Greenspan, Bernanke, they are all white-collar criminals. It's a shame the public doesn't realize this enough. These people belong in jail, instead they run this country (into destruction).
"Alan Greenspan should be in jail right now. The guy should be sitting in a Mexican prison being gang raped by two tamale salesmen and a burro." - DWB - currently on the pictured video response link.
The worst American? I'm afraid that's an understatement. Greenspan is Satan on earth. He was and is a destroyer of mankind.
The problem was/is that Americans all want to live like their TV heroes.
It's the greatest scam in history. You're all $200,000 in debt. Yeah. Including the babies born five minutes ago.
Once you get out of that idiotic Disney show and see it from the outside, you'll see how outrageous the whole thing is.Some call it The Empire, some the Great Satan. Both are correct.
I read his book, and its FILLED with mischaracterizations. In fact, I reviewed his book on EPINIONS under the name Bigtruckseries.
The PROBLEM IS THAT THE BUSH ADMINISTRATION NEEDED TO RAISE MONEY FOR THE WAR SO THEY ALLOWED NON-BANKS to ORIGINATE LOANS WHICH WERE DESIGNED TO CREATE INSTANT CASH but were ULTIMATELY GOING TO FAIL. BUSH SAW THE CRASH COMING SO HE ALTERED THE BANKRUPTCY LAWS BEFORE PEOPLE DEFAULTED.
@bigtruckseriesreview Peter Schiff was right on the money in previewing the crash. Anyone can check that by viewing his past speeches before the crisis mounted up. As a matter of fact he was 100% right. His mind and view of the economy is clear of dilemmas so common in most minds. His speech is honest and concise. You may be right on your on the Bush administration but this does not invalidate Peter Schiff's view of the market and economics.
@bigtruckseriesreview Bankers and stock brokers are two completely different occupations you fucking idiot. You broker mortgages and review electronics. I'm an energy trader for a F500. When your bonus gets above the DOW, then you can talk you retard.
Thank you for your response on my inquire about why somebody not from Connecticut should sponsor this man's Senate race. I am just being devil's advocate. I support and will sponsor him, even though I live in Idaho, because if we can get at least one from every state, or every-other, maybe some sanity can be returned to the white house. The good-old boy status must cease and desist now - TODAY!!. I am sending $100 to Schiff race today!!
Thank you for your response on my inquire about why somebody not from Connecticut should sponsor this man's Senate race. I am just being devil's advocate. I support and will sponsor him, even though I live in Idaho, because if we can get at least one from every state, or every-other, maybe some sanity can be returned to the white house. The good-old boy status must cease and desist now - TODAY!!. I am sending $100 to Schiff race today!!
According to Greenspan (in an interview this morning 4/4/10) there were in fact a very few "exceptionally adroit" people that got the real estate bubble right. He says most of them were his friends, maybe 4 or 5 people. The remaining ones that got it right were just lucky according to him. HA!!
@nVei06 they finally did come true. in spades. what are we going to do ? i would say, time to increase supply. and decrease demand. stop feeding the medical health care industry. they should be killed not fed..
This is rubbish. Of course there was a failure of regulation - to pretend otherwise and that it was all the fault of interest rate policy is ridiculous.
The root cause of the problem lay in the (deliberately) poor credit policy and product design of those offering easy credit.
Higher short-term interest rates would have done something to help, but to portray it as the primary causation of the crisis is just silly.
So let me cynical for a minute: I live in Idaho. Why would I contribute to your campaign? I agree with you 100 percent. Give us a reason why we contribute toward your Connecticut campaign.
I'm in Idaho also. I'm supporting him because the things he supports like small government and free markets affect the entire country, and therefore me too.
Peter Schiff's economic analyses are on target, he attempts to raise the economic IQ of his audience (or readers), and he understands the destructiveness of government meddling in an age when most people are relying on the state as their savior. Bravo, Peter!
Community Reinvestment Act. Barney Frank and his Freddie VP Butt Buddie. Bush the idiot. Foreign money flooding the US markets. Tim Raines. Maxine. Frank. Bush. ARM's were a good deal as long as you sold or refinanced.
Personally I think Greenspan knew exactly what he was doing. He reacted differently in 89 and 97. I think for whatever reason (his dip shit wife?) he wanted to crush Bush and his legacy. I think the asshole did it on propose. The asshole is as you describe a traitor.
Alan Greenspan works for those who want to destroy America and the West in order to set up a world government. It's those people, the Bilderbergers which represents the international aristocracy, who invented the term "New World Order" to describe their own plans.
if you give loads of money to unwise people, they automatically self declare themselves wise, and thats where problems start....as in the new world order....
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We must not support peter schiff He is part of the schiff corporate banking empire which is aligned with and has been apart of the rothschild empire. He acts as a champion of the people, and i use to support him until i did my research, if he gets into office we are going to have serious reprucussions. the only congressman worth a crap is alan greyson, and ron paul. How do you think Peter is able to predict these economic forecast and be right on, he is a member of the illuminati.
What a horrible analogy from someone who claims to be a libertarian... The bartender was liquoring up the patrons? I thought everyone made their own personal choices Peter? It wouldnt be the bartender's fault for serving the patrons drinks... It is the patron's fault for drinking them then driving.... That being said I think your point isnt bad, just a horrible analogy.
@krizutch He does say that the people are at fault, simply that no one ever points out where they got the poison from. Government should be held accountable as well is the point he is making.
Senator Schiff?? Hahaa search for Schiff on iran, he casually says BOMB EM' :D not as different as one would imagine - if he becomes a senator, would Schiff support an audit of the Fed? Let alone dismantling the damned thing but just an audit for the first time ever letting elected officials look at whats left in the Fed vaults? I bet they're empty, or something to that effect, otherwise why the ridiculous secrecy?
@commonsense2008 Really...your suprised that a user named "ZionistWorldOrder" is trying to spout nonsense about Peter wanting to preemptively bomb Iran? I've listened to almost everything Peter has said during his campaign and NO WHERE did I ever feel like he had any aggressive hostility towards Iran.
Wow, keep your antisemitism in check people. Nobody wants to hear your garbage.
@Talodus Schiff did advocate a neocon interventionist foreign policy position in an interview this past Dec. Paraphrasing him "if our intel says Irans got Nukes and they won't let inspectors in...I'd support bombing them"
@Talodus Alan Greenspan, Ex Chairman of the Fed. is a member of the Council on Foreign Relations , is a member of the Trilateral Commission and knows 33rd degree secret is the 1899 Alaska Earthquake - British Association record No. 333, at Shide. Isle of Wight on September 3 at three o’ three.
I would like to see Peter Schiff, Marc Faber, and Jim Rogers sit down and have a chat. They might agree too much, so maybe throw in Bernanke or Geithner to mix things up a bit!
@bkdmd Yes, they purposely devalue the dollar to reduce trade deficits with other countries. Other countries got mad that they had to pay so much for our goods. So they devalued our economy on purpose.
@bkdmd yes its true... and its going to get worse. just take the price of a loaf of bread for an example... in 1912 before the fed a loaf cost 5 cents... now a decent loaf costs 1.50-2.50... thats inflation.
Wake up Peter!!! Greenspan and Bernanke work for the 'privately-owned' Federal Reserve and NOT We The Stupid Sheeple!!!! The FED Chairman works for the House Of Rothschild/Warburg (Euro Banksters) and the House of Rockefeller/Morgan (Amero Banksters) and Peter Schiff HAS NO CLUE.
Imagine American WITHOUT a FED and realize that we are NOT supposed to be paying interest on OUR OWN MONEY. None Dare Call It Conspiracy by Gary Allen. Wake up already ...
Planned or not, the fed's policy under Greenspan was simply providing the banks a method to convert the billions in rising credit card defaults into real estate secured debt. Greenspan led the consumer by the nose. Look at credit card default increase from 1989 to 1999. This crash was due 10 years ago and should have left the banks screwed, now people have their homes up and it will go down as the largest conversion of wealth in American history.
Anyone interested in where Peter is coming from must read "Economics in One Lesson" by Henry Hazlitt. It lays out the fundamentals of economics which Peter quite obviously has an incredible grasp of.
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This guy is just another whore. No one who actually believes in freedom and capitalism would ever waste their time being involved in government. There is no political path to prosperity.
@natdavi Are you kidding me with this crap? Freedom is protected by strength of arms and the willingness to use it. In this case that means civil war.
That's a very scary statement, as the implications could lead to arguments for "defending our interests" overseas.
I'm certainly not implying that that was the intention of your statement. Fwiw, I believe that you should only amend your statement as such: "Domestic freedome is..."
Just more "INCOMPETENCE", Peter? They "screwed up"? So are they complicit in a conspiracy to destroy this country OR NOT? JUST SAY IT, PETER: IT'S A CONSPIRACY.
Such VISION! Amazing how many people couldn't see this coming. Yet Schiff saw it all happening years in advance. Because of his insights, I listen closely to his predictions of our future. Everyone should.
Peter Schiff, you are a legend. Teach those monetary hacks that increases in the money supply inducing rising indices in markets without additional supply of capital, is NEVER productive, and will ALWAYS result in market clearing, probably a deflation of the money if it is fiat, and generally falling prices as bankrupt, malinvested ventures go broke after the ended credit-expansion, whose longevity accumulated NINJA loans from FRB and unresponsively low rates&REFLATION makes a NEW, WORSE bubble!
Schiff is heading in the right direction. Now we need to go further: arrest Greenspan, Bernanke and the entire Fed board of governers. Make the Fed a customer of the US Treasury instead of the other way around. Get the heck out of this fiat money system. Bernanke even admitted that the Fed caused the Depression. How much convincing do people need? The Fed has to go, along with their collection arm called the IRS. Vote for candidates on this platform.
@emirnkamelia To come right out and be a Jerk tells me a lot about you dickhead, but FYI there are a lot of things I disagree with schiff on, plus im rich now so suck to be you
so you are asserting that you are not a peasant. why don't you show me your proof, that you are not an uneducated american idiot like another 200m persons within your country.
@QuasiConvexAnalysis your posts reek of a man that is intellectually deficient and broken, with the attitude you have on display here it is most likely that you are setting in your mommies attic twisting the Off of your pee jar.
When I think of Greenspan, I don't think of Benedict Arnold, I think Ironic. Greenspan was a disciple of Ayn Rand...Requiring evidence is the easiest way to slip out of a political knot. It's really easy when you make the knot, that is, create the parameters for evidence. after all, there is no evidence that the high user fees and added value taxes at the state level, combined with the federal monopoly at the Fed/Treasury window unfairly competes and stymies economic production...is there?
Y2K: grab your cash!!! the computers are going down!!! Economic fall of now: get all the gold you can get!!!!! the monetary system is going down!!!!!!
Get your precious metals, yes. Get your cave? No. An economic collapse from inflation occurs because of financing of malinvestments, fuelling gluts, or bubbles as they are more popularly called. Unsound money, money absolutely unfit for purpose, requires ending govt, not houses!
For blaming the 'free market' for yet another failure of fiat money and state banking from that fiat money & central banking, Greenspan is a f*cking traitor to the free market, liberty, wealth and peace
psw003 can you give any example where industry self-policing reduced pollution to avoid causing danger to crops or drinking water supplies? At the cell company I work at our employer constantly wants to exploit us and we need to push back to keep a balanced level of pay vs. productivity. That is to say, additional productivity turns into profits only for the boss, no merit pay increase for us, so until that changes, we push back sensibly. Also the company is over-billing customers all the time.
@ytgv3fc7 private property rights does everything the EPA, etc does w/ out all the bureaucracy and waste. In fact, before the EPA, private property rights and the legal system dealt with all "pollution cases" more strictly than the EPA. In this way, industry became self-policing against pollution. An industry can still over-pollute before getting caught, but that applies w/ today's regulations (that tend to limit competition more than anything else).
@psw003 all the banks, all the cell phone providers, and every time there's an emergency and suddenly the prices of batteries and candles go up NOT because the supply changed but only because of people's fear they might badly need them. Fact, fact, fact.
Clean water? Industry pollutes, mining pollutes. Doesn't mean I don't avlue plastic, paint or for that matter gold but we don't have to be so messy. Clean water is needed for life. Industry refuses to police itself.
@ytgv3fc7 during a recession prices tend to drop, even though a "lasting" trend in the supply of goods doesn't come about immediately. This is because the demand for money, due to uncertainty, increases in relation to the number of goods and services in the market at the time. This would be the opposite of the case - but similar - where you accuse business of raising prices in anticipation of increased demand for a fixed supply during an emergency.
a question to all american voters.....if your country has had so many people telling you the truth then why do you keep those who lie in office?? I am in Canada and am not alone with regards to this endemic problem in politics....
before the fed reserve your country was the richest in the entire of recorded human history
What is your opinion about "The Community Reinvestment Act or CRA". Do you believe this kind of government enforcement did have a challenge effect in the overall housing bubble along with the low interest rates? Or, do you simply blame Alan greenspan for his policies?
of course he did ... come on if you enable people to borrow beyond their means and then the government takes away all regulation and backs the process what do you think is going to happen ? hey I left all of those knifes and guns in the nursery school, and all of the teachers turned their backs , but it's not my fault they used them .... give me a break ! people will go to extreme of their leash, it's human nature.
Can someone briefly tell me why the ARM's are a bigger worry than the subprime? When do they adjust? Do the banks know the ARMs are huge area of concern and is this why the banks are shoring up balance sheets for the day or reckoning?
Peter, I used ARMs for 10 years, and saved a ton of money doing that. The difference is that I could afford those cheap options, and I didn't get into more house than I could afford. Greenspan did NOT make people stupid and financially irresponsible.
Peter, I used ARMs for 10 years, and saved a ton of money doing that. The difference is that I could afford those cheap options, and I didn't get into more house than I could afford. Greenspan did NOT make people stupid and financially irresponsible.
As an ex-mortgage broker, I agree Greenspan did NOT make people stupid, but Peter's analysis that Greenspan "provided the alcohol" and knew what many homeowners were getting themselves into.
they blame bars all of the time for over serving people who then do dumb things ... if you see a guy is out cold you don't entice him back into the bar dummy
@rrunkle I see where you are going, and I agree with your spin. I applaud gun makers, and criminals are criminals regardless of the weapons. I applaud producers of alcohol and the bars its served in... its an individuals choice (right) to make mistakes. I think the problem is that Greenspan saw the problem on the horizon, and his charter as Fed chief was to stop it, but he wouldn't because it would have looked bad for Bush. So yes, Greenspan did not make people stupid, he did make mistakes.
i personaly use ARM to buy house. Even if more expensive at first, fixed rate have a certainty that you want when you buy a house.
On the other hand, if you know you will stay in a house for a few year, ARMs make sense. The problem is that most of the time, people just looks at the low cost and not the risks
@Melpheos1er Exactly. An ARM is (err, was) a great tool for those that are only going to be in a house for 3-5 years. And, it is a good tool for those willing (and able) to take the risk. I saved over $20,000 over a 10 year period. Thank you Mr. Greenspan.
of course he did ... come on if you enable people to borrow beyond their means and then the government takes away all regulation and backs the process what do you think is going to happen ? hey I left all of those knifes and guns in the nursery school, and all of the teachers turned their backs , but it's not my fault they used them .... give me a break ! people will go to extreme of their leash, it's human nature.
@polarbeach Oh please. Take away the guns, the sharp objects, the fast cars and cover all the electrical outlets with safety plugs. Sure, go for the nanny state. It is really simple. Anyone with a highschool education can estimate if they can afford the initial rate. Then, they can estimate whether they can afford the max rate the ARM might deliver in 3-5 years. If they cannot afford #1, or #2, then they shouldn't buy. No one can make them sign the documents.
so why is the government tempting people yet again to buy when they can't afford with cash for clunkers and mortgage tax incentives .... you're a moron and have no clue how the power of persuasion works threw advertising dummy .
I totally disagree with you and actually think it's a great analogy .... I know most adults with the intellect of little children atleast when it comes to economics and politics, especially finance !. Adults concerned with sports and fluff t.v. instead of real issues of society, but we don't agree and that's fine good luck.
I totally disagree with you and actually think it's a great analogy .... I know most adults with the intellect of little children atleast when it comes to economics and politics, especially finance !. Adults concerned with sports and fluff t.v. instead of real issues of society, but we don't agree and that's fine good luck.
exactly , people are stupid and finnancially irresponsible not Greenspan or Bernanke , i mean read the little letters on everything you sign and there you will see the ''suicidal interest rates'' !!!!!
The fact that the majority of people ARE stupid does not legitimize your point. You used personal restraint. You are an exceptional minority. We can't count on an exceptional minority to base financial policy from.
If you piled 20 tons of cheese in the subway system in Manhattan, the vast majority of the rats will flock to the cheese and I bet you a million bucks that at least a few rats wouldn't.
I would tend to argue that you should have never been able to utilize ARMS.
You're correct. People are naturally stupid and financially irresponsible. Greenspan just provided them an irresistable opportunity to screw-up - and they did!
He made it look like ARMs were smart for everyone and that home values would balloon forever. That convinced less knowledgeable people to speculate on rising home values for profit and income. He created a situation that required people to be much smarter than they normally are. And he knew better.
Greenspan, Bernanke, they are all white-collar criminals. It's a shame the public doesn't realize this enough. These people belong in jail, instead they run this country (into destruction).
TWSceptic 2 months ago
Hilarious, Greenspan was Ayn Rand's protege. Your whole way of thinking is corrupt.
needparalegal 1 year ago
"Alan Greenspan should be in jail right now. The guy should be sitting in a Mexican prison being gang raped by two tamale salesmen and a burro." - DWB - currently on the pictured video response link.
The worst American? I'm afraid that's an understatement. Greenspan is Satan on earth. He was and is a destroyer of mankind.
decapitatespammers 1 year ago
you forgot bush when talking about damage ! ;)
Don't you love to quote yourself bro!
Margin Call!
Nilz4FR 1 year ago
@Nilz4FR When you are right you are right! I find it very helpful when he looks at what he wrote 6 years ago that has since been proven so true!
thenewsurvivalist 1 year ago
you forgot bush when talking about damage ! ;)
Nilz4FR 1 year ago
0:27-0:53 Ha!
randyguitarman13 1 year ago
time to talk about the war, in detailed
LeeRyan2930 1 year ago
The problem was/is that Americans all want to live like their TV heroes.
It's the greatest scam in history. You're all $200,000 in debt. Yeah. Including the babies born five minutes ago.
Once you get out of that idiotic Disney show and see it from the outside, you'll see how outrageous the whole thing is.Some call it The Empire, some the Great Satan. Both are correct.
It's an Idiocracy.
blammcans 1 year ago
PETER SHIFT IS MISSING THE POINT AS USUAL.
I read his book, and its FILLED with mischaracterizations. In fact, I reviewed his book on EPINIONS under the name Bigtruckseries.
The PROBLEM IS THAT THE BUSH ADMINISTRATION NEEDED TO RAISE MONEY FOR THE WAR SO THEY ALLOWED NON-BANKS to ORIGINATE LOANS WHICH WERE DESIGNED TO CREATE INSTANT CASH but were ULTIMATELY GOING TO FAIL. BUSH SAW THE CRASH COMING SO HE ALTERED THE BANKRUPTCY LAWS BEFORE PEOPLE DEFAULTED.
bigtruckseriesreview 1 year ago
@bigtruckseriesreview Peter Schiff was right on the money in previewing the crash. Anyone can check that by viewing his past speeches before the crisis mounted up. As a matter of fact he was 100% right. His mind and view of the economy is clear of dilemmas so common in most minds. His speech is honest and concise. You may be right on your on the Bush administration but this does not invalidate Peter Schiff's view of the market and economics.
perlaand 1 year ago
@bigtruckseriesreview Take a macroecon class because you're a fucking idiot.
rgrmatt69 1 year ago
@rgrmatt69
IF YOU KNEW SO FUCKING MUCH THEN YOU WOULD BE A BANKER/STOCK BROKER LIKE ME. SHUT THE FUCK UP.
bigtruckseriesreview 1 year ago
@bigtruckseriesreview Bankers and stock brokers are two completely different occupations you fucking idiot. You broker mortgages and review electronics. I'm an energy trader for a F500. When your bonus gets above the DOW, then you can talk you retard.
rgrmatt69 1 year ago
@rgrmatt69
NO IT ISN'T YOU DUMB BITCH. I work for JP MORGAN CHASE and I OWN MY OWN BROKERAGE in NY Long Island. GET OFF MY DICK YOU BROKE BITCH.
bigtruckseriesreview 1 year ago
@bigtruckseriesreview LOL you own your own brokerage, yet some suck some MD's dick at JPM? Shut the fuck up you poor faggot and go review an xbox.
rgrmatt69 1 year ago
You tell them Schiff!
pantadon 1 year ago
How much is the minimum amount to invest with euro pacific capital?
vertexclimber 1 year ago
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Thank you for your response on my inquire about why somebody not from Connecticut should sponsor this man's Senate race. I am just being devil's advocate. I support and will sponsor him, even though I live in Idaho, because if we can get at least one from every state, or every-other, maybe some sanity can be returned to the white house. The good-old boy status must cease and desist now - TODAY!!. I am sending $100 to Schiff race today!!
modo101 1 year ago
Thank you for your response on my inquire about why somebody not from Connecticut should sponsor this man's Senate race. I am just being devil's advocate. I support and will sponsor him, even though I live in Idaho, because if we can get at least one from every state, or every-other, maybe some sanity can be returned to the white house. The good-old boy status must cease and desist now - TODAY!!. I am sending $100 to Schiff race today!!
modo101 1 year ago
According to Greenspan (in an interview this morning 4/4/10) there were in fact a very few "exceptionally adroit" people that got the real estate bubble right. He says most of them were his friends, maybe 4 or 5 people. The remaining ones that got it right were just lucky according to him. HA!!
yohooza 1 year ago
2004
nVei06 1 year ago
@nVei06 they finally did come true. in spades. what are we going to do ? i would say, time to increase supply. and decrease demand. stop feeding the medical health care industry. they should be killed not fed..
nVei06 1 year ago
yep. was in mortgage biz. absolutely true.
Artfryne 1 year ago
If one does research on Alan Greenspan before he was involved with the Fed Reserve they will see a tale of two men....
soliloqy 1 year ago
So people took adjustable arm loans because long-term interest rates were low?
Ughh.
Throw logic and common sense out the window. Peter you sound more and more out of touch.
Here is idea for you to ponder: "Free market" is an abstract idea just like "Freedom" and "Democracy". Wake up please and return to reality...
dkzzzz 1 year ago
@dkzzzz You are an idiot. Schiff is right. Accept it.
itachi705 1 year ago
This is rubbish. Of course there was a failure of regulation - to pretend otherwise and that it was all the fault of interest rate policy is ridiculous.
The root cause of the problem lay in the (deliberately) poor credit policy and product design of those offering easy credit.
Higher short-term interest rates would have done something to help, but to portray it as the primary causation of the crisis is just silly.
SuperVideomonkey 1 year ago
credit is created by the Fed
mexaguil 1 year ago
and with ur wisdom, did u foresee the crash??
AntiPsychopath 1 year ago
@SuperVideomonkey It was an institutionalized bubble. To think that regulators are going to hurt the bubble the gov is creating is naive.
poolshark73185 1 year ago
So let me cynical for a minute: I live in Idaho. Why would I contribute to your campaign? I agree with you 100 percent. Give us a reason why we contribute toward your Connecticut campaign.
modo101 1 year ago
I'm in Idaho also. I'm supporting him because the things he supports like small government and free markets affect the entire country, and therefore me too.
philliproemer21 1 year ago
Senators make laws that affect the whole country right?
mexaguil 1 year ago
@modo101 B/c Senators votes apply to the entire nation. That's a good reason.
poolshark73185 1 year ago
Peter Schiff's economic analyses are on target, he attempts to raise the economic IQ of his audience (or readers), and he understands the destructiveness of government meddling in an age when most people are relying on the state as their savior. Bravo, Peter!
gfs543 1 year ago
Community Reinvestment Act. Barney Frank and his Freddie VP Butt Buddie. Bush the idiot. Foreign money flooding the US markets. Tim Raines. Maxine. Frank. Bush. ARM's were a good deal as long as you sold or refinanced.
Personally I think Greenspan knew exactly what he was doing. He reacted differently in 89 and 97. I think for whatever reason (his dip shit wife?) he wanted to crush Bush and his legacy. I think the asshole did it on propose. The asshole is as you describe a traitor.
Truthpolice9698 1 year ago
Alan Greenspan works for those who want to destroy America and the West in order to set up a world government. It's those people, the Bilderbergers which represents the international aristocracy, who invented the term "New World Order" to describe their own plans.
560e 1 year ago
if you give loads of money to unwise people, they automatically self declare themselves wise, and thats where problems start....as in the new world order....
AntiPsychopath 1 year ago
Obama has created many jobs ! The manufacturing of printing press the loggers and truckers haul day and night to feed the presses. Instant Jobs !!
xxabsolutexxhavoc12 1 year ago 2
This comment has received too many negative votes show
You are the worst american i have ever heard...
cecilashleyjayzon 1 year ago
This comment has received too many negative votes show
We must not support peter schiff He is part of the schiff corporate banking empire which is aligned with and has been apart of the rothschild empire. He acts as a champion of the people, and i use to support him until i did my research, if he gets into office we are going to have serious reprucussions. the only congressman worth a crap is alan greyson, and ron paul. How do you think Peter is able to predict these economic forecast and be right on, he is a member of the illuminati.
flex24gu 1 year ago
I would love to watch Peter Schiff as a U.S. Senator on C-SPAN. He'd give the Senate a much deserved bitch-slap!
MishuTaste 1 year ago
Good one MishuTaste!!
lindabebe835 1 year ago
@MishuTaste yes he would. i would love to see a REAL american in teh senate.
sharinganclan213 1 year ago
What a horrible analogy from someone who claims to be a libertarian... The bartender was liquoring up the patrons? I thought everyone made their own personal choices Peter? It wouldnt be the bartender's fault for serving the patrons drinks... It is the patron's fault for drinking them then driving.... That being said I think your point isnt bad, just a horrible analogy.
krizutch 1 year ago
@krizutch He does say that the people are at fault, simply that no one ever points out where they got the poison from. Government should be held accountable as well is the point he is making.
italiankid1986 1 year ago
thank you for speaking out for us. most people cannot explain it the way you can. i love your work, keep it up!
crbnfunoxide 1 year ago 2
Senator Schiff?? Hahaa search for Schiff on iran, he casually says BOMB EM' :D not as different as one would imagine - if he becomes a senator, would Schiff support an audit of the Fed? Let alone dismantling the damned thing but just an audit for the first time ever letting elected officials look at whats left in the Fed vaults? I bet they're empty, or something to that effect, otherwise why the ridiculous secrecy?
ZionistWorldOrder 1 year ago
@ZionistWorldOrder I didn't know that about his comment on Iran. It's actually surprising to me.
commonsense2008 1 year ago
@commonsense2008 Really...your suprised that a user named "ZionistWorldOrder" is trying to spout nonsense about Peter wanting to preemptively bomb Iran? I've listened to almost everything Peter has said during his campaign and NO WHERE did I ever feel like he had any aggressive hostility towards Iran.
Wow, keep your antisemitism in check people. Nobody wants to hear your garbage.
Talodus 1 year ago 16
@Talodus Peter is actually closer to a Ron Paul libertarian approach to foreign policy, as in non-interventionism.
pretorious700 1 year ago
@Talodus Schiff did advocate a neocon interventionist foreign policy position in an interview this past Dec. Paraphrasing him "if our intel says Irans got Nukes and they won't let inspectors in...I'd support bombing them"
cossatotfalls 1 year ago
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@Talodus Alan Greenspan, Ex Chairman of the Fed. is a member of the Council on Foreign Relations , is a member of the Trilateral Commission and knows 33rd degree secret is the 1899 Alaska Earthquake - British Association record No. 333, at Shide. Isle of Wight on September 3 at three o’ three.
insightllc 1 year ago
I would like to see Peter Schiff, Marc Faber, and Jim Rogers sit down and have a chat. They might agree too much, so maybe throw in Bernanke or Geithner to mix things up a bit!
Metalloveica 1 year ago 2
@Metalloveica now that would be a REAL debate!
commonsense2008 1 year ago
Is it true the Fed increased the adjusted monetary base ~125% the past 18 months?
What was that increase under Carter? What did interest and inflation go to under Carter?
bkdmd 1 year ago
Is it true the value of the dollar has fallen 97% since the fed was created?
bkdmd 1 year ago 21
@bkdmd Yes, they purposely devalue the dollar to reduce trade deficits with other countries. Other countries got mad that they had to pay so much for our goods. So they devalued our economy on purpose.
Vigatos 1 year ago
@bkdmd Yes, that is true
1984IsHereAgain 1 year ago
@bkdmd 95% It's not as bad as you think
samqueler 1 year ago
@bkdmd yes its true... and its going to get worse. just take the price of a loaf of bread for an example... in 1912 before the fed a loaf cost 5 cents... now a decent loaf costs 1.50-2.50... thats inflation.
darrin1999 1 year ago
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Is it true since the Federal Reserve was created the value of the dollar has lost 97% of it's value?
bkdmd 1 year ago
Is it true that since the Fed was created the value of the dollar has lost 97% of it's value?
bkdmd 1 year ago
yes
topshotmx8 1 year ago
Is it true since the Fed was created our dollar has lost 97% of its value?
Did you see on the Saint Louis Fed website where the adjusted monetary base has skyrocketed 125% in the last 18 months?
bkdmd 1 year ago
Wake up Peter!!! Greenspan and Bernanke work for the 'privately-owned' Federal Reserve and NOT We The Stupid Sheeple!!!! The FED Chairman works for the House Of Rothschild/Warburg (Euro Banksters) and the House of Rockefeller/Morgan (Amero Banksters) and Peter Schiff HAS NO CLUE.
Imagine American WITHOUT a FED and realize that we are NOT supposed to be paying interest on OUR OWN MONEY. None Dare Call It Conspiracy by Gary Allen. Wake up already ...
Terral03 1 year ago
Peter Schiff's record is irrefutable. Every US citizen should see this clip! What more do the critics want?!
StanWarford 1 year ago
but Greenspan will get away with it
redthunder3979 1 year ago
I look forward to your videos each week Peter!
markusmanstein 1 year ago
you are an absolute genius, Peter.
papajohn5656 1 year ago
Wow! Just wow! I agree that Greenspan trumps Benedict Arnold. Or it could be Woodrow Wilson.
draggeddownthehole 1 year ago
Another superb vid. Thanks again, Peter.
alphabeets 1 year ago
I'm waiting for Krugman to answer Peter Schiff's call to debate.
picopallasi 1 year ago
Planned or not, the fed's policy under Greenspan was simply providing the banks a method to convert the billions in rising credit card defaults into real estate secured debt. Greenspan led the consumer by the nose. Look at credit card default increase from 1989 to 1999. This crash was due 10 years ago and should have left the banks screwed, now people have their homes up and it will go down as the largest conversion of wealth in American history.
MrSteve125 1 year ago
Anyone interested in where Peter is coming from must read "Economics in One Lesson" by Henry Hazlitt. It lays out the fundamentals of economics which Peter quite obviously has an incredible grasp of.
phatcheck 1 year ago
@phatcheck I second this. economics in one lesson is probablyu the best book I've ever read
bobsacamano1 1 year ago
prophetic.
phazespace 1 year ago
I love the internet.
Without it, I'd still be all about "durr... gotta save my dollars"
Dyhalto10 1 year ago 2
This comment has received too many negative votes show
This guy is just another whore. No one who actually believes in freedom and capitalism would ever waste their time being involved in government. There is no political path to prosperity.
wantwit 1 year ago
I agree there's no political path to prosperity, but freedom has to be defended in order to exist.
To secure and protect freedom, there's no other path but the political one.
natdavi 1 year ago
@natdavi Are you kidding me with this crap? Freedom is protected by strength of arms and the willingness to use it. In this case that means civil war.
wantwit 1 year ago
That's a very scary statement, as the implications could lead to arguments for "defending our interests" overseas.
I'm certainly not implying that that was the intention of your statement. Fwiw, I believe that you should only amend your statement as such: "Domestic freedome is..."
AnimusBehemoth 1 year ago
Just more "INCOMPETENCE", Peter? They "screwed up"? So are they complicit in a conspiracy to destroy this country OR NOT? JUST SAY IT, PETER: IT'S A CONSPIRACY.
TadRapidly 1 year ago
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Such VISION! Amazing how many people couldn't see this coming. Yet Schiff saw it all happening years in advance. Because of his insights, I listen closely to his predictions of our future. Everyone should.
aspenmogul 1 year ago
Even in Southern California, most people can not afford the FHA maximum - $450K. The majority of those "FHA" loans were ARM's.
Why are we artificially propping up Derivative prices - an intangible asset?
joescarafone 1 year ago
Dito of Lesley Gramm ie....Gramm Leach Bliley
joescarafone 1 year ago
Great video.
The first rule of politics is to always deflect blame. The Fed will never admit to what they have done because they are politicians.
SoYouThinkYouCanInve 1 year ago
Peter Schiff, you are a legend. Teach those monetary hacks that increases in the money supply inducing rising indices in markets without additional supply of capital, is NEVER productive, and will ALWAYS result in market clearing, probably a deflation of the money if it is fiat, and generally falling prices as bankrupt, malinvested ventures go broke after the ended credit-expansion, whose longevity accumulated NINJA loans from FRB and unresponsively low rates&REFLATION makes a NEW, WORSE bubble!
Nintendomanwill 1 year ago
he's usually so reserved... great to see him let off a little steam.
jjeeve5 1 year ago
I can't remember anything peter says because he is so accurate. 5****
socomplete 1 year ago
DUDE! Are you trying to get yourself sued? You can't go on youtube calling people traitors by name. He could sue you for this video.
christo930 1 year ago
He is trying to be a Politician though..... Schiff seems right on.
GuidofromOtsego 1 year ago
don't forget to subscribe to WallStUnspun with Peter Schiff. Only 2,600 subscribers right now
pntrain5 1 year ago
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Schiff is heading in the right direction. Now we need to go further: arrest Greenspan, Bernanke and the entire Fed board of governers. Make the Fed a customer of the US Treasury instead of the other way around. Get the heck out of this fiat money system. Bernanke even admitted that the Fed caused the Depression. How much convincing do people need? The Fed has to go, along with their collection arm called the IRS. Vote for candidates on this platform.
Teknikid 1 year ago
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Teknikid 1 year ago
Peter I love u soooo much, If it weren't for you I would be a blind gamer knowing something is wrong and unfair with nobody to explain things to me
'In arms way' lol
fox20012 1 year ago 5
hey im a gamer too, pokerstars?
DickeyRogers 1 year ago
@fox20012
If you think Peter Schiff is always right, you still are a blind gamer.
emirnkamelia 1 year ago
@emirnkamelia To come right out and be a Jerk tells me a lot about you dickhead, but FYI there are a lot of things I disagree with schiff on, plus im rich now so suck to be you
so go fuck your self shit head
fox20012 1 year ago
@emirnkamelia:
For instance?
MyStoneColdHeart 1 year ago
True, Peter is not always right, however, he has been correct far more often than most.
No one can be correct all the time, but I for one sure wouldn't have a problem taking my chances with him. Given his previous record.
bigboss686 1 year ago
thats why you are a peasant and not an elite.
QuasiConvexAnalysis 1 year ago
@QuasiConvexAnalysis typical vacuous left wing response
All you can do is hurl insults when you have no proof
bigboss686 1 year ago
so you are asserting that you are not a peasant. why don't you show me your proof, that you are not an uneducated american idiot like another 200m persons within your country.
QuasiConvexAnalysis 1 year ago
@QuasiConvexAnalysis LOL Your attempts at elevated speech merely expose you and leave you on display to the world as the poser you are
No doubt quasi intellectual would be a more apt title for you
although pseudo-would be more apropos
bigboss686 1 year ago
if you think normal comments is 'elevated' then you are obviously an uneducated peasant.
come and get your foodstamps, peasant. be nice and we'll give you a loaf of bread for free.
QuasiConvexAnalysis 1 year ago
@QuasiConvexAnalysis your posts reek of a man that is intellectually deficient and broken, with the attitude you have on display here it is most likely that you are setting in your mommies attic twisting the Off of your pee jar.
bigboss686 1 year ago
well, your mommie is here in my friend's attic, twisting the Off of his pee jar. apparently shes enjoying whats coming out of the jar too.
QuasiConvexAnalysis 1 year ago
Learn some English grammar, Quasimodo.
4KnowWon 1 year ago
10K views in 24 hours !! OMG ! congrats Peter !
arka67 1 year ago 2
When I think of Greenspan, I don't think of Benedict Arnold, I think Ironic. Greenspan was a disciple of Ayn Rand...Requiring evidence is the easiest way to slip out of a political knot. It's really easy when you make the knot, that is, create the parameters for evidence. after all, there is no evidence that the high user fees and added value taxes at the state level, combined with the federal monopoly at the Fed/Treasury window unfairly competes and stymies economic production...is there?
imataxslave 1 year ago
Greenspan had a good start, but lost his way in an effort to please his boss and keep his job as the maestro.
GaryVolts 1 year ago
@GaryVolts who was his boss? if he was the chairman? I know there probly is one but id like you to elaborate on your statement.
drummer4life534 1 year ago
I LOVE IT
ric0rich 1 year ago
The first 1:20 really says it. Alan Greenspan is the greatest American criminal ever. He ruined lives.
decapitatespammers 1 year ago 6
you want to call that much attention to a jewish man? I think we should stick with arnold.
bowtie728 1 year ago
i like your analogies lol
dengzhi 1 year ago
I really like Peter Schiff. I hope he gets elected
rawelch69 1 year ago
Thank god somebody said it .... wake up people ! End the Fed
polarbeach 1 year ago
Y2K: grab your cash!!! the computers are going down!!! Economic fall of now: get all the gold you can get!!!!! the monetary system is going down!!!!!!
edmund94232 1 year ago
Get you guns !!!!
get your cave!!!!
get your gold!!!!!
Dollar is going to zero!!!!
Hurry befor its too late!!!!
IWashMyOwnBrain 1 year ago
@IWashMyOwnBrain
Get your precious metals, yes. Get your cave? No. An economic collapse from inflation occurs because of financing of malinvestments, fuelling gluts, or bubbles as they are more popularly called. Unsound money, money absolutely unfit for purpose, requires ending govt, not houses!
For blaming the 'free market' for yet another failure of fiat money and state banking from that fiat money & central banking, Greenspan is a f*cking traitor to the free market, liberty, wealth and peace
Nintendomanwill 1 year ago
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. - 1966.
What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment" - 2009.
Both quotes are from Alan Greenspan.
Paper is Poverty. Gold is Money.
iannetta11 1 year ago
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UncommonThinker 1 year ago
Excellent video!
UncommonThinker 1 year ago 5
Greenspan, Bernanke, Bush, Obama and the rest are all puppets controlled by the bankers. Peter Schiff for Senate 2010!!!
petiemac24 1 year ago 8
fcuk rat
Mr9s9s9s9s9s 1 year ago
fuck rat!
Mr9s9s9s9s9s 1 year ago
Wow. 0_0 Heavy stuff.
YesWeCantaloupe 1 year ago
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Mr Schiff is a great American!...
DeathOfTheDollar2010 dot blogspot dot com
DeathOfTheDollar2010 1 year ago
psw003 can you give any example where industry self-policing reduced pollution to avoid causing danger to crops or drinking water supplies? At the cell company I work at our employer constantly wants to exploit us and we need to push back to keep a balanced level of pay vs. productivity. That is to say, additional productivity turns into profits only for the boss, no merit pay increase for us, so until that changes, we push back sensibly. Also the company is over-billing customers all the time.
ytgv3fc7 1 year ago
@ytgv3fc7 private property rights does everything the EPA, etc does w/ out all the bureaucracy and waste. In fact, before the EPA, private property rights and the legal system dealt with all "pollution cases" more strictly than the EPA. In this way, industry became self-policing against pollution. An industry can still over-pollute before getting caught, but that applies w/ today's regulations (that tend to limit competition more than anything else).
TheBasicFreedom 1 year ago
@psw003 all the banks, all the cell phone providers, and every time there's an emergency and suddenly the prices of batteries and candles go up NOT because the supply changed but only because of people's fear they might badly need them. Fact, fact, fact.
Clean water? Industry pollutes, mining pollutes. Doesn't mean I don't avlue plastic, paint or for that matter gold but we don't have to be so messy. Clean water is needed for life. Industry refuses to police itself.
ytgv3fc7 1 year ago
@ytgv3fc7 during a recession prices tend to drop, even though a "lasting" trend in the supply of goods doesn't come about immediately. This is because the demand for money, due to uncertainty, increases in relation to the number of goods and services in the market at the time. This would be the opposite of the case - but similar - where you accuse business of raising prices in anticipation of increased demand for a fixed supply during an emergency.
TheBasicFreedom 1 year ago
Alan Greenspan and Ben Bernanke are not half wit morons. its all DE LI BER ATE
BeingInTheMessiah 1 year ago 3
a question to all american voters.....if your country has had so many people telling you the truth then why do you keep those who lie in office?? I am in Canada and am not alone with regards to this endemic problem in politics....
before the fed reserve your country was the richest in the entire of recorded human history
why do you consent?
wildtwindad 1 year ago
way the go, Peter!
I do have an important question for you.
What is your opinion about "The Community Reinvestment Act or CRA". Do you believe this kind of government enforcement did have a challenge effect in the overall housing bubble along with the low interest rates? Or, do you simply blame Alan greenspan for his policies?
Thank you,
Exhibitman.
ExhibitMan 1 year ago
hes also the most diabolical criminal the world has ever seen, and the king of all leeches.
Danster82 1 year ago
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of course he did ... come on if you enable people to borrow beyond their means and then the government takes away all regulation and backs the process what do you think is going to happen ? hey I left all of those knifes and guns in the nursery school, and all of the teachers turned their backs , but it's not my fault they used them .... give me a break ! people will go to extreme of their leash, it's human nature.
polarbeach 1 year ago
cheap crooks didn't even use the good stuff when they were liquoring us up !
love the report as usual peter - keep up the good work man.
stshell 1 year ago
Never stop telling the truth, Peter. I'll be right there with you till the end.
wachman 1 year ago
You can see that Peter is angry about all of this, and he should be. The amount of bullshit is mind boggling and frustrating.
GuardofLiberty 1 year ago
Can someone briefly tell me why the ARM's are a bigger worry than the subprime? When do they adjust? Do the banks know the ARMs are huge area of concern and is this why the banks are shoring up balance sheets for the day or reckoning?
bkdmd 1 year ago
Peter, please make a text article of this. It's worth repeating, it's worth making the refs to your earlier articles clickable, etc.
jcarty123 1 year ago
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Peter, I used ARMs for 10 years, and saved a ton of money doing that. The difference is that I could afford those cheap options, and I didn't get into more house than I could afford. Greenspan did NOT make people stupid and financially irresponsible.
rrunkle 1 year ago
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rrunkle 1 year ago
Peter, I used ARMs for 10 years, and saved a ton of money doing that. The difference is that I could afford those cheap options, and I didn't get into more house than I could afford. Greenspan did NOT make people stupid and financially irresponsible.
rrunkle 1 year ago
As an ex-mortgage broker, I agree Greenspan did NOT make people stupid, but Peter's analysis that Greenspan "provided the alcohol" and knew what many homeowners were getting themselves into.
uflnuceng 1 year ago
@uflnuceng Would to blame the alcohol manufacturers, or the bars for the alchoholics?? Or, the gun makers for gun crimes?
rrunkle 1 year ago
they blame bars all of the time for over serving people who then do dumb things ... if you see a guy is out cold you don't entice him back into the bar dummy
polarbeach 1 year ago
@rrunkle I see where you are going, and I agree with your spin. I applaud gun makers, and criminals are criminals regardless of the weapons. I applaud producers of alcohol and the bars its served in... its an individuals choice (right) to make mistakes. I think the problem is that Greenspan saw the problem on the horizon, and his charter as Fed chief was to stop it, but he wouldn't because it would have looked bad for Bush. So yes, Greenspan did not make people stupid, he did make mistakes.
uflnuceng 1 year ago
i personaly use ARM to buy house. Even if more expensive at first, fixed rate have a certainty that you want when you buy a house.
On the other hand, if you know you will stay in a house for a few year, ARMs make sense. The problem is that most of the time, people just looks at the low cost and not the risks
Melpheos1er 1 year ago
@Melpheos1er Exactly. An ARM is (err, was) a great tool for those that are only going to be in a house for 3-5 years. And, it is a good tool for those willing (and able) to take the risk. I saved over $20,000 over a 10 year period. Thank you Mr. Greenspan.
rrunkle 1 year ago
lol you will pay more than that 2,000 a year in taxes thanks to greenspan dummy ... get ready to pay for everyone elses default.
polarbeach 1 year ago
of course he did ... come on if you enable people to borrow beyond their means and then the government takes away all regulation and backs the process what do you think is going to happen ? hey I left all of those knifes and guns in the nursery school, and all of the teachers turned their backs , but it's not my fault they used them .... give me a break ! people will go to extreme of their leash, it's human nature.
polarbeach 1 year ago
@polarbeach Oh please. Take away the guns, the sharp objects, the fast cars and cover all the electrical outlets with safety plugs. Sure, go for the nanny state. It is really simple. Anyone with a highschool education can estimate if they can afford the initial rate. Then, they can estimate whether they can afford the max rate the ARM might deliver in 3-5 years. If they cannot afford #1, or #2, then they shouldn't buy. No one can make them sign the documents.
rrunkle 1 year ago
so why is the government tempting people yet again to buy when they can't afford with cash for clunkers and mortgage tax incentives .... you're a moron and have no clue how the power of persuasion works threw advertising dummy .
polarbeach 1 year ago
@polarbeach You compare nursery school kids to full grown adults. Pretty sad analogy man.
rrunkle 1 year ago
I totally disagree with you and actually think it's a great analogy .... I know most adults with the intellect of little children atleast when it comes to economics and politics, especially finance !. Adults concerned with sports and fluff t.v. instead of real issues of society, but we don't agree and that's fine good luck.
polarbeach 1 year ago
@polarbeach So you hang with stupid people. BIrds of a feather.
rrunkle 1 year ago
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I totally disagree with you and actually think it's a great analogy .... I know most adults with the intellect of little children atleast when it comes to economics and politics, especially finance !. Adults concerned with sports and fluff t.v. instead of real issues of society, but we don't agree and that's fine good luck.
polarbeach 1 year ago
exactly , people are stupid and finnancially irresponsible not Greenspan or Bernanke , i mean read the little letters on everything you sign and there you will see the ''suicidal interest rates'' !!!!!
rayflava1990 1 year ago
The fact that the majority of people ARE stupid does not legitimize your point. You used personal restraint. You are an exceptional minority. We can't count on an exceptional minority to base financial policy from.
If you piled 20 tons of cheese in the subway system in Manhattan, the vast majority of the rats will flock to the cheese and I bet you a million bucks that at least a few rats wouldn't.
I would tend to argue that you should have never been able to utilize ARMS.
Luvanicebum 1 year ago
@rrunkle:
You're correct. People are naturally stupid and financially irresponsible. Greenspan just provided them an irresistable opportunity to screw-up - and they did!
Are you sentient, rrunkle?
4KnowWon 1 year ago
@4KnowWon Adults are provided opportunities to screw up everyday. Sentient?
rrunkle 1 year ago
yes they are and you're doing a fine job of it .... nice example of a screw up !
polarbeach 1 year ago
He made it look like ARMs were smart for everyone and that home values would balloon forever. That convinced less knowledgeable people to speculate on rising home values for profit and income. He created a situation that required people to be much smarter than they normally are. And he knew better.
UncommonThinker 1 year ago