Video: Peter Schiff Schools Them On CNBC's Fast Money

The Peter Schiff video has been removed for violating the terms of use;(AKA: telling then truth)

I doubt if the dollar would just fall like that. The dollar is strong. If the euro experiences what the dollar has experienced, I am not sure it would still exist.

Rami
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gold was priced in dollars, it's traded in dollars and so we all look at it as the dollar price, and the fact that gold has not made a new high in dollars during this economic crisis has led some to believe that maybe it's lost its luster, it's not a safe haven. But this rise of the dollar is very suspicious to me, I don't think it's justified. But it's been the unlikely beneficiary of all the problems.
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Raaj
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…represents the foolish ideas Americans are constantly presented.

Nobody seems to want to think for himself anymore.

--Cliff, Sioux City, Iowa
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My reasoning sounds pretty reasonable to me.
Secret key to happiness: Stay happy. Shhh!

Like the title states...He is schooling them!
He should make them raise their hands before taking their question.

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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with his inflation call. It's really too bad.

Just my opinions.

I think he shoulda ended with, "...and I been dead on so STFU and recognize BIOTCH!!!"

"I tremble for my country when I reflect that God is just, that His justice cannot sleep forever." - Thomas Jefferson

Watch this on CNBC, guest mentions PPT (Plunge Protection Team - an actual government working group - http://en.wikipedia.org/w...) and commentators pretend they never heard of the working group and accused him of conspiracy theories.

http://www.youtube.com/wa...

WTF?! These guys report the financial news everyday... and they never heard of the PPT!? What's in it for them... or GE?

Wow! Superb performance. Schiff dominated the court.

ac

liberty yields harmony; tyrany yields chaos

what did he say?

"at least we pretend to be free market guys"......?

is that what i heard under his breath as peter took the conversation back over at one point?

is that really a rational worth paying for on major tv networks?

holy shit i'd shoot myself if i had hired that shit.

That bald idiot doesn't seem to understand that forced liquidity is what's causing the dollar to rally. He seems to determine climate by fathoming the weather of the day.

he really looks like he's lecturing them!

thanks for posting.

Gold has spiked up $35 in 4 hours.

Our man Ron Paul would have won the race, and he had this dude at his side to tame the economy and put the fundamentals back in order. These Wall Street creeps are still living in a fantasy world of denial. Either they just don't get it, or they get it alright, but don't want to give up on the "party 'till you puke" attitude. I said it all along, if the Ron Paul campaign would have organized his "advisory staff" and started naming names of people he would be using, the opponents would have had to invetigate and question. This would have led to much awareness and eductation. Actually, now it's a little disheartening to hear all the comments about Ron Paul or Peter Schiff being "right all along". We're just left with "what if?"

i live in Indianapolis, IN and i'm sick of being surrounded by idiots. i'd like to open up my front door for once and have my neighbor say "hey Big Naughty did you catch that article on Lew Rockwell yesterday about the Federal Reserve?"

i'm hoping they can hold this phony economy together long enough for me to make the move to New Hampshire next fall. i don't want to be stuck here with all these morons who think Obama is going to wave a magic wand and fix everything.

as others here have commented, it's amazing that such dumb morons are giving financial news - but that represents how intentionally dumbed down Americans are. The bald guy calling China 'communist' while 90% of our manufactured goods have been sent over there by our corporations/gov't and while our banks are nationalised and our country is bankrupt financially, morally, partiotically, etc. He should be clubbed for being so dumb.

Also, check out Bob Chapman and Robby Noel for other good money men.

USA is dead.

did you notice the bit around 1:15 where one of the commentators said "other than that Mr. Lincoln, how did you like the play?!" - what's that supposed to mean? What exactly are they insinuating?
Lincoln took on the bankers and he got himself assassinated - Peter is noted for not being a fan of the Federal Reserve - what's gives?
Or am i just reading too much into this?

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“The Roots of Violence: Wealth without work, Pleasure without conscience, Knowledge without character, Commerce without morality, Science without humanity, Worship without sacrific

Well, that is about as much good talking time I have ever seen them give ole Peter without horribly trying to step all over him and cut him off.

He is AWESOME!!!!! Peter should have bitch slapped each and every one of them! Except the girl of course.

I'm no economic expert but one of the morons on that show actually said that the dollar is better than the Euro. Does that idiot ever look at currency values?

USDEUR=X 1 Nov 21 0.7971 0.7971 0.7971 0.7972

Either those knuckle heads work for the CIA or they still can't admit the dollar is weak. At one point earlier this year the dollar was trading 1 Dollar to .63 Euro. CNBC is the same network that has Cramer. Cramer the Friday before Bear Stearns went bankrupt actually told his viewers there was nothing to fear about Bear Stearns...lol

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I could listen to this man talk for an hour straight and not be bored in the least. Absolutely fascinating!

but can he feel our pain? ;-)

http://www.cafepress.com/...

Once again, Peter is surrounded by mental midgets. How does he put up with it?

-jcr

It brings me great joy to see these tools unsure of themselves around Peter. Even before they say "you are wrong", they have to start with "well you have been right for two years, but..." Haha!

Too bad we are all going down with the ship.

I've learned a lot from all of you, the economic/pm/finance threads are always awesome to read. I feel that I've learned a lot since the days of JZ's oil thread (when I first started really paying attention). Keep up the discussions!

Still hoarding my silver...

"The sinews of war are infinite money" ~ Cicero

The dollar will collapse. But local currency based on food - not gold - will go up.

PETER... MR SCHIFF, PLEASE TELL ME WHAT TO DO!!!

If I have 3,000 that I can do stuff with, do I buy canned goods, gold, silver... WHAT?

I have no credit card debt and all my other debt is secured.

I have little danger of losing my job... WHAT DO I DO?

“Liberty means responsibility. That is why most men dread it.” - George Bernard Shaw

wants are unlimited, means are scarce...

dugg it!

"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

#69 :o)

http://digg.com/business_...

Ron Paul's Convention Speech

"Shut him up! We have a lot invested in this ride! Look at my furrows of worry! Look at my big bank account and my family this has to be real..."

"I tremble for my country when I reflect that God is just, that His justice cannot sleep forever." - Thomas Jefferson