Peter Schiff on CNN Auto Bailout Intense Debate! 12-4-08 part 1/2
Loading...
Link to this comment:
Top Comments
All Comments (20)
-
Don't count your chickens before they have hatched.
-
The anchor seems to be relevant on most things, although she talks a bit much. Still, at least she let Peter talks.
-
I recently heard a theory that the rise in the dollar has to do with the US gov buying up US bonds (by printing money) and this is creating a demand for the bond and in turn a stronger dollar.
-
How about these auto CEO's pay for their own failures.
-
Are you talking about Mike Shedlock by any chance? I like Mish a lot, but to say he predicted this is a bit misleading. Most people who saw this deflationary period happening, didn't really predict as much as acknowledge it when it was already happening when the credit market started to collapse. We're still a long way from this ending and the end game is most important. Lots of people who didn't invest w/ Schiff also lost money. He didn't see deflation but who knows what this all leads to.
-
To answer sam9657's question about where to invest past year? Cash. Nothing in any equity market. With deflation the purchasing power of cash has gone up. Now we may have inflation in the future but we will be having deflation for a while. "Printing money" doesn't explain the entire money supply system. Schiff is a good person, he wants what is best for the US but he didn't get the big picture and his clients lost 1/2 their wealth. Maybe it will regain its value but not counting on it.
-
I had some of you email me on my comments. My account is down by 1/2 since about March (when I started). Schiff is right about US economy,fiat currency,bailouts,ect I agree. But too brag about correct predictions when you were wrong on 1/2 of them is ridiculous. Other Austrian economists predicted massive deflation worldwide. Schiff from 2007 said on his website " I see no possible scenario where consumer goods prices fall in term of paper dollars" (google Schiff,2007, deflation).
-
Schiff just laughs at him, that was great
3 years ago 3
- 9:55Peter Schiff 12-3-08 Part 4 of 5by Heavyload19572,404 views
- 6:23Peter Schiff on CNN 4/12/08 1/2by innefitterosa730 views
- 4:41Ron Paul and the Fight For Liberty - Is America...by nashua28232,347 views
- 7:56Ron Paul Hits it out of the Park on CNN America...by Conza88483,733 views
- 18:59Peter Schiff interviews J. Christian Adams abou...by 604johny256 views
- 16:11Peter Schiff Debate [Part 1/5]by peterschiff25,831 views
- 8:12Peter Schiff Dec 4 CNN Headline News - Part 2by liberalbias1004,837 views
- 0:57Peter Schiff was right, reloadedby ironmanjakarta3,470 views
- 8:27Federal Reserve and Inflationby erikvdln15,400 views
- 4:57The Judge: What If...?by robpatozz1,306 views
- 4:34Peter Schiff Dec 4 CNN Headline News - Part 1by liberalbias1004,354 views
- 4:28Peter Schiff CNN International - World News Europeby liberalbias10064,857 views
- 8:39Heinrich Schiff performs Bach's Cello Suite No....by Pogouldiwitz30,782 views
- 1:01JagerBombby robpatozz181 views
- 12:21Ron Paul GOP CNN Nevada Debate Responsesby robpatozz623 views
- 5:5410/4/2008 Part 1 Ron Paul Advisor Peter Schiff ...by PhilDeCarolis38,395 views
- 4:12Ron Paul: Damn It. Don't Ask Bout My Racist Wri...by robpatozz729 views
- 9:36Peter Schiff vs. Cornell West on CNN's Anderson...by ReasonTV61,741 views
- 1:05Consistent.by robpatozz209 views
- 20:15Obama's America: Progress Is Poisonby SchiffReport26,774 views
This jackass mayor knows if they don't get a bailout, he's gonna be out of work in his town. Peter crushed him as usual!
cycoaxe 3 years ago 4
The mayor is a typical cheerleader. Peter destroyed this clown! The mayor just does what all politicians do, shift blame on phantom entities.
justgetsome 3 years ago 4