Crackhead explains why the stock market always goes up!

[kevattaya]

WOKD. It's all about RELATIVE value. When fiat currencies start to crash, people will look for something stable that holds its value. That's when they turn to precious metals. You need SOMETHING that can't be counterfeited. That's the main difference between fiat money and REAL money.

[W0KD]

Buy gold and silver? If money's worthless, what do you buy it with? And if you already had such random metals,? how would they be "valuable" when you can't "sell" it, because it would only be to gain recognizable money. You're just going to be able to buy LESS, that's all. Having "precious" metal is nothing - that's like saying you have lucrative stocks and bonds - but they're worthless unless you SELL them for something!

[HorrorAngel666]

Its gonna keep going up,, his nose!

[amore101]

@HorrorAngel666 SNIIIIIIIIIIIIIIIIIIIFFFFFFF *wipes nose* ahahaha

[kudgcn43]

cocaine is a hell of drug

[amore101]

@kudgcn43 LOL at your Rick James reference. 

[uturniaphobic]

ever been on the floor of the NYSE?

it's a circus with free drugs everywhere.

[AIMANALI]

Crack head - I was too busy looking at her. Damn she is hot

[themagus187]

The only good thing that I see about CNBC is the fact that they at least have Peter Schiff and Dr Marc Faber and Jim Rogers on more than the other stations seem to.

[PontiffMystic]

lmfao.

[neuregel]

this is exactly why I dont watch cnbc, cnn and the other fuckhead news channel.

[lostprophet912]

"If we get the bottom of the housing market"

lmao! big "if". What fundamentals suggest we are anywhere near the bottom in housing?

[rakrobn]

Bald guy needs to start drinking decaf.

[macman13]

Cocaine is apparently up several points

[BlacksAreBeautiful]

lolololol.......nice!!!!!

[justgetsome]

New record? yeah...record lows that is for 2009.

What was the other catch phrase of 2008? Oh yeah the sub-prime mess is contained and won't spread to other areas.

[Silberdachs]

What a creepy, greedy little coke addict. Urgh!

[nammek]

Peter Schiff listens to the rock band the Strokes

[jejojassy76]

I think Costanza has a twitch

[freshmeatz]

man that dude is so freaking tweaked up , I am surprised with his usage he is that fat still, must like to eat allot at night to bring down the buzz to rest.

[stinky125]

HaHaHa...that fat dood will get a job ta build a road or school from Bammy. No worries.

[mormonbrae]

lol..stumbled onto this video again...and again I am belly laughing...

[034gwizard]

watch his eyes..thats not panic.its paranoyia.that dude is definetly using..rt931 knows his stuff..

[mormonbrae]

lol...i am laughing so hard right now water is coming out of my nose...good one RT931...lol...'I am so high right now, I am going to keep going up, keep going up, keep going up'...lol

[AllahConsciousness]

What a bald douche. He is probably still thinking that the stocks are "gonna go up." When his fat belly is gurgling from hunger pains because he lost his job and money, he will realize what a silly game he was playing.

[benjleeru]

rofl, "if we get the bottom of the housing market". That's like someone on Mt. Everest saying, "I'm at the bottom of the world!"

[crazypokermike]

In the full interview he reminds me of a little child who just doesn't want to believe reality, even though deep down he knows it's true. "But I AM going to be superman someday". Then you try to use logic "But My mom says I can be anything I want to!"

[chromethink]

His pupils are the size of half-dollars

[northernTide]

time to kill all the money-grabbing jews?

That guys a fucking jew

[northernTide]

OK jew

[sinicalgary]

ha ha look at the economy now... cooperate whore America imperialistic militaristic... America is evil plain and simple right down to the best of it, its a rotten core through and through and there finally getting what they deserve lol think about all those fatty's starving YOUR FUCKED AMERICA!

[azizmohaisen]

easy brother ^^ well, i don't know what to say in such situation but it's true that a few saint on the earth ... and none of them is residing in America ^^

[sinicalgary]

Ya were all screwed because of cooperate greed and its going to cause mass strife world wide in the so called "power houses" the rich become poor then the poor become equal if there are any left

[caganb]

We will blow you off the face of the earth.Then take your stupid oil.

[sinicalgary]

No you won't. you have no money no money = no army you may think your invincible but oh look another 777 dow point loss you talk tough but you will fail

[azizmohaisen]

blow me? but i don't have oil any oil. you know, you are wacky ^^

[sykesdenali2]

yeah, nice prediction dude. i hope your mom didn't listen to you, asshole. what a fat fag.

[webovisionca]

Its keeps getting higher and higher! oh ya. we keep goin' up.. It keeps getting higher and higher.

[stevemcgee99]

That dude looks like one of the many speed freaks and coke heads I meet here in Tokyo trading BS stocks.

Sure, they make lots of cash, but their job is basically acting as salespeople for those who are destroying our currency and paying for pork.

[softearth]

"you guys have to figure this out" LOL

Go Peter!

[hidermann]

focin ugly crackhead

[420bmxer]

funny sence your money feel to the canadian standerds

and sum how the stocks keep rising but sence its down to the canadian prices the stocks really lost value

[Vykkdraygo713]

the economy is a crumbling foundation. BUY GOLD AND SILVER WHILE YOU STILL CAN

[bander87]

While you still can is right!

[Jarezev]

Bah, recessions come and go.

[adrianb1707]

How are these guys still in work. They make money out of pure gambling and theres supposed to be this so called "Skill" involved in it. Wall street is a big pit of fools.

[Brawk]

Thank you Federal Reserve. You single handedly have managed to bankrupt an entire continent. My advice is learn to speak Chinese.

[PimpedYourMom]

damn. I was hoping for a real crack head telling the news.

[stevemcgee99]

Dude, I'm sure he's on coke or speed - at least. It would be *normal* considering the industry, and especially in this market.

[bassfishers]

That idot is still on cnbc most mornings touting his web site and get rich by trading his system, how can they get away without being sued to death???

[marktimmer2212]

corporate media

[ispeakthetruth2008]

Exactly. The SEC lets them get away with this shit just like the let Wall St. screw investors and just like they let these "Learn to trade" infomercials plaster the airwaves. FUCK WALL STREET AND THE SEC CROOKS. They will all burn in hell.

[Chibangs]

Yeah pretty easy elementary mathmatics as the dollar falls it will natural make stock "price", not worth, go up! DUH!!!! They are such Enron cox suckers

[JP5466]

Those floor guys that CNBC has on are ALL crackheads!

Schiff rules.

[AMNielsen]

Yeah, a lot of people would be chocked if they knew how Dow Jones, S&P & Nasdaq have developed since 2001 in euros - or even worse - gold.

[dave777blaster]

ITs a broken record alright !

Ill keep my 180 bars of gold, thx.

[00643981]

Bankers have conned us all. We built this country, only to find out that we can't afford to buy what we have created with our own hands because we are forced to use a money system that is corrupt by design. WHAT A SCAM. To understand how this system is works to steal property from you and me and hand it over to the bankers, see Google Video: Money as Debt - Fiat Empire - Monopoly Men - The Money Masters - Freedom to Fascism - Zeitgeist.

[cookiesandcartoons]

Thanks, interesting videos.

[dan020350]

and it keeps going and going....nothing stops a durcell battery.

[donaldsonb]

Where do you find this clown in the red jacket

[leevi1234]

b'nai brith

[OregonDARRYL]

Must be nice to profit at others' expense and feel so good about it.

[kasdri]

shiff should have told that fat motherfucker off ,,, what a dumb fuck ..

schiff backs ron paul  ,,, :-)

[sergey444]

he probly did, but was shut up for being too complicated. they then went on to tell him to expail plain and simple what will happen....

[KingJamesBible]

ROTFLMAO !!!!!!!

[tangeuray]

Shiff has endorsed Ron Paul :)

[jtguevara85]

were gonna keep going up

were gonna keep going up

were gonna keep going up

were gonna keep going up

were gonna keep going up

[SnarkLicker]

That bald dude either needs to do way more or way less drugs.

[HysteriaDLX]

ROTFLMAO

[JP5466]

That bald bonehead is a big time floor trader, so he KNOWS what he's talking about -LOL!

Schiff is laughing his ass off today.

[theoshow2]

Haha! Peter Schiff vs. Talking Penis Guy

[z8it]

Look at that soulless yuppie Moron! He thinks it's going to keep on going up. My god! He probably got a Yale business degree & thinks that these CFR ,BILDERBERG CRIMINALS will actually pull this economy collapse SCAM off. Hit that pipe again little fat bald guy.

[PresidenteCamacho]

Haha! Who is that guy - he looks like the janitor at the New York stock exchange.

[JP5466]

Yup it's all quite silly. The FED will momst likely cut the rate again on the 31st... That will kill the dollar even more.

After the 31st, the FED will have run out of things to prop this market up... then guess what happens?

[Apocalypse487]

that's true. they are tryin to remove the dollar anyway and replace it with the credit system. these things are not supposed to be taken lightly. A full credit system means more homeless because of credit score. people will be broke and homeless. the economy is very weak right now. What happend to Russia is slowly coming back to us.

[McWalker25]

Apocalypse, as individuals what do we need to do to insure survival in this financial epidemic?

[Apocalypse487]

vote the right way, this year. voting is the key element to running a government. We run the government not these politicians. if we dont' wake up and see what's happening well soon, it will be too late for us.

what we need to do is ask questions and if they fail to answer them, then by the power of the people and the consititution, remove that person.

[JackNeedles]

And yes, vote Ron Paul and spread his message.

[McWalker25]

Apocalypse, as individuals what do we need to do to insure survival in this financial epidemic?

[JackNeedles]

Buy canned and dried food, plant plants, buy silver and gold, buy some guns( for the riots), and stay away from big cities.

[eekdog2005]

Look at the dollar! It's going DOWN! If the dollar has lost 50% of it's value how is the market going up? It's a prop for the sheeple before the bottom falls out!

[DangerousCombination]

Look at gold, up more than $100 in less than 2 months.

[tomrdee]

The stock market keeps goin up because the value of the dollar keeps goin down.

[zdon25]

yep! inflation baby! thank the crooks at the Fed! Buy Silver, Gold, Oil and stocks related to that sector! Ron paul 2008!

[McWalker25]

does oil from gas stations count?

and I thought all stocks were worthless, are you saying if I can find an oil stock(lets say for $0.35 per stock) then it'll be alright to invest?

[NewspeakDictionary]

Anybody ever seen "1984"? Every year the government would produce statistics on how production is up by 20% or 30%, yet the citizens were faced with more and more shortages of basic consumer goods. A loaf of bread cost 1,000,000 marks in 1920's Germany, but that didn't make the bakers rich. The value of the dollar is down, so it takes more dollars to buy anything, including stocks. But that doesn't make the stock worth more. In truth the dollar has no real value, so it's all just a shell game.

[melliand1]

The federal Reserve gives you the core inflation rate. The core inflation rate doesnt factor in food and energy. Oil has gone up 300% since 2000. The true inflation is around 10%. 10% stock - 10% inflation = 0

[relhak]

If the size of an inch shrinks by 10% each year, then my penis automatically gets 10% bigger each year.

If the value of the dollar goes down by 10% each year, then the price of my [gold wheat oil XXXinc-stock etc] will go up by 10% each year.

The DJIA 5 year average only outperforms parking your money in CAD$ or Euros by about 10% OVER FIVE YEARS. The stock market isn't surging, the measuring stick is shrinking.

[relhak]

The best part:

Stocks up 60%, dollar drops 30% in value means your buying power only goes up 12% overall (1.6*.7). But you still have to pay taxes on the 60% 'gains', which should more than wipe out the 12% of actual earnings. You'd have been better off hiding Euros under your bed at 0% interest rate and not declaring it.

If you're rich, your assets are being taxed just for keeping up with inflation.  If you're poor you've gotten a 30% pay cut.

[olamapsa]

Hahahaha, funny video. Really.

[Nickelodeon2002]

Hairclub for men.....or really just a club for this man.

[animateclay]

Heh, pretty funny video. Well, the value of the dollar is going down, so it doesnt matter how much you make in the stock market.

[sighet03]

Yeah if you travel over seas.

If you stay in the U.S. prices on goods will not increase. The price of the dollar dropping isn't the end of the world.

[jayroc555]

The effect of the us dollar going down will be felt by every american, it just takes time. The cost of imported goods will rise. The cost of transporting those goods will also increase. How much oil do we import? How many things do we buy from China?

[Sigkim]

America imports many goods and if the dollar is weak against that currency then we will pay more.

Sig

[sighet03]

Maybe, maybe not.

Exports will surge on a low dollar, decreasing the deficit.

[dingusmungus]

Wheat reached an all time high this month.

Fuel reached an all time high this month.

Gold reached a all time high last month.

Forclosures have reached an all time high.

It's like people don't think anymore!

[sighet03]

The increase of oil (cost) and foreclosures were NOT due to a weak dollar.

Oil rose on speculation based on hatred growing (toward the U.S.) around the world.

And due to a shortage expected for the winter.

Foreclosures-- rising interest rates and skyrocketing monthly mortgages.

[julebuggy]

If you buy anything from overseas. I guess I can't remember the last thing I bought from China.

[relhak]

You mean goods like gold, silver, copper, steel, oil, wheat, sugar, wood?

Any commodity that can be easily exported is skyrocketing in price, as we have use our own weak dollars to compete to buy our own goods.

I sell collectibles internationally, and all the rare stuff has skyrocketed in price in the past five years. The buyers are almost exclusively from Europe.

[slissone]

haha what is that guy on?

[brenda721]

If USDollar priced stocks go up by 10% while the USDollar drops by 5%, then those stocks have only gone up 5%. Pretty simple.

[762ForFreedom]

...and if USD stocks go up 10%, while the money supply increases 14%...

[brenda721]

M3 is a myth. I hardly even remember it now. Please pass the kool-aid.