Peter Schiff April 30 2008 CNN - Issue #1,Inflated Recession

[redsoxx2424]

i love these guys that try to make a moral argument as to why a recession is unnecessary. just because some people had nothing to do with the housing bubble doesn't mean they're not going to suffer. that's the equivalent of saying a plane shouldn't fall out of the sky because the passengers had nothing to do with the engine failure. well the laws of physics say otherwise, and the laws of economics do not make ethical judgements.

[deltapunk21]

The people in the market trust one another they don't trust the gov bullshit.

[aviomaster]

- I talked bad about USA , but if this plan , bailout plan , lowers payments on the houses which declined in value ,

than people will extra money spend in the stores , which may bring back the economy ,

[mac9641]

it won't. The bailout is an artificial stabilizer, but once it wears off we will be in a worse spot than we were in before. We will have more debt and a MUCH weaker dollar. Even if we have a little bit more money it will be worth a lot less

[WestsideEngzell]

Peter! you have to look more cold! good job! love you! you are right, this world is falling! kiss

[ggadguy]

If you want more Peter Schiff articles, news, videos and his weekly podcast, check out Peter-Schiff . com, which is all on one page.

[reYKCuf]

"countdown to the fed", CNN is the tip of the spear when it comes to bullshit.

[FuckUtube2008]

i honestly don't know what everybody's talking about. when i go to the grocery store, i still pay the same prices for everything as i always have and my energy bill seems to be the same price as it's always been. the only real inflation i see is with gas prices.

[ForTheLOVEofBeauty]

schiff is warning about the impending hyperinflation that is unavoidalbe. we have been borrowing from the Chinese, the Saudis, and the Japanese all throughout the 90's as Greenspan inflated like crazy. so we had efectivly exported our inflation. well REAL SOON they will dump the dollar back to us cuz they will wake up and realize that they're realy worthless. one day you will pay $100 for a loaf of shitty bread and then you may thank the Fed for that, for having wasted our once wealthy nation.

[ForTheLOVEofBeauty]

WE NEED RON PAUL AND PETER SCHIFF! they have been warning us since I was shitting on diapers made in china.

[FuckUtube2008]

so are u in favor of this 700 billion dollar bailout or do u think it's a waist?

[FuckUtube2008]

all of that may be true, but as i've stated, i just haven't noticed the inflation in food prices everyone else has. maybe i just don't pay close enough attention, but i will say that i paid very close attention to the price for a gallon of milk when i was at the grocery store a couple of days ago and it was about $3.50; maybe less. my energy bill last month was $25; the same price it's always been for this time a year. so i don't know.

[shroomingnewman]

you're braindead then.  i've virtually all the food i purchase is 25% higher.

[FuckUtube2008]

i don't know where u live, but that's not the case where i'm from.

[Oztrigger4]

this host is an arrogant little prick who needs a good kick up the butt!

[goread41]

It's a combination of things like inflation due to the FED, and our devaluing currency. China, and India wish to become consumer based nations. China should be labeled as the worlds largest contruction site. Cranes just everywhere, in almost every city. Solution so that we don't lead the into the Amero, is to eliminate all trade barriers at once. End the WTO.

[torres6357]

One question? What is with the debate of the causes of rising food and energy prices all about? You have one group saying it's all because of ethanol, another group attributing it to speculators, another group blaming supply and shortage and finally Peter Schiff blaming inflation? What's the story here, IS there a main cause to rising prices or do they all contribute?

[StrandedTO]

This guy makes very clear where the blame lies, as he presents charts and figures;

watch?v=aa5NIwIW3ck

[mj011n1r]

Did they kick him off Fox Business now? I have been catching Schiff on Youtube, but haven't been seeing any new stuff lately.

[NowisEvollovetion]

Well the biggest proof so far that Peter is correct in his assessment of the economic situation, is that the Mainstream (corporate) Media, is actively censoring his views by no longer allowing him onto their programmes.

THE SIMPLE TRUTH IS, THEY NO LONGER WISH FOR YOU TO HEAR THE TRUTH ABOUT THE STATE OF THE ECONOMY.

YOU ARE MEANT TO MAKE YOUR FANANCIAL DECISIONS, BY USING ONLY THE MANIPULATED GOVERNMENT FIGURES, CPI etc.

Good Luck Everyone.

[wholelottabon]

thanks...good luck to you too

[jessebickeldotcom]

Schiff is one of those darned speculators always speculating about doom and gloom. If we all perceive the market to be happy we can all be happy and wealthy, right? ; )

[Oztrigger4]

Yeah right, expect that everything he has said for the past few years has come true!

[jessebickeldotcom]

people really have a hard time with sarcasm on youtube. I even put a wink in there and people apparently don't get it. Either that or 6 people think Schiff really sucks...