PETER SCHIFF 2/18/09 – CNBC KUDLOW [PART 1]
Peter talks most the value of the note in relation to metallic and another currencies. He says that “in the end, the exclusive digit who’s feat to be willing to write a mortgage is the government.” “The persuasion is what’s ending the economy… the polity pussy us with the disease, today they’re ending us with the cure.”
Peter Schiff is cool, but the guy with the white hair was funny as hell….. Especially when Peter said, “Get out of the U.S. Dollar,” and the other dude said, “Well, give me your Dollars…”
LOL!!!
^
|
|
|
Click Here to watch shocking confession that Banks and Automakers are BLACKMAILING our government and Barack Obama FORCING them to pay for a Bailout using taxpayer money!
watch?v=UkBuGCO2Uao
Democrates and Republicans will find this disturbing news –o-
peter schiff just wants to make money off of fear, fuck this guy!!
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”
-Thomas Jefferson
Presidents and other Politicians are the Towel Boys, Actors if you will, the Bankers and other Corporations RUN the Show.
Quit buying into the Mythology.
save your money!!!!! it will only be worth half by the time obama is done
These days, you can play “Schiff was right” on a daily basis. I’m watching this video now, with these guys saying it’s buying time, and this was two days ago. (Gold hit 1k today, and DOW hit 6 yr low)
fuck, whoever shouts the loudest wins. what a bunch of gasbags
Mr. Bowyer will never have the opportunity to invest my money. What a monkey.
Wait a minute is this footage from November 08? CMon people.
God I love Peter Schiff! I just always go to financialtruth0.blogspot . com because they post all the latest videos there of JIM ROGERS, MARC FABER, PETER SCHIFF and RON PAUL! Thanks for uploading anyway!
The dollar, the highest turd in a punchbowl of paper currencies. Every paper currency without gold backing has gone to zero in the history of man. (Jefferson)
In 1970, a $10K salary chased a $3.5K car & a $40K house. Today a $100K salary chases a $35K car & a $400K house. In 10 years, just add a zero to all of the above.
And gold will go from $750 average last year, to $7500 an ounce.
Schiff is right. Trade fiat for gold, while fiat has some punch, before it goes the way of Zimbabwe
Bower is a yapping dipshit. If you don’t understand that fiat currencies have no intrinsic value, then you shouldn’t be on TV informing Americans about the economy.
“Banks have done more injury to the religion, morality, tranquility, prosperity,
and even wealth of the nation than they can have done or ever will do good.”
–John Adams
When China stops buying US Treasuries from itself, the dollar is over.
I agree that mony is simply a commodity that is used as a medium of exchange and is benificial. I would disagree that every socity has money though, prior to the development of one commidity for a medium of echange there would be barter which does not nessisary have a money. My point is that even in a barter economy there is profit. Even a lone hermate profits buy using his labor with the hope it will enable a return on investment. No voluntary act is taken without the hope of gain (profit)
Every society develops a medium it uses as money. Gold for instance has been used for thousands of years. Cattle for instance is used in parts of Africa as a medium of trade.
Profit is not the problem, that is propaganda to get people to accept the idea of being stripped of their private property. The “unsustainable” model that is collapsing is Fractional Reserve Banking where the money to fuel the economy doesn’t come from savings, but is created by fiat by the central and commercial banks. That is the Ponzi scheme that is collapsing now, and that no amount of Keynesian spending plans can repair.
“than give me yours”
peter: “no i need it to buy gold”
owned
learning to grow food to survive is itself a profit motive. I Bushman in Africa who takes the time to make an arrowhead he intends to use to hunt an animal is going to profit for his labor. Just because there is not money involved does not mean there is no proifit.
the planet cannot survive A profit model the game is over learn to grow food and survive in harmony with the environment these guys are going to be like the dinosaur
“Educate and inform the whole mass of the people… They are the only sure reliance for the preservation of our liberty.”
—Thomas Jefferson
What make some these economist think this recession is going to be like the others? Of course, some of these paid schills are to speak all is fine and now is the time to invest and yet Peter speaks out that the bottom is a long way off.
woot 1st view.