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Duration : 0:7:1
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File under : quick money
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August 12th, 2010 at 3:54 pm
mr backslick is to …
mr backslick is to stupid to understand what Peter is saying…
August 12th, 2010 at 3:54 pm
In the 1970′s the …
In the 1970′s the US government was printing 20 million per day and when the deflationary party was over, from 1976 to 1980 Real Estate quadrupled in price nationwide. Now they are printing 4.1 Billion per day so when the deflationary party is over, the inflation will cause a massive jump in prices the second half of this decade (the last report out says that the foreclosures will be sold off at the end of 2015).
August 12th, 2010 at 3:54 pm
@jimeast2 Agree. …
@jimeast2 Agree. And now the EU and the UK are taking austerity which is miles better then what the US is trying to do.
August 12th, 2010 at 3:54 pm
@silvercelli …
@silvercelli Schiff was wrong in the short term but there’s still over 5 months left in the year. He wasn’t anticipating the downturn in the Euro which since it accounts for 57% of the weight of the dollar index caused the dollar to rise as it sank. Recently the Euro has started to rise and the dollar is now sinking. It should be interesting tp see how this plays out in the next few months. The Chinese yuan recently become less fixed to the dollar and is now rising against the dollar.
August 12th, 2010 at 3:54 pm
Peter is WRONG and …
Peter is WRONG and the kids are RIGHT, at least in the short term, the Dollar will continue to rise. Gold will pullback, banks will not lend. Classic Deflation.
At some point blue-chips will look good.
August 12th, 2010 at 3:54 pm
too funny that the …
too funny that the guy who argued that he was wrong back in 09
is still arguing with him now…
I woudn’t trust that guy with 2 pennies
August 12th, 2010 at 3:54 pm
Jesus! The voice of …
Jesus! The voice of that woman! Yak!
Fishface!
August 12th, 2010 at 3:54 pm
The guy here …
The guy here represents a typical newscaster/talk show host; knows nothing but is firm in his convictions.
Sadder still, he represents a HUGE portion of America that believes the nonsense spouted by the Admin’ and the so-called ‘Federal’ Reserve.
I also wonder what kind of deal With The Devil Warren Buffett made in his recent B/H address, remarking that he couldn’t think of anyone “more qualified to head the Fed”?
Or was that meant as a joke?
August 12th, 2010 at 3:54 pm
half of us’s …
half of us’s population needs to be wiped out. there are too many useless people in this great country. I work two jobs and pay taxes, plus i served for my country.
Fuck this immigration law, and half the us population that is mainly useless and unproductive.
fuck em all
August 12th, 2010 at 3:54 pm
You can always …
You can always predict a nation’s wealth by it’s industrial output. The U.S. no longer has industrial output, most manufacturing has been off-shored. The U.S. cannot remain an economic superpower on an economy based in the service sector. A service sector economy is what you would find in Guatemala.
August 12th, 2010 at 3:54 pm
@heyheymonkees
…
@heyheymonkees
This is like those Chinese sentencing tribunals… Good they didn’t tie his hands behind his back.
August 12th, 2010 at 3:54 pm
@chimpanchu
Thay …
@chimpanchu
Thay are told to talk LOUD and FAST … as if that way they sound smarter. So stupid!
And I hate the voice of that fish-face woman. Yak!
August 12th, 2010 at 3:54 pm
@revealer007 He’s a …
@revealer007 He’s a cheeto eater!!!
August 12th, 2010 at 3:54 pm
1:25. . .who is …
1:25. . .who is that young, WOW playing, cheeto-eating kid sitting on the left end of the panel. I can’t believe peeps are still arguing with PS!! They fail to look at history. They are watching the economy with rose colored classes.
August 12th, 2010 at 3:54 pm
Love people like u …
Love people like u guillone.
Won’t think anything is wrong will it’s too late. Perfect example of ‘ignorance is bliss’
August 12th, 2010 at 3:54 pm
“We’re going to …
“We’re going to stop shopping, we’re done.”
fear and doom, it always sells. he’s made a career out of it.
hahahaha, funny stuff.
I like ‘the buzz’ strategy, create a panic scenario and get booked for lots of speaking gigs. think i’ll try it!
thanks schiff, cool.
August 12th, 2010 at 3:54 pm
He’s exactly right. …
He’s exactly right. . . and please get the man a chair!
August 12th, 2010 at 3:54 pm
LoL they don’t even …
LoL they don’t even give him a chair
August 12th, 2010 at 3:54 pm
I don’t really care …
I don’t really care if those morons on TV understand what he is saying. He is reaching people like me who woke up about 7 years ago to this crooked game. I have an economics background but thanks to peter i got a better understanding of the economy as a whole. Listening to people like peter schiff I made over 100% return on my stocks last year investing in OIL and SHIPPING industry wohoo. When inflation hits commodities are gonna go thru the roof.
August 12th, 2010 at 3:54 pm
Peter Schiff is …
Peter Schiff is right on.
I think it is funny he is out there telling the truth and no one is taking him seriously. BHO got elected based on being able to save us and then he gave us stimulus that is only making it all worse.
August 12th, 2010 at 3:54 pm
Yep and your the …
Yep and your the first in LIne !!!!!
Did you really just suggest that half the population be wiped out? Wow your retarded
August 12th, 2010 at 3:54 pm
what we need to do, …
what we need to do, is to have mass killings throughout the us. Too many people and too many idiots = not enough jobs more and more problems and more tyranny. Half the population must be wiped out. Stalin style
August 12th, 2010 at 3:54 pm
Thats my criticism …
Thats my criticism of counter-cyclical Fiat monetary policy (pro-cyclical!), heres my plagiarised criticism of the bailout and of Keynesian stimulus.
Every system which endeavours… to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it… retards, instead of accelerating, the progress of the society toward real wealth and greatness.”
Adam Smith agrees with Schiff as does Locke because affirmative govt action=bad.
August 12th, 2010 at 3:54 pm
That’s my criticism …
That’s my criticism of counter-cyclical Fiat monetary policy (pro-cyclical!), here’s my plagiarised criticism of the bailout and of Keynesian fiscal stimulus.
“Every system which endeavours… to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it…retards, instead of accelerating, the progress of the society toward real wealth and greatness.”
Adam Smith agrees with Schiff. As does Locke because affirmative govt=bad
August 12th, 2010 at 3:54 pm
How dangerous are …
How dangerous are statistics in the hands of Keynsians! Rising ‘prosperity’ in a boom occurs because when the Fed induces credit expansion by committing mass fraud via interest rate control, it leads to malinvestments which normally clear quickly-but to sustain the boom you can keep the inflationary liquor pouring, causing malinvestments to mount until the fraud ends.
So using fraud to prevent the deflationary saving just builds more malinvestment and another boom/bust cycle.
End The Bernanke!