#3 While I agree with peter on his thesis that inflation is definitely coming and that global growth stock are the best way to play that. I dont think it will be as bad as he thinks it will be. I think Gold has an outside possibility of going to $3000, Remember, US debt is considered the safest investment to the world, and the world has to put their money somewhere, and in times of panic the US dollar and US treasuries is where the money flows, just look what happened at the end of 08.
#2 Peter said that hyperinflation wont happen in 2010, then 2 weeks later, (See his videos on youtube) i think it was Janurary 4th, he said the dollar will drop 75% in 2010, What changed in 2 weeks?
I think Peter Schiff is off base. #1 China’s currency is pegged to the dollar. The reason why is because the US is one of the biggest buyer of their goods. If they let their currency appreciate, it will be very expensive for china to export to the US. So I dont think they will let their currency appreciate, that will give support to the dollar.
Wall Street (manipulations) bailouts were rigged and a fraud.
High frequency trading, flash orders, naked short selling by:
Goldman, JPM, CIT, MorganStanley, AIG: thieves and frauds
The Fed, Comex, Bonds, Govt data: a fraud.
Bernanke, Geitner, Paulson, Summers: frauds
Don’t get screwed (again) folks, stay way from this scum.
Sell your stocks, bonds, etf’s, exchange it for something real.
Load up on physical silver bullion (in your hands).
Shop local mom and pop, Starve the Beast!
Great quote from a great American. Can you reference it for me?
There is no doubt that THE FOUNDERS of this great country would be appalled by what has happened. It is a shame that we violate their constitution almost without thinking.
We are so fortunate that these great men came together at the right time under the right circumtances to create this great nation. It is unfortunate that they could not see that the career politicians would ultimately wreck it.
Schiff is a dumbass!! He correctly saw the crash coming and then invested like such a giant idiot that he lost 70% of his portfolio. How stupid is that? Really freakin’ stupid!!!!
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
i HATE that smug greaseball in the top-left. haha look at him half-shaking/half-nodding his head like a fuckin basketcase around 3:33…i’d sure like to see his qualifications if they exist. jesus christ, these dumb kids are so full of their shitbrained selves it’s comical.
I guess nobody in the government seems to take any of this information Peter’s offering seriously, especially after announcing that they’re offering unlimited financing to Fannie and Freddie - causing the value of the dollar to devalue from overcirculation and Treasuries to become less attractive over time. I can’t stand to watch CNBC anymore since most of their staff looks with a blind eye and listens with deaf ears to promote a misconception of the economy rather than the inevitable reality.
@ 1:30 oh no I don’t see any hyperinflation; these guys deny it cuz they all got pay raises to keep up. Prices have tripled to quadrupled since 1999, the real date of economic crisis. When gasoline prices tripled so did auto parts, when gas price cut in half auto parts did not. This last year the cheapest soap cleaner went up 50% from $4 to $6. Now we only want to sell/service the rich and screw everyone else. Face it, the majority lose in America & to put on a “contest” is diversion of tyranny
@shahen13: Just because he make the right prediction does not mean that he needs to set up a hedge fund betting against the housing market. Fact is Peter SChiff is right. And once the Banks are moving their money out of the interbank market into public market we will see a hyperinflation. Ben Bernanke runs the US and the rest of the world into big trouble.
Peter Schiff is an idiot. He correctly saw the economic meltdown coming and then stupidly proceeded to invest such that he lost 70% of his portfolio. That is like a physician correctly diagnosing a patient with heart disease and then stupidly prescribing flu medication. What a dumb douchebag!!!
It is good to see they are treating him with more respect at least. That is a good sign….I sure hope he can get elected. I admire the way he never makes it personal and just goes to the issue, and wins the argument every time it seems. He has that trait in common with Ron Paul, but he is even more articulate than the Doctor. Exciting times.
No need to back off.
I don’t take your words personally, you weren’t commenting on me or my actions in particular.
The folks at CNBC have been getting bashed for their backwards prosperity destroying opinions for years.
Whether they are adult enough to take constructive criticism is their problem not ours.
Not trying to focus on you per se, just want to say I’m a big supporter of Peter Schiff…but if we go after his interviewers I fear we will make it more difficult for him to get his message out. Maybe I’m wrong in that a little pressure from us to treat him better is a good thing…but let’s not totally take off the gloves.
he earns money from the decisions he made , based on his macroeconomic predictions, while you post your pointless shittalk on youtube. Who is stupid here?
Google “Hooverville” - you will see that Schiff is proposing exactly what Hoover did and what prolonged the great depression. Peter Schiff is really stupid and I can’t believe how many people are falling for his bullshit.
Peter Schiff has been laughed at many times for the past 5-6 years, but every time it has been proven that he was correct.
#3 While I agree with peter on his thesis that inflation is definitely coming and that global growth stock are the best way to play that. I dont think it will be as bad as he thinks it will be. I think Gold has an outside possibility of going to $3000, Remember, US debt is considered the safest investment to the world, and the world has to put their money somewhere, and in times of panic the US dollar and US treasuries is where the money flows, just look what happened at the end of 08.
#2 Peter said that hyperinflation wont happen in 2010, then 2 weeks later, (See his videos on youtube) i think it was Janurary 4th, he said the dollar will drop 75% in 2010, What changed in 2 weeks?
I think Peter Schiff is off base. #1 China’s currency is pegged to the dollar. The reason why is because the US is one of the biggest buyer of their goods. If they let their currency appreciate, it will be very expensive for china to export to the US. So I dont think they will let their currency appreciate, that will give support to the dollar.
Wall Street (manipulations) bailouts were rigged and a fraud.
High frequency trading, flash orders, naked short selling by:
Goldman, JPM, CIT, MorganStanley, AIG: thieves and frauds
The Fed, Comex, Bonds, Govt data: a fraud.
Bernanke, Geitner, Paulson, Summers: frauds
Don’t get screwed (again) folks, stay way from this scum.
Sell your stocks, bonds, etf’s, exchange it for something real.
Load up on physical silver bullion (in your hands).
Shop local mom and pop, Starve the Beast!
@mba2000du
Great quote from a great American. Can you reference it for me?
There is no doubt that THE FOUNDERS of this great country would be appalled by what has happened. It is a shame that we violate their constitution almost without thinking.
We are so fortunate that these great men came together at the right time under the right circumtances to create this great nation. It is unfortunate that they could not see that the career politicians would ultimately wreck it.
Schiff is a dumbass!! He correctly saw the crash coming and then invested like such a giant idiot that he lost 70% of his portfolio. How stupid is that? Really freakin’ stupid!!!!
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
Thomas Jefferson
I think when these guys loose money on the day from their trades they like to take it out on Peter.
i HATE that smug greaseball in the top-left. haha look at him half-shaking/half-nodding his head like a fuckin basketcase around 3:33…i’d sure like to see his qualifications if they exist. jesus christ, these dumb kids are so full of their shitbrained selves it’s comical.
I guess nobody in the government seems to take any of this information Peter’s offering seriously, especially after announcing that they’re offering unlimited financing to Fannie and Freddie - causing the value of the dollar to devalue from overcirculation and Treasuries to become less attractive over time. I can’t stand to watch CNBC anymore since most of their staff looks with a blind eye and listens with deaf ears to promote a misconception of the economy rather than the inevitable reality.
@ 1:30 oh no I don’t see any hyperinflation; these guys deny it cuz they all got pay raises to keep up. Prices have tripled to quadrupled since 1999, the real date of economic crisis. When gasoline prices tripled so did auto parts, when gas price cut in half auto parts did not. This last year the cheapest soap cleaner went up 50% from $4 to $6. Now we only want to sell/service the rich and screw everyone else. Face it, the majority lose in America & to put on a “contest” is diversion of tyranny
I can see inflation at 10%, not 50%. Also Bernanke wont raise rates enough because he wont want to hurt Obama’s re-election
@shahen13: Just because he make the right prediction does not mean that he needs to set up a hedge fund betting against the housing market. Fact is Peter SChiff is right. And once the Banks are moving their money out of the interbank market into public market we will see a hyperinflation. Ben Bernanke runs the US and the rest of the world into big trouble.
You are missing the point - he should not have lost anything in 2008 since he saw the crash coming. That’s what makes him stupid!!!
@shahen13 He recovered more than what he lost in year 2008 in year 2009.
Peter Schiff is an idiot. He correctly saw the economic meltdown coming and then stupidly proceeded to invest such that he lost 70% of his portfolio. That is like a physician correctly diagnosing a patient with heart disease and then stupidly prescribing flu medication. What a dumb douchebag!!!
It is good to see they are treating him with more respect at least. That is a good sign….I sure hope he can get elected. I admire the way he never makes it personal and just goes to the issue, and wins the argument every time it seems. He has that trait in common with Ron Paul, but he is even more articulate than the Doctor. Exciting times.
Excuse me?
I fail to see how there can be any venue that is wrong for Peter Schiff’s message.
No need to back off.
I don’t take your words personally, you weren’t commenting on me or my actions in particular.
The folks at CNBC have been getting bashed for their backwards prosperity destroying opinions for years.
Whether they are adult enough to take constructive criticism is their problem not ours.
Not trying to focus on you per se, just want to say I’m a big supporter of Peter Schiff…but if we go after his interviewers I fear we will make it more difficult for him to get his message out. Maybe I’m wrong in that a little pressure from us to treat him better is a good thing…but let’s not totally take off the gloves.
he earns money from the decisions he made , based on his macroeconomic predictions, while you post your pointless shittalk on youtube. Who is stupid here?
@shahen13
… hoover demanded massive government spending. Schiff is advocating for massive government contraction.
You’re nuts
i googled it. whats your point?
Google “Hooverville” - you will see that Schiff is proposing exactly what Hoover did and what prolonged the great depression. Peter Schiff is really stupid and I can’t believe how many people are falling for his bullshit.