Peter Schiff Challenges "Phony" Growth Based on Spending on After the Bell

On Fox Business Network's After the Bell, Peter Schiff challenges recent economic growth saying it's based on how "spending money we don't have" instead on actual savings and investment. Schiff also discusses his time talking with the Occupiers on Wall Street. Air Date: October 28, 2011.

5.30 minutes.

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Category:

News & Politics

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• saving
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• Wall Street

[shamgar001]

Reason has been featuring a lot of Schiff lately. This makes me happy.

[666sigma]

@blogegog



She's got a great rack, though.

[norskemann1]

@Tonymontanaooo me too, florida for ron paul man!! hopefully yours and mine vote will make shit count

[inthego]

@TWSceptic

sensory overload for sure

[Ihasmoarface]

@TWSceptic okay! 

[TWSceptic]

There's so much crap on the screen, do people actually look at all that??

[TracyII77]

@Loathomar The economy is more than just trade between countries. Also, you are blatantly ignoring currency exchange and the rise in prices of the goods leaving our shores. But the real nail in the coffin of your argument is the fact that trade by definition CANNOT be in deficit. The only thing that is in deficit is our credit (debt) balances. Due to the lowered status of the dollar, we have been unable to increase our debt to other countries at the same rate as '07.

[seen]

MSM scares me.



[Tonymontanaooo]

Long time listener of Peter Schiff and Austrian School. Just filled out my new voter registration in Florida so I can vote for RON PAUL in the primary. :) 2012

[TheNewMusicNetwork]

i bet she likes butt secks

[ThePjcull]

god she's hot but both are stupid

[woodenmajor]

lol ..every time there is a slight upward blip these TV ppl want peter to become bullish on the economy .

[chadberry75]

@kakashi5217 yep..were still living in DISNEYLAND..

[666sigma]

@666sigma

Obviously, you realize that you will lose any public debate. Posting derogatory messages on "my channel" is a bit childish. You will notice that I don't delete these comments. Name calling and insults usually means that you cannot defend your opinions or positions. Good luck in life. Personally, you should go with skill, but luck is probably your best option.

[larrybud]

Man, I wish Ron Paul spoke as clearly as Schiff.

[TheBlitz1]

I switched over to euro-pac in 2009 and now I actually get dividend checks

and none of it is from US companies

feels good man

[razornet1]

@MayonR when I say listen, I mean anyone that actually invests on his advise. He is just saying what he has invested in and hoping that a lot of people will speculate on his investments and drive the price up before he sells it. He will never tell you what he will sell from his investments in one week. it is ok, to listen but I hate it when they say what people should invest in.

[mendelbot]

@Ihasmoarface Heh, well buddy, you're entitled to your own opinion of his personality. I actually think the same of a lot of high powered folks who do a lot more good than I do, so fair's fair. :-) Take care of yourself. Peace.

[toymation]

I like how people still doubt Peter Schiff after he predicted the recession we're in.

[Ihasmoarface]

@mendelbot im not ignorant of whats happening in the economy, i just think he's a massive douche. thats all.

[mendelbot]

@Ihasmoarface How dare he suggest that illusory profits are not real wealth! I demand the government inflate the markets with massive injections of captial to their cronies. We need the debt-based economy to continue to grow (in debt). Guys like Schiff are making trouble by raining on our parade. I don't care what he says, the price of Tulips is NEVER going to fall. NEVER!

[666sigma]

@phildirt3

"got to a place" This looks like another sign of your lack of education.

"fuck yourself you cocksucker" When all else fails resort to insults and name calling. That's the ticket. Let's ignore facts, logic, common sense and reason. Insults and name calling are the way to go. Now, is it really shocking that you have not been very successful?

[phildirt3]

@666sigma got to a place and fuck yourself you cocksucker

[666sigma]

@phildirt3

That money came from hard work at some time. Your failure to get an education and marketable skills is your fault. Stop using the computers, internet and google. Those evil bastards at HP, Apple, Microsoft and Google are making most of their money from money.

Go occupy a classroom and get an education.