I urge everyone to send Schiff vids to friends and family. He's definitely a name amongst people like US... but he's virtually unknown to the common public.
If you find a great Schiff vid... PLEASE pass it along to a friend!!! :)
"They might as well nominate my six year to be treasury secretary. At least he would play with his toys instead of screwing up the economy." Priceless
"they might as well nominate my 6 year old to be treasury secretary. At least he would play with his toys instead of screwing up the economy" - wow wow wow :D
Shame he didn't get elected to the Senate, I feel we need younger guys like this coming through politics because if not we are in trouble, Ron Paul is 75 and we better hope he isn't one of a kind.
We're not convincing the Chinese to paint our fence, we're convincing Mexicans...(who are running from drug cartels, no less.) The Chinese, however supplied the paint and brushes...
I found it and I'm hooked. The only problem is everyone else will wake up now that Peter is sounding the alarm. We have a several months left before the total collapse of the American economy prepare for your family and leave if you have the means. Check out Biospharms in Belize. A good safe English place to retreat to while the storm passes.darinsmith@inbox.com
Peter, start a Internet talk show and have a debate on it every night. People are starting to wake up. When I first started watching you on here there were only hundreds watching. Now you are getting tens of thousands of views. Tell all of us how better to promote you so the world can know the truth.
.......and jesseventuranotaseal seems to follow MrHarry all over YouTube trying to "discredit" words.(her very own nick is trying to discredit another human being) this monkey is a paid rothschild shill and its SO hilarious how she exposes herself and the rothschilds. talk about math skills!. this bitch KNOWS if word EVER gets out that the rothschilds own her ass OR the Federal Reserve Bank of the USA the rothschilds of england are doomed!! 500TRILLION-500TRILLION= 0 this cunt knows THAT #
the worst metaphore?......the roths--childs of england (est. worth 500 TRILLION) have designed this "wagon", this runaway train. their policy is sink the US economy and the US Dollar(they literaly OWN the FEDERAL RESERVE BANK(its a foreign central bank owned by the roths-childs, look into it ),they can do this since you the american people are WAY too weak and divided and SO unintelligent to even REMOTELY know whats going on let alone STOP them). it was nice knowing you USA. goodbye.
@checkcall123 be as sarcastic as you like .... youre closer to the truth than you will ever know(unless youre a paid rothschilds shill sitting on YouTube 24-7 arguing with people like me)
@MrHarry46 lol way to not answer the question, the world economy is aprox. 70 trillion dollars so to say Rothschild's are worth 500 trillion is kinda... stupid.
@checkcall123 do you have the left or right side of your brain in gear?...or either?. by all known accounts, the rothschilds of england, (est. worth 500 TRILLION, Owners of the Federal Reserve Bank of the USA) literaly own half the worlds wealth. if you choose to make your own numbers up thats your decision. EVERY LAST COMMODITY on planet EARTH combined per year(GDP) may be worth 70 TRILLION,but who owns the countries themselves? in ten years 70 trillion becomes 700 trillion etc..
@MrHarry46 LOL What known accounts???? It's you making up numbers not me. By known accounts the whole Rothschild family are worth $1,5 BILLION not trillion. According to forbes and independent journalists what sources do you have? Alex Jones?! LOOOOL GTFO crazy fking american, you a truther as well?
@checkcall123 look slut....you cant hide their wealth. simply type "rothschild" up in the searchbar top of this page, hit enter, begin your own research. do it NOW before they turn the internet off (there are bills in (US)congress TO DO JUST THAT). Im not going to argue with your stupid paid shill ass. do your own research you lazy piece of shit. the rothschilds are bankers from england. they are worth est. 500 TRILLION, they OWN the Federal Reserve Bank of the USA. look into it
@MrHarry46 Yeah google results from random internet forums/youtube = credible source.
Forbes= fake source.
Wow u dumb there is NO real proof of them having anything close to that number so go fuck yourself and continue to live in a dream world, what are the chances of you being a global warming denying christian fktard, 99%?
@checkcall123 you silly little pig. I worked for over a year in JUST ONE Federal Reserve Bank in the USA, (there are 12 of them in the US) and that particular bank had 1.5 BILLION DOLLARS IN ITS VAULT ALONE! youre an obvious kook with no information and spend most of your time trolling on YouTube typing total bullshit and obvious lies. the rothschilds of england (est. worth 500 TRILLION, Owners of the Federal Reserve Bank of the USA) pay millions to weak minded shills like you to do just that
@MrHarry46 HAHAHAHA so I'm weak minded but I earn millions trolling youtube videos?! Sick life. I have given facts with sources you have not presented any evidence at all...
Pretty unlikely you ever worked at the Federal Reserve Bank in the USA. You are crazy man get some help...
@checkcall123 Mr.Harry is insane and his basic math skills are made more complex by hallucinations and delusions. He isn't representative of the average American, indeed, most people on youtube aren't. (we tend to have jobs and little time for things like this)
the govt's the third party and he is the one to blame for all of this. Once we are smart anough to know that he is the third party and stop been ignorant and think for ourselfs w3 will come into a conclusion that we have to do something fast but it's gonna be too late for us. Just save a lot of can food and water to survive the prophecy coming up soon. C'mon people we are thriving to become the supreme beings of our universe but all of this is just gonna make us stronger...if we survive.
Of the many Peter Schiff videos, this is still my favorite. It covers everything & says it all... Peter, remember the words of Churchill; "Never give in, never give in, never; never; never; never – in nothing, great or small, large or petty – never give in except to convictions of honor and good sense !"
Of the many Peter Schiff videos, this is still my favorite. It covers everything & says it all...
Peter, remember the words of Churchill; "Never give in, never give in, never; never; never; never – in nothing, great or small, large or petty – never give in except to convictions of honor and good sense !"
When you or I loan money to someone we first have to produce something and get paid for it before we loan it out.
The bank that the gov borrows money from is the Federal Reserve. The money that the Fed loans is not money that someone earned and deposit in the bank,
the money the Fed loans is simply a check made out to the gov. There is no real production behind it. The check has the same purchasing power as a check that you or I may write. It is indeed just printed.
Drug use is not the best analogy for the inner workings of the economy.
Business cycles can be manipulated by those with the vast majority of the wealth which gives them the vast majority of the power. Look at the way Swaps were used. When all powerful players are given no rules but one: Make $=succed...it is IMPOSSIBLE to create stability.
I think all of us Schiff fans will feel a bit of vindication when the economy really collapses, but we don't actually want to see it happen, if we are smart. No one knows what the future will be. and how dark of a period we will really go through after the "Asians boot the American off the island" as Schiff put it.
I worry about these analogies... the macroeconomy is exceedingly complicated and I feel like he's oversimplifying the issues. Yes, absolutely people should stop spending like it's going out of style and governments have to adopt fiscal responsibility, but the idea that central banks are to blame for all of this is ludicrous. The Austrian school of economics (which he is parroting word for word) lacks credibility and has very little evidence in its favour compared with mainstream branches.
@dherma "central banks are to blame for all of this is ludicrous."
Why is that? Jefferson warned us about central banks and low and behold he was right. The Austrian School has got history on its side... whether it be the housing bubble, the stagflation in 70s, Japans economy (especially in the 90s), the great depression which was exacerbated by FDR. Also when the Harding let the market correct itself in the forgotten depression of 20-21 it was quick and relatively painless.
@bonfirejovi You're talking about very different things. The housing bubble has nothing to do with the central banks, and everything to do with lax credit regulations, predatory lenders, and consumers who stretch their budgets to the limit. Stagflation was due to an oil shock, which the banks tried (unsuccessfully) to correct by raising interest rates. However, such a policy may well have prevented hyperinflation. The Great Depression was sparked by stock market failure and excessive risk-taking
@dherma i didnt have enough space to right this in earlier but im talking about very related things.
the central bank artificially drives interest rates down which distorts the market and leads to misallocation of resources (as can be seen in housing market with houses no one can afford). This process continues until the market tries to correct itself in the bust and all the bad assets have to be liquidated.
not only that the lax loaning and creation of freddie and fannie were government...
@bonfirejovi Yes they shouldn't have put interest rates as low as they have. Still, I think that government should take a more active role in regulation and education, not backing off as Austrian schoolers would suggest. To generalize that all central banks and governments are useless is completely false. Most countries (such as Canada) have a financial sector that didn't engage in risky lending and survived just fine financially (even with the evil central banks offering similar interest rates)
@dherma im not familiar with canada, but i can look at american and japanese and british history and it shows that giving the money supply to the central bank has always ended up in a huge bust.
as far departments such as education goes, they have proven inefficient. History shows that government is inherently inefficient. If there is choice schooling or choice medicine (not insurance) then creates competition, efficiency and innovation. government picking winners is never good.
@bonfirejovi You are ignoring many, many countries where the central banks have not caused any significant problems. Besides, I would like to see your statistics that says that government is always inefficient. For example, Canada's single payer health insurance has an overhead of 1.3%, whereas the average private insurer has at least 10-15%. Living where I do with many efficient government entities (and I suspect much of Europe is similar), I must humbly disagree with that theoretical model.
Common sense isn't too common. I didn't think my views matched anyone elses until I stumbled upon Ron Paul and Peter Schiff. I was an uniformed registered democrat until I got a history and economic lesson. They cured my disease of apathy. Face it, the government will always do what it wants, they just try and get as many of the American people behind it as they can for PR. Of the government, by the government, for the government. Period.
Schiff they did have weapons of mass destruction talk to some Marines who guarded some of their depot sites that the "intel community" tried to cover up by not reporting finding it. Typical leftist propaganda.
Peter Schiff is fantastic. At least he is honest, knows the facts, and can talk about it in a way that makes me laugh and doesn't completely depress me.
Peter Schiff, with all his analogies, was correct. Not only was our bubble economy headed for a crash, but it crashed and the way we have gone about fixing the problem will lead to another crash. Hopefully next time, Americans will demand that the government ends the bailouts and supports the idea of rebuilding an economy that is based on tangible wealth, not irresponsible greed.
LMAO. You're equating success with intelligence? It's not hard to be successful when all you do is pander to the dimwits of the world. Do you consider the Pope successful too?
"... they might as well nominate my six-year-old to be the Secretary of the Treasury, at least he would play with his toys instead of screwing up the economy."
Peter Schiff should or possibly will prove himself when his company keeps doing better and better. He should boast about this when it happens and this will add to his credibility and explain to people that he WAS so successful because of his proper non-contradictory fundamentals.
Everyone spread these names around!! copy,paste,and post!:
Peter Schiff, Ron Paul, Rand Paul, RJ Harris, Judge Andrew Napolitano, Lew Rockwell, Thomas Woods, 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, dollardaze(dot)org, goldismoney(dot)info
Why should Americans be saving useless dollars Peter?Saving them where? In mattress or the banks you say are insolvent? If the dollar is tanking that advice is about as useful as tits on bulls.
I like his advice about second mortgages being a waste to pay back since they won't call the loan in. Credit cards can piss up rope too. If dollar crashes what's use in Fico score? If banks are not lending anyway?I think elite have got gold figured out too. It just wouldn't be that easy to just buy gold.
Man between celente and schiff I thought we were going to be toast by end of march 09. Are we going to have hyperinflation or not?Where's the run on banks?Wher's martial law?Food scarcity?
Our gov does borrow money from the Fed right? Then guess who gets to pay the interest on their loans from the Fed? We do. If anyone in the gov had a set of balls they would print their own money and say fuck the Fed.
Private corp. doesn't have to disclose to the public how it does things, Govmt on the other hand has to disclose avrything. This status quo is actually very comfortable for Govmt, they don't have any insentives to change it
Yes the problem with this is that 98% of americans believe that our gov't prints the money. If you tell them that the gov't borrows from a bank and has to pay them back with interest they will be in disbelief. Some still think that the dollar is still back by gold. America is truly ignorant.
Ok he is dead on right about predicting and now assessing the situation. But I'm coming away every time I listen to the perfectly correct Schiff. I'm always looking for a solution to the masses. It's too ;ate now to tell us to start saving. His gold stocks are up. I'm too broke to buy gold. What is his advice that doesn't take a fortune to secure?I also disrespect his lack of telling the truth about the govt. engineering this whole thing. They are not inept. They are genius at this evil game.
You are right maybe I can afford to buy $1,000 or $2,000 worth of gold, but is that really that much? When dollars are not worth anything how long is $2,000 worth of gold going to last me? One or two months at the most. Then what?
i must be the only guy with out a credit card call me stupid but why pay more for something. just to get a score lol people must be a fucken stupid drunk five year old. Seriously im sorry but i cant afford to pay for your lincon navigator and the extra bathroom in granit. i live by my means its called rent food free tv not cable and a 1,000 car gets me to where i need to be. Im 30 and i realize you cant take it with you when you die, but why make your children suffer from the fed junkies.
Even if he does believe that this is a conspiracy (which I think it is), he won't say it in public. He would lose a lot of his credibility (or be assassinated) if he said this was a purposeful collapse, as sad as that is to say.
Schiff. Is. The. MAN.
supahsekzy 1 month ago
Peter Schiff even speaks in PARABLES / METAPHORS / ANALOGIES the same way Jesus did.
markymarkuss777 2 months ago
By far the best one is "The reason we have a flood is because Alan Greenspan BLEW UP THE DAM!"
grumpone 3 months ago
"OMG!" We have a untrained, blind, drunk pilot.
serialkiller1990 3 months ago
We need a 2011 update! We need to go through hours of hours of his past radio shows and dig up more analogies =)
Fermion5 8 months ago 4
I urge everyone to send Schiff vids to friends and family. He's definitely a name amongst people like US... but he's virtually unknown to the common public.
If you find a great Schiff vid... PLEASE pass it along to a friend!!! :)
freezazoid 9 months ago
The first one caught me completely off guard.
haxidle 9 months ago
Comment removed
BackInsight 9 months ago
"They might as well nominate my six year to be treasury secretary. At least he would play with his toys instead of screwing up the economy." Priceless
bamafanmco 9 months ago 3
"We've just been going on a consumption binge, where we borrow money like drunken sailors from the rest of the world, and blow it!" Classic!
JoKo203 9 months ago
lol peter schiff has such a clear understanding of economics it scares most people
TheBlitz1 9 months ago 9
Great Vid.Thanks for the upload
AmRonPaulian 10 months ago
2:44-2:52 hilarious
csperl1 10 months ago
PETER SCHIFF HE WAS A PROPHET DUMB DUMB DUMB DUMB DUMB
fuckooo 10 months ago
I love the spike punching analogy, it's perfect.
Pdrum2 10 months ago
@Pdrum2 I too like the idea that the government is poison.
coit105 9 months ago
This has been flagged as spam show
Obama and bernake must Watch this video and learn from it....
elvin20ny 10 months ago
Great video on where our economy is going, and the Gov / Fed is saying it is sound, it's like a house of cards, and ready to go flat.
DudeItzMeeIvana 10 months ago
This has been flagged as spam show
The very fact Peter Schiff (Jewish) is even ON main stream media, means that he is "approved" by the powers that be.
What this video DOESN'T tell us about the Federal Reserve:
All Chairmen of the Federal Reserve since 1987 have been JEWISH!
# Alan Greenspan - JEWISH (August 11, 1987 - January 31, 2006)
# Ben S. Bernanke - JEWISH (February 1, 2006 - Until the internal destruction of the United States?)
Jews make up 0.2% of the world population...
Can you say; CONTROLLED OPPOSITION?...
WatchMissingLinks 10 months ago
LOVE this. Thanks for posting
csperl1 10 months ago 2
Thank you for sharing, Ken and Brenda Battle Jordan.
kbjordan08 11 months ago
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This video is brilliant!
rrawat02 11 months ago
"they might as well nominate my 6 year old to be treasury secretary. At least he would play with his toys instead of screwing up the economy" - wow wow wow :D
MaikUniversum 11 months ago 3
Fuck I love this guy :D More people like him
MaikUniversum 11 months ago
★★★★★ stars! Happy Scalping , Traders!
freeSCALPINGindicato 1 year ago 2
PETER SCHIFF - The Consumer Island Analogy, it tells it all.
Playboysmurf1 1 year ago 5
He always comes up with interesting analogies like:
Selling cows and chicken to buy milk and eggs.
Bulls eye on your back if you are a saver.
Straight A policy :)
Pilot who don’t know how to fly in addition to that he is blind and drunk!
Thinking of caboose and dead weight an engine!
America convinced a billion Chinese to paint our fence and to pay us for the privilege.
SimplySaleem79 1 year ago 2
Shame he didn't get elected to the Senate, I feel we need younger guys like this coming through politics because if not we are in trouble, Ron Paul is 75 and we better hope he isn't one of a kind.
DukeofWellington91 1 year ago 4
We're not convincing the Chinese to paint our fence, we're convincing Mexicans...(who are running from drug cartels, no less.) The Chinese, however supplied the paint and brushes...
Rensune 1 year ago
10 dislikes? Must be the guys that don't allow comments on their pages like the Schitt report and other losers.
justgetsome 1 year ago 4
scoraging? portmanteau of forage and scouring?
kellerj0 1 year ago
Best Video I've seen all month. Peter Schiff is a genius.
danthemango 1 year ago
Hitler Is Informed Peter Schiff Was Right
BarryOcuda 1 year ago
"the american did nothing all day but sun himself on the beach, he had a service economy!" hahaha
runarolsen 1 year ago
lmao i had no idea how funny peter schiff is. Ron Paul needs to adopt similar rhetoric on interviews
stoneecold23 1 year ago 2
WHO will feel this economic crash first --- IT will be working class.
Truckers are feeling it on their skin.
aviomaster 1 year ago
I found it and I'm hooked. The only problem is everyone else will wake up now that Peter is sounding the alarm. We have a several months left before the total collapse of the American economy prepare for your family and leave if you have the means. Check out Biospharms in Belize. A good safe English place to retreat to while the storm passes.darinsmith@inbox.com
biospharms 1 year ago
Peter, start a Internet talk show and have a debate on it every night. People are starting to wake up. When I first started watching you on here there were only hundreds watching. Now you are getting tens of thousands of views. Tell all of us how better to promote you so the world can know the truth.
biospharms 1 year ago 3
@biospharms Peter now has a daily radio show in CT. You can listen online at schiffradio.
Loyal2Liberty 1 year ago
the comment wars are as good as the vids sometimes hahahaha
theicjbm 1 year ago
Austrian School Rocks !
Peter Schiff Rocks !
jasan2121 1 year ago
.......and jesseventuranotaseal seems to follow MrHarry all over YouTube trying to "discredit" words.(her very own nick is trying to discredit another human being) this monkey is a paid rothschild shill and its SO hilarious how she exposes herself and the rothschilds. talk about math skills!. this bitch KNOWS if word EVER gets out that the rothschilds own her ass OR the Federal Reserve Bank of the USA the rothschilds of england are doomed!! 500TRILLION-500TRILLION= 0 this cunt knows THAT #
MrHarry46 1 year ago
Peter's latest and greatest is: "Keynesians are to economics what witch doctors are to medicine."
hummarstra 1 year ago
the worst metaphore?......the roths--childs of england (est. worth 500 TRILLION) have designed this "wagon", this runaway train. their policy is sink the US economy and the US Dollar(they literaly OWN the FEDERAL RESERVE BANK(its a foreign central bank owned by the roths-childs, look into it ),they can do this since you the american people are WAY too weak and divided and SO unintelligent to even REMOTELY know whats going on let alone STOP them). it was nice knowing you USA. goodbye.
MrHarry46 1 year ago
@MrHarry46 lol, 500 trillion. They also did 9/11...
(sarcasm)
checkcall123 1 year ago
@checkcall123 be as sarcastic as you like .... youre closer to the truth than you will ever know(unless youre a paid rothschilds shill sitting on YouTube 24-7 arguing with people like me)
MrHarry46 1 year ago
@MrHarry46 LOL, why you Americans like to believe in so much bs? Do you know how much money there is in the world?
checkcall123 1 year ago
@checkcall123 there is not one cent worth of money in the world.......untill you assign something a value.
MrHarry46 1 year ago
@MrHarry46 lol way to not answer the question, the world economy is aprox. 70 trillion dollars so to say Rothschild's are worth 500 trillion is kinda... stupid.
checkcall123 1 year ago
@checkcall123 do you have the left or right side of your brain in gear?...or either?. by all known accounts, the rothschilds of england, (est. worth 500 TRILLION, Owners of the Federal Reserve Bank of the USA) literaly own half the worlds wealth. if you choose to make your own numbers up thats your decision. EVERY LAST COMMODITY on planet EARTH combined per year(GDP) may be worth 70 TRILLION,but who owns the countries themselves? in ten years 70 trillion becomes 700 trillion etc..
MrHarry46 1 year ago
@MrHarry46 LOL What known accounts???? It's you making up numbers not me. By known accounts the whole Rothschild family are worth $1,5 BILLION not trillion. According to forbes and independent journalists what sources do you have? Alex Jones?! LOOOOL GTFO crazy fking american, you a truther as well?
checkcall123 1 year ago
@checkcall123 look slut....you cant hide their wealth. simply type "rothschild" up in the searchbar top of this page, hit enter, begin your own research. do it NOW before they turn the internet off (there are bills in (US)congress TO DO JUST THAT). Im not going to argue with your stupid paid shill ass. do your own research you lazy piece of shit. the rothschilds are bankers from england. they are worth est. 500 TRILLION, they OWN the Federal Reserve Bank of the USA. look into it
MrHarry46 1 year ago
@MrHarry46 Yeah google results from random internet forums/youtube = credible source.
Forbes= fake source.
Wow u dumb there is NO real proof of them having anything close to that number so go fuck yourself and continue to live in a dream world, what are the chances of you being a global warming denying christian fktard, 99%?
checkcall123 1 year ago
@checkcall123 you silly little pig. I worked for over a year in JUST ONE Federal Reserve Bank in the USA, (there are 12 of them in the US) and that particular bank had 1.5 BILLION DOLLARS IN ITS VAULT ALONE! youre an obvious kook with no information and spend most of your time trolling on YouTube typing total bullshit and obvious lies. the rothschilds of england (est. worth 500 TRILLION, Owners of the Federal Reserve Bank of the USA) pay millions to weak minded shills like you to do just that
MrHarry46 1 year ago
@MrHarry46 HAHAHAHA so I'm weak minded but I earn millions trolling youtube videos?! Sick life. I have given facts with sources you have not presented any evidence at all...
Pretty unlikely you ever worked at the Federal Reserve Bank in the USA. You are crazy man get some help...
checkcall123 1 year ago
@checkcall123 hahahah up your ass you been drinking piss again. get to bed. youre a joke
MrHarry46 1 year ago
@MrHarry46 You are fking crazy...
checkcall123 1 year ago
@checkcall123 hahahahah up your butthole chimp. Im RIGHT. you will never prove me wrong. try I dare ya. hahahaha...stop drinking piss get to bed kidd
MrHarry46 1 year ago
This has been flagged as spam show
@MrHarry46 Well you haven't proven anything at all so... I'm done with you troll, I'll say it again GET HELP.
checkcall123 1 year ago
This has been flagged as spam show
@MrHarry46 Well you haven't proven anything at all so... I'm done with you troll, I'll say it again GET HELP.
checkcall123 1 year ago
@checkcall123 Mr.Harry is insane and his basic math skills are made more complex by hallucinations and delusions. He isn't representative of the average American, indeed, most people on youtube aren't. (we tend to have jobs and little time for things like this)
jesseVenturanotaSeaI 1 year ago
Oh god this is hilarious.
Tomminightmare 1 year ago 19
4:50-5:00
Glenn Beck is such a fraud!
randyguitarman13 1 year ago
@randyguitarman13 yes he is, glenn beck is the definition of a LINO
bonfirejovi 1 year ago
LOL!
TheLuciferianAvatar 1 year ago
6:35
ZING!
TheTubeTimeMaster1 1 year ago
I spit out my drink (in laughter) when I heard the 6yr old analogy
kevreilly7 1 year ago
this guy is a genius...
miroslav83 1 year ago
the govt's the third party and he is the one to blame for all of this. Once we are smart anough to know that he is the third party and stop been ignorant and think for ourselfs w3 will come into a conclusion that we have to do something fast but it's gonna be too late for us. Just save a lot of can food and water to survive the prophecy coming up soon. C'mon people we are thriving to become the supreme beings of our universe but all of this is just gonna make us stronger...if we survive.
BigIronBaller714 1 year ago
This has been flagged as spam show
Of the many Peter Schiff videos, this is still my favorite. It covers everything & says it all... Peter, remember the words of Churchill; "Never give in, never give in, never; never; never; never – in nothing, great or small, large or petty – never give in except to convictions of honor and good sense !"
y2ktube 1 year ago
Of the many Peter Schiff videos, this is still my favorite. It covers everything & says it all...
Peter, remember the words of Churchill; "Never give in, never give in, never; never; never; never – in nothing, great or small, large or petty – never give in except to convictions of honor and good sense !"
y2ktube 1 year ago
To NWAsMostWanted:
When you or I loan money to someone we first have to produce something and get paid for it before we loan it out.
The bank that the gov borrows money from is the Federal Reserve. The money that the Fed loans is not money that someone earned and deposit in the bank,
the money the Fed loans is simply a check made out to the gov. There is no real production behind it. The check has the same purchasing power as a check that you or I may write. It is indeed just printed.
JohnRinNoHo 1 year ago
The Schiff is about to hit the fan.
jjcarlso 1 year ago
Peter is the king of analogies!
3DNC 1 year ago 4
You should watch this video.
bonehardaggin 1 year ago
im laughing my ass off... Peter Schiff is both clear-minded and hilarious.
davidkoh7 1 year ago 3
Drug use is not the best analogy for the inner workings of the economy.
Business cycles can be manipulated by those with the vast majority of the wealth which gives them the vast majority of the power. Look at the way Swaps were used. When all powerful players are given no rules but one: Make $=succed...it is IMPOSSIBLE to create stability.
HopeForPeaceNow 1 year ago
How is........ giving the vast majority (today 93%, .17% more every year) of our wealth to the Elite/Bilderberger/Corporate Power grid........
......giving them no rules to play by and........ no one to oversee them......
is Constitutional... or what America wasbased on?
HopeForPeaceNow 1 year ago
I think all of us Schiff fans will feel a bit of vindication when the economy really collapses, but we don't actually want to see it happen, if we are smart. No one knows what the future will be. and how dark of a period we will really go through after the "Asians boot the American off the island" as Schiff put it.
twowheelterror 1 year ago
I worry about these analogies... the macroeconomy is exceedingly complicated and I feel like he's oversimplifying the issues. Yes, absolutely people should stop spending like it's going out of style and governments have to adopt fiscal responsibility, but the idea that central banks are to blame for all of this is ludicrous. The Austrian school of economics (which he is parroting word for word) lacks credibility and has very little evidence in its favour compared with mainstream branches.
dherma 1 year ago
@dherma "central banks are to blame for all of this is ludicrous."
Why is that? Jefferson warned us about central banks and low and behold he was right. The Austrian School has got history on its side... whether it be the housing bubble, the stagflation in 70s, Japans economy (especially in the 90s), the great depression which was exacerbated by FDR. Also when the Harding let the market correct itself in the forgotten depression of 20-21 it was quick and relatively painless.
bonfirejovi 1 year ago
@bonfirejovi You're talking about very different things. The housing bubble has nothing to do with the central banks, and everything to do with lax credit regulations, predatory lenders, and consumers who stretch their budgets to the limit. Stagflation was due to an oil shock, which the banks tried (unsuccessfully) to correct by raising interest rates. However, such a policy may well have prevented hyperinflation. The Great Depression was sparked by stock market failure and excessive risk-taking
dherma 1 year ago
@dherma i didnt have enough space to right this in earlier but im talking about very related things.
the central bank artificially drives interest rates down which distorts the market and leads to misallocation of resources (as can be seen in housing market with houses no one can afford). This process continues until the market tries to correct itself in the bust and all the bad assets have to be liquidated.
not only that the lax loaning and creation of freddie and fannie were government...
bonfirejovi 1 year ago
@bonfirejovi Yes they shouldn't have put interest rates as low as they have. Still, I think that government should take a more active role in regulation and education, not backing off as Austrian schoolers would suggest. To generalize that all central banks and governments are useless is completely false. Most countries (such as Canada) have a financial sector that didn't engage in risky lending and survived just fine financially (even with the evil central banks offering similar interest rates)
dherma 1 year ago
@dherma im not familiar with canada, but i can look at american and japanese and british history and it shows that giving the money supply to the central bank has always ended up in a huge bust.
as far departments such as education goes, they have proven inefficient. History shows that government is inherently inefficient. If there is choice schooling or choice medicine (not insurance) then creates competition, efficiency and innovation. government picking winners is never good.
bonfirejovi 1 year ago
@bonfirejovi You are ignoring many, many countries where the central banks have not caused any significant problems. Besides, I would like to see your statistics that says that government is always inefficient. For example, Canada's single payer health insurance has an overhead of 1.3%, whereas the average private insurer has at least 10-15%. Living where I do with many efficient government entities (and I suspect much of Europe is similar), I must humbly disagree with that theoretical model.
dherma 1 year ago
Common sense isn't too common. I didn't think my views matched anyone elses until I stumbled upon Ron Paul and Peter Schiff. I was an uniformed registered democrat until I got a history and economic lesson. They cured my disease of apathy. Face it, the government will always do what it wants, they just try and get as many of the American people behind it as they can for PR. Of the government, by the government, for the government. Period.
jlaurencew 1 year ago
@jlaurencew also lets not forget, by nature the government has ALWAYS been an inefficient entity.
bonfirejovi 1 year ago
amazing peter was, and a good teacher
AntiPsychopath 1 year ago
I like the pixy sticks one
TheSophist2007 1 year ago
It's ok. Blackwater will take 'em in lol.
1XMarksSpot 1 year ago
LOOOL, i laughed so hard.
In a recent speech to conneticut votes, he made another fun analogy:
"We're in this hole and we,ve gotta dig our way out, but the gouvernment is standing on all the shovels"
CortoMaltese86 1 year ago 26
I like Schiffs analogies a lot.
MrRuigni 1 year ago 4
Schiff they did have weapons of mass destruction talk to some Marines who guarded some of their depot sites that the "intel community" tried to cover up by not reporting finding it. Typical leftist propaganda.
deltapunk21 1 year ago
Peter Schiff is fantastic. At least he is honest, knows the facts, and can talk about it in a way that makes me laugh and doesn't completely depress me.
jeremyraybrown 1 year ago
Peter Schiff, with all his analogies, was correct. Not only was our bubble economy headed for a crash, but it crashed and the way we have gone about fixing the problem will lead to another crash. Hopefully next time, Americans will demand that the government ends the bailouts and supports the idea of rebuilding an economy that is based on tangible wealth, not irresponsible greed.
Doc418 2 years ago
Watch my video. It will blow your mind away!
fridaysabtu 2 years ago
only if schiff could add in a sexual innuendo in that, I'd cry from laughter.
sil3ntxOblivion 2 years ago 3
when I heard the 6:29 comment I did cry for a moment. What a scream!
labulldog5 1 year ago
Castaways and a fat American analogy - so true...
bgterra 2 years ago
Glen Beck is a buffoon
requiemdexter 2 years ago 4
He is much more successful than you are, Dork. What time is YOU show on? I'll make sure I tune in.
engine2truck6 2 years ago
LMAO. You're equating success with intelligence? It's not hard to be successful when all you do is pander to the dimwits of the world. Do you consider the Pope successful too?
requiemdexter 2 years ago
Yes. The Pope is more successful than you are also.
engine2truck6 2 years ago
"... they might as well nominate my six-year-old to be the Secretary of the Treasury, at least he would play with his toys instead of screwing up the economy."
Absolutely hilarious
ih8ronpaulh8ers 2 years ago
1:00 1300 on the SP with $600 Gold to presently 1100 on the SP with $1150 Gold---
mmeredith82 2 years ago
i love that i was able to thumbs up every comment! U people get it
danoftherepublic 2 years ago
$1,034,964 now raised according to his campaign website.
thatmafiaguy 2 years ago 3
3:20
BTbass 2 years ago 3
5.34 blow us all up ))))))))))
gus196666 2 years ago 3
I love peter's parables....
Breaks it down so anyone can understand it!
maraljan 2 years ago 10
5:27 best analogy ever!!!
SENTRY000 2 years ago 12
"They should nominate my 6 yr. old for treas. sec. At least he will play with his toys and not screw up the economy". Ouch!
27Glory 2 years ago 95
@27Glory That is my favorite Schiff quote of all time!
AnarchoRich 1 year ago
@27Glory Burn!
dkswede 1 year ago
Support him for the Senate seat. Send the traitor home.
27Glory 2 years ago 14
a CNBC(?) anchor said to Peter Schiff, I know you say we're going to hell in a handbasket.
Peter replies, I never said we'd go there in a basket. LOL
herbs814 2 years ago 8
$526,738 raised so far. schiffforsenate com
MishuTaste 2 years ago 8
Peter's dad is pretty great too, Irwin Schiff
n66178 2 years ago 3
The fat American analogy was great!
bjorinn 2 years ago 4
at least he would play with his toys instead of screwing up the economy
hahahahaha
owenander 2 years ago 12
5 stars! Comedy like this should have to be paid for, not free!
welsha72 2 years ago 7
"The government is like a kid experimenting with a chemistry set, and eventually they are going to blow us all up"
Classic Stuff
lostprophet912 2 years ago 7
A good mortgage is like a work of art.
mortgageartist. com
MrMortgage1 2 years ago
very funny
atheistnarnia 2 years ago
Peter Schiff should or possibly will prove himself when his company keeps doing better and better. He should boast about this when it happens and this will add to his credibility and explain to people that he WAS so successful because of his proper non-contradictory fundamentals.
oryxx 2 years ago 3
Peter for Prez!!
labulldog5 2 years ago 6
Peter we wish you all the best !!! You're voice is a true wake up call !!! we should spread this video !!!
litetheory 2 years ago
i like the fat american analogy...it's so true!
kristinaF54 2 years ago 6
Paul/Schiff 2012
wuzcloopin 2 years ago 6
Everyone spread these names around!! copy,paste,and post!:
Peter Schiff, Ron Paul, Rand Paul, RJ Harris, Judge Andrew Napolitano, Lew Rockwell, Thomas Woods, 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, dollardaze(dot)org, goldismoney(dot)info
Vote4Libertarians 2 years ago
You Forgot Max Keiser
ELREY120 2 years ago
They might as well put my six year old in charge of the Treasury .... LOL .... had to watch this twice!! Fantastic.
We are the caboose!!
Noisycowonline 2 years ago 2
4:28 senior prom lol
Schiff is the man.
Noisycowonline 2 years ago 2
This is perfect for my analogies section of my video project for English. It's so funny he keeps using heroin in his analogies
Thrashfro384 2 years ago
I like the one around 5:30. crony's in washington with the chem set. ahahaha
ScottcNehrer 2 years ago 3
Hahaha, Schiff's analogies are by far the best!!!
Thrice13 2 years ago 7
PWNZZZ!
51674 2 years ago
This has been flagged as spam show
THE bible says the earth is decaying not evolving
You shall not lie
You shall not murder
You shall not commit adultery
You shall not steal
it is appointed unto men once to die, but after this the JUDGEMENT:
whosoever was not found written in the book of life was cast into the LAKE OF FIRE.
Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father,but by me
that whosoever shall call on the name of the Lord SHAL BE SAVED
ARE YOU SAVED?
valu777 2 years ago
Relativity: the key to all mind's
popeontop 2 years ago
Why should Americans be saving useless dollars Peter?Saving them where? In mattress or the banks you say are insolvent? If the dollar is tanking that advice is about as useful as tits on bulls.
I like his advice about second mortgages being a waste to pay back since they won't call the loan in. Credit cards can piss up rope too. If dollar crashes what's use in Fico score? If banks are not lending anyway?I think elite have got gold figured out too. It just wouldn't be that easy to just buy gold.
rrdrums110 2 years ago
@rrdrums110 ... mutual funds investing in asia, nickel, copper, oil are some good places to park your money while the US dollar tanks. :)
1cherrylane 1 year ago
Man between celente and schiff I thought we were going to be toast by end of march 09. Are we going to have hyperinflation or not?Where's the run on banks?Wher's martial law?Food scarcity?
Chemtrails are a bigger issue that never mentions
rrdrums110 2 years ago
@rrdrums110 ... patience....it's no longer a question of "if" but "when"...... it's a comin elizabeth!
1cherrylane 1 year ago
"...all this exces lavrage is there because of the Government, because of the FED..."
-- FED is not the Government. it is a privately owner corporation. So why does Schiff blaming Government?
barskaya 2 years ago
Our gov does borrow money from the Fed right? Then guess who gets to pay the interest on their loans from the Fed? We do. If anyone in the gov had a set of balls they would print their own money and say fuck the Fed.
justanotherkevin 2 years ago
Private corp. doesn't have to disclose to the public how it does things, Govmt on the other hand has to disclose avrything. This status quo is actually very comfortable for Govmt, they don't have any insentives to change it
barskaya 2 years ago
Yes the problem with this is that 98% of americans believe that our gov't prints the money. If you tell them that the gov't borrows from a bank and has to pay them back with interest they will be in disbelief. Some still think that the dollar is still back by gold. America is truly ignorant.
NWAsMostWanted 2 years ago 53
Sadly enough, even when you try to explain this to most Americans... they dismiss you as a "conspiracy theorist" ....sigh
hear no evil, speak no evil, see no evil. I'm sure the gov't will take care of us....yeah, I'm sure they will, just go back to sleep little sheeple
mac9641 2 years ago 9
shiff is a wonderful speaker!! He needs to write the speeches for Ron Paul in 2012!!
drewd1987 2 years ago 3
"It doesn't matter who the captain of the titanic is, the ship is going down..."
"Selling off our cows and chicken to buy milk..."
"If a kid tells his parents he has a strait A policy, and slacks off and ditches class, that does not mean he will get all A's"
"Do you like fishsticks?"
fluff125 2 years ago
This is one of the funniest videos I've ever seen!
brownns83 2 years ago 3
Ok he is dead on right about predicting and now assessing the situation. But I'm coming away every time I listen to the perfectly correct Schiff. I'm always looking for a solution to the masses. It's too ;ate now to tell us to start saving. His gold stocks are up. I'm too broke to buy gold. What is his advice that doesn't take a fortune to secure?I also disrespect his lack of telling the truth about the govt. engineering this whole thing. They are not inept. They are genius at this evil game.
rrdrums110 2 years ago
You are right maybe I can afford to buy $1,000 or $2,000 worth of gold, but is that really that much? When dollars are not worth anything how long is $2,000 worth of gold going to last me? One or two months at the most. Then what?
Screw gold I'm buying ammo.
justanotherkevin 2 years ago
Love his analogies, lol. always about drugs, drink and violence. :D
delatroy 2 years ago 2
thats what everybody get's :)
LunkvanTrunk 2 years ago
He's like the wise old wizard with all his knowledge bestowed through fable. =D
this dude is so awesome.
wonderlandink 2 years ago 5
Peter is obviously a very fluent speaker, almost like a 'motor mouth', and somehow manages to get his speeches posted all over the web...
freedomobserver 2 years ago
This comment has received too many negative votes show
all fluff with very little substance... i still favorited it but, solely for the analogies...
2fresh4dell 2 years ago
maybe it has little substance cos its cut from something with substance only for the sake of analogies....
sujajajjaakakajjs 2 years ago
watch?v=5VO-DdWtaNY&feature=channel_page
DraceAmar 2 years ago
Great Video!!!
FreedomFighter2285 2 years ago
I love how Peter says "caboose". :D
MooseOfReason 2 years ago
was peter schiff right, or do you agree with the leader of the aryan race...
watch?v=KAGa1mbBvC8
schiffhashitthefan 2 years ago
i must be the only guy with out a credit card call me stupid but why pay more for something. just to get a score lol people must be a fucken stupid drunk five year old. Seriously im sorry but i cant afford to pay for your lincon navigator and the extra bathroom in granit. i live by my means its called rent food free tv not cable and a 1,000 car gets me to where i need to be. Im 30 and i realize you cant take it with you when you die, but why make your children suffer from the fed junkies.
deathmarch5 2 years ago
wow. a lincoln navigator with more than one granite bathroom? that is excessive
musclegrab 2 years ago
I learned a lot from Peter Schiff and Ron Paul. True patriots!!!
toybandit 2 years ago 9
man, I hate it when people gush
but, you're right, of course :-)
musclegrab 2 years ago
what, like in those porn movies?
ianclivewright 2 years ago
why does he still think that the fed did all this by mistake!!!!
Shiiiit!
Do you really think these ppl are that stupid?
They're destroying this economy on purpose.
ZEITGEIST
MONEYmakingTUTORIALS 2 years ago
Maybe, but is he right in investing in foreign assets or does the rest of the world want a world reserve (I assume fiat) currency.
enduro0276 2 years ago
Even if he does believe that this is a conspiracy (which I think it is), he won't say it in public. He would lose a lot of his credibility (or be assassinated) if he said this was a purposeful collapse, as sad as that is to say.
MrToiletIAmTheShit 2 years ago
I was just thinking about an analogy for the economic crisies that involved a alcoholic and alcohol and I found this clip!
FREE MARKET FOR THE PRESIDENT!
Giwen 2 years ago
How many times does he have to be dead on right before the news anchors start to take him seriously????
cmanw 2 years ago 4
im glad im not the only one who thinks schiff is the man
nogdog21 2 years ago 5