Peter Schiff - Predictions for the Next Decade

[benallen12]

Dear top two commenters, you both need to check your spelling and grammar before posting. You never know when you might end up on top. Fortunately you are correct, and I'm going to operate under the assumption that you were as intoxicated then as I am now. Still giving a thumbs up.

[cupocity303]

Sounds like fun. FTW Anarchy. 

[cyrusfx1]

I predict Peter Schiff will never win a political office, in the next decade or any other. Not even the Nassau County Pooper Scooperintendent.

I predict Peter Schiff will only make himself look like more of a moron in the next few years, as it becomes even more clear that he doesn't have the faintest idea of what he's talking about when it comes to economics and the markets. I predict people will catch on to his political hackery before he even suspects they might.

[sudsymofo]

24,629 views. Sounds like 24,529 votes for Ron Paul !!!

[king13shodaieEEE1]

the solution is to get rid of politicians and corporation and cancel the military and all police

[Evenwas616]

@king13shodaieEEE1 you pretty much said to let anarchy run loose, you do realize this? And also the likelyhood of us getting invaded if we have nobody in our military or police is extremely high.

[Evenwas616]

@king13shodaieEEE1 Anarchy is the worst system in the world, it's not even debatable, you don't get food in, you can't trust anyone else because there is nobody to keep you in line, schools are gone so our next generations will be idiots, currency is gone because it would be claimed worthless by other countries and once everyone in America realizes it, no order, no law, nothing, if i would go on a mass killing spree, nobody would take action to stop me, welcome to the jungle.

[king13shodaieEEE1]

@Evenwas616 no what we have is the worst system in the world. if you were to go on a killing spree then I would kill you. but in this system I dont because I dont want to go to jail. You keep thinking that building gigantic prisons is going to make things better but its just prolonging an inevitable disgusting war.

[strych97]

@Evenwas616 You're right. Before government existed, people starved to death en masse, no collaborative organizations ever existed, there were no such things as school or education and money was not even concieved of.

Thank god the state came along to invent farming, cooperation, knowledge and gold.

[king13shodaieEEE1]

shouldnt you still be down at occupy?

[ggggrrranyname]

I suggest getting really BIG guns. Find out what your neighbor has, get the next size round up

[xxxxAXIxxxx]

Thumbs if you're glad to be a gun owner :) Good o'l Saiga 12 owner here.

[peterschiffisafraud]

peterschifffraud.blogspot.

[daverandalstrailers]

i believe the US was actually in a recession in 1990.

[JawsJaws]

President Obama called Wall Street bankers “fat cats” and says he's a "warrior" for the middle class. The numbers show who he's really fighting for. Under Obama, Wall Street has generated over $85 billion in profits in 2.5 years. Under Bush, they generated $77 billion for the entire 8 years he was in office. Obama has also received more 2012 campaign donations from the “fat cats” than all GOP candidates combined. "LIKE" if you think Obama is a "fat cat" in disguise, not a warrior for the middle

[mryellow123]

@JawsJaws Still caught up in the democrat vrs republican or giant douche vrs turd sandwitch side-show?

Those stats are just meaningless numbers, you're quoting "now" numbers against "ages ago" numbers. Exponent function tells us that over a period of 10 years or so we can expect this kind of growth in the numbers regardless of what idiot is the figure-head.

Give the cheerleading a rest and just be ready for what's happening.

[JawsJaws]

@mryellow123 I just post facts. No opinion was inserted.

[mryellow123]

@JawsJaws Yeah facts, but you're missing something important with those numbers which is blinding you a little. They actually don't show the massive explosion you think they do but instead are just normal exponent function results. Do look impressive though.

That and you're distracted by the magic show.

[JawsJaws]

@mryellow123 They would have not been so bad if someone else was in the white house. Truth.

[mryellow123]

@JawsJaws ugh.... had a feeling you were taking this as some kinda "My TV star is better then yours"..... I really don't care which clown is the figurehead of the US reality show.

[QuickSilverD]

Is that Windows XP in the background? Jesus, Schiff upgrade already

[mryellow123]

@QuickSilverD Always wait for Service Pack 3 before upgrading MS OS.

[TheAmazingMorse]

First I want to apologize for my remarks I made in Mr. Schiff's OWS video, at least partially. Secondly, I would like to ask people to keep in mind the question "Who owns our debt?" It is quite possible that the same people who own the debt are the very same people who have created it. We can all scramble from a sinking ship like a bunch of rats, or we can hang together as Americans. The choice is ours.

[HornetUK1]

i feal smarter for woching this 

[AidanMusik]

When Peter Schiff makes a prediction, you listen

[raath555]

Do people not understand I CANNOT LIVE like this for another 7 years

[macro312]

FUCK YOU PETER SCHIFF

[DraughtOfPeace]

@macro312

lol. wow, you're real open minded, aren't you.

[macro312]

@DraughtOfPeace

yes



[superhawkn]

Lack of silver or gold standard scares me and it should you 2. Print print print we will be in trouble. I am pro Obama and Schiff go figure

[aon10003]

Its not a bad thing of serious foreign owner buy american companies. Many american owners are very shortsighted.

[poisas69]

PPL there is country that if you need like 3 car tanks a month, that the sallary versus fuel price, only fuel will take 100% of your sallary.... today if i need like to drive some 1000km/month, it costs me some 150euro, ant his is 50% of so many peoples sallary...

other 50% of sallary 150euros will cost next winter for heating /month :) so driving a car, and heating a 70square meter flat, will take 100% sallary.. , ok you ar smart and ql guy, you get, some 1000euro, it will be 30% of sallary..

[jhlbjaaa]

Just move to Mexico. 

[bezant1971]

@jhlbjaaa I am mexican, and that is very bad idea, we have corruption everywhere, as well as violence.

You better move to Canada.

[leomnyc]

@bezant1971 When American economy collapse at 7am in the morning, Canada's economy would collapse before 2pm the same day.

[bezant1971]

@leomnyc well their currencies will collapse, but those who have PM or agriculture land, or infrastructure will survive to fight another day

[NYWAORCANZ]

there will be a lot of looting.That will be an easy one to see

[AIMANALI]

Someone please explain. If all the foreigners will start buying US goods (to get rid of their dollars) and that will push the prices of our goods up . ok...than would that not be a recovery, an increase demand for our products etc etc. Isn't that recovery ?? ! How is that bad ?

[TheBlitz1]

@AIMANALI What US goods? All the goods we have are from china, it would be a giant repossession of assets, and after it occurs, while china's factories are expanding, we have none, no capital to build any.

At this time we will also be suffering from massive inflation and sky high interest rates. It will be like the 18th century.

[AIMANALI]

@TheBlitz1 You say repossession...ok please explain ? we have BOUGHT things from China hence those goods are OURS. So they start buying it back and that makes the price of those goods go up. I am not trying to be difficult just trying to understand - please. Yes China has lend us that money - through buying t bills....so it all a circle that ultimately effects both China and US. what am I missing here ? and please do not be rude

[TheBlitz1]

@AIMANALI All the goods we have are from china, it would be a giant repossession of assets, and after it occurs, while china's factories are expanding, we have none, no capital to build any.

[deanmat]

@AIMANALI I think he might be saying that America basically lives off of borrowed money that isn't really theirs. A lot of it is borrowed from China. Much of the things that you own was really bought with money borrowed from China. If you can't pay China back, they might just want your stuff instead. (That's oversimplifying things of course.) Think of it this way: For the last decades, the US borrowed from the future. And now, it seems the people they borrowed from are losing confidence

[TrainingStream]

@deanmat Alot of Americans do not understand how the Fedral Reserve works. Some Americans still think that the Fedral Reserve is a Government bank. Further more if you tell the average American the truth, they call you crazy and say "Na that cant happen here". Are these people really worthy of the lifestyle they have when thae do not understand how it is possible? It no dobt that these people will be confused and dangerous when the shit hits the fan.

[PanzerDivisionBOM]

@TrainingStream

I think a helpful metaphor is to say that the Fed is exactly as private as the US post office.

Both were created by acts of Congress. Both provide a genuine service, for which there is actual market demand, but do it very poorly. Both are given special privileges under the law to do things that other firms may not, and the US courts are very persistent about persecuting and shutting down even their smallest competitors. Neither would last a month without its monopoly grant.

[kopellhinex]

bankers+lawyers+police+judge+p­oliticians+criminals+terrorist­+gamblinglords

+rebelnarcopolitician+dictator­s+rulers+etc = DIRTY CAPITALIST SCUM PIGS.

BANKERS & DRUGLORDS screwed life & society in human history.

BURN THE BANKS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!

BURN THE BANKS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!

"GOD HANG the LANDGRABBER PIG ROYAL LAZY FAMILY"

SAVE the ANIMALS & NATURE. END THE DEBT!!! END SLAVERY!!!

---- copy & paste WE ARE THE 99% FREEMAN ----

[TrainingStream]

@kopellhinex I know exacally what you are talking about. But everyone dies, everyone.

[kopellhinex]

nwo+freemason+illuminati+scien­tology+secretsociety+religion+­bohemiangrove+occult+governmen­t+etc = LANDLORD GRABBER PIG ROYAL LAZY FAMILY

fight for the last blood for MONEY = LAZY ROYAL PIG FAMILY

[TrainingStream]

@kopellhinex I know but if your going to fight against it you have to use your mind and non violence. Violence solves nothing. I dont really care what they do, they are all going to die just like you and me. Is all you can do is educate to brainwashed Masses. Your yelling and screaming isnt going to help anything. Be safe my friend, always have a stock pile of Rice, Beans, water and canned goods.

[kopellhinex]

THANKS. i just want to inform others.

i have nothing to fear cause im a WORKAHOLIC MAN who LOVE TO WORK.

its time for the SLAVE MASTER to die in starvation not us. :)

[deanmat]

@AIMANALI No, they are just getting rid of their USD's that are losing value. Their currencies are rising in comparison, so for them it's good. But if you live in the US and the USD is collapsing, yes, the price of the goods will go up, but of course, the USD will be going down. If you want to buy anything foreign, it will cost you.

And they won't just be buying US goods. They will be getting rid of their USD any way they can: buying mines in Canada and Australia, etc.

[NYWAORCANZ]

@AIMANALI

It is bad bro

much of it has to do with bernacki printing insane amonts of money

the two wars no doubt costed us a lot of money

we american don't make and produce enough stuff

the American goverment does not needs it's people to make stuff because it print more and more money

Buy Gold ,Buy Silver

buy some guns,learn how to hunt and fish and learn how to make products and have skills for other people to do trade

[Kblues80]

Good interview



[trademarc66]

Did you get your silver round back? Be careful when you hand bullion to a 'silver bug', you may never see it again.... LOL

[Fermion5]

my prediction for next decade...

this video will have 2 million views by 2015.

[LibertyDownUnder]

2 days ago, an import/export trader on Melbourne Talk Radio said some merchants in Hong Kong refused him when he offered to pay in US$

They insisted on the local currency or the Yuan.

[aviomaster]

HE is 100% correct 100% correct.

USA empire will collapse worse than CCCP.

[ohdaysoo]

In Germany after WW2, American cigarettes became the underground currency.

[itubeutude]

he got the company name wrong.

[LordVigeous666999]

so the big crisis is going to happen in 2011, or 2012..... or 2013....or 2014.....

I like you peter, but even I smell bullshit

Just say its going to happen, but you don't know when, at least its honest

[bobby4500]

@LordVigeous666999

wait a minute, explain to us, how will the printing of so many dollars effect on the dollar itself? that 100% inflation and then look at the us deficit......

the reason the dollar is not collapsing right now is because of the chinese and japanese who are afraid of a possible dollar collapse

just give it some time

[LordVigeous666999]

I don't disagree on anything in particular

What I'm saying is, when you say it could happen in 11, 12, 13, or 14. Then you come back in 3 years saying, I told you it would happen in 13, doesn't mean anything

And it makes him look bad in the process

If he knows the year, name the year. If he only knows it WILL happen, and could happen soon, then say, "I don't know WHEN it will happen, but it could happen soon. And it will definitely happen unless when change XYZ"

[LibertyDownUnder]

@LordVigeous666999, its impossible to time these issues in the short term , but it's plain easy to see the problems building up and what the outcome will be.

If you look at his earlier video, he explained the whole mortgage market meldown very accuratley years before it happened.

[LordVigeous666999]

I read his book in 2007, I am well aware that he called it

I have a very simple point, that is completely in agreement with what you said. And that point is this, if Pete says, it could happen in 2012, 2013, 2014, or 2015. Then it happens in 2013, he can't come back and say, "See, I told you it would happen in 2013"

He can say, "this is the trend, assuming no correction, this will be the end result"

[LordVigeous666999]

Which is exactly your point. My point, is when he does it the other way, it looks like he is stating all possibilities, so he can claim he was more accurate than he was latter.

It hurts his case to do it that way. And I think he is right, so I don't want him hurting his case

[RandomUser2009]

silver is more an industrial commodity than it is payment; buy gold instead

[LordVigeous666999]

Any commodity is risky, if you know what you're doing, more power to you

I don't, so I'm staying out of it

Just reminding everyone, know what you're doing if you go into commodity trading

[Emil246]

the counter economic markets have already begun.