🔴 Trump is Growing the Bubble, NOT the Economy
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- เผยแพร่เมื่อ 9 ส.ค. 2018
- Peter Schiff on Fox Business 8/10/2018
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For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
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Last time I saw Peter on TV so much, the crash was near.
I haven't had cable in 10 years.
I don't think the central banks will let it happen yet, they will try to keep the scam going until sept 2020, to try and prevent trump from getting re-elected
but yeah ... there are a lot of bad signs out there; the crash is near
Carson Wentz I think its great that a star athlete listens to Peter Schiff!! GO BIRDS!! Carson made Philly great again!!!
Bingo
Carson Wentz...Last time I saw Peter on TV so much, he was screaming for you to buy gold at the highs $1800-$1900...lol!!!!
Hey, Peter got back invited to the news fox news, that means something is brewing.
His TV spots are a leading indicator.
I here ya Schiff
Get em!!!
Pablo Pina. The bubbles are starting to pop
Zachary Thomas its more like we are the ones who were passed out drunk and woke up when the thing snapped in half. Well not us...but the rest of the masses.
They need bears. They know it's a bubble.
Herb Levin That's not bubbles popping, that's the sound of champaigne bottles in celebration of this great economic recovery thanks to this president! Making 'Merica Great Again!! [ end sarc ]
Bearded Peter Schiff is unstoppable.
indeed, that white beard is fabulous.
😄👍💖
😂😂
and you know he reads the comments ... that's why he stopped dyeing his hair ;-)
Bearder Schiff
Peter schooling another high school student. Peter, thanks for popping his pimples.
That pimple line is so funny. Haha
😂😂😂
That guy knows schiff is right , they all do, especially his highschool girlfriend, the Fox News anchor
always nice seeing Peter take these young college graduates back to school on air.
Everyone sounds like they are coasting around in neutral, when Peter answers a question.
He is thinking global, and exposes their smoke and mirror game instantly!
Careful or Space Force will come for you!
LMAO
If the economy is so good why are interest rates so low......
2% ... and you call that high ... hahaha ... you're so brainwashed
Donald Holcomb
I was there and agree 100%, at least you’re savings will earn interest. I’ve learned to trade options (sell). So I don’t care if the market goes up or down. I pitty those who are fully invested. I was in 08 and got killed, I can’t afford that again I’m 64.plus I hate the stress lol.
Truth
.... sounds like you updated your poster to a Trump poster. LOL
Gar Leto yes, that's what I keep wondering. If the economy is so great then interest rates should be back around historically normal levels and there should be budget surpluses. Budget deficits should only happen when there is a downturn in the economy.
DING DING DING! CHICKEN DINNER 4 U
Peter Schiff seems to look better with age...wtf
Botox
He's probably enjoying the fruits of his hard labour from when he was younger. Now he has kids he probably wants to take care of himself more and spend more time with his wife and kids. Also great genetics.
Beard
"Men age like wine. Women age like milk."
Agreed, I was disappointed when Petey stopped giving beauty tips. Too bad his 6 month old child didn't even care if Petey dyed his hair. He did give us some sunscreen tips. The "key" to youthful looking skin is to use kosher sunblock.
To a Keynesian, the bubble IS the economy; The wagging tail IS the dog; The cocaine IS the engaging conversation.
and this is their poison; www.shadowstats.com/imgs/charts/employment/employment-participation-rates.gif
Gee Willickers Those in the central banks who call themselves Keynesian are nothing of the sort. Keynes policy was totally different. They are neoclassical economists and Peter Schiff is spot on re the actual state of the economy. I am not an Austrian economist but I do see the same economy as Peter. It is a bubble and overdue for collapse.
Unemployment rate depends on who you count.
Dennis W amen
If u r trying to say that we have the same or more unemployment since trump, u really are smoaking the legal weed.
If the economy is doing so good, why aren't we paying off the debt ? If deficits are rising due to job creation and consumer spending, why isn't personal debt going down ? If people looking for jobs are less than jobs available, why isn't the wage growth substantially higher ? Overall, if we're doing so good, why do we need more stimulus (Tax cuts) ? Shouldn't the businesses in this great economy be asked to pay higher taxes, so that the debt burden is reduced in golden times? Well, the truth to all the above is that Peter is right and this is all a bogus game with rigged markets, rigged numbers and rigged people.
Ali Hussain its time
Ali Hussain Facts
We never shrink the deficit because there is always a reason to keep or increase spending.
Kubomi But Trump is increasing it at a faster rate than Obama ever did.
The deficit doesn't matter since we can just keep printing money, right? And any country that refuses to take our money or buy our bonds, we can just blow them up, right?
Poor Kevin was in the seventh grade when the first round of “Peter Schiff Was Right” videos debuted.
I'm feeling dejavu
Yup. Just like the mortgage crisis we have ignorant investors who think the good times will last forever. And we have the paid smucks that go around telling everyone that everything's ok. Just keep giving us your money. Nothing to see here folks. Even "ordinary" citizens are waking up the fact that something is terribly wrong as we watch the American dream completely disappear as wages remain stagnant and the quality of jobs continue to decline. There's an obvious disconnect between wall street and main street. We are near all time highs while at the same time breaking records for the amount of people slipping into poverty. The capitalists will continue to tell you how good everything is until the dominoes begin to fall. This disconnect is what we call a bubble. Both sides can't be right. And I'm willing to bet that, one again, it's wall street that in it and still pumping it full of hot air because it's profitable. At least for now...
Hey He is back on TV, not a good sign! ;)
They always love to laugh at you. At least they are starting to bring you back on these shows.
The laughs will just make the 'Peter Schiff was right pt.2" video so much better.
When Schiff is on TV, you know the time is close.
Well if you look at the money supply rate of growth, it's been slowing down, first thing that happens is a slow down in the growth of money supply
Peter Schiff will be right again.
Adrian FC82 a basic understanding of economics shows he’s right. It’s not even a debate.
Anti Hoax Machine again...🤣
Peter is right!
The trade deficits are pathetic in America.
This guy is predicting economic collapse every day for years. No shit he gonna be right eventually. Doesn't take a fucking genius to tell you there will be a recession in the future. Ask him when tho. "Soon" he's saying this for years.
@Okay what about all those that never even saw it to begin with.. this dude hot worked and now here we are with a garbage economy.
This aged well.
Look at this KID... LMAO.... He was in Middle school the last time this happened, he has NOT a clue what is coming. He is living in the "what if" land of unicorns...
you won't be buying no iphone + car every year if dollar loses status
u won't be funding no pacific fleet to counter china
Barry Calvert he has no taste in sports coats
when you say more freshwater than any other country on earth.. you meant you Didn't have more fresh water than any other country right? because i mean.. you definitely don't have more freshwater than Brazil, Russia or Canada.. thats a pretty easy one for you to realize.. its right next to you.
@Truth yeah right. You mean the eminent domain imposed on farmers, so the FED coulD step in and raise crowded chickens for fast food chains ?
Sounds familiar.
The Fed took plantation land after the emancipation proclamation and charged the owners full price and a tax to get the land back .
That is the real reason of the Civil war.
Also now you see the FED seizure of marijuana land .
They are regulating the fuck out of that too.
Now that everyone is force to buy medical the black market gets bigger.
More arrests more pissed off kids .
Good job FED . stupid fucks
@Truthi'm waiting for people to raise their double digit IQs, wake up and realize they have the power to elect good politicians, if they just research issues from a good source, not science fiction and phycology
there are 5 empty storefronts within walking distance of my work. the economy is not doing as well as we are led to believe.
shark air there are 10 new storefront opening in my area.Economy is doing very good.
Greg T then how do you know Shark Air speaking truth.
there are some places opening up. two new beer breweries located in local warehouses within walking distance. i,ve been to both. lol. the building across the street from me has been vacant for over a year. it is being torn down. it looks like a new building will be going up. spacex is next door t and that has helped a bit. but they have caused the rents to increase and the little guy is being pushed out.
Economy here in Phoenix Arizona is doing great and you can see now hiring signs everywhere you go 👍
Parmar Jigar Because that's what everyone is experiencing. because that's what I see in my neighborhood. don't make up things that everybody can see.
Trump PUMP. In Oz on a stockmarket show on the radio the talk was about Apple share price. It was said that $200 is a cheap price because in a few years it will be $1000. My God is thats not a signal to sell what is. So much is looking like a giant bubble.
Tv networks should have Peter on more often... Right or not he is very entertaining.
The other two were entertaining in their inability to address or respond to anything Schiff was saying.
Truth what has he been wrong about? the financial crash he predicted?
Well if you're reading this it is 2020 and what Peter says still holds true. Except the crash coming will be blamed on Covid 19 rather than the government spending
Peter keeping em honest best he can. Do bad 90% of nation couldn't care less about reality of our economy or debt
If you watch the News in America you have to take everything they say in the context of the bias they have. It's like asking someone from San Francisco if NBA Superteams are bad. They're obviously biased in favor of the Warriors acquiring All Stars. Whatever argument they give you will be flawed.
Peter Schiff is not a typical partisan shill. He approached the question with data, common sense, and economic accumen.
"A broken clock is right twice a day" seems to apply to Peter. The other guy is biased because his title is "republican strategist." The truth is probably somewhere in between. Do your own research. The truth is rarely pure and never simple.
Keeping em honest was referring to THIS video and the job numbers and fact this admin, like the last 2, has increased our deficit even further...you ran straight to how he is crazy about economy failing and buying gold so clearly your comments are regarding things outside of this video. I dont see why he is wrong about anything he discussed here.
Truth I must be dumb because I couldn't make out which part of the interview you think he's wrong about. Do you feel the deficit hasn't gone up? Or that the unemployment numbers are more accurate now than they were in past? Do you have a problem with what he was talking about in this video? Or just feel his character and record is so bad in your mind that everything he says is irrelevant to you?
Truth well i interpret all the fatcts peter presented in same way as he does here. But guess I would be biased since I'm unemployed and can't find a job I'm not grossly overqualified for. Hence why I can respond to youtube comments in middle of the day. Lol
workin p/t at dollar general,walmart is now considered great jobs...lol
I hope u dont think that's because of trump. That has been a staple for the last 10yrs
What middle class jobs have been created? What jobs have we brought back from overseas? There isn't any. Its pretty obvious we're in a bubble that was blown up by everyone speculating Trump was actually going to fix things in Washington. The real question is how many more wild ups and downs can this roller-coaster take before it derails?
Manufacturing Jobs Up 400,000 Under Trump; +37,000 in July www.cnsnews.com/news/article/terence-p-jeffrey/manufacturing-jobs-400000-under-trump-37000-july
Trump has already achieved his objective; which was to massively reduce taxes for corporations and billionaires like himself. Corporations will pocket trillions in extra profits now. And those profits are paid for by debt that the US tax payer owes (the corporations are not on the hook for that debt at all). He couldn't care less what happens to the rest of you losers...MAGA!
Michael P. Shipley Not a pretty good number...
He promised a bigger number...
Plus some jobs hace been lost bigly... Is not a good indicator.
Michael P. Shipley you people don't get it do you? More warehouse jobs are being created that's it especially here in Pennsylvania they basically want everybody to be a slave and work for corporations that's why so many manufacturing jobs are being created don't you see that they want everybody in warehouses packing boxes full of stuff to make corporations money that is not creating jobs that's creating slavery like conditions don't play no more warehouses than they are schools that's all I see is presents and warehouses to me that's green slavery
This is such a Virgin - Chad scenario
Hey Fox - you never learn. 😂
I love the chuckles at the end..’it’s like “ yea f@&k you” lol
Very formal Peter. Great performance as usual
''There's big trade deficits, where does the money come from?''
''It's coming from jobs''
What a hack. Did he even finish high school?
Peter right, economy not growing and wages are not rising, however the price of everything else is rising and the American people are paying the bill. Rich getting richer poorer getting poorer.
Peter, he didn't know what numbers you were looking at. Ha!
Peter, you should brand yourself as America's Top Economic Expert and challenge anyone who wishes to do so to refute it.
GDP numbers are a joke
Lol watched the kids smile melt and then he literally disappeared xD
How many people are paying attention though? Lol
10s for answer...constantly interrupt wonder why youtube is killing traditional media.
They've mastered the art of keeping you there to see the MAXIMUM ads possible. It not about info, it's about keeping people in their daze for the next bill payers' messages.
Peter is a truth teller.
The key number for the debt repayment is the number of net taxpayers. The number of net tax payers is about a third of the number of taxpayers.
That means that the debt per net taxpayer is about 3 times the debt per taxpayer.
Only net taxpayers can pay back the debt.
I agree with Schiff. Good employment numbers don't mean anything if the jobs aren't worth a shit. I worked a quarter of a century at a Bank of America Facility that in my first year employed about 4,000 employees with middle class jobs with fringe benefits and pensions. The last year before I retired there were less than 500 employees with a lot of Independent contractors with no fringe benefits and 1-year contracts. In other words, no job stability and no provision for retirement. I'm just grateful as a baby boomer that I got in with a real middle class and not this house-of-cards phony economy.
Nice to see one of these discussions where they aren’t talking over each other.
Geez these tv networks never tell you the truth
At what point does the debt just destroy and default everything. Can’t do tax cuts, print money, and debt forever....
She should have said, the unemployment rate is unbelievable fake.
Spending money on imports, is never good for a country so deep in debt.
i appreciate the respectful disagreement. i wish more interviews ran like this
Peter looked offended yet not suprised when he saw who was going to debate against him
The unemployment rate is unbelievably HIGH not LOW.
Seeing this today with two consecutive drops in GDP...this man knows the economy like a physician does the body. Specific factors bring about specific outcomes. And he knows to consider all factors beyond partisanship. Thank you Peter for the years of honesty.
You still have people saying the tax cuts will pay for themselves.
As the Irish prime minister said just before the crash “what crash, things were going to get boomier” when he was ask about a potential crash in the economy.
Those that have an investment in the boom, are the last to see the crash coming.
Great job Peter. Kicked the guys butt who’s head is in the sand
Whether it is an individual, a business or a country...this kinda of enormous debt will, sooner or later, lead to an implosion.
Peter looks and sounds Sharp . Love that they are letting him back in the media.
Even if u disagree with peter he’s literally calling things out the way Trump did. He’s holding things under the standard trump did before trump owned the bubble.
Peter is right anyway
But even if u disagree he’s literally holding things to the standard trump set in campaign
Peters right either way
I am a full time workers but need another full time job to be able to live but can't find another job because ironically there are no jobs.
I got my job back in the day circa 2005. All the jobs within my company are now part time and people get so few hours a week that they quit.
False optimism.
Peter Schiff is an actual fiscal conservative. I hope everybody, regardless of what political team you align yourself with, recognizes and appreciates that.
@Peter Schiff, some of my clients work very closely with some of the counties here in Washington state. They all said the same thing about unemployment figures and most figures in general, Democrat or Republican - the numbers are skewed by moving people from the unemployed column the disability column, essentially. I am willing to bet disability has skyrocketed. The numbers mean nothing, because they're all lies.
Everything is like a bubble!
the schiff is back and going to devour the kensians fools
These employment numbers are not based on actual jobs created. The numbers are based on a mathematical algoritm.
Peter don't forget to mention the personal debt and how it compares to 2008
very interesting perspective Peter! I would LOVE to see what the outcome is!
You know its an old video when national debt is still 21 trillion
Thanks for the real perspective Peter Schiff. Always come to the channel to see what the deal really is within the economy, because I don't know too damn much. I appreciate the education.
Right on, Mr. Schiff, right on
Good job Peter. Well spoken.
Living in the basement😂😂😂😂
just 6 minutes? come on..
It was actually a 10 minute piece but 4 minutes was Petey explaining why he is right even though he has been wrong for 10 years now. It was nice of Fox to at least put >>> To hear Petey's excuses, go to his Utube channel....in the credits.
@Joe Justjoe
Shhhhhh hush.
Peters been right,he just could never have anticipated that this charade would go on as long as it has.
The time of trolls like you,Lacus,and Truth is soon ending.
too bad...
Awesome job Peter Schiff. Can't believe they let you on the television,lol.
The debt of USA is in dollars and USA have the printer .What is the problem
more people living on the streets and more people living in cars and they all employed
Thanks Liz !!
1:15 her face says it all 😂
Remember that Trump negotiated a trillion of new investments from Asia, $500b from Saudi Arabia, and has enabled US cos to repatriate several trillion in offshore funds (Apple alone just brought back $350b). These tremendous events along with the tax rates cuts and reduced regs is massively different than the situational under Obama and will make the US economy skyrocket, but it takes time.
And wages are still stagneted ever since the 80s
Hold on...We had to borrow to pay for the tax cuts..I was under impression we would just cut medicare,ssi,medicaid.
Peter you are my hero ! Right on the money my friend
I still cannot understand why Peter doesn't see that there is such a thing as 'diminishing returns' on government tax revenues. That is to say tax rates can be so high, that a lower tax rate would actually increase tax revenues.
anytime they laugh you know they are in over their head.
....Budget Deficit for 2019 is going to be $1 Trillion
The titanic is sinking, but the band is still playing...
Good job 👍🏼👏🏼💪🏼
If you go back to 1969 you'd also see the Labour Force Participation rate is as low as it was then...
since when is he back on TV?!?!? If that isn´t a significant indicator...)!!!
Two kids looked at a pile of manure . One said horse shit , the other asked where is the pony ?
Cherry picking the good stuff only lets them off the hook for all the government spending and debt.
pretty sure people just don't understand that the unemployment rate is just another thing that can be "fooled" into looking lower when in actuality, it is, yet its bad jobs. its jobs of places with high turnover, its minimum wage, its creation of the shittiest jobs in the country. so ya, boast rates, but don't deal with the reality of it.
I wish someone would look at the year over year receipts from the IRS. We should see increases if the economy is good. I don't know what the numbers are but it would be interesting to see.
Go get them Peter !
i go up central ave in albany/colonie n.y every day no new businesses opening up same ole same ole the economy is not booming!
People is one thing. Government is another.
The title should be:
Mr. Schiff taking some kid to school
Peter is on it. People have more opportunities, but also digging deeper into debts as they see income growth.
Yes the participation rate is what we need to measure.
Great job Pete!
Ive been saying this for months, numbers are all bullshit smokescreen because i cant even get an interview and i aint homeless.
PS is a straightforward talking dude, I hope his predictions comes through one day and I would be loaded beyond my wildest dream
Truth I'm buying heavily into silver/ gold coins, cannabis stocks, Globalive AI Blockchain technology and into cryptos which I thought is a ponzi scheme, an illusion of wealth . If you don't protect yourself and ya family, well, most Americans will end up in a WEMA camp and Europe is now building the walls to keep the yanks out. A greater 1929 world economic depression is knocking at your country door . American economy is as dead as a dodo and Dotard Trump is still faking it because he's a pathological liar and a political cowboy in English sense.
you're right I agree crypto is risky, there are many scams in the space right now when there are so much hype around. But that's not to say the technologies behind some solid coins are bogus. You are mixing up a bubble with a ponzi scheme. Anything speculatives can turn into a bubble whereas a ponzi scheme often associates with goods/services that has little or no intrinsic value and fraud layering systems. Take the Dot com bubble as an example, the hype turned it into a bubble but the internet (tech behind) remains valuable. This is very similar to what we have with blockchain which is going to be mass adopted within the next 5-10 years