Peter Schiff CNBC 2-3-2009 | Part 2 of 2
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Schiff makes a lot more sense, prices rising or dropping is NOT inflation, inflation is purely with the supply of money, none other than the result of printing or creating money out of nothing and backed by nothing ....
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wtf is wrong with the host? He used to side with Peter and now he's trying to shut him up. Get rid of these people because they are giving terrible advice!
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My mistake/bad, it was Senator Chuck Schumer I was talking about. I despise the guy so deep and wide that I didn't realize who I typed. yes of course Peter Schiff has been right pretty much without exception. If there is hell, there will a special place there for Schumer and all those with him.
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First, he's not a senator, second, he's been right about most of what has happened in the last few years. Evil? Because he actually understands the data and the disinformation? Pretty childish analysis.
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Inflation is defined as an increase in the money supply...These morons keep claiming that inflation is an "increase in prices." Sure...Prices often increase as a RESULT of inflation. To make the claim, however, that inflation IS a rise in prices is either intentionally dishonest, or the result of a misunderstanding of BASIC economics...These guys are supposed to be experts. The idea that they're intentionally obfuscating frightens me worse than Peter's predictions.
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This man, this Senator Schiff is one of the real bad guys...right up in the top 20. Anyone who watches his career and panels he has been on will quickly know the evil man he is.
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man these guys are about as dumb as they come....some how they think we can continuously increase the money supply and no inflation will occur...haha
if printing money out of thin air works then no one would ever have to work and Germany would have been a success
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We are SOOOO screwed.....
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i love youtube i can skip through all the idiots and listen to peter.
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I got into silver when hit the $9 range. November. The financial press was crying over "deflation." I saw right through that one.
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At what point do we the people realize it's time for a revolt??
matrixm777 3 years ago 3
Please read Ron Paul, Michael Badnarik and Peter Schiff!
chucksheen 3 years ago 3