Peter Schiff explains Inflation (June 13 2006)

[sha370z]

people that make $60,000 a year have less than $100 in the bank

[sydor05]

HAHAHAHA, what a dumb bitch. Nothing like getting schooled by Peter Schiff.

[WalkProp]

DIANE SWONK ABSOLUTELY SCHOOLED IN ECONOMICS. AWESOME

[Stuber9077]

Notice how Keynesians Diane Swonk (?) causes confusion and spin/deception Austrian School Economic's Peter Schiff explains and informs?

It's not the Government who is so 'organised' - it's the banks, the ratings agencies and the lobbyists, who spread the same confusion to politicians. We should have laws that say '`if a Congressman or Senator does not understand a bill, then they cannot vote on it until they do (and answer questions!)

[Stuber9077]

Notice how Keynesians Diane Swonk (?) causes confusion and spin/deception Austrian School Economic's Peter Schiff explains and informs?

It's not the Government who is so 'organised' - it's the banks, the ratings agencies and the lobbyists, who spread the same confusion to politicians. We should have laws that say '`if a Congressman or Senator does not understand a bill, then they cannot vote on it until they do (and answer questions!)

[Gurigonzalez]

Alright! It´s 2011 soon to be 2012. This woman has no clue.... Schiff is still right!

[sha370z]

people took out home loans on dead people . people had 9 home loans in five state

[sha370z]

60 billion for bail out

[sha370z]

made it in my top 10 

[sha370z]

my dad said it was his house not if you don't make your payment each mo

[itcol]

That's the most ignorant lady I have ever listened to. Educated in the NE?

[garoad2]

"I don't care how the government defines inflation I care about what inflation ACTUALLY IS." - hahaha! These people look like preschoolers next to Peter's LOGIC!

[fuckoff187]

I bet you dianne fucked him after the crash

[plodej]

She's from Detroit...my lord. Have you been in Detroit in the last few years woman? I live in Detroit now and have been for the past 25 years. I have seen the decline of the US manufacturing first hand. There is no efficiency. Manufacturing is being moved abroad. We are NOT producing, period!!! Get your pseudo economist head out of your ass!!.

[plodej]

What a dumb woman my good God! Peter being an intelligent, straight thinking and experienced investor knows what he is talking about. There is no difference between asset and goods inflation. Inflation has a single definition. It's not rocket science. She's a typical government economist who throws around big words and statistical data making a common sense simple issue confusing. Dumb bitch.

[endlessmountain]

She says to Peter how "UNFAIR" it is to the "VIEWERS" of this "BROADCAST" for him to be saying what he is about the currency and government/fed policies with his view of inflation and yet when he said this Gold was $600/oz (up over 100% now) and Silver was $10.50/oz (up almost 300% now) and wow, that was unfair for the people to be given a small dose of premium reality so that they could protect themselves.

[JohnnyMac2237]

Years past this interview this woman woke up to the fact that she was indeed retarded and was basing her analysis on govt lies...and Peter Schiff proved himself to be 1000% accurate as always. Fed can only debase and do nothing but distort prices which leads to savings destruction.

[aviomaster]

Thank you Peter Shiff for opening peoples eyes . YES it is coming TITLE wave of INFLATION is going to hit USA may June 2011 , Food prices starting to go UP in USA markets it is March 12 2011.

[Ghost9909]

Wow what a bitch.

[y2ktube]

As smart as Diane may be, she does stupid things. That basically makes her stupid. i.e. "Have you ever talked to a Fed chairman?" Oh please, you don't have to put your nose into a garbage can, to know that garbage comes out of it. And, do we even have to talk about another one of her stupid comments? "Have you been in an auto plant recently?"

[EyeAmTheIlluminati]

@y2ktube Many people in high finance do not understand basic economics. They go to prestigious schools, successfully memorize Keynesian economics, network with the right people, and end up earning huge salaries underwriting government securities. Most people in high finance do not believe in real capitalism, they believe in the distorted system known as "mixed economics" that academia is so fond of. "Mixed economy" is another term for "market socialism", which closet Marxist professors promote

[redsoxx2424]

"They're not trying to confuse the public, that's just ridiculous!" And then she calls them "experts" on inflation? If Peter wasn't on here I'd think this was a Saturday Night Live clip.

[garoad2]

HAHAHA What a dumb BITCH!

[bjarnet3]

This clip is priceless!

[MrYouareasheep]

the gal is a sheep

[longlivetherepublic1]

bitch

[kevreilly7]

Please do this video again at the 5 yr date---June 2011

[kevreilly7]

Thank you for putting the date on this video

[NicosMind]

So many dumb asses in this world. Im tired of being told that us humans are an elite species and that we're highly intelligent. Such a simple thing as inflation and these asses either dont get it or are charlatans.

If you seriously dont get a simple concept as inflation you need to leave your job! The amount of money determines the prices of objects in the economy. Back in the day the average person might have had only 20-30 dollars in their account. Things cost pennies.

[kermitcintronsucks]

Detroit? Are you kidding me? 

[MsBusiness101]

The last 3 mins. are right on.CPI is manipulated because the gov. leaves out FOOD & ENERGY in the basket of goods.The purpose of cpi is to look at the SAME basket of goods across time to see the rise&fall of prices to indicate inflation,but if you take out the BIG two CPI will look way way lower than it is.CPI makes GDP look higher too.Social Sec. payments/medicare are pegged to CPI= hospitals aren't getting the right reimbursements for their budget. Repeal the federal reserve act end inflation.

[MsBusiness101]

"we're borrowing from abroad to consume thats not efficiency"..........soooooooo­ooooo true.

READ: End the Fed by Ron Paul if you like this video. The book explains what Peter is talking about. Buy a few books and give them away!!!!!!!!!!!!!

[bonfirejovi]

Lol I wonder where she is now? Wow a lot of people didn't see the housing bubble... its amazing.

[bonfirejovi]

How can you laugh at someone for saying that the money supply is linked to inflation when Milton Friedman won a Nobel Prize for proving that "Inflation is always and everywhere a monetary phenomenon."

[y2ktube]

Does anybody know where Diane is now?

[yjfoo23]

Now we know Mesirow Financial sucks dicks! Let's not do business with a company that sucks dicks!

[MsBusiness101]

"You shall not crucify Mankind upon a cross of gold," said inflationist William Jennings Bryan. But mankind, especially poorer and more vulnerable people, is oppressed by paper money, not by gold. It was for this reason that Thomas Jefferson and Andrew Jackson—the presidents who were our greatest defenders of the common man—were such unalterable opponents of paper money.

[DJAnthonyWill]

That lady was drinking the Fed's kool aid. Peter nailed it right on the head here. This lady is crazy to think that truth cannot be simple in regards to our economy. I was dieing laughing hearing her say have you been to Detroit. It's clearly obvious that she never ventured into downtown Detroit to see just how hard hit Detroit has been since I can remember in 2001.

[bobby4500]

the master himself vs a bitch

peter schiff is truely the master of economics

[itillbeme]

Joe Keenan is plain dumb.

[lwglwglwg]

That ignorant cunt is a FED worshiper! Oh, all the experts at the FED, they must know better than the rest of us. Yeah, right. Go suck Bernanke's dick, stupid bitch!

[lwglwglwg]

How you like it now, bitch?

[CommSense]

Schiff killed it as usual.

[ninjacan2]

Jesus, this woman will not just let the man finish a sentence! lol. Peter, your patience is astounding :D

[siestasusan]

Peter-You and Ron Paul are so right and so brave to keep fighting this fight, Thanks to both of you for your perseverence! Another donation to your Senate campaign is on its way!!

[BikiniBabe1985]

Peter has alot more hair now than he did then. Nice hair job, the best that lots of money can buy. Peter Schiff proves right there that he knows how to stop a recession whether that be economic or follical.

[Fruerik]

She probably still has a job. Someone should find out where and distribute this video among her collegues.

[Tianbad]

'Have you been in Detroit?' LOL. Price is WRONG, bitch.

[angelleader123]

what a stupid bitch!

[anthonymellado]

Here we are approx. 3 1/2 years later and Diane really looks like an uninformed, brainwashed college economist...still! I wonder if she'd remain smug about her opinions now. I hope for her sake she's called Peter, apologized and asked him for some investment advice. Trouble is, most people still don't seem to understand that America produces nothing and exports nothing....well, except for scrap which is all the stuff we throw away because we have to have another new one..from China of course.

[Chslosers]

nice comment. Mezzaro financial lost money.

[Egles1fan]

Good for you peter, well done, what a foolish woman to argue with, my goodness, unbelievable!

[ozzman10187]

It doesn't matter where the inflation starts whether its asset based or whatever, it will eventually spread everywhere.

[nate850r]

Have you been in an auto plant recently

Wow !

[WalkProp]

This is absolutely my favourite vid. Peter schools this bitch.

[danben72]

Hi Ms Wonk I am really sorry for your delusional view. Mr. Schiff is exactly right. Even if Mr Bernanke or whoever you cite to back up your distorted views is saying that inflation is only x it doesn't mean it is correct. I thought somebody like you would think for yourself.Obviously it's to much to ask for.Whichever asset (consumer, investment) price appreciates means it costs more induced by too much money chasing to little goods.Period!

[ThinkVantage100]

Diane, you feel good? Are you ok? "Chief Economist"? Bye.

[0MoTheG]

If asset-inflation is true inflation than it is gone now.

they are having a definition quarrel.

[phernoree]

6:47

"I'm from Detroit. Have you been in an auto plant recently?"

HAHA

[ATec04]

LULULULULULULUL.

"Have you been in an automobile factory?"

CAN SOMEONE ASK HER THAT QUESTION NOW? PLEASE?!

[NSResponder]

Wow, that bint sure is patronizing. Maybe she's looking for Diane Feinstein's job.

-jcr

[ricorna]

That woman is gonna be really embarrassed when "Peter Schiff was right II" is cobbled together when the shoe drops...

[jeruon]

She is very good at confusing the argument with complex rhetoric that sounds credible because of its difficulty to decipher, but once analyzed is nothing more than eloquent gibberish. I imagine that skill, although worthless on the basis of pure productivity, is a valuable asset in our era of sales based investment advise. Many investment firms have two client bases, the institutions that market complex fraudulent securities and the suckers that buy them. She seems like a qualified intermediary

[econogate]

The Fed are the experts? What has she just claimed then goes on to say at the end how they are not capable of manipulating anything, can she make up her mind about what she thinks before she opens her mouth instead of running the words aorund circles? She sounds like she maybe fascinated at hearing herself argue with herself and with anyone that doubts either of her opposing views, she sounds lost in post-modernism where meanings become changeable according to reactions.

[joesub]

OMG! We have found the living Jabberwock - Diane Swonk. She speaks in eloquent phrases but makes no sense.

Reality has proven her incompetent in economic analysis.

[rayme4raw]

Good Job Peter, I was like what is 'Acid based inflation'? "Even the Fed no longer counts the money supply" No, the Fed stopped reporting the money supply. She really needs an education in economics, she's clueless.

[aaronsdropzone]

She said "Asset based" which makes much just as much sense than "acid".

[rayme4raw]

Thank you, LOL, that makes more sense than acid, but there's no such thing as asset based inflation either which peter proved by giving us the definition of inflation. Maybe She's on Acid?

[jimmyjoe1975]

Awesome. At 8:40 she tries to use the auto plants in Detroit as proof of American productivity.

[michaelpshipley1]

this woman just doesn't learn good, lol:

2007-01-29 chicagobooth . c o m

Diane Swonk, Says the Economy Will Expand

The good news is that the best is ahead of us.

Swonk predicted that the economic expansion will probably make it to 2010.

[Homer1583]

Peter Schiff was Right!!!

[aviomaster]

-- GM would never go bankrupt , if goverment let the market to force GM to make cars people want to buy , but instead goverment told them to build , GAS guzzlers , ARE they stupid or what , OIL will run OUT. it can not last forever ,,, Save ..

[mustang607]

2006: Have you been in a Detroit auto plant recently?

2009: Pretty quiet, isn't it.

Peter Schiff was right!

[lb11rb]

"have you seen detroit" lol

[sexdrugsRnR]

this is not an 'intellectual debate'

its an intellectual vs a dumbass

[vipero00]

She's not a dumbass but she is an example of someone that's willing to forget the fundamentals so that they can cling to the idea that the Fed is run by experts. They have been imbedded in the system so long that they no longer deal with reality.

hmmm...... yep she's a dumbass.

[sexdrugsRnR]

well, if shes not a dumbass, shes an evil bitch cuz she prolly has some incentive to say what she is saying.. her wallet is on the line.

[sexdrugsRnR]

you know that when someone says something works in theory but not in practice, that person is an idiot.

[frontier1701]

LOL....she from detroit and asks if Peter has been at an auto plant.... They are all closed now!!!

[Esoteric604]

If only this lady had more ass so Peter could hand more of it back to her.

[fazholio]

"remarkable growth...excuse me i am from detroit have you been to an autoplant recently".....................­........L O L ha ha ha ha ha, boy someone must feel dumb these days

[crb0129]

According to her bio on her company's website, she is an advisor to the Federal Reserve. That says it all. She's part of the gang robbing the public and doesn't like Schiff telling people the truth as she attempts to marginalize him. Schiff is 100% right yet again.

[xhamlin]

I love how that woman calls them "experts" on inflation in one breath and then says she's spent enough time with these guys to know they're not that organized and capable of manipulation. contradict much?

[labulldog5]

Reporter: "Is that likely that the markets could be so wrong for so long?"

I guess so! He and this airhead lady should have listened to peter that we WERE in a bubble economy!!

[ka39d6100]

do u guys note this? this woman is talking with a passion n faith spoken in religious speech or debate. itz purly based on faith, in this case the faith is on the govt., she says 'govt will not act covert!!!' why not? it has happened in the past. ppl run govt they are not gods. hell! i wud say 'even god shud be judged.'

hell is breaking loose n many ppl are positive n relieved tht devil is the gate keeper

[HeWhoPawns]

Wow this woman is retarded/ She should shut her stupid mouth and learn something from Schiff.

[axal100]

Amazing how economics suddenly make sense when Peter explains it.

[motavation69]

The frightening thing is that this woman (Diane Swonk) is the chief economist at Mesirow Financial and according to their media placements page she appears frequently on CNN, ABC, NBC, NPR, WSJ, etc...the American people deserve better than this ignorance! Thank God for people like Peter Schiff who are unafraid to speak honestly and intelligently to the public.

[stacieoz]

What's this lamp-shade head woman saying?? "Have you seen an auto plant recently?" Yes, I have! They all are closing down! thanks to OUR Billions, they're able to manufacture more worthless crap!

What a dumbass woman!! She should run for 2012 presidency!

[realrasher]

You've got to respect them mans consistency.

I sure hope the airhead got fired. Now she probably works for the fed.

[TheLostRepublic]

HAHAHAHAHA have you seen an auto plant recently.

oh man what a dumb bitch.

[eagleme]

Bend her over and show her what INFLATION IS !!

[borat443]

So true, I like the way you put that.

[Guillaumedebellevue]

LOL "Have you seen a gm factory lately?" SELF OWNED.

[BlueSkies360]

That woman should be fired! She is an idiot

[PureAdrenaline97]

Oh man do I want to smack the shit out of her. Peter is the man in every debate.

[stacieoz]

Totally agree! What an idiotic woman!

And it's amazing that Peter Schiff is able to keep his cool in the face of such stupidity.

[borat443]

She turned out to be so wrong. Shes probaly unemployed as an analyst right now , if not I hope she is.

[myheadhurtsnow]

most likely promoted.

[jjcarlso]

way to use detroit as an example....you need DUMBASS stamped to your head!

[engine2truck6]

PETER SCHIFF KICKS ASS!

[glenw74]

Anybody notice the host giving Peter the finger, and Peter just laughs it off? He places the middle finger on his forehead, aimed at Mr. Schiff. Very professional!

[Chhaylin]

YA I saw it.

Could it be a sneaky hint to tell Peter Schiff what he thinks of him? That would make him a sneaky bastard.

[Voy2378]

I want to kick Diane Swank.

[Chhaylin]

"Have you been in the autoplant lately?"

LOL

[bochap21]

You got her wrong. She was talking about how inefficient the autoplants were. They were so inefficient that they could make 20+ billion dollars from federal bailouts! Now, which private company can make that much money for doing a terrible job? Only in Detroit.

[glenw74]

Anybody notice the host giving Peter the finger, and Peter just laughs it off? He places the middle finger on his forehead, aimed at Mr. Schiff. Very professional!

[epoxsam]

Diane Swonk's a stuck up bitch! keep mumbling on and doesn't want to really listen and think what Peter is saying. Die Bitch Die!!! it was just irritating to see the extremely rude behaviour she's showing, that "i know everything to know about economy" kind of behaviour. if Diane is listening to this i just want to say "fuck back at you face bitch", may ur kids be as arrogant as you are and slap you everytime u opened ur stinking mouth!

[seanannapolis]

Before any of us throw Diane Swonk to the wolves, keep in mind she is only saying what 95% of all economists say. Keynesian economics is what is taught at practically ALL of our universities and has been declared normal by our government and its creation, the privately owned and run non-federal Federal Reserve.

[michaelpshipley1]

its not that she was wrong, its her arrogance.

[mandatum]

Don't you just want to slap the smug right off her face?

[mandatum]

I do hate this smug bitch. Smug and stupid makes for an especially dislikable package.

[jettjaguar1974]

That's one stupid bitch...GM is filing for bankruptcy tomorrow...she should be run over!

[sychrovsky]

has she been in the autoplant lately ?

[yjfoo81]

Diane Swonk must be homeless and shirtless by now! She's ugly and stupid. I don't know how she could survive any longer?

[mandatum]

She's a corporate shill and will never go hungry. The rest of us plebs, well, that's a possibility. But we're expandable, at least to Diane and her owners.

[injected74]

Diane Swonk is probably living in a cardboard box right now.  hahaha

[Epic878787]

I wonder if Diane feels bad about this horrid display ignorance that undoubtedly cost people a lot of money, an ignorance that in fact contributed to the collapse.

...don't try to measure the money supply... trust the government.

[surprise1982]

"Excuse me, I'm from Detroit." I almost fell on the floor laughing.

[Waterjaijai]

thank you, i am not from Detroit, but i did the same thing........couldn't stop laughing......

[jeffsst]

shoot the fucking bitch!

[danfg]

It's amazing how Peter Schiff is so right and she's so wrong/clueless about the nature of inflation. He seems a bit uncomfortable, but it does not detract from the wisdom of his message.

I wish he would have time to explain why the CPI numbers are manipulated: Because the government LIKES inflation, because it's a tax, and it's also how the govt cheats itself out of debt. So, the govt wouldn't be HONEST about inflation. You don't have to be a genius or conspiracy nut to understand that.

[tummy14]

Another win for the Shiffmiester!

[zetsway5000]

I'm going to call him Shiffmiester for now on because peter is a bad ass.

[MMAGRO1]

This bimbo should be slaughtered

[slvin09]

Excuse me, I'm from Detroit. You dumb bimbo.