Wednesday December 9, 2009 07:38
Peter Schiff 2/18/09 – CNBC Kudlow [Part 1]
Posted by Business Plan as Mortgage
Peter talks about the value of the dollar in relation to gold and other currencies. He says that “in the end, the only one who’s going to be willing to write a mortgage is the government.” “The politics is what’s killing the economy… the government infected us with the disease, now they’re killing us with the cure.” … Peter Schiff Videos gold February 2009 mortgage
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24 Responses to Peter Schiff 2/18/09 – CNBC Kudlow [Part 1]
billionaireby16
December 9th, 2009 at 8:38 am
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!!!
WallStreetMarketNews
December 9th, 2009 at 8:53 am
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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-
mitchrix31
December 9th, 2009 at 9:51 am
peter schiff just wants to make money off of fear, fuck this guy!!
MooseOfReason
December 9th, 2009 at 10:50 am
“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
SATANSbankers
December 9th, 2009 at 10:59 am
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.
conservativeinexile
December 9th, 2009 at 11:08 am
save your money!!!!! it will only be worth half by the time obama is done
stebbinsm
December 9th, 2009 at 11:28 am
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)
ericvan001
December 9th, 2009 at 12:01 pm
fuck, whoever shouts the loudest wins. what a bunch of gasbags
catsarereallycool
December 9th, 2009 at 12:47 pm
Mr. Bowyer will never have the opportunity to invest my money. What a monkey.
scottylans
December 9th, 2009 at 1:15 pm
Wait a minute is this footage from November 08? CMon people.
Justbeatit999
December 9th, 2009 at 1:20 pm
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!
Yourdeadmeat69
December 9th, 2009 at 2:02 pm
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
mastershake99
December 9th, 2009 at 2:11 pm
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.
Blackjack555
December 9th, 2009 at 2:38 pm
“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
libertyeconomics
December 9th, 2009 at 3:09 pm
When China stops buying US Treasuries from itself, the dollar is over.
lengthyounarther
December 9th, 2009 at 4:09 pm
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)
atheistnarnia
December 9th, 2009 at 4:52 pm
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.
jokertim777
December 9th, 2009 at 5:19 pm
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.
Krampfarsch
December 9th, 2009 at 5:57 pm
“than give me yours”
peter: “no i need it to buy gold”
owned
lengthyounarther
December 9th, 2009 at 6:43 pm
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.
banjojambo9
December 9th, 2009 at 7:40 pm
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
tito2b2
December 9th, 2009 at 8:24 pm
“Educate and inform the whole mass of the people… They are the only sure reliance for the preservation of our liberty.”
—Thomas Jefferson
coolwise1
December 9th, 2009 at 8:49 pm
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.
yz250thatownsyou
December 9th, 2009 at 9:08 pm
woot 1st view.