Peter Schiff July 4th special Vlog

[kajet1]

Peter, you talk about how the US cannot afford to pay back its debt other than by rolling it or monetizing it. China would rather lend more to the drug addict - and help the US roll the existing debt to China - than take trillions off the printing press. I am of course talking about trillions ADDITIONAL to the ones already printed, trillions that the US would be forced to print to pay back debt that it suddenly cannot roll.

[DillonX]

Peter -- are you still predicting gold will be over $2000 by year's end, maybe as high as $5000 an oz?

That sounds totally unreasonable to me.

[hume12345]

didn't jimmy carter inherit a recessionary economy from gerald ford. didn't he also try and do the right thing only to be voted out of office. I don't blame obama for the stimulus as it's what the majority of people want. what they need though is a prolonged depression.

[Bankingcartel]

And that is why we are a Republican form of government and not a mob rule democracy.

The 17th amendment killed alot of the Republic.

[thomaserossi]

No. Carter resorted to price fixing which created an artificial shortage and ruined our economy much more quickly than Nixon. Communists like Carter never understood the role of prices. The Soviets ran Russia's economy into the dirt for the same reason. At least they were smart enough to admit it.

read "Basic Economics" by Thomas Sowell

[rahmega7]

There's going to be a National Default Day on August 3rd 2009. This day will mark the start of purposeful defaults on any loan including mortgages by ALL American citizens. It's non-partisan and every political identity is encouraged to join. . . Once again it's on August, 3rd 2009. . . Spread the word. . .

[TheNRA4ever]

Peter..you are the only one who says it like it is !! I read your book, took your advice, and am way ahead of the game because I did so !! Bought Gold and Silver and got out of the U.S. Dollar!

[ugadawgs1984]

I agree that healthcare should be higher quality and more efficient.

I'm not sure that Peter is right here when he says we need less healthcare employees. I think that we could both gain efficiency and increase healthcare employment simultaneously and not be overstaffed in this country. This may be especially true given the aging baby boomer cohort that will increase the healthcare demand over the coming decades.

I love Peter Schiff's videos, keep it up.

[snoozingphil]

Politicians are there for themselves and they are greedy money grabbing pigs. They tax the hardworking people on low incomes yet let the fat cats feed with tax breaks. Pay a fair wage and cut taxes and run things properly for the working man and woman and stop producing all the cheap crap in China and buying it. If you dont things will get even worse than they are now. Thanks for another great update Peter.

[Lingerfoot]

Thank You, Mr. Schiff. Peter Schiff - 2010

[flagship21]

Peter could you meantion what jeffs sach did for boliva to kill inflation?? on PBS

[pokerkingtrevor]

Thank you, Peter. I love your videos..

[liaq954044]

Thank;s p

[narutofan1108]

Thanks Mr. Schiff, I enjoy viewing your blongs. Keep 'em coming!

[narutofan1108]

I meant vlogs. Sorry for the typo.

[thomaserossi]

I lol'd.

It sounds like a Web-Log-Bong: Blongs!

It's a high-tech way to get high!

[Surhotchaperchlorome]

Stimulus is a load of horseshit anyways.

[1mealperday]

usually when we dont build houses

we turn to remodeling now even thats not happening

my particular market was seniors

8 applicants we had all cancelled

all tradesmen are not working

and see nothing coming.

[Surhotchaperchlorome]

"As for me, I prefer no taxation, with or without representation." - A picture I saw.

[stormcrow2525]

Thanks for taking time out of your holiday to keep us up to date