Peter Schiff 1/6/09 - CNBC Reports

In this video Don Luskin (Trend Macro CIO), Dennis Kneale (CNBC Media & Technology Editor), and Peter Schiff discuss Obama's stimulus plan. Luskin and Kneale say that debt isn't a problem. Luskin says that stocks are cheap at these prices. Peter says that you can't cut taxes without cutting spending or Americans will pay through inflation. He also says that the entire U.S. Treasury is a ponzi scheme.




Analogies used: jumping off empire state building.

Category:

News & Politics

Tags:

• Peter
• Schiff
• Videos
• don
• luskin
• dennis
• kneale
• tax
• cuts
• dollar
• yen
• euro
• stimulus
• plan

[achalmers]

At least Schiff bought his suit with an ounce of gold instead of taxpayer money.

[flexsarvar]

I lived in a country with no free trade, set prices by goverment and no unemployment. Believe me that it was not nice. You americans should shut the fuck up and start to pay the national dept back. Then evrybody will be happy.

[edwardwills]

4:30 damn idiot! Watch what will happen at the end of June 2011

[milkmandan77]

i can't believe only 3000 people have seen this video. these topics should be 6o'clock news..why are we so stupid?

how many idiots tuned in to obama's inauguration? how many chinless wonders watched michael jackson's funeral?

they should have all watched this instead.

[kobe88124]

lol...you don't have to do it, if you climb up to the top of the empire state building you dont' have to jump off, you can do the right thing. LOL HAHAHahahaha

[MiserableDeath]

Well it looks like Luskin had to borrow a sport coat from the CNBC studio green room. I wonder what his shirt says, probably says "I'm with stupid" with an arrow pointed at Kudlow.

[MiserableDeath]

Lol typical Kudlow gang-up 3 vs 1. He knows those two clowns Luskin and Dennis are always behind him and that's how he goes after Schiff. Kudlow should've been given a pink slip last summer. Him and all his kiss ass guests.

[peterkolar]

lol, mofo

[etsneroj]

I agree with what you're saying about the essential sources of wealth, although we do have other major sources of income (e.g., tourism and a host of exported services). But what is your definition of globalization? It sounds narrowly focused on jobs and goods. My comment was in reference to globalization as a growing global interdependence. A trend that I think is irreversible regardless of who has the jobs, goods, strongest currency, etc. at any point in time.

[xdir]

The wealth of a country comes from its manufacturing + exports, globalization is short term prosperity, you ship out jobs and buy in goods.

This leads to mass unemployment a weakend currency and higher prices. Normally weak currency is good for exporters but with manufacturing gone theres nothing to export except entertainment & military hardware.

[sgeo2008]

Look at them sitting their arguing in their designer suits and how much did they spend on that 10 mins of air time? The rich get richer and the poor get poorer. Now they worry when the poor can no longer trust them with what little they have left. It's time to pay the piper!