Peter Schiff 2010 Predictions | January 4th 2010 (FULL Video)

[TheSteve4200]

Theres always some idiot who interrups Schiff while hes speaking to say hes wrong..

[edwardwills]

"There is no inflation anywhere?" 2:55

[edwardwills]

"There is no inflation anywhere?" 2:55

[unpredictable420]

He's right again, Obama is looking to tax Corporations and the rich to find a balance of 5 trillion dollars. They only found about 700 billion there, Guess there's gonna be some government jobs cuts to. AAAAA about time some of those feds feel the pain!!

[X10A123]

Right about government vilifying the oil companies... STOCK UP ON FOOD PPL

[kynthful]

Vote Ron Paul 2012

[jclrg7]

maybe not but he's done pretty well

[dickinson1027]

people are always predicting the fall of the dollar.... no one knows the future

[masterpatric07]

@dickinson1027 IT IS A FACT DUDE,BUY GOLD AND SILVER,THE DOLLAR IS DONE,AMERICA IS TERMINATED.GET YOUR PASSPORT READY.

[unpredictable420]

@dickinson1027 Peter is pretty dam good at it though. Aug 2 the US ceiling debt will have to be risen again, or have to borrow more money cause the US Government doesn't have any. Wait till Greece falls away from the Euro ...... Shits gonna hit the fan!!

[TaoOfOkada]

I'm no economic genius, and that's good, because I don't think you have to be one to understand what Schiff is saying. It's basically common sense, which none of those anchors have.

[MrBuckethunter]

this moderator is a stupid freaking idiot. he schould go back to university if he visited one ever and learn economics. the global melt down is just around the corner

[galluer]

10 people make ten different prophecies, chances are, one of them will be correct. The rest go on to make magic some other day. But Peter Schiff was right, without a doubt. I love this man. He teaches us how to see reason when our intuition guides us in the wrong direction.

[aviomaster]

I have never learned so much about economics ,

When you listen to Bernanke you have no clue what is going on,

Austrian  school that is what they are hiding cause you will learn the truth.

[sixstringmat]

Consumer prices advanced 0.5 percent in December 2010, capping six straight monthly gains. Many forecasters were pegging an inflation rate that hovered closer around 0.4 percent. Consumer prices were up 0.1 percent in November, but back then energy prices were in check as they had risen by the smallest amount in five months.

according to

usinflationcalculator(dot)com

[tk291100]

PETER GENIUS SCHIFF. for president USA.

[markymarkuss777]

I have watched this before, but I just realized how SERIOUS these things are that Peter is talking about. Dollar losing 50-70 percent of it's value? That will cause riots on the streets of AMerica like we've never seen before.

[MrPhi1122]

this panels are a bunch of rookies, the other guys wants to make a debate, but he doesn't know what the hex they are discussing. 

[RenegadeTimes]

Funny huh ? The people need to go back to 2008-09 and see how MSM reported what is comming and clearly ( if the public's head is out of their asses ) can see they know NOTHING or worse they promote false agendas to serve their handlers.

Peter did predict what is happening ...

Moral of the story : MSM is a pile a pure steaming manure ~

[aubreyfarmer]

Schiff's predictions continue to be accurate. With others in control of the economy, in particular the Federal Reserve via monetary policy and the relationship the Euro and other currencies have with the dollar, predictions are not an exact science with specific time lines. When you drive down the road and you see a green light up ahead, you know it is going to turn yellow and then red. You don't know exactly when it will turn red, but you know with certainty it will .

[howierobbery]

y is peter getting hammered by these ancors when hes been consistenly right about the economy? they give him a good introduction and say he was bang on with the dollar and commodities over the past year... then they start hammering the poor guy like hes insane for being correct!

[aubreyfarmer]

Thanks to taking Mr. Schiff's advice and buying precious mentals 2 years ago, I have done quite well. Bob Chapman is also very accurate in his predictions. So keep on laughing at Mr. Schiff and I will laugh my way to the bank.

[franks2732]

@aubreyfarmer I wonder did you take his advice when he said the US Dollar would Collapse. ? I think the losses occurred were were in the millions. You keep punting on him, it helps him pay for his stock options, which funny enough have dropped by a massive 60%

[iam4u2cl8er]

Peter is way to nice..I would have told some of them to shut the fuck up and take some notes. (Especially the ignorant asshole in the black hair)..SHUT THE FUCK UP AND LET THE MAN SPEAK! Peter is right on many, many points. the reason why we are in the hole is because America got lazy and has China doing all the work for us. I went to take a shit the other day and pulled one of those paper ass gaskets (the ones you put over the toiet to sit on)...IT WAS MADE IN CHINA! America doesn make those?

[TheObserver2012]

Haha these sound like their beggin Peter, pls tell me what do with my fucken money..

[romeoneverdies]

what i find weird in this video is that the guess is left standing while the other 4 guys are sitting (4 ppl against 1 wow what show /sarcasm)

[abeismain]

Schiff is ALWAYS pointing out how Shitty our economy is. Which is obvious Right?, Yes it's obvious.

. . i'm fucking sick of it. Talk about atleast 1 thing that's good, jeez.. He doesn't point out anything useful, at all. sticking to the same story. His explanation of the economy was coming out from his mouth before, now it's coming out from his ass.

You people are putting peter schiff on a pedestal, you might as well bow down to him. for what? i bet you people would love to give him a blowjob.

[romeoneverdies]

@abeismain

well i wouldnt put the guy on a pedestal and nor would i give im a bj .

one thing is certain is that he has his eyes open and you dont .

go to iraq and ask the pesants what they think of your "great US of A "

or better close that dumb box and go take a look at reality outside ...

[jewcrooks]

Schiff is a clown. Check his track record you idiot. He is a doomer trying to get you to buy gold. Ask Schiff for SPECIFIC predictions, ask schiif f why he never bough the stock market at 6400. He kept his clients out of the biggest rally in 80 years. The list goes on. Only an idiot gets suckers by Schiff.

[mikfature]

@jewcrooks ,

Schiff bought shares in a company, Skyworth (751) in china....and i followed. I went in at 4 hong kong dollars and now is at 5.4 hong kong dollars. His track record to me is pretty sound so far. If you disagree so be it . He may not favor the U.S markets but he has an good eye for other markets, that's where his clients, I believe , are making sound and profitable investments.

Skyworth, by the way is not a gold mining company, it makes lcd's mainly. For a clown he's smart!

[justludicrous]

@jewcrooks The biggest rally in our life time has been in gold, particularly over the past decade, outperforming the S&P, Dow and NAS. by lightyears. Unemployment, interest rates, and inflation have risen, as he said. The economy has gotten worse, gold has continued to skyrocket and outperform stocks by lightyears, all of what Mr. Schiff had stated on Jan. of 10. Dollar driven stocks aren't where you wanna be, because they are coming down soon and hard, while gold and silver set new highs.

[TheSandsOfTime60]

the dude with the dark hair is a moron.

[BABBABOOEY100]

Peter keeps it real, no bull!

[carcaril]

USA must fall to the bottom for dumb ppl to get the simple economic laws..

[carcaril]

Its pretty common in USA.. those who are inteligent are humiliated with laughter of idiotic overconfident mass.. Americans..

[TheBlitz1]

Who are all these tards that disagree with Peter Schiff

are they just playing devils advocate? Or do they really think that employment is up and inflation is down?

[binky4647]

How the F--K was he not voted in for conneticut?

These other turkeys should be shinning his shoes.

[abeismain]

@binky4647 you go shine his shoes.

[longlivetherepublic1]

Run 3rd party in Connecticut Schiff...

[longlivetherepublic1]

Schiff makes these news desk people look like 1st grade idiots.

[emichik86]

@26runner Seriously? I think you are just trying to play devil's advocate. No one in their right mind would say something like that or actually believe it.

[devknob]

i hate anchor tards. I dont recognize the asian or the retard that kept being rude tards. The others kept their mouths shut because they have had their asses handed to them by Peter before, and probably went back on youtube all the way to 2004 to 2007 and up watching Schiff predict this stuff like he is reading a playbook while every retarded anchor on the planet treats him like he is crazy.

[kentucky9000]

Mr. Schiff Nice Work. Mr.Cspan said something like this in past but no one would listen. it was like a bunch of kids at the candy store in this clip. bless there harts anyway I can learn a lot more if they could stay on one topic LOL o well.

[ibelucky1]

I don't think SCHIFF should be in the senate at all , i think he should have his own TV show , i love to watch him rattle these people , and this is what he does best...seriously

[VirtualR]

Schiff was already right, Australian dollar is 92c to 1USD. Goes to show how much trouble USA is in when us Aussies are nearly matching them. This country isn't without it's serious problems either

[Simon69ification]

The guy in the stripped shirt who sounds like he's on cocaine is an absolute idiot.

Go Schiff!

[911LIARS]

THEY ARE ALL A FUCKING DOG & PONY SHOW, THIS ZIONIST PIECE OF SHIT IS THE SAME SHIT WITH A DIFFRENT SMELL, DO YOU SEE THIS COCKSUCKER CALLING FOR THE PROSECUTION OF THE BANKERS, OH NO HE BLAMES IT ON THE PEOPLE THAT BOUGHT HOUSES! IF THE BANKER I ENTRUSTED MY MONEY WITH GAVE IT TO DRUG ADDICTS SHOULD I BLAME THE DRUGGIES OR SHOULD I KILL MY FUCKING BANKER!

[equsnarnd]

@911LIARS You really are a moron. If your banker gave the money to a drug addict and had a gun to his head being held by Barney Frank, Crhis Dodd, Nancy Pelosi et al who would you blame. Get your head out of your arse.

[911LIARS]

@equsnarnd When was the last time someone held a Gun to your head then bailed you out! I think your head is up your ass out your neck again & now you are Blowing the people that RIPPED YOU OFF ASSHOLE! Its the BANKERS THAT CONTROL THE POLITICIANS NOT THE OTHER WAY AROUND, but you have had to many Vaccines to be able to figure that one out! Keep looking for the Muslim Terrorists in the Caves!

[Linoran1985]

SCHIFF ! SCHIFF ! SCHIFF !

[SuddenSparkles]

Tim and Peter are like two alpha males going at it here... I'll bet they both botox in order to get more groupies.

[ashwanthfernando]

Peter schiff is no doubt a genius economist and a true heroic American. He really needs to stand for President.

[Jcolinsol]

Am I wrong in thinking that Peter Schiff is using a priori reasoning to make his predictions?

[LuqmanNaq]

@Jcolinsol Yep, the model of Austrian economics is what he's using to predict.... though I don't know what the epistemological foundations of that branch of economics are, so you might be right in a round about way. Check out his book (he makes it all so simple) 'why an economy grows and why it crashes' for a presentation of the model of austrian economics for the laymen.

[ouluvme2]

The big picture is less spending!

[aznmav2]

who is that guy with the shiny hair? he is about as smart is my left butt cheek

[LuvLondon2010]

gosh, what a idiot on the left! Some people would do whatever it takes to stand out, even when they have no insights into the matter and are no match for the other side! what's with the impolite interruptions anyway, even if he had some stupid comment to make?! grrr...

[dennie6666]

Peter hat Ahnung die Tussi plappert nur !!!

[swirlcrop]

Interesting video.

[Katzenmannforreal]

what a bunch of morons..

schiff seems to be the only one who knows what he is talking about..

[REEMUL17]

Schiff is running for senate! check out his site. We need a guy like him in office.

[LetsGetItStartedNow]

The guy on the left is a complete dumbass. He needs to take economics 101. Where did they get this guy? Increase of money supply is inflation. High prices is the result of inflation.

[cleocondor]

This is the Mainstream Media Folks- paid big press mouths. You can never ever expect a lesser shit from these people. I wishPeter Schiff just said "you idiots". I like him a lot.

[tastyshake]

@Christophilus1988

That one fucktard with the fancy hair made himself look so stupid...I love "fucktard" good call!

[tastyshake]

That fancy hair guy is such a douche. Why would he even argue with Peter.... They need to shut the FCK up and listen to Schiff! I agree, without a doubt, Schiff is the Man!!!!!

[iamthewalrus5]

Paul / Schiff or Schiff / Paul 2012! Don't forget Judge Napolitano as well!

[JesusManson323]

Peter Schiff for President 2012

[getnbusy2nite]

IN ADDITION a falling dollar is what this country needs. Our exports are no longer competitive on the global marketplace when coupled with a fixed currency peg from China. Two countries, one running a current account deficit and the other a surplus (from trade) should see a falling and rising currency respectively. This would balance trade terms as the Marshall-Lerner Condition takes hold on the long-term J-Curve.

Economics jargon aside, this country needs (one objective) a weaker currency.

[sparkloweb]

@getnbusy2nite We don't need a weaker dollar to fuel exports. (See "broken window fallacy.") What we need is a level of productivity that supports enough exports to balance imports. Unfortunately, Schiff is correct and we'll have a dollar crisis without the corresponding productivity gain. The only thing that could "save" us is if Europe and Asia implode even worse, but that's not very comforting.

[getnbusy2nite]

@sparkloweb Not sure broken window applies as the depreciation of the dollar is supposed to occur to reach equilibrium (See Marshall-Lerner, Balance of Payments, AA Curve).

There is no demand to increase domestic productivity as, currently, it is cheaper for us to buy goods than produce them. If our currency depreciated domestic demand would grow as imports decrease, and foreign demand for our goods increased.

Can you define "implode even worse" and how this contributes to our "salvation"

[getnbusy2nite]

I don't doubt that the expansion of liquidity by the Fed is causing inflationary pressure on prices, but that was an important objective of the above mentioned monetary policy. Deflation can be beneficial in few (very very few) aspects but it can cause a more potent economic spiral than inflation, that's why the Fed expanded liquidity. His "predictions" of rising interest rates are not ominous, the Fed has stated it will raise interest rates as the economy improves many times as it contracts.

[aladdin4him]

Pretty boy has no clue what hes talkin bout lol. Guy should work for fox. There is no inflation? what in the world is this guy talking about

[eatandtravel]

When history looks back, people are going to say Schiff why we didn't listen. Buy silver/gold and get the hell out of the dollar.

[mikexhenning]

news anchors still don't get it... why would you argue with a man who made every other news anchor look like an idiot in '05/'06????

[Borneomann]

Boy with the blue tie clearly trying his best to impress. Young, Fast talking and boastful - The type that these 24 hours financial TV stations love to hire and will usualy be proven wrong 99% of the time. what a Moron, and Peter shrug him off like he wasn't there at all. Funny thing he quiet down afterwards...probably the voice on one of the ear piece they are wearing is telling him to shut the fuck up

[medievalfantasy]

Schiff owned every one of these liberal idiots...notice how he shreds each of their straw man arguments one after the other. Schiff should be running this country. His confidence is fantastic.

[TheCashistrash]

i smell a convert LOL the guy in far right converted to peter schiff.

[TheCashistrash]

PETER PETER YOU THE MAN. Peter deserves a noble price for economic forcasting.

[getnbusy2nite]

@TheCashistrash Just to play devil's advocate, if you watched Peter Schiff vids during his interviews in 2002, he predicted that the Nasdaq and the Dow would drop to 500 and 2000-4000 respectively by 2005. Obviously he was wrong. He has also stated in vid-blogs that falling markets abroad will run concurrent to a depreciating dollar, and we saw the past three days this has not been the case (yet). He may have made a good prediction, but it's his only (overplayed) achievement.

[CaribbeanLatino]

Who's the clueless moron with the blue tie sitting way left?

[majikninja07]

2% interest the us debt is un payable, why do you think its at .01% or w.e for so long

[msungs]

Hussein Obama seeks the destruction of the US by spending us into oblivion. We are $109,000,000,000,000 in debt and it's going up! He not only allows but encourages the Federal Reserve, as "Federal" as Federal Express to print more worthless money. I am moving to Germany by the end of the month to escape his oppressive regime. Schiff is the man.

[triggerguy1]

@msungs Ok, but I fail to see the appeal of Germany in this situation unless you really like beer and sauerkraut :)

[dmeiske1]

I absolutely love Peter Schiff, one of the great thinkers of the decade. He will be right on the economy for the next decade and Ben Bernanke and Timothy Geitner will be wrong but only time wil tell.

[WolYou]

you must not study rocket science to know that adding money to the system decreases its unit value. the same with people. the more there are the less their individual value :)

[mongobobo]

There is no inflation anywhere?!?!?

wow....

[thhdrld]

hey mr mongo, If you dont believe that there is inflation happening go buy a candy bar or a hagendaz ice cream bar, what you WILL find is a 30 % or so smaller ice cream bar or the price went up 30% or so and the product got smallerup, is that inflation? if it is its going on everywhere, also try and find a last year newespaper with prices for food items they are way up too!! around30% or so.Ttry this, I pay $9.00 a gal for milk 2 to 3 years ago it was $6 is that inflation? yep!

[exactoknife]

Where do they find these show anchors? Schiff has been calling this collapse for years and homeboy with the fancy hair and TV desk job is going to take him down? What a poncy, economic lemming.

[brk49er]

@exactoknife my thoughts exactly, im watching this video to see what schiff has to say and this ass munch keeps arguing with him. Look punk Schiff is the best economic forcaster in the world and your going to argue that doubling the money supply as we have done in 100 days isnt going to cause inflation. What a dumb ass.

[GtheMVP]

@exactoknife Exactly, either the douche is a moron, or a lier, people like him fll into either bracket.

[eshnajizzle]

@exactoknife He's also been calling the collapse of the dollar for many, many years, yet the USD is deflating. US commodities and industrial economies are in trouble, but that doesn't destroy the new rising markets for services (preferably not financial services) and clean energy.

Just because Schiff thinks services are based on air, doesn't make it so. He's a tangible sort of guy "feeling is believing"? Fine, but get your head out of your ass, and face facts; they are based on skill and trust.

[dglass81]

@eshnajizzle Couldn't have said it better. Those who have had their money in Schiffs funds must be losing a ton of money.

[delyshBB]

@exactoknife that guy actually is fairly good. he agrees with schiff in other videos - i think he just plays devil's advocate here. lol

[winforus]

People need to listen....

PETER IS RIGHT ON!!

[ctspectator]

4:10 SCHIFF OWNS GOLD

[young20hood]

so when is the collapse coming? I have my champagne and popcorn ready LOL

[bestgtor22]

He is right on the economy tanking but I am more inclined to agree with Prechter and those that say deflation will be the main problem for the next few years and the dollar will rise this year as people pay off debts worldwide in dollars.

[yushaos]

@bestgtor22 normally a bad economy corresponding to a deflation. but remember, as politicians try to fix problem by stimulus. There will be a lot of money printed. That is why there will be high inflation in a depression economy.

[rohr808]

Prechter don't know squat. prechter predicted from early 2000's that gold will go nowhere.  He was SURE of this. The best performing asset of the last decade and prechter thought it was going nowhere. Try schiff, faber or rogers for business/economic guidance - not a quack that looks at a bunch of historical graphs/pictures and whatever else the wrong one looks at.

[grange1313]

That guy keeps on interfering! A-HOLE!

Peter has been right so far. For a decade he has been talking, nobody listened. What now? What now? He was damn right!

If I had to choose who should be on TV, it should be Peter, not Ben Stein or whoever!

[GtheMVP]

@grange1313 Ben Stein is a neo con bitch

[CharlieMoher]

This is the only guy who called the coming subprime debacle with absolute precision and everyone howled laughing at him, interrupting him at every moment they could. Glad people aren't laughing anymore but man was this ever an irritating video with all the talking heads interrupting him. I want to hear Mr. Schiff and only Mr. Schiff. That pretty boy on the far left especially would have made a great cross bow commercial.

[darthvader5300]

When U.S manufacturing outsources itself overseas instead of investing in itself to become competetive, automated itself, etc. Then the market for services provided by service jobs disappears & the U.S service sector will follow overseas where manufacturing went when it outsourced itself. This in turn affects U.S job security & employment in the U.S service-information sector. U.S Services is a complementary dependent on LOCAL U.S Manufacturing & is not a SUBSTITUTE economy, not to replace it!

[darthvader5300]

You want to make money? Be a producer-manufacturer. The service sector is just a complementary component of the manu-

facturing sector. When U.S agriculture is threatened by foreign imports it automa-

ted itself & production soared while lowering costs, it did not outsourced overseas. But U.S manufacturing didn't do the same thing which is invest in itself, automate, invest in R&D, increase manufacturing knowledge to be competetive but instead choose a self-defeating path w/c is outsourcing.

[joyibrand]

haha notice how the younger guy stutters and interjects like an ass...

[MsJezebel2012]

Exactly, the young guy is a delusional idiot like so many of these media people on TV. They should listen to Peter Schiff-he talks a lot of sense.

[drewbloom34]

The panel is getting frustrated with Schiff and Schiff is the only one who has the complete wisdom to call it like it is. Schiff, without a doubt, IS THE MAN!!!!!

[eshnajizzle]

@drewbloom34 I do think Schiff is calling it like he sees it, but despite being virtuous as such, calling things like you see them soes not mean your view is correct.

This is a guy, who is hoping for deflation? Why?

I agree with some things he says, but all in all I'm opposed to his view.

[justgetsome]

I find it absolutely amazing that they host these shows with cheerleaders.

[drewbloom34]

Exactly, I agree...

[justgetsome]

The one guy is like...the numbers are improving. What numbers are those? I can barely get through these clips without tossing my coffee at the screen.

I'm so sick and tired of these kanyes kids on these financial shows all with leased BMWs, upside down mortgages and credit card balances, Italian suits telling me to invest in America; a bottomless pit.

Telling me to put my money where and how and when when they are all foreign product spokesmen. Sickening.

[thejizzman99]

the guy in the white shirt is a total buffoon. look closely! he has an Obama button onhis lapel! he has no idea what he is talking about and he is arguing with the guy who does!

[Fruerik]

Christo930: LOL agreed

[LuqmanNaq]

Those guys are jokers. Everyone was ridiculing Peter back in 2006 when he was saying that the economy was going under. Now they are dismissing what he's saying about 2010. Those guys must be government shills!

[christo930]

No inflation anywhere? I guess this asshole hasn't been to the supermarket lately. Where do these idiots come up with this shit?

[tylersilverchoice]

Listening to these hacks at cnbc makes me sick. I had to turn it off half way through its like they live in fantasy land.

[justgetsome]

I can't watch it , I just get angry.

[tylersilverchoice]

@justgetsome Thats how I always feel when I watch corporate media shills seemingly on every channel talk. They have no business being on national television talking like this. Thank God for the internet.

[justgetsome]

Yes...internet. i wonder if these people come on to youtube and read what average people are saying about them.

[FreestyleBoy2010]

you notice how chiness people are all over the place, the economy is caused by fucking idiot american by letting them in here

[justgetsome]

'' chiness'' you mean chinese? yeah well they work and they save their money, blame Americans who are so far gone in debt they couldn't buy a taoster unless they charged it to a credit card.

[justgetsome]

Buddy needs to shut the fuck up and listen to Peter.

[socomplete]

4Real, Some people CANT STAND to be wrong. Its ok you little prick, if your wrong. When you are paying $20.00 for gas we'll see who will be getting cocky and not listen. Notice how at the end of the debate he shut his mouth.

[justgetsome]

He kept looking at his computer screen, perhaps he was getting our instant message responses. I think the guy has a mullet, didn't that go out in like 85?

[socomplete]

Lmao, mullet

[justgetsome]

Am i wrong? I think he has one...what's next..getting a pontiac firebird, that would make the time travel complete.

[socomplete]

Prehistoric mullet