Ed Harrison Debunks Peter Schiff's Ignorant Hyperinflation & Skyrocketing Interest Rate Scenarios

Ed Harrison has it 101% spot on here about how our fiat currency and monetary system works - and exposes why Peter Schiff and his silly hyperinflation, nobody will buy US treasuries, and skyrocketing interest rate theories are totally wrong and a waste of oxygen. Moreover, he disposes of Max Keiser in the same conversation.

Ed has his flaws but at the very least he understands how our monetary system works, unlike Dr. Dumm Peter Schiff - who is totally clueless about the system - yet keeps on parroting his insane misinformation to his equally clueless cult followers.

If you viewed the Ann Coulter and Glenn Beck clips about Fukushima - more likely than not you are thinking they are insane. Well, for anyone knowledgeable about the US monetary system, they would get exactly the same feeling after listening to Peter Schiff's idiotic hyperinflation, US treasuries and interest rate scenarios.

For all the ignorant cultists who after listening to Ed Harrison's comments (which are basically just statements of fact), still don't get it and feel compelled to post to defend your idiotic cult leader - sorry, NO - you won't get any airtime - go get your ignorance and idiocy cured and then come back please.

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[jc44848]

No one has a crystal ball to give us all the answers but im sure you will agree this system has run its course,and so what if schiff is wrong !.............get over it!

[SchittReport]

@jc44848

peter schiff still insists he is right, when he has been wrong about most everything including this - and has been infecting some members of the public with his ignorance and stupidity - consider this channel a public service for debunking such nonsense

[NGinuity]

Schiff is in such a tiff that it looks like he's constipated.

[Blazen1212]

@SchittReport

Thanks you and keep posting. All your videos are very good. Its nice to see both sides of the board for once.

[AirelonTrading]

Bill Gross has been talking his book, that's all Bill Gross is doing ...

[AirelonTrading]

Max Keiser is such a baffoon

[AirelonTrading]

Ed Harrison writes some outstanding stuff ...

[SchittReport]

@commonsensinwohio

Among all foreign investors, net purchases of US Treasury notes and bonds totaled US$46.5 billion, compared with net buying of US$54.6 billion in December. Private foreign investors bought a net US$30.1 billion Treasury notes and bonds, after buying net holdings of US$43 billion the previous month.

[SchittReport]

@commonsensinwohio

those are just minor events. they will contribute to the long term decline of the dollar, but it will be a multi-year process not have any substantive impact any time soon. not to mention the threat of extreme scenarios such as hyperinflation, which are totally idiotic. his example re. japan holds.

by that time, the US will already have moved on to a new monetary system.

[SchittReport]

@commonsensinwohio

The closely watched figure of net long-term securities transactions showed total buying of US$51.5 billion in long term US securities in January, following purchases of US$62.5 billion the month before.

More broadly, net purchases of long-term US securities, including transactions not occurring on the open market, totaled US$32.1 billion following net buying of US$38.4 billion the month before.