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Peter Schiff on Morning Joe 3/25

Another great performance.


Jon Meachem: "Is this just the Adam Smith argument".
Peter Schiff: "It's the free market argument, the Austrian argument, it's the only argument that makes any sense".

Mike Barnacle: "How are you supposed to save when you don't have a job".
Peter Schiff: "It's difficult".

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I think Peter Schiff would be a great guy to party with...

the man has it going on. My hubby thinks he is the coolest, and so do I.
This man has been on the mark from the start, no wonder Ron Paul has him as a financial advisor.

Peter Schiff's best interview!

“A wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement” - Thomas Jefferson

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WOW, I'm impressed with Mr.

WOW, I'm impressed with Mr. Schiff piece today! He didn't talk too much, but enough to get the talking heads give him respect. I totally agree with him too. The problem is half-assed so it needs to crash completely before it recovers from scratch. Apparently people acts irrationally during a crisis and this is just what we don't need. We already see strikes going around and this is just the beginning. I can feel the patriotism in the air! Where are my guns! We need our Republic back! We need out constitution back! Let's march!

The best part about this was

The best part about this was watching the reaction from Mike Barnacle and Meacham. It's obvious they have never heard anything like this.

Mark Norman

Remember this uber-ass Mark Norman, gaad what a pain it was to watch this nitwit! He was probably the worst of them. I took the time to run through Peter's videoarchive, this guy was an enormous douche. I marveled at Peter's patience, I would probably kick his stupid ass all the way back to looney asylum. Is he still on somewhere, haven't seen him for a while (not surprisingly I guess).

Save what??? FRNs???

So if the government did nothing. If this was all handled just by private and secret loans made by the privately owned cartel known as the FEDERAL RESERVE BANKING SYSTEM, Peter would be just fine with it. Because then his gold investments would continue to rise.

Spending what? The imaginary fiat money?

Beware false prophets or does someone have a link of Mr. Schiff actually denouncing fiat money. He has certainly identified the obvious, but I have never heard whether he thinks the system should be maintained or done away with. He identifies it neatly enough in his book, but he doesn't really care one way or the other he is going to profit either way. The pot calling the kettle black.

Keep cheering... Don't think about what he is saying one bit.


Schiff is no false prophet. In his book Crash Proof, Schiff has a whole chapter dealing with what money should be - and yes he denounces government fiat - he explains why governments benefit from fiat as well

Schiff is a big time supporter of RP, and his father was jailed for being an American patriot. Schiff is one of the good guys

I noted that, I even looked

I noted that, I even looked up his book again. However, he is on public airwaves continuing to say that people need to get back to saving when the primary saving mechanism at the moment for a large percentage of people is some unit or relative scale of fiat money, and the grocery stores are not taking gold for food that I am aware. The scale for which is continuously adjusted to keep the ability to produce surplus FRNs, as some imaginary symbol of value, in order to save them in the first place. People not saving is not the problem, the reserve banking model is the problem. Does he actually think people want to slave their entire life away? If people received real value, gold or whatever, for their time, then there would be ample leftover to save. This would seem to be beating a dead f'in horse around here in the case of Ron Paul, but here Mr. Schiff is on TV again saying that we need to get back to saving, when the same central bank slavery mechanisms have not been dealt with. This reminds of Neal Boortz saying if you don't make 250K a year you are an uneducated loser. As if the goal of all life in the universe is to produce an imaginary marker of FRNs.

Either way I have presented this argument a few times now with no redress. I'll chalk it up as having presented the idea and be done with it. The "dumb masses" that are hearing him are only seeing another investor in a suit and hearing him say that this whole mess is their fault for not finding some way to produce more and more dollars. Telling people to be more productive is not the issue, we should continue training to be more mentally and physically productive. Telling them to be more productive then changing the result of their productive time behind the scenes is the problem.

Reverse psychology maybe? Is he trying to get people more ticked off like a few other talking heads? That wouldn't be a bad idea at this juncture either...

He is a good guy, I get it. I have read his book as well. I am just totally missing the strategy of telling everyone to get back to saving at this point in time.

valid points

i agree that while interest rates are artificially low, why save? there is no incentive. by saving FRN's people are losing in the long term.

the lack of savings is part of the problem. but i agree 100%, the Fed is the main problem.

it is a tricky situation. the government and the fed continually undermine the efforts of the citizens willing to save. i would like to hear schiff touch on this topic as well.

Big Kudos to Joe Scarborough

Let's give credit where credit is due. Peter Schiff's understanding of economics is now well established, but needs to be disseminated. What Joe has done to give Peter the floor is beyond commendable - it's above and beyond the call of duty. Who would have thunk it, on MSNBC, the Obama network.

Schiff's and Dr. Paul's Austrian, free market economics common sense, must be disseminated. Americans need to be "de-educated," since they've already been re-educated at our "finest" universities a la Marxist and Keynesian "nonsense."

This will take several years, but Schiff/Paul followers can be comforted in knowing that we have "job security" in this effort. We must make it a career to make the "de-education" of America successful and victorious.

Needless to say, it starts with ceaseless prayer.

From the Treasure State, the land of Gold and Silver

"One Nation Under God"

From the Treasure State, the land of Gold and Silver

"One Nation Under God"

the guy at the end goes ..

the guy at the end goes .. realistically we are still screwed lol hahahaha

All paper money eventually returns to its real intrinsic value, zero. - Voltaire

I was just thinking...

the same thing!

Very good interview because the doucebags shut up for the most part and appeared to pay attention.

Excellent Job By Schiff!

On the money, as usual.

"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

Mortaging America's future

Mortaging America's future
for a quick buck

This video was originally posted in March of 2008

It's one of the most amazing displays of journalistic incompetence and malpractice in recent memory.

The US news media failed to draw the obvious connection between the bizarre federal law enforcement investigation and leak campaign about the private life of New York Governor Spitzer and Spitzer's all out attack on the Bush administration for its collusion with predatory lenders.

While the international credit system grinds to a halt because of a superabundance of bad mortgage loans made in the US, the news media failed to cover the details of Spitzer's public charges against the White House.

Yet when salacious details were leaked about alleged details of Spitzer's private life, they took that information and made it the front page news for days.

To the 9/11 fiasco, the Iraq War, the travesty of the federal response to Hurricane Katrina, and the shredding of the US Constitution, we can now add a deliberate and reckless undermining of the credit and banking system of the US to the list of Bush administration "accomplishments."

No external enemy, or group of external enemies, could have done as much harm to the nation as this group has in less than eight years.

Hey, do you think it's a coincidence that a Bush was involved the last time the US banking industry fell into a black whole because of White House-facilitated fraud?

There's actually a lot of money to be made blowing up banks. Here's how Bush Sr. and his friends in the Mafia and CIA profited from it the last time:

Bush, the Mafia, the CIA and the Savings and Loan Scandal

Banking - Bush style

Regular Brasscheck TV viewers know that throughout its second term, the Bush administration actively interfered with states that attempted to enforce their own state lending laws.

Bush & Co. used the Office of the Controller of the Currency to sue states like New York to stop them from going after predatory lenders.

Bush Jr. is not the first Bush to get "hands on" involved in shaping the lending industry to his will.

Many know that one of this brothers, Neil, was part of a spectacular Savings & Loan failure in the 1980s.

What far fewer people are aware of is how deeply the CIA, organized crime and, George Bush Sr. were involved in the Savings & Loan disaster which caused US taxpayers and estimated trillion dollars plus.

The term of art for these kinds of operations is a "bust out."

The scam works as follows: an organized crime group takes over a business, borrows as much as it can in the business' name, fails to pay vendors and then disappears with all the cash.

The Bush family and its associates in organized crime and the CIA have figured out how to run this scam on a multi-hundred billion dollar level using the entire US banking system as its playground.

When you consider that Reagan was probably out of it from Day One of his term and that Bill Clinton is a close associate of George Bush Sr., the Bush crime syndicate has been influencing when not outright running the executive branch continuously since 1980, which, perhaps not so coincidentally, marks the earliest days of the credit bubble the economy is now having serious trouble digesting.

World's Greatest Business

"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton

And bush promptly...

pardons the whole crowd of S & L scammers on his way out.


"Keynes is non sense, he's like a witch doctor, Keynes did not understand economics"

awesome !

Yes, That Needed To Be Said.

"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

Schiff is a Genius

It all makes complete sense. Very simple economics. For some reason many people just don't or can't get it. Marc Faber is spot on as well. We're doomed unless we get someone like Ron Paul or Peter Schiff to run this country. Without a viable economy you got nothing.

Give me control of a nation's money and I care not who makes the laws - Mayer Amschel Rothschild

I wonder

If the change in attitude toward Peter has anything to do with the tongue lashing Cramer got from Jon Stewart and if other venues will treat him with a little more respect.

If you don't share this with everyone, you're not doing your job

We can be pessimists and sit back and watch it happen, or share this with everyone, including people who you don't think will listen, and start building a reputation for expertise on the issue of money.

One way or another, people will be looking for new leaders, to get them out of this mess, and we have to prepare them to look the right direction, now.

Maybe we can head this off sooner than anticipated using the instant communication of the Internet.


What do you think? http://consequeries.com/

We are still...


I remember watching peter 3

I remember watching peter 3 or 4 years ago and watching those people mock him and laugh at him.. especially that first jerk that just sat and laughed. As everyone can see he has been exactly right. W e had that bump last summer where the dollar strenghtend etc but that was a bear market bounce.. we are seeing another bear market bouince right now with the stock market. If you are still in a 401k or ira etc I hope it goes up to the 9000 area.. then its time to bail. the next leg down will be dow 5800 or less starting this spring or early summer.. As Peter has show us.. the government is still doing the wrong things. we could see gold and silver decline, but from the next decline it should go higher breaking records.. it will be interesting to see what happens. Some on here like to say that Jim Sinclair, Peter Schiff and others do not know what they are talking about.. have you noticed lately how quiet the "optimists'' are? I'm just waiting for the trolls to start hitting the daily paul again as we get this bear barket bounce in the dow and start beating on there chests that the recession is over and don't panic all is well.. it is the exact opposite. we are now living in times worse then our grandparents and great grand parents did during the 30's and 40's.

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

That was excellent.

Loved how they showed clips from previous years.

Since this thread seems to

Since this thread seems to be the appointed discussion thread on the video I'll repost here.

Joe keeps babbling about how the people will demand that the government do something and that doing nothing is not politically viable. So many flaws with this argument.

#1. The smoking gun. The people arent ASKING for anything to be done! They're doing the exact opposite!

#2. There's nothing to be done, and a 5 year old could understand it. If Obama wanted to he could explain it in one speech and people would support him.

Ventura 2012

I agree... if that idiot

I agree... if that idiot living at 1600 pennsylvania would just come on and say ron paul is right so is schiff this is what we will do.. we will have hard times but the sooner we go throough the pain the sooner we are back on our feet. but ofcourse that will never happen.. barry soeto aka obama is in the pocket of the banks. the banks call the shots.. we are seeing the largest transfer of wealth in the history of the world.. this crisis was manufactured to benefit a few wealthy people who literally run the world.

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

It's starting to feel different

It seems like what Peter is saying is really starting to sink in. I think people are finally believing what he is saying, and hopefully they (the elites) start acting appropriately. How much longer can people like Bernanke keep ignoring the obvious?

Register as Republican and Vote for Ron Paul

It's feeling different, every day

Bernanke is doing what he is supposed to do. He represents an elite banking cartel (international in scope) that wants to control, first America, then the World.

Please don't expect the Bernankes and the Geithners of the world to "come around" to the common sense.

They have a job to do, which is to justify and obfuscate the real intentions of the fractional reserve, fiat money, central banking system, run by a very small group of owners with no loyalties to America or any nation.

The awakening is taking place among the American people, who simply have to check out of the system set up by these power elitists.

It's the battle of Armageddon, no less. The sooner people can understand and accept that, the sooner they will be positioned, spiritually, mentally and emotionally, to win the war, which is really the warring in the members within each individual.

First and foremost, make your peace with your God.

From the Treasure State, the land of Gold and Silver

"One Nation Under God"

From the Treasure State, the land of Gold and Silver

"One Nation Under God"

If I hear "Dr. Doom" used to

If I hear "Dr. Doom" used to described ANYONE again.....

Sheesh enough is enough.


The only thing DOOMed...

...is manufactured lack...