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Peter Schiff For Senate 2010

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Uploaded by on Nov 17, 2009

This is a set of video and audio clips of Peter Schiff explaining the basic problem of the US Economy, showing how other economists and politians are contributing to the economic crisis. To support Peter's run for senate please visit: http://schiffforsenate.com/. Please comment, favorite, and share if you like this video.

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Uploader Comments (FreedomTrail1)

  • I 100% argree that energy is a better investment than gold but both should be part of a balanced portfolio. Aside from hedging against inflation, gold is a safer way of staying liquid than dollars. There are plenty of foriegn central banks willing to swap their $'s for gold even at current prices (e.g. India), a strong indication that confidence in US currency is weak -- still a big upside. You want just enough of the precious metals to avoid having to tap into the rest of your portfolio.

  • Hi userofnames. Thank you for your opinion, but the point of holding gold is to hedge against inflation and stay liquid for other potential investments. Obviously you don't hold gold forever. Additionally, even some of the biggest critics of the gold bugs argue that priced for inflation gold should be north of $2000/oz. Even if inflation doesn't play out the way that Peter and others predict, the mainstream is of the opinion that we are not yet at the top, that is, it is hardly overpriced.

Top Comments

  • I am an American and I just want you to know that not ALL Americans think like these pigs! I am a strong supporter of Peter Schiff and I want to get these cronies out of our government.

  • i'm not american but it doesn't matter,i just want to write a few words to american people.I really respect Peter Schiff's economic knowledge.Listen to this,"we are rich and peasents like to work for us and they are so happy to get our paper money".What a nonsense.Those guys believe in dreamland ,where money grows in trees,nobody needs to work and they have everything...absurd.THINK.Are you listening to idiots or a wise one?

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All Comments (39)

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  • PETER SCHIFF 2010!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Chris Dodd is a fucking moron...

  • @userofnames Gold has a value in that it can be conceived to be a medium of exchange. Unlike paper dollars, gold cannot be manipulated by the will of a few people. It must be found and refined, therefore it is less likely to create inflation. On the other hand, paper dollars are susceptible to manipulation but it can also provide flexibility in the economy for capital investments when funds are short.

  • I don't believe anymore to these guys... they sound all fantastic on the race to Washington and then get lulled in by power and all that outrageous senator treatment... bottom line no politician cares about regular families any longer

  • why is this douchebad from trend macro still working there? "we're so rich we can afford it!"

    numbnuts

  • wow good point 2:30

  • What do you mean is he for real? He is one the few people who accurately predicted the subprime mortgage crisis. He is a brilliant economist and for you to say otherwise makes you look naive.

  • Hahaha, not a chance! Death to USA!

  • nice video-5 stars. i sure hope Peter wins. if you support him-be sure to donate!!!

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