Chinese girl answered that you should save more, and when asked what can the US produce, she said they can print money... and the adult host was wrong when he said that would be counterfeiting. Apparently even Chinese children are more economically literate than the average US adult.

  • "Yep, that's hit cabinet". Peter you are genius.

  • Can't argue that the kids basically did come up with Obama's & Bernanke's ideas.

  • Spot on!

  • I Lol'ed

  • Oh, boy. This is disturbing. Creepy kid.

  • this is fucking hilarious!!!!!!!!!!!

  • Nobody but radicals have ever accomplished anything in a great crisis.

    James A. Garfield

  • Lmao

  • Comparing Obama's economic "reasoning" (perhaps better deemed "emotionalizing") to that of a 5 year old is insulting to my 5 year old goddaughter. Obama represents the kleptocratic state, but my goddaughter understands property rights: "Don't take that. It's MY toy." She refuses to be expropriated - atta girl!

  • Peter, get into comedy! i can't stop laughing to this. A1

  • i dont like these radio stuff, cause we cant see his face! and the way he talks is the best part. haha. Go Peter!!

  • asking rich people for the money can't be the whole economic strategy is what he's saying me thinks

  • asking the rich people for the money can't be the be all end all strategy

  • Aw come on Peter, as funny as that was, you know those kidz were prep'ed for that show.A child at age 7 does not talk about increasing minimum wage,that happens only when the child graduates to a Liberal Arts school.

  • How does a 7 year old even know what minimum wage is? Pretty obvious that those were planted answers.

  • just think these people in his cabinet are paid millions of dollars to come up with something a 7 year old gives up for FREE

  • I want glow in the dark pants >:-/

  • 7 years old and can't even pronounce the word "ask" properly. incredible.

  • I wonder why my comment wasn't posted??? I thought it was pretty fair

  • Obama doesnt take money and give it to the poor he gives most of it to the mega rich bankers

  • Schiff, I admire your work.. but don't you EVER knock glow in the dark pants. What an ass

  • We need to teach kids how we are being fucked by the federal reserve.

  • I wonder if Schiff really believes Obama makes the decisions freely when it comes to the economy? It almost seems ovious they tell him what to do.

  • Ron Paul barely has double digits in the polls guys. We should try to persuade his opponents to support him, not insult them with rude comments, geniuses.

  • @XESTIS quick question: would you rather work for the average car assembly line today for $15 an hour, or work for Henry Ford's assembly line in the early 20th century for $5 a day? Keep in mind that back then a single ounce "double eagle" gold coin had a face value of $20, and today a $20 reserve note is backed by nothing.

  • I like Schiff's honest forecasts, but this is just nonsense. He's doing exactly what every other Republican politician is doing right now; bashing President Obama. Come on, does anyone really believe that if it was a Republican in office that things would be so much different; give me a break. The economy is in extremely horrible shape and people are suffering and have been for a long time. It is necessary to take from the uber rich and redistribute it (people NEED it). Greed=social unrest

  • You go to jail if you print money... unless you're Bernanke

  • Hey what happened to the Google+ button on Youtube Share?

  • I'm for Glow in the Dark Pants (GDP) over the FRN note any day of the week ;)

  • Greenspan was on CNBC this morning October 7th. Early in the morning, why not ask him, why the Eurozone is not AAA because they can always pay their debts by printing money. CNBC are shills. I am invested in monthly dividend pay stocks and buying money with my US tiolet paper every month, until the currency blows up!!!!!!!!!!!

  • Obama not so stupid as he say... but he just can do nothing with quantity of problems wich happen in US economy... to long period amer's just spent, and now faced with the production and energy crisis. What can Obama in that situation?

  • A Star Trek Replicator.....

    You can replicate Coffee, Donughts and Gold anything except complex machines.

    So you can replicate Gold and pay somebody else to make you a Coffee and Donught.

    You'll probably have to Pay a Licence Fee, but that's ok, you just pay them in Gold.

    Can't see any problem with that.

  • ASK....is not pronounced AX.

  • If I start to market glow in the dark pants, I hope those kids won't come after me for stealing their idea.

  • Market = we the people. Market decides = power to the people.

    Government decides = soviet collapse.

  • Obama is nothing but a puppet no different then Bush. They are funded and controlled by the same forces. They follow orders or else. Neither one has an original thought. They have no ethics, morals or souls. Dr. Paul is our only hope.

  • lol great video

  • original video here:

    /watch?v=NtksyMtMylI

  • we Canadians are going to buy USA when they are to the ground including Peter's business and all its gold mouah ah ah ah

  • Nice. I can see it now: "Obama's new jobs bill puts people to work making glow in the dark pants!"

  • dude this is scary.....

  • wealthy financiers =robber barons=corporate mergers= mass layoffs=trusts= deregulation=cruelty to workers =industrial oligarchy which dominates the United States=Using paid-off politicians as middlemen and have the American people themselves vote the middlemen into power.

    We need to initiate a campaign to protect ourselves and the nation from the wealthy industrialists.Roosevelt had reason to be concerned. The wealthy corporate elite were indeed plotting against Obama.

  • _ Peter, would you please post a video on the ECB and how their reactions to problems that are common with the US compare to the way our Fed reacts. _

  • ROFL ...lets just print more money

    I guess Helicopter Ben is substituting at their school

  • This is why so many people are idiot socialists... it's a concept that is so simple and stupid that the average 7 year old can parrot it. To understand why it all doesn't work takes this nifty thing called EDUCATION, and maybe a bit of maturity...

  • I'm going to trademark the glow in the dark pants idea.........nobody steal that from me

  • Public education at its best. ''I would axe''. God, I am glad I left the USSA and no longer live under the Gangsta President and all of disciples. I hate gangstas.

  • It's amazing listening to Obummer telling everyone that his Jobs Bill {Another Stimulous} is for the American People.......... ha ha ha ha.....right! What a Friggin LIAR..........we all know that the American people won't see a RED DIME of another stimulous.......instead it will go to the FAT BANKS and WALL STREET CRONIES !

  • Easy question to answer Peter, Of course Obama is NOT smarter than a 2nd Grader.

  • I thought the government was taking money from the middle class and the poor and giving it to the rich. Or is my understanding of bailouts and QE, which runs into the trillions, differently than yours?

  • how embarrassing for the Obama Administration 

  • The best plan to stimulate savings is for the US Fed. Govt. to institute a Tax Free Savings account similar to the canadian model. look up tfsa.gc.ca

    Not only would it stimulate the economy as individuals invest their funds in american companies, but it provides them with a tax-free safe haven for retirement. I personally have turned my initial deposit of $5000 into $12000, through investment in silver and gold mining companies, all tax free profit.

  • Change the law if the President is suck.Let him go in 2 years.

    Why 4 years? It is toooooo longggggggggggggggg.

    How about let Obama collect unemployment?

  • The products of Keynesian Statist Education.

  • I think Bernanke snuck in some kids

  • More kids on the show, I finally fully understood a Peter Schiff video ! ;-)

  • Anyone else notice that channels like

    @schittreport2 @AntiSchiff @SchittReport

    Have the ratings shut off and they

    filter their comments... Desperate Douche Bags

  • Brilliant

  • Obama's plan is something even an seven-year-old can think of.

    That means obama stopped thinking since 7 years old ?

    Too sad.

  • The printing money stuff cracked me up.

  • The questions from the kids seem a little staged for PR reasons. I kind of doubt most normal 7 year olds would even know what a min wage is.

  • Taxing the rich and giving it to the poor doesnt make a richer or better enviorment. We would have no more things, or improve society. Paying the poor for jobs now adds to society, but not in the way of this "stimulus" jobs. Jobs that satisfy consumer demand. Jobs that have a point, a need and a want.

    In other words private sector jobs. And the private sector grows faster when it has more capital to work with. So tax them less and have government spend more.

  • I agree with the point Peter is trying to make but I think it's a really weak basis to say, "If a seven year old could think of it, it's not intelligent." That is highly contingent on what the seven year old knows. When my son is seven, he's going to give you a good free market response to that kind of question, but he's going to be trained right. I agree with @AvidLifestyle's point that it's the governement brainwashing the children, not the other way around.

  • Perfect 5/5

  • not to be bias or anything but that first kid that says your greedy, is he BLACK? something is telling he is. i wonder why

  • This is just tragic.

  • Worst video ever Peter.

  • wow

    so good Peter

  • but this is a bit false argumentation: when the child says something obama positiv, then 'Look at him, he is so stupid as a little child', when it says someting Obama negative 'Even a child is smarter then Obama'.

    I mean there is no way how Obama can get out of it :)

  • @dafyduck79 Schiff's point was to illustrate the ridiculousness of Obama's economic strategies. Obama's main goal is to repeat slogans such as "the rich need to pay their fair share" and "millionaires and billionaires" every chance he gets to promote anger against the wealthy. If he takes those slogans and translates into action, it amounts to little more than taking from the rich and giving it to the poor. If that ancient idea worked, 3rd world countries would be in great shape right now.

  • I really cracked every time he said 'Glow in the dark ' LOL

  • @XESTISS I hope your not one of those guys who refers to the US as a "free market", and that healthcare, jobs, housing, education are rights.

  • @EndTheFedRes The Fed is out to get you! the End is near! John Adams told me so yesterday! We must hang people from the Liberty tree! Nothing is free! we are all enslaved victims!

  • @XESTISS It was about $13k in 1913 and now it is around $45k in 2004 (household income that is). That is about a 71% difference. The value of the dollar dropped by 97% in that time when compared to gold thus, we're poorer than we were in 1913 when you just compare incomes.

  • The measure of income in 1913 is much different in today's dollars than it was then as a result of the massive decrease in the $'s value. Secondly, it would be more appropriate to ask about the income of 1913 compared to 1813. That's because during those 100 years, without a Federal Reserve, the standard of living and wealth of Americans increased more than any society in human history.

    You called someone "Mr insane man" and you're not concerned about the fed's erratic money printing? Ironic.

  • @XESTISS LOL!

  • @XESTISS How much has the dollar gone down in value since 1913?? 98%... Have you ever heard of inflation??? Holy shit..

  • @XESTISS Even if wages tracked inflation perfectly, which they don't, that does nothing to protect people who are trying to save money instead of just spending it as soon as they get paid.  Without savings, you can't have capital formation and increased production.

  • @XESTISS One thing is for certain: you won't "parish in the upcoming Apocalypse..."

    However, I do sort of relish the thought of witless vermin PERISHing because they worship the scum of the earth - just deserts and all that. I think Amerikans ought to get what they want & deserve from their beloved Uncle Sham. Amerikans are masochistic trash anyway, so they might as well be exterminated by the malevolent government they've embraced for well over a century. Go government! I'm rooting for ya.

  • @XESTISS oh my god how come can somebody as ludicrously dim witted as you could possibly still be alive today? don't you feel shame or douche-chills when you read or hear what you say? is that part of your brain just unexistent? God damn, i read your messages for comedic value but after a while you've given me so many douche chills i just have to ask you how the hell do you live with yourself. Holy christ you're the dumbest person i've seen on youtube in a long time.

  • Here are comments I received from PS Followers. One guy is waiting for Hyper inflation Next year for sure. Another moron hates hedge fund managers because he doesn't trust them LOL! China will defeat the US buy pulling "the plug" John Adams told him so & He wants to hang people from big trees of liberty! ROFL Another aksed me is I be a daytrader dividend & investing long term be losing money! Another moron is telling me a $ lost 96% value.LOL So I guess we are living off the 4% value left ROFL

  • @XESTISS If you're trying to make a valid point, please refrain from using ROFL and LOL. Doesn't help when trying to make other look childish.

  • @rax989 lol! I am childish. The end is near mind as well enjoy what is left! Roflmao!

  • @XESTISS I hate to tell ya, but the dollar has lost 96% of its value...since 1913. How much do you suppose a home cost back then?

  • @EndTheFedRes See what I mean? thx for proving my point! Insane!

    Just out curiosity What do you suppose the income was then? About 96% less maybe? Just Maybe?

    yea that last 4% of value we are all living off of sucks! Any way I got to hop in my Private jet and go. I have to have breakfast on the east cost!

  • @XESTISS There are charts illustrating income vs. inflation genius. which do you think is winning? You need to LISTEN. Don't write checks with your mouth that your ass can't cash.

  • @EndTheFedRes thats it petey block me from telling the the truth! your days of fooling people with your anti american bullshit are numbered! Just like NIA! ;)

  • @XESTISS BTW did you mean insane or capable of critical thinking? And no income was not 96% less. google the chart.

  • Loved it!!

    This is a good example why you should get your children OUT of the government youth propaganda camps, i.e. "public schools". A lot of common sense and moral lessons being learned here, eh?

  • No need for these kids to continue any further in the public education system, they already got it all. Put 'em to work at minimum wage tomorrow.

  • Austrian, Keynesian, and now Second Gradesian

  • Peter, you're most effective when you attack Obama's policies only and not Obama, the man.