Mike Norman says Peter Schiff was Wrong

Mike did acknowledge that Mr. Schiff predictably predicted the housing bubble but was wrong on so many other areas which I include in the video.

Not in the video, Mike said the likes of Peter Schiff and Ron Paul are those of negativity and I disagree completely. I find the likes of everyone on the mainstream media (MSM) saying that the stimulus package is working and that a jobless recovery will happen to very negative. Lying is negativity in my opinion and that seems to be exactly what many are doing. I am very optimistic on the long term economy, but we need to feel the pain before we can see the light at the end of the tunnel. Printing phantom money out of thin air and hoping that solves the problem is like hoping you can snap your fingers and be in a different time zone and destination. It is just not possible to happen. That is why I am optimistic that the dollar will collapse and that we can find out more as humans for who we are and then rebuild this world abroad after we eliminate these false lies from our heads.

I do look forward to the future to see the mainstream media apologize for their actions and to start giving us truth. I wish this happens and am in no way predicting this to happen. This is a want of mine.

peace everyone

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[OSCARINACOSTA72]

I get two feelings after listening to this guy, first he is profiting by posing as a Peter Schiff antagonist, a very low cheap trick, second by supporting his arguments by "quoting" the web bot project hoax the only thing he did is completely destroy any credibility that his case could have had. I would add, if you want notoriety, study and develop theories based on true data that "you" analyse, do not destroy without proposing a viable alternative it makes your case look nimble.

[endlessmountain]

@OSCARINACOSTA72 Aprx profits from this video is $20-$40 so you are right there although it is impossible for me to find out how much this particular video made. Why would I not be an antagonist on Peter for his views are insane based on how he supports human slavery for my views on this channel is about freedoms and truth.

Your view on webbot being a hoax is your view and thats it.

[miamistorm]

Derek, Why would you want to get out of Canadian Dollars? I can understand getting out of US Dollars but not Canadian Dollars which are backed by lots of natural resources and commodities.

[endlessmountain]

its backed by debt also

ohcanadathemovie(dot)com

[KeanOOO]

....(2/2).... he can get attention and he clearly wallows in it. By the way, I don't think you can call Mike MSM anymore as he doesn't appear to be on the telly any longer.

[endlessmountain]

if it was personal then Mike would not have posted the videos and one of my objectives on this channel is to educate people what the mind set of what the powers of the media are saying and their motives.

I also do not watch the TELE enough to know too much, because I only get a bit of CNBC and what I see on YT for MSM

[nonantianarchist]

Mike Norman's just mad 'cause Peter's pwned him repeatedly.

[MrTabby5000]

peter schiff is a prophet,he should be revered as a prophet,even nostradamus wasnt that accurate.

[maozebong100]

Mises Inst. internet marketing campaign really brainwashed the sheeple, huh

[AroundSun]

What artificial lending STAND ARD are you talking about?

[rodneyorondeaujr]

If you keep saying something long enough. eventually it might come true. Is peter predicting the bubble now forming in gold. I hate to tell you this but mike norman is right. None of you have the slightest clue on how our monetary system works. The fed/treasury doesn't print money. They issue reserves. The only way printed dollars enter the system is when you go to your bank and draw on your account. That is the only time. Go to mike norman economics and read money basics. Lots of RELIABLE info!

[HiawathaMohawk]

End the Fed and as Mr. Stang signed off with each broadcast, transmission, God Bless his soul, "Arm yourselves!".

[flanksteak2]

@josephmclellan It sure does but when the United States ensures nearly all dealings take place in dollars (which it does) then the value of currency and prices of the goods it used to purchase fluctuate together.

Ya dig?

Academically schiff is right but in the real world schiff is wrong.

[josephmclellan]

@flanksteak2 Keep in mind that federal reserve notes has a variable value. Value is inversely proportional to the dollars printed.

[josephmclellan]

@TrunkMonkey3000 The other option is to let inefficient companies fail and allow the free market to correct.

[flanksteak2]

@josephmclellan Why a Weimar when the United States controls the world?

[Unkn0wnGuy]

Sure glad I have taken Peter Schiff's advice for the past 5 years... my investments are up a lot. Who is this Mike Norman goof?

[TrunkMonkey3000]

@josephmclellan unfortunately the way the system is setup, it refuses to allow withdrawal of liquidity from the markets. So , only viable option is to bailout huge banks with printed money.