Peter Schiff vs The Federal Reserve - Gold, Economics, and the Dollar

Peter Schiff is President of Euro Pacific Capital and is running for U.S. Senate in Connecticut. This video is from Yahoo Finance. Peter Schiff debates St. Louis Federal Reserve President James Bullard and former Federal Reserve Vice Chairman Alan Blinder in a panel titled "Challenges of the Global Slowdown: Redefining Government Regulation. This debate happened 11/22/09 in New York City thanks to Princeton University's Business Today. Short scenes of the debate follwed by a great interview with Peter Schiff.
Peter Schiff:
"Capitalism is not the problem: "Just like during the 1930's, capitalism got a bad rap for all the damage that government did. Every time government policy interferes with capitalism and then creates a problem it's always capitalism that comes under fire not the government interference that led to the problem," he says. Schiff predicts this behavior will lead to the next calamity, a currency crisis which he claims will be even bigger than the one "we think we've solved"

"Gold is not a bubble. "It's a great buy, I think it's going higher." Earlier this month, India's central bank bought 200 metric tons of gold for more than $1000 an ounce; Schiff believes other central bankers will follow suit which should help drive prices higher for years to come."

http://www.finance.yahoo.com
http://www.retakecongress.com
http://www.libertyunleashed.com
http://schiffforsenate.com/

Category:

News & Politics

Tags:

• euro
• pacific
• capital

[drrobotnik999]

how can i get the whole debate?

[roseagain2]

Can we get a hold of the whole debate?!??

[beancube2010]

When you can't audit them, you believe in yourselves only. You can't blame them lying. Without regulation and real regulators, neither can gold make any trade secure.

[beancube2010]

When you want to sell, those agents would tell you too many people are selling and you must sell yours a lot below market price but actually they are the only buyers. Bubbles are bubbles, psychology is psychology, that is why you're so busy being consumed by monopoly industrialized trading. They make a simple hack and all of you go bottom up easily.

[beancube2010]

How fast you can buy and sell gold?

When you sell, can you shoot them out with guns while your buyer are shooting those paper notes back to you with rockets? How are the trades protected in those unaudited vault agents? Ha ha ha .. People are seriously childish. Those agents would dressed up more for your gold buying obsession.

[OutlawTomFantastic]

I think you're a little misguided here. They aren't lying , they truly believe what they are saying. Are they wrong? Yes. But calling them liars and creepy is neither here nor there.

[Anett7373]

These guys debating Peter are bogus and they know they are lying. Creepy. They are trying to hold it together with bold lies- Audacity- does anyone think the depression is ending? Are we to swallow the claim that in our lifetime the US dollar will remain the reserve curency? The world is dumping dollars as we speak 12/09!