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Peter Schiff Exposes Janet Yellen and Complicit Lying Media (Video)

Peter Schiff exposes Janet Yellen and the lying media. It's fun watching.

http://youtu.be/rfLlF1vtit8



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btw

33% of all welfare recipients are from Kalifornya

donvino

Oh, i get it, they hired her

Oh, i get it, they hired her for her ability to double speak, to say something that actually means nothing, to give the impression of change, without commiting details, to continue their "authority" without interference from an informed public.....maybe she is, maybe she's not, but if she is, she'll be in good company, thats for sure

Rockefeller

She looks to me so much alike old David Rockefeller. Doesn't she?

Janet Yellen on inflation- "She is concerned!"

The Wall Street Journal cites Ms. Yellen’s “record of concern about excessive inflation” as a positive attribute. This is a foolish statement. Her concern about inflation has not prevented her from advocating inflationary money printing schemes like QE. Extolling Ms. Yellen’s “concern about excessive inflation” is like praising a kid playing with matches in the woods as someone who is concerned about raging forest fires.

http://smaulgld.com/negative-interest-rates-and-janet-yellen/

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Peter is AAA+ on macro trends

Don't get mad when guys like Peter call a market move and the herd mocks him. That's how you make a fortune! You need the herd to be wrong so you can profit!

I love Peter, but following him isn't always profitable

When gold was $1900 an ounce back in 2011, he was calling for it to go higher. Also in 2011, he was talking about how gold mining stocks were an amazing value. As the price of gold declined about 20%, gold stocks have fallen about 50% over the past 2 years. I know this quite well because I do follow Peter Schiff's investment advice, and I have lost a lot of money over the past 2 years.

Yes, Peter Schiff is right about some macro forecasts, but he has an awful record on market timing. In addition, you have to take his macro forcasts with a grain of salt by realizing he is permanently bullish on gold and oil, and permanently bearish on the US economy.

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis

No one can predict the short term.

I am convinced the guy understands the fundamentals and their eventual consequence. Any money you put in gold should be at least 5 to 10 year money.

I'm not in it short term

It is just that it sucks seeing purchasing power disappearing month after month for years. I continue investing every month, but sometimes I feel like a sucker using the Martingale betting strategy on blackjack. Every time I lose, I just double the bet and double my losses. The commodities and precious metals sector has not been a great place to be lately.

I'm a glutton for punishment, though, because even I am telling people that mining stocks are a great buy right now. Gold mining stocks have been beaten up so much that they are value stocks. Some of them have dividend return rates better than major integrated oil companies right now.

The wildcard is gold market manipulation. Fraud in the comex is driving gold miners to the brink of bankruptcy. I'm convinced the tide will turn, but maybe it won't.

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis

What I don't understand about

What I don't understand about Peter is that he never discusses gold market manipulation. Does he fear being labeled a conspiracy theorist?

If It Helps Any

I'm in the exact same boat as you (though I have bought dips, I'm can't say that I'm using the Martingale strategy since I haven't had that much $$$ to invest since my initial mining share purchases). I still think our approach is going to be a winning one. I'm more fearful of other factors like a windfall profits tax, confiscation of money in accounts, and also black swan type stuff (which I think is a very real possibility).

Sure, but...

Hasn't there been some outside manipulation in the gold markets though? Perhaps without that manipulation, he would have been right. I'm sure there's other examples, but this recent one comes to mind:

http://www.dailypaul.com/302138/800000-ounces-of-notional-go...

,

Man, it's so infuriating to hear those smug assholes at the end.

Thanks for sharing tho. Good stuff.

The people laughing at Peter are the Baghdad Bobs of investing

The same people who were laughing at Peter, as he was brilliantly predicting future events back in 2006, are still on the financial MSM TV shows! It's amazingly clear from viewing this that the financial "experts" are there not to tell us the truth, but to tell us what they want us to believe.

He acts like he jusy cant understand why lenders keep lending,

But he won't come clean on who owns the media, why the dollar hasn't collapsed yet(the petrodollar), and doesn't really complain explicitly about how much the military industrial complex controls our foreign policy.

Séamusín

Why the downvotes? ^^^

Anyone care to openly disagree? Look I listen to Peter Schiff everyday, he is probably the most accurate, concise, and intelligent commentator on the economy there is.

I'm not saying he's wrong or lying, just that he won't talk about the petrodollar. Check out Peter Schiff on YouTube talking about it. He refuses to discuss even onr bit how foreign policy and the petrodollar
are connected. I even asked him on his show. He got all shaky and nervous sounding and said the same thing he said in his little petrodollar video blog.

Even when I directly asked "is the reason that people are willing to buy US treasuries because of the petrodollar?"

He just kinda changed the subject, and hung up on me.

Séamusín

Petrodollar

Like you, I listen to him every day (and have for a couple of years now). He has said several times that the USD being the reserve currency has increased demand for dollars. And he cited oil in his example (e.g. "if Iraq trades oil with China, they do so in USD" - note that might no longer be true). He said he thinks we will no longer be the reserve currency (at some point). So I feel like he has addressed your question. What am I missing?

he wont address the fact that our middle eastern policy

And the wars of aggression that we engage in, is directly related to the petrodollar scam. He won't address that our interventionism in Iraq, Libya, syria, and Iran has the sole purpose of maintaining this system.

Séamusín

So what? His focus is on the

So what? His focus is on the US economy with tangible data points he can use...not on the failed foreign policy or the reasons for it. Its not like there arent plenty of other countries that arent the reserve country that lives the same was as the US...All of Europe for example...central banking, fiat currency countries that produce nothing. Its all irrelevant to him because to get into it would dilute his message and hurt his credibility(would make him seem a tin hat conspiracist...whether right or not it would give his opponents fodder to dismiss his economic message as baseless)

look, i said it already. i love peter Schiff

I listen to him everyday. He is 100% right. I just wish he would come clean. Foreign policy is the biggest reason the shit hasn't collapsed yet. He doesn't have to talk about it all the time, but dont beat around the bush and change the subject.

He is the best economist I have ever listened to. I never insulted him, discredited him, or refuted him.

I just pointed out that he doesn't call out the role foreign policy plays in our economy. He shouldn't just ignore it when it's the prop that's keeping the whole thing afloat.

Séamusín

LOL....Worst Choice....!!!

Gotta love Schiff....

Peter's word is as good as

Gold, Boom

Petey is a thorn in the side

Petey is a thorn in the side of the establishment.

SteveMT's picture

Yup, just like Ron Paul.

Both are thorns in the sides of establishment apologists.