Peter Schiff Was Right 2006 – 2007 (2nd Edition)

50 Responses

1. edgarcia2122

   August 24th, 2010 at 4:22 pm

   mmmmm

2. parallel9708

   August 24th, 2010 at 4:37 pm

   mpiffy (dot) com is the best website to get this song.

3. riceburnagtv

   August 24th, 2010 at 5:35 pm

   we had a great doc air here in Australia on the GFC by ashow called 4 corners, keep an eye out for it as it explains how this mess came about. Got to love the legacy GW Bush left for you guys,is there actually anything he did right?

4. JaYsXxInSaN3xX

   August 24th, 2010 at 6:18 pm

   Great vid Peter Schiff was right!!

5. marinello6

   August 24th, 2010 at 6:57 pm

   Mike Norman is such a LOW LIFE!

6. marinello6

   August 24th, 2010 at 7:30 pm

   @tom6612 It is a tax on any sale over 600 dollars in a calender year to a business. Metals are just included……along with antiques and anything else you think of. A 1099 will be required.

7. tom6612

   August 24th, 2010 at 8:25 pm

   @fieldman07 wrote — “I just read that a part of obamacare acually includes a tax on gold!”

   BWAHAHAHAHAHAHA. Yeah and don’t forget Obama is a secret Muslim too.

8. tom6612

   August 24th, 2010 at 9:22 pm

   Schiff is a crackpot.

   He’s running campaign commercials in Connecticut that sound like they were written by Limbaugh. He believes the market fundamentalist BS that got us in this mess is gonna get us out. He’s a total nut job.

9. fieldman07

   August 24th, 2010 at 9:33 pm

   @oneangryslav
   I read it on ABC that business would have to report outlays of over 600$ including gold coins and such.
   Is ABC a crazy right-wing blog?

10. oneangryslav

    August 24th, 2010 at 10:28 pm

    @fieldman07 Stop reading crazy right-wing blogs. That is absolutely not true.

11. tquillity

    August 24th, 2010 at 11:02 pm

    Hehehe =)

    This is Hilarious

12. fieldman07

    August 24th, 2010 at 11:09 pm

    As someone with plans to buy gold like peter says, there is reason to be worried.
    I just read that a part of obamacare acually includes a tax on gold!

    be afraid people! Be very afraid!

13. gizmo2084

    August 25th, 2010 at 12:08 am

    @Voy2378,

    Cool, tks. And remember when I compared these PR reps to lying car-salesmen in 2006-2007? Well, fast forward to 2010 and even the car salesmen can’t lie anymore. Check it out…

    watch?v=izUDd-0Z95c

14. CARLISLESTYLE81

    August 25th, 2010 at 12:41 am

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15. Voy2378

    August 25th, 2010 at 1:26 am

    @gizmo2084
    I agree. BTW
    you sound like the intro to the schiff’s radio show:
    watch?v=h6Wy-GNh4GA#t=0m23s

16. gizmo2084

    August 25th, 2010 at 1:43 am

    All these talking heads are nothing but PR reps for their clients (the investment banks). Petter was the only one exposing their lies.

    How can we expect anything more? It’s like going to a car lot and expecting the car-salesmen to say something bad about their cars. They’ve been corrupted and will LIE!

17. gizmo2084

    August 25th, 2010 at 2:02 am

    @Voy2378,

    Ben Stein is a fuckhead. And his principles are like the dinosaurs. Extinct. And yeah, I remember that video when he went on a boy-who-called-wolf rant. I lost all respect of him after I saw that video.

18. Nevawake

    August 25th, 2010 at 2:58 am

    @decapitatespammers Doesnt it make you want to Die? Too live in the same world as DUMB People. they keep breeding. And Wildlife is destroyed as human population expands. You know what you have dont you? You know where this road is gong to take you? I agree with your shit list. Thumbs up for your shit list. keep well mate

19. Nevawake

    August 25th, 2010 at 3:51 am

    Look at them laughing at him. Just like big bullies. So folks teach your kids that Bullies are dickheads. Sub prime is tiny tiny blimp. Your simply wrong about that. Il bet you a penny. The worst is over. Stocks will be a heck of a lot higher. Discount prices. The financials are super bargains. Merrill Lynch is a astinashing well run company. ahahahahahahahahaahaaaaaa

20. Brucejosephlive

    August 25th, 2010 at 3:52 am

    Peter Schiff is one of the only people telling it like it is. The other idiots are full of hot air.

21. Voy2378

    August 25th, 2010 at 4:07 am

    This as$hole Ben Stein once called Ron Paul antisemitic because Paul said that America shouldn’t be involved in Yemen.

    watch?v=pOV0qCW7nBA

22. DKPrepper

    August 25th, 2010 at 4:52 am

    The Fed and most of Washington disagreed with Schiff then. Listen to Schiff current stuff (he does something new almost every day) and the same people in Washington are still calling him a loon. Most of America agree with Washington. mainstream America is zombie town. They think America is the only exception to the falling of every other great neation in the history of the planet and turn to Socialism thinking that would generate debt slower than where we are not. LOL

23. CyReNiUsX

    August 25th, 2010 at 5:40 am

    Holy shit everyone who disagrees with Schiff looks so retarded right now. Talk about pretending to have expertise.

24. yourmain

    August 25th, 2010 at 5:51 am

    Just keep getting credit cards you cant pay for and buy dumb worthless shit. These ppl on fox, cnn, are purchased pawns by those who engineerd this whole collapse and it will get wayyyy worse for the US. 1 million + more household to loose their homes this year…Yay. I tell ya hwat. Slime tie wearing goofs.

25. Voy2378

    August 25th, 2010 at 6:00 am

    @soleeforu
    you can subscribe to schiffreport -video-blog by Schiff,
    you can listen to his radio show- Wednesdays 8:00 pm EST
    europac net/media/radio_home

26. fieldman07

    August 25th, 2010 at 6:07 am

    @dukee155
    The cost of imported food would still probably be higher then food we produce. Most of the fat people are poor to middle class. They want food that is cheap, tasty, and can be made in about 15 minutes so they won’t have cooking interfering with their work schedule.
    I don’t know, I am generalising a lot and I might be wrong.

27. dukee155

    August 25th, 2010 at 6:32 am

    @fieldman07 Instead we should be exporting it and importing food from other countries.

28. fieldman07

    August 25th, 2010 at 7:18 am

    @dukee155 Well, i think that its because of agriculture we produce.
    What do we grow? Wheat and cows, pigs, and other types of meat.
    We grow fatty food and sell it domestically at 3 dollars a meal while fast food is 10 dollars a meal in other countries. Maybe im wrong but i think its just that since we grow fatty foods domestically then that is the food we can get ahold of easier.

29. Kaptaln

    August 25th, 2010 at 8:00 am

    i’m 23 yrs old.. I just started to study Austrian Economics. The amount of knowledge i’ve learned in the past 2 months, its ridiculous. It makes me sad that so many individuals choose not to try understand the world around them and accept things they KNOW ABSOLUTELY NOTHING ABOUT. We must keep fighting to get this general knowledge out there.

30. PureAdrenaline97

    August 25th, 2010 at 8:52 am

    Peter Schiff is just great. I love the way he articulates his explanations on the economy. Very intellectual.

31. VictoryCough

    August 25th, 2010 at 9:15 am

    @MrTurdFurgeson But 9 out of the 10 years of the great depression we had a trade surplus! So the 30′s should have been a boom.

    I think protectionism is a slippery slope and all to easy to pass off as “free trade”.

32. MrTurdFurgeson

    August 25th, 2010 at 9:27 am

    @VictoryCough

    If thats the case Williams made, then that is absolutely hilarious.

    Yes, you may have a deficit with the grocier, but you make it up by earning an income in another field. For example, I may make it up to him by selling him a video game, or to someone else that runs a surplus with the grocier.

    The problem is that if you run a negative balance overall, you are essentially losing money. Its no difference if you make $2,000 and spend $2,500 – eventually, you have to fix it.

33. VictoryCough

    August 25th, 2010 at 9:57 am

    @MrTurdFurgeson Williams made the point that consumers have trade deficits with their grocers…we buy more from them than they buy from us. But no one notices it. I am not saying we don’t need more production, but really how are trade deficits important?

    It seems to me the booms are more closely related to easy credit than trade deficits or surpluses.

34. DJCamYank

    August 25th, 2010 at 10:14 am

    Love nearly everything he said, but the price controls haven’t materialized yet…

35. MrTurdFurgeson

    August 25th, 2010 at 10:31 am

    @VictoryCough

    Because Walter Williams is wrong. Look at American trade balances for the past ~ 100 years. Every time we had a trade surplus, we had an economic boom. When we had a deficit, or trade balances reduced quickly, you see a lot of economic problems.

    Look at the 1930′s with Smoot-Hawley, the 1940s with Bretton Woods, and the 1980′s when we went back to a deficit. Each time, we found ourselves in a boom or bust. Trade deficits are VERY important.

36. VictoryCough

    August 25th, 2010 at 10:36 am

    I am wondering if anyone could explain why Peter thinks trade deficits are bad while someone like Walter E Williams thinks trade deficits are unavoidable and irrelevant?

37. VictoryCough

    August 25th, 2010 at 10:54 am

    @dukee155 no. there has always been obese people and there always will. I don’t buy into the obesity epidemic scam and behind it all is greedy fat americans consuming.

38. dukee155

    August 25th, 2010 at 11:42 am

    I’m wondering if we started to produce more and consume less would we see skinnier people.

39. gilluminati

    August 25th, 2010 at 12:19 pm

    This should have a million views.

40. SamuelMoralesJr

    August 25th, 2010 at 1:11 pm

    @DCP1292 he guess lucky when in detail he explained why the economy was going to collapse? He actually explains why it collapsed, he didn’t use charts, or graphs based on lines going down, or up to explain why it would collapse. Economics revolves around human behavior, not just generalized theories based on numbers that don’t even quantify the state of economy. That is why “most people” got it wrong, when people like Peter Schiff were laughed and called Dr. Doom. You defend Keynes very poorly.

41. SamuelMoralesJr

    August 25th, 2010 at 1:41 pm

    @joraejean you clearly don’t understand what he is saying. Some regulations promote risky lending practices clearly such as the FDIC which guarantees deposits, that is why the Glass-Steagall law was passed because the deposits are insured via taxpayers, and treasuries. The same thing goes for government insured loans. That’s where “too big to fail” comes from. The Federal Reserve supplies money to the bankers, and act as an insurance policy against risk again spread across the taxpayer.

42. SerkanTuncel00

    August 25th, 2010 at 1:47 pm

    Die Türken quälten unsere Familie jahrelang.Sie lassen uns immernoch nicht in Ruhe.Meine Mutter meine Schwester mein Bruder und ich litten für reiche Türken.Sie benutzten uns wie Sklaven.Es war sehr schlimm.Diese Türken sind bei FENERBAHCE.Eine Fußballfirma gegen die Menschenrechte.Meine Schwester leidet jeden Tag an epileptischen Anfällen,weil die Mitglieder FENERBAHCE`s es so wollten.Mich und meine Mutter machten sie Depressionskrank,wir mussten dann Medikamente einnehmen.

43. arzoyan

    August 25th, 2010 at 2:33 pm

    Capitalism is the Free rule and expression of Capital,rampaging 24/7 across the world for profit, and enslavement and servitude of those who have nothing except their abillities/skills to sell themselves for wages/salaries. Its a profit driven system corrupting,dehumanising,devalu­ing and distorting everything and everyone in the midst of its insatiable,destructive, abstract process of CAPITAL Accumulation and Concentration in control of a few.

44. JosephFrore

    August 25th, 2010 at 2:59 pm

    Ron Paul/Peter Schiff 2012

45. flavurs

    August 25th, 2010 at 3:44 pm

    This guy makes profound economic and common sense. No one like him.

46. Ozmator

    August 25th, 2010 at 4:05 pm

    @pretorious700
    ‘public schools have prodeuced a whole generation of brain dead zombies’
    Indeed, and that was the plan.

47. pdxeddie1111

    August 25th, 2010 at 4:42 pm

    It almost sounds like the robber baron era 2

48. pretorious700

    August 25th, 2010 at 5:30 pm

    In an argument about the economy recently, a supply sider actually completely dismissed the Austrian school with this one sentence-”They cannot be right because their beliefs are in such a strong minority”…really…this is what passes for reasoning among the great unwashed mass of people in the USA. The public schools have prodeuced a whole generation of brain dead zombies.

49. joraejean

    August 25th, 2010 at 6:24 pm

    The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.” — Thomas Jefferson

50. fasteddie847

    August 25th, 2010 at 7:07 pm

    Stand clear everyone, “The Schiff has hit the fan”