Schiff makes a lot more sense, prices rising or dropping is NOT inflation, inflation is purely with the supply of money, none other than the result of printing or creating money out of nothing and backed by nothing ....
wtf is wrong with the host? He used to side with Peter and now he's trying to shut him up. Get rid of these people because they are giving terrible advice!
My mistake/bad, it was Senator Chuck Schumer I was talking about. I despise the guy so deep and wide that I didn't realize who I typed. yes of course Peter Schiff has been right pretty much without exception. If there is hell, there will a special place there for Schumer and all those with him.
Inflation is defined as an increase in the money supply...These morons keep claiming that inflation is an "increase in prices." Sure...Prices often increase as a RESULT of inflation. To make the claim, however, that inflation IS a rise in prices is either intentionally dishonest, or the result of a misunderstanding of BASIC economics...These guys are supposed to be experts. The idea that they're intentionally obfuscating frightens me worse than Peter's predictions.
This man, this Senator Schiff is one of the real bad guys...right up in the top 20. Anyone who watches his career and panels he has been on will quickly know the evil man he is.
First, he's not a senator, second, he's been right about most of what has happened in the last few years. Evil? Because he actually understands the data and the disinformation? Pretty childish analysis.
European banks aren't cool like us! They don't realize we can print all the money we need. Need a microwave - go to kinkos and make you some money! Need a Hummer H2 - go to Kinkos and make some more money. I never relized it, but all we needed in America was a printer! Brilliant!!! Dumb Europeans.. How come they cant figure that out!! lol
again the "experts" are still confused between the effects on prices based upon SUPPLY & DEMAND. They forgot or wern't paying attention in ECON101 that; INFLATION & DEFLATION are monetary issues. ie. money supply inflation vs. contraction. all they would have to do is check out the FED's own numbers to see that the "monetary base" aka. M0 just went hyperbolic. That s text book inflation.
Right, and what we have is the liquidation of too much supply of things which people don't demand. But what people do want and need will be unaffordable.
stupid fucking dumb mofo's, fuck it no need the type in a decent comment for this clip cause these experts are FUCKING RETARDED. they don't know what inflation is, they think you can print your way into happyhappy land.... fuck this shit!
Good Monetarist vs. Austrian debate on the economy right there. Monetarists believe that the first depression was caused by mismanagement of the money supply due to the lack of money printed before and during the Great Depression. Of course that is flat out wrong. It was the increase in the money supply which caused the Great Depression. Rate cuts are not the answer, and it will only create an artificial and unstable environment in which the consumer is punished for saving.
Schiff makes a lot more sense, prices rising or dropping is NOT inflation, inflation is purely with the supply of money, none other than the result of printing or creating money out of nothing and backed by nothing ....
oryxx 2 years ago
wtf is wrong with the host? He used to side with Peter and now he's trying to shut him up. Get rid of these people because they are giving terrible advice!
smasila 2 years ago
My mistake/bad, it was Senator Chuck Schumer I was talking about. I despise the guy so deep and wide that I didn't realize who I typed. yes of course Peter Schiff has been right pretty much without exception. If there is hell, there will a special place there for Schumer and all those with him.
LordKarmaUSA 3 years ago
Inflation is defined as an increase in the money supply...These morons keep claiming that inflation is an "increase in prices." Sure...Prices often increase as a RESULT of inflation. To make the claim, however, that inflation IS a rise in prices is either intentionally dishonest, or the result of a misunderstanding of BASIC economics...These guys are supposed to be experts. The idea that they're intentionally obfuscating frightens me worse than Peter's predictions.
caltrop69 3 years ago
This man, this Senator Schiff is one of the real bad guys...right up in the top 20. Anyone who watches his career and panels he has been on will quickly know the evil man he is.
LordKarmaUSA 3 years ago
First, he's not a senator, second, he's been right about most of what has happened in the last few years. Evil? Because he actually understands the data and the disinformation? Pretty childish analysis.
pretorious700 3 years ago
man these guys are about as dumb as they come....some how they think we can continuously increase the money supply and no inflation will occur...haha
if printing money out of thin air works then no one would ever have to work and Germany would have been a success
itstheChampion88 3 years ago
We are SOOOO screwed.....
Nexus974 3 years ago
i love youtube i can skip through all the idiots and listen to peter.
justgetsome 3 years ago
European banks aren't cool like us! They don't realize we can print all the money we need. Need a microwave - go to kinkos and make you some money! Need a Hummer H2 - go to Kinkos and make some more money. I never relized it, but all we needed in America was a printer! Brilliant!!! Dumb Europeans.. How come they cant figure that out!! lol
kbeck8989 3 years ago
And once more Schiff is spending his time trying to give the "experts" an economics lesson. Keep schooling them Pete!
joeymackaroni 3 years ago
again the "experts" are still confused between the effects on prices based upon SUPPLY & DEMAND. They forgot or wern't paying attention in ECON101 that; INFLATION & DEFLATION are monetary issues. ie. money supply inflation vs. contraction. all they would have to do is check out the FED's own numbers to see that the "monetary base" aka. M0 just went hyperbolic. That s text book inflation.
joeymackaroni 3 years ago
Right, and what we have is the liquidation of too much supply of things which people don't demand. But what people do want and need will be unaffordable.
libertyeconomics 3 years ago
At what point do we the people realize it's time for a revolt??
matrixm777 3 years ago 3
stupid fucking dumb mofo's, fuck it no need the type in a decent comment for this clip cause these experts are FUCKING RETARDED. they don't know what inflation is, they think you can print your way into happyhappy land.... fuck this shit!
jeffsst 3 years ago
I cant belive they dont know what inflation really is , ie inflation of money supply , not the result price rise
danbuck333 3 years ago
its just another definition to decieve people!
jeffsst 3 years ago
Good Monetarist vs. Austrian debate on the economy right there. Monetarists believe that the first depression was caused by mismanagement of the money supply due to the lack of money printed before and during the Great Depression. Of course that is flat out wrong. It was the increase in the money supply which caused the Great Depression. Rate cuts are not the answer, and it will only create an artificial and unstable environment in which the consumer is punished for saving.
gsn1hiroland 3 years ago
When will the Keynesian fools learn we can print our way to prosperity?
RonnieJamesreamer 3 years ago 2
Wow I hate how they are trying to make reality out of short term moves...
puffyDK 3 years ago 2
I got into silver when hit the $9 range. November. The financial press was crying over "deflation." I saw right through that one.
libertyeconomics 3 years ago
Please read Ron Paul, Michael Badnarik and Peter Schiff!
chucksheen 3 years ago 3