Peter Schiff - It's Not the Federal Reserve's Fault

For the latest Peter Schiff, go to http://PeterSchiffBlog.com -

There are still a lot of bears out there, including Peter Schiff, who recently appeared on CNBC.

Category:

News & Politics

Tags:

• Peter Schiff
• Treasuries
• Government Bankrupt
• Financial Collapse
• Economic Collapse
• Financial Crisis
• Economic Crisis
• Gold
• Silver
• Dollar
• Federal Reserve
• ron paul
• john stossel
• judge napolitano
• inflation
• hyperinflation
• interest rates
• capitalism
• free markets
• tom woods
• austrian economics
• dollar
• equities
• europe

[AustrianEconomistsRu]

@vomitall Because 'AntiSchiff' is not human, so he can't really communicate normally. It's some kind of ape like creature with the brain of a mouse.

[toastm4n]

@AntiSchiff yesterday I made $5 selling your sister to a traveling gypsy, with the $5 I bought the biggest cucumber I could find and shoved it in your mom's butt in front of a cheering crowd which made me about $5000, with that $5000 I bought a car which I used to drive over your dad for making stuff a moronic child. Isn't free market wonderful?

[unholysaint666]

@Tomta20012 And how beautifully he explained this phenomenon of the Fed forced to raise interest, in less than 30 seconds.

[Tomta20012]

Ageed with schiff! Very important point, if there is a panicked flight from the us dollar, the fed will have no choice but to quicky raise interest rates sharply, other wise you you will have hyper-inflation in a heart beat!

[vomitall]

Look at your posts! Why are you Americans all so fucking aggressive!

[Budvb]

If wealth is created from a printing press, why do we have farmers growing and raising food for us then. Would they be better suited in the banking industry since it creates wealth per say.

[WisdomOrb]

EVERY PYSCHO-SOCIAL, GEO=POLITICAL, SOCIO-ECONOMIC AND FINANCIAL PROBLEM ON THIS PLANET IS DUE TO THE FACT THAT ALL CURRENCIES ARE BACKED BY NOTHING, WORTHLESS AND CONSTANTLY BEING DEVALUED JUST LIKE OUR OWN SELF WORTH, THE FRUITS OF ONES LABOUR IS ROTTEN ON DELIVERY AND CONTINUES TO ROT THERE AFTER, SOUND MONEY EQUALS SOUND MIND.GOLD AND SILVER IS MONEY AND NOTHING ELSE, BUT SOON IT MIGHT BE RICE AND POTATOS. THE END OF ALL FIAT CURRENCIES IS NEARING.

[WisdomOrb]

austrian economics can't work with the 'corprate=facist=communist=chi­na' squeezing everyone out of the markets and using every unethical economic arsenal in their doom dealing box of tricks, austrian economics requires some ethics and regulations, what is disturbing is that peter only addresses the inequity of american govt. while completely avoiding china's vicious throw=them=in=the=volcano approach to their human capital resource, sick world. sound money equals sound mind, MAD WORLD INDEED...

[moistfaucet]

all this happend thanks to the greatest invention of all time, the law of supply and demand. now everything have a price while the nature give us for FREE.

[mootant]

@AntiSchiff In other words you're saying that judging how much everything is worth is impossible so you'll extrapolate inflation from consumer basket onto everything else, is that right?

I already passed basic econ but it was econ for engineers. :P

[AntiSchiff]

@toastm4n

Where have you made money idiot? Tell me what you put your money in. lol I've been in inferior goods-related stocks, both domestically and internationally and have cleaned up versus the indexes and gold. I'm sure you haven't a pot to piss in, don't have even the beginnings of an education in economics, yet you think you know it all because it's "simple". lol What's simple is your total lack of success, revealing you know nothing.

[toastm4n]

@AntiSchiff lol you're wrong again and again, I think you're doomed to a really shitty life full of hate and pain, I really pity people that have to endure your presence, you arrogant, socialist little nazi.

[toastm4n]

@AntiSchiff lol Anti-Schiff nice name you fucking degenerate, the principles of free market economics are very simple, they are thousands of years old before computer existed and truly time tested, and even a fucking degenerate like yourself that loves to perform autofelation can learn about it but first you need to close your disease infected mouth and open your eyes.

[kmelfina]

@mootant Because the government won't let me? Well that's all I got xD

Anyways, there's no way I'd believe gas prices shot up 300% in less than a few decades because oil suddenly "got more value" from 10 cents to the current +$3.

[mootant]

@kmelfina yes, it's idiotic thing to say whole 19th century had slight deflation but was time of greatest economic and technological progress. Money printing monopoly was handed out to bankers in 1913 and both government and bankers are using it for "personal" gains. Government can spend more and bankers get more money.

You have to ask basic question: why can't you make your own currency in US for instance linked to gold, not taxed by gains taxes?

[mootant]

@AntiSchiff how do you measure it if amount of money in economy is changing and there is technical progress making 1 good different from older one? If only data you have is nominal GDP then how do you get the real one?

Simple example: computer goods - RAM. How do you treat equivalency of 1 GB of RAM? One is 5+ year old (DDR1) another is really new (DDR3) and yet another is fastest one. Do you compute "real value" in terms of that good is worth not in terms of money but output for every good?

[AntiSchiff]

@mootant

Output is real GDP.