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CNBC's Steve Liesman Schooled by Peter Schiff

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Laughing as an indicator

The more and louder these people are laughing at Schiff the closer we are to a crisis. That's how it happened during the '08 crash, the closer we where getting the crash the louder and the more they were laughing because they knew he was right and that was the only responses they had. We are getting closer, put on your seat belts. This is going to be a big one.

It is better to look dumb and not be, than to look smart and not be.

Schiff Also Needs Some Schooling

The charts they showed of the US Dollar Index demonstrate how his forecasts for a dollar crisis have been wrong for some time. Schiff may be right about some things, but the dollar crisis may still be many years away (if it ever occurs at all).

USD Index is not really a

USD Index is not really a good measure.

Just plain and simple...look at the purchasing power of the dollar for:
-an ounce of silver
-an ounce of gold
-a gallon of gas
-a gallon of milk

That's your best dollar "index". The dollar IS collapsing and it's in slow motion. They are preparing the next thing for us. This is just a transition period. Schiff nailed it.

Peter Schiff is correct see chart


The US Dollar has fallen and it is not done yet.

Look at your cash (if you have any) At the top it says Federal Reserve Note. A note is an IOU. The Federal Reserve is printing over a trillion IOU's out of thin air a year. What would a share of stock be worth if the company created a trillion new shares every year ?

When I was a kid in the 1960s gas was .30 cents a gallon. But we had real money and dimes were silver. I think 3 silver dimes today are worth $6.00 in Federal Reserve Note IOU's. So gas today is cheaper than it was when I was a kid.

Everyone should hold some gold and silver. Think of it as an insurance policy that will pay off.

Tin Pan Miner

The dollar index

compares the u.s. dollar to a basket of other currencies. If all the other currencies are depreciating faster that the u.s. dollar than the index will show the u.s. dollar going up, a false read on the actual value of the u.s. dollar. The best way to value the dollar is to look at what it can purchase compared to what it used to purchase and that will tell you everything. The dollar cannot buy what it used to, not just in terms of gold and silver (manipulated markets) but food and energy, and we all know how the dollar is tanking there. The government is giving us a lot of false indicators like the blotched CPI, GDP numbers, things like this dollar index and even the financial markets, all skewed indicators made to confuse us. If you're smart you look past all of these false indicators and look at real indicators, like how hard it is to make a living compared to the past, true fundamental indicators. That is what Schiff is basing his analyses on. The guy is smart and not everybody can follow along all the time.

It is better to look dumb and not be, than to look smart and not be.



You're right

it depends how long the shell game can go on. It's recgonizing that there is a shell game, that Leisman doesn't get.

5:07 in..

watch the chick roll her eyes when Peter mentions gold

"If this mischievous financial policy [greenbacks], which has its origin in North America, should become endurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debts. It will hav

Flashback: Liesman and Co. in '05 made fools of by Schiff


God you've got to love lying, statist d-bags worshiping at the Fed's altar...

statist, FED loving, keynsian

statist, FED loving, keynsian douchebag... that is Steve LIESman.

I can't imagine anyone ever

I can't imagine anyone ever listing to LIESman.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

LiESman knows he isn't being honest.

He knows the truth. I have seen him make that realization but he disregards that probably because he is bought off by the FED's financial over grasp.

Liesman Brags Of Being First To Report On The Financial Crisis

Peter can brag of being one of the few to predict it.

"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard

LIEsman is such a fucking

LIEsman is such a fucking tool! He never learned a thing when Peter schooled in the 2008 crash

End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

People never listen to the one that is right.

Because the person who is right is so often saying what people don't want to hear.

Good video, thanks for posting.