Peter Schiff, "Europe is the Warm Up, but America is the Main Event"

Watch Full Show @ http://www.youtube.com/watch?v=FeH9Ltg53-I
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America just had it's state of the union address, delivered by president Barack Obama. And although there might have been a lot of good rhetoric, what was the substance? Government assistance for home owners, or more backdoor bailouts for the banks? Is this just another way to roll over more debt onto an already bloated government balance sheet? It's one of the questions that we pose to Peter Schiff, CEO of Euro Pacific Capital. And speaking of bloated balance sheets, the FOMC concluded its two-day meeting this morning. You know what they say about the buck stopping with the president? It's a sign that Harry Truman had displayed prominently on his desk, but few people remember that it's less important where the buck stops. It's more important where it starts, and Alan Greenspan, former federal reserve chairman, understood this all too well, which is why he reportedly had a sign "the buck starts here" displayed prominently on his desk as a parody. Operation twist continues and so does the financial repression of zero percent interest rates at least until 2014, but how long will the bond market continue to submit to the whims of policy makers, and are the fed's policies just moving us from zombie banks to a zombie economy? Again, we speak to Peter Schiff, CEO of Euro Pacific Capital for some answers.

Category:

News & Politics

Tags:

• Capital Account
• Lauren Lyster
• Demetri Kofinas
• Peter Schiff
• Euro Pacific Capital
• FOMC
• federal reserve
• state of the union
• barack obama
• ben bernanke
• ZIRP
• QE3
• operation twist
• capitalism
• finance
• markets
• economy
• rt
• russia today
• rtamerica
• interest rates
• paul krugman
• recovery
• recession
• inflation
• deflation
• hyperinflation

[giancarlo3000]

@europa Thank you for the list, i will check those. I can recommend this list, I've read about the half of it

I also recommend you see the video "Resource Based Economy vs. Libertarianism" Its 1:30 long so you have to have time to see all of it.

[jymstone3]

What's amazing to me is that Schiff is being given a fair shake on RT. Very good.

[tillallareoneluv]

He needs to learn to ask a succinct question. Anyway, Peter is looking at the obvious big picture. Some of the concepts of economics are so simple and intuitive that people think it must be or is supposed to be more complicated. Also, forget about TIMING this disaster. This economy is like running your car without ever adding or changing the oil or the oil filter. That engine is going to go at some point, but even an ASE certified mechanic would have a hell of time saying exactly when.

[aaronmoravek]

Im investing in tangible assets, not pieces of green paper, not pieces of paper that say you own part of a company, not pieces of paper that say you own silver, not pieces of paper that say I get interest for investing in their bonds, but real assets

[ciaran3707]

I think RT only has this guy on because they like to hear people talking down the American economy.

[bweazel]

@europa Schiff in a nutshell. Short the market, go long gold, and then try to fearmonger people into capitulating.

[bweazel]

@europa So aside from a bunch of people's very one sided opinions, what else do you have? What other opinionated videos can you direct me towards?

[bweazel]

@europa *yawn* You're just a gold bug. I get tired of talking to you narrow minded people about economics.

[bweazel]

@europa Yes, I already said he was right between those years, good for him, so were many others. Schiff was not the only one who saw this coming, it's what happened since the credit bubble that he has been wrong on every last thing.

[bweazel]

@europa Hmmm, a waste of an adults time eh? And you're sitting here cussing and speaking like a child. Good on ya. I couldn't care less about Asia, that's not what I was talking about, you can see the US decoupling from Europe as we speak. Open your eyes. Ummmm, ya I know, I just said that to you. And I've been watching the US dish bailout after bailout to Europe. I've seen the Fed take it upon itself to save the EU, you sure it's you that's not researching?

[europa]

@bweazel

YOU ARE STUPID, reading your points is a waste of an adults time, your right I nor HE have said that Europe WOULD DECOUPLE, ITS ASIA you twat, europe is in as much bad shape as us and so is the pound sterling, research and your ignorance will fade...........maybe