Ellen Brown destroys Peter Schiff !!!(?) 1 of 2

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Uploaded by on Jan 16, 2011

Discussion on monetary problems between Ellen Brown of "Web of Debt" fame, a noted Greenbacker and Peter Schiff, an outspoken advocate of metal backed money and a follower of Austrian School of economic thought (from Peter's radio programme "Peter Schiff Show").

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  • Schiff: Do you know where credit comes from?

    Brown: Leverage of deposits and...

    Schiff: Where do deposits come from?

    Brown: Well, it's all bank created...

    Schiff: Where is it supposed to come from?

    Brown: The full faith and credit of the United States; the money of the people...

    Schiff: Alright, let me tell you where it comes from because you're a little confused. It comes from savings.The reason that somebody can borrow money is that somebody else has saved it.

    No one destroys Peter Schiff.

  • Ellen Brown is a blithering idiot.

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  • Um.....so how did Ellen Brown destroy Peter...? I'm still looking for that part.

  • @socratic1968 Schiff loves the Federal Reserve? HAHAHAHAHA! We did you get that nonsense. He wants t abolish it and replace it with nothing. Brown wants to transfer the counterfeiting monopoly to Congress.

  • @firstgenchevelleman That's why we transition back into it. Not just shut the Fed down in one day and say gold and silver is legal tender. You can allow competing currencies that will crush the federal reserve note.

  • @jneil2007 The IMF has 2/3 of the gold in the world.

  • @RonDukeSilverSwanson holy shit! that is hilarious:))

  • The federal government printing as much money as it wants would create the same problems and empower the central government. A gold and silver standard or any market determined money is a barrier to government growth and power. That's why Schiff supports it. The founders were brilliant men. Most of them at least.

  • Schiff... is to stupid to even let the woman talk... wow... She says something intelligent and he knocks it down by saying something stupid... LOL!

  • Ellen Brown is a complete joke. Anyone that listens to and subscribes to her nonsense should have their head examined.

  • Schiff loves the federal reserve because he sees it as controlled by white european males who just happen to also be jewish and from the east coast. Schiff associates himself with this group so he is combative and doesn't let Ellen Brown make her point.

    Where does credit come from!? seriously? Why doesn't he come out and say it comes from thin air, since banks borrow money for free and then lend out ten times the amount!!

    Don't tell me credit comes from "savings". Schiff is a joke.

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