Wall St Unspun - December/09/09

Wall Street Unspun: Peter Schiff's Mid-week market outlook Live Every Wednesday 8:00PM Eastern, 5:00 PM Pacific or on shortwave 5.070 Megahertz.

Category:

News & Politics

Tags:

• Peter
• Schiff
• wall
• street
• unspun
• economy
• economic
• collapse
• crash
• gold
• silver
• oil
• bubble
• dr
• doom
• depression
• recession
• rogers

[TouchingPerformances]

Amazing channel, keep making these videos!

[rikestard]

oo yea he is man, i love schiff. I was responding to some guy that said schiff was controlled by big banks or some shit lol

[JonasFrimodt]

semi zombie lol... he is a buisness man i frankly dont think he cares weather there is a NWO or not, he made me alot of money with his advise and he is definatly on the peoples side that should be enough

[rikestard]

yea dude one problem with Schiff is he isnt a history buff and he definetly doesnt belive in a secret sinister government/black budget/MIC etc etc. in that video the first thing he says is he doesnt believe the FED was created with fraud/debt/scam/bs in mind. that tells you alot about schiff right there. He is a good guy but is still a semi-zombie. relax and try not to think so hard. a financial genius that knows history, money, corruption secret societies etc etc then listen to Max Keiser

[continuityofliberty]

slickbtk: I'm not defending it but I am addressing the fault where it lies.

Initially the fractional reserve concept was a prosperous one for lenders and borrowers. When limits were removed and accounting became "creative," and when it became multi-layered and used for all sorts of schemes (like ETF's which are jacking my silver), the system implodes.

I would prefer silver/gold money because it puts the power into the hands of those who use/save it, but banking and money aren't the same thing.

[fox20012]

no dude read my comment again, i think conspiracies are important, that is why this host of wall st unspun annoyed me when he dismissed conspiracies

[WGS669]

America will start making things when America can no longer buy things. Until then, little will change for the better.

[slickbtk]

fractional reserve is the definition of fraud.fiat currency is a claim for goods and services.if banks and the government print up new claims for goods that dont exist they are performing fraud, plain and simple.just like madoff printing numbers on a statement. then the fraud gets even deeper because as you said dimaniak banks proceed to continue to profit from the fraud, both the fraud that they did and the fraud that other banks have done. its amazing that people actually defend this fraud lol

[continuityofliberty]

I don't want to argue about it.

I just wanted to suggest that it's not necessarily the system that is at fault, just how it's used and that improprieties go unpunished, or are rewarded and sanctioned by Governmentally approved monopolistic cartels (at our expense.)

The real culprit is the FED and the lack of a stable currency (IMO)

[dimaniak]

watch?v=Cux97u9Ca5M from 2:03 he says that he supports it