Dollar rally, sovereign debt, black Friday, Schiff Radio.com

Schiff Report Video Blog Nov. 26th 2010 Listen to "The Peter Schiff Show" for free live at 6PM Eastern or for 24 hours on demand at www.SchiffRadio.com.

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[hume12345]

i hope peter is making some coin out of the radio show, so he can run again in 2012

[SchiffReport]

@hume12345 Not yet, at this point it's costing me coin. However, let's hope it proves to be a worthwhile investment of my time an money, both for me and the country.

[LibertiesDefender]

Hope to see you on the Ron Paul 2012 ticket. America needs you both.

[Luvanicebum]

@xMaXiMuSx

so true,

People that can't explain rising costs in education and health care would

do well to draw a comparison in free market services and products such as

plastic surgery and cell phones. Both have done nothing but decreased in cost

while improving in quality, efficiency and safety.

It seems anything the government subsidizes, drives that industry into mismanagement and debt.

[xMaXiMuSx]

@Luvanicebum

a lot of things like education and housing is expensive is because the goverment is inlovled.. If the goverment went bankrupt they can no longer subsidies those two for example and therefore the schools for example would have no choice but to lower the tition by very much money.

[Luvanicebum]

@xMaXiMuSx

True.

Anything reliant upon borrowing like cars, houses and durable goods could see a dramatic

decline in cost in the short term. Things that have global demand like food and energy will skyrocket and each product directly or indirectly related will rise dramatically.

Over the long term as the forces of population and demand takes hold in 10-20 years, ALL things will accelerate in price and that's when the inflationary depression will be in full swing.

[xMaXiMuSx]

@Luvanicebum

prices of many things would go way up but a lot of other prices would come way down..

[dsglop]

Example 3: Your take on deflation is uninformed at best. People aren't buying cheap goods on BF because of sustained deflation, they do so because of short term deals. But the real risk from deflation is on the investment side. Why would a company invest billions on expanding their business when they feel they will get a better deal in a few years, and when they believe they will get fewer dollars from their investment? You need to swallow your pride and tell your cult that you've been wrong

[dsglop]

Example 2: Your claim that China making the small things like toys that we buy makes them stronger economically is silly. First, the US is still the biggest manufacturer in the world. Second, US services are very highly valued throughout the world. They want US business, engineering and banking services, just to name a few. And did you know that most stores are owned by franchisees? Local people own the McDonalds and clothing stores you shop at. They make a very good living at it.

[dsglop]

Peter, how can you say such silly things and expect to be taken seriously? Do you even look at the data or do you just say what fits your distorted world view? Example 1: People aren't going into debt, they've been paying down debt for over two years while saving more. Maybe they can spend more on Christmas this year because they really can afford it. All the data disagrees with you on this one.

[eliasmouawad]

Search For the series

"BUSH OBAMA DESTROYED US ARMY"

Part 4 uploaded

[Polypropylganda]

Why charge for the radio program? You'd do better w/ a gold sponsor. Then again, that stuff sells itself these days...