also check me out on http://www.facebook.com/schiffreport and http://www.twitter.com/peterschiff
Duration : 0:9:57
Tags: ben, bernanke, bubble, collapse, crash, depression, dollar, doom, economic, economy, euro, faber, fed, Founding fathers, gold, Independence day, oil, paul, Peter Schiff, recession, rogers, ron, silver, Taxes, the
Very impressive! …
Very impressive! This is exactly the answer I was looking for, you should upload your video to this site, Ewisdomtv
Wow, great video!
Wow, great video!
Greed needs to see …
Greed needs to see when enough is still too much. Be happy with what you got.
why are you people …
why are you people replying to something that i said over a month ago ? ?
the US is still and will continue to be so….it will slowly degenerate into
nothing……besides that there’s nothing here left to say here
I have confidence …
I have confidence in the United States of America. So does China and that is why they invest in savings bonds. The US economy is able to sustain itself through the recession just as it had sustained itself during the several recession of my lifetime. I reject the sky is falling outlook of these talking heards.
Well, yeah, …
Well, yeah, wouldn’t you say that if you had all your savings in Dollars? Meanwhile, out back they’re buying as much real wealth as they can, as fast as they can. I choose to believe their actions, you believe their words…
dude, the US forces …
dude, the US forces are not all or anywhere close to even half ‘highschool dropouts’. Too much Moore!
And, just because the valuation of the Euro is ‘higher’ than the dollar doesn’t mean it is ’stronger’. The pound is higher, but no one is going to say it is stronger. It all comes down to current & recent performance, & likely performance in the future. Since Mar 09 the $ has been trending down relative to certain things, but other currencies have been trending down relative to the dollar.
… and his BS …
… and his BS intake. He’s overflowing with it.
I think the gov of …
I think the gov of the US is not a gov of or for the people…but is a means for the elite to rule indirecty, and take money from the people to fund their national and international plans and ambitions.
government is worse …
government is worse though. no competion government. so government is wastful and political and corrupt in nature.
You make a …
You make a compelling argument, Mr. Shiff.
If Peter gets $100 …
If Peter gets $100 in campaign donations from everyone that has watched this video already he will have over $1.5 million dollars.
I have $100 to send ya.
Sounds like we’re …
Sounds like we’re on the same page. What a mess?
The last thing I …
The last thing I want is a company like Enron running my city’s sewage system.
“They [China, ...
"They [China, Russia, India...] can let the dollar sink” says P. Schiff. Yes Mr. Schiff I guess that US government would agree with you this time. I bet that US government counts on that. How else could US get rid off its huuuge debt? At the same time USA destroys savings of dollar holders and that means of the whole world. If USA gets its way out of the problem in this dirty way I think no one will have any business with them for the next 1000 years.
“monitize the debt” …
“monitize the debt” is the phrase that’s currently used to describe instances when FED buys up treasury bonds. When bonds are bought by surplus of economic activity, it’s savings. When it’s bought with an institution that issues money (by lending it), it’s pure inflation.
RIP Michael Jordan! …
RIP Michael Jordan! Your name will be remembered FOREVER!
Zimbabwe has a …
Zimbabwe has a 100,000,000,000,000 dollar bill, I don’t know of any country that doesn’t have a reserve currency.
“Borrowing” from …
“Borrowing” from China is happening via the sale of US bonds which of course involves interest. Monetizing it(printing) involves expanding the money base. So say you and I each have $1 dollar and want to buy an apple for $1 dollar.”Joe Gov’t” comes along and says “I want an apple too!” and prints $1 up without working for it.What just happened to the value of the money you and I just worked for? (It goes down-naturally).That is what Ron Paul calls the “hidden tax” or “inflation tax”.
Pure truth in this …
Pure truth in this video!!!!
revelations is the …
revelations is the best place to find well proven predictions about the course of the future. its all there.
this guy is right about the founding fathers, one of the main reasons for the revolt was the PRIVATE control of the money system from the central bank. we now call that the federal reserve and they should have done more to prevent that.
I hope someone will …
I hope someone will read Revelations – one world government prophesied – one world leader – antichrist to rise.
Thanks. I had …
Thanks. I had heard two sides to this story. The other is that in the current economic situation we will see deflation as a result of no lending so if we print money we can try to stabilize it although what we are actually seeing as a result is stagflation. So what would be the difference between borrowing this money from China vs monetizing this debt? Aren’t both very bad? If we borrow it we have to pay interest.
I hope somebody makes a financial learning channel.
its when the …
its when the federal reserve prints money to buy government debt. its a bad thing to do because it inflates the money supply which eventually makes prices go up.
It means printing …
It means printing money to pay the debt.