Peter Schiff talks about the 2011 Nobel Laureates in Economics

[halflifeproductionz]

liberal morons!

[Spjungen]

god they are so full of shit....this is academia. These are who we call the smart people...these are the people we give nobel prizes...these are the people in washington...

god I hate this country. I really hate it so much...

[Aphoresis]

@Spjungen

Only Utopians or people with Malignant ideologies hate this country (and there is Libertarian Utopianism just s there is Liberal Utopianism).

[jtk51390]

Peter Schiff, we are all waiting for your Nobel Prize in Economics for accurate predictions of hyperinflation and broader U.S. economic performance.

[woweifj]

haha..these guys have PhD's from Harvard and have published scores of papers in top journals in the last decade alone. Whoever thinks he's smarter should (and this includes Schiff) should post a response explaining why Sargent and Hansen's multiplier model is not a good resolution to the equity premium puzzle or point out the conceptual gaffes in Sims' Bayesian VAR methods or his overemphasis on NK frictions

you know..just to enlighten the rest of us butt-scratching redneck academics.

[megatherium100]

@woweifj Goverments all over the world have been listening and applaying the economic prescriptions of Nobel prize laureates for decades. You just have to look around and see the economy to know how smart this people really were.

[Aphoresis]

@woweifj Mega put it well.

Words and theories are nice but In the end knowledge is about results.

Schiff doesn't have to post a response rambling on about the theoretical constructs you refer to, he did what they could not: he predicted the Economic Crisis.

[Spjungen]

@Aphoresis And if you look at it realistically, with a clear mind and knowledge of what's REALLY going on it wasn't that hard to predict either; debt leads to uncertainty, which leads to loss of confidence, which leads to short-selling, which leads to a market crash, which leads to a recession. Simple as that.

[Aphoresis]

@Spjungen

Yep, I agree. It's common sense that alludes many modern academics, and without common sense intellectual knowledge is useless.

[chapaev36]

You know, this doesn't surprise me at all. The thing is that these are really old dudes. They probably knew a few things when they were in their 20s, 30, maybe 40s. Then they got their tenures and phoned it in. It's shameful.

[FarewellThoreau]

You know what I notice about Peter Schiff he always says "ya know", "you see", "again" really fast before he makes his next point and it's really funny. Aside from that, Peter is the man! I love his written works and radio show

[intrigid]

@FarewellThoreau I noticed that too today, but it's so smooth and seamless that I hardly ever think about it. His mannerisms are to his speech what MSG is to food.

[FarewellThoreau]

@intrigid Did we just become best friends? :)

[dscoleri]

Peter, you should interview these guys on your show...maybe they'll learn a thing or two.

[88relient]

They may as well have a Nobel Prize in Plumbing

[fosterchild4523]

Wow!. I can conclusively say that those two are in fact as dumb as they look.

[kreezus]

LOL

[ahmedalsharman]

i got a Noble prize in plumbing

[TheBlitz1]

@ahmedalsharman so you suck at plumbing?

[JANOSNFHH]

even i could have said more and i have only a c in maritime economics not a nobel price..

probably it their mentality ,...calm...shy..whateve...

but why are they appearing ???

it makes no sense to me

[otacon451]

in late 2008 schliff was telling everyone to get as many credit cards as possible and max them out because the USD was about to become confetti.

[LotusMoon201]

In the past these kinds of people were not called Nobel Laureates they were called village Idiots just like the one in the White House

[bluedogofdark]

peter schiff is awesome

[koalabear19]

Noble muppets more like. Fucking idiots!!

[gimmethedetails]

when i was a young buck... the gray haired guys knew what the fuck...

we are f@#ked!!!

[gimmethedetails]

wake the f up this is your future....!!! hoooooooooollllllly f.....

[mojorhythm]

Here's how to fix the US economy: have a debt jubilee, and a round of fiscal stimulus.

[bluedogofdark]

i flagged the video of the press conference for being a scam/fraud

[billlodderhose1]

You know what I just figured out, these guys must be saving money by using the same speech writer who penned Carney's little joke of a response following our President's drone bombing of an American Citizen without any evidence or trial. They feel they're beyond proving anything anymore, they don't offer any evidence to even "seal" up for our protection for 25yrs, 100yrs or all of TIME! These are professionals, whose job is to answer questions with a straight face and they can't stop laughing!

[billlodderhose1]

Since George Carlin died three years ago and Bill Hicks has been gone almost 20 I rarely watch comedy anymore because this stuff cracks me up quicker than any standup these days. Nice response Mr. Nobel Laureate, maybe you'd better hit the books and go back to school, you didn't do your homework, that's 4sure!

[brianstacync]

they are special, they dont have to answer menial questions from noobs

now get me coffee

[Lukeor]

You don't win by knowing the most. Anyone familiar with bureaucracy knows, it's telling the boss what he wants to hear that gets you awards. Not being right.

[yjfoo23]

nice editing! Great job!

[trexx32]

to bone heads thus rendering the Nobel prize meaningless just like Obama's

[rpo11234]

they know the truth...but wont publicly say it....this shit is gonna get bad real soon

[SuperMDemon]

The two of em shoulda won the nobel prize for for being d bags.