Thanks for the contact, petrol dollar worth paper value, unfortunately we no longer demand governments around the globe make money out of gold and silver real money
Thanks for the contact, Throughout history people used gold and silver for money and hopefully in the future all money around the globe will backed up by something of value. I want everyone in the world to prosper paper money will not allow this to happen.
USD is the Reserve Currency because the international finance digital infrastructure is mainly US based and owned (including: the internet infrastructure, satellites, sub-oceanic cables, clearing houses &c.). If this were not the case, we would have lost the USD as Reserve Currency status long ago. Add to this the huge sector of the US economy that is top secret Black Budget; and so is undeclared - and therefore, entirely off the books, as far as the Gov. Budget Office numbers go. The is the mysterious invisible "elephant" in the room that skews all financial projections. Just ask former Assistant Secretary of Housing, Catherine Austin Fitts.
Keep in mind these words of former Assistant Secretary of Housing, Catherine Austin Fitts: "When I was Asst. Secretary and then became a lead financial adviser to HUD, at that time, a lot of the information systems and payment systems were under the lead contractor - Lockheed Martin. They got about US$150 million a year just to run the core systems. When I tried to get data from the system (Lockheed Martin), I couldn't get it. I was the Assistant Secretary of Housing and I couldn't get the data from Lockheed. They could deny me the basic data I needed as a legal matter to run my operation and do my fiduciary responsibilities. The same thing happened when I was a financial adviser."When a lot of people look at the government, they see 21 covered agencies and a group of intelligence agencies. I don't see that. I see 5 contractors with a giant database and everyone of those agencies is a collection cup."Now when you go to the government, the government officials are not in charge. "You have a government that doesn't have information sovereignty and it doesn't have financial sovereignty."It's all being run by a small number of corporations"
It would be great to buy a unit of money that you could trade for gold coin on a fixed rate. Or a dollar with gold in it, or a coin with a gold center?
Freeport just closed a copper mine in Arizona. they were one of the highest paying jobs in this state 1400 jobs gone. No jobs in Arizona that are considered good. maybe Government jobs only! If you have money don't leave it in US banks.
exactly, it is kinda what disney world did when it began construction. Disney purchaed alot of land under many different names so no one would realize what he was doing and when markets did find out the price of real estate in the area soared. if your a buyer of gold the last thing you want is to give a reason for people to buy it and drive up the price.
luigi jimenez the government shows off when it is beneficial to do so just as most government's do, there would be little to no benefit disclosing how much gold they have if they are still buying it.
Ask a Gold Bug to tell you of a Gold Standard in history that was not corrupted and was this bastion of honesty they want you to think Gold will bring in now?
+DelbertStinkfester Perhaps they dismissed the three people that were supposed to be doing your job and are paying you the same amount to do more work instead. ;)
China doesn't report its true gold holdings. The US claims to hold 8000+ tons, but China obfuscates their ownership of 30,000 tons of gold all domestically mined since 2000. Also, China doesn't need to back the yuan with gold, they can propose a supranational currency supported by SCO and RCEP nations, and backed by all participating countries' combined gold holdings. That would doom the dollar. The US and its allies will have a hard time opposing an entire gang of asian countries. Anyway, I'm glad... I think the world needs to be colored a bit Asian these days anyway... the people of the world used to the Ametican way of doing things will just have to llearn and adapt their values and beliefs to dominant Asian worldviews rather than beating the dead horse of American unilateralism.
TO BE THE RESERVE CURRENCY THEIR DEBT MARKET MUST BE CAPABLE OF PARKING TRILLIONS FROM PARTICIPANTS - MAYBE BY 2035??? BUT WHAT DOES THAT MEAN FOR REMAINING GOLD-BACKED - DOESN'T QUITE FIT!!!
Why would they back the Yuan with gold when they artificially keep it low so they can export competitively and this will make Chinese goods super expensive and cripple their economy.
Gold also moves down when gov backed banks dump billions in gold on the market in the mid of the night to drive gold prices down. It is written as part of law that it is the gov job and right to do that. They have been caught many times lately doing that. Drive those gold prices down so that banks like the FED can buy up gold cheap so they can return all the gold that countries want back right now!
I have an idea, New holiday titled, "Gold Friday" where everyone buys gold this year and watch the prices drop! That's right, Gold manipulation shall be stripped of all coverings!
Seems likely Chinese learned from the US play book and will never back RMB with gold. They see what ability to create world reserve currency in any amount allows the US to do. RMB might become the same just by natural sum of forces, and then they can spend away.
I don't think China wants to be the sole world reserve currency to begin with. I think they want to reduce their exposure to the US dollar. While they have accumulated gold. Officially their gold ratio is still low compared to the US.
Gold-based Chinese Yuan? As a Chinese, I don't know what you are talking about. Chinese actually printed as much fiat money as the US did during the decade. The Yuan is even more worthless than dollars.
+Denis Parent Gold had a huge, speculative rise after the financial crisis as people worried that deficits spending, ZIRP and QE would lead to big consumer price inflation. They turned out to be wrong, as consumer price increases remained historically low in the years following the crash of 2008. For the past five years or so, gold has simply been returning back down towards its historical inflation-adjusted average. If the school of economics you subscribe to predicts that gold _should_ be rising right now, your school of economics is wrong and you need to switch immediately.
WE NEED CONSTITUTION MONEY AND CONSTITUTION GOVERNMENT....WE JUST NEED TO GET GOVERNMENT OUT OF MONEY....LET THE AMERICAN PEOPLE CONTROL THE MONEY AND FREE MARKET CONTROL
But Peter China has printed more fiat money than the U.S. the E.U. and Japan combined!!! So if they back it with gold how much will gold be per ounce to match all this fiat money? Now I have heard that 270 trillion of debt will be forgiven too. Anyone hear that yet?
Peter is not perfect however, he is right something is clearly wrong with the US economy and I believe they will not raise rates or raise it to a level that makes no sense. Thanksgiving were I live was dismal. I was praying since the climate is quite eery. Gold is going to spike big time as the dollar weakens in 2016 & QE4.
To all the MuthaFuckas talking gold, I hope you're holding physical precious metals instead of paper saying it's 6 months out... Sorry Peter for the MF'er :!
How much gold is there? No one knows or can ever know. How can there be any real value for something if you can never know how much there is? China is the least transparent economy, next to North Korea. No one knows who avtually owns the gold. Just holding it means nothing if it is only being held for the real owner. The gold standard is meaningless and always has been.
Gloom and doom as usual. If you keep repeating the same prediction, you might get lucky one day, of course. But don’t sell your farm for gold...you cannot eat it.
US reserves? What's that? You mean the private "Federal" Reserve Bank? The one where Germany went to get their gold back and simply got denied? That one?....yeah right.
@dare d So what? As a Chinese, I can tell you this is just a bluff. Even the Chinese government did not expect to replace the dollar with Yuan. China is still printing a lot of fiat money these days.
The Gold Backed currencies failed in the late 19th century and they will fail again, if attempted! The value of gold is absolutely speculative because nowadays gold is useless, the real economy does not need gold, the real economy needs Oil, natural gas, coal, copper (for industrial purposes) and other industrial metals, food commodities ( such as rice, coffee, corn, etc), glass, plastics, cotton, timber. Those commodities have real demand and real supply on the markets, therefore people and companies all over the world recognize value to them, having a currency backed by a basket of several commodities would create a much more stable currency, less prone to gold and silver price manipulations due to the large availability of the aforementioned commodities, therefore creating the much needed inflation-neutral economy that would equally benefit all: the lenders and savers, and the salary income dependents, who all suffer with inflation.
With Gold, China won't have much controll over it's currency as they do now. It's a country obsessed with controll. I don't think they need the dollar at all, but, that they will back their own currency with Gold is too much to expect.
Ameera David...I don't know, is it just me, or do any of yous' other guyz' have a hard time concentrating on jobs numbers and rate hikes when she's on the screen?
rob sol meening the dollar is collapsing yes. I already know what to do when this goes down. I know something that nobody thought about but I am not sharing. So you guys are on your own.
I am surprised the media is still interviewing Peter Schiff. Basically he has been saying the US economy has been in recession for the past 7 years and that gold is the only place to put your money. Well, his advice has lost his followers a massive amount of money since the summer of 2011 and will continue to do so until gold reaches $750 or even lower. And yet the same annoying voice continues to yell into any microphone that is put near him with the same specious message without ever admitting his fault.
You don't speak for everyone else what he saying is true! Sure we creat more jobs "temp agency"yeah that's right 70% temp agency jobs, more temp agency but no real jobs! Have you notice that temp agency grew rapidly is about 70-90% n there's no real job been created. Maybe there's only 10% real jobs that been created but still not enough we broke and that is the fact!
Dude. He has NOT said gold is the only place to put your money. In fact, he says about 10% of your assets is about right. He suggests a variety of foreign stocks, sound crrencies, and commodities.
Forex and bitcoin is the leading partway to the future. I wasn’t a fan of bitcoin till I started trading with Chris . This guy trading skills is top notch. Just received another payment into my bank account. I just bought my 3btc
![[#2024MAMA] BIGBANG (빅뱅) - 뱅뱅뱅 (BANG BANG BANG) + FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/EQsYfiPR9uM/mqdefault.jpg)
This has aged pretty good. China is stacking record amounts of gold and has banned all crypto
The host is so gorgeous and does a good job. Compare RT hosts to old farts on CNN, or MSNBC, no comparison.
+PunjabiSikhRajput1 I miss Lauren Lyster on that show. She was really good at what she did there.
+PunjabiSikhRajput1 meh, this host is stunning, I would not say that for most of the other hosts though.
+Chris P hate to burst your bubble bro but she is of indian origin
Hehe, every guy in here thinks the same as PunjabiSikhRajput1
Right, that explains why I can finish this clip, and read the comments.
Gold and silver is real money. Keep stacking!
***** It's going good. When the USD inevitably becomes worthless I'll be happy that I have my stash.
Enter the 'tough' talking troll with historical amnesia. Another mathematical inevitability.
***** Not soon, but it's coming. Do some research. Educate yourself, or be left unprepared.
Schiff said before Obama leaves office. We have a year
***** where did you get that quotation from Jefferson?
Thanks Peter for always telling the truth.
+FreedomForceUSe so you think the petrodollar is stable? & sacrosanct? LOL
Thanks for the contact, petrol dollar worth paper value, unfortunately we no longer demand governments around the globe make money out of gold and silver real money
+jonathan bosco wrong, Isis uses gold for money.
Thanks for the contact, Throughout history people used gold and silver for money and hopefully in the future all money around the globe will backed up by something of value. I want everyone in the world to prosper paper money will not allow this to happen.
+shadowberetta Obama is starting to interrupt oil movement. I wonder if Peter will move to the Califate?
It's Sep. 2017 now....
Time to revisit this video!
Schiff was right again!! Great prediction Peter
Wrong prediction!!!
Boy is this going to age well
Wow this didn't age well
Couldn't be more wrong.
@Knut Farestveit Huh?
@Knut Farestveit quite nicely.
What's the current exchange rate for gold backed yuan?
Lmfao
Just a great honest guy highly intelligent !!!!
Fantastic interview Peter
Yea, beautiful host!
So if the Yuan replaces the current reserve currency because it is backed by gold, what does that do to silver?
What he said about the job situation is right on!!
USD is the Reserve Currency because the international finance digital infrastructure is mainly US based and owned (including: the internet infrastructure, satellites, sub-oceanic cables, clearing houses &c.). If this were not the case, we would have lost the USD as Reserve Currency status long ago. Add to this the huge sector of the US economy that is top secret Black Budget; and so is undeclared - and therefore, entirely off the books, as far as the Gov. Budget Office numbers go. The is the mysterious invisible "elephant" in the room that skews all financial projections. Just ask former Assistant Secretary of Housing, Catherine Austin Fitts.
well you called this one 2 years ago.
I saw peter on cnbc today hopefully he uploads that soon. I was in a sports bar so I couldnt hear him
Keep in mind these words of former Assistant Secretary of Housing, Catherine Austin Fitts: "When I was Asst. Secretary and then became a lead financial adviser to HUD, at that time, a lot of the information systems and payment systems were under the lead contractor - Lockheed Martin. They got about US$150 million a year just to run the core systems. When I tried to get data from the system (Lockheed Martin), I couldn't get it. I was the Assistant Secretary of Housing and I couldn't get the data from Lockheed. They could deny me the basic data I needed as a legal matter to run my operation and do my fiduciary responsibilities. The same thing happened when I was a financial adviser."When a lot of people look at the government, they see 21 covered agencies and a group of intelligence agencies. I don't see that. I see 5 contractors with a giant database and everyone of those agencies is a collection cup."Now when you go to the government, the government officials are not in charge. "You have a government that doesn't have information sovereignty and it doesn't have financial sovereignty."It's all being run by a small number of corporations"
It would be great to buy a unit of money that you could trade for gold coin on a fixed rate. Or a dollar with gold in it, or a coin with a gold center?
Freeport just closed a copper mine in Arizona. they were one of the highest paying jobs in this state 1400 jobs gone. No jobs in Arizona that are considered good. maybe Government jobs only! If you have money don't leave it in US banks.
THAT IS GOLD AND SILVER AS LEGAL TENDER....AND LETS STOP STUPID WARS...LETS ALL LEAVE IN PEACE
Under reporting gold? they're are known for over exaggerating everything.
exactly, it is kinda what disney world did when it began construction. Disney purchaed alot of land under many different names so no one would realize what he was doing and when markets did find out the price of real estate in the area soared. if your a buyer of gold the last thing you want is to give a reason for people to buy it and drive up the price.
You need to read my comment again. China loves to show off what they have not hide.
luigi jimenez the government shows off when it is beneficial to do so just as most government's do, there would be little to no benefit disclosing how much gold they have if they are still buying it.
+luigi jimenez Every country exaggerates that includes America, is human nature.
Jim Willie was RIGHT
There are 4 Appearances. Which of the 4 do you perceive whenever you go shopping? Most interested in your intelligent reply !
Ask a Gold Bug to tell you of a Gold Standard in history that was not corrupted and was this bastion of honesty they want you to think Gold will bring in now?
Oh snap!
We NEED MAJOR CHANGE IN USA....NOT ONLY THE DOLLAR...BUT GOVERNMENT...MEDIA...AND ALL THE LIES...
my work laying off people
+WarrantZeus1 My work is so busy I haven't had a day off in 10 days
+DelbertStinkfester Perhaps they dismissed the three people that were supposed to be doing your job and are paying you the same amount to do more work instead. ;)
I don't think that is possible as US still has around 70% of physical gold reserve
China doesn't report its true gold holdings. The US claims to hold 8000+ tons, but China obfuscates their ownership of 30,000 tons of gold all domestically mined since 2000. Also, China doesn't need to back the yuan with gold, they can propose a supranational currency supported by SCO and RCEP nations, and backed by all participating countries' combined gold holdings. That would doom the dollar. The US and its allies will have a hard time opposing an entire gang of asian countries.
Anyway, I'm glad... I think the world needs to be colored a bit Asian these days anyway... the people of the world used to the Ametican way of doing things will just have to llearn and adapt their values and beliefs to dominant Asian worldviews rather than beating the dead horse of American unilateralism.
TO BE THE RESERVE CURRENCY THEIR DEBT MARKET MUST BE CAPABLE OF PARKING TRILLIONS FROM PARTICIPANTS - MAYBE BY 2035??? BUT WHAT DOES THAT MEAN FOR REMAINING GOLD-BACKED - DOESN'T QUITE FIT!!!
gorgeous and smart.....
Why would they back the Yuan with gold when they artificially keep it low so they can export competitively and this will make Chinese goods super expensive and cripple their economy.
what does this mean for gold and silver? is this good news?
thanks
how much gold does the world have? is it enough for the demand that is booming?
No! Peter Schiff love deflation!!!
This is two years old. Put it to sleep.
Good vid!
Gold also moves down when gov backed banks dump billions in gold on the market in the mid of the night to drive gold prices down. It is written as part of law that it is the gov job and right to do that. They have been caught many times lately doing that. Drive those gold prices down so that banks like the FED can buy up gold cheap so they can return all the gold that countries want back right now!
what happened to BRICKS?
THEY WOULD FINISH THOSE CENTRAL BANKERS. FASTER THAN A BLINK OF AN EYE
I have an idea, New holiday titled, "Gold Friday" where everyone buys gold this year and watch the prices drop! That's right, Gold manipulation shall be stripped of all coverings!
Well, it took 10 months but it happened. Today, October 1st, 2016 China joins the basket of International reserve currencies.
Chinese yuan are backed by consumer market and productivity, not gold.
Anyone betting against the yuan is making a mistake.
Seems likely Chinese learned from the US play book and will never back RMB with gold. They see what ability to create world reserve currency in any amount allows the US to do. RMB might become the same just by natural sum of forces, and then they can spend away.
China's Yuan (Renminbi) is still weak to be a reserve currency.
It not about weak..but on majority the Yuan used most traded globaly market making buyer country need to pay in form of Yuan.
I don't think China wants to be the sole world reserve currency to begin with. I think they want to reduce their exposure to the US dollar.
While they have accumulated gold. Officially their gold ratio is still low compared to the US.
The jobs number is a lie.
Gold-based Chinese Yuan? As a Chinese, I don't know what you are talking about. Chinese actually printed as much fiat money as the US did during the decade. The Yuan is even more worthless than dollars.
Still don't understand why the price of gold is still going down. WHY?????????????????????????????
+Denis Parent
Gold had a huge, speculative rise after the financial crisis as people worried that deficits spending, ZIRP and QE would lead to big consumer price inflation. They turned out to be wrong, as consumer price increases remained historically low in the years following the crash of 2008. For the past five years or so, gold has simply been returning back down towards its historical inflation-adjusted average.
If the school of economics you subscribe to predicts that gold _should_ be rising right now, your school of economics is wrong and you need to switch immediately.
LacusTheDestroyer
thanks a lot, really appreciate.
Because it isn't controlled by the markets it's controlled by the central banks
because we are in a bubble in the us, gold normally does better in a correction than a bubble.
Chad Leach
The bubble bursted in august and yet the price of gold is still going down.
I see the beginning of the end of the fiat dollar
WE NEED CONSTITUTION MONEY AND CONSTITUTION GOVERNMENT....WE JUST NEED TO GET GOVERNMENT OUT OF MONEY....LET THE AMERICAN PEOPLE CONTROL THE MONEY AND FREE MARKET CONTROL
Let me get this straight. Peter Shiff is being interviewed by the Peter Shiff channel??
Hahahaha.
About as believable as the boogeyman.
It will only last untill they run out of coin just like before
You need 400,000 a month new jobs to be normal. That was what everyone said before they changed it to 200,000 jobs.
No 150,000 what was needed. We got into a slump.
Treasury will be replaced in December!!
the DOLLAR IS DEAD ANYWAYS...THEY CAN DELAY AS MUCH AS THEY WANT....
You can't think Asian so you won't know till it hits you
Gold is not a currency, gold is simply a bubble waiting to burst.
Gold cant be burst because their values wont change unlike the US dollar
But Peter China has printed more fiat money than the U.S. the E.U. and Japan combined!!! So if they back it with gold how much will gold be per ounce to match all this fiat money? Now I have heard that 270 trillion of debt will be forgiven too. Anyone hear that yet?
Can't just forgive debt, doesn't work like that
No way are the Chinese so stupid as to use gold. Wanna bet?
rob sol Then why are the Chinese acquiring so much gold?
i have no idea; the only guys who would be dumb enough to do that are the govt of Isil.
Chinese massage parlours will become powerful
United States is knee deep in debt and Fort knoxx is empty so the world needs to find a Reserve currency
Dump dollars yes time has come for Europe, china , Russia , India, every one dump dollars 👍👍👍👍
Damn this journalist is beautiful. Who the hell is she??
QEIV will be $1.2 trillion.
Peter is not perfect however, he is right something is clearly wrong with the US economy and I believe they will not raise rates or raise it to a level that makes no sense. Thanksgiving were I live was dismal. I was praying since the climate is quite eery. Gold is going to spike big time as the dollar weakens in 2016 & QE4.
Forgot to mention she's a total "FOX"
Time to hoard RMB.
To all the MuthaFuckas talking gold, I hope you're holding physical precious metals instead of paper saying it's 6 months out...
Sorry Peter for the MF'er :!
How much gold is there? No one knows or can ever know. How can there be any real value for something if you can never know how much there is? China is the least transparent economy, next to North Korea. No one knows who avtually owns the gold. Just holding it means nothing if it is only being held for the real owner. The gold standard is meaningless and always has been.
Rate hike coming
Gold will drop to $500 by next year
gold in the ground is worted something, and the west has plenty coal and oil also!!!!!
中国人民币这么厉害😄 #PM #PerfectMoney #PayPal #EgoPay
shop until drop )
Gloom and doom as usual. If you keep repeating the same prediction, you might get lucky one day, of course. But don’t sell your farm for gold...you cannot eat it.
schiff if only you would take time out and listen.
Wanna a bet that the yuan will not be convertible from gold in the next 2, 5 years?
***** why would they let gold tie their hand in monetary policy?
dare d where
US reserves? What's that? You mean the private "Federal" Reserve Bank? The one where Germany went to get their gold back and simply got denied? That one?....yeah right.
@dare d So what? As a Chinese, I can tell you this is just a bluff. Even the Chinese government did not expect to replace the dollar with Yuan. China is still printing a lot of fiat money these days.
The Gold Backed currencies failed in the late 19th century and they will fail again, if attempted!
The value of gold is absolutely speculative because nowadays gold is useless, the real economy does not need gold, the real economy needs Oil, natural gas, coal, copper (for industrial purposes) and other industrial metals, food commodities ( such as rice, coffee, corn, etc), glass, plastics, cotton, timber.
Those commodities have real demand and real supply on the markets, therefore people and companies all over the world recognize value to them, having a currency backed by a basket of several commodities would create a much more stable currency, less prone to gold and silver price manipulations due to the large availability of the aforementioned commodities, therefore creating the much needed inflation-neutral economy that would equally benefit all: the lenders and savers, and the salary income dependents, who all suffer with inflation.
Why would countries use the yuan if China keeps purposely dropping the value of their currency?
I ONLY WISH GEORGE WASHINGTON OR JFK WAS ALIVE
william gusmao George Washington had slaves bro. He wore dentures made from his slave's teeth.
Ameera david ❤️
Cheap money is over and consumers cannot afford to buy junks that don't need :)
Ms David is too hot.
With Gold, China won't have much controll over it's currency as they do now. It's a country obsessed with controll. I don't think they need the dollar at all, but, that they will back their own currency with Gold is too much to expect.
What about the USA
kkkkkkkkkkkkkkkkk..LMAO..kkkkkkkkkkkkkkk
wow. who is the hottie doing the interview?
Gold is much easier to couterfeit than any paper currency. Gold plated tungsten is already flooding the markets.
for the love of god, gold backed currencies doesn't work,
You are totally wrong. You can fool countries for years and print money to improve your own economy.
Ameera David...I don't know, is it just me, or do any of yous' other guyz' have a hard time concentrating on jobs numbers and rate hikes when she's on the screen?
LIES
US Dollar is collapsing, you guys might wanna plan ahead of time for the worst.
Dollar is going up sadly.
rob sol meening the dollar is collapsing yes. I already know what to do when this goes down. I know something that nobody thought about but I am not sharing. So you guys are on your own.
+ggghjgfg if that were true, I would buy manufacturers.
rob sol well you better start buying them.
+ggghjgfg I do not see a cheap dollar.
wow pretty hostess ...
Crypto is a scheme Peter, lol.
She is cute....
Ameera David is hot.
I am surprised the media is still interviewing Peter Schiff. Basically he has been saying the US economy has been in recession for the past 7 years and that gold is the only place to put your money. Well, his advice has lost his followers a massive amount of money since the summer of 2011 and will continue to do so until gold reaches $750 or even lower. And yet the same annoying voice continues to yell into any microphone that is put near him with the same specious message without ever admitting his fault.
You don't speak for everyone else what he saying is true! Sure we creat more jobs "temp agency"yeah that's right 70% temp agency jobs, more temp agency but no real jobs! Have you notice that temp agency grew rapidly is about 70-90% n there's no real job been created. Maybe there's only 10% real jobs that been created but still not enough we broke and that is the fact!
Dude. He has NOT said gold is the only place to put your money. In fact, he says about 10% of your assets is about right. He suggests a variety of foreign stocks, sound crrencies, and commodities.
😌
XRP Ledger
oo
Grow your own food and cuddle and talk to your community Babylon is fallen fallen
Yup, check out America the Babylon by Sam Adams on u tube. Same title r a combs , were about done
Forex and bitcoin is the leading partway to the future. I wasn’t a fan of bitcoin till I started trading with Chris . This guy trading skills is top notch. Just received another payment into my bank account. I just bought my 3btc