Peter Schiff on fast Money 22 Dec 2009

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[booboobeezy]

This has to be the funniest Fast Money with Peter I've ever seen. Everyone has this annoyed look on their face as if Schiff is still drinking his drugged purple kool-aid.

All these so-called financial pundits think only about the short-term and what is happening now. Did these people study Finance in school? What are their credentials? I'm sick of them badgering Schiff as if he has no credibility.

[masterjackblack]

so funny, why do they keep having him on. He keeps schooling them. Even peter at the end was like wtf are you serious

[PoorMansPlato]

Peter is correct, why are these idiots looking at him like the RCA Dog?

Almost as though Liberalism is the rationalizing tool to fix anything it broke....too funny!

[kosai19]

@bensontam

He's being laughed at because he's correct. Notice how they hardly ever talk about how often he's been right. It's just a game these people play, they disguise a propaganda program for news. Every other major network does it.

[bensontam]

Peter Schiff has been laughed at many times for the past 5-6 years, but every time it has been proven that he was correct.

[longtrader782]

#3 While I agree with peter on his thesis that inflation is definitely coming and that global growth stock are the best way to play that. I dont think it will be as bad as he thinks it will be. I think Gold has an outside possibility of going to $3000, Remember, US debt is considered the safest investment to the world, and the world has to put their money somewhere, and in times of panic the US dollar and US treasuries is where the money flows, just look what happened at the end of 08.

[longtrader782]

#2 Peter said that hyperinflation wont happen in 2010, then 2 weeks later, (See his videos on youtube) i think it was Janurary 4th, he said the dollar will drop 75% in 2010, What changed in 2 weeks?

[longtrader782]

I think Peter Schiff is off base. #1 China's currency is pegged to the dollar. The reason why is because the US is one of the biggest buyer of their goods. If they let their currency appreciate, it will be very expensive for china to export to the US. So I dont think they will let their currency appreciate, that will give support to the dollar.

[666sigma]

@mba2000du

Great quote from a great American. Can you reference it for me?

There is no doubt that THE FOUNDERS of this great country would be appalled by what has happened. It is a shame that we violate their constitution almost without thinking.

We are so fortunate that these great men came together at the right time under the right circumtances to create this great nation. It is unfortunate that they could not see that the career politicians would ultimately wreck it.

[zappos49]

I think when these guys loose money on the day from their trades they like to take it out on Peter.

[mistermayy]

i HATE that smug greaseball in the top-left. haha look at him half-shaking/half-nodding his head like a fuckin basketcase around 3:33...i'd sure like to see his qualifications if they exist. jesus christ, these dumb kids are so full of their shitbrained selves it's comical.

[slvrserfr]

I guess nobody in the government seems to take any of this information Peter's offering seriously, especially after announcing that they're offering unlimited financing to Fannie and Freddie - causing the value of the dollar to devalue from overcirculation and Treasuries to become less attractive over time. I can't stand to watch CNBC anymore since most of their staff looks with a blind eye and listens with deaf ears to promote a misconception of the economy rather than the inevitable reality.