May 2007 Peter Schiff Bulls & Bears Debate Part 1 of 5

[bonfirejovi]

the bulls seem to be full of a lot of it.

[NakedLunch2]

My recollection of Battipaglia is when he was asked on CNBC at the end of year 2000 what the Nasdaq would be at the end of 2001, his answer was 4300. For the record, the Nasdaq closed at about 1700 for 2001.

[Ender4567]

Why were people who have been bullish on the economy in the past year(s) and clearly don't understand the reasons to why our economy is in such bad shape, invited back? Here's a revelation for you: the economy isn't going to get better until the malinvestments are liquidated and our debts are paid off.

[AFRIKTODAY]

More than that! We need to change our approach towards capitalism and the first thing to do is to get rid of our fiat monetary system. The government should not play any role in monetary policy; a 100% gold standard is the best way to police malinvestments. Also, people need to become productive and not rely on debt to support their lifestyle. A successful society is a productive society, not a consumer society as ours his.

[jgv1]

Better than mono-metallic money. We should have deca-metallic money that is based on 10 rare and valuable earth metals. This way a government or a hedge fund cannot play the wizard-of-oz and wreck our lives. I would take gold over the current system, but give me at least 3-4 metals and I will be even happier. Not my idea...Alexander Hamilton

[AFRIKTODAY]

I wouldn't trust Hamilton with my dog as far as I am concerned. I think 100% gold standard would be good enough. I admit that I am no expert in the monetary issues; still learning! Regardless, we need to put Bern Bernanke, Lawrence summers, Paulson and all the Goldam sach gang in jail for a very long period of time.They have been more destructive to us than an atomic bomb and if their policies will destroy this country or lead us into a fictitious wold war 3.

[crispymidget]

OK seriously.. I saw thse F*cken morons on the speaker's right ad then Prophet Schiff on the other side... WRONG!! SCHIFF HAS ALWAYS BEEN RIGHT!!

[intercourseman69]

the whole world is in a bullshit and bearshit economy. it's all feces and waste

[yannchambrier]

Bears? Hibernation? People who reason with metaphors ought to shampoo my crotch. This idiot has no understanding of basic economic.

[toshzpelta]

Lol At first i thought you were talking about the metaphore master Schiff, but after watching the video fully i agree with you now: who let the idiot have the mic?

[kosai19]

This won't just be isolated to the USA, it will spread to other countries around the globe as well. Most people seem to be forgetting that the dollar isn't the only fiat currency. Normally the government will step in to cool down the economy as the market gets too far ahead of itself, but in the cases of the UK and China, as examples, they are going to face the same problems.

[imnos482]

Bear on the USA, bull on the WORLD.

[modelmark]

Governments steal from their tax slaves by inflation because it is a hidden tax. Asian governments also know this trick. For the asian tax slaves it would be better to stop inflating their currencies and consume their own production. But not for the asian rulers, they would lose a source of income (inflation) and so they inflate and buy US bonds.

[BlueEagle8]

Peter is NOT a bear. Peter is a bull. He is bullish on dividend paying foreign investments that have the least amount of USD exposure. He is bullish on gold, silver and many commodities. The glass is half full. ;)

[michaeld5]

Amen. He is THE guiding light for investors in these turbulent days.

[gizmo2084]

All those other guys remind me of cheap car salesmen or marketeers.

They talk up a stock regardless of its value. Liars.

[ronheri]

visionvictory said it all. Ron Paul and Peter Schiff have been warning us; now it's time to follow vision's advice. The coming times will be terrible.

[visionvictory]

Wow, Peter Schiff GETS IT. The U.S. is heading into the most severe depression the world has ever seen. Imagine a society dependant on technology heading into a 20th century depression with 40% unemployment, hyper-inflation, food shortages, riots that dwarf LA 1992 and Katrina 2005. In fact take Katrina and times it by every major city in the United States. If you want to survive buy, gold, guns, and lots of food.

[arnejess]

In a good social country, People like Peter Schiff, would teach our children..

[mcc11505]

Thanks for posting this!