Peter is right. The American people need to be told the truth...but, before the truth will be accepted, people must believe that there is justice and fairness in our economic system, and in our government...and that abusers will be swiftly punished and the fat cats will not be favored over the masses. Who are the current bailouts really helping, and who will have to pay the ultimate price?
jontradom
· 1 year ago
This clip was ruined by those two jackasses constantly interrupting and talking over Peter Schiff.
Panskeptic
· 1 year ago
What a jackass this guy is! The election didn't go his way, so he predicts doom for us. All he's missing is a long white beard and a sign "Repent Ye for the End of the World is Nigh." An exercise in nostalgia, but illogical and meaningless in this century.
marketfolly
· 1 year ago
Panskeptic,
Peter Schiff has been predicting doom for a while now, as he has pretty much accurately predicted each step of the credit crisis. Look up some of his earlier predictions/comments. Its not so much that the election outcome makes him bearish, but rather confirms his bearishness from beforehand.
AZ-tech
· 1 year ago
Panskeptic,
Many of us don't think one or the other really makes much of a difference at this juncture. You must have missed the couple times he said he was no fan of McCain’s either. The House and Senate are the ones in control (even when they pass on their responsibilities and leave it up to departments – or presidents). Lots of us would like to see a return to being a Republic (not sure when the heck the idea of “Democracy” became the mantra – think of the pledge – it’s “to the Republic, for which it stands” – not “to the democracy...”).
We’ll get what we deserve, and I’m pretty sure most are going to find reality isn’t what they were expecting. Wait tell the currency collapses, and who, exactly, is going to be buying all those T-bills when everyone (world wide) is broke? That’s when things start to get interesting. Hope you like inflation – everyone I knew in the 70’s and 80’s thought it sucked. Then again, except for the $$ dreams of house worth the last several years I didn’t see anyone loving the price increases in food and “real” goods. Wait tell all this money they’ve been printing finds its way into the market over the next couple years. Best way to “meet” all those retirement promises is inflate lke mad – now they got their reason to print...
All Comments
Peter Schiff has been predicting doom for a while now, as he has pretty much accurately predicted each step of the credit crisis. Look up some of his earlier predictions/comments. Its not so much that the election outcome makes him bearish, but rather confirms his bearishness from beforehand.
Many of us don't think one or the other really makes much of a difference at this juncture. You must have missed the couple times he said he was no fan of McCain’s either. The House and Senate are the ones in control (even when they pass on their responsibilities and leave it up to departments – or presidents). Lots of us would like to see a return to being a Republic (not sure when the heck the idea of “Democracy” became the mantra – think of the pledge – it’s “to the Republic, for which it stands” – not “to the democracy...”).
We’ll get what we deserve, and I’m pretty sure most are going to find reality isn’t what they were expecting. Wait tell the currency collapses, and who, exactly, is going to be buying all those T-bills when everyone (world wide) is broke? That’s when things start to get interesting. Hope you like inflation – everyone I knew in the 70’s and 80’s thought it sucked. Then again, except for the $$ dreams of house worth the last several years I didn’t see anyone loving the price increases in food and “real” goods. Wait tell all this money they’ve been printing finds its way into the market over the next couple years. Best way to “meet” all those retirement promises is inflate lke mad – now they got their reason to print...