July 4th Employment, stock market sell -off, trouble for dollar & treasuries
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fastfreddy916 on July 30th, 2009
government is worse though. no competion government. so government is wastful and political and corrupt in nature.
MillionaireMarket11 on August 1st, 2009
You make a compelling argument, Mr. Shiff.
Bankingcartel on August 1st, 2009
If Peter gets $100 in campaign donations from everyone that has watched this video already he will have over $1.5 million dollars.
I have $100 to send ya.
joescarafone on August 5th, 2009
Sounds like we’re on the same page. What a mess?
Pnkbong on August 7th, 2009
The last thing I want is a company like Enron running my city’s sewage system.
Igor707 on August 8th, 2009
“They [China, Russia, India...] can let the dollar sink” says P. Schiff. Yes Mr. Schiff I guess that US government would agree with you this time. I bet that US government counts on that. How else could US get rid off its huuuge debt? At the same time USA destroys savings of dollar holders and that means of the whole fucking world. If USA gets its way out of the problem in this dirty way I think no one will have any business with them for the next 1000 years.
docmoriarti on August 11th, 2009
“monitize the debt” is the phrase that’s currently used to describe instances when FED buys up treasury bonds. When bonds are bought by surplus of economic activity, it’s savings. When it’s bought with an institution that issues money (by lending it), it’s pure inflation.
VoteAwards on August 14th, 2009
RIP Michael Jordan! Your name will be remembered FOREVER!
new01 on August 15th, 2009
Zimbabwe has a 100,000,000,000,000 dollar bill, I don’t know of any country that doesn’t have a reserve currency.
Nickelodeon2002 on August 16th, 2009
“Borrowing” from China is happening via the sale of US bonds which of course involves interest. Monetizing it(printing) involves expanding the money base. So say you and I each have $1 dollar and want to buy an apple for $1 dollar.”Joe Gov’t” comes along and says “I want an apple too!” and prints $1 up without working for it.What just happened to the value of the money you and I just worked for? (It goes down-naturally).That is what Ron Paul calls the “hidden tax” or “inflation tax”.
sirjames45 on August 18th, 2009
Pure truth in this video!!!!
ion1984 on August 21st, 2009
revelations is the best place to find well proven predictions about the course of the future. its all there.
this guy is right about the founding fathers, one of the main reasons for the revolt was the PRIVATE control of the money system from the central bank. we now call that the federal reserve and they should have done more to prevent that.
ntlfr8 on August 22nd, 2009
I hope someone will read Revelations – one world government prophesied – one world leader – antichrist to rise.
etbitmydogucf on August 23rd, 2009
Thanks. I had heard two sides to this story. The other is that in the current economic situation we will see deflation as a result of no lending so if we print money we can try to stabilize it although what we are actually seeing as a result is stagflation. So what would be the difference between borrowing this money from China vs monetizing this debt? Aren’t both very bad? If we borrow it we have to pay interest.
I hope somebody makes a financial learning channel.
michaelpshipley1 on August 24th, 2009
its when the federal reserve prints money to buy government debt. its a bad thing to do because it inflates the money supply which eventually makes prices go up.
basia056 on August 24th, 2009
It means printing money to pay the debt.
etbitmydogucf on August 26th, 2009
I need an economic background to understand this guy. Can anybody enlighten me on what it means to “monitize the debt?”
etbitmydogucf on August 28th, 2009
The stimulus is stupid, but portions of the bailout aren’t. If the bailout was targeted at funding more basic research for disruptive products such as new energy methods then we would have more goods to sell.
Steenville on August 30th, 2009
“Economic sedatives”.. yep, correct word there, Schiff.
nyteaparty on August 30th, 2009
I try to explain this to people and they refuse to “get it”
owenander on September 1st, 2009
lawmakers love deficits because it allows them to tax people who dont vote – children. politicians can pass whatever programs they want will little politicial retribution from those who are getting the programs without paying for them.
so I dont think politicians in the US or any world government would vote to make deficits illegal – unless their was sufficient political pressure from their constituents.
Zile77 on September 1st, 2009
Could it be that the dollar is being used to bankrupt the global economy, which may then lead to the global currency being created using the U N and/or the World Bank as controller? No nation could be allowed to run deficits as that would tilt the global balance. Governments would need checks and balances that actually work for their own economies to match what they receive in regulated global currency. And might this happen after another world war that seems to be setting up?
chairde on September 4th, 2009
It is also tied into politics and the fear that nations will collapse. For example today 140 Han Chinese were killed by local non han people in the western part of China. Coupled that with unrest in Tibet and there is a problem and it could lead to greater unrest throughout the country. So the dollar is stable and safe that is why the Chinese (Han Chinese actually) invest in America.
rationalCrash on September 7th, 2009
From listening to Peter Schiff and others who actually seem to understand economics, It’s pretty obvious that a US crash is coming. I suspect that it will look like the fall of GM. People will be in complete denial as the US oscillates it’s way down to third world status. I think that other countries (like Canada) will just slowly adapt and not really notice.