Peter Schiff 6/8/09 - CNBC

Heated exchange! Peter says there is no way that America can pay the debt back. "I don't care what these credit rating agencies say, we're issuing junk bonds." Peter then goes head to head with Michael Mussa (Peterson Institute for International Economics) about the state of the economy. Mussa says that the current recession is barely worse than the recession of the 1980s. Peter disagrees and says that the current recession has just begun.

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[malibuhur12]

inlation . us is a scam and not affiliated with Peter Schiff

[kryogenikz]

Another victory for Peter Schiff!!!!

[Thrice13]

Holy shit, that Mike guy breathes really loud!

[slimjim6666666666]

Peter Shit has being talking doom and gloom for the last 3 years..he must be crushed that the dollar has'nt tanked yet must kill him..recessions in part are caused by a lack of confidence and doomsayers like peter dont help..recessions come and go..its not the end of the world

[601373]

I wasn't talking about you screaming wrong, I was talking about the difficulty Peter Schiff has had to endure since he came onto the scene. I was asking if it was worth mentioning your little tidbit of information which you disagree with Peter Schiff.

Gold prices, regardless of whether or not they are being manipulated are still subject to an increase in value when there is a continual inflation of the currency from which it is based off of.

[MidlandNinja]

This recession is the worst since the early 1980s

[vinny1010]

You don't need to run an investment firm to understand manipulation. How am I consistently screaming 'wrong'? And how is it that I do not understand capitalism, why because I believe precious metals prices are manipulated by JP Morgan and Goldman Sachs? Why b/c I believe it is impossible to have same gold prices as 1980s? lol. Use your common sense.

Your conclusion lacks analysis - work on it.

[601373]

Why is it worth mentioning such a nit picky detail about why you disagree w/ Peter Schiff? Do you have a comparable understanding of Austrian Economics, do you run your own investing firm, have you made it a point to consistently scream "Wrong" in the face of every laughing idiot who thinks the economy is OK?

If you have done all of these then fine, your opinion is totally worth mentioning. But if you have not then keep your critiques of somebody who understands capitalism to yourself.

[Jasman2444]

Peter is running for Senate; at least he's trying to do something about these problems.

[drewd1987]

I was JOKING.

[jdepps13]

Plenty of Jews disagree with his assessments.... what are they all right just because they're Jews? For Jews, the laws of logic are repealed?

Gimme a break. His religion/ethnicity is irrelevant. It's his prescience that matters, and that's hardly a uniquely or uniformly Jewish phenomenon.