Peter Schiff and the American consumer 5/21/2008

Peter discusses CNBC and Fox Business yes men and their blind faith in the US consumer is misplaced

Category:

News & Politics

Tags:

• kudlow
• peter
• schiff
• gold
• consumer
• crash
• proof
• ron
• paul

[quest2k]

what show is this from and how can i hear the whole thing?

[julebuggy]

"Wall St. Unspun", radio show.

Every Wednesday evening 8-9 EST streaming from his website europacDOTnet

[sting24001]

what a load of crap!

[julebuggy]

What specifically is a load of crap?

[Xasew]

"I mean is that guy for real?"

Best. Line. Ever.

[julebuggy]

My thoughts exactly.

"Maybe the average American will be spending millions of dollars a year" comes in 2nd for me.

[directorNY]

I love this guy. Buy GOLD.

If the gov't tell me it's sunny today and I look out the window and it's raining I'm taking an umbrella.

[herbs814]

howtobuyamerican (dot) com

buyamericanmart (dot) com

buyamerican (dot) com

where there's a will, there's a way.

keep the faith.

Tu Ne Cede Malis

[eyewitness043]

You're right about that except for the GAO stepping in on the tanker deal. The outsourcing of big business & US jobs is having a continual negative dollar for dollar impact on the trade deficit . What impact is that going to have on the already shot-up trade deficit and frozen economy? But I guess we're gonna blame terrorists for that too?

I'm no Obama supporter, but I do smell a 1-900-blame-a-nigger campaign cooking. That may be the go-to play. Let's be real, it does usually work.

[SirExxon]

DRS was bought by the Italians, UDI was bought by the Brits, largest weapons system contract (tanker) was initially awarded to LMT/Airbus. Give it time and we'll be printing money to buy bullets from China.

[monkeymuggs]

Gotta love Honest people like Peter.

The only guy with Economics monetary theory out there.

[TajiTJ]

Spending is overrated. My consumer confidence has been at an all time low for a a few months. Have you seen the food prices lately. I worked in grocery when younger.

[novawolverine]

and when his show started gold was like half of what it is now.

[novawolverine]

The best part is that he has all his shows archived. You can watch shows from back in '06. Sometimes John Catalfio fills in, but he's good too. He gives more data w/ less editorial about the macroeconomics. So it's just a different style. But it's great, and it makes you more confident in Peter seeing how he has predicted things right. Especially impressive is how he saw before just about anyone the scope of the housing mess and how it would effect so many sectors of the economy.

[mrzack888]

America will become Communist, while China will become Capitalist...

[ElCapitan1985]

Peter Schiff is pronking AWESOME!

[eyewitness043]

Trade Deficit = We don' Make shit.

So buy American what?

Unless your talking about DEFENSE CONTRACTING America doesn't export shit but Arms which is subsidised by your tax dollars in the name of national security.

America is dead.